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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net sales $ 11,014 $ 12,789 $ 21,983 $ 25,026
Cost of sales 9,420 10,540 18,562 20,520
Research and development expenses 208 221 398 429
Selling, general and administrative expenses 422 485 870 967
Amortization of intangibles 104 118 220 236
Restructuring and asset related charges - net 65 40 221 127
Integration and separation costs 348 262 800 486
Equity in earnings (losses) of nonconsolidated affiliates (15) 193 (29) 394
Interest income 21 18 39 38
Interest expense and amortization of debt discount 237 261 478 523
Income from continuing operations before income taxes 215 1,059 512 2,210
Provision for income taxes on continuing operations 125 249 266 475
Income from continuing operations, net of tax 90 810 246 1,735
Income from discontinued operations, net of tax 0 554 445 1,068
Net income 90 1,364 691 2,803
Net income attributable to noncontrolling interests 15 31 60 66
Net income available for The Dow Chemical Company common stockholder 75 1,333 631 2,737
Depreciation 538 540 1,081 1,094
Capital expenditures 470 489 912 868
The Dow Chemical Company [Domain]        
Net sales 11,014 12,789 21,983 25,026
Cost of sales 9,419 10,540 18,561 20,520
Research and development expenses 208 221 398 429
Selling, general and administrative expenses 418 485 866 967
Amortization of intangibles 104 118 220 236
Restructuring and asset related charges - net 65 40 221 127
Integration and separation costs 324 262 776 486
Equity in earnings (losses) of nonconsolidated affiliates (15) 193 (29) 394
Sundry income (expense) - net 109 (14) 178 40
Interest income 21 18 39 38
Interest expense and amortization of debt discount 249 261 490 523
Income from continuing operations before income taxes 342 1,059 639 2,210
Provision for income taxes on continuing operations 125 249 266 475
Income from continuing operations, net of tax 217 810 373 1,735
Income from discontinued operations, net of tax 0 554 445 1,068
Net income 217 1,364 818 2,803
Net income attributable to noncontrolling interests 15 31 60 66
Net income available for The Dow Chemical Company common stockholder 202 1,333 758 2,737
Depreciation 538 540 1,081 1,094
Capital expenditures $ 470 $ 489 $ 912 $ 868