0001755672-23-000005 | 10-K | XBRL Viewer

Accounts and Notes Receivable

363

289

335

Other net loss

305

156

290

(997)

(113)

187

Inventories

(1,715)

(422)

104

Accounts Payable

807

524

(118)

Other Assets and Liabilities, Net

194

574

162

253

Cash provided by (used for) operating activities

872

2,727

2,064

Capital expenditures

(605)

(573)

(475)

Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested

Escrow funding associated with acquisitions

(36)

Investments in and loans to nonconsolidated affiliates

(12)

(4)

(1)

Purchases of investments

(344)

(204)

(995)

Proceeds from Sale and Maturities of Investments

295

345

721

Other investing activities - net

(3)

(1)

(7)

Cash provided by (used for) investing activities

(632)

(362)

(674)

Net Change in borrowings (less than 90 days)

(13)

Proceeds from Debt

1,358

419

2,439

Payments on Debt

(1,140)

(421)

(1,441)

Repurchase of Common Stock

(1,000)

(950)

(275)

Proceeds from Exercise of Stock Options

100

Dividends Paid to stockholders

(418)

(397)

(388)

Payment for acquisition of subsidiary's interest from the non-controlling interest

(60)

Other financing activities

(55)

(30)

(28)

Cash provided by (used for) financing activities

(1,180)

(1,266)

303

Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents

(278)

(136)

Increase (decrease) on cash, cash equivalents and restricted cash

(1,218)

963

1,700

Cash, cash equivalents and restricted cash equivalents at beginning of period

4,836

^[1]

3,873

^[1]

2,173

Cash, cash equivalents and restricted cash equivalents at end of period

^[1]

3,618

4,836

3,873

Interest, net of amounts capitalized

Income Taxes

467

341

229

Depreciation and Amortization

Net income (loss)

1,124

1,731

625

1,223

1,243

1,177

Provision for (Benefit from) Deferred Income Tax

(286)

174

(330)

Net periodic pension and OPEB benefit, net

(142)

(1,292)

(340)

Pension and OPEB contributions

182

247

269

Net gain on sales of property, businesses, consolidated companies, and investments

(18)

(21)

Accounts and Notes Receivable

363

289

335

Other net loss

305

156

290

(997)

(113)

187

Inventories

(1,715)

(422)

104

Accounts Payable

807

524

(118)

Other Assets and Liabilities, Net

194

574

163

251

Cash provided by (used for) operating activities

839

2,689

1,986

Capital expenditures

(605)

(573)

(475)

Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested

Escrow funding associated with acquisitions

(36)

Investments in and loans to nonconsolidated affiliates

(12)

(4)

(1)

Purchases of investments

(344)

(204)

(995)

Proceeds from Sale and Maturities of Investments

295

345

721

Other investing activities - net

(3)

(1)

(7)

Cash provided by (used for) investing activities

(632)

(362)

(674)

Net Change in borrowings (less than 90 days)

(13)

Proceeds from Related Party Debt

103

Repayments of Related Party Debt

(1,422)

(1,349)

(665)

Proceeds from Debt

1,358

419

2,439

Payments on Debt

(1,140)

(421)

(1,441)

Proceeds from Exercise of Stock Options

100

Payment for acquisition of subsidiary's interest from the non-controlling interest

(60)

Other financing activities

(66)

(42)

(51)

Cash provided by (used for) financing activities

(1,147)

(1,228)

381

Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents

(278)

(136)

Increase (decrease) on cash, cash equivalents and restricted cash

(1,218)

963

1,700

Cash, cash equivalents and restricted cash equivalents at beginning of period

4,836

3,873

2,173

Cash, cash equivalents and restricted cash equivalents at end of period

3,618

4,836

3,873

Interest, net of amounts capitalized

^[2]

Income Taxes

467

341

229

Total company [Member]

Total company [Member] | EIDP

363

289

335

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

$ 363

$ 289

$ 335

[1]	See page F-24 for reconciliation of cash and cash equivalents and restricted cash equivalents presented in the Consolidated Balance Sheets to total cash, cash equivalents and restricted cash equivalents presented in the Consolidated Statements of Cash Flows.
[2]	Reflects interest, net of amounts capitalized, paid to external parties. For information associated with interest paid on related party debt refer to EIDP's Note 2 - Related Party Transactions, of the EIDP Consolidated Financial Statements.

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comp Loss	Noncontrolling Interest [Member]	EIDP	EIDP Preferred Stock [Member]	EIDP Common Stock [Member]	EIDP Additional Paid-in Capital [Member]	EIDP Retained Earnings [Member]	EIDP Accumulated Other Comp Loss	EIDP Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2019	$ 24,555	$ 7	$ 27,997	$ (425)	$ (3,270)	$ 246	$ 20,528	$ 239	$ 0	$ 23,958	$ (406)	$ (3,270)	$ 7
Net income (loss)	701			681		20	625				615		10
Net other comprehensive income (loss)	380				380		380					380
Dividends, Common Stock	(388)		(194)	(194)
Dividends, Preferred Stock							(10)			(5)	(5)
Issuance of stock	56		56				56			56
Share-based compensation	59		60				59			60
Retained Earnings, Share-based Compensation				(1)							(1)
Common Stock Repurchase	(275)		(216)	(59)
Acquisition of a noncontrolling interest in consolidated subsidiaries	(52)		(37)			(15)	(52)			(37)			(15)
Stockholders' Equity, Other	27		41	(2)		(12)	15			17			(2)
Ending Balance at Dec. 31, 2020	25,063	7	27,707	0	(2,890)	239	21,601	239	0	24,049	203	(2,890)	0
Net income (loss)	1,769			1,759		10	1,731				1,731
Net other comprehensive income (loss)	(8)				(8)		(8)					(8)
Dividends, Common Stock	(397)		(97)	(300)
Dividends, Preferred Stock							(10)				(10)
Issuance of stock	100		100				100			100
Share-based compensation	56		59				56			59
Retained Earnings, Share-based Compensation				(3)							(3)
Common Stock Repurchase	(950)		(18)	(932)
Stockholders' Equity, Other	(10)					(10)	(11)			(12)	1
Ending Balance at Dec. 31, 2021	25,623	7	27,751	524	(2,898)	239	23,459	239	0	24,196	1,922	(2,898)	0
Net income (loss)	1,158			1,147		11	1,124				1,123		1
Net other comprehensive income (loss)	92				92		92					92
Dividends, Common Stock	(418)			(418)
Dividends, Preferred Stock							(10)				(10)
Issuance of stock	88		88				88			88
Share-based compensation	10		12				10			12
Retained Earnings, Share-based Compensation				(2)							(2)
Common Stock Repurchase	(1,000)			(1,000)
Stockholders' Equity, Other	(12)			(1)		(11)	(14)			(12)	(2)
Ending Balance at Dec. 31, 2022	$ 25,541	$ 7	$ 27,851	$ 250	$ (2,806)	$ 239	$ 24,749	$ 239	$ 0	$ 24,284	$ 3,031	$ (2,806)	$ 1

Consolidated Statements of Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Common Stock Dividends	$ 0.58	$ 0.54	$ 0.52
$3.50 Series Preferred Stock [Member] \| EID [Member]
Preferred Stock, Dividends Per Share	3.50	3.50	3.50
$4.50 Series Preferred Stock [Member] \| EID [Member]
Preferred Stock, Dividends Per Share	$ 4.50	$ 4.50	$ 4.50

Schedule II - Valuation and Qualifying Accounts (Notes)

12 Months Ended

Dec. 31, 2022

SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Schedule II—Valuation and Qualifying Accounts (Corteva, Inc. and EIDP)

(Dollars in millions)


	For the Year Ended December 31,
	2022		2021		2020
Accounts Receivable—Allowance for Doubtful Receivables
Balance at beginning of period	$	210	$	208	$	174
Additions charged to expenses	3		6		52
Deductions from reserves1	(19)		(4)		(18)
Balance at end of period	$	194	$	210	$	208





Deferred Tax Assets—Valuation Allowance
Balance at beginning of period	$	366	$	453	$	457
Additions charged to expenses	87		97		56
Deductions from reserves2	(111)		(184)		(60)
Balance at end of period	$	342	$	366	$	453

1. Deductions include write-offs, recoveries collected and currency translation adjustments.

2. Deductions include currency translation adjustments.

Background and Basis of Presentation (Notes)	12 Months Ended
Background and Basis of Presentation (Notes)	Dec. 31, 2022
Intended Business Separations [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	BACKGROUND AND BASIS OF PRESENTATION Corteva, Inc. is a leading global provider of seed and crop protection solutions focused on the agriculture industry. The company intends to leverage its rich heritage of scientific achievement to advance its robust innovation pipeline and continue to shape the future of responsible agriculture. The company's broad portfolio of agriculture solutions fuels farmer productivity around the globe. Corteva has two reportable segments: seed and crop protection. See Note 22 - Segment Information, to the Consolidated Financial Statements, for additional information on the company's reportable segments. Throughout these financial statements, except as otherwise noted by the context, the terms "Corteva" or "company" used herein mean Corteva, Inc. and its consolidated subsidiaries (including EIDP) and the term “EIDP” used herein means EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) and its consolidated subsidiaries or EIDP, Inc. excluding its consolidated subsidiaries, as the context may indicate. Principles of Consolidation and Basis of Presentation On June 1, 2019, Corteva, Inc. became an independent, publicly traded company through the completed separation (the “Separation”) of the agriculture business of DuPont de Nemours, Inc. (formerly known as DowDuPont Inc.) (“DowDuPont” or “DuPont”). The separation was effectuated through a pro rata distribution (the “Corteva Distribution”) of all of the then-issued and outstanding shares of common stock of Corteva, Inc. Subsequent to the Merger, Historical Dow and EIDP engaged in a series of internal reorganization and realignment steps to realign their businesses into three subgroups: agriculture, materials science and specialty products ("Internal Reorganization"). On April 1, 2019, DowDuPont completed the separation of its materials science business into a separate and independent public company by way of a distribution of Dow common stock to holders of DowDuPont's common stock (the “Dow Distribution” and together with the Corteva Distribution, the “Distributions”). On April 1, 2019, Historical Dow entities, which held certain assets and liabilities aligned with Historical Dow’s agriculture business and the assets and liabilities associated with its specialty products business, respectively, were transferred and conveyed to DowDuPont. On April 1, 2019 and May 1, 2019, EIDP’s materials science and specialty products entities, along with their respective assets and liabilities, were conveyed to Dow and DowDuPont, respectively. On May 2, 2019, DowDuPont conveyed Historical Dow agricultural entities to EIDP. On May 6, 2019, the Board of Directors of DowDuPont approved the distribution of all the then issued and outstanding shares of common stock of Corteva, Inc., then a wholly-owned subsidiary of DowDuPont, to DowDuPont stockholders. On May 31, 2019, DowDuPont contributed EIDP to Corteva, Inc. and on June 1, 2019, the Separation was completed. Information related to the Corteva Distribution and its effect on the company's financial statements is discussed throughout these Notes to the Consolidated Financial Statements. During the first quarter 2020, the company recorded an increase of $40 million to APIC relating to net assets recorded as transferred as part of the 2019 Internal Reorganizations that were retained. Certain reclassifications of prior year's data have been made to conform to current year's presentation. Since 2018, Argentina has been considered a hyper-inflationary economy under U.S. GAAP and therefore the U.S. Dollar (“USD”) is the functional currency for our related subsidiaries. Argentina contributes approximately 5 percent to both the company's annual Sales and Segment Operating EBITDA. We remeasure net monetary assets and translate our financial statements utilizing the official Argentine Peso (“Peso”) to USD exchange rate. The ability to draw down Peso cash balances is limited at this time due to government restrictions and market availability of U.S. Dollars. The devaluation of the Peso relative to the USD over the last several years has resulted in the recognition of exchange losses (refer to Note 6 – Supplementary Information, to the Consolidated Financial Statements). As of December 31, 2022, a further 10 percent deterioration in the official Peso to USD exchange rate would reduce the USD value of our net monetary assets and negatively impact pre-tax earnings by approximately $15 million. We will continue to assess the implications to our operations and financial reporting.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The company is also involved with certain joint ventures accounted for under the equity method of accounting that are variable interest entities ("VIEs"). The company is not the primary beneficiary, as the nature of the company's involvement with the VIEs does not provide it the power to direct the VIEs significant activities. Future events may require these VIEs to be consolidated if the company becomes the primary beneficiary. At December 31, 2022 and 2021, the maximum exposure to loss related to the nonconsolidated VIEs is not considered material to the Consolidated Financial Statements.

Use of Estimates in Financial Statement Preparation

The preparation of financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The company’s consolidated financial statements include amounts that are based on management’s best estimates and judgments. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash equivalents represent investments with maturities of three months or less from time of purchase. They are carried at cost plus accrued interest.

Restricted Cash Equivalents

Restricted cash equivalents primarily consist of trust assets and contributions to the escrow account for the settlement of legacy PFAS matters and the associated qualified spend. Corteva classifies restricted cash equivalents as current or noncurrent based on the nature of the restrictions, which are included in other current assets and other assets, respectively, in the Consolidated Balance Sheets. See Note 6 - Supplementary Information, to the Consolidated Financial Statements, for further information.

Marketable Securities

Marketable securities represent investments in fixed and floating rate financial instruments with maturities greater than three months and up to twelve months at time of purchase. Investments classified as held-to-maturity are recorded at amortized cost. The carrying value approximates fair value due to the short-term nature of the investments. Investments classified as debt securities that are available-for-sale are carried at estimated fair value with unrealized gains and losses recorded as a component of accumulated other comprehensive income (loss) or current period earnings if an allowance for credit losses has been established. The cost of investments sold is determined by specific identification.

Fair Value Measurements

Under the accounting guidance for fair value measurements and disclosures, a fair value hierarchy was established that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

The company uses the following valuation techniques to measure fair value for its assets and liabilities:


Level 1	–	Quoted market prices in active markets for identical assets or liabilities;

Level 2	–	Significant other observable inputs (e.g. quoted prices for similar items in active markets, quoted prices for identical or similar items in markets that are not active, inputs other than quoted prices that are observable such as interest rate and yield curves, and market-corroborated inputs);

Level 3	–	Unobservable inputs for the asset or liability, which are valued based on management's estimates of assumptions that market participants would use in pricing the asset or liability.

Foreign Currency Translation

The company's worldwide operations utilize the U.S. dollar ("USD") or a related foreign currency as the functional currency, where applicable. The company identifies its separate and distinct foreign entities and groups the foreign entities into two categories: 1) extension of the parent or foreign subsidiaries operating in a hyper-inflationary environment (USD functional currency) and 2) self-contained (related foreign functional currency). If a foreign entity does not align with either category, factors are evaluated and a judgment is made to determine the functional currency.

For foreign entities where the USD is the functional currency, all foreign currency-denominated asset and liability amounts are re-measured into USD at end-of-period exchange rates, except for inventories, prepaid expenses, property, plant and equipment, goodwill and other intangible assets, which are re-measured at historical rates. Foreign currency income and expenses are re-measured at average exchange rates in effect during each month, except for expenses related to balance sheet amounts re-measured at historical exchange rates. Exchange gains and losses arising from re-measurement of foreign currency-denominated monetary assets and liabilities are included in income in the period in which they occur.

For foreign entities where a related foreign currency is the functional currency, assets and liabilities denominated in the related foreign currencies are translated into USD at end-of-period exchange rates and the resultant translation adjustments are reported, net of their related tax effects, as a component of accumulated other comprehensive income (loss) in equity. Assets and liabilities denominated in other than the functional currency are re-measured into the functional currency prior to translation into USD and the resultant exchange gains or losses are included in income in the period in which they occur. Income and expenses are translated into USD at average exchange rates in effect during each month.

The company changes the functional currency of its separate and distinct foreign entities only when significant changes in economic facts and circumstances indicate clearly that the functional currency has changed.

Inventories

The company's inventories are valued at the lower of cost or net realizable value. Elements of cost in inventories include raw materials, direct labor and manufacturing overhead. Stores and supplies are valued at cost or net realizable value, whichever is lower; cost is generally determined by the average cost method.

As of December 31, 2022, approximately 55% and 45% of the company's inventories were accounted for under the first-in, first-out ("FIFO") and average cost methods, respectively. As of December 31, 2021, approximately 60% and 40% of the company's inventories were accounted for under the first-in, first-out ("FIFO") and average cost methods, respectively. Inventories accounted for under the FIFO method are primarily comprised of products with shorter shelf lives such as seeds. See Note 10 - Inventories, to the Consolidated Financial Statements, for further information.

The company establishes an obsolescence reserve for inventory based upon quality considerations and assumptions about future demand and market conditions.

Property, Plant and Equipment

Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is based on the estimated service lives of depreciable assets and is calculated using the straight-line method. Fully depreciated assets are retained in property and accumulated depreciation accounts until they are removed from service. When assets are surrendered, retired, sold, or otherwise disposed of, their gross carrying values and related accumulated depreciation are removed from the Consolidated Balance Sheets and included in determining gain or loss on such disposals.

Goodwill and Other Intangible Assets

The company records goodwill when the purchase price of a business acquisition exceeds the estimated fair value of net identified tangible and intangible assets acquired. Goodwill is tested for impairment at the reporting unit level at least annually, or more frequently when events or changes in circumstances indicate that the fair value of a reporting unit has more likely than not declined below its carrying value. The company performs an annual goodwill impairment test in the fourth quarter.

When testing goodwill for impairment, the company has the option to first perform qualitative testing to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If the company chooses not to complete a qualitative assessment for a given reporting unit or if the initial assessment indicates that it is more likely than not that the carrying value of a reporting unit exceeds its estimated fair value, additional quantitative testing is required. If additional quantitative testing is required, the reporting unit's fair value is compared with its carrying amount, and an impairment charge, if any, is recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, limited to the amount of goodwill associated with the reporting unit. The company determines fair values for each of the reporting units using a discounted cash flow model (a form of the income approach) or the market approach. Under the income approach, fair value is

determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. The company's significant assumptions in this analysis include future cash flow projections, weighted average cost of capital, the terminal growth rate, and the tax rate. Under the market approach, the company uses metrics of publicly traded companies or historically completed transactions for comparable companies. See Note 12 - Goodwill and Other Intangible Assets, to the Consolidated Financial Statements, for further information on goodwill.

Indefinite-lived intangible assets are tested for impairment at least annually; however, these tests are performed more frequently when events or changes in circumstances indicate that the asset may be impaired. Impairment exists when carrying value exceeds fair value. The company performs an impairment assessment using the relief from royalty method (a form of the income approach) using Level 3 inputs within the fair value hierarchy. The significant assumptions used in the calculation included projected revenue, the royalty rate, the discount rate, and the terminal growth rate. These significant assumptions involve management judgment and estimates relating to future operating performance and economic conditions that may differ from actual cash flows.

Definite-lived intangible assets are amortized over their estimated useful lives, generally on a straight-line basis for periods ranging primarily from 2 years to 25 years. The company continually evaluates the reasonableness of the useful lives of these assets. Once these assets are no longer considered held and used, they are removed from the Consolidated Balance Sheets.

Leases

The company determines whether an arrangement is a lease at the inception of the arrangement based on the terms and conditions in the contract. A contract contains a lease if there is an identified asset and the company has the right to control the asset. Operating lease right-of-use ("ROU") assets are included in other assets on the company’s Consolidated Balance Sheets. Operating lease liabilities are included in accrued and other current liabilities and other noncurrent obligations on the company’s Consolidated Balance Sheets. Finance lease assets are included in property, plant and equipment on the company’s Consolidated Balance Sheets. Finance lease liabilities are included in short-term borrowings and finance lease obligations and long-term debt on the company’s Consolidated Balance Sheets.

Operating lease ROU assets represent the company’s right to use an underlying asset for the lease term and lease liabilities represent the company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As most of the company’s leases do not provide the lessor's implicit rate, the company uses its incremental borrowing rate at the commencement date in determining the present value of lease payments. Lease terms include options to extend the lease when it is reasonably certain those options will be exercised. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The company recognizes lease expense for these leases on a straight-line basis over the lease term.

The company has lease agreements with lease and non-lease components, which are accounted for as a single lease component for all asset classes. In the Consolidated Statements of Operations, lease expense for operating leases is recognized on a straight-line basis over the lease term. For finance leases, interest expense is recognized on the lease liability and the ROU asset is amortized over the lease term. See Note 13 - Leases, to the Consolidated Financial Statements, for further information.

Impairment of Long-Lived Assets

The company evaluates the carrying value of long-lived assets to be held and used when events or changes in circumstances indicate the carrying value may not be recoverable. The carrying value of a long-lived asset group is considered impaired when the total projected undiscounted cash flows from the assets are separately identifiable and are less than its carrying value. In that event, a loss is recognized based on the amount by which the carrying value exceeds the fair value of the long-lived asset group. The company's fair value methodology is an estimate of fair market value which is made based on prices of similar assets or other valuation methodologies including present value techniques. Long-lived assets to be disposed of by sale, if material, are classified as held for sale and reported at the lower of carrying amount or fair value less cost to sell, and depreciation is ceased. Long-lived assets to be disposed of other than by sale are classified as held and used until they are disposed of and reported at the lower of carrying amount or fair value. Depreciation is recognized over the remaining useful life of the assets.

Derivative Instruments

Derivative instruments are reported in the Consolidated Balance Sheets at their fair values. The company utilizes derivatives to manage exposures to foreign currency exchange rates and commodity prices. Changes in the fair values of derivative instruments that are not designated as hedges are recorded in current period earnings. For derivative instruments designated as cash flow hedges, the gain (loss) is reported in accumulated other comprehensive income (loss) until it is cleared to earnings during the same period in which the hedged item affects earnings. For derivative instruments designated as net investment hedges, the gain (loss) is reported within accumulated other comprehensive income (loss) until the subsidiary is divested.

In the event that a derivative designated as a hedge of a firm commitment or an anticipated transaction is terminated prior to the maturation of the hedged transaction, the net gain or loss in accumulated other comprehensive income (loss) generally remains in accumulated other comprehensive income (loss) until the item that was hedged affects earnings. If a hedged transaction matures, or is sold, extinguished, or terminated prior to the maturity of a derivative designated as a hedge of such transaction, gains or losses associated with the derivative through the date the transaction matured are included in the measurement of the hedged transaction and the derivative is reclassified as for trading purposes. Derivatives designated as hedges of anticipated transactions are reclassified as for trading purposes if the anticipated transaction is no longer probable.

The company included foreign currency exchange contract settlements within cash flows from operating activities, regardless of hedge accounting qualification. See Note 19 - Financial Instruments, to the Consolidated Financial Statements, for additional discussion regarding the company's objectives and strategies for derivative instruments.

Environmental Matters

Accruals for environmental matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. These accruals are adjusted periodically as assessment and remediation efforts progress or as additional technical or legal information becomes available. Accruals for environmental liabilities are included in the Consolidated Balance Sheets in accrued and other current liabilities and other noncurrent obligations at undiscounted amounts. Accruals for related insurance or other third-party recoveries for environmental liabilities are recorded when it is probable that a recovery will be realized and are included in the Consolidated Balance Sheets as accounts and notes receivable - net.

Environmental costs are capitalized if the costs extend the life of the property, increase its capacity, and/or mitigate or prevent contamination from future operations. Environmental costs are also capitalized in recognition of legal asset retirement obligations resulting from the acquisition, construction and/or normal operation of a long-lived asset. Costs related to environmental contamination treatment and cleanup are charged to expense. Estimated future incremental operations, maintenance and management costs directly related to remediation are accrued when such costs are probable and reasonably estimable.

Revenue Recognition

The company recognizes revenue when its customer obtains control of promised goods or services, in an amount that reflects the consideration which the company expects to receive in exchange for those goods or services. To determine the revenue recognition for an arrangement considered to be a contract with a customer, the company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when (or as) the entity satisfies a performance obligation. See Note 4 - Revenue, to the Consolidated Financial Statements, for additional information on revenue recognition.

Prepaid Royalties

The company currently has certain third-party biotechnology trait license agreements, which require up-front and variable payments subject to the licensor meeting certain conditions. These payments are reflected as other current assets and other assets in the Consolidated Balance Sheets and are amortized to cost of goods sold in the Consolidated Statement of Operations as seeds containing the respective trait technology are utilized over the life of the license. The rate of royalty amortization expense recognized is based on the company’s strategic plans which include various assumptions and estimates including product portfolio, market dynamics, farmer preferences, growth rates and projected planted acres. Changes in factors and assumptions included in the strategic plans, including potential changes to the product portfolio in favor of internally developed biotechnology, could impact the rate of recognition of the relevant prepaid royalty.

At December 31, 2022, the balance of prepaid royalties reflected in other current assets and other assets in the Consolidated Balance Sheets was $224 million and $101 million, respectively. The majority of the balance of prepaid royalties relates to the company’s wholly owned subsidiary, Pioneer Hi-Bred International, Inc.’s (“Pioneer”) non-exclusive license in the United States and Canada for the Monsanto Company's Genuity® Roundup Ready 2 Yield® glyphosate tolerance trait and Roundup Ready 2 Xtend® glyphosate and dicamba tolerance trait for soybeans (“Roundup Ready 2 License Agreement”). Each of these licensed technologies are now trademarks of the Bayer Group, which acquired the Monsanto Company in 2018. The prepaid royalty asset relates to a series of up-front, fixed and variable royalty payments to utilize the traits in Pioneer’s soybean product mix. The company’s historical expectation was that the technology licensed under the Roundup Ready 2 License Agreement would be used as the primary herbicide tolerance trait platform in the Pioneer® brand soybean through the term of the agreement. DAS and MS Technologies, L.L.C. jointly developed and own the Enlist E3TM herbicide tolerance trait for soybeans which provides tolerance to 2, 4-D choline in Enlist Duo® and Enlist One® herbicides, as well as glyphosate and glufosinate herbicides. In connection with the validation of breeding plans and large-scale product development timelines, during the fourth quarter of 2019, the company committed to accelerate the ramp up of the Enlist E3TM trait platform in the company’s soybean

portfolio mix across all brands, including Pioneer® brands, over the subsequent five years. During the ramp-up period, the company has began to significantly reduce the volume of products with the Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits, with expected minimal use of the trait platform thereafter for the remainder of the Roundup Ready 2 License Agreement (the “Transition Plan”). The rate of royalty expense has therefore increased significantly through higher amortization of the prepaid royalty as fewer seeds containing the respective trait are expected to be utilized.

In connection with the departure from these traits, beginning January 1, 2020 the company presents and discloses the non-cash accelerated prepaid royalty amortization expense as a component of restructuring and asset related charges - net, in the Consolidated Statement of Operations. The accelerated prepaid royalty amortization expense represents the difference between the rate of amortization based on the revised number of units expected to contain the Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® trait technology and the variable cash rate per the Roundup Ready 2 License Agreement.

Further changes in factors and assumptions associated with usage of the trait platform licensed under the Roundup Ready 2 License Agreement, including the Transition Plan, could further impact the rate of recognition of the prepaid royalty and Consolidated Statement of Operations presentation of the accelerated prepaid royalty amortization expense.

Cost of Goods Sold

Cost of goods sold primarily includes the cost of manufacture and delivery, ingredients or raw materials, direct salaries, wages and benefits and overhead, non-capitalizable costs associated with capital projects, royalties and other operational expenses. No amortization of intangibles is included within cost of goods sold.

Research and Development

Research and development costs are expensed as incurred. Research and development expense includes costs (primarily consisting of employee costs, materials, contract services, research agreements, and other external spend) relating to the discovery and development of new products.

Selling, General and Administrative Expenses

Selling, general and administrative expenses primarily include selling and marketing expenses, commissions, functional costs, and business management expenses.

Litigation and Other Contingencies

Accruals for legal matters and other contingencies are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Legal costs, such as outside counsel fees and expenses, are charged to expense in the period incurred.

Severance Costs

Severance benefits are provided to employees under the company's ongoing benefit arrangements. Severance costs are accrued when management commits to a plan of termination and it becomes probable that employees will be entitled to benefits at amounts that can be reasonably estimated.

Insurance/Self-Insurance

The company self-insures certain risks where permitted by law or regulation, including workers' compensation, vehicle liability and employee related benefits. Liabilities associated with these risks are estimated in part by considering historical claims experience, demographic factors and other actuarial assumptions. For other risks, the company uses a combination of insurance and self-insurance, reflecting comprehensive reviews of relevant risks. A receivable for an insurance recovery is generally recognized when the loss has occurred and collection is considered probable.

Income Taxes

The company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities using enacted tax rates. The effect of a change in tax rates on deferred tax assets or liabilities is recognized in income in the period that includes the enactment date.

The company recognizes the financial statement effects of an uncertain income tax position when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. The current portion of uncertain income tax positions is included in income taxes payable or income tax receivable, and the long-term portion is included in other noncurrent obligations or other noncurrent assets in the Consolidated Balance Sheets.

Income tax related penalties are included in the provision for (benefit from) income taxes in the Consolidated Statements of Operations. Interest accrued related to unrecognized tax benefits is included within the provision for (benefit from) income taxes from continuing operations in the Consolidated Statements of Operations.

Earnings per Common Share

The calculation of earnings per common share is based on the weighted-average number of the company’s common shares outstanding for the applicable period. The calculation of diluted earnings per common share reflects the effect of all potential common shares that were outstanding during the respective periods, unless the effect of doing so is antidilutive.

Recent Accounting Guidance	12 Months Ended
Recent Accounting Guidance	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Guidance	RECENT ACCOUNTING GUIDANCE Recently Adopted Accounting Guidance In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which requires business entities to disclose transactions with a governmental entity for which a grant or contribution accounting model is used in recognizing and measuring such transactions. This standard is effective for fiscal years beginning after December 15, 2021, and early adoption is permitted. The company adopted this guidance on January 1, 2022 and it did not have a material impact on the company’s disclosures. Accounting Guidance Issued But Not Adopted as of December 31, 2022 In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This ASU includes amendments that require a buyer in supplier finance programs to disclose key terms of the programs and related obligations, including a rollforward of such obligations. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the rollforward requirement, which is effective for fiscal years beginning after December 15, 2023, and early adoption is permitted. Retrospective application to all periods in which a balance sheet is presented is required, except for the rollforward requirement, which will be applied prospectively. The adoption of this guidance will result in the company being required to include certain disclosures relating to supplier financing programs and related obligations.

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

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Revenue from Contract with Customer [Abstract]

Revenue (Notes)

12 Months Ended

Dec. 31, 2022

Revenue

REVENUE

Revenue Recognition

Products

Substantially all of Corteva's revenue is derived from product sales. Product sales consist of sales of Corteva's products to farmers, distributors, and manufacturers. Corteva considers purchase orders, which in some cases are governed by master supply agreements, to be a contract with a customer. Contracts with customers are considered to be short-term when the time between order confirmation and satisfaction of the performance obligations is equal to or less than one year. However, the company has some long-term contracts which can span multiple years.

Revenue from product sales is recognized when the customer obtains control of the company's product, which occurs at a point in time according to shipping terms. Payment terms are generally less than one year from invoicing. The company elected the practical expedient and does not adjust the promised amount of consideration for the effects of a significant financing component when the company expects it will be one year or less between when a customer obtains control of the company's product and when payment is due. When the company performs shipping and handling activities after the transfer of control to the customer (e.g., when control transfers prior to or at shipment), these are considered fulfillment activities, and accordingly, the costs are accrued when the related revenue is recognized. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues. In addition, the company elected the practical expedient to expense any costs to obtain contracts as incurred, as the amortization period for these costs would have been one year or less.

The transaction price includes estimates of variable consideration, such as rights of return, rebates, and discounts, that are reductions in revenue. All estimates are based on the company's historical experience, anticipated performance, and the company's best judgment at the time the estimate is made. Estimates of variable consideration included in the transaction price primarily utilize the expected value method based on historical experience. These estimates are reassessed each reporting period and are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur upon resolution of uncertainty associated with the variable consideration. The majority of contracts have a single performance obligation satisfied at a point in time and the transaction price is stated in the contract, usually as quantity times price per unit. For contracts with multiple performance obligations, the company allocates the transaction price to each performance obligation based on the relative standalone selling price. The standalone selling price is the observable price which depicts the price as if sold to a similar customer in similar circumstances.

Licenses of Intellectual Property

Corteva enters into licensing arrangements with customers under which it licenses its intellectual property. Revenue from the majority of intellectual property licenses is derived from sales-based royalties. Revenue for licensing agreements that contain sales-based royalties is recognized at the later of (i) when the subsequent sale occurs or (ii) when the performance obligation to which some or all of the royalty has been allocated is satisfied.

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 remaining performance obligations for only those contracts with an original duration of one year or more. 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 $131 million and $123 million at December 31, 2022 and December 31, 2021, respectively. The company expects revenue to be recognized for the remaining performance obligations evenly over the period of one year to 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 Balances	December 31, 2022		December 31, 2021
(In millions)	December 31, 2022		December 31, 2021
Accounts and notes receivable - trade1	$	4,261	$	3,561
Contract assets - current2	$	26	$	24
Contract assets - noncurrent3	$	64	$	58
Deferred revenue - current	$	3,388	$	3,201
Deferred revenue - noncurrent4	$	107	$	120

1.Included in accounts and notes receivable - net in the Consolidated Balance Sheets.

2.Included in other current assets in the Consolidated Balance Sheets.

3.Included in other assets in the Consolidated Balance Sheets.

4.Included in other noncurrent obligations in the Consolidated Balance Sheets.

Revenue recognized during the year ended December 31, 2022, December 31, 2021, and December 31, 2020 from amounts included in deferred revenue at the beginning of the period was $3,150 million, $2,613 million, and $2,540 million, respectively.

