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TDCC Consolidated Statements of Cash Flows Statement
$ in Millions
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Net income (loss) $ 6,405 $ 1,294 $ (1,272)
Income from discontinued operations, net of tax 0 0 445
Income from continuing operations, net of tax 6,405 1,294 (1,717)
Depreciation and amortization 2,842 2,874 2,938
Provision (Credit) for deferred income tax 278 258 (228)
Earnings of nonconsolidated affiliates less than (in excess of) dividends received (651) 443 1,114
Net periodic pension benefit cost 39 266 144
Pension contributions (1,219) (299) (261)
Net gain on sales of assets, businesses and investments (105) (802) (81)
Restructuring, goodwill impairment and asset related charges - net 6 708 3,219
Other net loss 921 318 198
Accounts and notes receivable (2,132) 171 1,253
Inventories (1,768) 515 668
Accounts payable 2,458 (84) (948)
Other assets and liabilities, net (5) 590 (586)
Cash provided by operating activities - continuing operations 7,069 6,252 5,713
Cash provided by (used for) operating activities - discontinued operations (60) (26) 217
Cash provided by (used for) operating activities 7,009 6,226 5,930
Capital expenditures (1,501) (1,252) (1,961)
Investment in gas field developments (92) (5) (76)
Purchases of previously leased assets (694) (5) (9)
Proceeds from sales of property and businesses, net of cash divested 68 929 84
Acquisitions of property and businesses, net of cash acquired (129) (130) 0
Investments in and loans to nonconsolidated affiliates 0 (333) (638)
Distributions and loan repayments from nonconsolidated affiliates 51 7 89
Purchases of investments (1,366) (1,203) (899)
Proceeds from sales and maturities of investments 759 1,122 1,252
Other investing activities, net (10) 29 0
Cash used for investing activities - continuing operations (2,914) (841) (2,158)
Cash used for investing activities - discontinued operations 0 0 (34)
Cash provided by (used for) investing activities (2,914) (841) (2,192)
Changes in short-term notes payable (48) (431) 307
Proceeds from Short-term Debt, Maturing in More than Three Months 144 163 0
Repayments of Short-term Debt, Maturing in More than Three Months (130) (163) 0
Proceeds from issuance of long-term debt 109 4,672 2,287
Payments on long-term debt (2,771) (4,653) (5,561)
Proceeds from issuance of parent company stock 320 108 93
Transaction financing, debt issuance and other costs (537) (175) (119)
Employee taxes paid for share-based payment arrangements (12) (27) (60)
Distributions to noncontrolling interests (73) (62) (77)
Purchases of noncontrolling interests 0 0 (297)
Dividends paid to Dow Inc. 2,073 2,071 1,550
Transfer of business under common control 0 0 (1,935)
Cash used for financing activities - continuing operations (6,071) (2,764) (4,077)
Cash used for financing activities - discontinued operations 0 0 (18)
Cash used for financing activities (6,071) (2,764) (4,095)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (99) 107 (27)
Decrease in cash, cash equivalents and restricted cash (2,075) 2,728 (384)
Cash, cash equivalents and restricted cash at beginning of year 5,108 2,380 2,764
Cash, cash equivalents and restricted cash at end of year 3,033 5,108 2,380
Less: Restricted cash and cash equivalents, included in Other current assets 45 4 13
Cash and cash equivalents at end of year 2,988 5,104 2,367
The Dow Chemical Company      
Net income (loss) 6,368 1,304 (1,150)
Income from discontinued operations, net of tax 0 0 445
Income from continuing operations, net of tax 6,368 1,304 (1,595)
Depreciation and amortization 2,842 2,874 2,938
Provision (Credit) for deferred income tax 278 258 (228)
Earnings of nonconsolidated affiliates less than (in excess of) dividends received (651) 443 1,114
Net periodic pension benefit cost 39 266 144
Pension contributions (1,219) (299) (261)
Net gain on sales of assets, businesses and investments (105) (802) (81)
Restructuring, goodwill impairment and asset related charges - net 6 708 3,219
Other net loss 927 320 213
Accounts and notes receivable (2,132) 171 1,253
Inventories (1,768) 515 668
Accounts payable 2,458 (84) (948)
Other assets and liabilities, net 157 589 (730)
Cash provided by operating activities - continuing operations 7,200 6,263 5,706
Cash provided by (used for) operating activities - discontinued operations 0 0 371
Cash provided by (used for) operating activities 7,200 6,263 6,077
Capital expenditures (1,501) (1,252) (1,961)
Investment in gas field developments (92) (5) (76)
Purchases of previously leased assets (694) (5) (9)
Proceeds from sales of property and businesses, net of cash divested 68 929 84
Acquisitions of property and businesses, net of cash acquired (129) (130) 0
Investments in and loans to nonconsolidated affiliates 0 (333) (638)
Distributions and loan repayments from nonconsolidated affiliates 51 7 89
Purchases of investments (1,366) (1,203) (899)
Proceeds from sales and maturities of investments 759 1,122 1,252
Other investing activities, net (10) 29 0
Cash used for investing activities - continuing operations (2,914) (841) (2,158)
Cash used for investing activities - discontinued operations 0 0 (34)
Cash provided by (used for) investing activities (2,914) (841) (2,192)
Changes in short-term notes payable (48) (431) 307
Proceeds from Short-term Debt, Maturing in More than Three Months 144 163 0
Repayments of Short-term Debt, Maturing in More than Three Months (130) (163) 0
Proceeds from issuance of long-term debt 109 4,672 2,287
Payments on long-term debt (2,771) (4,653) (5,561)
Proceeds from issuance of parent company stock 320 108 93
Transaction financing, debt issuance and other costs (537) (175) (119)
Employee taxes paid for share-based payment arrangements (12) (27) (60)
Distributions to noncontrolling interests (73) (62) (77)
Purchases of noncontrolling interests 0 0 (297)
Dividends paid to Dow Inc. 3,264 2,233 201
Dividends paid to DowDuPont Inc. 0 0 535
Transfer of business under common control 0 0 (61)
Cash used for financing activities - continuing operations (6,262) (2,801) (4,224)
Cash used for financing activities - discontinued operations 0 0 (18)
Cash used for financing activities (6,262) (2,801) (4,242)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (99) 107 (27)
Decrease in cash, cash equivalents and restricted cash (2,075) 2,728 (384)
Cash, cash equivalents and restricted cash at beginning of year 5,108 2,380 2,764
Cash, cash equivalents and restricted cash at end of year 3,033 5,108 2,380
Less: Restricted cash and cash equivalents, included in Other current assets 45 4 13
Cash and cash equivalents at end of year 2,988 5,104 2,367
DowDuPont      
Dividends paid to DowDuPont Inc. 0 0 535
DowDuPont | The Dow Chemical Company      
Dividends paid to DowDuPont Inc.     535
Dow Inc. [Member] | The Dow Chemical Company      
Dividends paid to DowDuPont Inc. $ 3,264 $ 2,233 $ 201