EIDP (CTA-PA) 10-Q 27 Jul 09 2009 Q2 Quarterly report Financial data

Consolidated Income Statements

Consolidated Income Statements (USD $)
In Millions, unless otherwise specified	3 Months Ended Jun. 30, 2009	3 Months Ended Jun. 30, 2008	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Net Sales	$6,858	$8,837	$13,729	$17,412
Other income, net	230	442	629	637
Total	7,088	9,279	14,358	18,049
Cost of goods sold and other operating charges	5,007	6,426	10,192	12,382
Selling, general and administrative expenses	907	987	1,814	1,921
Research and development expense	331	360	654	690
Interest expense	106	94	212	174
Employee separation / asset related charges, net	265	0	265	0
Total	6,616	7,867	13,137	15,167
Income before income taxes	472	1,412	1,221	2,882
Provision for income taxes	51	335	311	608
Net income	421	1,077	910	2,274
Less: Net income (loss) attributable to noncontrolling interests	4	(1)	5	5
Net income attributable to DuPont	$417	$1,078	$905	$2,269
Basic earnings per share of common stock	0.46	1.19	1	2.51
Diluted earnings per share of common stock	0.46	1.18	0.99	2.49
Dividends per share of common stock	0.41	0.41	0.82	0.82

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (USD $)
In Millions	Jun. 30, 2009	Dec. 31, 2008
Current assets
Cash and cash equivalents	$2,157	$3,645
Marketable securities	456	59
Accounts and notes receivable, net	7,327	5,140
Inventories	3,900	5,681
Prepaid expenses	150	143
Income taxes	588	643
Total current assets	14,578	15,311
Property, plant and equipment, net of accumulated depreciation (June 30, 2009 - $17,395; December 31, 2008 - $16,800)	11,124	11,154
Goodwill	2,138	2,135
Other intangible assets	2,630	2,710
Investment in affiliates	892	844
Other assets	3,896	4,055
Total	35,258	36,209
Current liabilities
Accounts payable	2,185	3,128
Short-term borrowings and capital lease obligations	2,803	2,012
Income taxes	156	110
Other accrued liabilities	3,509	4,460
Total current liabilities	8,653	9,710
Long-term borrowings and capital lease obligations	7,556	7,638
Other liabilities	10,994	11,169
Deferred income taxes	148	140
Total liabilities	27,351	28,657
Stockholders' equity
Preferred stock	237	237
Common stock, $0.30 par value; 1,800,000,000 shares authorized; Issued at June 30, 2009 - 990,649,000; December 31, 2008 - 989,415,000	297	297
Additional paid-in capital	8,441	8,380
Reinvested earnings	10,611	10,456
Accumulated other comprehensive loss	(5,385)	(5,518)
Common stock held in treasury, at cost (87,041,000 shares at June 30, 2009 and December 31, 2008)	(6,727)	(6,727)
Total DuPont stockholders' equity	7,474	7,125
Noncontrolling interests	433	427
Total equity	7,907	7,552
Total	$35,258	$36,209

1_Condensed Consolidated Balanc

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data, unless otherwise specified	Jun. 30, 2009	Dec. 31, 2008
Condensed Consolidated Balance Sheets (Parenthetical)
Accumulated depreciation	$17,395	$16,800
Common stock, par value	0.3	0.3
Common stock, shares authorized	1,800,000,000	1,800,000,000
Common stock, shares issued	990,649,000	989,415,000
Common stock held in treasury, shares	87,041,000	87,041,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows (USD $)
In Millions	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Operating activities
Net income attributable to DuPont	$905	$2,269
Adjustments to reconcile net income attributable to DuPont to cash provided by (used for) operating activities:
Depreciation	621	578
Amortization of intangible assets	167	172
Contributions to pension plans	(155)	(148)
Other noncash charges and credits - net	590	72
Change in operating assets and liabilities - net	(2,083)	(3,376)
Cash provided by (used for) operating activities	45	(433)
Investing activities
Purchases of property, plant and equipment	(719)	(892)
Investments in affiliates	(15)	(19)
Payments for businesses - net of cash acquired	(12)	(67)
Proceeds from sales of assets - net of cash sold	49	17
Net increase in short-term financial instruments	(381)	(66)
Forward exchange contract settlements	(396)	(298)
Other investing activities - net	(2)	(9)
Cash used for investing activities	(1,476)	(1,334)
Financing activities
Dividends paid to stockholders	(746)	(749)
Net increase in borrowings	714	2,443
Proceeds from exercise of stock options	0	87
Other financing activities - net	(25)	(41)
Cash (used for) provided by financing activities	(57)	1,740
Effect of exchange rate changes on cash	0	25
Decrease in cash and cash equivalents	(1,488)	(2)
Cash and cash equivalents at beginning of period	3,645	1,305
Cash and cash equivalents at end of period	$2,157	$1,303

