Pay vs Performance Disclosure
Unit_pure in Millions

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

The following table and supporting graphics below set out information regarding fiscal years ended December 31, 2022, 2021 and 2020 in satisfaction of Item 402(v) of Regulation S-K. The Company’s compensation programs have a history of aligning pay and performance. This is demonstrated in the Company selected measure listed below: Cumulative Cash

fro

m Operations, which focuses on the importance of cash generation from core operations and, on a cumulative basis, serves as a performance metric for the Performance Share Program — the largest component of executive officer compensation; together with the additional financial and non-financial measures which make up the components of our short-term and long-term incentive programs. For detail on the Company’s executive compensation programs, see the CD&A section beginning on page 5


									Value of Initial Fixed $100 Investment Based On:
Year	Summary Compensation Table Total for PEO ($) (1)		Compensation Actually Paid to PEO ($) (2)		Average Summary Compensation Table Total for Non-PEO NEOs ($) (3)		Average Compensation Actually Paid to Non-PEO NEOs ($) (4)		Total Shareholder Return ($)		Peer Group Total Shareholder Return ($) (5)		Net Income ($) (6)		Cumulative Cash From Operations ($) (7)
(a)	(b)		(c)		(d)		(e)		(f)		(g)		(h)		(i)

2022		19,464,652		17,047,734		7,645,272		7,534,880		108		97		4,640		7,486

2021		24,858,892		19,205,009		6,097,704		5,644,356		115		149		6,405		7,069

2020		22,211,255		21,259,321		6,211,458		6,087,802		108		118		1,294		6,252

Totals in the above table might not equal the summation of the columns due to rounding amounts to the nearest dollar.

(1)	For 2020, 2021 and 2022, the Principal Executive Officer (“PEO”) is Jim Fitterling. The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. Fitterling for each corresponding year in the “Total” column of the Summary Compensation Table (“SCT”).

(2)

The dollar amounts reported in column (c) represent the amount of “compensation actually paid” (“CAP”) to the PEO computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to the PEO’s total compensation for each year to determine the CAP:

PEO SCT TOTAL TO CAP RECONCILIATION


Year	Reported Summary Compensation Table Total for PEO ($)		Minus: Reported Summary Compensation Table Value of Equity Awards ($) (i)		Plus: Equity Award Adjustments ($) (iii)		Minus: Reported Change in the Actuarial Present Value of Pension Benefits in Summary Compensation Table ($) (ii)		Plus: Pension Benefit Adjustments ($) (iii)		Compensation Actually Paid to PEO ($)

2022		19,464,652		14,097,926		10,881,618		68		799,459		17,047,734

2021		24,858,892		13,246,307		11,504,053		4,634,995		723,366		19,205,009

2020		22,211,255		12,008,723		16,179,447		5,447,988		325,329		21,259,321

(i)

The amounts included in this column are the amounts reported in “

Stock A

wards” and “Option Awards” column of the SCT for each applicable year. The value of dividends or other earnings paid on stock or option awards are reflected in the value of the award in the SCT for each applicable year.

(ii)

The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified D

eferred

Compensation” column of the SCT for each applicable year.

(iii)

The equity award and pension benefit adjustments for each applicable year were calcu

lat

ed in accordance with the method

ology r

equired by Item 402(v) of

Regulation S-K.

Total Pension Benefit Adjustments are equal to the Pension Service Costs incurred during the relevant period. No Prior Service Costs were incurred as no modifications were made to the pension plan during the relevant period. The amounts deducted or added in calculating the equity award adjustments for the PEO are provided in the table below.


	Equity Award Adjustments
Year	Year End Fair Value of Awards Granted in the Year ($)		Year over Year Change in Fair Value of Outstanding and Unvested Awards ($)			Fair Value as of Vesting Date of Awards Granted and Vested in the Year ($)		Year over Year Change in Fair Value of Awards Granted in Prior Years that Vested in the Year ($)			Total Equity Award Adjustments ($)

2022		11,695,371		(1,220,439	)		59,513		347,173			10,881,618

2021		12,118,397		(1,093,085	)		61,289		417,453			11,504,053

2020		16,538,743		611,293			72,023		(1,042,613	)		16,179,447

(3)

The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s NEOs as a group (excluding the PEO) in the “Total” column of the SCT in each applicable year. For 2020, the Non-PEO NEOs were Howard Ungerleider, Peter Holicki, A. N. Sreeram and Amy E. Wilson. For 2021, the Non-PEO NEOs were Howard Ungerleider, John M. Sampson, A. N. Sreeram and Amy E. Wilson. For 2022, the Non-PEO NEOs are Howard Ungerleider, Karen S. Carter, A. N. Sreeram and Jane Palmieri.

