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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net Sales $ 14,513 $ 16,046 $ 29,232 $ 30,779
Cost of sales 12,200 13,551 24,485 25,668
Research and development expenses 406 411 811 811
Selling, general and administrative expenses 674 695 1,381 1,395
Amortization of intangibles 122 125 244 248
Restructuring charges 0 0 357 0
Acquisition-related integration expenses 0 0 0 31
Equity in earnings of nonconsolidated affiliates 148 291 317 589
Sundry income (expense) - net 27 80 44 (369)
Interest income 10 10 16 17
Interest expense and amortization of debt discount 312 328 641 705
Income Before Income Taxes 984 1,317 1,690 2,158
Provision for income taxes 244 240 430 360
Net Income 740 1,077 1,260 1,798
Net income attributable to noncontrolling interests 6 10 29 21
Net Income attributable to The Dow Chemical Company 734 1,067 1,231 1,777
Preferred stock dividends 85 85 170 170
Net Income Available for The Dow Chemical Company Common Stockholders 649 982 1,061 1,607
Per Common Share Data:        
Earnings per common share - basic $ 0.55 $ 0.84 $ 0.90 $ 1.39
Earnings per common share - diluted $ 0.55 $ 0.84 $ 0.90 $ 1.37
Common stock dividends declared per share of common stock $ 0.32 $ 0.25 $ 0.57 $ 0.40
Weighted-average common shares outstanding - basic 1,169.7 1,149.6 1,165.3 1,144.6
Weighted-average common shares outstanding - diluted 1,176.6 1,160.9 1,172.7 1,156.2
Depreciation 506 526 1,016 1,085
Capital Expenditures $ 581 $ 564 $ 983 $ 969