Summary of Significant Accounti

Summary of Significant Accounting Policies
	6 Months Ended Jun. 30, 2009
Summary of Signicant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Interim Financial Statements The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (GAAP) for interim financial information and the instructions to Form10-Q and Rule10-01 of RegulationS-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included. Results for interim periods should not be considered indicative of results for a full year. These interim Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Notes thereto contained in the company's Annual Report on Form10-K for the year ended December 31, 2008, collectively referred to as the 2008 Annual Report. The Consolidated Financial Statements include the accounts of the company and all of its subsidiaries in which a controlling interest is maintained, as well as variable interest entities in which DuPont is considered the primary beneficiary. Certain reclassifications of prior year's data have been made to conform to current year classifications. Subsequent Events The companys management has evaluated the period from July 1, 2009 through July 27, 2009, the date the financial statements herein were issued, for subsequent events requiring recognition or disclosure in the financial statements. During this period, no material recognizable subsequent events were identified. Accounting Standards Issued Not Yet Adopted In December 2008, the Financial Accounting Standards Board (FASB) issued FASB Staff Position (FSP) Financial Accounting Standard (SFAS) 132(R)-1, "Employers' Disclosures about Postretirement Benefit Plan Assets," which is effective for fiscal years ending after December 15, 2009. The new standard expands disclosures for assets held by employer pension and other postretirement benefit plans. FSP SFAS 132(R)-1 will not affect the companys financial position or results of operations. In June 2009, FASB issued SFAS No. 166, Accounting for Transfers of Financial Assets, an amendment of FASB Statement No. 140. SFAS 166 is applied to financial asset transfers on or after the effective date, which is January 1, 2010 for the companys financial statements. SFAS 166 limits the circumstances in which a financial asset may be de-recognized when the transferor has not transferred the entire financial asset or has continuing involvement with the transferred asset. The concept of a qualifying special-purpose entity, which had previously facilitated sale accounting for certain asset transfers, is removed by SFAS 166. The company expects that SFAS 166 will not have a material effect on its financial position or results of operations. In June 2009, FASB issued SFAS No. 167, Amendments to FASB Interpretation No. 46(R) which deals with accounting for variable interest entities and is effective for reporting periods beginning after November 15, 2009. The amendments change the process for how an enterprise de

