Corteva lifts crop protection restructuring charge outlook to $750 million-$815 million in 8-K amendment

Corteva Inc

Corteva Inc

CTVA

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  • Corteva amended its Nov. 8, 2023 Form 8-K on June 12, 2026 to update its Crop Protection operations restructuring program.
  • Expected aggregate pre-tax restructuring and asset-related charges raised to $750 million-$815 million, up $100 million-$115 million.
  • Charge mix: $100 million-$125 million severance, $350 million-$372 million asset-related and impairment, $300 million-$318 million exit and closure costs.
  • Anticipated cash payments set at $400 million-$443 million; actions expected substantially complete by end-2028.
  • Plan expanded to include intended cessation of production at Asturias, Spain; estimates revised for exiting Pittsburg, California production.


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