v3.26.1
Segment Reporting (Notes)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting [Text Block] SEGMENT INFORMATION
Corteva’s reportable segments reflects the manner in which its chief operating decision maker (“CODM”) allocates resources and assesses performance, which is at the operating segment level (Seed and Crop Protection). The company's CODM is the Chief Executive Officer. The primary measure used by Corteva's CODM for purposes of allocating resources to the segments and assessing segment performance is segment operating EBITDA.

Segment operating EBITDA is primarily utilized in the annual planning and monthly forecasting processes. On a monthly basis, the CODM considers variances between comparable prior year actual results and current year actual or forecasted results when evaluating the company's success in delivering its innovative proprietary technology to farmers and monitoring of expected savings from cost and productivity actions. The CODM also utilizes segment operating EBITDA when evaluating the impacts of market-driven trends on segment performance, such as input costs and inflationary and currency impacts. The CODM does not use segment assets to inform resource allocation decisions or assess segment performance.

The company defines segment operating EBITDA as earnings (loss) (i.e., income (loss) from continuing operations before income taxes) before interest, depreciation, amortization, corporate expenses, non-operating benefits (costs), foreign exchange gains (losses), and net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting, excluding the impact of significant items and separation costs. Non-operating benefits (costs) consists of non-operating pension and other post-employment benefit (OPEB) credits (costs), tax indemnification adjustments and environmental remediation and legal costs associated with legacy businesses and sites. Tax indemnification adjustments relate 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 that are recorded by the company as pre-tax income or expense. Net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting represents the non-cash net gain (loss) from changes in fair value of certain undesignated foreign currency derivative contracts. Upon settlement, which is within the same calendar year of execution of the contract, the realized gain (loss) from the changes in fair value of the non-qualified foreign currency derivative contracts will be reported in the respective
segment results to reflect the economic effects of the foreign currency derivative contracts without the resulting unrealized mark to fair value volatility.

As of and for the Three Months Ended June 30,
(In millions)
SeedCrop ProtectionTotal
2026
Net sales$4,532 $1,847 $6,379 
Segment operating EBITDA1,966 342 2,308 
Depreciation and amortization233 106 339 
Purchases of property, plant and equipment81 41 122 
2025
Net sales$4,537 $1,919 $6,456 
Segment operating EBITDA1,863 334 2,197 
Depreciation and amortization200 101 301 
Purchases of property, plant and equipment72 46 118 

As of and for the Six Months Ended June 30,
(In millions)
SeedCrop ProtectionTotal
2026
Net sales$7,555 $3,729 $11,284 
Segment operating EBITDA3,000 776 3,776 
Depreciation and amortization425 211 636 
Purchases of property, plant and equipment132 71 203 
2025
Net sales$7,244 $3,629 $10,873 
Segment operating EBITDA2,705 711 3,416 
Depreciation and amortization391 206 597 
Purchases of property, plant and equipment119 93 212 

Reconciliation of Segment Profitability
(In millions)
SeedCrop ProtectionTotal
For the Three Months Ended June 30, 2026
Net sales$4,532 $1,847 $6,379 
Cost of goods sold1,587 1,105 2,692 
Other expenses 1
979 400 1,379 
Segment operating EBITDA$1,966 $342 $2,308 
(In millions)
SeedCrop ProtectionTotal
For the Three Months Ended June 30, 2025
Net sales$4,537 $1,919 $6,456 
Cost of goods sold1,704 1,181 2,885 
Other expenses 1
970 404 1,374 
Segment operating EBITDA$1,863 $334 $2,197 
(In millions)
SeedCrop ProtectionTotal
For the Six Months Ended June 30, 2026
Net sales$7,555 $3,729 $11,284 
Cost of goods sold2,893 2,162 5,055 
Other expenses 1
1,662 791 2,453 
Segment operating EBITDA$3,000 $776 $3,776 
(In millions)
SeedCrop ProtectionTotal
For the Six Months Ended June 30, 2025
Net sales$7,244 $3,629 $10,873 
Cost of goods sold2,979 2,199 5,178 
Other expenses 1
1,560 719 2,279 
Segment operating EBITDA$2,705 $711 $3,416 
1.    Other expenses consisted primarily of selling, general and administrative expenses and research and development expense, net of depreciation add-back.

Reconciliation to Interim Consolidated Financial Statements
Income (loss) from continuing operations after income taxes to segment operating EBITDAThree Months Ended
June 30,		Six Months Ended
June 30,
(In millions)2026202520262025
Income (loss) from continuing operations after income taxes$1,217 $1,382 $1,942 $2,049 
Provision for (benefit from) income taxes on continuing operations408 422 541 539 
Income (loss) from continuing operations before income taxes$1,625 $1,804 $2,483 $2,588 
Depreciation and amortization339 301 636 597 
Interest income(27)(31)(61)(63)
Interest expense47 52 83 88 
Exchange (gains) losses - net75 25 142 52 
Non-operating (benefits) costs - net17 3 (1)13 
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges21 43 24 52 
Significant items (benefit) charge85 (33)262 26 
Separation costs 1
79 — 131 — 
Corporate expenses47 33 77 63 
Segment operating EBITDA$2,308 $2,197 $3,776 $3,416 
1.    Separation costs include costs incurred to prepare for the Proposed Separation of the company’s Seed and Crop Protection businesses. These costs primarily consist of financial advisory, information technology, legal, accounting, consulting and other professional advisory fees

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA
The three and six months ended June 30, 2026 and 2025, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:

(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended June 30, 2026
Restructuring and asset related charges - net 1
$— $(31)$(18)$(49)
Litigation settlement 2
— (36)— (36)
Total$— $(67)$(18)$(85)
(In millions)SeedCrop ProtectionCorporateTotal
For the Three Months Ended June 30, 2025
Restructuring and asset related charges - net 1
$(1)$(75)$(3)$(79)
Gain (loss) on sale of assets 3
— 14 — 14 
Insurance proceeds 5
— 98 — 98 
Total$(1)$37 $(3)$33 

(In millions)SeedCrop ProtectionCorporateTotal
For the Six Months Ended June 30, 2026
Restructuring and asset related charges - net 1
$— $(45)$(96)$(141)
Litigation settlement 2
— (121)— (121)
Total$— $(166)$(96)$(262)

(In millions)SeedCrop ProtectionCorporateTotal
For the Six Months Ended June 30, 2025
Restructuring and asset related charges - net 1
$(4)$(89)$(8)$(101)
Gain (loss) on sale of assets 3
— 14 — 14 
AltEn facility remediation charges 4
(37)— — (37)
Insurance proceeds 5
— 98 — 98 
Total$(41)$23 $(8)$(26)
1.Includes restructuring plans and asset related charges. See Note 4 - Restructuring and Asset Related Charges - Net, to the interim Consolidated Financial Statements, for additional information.
2.Relates to estimated settlements associated with various lawsuits filed as described in the section entitled “Federal Trade Commission Investigation” within Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements.
3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.
4.Relates to a charge to increase the remediation accrual at the AltEn facility relating to Corteva's estimated voluntary contribution to the solid waste and wastewater remedial action plans. See Note 12 - Commitments and Contingent Liabilities, to the interim Consolidated Financial Statements, for additional information.
5.Includes proceeds received related to prior significant items.