EIDP (CTA-PA) 10-Q 26 Oct 09 2009 Q3 Quarterly report Financial data

Consolidated Income Statements

Consolidated Income Statements (USD $)
In Millions, except Per Share data	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Net sales	$5,961	$7,297	$19,690	$24,709
Other income, net	195	420	824	1,057
Total	6,156	7,717	20,514	25,766
Cost of goods sold and other operating charges	4,560	5,916	14,752	18,298
Selling, general and administrative expenses	770	873	2,584	2,794
Research and development expense	335	360	989	1,050
Interest expense	100	98	312	272
Employee separation / asset related charges, net	0	0	265	0
Total	5,765	7,247	18,902	22,414
Income before income taxes	391	470	1,612	3,352
(Benefit from) provision for income taxes	(23)	98	288	706
Net income	414	372	1,324	2,646
Less: Net income attributable to noncontrolling interests	5	5	10	10
Net income attributable to DuPont	$409	$367	$1,314	$2,636
Basic earnings per share of common stock	0.45	0.4	1.44	2.91
Diluted earnings per share of common stock	0.45	0.4	1.44	2.89
Dividends per share of common stock	0.41	0.41	1.23	1.23

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (USD $)
In Millions	Sep. 30, 2009	Dec. 31, 2008
Current assets
Cash and cash equivalents	$2,249	$3,645
Marketable securities	906	59
Accounts and notes receivable, net	7,126	5,140
Inventories	4,392	5,681
Prepaid expenses	125	143
Income taxes	558	643
Total current assets	15,356	15,311
Property, plant and equipment, net of accumulated depreciation (September 30, 2009 - $17,590; December 31, 2008 - $16,800)	11,080	11,154
Goodwill	2,138	2,135
Other intangible assets	2,582	2,710
Investment in affiliates	991	844
Other assets	4,021	4,055
Total	36,168	36,209
Current liabilities
Accounts payable	2,554	3,128
Short-term borrowings and capital lease obligations	3,525	2,012
Income taxes	138	110
Other accrued liabilities	3,345	4,460
Total current liabilities	9,562	9,710
Long-term borrowings and capital lease obligations	7,545	7,638
Other liabilities	10,830	11,169
Deferred income taxes	148	140
Total liabilities	28,085	28,657
Stockholders' equity
Preferred stock	237	237
Common stock, $0.30 par value; 1,800,000,000 shares authorized; Issued at September 30, 2009 - 990,770,000; December 31, 2008 - 989,415,000	297	297
Additional paid-in capital	8,463	8,380
Reinvested earnings	10,644	10,456
Accumulated other comprehensive loss	(5,267)	(5,518)
Common stock held in treasury, at cost (87,041,000 shares at September 30, 2009 and December 31, 2008)	(6,727)	(6,727)
Total DuPont stockholders' equity	7,647	7,125
Noncontrolling interests	436	427
Total equity	8,083	7,552
Total	$36,168	$36,209

1_Condensed Consolidated Balanc

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data, unless otherwise specified	Sep. 30, 2009	Dec. 31, 2008
Condensed Balance Sheets (Parenthetical) [Abstract]
Accumulated depreciation	$17,590	$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	990,770,000	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	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Operating activities
Net income attributable to DuPont	$1,314	$2,636
Adjustments to reconcile net income attributable to DuPont to cash provided by operating activities:
Depreciation	938	870
Amortization of intangible assets	219	226
Contributions to pension plans	(243)	(210)
Other noncash charges and credits - net	858	162
Change in operating assets and liabilities - net	(2,163)	(3,190)
Cash provided by operating activities	923	494
Investing activities
Purchases of property, plant and equipment	(990)	(1,406)
Investments in affiliates	(105)	(53)
Payments for businesses - net of cash acquired	(12)	(72)
Proceeds from sales of assets - net of cash sold	51	23
Net increase in short-term financial instruments	(800)	(33)
Forward exchange contract settlements	(757)	(117)
Other investing activities - net	(12)	(24)
Cash used for investing activities	(2,625)	(1,682)
Financing activities
Dividends paid to stockholders	(1,119)	(1,123)
Net increase in borrowings	1,408	2,974
Proceeds from exercise of stock options	0	94
Other financing activities - net	(14)	(37)
Cash provided by financing activities	275	1,908
Effect of exchange rate changes on cash	31	(32)
(Decrease) Increase in cash and cash equivalents	(1,396)	688
Cash and cash equivalents at beginning of period	3,645	1,305
Cash and cash equivalents at end of period	$2,249	$1,993

