XML 26 R8.htm IDEA: XBRL DOCUMENT v3.19.2
TDCC Consolidated Statements of Income Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net sales $ 49,604 $ 43,730 $ 36,264
Cost of sales 41,074 36,350 30,053
Research and development expenses 800 803 746
Selling, general and administrative expenses 1,782 1,795 1,800
Amortization of intangibles 469 400 316
Restructuring, goodwill impairment and asset related charges - net 221 2,739 579
Integration and separation costs 1,179 798 349
Asbestos-related charge 0 0 1,113
Equity in earnings of nonconsolidated affiliates 555 394 187
Sundry income (expense) - net 96 (154) 517
Interest income 82 66 75
Interest expense and amortization of debt discount 1,063 914 827
Income from continuing operations before income taxes 3,749 237 1,260
Provision (credit) for income taxes on continuing operations 809 1,524 (218)
Income (loss) from continuing operations, net of tax 2,940 (1,287) 1,478
Income from discontinued operations, net of tax 1,835 1,882 2,926
Net income 4,775 595 4,404
Net income attributable to noncontrolling interests 134 130 86
Net income attributable to The Dow Chemical Company 4,641 465 4,318
Preferred stock dividends 0 0 340
Net income available for The Dow Chemical Company common stockholder 4,641 465 3,978
The Dow Chemical Company [Domain]      
Net sales 49,604 43,730 36,264
Cost of sales 41,074 36,350 30,053
Research and development expenses 800 803 746
Selling, general and administrative expenses 1,782 1,795 1,800
Amortization of intangibles 469 400 316
Restructuring, goodwill impairment and asset related charges - net 221 2,739 579
Integration and separation costs 1,179 798 349
Asbestos-related charge 0 0 1,113
Equity in earnings of nonconsolidated affiliates 555 394 187
Sundry income (expense) - net 96 (154) 517
Interest income 82 66 75
Interest expense and amortization of debt discount 1,063 914 827
Income from continuing operations before income taxes 3,749 237 1,260
Provision (credit) for income taxes on continuing operations 809 1,524 (218)
Income (loss) from continuing operations, net of tax 2,940 (1,287) 1,478
Income from discontinued operations, net of tax 1,835 1,882 2,926
Net income 4,775 595 4,404
Net income attributable to noncontrolling interests 134 130 86
Net income attributable to The Dow Chemical Company 4,641 465 4,318
Preferred stock dividends 0 0 340
Net income available for The Dow Chemical Company common stockholder $ 4,641 $ 465 $ 3,978