Corteva CTVA · USD

Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balance includes $49 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPAs October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page F-43 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the North Carolina Department of Environmental Quality ("NC DEQ").

NOTE 15 - COMMITMENTS AND CONTINGENT LIABILITIESGuaranteesIndemnificationsIn connection with acquisitions and divestitures, the company has indemnified respective parties against certain liabilities that may arise in connection with these transactions and business activities prior to the completion of the transactions. The term of these indemnifications, which typically pertain to environmental, tax and product liabilities, is generally indefinite. In addition, the company indemnifies its duly elected or appointed directors and officers to the fullest extent permitted by Delaware law, against liabilities incurred as a result of their activities for the company, such as adverse judgments relating to litigation matters. If the indemnified party were to incur a liability or have a liability increase as a result of a successful claim, pursuant to the terms of the indemnification, the company would be required to reimburse the indemnified party. The maximum amount of potential future payments is generally unlimited. See below for additional information relating to the indemnification obligations under the Chemours Separation Agreement and the Corteva Separation Agreement.Obligations for Supplier Finance ProgramsThe company enters into supplier finance programs with various finance providers in which the company agrees to pay these finance providers the stated amount of confirmed invoices from participating suppliers by the original maturity date. The company or the finance provider may terminate the agreement upon providing at least thirty days’ written notice. The payment terms that the company has with its finance providers under supplier finance programs are less than one year. At December 31, 2025 and 2024, the outstanding obligations under supplier finance programs was approximately $121 million and $88 million, respectively, and included within accounts payable in the Consolidated Balance Sheets.

Long-Term DebtDecember 31, 2025December 31, 2024(In millions)AmountWeighted Average RateAmountWeighted Average RatePromissory notes and debentures:Maturing in July 2025$— — %$500 1.70 %Maturing in May 2026600 4.50 %600 4.50 %Maturing in July 2030500 2.30 %500 2.30 %Maturing in May 2032500 5.125 %— — %Maturing in May 2033600 4.80 %600 4.80 %Other loans:Foreign currency loans, various rates and maturities182 12.70 %161 12.70 %Medium-term notes, varying maturities through 2041102 3.76 %104 4.

INCOME TAXES Domestic and foreign components of income (loss) from continuing operations before income taxes and the provision for (benefit from) current and deferred tax expense (benefit) are shown below: Geographic Allocation of Income (Loss) and Provision for (Benefit from) Income Taxes For the Year Ended December 31,(In millions)202520242023Income (loss) from continuing operations before income taxesDomestic$325 $324 $(414)Foreign1,363 951 1,507 Income (loss) from continuing operations before income taxes$1,688 $1,275 $1,093 Current tax expense (benefit)Federal$87 $285 $143 State and local26 45 40 Foreign412 447 407 Total current tax expense (benefit)$525 $777 $590 Deferred tax expense (benefit) Federal$(139)$(300)$(326)State and local(24)(28)(50)Foreign122 (37)(62)Total deferred tax expense (benefit)$(41)$(365)$(438)Provision for (benefit from) income taxes on continuing operations484 412 152 Net income (loss) from continuing operations after taxes$1,204 $863 $941 The table below provides the updated disclosure requirements of ASU 2023-09, which was adopted on a prospective basis for the year ended December 31, 2025. See Note 3 - Recent Accounting Guidance, to the Consolidated Financial Statements, for a description of the relevant disclosure requirements.The effective income tax rate applicable to income (loss) from continuing operations before income taxes was different from the statutory U.S. federal income tax rate due to the factors listed in the following table: Reconciliation to U.S. Statutory RateFor the Year Ended December 31,2025($ In millions)$%U.S. Federal statutory tax rate$354 21.0 %State and local income tax, net of federal (national) income tax effect 15 0.3 %Foreign tax effectsArgentinaStatutory tax rate differential(17)(1.0)%Withholding tax18 1.1 %Exchange gains/losses(31)(1.8)%Changes in valuation allowances73 4.3 %Other(3)(0.2)%BrazilWithholding tax37 2.2 %Changes in valuation allowances 2153 9.1 %Other(4)(0.2)%IndiaStatutory tax rate differential17 1.0 %Agriculture exemption(41)(2.4)%Withholding tax31 1.8 %Other1 0.1 %SwitzerlandStatutory tax rate differential(91)(5.4)%Cantonal income tax, net59 3.5 %Other(1)(0.1)%Other foreign jurisdictions49 2.9 %Effect of cross-border tax laws (net of related foreign tax credits)Global Intangible Low-Taxed Income (GILTI)24 1.4 %Other12 0.7 %Tax creditsU.S. research and development credit(47)(2.8)%Other foreign tax credits(52)(3.1)%Changes in valuation allowances 374 4.

