Corteva, Inc.
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 31, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Pension Plans and Other Post Employment Benefits
NOTE 14 -PENSION PLANS AND OTHER POST EMPLOYMENT BENEFITS
The following sets forth the components of the company's net periodic benefit (credit) cost for defined benefit pension plans and other post employment benefits (“OPEB”):
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (In millions) | 2026 | 2025 | 2026 | 2025 |
| Defined Benefit Pension Plans: | ||||
| Service cost | $5 | $3 | $9 | $7 |
| Interest cost | 138 | 156 | 276 | 313 |
| Expected return on plan assets | (147) | (155) | (295) | (310) |
| Amortization of unrecognized (gain) loss | (2) | — | (2) | — |
| Amortization of prior service (benefit) cost | (1) | (1) | (2) | (2) |
| Net periodic benefit (credit) cost | $(7) | $3 | $(14) | $8 |
| Other Post Employment Benefits: | ||||
| Interest cost | $9 | $10 | $17 | $20 |
| Amortization of unrecognized (gain) loss | (4) | (4) | (8) | (9) |
| Net periodic benefit (credit) cost | $5 | $6 | $9 | $11 |
In April 2026, the company’s Board of Directors approved a discretionary contribution to the principal U.S. pension plan of approximately $1.5 billion to be made on or before July 31, 2026. An initial contribution of $1,061 million was made in June 2026, and a supplemental contribution of $399 million was made in July 2026 (collectively, the “Discretionary Pension Contribution”).
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.