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Dow Consolidated Statements of Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 15,664 $ 13,885 $ 30,928 $ 25,767
Cost of sales 12,899 10,740 25,301 20,802
Research and development expenses 217 228 435 422
Selling, general and administrative expenses 435 440 933 806
Amortization of intangibles 85 100 173 201
Restructuring and asset related charges - net 0 22 186 22
Equity in earnings of nonconsolidated affiliates 195 278 369 502
Sundry income (expense) - net 75 (3) 223 125
Interest income 36 13 64 21
Interest expense and amortization of debt discount 165 187 332 383
Income before income taxes 2,169 2,456 4,224 3,779
Provision for income taxes 488 524 991 841
Net income 1,681 1,932 3,233 2,938
Net income attributable to noncontrolling interests 20 31 3 46
Net income available for The Dow Chemical Company common stockholder $ 1,661 $ 1,901 $ 3,230 $ 2,892
Earnings per common share - basic $ 2.28 $ 2.53 $ 4.40 $ 3.86
Earnings per common share - diluted $ 2.26 $ 2.51 $ 4.37 $ 3.83
Weighted-average common shares outstanding - basic 725.7 747.0 730.2 745.9
Weighted-average common shares outstanding - diluted 731.5 752.9 735.6 751.4