v3.25.1
EIDP Segment FN (Notes)
 3 Months Ended
Mar. 31, 2025
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure [Text Block] SEGMENT INFORMATION
Corteva’s reportable segments reflects the manner in which its chief operating decision maker ("CODM") allocates resources and assesses performance, which is at the operating segment level (Seed and Crop Protection). The company's CODM is the Chief Executive Officer. The primary measure used by Corteva's CODM for purposes of allocating resources to the segments and assessing segment performance is segment operating EBITDA.

Segment operating EBITDA is primarily utilized in the annual planning and monthly forecasting processes. On a monthly basis, the CODM considers variances between comparable prior year actual results and current year actual or forecasted results when evaluating the company's success in delivering its innovative proprietary technology to farmers and monitoring of expected savings from cost and productivity actions. The CODM also utilizes segment operating EBITDA when evaluating the impacts of market-driven trends on segment performance, such as input costs and inflationary and currency impacts.

The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items. Non-operating benefits (costs) consists of non-operating pension and other post-employment benefit (OPEB) credits (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy businesses and sites. Tax indemnification adjustments relate to changes in indemnification balances, as a result of the application of the terms of the Tax Matters Agreement, between Corteva and Dow and/or DuPont that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.
As of and for the Three Months Ended March 31,
(In millions)
SeedCrop ProtectionTotal
2025   
Net sales$2,707 $1,710 $4,417 
Segment operating EBITDA842 377 1,219 
Depreciation and amortization191 105 296 
Segment assets1
22,485 15,465 37,950 
Investments in nonconsolidated affiliates59 77 136 
Purchases of property, plant and equipment 47 47 94 
2024   
Net sales$2,751 $1,741 $4,492 
Segment operating EBITDA748 310 1,058 
Depreciation and amortization203 104 307 
Segment assets1
23,532 16,077 39,609 
Investments in nonconsolidated affiliates47 76 123 
Purchases of property, plant and equipment87 61 148 
1.    Segment assets at December 31, 2024 were $21,246 million and $14,241 million for Seed and Crop Protection, respectively.

Reconciliation of Segment Profitability
(In millions)
SeedCrop ProtectionTotal
For the Three Months Ended March 31, 2025   
Net sales$2,707 $1,710 $4,417 
Cost of good sold1,275 1,018 2,293 
Other expenses1
590 315 905 
Segment operating EBITDA$842 $377 $1,219 
(In millions)
SeedCrop ProtectionTotal
For the Three Months Ended March 31, 2024
Net sales$2,751 $1,741 $4,492 
Cost of good sold1,440 1,109 2,549 
Other expenses1
563 322 885 
Segment operating EBITDA$748 $310 $1,058 
1.    Other expenses consisted primarily of selling, general and administrative expenses and research and development expense, net of depreciation add-back.
Reconciliation to interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDAThree Months Ended March 31,
(In millions)20252024
Income (loss) from continuing operations after income taxes$667 $376 
Provision for (benefit from) income taxes on continuing operations117 106 
Income (loss) from continuing operations before income taxes$784 $482 
Depreciation and amortization296 307 
Interest income(32)(35)
Interest expense36 41 
Exchange (gains) losses - net27 59 
Non-operating (benefits) costs - net10 52 
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges9 1 
Significant items (benefit) charge59 127 
Corporate expenses30 24 
Segment operating EBITDA$1,219 $1,058 

Segment assets to total assets
(In millions)
March 31, 2025December 31, 2024March 31, 2024
Total segment assets$37,950 $35,487 $39,609 
Corporate assets4,173 5,338 4,016 
Total assets$42,123 $40,825 $43,625 

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA
The three months ended March 31, 2025 and 2024, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:

(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended March 31, 2025
Restructuring and asset related charges - net1
$(3)$(14)$(5)$(22)
AltEn facility remediation charges2
(37)— — (37)
Total$(40)$(14)$(5)$(59)

(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended March 31, 2024
Restructuring and asset related charges - net1
$(20)$(41)$(14)$(75)
Estimated settlement expense3
— (54)— (54)
Gain (loss) on sale of assets4
4 — — 4 
Acquisition-related costs5
— (2)— (2)
Total$(16)$(97)$(14)$(127)
1.Includes restructuring plans and asset related charges, as well as accelerated prepaid amortization expense for the three months ended March 31, 2024. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.
2.Relates to a charge to increase the remediation accrual at the AltEn facility relating to Corteva's estimated voluntary contribution to the solid waste and wastewater remedial action plans. See Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for additional information.
3.Consists of estimated Lorsban® related charges.
4.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions. For additional information, refer to Note 6 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, in the company's 2024 Annual Report.
5.Relates to acquisition-related costs, including third-party integration costs associated with the completed acquisitions of Stoller and Symborg.
EIDP  
Segment Reporting Information [Line Items]  
Segment Reporting Disclosure [Text Block] SEGMENT INFORMATION
There are no differences in reporting structure or segments between Corteva, Inc. and EIDP. In addition, there are no differences between Corteva, Inc. and EIDP segment net sales, segment operating EBITDA, segment assets, or significant items by segment; refer to page 37 of the Corteva, Inc. interim Consolidated Financial Statements for background information on the segments as well as further details regarding segment metrics. The tables below reconcile income (loss) from continuing operations after income taxes to segment operating EBITDA, as differences exist between Corteva, Inc. and EIDP.

Reconciliation to interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDAThree Months Ended
March 31,
(In millions)20252024
Income (loss) from continuing operations after income taxes$667 $381 
Provision for (benefit from) income taxes on continuing operations117 108 
Income (loss) from continuing operations before income taxes$784 $489 
Depreciation and amortization296 307 
Interest income(32)(35)
Interest expense36 41 
Exchange (gains) losses - net27 59 
Non-operating (benefits) costs - net10 52 
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges9 1 
Significant items (benefit) charge59 127 
Corporate expenses30 24 
Segment operating EBITDA$1,219 $1,065