Disaggregation of Revenue

Corteva's operations are classified into two reportable 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. Net sales by major product line are included below:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Corn	$	5,955	$	5,618	$	5,182
Soybean	1,810		1,568		1,445
Other oilseeds	714		752		619
Other	500		464		510
Seed	8,979		8,402		7,756
Herbicides	4,591		3,815		3,280
Insecticides	1,831		1,730		1,764
Fungicides	1,450		1,310		1,032
Other	604		398		385
Crop Protection	8,476		7,253		6,461
Total	$	17,455	$	15,655	$	14,217

Sales are attributed to geographic regions based on customer location. Net sales by geographic region and segment are included below:


Seed	For the Year Ended December 31,
(In millions)	2022		2021		2020
North America1	$	5,178	$	5,004	$	4,795
EMEA2	1,609		1,599		1,468
Latin America	1,758		1,420		1,117
Asia Pacific	434		379		376
Total	$	8,979	$	8,402	$	7,756


Crop Protection	For the Year Ended December 31,
(In millions)	2022		2021		2020
North America1	$	3,116	$	2,532	$	2,373
EMEA2	1,647		1,524		1,374
Latin America	2,687		2,125		1,688
Asia Pacific	1,026		1,072		1,026
Total	$	8,476	$	7,253	$	6,461

1.Represents U.S. & Canada.

2.Europe, Middle East, and Africa ("EMEA").

Refer to Note 21 - Geographic Information for the breakout of consolidated net sales by geographic area.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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-Section 50
-Paragraph 12
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045

Restructuring and Related Activities [Abstract]

Restructuring and Asset Related Charges

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities Disclosure [Text Block]

RESTRUCTURING AND ASSET RELATED CHARGES - NET

2022 Restructuring Actions

In connection with the company’s shift to a global business unit model, the company assessed its business priorities and operational structure to maximize the customer experience and deliver on growth and earnings potential. As a result of this assessment, the company has committed to restructuring actions that, combined with the impact of the company’s separate announcement to withdraw from Russia (“Russia Exit”) (collectively the “2022 Restructuring Actions”), is expected to result in total net pre-tax restructuring and other charges of $350 million to $420 million comprised of $105 million to $120 million of severance and related benefit costs, $125 million to $150 million of asset related charges, $65 million to $80 million of costs related to contract terminations (including early lease terminations) and $55 million to $70 million of other charges.

Cash payments related to these charges are anticipated to be $180 million to $210 million, of which approximately $90 million has been paid through December 31, 2022, and primarily relate to the payment of severance and related benefits, contract terminations and other charges. The restructuring actions associated with these charges are expected to be substantially complete in 2023.

The total net pre-tax restructuring and other charges included $48 million associated with the Russia Exit for the year ended December 31, 2022. The Russia Exit net pre-tax restructuring charges consisted of $6 million of severance and related benefit costs, $6 million of asset related charges, and $26 million of costs related to contract terminations (including early lease terminations). Other pre-tax charges associated with the Russia Exit were recorded to cost of goods sold and other income (expense) – net in the Consolidated Statement of Operations, relating to inventory write-offs of $2 million and settlement costs of $8 million, respectively. Additional pre-tax charges up to $20 million associated with the Russia Exit are possible, primarily associated with the collectibility of government receivables. The company also recorded a pre-tax benefit of $3 million relating to the sale of seeds already under production in Russia when the decision to exit the country was made and that the company was contractually required to purchase, which consisted of $8 million of net sales and $5 million of cost of goods sold in the Consolidated Statement of Operations (“Russian Seed Sale”).

The charges related to the 2022 Restructuring Actions related to the segments, as well as corporate expenses, for the year ended December 31, 2022 were as follows:


(In millions)	For the Year Ended December 31, 2022
Seed	$	120
Crop Protection	41
Corporate expenses	111
Total1	$	272

1.This amount excludes the pre-tax charges impacting the Seed segment recorded to cost of goods sold and other income (expense) - net in the company's Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively. This amount also excludes the Russian Seed Sale, which impacted the Seed segment.

The following table is a summary of charges incurred related to 2022 Restructuring Actions for the year ended December 31, 2022:


(In millions)	For the Year Ended December 31, 2022
Severance and related benefit costs	$	111
Asset related charges	104
Contract termination charges1	57
Total restructuring and asset related charges - net2	$	272

1.Contract terminations includes early lease terminations.

2.This amount excludes the pre-tax charges impacting the Seed segment recorded to cost of goods sold and other income (expense) - net in the company's Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively. This amount also excludes the Russian Seed Sale, which impacted the Seed segment.

A reconciliation of the December 31, 2021 to the December 31, 2022 liability balances related to the 2022 Restructuring Actions is summarized below:


(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2021	$	—	$	—	$	—	$	—
Charges to income from continuing operations	111		104		57		272
Payments	(40)		—		(45)		(85)
Asset write-offs	—		(104)		—		(104)
Balance at December 31, 2022	$	71	$	—	$	12	$	83

1.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete in 2023.

2021 Restructuring Actions

During the first quarter of 2021, Corteva approved restructuring actions designed to right-size and optimize its footprint and organizational structure according to the business needs in each region with the focus on driving continued cost improvement and productivity. Through the year ended December 31, 2022, the company recorded net pre-tax restructuring charges of $160 million inception-to-date under the 2021 Restructuring Actions, consisting of $69 million of severance and related benefit costs, $45 million of asset related charges, $6 million of asset retirement obligations and $40 million of costs related to contract terminations (including early lease terminations). The company does not anticipate any additional material charges from the 2021 Restructuring Actions as actions associated with this charge were substantially complete by the end of 2021.

The charges related to the 2021 Restructuring Actions related to the segments, as well as corporate expenses, for the years ended December 31, 2022 and 2021 were as follows:


	For the Year Ended December 31,
(In millions)	2022		2021
Seed	$	(1)	$	31
Crop Protection	(1)		55
Corporate expenses	(5)		81
Total	$	(7)	$	167

The following table is a summary of charges incurred related to 2021 Restructuring Actions for the years ended December 31, 2022 and 2021:


	For the Year Ended December 31,
(In millions)	2022		2021
Severance and related benefit costs	$	(5)	$	74
Asset related charges	—		51
Contract termination charges	(2)		42
Total restructuring and asset related charges - net	$	(7)	$	167

A reconciliation of the December 31, 2021 to the December 31, 2022 liability balances related to the 2021 Restructuring Actions is summarized below:


(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination		Total
Balance at December 31, 2021	$	52	$	—	$	12	$	64
Charges to income from continuing operations	(5)		—		(2)		(7)
Payments	(37)		—		(10)		(47)
Asset write-offs	—		—		—		—
Balance at December 31, 2022	$	10	$	—	$	—	$	10

Execute to Win Productivity Program

During the first quarter of 2020, Corteva approved restructuring actions designed to improve productivity through optimizing certain operational and organizational structures primarily related to the Execute to Win Productivity Program. The company recorded net pre-tax restructuring charges of $173 million inception-to-date under the Execute to Win Productivity Program, consisting of $120 million of asset related charges and $53 million of severance and related benefit costs. Actions associated with the Execute to Win Productivity Program were substantially complete by the end of 2020.

The Execute to Win Productivity Program charges related to the segments, as well as corporate expenses for the years ended December 31, 2022, 2021, and 2020, were as follows:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Seed	$	—	$	—	$	15
Crop Protection	(4)		11		98
Corporate expenses	(8)		(2)		63
Total	$	(12)	$	9	$	176

The following table is a summary of charges incurred related to the Execute to Win Productivity Program for the years ended December 31, 2022, 2021 and 2020:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Severance and related benefit costs - net	$	(8)	$	(2)	$	63
Asset related charges	(4)		11		113
Total restructuring and asset related charges - net	$	(12)	$	9	$	176

Other Asset Related Charges

For the years ended December 31, 2022, 2021, and 2020 the company recognized $109 million, $125 million, and $159 million respectively, in restructuring and asset related charges - net in the Consolidated Statements of Operations, from non-cash accelerated prepaid royalty amortization expense related to Roundup Ready 2 Yield® and Roundup Ready 2 Xtend® herbicide tolerance traits.

Supplementary Information

12 Months Ended

Dec. 31, 2022

Supplementary Information [Abstract]

Additional Financial Information Disclosure [Text Block]

SUPPLEMENTARY INFORMATION


Other Income (Expense) - Net	For the Year Ended December 31,
(In millions)	2022		2021		2020
Interest income	$	124	$	77	$	56
Equity in earnings (losses) of affiliates - net	20		14		—
Net gain (loss) on sales of businesses and other assets1	18		21		(2)
Net exchange gains (losses)2	(229)		(54)		(174)
Non-operating pension and other post employment benefit credits (costs)3	163		1,318		368
Miscellaneous income (expenses) - net4	(156)		(28)		(36)
Other income (expense) - net	$	(60)	$	1,348	$	212

1. The years ended December 31, 2022 and 2021 include a gain of $15 million and $19 million, respectively, relating to the sale of a business in the crop protection segment. The year ended December 31, 2020 includes a loss of $(53) million and a gain of $27 million relating to the sale of the La Porte site, for which the company signed an agreement in 2020, and closed during the first quarter of 2021, and the sale of a business in Asia Pacific in the crop protection segment, respectively.

2. Includes net pre-tax exchange gains (losses) of $(110) million, $(67) million and $(82) million associated with the devaluation of the Argentine peso for the years ended December 31, 2022, 2021 and 2020, respectively.

3. Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)).

4. Includes losses from sale of receivables, tax indemnification adjustments related 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, and other items. The years ended December 31, 2022 and 2021 also includes the Employee Retention Credit of $9 million and $60 million, respectively, pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”). The year ended December 31, 2022 also includes estimated settlement reserves of $(87) million, losses associated with a previously held equity investment, legal accruals, settlement cost associated with the Russia Exit, and charges associated with the exit of a non-strategic asset. The year ended December 31, 2021 includes a charge related to a contract termination with a third-party service provider of $(54) million, a gain from the remeasurement of an equity investment of $47 million, and an officer indemnification payment.

The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the United States (U.S.), whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income (expense) - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the Consolidated Statements of Operations.


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(217)	$	(72)	$	(263)
Local tax (expenses) benefits	(10)		(30)		34
Net after-tax impact from subsidiary exchange gain (loss)	$	(227)	$	(102)	$	(229)

Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	(12)	$	18	$	89
Tax (expenses) benefits	5		(4)		(21)
Net after-tax impact from hedging program exchange gain (loss)	$	(7)	$	14	$	68

Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(229)	$	(54)	$	(174)
Tax (expenses) benefits	(5)		(34)		13
Net after-tax exchange gain (loss)	$	(234)	$	(88)	$	(161)

Cash, cash equivalents and restricted cash equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash equivalents presented in the Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash equivalents presented in the Consolidated Statements of Cash Flows. Corteva classifies restricted cash equivalents as current or noncurrent based on the nature of the restrictions, which are included in other current assets and other assets, respectively, in the Consolidated Balance Sheets.


(In millions)	December 31, 2022		December 31, 2021
Cash and cash equivalents	$	3,191	$	4,459
Restricted cash equivalents	427		377
Total cash, cash equivalents and restricted cash equivalents	$	3,618	$	4,836

Restricted cash equivalents primarily relates to a trust funded by EIDP for cash obligations under certain non-qualified benefit and deferred compensation plans due to the Merger, which was a change in control event, and contributions to escrow accounts established for the settlement of certain legal matters, which are classified as current, and the settlement of legacy PFAS matters and the associated qualified spend, which is classified as noncurrent.

Accounts payable

Accounts payable was $4,895 million and $4,126 million at December 31, 2022 and December 31, 2021, respectively. Accounts payable - trade, which is a component of accounts payable, was $3,717 million and $3,023 million at December 31, 2022 and December 31, 2021, respectively. Accrued discounts and rebates, which is a component of accounts payable, was approximately $1,030 million and $925 million at December 31, 2022 and 2021, respectively. No other components of accounts payable were more than 5 percent of total current liabilities.

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAXES

Domestic and foreign components of the income (loss) from continuing operations before income taxes and the provision for (benefit from) current and deferred tax expense (benefit) are shown below:


Geographic Allocation of Income (Loss) and Provision for (Benefit from) Income Taxes	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations before income taxes
Domestic	$	(1)	$	941	$	(83)
Foreign	1,427		1,405		758
Income (loss) from continuing operations before income taxes	$	1,426	$	2,346	$	675
Current tax expense (benefit)
Federal	$	65	$	(13)	$	28
State and local	21		6		9
Foreign	403		329		222
Total current tax expense (benefit)	$	489	$	322	$	259
Deferred tax expense (benefit)
Federal	$	(170)	$	164	$	(116)
State and local	(39)		55		27
Foreign	(70)		(17)		(251)
Total deferred tax expense (benefit)	$	(279)	$	202	$	(340)
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Net income (loss) from continuing operations after taxes	$	1,216	$	1,822	$	756

The effective income tax rate applicable to income (loss) from continuing operations before income taxes was different from the statutory U.S. federal income tax rate due to the factors listed in the following table:


Reconciliation to U.S. Statutory Rate	For the Year Ended December 31,
	2022		2021		2020
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Effective tax rates on international operations - net1	(3.5)		(2.5)		(13.9)
Acquisitions, divestitures and ownership restructuring activities2	(5.4)		(0.1)		(0.3)
U.S. research and development credit	(2.2)		(2.4)		(2.9)
Exchange gains/losses3	3.7		1.9		3.5
State and local incomes taxes - net	0.3		2.1		4.0
Impact of Swiss Tax Reform4	—		0.2		(27.0)
Excess tax benefits/deficiencies from stock compensation	(0.7)		(0.2)		1.0
Tax settlements and expiration of statute of limitations	0.1		—		0.4

Repatriation of foreign earnings5,6	1.7		1.0		1.0
Other – net5	(0.3)		1.3		1.2
Effective tax rate on income from continuing operations	14.7	%	22.3	%	(12.0)	%

1. Includes the effects of local and U.S. taxes related to earnings of non-U.S. subsidiaries, changes in the amount of unrecognized tax benefits associated with these earnings, losses at non-U.S. subsidiaries without local tax benefits due to valuation allowances, and other permanent differences between tax and U.S. GAAP results. Includes a tax benefit of $(36) million for the year ended December 31, 2022, relating to the release of a valuation allowance recorded against the net deferred tax asset position of a legal entity in Brazil. Includes a tax benefit of $(51) million for the year ended December 31, 2020, related to a return to accrual adjustment associated with an elective change in accounting method for the 2019 tax year impact of foreign tax provisions.

2. Includes net tax benefit of $(55) million for the year ended December 31, 2022, related to deferred tax assets established upon change in a U.S. entity's tax characterization, as well as a net tax benefit of $(42) million for the year ended December 31, 2022, related to worthless stock deduction on Company's investment in a subsidiary after a change in the entity's legal structure.

3. Principally reflects the impact of foreign exchange gains and losses on net monetary assets for which no corresponding tax impact is realized. Further information about the company's foreign currency hedging program is included in Note 6 - Supplementary Information, and Note 19 - Financial Instruments, under the heading Foreign Currency Risk.

4. Reflects tax benefits of $(182) million primarily driven by the recognition of an elective cantonal component of the enactment of the Federal Act on Tax Reform and AHV Financing ("Swiss Tax Reform") for the year ended December 31, 2020.

6. Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.

Significant components of the company's net deferred tax asset (liability) were attributable to:


Deferred Tax Balances at December 31,	2022				2021
(In millions)	Assets		Liabilities		Assets		Liabilities
Property	$	—	$	447	$	—	$	341
Operating loss and tax credit carryforwards1	363		—		464		—
Accrued employee benefits	680		—		904		—
Other accruals and reserves3	545		—		372		—
Intangibles	—		2,106		—		2,260
Inventory	198		—		153		—
Research and development capitalization	418		—		224		—
Investments	40		—		36		—
Unrealized exchange gains/losses	—		29		—		10
Other – net3	40		—		42		—
Subtotal	$	2,284	$	2,582	$	2,195	$	2,611
Valuation allowances2	(342)		—		(366)		—
Total	$	1,942	$	2,582	$	1,829	$	2,611
Net Deferred Tax Asset (Liability)	$	(640)			$	(782)

1. Primarily related to the realization of recorded tax benefits on tax loss and credit carryforwards from operations in the United States and Spain.

2. During the year ended December 31, 2022, the company adjusted the valuation allowances recorded against the net deferred tax asset position of various legal entities, the largest of which relates to a legal entity in Brazil that resulted in a tax benefit of $(36) million.

3. Prior year amounts in "other accruals and reserves" and "other – net" have been reclassified from their previous presentation to conform to the current year's presentation. Adjustments did not impact the amount of the net deferred tax asset (liability) recorded in the Consolidated Balance Sheets.

Details of the company’s operating loss and tax credit carryforwards are shown in the following table:


Operating Loss and Tax Credit Carryforwards	Deferred Tax Asset
(In millions)	2022		2021
Operating loss carryforwards
Expire within 5 years	$	127	$	123
Expire after 5 years or indefinite expiration	158		210
Total operating loss carryforwards	$	285	$	333
Tax credit carryforwards
Expire within 5 years	$	15	$	14
Expire after 5 years or indefinite expiration	63		117
Total tax credit carryforwards	$	78	$	131
Total Operating Loss and Tax Credit Carryforwards	$	363	$	464

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:


Total Gross Unrecognized Tax Benefits	For the Year Ended December 31,
(In millions)	2022		2021		2020
Total unrecognized tax benefits as of beginning of period	$	377	$	395	$	426
Decreases related to positions taken on items from prior years	(3)		(7)		(14)
Increases related to positions taken on items from prior years	4		13		5
Increases related to positions taken in the current year	11		9		6
Settlement of uncertain tax positions with tax authorities	(24)		(17)		(18)
Decreases due to expiration of statutes of limitations	(5)		(16)		(7)
Exchange (gain) loss	(3)		—		(3)
Total unrecognized tax benefits as of end of period	$	357	$	377	$	395
Total unrecognized tax benefits that, if recognized, would impact the effective tax rate	$	139	$	157	$	156
Total amount of interest and penalties (benefits) recognized in provision for (benefit from) income taxes on continuing operations	$	1	$	1	$	(2)
Total accrual for interest and penalties associated with unrecognized tax benefits at end of period	$	13	$	11	$	18

Each year the company files hundreds of tax returns in the various national, state and local income taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the tax authorities. Positions challenged by the tax authorities may be settled or appealed by the company. As a result, there is an uncertainty in income taxes recognized in the company's financial statements in accordance with accounting for income taxes and accounting for uncertainty in income taxes. It is reasonably possible that changes to the company’s global unrecognized tax benefits could be significant; however, due to the uncertainty regarding the timing of completion of audits and possible outcomes, a current estimate of the range of increases or decreases that may occur within the next twelve months cannot be made. As of December 31, 2022, the company has made advance deposits of approximately $90 million to a foreign taxing authority, partially as a prerequisite to petition the court related to an open tax examination. These payments are accounted for as a prepaid asset, included in other assets in the Consolidated Balance Sheets.

Tax years that remain subject to examination for the company’s major tax jurisdictions are shown below:


Tax Years Subject to Examination by Major Tax Jurisdiction at December 31, 2022			Earliest Open Year
Jurisdiction
Argentina			2016
Brazil			2015
Canada			2012
China			2014
France			2019
India			2020
Italy			2017
Switzerland			2016
United States:
Federal income tax			2012
State and local income tax			2008

Undistributed earnings of foreign subsidiaries and related companies that are deemed to be indefinitely invested amounted to $3,810 million at December 31, 2022. Distributions of profits from non-U.S. subsidiaries are subject to certain taxes upon repatriation, primarily where foreign withholding taxes apply; these taxes are partially offset by U.S. foreign tax credits. The company is asserting indefinite reinvestment related to certain investments in foreign subsidiaries. Determination of the amount of unrecognized deferred tax liability related to indefinitely reinvested profits is not feasible primarily due to our legal entity structure and the complexity of U.S. and local tax laws.

For periods between the Merger on August 31, 2017, and the Corteva Distribution, Corteva and its subsidiaries were included in DowDuPont's consolidated federal income tax group and consolidated tax return. Generally, the consolidated tax liability of the DowDuPont U.S. tax group for each year was apportioned among the members of the consolidated group based on each member’s separate taxable income. Corteva, DuPont and Dow intend that to the extent federal and/or state corporate income tax

liabilities are reduced through the utilization of tax attributes of the other, settlement of any receivable and payable generated from the use of the other party’s sub-group attributes will be in accordance with a tax sharing agreement and/or Tax Matters Agreement. See Note 15 - Commitments and Contingent Liabilities, to the Consolidated Financial Statements for further information related to indemnifications between Corteva, DuPont and Dow.

On August 16, 2022, the U.S. federal government enacted the Inflation Reduction Act of 2022 (“the Act”). The Act includes tax provisions, among other things, which implements (i) a 15 percent minimum tax on book income of certain large corporations; (ii) a one percent excise tax on net stock repurchases; and (iii) several tax incentives to promote clean energy. The company does not expect the Act to have a material impact on the company’s financial position, results of operations or cash flows.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Earnings Per Share [Text Block]

Earnings Per Share of Common Stock (Notes)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE OF COMMON STOCK

The following tables provide earnings per share calculations for the periods indicated below:


Net Income (Loss) for Earnings Per Share Calculations - Basic and Diluted	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,216	$	1,822	$	756
Net income (loss) attributable to continuing operations noncontrolling interests	11		10		20

Income (loss) from continuing operations attributable to Corteva common stockholders	1,205		1,812		736


(Loss) income from discontinued operations attributable to Corteva common stockholders	(58)		(53)		(55)
Net income (loss) attributable to common stockholders	$	1,147	$	1,759	$	681


Earnings (Loss) Per Share Calculations - Basic	For the Year Ended December 31,
(Dollars per share)	2022		2021		2020
Earnings (loss) per share of common stock from continuing operations	$	1.67	$	2.46	$	0.98
(Loss) earnings per share of common stock from discontinued operations	(0.08)		(0.07)		(0.07)
Earnings (loss) per share of common stock	$	1.59	$	2.39	$	0.91


Earnings (Loss) Per Share Calculations - Diluted	For the Year Ended December 31,
(Dollars per share)	2022		2021		2020
Earnings (loss) per share of common stock from continuing operations	$	1.66	$	2.44	$	0.98
(Loss) earnings per share of common stock from discontinued operations	(0.08)		(0.07)		(0.07)
Earnings (loss) per share of common stock	$	1.58	$	2.37	$	0.91


Share Count Information	For the Year Ended December 31,
(Shares in millions)	2022	2021	2020
Weighted-average common shares - basic	720.8	735.9	748.7
Plus dilutive effect of equity compensation plans1	3.7	5.7	2.5

Weighted-average common shares - diluted	724.5	741.6	751.2
Potential shares of common stock excluded from EPS calculations2	1.5	2.8	9.4

1.Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.

2.These outstanding potential shares of common stock relating to stock options, restricted stock units and performance-based restricted stock units were excluded from the calculation of diluted earnings (loss) per share because (i) the effect of including stock options and restricted stock units would have been anti-dilutive; and (ii) the performance metrics have not yet been achieved for the outstanding potential shares relating to performance-based restricted stock units, which are deemed to be contingently issuable.

Accounts and Notes Receivable, Net

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Accounts and Notes Receivables, Net

ACCOUNTS AND NOTES RECEIVABLE - NET


(In millions)	December 31, 2022		December 31, 2021
Accounts receivable – trade1	$	4,168	$	3,441
Notes receivable – trade1,2	93		120
Other3	1,440		1,250
Total accounts and notes receivable - net	$	5,701	$	4,811

1.Accounts receivable – trade and notes receivable – trade are net of allowances of $194 million and $210 million at December 31, 2022 and December 31, 2021, respectively.

2.Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and crop protection products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid pre-approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of December 31, 2022 and 2021, there were no significant impairments related to current loan agreements

3.Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 5 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $148 million and $104 million as of December 31, 2022 and 2021, respectively.

Accounts and notes receivable are carried at the expected amount to be collected, which approximates fair value. The company establishes the allowance for doubtful receivables using a loss-rate method where the loss rate is developed using past events, historical experience, current conditions and forecasts that affect the collectability of the financial assets.

The following table summarizes changes in the allowance for doubtful receivables for the years ended December 31, 2022 and 2021 respectively:


(In millions)
Balance at December 31, 2020	$	208
Net provision for credit losses	1
Write-offs charged against allowance / other	1
Balance at December 31, 2021	$	210
Net provision for credit losses	(13)
Write-offs charged against allowance / other	(3)
Balance at December 31, 2022	$	194

The company enters into various factoring agreements with third-party financial institutions to sell its trade receivables under both recourse and non-recourse agreements in exchange for cash proceeds. These financing arrangements result in a transfer of the company's receivables and risks to the third-party. As these transfers qualify as true sales under the applicable accounting guidance, the receivables are derecognized from the Consolidated Balance Sheets upon transfer, and the company receives a payment for the receivables from the third-party within a mutually agreed upon time period. For arrangements involving an element of recourse, which is typically provided through a guarantee of accounts in the event of customer default, the guarantee obligation is measured using market data from similar transactions and reported as a current liability in the Consolidated Balance Sheets.

Trade receivables sold under these agreements were $134 million, $272 million, and $255 million for the years ended December 31, 2022, 2021 and 2020, respectively. The trade receivables sold that remained outstanding under these agreements which include an element of recourse as of December 31, 2022 and 2021 were $37 million and $166 million, respectively. The net proceeds received were included in cash provided by (used for) operating activities in the Consolidated Statements of Cash Flows. The difference between the carrying amount of the trade receivables sold and the sum of the cash received is recorded as a loss on sale of receivables in other income (expense) - net in the Consolidated Statements of Operations. The loss on sale of receivables were $19 million, $54 million, and $55 million for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 15 - Commitments and Contingent Liabilities, to the Consolidated Financial Statements, for additional information on the company’s guarantees.

Inventories

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

INVENTORIES


(In millions)	December 31, 2022		December 31, 2021
Finished products	$	3,260	$	2,497
Semi-finished products	2,689		2,076
Raw materials and supplies	862		607
Total inventories	$	6,811	$	5,180

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

PROPERTY, PLANT AND EQUIPMENT


(In millions)	December 31, 2022		December 31, 2021
Land and land improvements	$	416	$	420
Buildings	1,541		1,487
Machinery and equipment	6,077		5,729
Construction in progress	517		728
Total property, plant and equipment	8,551		8,364
Accumulated depreciation	(4,297)		(4,035)
Total property, plant and equipment - net	$	4,254	$	4,329

Buildings, machinery and equipment and land improvements are depreciated over useful lives on a straight-line basis ranging from 2 to 25 years. Capitalizable costs associated with computer software for internal use are amortized on a straight-line basis over 2 to 7 years.


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Depreciation expense	$	521	$	521	$	495

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table summarizes changes in the carrying amount of goodwill by segment for the years ended December 31, 2022 and 2021, respectively.


(In millions)	Crop Protection		Seed		Total



Balance as of December 31, 2020	$	4,745	$	5,524	$	10,269
Currency translation adjustment	(73)		(87)		(160)
Other goodwill adjustments1	—		(2)		(2)
Balance as of December 31, 2021	$	4,672	$	5,435	$	10,107
Currency translation adjustment	(63)		(72)		(135)
Other goodwill adjustments2	9		(19)		(10)
Balance as of December 31, 2022	$	4,618	$	5,344	$	9,962

1.Consists of the goodwill included in the sale of a business in the seed segment.

2.Consists primarily of the goodwill included in the sale of a business in the crop protection segment and the reassignment of former digital reporting unit goodwill from the seed to the crop protection segment.

The company tests goodwill and other indefinite-lived intangible assets for impairment annually (during the fourth quarter), or more frequently when events or changes in circumstances indicate it is more likely than not that the fair value of a reporting unit has declined below its carrying value. Goodwill is evaluated for impairment using qualitative and / or quantitative testing procedures. The company performs goodwill impairment testing at the reporting unit level which is defined as the operating segment or one level below the operating segment. One level below the operating segment, or component, is a business in which discrete financial information is available and regularly reviewed by segment management. The company aggregates certain components into reporting units based on economic similarities.

In April 2022, the company implemented a global business unit organization model ("BU Reorganization"). The BU Reorganization did not have a material impact to the company’s historical reportable segments’ financial measures and had no impact on our determination of operating segments. However, it did result in the company’s digital reporting unit being merged into the seed and crop protection reporting units with the goodwill relating to the former digital reporting unit being reassigned to the seed and crop protection reporting units using a relative fair value allocation approach. As a result of the BU Reorganization, the company determined that a triggering event had occurred during the second quarter of 2022 that required an interim impairment assessment as of April 1, 2022. The interim impairment assessment was performed for the seed, crop protection, and the former digital reporting units immediately prior to the BU Reorganization and for the seed and crop protection reporting units immediately after the BU Reorganization resulting in no goodwill impairment charges.

The company performed annual quantitative testing on all of its reporting units and determined that no goodwill impairments existed in 2022 and 2021. As of December 31, 2022, accumulated impairment losses on goodwill were $4,503 million.

Other Intangible Assets

The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows:


(In millions)	December 31, 2022						December 31, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm	$	6,291	$	(826)	$	5,465	$	6,265	$	(571)	$	5,694
Customer-related	1,912		(585)		1,327		1,953		(487)		1,466
Developed technology	1,485		(830)		655		1,485		(679)		806
Trademarks/trade names	2,009		(251)		1,758		2,012		(172)		1,840
Favorable supply contracts1							475		(396)		79
Other2	395		(271)		124		405		(256)		149
Total other intangible assets with finite lives	12,092		(2,763)		9,329		12,595		(2,561)		10,034

Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10
Total other intangible assets	10		—		10		10		—		10
Total	$	12,102	$	(2,763)	$	9,339	$	12,605	$	(2,561)	$	10,044

1.Effective November 1, 2022, the favorable supply contracts expired and were fully amortized.

2.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

The aggregate pre-tax amortization expense from continuing operations for definite-lived intangible assets was $702 million, $722 million, and $682 million, for the year ended December 31, 2022, December 31, 2021, and December 31, 2020, respectively.

Total estimated amortization expense for the next five fiscal years is as follows:


(In millions)
2023	$	619
2024	$	605
2025	$	567
2026	$	557
2027	$	497

Leases (Notes)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

LEASES

The company has operating and finance leases for real estate, transportation, certain machinery and equipment, and information technology assets. The company’s leases have remaining lease terms of approximately 1 to 40 years. For purposes of calculating operating lease liabilities, lease terms may be deemed to include options to extend the lease when it is reasonably certain that the company will exercise that option. Some leasing arrangements require variable payments that are dependent on usage, output, or may vary for other reasons, such as insurance and tax payments. The variable lease payments are not presented as part of the initial ROU asset or lease liability.

Certain of the company's leases include residual value guarantees. These residual value guarantees are based on a percentage of the lessor's asset acquisition price and the amount of such guarantee declines over the course of the lease term. The portion of residual value guarantees that are probable of payment are included in the related lease liability. At December 31, 2022, the company has future maximum payments for residual value guarantees in operating leases of $219 million with final expirations through 2032. The company's lease agreements do not contain any material restrictive covenants.

The components of lease cost for the years ended December 31, 2022, 2021 and 2020 were as follows:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Operating lease cost	$	152	$	158	$	197
Finance lease cost
Amortization of right-of-use assets	1		1		2

Total finance lease cost	1		1		2
Short-term lease cost	18		14		14
Variable lease cost	8		8		7

Total lease cost	$	179	$	181	$	220

Supplemental cash flow information related to leases for the years ended December 31, 2022, 2021 and 2020 was as follows:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	155	$	169	$	202

Financing cash outflows from finance leases	$	1	$	1	$	1

New leases entered into during the years ended December 31, 2022 and 2021 were not material, on an individual basis. Supplemental balance sheet information related to leases is as follows:


(In millions)	December 31, 2022		December 31, 2021
Operating Leases
Operating lease right-of-use assets1	$	460	$	458
Current operating lease liabilities2	119		121
Noncurrent operating lease liabilities3	331		338
Total operating lease liabilities	$	450	$	459

Finance Leases
Property, plant, and equipment, gross	$	14	$	15
Accumulated depreciation	(11)		(11)
Property, plant, and equipment, net	3		4
Short-term borrowings and finance lease obligations	1		1
Long-Term Debt	2		3
Total finance lease liabilities	$	3	$	4

1.Included in other assets in the Consolidated Balance Sheet.

2.Included in accrued and other current liabilities in the Consolidated Balance Sheet.

3.Included in other noncurrent obligations in the Consolidated Balance Sheet.

The company utilizes the incremental borrowing rate in determining the present value of lease payments unless the implicit rate is readily determinable.


Lease Term and Discount Rate	December 31, 2022		December 31, 2021
Weighted-average remaining lease term (years)
Operating leases	7.19		7.41
Financing leases	2.36		3.36
Weighted average discount rate
Operating leases	3.14	%	2.75	%
Financing leases	3.29	%	3.29	%

Maturities of lease liabilities are as follows:


Maturity of Lease Liabilities at December 31, 2022	Operating Leases		Financing Leases
(In millions)
2023	$	130	$	1
2024	95		1
2025	79		1
2026	65		—
2027	37		—
2028 and thereafter	98		—
Total lease payments	504		3
Less: Interest	54		—
Present value of lease liabilities	$	450	$	3

Long-Term Debt and Available Credit Facilities

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES


Long-Term Debt
	December 31, 2022				December 31, 2021
(In millions)	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures:
Maturing in 2025	$	500	1.70	%	$	500	1.70	%
Maturing in 2030	500		2.30	%	500		2.30	%
Other loans:
Foreign currency loans, various rates and maturities	181		14.80	%	1		6.82	%
Medium-term notes, varying maturities through 2041	107		4.27	%	107		—	%
Finance lease obligations	2				3
Less: Unamortized debt discount and issuance costs	7				10
Less: Long-term debt due within one year	—				1
Total	$	1,283			$	1,100

Principal payments of long-term debt are $181 million and $500 million for debt maturing in 2024 and 2025, respectively.

