EARNINGS PER SHARE (Notes)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER SHARE CALCULATIONS

The following tables provide earnings per share calculations of Dow Inc. for the years ended December 31, 2021, 2020 and 2019. In accordance with the accounting guidance for earnings per share, earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries.

Net Income (Loss) for Earnings Per Share Calculations	2021		2020		2019
In millions
Income (loss) from continuing operations, net of tax	$	6,405	$	1,294	$	(1,717)
Net income attributable to noncontrolling interests - continuing operations	(94)		(69)		(74)
Net income attributable to participating securities - continuing operations 1	(32)		(9)		(6)
Income (loss) from continuing operations attributable to common stockholders	$	6,279	$	1,216	$	(1,797)
Income from discontinued operations, net of tax	$	—	$	—	$	445
Net income attributable to noncontrolling interests - discontinued operations	—		—		(13)
Income from discontinued operations attributable to common stockholders	$	—	$	—	$	432
Net income (loss) attributable to common stockholders	$	6,279	$	1,216	$	(1,365)

Earnings (Loss) Per Share Calculations - Basic	2021		2020		2019
Dollars per share
Income (loss) from continuing operations attributable to common stockholders	$	8.44	$	1.64	$	(2.42)
Income from discontinued operations, net of tax	—		—		0.58
Net income (loss) attributable to common stockholders	$	8.44	$	1.64	$	(1.84)

Earnings (Loss) Per Share Calculations - Diluted	2021		2020		2019
Dollars per share
Income (loss) from continuing operations attributable to common stockholders	$	8.38	$	1.64	$	(2.42)
Income from discontinued operations, net of tax	—		—		0.58
Net income (loss) attributable to common stockholders	$	8.38	$	1.64	$	(1.84)

Share Count Information	2021	2020	2019
Shares in millions
Weighted-average common shares outstanding - basic	743.6	740.5	742.5
Plus dilutive effect of equity compensation plans 2	5.4	1.8	—
Weighted-average common shares outstanding - diluted 2	749.0	742.3	742.5
Stock options and restricted stock units excluded from EPS calculations 3	5.8	14.2	20.8

1.Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares.

2.The year ended December 31, 2019 reflected a loss from continuing operations, and as such, the basic share count was used for purposes of calculating earnings per share on a diluted basis.

3.These outstanding options to purchase shares of common stock and restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.