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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net sales $ 8,354 $ 11,014 $ 18,124 $ 21,983
Cost of sales 7,610 9,420 15,840 18,562
Research and development expenses 182 208 361 398
Selling, general and administrative expenses 357 422 691 870
Amortization of intangibles 100 104 200 220
Restructuring and asset related charges - net 6 65 102 221
Integration and separation costs 46   111  
Equity in losses of nonconsolidated affiliates (95) (15) (184) (29)
Sundry income (expense) - net 53 (1) (28) 68
Interest income 6 21 21 39
Interest expense and amortization of debt discount 200 237 415 478
Income (loss) from continuing operations before income taxes (183) 215 213 512
Provision for income taxes on continuing operations 34 125 172 266
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent (217) 90 41 246
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 0 0 445
Net income (loss) (217) 90 41 691
Net income attributable to noncontrolling interests 8 15 27 60
Net income (loss) available for The Dow Chemical Company common stockholder (225) 75 14 631
Depreciation 517 538 1,032 1,081
Capital expenditures 273 470 668 912
The Dow Chemical Company [Domain]        
Net sales 8,354 11,014 18,124 21,983
Cost of sales 7,608 9,419 15,838 18,561
Research and development expenses 182 208 361 398
Selling, general and administrative expenses 356 418 690 866
Amortization of intangibles 100 104 200 220
Restructuring and asset related charges - net 6 65 102 221
Integration and separation costs 46 324 111 776
Equity in losses of nonconsolidated affiliates (95) (15) (184) (29)
Sundry income (expense) - net 51 109 (31) 178
Interest income 5 21 21 39
Interest expense and amortization of debt discount 200 249 415 490
Income (loss) from continuing operations before income taxes (183) 342 213 639
Provision for income taxes on continuing operations 34 125 172 266
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent (217) 217 41 373
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 0 0 445
Net income (loss) (217) 217 41 818
Net income attributable to noncontrolling interests 8 15 27 60
Net income (loss) available for The Dow Chemical Company common stockholder (225) 202 14 758
Depreciation 517 538 1,032 1,081
Capital expenditures $ 273 $ 470 $ 668 $ 912