v3.26.1
Employee Benefit Plan, Fair Value and NAV
 12 Months Ended
Dec. 31, 2025
EBP 001 [Member]  
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV FAIR VALUE MEASUREMENTS
 
Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosures, provides a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value, as follows: Level 1, which refers to securities valued using unadjusted quoted prices from active markets for identical assets; Level 2, which refers to securities not traded on an active market but for which observable market inputs are readily available; and Level 3, which refers to securities valued based on significant unobservable inputs. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
 
Fair value calculations may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following table sets forth by level, within the fair value hierarchy, the assets and liabilities of the Plan and the Master Trust at fair value as of December 31, 2025:

 
Investments at Fair Value as of December 31, 2025
 Level 1Level 2Total
Plan investments, excluding interest in Master Trust:   
Participant-directed brokerage accounts$113,362,614 $— $113,362,614 
Corteva common stock110,555,947 $— 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 stocks5,792,156 — 5,792,156 
Mutual funds26,745,671 — 26,745,671 
Exchange traded funds12,017,476 — 12,017,476 
Total Master Trust investment assets2,043,320,509 — 2,043,320,509 
Other financial instruments1
— (95)(95)
Subtotal2,043,320,509 (95)2,043,320,414 
Master Trust investments measured at net asset value:2
Common collective trusts3,513,747,346 
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.
The following table sets forth by level, within the fair value hierarchy, the assets and liabilities of the Plan and the Master Trust at fair value as of December 31, 2024:
 
Investments at Fair Value as of December 31, 2024
 Level 1Level 2Total
Plan investments, excluding interest in Master Trust:   
Participant-directed brokerage accounts$96,104,203 $— $96,104,203 
Corteva common stock104,387,543 $— 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 stocks5,311,051 — 5,311,051 
Fixed income securities
  Government mortgage-backed securities— 1,339 1,339 
Mutual funds20,965,394 — 20,965,394 
Exchange traded funds10,856,546 — 10,856,546 
Total Master Trust investment assets1,766,421,325 1,339 1,766,422,664 
Other financial instruments1
— 168,858 168,858 
Subtotal1,766,421,325 170,197 1,766,591,522 
Master Trust investments measured at net asset value:2
Common collective trusts3,270,747,245 
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.
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 ValueRedemption Notice Period
December 31, 2025December 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-Lending352,005,419 438,997,179 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-Lending3,770,644 4,674,093 By 9:30 AM CST on valuation date
Northern Trust Collective Russell 2000 Index Fund - Non-Lending248,696,073 244,931,426 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 Fund87,760,711 91,607,398 By 2:00 PM CST on valuation date
Voya Core Plus Trust Fund Class 162,249,461 48,065,505 By 1:00 PM EST on valuation date
Wellington Trust Company National Association Collective Fund II61,956,862 44,656,104 By 4:00 PM EST on valuation date
$3,513,747,346 $3,270,747,245