Corteva, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 12, 2026
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Property, Plant and Equipment
NOTE 11 -PROPERTY, PLANT AND EQUIPMENT
| (In millions) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Land and land improvements | $449 | $425 |
| Buildings | 1,867 | 1,715 |
| Machinery and equipment | 6,849 | 6,472 |
| Construction in progress | 386 | 462 |
| Total property, plant and equipment | $9,551 | $9,074 |
| Accumulated depreciation | (5,331) | (4,975) |
| Total property, plant and equipment - net | $4,220 | $4,099 |
Buildings, machinery and equipment and land improvements are depreciated over useful lives on a straight-line basis ranging from 2 to 25 years. Capitalizable costs associated with computer software for internal use are amortized on a straight-line basis over 2 to 7 years.
| For the Year Ended December 31, | |||
|---|---|---|---|
| (In millions) | 2025 | 2024 | 2023 |
| Depreciation expense | $559 | $542 | $528 |
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