Corteva Inc

NOTE 1 -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 remained on EIDP's consolidated financial statements at the standalone level (including the associated interest) through its repayment date in the fourth quarter of 2023.

•Master In-House Banking Agreement- A Master In-House Banking Agreement exists to which EIDP is a party, along with Corteva and certain consolidated subsidiaries, as more fully described in Note 2 – Related Party Transactions, of the EIDP Consolidated Financial Statements. Through the third quarter of 2024, EIDP earned interest on Corteva, Inc.’s borrowings under the Master In-House Banking Agreement; however, beginning in the fourth quarter of 2024 no interest has been recognized by EIDP and the amount due from Corteva, Inc. is classified within equity of EIDP due to a change in repayment intent related to the arrangement. Such transactions are eliminated in consolidation at the Corteva, Inc. level.

•Capital Structure - At December 31, 2024, Corteva, Inc.'s capital structure consists of 685,595,000 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 following Corteva, Inc. footnotes:

•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 - Business Combinations - refer to page F-18 of the Corteva, Inc. Consolidated Financial Statements

•Note 5 - Revenue - refer to page F-19 of the Corteva, Inc. Consolidated Financial Statements

•Note 6 - Restructuring and Asset Related Charges - Net - refer to page F-21 of the Corteva, Inc. Consolidated Financial Statements

•Note 7 - Supplementary Information - refer to page F-23 of the Corteva, Inc. Consolidated Financial Statements. In addition, EIDP earned interest on a related party loan receivable from Corteva, Inc. through the third quarter of 2024; refer to EIDP Note 2 - Related Party Transactions, of the EIDP Consolidated Financial Statements, below

•Note 8 - Income Taxes - Differences exist between Corteva, Inc. and EIDP; refer to EIDP Note 3 - Income Taxes, of the EIDP Consolidated Financial Statements, below

•Note 9 - Earnings Per Share of Common Stock - Not applicable for EIDP

•Note 10 - Accounts and Notes Receivable - Net - refer to page F-29 of the Corteva, Inc. Consolidated Financial Statements

•Note 11 - Inventories - refer to page F-30 of the Corteva, Inc. Consolidated Financial Statements

•Note 12 - Property, Plant and Equipment - refer to page F-30 of the Corteva, Inc. Consolidated Financial Statements

•Note 13 - Goodwill and Other Intangible Assets - refer to page F-31 of the Corteva, Inc. Consolidated Financial Statements

•Note 14 - Leases - refer to page F-32 of the Corteva, Inc. Consolidated Financial Statements

•Note 15 - Short-Term Borrowings, Long-Term Debt and Available Credit Facilities - refer to page F-34 of the Corteva, Inc. Consolidated Financial Statements. In addition, EIDP had a related party loan payable to Corteva, Inc. which was repaid during the fourth quarter of 2023; refer to EIDP Note 2 - Related Party Transactions, of the EIDP Consolidated Financial Statements, below

•Note 16 - Commitments and Contingent Liabilities - refer to page F-35 of the Corteva, Inc. Consolidated Financial Statements

•Note 17 - Stockholders' Equity - refer to page F-44 of the Corteva, Inc. Consolidated Financial Statements

•Note 18 - Pension Plans and Other Post-Employment Benefits - refer to page F-46 of the Corteva, Inc. Consolidated Financial Statements

•Note 19 - Stock-Based Compensation - refer to page F-55 of the Corteva, Inc. Consolidated Financial Statements

•Note 20 - Financial Instruments - refer to page F-57 of the Corteva, Inc. Consolidated Financial Statements

•Note 21 - Fair Value Measurements - refer to page F-63 of the Corteva, Inc. Consolidated Financial Statements

•Note 22 - Geographic Information - refer to page F-64 of the Corteva, Inc. Consolidated Financial Statements

•Note 23 - Segment Information - Differences exist between Corteva, Inc. and EIDP; refer to EIDP Note 4 - Segment Information, of the EIDP Consolidated Financial Statements, below

Restatement of Previously Issued Financial Statements

Background

As disclosed in EIDP Note 2 – Related Party Transactions, to the EIDP Consolidated Financial Statements, EIDP and Corteva, including certain consolidated subsidiaries, are party to a Master In-House Banking Agreement (“IHB Arrangement”). During management’s review of the financial results for the fourth quarter of 2024, a material misclassification in the EIDP, Inc. Consolidated Statements of Cash Flows was identified. Beginning in the fourth quarter of 2023, and continuing into each of the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2024, cash outflows covering intercompany activities with Corteva, Inc. under the IHB Arrangement were incorrectly reflected within “Cash provided by (used for) operating activities – continuing operations” rather than “Cash provided by (used for) investing and financing activities.”

Based on management’s assessment of the materiality of these errors on prior period consolidated financial statements under the applicable guidance prescribed by the Securities and Exchange Commission, a conclusion was reached that the errors were material to previously issued interim and annual Consolidated Statements of Cash Flows. The impact of the restatements to the interim periods ended March 31, 2024, June 30, 2024, and September 30, 2024 are presented in EIDP Note 5 – Unaudited Quarterly Financial Information, of the EIDP Consolidated Financial Statements. The restatement to the December 31, 2023 Consolidated Statements of Cash Flows is as follows:

Restated Consolidated Statements of Cash Flows