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SEGMENTS AND GEOGRAPHIC REGIONS (Notes)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segments and Geographic Regions [Text Block] SEGMENTS AND GEOGRAPHIC REGIONS
Dow’s measure of profit/loss for segment reporting purposes is Operating EBIT as this is the manner in which the Company's chief operating decision maker ("CODM") assesses performance and allocates resources. The Company defines Operating EBIT as earnings (i.e., "Income (loss) before income taxes") before interest, excluding the impact of significant items. Operating EBIT by segment includes all operating items relating to the businesses; items that principally apply to Dow as a whole are assigned to Corporate.

Segment InformationPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsCorp.Total
In millions
Three months ended Jun 30, 2021
Net sales$7,121 $4,215 $2,465 $84 $13,885 
Equity in earnings of nonconsolidated affiliates$130 $144 $— $4 $278 
Dow Inc. Operating EBIT 1
$2,014 $648 $225 $(59)$2,828 
Three months ended Jun 30, 2020
Net sales$4,001 $2,417 $1,855 $81 $8,354 
Equity in earnings (losses) of nonconsolidated affiliates$20 $(113)$2 $(4)$(95)
Dow Inc. Operating EBIT 1
$318 $(220)$27 $(68)$57 
Six months ended Jun 30, 2021
Net sales$13,203 $7,822 $4,588 $154 $25,767 
Equity in earnings of nonconsolidated affiliates$236 $259 $2 $5 $502 
Dow Inc. Operating EBIT 1
$3,242 $974 $287 $(121)$4,382 
Six months ended Jun 30, 2020
Net sales$8,610 $5,462 $3,920 $132 $18,124 
Equity in earnings (losses) of nonconsolidated affiliates$25 $(189)$3 $(23)$(184)
Dow Inc. Operating EBIT 1
$898 $(45)$189 $(142)$900 
1.Operating EBIT for TDCC for the three and six months ended June 30, 2021 and 2020 is substantially the same as that of Dow Inc. and therefore has not been disclosed separately in the table above. A reconciliation of "Net income" to Operating EBIT is provided on the following page.
Reconciliation of "Net income (loss)" to Operating EBIT Three Months EndedSix Months Ended
In millionsJun 30, 2021Jun 30, 2020Jun 30, 2021Jun 30, 2020
Net income (loss)$1,932 $(217)$2,938 $41 
+ Provision for income taxes524 34 841 172 
Income (loss) before income taxes$2,456 $(183)$3,779 $213 
- Interest income13 6 21 21 
+ Interest expense and amortization of debt discount187 200 383 415 
- Significant items(198)(46)(241)(293)
Operating EBIT$2,828 $57 $4,382 $900 

The following tables summarize the pretax impact of significant items by segment excluded from Operating EBIT:

Significant Items by SegmentThree Months Ended Jun 30, 2021Six Months Ended Jun 30, 2021
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsCorp.TotalPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsCorp.Total
In millions
Digitalization program costs 1
$— $— $— $(48)$(48)$— $— $— $(81)$(81)
Restructuring, implementation costs and asset related charges - net 2
(8)(1)(10)(24)(43)(8)(1)(10)(34)(53)
Loss on early extinguishment of debt 3
— — — (102)(102)— — — (102)(102)
Indemnification and other transaction related costs 4
— — — (5)(5)— — — (5)(5)
Total$(8)$(1)$(10)$(179)$(198)$(8)$(1)$(10)$(222)$(241)
1.Includes costs associated with implementing the Company's digital acceleration program.
2.Includes Board approved restructuring plans, including costs associated with implementing the Company's 2020 Restructuring Program, and asset related charges, which include other asset impairments. See Note 5 for additional information.
3.The Company redeemed outstanding long-term debt resulting in a loss on early extinguishment. See Note 11 for additional information.
4.Primarily related to charges associated with agreements entered into with DuPont and Corteva as part of the separation and distribution which, among other matters, provides for cross-indemnities and allocations of obligations and liabilities for periods prior to, at and after the completion of the separation. See Note 3 for additional information.

Significant Items by SegmentThree Months Ended Jun 30, 2020Six Months Ended Jun 30, 2020
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsCorp.TotalPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsCorp.Total
In millions
Integration and separation costs 1
$— $— $— $(46)$(46)$— $— $— $(111)$(111)
Restructuring, implementation costs and asset-related charges, net 2
(6)— — — (6)(12)— — (90)(102)
Litigation related charges, awards and adjustments 3
6 — — — 6 6 — — — 6 
Loss on early extinguishment of debt 4
— — — — — — — — (86)(86)
Total$— $— $— $(46)$(46)$(6)$— $— $(287)$(293)
1.Costs related to business separation activities.
2.Includes Board approved restructuring plans and asset related charges, which include other asset impairments. See Note 5 for additional information.
3.Includes a gain associated with a legal matter with Nova. See Note 12 for additional information.
4.The Company redeemed outstanding long-term debt resulting in a loss on early extinguishment. See Note 11 for additional information.