Implementation of FASB Statemen

Implementation of FASB Statement of Financial Accounting Standards No. 160
	6 Months Ended Jun. 30, 2009
Implementation of FASB Statement of Financial Accounting Standards No. 160 [Abstract]
Implementation of FASB Statement of Financial Accounting Standards No. 160	Note 2. Implementation of FASB Statement of Financial Accounting Standards No. 160 Noncontrolling Interests in Consolidated Financial Statements an Amendment of Accounting Research Bulletin No. 51 (SFAS 160) Effective January 1, 2009, the company implemented the provisions of SFAS 160 for the reporting of non-controlling interests in the companys Consolidated Financial Statements and accompanying notes. The pronouncement changed the accounting and reporting of minority interests (now referred to as non-controlling interests) in the companys Consolidated Financial Statements. The following tables illustrate the changes in equity for the three and six months ended June 30, 2009 and 2008, respectively: Consolidated Changes in Equity for the Three Months Ended June 30, 2009 Total Comprehensive Income Preferred Stock Common Stock Additional Paid-in- Capital Reinvested Earnings Accumulated Other Comprehensive Loss Treasury Stock Noncontrolling Interests Beginning balance $ 7,643 $ 237 $ 297 $ 8,396 $ 10,569 $ (5,558) $(6,727) $ 429 Purchase of subsidiary shares from noncontrolling interest (1) (1) Comprehensive income: Net income 421 421 417 4 Other comprehensive income (loss), net of tax: Cumulative translation adjustment 93 93 93 Net revaluation and clearance of cash flow hedges to earnings 38 38 36 2 Pension benefit plans 49 49 49 Other benefit plans (8) (8) (8) Net unrealizedgain on securities 3 3 3 Other comprehensive income 175 175 Comprehensive income 596 596 1 Common dividends (374) (373) (1) Preferred dividends (2) (2) Common stock issued - compensation plans 45 45 Total Equity as of June 30, 2009 $ 7,907 $ 237 $ 297 $ 8,441 $ 10,611 $ (5,385) $(6,727) $ 433 Consolidated Changes in Equity for the Three Months Ended June 30, 2008 Total Comprehensive Income Preferred Stock Common Stock Additional Paid-in-Capital Reinvested Earnings Accumulated Other Comprehensive Loss Treasury Stock Noncontrolling Interests

Fair Value Measurements

Fair Value Measurements
	6 Months Ended Jun. 30, 2009
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 3. Fair Value Measurements In 2008, the company implemented the provisions of SFAS 157, Fair Value Measurements for financial assets and financial liabilities reported at fair value. Effective January 1, 2009, the company prospectively implemented the provisions of FSP No. SFAS 157-2 for non-financial assets and non-financial liabilities reported or disclosed at fair value, except for non-financial items that are recognized or disclosed at fair value in the financial statements on a recurring basis (at least annually). SFAS 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. The disclosures focus on the inputs used to measure fair value. The company has determined that its financial assets and liabilities are level 1 and level 2 in the fair value hierarchy. The company uses the following valuation techniques to measure fair value for its financial assets and financial liabilities: Level 1 - Quoted market prices in active markets for identical assets or liabilities Level 2 - Significant other observable inputs (e.g. quoted prices for similar items in active markets, quoted prices for identical or similar items in markets that are not active, inputs other than quoted prices that are observable such as interest rate and yield curves, and market-corroborated inputs) At June 30, 2009, the following financial assets and financial liabilities were measured at fair value on a recurring basis using the type of inputs shown: June 30, 2009 Fair Value Measurements at June 30, 2009 Using Level 1 Inputs Level 2 Inputs Financial assets Derivatives $ 54 $ - $ 54 Available-for-sale securities 20 20 - $ 74 $ 20 $ 54 Financial liabilities Derivatives $ 292 $ - $ 292 In accordance with FSP SFAS 107-1 and APB 28-1, Interim Disclosures about Fair Value of Financial Instruments, the estimated fair value of the companys outstanding debt, including interest rate financial instruments, based on quoted market prices for the same or similar issues or on current rates offered to the company for debt of the same remaining maturities, was $10,700 at June 30, 2009, as compared to a carrying value of approximately $10,400.

Other Income, Net

Other Income, Net
	6 Months Ended Jun. 30, 2009
Other Income, Net [Abstract]
Other Income, Net	Note 4. Other Income, Net Three Months Ended June 30, Six Months Ended June 30, 2009 2008 2009 2008 Cozaar/Hyzaar income $ 271 $ 264 $ 522 $ 497 Royalty income 19 21 51 48 Interest income 24 41 45 68 Equity in earnings of affiliates 19 63 52 82 Net gains on sales of assets 37 12 41 14 Net exchange losses 1 (141) (44) (92) (179) Miscellaneous income and expenses, net 2 1 85 10 107 Total $ 230 $ 442 $ 629 $ 637 1 The company routinely uses forward exchange contracts to offset its net exposures, by currency, related to its foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The net pre-tax exchange gains and losses are partially offset by the associated tax impact. 2Miscellaneous income and expenses, net, includes interest items, insurance recoveries, litigation settlements, and other items.

