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SEGMENTS AND GEOGRAPHIC REGIONS (Notes)
 3 Months Ended
Mar. 31, 2022
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 assesses performance and allocates resources. The Company defines Operating EBIT as earnings (i.e., "Income 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 Mar 31, 2022
Net sales$7,627 $4,524 $3,049 $64 $15,264 
Equity in earnings (losses) of nonconsolidated affiliates$110 $62 $3 $(1)$174 
Dow Inc. Operating EBIT 1
$1,234 $661 $595 $(71)$2,419 
Three months ended Mar 31, 2021
Net sales$6,082 $3,607 $2,123 $70 $11,882 
Equity in earnings of nonconsolidated affiliates$106 $115 $2 $1 $224 
Dow Inc. Operating EBIT 1
$1,228 $326 $62 $(62)$1,554 
1.Operating EBIT for TDCC for the three months ended March 31, 2022 and 2021 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 in the following table.

Reconciliation of "Net income" to Operating EBIT Three Months Ended
In millionsMar 31, 2022Mar 31, 2021
Net income$1,552 $1,006 
+ Provision for income taxes503 317 
Income before income taxes$2,055 $1,323 
- Interest income28 8 
+ Interest expense and amortization of debt discount167 196 
- Significant items(225)(43)
Operating EBIT$2,419 $1,554 
The following tables summarize the pretax impact of significant items by segment excluded from Operating EBIT:

Significant Items by SegmentThree Months Ended Mar 31, 2022
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsCorp.Total
In millions
Digitalization program costs 1
$— $— $— $(41)$(41)
Restructuring, implementation costs and asset related charges - net 2
— — — (10)(10)
Russia / Ukraine conflict charges 3
(31)(109)(16)(30)(186)
Indemnification and other transaction related costs 4
— — — 12 12 
Total$(31)$(109)$(16)$(69)$(225)
1.Includes costs associated with implementing the Company's Digital Acceleration program.
2.Includes costs associated with implementing the Company's 2020 Restructuring Program.
3.Asset related charges due to the Russia and Ukraine conflict. See Note 4 for additional information.
4.Primarily related to charges associated with agreements entered into with DuPont de Nemours, Inc. and Corteva Inc. 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 2 for additional information.

Significant Items by SegmentThree Months Ended Mar 31, 2021
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsCorp.Total
In millions
Digitalization program costs 1
$— $— $— $(33)$(33)
Restructuring, implementation costs and asset related charges - net 2
— — — (10)(10)
Total$— $— $— $(43)$(43)
1.Includes costs associated with implementing the Company's Digital Acceleration program.
2.Includes costs associated with implementing the Company's 2020 Restructuring Program.