XML 54 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net Sales $ 13,637 $ 15,109 $ 42,869 $ 45,888
Cost of sales 11,368 12,928 35,853 38,596
Research and development expenses 434 402 1,245 1,213
Selling, general and administrative expenses 739 691 2,120 2,086
Amortization of intangibles 117 125 361 373
Restructuring charges 0 0 357 0
Acquisition-related integration expenses 0 0 0 31
Equity in earnings of nonconsolidated affiliates 175 375 492 964
Sundry income (expense) - net (21) 47 23 (322)
Interest income 10 9 26 26
Interest expense and amortization of debt discount 318 305 959 1,010
Income Before Income Taxes 825 1,089 2,515 3,247
Provision for income taxes 234 186 664 546
Net Income 591 903 1,851 2,701
Net income attributable to noncontrolling interests 9 3 38 24
Net Income attributable to The Dow Chemical Company 582 900 1,813 2,677
Preferred stock dividends 85 85 255 255
Net Income Available for The Dow Chemical Company Common Stockholders 497 815 1,558 2,422
Per Common Share Data:        
Earnings per common share - basic $ 0.42 $ 0.70 $ 1.32 $ 2.08
Earnings per common share - diluted $ 0.42 $ 0.69 $ 1.31 $ 2.07
Common stock dividends declared per share of common stock $ 0.32 $ 0.25 $ 0.89 $ 0.65
Weighted-average common shares outstanding - basic 1,172.7 1,152.3 1,167.8 1,147.2
Weighted-average common shares outstanding - diluted 1,179.5 1,160.9 1,174.9 1,157.8
Depreciation 514 539 1,530 1,624
Capital Expenditures $ 622 $ 651 $ 1,605 $ 1,620