SUPPLEMENTARY INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Supplementary Information [Abstract]

Sundry Income, Net

Dow Inc. Sundry Income (Expense) – Net	2023		2022		2021
In millions
Non-operating pension and other postretirement benefit plan net (cost) credits 1	$	(264)	$	358	$	332
Foreign exchange losses 2	(340)		(117)		(8)
Gain on sales of other assets and investments 3	80		78		105
Asset impairments and related costs 4	(18)		—		—
Gain (loss) on early extinguishment of debt 5	5		(8)		(574)
Indemnification and other transaction related costs 6	26		4		30
Gain related to Nova legal matter 7	106		321		—
Dow Silicones breast implant liability adjustment	—		60		—
Luxi arbitration award 7	—		—		54
Gain on divestitures and asset sale 8	—		—		16
Other - net	125		31		10
Total sundry income (expense) – net	$	(280)	$	727	$	(35)

1.The year ended December 31, 2023, includes pretax pension settlement charges of $642 million related to the transfer of certain plan benefit obligations to insurance companies. See Note 18 for additional information about the Company's pension and other postretirement plans, including pension settlement charges.

2.Foreign exchange losses in 2023 relate primarily to exposures in the Argentine peso, including $109 million related to the devaluation of the Argentine peso by the Argentina government in December 2023. Foreign exchange losses in 2022 relate primarily to exposures in the Argentine peso.

3.The year ended December 31, 2023, includes gains associated with the sale of shares of a previously impaired equity method investment.

4.Certain obligations associated with a previously impaired equity method investment.

5.See Note 13 for additional information.

6.Primarily related to charges associated with agreements entered into with DuPont de Nemours, Inc. ("DuPont") and Corteva, Inc. ("Corteva") as part of the separation and distribution.

7.See Note 14 for additional information.

8.The year ended December 31, 2021, includes post-closing adjustments on a previous divestiture, related to Packaging & Specialty Plastics.

Schedule of Company-Owned Life Insurance

Other Investments

The Company has investments in company-owned life insurance policies ("COLI"), which are recorded at their cash surrender value as of each balance sheet date, as provided below:

Investments in Company-Owned Life Insurance	Dec 31, 2023		Dec 31, 2022
In millions
Gross cash value	$	623	$	708
Less: Existing drawdowns 1	97		—
Investments in company-owned life insurance 2	$	526	$	708

1.Classified as "Proceeds from sales and maturities of investments" in the consolidated statements of cash flows.

2.Classified as "Other investments" in the consolidated balance sheets.

Supplier Finance Program

The following table summarizes the outstanding obligations confirmed as valid under the SCF program for the year ended December 31, 2023:

Supplier Finance Program Activity	2023
In millions
Confirmed obligations outstanding at Jan 1	$	267
Invoices confirmed to financial intermediary	1,308
Confirmed invoices paid to financial intermediary	(1,290)
Confirmed obligations outstanding at Dec 31	$	285

Schedule of Cash Flow, Supplemental Disclosures

The following table shows cash paid for interest and income taxes for the years ended December 31, 2023, 2022 and 2021:

Supplemental Cash Flow Information	2023		2022		2021
In millions
Cash paid during year for:
Interest	$	800	$	675	$	801
Income taxes	$	735	$	793	$	731