(4)

The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the

Non-PEO

NEOs as a group, as computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the

Non-PEO

NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to average total compensation for the

Non-PEO

NEOs as a group for each year to determine the compensation actually paid:

AVERAGE

NON-PEO

SCT TOTAL TO CAP RECONCILIATION


Year	Average Reported Summary Compensation Table Total for Non-PEO NEOs ($)		Minus: Average Reported Summary Compensation Table Value of Equity Awards for Non-PEO NEOs ($)		Plus: Average Equity Award Adjustments ($) (i)		Minus: Average Reported Change in the Actuarial Present Value of Pension Benefits ($)		Plus: Average Pension Benefit Adjustments ($) (i)		Average Compensation Actually Paid to Non-PEO NEOs ($)

2022		7,645,272		5,618,665		5,131,639		0		376,633		7,534,880

2021		6,097,704		3,082,744		2,793,731		462,727		298,393		5,644,356

2020		6,211,458		2,877,505		3,802,873		1,405,525		356,501		6,087,802

(i)

The amounts deducted or added in calculating the total average equity award adjustments are provided in the table below. Total Average Pension Benefit Adjustments are equal to the Average Pension Service Costs incurred during the relevant period. No Average Prior Service Costs were incurred as no modifications were made to the pension plan during the relevant period.


	Equity Award Adjustments
Year	Average Year End Fair Value of Awards Granted in the Year ($)		Year over Year Average Change in Fair Value of Outstanding and Unvested Awards ($)			Average Fair Value as of Vesting Date of Awards Granted and Vested in the Year ($)		Year over Year Average Change in Fair Value of Awards Granted in Prior Years that Vested in the Year ($)			Total Average Equity Award Adjustments ($)

2022		5,350,456		(324,174	)		3,166		102,192			5,131,639

2021		2,833,284		(139,374	)		2,053		97,768			2,793,731

2020		3,980,323		259,124			0		(436,574	)		3,802,873

(5)

For 2020 and 2021, the Company utilized the S&P 500 Chemicals Index. The dollar value in this column for 2020 and 2021 reflects the S&P 500 Chemicals Index TSR. For 2022, the Company selected a custom financial peer group for purposes of its TSR benchmarking for the pay versus performance disclosures and on a go forward basis (the “Peer Group”). The Peer Group TSR for 2020 and 2021 are $108 and $117, respectively. The constituents of the Peer Group are publicly traded companies that more closely correlate to Dow’s business at the enterprise level. The Peer Group is comprised of: Arkema SA, BASF Corporation, Covestro AG, Eastman Chemical Company, Huntsman Corporation, LyondellBasell Industries N.V., and Wacker Chemie AG. The cumulative TSR depicts a hypothetical $100 investment in Dow common stock on December 31, 2019, and shows the value of that investment over time (assuming the reinvestment of dividends) for each calendar year. A hypothetical $100 investment in the Peer Group using the same methodology is shown for comparison.

(6)	Presented in millions. Net income is as listed in the Company’s financial statements in accordance with U.S. GAAP.

(7)

Presented in millions. The dollar value in this column reflects cash from operations for that calendar year. Cumulative Cash from Operations under the Company’s Performance Share Program is calculated by aggregating cash from operations for each calendar year for a three year period for the relevant performance period as described in the section titled “Long-Term Incentive Compensation” in the CD&A.

Company Selected Measure Name

Cumulative Cash from Operations

Named Executive Officers, Footnote [Text Block]

For 2022, the Non-PEO NEOs are Howard Ungerleider, Karen S. Carter, A. N. Sreeram and Jane Palmieri.

For 2021, the Non-PEO NEOs were Howard Ungerleider, John M. Sampson, A. N. Sreeram and Amy E. Wilson.

For 2020, the Non-PEO NEOs were Howard Ungerleider, Peter Holicki, A. N. Sreeram and Amy E. Wilson.

Peer Group Issuers, Footnote [Text Block]

For 2022, the Company selected a custom financial peer group for purposes of its TSR benchmarking for the pay versus performance disclosures and on a go forward basis (the “Peer Group”). The Peer Group TSR for 2020 and 2021 are $108 and $117, respectively. The constituents of the Peer Group are publicly traded companies that more closely correlate to Dow’s business at the enterprise level. The Peer Group is comprised of: Arkema SA, BASF Corporation, Covestro AG, Eastman Chemical Company, Huntsman Corporation, LyondellBasell Industries N.V., and Wacker Chemie AG. The cumulative TSR depicts a hypothetical $100 investment in Dow common stock on December 31, 2019, and shows the value of that investment over time (assuming the reinvestment of dividends) for each calendar year. A hypothetical $100 investment in the Peer Group using the same methodology is shown for comparison.

For 2020 and 2021, the Company utilized the S&P 500 Chemicals Index. The dollar value in this column for 2020 and 2021 reflects the S&P 500 Chemicals Index TSR.

