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TDCC Consolidated Statements of Income Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net sales $ 42,951 $ 49,604 $ 43,730
Cost of sales 36,657 41,074 36,350
Research and development expenses 765 800 803
Selling, general and administrative expenses 1,590 1,782 1,795
Amortization of intangibles 419 469 400
Restructuring, goodwill impairment and asset related charges - net 3,219 221 2,739
Integration and separation costs 2 1,063 1,179 798
Equity in earnings (losses) of nonconsolidated affiliates (94) 555 394
Sundry income (expense) - net 461 96 (154)
Interest income 81 82 66
Interest expense and amortization of debt discount 933 1,063 914
Income (loss) from continuing operations before income taxes (1,247) 3,749 237
Provision for income taxes on continuing operations 470 809 1,524
Income (loss) from continuing operations, net of tax (1,717) 2,940 (1,287)
Income from discontinued operations, net of tax 445 1,835 1,882
Net income (loss) (1,272) 4,775 595
Net income attributable to noncontrolling interests 87 134 130
Net income (loss) available for The Dow Chemical Company common stockholder (1,359) 4,641 465
The Dow Chemical Company      
Net sales 42,951 49,604 43,730
Cost of sales 36,657 41,074 36,350
Research and development expenses 765 800 803
Selling, general and administrative expenses 1,585 1,782 1,795
Amortization of intangibles 419 469 400
Restructuring, goodwill impairment and asset related charges - net 3,219 221 2,739
Integration and separation costs 2 1,039 1,179 798
Equity in earnings (losses) of nonconsolidated affiliates (94) 555 394
Sundry income (expense) - net 573 96 (154)
Interest income 81 82 66
Interest expense and amortization of debt discount 952 1,063 914
Income (loss) from continuing operations before income taxes (1,125) 3,749 237
Provision for income taxes on continuing operations 470 809 1,524
Income (loss) from continuing operations, net of tax (1,595) 2,940 (1,287)
Income from discontinued operations, net of tax 445 1,835 1,882
Net income (loss) (1,150) 4,775 595
Net income attributable to noncontrolling interests 87 134 130
Net income (loss) available for The Dow Chemical Company common stockholder $ (1,237) $ 4,641 $ 465