The estimated fair value of the company's long-term borrowings, was determined using Level 2 inputs within the fair value hierarchy, as described in Note 2 - Summary of Significant Accounting Policies. Based on quoted market prices for the same or similar issues, or on current rates offered to the company for debt of the same remaining maturities, the fair value of the company's long-term borrowings, not including long-term debt due within one year, was $1,172 million and $1,120 million at December 31, 2022 and 2021, respectively.

Foreign Currency Loans

The company enters into short-term and long-term foreign currency loans from time-to-time by accessing uncommitted revolving credit lines to fund working capital needs of foreign subsidiaries in the normal course of business ("Foreign Currency Loans"). Interest rates are variable and determined at the time of borrowing. Total unused bank credit lines on the Foreign Currency Loans at December 31, 2022 was approximately $75 million. The company's long-term Foreign Currency Loans have varying maturities through 2024.

Available Committed Credit Facilities

The following table summarizes the company's credit facilities:

Committed and Available Credit Facilities at December 31, 2022

(In millions)

Effective Date

Committed Credit

Credit Available

Maturity Date

Interest

Revolving Credit Facility

May 2022

3,000

May 2027

Floating Rate

Revolving Credit Facility

May 2022

2,000

May 2025

Floating Rate

364-Day Revolving Credit Facility

May 2022

500

May 2023

Floating Rate

Total Committed and Available Credit Facilities

5,500

Revolving Credit Facilities

In November 2018, EIDP entered into a $3 billion, 5 year revolving credit facility and a $3 billion, 3-year revolving credit facility (the "Revolving Credit Facilities”). The Revolving Credit Facilities became effective May 2019. Corteva, Inc. became a party at the time of the Corteva Distribution. In May 2021, the company entered into an amendment that extended the maturity date of the 3-year revolving credit facility from May 2022 to May 2023. Other than the change in maturity date, there were no material modifications to the terms of the credit facility. During May 2022, the Revolving Credit Facilities were refinanced for purposes of extending the maturity dates to 2027 and 2025 for the 5-year and 3-year Revolving Credit Facilities, respectively, lowering the facility amount of the 3-year revolving credit facility to $2 billion and transitioning the interest rate to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The Revolving Credit Facilities may serve as a substitute to the company's commercial paper program, and can be used from time to time, for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The Revolving Credit Facilities contain customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the Revolving Credit Facilities contain a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At December 31, 2022, the company was in compliance with these covenants.

364-Day Revolving Credit Facility

In May 2022, the company entered into a $500 million, 364-day revolving credit agreement (the “364-Day Revolving Credit Facility”) expiring in May 2023. Borrowings under the 364-Day Revolving Credit Facility will have an interest rate equal to Adjusted Term SOFR, which is Term SOFR plus 0.10 percent, plus the applicable margin. The 364-Day Revolving Credit Facility includes a provision under which the company may convert any advances outstanding prior to the maturity date into term loans having a maturity date up to one year later. The 364-Day Revolving Credit Facility will be used for general corporate purposes including, but not limited to, the funding of seasonal working capital needs. The 364-Day Revolving Credit Facility contains customary representations and warranties, affirmative and negative covenants and events of default that are typical for companies with similar credit ratings. Additionally, the 364-Day Revolving Credit Facility contains a financial covenant requiring that the ratio of total indebtedness to total capitalization for Corteva and its consolidated subsidiaries not exceed 0.60. At December 31, 2022, the company was in compliance with these covenants. In January 2023, the company amended and restated the 364-Day Revolving Credit Facility agreement to increase the facility amount to $1 billion and extend the expiration date from May 2023 to January 2024.

Uncommitted Credit Facilities and Outstanding Letters of Credit

Unused bank credit lines on uncommitted credit facilities were $485 million at December 31, 2022. These lines are available to support short-term liquidity needs and general corporate purposes, including letters of credit. Outstanding letters of credit were $143 million at December 31, 2022. These letters of credit support commitments made in the ordinary course of business.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Stockholders' Equity Note Disclosure [Text Block]

Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

STOCKHOLDERS' EQUITY

Common Stock

Set forth below is a reconciliation of common stock share activity for the years ended December 31, 2022, 2021, and 2020:


Shares of common stock			Issued
Balance December 31, 2019			748,577,000
Issued			3,384,000
Repurchased and retired			(8,503,000)
Balance December 31, 2020			743,458,000
Issued			4,019,000
Repurchased and retired			(20,950,000)
Balance December 31, 2021			726,527,000
Issued			4,317,000
Repurchased and retired			(17,425,000)
Balance December 31, 2022			713,419,000

Share Buyback Plan

On September 13, 2022, Corteva, Inc. announced that its Board of Directors authorized a $2 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2022 Share Buyback Plan").

On August 5, 2021, Corteva, Inc. announced that its Board of Directors authorized a $1.5 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2021 Share Buyback Plan"). In connection with the 2021 Share Buyback Plan, the company purchased and retired 17,425,000 shares and 5,572,000 shares in the open market for a total cost of $1 billion and $250 million during the years ended December 31, 2022 and 2021, respectively.

On June 26, 2019, Corteva, Inc. announced that its Board of Directors authorized a $1 billion share repurchase program to purchase Corteva, Inc.'s common stock, par value $0.01 per share, without an expiration date ("2019 Share Buyback Plan"). The company completed the 2019 Share Buyback Plan during the third quarter of 2021 and repurchased and retired 24,705,000 shares between the years ended December 31, 2019 and 2021 in the open market.

The timing, price and volume of purchases in connection with the 2022 and 2021 Share Buyback Plans will be based on market conditions, relevant securities laws and other factors.

Shares repurchased pursuant to Corteva's share buyback plan are immediately retired upon repurchase. Repurchased common stock is reflected as a reduction of stockholders' equity. The company's accounting policy related to its share repurchases is to reduce its common stock based on the par value of the shares and to reduce its retained earnings for the excess of the repurchase price over the par value. When Corteva has an accumulated deficit balance, the excess over the par value is applied to APIC. When Corteva has retained earnings, the excess is charged entirely to retained earnings.

Noncontrolling Interest

In June 2020, the company completed the acquisition of the remaining 46.5 percent interest in the Phytogen Seed Company, LLC joint venture from J. G. Boswell Company. As the purchase of the remaining interest did not result in a change of control, the difference between the carrying value of the noncontrolling interest and the consideration paid, net of taxes was recorded within equity.

Corteva, Inc. owns 100 percent of the outstanding common shares of EIDP. However, EIDP has preferred stock outstanding to third parties which is accounted for as a noncontrolling interest in Corteva's Consolidated Balance Sheets. Each share of EIDP Preferred Stock - $4.50 Series and EIDP Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EIDP and was unaffected by the Corteva Distribution.

Below is a summary of the EIDP Preferred Stock at December 31, 2022 and December 31, 2021 which is classified as noncontrolling interests in the Corteva Consolidated Balance Sheets.


(Shares in thousands)			Number of Shares
Authorized			23,000
$4.50 Series, callable at $120			1,673
$3.50 Series, callable at $102			700

Other Comprehensive Income (Loss)

The changes and after-tax balances of components comprising accumulated other comprehensive income (loss) are summarized below:


(In millions)	Cumulative Translation Adjustment1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments		Total
2020
Balance January 1, 2020	$	(1,944)	$	2	$	(1,247)	$	(81)	$	—	$	(3,270)
Other comprehensive income (loss) before reclassifications	(26)		(81)		(191)		670		(10)		362
Amounts reclassified from accumulated other comprehensive income (loss)	—		12		5		1		—		18
Net other comprehensive income (loss)	(26)		(69)		(186)		671		(10)		380
Balance December 31, 2020	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)
2021
Other comprehensive income (loss) before reclassifications	$	(573)	$	143	$	996	$	25	$	3	$	594
Amounts reclassified from accumulated other comprehensive income (loss)	—		(4)		41		(646)		7		(602)
Net other comprehensive income (loss)	(573)		139		1,037		(621)		10		(8)

Balance December 31, 2021	$	(2,543)	$	72	$	(396)	$	(31)	$	—	$	(2,898)
2022
Other comprehensive income (loss) before reclassifications	$	(340)	$	63	$	213	$	190	$	—	$	126
Amounts reclassified from accumulated other comprehensive income (loss)	—		(55)		20		1		—		(34)
Net other comprehensive income (loss)	(340)		8		233		191		—		92
Balance December 31, 2022	$	(2,883)	$	80	$	(163)	$	160	$	—	$	(2,806)

1.The cumulative translation adjustment losses for the year ended December 31, 2022 was primarily driven by the strengthening of the U.S. Dollar (“USD”) against the European Euro ("EUR"), Indian Rupee (“INR”), South African Rand (“ZAR”) and Philippine Peso (“PHP”). The cumulative translation adjustment losses for the year ended December 31, 2021 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the European Euro ("EUR"), Swiss franc ("CHF") and Turkish Lira (“TRY”).

The tax (expense) benefit on the net activity related to each component of other comprehensive income (loss) was as follows:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Derivative instruments	$	3	$	(41)	$	24
Pension benefit plans - net	(68)		(319)		54
Other benefit plans - net	(56)		188		(211)

(Provision for) benefit from income taxes related to other comprehensive income (loss) items	$	(121)	$	(172)	$	(133)

A summary of the reclassifications out of accumulated other comprehensive income (loss) is provided as follows:


(In millions)	For the Year Ended December 31,
	2022		2021		2020
Derivative Instruments1:	$	(63)	$	(13)	$	18
Tax (benefit) expense2	8		9		(6)
After-tax	$	(55)	$	(4)	$	12
Amortization of pension benefit plans:
Prior service (benefit) cost3,4	$	(3)	$	(2)	$	(1)
Actuarial (gains) losses3,4	3		55		4

Settlement (gain) loss3,4	25		1		3
Total before tax	25		54		6
Tax (benefit) expense2	(5)		(13)		(1)
After-tax	$	20	$	41	$	5
Amortization of other benefit plans:
Prior service (benefit) cost3,4	$	(1)	$	(922)	$	—
Actuarial (gains) losses3,4	2		81		1
Curtailment (gain) loss	—		(1)		—

Total before tax	1		(842)		1
Tax (benefit) expense2	—		196		—
After-tax	$	1	$	(646)	$	1
Unrealized (Gain) Loss on Investments4	$	—	$	7	$	—
Tax (benefit) expense2	—		—		—
After-tax	$	—	$	7	$	—
Total reclassifications for the period, after-tax	$	(34)	$	(602)	$	18

1.Reflected in cost of goods sold in the Consolidated Statements of Operations.

2.Reflected in provision for (benefit from) income taxes from continuing operations in the Consolidated Statements of Operations.

3.These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 17 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information.

4.Reflected in other income (expense) - net in the Consolidated Statements of Operations.

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Pension and Other Postretirement Benefits Disclosure [Text Block]

Pension Plans and Other Post Employment Benefit Plans

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

PENSION PLANS AND OTHER POST EMPLOYMENT BENEFITS

The company offers various long-term benefits to its employees. Where permitted by applicable law, the company reserves the right to change, modify or discontinue the plans.

Defined Benefit Pension Plans

The company has both funded and unfunded noncontributory defined benefit pension plans covering a majority of the U.S. employees and employees in a number of other countries. The principal U.S. pension plan is the largest pension plan held by Corteva. Effective January 1, 2007, a majority of new hires are not eligible to participate in the U.S. defined benefit pension plans. The company froze the pay and service amounts used to calculate the pension benefits for active employees who participate in these plans on November 30, 2018, resulting in the participants no longer accruing additional benefits.

The company's funding policy is consistent with the funding requirements of federal laws and regulations. Pension coverage for employees of the company's non-U.S. consolidated subsidiaries is provided, to the extent deemed appropriate, through separate plans. Obligations under such plans are funded by depositing funds with trustees, covered by insurance contracts, or remain unfunded.

The company made total contributions of $60 million, $49 million, and $62 million to its pension plans other than the principal U.S. pension plan for the years ended December 31, 2022, 2021 and 2020, respectively. Corteva expects to contribute approximately $50 million to its pension plans other than the principal U.S. pension plan in 2023. The company does not anticipate making contributions to its principal U.S pension plan in 2023.

In August 2022, the company transferred approximately $1.1 billion of certain benefit obligations and associated plan assets in the principal U.S. pension plan (the “Plan”) to an insurance company through the purchase of a nonparticipating group annuity contract (“Annuity Purchase”). The company recorded a non-cash, pre-tax settlement charge of approximately $25 million in other income (expense) – net in the Consolidated Statements of Operations for the year ended December 31, 2022 and corresponding adjustment to accumulated other comprehensive income (loss) in the Consolidated Balance Sheets at December 31, 2022 due to the Annuity Purchase. The Annuity Purchase resulted in a remeasurement of the Plan as of August 31, 2022 and the company updated the weighted average discount rate used in developing the 2022 net periodic pension (credit) costs at December 31, 2021 from 2.82 percent to 4.60 percent. Due to the remeasurement, the company recorded a pre-tax actuarial gain of approximately $110 million to accumulated other comprehensive income (loss) in the Consolidated Balance Sheets at December 31, 2022.

The weighted-average assumptions used to determine pension plan obligations for all pension plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Benefit Obligations	December 31, 2022		December 31, 2021
Discount rate	5.17	%	2.82	%
Rate of increase in future compensation levels1	2.83	%	2.55	%

1.The rate of compensation increase excludes U.S. pension plans since the employees who participate in the U.S. pension plans no longer accrue additional benefits for future service and eligible compensation.

The weighted-average assumptions used to determine net periodic benefit costs for all pension plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Net Periodic Benefit Cost	For the Year Ended December 31,
	2022		2021		2020
Discount rate	3.33	%	2.44	%	3.19	%
Rate of increase in future compensation levels1	2.55	%	2.54	%	2.60	%
Expected long-term rate of return on plan assets	4.51	%	5.73	%	6.25	%

Other Post Employment Benefits

The company has historically provided medical, dental and life insurance benefits to certain pensioners and survivors. The majority of U.S. employees hired on or after January 1, 2007, and eligible employees under the age of 50 as of November 30, 2018, are not eligible to participate in the post-employment medical, dental and life insurance plans. Substantially all of the cost and liabilities for these retiree benefit plans are attributable to the U.S. benefit plans. The non-Medicare eligible retiree medical plan is contributory with costs shared between the company and pensioners and survivors. For Medicare eligible pensioners and

survivors, Corteva provides a company-funded Health Reimbursement Arrangement ("HRA"). In December 2020, the company amended its retiree medical, dental and life insurance plans resulting in the company no longer providing retiree dental and life insurance benefits effective January 1, 2022 and Corteva’s portion of the cost of non-Medicare retiree medical coverage no longer being adjusted for cost increases, which capped the Corteva cost at the level in effect as of December 31, 2021 ("2020 OPEB Plan Amendments"). As a result of these changes, the company recorded a $939 million decrease in other post employment benefits ("OPEB") benefit obligations as of December 31, 2020 with a corresponding prior service benefit within other comprehensive income for the year ended December 31, 2020. During 2021, a substantial amount of the prior service benefit within other comprehensive income (loss) in 2020 was recognized in other income (expense) - net in the Consolidated Statement of Operations.

The company also provides disability benefits to employees. Employee disability benefit plans are insured in many countries. Such plans are generally self-insured, primarily in the U.S. Obligations and expenses for self-insured plans are reflected in the change in projected benefit obligations table on page F-48.

The company's OPEB plans are unfunded and the cost of the approved claims is paid from operating cash flows. Pre-tax cash requirements to cover actual net claims costs and related administrative expenses were $122 million, $198 million, and $207 million for the years ended December 31, 2022, 2021 and 2020, respectively. Changes in cash requirements reflect the net impact of per capita health care costs, demographic changes, plan amendments and changes in participant premiums, co-pays and deductibles. In 2023, the company expects to contribute approximately $135 million for its OPEB plans.

The weighted-average assumptions used to determine benefit obligations for OPEB plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Benefit Obligations	December 31, 2022		December 31, 2021
Discount rate	5.09	%	2.59	%

The weighted-average assumptions used to determine net periodic benefit costs for the OPEB plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Net Periodic Benefit Cost	For the Year Ended December 31,
	2022		2021		2020
Discount rate	2.59	%	2.09	%	3.07	%

As of December 31, 2022 and 2021, health care cost trend rates do not impact the benefit obligations for the OPEB plans because of the 2020 OPEB Plan Amendments. For the year ended December 31, 2020, the health care cost trend rate was assumed to be 7.0 percent for next year.

Assumptions

Within the U.S., the company determines the expected long-term rate of return on plan assets by performing a detailed analysis of key economic and market factors driving historical returns for each asset class and formulating a projected return based on factors in the current environment. Factors considered include, but are not limited to, inflation, real economic growth, interest rate yield, interest rate spreads, and other valuation measures and market metrics. The expected long-term rate of return for each asset class is then weighted based on the strategic asset allocation approved by the governing body for the plan. The company's historical experience with the pension fund asset performance is also considered. For non-U.S. plans, assumptions reflect economic assumptions applicable to each country.

In the U.S., Corteva calculates service costs and interest costs by applying individual spot rates from a yield curve (based on high-quality corporate bond yields) to the separate expected cash flows components of service cost and interest cost. Service cost and interest cost for all other plans are determined on the basis of the single equivalent discount rates derived in determining those plan obligations.

The discount rates utilized to measure the pension and other post employment benefit obligations are based on the yield of high-quality corporate fixed income investments at the measurement date. Future expected actuarially determined cash flows are individually discounted at the spot rates under the Aon AA_Above Median yield curve (based on high-quality corporate bond yields) to arrive at the plan’s obligations as of the measurement date. For non-U.S. benefit plans, historically the company utilized prevailing long-term high quality corporate bond indices to determine the discount rate, applicable to each country, at the measurement date.

The company adopts the most recently published mortality tables and mortality improvement scale released by the Society of Actuaries in measuring its U.S. pension and other post employment benefit obligations. The effect of these adoptions is amortized into net periodic benefit cost for the years following the adoption.

Summarized information on the company's pension and other post employment benefit plans is as follows:


Change in Projected Benefit Obligations, Plan Assets and Funded Status
	Defined Benefit Pension Plans				Other Post Employment Benefits
(In millions)	For the Year Ended December 31,				For the Year Ended December 31,
	2022		2021		2022		2021
Change in benefit obligations:
Benefit obligation at beginning of the period	$	19,775	$	21,682	$	1,362	$	1,571
Service cost	20		25		1		1
Interest cost	505		364		26		21
Plan participants' contributions	1		3		20		35
Actuarial (gain) loss	(3,759)		(524)		(246)		(33)
Benefits paid	(1,460)		(1,490)		(142)		(233)

Plan amendments	—		(15)		—		—
Other1	(1,080)		(240)		—		—
Effect of foreign exchange rates	(20)		(30)		—		—

Benefit obligations at end of the period	$	13,982	$	19,775	$	1,021	$	1,362

Change in plan assets:
Fair value of plan assets at beginning of the period	$	17,827	$	17,835	$	—	$	—
Actual return on plan assets	(2,765)		1,685		—		—
Employer contributions	60		49		122		198
Plan participants' contributions	1		3		20		35
Benefits paid	(1,460)		(1,490)		(142)		(233)

Other1	(1,080)		(240)		—		—
Effect of foreign exchange rates	1		(15)		—		—

Fair value of plan assets at end of the period	$	12,584	$	17,827	$	—	$	—
Funded status
U.S. plan with plan assets	$	(1,050)	$	(1,471)	$	—	$	—
Non-U.S. plans with plan assets	(30)		(62)		—		—
All other plans 2,3	(318)		(415)		(1,021)		(1,362)
Funded status at end of the period	$	(1,398)	$	(1,948)	$	(1,021)	$	(1,362)

1.Relates to transfers of certain benefit obligations and related assets associated with the principal U.S. pension plan to an insurance company through the purchase of nonparticipating group annuity contracts.

2.As of December 31, 2022 and 2021, $182 million and $219 million, respectively, of the benefit obligations are supported by funding under the Trust agreement, defined in the "Trust Assets" section below.

3.Includes pension plans maintained around the world where funding is not customary.


	Defined Benefit Pension Plans				Other Post Employment Benefits
(In millions)	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Amounts recognized in the Consolidated Balance Sheets:
Other assets	$	3	$	4	$	—	$	—
Accrued and other current liabilities	(35)		(46)		(132)		(144)
Pension and other post employment benefits - noncurrent	(1,366)		(1,906)		(889)		(1,218)

Net amount recognized	$	(1,398)	$	(1,948)	$	(1,021)	$	(1,362)

Pretax amounts recognized in accumulated other comprehensive income (loss):
Net gain (loss)	$	(238)	$	(543)	$	198	$	(50)
Prior service benefit (cost)	23		27		16		17
Pretax balance in accumulated other comprehensive income (loss) at end of year	$	(215)	$	(516)	$	214	$	(33)

The gain related to the change in pension and OPEB plan benefit obligations for the period ended December 31, 2022 is mainly due to an increase in discount rates.

The accumulated benefit obligation for all pension plans was $14.0 billion and $19.7 billion at December 31, 2022 and 2021, respectively.


Pension Plans with Projected Benefit Obligations in Excess of Plan Assets	December 31, 2022		December 31, 2021
(In millions)
Projected benefit obligations	$	13,832	$	19,519
Fair value of plan assets	12,430		17,567


Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets	December 31, 2022		December 31, 2021
(In millions)
Accumulated benefit obligations	$	13,676	$	19,501
Fair value of plan assets	12,290		17,567



(In millions)	Defined Benefit Pension Plans						Other Post Employment Benefits
	For the Year Ended December 31,						For the Year Ended December 31,
Components of net periodic benefit (credit) cost and amounts recognized in other comprehensive income (loss)	2022		2021		2020		2022		2021		2020
Net Periodic Benefit (Credit) Cost:
Service cost	$	20	$	25	$	26	$	1	$	1	$	2
Interest cost	505		364		559		26		21		66
Expected return on plan assets	(720)		(915)		(1,000)		—		—		—
Amortization of unrecognized loss (gain)	3		55		4		2		81		1
Amortization of prior service (benefit) cost	(3)		(2)		(1)		(1)		(922)		—
Curtailment (gain) loss	—		—		—		—		(1)		—
Settlement loss	25		1		3		—		—		—
Net periodic benefit (credit) cost - Total	$	(170)	$	(472)	$	(409)	$	28	$	(820)	$	69


Changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net gain (loss)	$	274	$	1,284	$	(247)	$	246	$	33	$	(59)
Amortization of unrecognized (gain) loss	3		55		4		2		81		1
Prior service benefit (cost)	—		15		3		—		—		939
Amortization of prior service (benefit) cost	(3)		(2)		(1)		(1)		(922)		—
Curtailment (gain) loss	—		—		—		—		(1)		—
Settlement loss	25		1		3		—		—		—

Effect of foreign exchange rates	2		3		(2)		—		—		1



Total benefit (loss) recognized in other comprehensive income (loss), attributable to Corteva	$	301	$	1,356	$	(240)	$	247	$	(809)	$	882
Total recognized in net periodic benefit (credit) cost and other comprehensive income (loss)	$	471	$	1,828	$	169	$	219	$	11	$	813

Estimated Future Benefit Payments

The estimated future benefit payments, reflecting expected future service, as appropriate, are presented in the following table:


Estimated Future Benefit Payments at December 31, 2022	Defined Benefit Pension Plans		Other Post Employment Benefits
(In millions)
2023	$	1,305	$	132
2024	1,267		123
2025	1,233		116
2026	1,201		109
2027	1,165		102
Years 2028-2032	5,233		355
Total	$	11,404	$	937

Plan Assets

All pension plan assets in the U.S. are invested through a single master trust fund. The strategic asset allocation for this trust fund is approved by the Pension Investment Committee. The general principles guiding U.S. pension asset investment policies are those embodied in the Employee Retirement Income Security Act of 1974 ("ERISA"). These principles include discharging Corteva's investment responsibilities for the exclusive benefit of plan participants and in accordance with the "prudent expert" standard and other ERISA rules and regulations. Corteva establishes strategic asset allocation percentage targets and appropriate benchmarks for significant asset classes with the aim of achieving a prudent balance between return and risk. Strategic asset allocations in other countries are selected in accordance with the laws and practices of those countries. Where appropriate, asset liability studies are utilized in this process. U.S. plan assets are managed by investment professionals employed by Corteva. The remaining assets are managed by professional investment firms unrelated to the company. Corteva's pension investment professionals have discretion to manage the assets within established asset allocation ranges approved by the Pension Investment Committee. Additionally, pension trust funds are permitted to enter into certain contractual arrangements generally described as "derivatives." Derivatives are primarily used to reduce specific market risks, hedge currency and adjust portfolio duration and asset allocation in a cost-effective manner.

The weighted-average target allocation for plan assets of the company's pension plans is summarized as follows:


Target Allocation for Plan Assets	December 31, 2022		December 31, 2021
Asset Category
U.S. equity securities	8	%	11	%
Non-U.S. equity securities	7		11
Fixed income securities	64		58
Hedge funds	3		2
Private market securities	11		8
Real estate	6		5
Cash and cash equivalents	1		5
Total	100	%	100	%

U.S. equity investments are primarily large-cap companies. Global equity securities include varying market capitalization levels. Global fixed income investments include corporate-issued, government-issued and asset-backed securities. Corporate debt investments include a range of credit risk and industry diversification. U.S. fixed income investments are weighted heavier than non-U.S. fixed income securities. Other investments include cash and cash equivalents, hedge funds, real estate and private market securities such as interests in private equity and venture capital partnerships.

Fair value calculations may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the company 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.

For pension plan assets classified as Level 1 measurements (measured using quoted prices in active markets), total fair value is either the price of the most recent trade at the time of the market close or the official close price, as defined by the exchange on which the asset is most actively traded on the last trading day of the period, multiplied by the number of units held without consideration of transaction costs.

For pension plan assets classified as Level 2 measurements, where the security is frequently traded in less active markets, fair value is based on the closing price at the end of the period; where the security is less frequently traded, fair value is based on the price a dealer would pay for the security or similar securities, adjusted for any terms specific to that asset or liability. Market inputs are obtained from well-established and recognized vendors of market data and subjected to tolerance and quality checks. For derivative assets and liabilities, standard industry models are used to calculate the fair value of the various financial instruments based on significant observable market inputs, such as foreign exchange rates, commodity prices, swap rates, interest rates and implied volatilities obtained from various market sources.

For pension plan assets classified as Level 3 measurements, total fair value is based on significant unobservable inputs including assumptions where there is little, if any, market activity for the investment. Investment managers, fund managers, or investment contract issuers provide valuations of the investment on a monthly or quarterly basis. These valuations are reviewed for reasonableness based on applicable sector, benchmark and company performance. Adjustments to valuations are made where appropriate. Where available, audited financial statements are obtained and reviewed for the investments as support for the manager’s investment valuation.

The tables below present the fair values of the company's pension assets by level within the fair value hierarchy, as described in Note 2 - Summary of Significant Accounting Policies:


Basis of Fair Value Measurements	Total		Level 1		Level 2		Level 3
For the year ended December 31, 2022
(In millions)
Cash and cash equivalents	$	1,348	$	1,348	$	—	$	—
U.S. equity securities 1	1,200		1,195		2		3
Non-U.S. equity securities	806		806		—		—
Debt – government-issued	1,669		—		1,669		—
Debt – corporate-issued	3,822		—		3,822		—
Debt – asset-backed	695		—		695		—
Hedge funds	3		—		—		3
Private market securities	4		—		—		4
Real estate funds	132		—		—		132
Derivatives – asset position	2		—		2		—

Other	62		—		—		62
Subtotal	$	9,743	$	3,349	$	6,190	$	204
Investments measured at net asset value
Debt - government issued	35
Debt - corporate-issued	3
U.S. equity securities	20
Non-U.S. equity securities	20
Hedge funds	347
Private market securities	1,991
Real estate funds	669

Total investments measured at net asset value	$	3,085
Other items to reconcile to fair value of plan assets
Pension trust receivables 2	161
Pension trust payables 3	(405)
Total	$	12,584

1.The Corteva pension plans directly held $250 million (approximately 2 percent of total plan assets) of Corteva, Inc. common stock at December 31, 2022.

2.Primarily receivables for investments securities sold.

3.Primarily payables for investment securities purchased.


Basis of Fair Value Measurements
For the year ended December 31, 2021
(In millions)	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	2,543	$	2,543	$	—	$	—
U.S. equity securities1	2,400		2,394		2		4
Non-U.S. equity securities	1,523		1,523		—		—
Debt – government-issued	3,271		—		3,271		—
Debt – corporate-issued	4,591		—		4,589		2
Debt – asset-backed	682		—		682		—
Private market securities	3		—		—		3
Real estate funds	26		—		—		26


Other	78		—		3		75
Subtotal	$	15,117	$	6,460	$	8,547	$	110
Investments measured at net asset value
Debt - government issued	37
Debt - corporate-issued	7
U.S. equity securities	33
Non-U.S. equity securities	34
Hedge funds	394
Private market securities	1,822
Real estate funds	759
Total investments measured at net asset value	$	3,086
Other items to reconcile to fair value of plan assets
Pension trust receivables2	655
Pension trust payables3	(1,031)
Total	$	17,827

1.The Corteva pension plans directly held $201 million (approximately 1 percent of total plan assets) of Corteva, Inc. common stock at December 31, 2021.

2.Primarily receivables for investments securities sold.

3.Primarily payables for investment securities purchased.

The following table summarizes the changes in fair value of Level 3 pension plan assets for the years ended December 31, 2022 and 2021:


Fair Value Measurement of Level 3 Pension Plan Assets	U.S. equity securities		Non-U.S. equity securities		Debt – corporate-issued		Hedge funds		Private market securities		Real estate		Other		Total
(In millions)
Balance at January 1, 2021	$	5	$	3	$	3	$	—	$	3	$	28	$	73	$	115
Actual return on assets:
Relating to assets sold during the year ended December 31, 2021	1		(1)		(5)		—		—		—		—		(5)
Relating to assets held at December 31, 2021	(3)		(1)		6		—		—		(2)		(2)		(2)
Purchases, sales and settlements, net	1		(1)		(2)		—		—		—		4		2

Balance at December 31, 2021	$	4	$	—	$	2	$	—	$	3	$	26	$	75	$	110
Actual return on assets:
Relating to assets sold during the year ended December 31, 2022	1		—		(15)		—		(9)		—		—		(23)
Relating to assets held at December 31, 2022	—		(13)		13		(8)		10		8		(1)		9
Purchases, sales and settlements, net	(2)		1		—		—		—		(1)		(12)		(14)
Transfers in or out of Level 3, net	—		12		—		11		—		99		—		122
Balance at December 31, 2022	$	3	$	—	$	—	$	3	$	4	$	132	$	62	$	204

Trust Assets

EIDP entered into a trust agreement in 2013 (as amended and restated in 2017, "the Trust") that established and requires EIDP to fund the Trust for cash obligations under certain non-qualified benefit and deferred compensation plans upon a change in control event as defined in the Trust agreement. Under the Trust agreement, the consummation of the Merger was a change in control event. As a result, in November 2017, EIDP contributed $571 million to the Trust. At the Separation, Corteva transferred $39 million to DuPont. During the years ended December 31, 2022 and 2021, $58 million and $43 million, respectively, was distributed to EIDP according to the Trust agreement, and at December 31, 2022 and 2021, the balance in the Trust was $251 million and $304 million, respectively. The Trust Assets are classified as current restricted cash equivalents and included within other current assets in the Consolidated Balance Sheets. See Note 6 - Supplementary Information, to the Consolidated Financial Statements, for further information.

Defined Contribution Plans

Corteva provides defined contribution benefits to its employees. The most significant is the U.S. Retirement Savings Plan ("the Plan"), which covers almost all of the U.S. full-service employees. This Plan includes a non-leveraged Employee Stock Ownership Plan ("ESOP"). Employees are not required to participate in the ESOP and those who do are free to diversify out of the ESOP. The purpose of the Plan is to provide retirement savings benefits for employees and to provide employees an opportunity to become stockholders of the company. The Plan is a tax qualified contributory profit sharing plan, with cash or deferred arrangement and any eligible employee of Corteva may participate. Currently, Corteva contributes 100 percent of the first 6 percent of the employee's contribution election and also contributes 3 percent of each eligible employee's eligible compensation regardless of the employee's contribution.

Corteva's contributions to the Plan were $97 million, $63 million, and $94 million for the years ended December 31, 2022, 2021 and 2020, respectively. Corteva's matching contributions vest immediately upon contribution. The 3 percent nonmatching company contribution vests after employees complete three years of service. In addition, Corteva made contributions to other defined contribution plans of $36 million, $29 million, and $33 million for the years ended December 31, 2022, 2021 and 2020, respectively.

The entire disclosure for retirement benefits.

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Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

12 Months Ended

Dec. 31, 2022

Share-based Payment Arrangement [Text Block]

STOCK-BASED COMPENSATION

Prior to the Corteva Distribution, Corteva employees held equity awards, including stock options, share appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”), which were denominated in DowDuPont common stock and, in some cases, in Dow Inc. common stock, and which had originally been issued under the DuPont Equity and Incentive Plan ("EIP"), the Dow Chemical Company 2012 Stock Incentive Plan or the Dow Chemical Company 1988 Award and Option Plan.

