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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net Sales $ 14,461 $ 14,383
Cost of sales 11,733 11,707
Research and development expenses 391 435
Selling, general and administrative expenses 779 772
Amortization of intangibles 114 115
Equity in earnings of nonconsolidated affiliates 251 230
Sundry income (expense) - net 29 (32)
Interest income 13 8
Interest expense and amortization of debt discount 246 296
Income Before Income Taxes 1,491 1,264
Provision for income taxes 425 604
Net Income 1,066 660
Net income attributable to noncontrolling interests 17 25
Net Income Attributable to The Dow Chemical Company 1,049 635
Preferred stock dividends 85 [1] 85 [1]
Net Income Available for The Dow Chemical Company Common Stockholders 964 550
Per Common Share Data:    
Earnings per common share - basic $ 0.80 $ 0.46
Earnings per common share - diluted $ 0.79 $ 0.46
Common stock dividends declared per share of common stock $ 0.37 $ 0.32
Weighted-average common shares outstanding - basic 1,190.6 1,181.1
Weighted-average common shares outstanding - diluted 1,207.7 1,187.6
Depreciation 517 505
Capital Expenditures $ 672 $ 346
[1] 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.