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EARNINGS PER SHARE CALCULATIONS (Tables)
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Net Income [Table Text Block]
(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. Deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares.
Net Income
Three Months Ended
 
Nine Months Ended
In millions
Sep 30,
2012


Sep 30, 2011

 
Sep 30,
2012


Sep 30,
2011

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 attributable to participating securities (1)
(5
)
 
(11
)
 
(15
)
 
(31
)
Net income attributable to common stockholders
$
492

 
$
804

 
$
1,543

 
$
2,391
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. Deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares.
Earnings Per Share Calculations - Basic
Three Months Ended
 
Nine Months Ended
Dollars per share
Sep 30,
2012


Sep 30, 2011

 
Sep 30,
2012

 
Sep 30,
2011

Net income
$
0.50

 
$
0.78

 
$
1.58

 
$
2.35

Net income attributable to noncontrolling interests
(0.01
)
 
—

 
(0.03
)
 
(0.02
)
Net income attributable to The Dow Chemical Company
$
0.49

 
$
0.78

 
$
1.55

 
$
2.33

Preferred stock dividends
(0.07
)
 
(0.07
)
 
(0.22
)
 
(0.22
)
Net income attributable to participating securities (1)
—

 
(0.01
)
 
(0.01
)
 
(0.03
)
Net income attributable to common stockholders
$
0.42

 
$
0.70

 
$
1.32

 
$
2.08
Earnings Per Share Calculation - Diluted
Earnings Per Share Calculations - Diluted
Three Months Ended
 
Nine Months Ended
Dollars per share
Sep 30,
2012

 
Sep 30, 2011

 
Sep 30,
2012

 
Sep 30,
2011

Net income
$
0.50

 
$
0.77

 
$
1.57

 
$
2.33

Net income attributable to noncontrolling interests
(0.01
)
 
—

 
(0.03
)
 
(0.02
)
Net income attributable to The Dow Chemical Company
$
0.49

 
$
0.77

 
$
1.54

 
$
2.31

Preferred stock dividends (2)
(0.07
)
 
(0.07
)
 
(0.22
)
 
(0.22
)
Net income attributable to participating securities (1)
—

 
(0.01
)
 
(0.01
)
 
(0.02
)
Net income attributable to common stockholders
$
0.42

 
$
0.69

 
$
1.31

 
$
2.07

(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. Deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares.
(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]
Shares in millions
 
 
 
 
 
 
 
Weighted-average common shares - basic
1,172.7

 
1,152.3

 
1,167.8

 
1,147.2

Plus dilutive effect of stock options and awards
6.8

 
8.6

 
7.1

 
10.6

Weighted-average common shares - diluted
1,179.5

 
1,160.9

 
1,174.9

 
1,157.8

Stock options and deferred stock awards excluded from EPS calculations (3)
54.0

 
42.5

 
52.2

 
41.1

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

 
96.8

 
96.8

 
96.8

(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.