| QUARTERLY FINANCIAL INFORMATION (UNAUDITED) As discussed in Note 4, as a result of the Electronics Separation and Aramids Divestiture, historical net income of the Electronics and Aramids businesses are reported in DuPont's consolidated financial statements as discontinued operations. The below provides unaudited summarized quarterly financial information on this basis to allow for meaningful comparison of continuing operations.
| | | | | | | | | | | | | | | | Quarterly Financial Information (Unaudited) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | | In millions | | Year ending December 31, 2025: | | | | | | Net sales | $ | 1,612 | | $ | 1,749 | | $ | 1,795 | | $ | 1,693 | | | Cost of sales | 1,069 | | 1,143 | | 1,179 | | 1,095 | | | Income (loss) from continuing operations before income taxes | $ | 97 | | $ | 78 | | $ | 91 | | $ | (66) | | | Income (loss) from continuing operations, net of tax | $ | 80 | | $ | 24 | | $ | 102 | | $ | (108) | | | (Loss) income from discontinued operations, net of tax | $ | (661) | | $ | 46 | | $ | (209) | | $ | (12) | | | Net (loss) income | $ | (581) | | $ | 70 | | $ | (107) | | $ | (120) | | | Net (loss) income available for DuPont common stockholders | $ | (589) | | $ | 59 | | $ | (123) | | $ | (126) | | | | | | | | Per common share data: | | | | | Earnings (loss) per common share from continuing operations - basic 1 | $ | 0.19 | | $ | 0.06 | | $ | 0.23 | | $ | (0.27) | | (Loss) earnings per common share from discontinued operations - basic 1 | (1.59) | | 0.08 | | (0.53) | | (0.03) | | (Loss) earnings per common share - basic 1 | $ | (1.41) | | $ | 0.14 | | $ | (0.29) | | $ | (0.30) | | Earnings (loss) per common share from continuing operations - diluted 1 | $ | 0.19 | | $ | 0.06 | | $ | 0.23 | | $ | (0.27) | | (Loss) earnings per common share from discontinued operations - diluted 1 | (1.59) | | 0.08 | | (0.53) | | (0.03) | | (Loss) earnings per common share - diluted 1 | $ | (1.40) | | $ | 0.14 | | $ | (0.29) | | $ | (0.30) | | | | | | | | Year ending December 31, 2024: | | | | | | Net sales | $ | 1,599 | | $ | 1,717 | | $ | 1,714 | | $ | 1,689 | | | Cost of sales | 1,098 | | 1,131 | | 1,134 | | 1,136 | | | Income (loss) from continuing operations before income taxes | $ | 28 | | $ | 1 | | $ | 287 | | $ | (199) | | | Income (loss) from continuing operations, net of tax | $ | 2 | | $ | (28) | | $ | 221 | | $ | (291) | | | Income from discontinued operations, net of tax | $ | 196 | | $ | 210 | | $ | 243 | | $ | 185 | | | Net income (loss) | $ | 198 | | $ | 182 | | $ | 464 | | $ | (106) | | | Net income (loss) available for DuPont common stockholders | $ | 188 | | $ | 178 | | $ | 454 | | $ | (117) | | | | | | | | Per common share data: | | | | | Earnings (loss) per common share from continuing operations - basic 1 | $ | — | | $ | (0.06) | | $ | 0.53 | | $ | (0.70) | | Earnings per common share from discontinued operations - basic 1 | 0.44 | | 0.49 | | 0.56 | | 0.42 | | Earnings (loss) per common share - basic 1 | $ | 0.44 | | $ | 0.43 | | $ | 1.09 | | $ | (0.28) | | Earnings (loss) per common share from continuing operations - diluted 1 | $ | — | | $ | (0.06) | | $ | 0.52 | | $ | (0.70) | | Earnings per common share from discontinued operations - diluted 1 | 0.44 | | 0.49 | | 0.56 | | 0.42 | | Earnings (loss) per common share - diluted 1 | $ | 0.44 | | $ | 0.43 | | $ | 1.08 | | $ | (0.28) | |
1.Earnings (loss) per share amounts for the year may not equal the sum of the quarterly earnings (loss) per common share amounts due to the change in average share calculations.
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