SUPPLEMENTARY INFORMATION

6 Months Ended

Jun. 30, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplementary Information Disclosure [Text Block]

SUPPLEMENTARY INFORMATION

The Company uses "Sundry income (expense) – net" to record a variety of income and expense items such as foreign currency exchange gains and losses, dividends from investments, gains and losses on sales of investments and assets, non-operating pension and other postretirement benefit plan credits or costs, and certain litigation matters.

Dow Inc.

For the three months ended June 30, 2020, "Sundry income (expense) - net" was income of $53 million compared with expense of $1 million for the three months ended June 30, 2019. The second quarter of 2020 included a $6 million gain related to the Nova Chemicals Corporation ("Nova") ethylene asset matter (related to Packaging & Specialty Plastics), non-operating pension and postretirement benefit plan credits and foreign currency exchange losses. The second quarter of 2019 included a $58 million loss on post-closing adjustments related to a previous divestiture, a $52 million charge associated with agreements entered into with DuPont and Corteva and a $44 million loss on the early extinguishment of debt (all related to Corporate), which were partially offset by non-operating pension and postretirement benefit plan credits and foreign currency exchange gains. For the six months ended June 30, 2020, "Sundry income (expense) - net" was expense of $28 million compared with income of $68 million for the six months ended June 30, 2019. In addition to the items previously disclosed, "Sundry income (expense) - net" for the six months ended June 30, 2020 included an $86 million loss on the early extinguishment of debt (related to Corporate). See Notes 3, 11, 16 and 22 for additional information.

TDCC

For the three months ended June 30, 2020, "Sundry income (expense) - net" was income of $51 million compared with income of $109 million for the three months ended June 30, 2019. The second quarter of 2020 included a $6 million gain related to the Nova ethylene asset matter (related to Packaging & Specialty Plastics), non-operating pension and postretirement benefit plan credits and foreign currency exchange losses. The second quarter of 2019 included a $44 million loss on the early extinguishment of debt and a gain of $14 million on post-closing adjustments related to a previous divestiture (both related to Corporate), which were partially offset by non-operating pension and postretirement benefit plan credits and foreign currency exchange gains. For the six months ended June 30, 2020, "Sundry income (expense) - net" was expense of $31 million compared with income of $178 million for the six months ended June 30, 2019. In addition to the items previously disclosed, "Sundry income (expense) - net" for the six months ended June 30, 2020 included an $86 million loss on the early extinguishment of debt (related to Corporate). See Notes 11, 16 and 22 for additional information.

Other Investments

The Company has investments in company-owned life insurance policies, which are recorded at their cash surrender value as of each balance sheet date, as provided below:

Investments in company-owned life insurance	Jun 30, 2020		Dec 31, 2019
In millions
Gross cash value	$	825	$	820
Less: Existing drawdowns 1	293		85
Investments in company-owned life insurance 2	$	532	$	735

1. Classified as "Proceeds from sales and maturities of investments" in the consolidated statements of cash flows.

2. Classified as "Other investments" in the consolidated balance sheets.