XML 24 R12.htm IDEA: XBRL DOCUMENT v3.19.2
TDCC Consolidated Statements of Cash Flows Statement - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Net income $ 691 $ 2,803
Income from discontinued operations, net of tax 445 1,068
Income from continuing operations, net of tax 246 1,735
Depreciation and amortization 1,486 1,451
Provision (credit) for deferred income tax (63) 7
Earnings of nonconsolidated affiliates less than dividends received (880) (196)
Net periodic pension benefit cost 57 169
Pension contributions (152) (373)
Net gain on sales of assets, businesses and investments 27 26
Adjustment to gain on step acquisition of nonconsolidated affiliate 0 (20)
Restructuring and asset related charges - net 221 127
Other net loss (115) (241)
Accounts and notes receivable (239) 1,115
Inventories (58) 912
Accounts payable (450) 1,299
Other assets and liabilities, net 607 1,315
Cash provided by operating activities - continuing operations 2,003 1,504
Cash provided by operating activities - discontinued operations 253 289
Cash provided by operating activities 2,256 1,793
Capital expenditures (912) (868)
Investment in gas field developments (48) (46)
Purchases of previously leased assets (9) 0
Proceeds from sales of property and businesses, net of cash divested 9 14
Investments in and loans to nonconsolidated affiliates (228) (2)
Distributions and loan repayments from nonconsolidated affiliates 0 55
Purchases of investments (393) (900)
Proceeds from sales and maturities of investments 735 751
Proceeds from interests in trade accounts receivable conduits 0 656
Cash used for investing activities - continuing operations (846) (340)
Cash used for investing activities - discontinued operations (34) (112)
Cash used for investing activities (880) (452)
Changes in short-term notes payable 162 345
Proceeds from issuance of long-term debt 2,010 0
Payments on long-term debt (4,221) (568)
Proceeds from issuance of parent company stock 34 85
Transaction financing, debt issuance and other costs (56) 0
Employee taxes paid for share-based payment arrangements (50) (70)
Distributions to noncontrolling interests (7) (39)
Purchases of noncontrolling interests (127) 0
Dividends paid to DowDuPont Inc. (535) (2,110)
Settlements and transfers related to separation from DowDuPont Inc. (1,963) 215
Other financing activities, net 0 3
Cash used for financing activities - continuing operations (1,649) (2,569)
Cash used for financing activities - discontinued operations (18) (43)
Cash used for financing activities (1,667) (2,612)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10 (69)
Decrease in cash, cash equivalents and restricted cash (281) (1,340)
Cash, cash equivalents and restricted cash at beginning of period 2,764 6,208
Cash, cash equivalents and restricted cash at end of period 2,483 4,868
Less: Restricted cash and cash equivalents, included in Other current assets 37 45
Cash and cash equivalents at end of period 2,446 4,823
The Dow Chemical Company [Domain]    
Net income 818 2,803
Income from discontinued operations, net of tax 445 1,068
Income from continuing operations, net of tax 373 1,735
Depreciation and amortization 1,486 1,451
Provision (credit) for deferred income tax (63) 7
Earnings of nonconsolidated affiliates less than dividends received 880 196
Net periodic pension benefit cost 57 169
Pension contributions (152) (373)
Net gain on sales of assets, businesses and investments (27) (26)
Adjustment to gain on step acquisition of nonconsolidated affiliate 0 20
Restructuring and asset related charges - net 221 127
Other net loss 115 241
Accounts and notes receivable 240 (1,115)
Inventories 58 (912)
Accounts payable (451) 1,299
Other assets and liabilities, net (760) (1,315)
Cash provided by operating activities - continuing operations 1,977 1,504
Cash provided by operating activities - discontinued operations 346 289
Cash provided by operating activities 2,323 1,793
Capital expenditures (912) (868)
Investment in gas field developments (48) (46)
Purchases of previously leased assets (9) 0
Proceeds from sales of property and businesses, net of cash divested 9 14
Investments in and loans to nonconsolidated affiliates (228) (2)
Distributions and loan repayments from nonconsolidated affiliates 0 55
Purchases of investments (393) (900)
Proceeds from sales and maturities of investments 735 751
Proceeds from interests in trade accounts receivable conduits 0 656
Cash used for investing activities - continuing operations (846) (340)
Cash used for investing activities - discontinued operations (34) (112)
Cash used for investing activities (880) (452)
Changes in short-term notes payable 162 345
Changes in notes payable with Dow Inc. 1,135 0
Proceeds from issuance of long-term debt 2,010 0
Payments on long-term debt (4,221) (568)
Proceeds from issuance of parent company stock 34 85
Transaction financing, debt issuance and other costs (56) 0
Employee taxes paid for share-based payment arrangements (50) (70)
Distributions to noncontrolling interests (7) (39)
Purchases of noncontrolling interests (127) 0
Dividends paid to DowDuPont Inc. (535) (2,110)
Settlements and transfers related to separation from DowDuPont Inc. (61) (215)
Other financing activities, net 0 3
Cash used for financing activities - continuing operations (1,716) (2,569)
Cash used for financing activities - discontinued operations (18) (43)
Cash used for financing activities (1,734) (2,612)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10 (69)
Decrease in cash, cash equivalents and restricted cash (281) (1,340)
Cash, cash equivalents and restricted cash at beginning of period 2,764 6,208
Cash, cash equivalents and restricted cash at end of period 2,483 4,868
Less: Restricted cash and cash equivalents, included in Other current assets 37 45
Cash and cash equivalents at end of period $ 2,446 $ 4,823