EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following tables provide earnings per share calculations for Dow Inc. for the three and six months ended June 30, 2023 and 2022. Earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries.

Net Income for Earnings Per Share Calculations	Three Months Ended				Six Months Ended
In millions	Jun 30, 2023		Jun 30, 2022		Jun 30, 2023		Jun 30, 2022
Net income	$	501	$	1,681	$	428	$	3,233
Net income attributable to noncontrolling interests	16		20		36		3
Net income attributable to participating securities 1	3		9		6		17
Net income attributable to common stockholders	$	482	$	1,652	$	386	$	3,213

Earnings Per Share - Basic and Diluted	Three Months Ended				Six Months Ended
Dollars per share	Jun 30, 2023		Jun 30, 2022		Jun 30, 2023		Jun 30, 2022
Earnings per common share - basic	$	0.68	$	2.28	$	0.55	$	4.40
Earnings per common share - diluted	$	0.68	$	2.26	$	0.54	$	4.37

Share Count Information	Three Months Ended		Six Months Ended
Shares in millions	Jun 30, 2023	Jun 30, 2022	Jun 30, 2023	Jun 30, 2022
Weighted-average common shares outstanding - basic	707.0	725.7	707.6	730.2
Plus dilutive effect of equity compensation plans	2.9	5.8	3.1	5.4
Weighted-average common shares outstanding - diluted	709.9	731.5	710.7	735.6
Stock options and restricted stock units excluded from EPS calculations 2	12.3	4.0	10.0	5.4

1.Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares.

2.These outstanding options to purchase shares of common stock and restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.