ACQUISITIONS AND DIVESTITURES (Tables)

6 Months Ended

Jun. 30, 2016

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Assets Acquired and Liabilities Assumed on June 1, 2016
In millions
Fair Value of Previously Held Equity Investment, excluding the HSC Group	$	4,818
Fair Value of Assets Acquired
Cash and cash equivalents	$	1,050
Accounts and notes receivable - Trade	640
Accounts and notes receivable - Other	223
Inventories	1,147
Other current assets	51
Investment in nonconsolidated affiliates	110
Noncurrent receivables	112
Property	4,019
Other intangible assets (1)	2,987
Deferred income tax assets	1,001
Other assets	98
Total Assets Acquired	$	11,438
Fair Value of Liabilities Assumed
Accounts payable - Trade	$	374
Income taxes payable	261
Accrued and other current liabilities	406
Other current liabilities	95
Long-Term Debt	4,672
Deferred income tax liabilities	1,840
Pension and other postretirement benefits - noncurrent (2)	1,241
Other noncurrent obligations	438
Total Liabilities Assumed	$	9,327
Non-redeemable noncontrolling interests	$	473
Goodwill	$	3,180

(1) Includes $30 million of trademarks, $1,200 million of licenses and intellectual property, $2 million of software and $1,755 million of customer-related intangibles. See Note 6 for additional information.

(2) Includes pension and other postretirement benefits as well as long-term disability obligations.

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred Tax Balances at June 1, 2016	Deferred Tax			Deferred Tax
In millions	Assets			Liabilities
Property	$	161		$	743
Tax loss and credit carryforwards	227			—
Postretirement benefit obligations	474			—
Other accruals and reserves	68			52
Intangibles	11			1,004
Inventory	2			33
Long-term debt	49			—
Investments	23			8
Subtotal	$	1,015		$	1,840
Valuation allowances	(14		)	—
Total Deferred Tax Balances	$	1,001		$	1,840

Chlorine Value Chain [Domain]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Dow Chlorine Value Chain Income Statement Information	Three Months Ended		Six Months Ended
In millions	Jun 30, 2015		Jun 30, 2015
Income Before Income Taxes (1)	$	39	$	76
Loss before income taxes attributable to noncontrolling interests	4		5
Income Before Income Taxes attributable to The Dow Chemical Company (1)	$	43	$	81

(1)    Excludes transaction costs associated with the separation of the chlorine value chain, which are reported below.