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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net sales $ 10,764 $ 12,634 $ 32,747 $ 37,660
Cost of sales 9,377 10,456 27,939 30,976
Research and development expenses 194 193 592 622
Selling, general and administrative expenses 388 409 1,258 1,376
Amortization of intangibles 100 117 320 353
Restructuring and asset related charges - net 147 48 368 175
Integration and separation costs 164 313 964 799
Equity in earnings (losses) of nonconsolidated affiliates (44) 135 (73) 529
Sundry income (expense) - net 301 (3) 369 37
Interest income 19 22 58 60
Interest expense and amortization of debt discount 233 258 711 781
Income from continuing operations before income taxes 437 994 949 3,204
Provision for income taxes on continuing operations 90 280 356 755
Income from continuing operations, net of tax 347 714 593 2,449
Income from discontinued operations, net of tax 0 335 445 1,403
Net income 347 1,049 1,038 3,852
Net income attributable to noncontrolling interests 14 36 74 102
Net income available for The Dow Chemical Company common stockholder 333 1,013 964 3,750
Depreciation 540 549 1,621 1,643
Capital expenditures 472 577 1,384 1,445
The Dow Chemical Company [Domain]        
Net sales 10,764 12,634 32,747 37,660
Cost of sales 9,377 10,456 27,938 30,976
Research and development expenses 194 193 592 622
Selling, general and administrative expenses 389 409 1,255 1,376
Amortization of intangibles 100 117 320 353
Restructuring and asset related charges - net 147 48 368 175
Integration and separation costs 164 313 940 799
Equity in earnings (losses) of nonconsolidated affiliates (44) 135 (73) 529
Sundry income (expense) - net 284 (3) 462 37
Interest income 19 22 58 60
Interest expense and amortization of debt discount 238 258 728 781
Income from continuing operations before income taxes 414 994 1,053 3,204
Provision for income taxes on continuing operations 90 280 356 755
Income from continuing operations, net of tax 324 714 697 2,449
Income from discontinued operations, net of tax 0 335 445 1,403
Net income 324 1,049 1,142 3,852
Net income attributable to noncontrolling interests 14 36 74 102
Net income available for The Dow Chemical Company common stockholder 310 1,013 1,068 3,750
Depreciation 540 549 1,621 1,643
Capital expenditures $ 472 $ 577 $ 1,384 $ 1,445