SEGMENTS AND GEOGRAPHIC REGIONS (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Segment Information	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Materials & Coatings		Corp.		Total
In millions
Three months ended Sep 30, 2022
Net sales	$	7,327	$	4,059	$	2,654	$	75	$	14,115
Equity in earnings (losses) of nonconsolidated affiliates	$	55	$	(114)	$	1	$	—	$	(58)
Dow Inc. Operating EBIT 1	$	785	$	167	$	302	$	(59)	$	1,195
Three months ended Sep 30, 2021
Net sales	$	7,736	$	4,481	$	2,526	$	94	$	14,837
Equity in earnings of nonconsolidated affiliates	$	124	$	122	$	3	$	—	$	249
Dow Inc. Operating EBIT 1	$	1,954	$	713	$	284	$	(65)	$	2,886
Nine months ended Sep 30, 2022
Net sales	$	23,187	$	12,953	$	8,706	$	197	$	45,043
Equity in earnings (losses) of nonconsolidated affiliates	$	303	$	5	$	6	$	(3)	$	311
Dow Inc. Operating EBIT 1	$	3,455	$	1,254	$	1,458	$	(178)	$	5,989
Nine months ended Sep 30, 2021
Net sales	$	20,939	$	12,303	$	7,114	$	248	$	40,604
Equity in earnings of nonconsolidated affiliates	$	360	$	381	$	5	$	5	$	751
Dow Inc. Operating EBIT 1	$	5,196	$	1,687	$	571	$	(186)	$	7,268

1.Operating EBIT for TDCC for the three and nine months ended September 30, 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 income from continuing operations, net of tax to Operating EBIT [Table Text Block]

Reconciliation of "Net income" to Operating EBIT	Three Months Ended				Nine Months Ended
In millions	Sep 30, 2022		Sep 30, 2021		Sep 30, 2022		Sep 30, 2021
Net income	$	760	$	1,706	$	3,993	$	4,644
+ Provision for income taxes	241		542		1,232		1,383
Income before income taxes	$	1,001	$	2,248	$	5,225	$	6,027
- Interest income	41		14		105		35
+ Interest expense and amortization of debt discount	155		178		487		561
- Significant items	(80)		(474)		(382)		(715)
Operating EBIT	$	1,195	$	2,886	$	5,989	$	7,268

Schedule of significant items [Table Text Block]

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

Significant Items by Segment	Three Months Ended Sep 30, 2022										Nine Months Ended Sep 30, 2022
	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Mat. & Coatings		Corp.		Total		Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Mat. & Coatings		Corp.		Total
In millions
Digitalization program costs 1	$	—	$	—	$	—	$	(62)	$	(62)	$	—	$	—	$	—	$	(154)	$	(154)
Restructuring, implementation costs and asset related charges - net 2	—		—		—		(11)		(11)		—		—		—		(31)		(31)
Russia / Ukraine conflict charges 3	—		—		—		—		—		(31)		(109)		(16)		(30)		(186)
Loss on early extinguishment of debt 4	—		—		—		—		—		—		—		—		(8)		(8)
Indemnification and other transaction related costs 5	—		—		—		(7)		(7)		—		—		—		(3)		(3)
Total	$	—	$	—	$	—	$	(80)	$	(80)	$	(31)	$	(109)	$	(16)	$	(226)	$	(382)

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 5 for additional information.

4.The Company redeemed outstanding long-term debt resulting in a loss on early extinguishment. See Note 12 for additional information.

5.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 3 for additional information.

Significant Items by Segment	Three Months Ended Sep 30, 2021										Nine Months Ended Sep 30, 2021
	Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Mat. & Coatings		Corp.		Total		Pack. & Spec. Plastics		Ind. Interm. & Infrast.		Perf. Mat. & Coatings		Corp.		Total
In millions
Digitalization program costs 1	$	—	$	—	$	—	$	(40)	$	(40)	$	—	$	—	$	—	$	(121)	$	(121)
Restructuring, implementation costs and asset related charges - net 2	—		—		—		(16)		(16)		(8)		(1)		(10)		(50)		(69)
Loss on early extinguishment of debt 3	—		—		—		(472)		(472)		—		—		—		(574)		(574)
Litigation related charges, awards and adjustments 4	—		54		—		—		54		—		54		—		—		54
Indemnification and other transactions related costs 5	—		—		—		—		—		—		—		—		(5)		(5)
Total	$	—	$	54	$	—	$	(528)	$	(474)	$	(8)	$	53	$	(10)	$	(750)	$	(715)

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.The Company redeemed outstanding long-term debt resulting in a loss on early extinguishment. See Note 12 for additional information.

4.Related to an arbitration award and interest assessment paid by Luxi Chemical Group Co., Ltd.

5.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 3 for additional information.