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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
The following table and supporting graphics below set out information regarding fiscal years ended December 31, 2023, 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 from 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 55. In this section, PEO means “Principal Executive Officer,” SCT means “Summary Compensation Table,” and CAP means “compensation actually paid.”
 
                   
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)
2023
       20,829,446         22,499,971         6,430,289         6,571,425         123         119         660         5,164  
2022
       19,464,652       17,047,734       7,645,272       7,534,880       108       101       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, 2022 and 2023, the PEO was 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 SCT.
 
(2)
The dollar amounts reported in column (c) represent the amount of 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
($)
2023
       20,829,446         14,553,416         16,851,035         1,019,471         392,377         22,499,971  
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 Awards” 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 Deferred Compensation” column of the SCT for each applicable year.
  (iii)
The equity award and pension benefit adjustments for each applicable year were calculated in accordance with the methodology required 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

($)
2023
        12,830,767          2,389,171         60,134          1,570,964         16,851,035  
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 were Howard Ungerleider, Karen S. Carter, A. N. Sreeram and Jane Palmieri. For 2023, the
Non-PEO
NEOs are Howard Ungerleider, Jeffrey L. Tate, John M. Sampson, A. N. Sreeram and Amy E. Wilson.
 
(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 
($)
2023
       6,430,289         3,968,846         4,632,540         702,881         180,323         6,571,425  
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

($)
2023
        3,738,343          554,330         9,372          330,495         4,632,540  
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. In 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 $120, respectively. The previously reported Peer Group TSR for 2021 and 2022 have been revised to reflect market capitalization weightings at the beginning of each measurement period, in accordance with the requirements of Item 402(v) of Regulation S-K. 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 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 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 were Howard Ungerleider, Karen S. Carter, A. N. Sreeram and Jane Palmieri. For 2023, the
Non-PEO
NEOs are Howard Ungerleider, Jeffrey L. Tate, John M. Sampson, A. N. Sreeram and Amy E. Wilson. 		     
Peer Group Issuers, Footnote 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. In 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 $120, respectively. The previously reported Peer Group TSR for 2021 and 2022 have been revised to reflect market capitalization weightings at the beginning of each measurement period, in accordance with the requirements of Item 402(v) of Regulation S-K. 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.      
PEO Total Compensation Amount $ 20,829,446 $ 19,464,652 $ 24,858,892 $ 22,211,255
PEO Actually Paid Compensation Amount $ 22,499,971 17,047,734 19,205,009 21,259,321
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported in column (c) represent the amount of 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
($)
2023
       20,829,446         14,553,416         16,851,035         1,019,471         392,377         22,499,971  
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 Awards” 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 Deferred Compensation” column of the SCT for each applicable year.
  (iii)
The equity award and pension benefit adjustments for each applicable year were calculated in accordance with the methodology required 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

($)
2023
        12,830,767          2,389,171         60,134          1,570,964         16,851,035  
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 $ 6,430,289 7,645,272 6,097,704 6,211,458
Non-PEO NEO Average Compensation Actually Paid Amount $ 6,571,425 7,534,880 5,644,356 6,087,802
Adjustment to Non-PEO NEO Compensation Footnote
(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 
($)
2023
       6,430,289         3,968,846         4,632,540         702,881         180,323         6,571,425  
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

($)
2023
        3,738,343          554,330         9,372          330,495         4,632,540  
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
 
 
LOGO
 
LOGO
 
      
Compensation Actually Paid vs. Net Income
 
 
LOGO
 
LOGO
 
      
Compensation Actually Paid vs. Company Selected Measure
 
 
 
LOGO
 
 
LOGO
 
      
Total Shareholder Return Vs Peer Group
LOGO 		     
Tabular List, Table
Most Important Performance Measures
 
The seven items listed below represent the most important metrics used to link CAP to Company performance for the 2023 fiscal year as further described in the sections titled “Performance Award” and “Long-Term Incentive Compensation” of the CD&A.
 
 
•
   Cumulative Cash from Operations
•
   Free Cash Flow
•
   Operating EBIT
•
   Operating ROC
•
   Relative TSR
•
   Inclusion Metrics
•
   Sustainability Metrics
      
Total Shareholder Return Amount $ 123 108 115 108
Peer Group Total Shareholder Return Amount 119 101 149 118
Net Income (Loss) $ 660,000,000 $ 4,640,000,000 $ 6,405,000,000 $ 1,294,000,000
Company Selected Measure Amount 5,164,000,000 7,486,000,000 7,069,000,000 6,252,000,000
PEO Name Jim Fitterling      
Measure:: 1        
Pay vs Performance Disclosure        
Name Cumulative Cash from Operations      
Measure:: 2        
Pay vs Performance Disclosure        
Name Free Cash Flow      
Measure:: 3        
Pay vs Performance Disclosure        
Name Operating EBIT      
Measure:: 4        
Pay vs Performance Disclosure        
Name Operating ROC      
Measure:: 5        
Pay vs Performance Disclosure        
Name Relative TSR      
Measure:: 6        
Pay vs Performance Disclosure        
Name Inclusion Metrics      
Measure:: 7        
Pay vs Performance Disclosure        
Name Sustainability Metrics      
PEO        
Pay vs Performance Disclosure        
Adjustment To Equity Award $ 16,851,035 $ 10,881,618 $ 11,504,053 $ 16,179,447
PEO | Reported Summary Compensation Table Value Of Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 14,553,416 14,097,926 13,246,307 12,008,723
PEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 16,851,035 10,881,618 11,504,053 16,179,447
PEO | Reported Change In The Actuarial Present Value Of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,019,471 68 4,634,995 5,447,988
PEO | Pension Benefit Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 392,377 799,459 723,366 325,329
PEO | Year End Fair Value Of Awards Granted In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award 12,830,767 11,695,371 12,118,397 16,538,743
PEO | Year Over Year Change In Fair Value Of Outstanding And Unvested Awards [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award 2,389,171 (1,220,439) (1,093,085) 611,293
PEO | Fair Value As Of Vesting Date Of Awards Granted And Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award 60,134 59,513 61,289 72,023
PEO | Year Over Year Change In Fair Value Of Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award 1,570,964 347,173 417,453 (1,042,613)
Non-PEO NEO        
Pay vs Performance Disclosure        
Adjustment To Equity Award 4,632,540 5,131,639 2,793,731 3,802,873
Non-PEO NEO | Reported Summary Compensation Table Value Of Equity Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,968,846 5,618,665 3,082,744 2,877,505
Non-PEO NEO | Equity Award Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,632,540 5,131,639 2,793,731 3,802,873
Non-PEO NEO | Reported Change In The Actuarial Present Value Of Pension Benefits [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 702,881 0 462,727 1,405,525
Non-PEO NEO | Pension Benefit Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 180,323 376,633 298,393 356,501
Non-PEO NEO | Year End Fair Value Of Awards Granted In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award 3,738,343 5,350,456 2,833,284 3,980,323
Non-PEO NEO | Year Over Year Change In Fair Value Of Outstanding And Unvested Awards [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award 554,330 (324,174) (139,374) 259,124
Non-PEO NEO | Fair Value As Of Vesting Date Of Awards Granted And Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award 9,372 3,166 2,053 0
Non-PEO NEO | Year Over Year Change In Fair Value Of Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment To Equity Award $ 330,495 $ 102,192 $ 97,768 $ (436,574)