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EARNINGS PER SHARE CALCULATIONS (Tables)
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Net Income [Table Text Block]
Net Income
In millions
2010

 
2009

Net income from continuing operations
$
2,321

 
$
566

Income from discontinued operations, net of income taxes
—

 
110

Net income attributable to noncontrolling interests
(11
)
 
(28
)
Net income attributable to The Dow Chemical Company
$
2,310

 
$
648

Preferred stock dividends
(340
)
 
(312
)
Net income available for common stockholders
$
1,970

 
$
336

(1)
Accounting Standards Codification Topic 260, "Earnings per Share," requires enterprises with participating securities to use the two-class method to calculate earnings per share and to report the most dilutive earnings per share amount. The Company's deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares. The impact on earnings per share in 2010 and 2009 using the two-class method was immaterial.
Net Income
In millions
 
2011

Net income from continuing operations
 
$
2,784

Net income attributable to noncontrolling interests
 
(42
)
Net income attributable to The Dow Chemical Company
 
$
2,742

Preferred stock dividends
 
(340
)
Net income attributable to participating securities (1)
 
(30
)
Net income attributable to common stockholders
 
$
2,372
Earnings Per Share Calculation - Basic
(1)
Accounting Standards Codification Topic 260, "Earnings per Share," requires enterprises with participating securities to use the two-class method to calculate earnings per share and to report the most dilutive earnings per share amount. The Company's deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares. The impact on earnings per share in 2010 and 2009 using the two-class method was immaterial.
Earnings Per Share Calculations - Basic
Dollars per share
2010

 
2009

Net income from continuing operations
$
2.06

 
$
0.54

Income from discontinued operations, net of income taxes
—

 
0.10

Net income attributable to noncontrolling interests
(0.01
)
 
(0.02
)
Net income attributable to The Dow Chemical Company
$
2.05

 
$
0.62

Preferred stock dividends
(0.30
)
 
(0.30
)
Net income available for common stockholders
$
1.75

 
$
0.32

Earnings Per Share Calculations - Basic
Dollars per share
 
2011

Net income from continuing operations
 
$
2.42

Net income attributable to noncontrolling interests
 
(0.03
)
Net income attributable to The Dow Chemical Company
 
$
2.39

Preferred stock dividends
 
(0.30
)
Net income attributable to participating securities (1)
 
(0.03
)
Net income attributable to common stockholders
 
$
2.06
Earnings Per Share Calculation - Diluted
Earnings Per Share Calculations - Diluted
Dollars per share
2010

 
2009

Net income from continuing operations
$
2.03

 
$
0.54

Income from discontinued operations, net of income taxes
—

 
0.10

Net income attributable to noncontrolling interests
(0.01
)
 
(0.02
)
Net income attributable to The Dow Chemical Company
$
2.02

 
$
0.62

Preferred stock dividends (1)
(0.30
)
 
(0.30
)
Net income available for common stockholders
$
1.72

 
$
0.32

(1)
Preferred stock dividends were not added back in the calculation of diluted earnings per share because the effect of adding them back would have been antidilutive
(1)
Accounting Standards Codification Topic 260, "Earnings per Share," requires enterprises with participating securities to use the two-class method to calculate earnings per share and to report the most dilutive earnings per share amount. The Company's deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares. The impact on earnings per share in 2010 and 2009 using the two-class method was immaterial.
Earnings Per Share Calculations - Diluted
Dollars per share
 
2011

Net income from continuing operations
 
$
2.40

Net income attributable to noncontrolling interests
 
(0.03
)
Net income attributable to The Dow Chemical Company
 
$
2.37

Preferred stock dividends (2)
 
(0.29
)
Net income attributable to participating securities (1)
 
(0.03
)
Net income attributable to common stockholders
 
$
2.05

(2)
Preferred stock dividends were not added back in the calculation of diluted earnings per share because the effect of adding them back would have been antidilutive.
Schedule of Weighted Average Number of Shares [Table Text Block]
(3)
These outstanding options to purchase shares of common stock and deferred stock awards were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
(4)
Conversion of the Cumulative Convertible Perpetual Preferred Stock, Series A into shares of the Company’s common stock was excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
Shares in millions
 
  
Weighted-average common shares - basic
 
1,149.0

Plus dilutive effect of stock options and awards
 
9.2

Weighted-average common shares - diluted
 
1,158.2

Stock options and deferred stock awards excluded from EPS calculations (3)
 
44.7

Conversion of preferred stock excluded from EPS calculations (4)
 
96.8

(2)
These outstanding options to purchase shares of common stock and deferred stock awards were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
(3)
Conversion of the Cumulative Convertible Perpetual Preferred Stock, Series A into shares of the Company’s common stock was excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.

Shares in millions
  
 
  
Weighted-average common shares - basic
1,125.9

 
1,043.2

Plus dilutive effect of stock options and awards
17.9

 
10.7

Weighted-average common shares - diluted
1,143.8

 
1,053.9

Stock options and deferred stock awards excluded from EPS calculations (2)
45.7

 
57.3

Conversion of preferred stock excluded from EPS calculations (3)
96.8

 
78.5