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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales $ 14,115 $ 14,837 $ 45,043 $ 40,604
Cost of sales 12,381 11,611 37,682 32,413
Research and development expenses 191 210 626 632
Selling, general and administrative expenses 356 403 1,289 1,209
Amortization of intangibles 83 100 256 301
Restructuring and asset related charges - net 0 0 186 22
Equity in earnings (losses) of nonconsolidated affiliates (58) 249 311 751
Sundry income (expense) - net 69 (350) 292 (225)
Interest income 41 14 105 35
Interest expense and amortization of debt discount 155 178 487 561
Income before income taxes 1,001 2,248 5,225 6,027
Provision for income taxes 241 542 1,232 1,383
Net income 760 1,706 3,993 4,644
Net income attributable to noncontrolling interests 21 23 24 69
Net income available for The Dow Chemical Company common stockholder 739 1,683 3,969 4,575
The Dow Chemical Company        
Net sales 14,115 14,837 45,043 40,604
Cost of sales 12,379 11,610 37,676 32,410
Research and development expenses 191 210 626 632
Selling, general and administrative expenses 357 403 1,289 1,209
Amortization of intangibles 83 100 256 301
Restructuring and asset related charges - net 0 0 186 22
Equity in earnings (losses) of nonconsolidated affiliates (58) 249 311 751
Sundry income (expense) - net 73 (356) 287 (231)
Interest income 45 15 111 36
Interest expense and amortization of debt discount 155 178 487 561
Income before income taxes 1,010 2,244 5,232 6,025
Provision for income taxes 242 542 1,233 1,380
Net income 768 1,702 3,999 4,645
Net income attributable to noncontrolling interests 21 23 24 69
Net income available for The Dow Chemical Company common stockholder $ 747 $ 1,679 $ 3,975 $ 4,576