v3.26.1
Revenue (Notes)
 3 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue REVENUE
Remaining Performance Obligations
Remaining performance obligations represent the transaction price allocated to unsatisfied or partially unsatisfied performance obligations. The company applies the practical expedient to disclose the transaction price allocated to the remaining performance obligations for only those contracts with an original duration of more than one year. The transaction price allocated to remaining performance obligations with an original duration of more than one year related to material rights granted to customers for contract renewal options were $155 million, $150 million and $141 million at June 30, 2026, December 31, 2025 and June 30, 2025, respectively. The company expects revenue to be recognized for the remaining performance obligations evenly over a period of six years.
Contract Balances
Contract liabilities primarily reflect deferred revenue from prepayments under contracts with customers where the company receives advance payments for products to be delivered in future periods. Corteva classifies deferred revenue as current or noncurrent based on the timing of when the company expects to recognize revenue. Contract assets primarily include amounts related to conditional rights to consideration for completed performance not yet invoiced. Accounts receivable are recorded when the right to consideration becomes unconditional.

Contract BalancesJune 30, 2026December 31, 2025June 30, 2025
(In millions)
Contract assets - current 1
$35 $34 $31 
Contract assets - noncurrent 2
$88 $83 $77 
Deferred revenue - current$383 $3,579 $358 
Deferred revenue - noncurrent 3
$119 $125 $118 
1.Included in other current assets in the interim Consolidated Balance Sheets.
2.Included in other assets in the interim Consolidated Balance Sheets.
3.Included in other noncurrent obligations in the interim Consolidated Balance Sheets.

Revenue recognized during the six months ended June 30, 2026 and 2025 from amounts included in deferred revenue at the beginning of the period was $3,308 million and $3,091 million, respectively.

Disaggregation of Revenue
Corteva's operations are classified into two operating segments: Seed and Crop Protection. The company disaggregates its revenue by major product line and geographic region, as the company believes it best depicts the nature, amount and timing of its revenue and cash flows. Net sales by major product line are included below:
Three Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
    Corn$2,868 $2,961 $5,241 $5,030 
    Soybean1,318 1,257 1,624 1,562 
    Other oilseeds228 186 473 409 
    Other118 133 217 243 
Seed4,532 4,537 7,555 7,244 
    Herbicides932 995 1,959 1,855 
    Insecticides399 436 776 772 
    Fungicides263 342 597 646 
    Biologicals86 97 156 181 
    Other167 49 241 175 
Crop Protection1,847 1,919 3,729 3,629 
Total$6,379 $6,456 $11,284 $10,873 
Sales are attributed to geographic regions based on customer location. Net sales by geographic region and segment are included below:
SeedThree Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
North America 1
$3,955 $3,954 $5,725 $5,551 
EMEA 2
272 282 1,200 1,108 
Latin America160 154 384 339 
Asia Pacific145 147 246 246 
Total$4,532 $4,537 $7,555 $7,244 

Crop ProtectionThree Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
North America 1
$593 $675 $1,262 $1,288 
EMEA 2
458 465 1,185 1,116 
Latin America519 518 801 775 
Asia Pacific277 261 481 450 
Total$1,847 $1,919 $3,729 $3,629 
1.Represents U.S. and Canada.
2.Europe, Middle East and Africa (“EMEA”).