REVENUE (Tables)

12 Months Ended

Dec. 31, 2023

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	2023		2022		2021
In millions
Hydrocarbons & Energy	$	6,566	$	9,414	$	8,149
Packaging and Specialty Plastics	16,583		19,846		19,979
Packaging & Specialty Plastics	$	23,149	$	29,260	$	28,128
Industrial Solutions	$	4,207	$	5,682	$	5,139
Polyurethanes & Construction Chemicals	8,316		10,907		11,700
Others	15		17		12
Industrial Intermediates & Infrastructure	$	12,538	$	16,606	$	16,851
Coatings & Performance Monomers	$	3,337	$	4,051	$	4,050
Consumer Solutions	5,160		6,713		5,622
Performance Materials & Coatings	$	8,497	$	10,764	$	9,672
Corporate	$	438	$	272	$	317
Total	$	44,622	$	56,902	$	54,968

Net Trade Sales by Geographic Region	2023		2022		2021
In millions
U.S. & Canada	$	16,640	$	20,945	$	19,613
EMEAI 1	14,537		19,631		19,746
Asia Pacific	8,266		10,344		10,043
Latin America	5,179		5,982		5,566
Total	$	44,622	$	56,902	$	54,968

1.Europe, Middle East, Africa and India.

Contract with Customer, Asset and Liability

The following table summarizes contract assets and liabilities at December 31, 2023 and 2022:

Contract Assets and Liabilities at Dec 31	Balance Sheet Classification	2023		2022
In millions
Accounts and notes receivable - trade	Accounts and notes receivable - trade	$	4,718	$	5,611
Contract assets - current	Other current assets	$	13	$	48
Contract assets - noncurrent	Deferred charges and other assets	$	4	$	16
Contract liabilities - current 1	Accrued and other current liabilities	$	195	$	275
Contract liabilities - noncurrent 2	Other noncurrent obligations	$	1,642	$	1,725

1.The decrease from December 31, 2022 to December 31, 2023 was primarily due to recognition of deferred royalty payments.

2.The decrease from December 31, 2022 to December 31, 2023 was primarily due to recognition of revenue on long-term product supply agreements.