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Dow Consolidated Statements of Cash Flows Statement - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Cash Flows [Abstract]    
Net income (loss) $ (73) $ 1,552
Depreciation and amortization 648 752
Provision (credit) for deferred income tax (418) 253
Earnings of nonconsolidated affiliates less than dividends received 102 374
Net periodic pension benefit cost (credit) (23) 7
Pension contributions (41) (55)
Net gain on sales of assets, businesses and investments (49) (6)
Restructuring and asset related charges - net 541 186
Other net loss 347 140
Accounts and notes receivable (68) (741)
Inventories 163 (443)
Accounts payable (631) 86
Other assets and liabilities, net 33 (493)
Cash provided by operating activities - continuing operations 531 1,612
Cash provided by (used for) operating activities - discontinued operations 4 (9)
Cash provided by operating activities 535 1,603
Capital expenditures (440) (315)
Investment in gas field developments (55) (37)
Purchases of previously leased assets (2) (2)
Proceeds from sales of property, businesses and consolidated companies, net of cash divested 57 4
Acquisitions of property and businesses, net of cash acquired (23) 0
Investments in and loans to nonconsolidated affiliates 0 (6)
Distributions and loan repayments from nonconsolidated affiliates 1 0
Proceeds from sales of ownership interests in nonconsolidated affiliates 0 11
Purchases of investments (165) (148)
Proceeds from sales and maturities of investments 512 141
Other investing activities, net (35) (15)
Cash used for investing activities (150) (367)
Changes in short-term notes payable (91) (21)
Payments on short-term debt greater than three months 0 (14)
Proceeds from issuance of long-term debt 13 16
Payments on long-term debt (156) (25)
Collections on securitization programs 0 141
Purchases of treasury stock (125) (600)
Proceeds from issuance of stock 55 35
Employee taxes paid for share-based payment arrangements (41) (35)
Distributions to noncontrolling interests (13) (1)
Dividends paid to stockholders (496) (513)
Cash used for financing activities (854) (1,017)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (41) (45)
Increase (decrease) in cash, cash equivalents and restricted cash (510) 174
Cash, cash equivalents and restricted cash at beginning of period 3,940 3,033
Cash, cash equivalents and restricted cash at end of period 3,430 3,207
Less: Restricted cash and cash equivalents, included in "Other current assets" 111 64
Cash and cash equivalents and end of period $ 3,319 $ 3,143