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Dow Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 2,987 $ 3,886
Trade (net of allowance for doubtful receivables - 2023: $81; 2022: $110) 4,718 5,611
Other Receivables 1,896 2,144
Inventories 6,076 6,988
Other current assets 1,937 1,848
Total current assets 17,614 20,477
Investment in nonconsolidated affiliates 1,267 1,589
Other investments (investments carried at fair value - 2023: $1,877; 2022: $1,757) 2,740 2,793
Noncurrent receivables 438 666
Total investments 4,445 5,048
Property 60,203 58,055
Less: Accumulated depreciation 39,137 37,613
Net property 21,066 20,442
Goodwill 8,641 8,644
Other intangible assets (net of accumulated amortization - 2023: $5,374; 2022: $5,022) 2,072 2,442
Operating lease right-of-use assets 1,320 1,227
Deferred income tax assets 1,486 960
Deferred charges and other assets 1,323 1,363
Total other assets 14,842 14,636
Total Assets 57,967 60,603
Notes payable 62 362
Long-term debt due within one year 117 362
Accounts Payable, Trade 4,529 4,940
Accounts Payable, Other 1,797 2,276
Operating lease liabilities - current 329 287
Income taxes payable 419 334
Accrued and other current liabilities 2,704 2,770
Total current liabilities 9,957 11,331
Long-Term Debt 14,907 14,698
Deferred income tax liabilities 399 1,110
Pension and other postretirement benefits - noncurrent 4,932 3,808
Asbestos-related liabilities - noncurrent 788 857
Operating lease liabilities - noncurrent 1,032 997
Other noncurrent obligations 6,844 6,555
Total other noncurrent liabilities 13,995 13,327
Common stock (authorized and issued 100 shares of $0.01 par value each) 8 8
Additional paid-in capital 8,880 8,540
Retained earnings 21,774 23,180
Accumulated other comprehensive loss (7,681) (7,139)
Treasury stock at cost (2023: 76,302,081 shares; 2022: 66,798,605 shares) (4,374) (3,871)
Dow Inc.’s stockholders’ equity 18,607 20,718
Noncontrolling interests 501 529
Total equity 19,108 21,247
Total Liabilities and Equity $ 57,967 $ 60,603