SUPPLEMENTARY INFORMATION

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplementary Information Disclosure [Text Block]

SUPPLEMENTARY INFORMATION

The Company uses "Sundry income (expense) – net" to record a variety of income and expense items such as foreign currency exchange gains and losses, dividends from investments, gains and losses on sales of investments and assets, non-operating pension and other postretirement benefit plan credits or costs, and certain litigation matters.

TDCC

For the three months ended September 30, 2019, "Sundry income (expense) - net" was income of $284 million compared with expense of $3 million for the three months ended September 30, 2018. "Sundry income (expense) – net" increased primarily due to an increase in foreign currency exchange gains and non-operating pension and postretirement benefit plan credits compared with the third quarter of 2018, as well as a net gain of $205 million related to litigation matters, which included a $170 million gain related to a legal settlement with Nova Chemicals Corporation ("Nova") (related to the Packaging & Specialty Plastics segment) and an $85 million gain related to an adjustment of the Dow Silicones breast implant liability (related to the Corporate segment) which were partially offset by a $50 million charge (net of indemnifications of $37 million) related to the settlement of the Dow Silicones commercial creditor matters (related to the Corporate segment). The third quarter of 2018 included a $6 million loss on the early extinguishment of debt. "Sundry income (expense) - net" in the first nine months of 2019 was income of $462 million compared with income of $37 million in the first nine months of 2018. In addition to the amounts previously discussed, the first nine months of 2019 included a $44 million loss on the early extinguishment of debt and a gain of $14 million on post-closing adjustments related to a previous divestiture (both related to the Corporate segment). The first nine months of 2018 included a $20 million loss for a post-closing adjustment related to the Dow Silicones ownership restructure (related to the Performance Materials & Coatings segment) and a $20 million gain related to the Company's sale of its equity interest in MEGlobal (related to the Industrial Intermediates & Infrastructure segment). See Notes 12, 13, 17 and 23 for additional information.

Dow Inc.

For the three months ended September 30, 2019, "Sundry income (expense) - net" was income of $301 million compared with expense of $3 million for the three months ended September 30, 2018. For the nine months ended September 30, 2019, "Sundry income (expense) - net" was income of $369 million compared with income of $37 million for the nine months ended September 30, 2018. In addition to the amounts previously discussed above for TDCC, "Sundry income (expense) - net" for the nine months ended September 30, 2019, included a $58 million loss on post-closing adjustments related to a previous divestiture and $52 million in charges associated with agreements entered into with DuPont and Corteva as part of the separation and distribution, which provides for cross-indemnities and allocations of obligations and liabilities for periods prior to, at and after completion of the separation (both related to the Corporate segment). See Notes 3, 12, 13, 17 and 23 for additional information.