Principally reflects the impact of foreign exchange gains and losses on net monetary assets for which no corresponding tax impact is realized. Further information about the company's foreign currency hedging program is included in Note 6 - Supplementary Information, and Note 19 - Financial Instruments, to the Consolidated Financial Statements, under the heading "Foreign Currency Risk.

STOCK-BASED COMPENSATIONPrior to the Corteva Separation, Corteva employees held equity awards, including stock options, share appreciation rights (“SARs”), restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”), which were denominated in DowDuPont common stock and, in some cases, in Dow Inc. common stock, and which had originally been issued under the DuPont Equity and Incentive Plan ("EIP"), the Dow Chemical Company 2012 Stock Incentive Plan or the Dow Chemical Company 1988 Award and Option Plan. As discussed in Note 15 - Commitments and Contingent Liabilities, to the Consolidated Financial Statements, on April 1, 2019 the company entered into an Employee Matters Agreement (the "EMA") with DuPont and Dow that identifies employees and employee-related liabilities (and attributable assets) to be allocated (either retained, transferred and accepted, or assigned and assumed, as applicable) to the Parties as part of the Distributions and describes when and how the relevant transfers and assignments were to occur. With some exceptions, the EMA provides for the equitable adjustment of existing equity incentive compensation awards denominated in the common stock of DowDuPont to reflect the occurrence of the Distributions.In connection with the Corteva Separation on June 1, 2019, outstanding DowDuPont-denominated stock options, SARs, RSU and PSU awards were converted into Corteva-denominated awards under the “Employer Method,” or into both DuPont-denominated awards and Corteva-denominated awards under the “Shareholder Method,” using a formula designed to preserve the intrinsic value of the awards immediately prior to and subsequent to the Corteva Separation. The awards have the same terms and conditions under the applicable plans and award agreements prior to the Corteva Separation transactions. The conversions of equity awards did not have a material impact on the company’s Consolidated Financial Statements.On June 1, 2019 (“Adoption Date”), in connection with the Corteva Separation, the Omnibus Incentive Plan (the "OIP") became effective.

CYBERSECURITYRisk Management and Strategy. The company’s risk management programs for cybersecurity are integrated into the company’s enterprise risk management and general compliance programs and processes. Our cybersecurity program utilizes a layered, defense-in-depth strategy to identify and mitigate cybersecurity threats. The company’s information security team is responsible for the day-to-day management of the company’s global information security program, which includes defining policies and procedures to safeguard our information systems and data, conducting vulnerability, threat and third-party information security assessments, information security event management (i.e., responding to ransomware and other cyber-attacks, business continuity and recovery), evaluating external cyber intelligence, supporting industry cybersecurity efforts and working with governmental agencies. The global information security team also develops training for personnel (e.g., employees and contractors) with access to Corteva’s system to support adherence to the company’s policies and procedures, along with increasing awareness of cyber-related risk. The personnel training includes, but is not limited to, mandatory onboarding training, phishing simulations with automated remediation training, table-top incident response exercises, and educational intranet posting and email campaigns.Our Enterprise Risk Management Committee, which includes the company’s Chief Information Officer (“CIO”) and Chief Information Security Officer (“CISO”), independently assesses and monitors the effectiveness of the company’s cybersecurity risk management programs and strategies. The company’s internal audit function also performs independent reviews and validation of the various programs, including policies and procedures as determined by their annual risk assessment. The company leverages the U.S. Department of Commerce’s National Institute of Standards and Technology (“NIST”) Cybersecurity Framework (“Framework”) as the foundation of its global information security program. The NIST Framework provides standards, guidelines, and practices for organizations to better manage and reduce cybersecurity risk and is designed to foster risk and cybersecurity management communications amongst both internal and external organizational stakeholders.

Information pertaining to certain Items in Part III of this report is incorporated herein by reference to portions of Corteva, Inc.'s definitive 2026 Annual Meeting Proxy Statement to be filed within 120 days after the end of the year covered by this Annual Report on Form 10-K, pursuant to Regulation 14A (the Proxy).