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Consolidated Statements of Income (USD $)
In Millions, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Net Sales$ 53,674$ 44,875$ 57,361
Cost of sales45,78039,14851,913
Research and development expenses1,6601,4921,310
Selling, general and administrative expenses2,6092,4871,966
Amortization of intangibles50939992
Goodwill impairment losses07[1]239[1]
Restructuring charges26[2]689[2]839[2]
Purchased in-process research and development charges07[3]44[3]
Acquisition and integration related expenses143[4]166[4]49[4]
Asbestos-related credit54[5]054[5]
Equity in earnings of nonconsolidated affiliates1,112630787
Sundry income - net12589189
Interest income373986
Interest expense and amortization of debt discount1,4731,571648
Income from Continuing Operations Before Income Taxes2,8024691,277
Provision (Credit) for income taxes481(97)651
Net Income from Continuing Operations2,321566626
Income from discountinued operations, net of income taxes011028
Net Income2,321676654
Net income attributable to noncontrolling interests112875
Net Income attributable to The Dow Chemical Company2,310648579
Preferred stock dividends3403120
Net Income Available for The Dow Chemical Company Common Stockholders$ 1,970$ 336$ 579
Per Common Share Data:   
Net income from continuing operations available for common stockholders (in dollars per share)$ 1.75$ 0.22$ 0.59
Discountinued operations attributable to common stockholders (in dollars per share)$ 0.00$ 0.10$ 0.03
Earnings per common share - basic (in dollars per share)$ 1.75$ 0.32$ 0.62
Net income from continuing operations available for common stockholders (in dollars per share)$ 1.72$ 0.22$ 0.59
Discountinued operations attributable to common stockholders (in dollars per share)$ 0.00$ 0.10$ 0.03
Earnings per common share - diluted (in dollars per share)$ 1.72$ 0.32$ 0.62
Common stock dividends declared per share of common stock$ 0.60$ 0.60$ 1.68
Weighted-average common shares outstanding - basic1,125.91,043.2930.4
Weighted-average common shares outstanding - diluted1,143.81,053.9939.0
[1]See Note I for information regarding the goodwill impairment losses.
[2]See Note C for information regarding restructuring charges.
[3]See Note D for information regarding purchased in-process research and development.
[4]See Note D for information regarding acquisition and integration related expenses.
[5]See Note N for information regarding asbestos-related credits.