As discussed in Note 15 - Commitments and Contingent Liabilities, on April 1, 2019 the company entered into an employee matters agreement (the "EMA") with DuPont and Dow that identifies employees and employee-related liabilities (and attributable assets) to be allocated (either retained, transferred and accepted, or assigned and assumed, as applicable) to the Parties as part of the Distributions and describes when and how the relevant transfers and assignments will occur. With some exceptions, the EMA provides for the equitable adjustment of existing equity incentive compensation awards denominated in the common stock of DowDuPont to reflect the occurrence of the Distributions.

In connection with the Separation on June 1, 2019, outstanding DowDuPont-denominated stock options, SARs, RSU and PSU awards were converted into Corteva-denominated awards under the “Employer Method,” or into both DuPont-denominated awards and Corteva-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Corteva Separation. The awards have the same terms and conditions under the applicable plans and award agreements prior to the Separation transactions. The conversions of equity awards did not have a material impact to the company’s consolidated financial statements.

On June 1, 2019 (“Adoption Date”), in connection with the Separation, the Omnibus Incentive Plan (the "OIP") became effective. Under the OIP, the company may grant incentive awards, including stock options (both “incentive stock options” and nonqualified stock options), share appreciation rights, restricted shares, restricted stock units, other share-based awards and cash awards, to its and its subsidiaries’ eligible employees, non-employee directors, independent contractors and consultants following the Separation until the tenth anniversary of the Adoption Date, subject to an aggregate limit and annual individual limits. Under the OIP, the maximum number of shares reserved for the grant or settlement of awards is 20 million shares, excluding shares underlying certain exempt awards, such as the awards converted to Corteva-denominated awards pursuant to the Separation. At December 31, 2022, approximately 11 million shares were authorized for future grants under the OIP. The company generally satisfies stock option exercises and the vesting of RSUs and PSUs with newly issued shares of Corteva common stock, although RSU awards granted under Historical Dow plans in certain countries are settled in cash.

The compensation committee determines the long-term incentive mix, including stock options, RSUs and PSUs and may authorize new grants annually. The company estimates expected forfeitures.

The total stock-based compensation cost included in income (loss) from continuing operations before income taxes within the Consolidated Statement of Operations was $55 million, $79 million, and $73 million for the years ended December 31, 2022, 2021 and 2020, respectively. The income tax benefits related to stock-based compensation arrangements were $(10) million, $(15) million, and $(15) million for the years ended December 31, 2022, 2021 and 2020, respectively.

Stock Options

The exercise price of shares subject to option is equal to the market price of the company's common stock on the date of grant. All options vest serially over a period of three years. Stock option awards granted under the OIP between June 2019 and 2022 expire 10 years after the grant date. Stock option awards granted under the EIP (previous plan) between 2016 and May 2019 expire 10 years after the grant date. Stock option awards granted under the Historical Dow plans subsequent to 2013 expire 10 years after the grant date.

To measure the fair value of the awards on the date of grant, the company used the Black-Scholes option pricing model and the assumptions set forth in the below table. The weighted-average grant-date fair value of options granted for the years ended December 31, 2022, 2021 and 2020 was $14.12, $11.77 and $6.06, respectively.


Weighted-Average Assumptions	For the Year ended December 31,
	2022		2021		2020
Dividend yield	1.09	%	1.14	%	1.67	%
Expected volatility	28.95	%	29.44	%	23.14	%
Risk-free interest rate	1.9	%	1.0	%	1.3	%
Expected life of stock options granted during period (years)	6.0		6.0		6.0

The company determined the dividend yield by dividing the annualized dividend on Corteva’s Common Stock by the option exercise price. A historical daily measurement of volatility is determined based on the expected life of the option granted. For the years ended December 31, 2022, 2021 and 2020, the measurement of volatility is based on the average volatility of eight of Corteva's peer companies. Corteva's peer volatility is based on the historical volatility of each business respectively. The risk-free interest rate is determined by reference to the yield on an outstanding U.S. Treasury note with a term equal to the expected life of the option granted. Expected life is determined by utilizing the simplified method for estimating expected term.

The following table summarizes stock option activity for year ended December 31, 2022:


Stock Options	For the Year Ended December 31, 2022
	Number of Shares (in thousands)	Weighted Average Exercise Price (per share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2022	6,423	$	36.65	5.69	$	68,219

Granted	410	51.16
Exercised	(2,099)	34.01
Forfeited/Expired	(509)	38.78

Outstanding at December 31, 2022	4,225	$	39.13	5.37	$	82,917
Exercisable at December 31, 2022	3,330	$	37.66	4.75	$	70,354

The aggregate intrinsic values in the table above represent the total pre-tax intrinsic value (the difference between the closing stock price on the last trading day of the period ended December 31, 2022 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their in-the-money options at period end. The total intrinsic value of options exercised for the years ended December 31, 2022, 2021 and 2020 were $43 million, $43 million, and $21 million, respectively. The company recognized tax benefits from options exercised for the years ended December 31, 2022, 2021 and 2020 of $(8) million, $(8) million and $(4) million, respectively.

As of December 31, 2022, $5 million of total unrecognized pre-tax compensation expense related to nonvested stock options is expected to be recognized over a weighted-average period of about 1.11 years.

Restricted Stock Units and Performance Share Units

RSUs granted serially vest over 3 years. Upon vesting, these RSUs convert one-for-one to Corteva Common Stock. A retirement-eligible employee retains any granted awards upon retirement for one year provided the employee has rendered at least six months of service following the grant date. Additional RSUs are also granted periodically to key senior management employees. These RSUs generally vest over periods ranging from 3 years to 5 years. The fair value of all stock-settled RSUs is based upon the market price of the underlying common stock as of the grant date.

The company grants PSUs to senior leadership. In 2022, there were 313,818 PSUs granted. Vesting for PSUs granted in 2022 is partially based on the realization of the Company’s improvement of its Return on Net Assets (“RONA”) and Operating Earnings Per Share ("EPS") during the Performance Period.Vesting for PSUs granted in 2021 and 2020 is partially based on the realization of the Company’s improvement of its Return on Invested Capital (“ROIC”) and Operating EPS during the Performance Period. Performance and payouts are determined independently for each metric. The actual award, delivered in Corteva Common Stock, can range from zero percent to 200 percent of the original grant. The weighted-average grant date fair value of the PSUs granted in 2022 of $51.21 was based upon the market price of the underlying common stock as of the grant date.

Nonvested awards of RSUs and PSUs are shown below.


RSUs & PSUs	For the Year Ended December 31, 2022
	Number of Shares (in thousands)	Weighted Average Grant Date Fair Value (per share)
Nonvested at January 1, 2022	5,602	$	34.11
Granted	1,664	$	51.99
Vested	(2,847)	$	30.96
Forfeited	(464)	$	37.27
Nonvested at December 31, 2022	3,955	$	43.56

The total fair value of stock units vested for the years ended December 31, 2022, 2021 and 2020 was $88 million, $56 million and $49 million, respectively. The weighted-average grant-date fair value of stock units granted for the years ended December 31, 2022, 2021 and 2020 was $51.99, $45.30 and $31.15, respectively.

As of December 31, 2022, $58 million of total unrecognized pre-tax compensation expense related to RSUs and PSUs is expected to be recognized over a weighted average period of 1.22 years.

Financial Instruments

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Financial Instruments Disclosure [Text Block]

FINANCIAL INSTRUMENTS

At December 31, 2022 and 2021, the company had $2,296 million and $3,400 million, respectively, of held-to-maturity securities (primarily time deposits and money market funds) classified as cash equivalents in the Consolidated Balance Sheets, as these securities had maturities of three months or less at the time of purchase; $124 million and $86 million at December 31, 2022 and 2021, respectively, of held-to-maturity securities (primarily time deposits and foreign government bonds) classified as marketable securities in the Consolidated Balance Sheets, as these securities had maturities of more than three months to less than one year at the time of purchase; and $27 million at December 31, 2022 of held-to-maturity securities (primarily foreign government bonds) classified as marketable securities and included in other assets in the Consolidated Balance Sheets, as these securities had maturities of more than one year at the time of purchase. The company’s investments in held-to-maturity securities are held at amortized cost, which approximates fair value. The company’s held-to-maturity securities relating to investments in foreign government bonds at December 31, 2022 and available-for-sale securities sold during the year ended December 31, 2021 are discussed further in the “Debt Securities” section.

Derivative Instruments

Objectives and Strategies for Holding Derivative Instruments

In the ordinary course of business, the company enters into contractual arrangements (derivatives) to reduce its exposure to foreign currency and commodity price risks. The company has established a variety of derivative programs to be utilized for financial risk management. These programs reflect varying levels of exposure coverage and time horizons based on an assessment of risk.

Derivative programs have procedures and controls and are approved by the Corporate Financial Risk Management Committee, consistent with the company's financial risk management policies and guidelines. Derivative instruments used are forwards, options, futures and swaps. The company has not designated any non-derivatives as hedging instruments.

The company's financial risk management procedures also address counterparty credit approval, limits and routine exposure monitoring and reporting. The counterparties to these contractual arrangements are major financial institutions and major commodity exchanges, and multinational grain exporters. The company is exposed to credit losses in the event of nonperformance by these counterparties. The company utilizes collateral support annex agreements with certain counterparties to limit its exposure to credit losses. The company anticipates performance by counterparties to these contracts and therefore no material loss is expected. Market and counterparty credit risks associated with these instruments are regularly reported to management.

The notional amounts of the company's derivative instruments were as follows:


Notional Amounts (In millions)	December 31, 2022		December 31, 2021
Derivatives designated as hedging instruments:
Foreign currency contracts	$	953	$	1,252
Commodity contracts	$	1,167	$	845
Derivatives not designated as hedging instruments:
Foreign currency contracts	$	430	$	103
Commodity contracts	$	9	$	4

Foreign Currency Risk

The company's objective in managing exposure to foreign currency fluctuations is to reduce earnings and cash flow volatility associated with foreign currency rate changes and to mitigate the exposure of certain investments in foreign subsidiaries against

changes in the Euro/USD exchange rate. Accordingly, the company enters into various contracts that change in value as foreign exchange rates change to protect the value of its existing foreign currency-denominated assets, liabilities, commitments, investments and cash flows.

The company uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency denominated monetary assets and liabilities of its operations. The primary business objective of this hedging program is to maintain an approximately balanced position in foreign currencies so that exchange gains and losses resulting from exchange rate changes, after related tax effects, are minimized. The company also uses foreign currency exchange contracts to offset a portion of the company's exposure to certain forecasted transactions as well as the translation of foreign currency-denominated earnings. The company also uses commodity contracts to offset risks associated with foreign currency devaluation in certain

countries.

Commodity Price Risk

Commodity price risk management programs serve to reduce exposure to price fluctuations on purchases of inventory such as corn and soybeans. The company enters into over-the-counter and exchange-traded derivative commodity instruments to hedge the commodity price risk associated with agricultural commodity exposures.

Derivatives Designated as Cash Flow Hedges

Commodity Contracts

The company enters into over-the-counter and exchange-traded derivative commodity instruments, including options, futures and swaps, to hedge the commodity price risk associated with agriculture commodity exposures.

While each risk management program has a different time maturity period, most programs currently do not extend beyond the next two years. Cash flow hedge results are reclassified into earnings during the same period in which the related exposure impacts earnings. Reclassifications are made sooner if it appears that a forecasted transaction is probable of not occurring.

The following table summarizes the after-tax effect of commodity contract cash flow hedges on accumulated other comprehensive income (loss):


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Beginning balance	$	47	$	(16)	$	2
Additions and revaluations of derivatives designated as cash flow hedges	102		92		(44)
Clearance of hedge results to earnings	(94)		(29)		26
Ending balance	$	55	$	47	$	(16)

At December 31, 2022, an after-tax net gain of $42 million is expected to be reclassified from accumulated other comprehensive income (loss) into earnings over the next twelve months.

Foreign Currency Contracts

The company enters into forward contracts to hedge the foreign currency risk associated with forecasted transactions within certain foreign subsidiaries.

The following table summarizes the after-tax effect of foreign currency cash flow hedges on accumulated other comprehensive

income (loss):


(In millions)	For the Year Ended December 31,
(In millions)	2022		2021		2020
Beginning balance	$	32	$	(17)	$	—
Additions and revaluations of derivatives designated as cash flow hedges	(61)		24		(3)
Clearance of hedges results to earnings	39		25		(14)
Ending balance	$	10	$	32	$	(17)

At December 31, 2022, an after-tax net gain of $10 million is expected to be reclassified from accumulated other comprehensive income (loss) into earnings over the next twelve months.

Derivatives Designated as Net Investment Hedges

Foreign Currency Contracts

The company has designated €450 million of forward contracts to exchange EUR as net investment hedges. The purpose of these forward contracts is to mitigate FX exposure related to a portion of the company’s Euro net investments in certain foreign subsidiaries against changes in Euro/USD exchange rates. These hedges will expire and be settled in 2023.

The company elected to apply the spot method in testing for effectiveness of the hedging relationship.

Derivatives not Designated in Hedging Relationships

Foreign Currency Contracts

The company uses foreign exchange contracts to reduce its net exposure, by currency, related to foreign currency-denominated monetary assets and liabilities of its operations so that exchange gains and losses resulting from exchange rate changes are minimized. The netting of such exposures precludes the use of hedge accounting; however, the required revaluation of the forward contracts and the associated foreign currency-denominated monetary assets and liabilities intends to achieve a minimal earnings impact, after taxes. The company also uses foreign currency exchange contracts to offset a portion of the company’s exposure to the translation of certain foreign currency-denominated earnings so that gains and losses on the contracts offset changes in the USD value of the related foreign currency-denominated earnings over the relevant aggregate period.

Commodity Contracts

The company utilizes options, futures and swaps that are not designated as hedging instruments to reduce exposure to commodity price fluctuations on purchases of inventory such as corn and soybeans. The company uses forward agreements, with durations less than one year, to buy and sell USD priced commodities in order to reduce its exposure to currency devaluation for a portion of its local currency cash balances. Counterparties to the forward sales agreements are multinational grain exporters and subject to the company’s financial risk management procedures.

Fair Value of Derivative Instruments

Asset and liability derivatives subject to an enforceable master netting arrangement with the same counterparty are presented on a net basis in the Consolidated Balance Sheets.

The presentation of the company's derivative assets and liabilities is as follows:


		December 31, 2022
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	41	$	—	$	41
Commodity Contracts	Other current assets	4		—		4
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	51		(40)		11

Total asset derivatives		$	96	$	(40)	$	56

Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	9	$	—	$	9
Commodity Contracts	Accrued and other current liabilities	3		—		3
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	58		(40)		18

Total liability derivatives		$	70	$	(40)	$	30


		December 31, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	37	$	—	$	37
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	31		(20)		11
Commodity contracts	Other current assets	3		—		3
Total asset derivatives		$	71	$	(20)	$	51

Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	1	$	—	$	1
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	23		(20)		3
Commodity contracts	Accrued and other current liabilities	2		—		2
Total liability derivatives		$	26	$	(20)	$	6

1. Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.

Effect of Derivative Instruments


	Amount of Gain (Loss) Recognized in OCI1 - Pre-Tax
	For the Year Ended December 31,
(In millions)	2022		2021		2020
Derivatives designated as hedging instruments:
Net investment hedges:
Foreign currency contracts	$	28	$	37	$	(45)
Cash flow hedges:
Foreign currency contracts	(90)		27		(4)
Commodity contracts	130		129		(62)
Total derivatives designated as hedging instruments	$	68	$	193	$	(111)

1.OCI is defined as other comprehensive income (loss).


(in millions)	Amount of (Loss) Gain Recognized in Income - Pre-Tax1
	For the Year Ended December 31,
	2022		2021		2020
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign currency contracts2	$	(59)	$	(29)	$	17
Commodity contracts2	122		42		(35)
Total derivatives designated as hedging instruments	63		13		(18)
Derivatives not designated as hedging instruments:
Foreign currency contracts3	(12)		18		89
Foreign currency contracts2	(6)		(14)		14
Commodity contracts2	(21)		(18)		9
Total derivatives not designated as hedging instruments	(39)		(14)		112
Total derivatives	$	24	$	(1)	$	94

1.For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.

2.Recorded in cost of goods sold in the Consolidated Statement of Operations.

3.Gain (loss) recognized in other income (expense) - net in the Consolidated Statement of Operations, was partially offset by the related gain on the foreign currency-denominated monetary assets and liabilities of the company's operations. See Note 6 - Supplementary Information, to the Consolidated Financial Statements for additional information.

Debt Securities

The company’s debt securities at December 31, 2022 include foreign government bonds classified as held-to-maturity securities. The company’s investments in held-to-maturity securities are held at amortized cost, which approximates fair value, and are held by certain foreign subsidiaries in which the USD is the functional currency.

The following table summarizes the contractual maturities of the company's investments in debt securities at December 31, 2022:


Contractual Maturities of Debt Securities1	Amortized Cost		Fair Value
(In millions)	Amortized Cost		Fair Value
Within one year	$	83	$	83
One to five years	$	27	$	27

1.The company's debt securities at December 31, 2022 consists of foreign government bonds, which are classified as held-to-maturity.

During 2021, the company sold its U.S. treasuries classified as available-for-sale securities. The estimated fair value of the available-for-sale securities that were sold in 2021 was determined using Level 1 inputs within the fair value hierarchy. Level 1 measurements were based on quoted market prices in active markets for identical assets and liabilities. The available-for-sale securities that were sold in 2021 were held by certain foreign subsidiaries in which the USD is not the functional currency. The

fluctuations in foreign exchange were initially recorded in accumulated other comprehensive income (loss) within the Consolidated Statements of Equity and subsequently reclassified to earnings when sold. The gains and losses on these securities offset a portion of the foreign exchange fluctuations in earnings for the company.

The following table provides the investing results from available-for-sale securities for the year ended December 31, 2021:


Investing Results	For the Year Ended December 31,
(In millions)	2021
Proceeds from sales of available-for-sale securities	$	226
Gross realized losses	$	(7)

Fair Value Measurements

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

FAIR VALUE MEASUREMENTS

The following tables summarize the basis used to measure certain assets and liabilities at fair value on a recurring basis:


Significant Other Observable Inputs		December 31, 2022				December 31, 2021
(In millions)	Level 1	Level 2		Level 1		Level 2
Assets at fair value:
Marketable securities		$	—	$	124	$	—	$	86




Derivatives relating to:1


Foreign currency		—		92		—		68
Commodity Contracts		—		4		—		—
Equity securities2		—		—		48		—
Total assets at fair value		$	—	$	220	$	48	$	154
Liabilities at fair value:
Derivatives relating to:1


Foreign currency		—		67		—		24
Commodity contracts		—		3		—		—
Total liabilities at fair value		$	—	$	70	$	—	$	24

1.See Note 19 - Financial Instruments, to the Consolidated Financial Statements, for the classification of derivatives in the Consolidated Balance Sheets.

2. The company's equity securities are included in other assets in the Consolidated Balance Sheets.

For assets and liabilities classified as Level 1 measurements (measured using quoted prices in active markets), total fair value is either the price of the most recent trade at the time of the market close or the official close price, as defined by the exchange on which the asset is most actively traded on the last trading day of the period, multiplied by the number of units held without consideration of transaction costs.

For assets and liabilities classified as Level 2 measurements, where the security is frequently traded in less active markets, fair value is based on the closing price at the end of the period; where the security is less frequently traded, fair value is based on the price a dealer would pay for the security or similar securities, adjusted for any terms specific to that asset or liability, or by using observable market data points of similar, more liquid securities to imply the price. For time deposits classified as held-to-maturity investments and reported at amortized cost, fair value is based on an observable interest rate for similar securities. Market inputs are obtained from well-established and recognized vendors of market data and subjected to tolerance and quality checks.

For derivative assets and liabilities, standard industry models are used to calculate the fair value of the various financial instruments based on significant observable market inputs, such as foreign exchange rates, commodity prices, swap rates and implied volatilities obtained from various market sources. Market inputs are obtained from well-established and recognized vendors of market data and subjected to tolerance/quality checks.

For all other assets and liabilities for which observable inputs are used, fair value is derived through the use of fair value models, such as a discounted cash flow model or other standard pricing models. See Note 19 - Financial Instruments, to the Consolidated Financial Statements, for further information on the types of instruments used by the company for risk management.

There were no transfers between Levels 1 and 2 during the years ended December 31, 2022 and 2021.

For assets classified as Level 3 measurements, the fair value is based on significant unobservable inputs including assumptions where there is little, if any, market activity. The fair value of the company’s interests held in trade receivable conduits is determined by calculating the expected amount of cash to be received using the key input of anticipated credit losses in the portfolio of receivables sold that have not yet been collected. Given the short-term nature of the underlying receivables, discount rate and prepayments are not factors in determining the fair value of the interests.

Geographic Information [Text Block]

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Geographic Information

12 Months Ended

Dec. 31, 2022

Geographical Reporting [Abstract]

GEOGRAPHIC INFORMATION

Sales are attributed to geographic areas based on customer location; long-lived assets are attributed to geographic areas based on asset location.


	Net Sales
	For the Year Ended December 31,
(In millions)	2022		2021		2020
United States	$	7,553	$	6,782	$	6,510
Canada	741		754		658
EMEA	3,256		3,123		2,842
Latin America1	4,445		3,545		2,805
Asia Pacific	1,460		1,451		1,402
Total	$	17,455	$	15,655	$	14,217

1.Net sales for Brazil for the years ended December 31, 2022, 2021 and 2020 were $3,137 million, $2,315 million and $1,724 million, respectively.


	Net Property
	As of December 31,
(In millions)	2022		2021		2020
United States	$	2,992	$	3,051	$	3,014
Canada	116		114		122
EMEA	538		566		601
Latin America	506		468		510
Asia Pacific	102		130		149
Total	$	4,254	$	4,329	$	4,396

Segment Reporting (Notes)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Reporting Disclosure [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). For purposes of allocating resources to the segments and assessing segment performance, segment operating EBITDA is the primary measure used by Corteva’s CODM. 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. Effective January 1, 2021, on a prospective basis, the company excludes from segment operating EBITDA net unrealized gain or loss from mark-to- market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. Non-operating (benefits) costs consists of non-operating pension and other post-employment benefit (OPEB) credits (costs), tax indemnification adjustments, environmental remediation and legal costs associated with legacy EIDP businesses and sites, and the 2021 officer indemnification payment. 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.

Corporate Profile

The company conducts its global operations through the following reportable segments:

Seed

The company’s seed segment is a global leader in developing and supplying advanced germplasm and traits that produce optimum yield for farms around the world. The segment is a leader in many of the company’s key seed markets, including North America corn and soybeans, Europe corn and sunflower, as well as Brazil, India, South Africa and Argentina corn. The segment offers trait technologies that improve resistance to weather, disease, insects and enhance food and nutritional characteristics, herbicides used to control weeds, and digital solutions that assist farmer decision-making to help maximize yield and profitability.

Crop Protection

The crop protection segment serves the global agricultural input industry with products that protect against weeds, insects and other pests, and disease, and that improve overall crop health both above and below ground via nitrogen management and seed-applied technologies. The segment offers crop protection solutions and digital solutions that provide farmers the tools they need to improve productivity and profitability, and help keep fields free of weeds, insects and diseases. The segment is a leader in global herbicides, insecticides, nitrogen stabilizers and pasture and range management herbicides.


(In millions)	Seed		Crop Protection		Total
As of and for the Year Ended December 31, 2022
Net sales	$	8,979	$	8,476	$	17,455
Segment operating EBITDA	$	1,656	$	1,684	$	3,340
Depreciation and amortization	$	839	$	384	$	1,223
Segment assets	$	22,952	$	14,097	$	37,049
Investments in nonconsolidated affiliates	$	35	$	67	$	102
Purchases of property, plant and equipment	$	225	$	380	$	605
As of and for the Year Ended December 31, 2021
Net sales	$	8,402	$	7,253	$	15,655
Segment operating EBITDA	$	1,512	$	1,202	$	2,714
Depreciation and amortization	$	866	$	377	$	1,243
Segment assets	$	23,270	$	12,428	$	35,698
Investments in nonconsolidated affiliates	$	29	$	47	$	76
Purchases of property, plant and equipment	$	237	$	336	$	573
As of and for the Year Ended December 31, 2020
Net sales	$	7,756	$	6,461	$	14,217
Segment operating EBITDA	$	1,208	$	1,004	$	2,212
Depreciation and amortization	$	798	$	379	$	1,177
Segment assets	$	23,751	$	13,099	$	36,850
Investments in nonconsolidated affiliates	$	22	$	44	$	66
Purchase of property, plant and equipment	$	225	$	250	$	475

Reconciliation to Consolidated Financial Statements


Income (loss) from continuing operations after income taxes to segment operating EBITDA	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,216	$	1,822	$	756
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Income (loss) from continuing operations before income taxes	1,426		2,346		675
Depreciation and amortization	1,223		1,243		1,177
Interest income	(124)		(77)		(56)
Interest expense	79		30		45
Exchange (gains) losses - net	229		54		174
Non-operating (benefits) costs - net1	(111)		(1,256)		(316)

Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges2	—		—
Significant items	502		236		388
Corporate expenses	116		138		125
Segment operating EBITDA	$	3,340	$	2,714	$	2,212

1.The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 17 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information.

2.Effective January 1, 2021, on a prospective basis, the company excludes net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. There was no unrealized mark-to-market (gain) loss for the year ended December 31, 2020.


Segment assets to total assets (in millions)	December 31, 2022		December 31, 2021
Total segment assets	$	37,049	$	35,698
Corporate assets	5,569		6,646

Total assets	$	42,618	$	42,344

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA

The years ended December 31, 2022, 2021 and 2020, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2022
Restructuring and Asset Related Charges - Net1	$	(228)	$	(37)	$	(98)	$	(363)
Estimated settlement expense2	—		(87)		—		(87)
Inventory write-offs3	(33)		—		—		(33)
Gain on sale of business3	—		15		—		15
Loss on exit of non-strategic asset3	(5)		—		—		(5)
Settlement costs associated with Russia Exit3	(8)		—		—		(8)
Employee Retention Credit	6		3		—		9
AltEn facility remediation charges	(33)		—		—		(33)
Seed sale associated with Russia Exit3,4	3		—		—		3
Total	$	(298)	$	(106)	$	(98)	$	(502)


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2021
Restructuring and Asset Related Charges - Net1	$	(152)	$	(59)	$	(78)	$	(289)
Equity securities mark-to-market gain (loss)	47		—		—		47
Employee Retention Credit	37		23		—		60
Contract termination	(30)		(24)		—		(54)
Total	$	(98)	$	(60)	$	(78)	$	(236)


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2020
Restructuring and Asset Related Charges - Net1	$	(165)	$	(109)	$	(61)	$	(335)
Loss on sale of asset5	—		(53)		—		(53)
Total	$	(165)	$	(162)	$	(61)	$	(388)

1.Includes Board approved restructuring plans and asset related charges as well as accelerated prepaid amortization. See Note 5 - Restructuring and Asset Related Charges - Net, to the Consolidated Financial Statements, for additional information.

2.Consists of estimated Lorsban® related charges.

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

4.Includes a benefit of $3 million relating to the sale of seeds already under production in Russia when the decision to exit the country was made and that the Company was contractually required to purchase. It consists of $8 million of net sales and $5 million of cost of goods sold.

5.Includes a loss recorded in other income (expense) - net in the Consolidated Statement of Operations related to the sale of the La Porte site.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Income Tax Disclosure [Text Block]

EIDP Basis of Presentation (Notes)	12 Months Ended
EIDP Basis of Presentation (Notes)	Dec. 31, 2022
Entity Information [Line Items]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	BACKGROUND AND BASIS OF PRESENTATION Corteva, Inc. is a leading global provider of seed and crop protection solutions focused on the agriculture industry. The company intends to leverage its rich heritage of scientific achievement to advance its robust innovation pipeline and continue to shape the future of responsible agriculture. The company's broad portfolio of agriculture solutions fuels farmer productivity around the globe. Corteva has two reportable segments: seed and crop protection. See Note 22 - Segment Information, to the Consolidated Financial Statements, for additional information on the company's reportable segments. Throughout these financial statements, except as otherwise noted by the context, the terms "Corteva" or "company" used herein mean Corteva, Inc. and its consolidated subsidiaries (including EIDP) and the term “EIDP” used herein means EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) and its consolidated subsidiaries or EIDP, Inc. excluding its consolidated subsidiaries, as the context may indicate. Principles of Consolidation and Basis of Presentation On June 1, 2019, Corteva, Inc. became an independent, publicly traded company through the completed separation (the “Separation”) of the agriculture business of DuPont de Nemours, Inc. (formerly known as DowDuPont Inc.) (“DowDuPont” or “DuPont”). The separation was effectuated through a pro rata distribution (the “Corteva Distribution”) of all of the then-issued and outstanding shares of common stock of Corteva, Inc. Subsequent to the Merger, Historical Dow and EIDP engaged in a series of internal reorganization and realignment steps to realign their businesses into three subgroups: agriculture, materials science and specialty products ("Internal Reorganization"). On April 1, 2019, DowDuPont completed the separation of its materials science business into a separate and independent public company by way of a distribution of Dow common stock to holders of DowDuPont's common stock (the “Dow Distribution” and together with the Corteva Distribution, the “Distributions”). On April 1, 2019, Historical Dow entities, which held certain assets and liabilities aligned with Historical Dow’s agriculture business and the assets and liabilities associated with its specialty products business, respectively, were transferred and conveyed to DowDuPont. On April 1, 2019 and May 1, 2019, EIDP’s materials science and specialty products entities, along with their respective assets and liabilities, were conveyed to Dow and DowDuPont, respectively. On May 2, 2019, DowDuPont conveyed Historical Dow agricultural entities to EIDP. On May 6, 2019, the Board of Directors of DowDuPont approved the distribution of all the then issued and outstanding shares of common stock of Corteva, Inc., then a wholly-owned subsidiary of DowDuPont, to DowDuPont stockholders. On May 31, 2019, DowDuPont contributed EIDP to Corteva, Inc. and on June 1, 2019, the Separation was completed. Information related to the Corteva Distribution and its effect on the company's financial statements is discussed throughout these Notes to the Consolidated Financial Statements. During the first quarter 2020, the company recorded an increase of $40 million to APIC relating to net assets recorded as transferred as part of the 2019 Internal Reorganizations that were retained. Certain reclassifications of prior year's data have been made to conform to current year's presentation. Since 2018, Argentina has been considered a hyper-inflationary economy under U.S. GAAP and therefore the U.S. Dollar (“USD”) is the functional currency for our related subsidiaries. Argentina contributes approximately 5 percent to both the company's annual Sales and Segment Operating EBITDA. We remeasure net monetary assets and translate our financial statements utilizing the official Argentine Peso (“Peso”) to USD exchange rate. The ability to draw down Peso cash balances is limited at this time due to government restrictions and market availability of U.S. Dollars. The devaluation of the Peso relative to the USD over the last several years has resulted in the recognition of exchange losses (refer to Note 6 – Supplementary Information, to the Consolidated Financial Statements). As of December 31, 2022, a further 10 percent deterioration in the official Peso to USD exchange rate would reduce the USD value of our net monetary assets and negatively impact pre-tax earnings by approximately $15 million. We will continue to assess the implications to our operations and financial reporting.
EID [Member]
Entity Information [Line Items]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	BASIS OF PRESENTATION Corteva, Inc. owns 100% of the outstanding common stock of EIDP. EIDP is a subsidiary of Corteva, Inc. and continues to be a reporting company, subject to the requirements of the Exchange Act. The primary differences between Corteva, Inc. and EIDP are outlined below: •Preferred Stock - EIDP has preferred stock outstanding to third parties which is accounted for as a noncontrolling interest at the Corteva, Inc. level. Each share of EIDP Preferred Stock - $4.50 Series and EIDP Preferred Stock - $3.50 Series issued and outstanding at the effective date of the Corteva Distribution remains issued and outstanding as to EIDP and was unaffected by the Corteva Distribution. •Related Party Loan - EIDP engaged in a series of debt redemptions during the second quarter of 2019 that were partially funded through an intercompany loan from Corteva, Inc. This was eliminated in consolidation at the Corteva, Inc. level but remains on EIDP's financial statements at the standalone level (including the associated interest). •Capital Structure - At December 31, 2022, Corteva, Inc.'s capital structure consists of 713,419,000 issued shares of common stock, par value $0.01 per share. The accompanying footnotes relate to EIDP only, and not to Corteva, Inc., and are presented to show differences between EIDP and Corteva, Inc. For the footnotes listed below, refer to the footnotes from the Corteva 10-K: •Note 1 - Background and Basis of Presentation - refer to page F-11 of the Corteva, Inc. Consolidated Financial Statements •Note 2 - Summary of Significant Accounting Policies - refer to page F-12 of the Corteva, Inc. Consolidated Financial Statements •Note 3 - Recent Accounting Guidance - refer to page F-17 of the Corteva, Inc. Consolidated Financial Statements •Note 4 - Revenue - refer to page F-17 of the Corteva, Inc. Consolidated Financial Statements •Note 5 - Restructuring and Asset Related Charges - Net - refer to page F-20 of the Corteva, Inc. Consolidated Financial Statements •Note 6 - Supplementary Information - refer to page F-23 of the Corteva, Inc. Consolidated Financial Statements •Note 7 - Income Taxes - Differences exist between Corteva, Inc. and EIDP; refer to EIDP Note 3 - Income Taxes, of the EIDP Consolidated Financial Statements, below •Note 8 - Earnings Per Share of Common Stock - Not applicable for EIDP •Note 9 - Accounts and Notes Receivable - Net - refer to page F-29 of the Corteva, Inc. Consolidated Financial Statements •Note 10 - Inventories - refer to page F-30 of the Corteva, Inc. Consolidated Financial Statements •Note 11 - Property, Plant and Equipment - refer to page F-30 of the Corteva, Inc. Consolidated Financial Statements •Note 12 - Goodwill and Other Intangible Assets - refer to page F-31 of the Corteva, Inc. Consolidated Financial Statements •Note 13 - Leases - refer to page F-32 of the Corteva, Inc. Consolidated Financial Statements •Note 14 - Long-Term Debt and Available Credit Facilities - refer to page F-34 of the Corteva, Inc. Consolidated Financial Statements. In addition, EIDP has a related party loan payable to Corteva, Inc.; refer to EIDP Note 2 - Related Party Transactions, of the EIDP Consolidated Financial Statements, below •Note 15 - Commitments and Contingent Liabilities - refer to page F-36 of the Corteva, Inc. Consolidated Financial Statements •Note 16 - Stockholders' Equity - refer to page F-43 of the Corteva, Inc. Consolidated Financial Statements •Note 17 - Pension Plans and Other Post Employment Benefits - refer to page F-46 of the Corteva, Inc. Consolidated Financial Statements •Note 18 - Stock-Based Compensation - refer to page F-55 of the Corteva, Inc. Consolidated Financial Statements •Note 19 - Financial Instruments - refer to page F-57 of the Corteva, Inc. Consolidated Financial Statements •Note 20 - Fair Value Measurements - refer to page F-62 of the Corteva, Inc. Consolidated Financial Statements •Note 21 - Geographic Information - refer to page F-63 of the Corteva, Inc. Consolidated Financial Statements •Note 22 - Segment Information - Differences exist between Corteva, Inc. and EIDP; refer to EIDP Note 4 - Segment Information, of the EIDP Consolidated Financial Statements, below

EIDP Income Taxes (Notes)

12 Months Ended

Dec. 31, 2022

INCOME TAXES

Domestic and foreign components of the income (loss) from continuing operations before income taxes and the provision for (benefit from) current and deferred tax expense (benefit) are shown below:


Geographic Allocation of Income (Loss) and Provision for (Benefit from) Income Taxes	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations before income taxes
Domestic	$	(1)	$	941	$	(83)
Foreign	1,427		1,405		758
Income (loss) from continuing operations before income taxes	$	1,426	$	2,346	$	675
Current tax expense (benefit)
Federal	$	65	$	(13)	$	28
State and local	21		6		9
Foreign	403		329		222
Total current tax expense (benefit)	$	489	$	322	$	259
Deferred tax expense (benefit)
Federal	$	(170)	$	164	$	(116)
State and local	(39)		55		27
Foreign	(70)		(17)		(251)
Total deferred tax expense (benefit)	$	(279)	$	202	$	(340)
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Net income (loss) from continuing operations after taxes	$	1,216	$	1,822	$	756


Reconciliation to U.S. Statutory Rate	For the Year Ended December 31,
	2022		2021		2020
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Effective tax rates on international operations - net1	(3.5)		(2.5)		(13.9)
Acquisitions, divestitures and ownership restructuring activities2	(5.4)		(0.1)		(0.3)
U.S. research and development credit	(2.2)		(2.4)		(2.9)
Exchange gains/losses3	3.7		1.9		3.5
State and local incomes taxes - net	0.3		2.1		4.0
Impact of Swiss Tax Reform4	—		0.2		(27.0)
Excess tax benefits/deficiencies from stock compensation	(0.7)		(0.2)		1.0
Tax settlements and expiration of statute of limitations	0.1		—		0.4

Repatriation of foreign earnings5,6	1.7		1.0		1.0
Other – net5	(0.3)		1.3		1.2
Effective tax rate on income from continuing operations	14.7	%	22.3	%	(12.0)	%

6. Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.

