NONCONSOLIDATED AFFILIATES |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Equity Method Investments and Joint Ventures [Abstract] | |
| NONCONSOLIDATED AFFILIATES | NONCONSOLIDATED AFFILIATES The Company's investments in affiliates accounted for using the equity method ("nonconsolidated affiliates") are recorded in "Investments and noncurrent receivables" in the interim Condensed Consolidated Balance Sheets. The Company's net investment in nonconsolidated affiliates at March 31, 2026 and December 31, 2025 was $124 million and $111 million, respectively. Sales to nonconsolidated affiliates represented less than 1 percent of total net sales for the three months ended March 31, 2026 and 2025. There were no purchases from nonconsolidated affiliates for the three months ended March 31, 2026 and 2025. The Company maintained an ownership interest in two nonconsolidated affiliates at March 31, 2026. Derby Equity Interest and Note Receivable As a result of the Delrin® divestiture on November 1, 2023, the Company acquired a 19.9 percent non-controlling equity interest in Derby Group Holdings LLC (“Derby”). As part of this transaction, DuPont received a note receivable of $350 million (the "Derby Note Receivable"). The financial results of Derby, subsequent to the transaction date, are included in DuPont's interim Consolidated Financial Statements with a three-month lag using the equity method of accounting and with intercompany profits eliminated in accordance with DuPont’s accounting policy. The Company recorded a loss of $1 million and $14 million for the three months ended March 31, 2026 and 2025, respectively. These losses were reported in "Equity in loss of nonconsolidated affiliates" in the interim Consolidated Statements of Operations. The amounts related to the Derby equity interest are recorded within Corporate. The carrying values of the equity interest as of March 31, 2026 and December 31, 2025 were $125 million and $111 million, respectively. For the three months ended March 31, 2026 and 2025, the Company recognized non-cash interest income on the Derby Note Receivable of $7 million. This income was reported in "Sundry income (expense) – net" on the interim Consolidated Statements of Operations, and accreted to the carrying value of the note receivable. The carrying values of the note receivable as of March 31, 2026 and December 31, 2025 were $289 million and $265 million, respectively.
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