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TDCC Consolidated Statements of Income Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Net sales $ 54,968 $ 38,542 $ 42,951
Cost of sales 44,191 33,346 36,657
Research and development expenses 857 768 765
Selling, general and administrative expenses 1,645 1,471 1,590
Amortization of intangibles 388 401 419
Restructuring, goodwill impairment and asset related charges - net 6 708 3,219
Business Combination, Integration And Separation Related Costs 0 239 1,063
Equity in earnings (losses) of nonconsolidated affiliates 975 (18) (94)
Sundry income (expense) - net (35) 1,269 461
Interest income 55 38 81
Interest expense and amortization of debt discount 731 827 933
Income (loss) from continuing operations before income taxes 8,145 2,071 (1,247)
Provision for income taxes on continuing operations 1,740 777 470
Income (loss) from continuing operations, net of tax 6,405 1,294 (1,717)
Income from discontinued operations, net of tax 0 0 445
Net income (loss) 6,405 1,294 (1,272)
Net income attributable to noncontrolling interests 94 69 87
Net income (loss) available for The Dow Chemical Company common stockholder 6,311 1,225 (1,359)
The Dow Chemical Company      
Net sales 54,968 38,542 42,951
Cost of sales 44,187 33,343 36,657
Research and development expenses 857 768 765
Selling, general and administrative expenses 1,645 1,471 1,585
Amortization of intangibles 388 401 419
Restructuring, goodwill impairment and asset related charges - net 6 708 3,219
Business Combination, Integration And Separation Related Costs 0 239 1,039
Equity in earnings (losses) of nonconsolidated affiliates 975 (18) (94)
Sundry income (expense) - net (79) 1,274 573
Interest income 56 40 81
Interest expense and amortization of debt discount 731 827 952
Income (loss) from continuing operations before income taxes 8,106 2,081 (1,125)
Provision for income taxes on continuing operations 1,738 777 470
Income (loss) from continuing operations, net of tax 6,368 1,304 (1,595)
Income from discontinued operations, net of tax 0 0 445
Net income (loss) 6,368 1,304 (1,150)
Net income attributable to noncontrolling interests 94 69 87
Net income (loss) available for The Dow Chemical Company common stockholder $ 6,274 $ 1,235 $ (1,237)