DuPont de Nemours, Inc.

NOTE 11 -NONCONSOLIDATED AFFILIATES

The Company's investments in affiliates accounted for using the equity method ("nonconsolidated affiliates") are recorded in "Investments and noncurrent receivables" in the interim Condensed Consolidated Balance Sheets. The Company's net investment in nonconsolidated affiliates at June 30, 2025 and December 31, 2024 is $791 million and $778 million, respectively.

Sales to nonconsolidated affiliates represented less than 2 percent of total net sales for the three and six months ended June 30, 2025 and 2024. Purchases from nonconsolidated affiliates represented less than 3 percent for the three and six months ended June 30, 2025 and 2024. The Company maintained an ownership interest inseven nonconsolidated affiliates at June 30, 2025.

Derby Equity Interest and Note Receivable

As a result of the Delrin® Divestiture, on November 1, 2023, the Company acquired a 19.9 percent non-controlling equity interest in Derby Group Holdings LLC, (“Derby”). As part of this transaction, DuPont received a note receivable of $350 million (the "Derby Note Receivable"). The financial results of Derby, subsequent to the transaction date, are included in DuPont's Consolidated Financial Statements with a three-month lag, using the equity method of accounting and with intercompany profits eliminated in accordance with DuPont’s accounting policy. The Company recorded income of $8 million and $2 million for the three months ended June 30, 2025 and 2024, respectively, and losses of $6 million and $5 million for the six months ended June 30, 2025 and 2024, respectively, in "Equity in earnings of nonconsolidated affiliates". The amounts related to the Derby equity interest are recorded within Corporate. The carrying values of the equity interest as of June 30, 2025 and December 31, 2024 were $106 million and $117 million, respectively.

The Company recognized non-cash interest income on the Derby Note Receivable of $6 million for both the three months ended June 30, 2025 and 2024 and $13 million and $12 million for the six months ended June 30, 2025 and 2024, respectively. This income was reported in "Sundry income (expense) - net" on the interim Consolidated Statement of Operations, and accreted to the carrying value of the note receivable. The carrying values of the note receivable as of June 30, 2025 and December 31, 2024 were $267 million and $254 million, respectively.