Employee Separation and Asset R

Employee Separation and Asset Related Charges, Net
	6 Months Ended Jun. 30, 2009
Employee Separation and Asset Related Charges, Net	Note 5. Employee Separation / Asset Related Charges, Net During the second quarter of 2009, the company initiated additional actions to address the continuation of the global economic recession through a global restructuring program described below. At June 30, 2009, total liabilities relating to current and prior restructuring activities were $444. 2009 Activities In response to the protracted global economic recession, the company has committed to an initiative to address the steep and extended downturn in motor vehicle and construction markets, and the extension of the downturn into industrial markets. The plan is designed to restructure asset and fixed cost bases in order to improve long-term competitiveness, simplify business processes, and maximize pre-tax operating income. Under the plan, the company will eliminate about 2,000 positions by severance principally located in the United States of America. As a result, a charge of $340 was recorded in Employee separation / asset related charges, net which pertains to the following financial statement line items; cost of goods sold and other operating charges - 60%, selling, general and administrative expenses - 30%, and research and development expenses - 10%. This charge includes $212of severance and related benefits costs, $24 of other non-personnel costs and $104 of asset-related charges, including $77for asset shut downs and write-offs, $11 for asset impairments and $16 for accelerated depreciation. As of June 30, 2009, no cash payments related to separation costs have been made, and no employees have been separated. The company expects this initiative and all related payments to be substantially complete in 2010. The 2009 program charge reduced segment earnings for the three and six-months ended June 30, 2009 as follows: Coatings Color Technologies - $70; Electronic Communication Technologies - $73; Performance Materials - $110; Safety Protection - $86; and Other - $1. Account balances and activity for the 2009 restructuring program are summarized below: Asset - Related Employee Separation Costs Other Non-personnel Charges1 Total Net charges to income for the three- and six-months ended June 30, 2009 $ 104 $ 212 $ 24 $ 340 Asset write-offs and adjustments (104) - - (104) Balance at June 30, 2009 $ - $ 212 $ 24 $ 236 1 Other non-personnel charges consist of contractual obligation costs. 2008 Activities In the second quarter 2009, the company achieved work force reductions related to the 2008 program through non-severance programs and redeployments within the company. As a result, the company recorded a $75 net reduction in the estimated costs associated with the 2008 program. The $75 net reduction impacted segment earnings for the three and six-months ended June 30, 2009 as follows: Agriculture Nutrition - $(1); Coatings Color Technologies - $43; Electronic Communication Technologies - $1; Performance Materials - $28; Safety Protection - $2; and Other - $2. A complete discussio

Provision for Income Taxes

Provision for Income Taxes
	6 Months Ended Jun. 30, 2009
Provision for Income Taxes [Abstract]
Provision for Income Taxes	Note 6. Provision for Income Taxes In the second quarter 2009, the company recorded a tax provision of $51, including $103 of tax benefit associated with the company's policy of hedging the foreign currency-denominated monetary assets and liabilities of its operations, $91 net tax benefit related to the 2008 and 2009 restructuring programs and $17 net tax expense related to the hurricane adjustments. For year-to-date 2009, the tax impact associated with the companys hedging policy was $0. In the second quarter 2008, the company recorded a tax provision of $335, including $8 of tax expense associated with the company's policy of hedging the foreign currency-denominated monetary assets and liabilities of its operations and $26 tax benefit related to a favorable tax settlement. For year-to-date 2008, the tax benefit associated with the companys hedging policy was $133. Each year the company files hundreds of tax returns in the various national, state and local income taxing jurisdictions in which it operates. These tax returns are subject to examination and possible challenge by the taxing authorities. Positions challenged by the taxing authorities may be settled or appealed by the company. As a result, there is an uncertainty in income taxes recognized in the companys financial statements in accordance with SFAS No. 109, Accounting for Income Taxes (SFAS 109) and FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48). It is reasonably possible that changes to the companys global unrecognized tax benefits could be significant, however, due to the uncertainty regarding the timing of completion of audits and possible outcomes, a current estimate of the range of increases or decreases that may occur within the next twelve months cannot be made.

