Corteva Inc
For the period ended Dec 31, 2023. Filed Feb 8, 2024.
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FY2023 · Filed Feb 8, 2024
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Segment Information
NOTE 4 -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-67 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, | ||
|---|---|---|---|
| 2023 · 2022 · 2021 | |||
| Income (loss) from continuing operations after income taxes | $926 | $1,182 | $1,784 |
| Provision for (benefit from) income taxes on continuing operations | 147 | 199 | 512 |
| Income (loss) from continuing operations before income taxes | 1,073 | 1,381 | 2,296 |
| Depreciation and amortization | 1,211 | 1,223 | 1,243 |
| Interest income | (283) | (124) | (77) |
| Interest expense | 253 | 124 | 80 |
| Exchange losses - net | 397 | 229 | 54 |
| Non-operating (benefits) costs - net1 | 151 | (111) | (1,256) |
| Mark-to-market (gains) losses on certain foreign currency contracts not designated as hedges | — | — | — |
| Significant items | 579 | 502 | 236 |
| Corporate expenses | 110 | 116 | 138 |
| Segment operating EBITDA | $3,491 | $3,340 | $2,714 |
- The year ended December 31, 2021 includes non-cash benefits related to the 2020 OPEB Plan Amendments. Refer to Note 18 - Pension Plans and Other Post-Employment Benefits, to the Consolidated Financial Statements, for additional information.
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