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Dow Consolidated Statements of Cash Flows Statement - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Statement of Cash Flows [Abstract]    
Net income $ 755 $ 3,993
Depreciation and amortization 1,954 2,104
Provision (credit) for deferred income tax (817) 124
Earnings of nonconsolidated affiliates less than dividends received 300 517
Net periodic pension benefit cost (credit) (69) 19
Pension contributions (111) (156)
Net gain on sales of assets, businesses and investments (49) (11)
Restructuring and asset related charges - net 549 186
Other net loss 588 159
Accounts and notes receivable 365 323
Inventories 777 (254)
Accounts payable (859) (860)
Other assets and liabilities, net 153 (736)
Cash provided by operating activities - continuing operations 3,536 5,408
Cash provided by (used for) operating activities - discontinued operations 4 (11)
Cash provided by operating activities 3,540 5,397
Capital expenditures (1,598) (1,224)
Investment in gas field developments (175) (134)
Purchases of previously leased assets (5) (5)
Proceeds from sales of property, businesses and consolidated companies, net of cash divested 66 16
Acquisitions of property and businesses, net of cash acquired (103) (54)
Investments in and loans to nonconsolidated affiliates (4) (69)
Distributions and loan repayments from nonconsolidated affiliates 2 10
Proceeds from sales of ownership interests in nonconsolidated affiliates 63 11
Purchases of investments (1,291) (445)
Proceeds from sales and maturities of investments 1,244 596
Other investing activities, net (45) (41)
Cash used for investing activities (1,846) (1,339)
Changes in short-term notes payable (122) 72
Payments on short-term debt greater than three months 0 (14)
Proceeds from issuance of long-term debt 76 82
Payments on long-term debt (355) (957)
Collections on securitization programs 8 0
Purchases of treasury stock (500) (2,200)
Proceeds from issuance of stock 63 99
Transaction financing, debt issuance and other costs (1) (8)
Employee taxes paid for share-based payment arrangements (41) (34)
Distributions to noncontrolling interests (51) (42)
Dividends paid to stockholders (1,481) (1,511)
Cash used for financing activities (2,404) (4,513)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (130) (261)
Decrease in cash, cash equivalents and restricted cash (840) (716)
Cash, cash equivalents and restricted cash at beginning of period 3,940 3,033
Cash, cash equivalents and restricted cash at end of period 3,100 2,317
Less: Restricted cash and cash equivalents, included in "Other current assets" 20 101
Cash and cash equivalents and end of period $ 3,080 $ 2,216