PEO Total Compensation Amount

$ 19,464,652

$ 24,858,892

$ 22,211,255

PEO Actually Paid Compensation Amount

$ 17,047,734

19,205,009

21,259,321

Adjustment To PEO Compensation, Footnote [Text Block]

The dollar amounts reported in column (c) represent the amount of “compensation actually paid” (“CAP”) to the PEO computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to the PEO’s total compensation for each year to determine the CAP:

PEO SCT TOTAL TO CAP RECONCILIATION


Year	Reported Summary Compensation Table Total for PEO ($)		Minus: Reported Summary Compensation Table Value of Equity Awards ($) (i)		Plus: Equity Award Adjustments ($) (iii)		Minus: Reported Change in the Actuarial Present Value of Pension Benefits in Summary Compensation Table ($) (ii)		Plus: Pension Benefit Adjustments ($) (iii)		Compensation Actually Paid to PEO ($)

2022		19,464,652		14,097,926		10,881,618		68		799,459		17,047,734

2021		24,858,892		13,246,307		11,504,053		4,634,995		723,366		19,205,009

2020		22,211,255		12,008,723		16,179,447		5,447,988		325,329		21,259,321

(i)

The amounts included in this column are the amounts reported in “

Stock A

(ii)

The amounts included in this column are the amounts reported in “Change in Pension and Nonqualified D

eferred

Compensation” column of the SCT for each applicable year.

(iii)

The equity award and pension benefit adjustments for each applicable year were calcu

lat

ed in accordance with the method

ology r

equired by Item 402(v) of

Regulation S-K.


	Equity Award Adjustments
Year	Year End Fair Value of Awards Granted in the Year ($)		Year over Year Change in Fair Value of Outstanding and Unvested Awards ($)			Fair Value as of Vesting Date of Awards Granted and Vested in the Year ($)		Year over Year Change in Fair Value of Awards Granted in Prior Years that Vested in the Year ($)			Total Equity Award Adjustments ($)

2022		11,695,371		(1,220,439	)		59,513		347,173			10,881,618

2021		12,118,397		(1,093,085	)		61,289		417,453			11,504,053

2020		16,538,743		611,293			72,023		(1,042,613	)		16,179,447

Non-PEO NEO Average Total Compensation Amount

$ 7,645,272

6,097,704

6,211,458

Non-PEO NEO Average Compensation Actually Paid Amount

$ 7,534,880

5,644,356

6,087,802

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” to the

Non-PEO

NEOs as a group, as computed in accordance with Item 402(v) of Regulation

S-K.

The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the

Non-PEO

NEOs as a group during the applicable year. In accordance with the requirements of Item 402(v) of Regulation

S-K,

the following adjustments were made to average total compensation for the

Non-PEO

NEOs as a group for each year to determine the compensation actually paid:

AVERAGE

NON-PEO

SCT TOTAL TO CAP RECONCILIATION


Year	Average Reported Summary Compensation Table Total for Non-PEO NEOs ($)		Minus: Average Reported Summary Compensation Table Value of Equity Awards for Non-PEO NEOs ($)		Plus: Average Equity Award Adjustments ($) (i)		Minus: Average Reported Change in the Actuarial Present Value of Pension Benefits ($)		Plus: Average Pension Benefit Adjustments ($) (i)		Average Compensation Actually Paid to Non-PEO NEOs ($)

2022		7,645,272		5,618,665		5,131,639		0		376,633		7,534,880

2021		6,097,704		3,082,744		2,793,731		462,727		298,393		5,644,356

2020		6,211,458		2,877,505		3,802,873		1,405,525		356,501		6,087,802

(i)


	Equity Award Adjustments
Year	Average Year End Fair Value of Awards Granted in the Year ($)		Year over Year Average Change in Fair Value of Outstanding and Unvested Awards ($)			Average Fair Value as of Vesting Date of Awards Granted and Vested in the Year ($)		Year over Year Average Change in Fair Value of Awards Granted in Prior Years that Vested in the Year ($)			Total Average Equity Award Adjustments ($)

2022		5,350,456		(324,174	)		3,166		102,192			5,131,639

2021		2,833,284		(139,374	)		2,053		97,768			2,793,731

2020		3,980,323		259,124			0		(436,574	)		3,802,873

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Net Income [Text Block]

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Total Shareholder Return Vs Peer Group [Text Block]

Tabular List [Table Text Block]

Most Important Performance

Mea

sures

The seven items listed below represent th

e mo

st important metrics used to link CAP to Company performance for the 2022 fiscal year as further described in the sections titled “Performance Award” and “Long-Term Incentive Compensation” of the CD&A.

Most Important Performance Measures

•

Cumulative Cash from Operations

•

Free Cash Flow

•

Operating EBIT

•

Operating ROC

•

Relative TSR

•