Significant components of the company's net deferred tax asset (liability) were attributable to:


Deferred Tax Balances at December 31,	2022				2021
(In millions)	Assets		Liabilities		Assets		Liabilities
Property	$	—	$	447	$	—	$	341
Operating loss and tax credit carryforwards1	363		—		464		—
Accrued employee benefits	680		—		904		—
Other accruals and reserves3	545		—		372		—
Intangibles	—		2,106		—		2,260
Inventory	198		—		153		—
Research and development capitalization	418		—		224		—
Investments	40		—		36		—
Unrealized exchange gains/losses	—		29		—		10
Other – net3	40		—		42		—
Subtotal	$	2,284	$	2,582	$	2,195	$	2,611
Valuation allowances2	(342)		—		(366)		—
Total	$	1,942	$	2,582	$	1,829	$	2,611
Net Deferred Tax Asset (Liability)	$	(640)			$	(782)

1. Primarily related to the realization of recorded tax benefits on tax loss and credit carryforwards from operations in the United States and Spain.

Details of the company’s operating loss and tax credit carryforwards are shown in the following table:


Operating Loss and Tax Credit Carryforwards	Deferred Tax Asset
(In millions)	2022		2021
Operating loss carryforwards
Expire within 5 years	$	127	$	123
Expire after 5 years or indefinite expiration	158		210
Total operating loss carryforwards	$	285	$	333
Tax credit carryforwards
Expire within 5 years	$	15	$	14
Expire after 5 years or indefinite expiration	63		117
Total tax credit carryforwards	$	78	$	131
Total Operating Loss and Tax Credit Carryforwards	$	363	$	464

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits is as follows:


Total Gross Unrecognized Tax Benefits	For the Year Ended December 31,
(In millions)	2022		2021		2020
Total unrecognized tax benefits as of beginning of period	$	377	$	395	$	426
Decreases related to positions taken on items from prior years	(3)		(7)		(14)
Increases related to positions taken on items from prior years	4		13		5
Increases related to positions taken in the current year	11		9		6
Settlement of uncertain tax positions with tax authorities	(24)		(17)		(18)
Decreases due to expiration of statutes of limitations	(5)		(16)		(7)
Exchange (gain) loss	(3)		—		(3)
Total unrecognized tax benefits as of end of period	$	357	$	377	$	395
Total unrecognized tax benefits that, if recognized, would impact the effective tax rate	$	139	$	157	$	156
Total amount of interest and penalties (benefits) recognized in provision for (benefit from) income taxes on continuing operations	$	1	$	1	$	(2)
Total accrual for interest and penalties associated with unrecognized tax benefits at end of period	$	13	$	11	$	18

Tax years that remain subject to examination for the company’s major tax jurisdictions are shown below:


Tax Years Subject to Examination by Major Tax Jurisdiction at December 31, 2022			Earliest Open Year
Jurisdiction
Argentina			2016
Brazil			2015
Canada			2012
China			2014
France			2019
India			2020
Italy			2017
Switzerland			2016
United States:
Federal income tax			2012
State and local income tax			2008

Income Tax Disclosure [Text Block]

Refer to page F-25 of the Corteva, Inc. Consolidated Financial Statements for discussion of tax items that do not differ between Corteva, Inc. and EIDP.


Geographic Allocation of Income (Loss) and Provision for (Benefit from) Income Taxes	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations before income taxes
Domestic	$	(46)	$	892	$	(183)
Foreign	1,427		1,404		758
Income (loss) from continuing operations before income taxes	$	1,381	$	2,296	$	575
Current tax expense (benefit)
Federal	$	56	$	(23)	$	8
State and local	19		4		5
Foreign	403		329		222
Total current tax expense (benefit)	$	478	$	310	$	235
Deferred tax expense (benefit)
Federal	$	(170)	$	164	$	(116)
State and local	(39)		55		27
Foreign	(70)		(17)		(251)
Total deferred tax expense (benefit)	$	(279)	$	202	$	(340)
Provision for (benefit from) income taxes on continuing operations	199		512		(105)
Net income (loss) from continuing operations	$	1,182	$	1,784	$	680


Reconciliation to U.S. Statutory Rate	For the Year Ended December 31,
	2022		2021		2020
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Effective tax rates on international operations - net1	(3.6)		(2.6)		(16.4)
Acquisitions, divestitures and ownership restructuring activities2	(5.5)		(0.1)		(0.3)
U.S. research and development credit	(2.3)		(2.5)		(3.4)
Exchange gains/losses3	3.8		1.9		4.1
State and local income taxes - net	0.2		2.2		4.2
Impact of Swiss Tax Reform4	—		0.2		(31.7)
Excess tax benefits/deficiencies from stock compensation	(0.7)		(0.2)		1.2
Tax settlements and expiration of statute of limitations	0.1		—		0.4
Repatriation of foreign earnings5,6	1.7		1.0		1.2
Other – net5	(0.3)		1.3		1.4
Effective tax rate	14.4	%	22.2	%	(18.3)	%

1. Includes the effects of local and U.S. taxes related to earnings of non-U.S. subsidiaries, changes in the amount of unrecognized tax benefits associated with these earnings, losses at non-U.S. subsidiaries without local tax benefits due to valuation allowances, and other permanent differences between tax and U.S. GAAP results. Includes a tax benefit of $(36) million for the year ended December 31, 2022, relating to the release of a valuation allowance recorded against the net deferred tax asset position of a legal entity in Brazil. Includes a tax benefit of $(51) million for the year ended December 31, 2020, related to a return to accrual adjustment associated with an elective change in accounting method that alters the 2019 impact of foreign tax provisions.

4. Reflects tax benefits of $(182) million primarily driven by the recognition of an elective cantonal component of the recent enactment of the Federal Act on Tax Reform and AHV Financing ("Swiss Tax Reform") for the year ended December 31, 2020.

6. Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.

Segment Reporting Information [Line Items]

EIDP Segment FN (Notes)

12 Months Ended

Dec. 31, 2022

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION

Corporate Profile

The company conducts its global operations through the following reportable segments:

Seed

Crop Protection


(In millions)	Seed		Crop Protection		Total
As of and for the Year Ended December 31, 2022
Net sales	$	8,979	$	8,476	$	17,455
Segment operating EBITDA	$	1,656	$	1,684	$	3,340
Depreciation and amortization	$	839	$	384	$	1,223
Segment assets	$	22,952	$	14,097	$	37,049
Investments in nonconsolidated affiliates	$	35	$	67	$	102
Purchases of property, plant and equipment	$	225	$	380	$	605
As of and for the Year Ended December 31, 2021
Net sales	$	8,402	$	7,253	$	15,655
Segment operating EBITDA	$	1,512	$	1,202	$	2,714
Depreciation and amortization	$	866	$	377	$	1,243
Segment assets	$	23,270	$	12,428	$	35,698
Investments in nonconsolidated affiliates	$	29	$	47	$	76
Purchases of property, plant and equipment	$	237	$	336	$	573
As of and for the Year Ended December 31, 2020
Net sales	$	7,756	$	6,461	$	14,217
Segment operating EBITDA	$	1,208	$	1,004	$	2,212
Depreciation and amortization	$	798	$	379	$	1,177
Segment assets	$	23,751	$	13,099	$	36,850
Investments in nonconsolidated affiliates	$	22	$	44	$	66
Purchase of property, plant and equipment	$	225	$	250	$	475

Reconciliation to Consolidated Financial Statements


Income (loss) from continuing operations after income taxes to segment operating EBITDA	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,216	$	1,822	$	756
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Income (loss) from continuing operations before income taxes	1,426		2,346		675
Depreciation and amortization	1,223		1,243		1,177
Interest income	(124)		(77)		(56)
Interest expense	79		30		45
Exchange (gains) losses - net	229		54		174
Non-operating (benefits) costs - net1	(111)		(1,256)		(316)

Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges2	—		—
Significant items	502		236		388
Corporate expenses	116		138		125
Segment operating EBITDA	$	3,340	$	2,714	$	2,212


Segment assets to total assets (in millions)	December 31, 2022		December 31, 2021
Total segment assets	$	37,049	$	35,698
Corporate assets	5,569		6,646

Total assets	$	42,618	$	42,344

Significant Pre-tax (Charges) Benefits Not Included in Segment Operating EBITDA

The years ended December 31, 2022, 2021 and 2020, respectively, included the following significant pre-tax (charges) benefits which are excluded from segment operating EBITDA:


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2022
Restructuring and Asset Related Charges - Net1	$	(228)	$	(37)	$	(98)	$	(363)
Estimated settlement expense2	—		(87)		—		(87)
Inventory write-offs3	(33)		—		—		(33)
Gain on sale of business3	—		15		—		15
Loss on exit of non-strategic asset3	(5)		—		—		(5)
Settlement costs associated with Russia Exit3	(8)		—		—		(8)
Employee Retention Credit	6		3		—		9
AltEn facility remediation charges	(33)		—		—		(33)
Seed sale associated with Russia Exit3,4	3		—		—		3
Total	$	(298)	$	(106)	$	(98)	$	(502)


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2021
Restructuring and Asset Related Charges - Net1	$	(152)	$	(59)	$	(78)	$	(289)
Equity securities mark-to-market gain (loss)	47		—		—		47
Employee Retention Credit	37		23		—		60
Contract termination	(30)		(24)		—		(54)
Total	$	(98)	$	(60)	$	(78)	$	(236)


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2020
Restructuring and Asset Related Charges - Net1	$	(165)	$	(109)	$	(61)	$	(335)
Loss on sale of asset5	—		(53)		—		(53)
Total	$	(165)	$	(162)	$	(61)	$	(388)

2.Consists of estimated Lorsban® related charges.

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

5.Includes a loss recorded in other income (expense) - net in the Consolidated Statement of Operations related to the sale of the La Porte site.

Segment Reporting Information [Line Items]

Segment Reporting Disclosure [Text Block]

SEGMENT INFORMATION There are no differences in reporting structure or segments between Corteva, Inc. and EIDP. In addition, there are no differences between Corteva, Inc. and EIDP segment net sales, segment operating EBITDA, segment assets, or significant items by segment; refer to page F-64 of the Corteva, Inc. Consolidated Financial Statements for background information on the segments as well as further details regarding segment metrics. The tables below reconcile income (loss) from continuing operations after income taxes to segment operating EBITDA, as differences exist between Corteva, Inc. and EIDP.

Reconciliation to Consolidated Financial Statements


Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	For the Year Ended December 31,
	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,182	$	1,784	$	680
Provision for (benefit from) income taxes on continuing operations	199		512		(105)
Income (loss) from continuing operations before income taxes	1,381		2,296		575
Depreciation and amortization	1,223		1,243		1,177
Interest income	(124)		(77)		(56)
Interest expense	124		80		145
Exchange losses - net	229		54		174
Non-operating (benefits) costs - net1	(111)		(1,256)		(316)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges2	—		—		—
Significant items	502		236		388
Corporate expenses	116		138		125
Segment operating EBITDA	$	3,340	$	2,714	$	2,212

Cash and Cash Equivalents

Background and Basis of Presentation (Policies)	12 Months Ended
Background and Basis of Presentation (Policies)	Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Intended Business Separations [Policy Text Block]	Subsequent to the Merger, Historical Dow and EIDP engaged in a series of internal reorganization and realignment steps to realign their businesses into three subgroups: agriculture, materials science and specialty products ("Internal Reorganization"). On April 1, 2019, DowDuPont completed the separation of its materials science business into a separate and independent public company by way of a distribution of Dow common stock to holders of DowDuPont's common stock (the “Dow Distribution” and together with the Corteva Distribution, the “Distributions”). On April 1, 2019, Historical Dow entities, which held certain assets and liabilities aligned with Historical Dow’s agriculture business and the assets and liabilities associated with its specialty products business, respectively, were transferred and conveyed to DowDuPont. On April 1, 2019 and May 1, 2019, EIDP’s materials science and specialty products entities, along with their respective assets and liabilities, were conveyed to Dow and DowDuPont, respectively. On May 2, 2019, DowDuPont conveyed Historical Dow agricultural entities to EIDP. On May 6, 2019, the Board of Directors of DowDuPont approved the distribution of all the then issued and outstanding shares of common stock of Corteva, Inc., then a wholly-owned subsidiary of DowDuPont, to DowDuPont stockholders. On May 31, 2019, DowDuPont contributed EIDP to Corteva, Inc. and on June 1, 2019, the Separation was completed. Information related to the Corteva Distribution and its effect on the company's financial statements is discussed throughout these Notes to the Consolidated Financial Statements.
Basis of Accounting, Policy [Policy Text Block]	During the first quarter 2020, the company recorded an increase of $40 million to APIC relating to net assets recorded as transferred as part of the 2019 Internal Reorganizations that were retained.
Specialty Products Disposal [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operations, Policy [Policy Text Block]	Since 2018, Argentina has been considered a hyper-inflationary economy under U.S. GAAP and therefore the U.S. Dollar (“USD”) is the functional currency for our related subsidiaries. Argentina contributes approximately 5 percent to both the company's annual Sales and Segment Operating EBITDA. We remeasure net monetary assets and translate our financial statements utilizing the official Argentine Peso (“Peso”) to USD exchange rate. The ability to draw down Peso cash balances is limited at this time due to government restrictions and market availability of U.S. Dollars. The devaluation of the Peso relative to the USD over the last several years has resulted in the recognition of exchange losses (refer to Note 6 – Supplementary Information, to the Consolidated Financial Statements). As of December 31, 2022, a further 10 percent deterioration in the official Peso to USD exchange rate would reduce the USD value of our net monetary assets and negatively impact pre-tax earnings by approximately $15 million. We will continue to assess the implications to our operations and financial reporting.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Basis of Consolidation

The Consolidated Financial Statements include the accounts of the company and subsidiaries in which a controlling interest is maintained. For those consolidated subsidiaries in which the company's ownership is less than 100 percent, the outside stockholders' interests are shown as noncontrolling interests. Investments in affiliates over which the company has the ability to exercise significant influence but does not have a controlling interest are accounted for under the equity method. The company is also involved with certain joint ventures accounted for under the equity method of accounting that are variable interest entities ("VIEs"). The company is not the primary beneficiary, as the nature of the company's involvement with the VIEs does not provide it the power to direct the VIEs significant activities. Future events may require these VIEs to be consolidated if the company becomes the primary beneficiary. At December 31, 2022 and 2021, the maximum exposure to loss related to the nonconsolidated VIEs is not considered material to the Consolidated Financial Statements.

Use of Estimates

Use of Estimates in Financial Statement PreparationThe preparation of financial statements in accordance with U.S. GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The company’s consolidated financial statements include amounts that are based on management’s best estimates and judgments. Actual results could differ from those estimates.

Cash and Cash EquivalentsCash equivalents represent investments with maturities of three months or less from time of purchase. They are carried at cost plus accrued interest.

Restricted Cash

Restricted Cash Equivalents

Marketable Securities

Fair Value Measurements

The company uses the following valuation techniques to measure fair value for its assets and liabilities:


Level 1	–	Quoted market prices in active markets for identical assets or liabilities;

Level 2	–	Significant other observable inputs (e.g. quoted prices for similar items in active markets, quoted prices for identical or similar items in markets that are not active, inputs other than quoted prices that are observable such as interest rate and yield curves, and market-corroborated inputs);

Level 3	–	Unobservable inputs for the asset or liability, which are valued based on management's estimates of assumptions that market participants would use in pricing the asset or liability.

Foreign Currency Translation

Inventories

The company establishes an obsolescence reserve for inventory based upon quality considerations and assumptions about future demand and market conditions.

Property, Plant and Equipment

Goodwill and Other Intangible Assets

Leases

Impairment of Long-Lived Assets

Derivative Instruments

Environmental Matters

Revenue Recognition

Royalty Expense

Prepaid Royalties

Cost of Goods Sold

Cost of Goods Sold Cost of goods sold primarily includes the cost of manufacture and delivery, ingredients or raw materials, direct salaries, wages and benefits and overhead, non-capitalizable costs associated with capital projects, royalties and other operational expenses. No amortization of intangibles is included within cost of goods sold.

Research and Development

Selling, General and Administrative Expenses

Selling, General and Administrative Expenses Selling, general and administrative expenses primarily include selling and marketing expenses, commissions, functional costs, and business management expenses.

Litigation

Litigation and Other ContingenciesAccruals for legal matters and other contingencies are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Legal costs, such as outside counsel fees and expenses, are charged to expense in the period incurred.

Severance Costs

Severance CostsSeverance benefits are provided to employees under the company's ongoing benefit arrangements. Severance costs are accrued when management commits to a plan of termination and it becomes probable that employees will be entitled to benefits at amounts that can be reasonably estimated.

Insurance and Self Insurance

Insurance/Self-Insurance

Income Taxes

Earnings Per Share, Policy [Policy Text Block]

Earnings per Common Share

Segment Reporting

Recent Accounting Guidance Recent Accounting Guidance (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Recent Accounting Guidance	RECENT ACCOUNTING GUIDANCE Recently Adopted Accounting Guidance In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance, which requires business entities to disclose transactions with a governmental entity for which a grant or contribution accounting model is used in recognizing and measuring such transactions. This standard is effective for fiscal years beginning after December 15, 2021, and early adoption is permitted. The company adopted this guidance on January 1, 2022 and it did not have a material impact on the company’s disclosures. Accounting Guidance Issued But Not Adopted as of December 31, 2022 In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This ASU includes amendments that require a buyer in supplier finance programs to disclose key terms of the programs and related obligations, including a rollforward of such obligations. This guidance is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the rollforward requirement, which is effective for fiscal years beginning after December 15, 2023, and early adoption is permitted. Retrospective application to all periods in which a balance sheet is presented is required, except for the rollforward requirement, which will be applied prospectively. The adoption of this guidance will result in the company being required to include certain disclosures relating to supplier financing programs and related obligations.

Revenue from Contract with Customer (Policies)	12 Months Ended
Revenue from Contract with Customer (Policies)	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition, Sales of Goods	Products Substantially all of Corteva's revenue is derived from product sales. Product sales consist of sales of Corteva's products to farmers, distributors, and manufacturers. Corteva considers purchase orders, which in some cases are governed by master supply agreements, to be a contract with a customer. Contracts with customers are considered to be short-term when the time between order confirmation and satisfaction of the performance obligations is equal to or less than one year. However, the company has some long-term contracts which can span multiple years. Revenue from product sales is recognized when the customer obtains control of the company's product, which occurs at a point in time according to shipping terms. Payment terms are generally less than one year from invoicing. The company elected the practical expedient and does not adjust the promised amount of consideration for the effects of a significant financing component when the company expects it will be one year or less between when a customer obtains control of the company's product and when payment is due. When the company performs shipping and handling activities after the transfer of control to the customer (e.g., when control transfers prior to or at shipment), these are considered fulfillment activities, and accordingly, the costs are accrued when the related revenue is recognized. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues. In addition, the company elected the practical expedient to expense any costs to obtain contracts as incurred, as the amortization period for these costs would have been one year or less. The transaction price includes estimates of variable consideration, such as rights of return, rebates, and discounts, that are reductions in revenue. All estimates are based on the company's historical experience, anticipated performance, and the company's best judgment at the time the estimate is made. Estimates of variable consideration included in the transaction price primarily utilize the expected value method based on historical experience. These estimates are reassessed each reporting period and are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur upon resolution of uncertainty associated with the variable consideration. The majority of contracts have a single performance obligation satisfied at a point in time and the transaction price is stated in the contract, usually as quantity times price per unit. For contracts with multiple performance obligations, the company allocates the transaction price to each performance obligation based on the relative standalone selling price. The standalone selling price is the observable price which depicts the price as if sold to a similar customer in similar circumstances.
Revenue Recognition, Services, Licensing Fees	Licenses of Intellectual PropertyCorteva enters into licensing arrangements with customers under which it licenses its intellectual property. Revenue from the majority of intellectual property licenses is derived from sales-based royalties. Revenue for licensing agreements that contain sales-based royalties is recognized at the later of (i) when the subsequent sale occurs or (ii) when the performance obligation to which some or all of the royalty has been allocated is satisfied.

Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Contract Balances [Table Text Block]


Contract Balances	December 31, 2022		December 31, 2021
(In millions)	December 31, 2022		December 31, 2021
Accounts and notes receivable - trade1	$	4,261	$	3,561
Contract assets - current2	$	26	$	24
Contract assets - noncurrent3	$	64	$	58
Deferred revenue - current	$	3,388	$	3,201
Deferred revenue - noncurrent4	$	107	$	120

1.Included in accounts and notes receivable - net in the Consolidated Balance Sheets.

2.Included in other current assets in the Consolidated Balance Sheets.

3.Included in other assets in the Consolidated Balance Sheets.

4.Included in other noncurrent obligations in the Consolidated Balance Sheets.

Geography [Member]

Disaggregation of Revenue [Table Text Block]


Seed	For the Year Ended December 31,
(In millions)	2022		2021		2020
North America1	$	5,178	$	5,004	$	4,795
EMEA2	1,609		1,599		1,468
Latin America	1,758		1,420		1,117
Asia Pacific	434		379		376
Total	$	8,979	$	8,402	$	7,756


Crop Protection	For the Year Ended December 31,
(In millions)	2022		2021		2020
North America1	$	3,116	$	2,532	$	2,373
EMEA2	1,647		1,524		1,374
Latin America	2,687		2,125		1,688
Asia Pacific	1,026		1,072		1,026
Total	$	8,476	$	7,253	$	6,461

1.Represents U.S. & Canada.

2.Europe, Middle East, and Africa ("EMEA").

Restructuring and Asset Related Charges (Tables)

12 Months Ended

Dec. 31, 2022

2022 Restructuring Actions

Schedule of Restructuring Reserve by Segment


(In millions)	For the Year Ended December 31, 2022
Seed	$	120
Crop Protection	41
Corporate expenses	111
Total1	$	272

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]


(In millions)	For the Year Ended December 31, 2022
Severance and related benefit costs	$	111
Asset related charges	104
Contract termination charges1	57
Total restructuring and asset related charges - net2	$	272

1.Contract terminations includes early lease terminations.

A reconciliation of the December 31, 2021 to the December 31, 2022 liability balances related to the 2022 Restructuring Actions is summarized below:


(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination1		Total
Balance at December 31, 2021	$	—	$	—	$	—	$	—
Charges to income from continuing operations	111		104		57		272
Payments	(40)		—		(45)		(85)
Asset write-offs	—		(104)		—		(104)
Balance at December 31, 2022	$	71	$	—	$	12	$	83

1.The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete in 2023.

2021 Restructuring Actions [Member]

Schedule of Restructuring Reserve by Segment

The charges related to the 2021 Restructuring Actions related to the segments, as well as corporate expenses, for the years ended December 31, 2022 and 2021 were as follows:


	For the Year Ended December 31,
(In millions)	2022		2021
Seed	$	(1)	$	31
Crop Protection	(1)		55
Corporate expenses	(5)		81
Total	$	(7)	$	167

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table is a summary of charges incurred related to 2021 Restructuring Actions for the years ended December 31, 2022 and 2021:


	For the Year Ended December 31,
(In millions)	2022		2021
Severance and related benefit costs	$	(5)	$	74
Asset related charges	—		51
Contract termination charges	(2)		42
Total restructuring and asset related charges - net	$	(7)	$	167

A reconciliation of the December 31, 2021 to the December 31, 2022 liability balances related to the 2021 Restructuring Actions is summarized below:


(In millions)	Severance and Related Benefit Costs		Asset Related		Contract Termination		Total
Balance at December 31, 2021	$	52	$	—	$	12	$	64
Charges to income from continuing operations	(5)		—		(2)		(7)
Payments	(37)		—		(10)		(47)
Asset write-offs	—		—		—		—
Balance at December 31, 2022	$	10	$	—	$	—	$	10

Execute to Win Productivity Program

Schedule of Restructuring Reserve by Segment

The Execute to Win Productivity Program charges related to the segments, as well as corporate expenses for the years ended December 31, 2022, 2021, and 2020, were as follows:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Seed	$	—	$	—	$	15
Crop Protection	(4)		11		98
Corporate expenses	(8)		(2)		63
Total	$	(12)	$	9	$	176

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table is a summary of charges incurred related to the Execute to Win Productivity Program for the years ended December 31, 2022, 2021 and 2020:


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Severance and related benefit costs - net	$	(8)	$	(2)	$	63
Asset related charges	(4)		11		113
Total restructuring and asset related charges - net	$	(12)	$	9	$	176

Supplementary Information (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Other Nonoperating Income (Expense)


Other Income (Expense) - Net	For the Year Ended December 31,
(In millions)	2022		2021		2020
Interest income	$	124	$	77	$	56
Equity in earnings (losses) of affiliates - net	20		14		—
Net gain (loss) on sales of businesses and other assets1	18		21		(2)
Net exchange gains (losses)2	(229)		(54)		(174)
Non-operating pension and other post employment benefit credits (costs)3	163		1,318		368
Miscellaneous income (expenses) - net4	(156)		(28)		(36)
Other income (expense) - net	$	(60)	$	1,348	$	212

Foreign Currency Exchange Gain (Loss)


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Subsidiary Monetary Position Gain (Loss)
Pre-tax exchange gain (loss)	$	(217)	$	(72)	$	(263)
Local tax (expenses) benefits	(10)		(30)		34
Net after-tax impact from subsidiary exchange gain (loss)	$	(227)	$	(102)	$	(229)

Hedging Program Gain (Loss)
Pre-tax exchange gain (loss)	$	(12)	$	18	$	89
Tax (expenses) benefits	5		(4)		(21)
Net after-tax impact from hedging program exchange gain (loss)	$	(7)	$	14	$	68

Total Exchange Gain (Loss)
Pre-tax exchange gain (loss)	$	(229)	$	(54)	$	(174)
Tax (expenses) benefits	(5)		(34)		13
Net after-tax exchange gain (loss)	$	(234)	$	(88)	$	(161)

Restrictions on Cash and Cash Equivalents


(In millions)	December 31, 2022		December 31, 2021
Cash and cash equivalents	$	3,191	$	4,459
Restricted cash equivalents	427		377
Total cash, cash equivalents and restricted cash equivalents	$	3,618	$	4,836

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Geographic Allocation of Income and Provision for Income Taxes


Geographic Allocation of Income (Loss) and Provision for (Benefit from) Income Taxes	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations before income taxes
Domestic	$	(1)	$	941	$	(83)
Foreign	1,427		1,405		758
Income (loss) from continuing operations before income taxes	$	1,426	$	2,346	$	675
Current tax expense (benefit)
Federal	$	65	$	(13)	$	28
State and local	21		6		9
Foreign	403		329		222
Total current tax expense (benefit)	$	489	$	322	$	259
Deferred tax expense (benefit)
Federal	$	(170)	$	164	$	(116)
State and local	(39)		55		27
Foreign	(70)		(17)		(251)
Total deferred tax expense (benefit)	$	(279)	$	202	$	(340)
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Net income (loss) from continuing operations after taxes	$	1,216	$	1,822	$	756

Reconciliation to US Statutory Rate


Reconciliation to U.S. Statutory Rate	For the Year Ended December 31,
	2022		2021		2020
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Effective tax rates on international operations - net1	(3.5)		(2.5)		(13.9)
Acquisitions, divestitures and ownership restructuring activities2	(5.4)		(0.1)		(0.3)
U.S. research and development credit	(2.2)		(2.4)		(2.9)
Exchange gains/losses3	3.7		1.9		3.5
State and local incomes taxes - net	0.3		2.1		4.0
Impact of Swiss Tax Reform4	—		0.2		(27.0)
Excess tax benefits/deficiencies from stock compensation	(0.7)		(0.2)		1.0
Tax settlements and expiration of statute of limitations	0.1		—		0.4

Repatriation of foreign earnings5,6	1.7		1.0		1.0
Other – net5	(0.3)		1.3		1.2
Effective tax rate on income from continuing operations	14.7	%	22.3	%	(12.0)	%

5. Prior year amounts in "other - net" and "repatriation of foreign earnings" for the years ended December 31, 2021 and 2020 have been reclassified from their previous presentation to conform to the current year's presentation. 6. Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.

Deferred Tax Balances


Deferred Tax Balances at December 31,	2022				2021
(In millions)	Assets		Liabilities		Assets		Liabilities
Property	$	—	$	447	$	—	$	341
Operating loss and tax credit carryforwards1	363		—		464		—
Accrued employee benefits	680		—		904		—
Other accruals and reserves3	545		—		372		—
Intangibles	—		2,106		—		2,260
Inventory	198		—		153		—
Research and development capitalization	418		—		224		—
Investments	40		—		36		—
Unrealized exchange gains/losses	—		29		—		10
Other – net3	40		—		42		—
Subtotal	$	2,284	$	2,582	$	2,195	$	2,611
Valuation allowances2	(342)		—		(366)		—
Total	$	1,942	$	2,582	$	1,829	$	2,611
Net Deferred Tax Asset (Liability)	$	(640)			$	(782)

1. Primarily related to the realization of recorded tax benefits on tax loss and credit carryforwards from operations in the United States and Spain.

