CTVA · 10-Q · 2026Q4 · Full report
North Carolina PFAS Settlement
Corteva, Inc. · 2026-11-12 · Importance 34 · Surprise 42 · In source text
In September 2026, Corteva, DuPont, Chemours, and EIDP settled statewide PFAS and Fayetteville Works-related claims with North Carolina and named counties and local governments. The companies will collectively pay the State and applicable subdivisions over 15 years; Corteva’s share is approximately the amount shown as a blank in the filing text. Corteva and DuPont must guarantee Chemours’ settlement payments and establish financial assurance, capped at an amount not rendered in the filing, that North Carolina may access if Chemours fails to comply with its NC Consent Order. Corteva recorded an accrual for these claims as of September 30, 2026.
Key facts
- Corteva reached an agreement in principle in July 2026 to settle claims by approximately 2,900 private property owners near the Fayetteville Works facility; an accrual was established as of September 30, 2026. source
- In September 2026, Corteva, DuPont, Chemours and EIDP reached a North Carolina PFAS settlement covering statewide claims and Fayetteville Works-related claims, with payments by the companies over 15 years; Corteva’s share and the total payment are redacted in the text. source
- Under the North Carolina settlement, Corteva and DuPont must guarantee Chemours’ settlement payments and establish a reserve fund through a line of credit, letter of credit and/or surety bond capped at a redacted amount for potential Chemours noncompliance with the NC Consent Order; the financial assurances remained subject to finalization. source
- As of September 30, 2026, Corteva had established an accrual for the North Carolina settlement claims. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | — | Corteva reached an agreement in principle in July 2026 to settle claims by approximately 2,900 private property owners near the… |
| liability | negative | realized | — | Corteva reached an agreement in principle in July 2026 to settle claims by approximately 2,900 private property owners near the… |
| liability | negative | committed | — | In September 2026, Corteva, DuPont, Chemours and EIDP reached a North Carolina PFAS settlement covering statewide claims and Fayetteville… |
| cash | negative | committed | — | In September 2026, Corteva, DuPont, Chemours and EIDP reached a North Carolina PFAS settlement covering statewide claims and Fayetteville… |
| liability | negative | contingent | — | Under the North Carolina settlement, Corteva and DuPont must guarantee Chemours’ settlement payments and establish a reserve fund through… |