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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net Sales $ 13,734 $ 13,637 $ 42,694 $ 42,869
Cost of sales 11,716 11,368 35,526 35,853
Research and development expenses 418 434 1,270 1,245
Selling, general and administrative expenses 698 739 2,186 2,120
Amortization of intangibles 114 117 344 361
Restructuring charges 0 0 0 357
Equity in earnings of nonconsolidated affiliates 322 175 780 492
Sundry income (expense) - net 59 (21) 2,080 23
Interest income 11 10 29 26
Interest expense and amortization of debt discount 264 318 839 959
Income Before Income Taxes 916 825 5,418 2,515
Provision for income taxes 231 234 1,630 664
Net Income 685 591 3,788 1,851
Net income attributable to noncontrolling interests 6 9 49 38
Net Income Attributable to The Dow Chemical Company 679 582 3,739 1,813
Preferred stock dividends 85 85 [1] 255 255 [1]
Net Income Available for The Dow Chemical Company Common Stockholders 594 497 3,484 1,558
Per Common Share Data:        
Earnings per common share - basic $ 0.50 $ 0.42 $ 2.92 $ 1.32
Earnings per common share - diluted $ 0.49 $ 0.42 $ 2.88 $ 1.31
Common stock dividends declared per share of common stock $ 0.32 $ 0.32 $ 0.96 $ 0.89
Weighted-average common shares outstanding - basic 1,187.4 1,172.7 1,184.9 1,167.8
Weighted-average common shares outstanding - diluted 1,194.2 1,179.5 1,287.8 1,174.9
Depreciation 509 514 1,518 1,530
Capital Expenditures $ 566 $ 622 $ 1,418 $ 1,605
[1] Preferred stock dividends were not added back in the calculation of diluted earnings per share for the three-month period ended September 30, 2013 and the three- and nine-month periods ended September 30, 2012 because the effect of adding them back would have been antidilutive.