Corteva, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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, 2026 · Filed May 6, 2026
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Related Party Transactions
NOTE 2 -RELATED PARTY TRANSACTIONS
Transactions with Corteva
EIDP and Corteva, including certain consolidated subsidiaries (collectively the “Participating Companies”), are party to a Master In-House Banking Agreement, which established banking arrangements to facilitate the management of the cash and liquidity needs of the Participating Companies.
In February and March 2026, the Board of Directors of EIDP authorized and declared cumulative dividends of $627 million to Corteva, Inc., from which the proceeds are intended to be used to fund Corteva, Inc. share repurchases and common stock dividends during the first and second quarters of 2026. As of March 31, 2026, EIDP had a dividend payable to Corteva, Inc. of $390 million.
For the three months ended March 31, 2026, EIDP declared cash dividends to Corteva, Inc. amounting to $627 million, of which $371 million were paid to Corteva, Inc. during the period. For the three months ended March 31, 2025, EIDP declared cash dividends to Corteva, Inc. amounting to $513 million, all of which were paid to Corteva, Inc. during the period.
As of March 31, 2026, December 31, 2025 and March 31, 2025, EIDP had payables to Corteva, Inc. of $28 million, $27 million and $17 million included in accrued and other current liabilities, respectively, and $103 million, $154 million and $149 million included in other noncurrent obligations, respectively, in the interim Consolidated Balance Sheets related to Corteva’s indemnification liabilities to Dow and DuPont per the Separation Agreements (refer to the section entitled “Guarantees” of Note 15 - Commitments and Contingent Liabilities, to the interim Corteva Consolidated Financial Statements, for further details of the Separation Agreements).
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