CTVA · 10-Q · 2026Q4 · Full report

PFAS Water Settlement

Corteva, Inc. · 2026-11-12 · Importance 38 · Surprise 24 · In source text

Corteva, EIDP, DuPont and Chemours finalized a Nationwide Water District Settlement in April 2024 for $1.185 billion in aggregate, resolving PFAS drinking-water claims for a defined class of U.S. public water systems. The 2021 MOU provides for a 50-50 sharing of certain qualified PFAS expenses between Chemours and Corteva together with DuPont, subject to specified caps and a term of up to 20 years. In September 2026, the parties agreed to apply a net-present-value methodology using a 25-year payment period and an unspecified discount rate to calculate qualified spend; New Jersey and North Carolina settlement payments will satisfy future MOU escrow contributions. Approximately 12,000 AFFF-related cases were consolidated in the South Carolina multidistrict litigation, with the first bellwether personal-injury trial expected in 2027; discussions on resolution remain ongoing after 3M’s November 3, 2026 settlement.

Key facts

• In April 2024, Corteva, EIDP, DuPont and Chemours finalized a $1.185 billion aggregate settlement resolving defined-class U.S. public water systems' drinking water claims related to PFAS. source
• Corteva and DuPont together agreed to a 50-50 split with Chemours of certain qualified PFAS expenses over a term not to exceed 20 years, subject to the MOU's terms and limits. source
• The companies’ Delaware PFAS settlement provides for a supplemental payment if, within the specified period, they settle another state’s PFAS natural-resource-damage claims for more than $[redacted] million; supplemental payments are capped at $[redacted] million in aggregate. source
• The Delaware settlement’s one-time supplemental payment will be triggered when the further opportunity for appeals expires under the Ohio judicial consent order process; Corteva has made all required payments under the MOU. source
• The first bellwether personal injury trial in the aqueous film-forming foam multi-district litigation was expected to be scheduled for 2027; the litigation includes EIDP and Chemours and some cases include Corteva. source
• On October 1, 2026, Indiana, 14 other states and one U.S. territory filed fraudulent conveyance claims seeking to enjoin Corteva and Vylor from further asset transfers, including share repurchases or dividends; the temporary restraining order was stayed pending appeal. source
• Corteva’s discontinued-operations loss after tax was $41 million and $95 million for the three and nine months ended September 30, 2026, respectively, driven in part by its purchase of Chemours’ future interest, if any, in certain insurance proceeds and charges related to the MOU with Chemours and DuPont, including litigation and PFAS remediation. source
• In July 2026, New York’s attorney general sued 3M, DuPont, Chemours, Corteva and EIDP over alleged PFAS contamination, including public nuisance and consumer protection claims. source

Impact estimates