SEGMENTS AND GEOGRAPHIC REGIONS (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Segment Information	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Corp.		Total
In millions
Three months ended Mar 31, 2021
Net sales	$	6,082	$	3,607	$	2,123	$	70	$	11,882
Equity in earnings of nonconsolidated affiliates	$	106	$	115	$	2	$	1	$	224
Dow Inc. Operating EBIT 1	$	1,228	$	326	$	62	$	(62)	$	1,554
Three months ended Mar 31, 2020
Net sales	$	4,609	$	3,045	$	2,065	$	51	$	9,770
Equity in earnings (losses) of nonconsolidated affiliates	$	5	$	(76)	$	1	$	(19)	$	(89)
Dow Inc. Operating EBIT 1	$	580	$	175	$	162	$	(74)	$	843

1.Operating EBIT for TDCC for the three months ended March 31, 2021 and 2020 is substantially the same as that of Dow Inc. and therefore has not been disclosed separately in the table above. A reconciliation of "Net income" to Operating EBIT is provided below.

Reconciliation of income from continuing operations, net of tax to Operating EBIT [Table Text Block]

Reconciliation of "Net income" to Operating EBIT	Three Months Ended
In millions	Mar 31, 2021		Mar 31, 2020
Net income	$	1,006	$	258
+ Provision for income taxes	317		138
Income before income taxes	$	1,323	$	396
- Interest income	8		15
+ Interest expense and amortization of debt discount	196		215
- Significant items	(43)		(247)
Operating EBIT	$	1,554	$	843

Schedule of significant items [Table Text Block]

The following tables summarize the pretax impact of significant items by segment excluded from Operating EBIT:

Significant Items by Segment	Three Months Ended Mar 31, 2021
	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Mat. & Coatings		Corp.		Total
In millions
Restructuring implementation costs 1	$	—	$	—	$	—	$	(10)	$	(10)
Digitalization program costs 2	—		—		—		(33)		(33)
Total	$	—	$	—	$	—	$	(43)	$	(43)

1.Includes costs associated with implementing the Company's 2020 Restructuring Program.

2.Includes costs associated with implementing the Company's digital acceleration program.

Significant Items by Segment	Three Months Ended Mar 31, 2020
	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Mat. & Coatings		Corp.		Total
In millions
Integration and separation costs 1	$	—	$	—	$	—	$	(65)	$	(65)
Restructuring and asset related charges - net 2	(6)		—		—		(90)		(96)
Loss on early extinguishment of debt 3	—		—		—		(86)		(86)
Total	$	(6)	$	—	$	—	$	(241)	$	(247)

1.Costs related to business separation activities.

2.Includes Board approved restructuring plans and asset related charges, which include other asset impairments. See Note 5 for additional information.

3.The Company retired outstanding long-term debt resulting in a loss on early extinguishment. See Note 11 for additional information.