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SEGMENTS AND GEOGRAPHIC REGIONS (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Sales are attributed to geographic region based on customer location; long-lived assets are attributed to geographic region based on asset location.


Geographic Region Information	United States		EMEAI		Rest of World		Total
In millions	United States		EMEAI		Rest of World		Total
2025
Sales to external customers	$	14,729	$	12,589	$	12,650	$	39,968
Long-lived assets	$	14,804	$	2,750	$	4,696	$	22,250
2024
Sales to external customers	$	15,304	$	13,958	$	13,702	$	42,964
Long-lived assets	$	15,216	$	2,726	$	4,062	$	22,004
2023
Sales to external customers	$	15,328	$	14,537	$	14,757	$	44,622
Long-lived assets	$	15,012	$	2,681	$	3,373	$	21,066

Schedule of Segment Reporting Information, by Segment [Table Text Block]


Segment Operating EBIT 1	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total
In millions
2025
Net sales	$	19,970	$	11,163	$	8,134	$	39,267
Cost of sales	18,294		11,049		7,184		36,527
SARD 2	890		483		608		1,981
Equity in earnings (losses) of nonconsolidated affiliates	35		(282)		5		(242)
Other segment income (expense) items 3	6		90		(41)		55
Segment Operating EBIT 4	$	827	$	(561)	$	306	$	572
2024
Net sales	$	21,776	$	11,869	$	8,574	$	42,219
Cost of sales	18,540		11,215		7,479		37,234
SARD 2	977		518		690		2,185
Equity in earnings (losses) of nonconsolidated affiliates	81		(102)		11		(10)
Other segment income (expense) items 3	33		91		(98)		26
Segment Operating EBIT 4	$	2,373	$	125	$	318	$	2,816
2023
Net sales	$	23,149	$	12,538	$	8,497	$	44,184
Cost of sales	19,563		11,654		7,548		38,765
SARD 2	964		574		690		2,228
Equity in earnings (losses) of nonconsolidated affiliates	130		(276)		20		(126)
Other segment income (expense) items 3	(52)		90		(60)		(22)
Segment Operating EBIT 4	$	2,700	$	124	$	219	$	3,043

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 in 2025, 2024 and 2023, 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 (loss) before income taxes" is provided in the following table.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated


Reconciliation of "Segment Operating EBIT" to "Income (Loss) Before Income Taxes"	2025		2024		2023
In millions
Segment Operating EBIT	$	572	$	2,816	$	3,043
+ Corporate Operating EBIT	(150)		(228)		(265)

+ Interest income	152		200		229
- Interest expense and amortization of debt discount	865		811		746
+ Significant items	(2,220)		(377)		(1,605)
Income (loss) before income taxes	$	(2,511)	$	1,600	$	656

Schedule of Other Segment Information


Other Segment Information	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total		Corp. 1		Total
In millions	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total		Corp. 1		Total
2025
Net sales	$	19,970	$	11,163	$	8,134	$	39,267	$	701	$	39,968
Depreciation and amortization	$	1,439	$	622	$	740	$	2,801	$	33	$	2,834
Capital expenditures	$	1,911	$	351	$	217	$	2,479	$	—	$	2,479
Operating EBIT	$	827	$	(561)	$	306	$	572	$	(150)	$	422
2024
Net sales	$	21,776	$	11,869	$	8,574	$	42,219	$	745	$	42,964
Depreciation and amortization	$	1,483	$	599	$	776	$	2,858	$	36	$	2,894
Capital expenditures	$	1,949	$	675	$	316	$	2,940	$	—	$	2,940
Operating EBIT	$	2,373	$	125	$	318	$	2,816	$	(228)	$	2,588
2023
Net sales	$	23,149	$	12,538	$	8,497	$	44,184	$	438	$	44,622
Depreciation and amortization	$	1,285	$	524	$	778	$	2,587	$	24	$	2,611
Capital expenditures	$	1,457	$	477	$	422	$	2,356	$	—	$	2,356
Operating EBIT	$	2,700	$	124	$	219	$	3,043	$	(265)	$	2,778

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 Information


Segment Asset Information	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total		Corp.		Total
In millions	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total		Corp.		Total
2025
Total assets	$	30,251	$	11,263	$	11,407	$	52,921	$	5,617	$	58,538
Investments in nonconsolidated affiliates 1	$	677	$	413	$	137	$	1,227	$	37	$	1,264
2024
Total assets	$	29,034	$	11,928	$	11,170	$	52,132	$	5,180	$	57,312
Investments in nonconsolidated affiliates 1	$	711	$	367	$	146	$	1,224	$	42	$	1,266
2023
Total assets	$	28,692	$	11,993	$	12,080	$	52,765	$	5,202	$	57,967
Investments in nonconsolidated affiliates 1	$	705	$	384	$	136	$	1,225	$	42	$	1,267

1.See Note 11 for additional information regarding the Company's investments in nonconsolidated affiliates.

