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TDCC Consolidated Statements of Cash Flows Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net income $ 4,775 $ 595 $ 4,404
Income from discontinued operations, net of tax 1,835 1,882 2,926
Income from continuing operations, net of tax 2,940 (1,287) 1,478
Depreciation and amortization 2,909 2,546 2,225
Provision (Credit) for deferred income tax (429) 1,413 (1,009)
Earnings of nonconsolidated affiliates less than (in excess of) dividends received 108 253 425
Net periodic pension benefit cost 279 1,032 292
Pension contributions (1,651) (1,672) (624)
Net gain on sales of assets, businesses and investments (38) (419) (196)
Net (gain) loss on step acquisition of nonconsolidated affiliate 20 0 (1,617)
Restructuring, goodwill impairment and asset related charges - net 221 2,739 579
Amortization of Merger-related inventory step-up 2 120 0
Asbestos-related charge 0 0 1,113
Other net loss 393 331 324
Accounts and notes receivable (855) (11,431) (8,764)
Inventories (859) (891) 380
Accounts payable 787 1,081 547
Other assets and liabilities, net (731) (258) 965
Cash provided by (used for) operating activities - continuing operations 3,096 (6,443) (3,882)
Cash provided by operating activities - discontinued operations 1,158 1,514 925
Cash provided by (used for) operating activities 4,254 (4,929) (2,957)
Capital expenditures (2,091) (2,807) (3,489)
Investment in gas field developments (114) (121) (113)
Purchases of previously leased assets (26) (187) 0
Proceeds from sales of property and businesses, net of cash divested 47 522 235
Acquisitions of property and businesses, net of cash acquired (20) 47 (163)
Cash acquired in step acquisition of nonconsolidated affiliate 0 0 1,070
Investments in and loans to nonconsolidated affiliates (18) (749) (1,020)
Distributions and loan repayments from nonconsolidated affiliates 55 69 98
Purchases of investments (1,530) (642) (577)
Proceeds from sales and maturities of investments 1,214 1,165 733
Proceeds from interests in trade accounts receivable conduits 657 9,462 8,551
Other investing activities, net 0 34 46
Cash provided by (used for) investing activities - continuing operations (1,826) 6,793 5,371
Cash provided by (used for) investing activities - discontinued operations (369) 725 (279)
Cash provided by (used for) investing activities (2,195) 7,518 5,092
Transfer of business under common control (240) 6 0
Changes in short-term notes payable (178) 268 (19)
Proceeds from issuance of long-term debt 1,999 0 30
Payments on long-term debt (3,054) (617) (584)
Purchases of treasury stock 0 0 (916)
Proceeds from issuance of parent company stock 112 66 0
Proceeds from sales of common stock 0 423 398
Employee taxes paid for share-based payment arrangements (77) (81) (58)
Distributions to noncontrolling interests (135) (101) (146)
Purchases of noncontrolling interests 0 0 (202)
Dividends paid to stockholders 0 (2,179) (2,462)
Dividends paid to DowDuPont Inc. (3,711) (1,056) 0
Other financing activities, net (67) (4) (2)
Cash used for financing activities - continuing operations (5,351) (3,275) (3,961)
Cash used for financing activities - discontinued operations (53) (50) (53)
Cash used for financing activities (5,404) (3,325) (4,014)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (99) 320 (77)
Decrease in cash, cash equivalents and restricted cash (3,444) (416) (1,956)
Cash, cash equivalents and restricted cash at beginning of year 6,208 6,624 8,580
Cash, cash equivalents and restricted cash at end of year 2,764 6,208 6,624
Less: Restricted cash and cash equivalents, included in Other current assets 40 19 17
Cash and cash equivalents at end of year 2,724 6,189 6,607
The Dow Chemical Company [Domain]      
Net income 4,775 595 4,404
Income from discontinued operations, net of tax 1,835 1,882 2,926
Income from continuing operations, net of tax 2,940 (1,287) 1,478
Depreciation and amortization 2,909 2,546 2,225
Provision (Credit) for deferred income tax (429) 1,413 (1,009)
Earnings of nonconsolidated affiliates less than (in excess of) dividends received 108 253 425
Net periodic pension benefit cost 279 1,032 292
Pension contributions (1,651) (1,672) (624)
Net gain on sales of assets, businesses and investments (38) (419) (196)
Net (gain) loss on step acquisition of nonconsolidated affiliate 20 0 (1,617)
Restructuring, goodwill impairment and asset related charges - net 221 2,739 579
Amortization of Merger-related inventory step-up 2 120 0
Asbestos-related charge 0 0 1,113
Other net loss 393 331 324
Accounts and notes receivable (855) (11,431) (8,764)
Inventories (859) (891) 380
Accounts payable 787 1,081 547
Other assets and liabilities, net (731) (258) 965
Cash provided by (used for) operating activities - continuing operations 3,096 (6,443) (3,882)
Cash provided by operating activities - discontinued operations 1,158 1,514 925
Cash provided by (used for) operating activities 4,254 (4,929) (2,957)
Capital expenditures (2,091) (2,807) (3,489)
Investment in gas field developments (114) (121) (113)
Purchases of previously leased assets (26) (187) 0
Proceeds from sales of property and businesses, net of cash divested 47 522 235
Acquisitions of property and businesses, net of cash acquired (20) 47 (163)
Cash acquired in step acquisition of nonconsolidated affiliate 0 0 1,070
Investments in and loans to nonconsolidated affiliates (18) (749) (1,020)
Distributions and loan repayments from nonconsolidated affiliates 55 69 98
Purchases of investments (1,530) (642) (577)
Proceeds from sales and maturities of investments 1,214 1,165 733
Proceeds from interests in trade accounts receivable conduits 657 9,462 8,551
Other investing activities, net 0 34 46
Cash provided by (used for) investing activities - continuing operations (1,826) 6,793 5,371
Cash provided by (used for) investing activities - discontinued operations (369) 725 (279)
Cash provided by (used for) investing activities (2,195) 7,518 5,092
Transfer of business under common control (240) 6 0
Changes in short-term notes payable (178) 268 (19)
Proceeds from issuance of long-term debt 1,999 0 30
Payments on long-term debt (3,054) (617) (584)
Purchases of treasury stock 0 0 (916)
Proceeds from issuance of parent company stock 112 66 0
Proceeds from sales of common stock 0 423 398
Employee taxes paid for share-based payment arrangements (77) (81) (58)
Distributions to noncontrolling interests (135) (101) (146)
Purchases of noncontrolling interests 0 0 (202)
Dividends paid to stockholders 0 (2,179) (2,462)
Dividends paid to DowDuPont Inc. (3,711) (1,056) 0
Other financing activities, net (67) (4) (2)
Cash used for financing activities - continuing operations (5,351) (3,275) (3,961)
Cash used for financing activities - discontinued operations (53) (50) (53)
Cash used for financing activities (5,404) (3,325) (4,014)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (99) 320 (77)
Decrease in cash, cash equivalents and restricted cash (3,444) (416) (1,956)
Cash, cash equivalents and restricted cash at beginning of year 6,208 6,624 8,580
Cash, cash equivalents and restricted cash at end of year 2,764 6,208 6,624
Less: Restricted cash and cash equivalents, included in Other current assets 40 19 17
Cash and cash equivalents at end of year $ 2,724 $ 6,189 $ 6,607