Summary of Significant Accounti

Summary of Significant Accounting Policies
	9 Months Ended Sep. 30, 2009 USD / shares
Summary of Significant 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 October 1, 2009 through October 26, 2009, the date the financial statements herein were issued, for subsequent events requiring recognition or disclosure in the financial statements. Effective October 1, 2009, the company has redefined its external reporting to the following aggregated segments: Agriculture Nutrition, Electronics Communications, Performance Coatings, Performance Materials, Safety Protection, Performance Chemicals and Pharmaceuticals. The company will begin reporting under the redefined structure in its 2009 Annual Report on Form 10-K. No additional material subsequent events were identified. Accounting Standards Issued Not Yet Adopted In December 2008, the Financial Accounting Standards Board (FASB) issued authoritative guidance on employers disclosures about postretirement benefit plan assets, which is effective for fiscal years ending after December 15, 2009. The new requirement expands disclosures for assets held by employer pension and other postretirement benefit plans. This requirement will not affect the companys financial position or results of operations. In June 2009, FASB issued authoritative guidance on accounting for transfers of financial assets, which is effective for reporting periods beginning after November 15, 2009. The new requirement 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 the new requirement. The company expects that this will not have a material effect on its financial position or results of operations. In June 2009, FASB issued authoritative guidance on accounting

Reporting of Noncontrolling Int

Reporting of Noncontrolling Interests
	9 Months Ended Sep. 30, 2009 USD / shares
Reporting of Noncontrolling Interests [Abstract]
Reporting of Noncontrolling Interests	Note 2. Reporting of Noncontrolling Interests Effective January 1, 2009, the company implemented the provisions for the reporting of noncontrolling interests in the companys Consolidated Financial Statements and accompanying notes. The provision changed the accounting and reporting of minority interests (now referred to as noncontrolling interests) in the companys Consolidated Financial Statements. The following tables illustrate the changes in equity for the three and nine months ended September 30, 2009 and 2008, respectively: Consolidated Changes in Equity for the Three Months Ended September 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 $ 7,907 $ 237 $ 297 $ 8,441 $ 10,611 $ (5,385) $(6,727) $ 433 Comprehensive income: Net income 414 414 409 5 Other comprehensive income (loss), net of tax: Cumulative translation adjustment 55 55 55 Net revaluation and clearance of cash flow hedges to earnings 22 22 22 Pension benefit plans 50 50 50 Other benefit plans (9) (9) (9) Net unrealized gain on securities - - Other comprehensive income 118 118 Comprehensive income 532 532 1 Common dividends (375) (373) (2) Preferred dividends (3) (3) Common stock issued - compensation plans 22 22 Total Equity as of September 30, 2009 $ 8,083 $ 237 $ 297 $ 8,463 $ 10,644 $ (5,267) $(6,727) $ 436 Consolidated Changes in Equity for the Three Months Ended September 30, 2008 Total Comprehensive Income Preferred Stock Common Stock Additional Paid-in- Capital Reinvested Earnings Accumulated Other Comprehensive Loss Treasury Stock Noncontrolling Interests Beginning balance $13,344 $ 237 $ 297 $ 8,336 $ 11,466 $ (706) $(6,727) $ 441 Comprehensive income: Net income 372 372 367 5 Other comprehensive income (loss), net of tax: Cumulative translation adjustment (102) (102) (101) (1) Net revaluation and clearance of cash flow hedges to earnings (141) (141) (140) (1) Pension benefit plans 6 6 6 Other benefit plans (12) (12) (12) Net unrealized loss on securities (6) (6) (6) Other comprehensive loss (255) (255) Comprehensive income 117 117 1 Common dividends (373) (372) (1) Preferred dividends (3) (3) Common stock issued - compensation plans 32 32 Total Equity

Fair Value Measurements

Fair Value Measurements
	9 Months Ended Sep. 30, 2009 USD / shares
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 3. Fair Value Measurements In 2008, the company implemented the accounting requirements for financial assets and financial liabilities reported at fair value and related disclosures. Effective January 1, 2009, the company prospectively implemented the accounting requirements 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). The requirement 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 September 30, 2009, the following financial assets and financial liabilities were measured at fair value on a recurring basis using the type of inputs shown: September 30, 2009 Fair Value Measurements at September 30, 2009 Using Level 1 Inputs Level 2 Inputs Financial assets Derivatives $ 83 $ - $ 83 Available-for-sale securities 22 22 - $ 105 $ 22 $ 83 Financial liabilities Derivatives $ 254 $ - $ 254 In accordance with the interim disclosure requirements for 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 $11,700 at September 30, 2009, as compared to a carrying value of approximately $11,100.

Other Income, Net

Other Income, Net
	9 Months Ended Sep. 30, 2009 USD / shares
Other Income, Net [Abstract]
Other Income, Net	Note 4. Other Income, Net Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Cozaar/Hyzaar income $ 264 $ 258 $ 786 $ 755 Royalty income 20 31 71 78 Interest income 22 36 68 103 Equity in earnings of affiliates 7 13 59 95 Net gains on sales of assets 2 1 43 15 Net exchange (losses) gains 1 (120) 52 (212) (127) Miscellaneous income and expenses, net 2 - 29 9 138 Total $ 195 $ 420 $ 824 $ 1,057 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,litigation settlements, and other items.

