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TDCC Consolidated Statements of Cash Flows Statement
$ in Millions
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Net income (loss) $ (1,272) $ 4,775 $ 595
Income from discontinued operations, net of tax 445 1,835 1,882
Income (loss) from continuing operations, net of tax (1,717) 2,940 (1,287)
Depreciation and amortization 2,938 2,909 2,546
Provision (Credit) for deferred income tax (228) (429) 1,413
Earnings of nonconsolidated affiliates less than (in excess of) dividends received 1,114 108 253
Net periodic pension benefit cost 144 279 1,032
Pension contributions (261) (1,651) (1,672)
Net gain on sales of assets, businesses and investments (81) (38) (419)
Restructuring, goodwill impairment and asset related charges - net 3,219 221 2,739
Other net loss 198 415 451
Accounts and notes receivable 1,253 (855) (11,431)
Inventories 668 (859) (891)
Accounts payable (948) 787 1,081
Other assets and liabilities, net (586) (731) (258)
Cash provided by (used for) operating activities - continuing operations 5,713 3,096 (6,443)
Cash provided by operating activities - discontinued operations 217 1,158 1,514
Cash provided by (used for) operating activities 5,930 4,254 (4,929)
Capital expenditures (1,961) (2,091) (2,807)
Investment in gas field developments (76) (114) (121)
Purchases of previously leased assets (9) (26) (187)
Proceeds from sales of property and businesses, net of cash divested 84 47 522
Acquisitions of property and businesses, net of cash acquired 0 (20) 47
Investments in and loans to nonconsolidated affiliates (638) (18) (749)
Distributions and loan repayments from nonconsolidated affiliates 89 55 69
Purchases of investments (899) (1,530) (642)
Proceeds from sales and maturities of investments 1,252 1,214 1,165
Proceeds from interests in trade accounts receivable conduits 0 657 9,462
Other investing activities, net 0 0 34
Cash provided by (used for) investing activities - continuing operations (2,158) (1,826) 6,793
Cash provided by (used for) investing activities - discontinued operations (34) (369) 725
Cash provided by (used for) investing activities (2,192) (2,195) 7,518
Changes in short-term notes payable 307 (178) 268
Proceeds from issuance of long-term debt 2,287 1,999 0
Payments on long-term debt (5,561) (3,054) (617)
Proceeds from issuance of parent company stock 93 112 66
Proceeds from sales of common stock 0 0 423
Transaction financing, debt issuance and other costs (119) (70) 0
Employee taxes paid for share-based payment arrangements (60) (77) (81)
Distributions to noncontrolling interests (77) (135) (101)
Purchases of noncontrolling interests (297) 0 0
Dividends paid to stockholders (1,550) 0 (2,179)
Dividends paid to parent (535) (3,711) (1,056)
Transfer of business under common control 1,935 (240) 6
Other financing activities, net 0 3 (4)
Cash used for financing activities - continuing operations (4,077) (5,351) (3,275)
Cash used for financing activities - discontinued operations (18) (53) (50)
Cash used for financing activities (4,095) (5,404) (3,325)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (27) (99) 320
Decrease in cash, cash equivalents and restricted cash (384) (3,444) (416)
Cash, cash equivalents and restricted cash at beginning of year 2,764 6,208 6,624
Cash, cash equivalents and restricted cash at end of year 2,380 2,764 6,208
Less: Restricted cash and cash equivalents, included in Other current assets 13 40 19
Cash and cash equivalents at end of year 2,367 2,724 6,189
The Dow Chemical Company      
Net income (loss) (1,150) 4,775 595
Income from discontinued operations, net of tax 445 1,835 1,882
Income (loss) from continuing operations, net of tax (1,595) 2,940 (1,287)
Depreciation and amortization 2,938 2,909 2,546
Provision (Credit) for deferred income tax (228) (429) 1,413
Earnings of nonconsolidated affiliates less than (in excess of) dividends received 1,114 108 253
Net periodic pension benefit cost 144 279 1,032
Pension contributions (261) (1,651) (1,672)
Net gain on sales of assets, businesses and investments (81) (38) (419)
Restructuring, goodwill impairment and asset related charges - net 3,219 221 2,739
Other net loss 213 415 451
Accounts and notes receivable 1,253 (855) (11,431)
Inventories 668 (859) (891)
Accounts payable (948) 787 1,081
Other assets and liabilities, net (730) (731) (258)
Cash provided by (used for) operating activities - continuing operations 5,706 3,096 (6,443)
Cash provided by operating activities - discontinued operations 371 1,158 1,514
Cash provided by (used for) operating activities 6,077 4,254 (4,929)
Capital expenditures (1,961) (2,091) (2,807)
Investment in gas field developments (76) (114) (121)
Purchases of previously leased assets (9) (26) (187)
Proceeds from sales of property and businesses, net of cash divested 84 47 522
Acquisitions of property and businesses, net of cash acquired 0 (20) 47
Investments in and loans to nonconsolidated affiliates (638) (18) (749)
Distributions and loan repayments from nonconsolidated affiliates 89 55 69
Purchases of investments (899) (1,530) (642)
Proceeds from sales and maturities of investments 1,252 1,214 1,165
Proceeds from interests in trade accounts receivable conduits 0 657 9,462
Other investing activities, net 0 0 34
Cash provided by (used for) investing activities - continuing operations (2,158) (1,826) 6,793
Cash provided by (used for) investing activities - discontinued operations (34) (369) 725
Cash provided by (used for) investing activities (2,192) (2,195) 7,518
Changes in short-term notes payable 307 (178) 268
Proceeds from issuance of long-term debt 2,287 1,999 0
Payments on long-term debt (5,561) (3,054) (617)
Proceeds from issuance of parent company stock 93 112 66
Proceeds from sales of common stock 0 0 423
Transaction financing, debt issuance and other costs (119) (70) 0
Employee taxes paid for share-based payment arrangements (60) (77) (81)
Distributions to noncontrolling interests (77) (135) (101)
Purchases of noncontrolling interests (297) 0 0
Dividends paid to stockholders 0 0 (2,179)
Transfer of business under common control (61) (240) 6
Other financing activities, net 0 3 (4)
Cash used for financing activities - continuing operations (4,224) (5,351) (3,275)
Cash used for financing activities - discontinued operations (18) (53) (50)
Cash used for financing activities (4,242) (5,404) (3,325)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (27) (99) 320
Cash, cash equivalents and restricted cash at beginning of year 2,764 6,208 6,624
Cash, cash equivalents and restricted cash at end of year 2,380 2,764 6,208
Less: Restricted cash and cash equivalents, included in Other current assets 13 40 19
Cash and cash equivalents at end of year 2,367 2,724 6,189
DowDuPont | The Dow Chemical Company      
Dividends paid to parent (535) (3,711) (1,056)
Dow Inc. [Member] | The Dow Chemical Company      
Dividends paid to parent $ (201) $ 0 $ 0