v3.25.0.1
Income Taxes Income Taxes - Reconciliation to US Statutory Rate (Details) - Continuing Operations [Member] - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statutory U.S. federal income tax rate 21.00% 21.00% 21.00%
Effective tax rates on international operations - net [1],[2] 4.80% (1.80%) (1.00%)
Acquisitions, divestitures, and ownership restructuring activities [3] (1.10%) 3.60% (5.40%)
U.S. research and development credit (4.70%) (5.90%) (2.20%)
Exchange gains/losses [4] 1.70% 2.00% 3.70%
State and Local Income Taxes - net 1.30% 0.90% 0.30%
Impact of Swiss Tax Changes [5] 0.00% (7.90%) 0.00%
Excess tax benefits (tax deficiency) from stock-compensation (0.20%) (0.50%) (0.70%)
Tax settlements and expiration of statue of limitations (1.70%) (0.30%) 0.10%
Impact of Brazil valuation allowance [2],[6] 9.40% 0.00% (2.50%)
Repatriation of Foreign Earnings [7] 1.70% 2.90% 1.70%
Other, net 0.10% (0.10%) (0.30%)
Effective Income Tax Rate 32.30% 13.90% 14.70%
Deferred Other Tax Expense (Benefit)   $ (62)  
Intellectual Property Realigment      
Other Tax (Benefit) Expense   46  
Deferred Tax Assets due to change in Entity's Tax Characterization [Member]      
Other Tax (Benefit) Expense     $ (55)
Worthless Stock Deduction      
Other Tax (Benefit) Expense     (42)
Tax Currency Change      
Other Tax (Benefit) Expense   $ (24)  
Brazil Valuation Allowance [Member] | Seed [Member]      
Other Tax (Benefit) Expense $ 120    
Brazil Valuation Allowance [Member] | Crop Protection [Member]      
Other Tax (Benefit) Expense     $ (36)
[1]
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.
[2]
6. Classification in "Effective tax rates on international operations-net" and "Impact of Brazil valuation allowance" for the year ended December 31, 2022 have been adjusted from their previous presentation to conform to the current year's presentation.
[3]
2.     Includes net tax charge of $46 million for the year ended December 31, 2023, associated with intellectual property realignment. Includes net tax benefits of $(55) million and $(42) million for the year ended December 31, 2022, related to deferred tax assets established upon change in a U.S. entity's tax characterization, and a worthless stock deduction on Company's investment in a subsidiary after a change in the entity's legal structure, respectively.
[4]
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 7 - Supplementary Information, and Note 20 - Financial Instruments, under the heading Foreign Currency Risk.
[5]
4. Includes net tax benefits of $(62) million and $(24) million for the year ended December 31, 2023, related to changes in deferred taxes and a tax currency change, respectively.
[6]
7. For the year ended December 31, 2024, a charge of $120 million was recorded to establish a valuation allowance against the net deferred tax asset position of
a legal entity in Brazil (Seed business). For the year ended December 31, 2022, a benefit of $(36) million was recorded to release a valuation allowance against the net deferred tax asset position of a legal entity in Brazil (Crop Protection business)
[7]
5. Includes the effect of withholding tax on distribution of foreign earnings to the U.S., net of U.S. foreign tax credits.