XML 32 R20.htm IDEA: XBRL DOCUMENT v3.23.3
SUPPLEMENTARY INFORMATION (Notes)
 9 Months Ended
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Information Disclosure [Text Block] SUPPLEMENTARY INFORMATION
Dow Inc. Sundry Income (Expense) – NetThree Months EndedNine Months Ended
In millionsSep 30, 2023Sep 30, 2022Sep 30, 2023Sep 30, 2022
Non-operating pension and other postretirement benefit plan net credits 1
$97 $89 $290 $267 
Foreign exchange losses 2
(39)(31)(236)(46)
Gain on sales of other assets and investments 3
— 10 74 53 
Asset impairments and related costs 4
— — (18)— 
Indemnification and other transaction related costs 5
21 (7)17 (3)
Loss on early extinguishment of debt— — — (8)
Other - net13 8 75 29 
Total sundry income (expense) – net$92 $69 $202 $292 
1.See Note 12 for additional information.
2.Foreign exchange losses for the three and nine months ended September 30, 2023 and September 30, 2022 relate primarily to exposures in the Argentinian peso.
3.The nine months ended September 30, 2023 includes gains associated with the sale of shares of a previously impaired equity method investment.
4.Certain obligations associated with a previously impaired equity method investment.
5.Primarily related to charges associated with agreements entered into with DuPont and Corteva as part of the separation and distribution.

Sundry income (expense) - net for TDCC for the three and nine months ended September 30, 2023 and 2022 is substantially the same as that of Dow Inc., with the primary difference related to indemnification and other transaction related costs recorded on Dow Inc. Therefore, TDCC sundry income (expense) - net is not disclosed separately.

Supplier Finance Program
The Company facilitates a supply chain financing (“SCF”) program in the ordinary course of business in order to extend payment terms with vendors. Under the terms of this program, a vendor can voluntarily enter into an agreement with a participating financial intermediary to sell its receivables due from the Company. The vendor receives payment from the financial intermediary, and the Company pays the financial intermediary on the terms originally negotiated with the vendor, which generally range from 90 to 120 days. The vendor negotiates the terms of the agreements directly with the financial intermediary and the Company is not a party to that agreement. The financial intermediary may allow the participating vendor to utilize the Company’s creditworthiness in establishing credit spreads and associated costs, which may provide the vendor with more favorable terms than they would be able to secure on their own. The Company does not provide guarantees related to the SCF program. At September 30, 2023, outstanding obligations confirmed as valid under the SCF program were $317 million ($267 million at December 31, 2022), included in “Accounts payable – Trade” in the consolidated balance sheets.