REVENUE (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

Dow disaggregates its revenue from contracts with customers by operating segment and business, as the Company believes it best depicts the nature, amount, timing and uncertainty of its revenue and cash flows. See details in the tables below:

Net Trade Sales by Segment and Business	2022		2021		2020
In millions
Hydrocarbons & Energy	$	9,414	$	8,149	$	4,271
Packaging and Specialty Plastics	19,846		19,979		14,030
Packaging & Specialty Plastics	$	29,260	$	28,128	$	18,301
Industrial Solutions	$	5,682	$	5,139	$	3,929
Polyurethanes & Construction Chemicals	10,907		11,700		8,080
Others	17		12		12
Industrial Intermediates & Infrastructure	$	16,606	$	16,851	$	12,021
Coatings & Performance Monomers	$	4,051	$	4,050	$	3,258
Consumer Solutions	6,713		5,622		4,693
Performance Materials & Coatings	$	10,764	$	9,672	$	7,951
Corporate	$	272	$	317	$	269
Total	$	56,902	$	54,968	$	38,542

Net Trade Sales by Geographic Region	2022		2021		2020
In millions
U.S. & Canada	$	20,945	$	19,613	$	13,582
EMEAI 1	19,631		19,746		12,969
Asia Pacific	10,344		10,043		8,165
Latin America	5,982		5,566		3,826
Total	$	56,902	$	54,968	$	38,542

1.Europe, Middle East, Africa and India.

Contract with Customer, Asset and Liability

The following table summarizes the contract assets and liabilities at December 31, 2022 and 2021:

Contract Assets and Liabilities at Dec 31	Balance Sheet Classification	2022		2021
In millions
Accounts and notes receivable - trade	Accounts and notes receivable - trade	$	5,611	$	6,841
Contract assets - current	Other current assets	$	48	$	34
Contract assets - noncurrent	Deferred charges and other assets	$	16	$	26
Contract liabilities - current 1	Accrued and other current liabilities	$	275	$	209
Contract liabilities - noncurrent 2	Other noncurrent obligations	$	1,725	$	1,925

1.The increase from December 31, 2021 to December 31, 2022 was due to the reclassification of deferred royalty payments from noncurrent to current.

2.The decrease from December 31, 2021 to December 31, 2022 was due to the recognition of revenue on long-term product supply agreements and the reclassification of deferred royalty payments from noncurrent to current.