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TDCC Consolidated Balance Sheets (Statement) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Cash and Cash Equivalents $ 2,399 $ 2,189
Trade (net of allowance for doubtful receivables - 2025: $72; 2024: $95) 5,426 4,756
Other 2,228 2,108
Inventories 6,701 6,544
Other current assets 958 993
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,712 16,590
Investment in nonconsolidated affiliates 1,262 1,266
Other investments (investments carried at fair value - 2025: $2,033; 2024: $2,047) 2,788 3,033
Noncurrent receivables 434 380
Total investments 4,484 4,679
Property 64,860 62,121
Less: Accumulated depreciation 42,384 40,117
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Goodwill 8,698 8,565
Other intangible assets (net of accumulated amortization - 2025: $5,660; 2024: $5,394) 1,606 1,721
Operating lease right-of-use assets 1,246 1,268
Deferred income tax assets 1,424 1,257
Deferred charges and other assets 1,345 1,228
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total Assets 58,991 57,312
Notes payable 149 135
Long-term debt due within one year 401 497
Accounts payable - Trade 4,944 4,847
Accounts payable - Other 1,697 1,694
Operating lease liabilities - current 325 318
Income taxes payable 314 276
Accrued Liabilities, Current 2,656 2,521
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,486 10,288
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Deferred income tax liabilities 378 392
Pension and other postretirement benefits - noncurrent 4,765 4,736
Asbestos-related liabilities - noncurrent 665 713
Operating lease liabilities - noncurrent 982 984
Other noncurrent obligations 6,876 6,637
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) 13,666 13,462
Common stock (authorized and issued 100 shares of $0.01 par value each) 8 8
Additional Paid in Capital, Common Stock 10,758 9,203
Retained earnings 18,766 20,909
Accumulated other comprehensive loss (7,826) (8,110)
Dow Inc.’s stockholders’ equity 17,231 17,355
Noncontrolling interests 1,361 496
Total equity 18,592 17,851
Total Liabilities and Equity 58,991 57,312
The Dow Chemical Company    
Cash and Cash Equivalents 2,399 2,189
Trade (net of allowance for doubtful receivables - 2025: $72; 2024: $95) 5,426 4,756
Other 2,236 2,116
Inventories 6,701 6,544
Other current assets 921 960
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,683 16,565
Investment in nonconsolidated affiliates 1,262 1,266
Other investments (investments carried at fair value - 2025: $2,033; 2024: $2,047) 2,788 3,033
Noncurrent receivables 427 374
Total investments 4,477 4,673
Property 64,860 62,121
Less: Accumulated depreciation 42,384 40,117
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Goodwill 8,698 8,565
Other intangible assets (net of accumulated amortization - 2025: $5,660; 2024: $5,394) 1,606 1,721
Operating lease right-of-use assets 1,246 1,268
Deferred income tax assets 1,424 1,257
Deferred charges and other assets 1,345 1,228
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total Assets 58,955 57,281
Notes payable 149 135
Long-term debt due within one year 401 497
Accounts payable - Trade 4,944 4,847
Accounts payable - Other 1,714 1,732
Operating lease liabilities - current 325 318
Income taxes payable 314 276
Accrued Liabilities, Current 2,535 2,405
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,382 10,210
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Deferred income tax liabilities 378 392
Pension and other postretirement benefits - noncurrent 4,765 4,736
Asbestos-related liabilities - noncurrent 665 713
Operating lease liabilities - noncurrent 982 984
Other noncurrent obligations 6,737 6,503
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) 13,527 13,328
Common stock (authorized and issued 100 shares of $0.01 par value each) 0 0
Additional Paid in Capital, Common Stock 11,362 9,626
Retained earnings 13,902 16,020
Accumulated other comprehensive loss (7,826) (8,110)
Dow Inc.’s stockholders’ equity 17,438 17,536
Noncontrolling interests 1,361 496
Total equity 18,799 18,032
Total Liabilities and Equity $ 58,955 $ 57,281