Corteva completed the acquisitions of Stoller Group Inc. and Quorum Vital Investment, S.L. for a combined price of $1.59 billion, supplementing the crop protection business with additional biological tools.

The company approved a plan to optimize its Crop Protection network, including exiting production at its Pittsburg, California site, with anticipated pre-tax restructuring and asset related charges of $410 million to $460 million.

The company continues to focus on delivering differentiated and sustainable solutions to growers, which in turn promise to strengthen global food security and help address the impacts of climate change.

The company returned approximately $1.2 billion to shareholders through share repurchases and common stock dividends, demonstrating management's commitment to returning value to shareholders.

The company's Board of Directors approved a 6.7 percent increase in the quarterly common stock dividend from $0.15 per share to $0.16 per share, signaling confidence in the business.

Management continues to implement restructuring actions to optimize the company's operational structure and drive cost and productivity improvements.

The company faces risks related to obtaining and maintaining regulatory approvals for its products, which could restrict its ability to sell products in some markets.

Corteva's business is subject to various competition and antitrust rules and regulations, and as the size of its business grows, scrutiny of its business by legislators and regulators in these areas may intensify.

The company's business, financial condition and results of operations could be materially affected by disruptions in the global economy caused by geopolitical and military conflicts.

Corteva faces significant competition in the markets in which it operates, with an increasing number of products available to growers and products coming off patent.

Speed in discovering, developing, protecting and responding to new technologies, including artificial intelligence and new technology-based distribution channels is a significant competitive advantage.

The degree of public understanding and acceptance or perceived public acceptance of Corteva's biotechnology and other agricultural products and technologies can affect Corteva's sales and results of operations.

The company is focused on ongoing cost and productivity actions to improve operational efficiency, which contributed to a decrease in cost of goods sold.

Corteva's supply chain strategy involves managing global supplies of active and intermediate ingredients sourced regionally with global best practices and oversight, and a robust and flexible global footprint to meet future portfolio growth.

The company's supply chain provides competitive advantages including reducing time to meet customer requirements in regions while minimizing costs through the value chain.

The company continues to invest in its industry-leading innovation pipeline focused on delivering greater value and productivity to growers through more differentiated and sustainably advantaged solutions.

R&D expense was $1.337 billion, an increase from $1.216 billion in the prior year, driven by an increase in salaries due to higher headcount and the associated spending on field, lab and facilities, and third-party research costs.

Corteva focuses on customer-driven innovation to deliver superior germplasm and trait technologies, with its R&D and supply chain groups working seamlessly to select and maintain product characteristics.

The company repurchased and retired 10,026,000 shares in the open market for a cost (excluding excise taxes) of $500 million during the year ended December 31, 2023, demonstrating a commitment to returning capital to shareholders.

The company's Board of Directors approved a 6.7 percent increase in the quarterly common stock dividend from $0.15 per share to $0.16 per share, signaling confidence in the business.

The company expects 2024 capital expenditures to be approximately $630 million, indicating continued investment in the business.

The company has a robust inclusion, diversity, and equity vision and strategy, based upon the belief that embracing diversity and inclusion benefits the company by creating a workforce with a greater variety of skills and perspectives.

The company has an established climate strategy, including commitments to reduce greenhouse gas emissions, and is seeking ways to reduce its impact and providing tools and incentives for customers to do the same.

The company monitors its recruitment and talent development processes, in order to prevent and detect inequities and potentially discriminatory practices that could negatively impact the creation of an inclusive culture and the retention of key talent for our leadership pipeline.

The agriculture industry is subject to seasonal and weather factors, which can vary unpredictably from period to period and affect the presence of disease and pests on a regional basis.

Climate change may increase the frequency or intensity of extreme weather such as storms, floods, heat waves, droughts and other events that could affect the quality, volume and cost of seed produced for sale as well as demand and product mix.

Corteva's business is subject to various competition and antitrust, rules and regulations around the world, and as the size of its business grows, scrutiny of its business by legislators and regulators in these areas may intensify.