Operating Loss and Tax Credit Carryforwards


Operating Loss and Tax Credit Carryforwards	Deferred Tax Asset
(In millions)	2022		2021
Operating loss carryforwards
Expire within 5 years	$	127	$	123
Expire after 5 years or indefinite expiration	158		210
Total operating loss carryforwards	$	285	$	333
Tax credit carryforwards
Expire within 5 years	$	15	$	14
Expire after 5 years or indefinite expiration	63		117
Total tax credit carryforwards	$	78	$	131
Total Operating Loss and Tax Credit Carryforwards	$	363	$	464

Total Gross Unrecognized Tax Benefits


Total Gross Unrecognized Tax Benefits	For the Year Ended December 31,
(In millions)	2022		2021		2020
Total unrecognized tax benefits as of beginning of period	$	377	$	395	$	426
Decreases related to positions taken on items from prior years	(3)		(7)		(14)
Increases related to positions taken on items from prior years	4		13		5
Increases related to positions taken in the current year	11		9		6
Settlement of uncertain tax positions with tax authorities	(24)		(17)		(18)
Decreases due to expiration of statutes of limitations	(5)		(16)		(7)
Exchange (gain) loss	(3)		—		(3)
Total unrecognized tax benefits as of end of period	$	357	$	377	$	395
Total unrecognized tax benefits that, if recognized, would impact the effective tax rate	$	139	$	157	$	156
Total amount of interest and penalties (benefits) recognized in provision for (benefit from) income taxes on continuing operations	$	1	$	1	$	(2)
Total accrual for interest and penalties associated with unrecognized tax benefits at end of period	$	13	$	11	$	18

Tax Year Subject to Examination


Tax Years Subject to Examination by Major Tax Jurisdiction at December 31, 2022			Earliest Open Year
Jurisdiction
Argentina			2016
Brazil			2015
Canada			2012
China			2014
France			2019
India			2020
Italy			2017
Switzerland			2016
United States:
Federal income tax			2012
State and local income tax			2008

Earnings Per Share of Common Stock (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic, by Common Class, Including Two Class Method [Table Text Block]


Earnings (Loss) Per Share Calculations - Basic	For the Year Ended December 31,
(Dollars per share)	2022		2021		2020
Earnings (loss) per share of common stock from continuing operations	$	1.67	$	2.46	$	0.98
(Loss) earnings per share of common stock from discontinued operations	(0.08)		(0.07)		(0.07)
Earnings (loss) per share of common stock	$	1.59	$	2.39	$	0.91

Schedule of Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Table Text Block]


Earnings (Loss) Per Share Calculations - Diluted	For the Year Ended December 31,
(Dollars per share)	2022		2021		2020
Earnings (loss) per share of common stock from continuing operations	$	1.66	$	2.44	$	0.98
(Loss) earnings per share of common stock from discontinued operations	(0.08)		(0.07)		(0.07)
Earnings (loss) per share of common stock	$	1.58	$	2.37	$	0.91

Share Count Information [Table Text Block]


Share Count Information	For the Year Ended December 31,
(Shares in millions)	2022	2021	2020
Weighted-average common shares - basic	720.8	735.9	748.7
Plus dilutive effect of equity compensation plans1	3.7	5.7	2.5

Weighted-average common shares - diluted	724.5	741.6	751.2
Potential shares of common stock excluded from EPS calculations2	1.5	2.8	9.4

Earnings Per Share of Common Stock Reconciliation


Net Income (Loss) for Earnings Per Share Calculations - Basic and Diluted	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,216	$	1,822	$	756
Net income (loss) attributable to continuing operations noncontrolling interests	11		10		20

Income (loss) from continuing operations attributable to Corteva common stockholders	1,205		1,812		736


(Loss) income from discontinued operations attributable to Corteva common stockholders	(58)		(53)		(55)
Net income (loss) attributable to common stockholders	$	1,147	$	1,759	$	681

Accounts and Notes Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Schedule of Accounts and Notes Receivable


(In millions)	December 31, 2022		December 31, 2021
Accounts receivable – trade1	$	4,168	$	3,441
Notes receivable – trade1,2	93		120
Other3	1,440		1,250
Total accounts and notes receivable - net	$	5,701	$	4,811

1.Accounts receivable – trade and notes receivable – trade are net of allowances of $194 million and $210 million at December 31, 2022 and December 31, 2021, respectively.

Accounts Receivable, Allowance for Credit Loss


(In millions)
Balance at December 31, 2020	$	208
Net provision for credit losses	1
Write-offs charged against allowance / other	1
Balance at December 31, 2021	$	210
Net provision for credit losses	(13)
Write-offs charged against allowance / other	(3)
Balance at December 31, 2022	$	194

Inventories (Tables)

12 Months Ended

Dec. 31, 2022

Inventory, Net [Abstract]

Schedule of Inventory, Current [Table Text Block]


(In millions)	December 31, 2022		December 31, 2021
Finished products	$	3,260	$	2,497
Semi-finished products	2,689		2,076
Raw materials and supplies	862		607
Total inventories	$	6,811	$	5,180

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]


(In millions)	December 31, 2022		December 31, 2021
Land and land improvements	$	416	$	420
Buildings	1,541		1,487
Machinery and equipment	6,077		5,729
Construction in progress	517		728
Total property, plant and equipment	8,551		8,364
Accumulated depreciation	(4,297)		(4,035)
Total property, plant and equipment - net	$	4,254	$	4,329

Property, Plant and Equipment - Depreciation Expense [Table Text Block]


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Depreciation expense	$	521	$	521	$	495

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Asset Disclosure [Abstract]

Schedule of Goodwill


(In millions)	Crop Protection		Seed		Total



Balance as of December 31, 2020	$	4,745	$	5,524	$	10,269
Currency translation adjustment	(73)		(87)		(160)
Other goodwill adjustments1	—		(2)		(2)
Balance as of December 31, 2021	$	4,672	$	5,435	$	10,107
Currency translation adjustment	(63)		(72)		(135)
Other goodwill adjustments2	9		(19)		(10)
Balance as of December 31, 2022	$	4,618	$	5,344	$	9,962

1.Consists of the goodwill included in the sale of a business in the seed segment.

Other Intangible Assets


(In millions)	December 31, 2022						December 31, 2021
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Intangible assets subject to amortization (Definite-lived):
Germplasm	$	6,291	$	(826)	$	5,465	$	6,265	$	(571)	$	5,694
Customer-related	1,912		(585)		1,327		1,953		(487)		1,466
Developed technology	1,485		(830)		655		1,485		(679)		806
Trademarks/trade names	2,009		(251)		1,758		2,012		(172)		1,840
Favorable supply contracts1							475		(396)		79
Other2	395		(271)		124		405		(256)		149
Total other intangible assets with finite lives	12,092		(2,763)		9,329		12,595		(2,561)		10,034

Intangible assets not subject to amortization (Indefinite-lived):
IPR&D	10		—		10		10		—		10
Total other intangible assets	10		—		10		10		—		10
Total	$	12,102	$	(2,763)	$	9,339	$	12,605	$	(2,561)	$	10,044

1.Effective November 1, 2022, the favorable supply contracts expired and were fully amortized.

2.Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense


(In millions)
2023	$	619
2024	$	605
2025	$	567
2026	$	557
2027	$	497

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
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Lease, Cost [Table Text Block]

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Operating lease cost	$	152	$	158	$	197
Finance lease cost
Amortization of right-of-use assets	1		1		2

Total finance lease cost	1		1		2
Short-term lease cost	18		14		14
Variable lease cost	8		8		7

Total lease cost	$	179	$	181	$	220

Schedule of Supplemental Cash Flow Information Related to Leases [Table Text Block]


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$	155	$	169	$	202

Financing cash outflows from finance leases	$	1	$	1	$	1

Schedule of Lease Assets and Liabilities [Table Text Block]


(In millions)	December 31, 2022		December 31, 2021
Operating Leases
Operating lease right-of-use assets1	$	460	$	458
Current operating lease liabilities2	119		121
Noncurrent operating lease liabilities3	331		338
Total operating lease liabilities	$	450	$	459

Finance Leases
Property, plant, and equipment, gross	$	14	$	15
Accumulated depreciation	(11)		(11)
Property, plant, and equipment, net	3		4
Short-term borrowings and finance lease obligations	1		1
Long-Term Debt	2		3
Total finance lease liabilities	$	3	$	4

1.Included in other assets in the Consolidated Balance Sheet.

2.Included in accrued and other current liabilities in the Consolidated Balance Sheet.

3.Included in other noncurrent obligations in the Consolidated Balance Sheet.

Lease Term and Discount Rate [Table Text Block]


Lease Term and Discount Rate	December 31, 2022		December 31, 2021
Weighted-average remaining lease term (years)
Operating leases	7.19		7.41
Financing leases	2.36		3.36
Weighted average discount rate
Operating leases	3.14	%	2.75	%
Financing leases	3.29	%	3.29	%

Maturities of Lease Liabilities [Table Text Block]


Maturity of Lease Liabilities at December 31, 2022	Operating Leases		Financing Leases
(In millions)
2023	$	130	$	1
2024	95		1
2025	79		1
2026	65		—
2027	37		—
2028 and thereafter	98		—
Total lease payments	504		3
Less: Interest	54		—
Present value of lease liabilities	$	450	$	3

Long-Term Debt and Available Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Long-Term Debt


Long-Term Debt
	December 31, 2022				December 31, 2021
(In millions)	Amount		Weighted Average Rate		Amount		Weighted Average Rate
Promissory notes and debentures:
Maturing in 2025	$	500	1.70	%	$	500	1.70	%
Maturing in 2030	500		2.30	%	500		2.30	%
Other loans:
Foreign currency loans, various rates and maturities	181		14.80	%	1		6.82	%
Medium-term notes, varying maturities through 2041	107		4.27	%	107		—	%
Finance lease obligations	2				3
Less: Unamortized debt discount and issuance costs	7				10
Less: Long-term debt due within one year	—				1
Total	$	1,283			$	1,100

Committed and Available Credit Facilities

Committed and Available Credit Facilities at December 31, 2022

(In millions)

Effective Date

Committed Credit

Credit Available

Maturity Date

Interest

Revolving Credit Facility

May 2022

3,000

May 2027

Floating Rate

Revolving Credit Facility

May 2022

2,000

May 2025

Floating Rate

364-Day Revolving Credit Facility

May 2022

500

May 2023

Floating Rate

Total Committed and Available Credit Facilities

5,500

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Environmental Loss Contingencies


	As of December 31, 2022
(In millions)	Indemnification Asset		Accrual balance3		Potential exposure above amount accrued3
Environmental Remediation Stray Liabilities
Chemours related obligations - subject to indemnity1,2	$	155	$	155	$	264
Other discontinued or divested businesses obligations1	24		68		191

Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont2	47		49		63

Environmental remediation liabilities not subject to indemnity	—		114		61

Indemnification liabilities related to the MOU4	24		126		28
Total	$	250	$	512	$	607

1.Represents liabilities that are subject the $200 million threshold and sharing arrangements as discussed on page F-37, under the header "Corteva Separation Agreement."

2.The company has recorded an indemnification asset related to these accruals, including $37 million related to the Superfund sites.

3.Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balance includes $61 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPAs October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page F-41 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the NC DEQ.

4.Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page F-36, under the header "Chemours / Performance Chemicals."

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Reconciliation of Common Stock Share Activity


Shares of common stock			Issued
Balance December 31, 2019			748,577,000
Issued			3,384,000
Repurchased and retired			(8,503,000)
Balance December 31, 2020			743,458,000
Issued			4,019,000
Repurchased and retired			(20,950,000)
Balance December 31, 2021			726,527,000
Issued			4,317,000
Repurchased and retired			(17,425,000)
Balance December 31, 2022			713,419,000

Schedule of Noncontrolling Interests Represented by Preferred Stock [Table Text Block]


(Shares in thousands)			Number of Shares
Authorized			23,000
$4.50 Series, callable at $120			1,673
$3.50 Series, callable at $102			700

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]


(In millions)	Cumulative Translation Adjustment1		Derivative Instruments		Pension Benefit Plans		Other Benefit Plans		Unrealized Gain (Loss) on Investments		Total
2020
Balance January 1, 2020	$	(1,944)	$	2	$	(1,247)	$	(81)	$	—	$	(3,270)
Other comprehensive income (loss) before reclassifications	(26)		(81)		(191)		670		(10)		362
Amounts reclassified from accumulated other comprehensive income (loss)	—		12		5		1		—		18
Net other comprehensive income (loss)	(26)		(69)		(186)		671		(10)		380
Balance December 31, 2020	$	(1,970)	$	(67)	$	(1,433)	$	590	$	(10)	$	(2,890)
2021
Other comprehensive income (loss) before reclassifications	$	(573)	$	143	$	996	$	25	$	3	$	594
Amounts reclassified from accumulated other comprehensive income (loss)	—		(4)		41		(646)		7		(602)
Net other comprehensive income (loss)	(573)		139		1,037		(621)		10		(8)

Balance December 31, 2021	$	(2,543)	$	72	$	(396)	$	(31)	$	—	$	(2,898)
2022
Other comprehensive income (loss) before reclassifications	$	(340)	$	63	$	213	$	190	$	—	$	126
Amounts reclassified from accumulated other comprehensive income (loss)	—		(55)		20		1		—		(34)
Net other comprehensive income (loss)	(340)		8		233		191		—		92
Balance December 31, 2022	$	(2,883)	$	80	$	(163)	$	160	$	—	$	(2,806)

Other Comprehensive Income (Loss)


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Derivative instruments	$	3	$	(41)	$	24
Pension benefit plans - net	(68)		(319)		54
Other benefit plans - net	(56)		188		(211)

(Provision for) benefit from income taxes related to other comprehensive income (loss) items	$	(121)	$	(172)	$	(133)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]


(In millions)	For the Year Ended December 31,
	2022		2021		2020
Derivative Instruments1:	$	(63)	$	(13)	$	18
Tax (benefit) expense2	8		9		(6)
After-tax	$	(55)	$	(4)	$	12
Amortization of pension benefit plans:
Prior service (benefit) cost3,4	$	(3)	$	(2)	$	(1)
Actuarial (gains) losses3,4	3		55		4

Settlement (gain) loss3,4	25		1		3
Total before tax	25		54		6
Tax (benefit) expense2	(5)		(13)		(1)
After-tax	$	20	$	41	$	5
Amortization of other benefit plans:
Prior service (benefit) cost3,4	$	(1)	$	(922)	$	—
Actuarial (gains) losses3,4	2		81		1
Curtailment (gain) loss	—		(1)		—

Total before tax	1		(842)		1
Tax (benefit) expense2	—		196		—
After-tax	$	1	$	(646)	$	1
Unrealized (Gain) Loss on Investments4	$	—	$	7	$	—
Tax (benefit) expense2	—		—		—
After-tax	$	—	$	7	$	—
Total reclassifications for the period, after-tax	$	(34)	$	(602)	$	18

1.Reflected in cost of goods sold in the Consolidated Statements of Operations.

2.Reflected in provision for (benefit from) income taxes from continuing operations in the Consolidated Statements of Operations.

4.Reflected in other income (expense) - net in the Consolidated Statements of Operations.

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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Defined Benefit Plan, Assumptions [Table Text Block]

Pension Plans and Other Post Employment Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

The weighted-average assumptions used to determine pension plan obligations for all pension plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Benefit Obligations	December 31, 2022		December 31, 2021
Discount rate	5.17	%	2.82	%
Rate of increase in future compensation levels1	2.83	%	2.55	%

The weighted-average assumptions used to determine net periodic benefit costs for all pension plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Net Periodic Benefit Cost	For the Year Ended December 31,
	2022		2021		2020
Discount rate	3.33	%	2.44	%	3.19	%
Rate of increase in future compensation levels1	2.55	%	2.54	%	2.60	%
Expected long-term rate of return on plan assets	4.51	%	5.73	%	6.25	%

The weighted-average assumptions used to determine benefit obligations for OPEB plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Benefit Obligations	December 31, 2022		December 31, 2021
Discount rate	5.09	%	2.59	%

The weighted-average assumptions used to determine net periodic benefit costs for the OPEB plans are summarized in the table below:


Weighted-Average Assumptions used to Determine Net Periodic Benefit Cost	For the Year Ended December 31,
	2022		2021		2020
Discount rate	2.59	%	2.09	%	3.07	%

Schedule of Pension Plans and Other Postemployment Benefits [Table Text Block]

Summarized information on the company's pension and other post employment benefit plans is as follows:


Change in Projected Benefit Obligations, Plan Assets and Funded Status
	Defined Benefit Pension Plans				Other Post Employment Benefits
(In millions)	For the Year Ended December 31,				For the Year Ended December 31,
	2022		2021		2022		2021
Change in benefit obligations:
Benefit obligation at beginning of the period	$	19,775	$	21,682	$	1,362	$	1,571
Service cost	20		25		1		1
Interest cost	505		364		26		21
Plan participants' contributions	1		3		20		35
Actuarial (gain) loss	(3,759)		(524)		(246)		(33)
Benefits paid	(1,460)		(1,490)		(142)		(233)

Plan amendments	—		(15)		—		—
Other1	(1,080)		(240)		—		—
Effect of foreign exchange rates	(20)		(30)		—		—

Benefit obligations at end of the period	$	13,982	$	19,775	$	1,021	$	1,362

Change in plan assets:
Fair value of plan assets at beginning of the period	$	17,827	$	17,835	$	—	$	—
Actual return on plan assets	(2,765)		1,685		—		—
Employer contributions	60		49		122		198
Plan participants' contributions	1		3		20		35
Benefits paid	(1,460)		(1,490)		(142)		(233)

Other1	(1,080)		(240)		—		—
Effect of foreign exchange rates	1		(15)		—		—

Fair value of plan assets at end of the period	$	12,584	$	17,827	$	—	$	—
Funded status
U.S. plan with plan assets	$	(1,050)	$	(1,471)	$	—	$	—
Non-U.S. plans with plan assets	(30)		(62)		—		—
All other plans 2,3	(318)		(415)		(1,021)		(1,362)
Funded status at end of the period	$	(1,398)	$	(1,948)	$	(1,021)	$	(1,362)

3.Includes pension plans maintained around the world where funding is not customary.


	Defined Benefit Pension Plans				Other Post Employment Benefits
(In millions)	December 31, 2022		December 31, 2021		December 31, 2022		December 31, 2021
Amounts recognized in the Consolidated Balance Sheets:
Other assets	$	3	$	4	$	—	$	—
Accrued and other current liabilities	(35)		(46)		(132)		(144)
Pension and other post employment benefits - noncurrent	(1,366)		(1,906)		(889)		(1,218)

Net amount recognized	$	(1,398)	$	(1,948)	$	(1,021)	$	(1,362)

Pretax amounts recognized in accumulated other comprehensive income (loss):
Net gain (loss)	$	(238)	$	(543)	$	198	$	(50)
Prior service benefit (cost)	23		27		16		17
Pretax balance in accumulated other comprehensive income (loss) at end of year	$	(215)	$	(516)	$	214	$	(33)

Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets [Table Text Block]


Pension Plans with Projected Benefit Obligations in Excess of Plan Assets	December 31, 2022		December 31, 2021
(In millions)
Projected benefit obligations	$	13,832	$	19,519
Fair value of plan assets	12,430		17,567

Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Table Text Block]


Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets	December 31, 2022		December 31, 2021
(In millions)
Accumulated benefit obligations	$	13,676	$	19,501
Fair value of plan assets	12,290		17,567

Schedule of Net Benefit Costs [Table Text Block]



(In millions)	Defined Benefit Pension Plans						Other Post Employment Benefits
	For the Year Ended December 31,						For the Year Ended December 31,
Components of net periodic benefit (credit) cost and amounts recognized in other comprehensive income (loss)	2022		2021		2020		2022		2021		2020
Net Periodic Benefit (Credit) Cost:
Service cost	$	20	$	25	$	26	$	1	$	1	$	2
Interest cost	505		364		559		26		21		66
Expected return on plan assets	(720)		(915)		(1,000)		—		—		—
Amortization of unrecognized loss (gain)	3		55		4		2		81		1
Amortization of prior service (benefit) cost	(3)		(2)		(1)		(1)		(922)		—
Curtailment (gain) loss	—		—		—		—		(1)		—
Settlement loss	25		1		3		—		—		—
Net periodic benefit (credit) cost - Total	$	(170)	$	(472)	$	(409)	$	28	$	(820)	$	69


Changes in plan assets and benefit obligations recognized in other comprehensive income (loss):
Net gain (loss)	$	274	$	1,284	$	(247)	$	246	$	33	$	(59)
Amortization of unrecognized (gain) loss	3		55		4		2		81		1
Prior service benefit (cost)	—		15		3		—		—		939
Amortization of prior service (benefit) cost	(3)		(2)		(1)		(1)		(922)		—
Curtailment (gain) loss	—		—		—		—		(1)		—
Settlement loss	25		1		3		—		—		—

Effect of foreign exchange rates	2		3		(2)		—		—		1



Total benefit (loss) recognized in other comprehensive income (loss), attributable to Corteva	$	301	$	1,356	$	(240)	$	247	$	(809)	$	882
Total recognized in net periodic benefit (credit) cost and other comprehensive income (loss)	$	471	$	1,828	$	169	$	219	$	11	$	813

Schedule of Expected Benefit Payments [Table Text Block]


Estimated Future Benefit Payments at December 31, 2022	Defined Benefit Pension Plans		Other Post Employment Benefits
(In millions)
2023	$	1,305	$	132
2024	1,267		123
2025	1,233		116
2026	1,201		109
2027	1,165		102
Years 2028-2032	5,233		355
Total	$	11,404	$	937

Schedule of Allocation of Plan Assets [Table Text Block]


Target Allocation for Plan Assets	December 31, 2022		December 31, 2021
Asset Category
U.S. equity securities	8	%	11	%
Non-U.S. equity securities	7		11
Fixed income securities	64		58
Hedge funds	3		2
Private market securities	11		8
Real estate	6		5
Cash and cash equivalents	1		5
Total	100	%	100	%


Basis of Fair Value Measurements	Total		Level 1		Level 2		Level 3
For the year ended December 31, 2022
(In millions)
Cash and cash equivalents	$	1,348	$	1,348	$	—	$	—
U.S. equity securities 1	1,200		1,195		2		3
Non-U.S. equity securities	806		806		—		—
Debt – government-issued	1,669		—		1,669		—
Debt – corporate-issued	3,822		—		3,822		—
Debt – asset-backed	695		—		695		—
Hedge funds	3		—		—		3
Private market securities	4		—		—		4
Real estate funds	132		—		—		132
Derivatives – asset position	2		—		2		—

Other	62		—		—		62
Subtotal	$	9,743	$	3,349	$	6,190	$	204
Investments measured at net asset value
Debt - government issued	35
Debt - corporate-issued	3
U.S. equity securities	20
Non-U.S. equity securities	20
Hedge funds	347
Private market securities	1,991
Real estate funds	669

Total investments measured at net asset value	$	3,085
Other items to reconcile to fair value of plan assets
Pension trust receivables 2	161
Pension trust payables 3	(405)
Total	$	12,584

1.The Corteva pension plans directly held $250 million (approximately 2 percent of total plan assets) of Corteva, Inc. common stock at December 31, 2022.

2.Primarily receivables for investments securities sold.

3.Primarily payables for investment securities purchased.


Basis of Fair Value Measurements
For the year ended December 31, 2021
(In millions)	Total		Level 1		Level 2		Level 3
Cash and cash equivalents	$	2,543	$	2,543	$	—	$	—
U.S. equity securities1	2,400		2,394		2		4
Non-U.S. equity securities	1,523		1,523		—		—
Debt – government-issued	3,271		—		3,271		—
Debt – corporate-issued	4,591		—		4,589		2
Debt – asset-backed	682		—		682		—
Private market securities	3		—		—		3
Real estate funds	26		—		—		26


Other	78		—		3		75
Subtotal	$	15,117	$	6,460	$	8,547	$	110
Investments measured at net asset value
Debt - government issued	37
Debt - corporate-issued	7
U.S. equity securities	33
Non-U.S. equity securities	34
Hedge funds	394
Private market securities	1,822
Real estate funds	759
Total investments measured at net asset value	$	3,086
Other items to reconcile to fair value of plan assets
Pension trust receivables2	655
Pension trust payables3	(1,031)
Total	$	17,827

1.The Corteva pension plans directly held $201 million (approximately 1 percent of total plan assets) of Corteva, Inc. common stock at December 31, 2021.

2.Primarily receivables for investments securities sold.

3.Primarily payables for investment securities purchased.

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]


Fair Value Measurement of Level 3 Pension Plan Assets	U.S. equity securities		Non-U.S. equity securities		Debt – corporate-issued		Hedge funds		Private market securities		Real estate		Other		Total
(In millions)
Balance at January 1, 2021	$	5	$	3	$	3	$	—	$	3	$	28	$	73	$	115
Actual return on assets:
Relating to assets sold during the year ended December 31, 2021	1		(1)		(5)		—		—		—		—		(5)
Relating to assets held at December 31, 2021	(3)		(1)		6		—		—		(2)		(2)		(2)
Purchases, sales and settlements, net	1		(1)		(2)		—		—		—		4		2

Balance at December 31, 2021	$	4	$	—	$	2	$	—	$	3	$	26	$	75	$	110
Actual return on assets:
Relating to assets sold during the year ended December 31, 2022	1		—		(15)		—		(9)		—		—		(23)
Relating to assets held at December 31, 2022	—		(13)		13		(8)		10		8		(1)		9
Purchases, sales and settlements, net	(2)		1		—		—		—		(1)		(12)		(14)
Transfers in or out of Level 3, net	—		12		—		11		—		99		—		122
Balance at December 31, 2022	$	3	$	—	$	—	$	3	$	4	$	132	$	62	$	204

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted Average Assumptions - Stock Option Awards


Weighted-Average Assumptions	For the Year ended December 31,
	2022		2021		2020
Dividend yield	1.09	%	1.14	%	1.67	%
Expected volatility	28.95	%	29.44	%	23.14	%
Risk-free interest rate	1.9	%	1.0	%	1.3	%
Expected life of stock options granted during period (years)	6.0		6.0		6.0

OIP [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Option Activity


Stock Options	For the Year Ended December 31, 2022
	Number of Shares (in thousands)	Weighted Average Exercise Price (per share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2022	6,423	$	36.65	5.69	$	68,219

Granted	410	51.16
Exercised	(2,099)	34.01
Forfeited/Expired	(509)	38.78

Outstanding at December 31, 2022	4,225	$	39.13	5.37	$	82,917
Exercisable at December 31, 2022	3,330	$	37.66	4.75	$	70,354

RSU and PSU Activity


RSUs & PSUs	For the Year Ended December 31, 2022
	Number of Shares (in thousands)	Weighted Average Grant Date Fair Value (per share)
Nonvested at January 1, 2022	5,602	$	34.11
Granted	1,664	$	51.99
Vested	(2,847)	$	30.96
Forfeited	(464)	$	37.27
Nonvested at December 31, 2022	3,955	$	43.56

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative [Line items]

Notional Amounts of Derivatives


Notional Amounts (In millions)	December 31, 2022		December 31, 2021
Derivatives designated as hedging instruments:
Foreign currency contracts	$	953	$	1,252
Commodity contracts	$	1,167	$	845
Derivatives not designated as hedging instruments:
Foreign currency contracts	$	430	$	103
Commodity contracts	$	9	$	4

Fair Value of Derivatives Instruments


		December 31, 2022
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	41	$	—	$	41
Commodity Contracts	Other current assets	4		—		4
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	51		(40)		11

Total asset derivatives		$	96	$	(40)	$	56

Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	9	$	—	$	9
Commodity Contracts	Accrued and other current liabilities	3		—		3
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	58		(40)		18

Total liability derivatives		$	70	$	(40)	$	30


		December 31, 2021
(In millions)	Balance Sheet Location	Gross		Counterparty and Cash Collateral Netting1		Net Amounts Included in the Consolidated Balance Sheet
Asset derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Other current assets	$	37	$	—	$	37
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets	31		(20)		11
Commodity contracts	Other current assets	3		—		3
Total asset derivatives		$	71	$	(20)	$	51

Liability derivatives:
Derivatives designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	$	1	$	—	$	1
Derivatives not designated as hedging instruments:
Foreign currency contracts	Accrued and other current liabilities	23		(20)		3
Commodity contracts	Accrued and other current liabilities	2		—		2
Total liability derivatives		$	26	$	(20)	$	6

Effect of Derivative Instruments


	Amount of Gain (Loss) Recognized in OCI1 - Pre-Tax
	For the Year Ended December 31,
(In millions)	2022		2021		2020
Derivatives designated as hedging instruments:
Net investment hedges:
Foreign currency contracts	$	28	$	37	$	(45)
Cash flow hedges:
Foreign currency contracts	(90)		27		(4)
Commodity contracts	130		129		(62)
Total derivatives designated as hedging instruments	$	68	$	193	$	(111)

1.OCI is defined as other comprehensive income (loss).


(in millions)	Amount of (Loss) Gain Recognized in Income - Pre-Tax1
	For the Year Ended December 31,
	2022		2021		2020
Derivatives designated as hedging instruments:
Cash flow hedges:
Foreign currency contracts2	$	(59)	$	(29)	$	17
Commodity contracts2	122		42		(35)
Total derivatives designated as hedging instruments	63		13		(18)
Derivatives not designated as hedging instruments:
Foreign currency contracts3	(12)		18		89
Foreign currency contracts2	(6)		(14)		14
Commodity contracts2	(21)		(18)		9
Total derivatives not designated as hedging instruments	(39)		(14)		112
Total derivatives	$	24	$	(1)	$	94

1.For cash flow hedges, this represents the portion of the gain (loss) reclassified from accumulated OCI into income during the period.

2.Recorded in cost of goods sold in the Consolidated Statement of Operations.

Debt Securities, Held-to-Maturity


Contractual Maturities of Debt Securities1	Amortized Cost		Fair Value
(In millions)	Amortized Cost		Fair Value
Within one year	$	83	$	83
One to five years	$	27	$	27

Schedule of Available-for-sale Securities Reconciliation


Investing Results	For the Year Ended December 31,
(In millions)	2021
Proceeds from sales of available-for-sale securities	$	226
Gross realized losses	$	(7)

Commodity Contract [Member]

Derivative [Line items]

After-Tax Effect of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)


	For the Year Ended December 31,
(In millions)	2022		2021		2020
Beginning balance	$	47	$	(16)	$	2
Additions and revaluations of derivatives designated as cash flow hedges	102		92		(44)
Clearance of hedge results to earnings	(94)		(29)		26
Ending balance	$	55	$	47	$	(16)

Foreign Exchange Contract [Member]

Derivative [Line items]

After-Tax Effect of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)


(In millions)	For the Year Ended December 31,
(In millions)	2022		2021		2020
Beginning balance	$	32	$	(17)	$	—
Additions and revaluations of derivatives designated as cash flow hedges	(61)		24		(3)
Clearance of hedges results to earnings	39		25		(14)
Ending balance	$	10	$	32	$	(17)

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]


Significant Other Observable Inputs		December 31, 2022				December 31, 2021
(In millions)	Level 1	Level 2		Level 1		Level 2
Assets at fair value:
Marketable securities		$	—	$	124	$	—	$	86




Derivatives relating to:1


Foreign currency		—		92		—		68
Commodity Contracts		—		4		—		—
Equity securities2		—		—		48		—
Total assets at fair value		$	—	$	220	$	48	$	154
Liabilities at fair value:
Derivatives relating to:1


Foreign currency		—		67		—		24
Commodity contracts		—		3		—		—
Total liabilities at fair value		$	—	$	70	$	—	$	24

1.See Note 19 - Financial Instruments, to the Consolidated Financial Statements, for the classification of derivatives in the Consolidated Balance Sheets.

2. The company's equity securities are included in other assets in the Consolidated Balance Sheets.

Geographic Information (Tables)

12 Months Ended

Dec. 31, 2022

Geographic Area, Revenues from External Customers [Abstract]

Net Sales by Geographic Area


	Net Sales
	For the Year Ended December 31,
(In millions)	2022		2021		2020
United States	$	7,553	$	6,782	$	6,510
Canada	741		754		658
EMEA	3,256		3,123		2,842
Latin America1	4,445		3,545		2,805
Asia Pacific	1,460		1,451		1,402
Total	$	17,455	$	15,655	$	14,217

1.Net sales for Brazil for the years ended December 31, 2022, 2021 and 2020 were $3,137 million, $2,315 million and $1,724 million, respectively.

Net Property By Geographic Area


	Net Property
	As of December 31,
(In millions)	2022		2021		2020
United States	$	2,992	$	3,051	$	3,014
Canada	116		114		122
EMEA	538		566		601
Latin America	506		468		510
Asia Pacific	102		130		149
Total	$	4,254	$	4,329	$	4,396

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]


(In millions)	Seed		Crop Protection		Total
As of and for the Year Ended December 31, 2022
Net sales	$	8,979	$	8,476	$	17,455
Segment operating EBITDA	$	1,656	$	1,684	$	3,340
Depreciation and amortization	$	839	$	384	$	1,223
Segment assets	$	22,952	$	14,097	$	37,049
Investments in nonconsolidated affiliates	$	35	$	67	$	102
Purchases of property, plant and equipment	$	225	$	380	$	605
As of and for the Year Ended December 31, 2021
Net sales	$	8,402	$	7,253	$	15,655
Segment operating EBITDA	$	1,512	$	1,202	$	2,714
Depreciation and amortization	$	866	$	377	$	1,243
Segment assets	$	23,270	$	12,428	$	35,698
Investments in nonconsolidated affiliates	$	29	$	47	$	76
Purchases of property, plant and equipment	$	237	$	336	$	573
As of and for the Year Ended December 31, 2020
Net sales	$	7,756	$	6,461	$	14,217
Segment operating EBITDA	$	1,208	$	1,004	$	2,212
Depreciation and amortization	$	798	$	379	$	1,177
Segment assets	$	23,751	$	13,099	$	36,850
Investments in nonconsolidated affiliates	$	22	$	44	$	66
Purchase of property, plant and equipment	$	225	$	250	$	475

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]


Income (loss) from continuing operations after income taxes to segment operating EBITDA	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,216	$	1,822	$	756
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Income (loss) from continuing operations before income taxes	1,426		2,346		675
Depreciation and amortization	1,223		1,243		1,177
Interest income	(124)		(77)		(56)
Interest expense	79		30		45
Exchange (gains) losses - net	229		54		174
Non-operating (benefits) costs - net1	(111)		(1,256)		(316)

Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges2	—		—
Significant items	502		236		388
Corporate expenses	116		138		125
Segment operating EBITDA	$	3,340	$	2,714	$	2,212

Reconciliation of Assets from Segment to Consolidated [Table Text Block]


Segment assets to total assets (in millions)	December 31, 2022		December 31, 2021
Total segment assets	$	37,049	$	35,698
Corporate assets	5,569		6,646

Total assets	$	42,618	$	42,344

Schedule of Additional Segment Details [Table Text Block]


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2022
Restructuring and Asset Related Charges - Net1	$	(228)	$	(37)	$	(98)	$	(363)
Estimated settlement expense2	—		(87)		—		(87)
Inventory write-offs3	(33)		—		—		(33)
Gain on sale of business3	—		15		—		15
Loss on exit of non-strategic asset3	(5)		—		—		(5)
Settlement costs associated with Russia Exit3	(8)		—		—		(8)
Employee Retention Credit	6		3		—		9
AltEn facility remediation charges	(33)		—		—		(33)
Seed sale associated with Russia Exit3,4	3		—		—		3
Total	$	(298)	$	(106)	$	(98)	$	(502)


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2021
Restructuring and Asset Related Charges - Net1	$	(152)	$	(59)	$	(78)	$	(289)
Equity securities mark-to-market gain (loss)	47		—		—		47
Employee Retention Credit	37		23		—		60
Contract termination	(30)		(24)		—		(54)
Total	$	(98)	$	(60)	$	(78)	$	(236)


(In millions)	Seed		Crop Protection		Corporate		Total
For the Year Ended December 31, 2020
Restructuring and Asset Related Charges - Net1	$	(165)	$	(109)	$	(61)	$	(335)
Loss on sale of asset5	—		(53)		—		(53)
Total	$	(165)	$	(162)	$	(61)	$	(388)

2.Consists of estimated Lorsban® related charges.

