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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net Sales $ 11,952 $ 12,910 $ 22,655 $ 25,280
Cost of sales 9,275 10,146 17,226 19,681
Research and development expenses 399 429 760 812
Selling, general and administrative expenses 787 773 1,529 1,525
Amortization of intangibles 122 109 225 211
Restructuring charges 454 375 452 375
Equity in earnings of nonconsolidated affiliates 82 272 121 440
Sundry income (expense) - net 2,550 385 1,309 1,048
Interest income 18 11 38 28
Interest expense and amortization of debt discount 208 232 409 473
Income Before Income Taxes 3,357 1,514 3,522 3,719
Provision for income taxes 130 317 20 1,003
Net Income 3,227 1,197 3,502 2,716
Net income (loss) attributable to noncontrolling interests 19 (23) 40 18
Net Income Attributable to The Dow Chemical Company 3,208 1,220 3,462 2,698
Preferred stock dividends 85 85 170 170
Net Income Available for The Dow Chemical Company Common Stockholders $ 3,123 $ 1,135 $ 3,292 $ 2,528
Per Common Share Data:        
Earnings per common share - basic $ 2.79 $ 0.99 $ 2.96 $ 2.21
Earnings per common share - diluted 2.61 0.97 2.83 2.15
Dividends declared per share of common stock $ 0.46 $ 0.42 $ 0.92 $ 0.84
Weighted-average common shares outstanding - basic 1,111.1 1,138.1 1,107.0 1,136.9
Weighted-average common shares outstanding - diluted 1,222.8 1,249.4 1,218.5 1,248.0
Depreciation $ 511 $ 483 $ 967 $ 969
Capital Expenditures $ 997 $ 998 $ 1,817 $ 1,901