| EBP, Investment, Fair Value and NAV |
| | | | | | | | | | | | | | | | | | | | | | Investments at Fair Value as of December 31, 2025 | | | Level 1 | | Level 2 | | | | Total | | Plan investments, excluding interest in Master Trust: | | | | | | | | | Participant-directed brokerage accounts | $ | 113,362,614 | | | $ | — | | | | | $ | 113,362,614 | | | Corteva common stock | 110,555,947 | | | $ | — | | | | | 110,555,947 | | | Total Plan investments, at fair value | $ | 223,918,561 | | | $ | — | | | | | $ | 223,918,561 | | | | | | | | | | | Master Trust investments: | | | | | | | | | Common stocks | $ | 1,998,765,206 | | | $ | — | | | | | $ | 1,998,765,206 | | | Preferred stocks | 5,792,156 | | | — | | | | | 5,792,156 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Mutual funds | 26,745,671 | | | — | | | | | 26,745,671 | | | Exchange traded funds | 12,017,476 | | | — | | | | | 12,017,476 | | | Total Master Trust investment assets | 2,043,320,509 | | | — | | | | | 2,043,320,509 | | | | | | | | | | Other financial instruments1 | — | | | (95) | | | | | (95) | | | Subtotal | 2,043,320,509 | | | (95) | | | | | 2,043,320,414 | | | | | | | | | | Master Trust investments measured at net asset value:2 | | | | | | | | | Common collective trusts | | | | | | | 3,513,747,346 | | | | | | | | | | | Total Master Trust assets, at fair value | $ | 2,043,320,509 | | | $ | (95) | | | | | $ | 5,557,067,760 | |
___________________________________ 1.Other financial instruments is primarily comprised of forwards. 2.In accordance with Accounting Standards Update ("ASU") 2015-07, "Fair Value Measurement (Topic 820), Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share or its Equivalent," certain investments reported at fair value using the net asset value practical expedient have been excluded from the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the total Master Trust investments at fair value.
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| | | | | | | | | | | | | | | | | | | | | | Investments at Fair Value as of December 31, 2024 | | | Level 1 | | Level 2 | | | | Total | | Plan investments, excluding interest in Master Trust: | | | | | | | | | Participant-directed brokerage accounts | $ | 96,104,203 | | | $ | — | | | | | $ | 96,104,203 | | | Corteva common stock | 104,387,543 | | | $ | — | | | | | 104,387,543 | | | Total Plan investments, at fair value | $ | 200,491,746 | | | $ | — | | | | | $ | 200,491,746 | | | | | | | | | | | Master Trust investments: | | | | | | | | | Common stocks | $ | 1,729,288,334 | | | $ | — | | | | | $ | 1,729,288,334 | | | Preferred stocks | 5,311,051 | | | — | | | | | 5,311,051 | | | Fixed income securities | | | | | | | | | | | | | | | | | | | | | | | | | Government mortgage-backed securities | — | | | 1,339 | | | | | 1,339 | | | | | | | | | | | Mutual funds | 20,965,394 | | | — | | | | | 20,965,394 | | | Exchange traded funds | 10,856,546 | | | — | | | | | 10,856,546 | | | Total Master Trust investment assets | 1,766,421,325 | | | 1,339 | | | | | 1,766,422,664 | | | | | | | | | | Other financial instruments1 | — | | | 168,858 | | | | | 168,858 | | | Subtotal | 1,766,421,325 | | | 170,197 | | | | | 1,766,591,522 | | | | | | | | | | Master Trust investments measured at net asset value:2 | | | | | | | | | Common collective trusts | | | | | | | 3,270,747,245 | | | | | | | | | | | Total Master Trust assets, at fair value | $ | 1,766,421,325 | | | $ | 170,197 | | | | | $ | 5,037,338,767 | |
___________________________________ 1.Other financial instruments is primarily comprised of collateral receivable. 2.In accordance with ASU 2015-07, "Fair Value Measurement (Topic 820), Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share or its Equivalent," certain investments reported at fair value using the net asset value practical expedient have been excluded from the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the total Master Trust investments at fair value.
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| Schedule of Assets Held for Investments |
The following summarizes CCTs measured at fair value based on net asset value per share as of December 31, 2025 and 2024. Redemption for common collective trusts is permitted daily and there are no unfunded commitments. | | | | | | | | | | | | | | | | Fair Value | Redemption Notice Period | | December 31, 2025 | | December 31, 2024 | | | Northern Trust Collective Treasury Inflation-Protected Securities (TIPS) Index Fund - Non-Lending | $ | 68,910,569 | | | $ | 49,108,790 | | By 9:30 AM CST on valuation date | | Northern Trust Collective Aggregate Bond Index Fund - Non-Lending | 352,005,419 | | | 438,997,179 | | By 9:30 AM CST on valuation date | Northern Trust Collective EAFE® Index Fund - Non-Lending | 518,048,646 | | | 442,222,702 | | By 9:30 AM CST one business day prior to valuation date | | Northern Trust Collective US Real Estate Index Fund - Non-Lending | 3,770,644 | | | 4,674,093 | | By 9:30 AM CST on valuation date | | Northern Trust Collective Russell 2000 Index Fund - Non-Lending | 248,696,073 | | | 244,931,426 | | By 9:30 AM CST on valuation date | Northern Trust Collective S&P 400® Index Fund - Non-Lending | 373,251,483 | | | 353,421,496 | | By 9:30 AM CST on valuation date | Northern Trust Collective S&P 500® Index Fund - Non-Lending | 1,737,097,478 | | | 1,553,062,552 | | By 9:30 AM CST on valuation date | | Northern Trust Collective Government Short Term Investment Fund | 87,760,711 | | | 91,607,398 | | By 2:00 PM CST on valuation date | | Voya Core Plus Trust Fund Class 1 | 62,249,461 | | | 48,065,505 | | By 1:00 PM EST on valuation date | | Wellington Trust Company National Association Collective Fund II | 61,956,862 | | | 44,656,104 | | By 4:00 PM EST on valuation date | | $ | 3,513,747,346 | | | $ | 3,270,747,245 | | |
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