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Dow Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Cash and cash equivalents $ 3,886 $ 2,988
Trade (net of allowance for doubtful receivables - 2022: $110; 2021: $54) 5,611 6,841
Other Receivables 2,144 2,713
Inventories 6,988 7,372
Other current assets 1,848 934
Total current assets 20,477 20,848
Investment in nonconsolidated affiliates 1,589 2,045
Other investments (investments carried at fair value - 2022: $1,757; 2021: $2,079) 2,793 3,193
Noncurrent receivables 666 478
Total investments 5,048 5,716
Property 58,055 57,604
Less: Accumulated depreciation 37,613 37,049
Net property 20,442 20,555
Goodwill 8,644 8,764
Other intangible assets (net of accumulated amortization - 2022: $5,022; 2021: $4,725) 2,442 2,881
Operating lease right-of-use assets 1,227 1,412
Deferred income tax assets 960 1,358
Deferred charges and other assets 1,363 1,456
Total other assets 14,636 15,871
Total Assets 60,603 62,990
Notes payable 362 161
Long-term debt due within one year 362 231
Accounts Payable, Trade 4,940 5,577
Accounts Payable, Other 2,276 2,839
Operating lease liabilities - current 287 314
Income taxes payable 334 623
Accrued and other current liabilities 2,770 3,481
Total current liabilities 11,331 13,226
Long-Term Debt 14,698 14,280
Deferred income tax liabilities 1,110 506
Pension and other postretirement benefits - noncurrent 3,808 7,557
Asbestos-related liabilities - noncurrent 857 931
Operating lease liabilities - noncurrent 997 1,149
Other noncurrent obligations 6,555 6,602
Total other noncurrent liabilities 13,327 16,745
Common stock (authorized and issued 100 shares of $0.01 par value each) 8 8
Additional paid-in capital 8,540 8,151
Retained earnings 23,180 20,623
Accumulated other comprehensive loss (7,139) (8,977)
Unearned ESOP shares 0 (15)
Treasury stock at cost (2022: 66,798,605 shares; 2021: 29,011,573 shares) (3,871) (1,625)
Dow Inc.’s stockholders’ equity 20,718 18,165
Noncontrolling interests 529 574
Total equity 21,247 18,739
Total Liabilities and Equity $ 60,603 $ 62,990