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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
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
The Dow Chemical Company        
Net sales 15,664 13,885 30,928 25,767
Cost of sales 12,899 10,739 25,297 20,800
Research and development expenses 217 228 435 422
Selling, general and administrative expenses 434 440 932 806
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 78 6 214 125
Interest income 38 13 66 21
Interest expense and amortization of debt discount 165 187 332 383
Income before income taxes 2,175 2,466 4,222 3,781
Provision for income taxes 488 521 991 838
Net income 1,687 1,945 3,231 2,943
Net income attributable to noncontrolling interests 20 31 3 46
Net income available for The Dow Chemical Company common stockholder $ 1,667 $ 1,914 $ 3,228 $ 2,897