Employee Separation and Asset R

Employee Separation and Asset Related Charges, Net
	9 Months Ended Sep. 30, 2009 USD / shares
Employee Separation and Asset Related Charges, Net [Abstract]
Employee Separation and Asset Related Charges, Net	Note 5. Employee Separation / Asset Related Charges, Net At September 30, 2009, total liabilities relating to current year and prior years restructuring activities were $403. 2009 Activities During the second quarter of 2009, in response to the protracted global economic recession, the company 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 was 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 September 30, 2009, cash payments of $13 related to separation costs have been made, and approximately 800 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 nine-months ended September 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: Employee Separation Costs Other Non- personnel Charges 1 Asset Related Total Net charges to income for the nine- months ended September 30, 2009 $ 212 $ 24 $ 104 $ 340 Payments (13) - - (13) Net translation adjustment 1 - - 1 Asset write-offs and adjustments - - (104) (104) Balance at September 30, 2009 $ 200 $ 24 $ - $ 224 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 nine-months ended September 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 discussion of all restructuring initiatives is included in the companys 2008 Annual Report in Note

Provision for Income Taxes

Provision for Income Taxes
	9 Months Ended Sep. 30, 2009 USD / shares
Provision for Income Taxes [Abstract]
Provision for Income Taxes	Note 6. Provision for Income Taxes In the third quarter 2009, the company recorded a tax benefit of $23, including $117 of tax benefit primarily associated with the company's policy of hedging the foreign currency-denominated monetary assets and liabilities of its operations. For year-to-date 2009, the tax provision is $288, which includes $117 of tax benefit primarily 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 2008 and 2009 restructuring and $17 net tax expense related to the hurricane adjustments. In the third quarter 2008, the company recorded a tax provision of $98, including $85 of tax expense primarily associated with the company's policy of hedging the foreign currency-denominated monetary assets and liabilities of its operations, $81 tax benefit related to the hurricane-related charge and $18 tax benefit related to favorable tax settlements. For year-to-date 2008, the tax provision was $706, which includes $81 tax benefit related to the hurricane-related charge, $48 of tax benefit primarily related to exchange losses on foreign currency-denominated monetary assets and liabilities of its operations and $44 tax benefit related to favorable tax settlements. 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 accounting for income taxes and accounting for uncertainty in income taxes. 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
	9 Months Ended Sep. 30, 2009 USD / shares
Earnings Per Share of Common Stock [Abstract]
Earnings Per Share [Text Block]	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 September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Numerator: Net income attributable to DuPont $ 409 $ 367 $ 1,314 $ 2,636 Preferred dividends (3) (3) (8) (8) Net income available to DuPont common stockholders $ 406 $ 364 $ 1,306 $ 2,628 Denominator: Weighted-average number of common shares - Basic 904,615,000 903,134,000 904,350,000 902,131,000 Dilutive effect of the company's employee compensation plans 5,676,000 4,816,000 3,646,000 5,942,000 Weighted-average number of common shares - Diluted 910,291,000 907,950,000 907,996,000 908,073,000 The following average number of stock options were antidilutive, and therefore, were not included in the diluted earnings per share calculations: Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Average Number of Stock Options 70,137,000 43,028,000 73,949,000 29,066,000

Inventories

Inventories
	9 Months Ended Sep. 30, 2009 USD / shares
Inventories [Abstract]
Inventories	Note 8. Inventories September 30, 2009 December 31, 2008 Finished products $ 2,972 $ 3,156 Semifinished products 1,319 2,234 Raw materials and supplies 811 1,199 5,102 6,589 Adjustment of inventories to a last-in, first-out (LIFO) basis (710) (908) Total $ 4,392 $ 5,681

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets
	9 Months Ended Sep. 30, 2009 USD / shares
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 nine-month period ended September 30, 2009. The gross carrying amounts and accumulated amortization of other intangible assets by major class are as follows: September 30, 2009 December 31, 2008 Gross Accumulated Amortization Net Gross Accumulated Amortization Net Intangible assets subject to amortization (Definite-lived): Purchased and licensed technology $1,628 $ (699) $ 929 $2,420 $ (1,356) $1,064 Patents 169 (54) 115 128 (45) 83 Trademarks 61 (21) 40 61 (19) 42 Other 635 (291) 344 627 (260) 367 2,493 (1,065) 1,428 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 $3,647 $ (1,065) $2,582 $4,390 $ (1,680) $2,710 The aggregate amortization expense for definitive-lived intangible assets was $52 and $219 for the three- and nine-month periods ended September 30, 2009, respectively, and $54 and $226 for the three- and nine-month periods ended September 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
	9 Months Ended Sep. 30, 2009 USD / shares
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 $22 and $24 as of September 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 September 30, 2009 and December 31, 2008 was $97 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 $97 at September 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, 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 September 30, 20