Earnings Per Share of Common St

Earnings Per Share of Common Stock
	6 Months Ended Jun. 30, 2009
Earnings Per Share Reconciliation Disclosure
Earnings Per Share of Common Stock	Note 7. Earnings Per Share of Common Stock Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings pershare calculations for the periods indicated: Three Months Ended June 30, Six Months Ended June 30, 2009 2008 2009 2008 Numerator: Net income attributable to DuPont $417 $1,078 $ 905 $2,269 Preferred dividends (2) (2) (5) (5) Net income available to DuPont common stockholders $415 $1,076 $ 900 $2,264 Denominator: Weighted-average number of common shares - Basic 904,555,000 902,617,000 904,222,000 901,627,000 Dilutive effect of the company's employee compensation plans 3,490,000 7,463,000 2,631,000 6,505,000 Weighted-average number of common shares - Diluted 908,045,000 910,080,000 906,853,000 908,132,000 The following average number of stock options were antidilutive, and therefore, were not included in the diluted earnings per share calculations: Three Months Ended June 30, Six Months Ended June 30, 2009 2008 2009 2008 Average Number of Stock Options 70,451,000 17,644,000 75,856,000 22,085,000

Inventories

Inventories
	6 Months Ended Jun. 30, 2009
Inventories [Abstract]
Inventory	Note 8. Inventories June 30, 2009 December 31, 2008 Finished products $ 2,999 $3,156 Semifinished products 911 2,234 Raw materials and supplies 813 1,199 4,723 6,589 Adjustment of inventories to a last-in, first-out (LIFO) basis (823) (908) Total $ 3,900 $5,681

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets
	6 Months Ended Jun. 30, 2009
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	Note 9. Goodwill and Other Intangible Assets There were no significant changes in goodwill for the six-month period ended June 30, 2009. The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: June 30, 2009 December 31, 2008 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Intangible assets subject to amortization (Definite-lived): Purchased and licensed technology $2,445 $ (1,479) $ 966 $2,420 $ (1,356) $1,064 Patents 169 (50) 119 128 (45) 83 Trademarks 61 (21) 40 61 (19) 42 Other 628 (277) 351 627 (260) 367 3,303 (1,827) 1,476 3,236 (1,680) 1,556 Intangible assets not subject to amortization (Indefinite-lived): Trademarks / tradenames 179 - 179 179 - 179 Pioneer germplasm 975 - 975 975 - 975 1,154 - 1,154 1,154 - 1,154 Total $4,457 $ (1,827) $2,630 $4,390 $ (1,680) $2,710 The aggregate amortization expense for definitive-lived intangible assets was $68 and $167 for the three- and six-month periods ended June 30, 2009, respectively, and $79 and $172 for the three and six month periods ended June 30, 2008, respectively. The estimated aggregate amortization expense for 2009 and each of the next five years is approximately $250, $180, $190, $190, $190 and $190.

