XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net Sales $ 12,483 $ 12,036 $ 35,138 $ 37,316
Cost of sales 9,841 9,349 27,067 29,030
Research and development expenses 399 382 1,159 1,194
Selling, general and administrative expenses 864 689 2,393 2,214
Amortization of intangibles 162 105 387 316
Restructuring charges 0 0 452 375
Equity in earnings of nonconsolidated affiliates 70 135 191 575
Sundry income (expense) - net (4) 632 1,305 1,680
Interest income 26 18 64 46
Interest expense and amortization of debt discount 220 233 629 706
Income Before Income Taxes 1,089 2,063 4,611 5,782
Provision for income taxes 271 627 291 1,630
Net Income 818 1,436 4,320 4,152
Net income attributable to noncontrolling interests 14 61 54 79
Net Income Attributable to The Dow Chemical Company 804 1,375 4,266 4,073
Preferred stock dividends 85 [1] 85 255 255
Net Income Available for The Dow Chemical Company Common Stockholders $ 719 $ 1,290 $ 4,011 $ 3,818
Per Common Share Data:        
Earnings per common share - basic $ 0.64 $ 1.12 $ 3.60 $ 3.33
Earnings per common share - diluted 0.63 1.09 3.48 3.24
Dividends declared per share of common stock $ 0.46 $ 0.42 $ 1.38 $ 1.26
Weighted-average common shares outstanding - basic 1,112.4 1,141.3 1,108.8 1,138.4
Weighted-average common shares outstanding - diluted 1,127.4 1,250.6 1,220.4 1,248.9
Depreciation $ 573 $ 494 $ 1,540 $ 1,463
Capital Expenditures $ 1,060 $ 916 $ 2,877 $ 2,817
[1] Preferred stock dividends were not added back in the calculation of diluted earnings per share for the three months ended September 30, 2016, because the effect of adding them back would have been antidilutive.