RELATED PARTY TRANSACTIONS (Notes)

12 Months Ended

Dec. 31, 2022

TDCC has committed to fund Dow Inc.'s dividends paid to common stockholders and share repurchases, as approved by the Dow Inc. Board from time to time, as well as certain governance expenses. Funding is accomplished through intercompany loans. TDCC's Board reviews and determines a dividend distribution to Dow Inc. to settle the intercompany loans. The following table summarizes cash dividends TDCC declared and paid to Dow Inc. for the years ended 2022, 2021 and 2020.


TDCC Cash Dividends Declared and Paid	2022		2021		2020
In millions	2022		2021		2020
Cash dividends declared and paid	$	4,375	$	3,264	$	2,233

At December 31, 2022 and 2021, TDCC's intercompany loan balance with Dow Inc. was insignificant.