CTVA · 8-K · 20261001PR000028

PFAS Settlement and Charges

Corteva, Inc. · 2026-10-01 · Importance 71 · Surprise 82 · Contradicted

For 2025, New Corteva recorded a $99 million after-tax charge in discontinued operations, compared with a $56 million after-tax benefit in 2024; the 2025 charge was driven by the Chemours-DuPont MOU, the New Jersey Statewide Settlement and PFAS remediation activities. The New Jersey settlement provides for $875 million of aggregate cash payments over 25 years, with a stated net present value of approximately $500 million, and Corteva recorded a $72 million pretax ($58 million after-tax) charge in the second quarter of 2025 for its MOU-based share. In September 2026, DuPont and Corteva contributed $150 million to an escrow fund to purchase Chemours’ future interest in certain insurance proceeds, including $44 million contributed by Corteva.

Key facts

• The New Jersey Statewide Settlement was finally approved in August 2026 and provides for $875 million of aggregate cash payments over 25 years, with an approximately $500 million net present value using an 8% discount rate. source
• In September 2026, Corteva, DuPont, Chemours and EIDP agreed to a North Carolina PFAS settlement requiring collective payments of $455 million over 15 years; Corteva’s share is approximately $66 million. source
• Corteva, EIDP, DuPont, and Chemours agreed to a $1.185 billion aggregate Nationwide Water District Settlement in June 2023; it became final in April 2024, releasing restricted cash and derecognizing the associated liability. source
• Under the North Carolina settlement, Corteva and DuPont must guarantee Chemours’ settlement payments on a 29% and 71% basis, respectively, and establish a reserve fund capped at $135 million through a line of credit, letter of credit and/or surety bond. source
• Under the 2021 Delaware PFAS settlement, a proportionally similar state PFAS natural resource damages settlement within 8 years exceeding $50 million triggers a supplemental payment equal to the recovery above $50 million, capped at $25 million in aggregate. source
• The Delaware settlement’s one-time supplemental payment, triggered by the Ohio natural resource damages settlement, will be due when the opportunity for appeals under the Ohio judicial consent order process expires. source
• New Corteva recorded a $99 million charge for discontinued operations after tax in 2025, driven by the Chemours-DuPont MOU, including the NJ Statewide Settlement litigation charge and PFAS remediation, primarily at Chemours’ Fayetteville Works facility. source
• Corteva recorded a $72 million pretax loss ($58 million after tax) in Q2 2025 for the net present value of its MOU share of the New Jersey settlement payment. source

Impact estimates