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Dow Consolidated Statements of Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 11,420 $ 15,664 $ 23,271 $ 30,928
Cost of sales 9,875 12,899 20,504 25,301
Research and development expenses 205 217 419 435
Selling, general and administrative expenses 408 435 836 933
Amortization of intangibles 81 85 162 173
Restructuring and asset related charges - net 8 0 549 186
Equity in earnings (losses) of nonconsolidated affiliates (57) 195 (105) 369
Sundry income (expense) - net 31 75 110 223
Interest income 66 36 142 64
Interest expense and amortization of debt discount 172 165 357 332
Income before income taxes 711 2,169 591 4,224
Provision for income taxes 210 488 163 991
Net income 501 1,681 428 3,233
Net income attributable to noncontrolling interests 16 20 36 3
Net income available for The Dow Chemical Company common stockholder $ 485 $ 1,661 $ 392 $ 3,230
Earnings per common share - basic $ 0.68 $ 2.28 $ 0.55 $ 4.40
Earnings per common share - diluted $ 0.68 $ 2.26 $ 0.54 $ 4.37
Weighted-average common shares outstanding - basic 707.0 725.7 707.6 730.2
Weighted-average common shares outstanding - diluted 709.9 731.5 710.7 735.6