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SEGMENTS AND GEOGRAPHIC REGIONS (Notes)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segments and Geographic Regions [Text Block] SEGMENTS AND GEOGRAPHIC REGIONS
Sales to external customers, which are attributed to geographic regions based on customer location, were as follows:

Sales to External Customers by Geographic RegionThree Months Ended
In millionsMar 31, 2025Mar 31, 2024
United States$3,946 $3,829 
EMEAI3,274 3,484 
Rest of World3,211 3,452 
Total$10,431 $10,765 

Long-lived assets, which are attributed to geographic regions based on asset location, were as follows:

Long-Lived Assets by Geographic RegionMar 31, 2025Dec 31, 2024
In millions
United States$15,176 $15,216 
EMEAI2,826 2,726 
Rest of World4,328 4,062 
Total$22,330 $22,004 

Dow’s measure of profit/loss for segment reporting purposes is Operating EBIT as this is the manner in which the chief executive officer, chief operating officer, chief financial officer, general counsel and corporate secretary, and senior vice president of corporate development, together the "executive committee" and CODM, assesses performance and allocates resources. The CODM compares quarterly results to both the year-ago and sequential periods to assess performance and allocate resources to each segment. The Company defines Operating EBIT as earnings (i.e., "Income (loss) before income taxes") before interest, excluding the impact of significant items. Operating EBIT by segment includes all operating items relating to the businesses; items that principally apply to Dow as a whole are assigned to Corporate.
Segment Operating EBIT 1
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment Total
In millions
Three months ended Mar 31, 2025
Net sales$5,310 $2,855 $2,071 $10,236 
Cost of sales4,765 2,822 1,845 9,432 
SARD 2
240 127 151 518 
Equity in earnings (losses) of nonconsolidated affiliates39 (58)— (19)
Other segment income (expense) items 3
(2)24 (26)(4)
Segment Operating EBIT 4
$342 $(128)$49 $263 
Three months ended Mar 31, 2024
Net sales$5,430 $3,008 $2,152 $10,590 
Cost of sales4,597 2,776 1,894 9,267 
SARD 2
255 136 197 588 
Equity in earnings (losses) of nonconsolidated affiliates25 (15)6 16 
Other segment income (expense) items 3
2 6 (26)(18)
Segment Operating EBIT 4
$605 $87 $41 $733 
1.Significant expense categories are presented on an operating basis, net of the impact of significant items.
2.SARD includes selling, general and administrative and research and development expenses.
3.Other segment items includes amortization of intangibles and sundry income (expense) - net.
4.Segment Operating EBIT for TDCC for the three months ended March 31, 2025 and 2024 is substantially the same as that of Dow Inc. and therefore is not disclosed separately in the table above. A reconciliation of "Segment Operating EBIT" to "Income before income taxes" is provided in the following table.

Reconciliation of "Segment Operating EBIT" to "Income (Loss) Before Income Taxes"
Three Months Ended
In millionsMar 31, 2025Mar 31, 2024
Segment Operating EBIT$263 $733 
+ Corporate Operating EBIT(33)(59)
+ Interest income28 65 
- Interest expense and amortization of debt discount216 199 
+ Significant items(416)(91)
Income (loss) before income taxes$(374)$449 

Other Segment InformationPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment Total
Corp. 1
Total
In millions
Three months ended Mar 31, 2025
Net sales$5,310 $2,855 $2,071 $10,236 $195 $10,431 
Depreciation and amortization$360 $146 $200 $706 $8 $714 
Capital expenditures$515 $129 $41 $685 $— $685 
Operating EBIT$342 $(128)$49 $263 $(33)$230 
Three months ended Mar 31, 2024
Net sales$5,430 $3,008 $2,152 $10,590 $175 $10,765 
Depreciation and amortization$371 $147 $193 $711 $9 $720 
Capital expenditures$469 $162 $83 $714 $— $714 
Operating EBIT$605 $87 $41 $733 $(59)$674 
1.Corporate contains the reconciliation between the totals for the operating segments and the Company's totals. Net sales for Corporate are primarily related to insurance operations. Corporate expenses are primarily related to insurance operations, salaries and wages and non-business aligned environmental and legal costs.
Segment Asset InformationPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment TotalCorp.Total
In millions
March 31, 2025
Total assets$28,966 $11,830 $11,370 $52,166 $5,333 $57,499 
Investments in nonconsolidated affiliates$740 $348 $142 $1,230 $45 $1,275 
December 31, 2024
Total assets$29,034 $11,928 $11,170 $52,132 $5,180 $57,312 
Investments in nonconsolidated affiliates$711 $367 $146 $1,224 $42 $1,266 

The following tables summarize the pretax impact of significant items by segment excluded from Operating EBIT:

Significant Items by Segment
Three Months Ended Mar 31, 2025
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment TotalCorp.Total
In millions
Restructuring, implementation and efficiency costs, and asset related charges - net 1
$— $(1)$— $(1)$(50)$(51)
2025 Restructuring Program 2
— — — — (207)(207)
Loss on early extinguishment of debt 3
— — — — (60)(60)
Indemnification and other transaction related costs 4
— — — — (98)(98)
Total$— $(1)$— $(1)$(415)$(416)
1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. Also includes impairment charges related to the write-down of certain manufacturing assets, partially offset by an asset related credit adjustment. See Note 4 for additional information.
2.Severance and related benefit costs associated with the Company's 2025 Restructuring Program. See Note 4 for additional information.
3.The Company retired outstanding long-term debt resulting in a loss on early extinguishment. See Note 9 for additional information.
4.Includes charges related to an arbitration settlement agreement for historical product claims from a divested business. See Note 10 for additional information.

Significant Items by Segment
Three Months Ended Mar 31, 2024
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment TotalCorp.Total
In millions
Restructuring, implementation and efficiency costs, and asset related charges - net 1
$(37)$(8)$— $(45)$(46)$(91)
Total$(37)$(8)$— $(45)$(46)$(91)
1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. Also includes impairment charges related to the write-down of certain manufacturing assets.