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TDCC Consolidated Statements of Cash Flows Statement - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net income $ 40 $ 1,038
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 445
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 40 593
Depreciation and amortization 2,148 2,225
Credit for deferred income tax (198) (146)
Earnings of nonconsolidated affiliates less than dividends received (515) (927)
Net periodic pension benefit cost 195 101
Pension contributions (188) (206)
Net gain on sales of assets, businesses and investments 283 48
Restructuring and asset related charges - net 719 368
Other net loss (288) (143)
Accounts and notes receivable (339) (994)
Inventories (587) (483)
Accounts payable (560) (926)
Other assets and liabilities, net (994) 715
Cash provided by operating activities - continuing operations 4,596 3,793
Cash provided by operating activities - discontinued operations 0 187
Cash provided by operating activities 4,596 3,980
Capital expenditures (955) (1,384)
Investment in gas field developments (5) (71)
Payments to Acquire Equipment on Lease (4) (9)
Proceeds from sales of property and businesses, net of cash divested 295 47
Payments to Acquire Businesses, Net of Cash Acquired (130) 0
Investments in and loans to nonconsolidated affiliates (280) (333)
Distributions and loan repayments from nonconsolidated affiliates 7 0
Purchases of investments (582) (784)
Proceeds from sales and maturities of investments 1,009 973
Payments for (Proceeds from) Other Investing Activities 29 0
Cash used for investing activities - continuing operations (616) (1,561)
Cash used for investing activities - discontinued operations 0 (34)
Cash used for investing activities (616) (1,595)
Changes in short-term notes payable (267) 149
Proceeds from Short-term Debt, Maturing in More than Three Months 163 0
Repayments of Short-term Debt, Maturing in More than Three Months (163) 0
Proceeds from issuance of long-term debt 4,649 2,146
Payments on long-term debt (4,347) (4,271)
Proceeds from issuance of stock 53 39
Transaction financing, debt issuance and other costs (175) (61)
Employee taxes paid for share-based payment arrangements (26) (54)
Distributions to noncontrolling interests (19) (16)
Payments to Noncontrolling Interests 0 (131)
Payments of Ordinary Dividends (1,552) (1,033)
Dividends paid to DowDuPont Inc. 0 (535)
Settlements and transfers related to separation from DowDuPont Inc. 0 (1,935)
Cash used for financing activities - continuing operations (1,809) (2,238)
Cash used for financing activities - discontinued operations 0 (18)
Cash used for financing activities (1,809) (2,256)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4 (54)
Increase in cash, cash equivalents and restricted cash 2,175 75
Cash, cash equivalents and restricted cash at beginning of period 2,380 2,764
Cash, cash equivalents and restricted cash at end of period 4,555 2,839
Less: Restricted cash and cash equivalents, included in "Other current assets" 6 16
Cash and cash equivalents at end of period 4,549 2,823
The Dow Chemical Company [Domain]    
Net income 40 1,142
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent 0 445
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 40 697
Depreciation and amortization 2,148 2,225
Credit for deferred income tax (198) (146)
Earnings of nonconsolidated affiliates less than dividends received 515 927
Net periodic pension benefit cost 195 101
Pension contributions (188) (206)
Net gain on sales of assets, businesses and investments (283) (48)
Restructuring and asset related charges - net 719 368
Other net loss 291 157
Accounts and notes receivable 339 994
Inventories 587 483
Accounts payable (560) (926)
Other assets and liabilities, net 999 (860)
Cash provided by operating activities - continuing operations 4,604 3,766
Cash provided by operating activities - discontinued operations 0 371
Cash provided by operating activities 4,604 4,137
Capital expenditures (955) (1,384)
Investment in gas field developments (5) (71)
Payments to Acquire Equipment on Lease (4) (9)
Proceeds from sales of property and businesses, net of cash divested 295 47
Payments to Acquire Businesses, Net of Cash Acquired (130) 0
Investments in and loans to nonconsolidated affiliates (280) (333)
Distributions and loan repayments from nonconsolidated affiliates 7 0
Purchases of investments (582) (784)
Proceeds from sales and maturities of investments 1,009 973
Payments for (Proceeds from) Other Investing Activities 29 0
Cash used for investing activities - continuing operations (616) (1,561)
Cash used for investing activities - discontinued operations 0 (34)
Cash used for investing activities (616) (1,595)
Changes in short-term notes payable (267) 149
Proceeds from Short-term Debt, Maturing in More than Three Months 163 0
Repayments of Short-term Debt, Maturing in More than Three Months (163) 0
Changes in notes payable with Dow Inc. 0 400
Proceeds from issuance of long-term debt 4,649 2,146
Payments on long-term debt (4,347) (4,271)
Proceeds from issuance of stock 53 39
Transaction financing, debt issuance and other costs (175) (61)
Employee taxes paid for share-based payment arrangements (26) (54)
Distributions to noncontrolling interests (19) (16)
Payments to Noncontrolling Interests 0 (131)
Payments of Ordinary Dividends (1,685) 0
Dividends paid to DowDuPont Inc. 0 (535)
Settlements and transfers related to separation from DowDuPont Inc. 0 (61)
Cash used for financing activities - continuing operations (1,817) (2,395)
Cash used for financing activities - discontinued operations 0 (18)
Cash used for financing activities (1,817) (2,413)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4 (54)
Increase in cash, cash equivalents and restricted cash 2,175 75
Cash, cash equivalents and restricted cash at beginning of period 2,380 2,764
Cash, cash equivalents and restricted cash at end of period 4,555 2,839
Less: Restricted cash and cash equivalents, included in "Other current assets" 6 16
Cash and cash equivalents at end of period $ 4,549 $ 2,823