3.Incremental gains (losses) associated with activities related to the 2022 Restructuring Actions.

5.Includes a loss recorded in other income (expense) - net in the Consolidated Statement of Operations related to the sale of the La Porte site.

EIDP Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Geographic Allocation of Income and Provision for Income Taxes


Geographic Allocation of Income (Loss) and Provision for (Benefit from) Income Taxes	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations before income taxes
Domestic	$	(1)	$	941	$	(83)
Foreign	1,427		1,405		758
Income (loss) from continuing operations before income taxes	$	1,426	$	2,346	$	675
Current tax expense (benefit)
Federal	$	65	$	(13)	$	28
State and local	21		6		9
Foreign	403		329		222
Total current tax expense (benefit)	$	489	$	322	$	259
Deferred tax expense (benefit)
Federal	$	(170)	$	164	$	(116)
State and local	(39)		55		27
Foreign	(70)		(17)		(251)
Total deferred tax expense (benefit)	$	(279)	$	202	$	(340)
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Net income (loss) from continuing operations after taxes	$	1,216	$	1,822	$	756

Reconciliation to US Statutory Rate


Reconciliation to U.S. Statutory Rate	For the Year Ended December 31,
	2022		2021		2020
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Effective tax rates on international operations - net1	(3.5)		(2.5)		(13.9)
Acquisitions, divestitures and ownership restructuring activities2	(5.4)		(0.1)		(0.3)
U.S. research and development credit	(2.2)		(2.4)		(2.9)
Exchange gains/losses3	3.7		1.9		3.5
State and local incomes taxes - net	0.3		2.1		4.0
Impact of Swiss Tax Reform4	—		0.2		(27.0)
Excess tax benefits/deficiencies from stock compensation	(0.7)		(0.2)		1.0
Tax settlements and expiration of statute of limitations	0.1		—		0.4

Repatriation of foreign earnings5,6	1.7		1.0		1.0
Other – net5	(0.3)		1.3		1.2
Effective tax rate on income from continuing operations	14.7	%	22.3	%	(12.0)	%

Geographic Allocation of Income and Provision for Income Taxes


Geographic Allocation of Income (Loss) and Provision for (Benefit from) Income Taxes	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations before income taxes
Domestic	$	(46)	$	892	$	(183)
Foreign	1,427		1,404		758
Income (loss) from continuing operations before income taxes	$	1,381	$	2,296	$	575
Current tax expense (benefit)
Federal	$	56	$	(23)	$	8
State and local	19		4		5
Foreign	403		329		222
Total current tax expense (benefit)	$	478	$	310	$	235
Deferred tax expense (benefit)
Federal	$	(170)	$	164	$	(116)
State and local	(39)		55		27
Foreign	(70)		(17)		(251)
Total deferred tax expense (benefit)	$	(279)	$	202	$	(340)
Provision for (benefit from) income taxes on continuing operations	199		512		(105)
Net income (loss) from continuing operations	$	1,182	$	1,784	$	680

Reconciliation to US Statutory Rate


Reconciliation to U.S. Statutory Rate	For the Year Ended December 31,
	2022		2021		2020
Statutory U.S. federal income tax rate	21.0	%	21.0	%	21.0	%
Effective tax rates on international operations - net1	(3.6)		(2.6)		(16.4)
Acquisitions, divestitures and ownership restructuring activities2	(5.5)		(0.1)		(0.3)
U.S. research and development credit	(2.3)		(2.5)		(3.4)
Exchange gains/losses3	3.8		1.9		4.1
State and local income taxes - net	0.2		2.2		4.2
Impact of Swiss Tax Reform4	—		0.2		(31.7)
Excess tax benefits/deficiencies from stock compensation	(0.7)		(0.2)		1.2
Tax settlements and expiration of statute of limitations	0.1		—		0.4
Repatriation of foreign earnings5,6	1.7		1.0		1.2
Other – net5	(0.3)		1.3		1.4
Effective tax rate	14.4	%	22.2	%	(18.3)	%

1. Includes the effects of local and U.S. taxes related to earnings of non-U.S. subsidiaries, changes in the amount of unrecognized tax benefits associated with these earnings, losses at non-U.S. subsidiaries without local tax benefits due to valuation allowances, and other permanent differences between tax and U.S. GAAP results. Includes a tax benefit of $(36) million for the year ended December 31, 2022, relating to the release of a valuation allowance recorded against the net deferred tax asset position of a legal entity in Brazil. Includes a tax benefit of $(51) million for the year ended December 31, 2020, related to a return to accrual adjustment associated with an elective change in accounting method that alters the 2019 impact of foreign tax provisions.

6. Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.

EIDP Segment FN (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting, Asset Reconciling Item [Line Items]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]


Income (loss) from continuing operations after income taxes to segment operating EBITDA	For the Year Ended December 31,
(In millions)	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,216	$	1,822	$	756
Provision for (benefit from) income taxes on continuing operations	210		524		(81)
Income (loss) from continuing operations before income taxes	1,426		2,346		675
Depreciation and amortization	1,223		1,243		1,177
Interest income	(124)		(77)		(56)
Interest expense	79		30		45
Exchange (gains) losses - net	229		54		174
Non-operating (benefits) costs - net1	(111)		(1,256)		(316)

Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges2	—		—
Significant items	502		236		388
Corporate expenses	116		138		125
Segment operating EBITDA	$	3,340	$	2,714	$	2,212

Reconciliation of Assets from Segment to Consolidated [Table Text Block]


Segment assets to total assets (in millions)	December 31, 2022		December 31, 2021
Total segment assets	$	37,049	$	35,698
Corporate assets	5,569		6,646

Total assets	$	42,618	$	42,344

Segment Reporting, Asset Reconciling Item [Line Items]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]


Income (loss) from continuing operations after income taxes to segment operating EBITDA (In millions)	For the Year Ended December 31,
	2022		2021		2020
Income (loss) from continuing operations after income taxes	$	1,182	$	1,784	$	680
Provision for (benefit from) income taxes on continuing operations	199		512		(105)
Income (loss) from continuing operations before income taxes	1,381		2,296		575
Depreciation and amortization	1,223		1,243		1,177
Interest income	(124)		(77)		(56)
Interest expense	124		80		145
Exchange losses - net	229		54		174
Non-operating (benefits) costs - net1	(111)		(1,256)		(316)
Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges2	—		—		—
Significant items	502		236		388
Corporate expenses	116		138		125
Segment operating EBITDA	$	3,340	$	2,714	$	2,212

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

SEC Schedule, 12-09, Allowance, Credit Loss [Member]

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at beginning of period

$ 210

$ 208

$ 174

Additions charged to expenses

Deductions from reserves

^[1]

(19)

(4)

(18)

Balance at end of period

194

210

208

SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]

SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]

Balance at beginning of period

366

453

457

Additions charged to expenses

Deductions from reserves

^[2]

(111)

(184)

(60)

Balance at end of period

$ 342

$ 366

$ 453

[1]	Deductions include write-offs, recoveries collected and currency translation adjustments.
[2]	Deductions include currency translation adjustments.

Background and Basis of Presentation (Details) $ / shares in Units, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020 USD ($)	Dec. 31, 2022 USD ($) $ / shares shares	Feb. 02, 2023 $ / shares	Dec. 31, 2021 $ / shares shares	Jun. 26, 2019 $ / shares	Jun. 03, 2019 $ / shares
Common Stock, Par Value		$ 0.01	$ 0.01	$ 0.01
Common Stock, Shares Authorized \| shares		1,666,667,000		1,666,667,000
Foreign Exchange Impact on Income (Loss) from Continuing Operations \| $		$ 15
Percentage annual sales and EBITDA		5.00%
Percentage deterioration of the official Peso to USD exchange rate		10.00%
Internal Reorganization [Member]
Reclassification of Divisional Equity to Additional Paid in Capital \| $	$ 40
EID [Member]
Common Stock, Par Value		$ 0.30		$ 0.30
Common Stock, Shares Authorized \| shares		1,800,000,000		1,800,000,000
EID [Member] \| Corteva [Member]
Ownership interest in an entity		100.00%
Corteva [Member]
Number of Reportable Segments		2
Common Stock, Par Value					$ 0.01	$ 0.01

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Percentage of FIFO Inventory	55.00%	60.00%
Percentage of Weighted Average Cost Inventory	45.00%	40.00%
Minimum [Member]
Definite-Lived Intangible Asset, Useful Life	2 years
Maximum [Member]
Definite-Lived Intangible Asset, Useful Life	25 years
Other Current Assets [Member]
Prepaid Royalties	$ 224
Restricted Cash	427	$ 377
Other Assets [Member]
Prepaid Royalties - Long-Term	$ 101

Revenue Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligation	$ 131	$ 123
Minimum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligation, Expected Timing of Satisfaction	1 year
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining Performance Obligation, Expected Timing of Satisfaction	6 years

Revenue Contract Balances (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Accounts and notes receivable - trade

^[1]

$ 4,261

$ 3,561

Contract assets - current

^[2]

Contract assets - noncurrent

^[3]

Deferred Revenue Recognized During the Period

3,388

3,201

3,150

2,613

$ 2,540

Other Noncurrent Obligations [Member]

^[4]

$ 107

$ 120

[1]	Included in accounts and notes receivable - net in the Consolidated Balance Sheets.
[2]	Included in other current assets in the Consolidated Balance Sheets.
[3]	Included in other assets in the Consolidated Balance Sheets.
[4]	Included in other noncurrent obligations in the Consolidated Balance Sheets.

Revenue Disaggregation of Revenue - Products (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Net Sales	$ 17,455	$ 15,655	$ 14,217
Seed [Member]
Disaggregation of Revenue [Line Items]
Net Sales	8,979	8,402	7,756
Seed [Member] \| Corn [Member]
Disaggregation of Revenue [Line Items]
Net Sales	5,955	5,618	5,182
Seed [Member] \| Soybean [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,810	1,568	1,445
Seed [Member] \| Other oilseeds [Member]
Disaggregation of Revenue [Line Items]
Net Sales	714	752	619
Seed [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Net Sales	500	464	510
Crop Protection [Member]
Disaggregation of Revenue [Line Items]
Net Sales	8,476	7,253	6,461
Crop Protection [Member] \| Other [Member]
Disaggregation of Revenue [Line Items]
Net Sales	604	398	385
Crop Protection [Member] \| Herbicides [Member]
Disaggregation of Revenue [Line Items]
Net Sales	4,591	3,815	3,280
Crop Protection [Member] \| Insecticides [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,831	1,730	1,764
Crop Protection [Member] \| Fungicides [Member]
Disaggregation of Revenue [Line Items]
Net Sales	$ 1,450	$ 1,310	$ 1,032

Revenue Disaggregation of Revenue - Geo (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

$ 17,455

$ 15,655

$ 14,217

EMEA

3,256

3,123

2,842

Asia Pacific

1,460

1,451

1,402

Latin America

^[1]

4,445

3,545

2,805

Seed [Member]

Seed [Member] | North America [Member]

8,979

8,402

7,756

^[2]

5,178

5,004

4,795

Seed [Member] | EMEA

Seed [Member] | Asia Pacific

^[3]

1,609

1,599

1,468

Seed [Member] | Latin America

434

379

376

1,758

1,420

1,117

Crop Protection [Member]

Crop Protection [Member] | North America [Member]

8,476

7,253

6,461

Crop Protection [Member] | EMEA

^[2]

3,116

2,532

2,373

Crop Protection [Member] | Asia Pacific

^[3]

1,647

1,524

1,374

Crop Protection [Member] | Latin America

1,026

1,072

1,026

$ 2,687

$ 2,125

$ 1,688

[1]	Net sales for Brazil for the years ended December 31, 2022, 2021 and 2020 were $3,137 million, $2,315 million and $1,724 million, respectively.
[2]	Represents U.S. & Canada.
[3]	Europe, Middle East, and Africa ("EMEA")

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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Restructuring and Asset Related Charges 2022 Restructuring Actions (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

2022 Restructuring Actions

$ 363

$ 289

$ 335

restructuring payments, inception-to-date

^[1]

272

(85)

(104)

2022 Restructuring Actions | Minimum [Member]

Anticipated Cash Payments

350

180

2022 Restructuring Actions | Maximum [Member]

Anticipated Cash Payments

420

210

2022 Restructuring Actions | Employee Severance [Member]

111

(40)

2022 Restructuring Actions | Employee Severance [Member] | Minimum [Member]

2022 Restructuring Actions | Employee Severance [Member] | Maximum [Member]

105

2022 Restructuring Actions | Asset Related Charges [Member]

120

104

(104)

2022 Restructuring Actions | Asset Related Charges [Member] | Minimum [Member]

2022 Restructuring Actions | Asset Related Charges [Member] | Maximum [Member]

125

2022 Restructuring Actions | Contract Termination [Member]

150

^[2]

^[2],[3]

^[2]

(45)

^[2]

2022 Restructuring Actions | Contract Termination [Member] | Minimum [Member]

^[2]

$ 0

2022 Restructuring Actions | Contract Termination [Member] | Maximum [Member]

2022 Restructuring Actions | Other [Member] | Minimum [Member]

2022 Restructuring Actions | Other [Member] | Maximum [Member]

2022 Restructuring Actions - Russia Exit

Russia Seed Sale, pre-tax benefit

Russia Seed Sale, net sales

Russia Seed Sale, cost of goods sold

2022 Restructuring Actions - Russia Exit | Employee Severance [Member]

2022 Restructuring Actions - Russia Exit | Asset Related Charges [Member]

2022 Restructuring Actions - Russia Exit | Contract Termination [Member]

2022 Restructuring Actions - Russia Exit | inventory write-offs | cost of goods sold

2022 Restructuring Actions - Russia Exit | Settlement with Taxing Authority | Other Income

2022 Restructuring Actions - Russia Exit | government receivables

Seed [Member] | 2022 Restructuring Actions

Crop Protection [Member] | 2022 Restructuring Actions

120

Corporate, Non-Segment [Member] | 2022 Restructuring Actions

Schedule of Sundry Income (Expense) - Net [Line Items]

$ 111

[1]	This amount excludes the pre-tax charges impacting the Seed segment recorded to cost of goods sold and other income (expense) - net in the company's Consolidated Statement of Operations, relating to inventory write-offs of $33 million, and a gain on sale of a business of $15 million, settlement costs associated with the Russia Exit, and charges associated with the exit of a non-strategic asset of $5 million, respectively. This amount also excludes the Russian Seed Sale, which impacted the Seed segment.
[2]	The liability for contract terminations includes lease obligations. The cash impact of these obligations will be substantially complete in 2023.
[3]	Contract terminations includes early lease terminations.

Restructuring and Asset Related Charges 2021 Restructuring Actions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	$ 363	$ 289	$ 335
2021 Restructuring Actions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	64
Restructuring and asset related charges- net	(7)	167
Payments for Restructuring	(47)
Asset write-offs	0
Restructuring Reserve, Ending Balance	10	64
Restructuring and Related Cost, Cost Incurred to Date	160
2021 Restructuring Actions [Member] \| Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	52
Restructuring and asset related charges- net	(5)	74
Payments for Restructuring	(37)
Asset write-offs	0
Restructuring Reserve, Ending Balance	10	52
Restructuring and Related Cost, Cost Incurred to Date	69
2021 Restructuring Actions [Member] \| Asset Related Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0
Restructuring and asset related charges- net	0	51
Payments for Restructuring	0
Asset write-offs	0
Restructuring Reserve, Ending Balance	0	0
Restructuring and Related Cost, Cost Incurred to Date	45
2021 Restructuring Actions [Member] \| Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	12
Restructuring and asset related charges- net	(2)	42
Payments for Restructuring	(10)
Asset write-offs	0
Restructuring Reserve, Ending Balance	0	12
Restructuring and Related Cost, Cost Incurred to Date	40
2021 Restructuring Actions [Member] \| Asset Retirement Obligation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	6
Seed [Member] \| 2021 Restructuring Actions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	(1)	31
Crop Protection [Member] \| 2021 Restructuring Actions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	(1)	55
Corporate, Non-Segment [Member] \| 2021 Restructuring Actions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	$ (5)	$ 81

Restructuring and Asset Related Charges Execute to Win Productivity Program (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	$ 363	$ 289	$ 335
Execute to Win Productivity Program
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	173
Restructuring and asset related charges- net	(12)	9	176
Execute to Win Productivity Program \| Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	53
Restructuring and asset related charges- net	(8)	(2)	63
Execute to Win Productivity Program \| Asset Related Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	120
Restructuring and asset related charges- net	(4)	11	113
Execute to Win Productivity Program \| Crop Protection [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	(4)	11	98
Execute to Win Productivity Program \| Seed [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	0	0	15
Execute to Win Productivity Program \| Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges- net	$ (8)	$ (2)	$ 63

Restructuring and Asset Related Charges Asset Impairments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Asset Related [Member]
Restructuring Cost and Reserve [Line Items]
Accelerated Prepaid Royalty Amortization Expense	$ 109	$ 125	$ 159

Supplementary Information Other Income (Expense) - Net (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Interest income

$ 124

$ 77

$ 56

Equity in earnings (losses) of affiliates - net

Net gain on sales of businesses and other assets

^[1]

(2)

Non-operating pension and other post employment benefit credit (cost)

^[2]

(229)

(54)

(174)

^[3]

163

1,318

368

Miscellaneous income (expenses) - net

^[4]

(156)

(28)

(36)

Other income (expense) - net

(60)

1,348

212

Equity Securities Mark-to-Mark Gain

Crop Protection [Member]

Schedule of Sundry Income (Expense) - Net [Line Items]

Litigation Settlement, Expense

^[5]

(87)

Segment Reconciling Items [Member]

Schedule of Sundry Income (Expense) - Net [Line Items]

Interest income

(124)

(77)

(56)

Non-operating pension and other post employment benefit credit (cost)

^[6]

229

174

^[7]

(111)

(1,256)

(316)

Employee Retention Credit

(236)

Contract Termination Cost

(54)

Equity Securities Mark-to-Mark Gain

Segment Reconciling Items [Member] | Crop Protection [Member]

Schedule of Sundry Income (Expense) - Net [Line Items]

Employee Retention Credit

Litigation Settlement, Expense

^[5]

(87)

Contract Termination Cost

(24)

La Porte | Segment Reconciling Items [Member] | Crop Protection [Member]

Schedule of Sundry Income (Expense) - Net [Line Items]

APAC Business [Member] | Segment Reconciling Items [Member] | Crop Protection [Member]

(53)

Schedule of Sundry Income (Expense) - Net [Line Items]

Schedule of Sundry Income (Expense) - Net [Line Items]

Hedging Program [Member]

Hedging Program [Member] | Argentine peso devaluation [Member]

(12)

Schedule of Sundry Income (Expense) - Net [Line Items]

Foreign Currency Exchange Gain (Loss) [Line Items]

$ (110)

$ (67)

$ (82)

[1]	The years ended December 31, 2022 and 2021 include a gain of $15 million and $19 million, respectively, relating to the sale of a business in the crop protection segment. The year ended December 31, 2020 includes a loss of $(53) million and a gain of $27 million relating to the sale of the La Porte site, for which the company signed an agreement in 2020, and closed during the first quarter of 2021, and the sale of a business in Asia Pacific in the crop protection segment, respectively.
[2]	Includes net pre-tax exchange gains (losses) of $(110) million, $(67) million and $(82) million associated with the devaluation of the Argentine peso for the years ended December 31, 2022, 2021 and 2020, respectively.
[3]	Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)).
[4]	Includes losses from sale of receivables, tax indemnification adjustments related 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, and other items. The years ended December 31, 2022 and 2021 also includes the Employee Retention Credit of $9 million and $60 million, respectively, pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”). The year ended December 31, 2022 also includes estimated settlement reserves of $(87) million, losses associated with a previously held equity investment, legal accruals, settlement cost associated with the Russia Exit, and charges associated with the exit of a non-strategic asset. The year ended December 31, 2021 includes a charge related to a contract termination with a third-party service provider of $(54) million, a gain from the remeasurement of an equity investment of $47 million, and an officer indemnification payment.
[5]	Consists of estimated Lorsban® related charges.
[6]	Effective January 1, 2021, on a prospective basis, the company excludes net unrealized gain or loss from mark-to-market activity for certain foreign currency derivative instruments that do not qualify for hedge accounting. There was no unrealized mark-to-market (gain) loss for the year ended December 31, 2020.
[7]	The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 17 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information.

Supplementary Information Foreign Currency Exchange Gain (Loss) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Tax benefits (expenses) on exchange (loss) gain

^[1]

$ (229)

$ (54)

$ (174)

(5)

(34)

Subsidiary Monetary Position

Foreign Currency Exchange Gain (Loss) [Line Items]

Tax benefits (expenses) on exchange (loss) gain

(217)

(72)

(263)

(10)

(30)

Hedging Program [Member]

Foreign Currency Exchange Gain (Loss) [Line Items]

Tax benefits (expenses) on exchange (loss) gain

(12)

(4)

(21)

Argentine peso devaluation [Member] | Hedging Program [Member]

Foreign Currency Exchange Gain (Loss) [Line Items]

Restricted Cash and Cash Equivalents Items [Line Items]

$ (110)

$ (67)

$ (82)

[1]	Includes net pre-tax exchange gains (losses) of $(110) million, $(67) million and $(82) million associated with the devaluation of the Argentine peso for the years ended December 31, 2022, 2021 and 2020, respectively.

Supplementary Information Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

^[1]

Dec. 31, 2019

Cash and Cash Equivalents

$ 3,191

$ 4,459

Cash, Cash Equivalents, and Restricted Cash

3,618

4,836

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations

3,618

^[1]

4,836

^[1]

$ 3,873

$ 2,173

Other Current Assets [Member]

Restricted Cash and Cash Equivalents Items [Line Items]

Restricted Cash

$ 427

$ 377

[1]	See page F-24 for reconciliation of cash and cash equivalents and restricted cash equivalents presented in the Consolidated Balance Sheets to total cash, cash equivalents and restricted cash equivalents presented in the Consolidated Statements of Cash Flows.

Supplementary Information Supplementary Information (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accrued and other current liabilities	$ 2,254	$ 2,068
Accounts Payable	4,895	4,126
Accounts Payable, Trade, Current	3,717	3,023
Accounts Payable, Other	$ 1,030	$ 925

Income Taxes Income Taxes - Geographic Allocation of Income and Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income (loss) from Continuing Operations before Income Taxes	$ 1,426	$ 2,346	$ 675
Provision for (benefit from) income taxes on continuing operations	210	524	(81)
Income (loss) from continuing operations after income taxes	1,216	1,822	756
Continuing Operations [Member]
Income (loss) from Continuing Operations before Income Taxes, Domestic	(1)	941	(83)
Income (Loss) from Continuing Operations before Income Taxes, Foreign	1,427	1,405	758
Income (loss) from Continuing Operations before Income Taxes	1,426	2,346	675
Current Federal Tax (Benefit) Expense	65	(13)	28
Current State and Local Tax Expense (Benefit)	21	6	9
Current Foreign Tax Expense (Benefit)	403	329	222
Total current tax expense (benefit)	489	322	259
Deferred Federal Income Tax Expense (Benefit)	(170)	164	(116)
Deferred State and Local Income Tax Expense (Benefit)	(39)	55	27
Deferred Foreign Income Tax Expense (Benefit)	(70)	(17)	(251)
Total deferred tax expense (benefit)	(279)	202	(340)
Provision for (benefit from) income taxes on continuing operations	210	524	(81)
Income (loss) from continuing operations after income taxes	$ 1,216	$ 1,822	$ 756

Income Taxes Income Taxes - Reconciliation to US Statutory Rate (Details) - Continuing Operations [Member] - USD ($)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Statutory U.S. federal income tax rate

21.00%

Effective tax rates on international operations - net

^[1]

(3.50%)

(2.50%)

(13.90%)

Acquisitions, divestitures, and ownership restructuring activities

^[2]

(5.40%)

(0.10%)

(0.30%)

U.S. research and development credit

(2.20%)

(2.40%)

(2.90%)

Exchange gains/losses

^[3]

3.70%

1.90%

3.50%

State and Local Income Taxes

0.30%

2.10%

4.00%

Impact of Swiss Tax Reform

^[4]

0.00%

0.20%

(27.00%)

Excess tax benefits (tax deficiency) from stock-compensation

(0.70%)

(0.20%)

1.00%

Tax settlements and expiration of statue of limitations

0.10%

0.00%

0.40%

Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount

^[5],[6]

$ 0.017

$ 0.010

Other, net

^[6]

(0.30%)

1.30%

1.20%

Effective Income Tax Rate

14.70%

22.30%

(12.00%)

[1]	Includes the effects of local and U.S. taxes related to earnings of non-U.S. subsidiaries, changes in the amount of unrecognized tax benefits associated with these earnings, losses at non-U.S. subsidiaries without local tax benefits due to valuation allowances, and other permanent differences between tax and U.S. GAAP results. Includes a tax benefit of $(36) million for the year ended December 31, 2022, relating to the release of a valuation allowance recorded against the net deferred tax asset position of a legal entity in Brazil. Includes a tax benefit of $(51) million for the year ended December 31, 2020, related to a return to accrual adjustment associated with an elective change in accounting method for the 2019 tax year impact of foreign tax provisions.
[2]	Includes net tax benefit of $(55) million for the year ended December 31, 2022, related to deferred tax assets established upon change in a U.S. entity's tax characterization, as well as a net tax benefit of $(42) million for the year ended December 31, 2022, related to worthless stock deduction on Company's investment in a subsidiary after a change in the entity's legal structure.
[3]	Principally reflects the impact of foreign exchange gains and losses on net monetary assets for which no corresponding tax impact is realized. Further information about the company's foreign currency hedging program is included in Note 6 - Supplementary Information, and Note 19 - Financial Instruments, under the heading Foreign Currency Risk.
[4]	Reflects tax benefits of $(182) million primarily driven by the recognition of an elective cantonal component of the enactment of the Federal Act on Tax Reform and AHV Financing ("Swiss Tax Reform") for the year ended December 31, 2020.
[5]	Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.
[6]	Prior year amounts in "other - net" and "repatriation of foreign earnings" for the years ended December 31, 2021 and 2020 have been reclassified from their previous presentation to conform to the current year's presentation.

Income Taxes Income Taxes - Deferred Tax Balances (Details) - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Assets

Deferred Tax Assets, Tax Loss And Tax Credit Carryforwards

^[1]

$ 363

$ 464

Deferred Tax Assets, Accrued Employee Benefits

680

904

Deferred Tax Assets, Other Accruals and Reversals

^[2]

545

372

Deferred Tax Assets, Inventory

198

153

Deferred Tax Assets, Research and Development Capitalization

418

224

Deferred Tax Assets, Investments

Unrealized Exchange Gains / Losses

Deferred Tax Liabilities, Other

Deferred Tax Assets, Other

^[2]

Deferred Tax Assets, Gross

2,284

2,195

Deferred Tax Assets, Valuation Allowance

^[3]

(342)

(366)

Deferred Tax Assets, Net of Valuation Allowance

1,942

1,829

Liabilities

Deferred Tax Liabilities, Property

447

341

Deferred Tax Liabilities, Intangible Assets

2,106

2,260

Deferred Tax Liabilities, Unrealized Exchange Gains/Losses

Deferred Tax Liabilities, Gross

2,582

2,611

Net Deferred Tax Liability

$ (640)

$ (782)

[1]	Primarily related to the realization of recorded tax benefits on tax loss and credit carryforwards from operations in the United States and Spain.
[2]	Prior year amounts in "other accruals and reserves" and "other – net" have been reclassified from their previous presentation to conform to the current year's presentation. Adjustments did not impact the amount of the net deferred tax asset (liability) recorded in the Consolidated Balance Sheets.
[3]	During the year ended December 31, 2022, the company adjusted the valuation allowances recorded against the net deferred tax asset position of various legal entities, the largest of which relates to a legal entity in Brazil that resulted in a tax benefit of $(36) million.

Income Taxes Income Taxes - Operating Loss and Tax Credit Carryforwards (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 285	$ 333
Tax Credit Carryforwards	78	131
Total Operating Loss and Tax Credit Carryforwards	363	464
Expiring within Five Years [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	127	123
Tax Credit Carryforwards	15	14
Expiring After Five Years Or Having Indefinite Expiration [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	158	210
Tax Credit Carryforwards	$ 63	$ 117

Income Taxes Income Taxes - Gross Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Unrecognized Tax Benefits, Beginning Balance	$ 377	$ 395	$ 426
Decreases related to positions taken on items from prior years	(3)	(7)	(14)
Increases related to positions taken on items from prior years	4	13	5
Increases related to positions taken in the current year	11	9	6
Settlement of uncertain tax positions with tax authorities	(24)	(17)	(18)
Decreases due to expiration of statutes of limitations	(5)	(16)	(7)
Exchange (gain) loss	(3)	0	(3)
Unrecognized Tax Benefits, Ending Balance	357	377	395
Total unrecognized tax benefits that, if recognized, would impact the effective tax rate	139	157	156
Total amount of interest and penalties (benefit) recognized in Provision for income taxes on continuing operations	1	1	(2)
Total accrual for interest and penalties associated with unrecognized tax benefits	13	$ 11	$ 18
Tax, Advance deposits made to foreign taxing authority	90
Undistributed Earnings of Foreign Subsidiaries	$ 3,810

Earnings Per Share Net Income for Earnings Per Share Calculations - Basic and Diluted (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Income (Loss) from Continuing Operations After Taxes	$ 1,216	$ 1,822	$ 756
Net Income attributable to continuing operations - Noncontrolling Interest	11	10	20
Income (loss) from continuing operations attributable to Corteva common stockholders	1,205	1,812	736
(Loss) income from discontinued operations attributable to Corteva common stockholders	(58)	(53)	(55)
Net (Loss) Income attributable to common stockholders	$ 1,147	$ 1,759	$ 681

Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest.

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Earnings Per Share of Common Stock EPS Calculation - Basic (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Basic earnings (loss) per share of common stock from continuing operations	$ 1.67	$ 2.46	$ 0.98
Basic earnings (loss) per share of common stock from discontinued operations	$ (0.08)	$ (0.07)	$ (0.07)
Basic (loss) earnings per share of common stock	$ 1.59	$ 2.39	$ 0.91

The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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Earnings Per Share of Common Stock EPS Calculation - Diluted (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Diluted earnings (loss) per share of common stock from continuing operations	$ 1.66	$ 2.44	$ 0.98
Diluted earnings (loss) per share of common stock from discontinued operations	$ (0.08)	$ (0.07)	$ (0.07)
Diluted (loss) earnings per share of common stock	$ 1.58	$ 2.37	$ 0.91

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Weighted Average Number of Shares Outstanding, Basic

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Earnings Per Share Share Count Information (Details) - shares

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Earnings Per Share [Line Items]

720,800,000

735,900,000

748,700,000

Dilutive effect of equity compensation plans

^[1]

3,700,000

5,700,000

2,500,000

Weighted Average Number of Shares Outstanding, Diluted

724,500,000

741,600,000

751,200,000

Common Stock, Shares Authorized

1,666,667,000

Stock options and restricted stock units excluded from EPS

^[2]

1,500,000

2,800,000

9,400,000

[1]

Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.

[2]

These outstanding potential shares of common stock relating to stock options, restricted stock units and performance-based restricted stock units were excluded from the calculation of diluted earnings (loss) per share because (i) the effect of including stock options and restricted stock units would have been anti-dilutive; and (ii) the performance metrics have not yet been achieved for the outstanding potential shares relating to performance-based restricted stock units, which are deemed to be contingently issuable.

