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RESTRUCTURING AND ASSET RELATED CHARGES - NET (Notes)
 6 Months Ended
Jun. 30, 2021
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure [Text Block] RESTRUCTURING AND ASSET RELATED CHARGES - NET
Charges for restructuring programs and other asset related charges, which includes asset impairments, are recorded in "Restructuring and asset related charges - net" in the consolidated statements of income and were $22 million for the three and six months ended June 30, 2021 ($6 million and $102 million for the three and six months ended June 30, 2020, respectively). For additional information on the Company's restructuring programs, see Note 6 to the Consolidated Financial Statements included in the 2020 10-K.

Restructuring Plans
2020 Restructuring Program
On September 29, 2020, the Board of Directors ("Board") of Dow Inc. approved restructuring actions to achieve the Company's structural cost improvement initiatives in response to the continued economic impact from the coronavirus disease 2019 ("COVID-19") pandemic. The restructuring program is designed to reduce structural costs and enable the Company to further enhance competitiveness while the COVID-19 economic recovery continues. This program includes a global workforce cost reduction of approximately 6 percent and actions to rationalize the Company's manufacturing assets, which include asset write-down and write-off charges, related contract termination fees and environmental remediation costs ("2020 Restructuring Program"). These actions are expected to be substantially complete by the end of 2021.
In the second quarter of 2021, the Company recorded pretax restructuring charges of $12 million for asset write-downs and write-offs and $10 million for costs associated with exit and disposal activities. The following table summarizes the activities related to the 2020 Restructuring Program:

2020 Restructuring ProgramSeverance and Related Benefit CostsAsset Write-downs and Write-offsCosts Associated with Exit and Disposal ActivitiesTotal
In millions
Packaging & Specialty Plastics$— $11 $— $11 
Industrial Intermediates & Infrastructure— 22 — 22 
Performance Materials & Coatings— 117 57 174 
Corporate297 47 24 368 
Total restructuring charges$297 $197 $81 $575 
Charges against the reserve— (197)— (197)
Cash payments(1)— — (1)
Reserve balance at Sep 30, 2020$296 $— $81 $377 
Performance Materials & Coatings$— $(1)$4 $3 
Corporate— — (5)(5)
Total restructuring charges$— $(1)$(1)$(2)
Charges against the reserve— 1 (5)(4)
Cash payments(7)— — (7)
Reserve balance at Dec 31, 2020$289 $— $75 $364 
Cash payments(37)— (12)(49)
Reserve balance at Mar 31, 2021$252 $— $63 $315 
Packaging & Specialty Plastics$— $— $8 $8 
Industrial Intermediates & Infrastructure— 1 — 1 
Performance Materials & Coatings— 8 2 10 
Corporate— 3 — 3 
Total restructuring charges$— $12 $10 $22 
Charges against the reserve— (12)— (12)
Cash payments(53)— (3)(56)
Reserve balance at Jun 30, 2021$199 $— $70 $269 

At June 30, 2021, $197 million of the reserve balance was included in "Accrued and other current liabilities" ($227 million at December 31, 2020) and $72 million was included in "Other noncurrent obligations" ($137 million at December 31, 2020) in the consolidated balance sheets.

The Company recorded pretax restructuring charges of $595 million inception-to-date under the 2020 Restructuring Program, consisting of severance and related benefit costs of $297 million, asset write-downs and write-offs of $208 million and costs associated with exit and disposal activities of $90 million.

The Company expects to incur additional costs in the future related to its restructuring activities. Future costs are expected to include demolition costs related to closed facilities and restructuring implementation costs; these costs will be recognized as incurred. The Company also expects to incur additional employee-related costs, including involuntary termination benefits, related to its other optimization activities. These costs cannot be reasonably estimated at this time.