Corteva Inc 2025年季度报告

FORM10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ (Exact Name of Registrant as Specified in its Charter) 82-4979096(I.R.S. Employer Identification No.)(833)267-8382(Registrant’s Telephone Number, including areacode) (State or other Jurisdiction of Incorporation or Organization)9330 Zionsville Road,Indianapolis,Indiana46268974 Centre Road,Wilmington,Delaware19805 (Address of Principal Executive Offices) (Zip Code) Commission File Number1-815EIDP, Inc. (Exact Name of Registrant as Specified in Its Charter) 51-0014090(I.R.S. Employer Identification No.)(833)267-8382(Registrant’s Telephone Number, including areacode) (State or other Jurisdiction of Incorporation or Organization)9330 Zionsville Road,Indianapolis,Indiana46268974 Centre Road,Wilmington,Delaware19805 (Address of Principal Executive Offices) (Zip Code) Securities registered pursuant to Section 12(b) of the Act for Corteva, Inc.: Securities registered pursuant to Section 12(b) of the Act for EIDP, Inc.: Table of Contents Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and YesxNooYesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the YesxNooYesxNoo Corteva, Inc.EIDP, Inc. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company.See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Corteva, Inc.EIDP, Inc. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Corteva, Inc. had682,170,000shares of common stock, par value $0.01per share, outstanding at May 1, 2025.EIDP, Inc. had200shares of common stock, par value $0.30per share, outstanding at May 1, 2025, all of which are held by Corteva,Inc. EIDP, Inc. meets the conditions set forth inGeneralInstructionH(1)(a) and (b) of Form 10-Q (as modified by a grant of no-actionrelief dated February 12, 2018) and is therefore filing this form with reduced disclosure format. Table of Contents Explanatory Note Corteva, Inc. owns all of the common equity interests in EIDP, Inc. EIDP, Inc. is a subsidiary of Corteva, Inc. and continues to be areporting company, subject to the requirements of the Securities Exchange Act of 1934, as amended. Unless otherwise indicated or the context otherwise requires, references in this Quarterly Report on Form 10-Q to: • "Corteva" or "the company" refers to Corteva, Inc. and its consolidated subsidiaries (including EIDP);• "EIDP" refers to EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) and its consolidated subsidiaries or EIDP excluding its consolidated subsidiaries, as the context may indicate;• "DowDuPont" refers to DowDuPont Inc. and its subsidiaries prior to the Separation of Corteva (defined below); • "Historical Dow" refers to The Dow Chemical Company and its consolidated subsidiaries prior to the Internal Reorganization(defined below); • "Historical DuPont" refers to EIDP prior to the Internal Reorganization (defined below);• "Internal Reorganizations" refers to the series of internal reorganization and realignment steps undertaken by Historical DuPont and Historical Dow to realign its business into three subgroups: agriculture, materials science and specialty products. Refer to the company’s Annual Report on Form10-K for the year ended December31, 2024 for further information.• "Dow Distribution" refers to the separation of DowDuPont's materials science business into a separate and independent publiccompany on April 1, 2019 by way of a distribution of Dow Inc. through a pro rata dividend in-kind of all of the then-issued and outstanding shares of Dow Inc.’s common stock;• "Merger” refers to the all-stock merger of equals strategic combination between Historical Dow and Historical DuPont onAugust 31, 2017; • "Dow" refers to Dow Inc. after the Dow Distribution; • "DuPont" refers to DuPont de Nemours, Inc. after the Separation of Corteva (on June 1, 2019, DowDuPont Inc. changed itsregistered name to