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RESTRUCTURING AND ASSET RELATED CHARGES - NET (Notes)
 9 Months Ended
Sep. 30, 2022
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. For additional information on the Company's restructuring programs, see Note 6 to the Consolidated Financial Statements included in the 2021 10-K.

2020 Restructuring Program
Actions related to the restructuring program approved by the Dow Inc. Board of Directors ("Board") on September 29, 2020 ("2020 Restructuring Program") were substantially complete at the end of 2021, with the exception of certain cash payments that will continue through 2022 and into 2023. The following table summarizes the activities related to the 2020 Restructuring Program since January 1, 2021:

2020 Restructuring ProgramSeverance and Related Benefit CostsAsset Write-downs and Write-offsCosts Associated with Exit and Disposal ActivitiesTotal
In millions
Reserve balance at Jan 1, 2021$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 
Cash payments(55)— (2)(57)
Reserve balance at Sep 30, 2021$144 $— $68 $212 
Restructuring charges - Corporate(10)— — (10)
Cash payments(30)— (4)(34)
Reserve balance at Dec 31, 2021$104 $— $64 $168 
Cash payments(59)— (1)(60)
Reserve balance at Mar 31, 2022$45 $— $63 $108 
Cash payments(8)— (2)(10)
Reserve balance at Jun 30, 2022$37 $— $61 $98 
Cash payments(5)— (1)(6)
Reserve balance at Sep 30, 2022$32 $— $60 $92 

At September 30, 2022, $38 million of the reserve balance was included in "Accrued and other current liabilities" ($112 million at December 31, 2021) and $54 million was included in "Other noncurrent obligations" ($56 million at December 31, 2021) in the consolidated balance sheets.

The Company recorded pretax restructuring charges of $585 million inception-to-date under the 2020 Restructuring Program, consisting of severance and related benefit costs of $287 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.
2022 Asset Related Charges
In the first quarter of 2022, the Company recorded pretax asset related charges of $186 million due to the Russia and Ukraine conflict and the expectation that certain assets will not be recoverable. These charges included the write-down of inventory, the recording of bad debt reserves and the impairment of other assets. Asset related charges by segment were as follows: $31 million in Packaging & Specialty Plastics, $109 million in Industrial Intermediates & Infrastructure, $16 million in Performance Materials & Coatings and $30 million in Corporate.