OPERATING SEGMENTS AND GEOGRAPHIC AREAS (Tables)

9 Months Ended

Sep. 30, 2013



Operating Segments	Three Months Ended						Nine Months Ended
In millions	Sep 30, 2013			Sep 30, 2012			Sep 30, 2013			Sep 30, 2012
Sales by operating segment
Electronic and Functional Materials	$	1,168		$	1,111		$	3,461		$	3,383
Coatings and Infrastructure Solutions	1,839			1,730			5,394			5,321
Agricultural Sciences	1,410			1,302			5,363			4,816
Performance Materials	3,307			3,411			10,024			10,253
Performance Plastics	3,616			3,500			10,790			10,802
Feedstocks and Energy	2,328			2,521			7,427			8,113
Corporate	66			62			235			181
Total	$	13,734		$	13,637		$	42,694		$	42,869
EBITDA (1) by operating segment
Electronic and Functional Materials	$	287		$	273		$	814		$	803
Coatings and Infrastructure Solutions	283			246			719			787
Agricultural Sciences	18			63			792			821
Performance Materials	314			491			1,038			1,173
Performance Plastics	970			737			2,932			2,215
Feedstocks and Energy	187			200			620			532
Corporate	(225		)	(212		)	1,305			(865		)
Total	$	1,834		$	1,798		$	8,220		$	5,466
Equity in earnings (losses) of nonconsolidated affiliates by operating segment (included in EBITDA)
Electronic and Functional Materials	$	36		$	27		$	81		$	81
Coatings and Infrastructure Solutions	32			29			83			96
Agricultural Sciences	3			3			6			3
Performance Materials	(11		)	(30		)	(46		)	(67		)
Performance Plastics	134			28			279			101
Feedstocks and Energy	135			123			399			300
Corporate	(7		)	(5		)	(22		)	(22		)
Total	$	322		$	175		$	780		$	492

(1)

The Company uses EBITDA (which Dow defines as earnings (i.e., "Net Income") before interest, income taxes, depreciation and amortization) as its measure of profit/loss for segment reporting purposes. EBITDA by operating segment includes all operating items relating to the businesses, except depreciation and amortization; items that principally apply to the Company as a whole are assigned to Corporate. A reconciliation of EBITDA to "Income Before Income Taxes" is provided below.

Reconciliation of EBITDA to Income Before Income Taxes



Reconciliation of EBITDA to “Income Before Income Taxes”	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2013		Sep 30, 2012		Sep 30, 2013		Sep 30, 2012
EBITDA	$	1,834	$	1,798	$	8,220	$	5,466
- Depreciation and amortization	665		665		1,992		2,018
+ 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

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]



Geographic Areas	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2013		Sep 30, 2012		Sep 30, 2013		Sep 30, 2012
Sales by geographic area
United States	$	4,471	$	4,394	$	14,089	$	14,029
Europe, Middle East and Africa	4,308		4,446		13,794		14,680
Rest of World	4,955		4,797		14,811		14,160
Total	$	13,734	$	13,637	$	42,694	$	42,869

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details