v3.25.1
Supplementary Information (Tables)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Nonoperating Income (Expense)
Other Income (Expense) - NetThree Months Ended March 31,
(In millions)20252024
Interest income$32 $35 
Equity in earnings (losses) of affiliates - net11 8 
Net gain (loss) on sales of businesses and other assets4 4 
Net exchange gains (losses)1
(27)(59)
Non-operating pension and other post employment benefit credits (costs)2
(6)(36)
Miscellaneous income (expenses) - net3
1 (51)
Other income (expense) - net$15 $(99)
1.Includes net pre-tax exchange gains (losses) of $— million and $(10) million associated with impacts from the devaluation of the Argentine Peso for the three months ended March 31, 2025 and 2024, respectively.
2.Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)).
3.The three months ended March 31, 2025 includes miscellaneous immaterial items. The three months ended March 31, 2024 includes estimated settlement reserves, the recognition of an indemnification payment negotiated with the prior Stoller owners and tax indemnification adjustments related to changes in indemnification balances as a result of the application of the terms of the Tax Matters Agreement between Corteva and Dow and/or DuPont.
Foreign Currency Exchange Gain (Loss)
Three Months Ended March 31,
(In millions)20252024
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)$(47)$23 
Local tax (expenses) benefits(1)(10)
Net after-tax impact from subsidiary exchange gain (loss)$(48)$13 
Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)$20 $(82)
Tax (expenses) benefits (2)17 
Net after-tax impact from hedging program exchange gain (loss)$18 $(65)
Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)$(27)$(59)
Tax (expenses) benefits(3)7 
Net after-tax exchange gain (loss)$(30)$(52)
Non-controlling interest adjustment— 1 
Net after-tax exchange gain (loss) attributable to Corteva$(30)$(51)
Restrictions on Cash and Cash Equivalents
(In millions)March 31, 2025December 31, 2024March 31, 2024
Cash and cash equivalents$2,008 $3,106 $1,505 
Restricted cash equivalents287 316 509 
Total cash, cash equivalents and restricted cash equivalents$2,295 $3,422 $2,014