ACQUISITIONS AND DIVESTITURES (Tables)

9 Months Ended

Sep. 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]

Final determination of the fair values may result in further adjustments to the values presented in the following table.

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	647
Accounts and notes receivable - Other	223
Inventories	1,147
Other current assets	51
Investment in nonconsolidated affiliates	110
Noncurrent receivables	112
Net property	4,010
Other intangible assets (1)	2,987
Deferred income tax assets	996
Other assets	98
Total Assets Acquired	$	11,431
Fair Value of Liabilities Assumed
Accounts payable - Trade	$	372
Income taxes payable	261
Accrued and other current liabilities	406
Other current liabilities	92
Long-Term Debt	4,672
Deferred income tax liabilities	1,863
Pension and other postretirement benefits - noncurrent (2)	1,241
Other noncurrent obligations	438
Total Liabilities Assumed	$	9,345
Non-redeemable noncontrolling interests	$	473
Goodwill	$	3,205

(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]

The following table summarizes the major classes of assets and liabilities underlying the deferred tax assets and liabilities resulting from DCC Transaction:

Deferred Tax Balances at June 1, 2016	Deferred Tax			Deferred Tax
In millions	Assets			Liabilities
Property	$	161		$	767
Tax loss and credit carryforwards	227			—
Postretirement benefit obligations	474			—
Other accruals and reserves	63			47
Intangibles	11			1,008
Inventory	2			33
Long-term debt	49			—
Investments	23			8
Subtotal	$	1,010		$	1,863
Valuation allowances	(14		)	—
Total Deferred Tax Balances	$	996		$	1,863

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		Nine Months Ended
In millions	Sep 30, 2015		Sep 30, 2015
Income Before Income Taxes (1)	$	63	$	139
Loss before income taxes attributable to noncontrolling interests	6		11
Income Before Income Taxes attributable to The Dow Chemical Company (1)	$	69	$	150

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