Commitments and Contingent Liab

Commitments and Contingent Liabilities
	6 Months Ended Jun. 30, 2009
Commitments and Contingent Liabilities [Abstract]
Commitments and Contingent Liabilities	Note 10. Commitments and Contingent Liabilities Guarantees Product Warranty Liability The company warrants that its products meet standard specifications. The companys product warranty liability was $28 and $24 as of June 30, 2009 and December31, 2008, respectively. Estimates for warranty costs are based on historical claims experience. Indemnifications In connection with acquisitions and divestitures, the company has indemnified respective parties against certain liabilities that may arise in connection with these transactions and business activities prior to the completion of the transaction. The term of these indemnifications, which typically pertain to environmental, tax and product liabilities, is generally indefinite. In addition, the company indemnifies its duly elected or appointed directors and officers to the fullest extent permitted by Delaware law, against liabilities incurred as a result of their activities for the company, such as adverse judgments relating to litigation matters. If the indemnified party were to incur a liability or have a liability increase as a result of a successful claim, pursuant to the terms of the indemnification, the company would be required to reimburse the indemnified party. The maximum amount of potential future payments is generally unlimited. The carrying amount recorded for all indemnifications as of June 30, 2009 and December 31, 2008 was $100 and $110, respectively. Although it is reasonably possible that future payments may exceed amounts accrued, due to the nature of indemnified items, it is not possible to make a reasonable estimate of the maximum potential loss or range of loss. No assets are held as collateral and no specific recourse provisions exist. In connection with the 2004 sale of the majority of the net assets of Textiles and Interiors, the company indemnified the purchasers, subsidiaries of Koch Industries, Inc. (INVISTA), against certain liabilities primarily related to taxes, legal and environmental matters and other representations and warranties under the Purchase and Sale Agreement. The estimated fair value of the indemnity obligations under the Purchase and Sale Agreement was $70 and was included in the indemnifications balance of $100 at June 30, 2009. Under the Purchase and Sale Agreement, the companys total indemnification obligation for the majority of the representations and warranties cannot exceed $1,400. The other indemnities are not subject to this limit. In March 2008, INVISTA filed suit in the Southern District of New York alleging that certain representations and warranties in the Purchase and Sale Agreement were breached and, therefore, that DuPont is obligated to indemnify it. DuPont disagrees with the extent and value of INVISTAs claims. DuPont has not changed its estimate of its total indemnification obligation under the Purchase and Sale Agreement as a result of the lawsuit. Obligations for Equity Affiliates Others The company has directly guaranteed various debt obligations under agreements with third parties related to equity affiliates, customers, suppliers and other affiliated and unaffiliated companies. At June 3

Derivatives and Other Hedging I

Derivatives and Other Hedging Instruments
	6 Months Ended Jun. 30, 2009
Derivatives and Other Hedging Instruments [Abstract]
Derivatives and Other Hedging Instruments	Note 11. Derivatives and Other Hedging Instruments Effective January 1, 2009, the company prospectively implemented the provisions of SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133 (SFAS 161). SFAS 161 enhances the disclosure requirements of SFAS No. 133, Accounting for Derivative Instruments and Hedging Activities (SFAS 133) to provide users of financial statements with a better understanding of the objectives of a companys derivative use and the risks managed. Objectives and Strategies for Holding Derivative Instruments In the ordinary course of business, the company enters into contractual arrangements (derivatives) to reduce its exposure to foreign currency, interest rate and commodity price risks under established procedures and controls. The company has established a variety of approved derivative instruments to be utilized in each risk management program, as well as varying levels of exposure coverage and time horizons based on an assessment of risk factors related to each hedging program. Derivative instruments utilized during the period include forwards, options, futures and swaps. The company has not designated any nonderivatives as hedging instruments. The corporate financial risk management policy establishes an oversight committee and risk management guidelines that authorize the use of specific derivative instruments and further establishes procedures for control and valuation, counterparty credit approval and routine monitoring and reporting. The counterparties to these contractual arrangements are major financial institutions and major commodity exchanges. The company is exposed to credit loss in the event of nonperformance by these counterparties. The company manages this exposure to credit loss through the aforementioned credit approvals, limits and monitoring procedures and, to the extent possible, by restricting the period over which unpaid balances are allowed to accumulate. The company anticipates performance by counterparties to these contracts and therefore no material loss is expected. Market and counterparty credit risks associated with these instruments are regularly reported to management. The company hedges foreign currency denominated revenue and monetary assets and liabilities, certain business specific foreign currency exposures and certain energy feedstock purchases. In addition, the company enters into exchange traded agricultural commodity derivatives to hedge exposures relevant to agricultural feedstock purchases. Foreign Currency Risk The company's objective in managing exposure to foreign currency fluctuations is to reduce earnings and cash flow volatility associated with foreign currency rate changes. Accordingly, the company enters into various contracts that change in value as foreign exchange rates change to protect the value of its existing foreign currency-denominated assets, liabilities, commitments, and cash flows. The company routinely uses forward exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities of its

