Crop Protection volume increased versus the prior year driven primarily by Latin America and North America demand for new products and spinosyns, partially offset by residual destocking and unfavorable weather in EMEA.

Seed volumes declined due to reduced corn planted area in Argentina. Unfavorable currency impacts were driven by the Turkish Lira and the Brazilian Real.

The company expects net sales in the range of $17.0 billion to $17.2 billion, a decline of 1 percent at the mid-point for full-year 2024.

Cost of goods sold decreased primarily due to favorable currency effects, ongoing cost and productivity actions and Crop Protection raw material deflation.

R&D expense increased in support of the company's long-term investment plans and was primarily driven by an increase in salaries due to higher headcount, as well as additional spending on field, lab and facilities, and third-party research costs.

The Crop Protection Operations Strategy Restructuring Program is expected to contribute to the company's ongoing cost and productivity improvement efforts through achieving an estimated $180 million of savings on a run rate basis by 2027.

The company faces risks related to obtaining and maintaining regulatory approvals for its products and complying with evolving regulatory requirements.

The company is exposed to the effect of climate change and unpredictable seasonal and weather factors, which could impact its operations.

The company faces risks related to environmental litigation and the indemnification obligations of legacy EIDP liabilities in connection with the separation of Corteva.

The Seed business has continued to outperform the market, likely gaining market share while improving operational efficiency.

Crop Protection pricing declined due to the competitive environment in Latin America.

The company faces risks related to the effect of competition in its industry and competitor's establishment of an intermediary platform for distribution of its products.

The company is implementing cost and productivity actions, which contributed to the decrease in cost of goods sold.

The company is implementing the Crop Protection Operations Strategy Restructuring Program to optimize its network of manufacturing and external partners.

Cost of goods sold decreased due to favorable currency effects, ongoing cost and productivity actions and Crop Protection raw material deflation, partially offset by higher Seed commodity and other cost of sales and higher volumes.

R&D expense increased in support of the company's long-term investment plans and was primarily driven by an increase in salaries due to higher headcount, as well as additional spending on field, lab and facilities, and third-party research costs.

The company faces risks related to the failure to successfully develop and commercialize its pipeline.

The segment offers trait technologies that improve resistance to weather, disease, insects, herbicides used to control weeds and enhance food and nutritional characteristics, and digital solutions that assist farmer decision-making to help maximize yield and profitability.

The company repurchased and retired 4,722,000 shares and 4,913,000 shares in the open market for a total cost (excluding excise taxes) of $250 million for both the three months ended September 30, 2024 and 2023, respectively, and 13,838,000 shares and 6,330,000 shares in the open market for a total cost (excluding excise taxes) of $750 million and $330 million during the nine months ended September 30, 2024 and 2023 respectively.

The company's Board of Directors authorized a common stock dividend of $0.17 per share, payable on September 17, 2024, to the shareholders of record on September 3, 2024.

For the full year 2024, the company expects repurchases of approximately $1 billion under the 2022 Share Buyback Plan.

The company faces risks related to complying with evolving regulatory requirements and the effect of actual or alleged violations of environmental laws or permit requirements.

It is reasonably possible that environmental remediation and restoration costs in excess of amounts accrued could have a material impact on the company's results of operations, financial condition and cash flows.

The company faces risks related to capital markets sentiment towards sustainability matters.

The company faces risks related to geopolitical and military conflict.

The company is exposed to the effect of volatility in its input costs and currency and inflation impacts resulting from macro-economic driven trends.

The company is exposed to the effect of climate change and unpredictable seasonal and weather factors.