Corteva Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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.
Mar 31, 2024 · Filed May 2, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Fair Value Measurements
NOTE 17 -FAIR VALUE MEASUREMENTS
The following tables summarize the basis used to measure certain assets and liabilities at fair value on a recurring basis:
| March 31, 2024 | December 31, 2023 | March 31, 2023 | |
|---|---|---|---|
| (In millions) | Level 21 | Level 21 | Level 21 |
| Assets at fair value: | |||
| Marketable securities | $153 | $98 | $85 |
| Debt securities: | |||
| Foreign government bonds2 | 103 | — | — |
| Foreign currency | 22 | 83 | 41 |
| Commodity contracts | 3 | 5 | 2 |
| Total assets at fair value | $281 | $186 | $128 |
| Liabilities at fair value: | |||
| Foreign currency | 60 | 61 | 87 |
| Commodity contracts | 7 | 14 | 15 |
| Total liabilities at fair value | $67 | $75 | $102 |
Reflects significant other observable inputs.
Represents the company's investments in debt securities that are classified as available-for-sale, which are included in other assets in the interim Consolidated Balance Sheets.
See Note 16 - Financial Instruments for the classification of derivatives in the interim Consolidated Balance Sheets.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.