Long-Term Employee Benefits

Long-Term Employee Benefits
	6 Months Ended Jun. 30, 2009
Long-Term Employee Benefits [Abstract]
Long-term Employee Benefits	Note 12. Long-Term Employee Benefits The following sets forth the components of the company's net periodic benefit cost/(credit) for pensions: Three Months Ended June 30, Six Months Ended June 30, 2009 2008 2009 2008 Service cost $ 47 $ 54 $ 94 $ 106 Interest cost 315 325 630 648 Expected return on plan assets (399) (486) (797) (971) Amortization of unrecognized loss 69 14 139 28 Amortization of prior service cost 5 4 9 9 Net periodic benefit cost/(credit) $ 37 $ (89) $ 75 $ (180) The company disclosed in its Consolidated Financial Statements for the year ended December31, 2008, that it expected to contribute approximately $300 to its pension plans, other than to the principal U.S. pension plan in 2009. As of June 30, 2009, contributions of $155 have been made to these pension plans and the company anticipates additional contributions during the remainder of 2009 to total approximately $140. The following sets forth the components of the company's net periodic benefit cost for other long-term employee benefits: Three Months Ended June 30, Six Months Ended June 30, 2009 2008 2009 2008 Service cost $ 8 $ 7 $ 16 $ 14 Interest cost 61 57 122 114 Amortization of unrecognized loss 13 8 25 16 Amortization of prior service benefit (27) (26) (53) (53) Net periodic benefit cost $ 55 $ 46 $ 110 $ 91 The company disclosed in its Consolidated Financial Statements for the year ended December31, 2008, that it expected to make payments of approximately $330 to its other long-term employee benefit plans in 2009. Through June 30, 2009, the company has made benefit payments of $151 related to its other long-term employee benefit plans and anticipates additional payments during the remainder of 2009 to total approximately $180.

Segment Information

Segment Information
	6 Months Ended Jun. 30, 2009
Segment Information [Abstract]
Segment Information	Note 13. Segment Information Segment sales include transfers. Segment pre-tax operating income/(loss) (PTOI) is defined as operating income/(loss) before income taxes, non-controlling interests, exchange gains/(losses), corporate expenses and net interest. Three Months Ended June 30, Agriculture Nutrition Coatings Color Technologies Electronic Communica-tion Technologies Performance Materials Safety Protection Pharma-ceuticals Other Total 1 2009 Segment sales $ 2,613 $ 1,383 $ 795 $ 1,087 $ 998 $ - $ 31 $ 6,907 Less transfers - (11) (15) (9) (14) - - (49) Net sales 2,613 1,372 780 1,078 984 - 31 6,858 Pre-tax operating income (loss) 580 2 106 2,3 (35) 2,3 5 2,3,4 (13) 2,3 272 (43) 2,3 872 2008 Segment sales $ 2,541 $ 1,867 $ 1,074 $ 1,810 $ 1,583 $ - $ 44 $ 8,919 Less transfers - (16) (27) (9) (25) - (5) (82) Net sales 2,541 1,851 1,047 1,801 1,558 - 39 8,837 Pre-tax operating income (loss) 504 247 170 223 302 265 1 5 1,712 Six Months Ended June 30, Agriculture Nutrition Coatings Color Technologies Electronic Communica-tion Technologies Performance Materials Safety Protection Pharma-ceuticals Other Total 1 2009 Segment sales $ 5,675 $ 2,539 $ 1,491 $ 2,029 $ 2,031 $ - $ 59 $13,824 Less transfers - (20) (26) (14) (26) - (9) (95) Net sales 5,675 2,519 1,465 2,015 2,005 - 50 13,729 Pre-tax operating income (loss) 1,432 2 87 2,3 (89) 2,3 (141) 2,3,4 59 2,3 524 (87) 2,3 1,785 2008 Segment sales $ 5,424 $ 3,512 $ 2,100 $ 3,523 $ 2,948 $ - $ 84 $17,591 Less transfers - (33) (63) (23) (51) - (9) (179) Net sales

Document Information

Document Information
	6 Months Ended Jun. 30, 2009
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-06-30

Entity Information

Entity Information (USD $)
In Billions, except Share data	6 Months Ended Jun. 30, 2009	Jul. 15, 2009	Jun. 30, 2008
Entity Information [Line Items]
Entity Registrant Name	E. I. du Pont de Nemours and Company
Entity Central Index Key	0000030554
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			38.6
Entity Common Stock, Shares Outstanding		903,608,000