Accounts and Notes Receivable, Net (Schedule of Accounts and Notes Receivable, Net) (Details) - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Receivables [Abstract]

Accounts receivable - trade

^[1]

$ 4,168

$ 3,441

Notes receivable - trade

^[1],[2]

120

Other

^[3]

1,440

1,250

Total accounts and notes receivable - net

5,701

4,811

A/R trade and notes receivable - trade, allowance

194

210

$ 208

Due from Nonconsolidated Affiliates

$ 148

$ 104

[1]	Accounts receivable – trade and notes receivable – trade are net of allowances of $194 million and $210 million at December 31, 2022 and December 31, 2021, respectively.
[2]	Notes receivable – trade primarily consists of receivables for deferred payment loan programs for the sale of seed and crop protection products to customers. These loans have terms of one year or less and are primarily concentrated in North America. The company maintains a rigid pre-approval process for extending credit to customers in order to manage overall risk and exposure associated with credit losses. As of December 31, 2022 and 2021, there were no significant impairments related to current loan agreements
[3]	Other includes receivables in relation to indemnification assets, value added tax, general sales tax and other taxes. No individual group represents more than 5 percent of total receivables. In addition, Other includes amounts due from nonconsolidated affiliates of $148 million and $104 million as of December 31, 2022 and 2021, respectively.

Accounts and Notes Receivable Allowance Rollforward (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 210	$ 208
Net provision for credit losses	(13)	1
Write-offs charged against allowance/ other	(3)	1
Accounts Receivable, Allowance for Credit Loss, Current	$ 194	$ 210

Accounts and Notes Receivable, Net Customer Financing (Details) - Factoring Agreement [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade Receivables Sold	$ 134	$ 272	$ 255
Loss on Sale of Accounts Receivable	19	54	$ 55
Continuing Involvement with Derecognized Transferred Financial Assets, Amount Outstanding	$ 37	$ 166

Inventories Schedule of Inventory (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventory [Line Items]
Finished products	$ 3,260	$ 2,497
Semi-finished products	2,689	2,076
Raw materials and supplies	862	607
Total inventories	$ 6,811	$ 5,180

Property, Plant and Equipment Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 8,551	$ 8,364
Accumulated Depreciation	(4,297)	(4,035)
Property, Plant and Equipment, Net	4,254	4,329	$ 4,396
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	416	420
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 1,541	1,487
Building [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Building [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 6,077	5,729
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment	$ 517	$ 728
Computer Software, Intangible Asset [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Computer Software, Intangible Asset [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Land Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year
Land Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years

Property, Plant and Equipment Schedule of Depreciation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 521	$ 521	$ 495

Goodwill and Other Intangible Assets Goodwill by Segment (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Goodwill [Line Items]

Goodwill Beginning Balance

$ 10,107

$ 10,269

Currency Translation Adjustment

(135)

(160)

Other goodwill adjustments and acquisitions

(10)

^[1]

(2)

^[2]

Goodwill Ending Balance

9,962

10,107

Accumulated impairment losses on goodwill

4,503

Crop Protection [Member]

Goodwill [Line Items]

Goodwill Beginning Balance

4,672

4,745

Currency Translation Adjustment

(63)

(73)

Other goodwill adjustments and acquisitions

^[1]

^[2]

Goodwill Ending Balance

4,618

4,672

Seed [Member]

Goodwill [Line Items]

Goodwill Beginning Balance

5,435

5,524

Currency Translation Adjustment

(72)

(87)

Other goodwill adjustments and acquisitions

(19)

^[1]

(2)

^[2]

Goodwill Ending Balance

$ 5,344

$ 5,435

[1]	Consists primarily of the goodwill included in the sale of a business in the crop protection segment and the reassignment of former digital reporting unit goodwill from the seed to the crop protection segment.
[2]	Consists of the goodwill included in the sale of a business in the seed segment.

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

Goodwill and Other Intangible Assets Other Intangible Assets (Details) - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

$ 12,092

$ 12,595

(2,763)

(2,561)

Indefinite-lived Intangible Assets

9,329

10,034

Total Intangible Assets, Gross

12,102

12,605

Total intangible assets - net

9,339

10,044

IPR&D [Member]

Indefinite-lived Intangible Assets

Germplasm [Member]

6,291

6,265

(826)

(571)

5,465

5,694

1,912

1,953

(585)

(487)

Developed Technology [Member]

1,327

1,466

1,485

(830)

(679)

Trademarks and Trade Names [Member]

655

806

2,009

2,012

(251)

(172)

Favorable Supply Contract [Member]

1,758

1,840

^[1]

475

^[1]

(396)

Other Intangible Assets [Member]

^[1]

^[2]

395

405

^[2]

(271)

(256)

Schedule of Lease Assets and Liabilities [Line Items]

^[2]

$ 124

$ 149

[1]	Effective November 1, 2022, the favorable supply contracts expired and were fully amortized.
[2]	Primarily consists of sales and farmer networks, marketing and manufacturing alliances and noncompetition agreements.

Goodwill and Other Intangible Assets Amortization Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2027	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 702	$ 722	$ 682
2022				$ 497	$ 557	$ 567	$ 605	$ 619

Leases Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Leases Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Guarantee Obligations	$ 88	$ 105
Residual Value Guarantee [Member]
Guarantee Obligations	$ 219
Minimum [Member]
Remaining Lease Term	1 year
Maximum [Member]
Remaining Lease Term	40 years

Leases Lease Costs (Details) - USD ($) $ in Millions	12 Months Ended
Leases Lease Costs (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease, Cost	$ 152	$ 158	$ 197
Finance Lease, Right-of-Use Asset, Amortization	1	1	2
Finance Lease, Cost	1	1	2
Short-term Lease, Cost	18	14	14
Variable Lease, Cost	8	8	7
Total Lease Cost	$ 179	$ 181	$ 220

Leases Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating cash outflows from operating leases	$ 155	$ 169	$ 202
Financing cash outflows from finance leases	$ 1	$ 1	$ 1

Leases Supplemental Balance Sheet Information (Details) - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Operating Lease, Right-of-Use Asset

^[1]

$ 460

$ 458

Current operating lease liabilities

^[2]

119

121

Noncurrent operating lease liabilities

^[3]

331

338

Total operating lease liabilities

450

459

Finance Lease, Right-of-Use Asset, Gross

Finance Lease, Right-Of-Use Asset, Accumulated Depreciation

(11)

Finance Lease, Liability, Noncurrent

Finance Lease, Liability

Property, Plant and Equipment [Member]

Schedule of Lease Assets and Liabilities [Line Items]

Finance Lease, Right-of-Use Asset

Within One Year

Schedule of Lease Assets and Liabilities [Line Items]

Finance Lease, Liability, Current

Long-term Debt [Member]

Schedule of Lease Assets and Liabilities [Line Items]

Finance Lease, Liability, Noncurrent

$ 2

$ 3

[1]	Included in other assets in the Consolidated Balance Sheet.
[2]	Included in accrued and other current liabilities in the Consolidated Balance Sheet.
[3]	Included in other noncurrent obligations in the Consolidated Balance Sheet.

Leases Lease Term and Discount Rate (Details)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	7 years 2 months 8 days	7 years 4 months 28 days
Finance Lease, Weighted Average Remaining Lease Term	2 years 4 months 9 days	3 years 4 months 9 days
Operating Lease, Weighted Average Discount Rate, Percent	3.14%	2.75%
Finance Lease, Weighted Average Discount Rate, Percent	3.29%	3.29%

Leases Maturity of Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Year One	$ 130
Operating Lease, Year Two	95
Operating Lease, Year Three	79
Operating Lease, Year Four	65
Operating Lease, Year Five	37
Operating Lease, Due After Year Five	98
Operating Lease, Total Payments	504
Operating Lease, Interest	54
Total operating lease liabilities	450	$ 459
Finance Lease, Year One	1
Finance Lease, Year Two	1
Finance Lease, Year Three	1
Finance Lease, Year Four	0
Finance Lease, Year Five	0
Finance Lease, Due After Year Five	0
Finance Lease, Total Payments	3
Finance Lease, Interest	0
Finance Lease, Liability	$ 3	$ 4

Long-Term Debt and Available Credit Facilities Long Term Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Finance Lease, Liability, Noncurrent	$ 2,000,000	$ 3,000,000
Unamortized debt discount and issuance costs	7,000,000	10,000,000
Long-term debt payable within one year	0	1,000,000
Long-term Debt	1,283,000,000	1,100,000,000
Loans Payable [Member] \| Notes Maturing 2025 [Domain]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 500,000,000	$ 500,000,000
Long-term Debt, Weighted Average Interest Rate	1.70%	1.70%
Loans Payable [Member] \| Notes Maturing 2030 [Domain]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 500,000,000	$ 500,000,000
Long-term Debt, Weighted Average Interest Rate	2.30%	2.30%
Loans Payable [Member] \| Foreign Currency Loans [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 181,000,000	$ 1,000,000
Long-term Debt, Weighted Average Interest Rate	14.80%	6.82%
Medium-term Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 107,000,000	$ 107,000,000
Long-term Debt, Weighted Average Interest Rate	4.27%	0.00%
Notes Maturing 2025 [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Periodic Payment, Principal	$ 500,000,000
Notes Maturing 2024 [Domain]
Debt Instrument [Line Items]
Line of Credit Facility, Periodic Payment, Principal	181,000,000
Fair Value, Inputs, Level 2 [Member]
Debt Instrument [Line Items]
Long-term Debt, Fair Value	$ 1,172,000,000	$ 1,120,000,000

Long-Term Debt and Available Credit Facilities Available Committed Credit Facilities (Narrative) (Details) $ in Millions	12 Months Ended		36 Months Ended		60 Months Ended
	Jan. 26, 2024	May 30, 2023	May 03, 2025	Nov. 13, 2021	Nov. 13, 2023	Jan. 27, 2023 USD ($)	Dec. 31, 2022 USD ($)	May 31, 2022 USD ($)	May 03, 2022 USD ($)	Nov. 13, 2018 USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 5,500
Line of Credit Facility, Remaining Borrowing Capacity							5,500
Revolving Credit Facilities due 2024 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity										$ 3,000
Debt Instrument, Term					5 years
Revolving Credit Facilities due 2022 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity										$ 3,000
Debt Instrument, Term				3 years
Foreign Currency Loans [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity							75
Revolving Credit Facilities due 2027
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							3,000
Line of Credit Facility, Remaining Borrowing Capacity							3,000
Revolving Credit Facilities due 2025
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							2,000		$ 2,000
Line of Credit Facility, Remaining Borrowing Capacity							2,000
Revolving Credit Facilities due 2025 \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate			0.10%
364-day Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$ 1,000	500	$ 500
Line of Credit Facility, Remaining Borrowing Capacity							$ 500
Debt Instrument, Term	364 days	364 days
Ratio of Indebtedness to Net Capital								0.60
364-day Revolving Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.10%
Revolving Credit Facilities due 2022 [Member]
Line of Credit Facility [Line Items]
Ratio of Indebtedness to Net Capital										0.60

Long-Term Debt and Available Credit Facilities Uncommitted Credit Facilities and Outstanding Letters of Credit (Details) $ in Millions	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Line Of Credit Facility, Remaining Borrowing Capacity, Uncommitted Amount	$ 485
Letters of Credit Outstanding, Amount	$ 143

Commitments and Contingent Liabilities Guarantee Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Guarantor Obligations [Line Items]
Guarantee Obligations	$ 88	$ 105
Less than one year
Guarantor Obligations [Line Items]
Guarantee Obligations	15
Agreements with lenders to provide financing for select customers [Member]
Guarantor Obligations [Line Items]
Accounts Receivable, after Allowance for Credit Loss	202	15
Factoring Agreement [Member]
Guarantor Obligations [Line Items]
Guarantee Obligations	$ 16	$ 21

Commitments and Contingent Liabilities Litigation - Chemours (Details)	3 Months Ended	12 Months Ended
	Jun. 30, 2017 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2030 USD ($)	Dec. 31, 2028 USD ($)	Sep. 30, 2024 USD ($)	Jan. 28, 2022 USD ($)	Dec. 31, 2017 lawsuits
Performance Chemicals [Member]
Loss Contingencies [Line Items]
(Loss) Income from Discontinued Operation, before Income Tax		$ 36,000,000	$ 48,000,000
PFAS [Member]
Loss Contingencies [Line Items]
Escrow Account Balance					$ 700,000,000
Withdrawal Amount after Year 6		200,000,000
MOU Terms for Withdrawals		125,000,000
PFAS [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Qualified Spend and Escrow Account Contribution Threshold		$ 4,000,000,000
Cost Sharing Arrangement Term		20 years
Corteva and Dupont stray liability threshold for PFAS		$ 300,000,000
PFAS [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Corteva and Dupont stray liability threshold for PFAS		1
PFAS [Member] \| Minimum [Member] \| Once $300 million threshold is met [Member]
Loss Contingencies [Line Items]
De minimis threshold		1,000,000
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Amount credited to each company's threshold		$ 150,000,000
PFOA Matters: Multi-District Litigation [Member]
Loss Contingencies [Line Items]
Litigation Settlement Amount	$ 670,000,000
Lawsuits alleging personal injury filed \| lawsuits								3,550
Non-PFAS
Loss Contingencies [Line Items]
Request for Remediation Funding Source ("RFS")							$ 900,000,000
Chemours [Member] \| PFAS [Member]
Loss Contingencies [Line Items]
MOU Escrow Account Deposit						$ 100,000,000
Escrow Account Deposit Percentage		50.00%
Annual escrow deposit, remainder of period				$ 50,000,000
Chemours [Member] \| PFAS [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Total Escrow Deposit Amount				500,000,000
Corteva [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage		29.00%
Corteva [Member] \| PFAS [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability sharing percentage for PFAS		5000.00%
Corteva [Member] \| PFAS [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Qualified Spend and Escrow Account Contribution Threshold		$ 600,000,000
Corteva [Member] \| DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability threshold		$ 200,000,000
Corteva [Member] \| DuPont de Nemours [Member] \| PFAS [Member]
Loss Contingencies [Line Items]
MOU Escrow Account Deposit						$ 100,000,000
Escrow Account Deposit Percentage		50.00%
Corteva and DuPont stray liability sharing percentage for PFAS		50.00%
Annual escrow deposit, remainder of period				50,000,000
Corteva [Member] \| DuPont de Nemours [Member] \| PFAS [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Qualified Spend and Escrow Account Contribution Threshold		$ 2,000,000,000
Total Escrow Deposit Amount				$ 500,000,000
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage		71.00%
DuPont de Nemours [Member] \| PFAS [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability sharing percentage for PFAS		5000.00%
DuPont de Nemours [Member] \| DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Corteva and Dupont stray liability threshold for PFAS		$ 200,000,000
Stray liability threshold		$ 200,000,000

Commitments and Contingent Liabilities Litigation - DuPont (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2021
Other discontinued operations [Member]
Loss Contingencies [Line Items]
Loss from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	$ 13,000,000	$ 10,000,000
Accounts and Notes Receivable [Member]
Loss Contingencies [Line Items]
Indemnification Assets	31,000,000		$ 25,000,000
Other Assets [Member]
Loss Contingencies [Line Items]
Indemnification Assets	105,000,000		75,000,000
Accrued and Other Current Liabilities [Member]
Loss Contingencies [Line Items]
Indemnified Liabilities	31,000,000		20,000,000
Other Noncurrent Obligations [Member]
Loss Contingencies [Line Items]
Indemnified Liabilities	115,000,000		$ 117,000,000
PFAS [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Corteva and Dupont stray liability threshold for PFAS	1
PFAS [Member] \| Minimum [Member] \| Once $300 million threshold is met [Member]
Loss Contingencies [Line Items]
De minimis threshold	1,000,000
PFAS [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Corteva and Dupont stray liability threshold for PFAS	300,000,000
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Amount credited to each company's threshold	$ 150,000,000
Corteva [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage	29.00%
Corteva [Member] \| PFAS [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability sharing percentage for PFAS	5000.00%
Corteva [Member] \| DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability threshold	$ 200,000,000
Corteva [Member] \| DuPont de Nemours [Member] \| PFAS [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability sharing percentage for PFAS	50.00%
DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability sharing percentage	71.00%
DuPont de Nemours [Member] \| PFAS [Member]
Loss Contingencies [Line Items]
Corteva and DuPont stray liability sharing percentage for PFAS	5000.00%
DuPont de Nemours [Member] \| DuPont de Nemours [Member]
Loss Contingencies [Line Items]
Stray liability threshold	$ 200,000,000
Corteva and Dupont stray liability threshold for PFAS	$ 200,000,000

Commitments and Contingent Liabilities Litigation - Leach and MDL Settlement (Details)	3 Months Ended	12 Months Ended		108 Months Ended
	Jun. 30, 2017 USD ($)	Dec. 31, 2022 USD ($) lawsuits	Dec. 31, 2004 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2017 lawsuits	Jan. 01, 2012
PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Binding Settlement Agreement Class Size			80,000
Loss Contingency, Number Of Water Districts Receiving Water Treatment						6
Litigation Settlement, Liability For Medical Monitoring Program, Threshold			$ 235,000,000
Litigation Settlement, Medical Monitoring Program, Escrow Account, Disbursements To Date				$ 2,000,000
Escrow Balance		$ 1,000,000
PFOA Matters: Multi-District Litigation [Member]
Loss Contingencies [Line Items]
Disease Categories for MDL		6
Lawsuits alleging personal injury filed \| lawsuits					3,550
Litigation Settlement Amount	$ 670,000,000
Firefighting Foam [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number \| lawsuits		3,400
DuPont de Nemours and Corteva Contribution to MDL Settlement [Member]
Loss Contingencies [Line Items]
Litigation Settlement Amount		$ 27,000,000
Payments for Legal Settlements		27,000,000
MDL Settlement [Member]
Loss Contingencies [Line Items]
Litigation Settlement Amount		83,000,000
Chemours Contribution to MDL Settlement [Member]
Loss Contingencies [Line Items]
Litigation Settlement Amount		$ 29,000,000
Municipal water districts \| Firefighting Foam [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number \| lawsuits		270
Post-MDL Settlement PFOA Personal Injury Claims [Domain] \| PFOA Matters: Drinking Water Actions [Member] \| Settled Litigation [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number		95
Post-MDL Settlement PFOA Personal Injury Claims [Domain] \| Compensatory Damages [Member] \| PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Litigation Settlement Amount		$ 40,000,000
Post-MDL Settlement PFOA Personal Injury Claims [Domain] \| Loss of Consortium [Member] \| PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Litigation Settlement Amount		10,000,000
Post-MDL Settlement PFOA Personal Injury Claims [Domain] \| Loss of Consortium [Member] \| PFOA Matters: Drinking Water Actions [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Litigation Settlement Amount		$ 250,000

Commitments and Contingent Liabilities Litigation - Other PFOA Matters / Fayatteville (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) lawsuits	Dec. 31, 2021 lawsuits
Natural Resources Damages [Member]
Loss Contingencies [Line Items]
Loss Contingency, Number of Defendants	30
Natural Resources Damages [Member] \| DuPont de Nemours [Member] \| Corteva [Member]
Loss Contingencies [Line Items]
Collective Threshold for Payments to Fund the NRST Trust \| $	$ 50
Firefighting Foam [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	3,400
Firefighting Foam [Member] \| Personal injury cases [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	3,000
Firefighting Foam [Member] \| Municipal water districts
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	270
NORTH CAROLINA \| PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Number of Property Owners	100
NEW YORK \| PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	45
NEW JERSEY \| Natural Resources Damages [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	4
NEW JERSEY \| PFAS [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	2
OHIO \| PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	3
DELAWARE \| Natural Resources Damages [Member] \| DuPont de Nemours [Member] \| Corteva [Member]
Loss Contingencies [Line Items]
Supplemental Payment Threshold \| $	$ 25
NEW JERSEY AND NEW YORK \| PFAS [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number	2
NETHERLANDS \| PFOA Matters: Drinking Water Actions [Member]
Loss Contingencies [Line Items]
Loss Contingency, Pending Claims, Number		4

Commitments and Contingent Liabilities Environmental (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Jan. 28, 2022

Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual

^[1],[2]

$ 512

^[1]

607

Performance Chemicals [Member]

250

(Loss) Income from Discontinued Operation, before Income Tax

$ 48

Non-PFAS

Request for Remediation Funding Source ("RFS")

$ 900

Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual

^{[1],[2],[3],[4]}

155

^[1],[3],[4]

264

Discontinued Operations [Member]

^[3],[4]

155

Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont [Member]

^[3]

Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual

^[1],[2],[4]

^[1],[4]

Not subject to indemnification [Member]

^[4]

Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual

^[1]

Accrual for Environmental Loss Contingencies, Gross

^[1]

114

Other Discontinued or Divested Business Obligations

Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual

^[1],[2],[3]

^[1],[3]

191

Indemnification liabilities related to the MOU

Accrual for Environmental Loss Contingencies, Potential Exposure in Excess of Accrual

^[1],[2]

126

^[1]

DuPont de Nemours [Member] | DuPont de Nemours [Member]

Stray liability threshold

200

Superfund Sites [Member] | Chemours [Member] | Indemnification Agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

$ 37

[1]	Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balance includes $61 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPAs October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page F-41 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the NC DEQ.
[2]	Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page F-36, under the header "Chemours / Performance Chemicals."
[3]	Represents liabilities that are subject the $200 million threshold and sharing arrangements as discussed on page F-37, under the header "Corteva Separation Agreement."
[4]	The company has recorded an indemnification asset related to these accruals, including $37 million related to the Superfund sites.

Stockholders' Equity Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended			36 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Feb. 02, 2023	Sep. 13, 2022	Aug. 05, 2021	Jun. 26, 2019	Jun. 03, 2019
Equity, Class of Treasury Stock [Line Items]
Common Stock, Shares Authorized	1,666,667,000	1,666,667,000		1,666,667,000
Common Stock, Par Value	$ 0.01	$ 0.01		$ 0.01	$ 0.01
Common Stock, Shares, Outstanding, Beginning Balance	726,527,000	743,458,000	748,577,000
Stock Issued During Period, Shares, New Issues	4,317,000	4,019,000	3,384,000
Stock Repurchased and Retired During Period, Shares	(17,425,000)	(20,950,000)	(8,503,000)
Common Stock, Shares, Outstanding, Ending Balance	713,419,000	726,527,000	743,458,000	726,527,000
Payments for Repurchase of Common Stock	$ 1,000	$ 950	$ 275
2022 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount						$ 2,000
2021 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock Repurchased and Retired During Period, Shares	17,425,000	5,572,000
Stock Repurchase Program, Authorized Amount							$ 1,500
Payments for Repurchase of Common Stock	$ 1,000	$ 250
2019 share repurchase plan
Equity, Class of Treasury Stock [Line Items]
Stock Repurchased and Retired During Period, Shares				24,705,000
Stock Repurchase Program, Authorized Amount								$ 1,000
Corteva [Member]
Equity, Class of Treasury Stock [Line Items]
Common Stock, Par Value								$ 0.01	$ 0.01

Stockholders' Equity Noncontrolling Interest (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	46.50%
Payment for acquisition of subsidiary's interest from the non-controlling interest	$ 0	$ 0	$ (60,000,000)
Net Deferred Tax Liability	$ (640,000,000)	$ (782,000,000)
$4.50 Series Preferred Stock [Member] \| EID [Member]
Noncontrolling Interest [Line Items]
Preferred Stock, Shares Authorized	23,000,000	23,000,000
Preferred Stock, Shares Issued	1,673,000	1,673,000
Preferred Stock, Redemption Amount	$ 120	$ 120
$3.50 Series Preferred Stock [Member] \| EID [Member]
Noncontrolling Interest [Line Items]
Preferred Stock, Shares Authorized	23,000,000	23,000,000
Preferred Stock, Shares Issued	700,000	700,000
Preferred Stock, Redemption Amount	$ 102	$ 102
Corteva [Member] \| EID [Member]
Noncontrolling Interest [Line Items]
Ownership interest in an entity	100.00%

Stockholders' Equity Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

$ 25,623

$ 25,063

$ 24,555

(8)

380

Cumulative Translation Adjustment

25,541

25,623

25,063

Accumulated Other Comprehensive Income (Loss) [Line Items]

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(2,543)

(1,970)

(1,944)

^[1]

(340)

(573)

(26)

Amounts Reclassified from Accumulated Other Comprehensive Income, Net of Tax

(340)

(573)

(26)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(2,883)

(2,543)

(1,970)

Derivative Instruments

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(67)

143

(81)

Amounts Reclassified from Accumulated Other Comprehensive Income, Net of Tax

(55)

(4)

139

(69)

Unrealized gain (loss) on investments

(67)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(10)

(10)

Amounts Reclassified from Accumulated Other Comprehensive Income, Net of Tax

(10)

Accumulated Other Comp Loss

(10)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(2,898)

(2,890)

(3,270)

126

594

362

Amounts Reclassified from Accumulated Other Comprehensive Income, Net of Tax

(34)

(602)

(8)

380

Accumulated Other Comprehensive Income (Loss) [Line Items]

(2,806)

(2,898)

(2,890)

Pension Plan

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(396)

(1,433)

(1,247)

213

996

(191)

Amounts Reclassified from Accumulated Other Comprehensive Income, Net of Tax

233

1,037

(186)

Accumulated Other Comprehensive Income (Loss) [Line Items]

(163)

(396)

(1,433)

Other Benefit Plans

Other Comprehensive Income (Loss), before Reclassifications, Net of Tax

(31)

590

(81)

190

670

Amounts Reclassified from Accumulated Other Comprehensive Income, Net of Tax

(646)

191

(621)

671

$ 160

$ (31)

$ 590

[1]

The cumulative translation adjustment losses for the year ended December 31, 2022 was primarily driven by the strengthening of the U.S. Dollar (“USD”) against the European Euro ("EUR"), Indian Rupee (“INR”), South African Rand (“ZAR”) and Philippine Peso (“PHP”). The cumulative translation adjustment losses for the year ended December 31, 2021 was primarily driven by the strengthening of the U.S. Dollar ("USD") against the European Euro ("EUR"), Swiss franc ("CHF") and Turkish Lira (“TRY”).

Stockholders' Equity Tax Benefit (Expense) on Net Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax	$ (121)	$ (172)	$ (133)
Pension Plan
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax	(68)	(319)	54
Other Benefit Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax	(56)	188	(211)
Derivative Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Tax	$ 3	$ (41)	$ 24

Amount of tax expense (benefit) allocated to other comprehensive income (loss).

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123586238&loc=d3e39076-109324

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-Subparagraph (c)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123586238&loc=d3e38679-109324

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32672-109319

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=126968391&loc=d3e640-108580

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Stockholders' Equity Reclassifications out of AOCI (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Income Tax Expense (Benefit)

$ 210

$ 524

$ (81)

Income (loss) from continuing operations after income taxes

1,216

1,822

756

Derivative Instruments

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Income Tax Expense (Benefit)

^[1]

(6)

Income (loss) from continuing operations after income taxes

(55)

(4)

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[2]

(63)

(13)

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

(55)

(4)

Gain (Loss) on Investments [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Income (loss) from continuing operations after income taxes

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[3]

Reclassification from AOCI, Current Period, Tax

^[1]

AOCI Attributable to Parent

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

(34)

(602)

Pension Plan

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

Pension Plan | Prior Service Benefit

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[3],[4]

(3)

(2)

(1)

Pension Plan | Actuarial Losses

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[3],[4]

Pension Plan | Accumulated Defined Benefit Plans Adjustment, Settlement Gain (Loss) [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[3],[4]

Pension Plan | Accumulated Defined Benefit Plans Adjustment Attributable to Parent

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

Reclassification from AOCI, Current Period, Tax

^[1]

(5)

(13)

(1)

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

Other Benefit Plans

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

(646)

Other Benefit Plans | Prior Service Benefit

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[3],[4]

(1)

(922)

Other Benefit Plans | Actuarial Losses

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

^[3],[4]

Other Benefit Plans | Curtailment (loss) gain

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

(1)

Other Benefit Plans | Accumulated Defined Benefit Plans Adjustment Attributable to Parent

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax

(842)

Reclassification from AOCI, Current Period, Tax

^[1]

196

Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax

$ 1

$ (646)

$ 1

[1]	Reflected in provision for (benefit from) income taxes from continuing operations in the Consolidated Statements of Operations.
[2]	Reflected in cost of goods sold in the Consolidated Statements of Operations.
[3]	Reflected in other income (expense) - net in the Consolidated Statements of Operations.
[4]	These accumulated other comprehensive income (loss) components are included in the computation of net periodic benefit (credit) cost of the company's pension and other benefit plans. See Note 17 - Pension Plans and Other Post Employment Benefits, to the Consolidated Financial Statements, for additional information.

Pension Plans and Other Post Employment Benefit Plans Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	5 Months Ended	8 Months Ended	12 Months Ended
	Nov. 30, 2017	Jun. 01, 2019	Aug. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2023
Defined Benefit and Contribution Disclosures [Line Items]
Pre-tax cash requirements to cover actual net claims costs and related administrative expenses				$ 122	$ 198	$ 207
U.S. Retirement Savings Plan [Member]
Defined Benefit and Contribution Disclosures [Line Items]
Employer Matching Contribution, Percent of Match				100.00%
Employer Matching Contribution, Percent of Employees' Gross Pay				6.00%
Employer Discretionary Contribution Percent				3.00%
Defined Contribution Plan, Employer Contribution				$ 97	63	94
Employers Discretionary Contribution, Vesting Period				3 years
Corteva Other Contribution Plans [Member]
Defined Benefit and Contribution Disclosures [Line Items]
Defined Contribution Plan, Employer Contribution				$ 36	29	$ 33
Pension Plan
Defined Benefit and Contribution Disclosures [Line Items]
Defined Benefit Plan, Unfunded Status of Plan				(1,398)	(1,948)
Employer contributions				$ 60	$ 49
Expected long-term rate of return on plan assets				4.51%	5.73%	6.25%
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2021				$ 1,267
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Assets Transferred to (from) Plan				1,100
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement				25	$ (1)	$ (3)
Actuarial (gain) loss			$ 110	(3,759)	(524)
Other Post Employment Benefits Plan
Defined Benefit and Contribution Disclosures [Line Items]
Defined Benefit Plan, Unfunded Status of Plan				(1,021)	(1,362)
Employer contributions				122	198
Expected Future Employer Contributions, Next Fiscal Year							$ 135
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2021				123
Defined Benefit Plan, Accumulated Benefit Obligation, Increase (Decrease) for Plan Amendment				939
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement				0	0	0
Actuarial (gain) loss				(246)	(33)
Other Pension Plan [Member]
Defined Benefit and Contribution Disclosures [Line Items]
Employer contributions				60	49	$ 62
Expected Future Employer Contributions, Next Fiscal Year							$ 50
Nonqualified Plan [Member] \| Trust Agreement [Member]
Defined Benefit and Contribution Disclosures [Line Items]
Contributions to Trust	$ 571
Trust Asset Distribution		$ 39		58	43
Trust Asset				$ 304	$ 251

Pension Plans and Other Post Employment Benefit Plans Weighted Average Assumptions used to Determine Benefit Obligations - Pension (Details) - Pension Plan

Dec. 31, 2022

Aug. 31, 2022

Dec. 31, 2021

Defined Benefit Plan Disclosure [Line Items]

Discount Rate

5.17%

4.60%

2.82%

Rate of increase in future compensation levels

^[1]

2.83%

2.55%

[1]	The rate of compensation increase excludes U.S. pension plans since the employees who participate in the U.S. pension plans no longer accrue additional benefits for future service and eligible compensation.

Pension Plans and Other Post Employment Benefit Plans Weighted Average Assumptions used to Determine Net Periodic Benefit Cost - Pension (Details) - Pension Plan

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Defined Benefit Plan Disclosure [Line Items]

Net Periodic Benefit, Discount Rate

3.33%

2.44%

3.19%

Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase

^[1]

2.55%

2.54%

2.60%

Expected long-term rate of return on plan assets

4.51%

5.73%

6.25%

[1]	The rate of compensation increase excludes U.S. pension plans since the employees who participate in the U.S. pension plans no longer accrue additional benefits for future service and eligible compensation.

Pension Plans and Other Post Employment Benefit Plans Weighted Average Assumptions used to Determine Benefit Obligations and Periodic Benefit Cost - OPEB (Details) - Other Post Employment Benefits Plan	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Discount Rate	5.09%	2.59%
Net Periodic Benefit, Discount Rate	2.59%	2.09%	3.07%

Pension Plans and Other Post Employment Benefit Plans Change in Projected Benefit Obligations, Plan Assets and Funded Status (Details) - USD ($)
$ in Millions

8 Months Ended

12 Months Ended

Aug. 31, 2022

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Defined Benefit Plan, Accumulated Benefit Obligation

$ 14,000

$ 19,700

Trust Agreement [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Benefit obligation at beginning of the period

$ 219

219

Benefit obligation at end of the period

182

219

Pension Plan

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Benefit obligation at beginning of the period

19,775

21,682

Service Cost

$ 26

Interest Cost

505

364

559

Plan participants' contributions

Actuarial (gain) loss

110

(3,759)

(524)

Benefits Paid

(1,460)

(1,490)

Plan amendments

(15)

Net effects of acquisitions / divestitures / other

^[1]

(1,080)

(240)

Effect of foreign exchange rates

(20)

(30)

Benefit obligation at end of the period

13,982

19,775

21,682

Fair value of plan assets at beginning of period

17,827

17,835

Actual return on plan assets

(2,765)

1,685

Employer contributions

Plan participants' contributions

Benefits paid

(1,460)

(1,490)

Net effects of acquisitions / divestitures / other

^[1]

(1,080)

(240)

Effect of foreign exchange rates

(15)

Fair value of plan assets at end of period

12,584

17,827

17,835

Pension Plan | U.S. Plans with Plan Assets [Member]

(1,398)

(1,948)

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Pension Plan | Non-U.S. plans with plan assets [Member]

(1,050)

(1,471)

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Pension Plan | All other plans [Member]

(30)

(62)

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]