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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents (variable interest entities restricted - 2018: $82; 2017: $107) $ 2,669 $ 6,188
Marketable securities 100 4
Accounts and notes receivable:    
Trade (net of allowance for doubtful receivables - 2018: $106; 2017: $117) 8,246 7,338
Other 4,136 4,711
Inventories 9,260 8,376
Other current assets 852 627
Total current assets 25,263 27,244
Investments    
Investment in nonconsolidated affiliates 3,823 3,742
Other investments (investments carried at fair value - 2018: $1,699; 2017: $1,512) 2,648 2,510
Noncurrent receivables 394 594
Total investments 6,865 6,846
Property    
Property 61,437 60,426
Less accumulated depreciation 37,775 36,614
Net property (variable interest entities restricted - 2018: $734; 2017: $907) 23,662 23,812
Other Assets    
Goodwill 13,848 13,938
Other intangible assets (net of accumulated amortization - 2018: $5,762; 2017: $5,161) 4,913 5,549
Deferred income tax assets 2,031 1,722
Deferred charges and other assets 796 829
Total other assets 21,588 22,038
Total Assets 77,378 79,940
Current Liabilities    
Notes payable 305 484
Long-term debt due within one year 340 752
Accounts payable:    
Trade 5,378 5,360
Other 3,330 3,062
Income taxes payable 791 694
Accrued and other current liabilities 3,611 4,025
Total current liabilities 13,755 14,377
Long-Term Debt (variable interest entities nonrecourse - 2018: $75; 2017: $249) 19,254 19,765
Other Noncurrent Liabilities    
Deferred income tax liabilities 664 764
Pension and other postretirement benefits - noncurrent 9,226 10,794
Asbestos-related liabilities - noncurrent 1,142 1,237
Other noncurrent obligations 5,368 5,994
Total other noncurrent liabilities 16,400 18,789
Stockholders’ Equity    
Common stock (authorized and issued 100 shares of $0.01 par value each) 0 0
Additional paid-in capital 7,042 6,553
Retained earnings 29,808 28,050
Accumulated other comprehensive loss (9,885) (8,591)
Unearned ESOP shares (134) (189)
The Dow Chemical Company’s stockholders’ equity 26,831 25,823
Noncontrolling interests 1,138 1,186
Total equity 27,969 27,009
Total Liabilities and Equity $ 77,378 $ 79,940