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EARNINGS PER SHARE CALCULATIONS (Tables)
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Net Income [Table Text Block]
Net Income
Three Months Ended

In millions
Mar 31,
2012

Net income
$
520

Net income attributable to noncontrolling interests
(23
)
Net income attributable to The Dow Chemical Company
$
497

Preferred stock dividends
(85
)
Net income attributable to participating securities (1)
(4
)
Net income attributable to common stockholders
$
408

(1)
Accounting Standards Codification Topic 260, "Earnings per Share," requires enterprises with participating securities to use the two-class method to calculate earnings per share and to report the most dilutive earnings per share amount. Deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares. The impact on earnings per share in first quarter 2011 using the two-class method was immaterial.
Net Income
Three Months Ended
In millions
Mar 31,
2011

Net income
$
721

Net income attributable to noncontrolling interests
(11
)
Net income attributable to The Dow Chemical Company
$
710

Preferred stock dividends
(85
)
Net income available for common stockholders
$
625
Earnings Per Share Calculation - Basic
Earnings Per Share Calculations - Basic
Three Months Ended

Dollars per share
Mar 31,
2012

Net income
$
0.44

Net income attributable to noncontrolling interests
(0.02
)
Net income attributable to The Dow Chemical Company
$
0.42

Preferred stock dividends
(0.07
)
Net income attributable to participating securities (1)
—

Net income attributable to common stockholders
$
0.35

Earnings Per Share Calculations - Basic
Three Months Ended
Dollars per share
Mar 31,
2011

Net income
$
0.63

Net income attributable to noncontrolling interests
(0.01
)
Net income attributable to The Dow Chemical Company
$
0.62

Preferred stock dividends
(0.07
)
Net income available for common stockholders
$
0.55

(1)
Accounting Standards Codification Topic 260, "Earnings per Share," requires enterprises with participating securities to use the two-class method to calculate earnings per share and to report the most dilutive earnings per share amount. Deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares. The impact on earnings per share in first quarter 2011 using the two-class method was immaterial.
Earnings Per Share Calculation - Diluted
(1)
Accounting Standards Codification Topic 260, "Earnings per Share," requires enterprises with participating securities to use the two-class method to calculate earnings per share and to report the most dilutive earnings per share amount. Deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares. The impact on earnings per share in first quarter 2011 using the two-class method was immaterial.
(2)
Preferred stock dividends were not added back in the calculation of diluted earnings per share because the effect of adding them back would have been antidilutive.
(1)
Preferred stock dividends were not added back in the calculation of diluted earnings per share because the effect of adding them back would have been antidilutive.
Earnings Per Share Calculations - Diluted
Three Months Ended

Dollars per share
Mar 31,
2012

Net income
$
0.44

Net income attributable to noncontrolling interests
(0.02
)
Net income attributable to The Dow Chemical Company
$
0.42

Preferred stock dividends (2)
(0.07
)
Net income attributable to participating securities (1)
—

Net income attributable to common stockholders
$
0.35

Earnings Per Share Calculations - Diluted
Three Months Ended
Dollars per share
Mar 31,
2011

Net income
$
0.62

Net income attributable to noncontrolling interests
(0.01
)
Net income attributable to The Dow Chemical Company
$
0.61

Preferred stock dividends (1)
(0.07
)
Net income available for common stockholders
$
0.54
Schedule of Weighted Average Number of Shares [Table Text Block]
Shares in millions
 
Weighted-average common shares - basic
1,160.9

Plus dilutive effect of stock options and awards
7.8

Weighted-average common shares - diluted
1,168.7

Stock options and deferred stock awards excluded from EPS calculations (3)
48.3

Conversion of preferred stock excluded from EPS calculations (4)
96.8

(2)
These outstanding options to purchase shares of common stock and deferred stock awards were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
(3)
Conversion of the Cumulative Convertible Perpetual Preferred Stock, Series A into shares of the Company’s common stock was excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
(3)
These outstanding options to purchase shares of common stock and deferred stock awards were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
(4)
Conversion of the Cumulative Convertible Perpetual Preferred Stock, Series A into shares of the Company’s common stock was excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.

Shares in millions
 
Weighted-average common shares - basic
1,139.5

Plus dilutive effect of stock options and awards
21.7

Weighted-average common shares - diluted
1,161.2

Stock options and deferred stock awards excluded from EPS calculations (2)
43.3

Conversion of preferred stock excluded from EPS calculations (3)
96.8