Derivatives and Other Hedging I

Derivatives and Other Hedging Instruments
	9 Months Ended Sep. 30, 2009 USD / shares
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 revised requirements for enhancing the disclosures of derivative and hedging instruments 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 currencydenominated assets, liabilities, commitments, and cash flows. The company routinely uses forward exchange contracts to offset its net exposures, by currency, related to the foreign currencydenominated monetary assets and liabilities of its operations. The primary business objective of this hedging program is to maintain an approximately balanced position in foreign currencies so that exchange gains and losses resulting from exchange rate chan

Long-Term Employee Benefits

Long-Term Employee Benefits
	9 Months Ended Sep. 30, 2009 USD / shares
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 September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Service cost $ 48 $ 53 $ 142 $ 159 Interest cost 319 323 949 971 Expected return on plan assets (403) (486) (1,200) (1,457) Amortization of unrecognized loss 70 14 209 42 Amortization of prior service cost 5 5 14 14 Net periodic benefit cost/(credit) $ 39 $ (91) $ 114 $ (271) 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 September 30, 2009, contributions of $243 have been made to these pension plans and the company anticipates additional contributions during the remainder of 2009 to total approximately $52. The following sets forth the components of the company's net periodic benefit cost for other long-term employee benefits: Three Months Ended September 30, Nine Months Ended September 30, 2009 2008 2009 2008 Service cost $ 7 $ 7 $ 23 $ 21 Interest cost 62 56 184 170 Amortization of unrecognized loss 12 8 37 24 Amortization of prior service benefit (26) (26) (79) (79) Net periodic benefit cost $ 55 $ 45 $ 165 $ 136 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 September 30, 2009, the company has made benefit payments of $236 related to its other long-term employee benefit plans and anticipates additional payments during the remainder of 2009 to total approximately $95.

Segment Information

Segment Information
	9 Months Ended Sep. 30, 2009 USD / shares
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, noncontrolling interests, exchange gains/(losses), corporate expenses and net interest. Three Months Ended September 30, Agriculture Nutrition Coatings Color Technologies Electronic Communica- tion Technologies Performance Materials Safety Protection Pharma- ceuticals Other Total 1 2009 Segment sales $ 1,244 $ 1,470 $ 919 $ 1,303 $ 1,036 $ - $ 54 $ 6,026 Less transfers - (11) (24) (13) (17) - - (65) Net sales 1,244 1,459 895 1,290 1,019 - 54 5,961 Pre-tax operating income (loss) (113) 182 125 230 93 266 (26) 757 2008 Segment sales $ 1,303 $ 1,757 $ 1,054 $ 1,708 $ 1,529 $ - $ 45 $ 7,396 Less transfers - (14) (38) (11) (30) - (6) (99) Net sales 1,303 1,743 1,016 1,697 1,499 - 39 7,297 Pre-tax operating income (loss) (21) 5 190 137 5 (91) 5 251 5 260 (44) 682 Nine Months Ended September 30, Agriculture Nutrition Coatings Color Technologies Electronic Communica- tion Technologies Performance Materials Safety Protection Pharma- ceuticals Other Total 1 2009 Segment sales $ 6,919 $ 4,009 $ 2,410 $ 3,332 $ 3,067 $ - $113 $19,850 Less transfers - (31) (50) (27) (43) - (9) (160) Net sales 6,919 3,978 2,360 3,305 3,024 - 104 19,690 Pre-tax operating income (loss) 1,319 2 269 36 2, 3 89 2, 3, 4 152 2, 3 790 $(113) 2, 3 2,542 2008 Segment sales $ 6,727 $ 5,269 $ 3,154 $ 5,231 $ 4,477 $ - $129 $24,987 Less transfers - (47) (101) (34) (81) - (15) (278) Net sales 6,727 5,222 3,053 5,197 4,396 - 114 24,709 Pre-tax operating income (loss) 1,269 5 627 482 5 351 5 825 5 760 (69) 6 4,245 1A reconciliation of the pre-tax operating income totals reported for the operating segments to the applicable line item on the Consolidated Financial Statements is as

Document Information

Document Information
	9 Months Ended Sep. 30, 2009 USD / shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	9 Months Ended Sep. 30, 2009	Oct. 15, 2009
Entity Information [Line Items]
Entity Registrant Name	Dupont E I De Nemours & Co
Entity Central Index Key	0000030554
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding		903,730,000