EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following tables provide earnings per share calculations for Dow Inc. for the three and nine months ended September 30, 2020 and 2019. Earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries.


Net Income (Loss) for Earnings Per Share Calculations	Three Months Ended						Nine Months Ended
In millions	Sep 30, 2020		Sep 30, 2019		Sep 30, 2020		Sep 30, 2019

Income (loss) from continuing operations, net of tax	$	(1)	$	347	$	40	$	593
Net income attributable to noncontrolling interests - continuing operations	24		14		51		61
Net income attributable to participating securities - continuing operations ¹	3		2		7		4
Income (loss) from continuing operations attributable to common stockholders	$	(28)	$	331	$	(18)	$	528
Income from discontinued operations, net of tax	$	—	$	—	$	—	$	445
Net income attributable to noncontrolling interests - discontinued operations	—		—		—		13

Income from discontinued operations attributable to common stockholders	$	—	$	—	$	—	$	432
Net income (loss) attributable to common stockholders	$	(28)	$	331	$	(18)	$	960


Earnings (Loss) Per Share Calculations - Basic	Three Months Ended						Nine Months Ended
Dollars per share	Sep 30, 2020		Sep 30, 2019		Sep 30, 2020		Sep 30, 2019

Income (loss) from continuing operations attributable to common stockholders	$	(0.04)	$	0.45	$	(0.02)	$	0.71
Income from discontinued operations attributable to common stockholders	—		—		—		0.58
Net income (loss) attributable to common stockholders	$	(0.04)	$	0.45	$	(0.02)	$	1.29


Earnings (Loss) Per Share Calculations - Diluted	Three Months Ended						Nine Months Ended
Dollars per share	Sep 30, 2020		Sep 30, 2019		Sep 30, 2020		Sep 30, 2019

Income (loss) from continuing operations attributable to common stockholders	$	(0.04)	$	0.45	$	(0.02)	$	0.71
Income from discontinued operations attributable to common stockholders	—		—		—		0.58
Net income (loss) attributable to common stockholders	$	(0.04)	$	0.45	$	(0.02)	$	1.29


Share Count Information	Three Months Ended			Nine Months Ended
Shares in millions	Sep 30, 2020	Sep 30, 2019	Sep 30, 2020	Sep 30, 2019

Weighted-average common shares outstanding - basic	740.5	739.8	740.0	743.3
Plus dilutive effect of equity compensation plans ²	—	3.2	—	2.8
Weighted-average common shares outstanding - diluted ²	740.5	743.0	740.0	746.1
Stock options and restricted stock units excluded from EPS calculations ³	26.9	12.9	27.1	6.4

1.Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares.

2.The three and nine months ended September 30, 2020 reflect a loss from continuing operations, and as such, the basic share count was used for purposes of calculating earnings per share on a diluted basis.

3.These outstanding options to purchase shares of common stock and restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.