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Dow Consolidated Statements of Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 10,764 $ 12,634 $ 32,747 $ 37,660
Cost of sales 9,377 10,456 27,939 30,976
Research and development expenses 194 193 592 622
Selling, general and administrative expenses 388 409 1,258 1,376
Amortization of intangibles 100 117 320 353
Restructuring and asset related charges - net 147 48 368 175
Integration and separation costs 164 313 964 799
Equity in earnings (losses) of nonconsolidated affiliates (44) 135 (73) 529
Sundry income (expense) - net 301 (3) 369 37
Interest income 19 22 58 60
Interest expense and amortization of debt discount 233 258 711 781
Income from continuing operations before income taxes 437 994 949 3,204
Provision for income taxes on continuing operations 90 280 356 755
Income from continuing operations, net of tax 347 714 593 2,449
Income from discontinued operations, net of tax 0 335 445 1,403
Net income 347 1,049 1,038 3,852
Net income attributable to noncontrolling interests 14 36 74 102
Net income available for Dow Inc. common stockholders $ 333 $ 1,013 $ 964 $ 3,750
Earnings per common share from continuing operations - basic $ 0.45 $ 0.91 $ 0.71 $ 3.17
Earnings per common share from discontinued operations - basic 0 0.45 0.58 1.85
Earnings per common share - basic 0.45 1.36 1.29 5.02
Earnings per common share from continuing operations - diluted 0.45 0.91 0.71 3.17
Earnings per common share from discontinued operations - diluted 0 0.45 0.58 1.85
Earnings per common share - diluted $ 0.45 $ 1.36 $ 1.29 $ 5.02
Weighted-average common shares outstanding - basic 739.8 747.2 743.3 747.2
Weighted-average common shares outstanding - diluted 743.0 747.2 746.1 747.2
Depreciation $ 540 $ 549 $ 1,621 $ 1,643
Capital expenditures $ 472 $ 577 $ 1,384 $ 1,445