Schedule of significant items [Table Text Block]

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


Significant Items by Segment for 2025	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total		Corp.		Total
In millions
Restructuring, implementation and efficiency costs, and asset related charges - net 1	$	—	$	(1)	$	—	$	(1)	$	(50)	$	(51)
2025 Restructuring Program severance and related benefit costs and asset related charges 2	(165)		(95)		(150)		(410)		(452)		(862)
Implementation costs 3	—		—		—		—		(53)		(53)
Goodwill impairment 4	—		(690)		—		(690)		—		(690)
Asset related charges 5	(71)		(232)		—		(303)		—		(303)
Pension settlement charges 6	—		—		—		—		(323)		(323)
Net gain on divestitures and asset sale 7	—		103		—		103		110		213
Litigation related charges, awards and adjustments 8	—		—		—		—		42		42
Loss on early extinguishment of debt 9	—		—		—		—		(78)		(78)
Indemnification and other transaction related costs 10	—		—		—		—		(115)		(115)
Total	$	(236)	$	(915)	$	(150)	$	(1,301)	$	(919)	$	(2,220)

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 5 for additional information.

2.Severance and related benefit costs and impairment charges related to the write-down of certain manufacturing facilities, corporate assets, leased non-manufacturing facilities and other miscellaneous assets associated with the Company's 2025 Restructuring Program. See Note 5 for additional information.

3.Implementation costs associated with the Company's 2025 Restructuring Program and the sale of membership interests of Diamond Infrastructure Solutions.

4.Related to a pretax impairment charge related to goodwill associated with the Polyurethanes & Construction Chemicals reporting unit. See Note 12 for additional information.

5.Related to a pretax impairment charge related to impairment charge related to assets used for chlor-alkali, propylene oxide and brine production in Latin America. See Notes 5 and 22 for additional information.

6.Non-cash settlement charges related to the termination of certain Company pension plans in the United States and the United Kingdom. See Note 19 for additional information.

7.Relates to a gain on the sale of the Company's ownership interest in a nonconsolidated affiliate, and a gain on the sale of the soil fumigation product line. See Note 4 for additional information.

8.Includes a gain associated with the reassessment of liabilities for certain accrued Groundwater Matters, partially offset by the settlement of a separate claim related to water storage district Groundwater Matters. See Note 15 for additional information.

9.The Company retired outstanding long-term debt resulting in a loss on early extinguishment. See Note 14 for additional information.

10.Primarily includes a charge related to an arbitration settlement agreement for historical product claims from a divested business. Also includes charges associated with agreements entered into with DuPont and Corteva as part of the separation and distribution which, among other matters, provides for cross-indemnities and allocations of obligations and liabilities for periods prior to, at and after the completion of the separation. See Note 15 for additional information.


Significant Items by Segment for 2024	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total		Corp.		Total
In millions
Restructuring, implementation and efficiency costs, and asset related charges - net 1	$	(37)	$	(8)	$	11	$	(34)	$	(281)	$	(315)



Indemnification and other transaction related costs 2	—		—		—		—		(62)		(62)
Total	$	(37)	$	(8)	$	11	$	(34)	$	(343)	$	(377)

1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. Also includes gains associated with a previously impaired equity investment and impairment charges related to the write-down of certain manufacturing assets. See Note 5 for additional information.

2.Includes charges associated with agreements entered into with DuPont and Corteva as part of the separation and distribution which, among other matters, provides for cross-indemnities and allocations of obligations and liabilities for periods prior to, at and after the completion of the separation. Also includes a charge related to an arbitration settlement agreement for historical product claims from a divested business. See Note 15 for additional information.


Significant Items by Segment for 2023	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Operating Segment Total		Corp.		Total
In millions
Restructuring, implementation costs and asset related charges - net 1	$	(1)	$	(50)	$	(67)	$	(118)	$	(623)	$	(741)
Litigation related charges, awards and adjustments 2	106		(177)		—		(71)		—		(71)
Argentine peso devaluation 3	(52)		(16)		—		(68)		(109)		(177)
Pension settlement charges 4	—		—		—		—		(642)		(642)
Indemnification and other transaction related costs 5	—		—		—		—		26		26
Total	$	53	$	(243)	$	(67)	$	(257)	$	(1,348)	$	(1,605)

1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program, partially offset by a credit related to a prior restructuring program. Also includes certain gains and losses associated with previously impaired equity investments.

2.Includes a loss associated with legacy agricultural products groundwater contamination matters, partially offset by a gain associated with a legal matter with Nova Chemicals Corporation. See Note 15 for additional information.

3.Foreign currency losses and inventory valuation impacts related to the devaluation of the Argentine peso by the Argentina government in December 2023.

4.Non-cash settlement charges related to the purchase of nonparticipating group annuity contracts for certain Company pension plans in the United States and Canada. See Note 19 for additional information.

5.Primarily related to charges associated with agreements entered into with DuPont and Corteva as part of the separation and distribution which, among other matters, provides for cross-indemnities and allocations of obligations and liabilities for periods prior to, at and after the completion of the separation.