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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net Sales $ 57,080 $ 56,786 $ 59,985
Cost of sales 47,594 47,792 51,029
Research and development expenses 1,747 1,708 1,646
Selling, general and administrative expenses 3,024 2,861 2,788
Amortization of intangibles 461 [1] 478 [1] 496 [1]
Goodwill impairment loss 0 220 [2] 0
Restructuring charges (credits) (22) [3] 1,343 [3] 0
Acquisition-related integration expenses 0 0 31 [4]
Equity in earnings of nonconsolidated affiliates 1,034 536 1,223
Sundry income (expense) - net 2,554 (27) (316)
Interest income 41 41 40
Interest expense and amortization of debt discount 1,101 1,269 1,341
Income Before Income Taxes 6,804 1,665 3,601
Provision for income taxes 1,988 565 817
Net Income 4,816 1,100 2,784
Net income (loss) attributable to noncontrolling interests 29 (82) 42
Net Income Attributable to The Dow Chemical Company 4,787 1,182 2,742
Preferred stock dividends 340 340 [5] 340 [5]
Net Income Available for The Dow Chemical Company Common Stockholders $ 4,447 $ 842 $ 2,402
Per Common Share Data:      
Earnings per common share - basic (in dollars per share) $ 3.72 $ 0.71 $ 2.06
Earnings per common share - diluted (in dollars per share) $ 3.68 $ 0.70 $ 2.05
Common stock dividends declared per share of common stock $ 1.28 $ 1.21 $ 0.90
Weighted-average common shares outstanding - basic 1,186.2 1,169.7 1,149.0
Weighted-average common shares outstanding - diluted 1,290.4 1,176.4 1,158.2
[1] Includes a $3 million asset impairment charge related to intangible assets in 2013.
[2] See Note 9 for information regarding the goodwill impairment loss.
[3] See Note 3 for information regarding restructuring charges.
[4] See Note 4 for information regarding acquisition-related integration expenses.
[5] Preferred stock dividends were not added back in the calculation of diluted earnings per share for the periods ended December 31, 2012 and 2011 because the effect of adding them back would have been antidilutive.