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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents (variable interest entities restricted - 2019: $37; 2018: $71) $ 2,367 $ 2,724
Marketable securities 21 100
Accounts and notes receivable:    
Trade (net of allowance for doubtful receivables - 2019: $45; 2018: $42) 4,844 5,646
Other 2,711 3,389
Inventories 6,214 6,899
Other current assets 658 712
Assets of discontinued operations - current 0 19,900
Total current assets 16,815 39,370
Investments    
Investment in nonconsolidated affiliates 1,404 3,320
Other investments (investments carried at fair value - 2019: $1,584; 2018: $1,699) 2,588 2,646
Noncurrent receivables 1,063 360
Total investments 5,055 6,326
Property    
Property 54,910 53,984
Less accumulated depreciation 33,914 32,566
Net property (variable interest entities restricted - 2019: $330; 2018: $683) 20,996 21,418
Other Assets    
Goodwill 8,796 9,846
Other intangible assets (net of accumulated amortization - 2019: $3,886; 2018: $3,379) 3,759 4,225
Operating lease right-of-use assets 2,072 0
Deferred income tax assets 2,213 1,779
Deferred charges and other assets 818 735
Total other assets 17,658 16,585
Total Assets 60,524 83,699
Current Liabilities    
Notes payable 586 298
Long-term debt due within one year 435 338
Accounts payable:    
Trade 3,889 4,456
Other 2,064 2,479
Operating lease liabilities - current 421 0
Income taxes payable 522 557
Accrued and other current liabilities 2,762 2,931
Liabilities of discontinued operations - current 0 4,488
Total current liabilities 10,679 15,547
Long-Term Debt (variable interest entities nonrecourse - 2019: $34; 2018: $75) 15,975 19,253
Other Noncurrent Liabilities    
Deferred income tax liabilities 347 501
Pension and other postretirement benefits - noncurrent 10,083 8,926
Asbestos-related liabilities - noncurrent 1,060 1,142
Operating lease liabilities - noncurrent 1,739 0
Other noncurrent obligations 6,547 4,709
Total other noncurrent liabilities 19,776 15,278
Stockholders’ Equity    
Common stock (2019: authorized 5,000,000,000 shares and issued 751,228,644 shares of $0.01 par value each; 2018: authorized and issued 100 shares of $0.01 par value each) 8 0
Additional paid-in capital 7,325 7,042
Retained earnings 17,045 35,460
Accumulated other comprehensive loss (10,246) (9,885)
Unearned ESOP shares (91) (134)
Treasury stock at cost (2019: 9,729,834 shares; 2018: zero shares) (500) 0
Dow Inc.’s stockholders’ equity 13,541 32,483
Noncontrolling interests 553 1,138
Total equity 14,094 33,621
Total Liabilities and Equity $ 60,524 $ 83,699