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Dow Consolidated Statements of Income Statement - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Net sales $ 15,264 $ 11,882
Cost of sales 12,402 10,062
Research and development expenses 218 194
Selling, general and administrative expenses 498 366
Amortization of intangibles 88 101
Restructuring and asset related charges - net 186 0
Equity in earnings of nonconsolidated affiliates 174 224
Sundry income (expense) - net 148 128
Interest income 28 8
Interest expense and amortization of debt discount 167 196
Income before income taxes 2,055 1,323
Provision for income taxes 503 317
Net income 1,552 1,006
Net income (loss) attributable to noncontrolling interests (17) 15
Net income available for The Dow Chemical Company common stockholder $ 1,569 $ 991
Earnings per common share - basic $ 2.12 $ 1.32
Earnings per common share - diluted $ 2.11 $ 1.32
Weighted-average common shares outstanding - basic 734.6 744.8
Weighted-average common shares outstanding - diluted 739.8 749.8