| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents (variable interest entities restricted - 2026 259 2025 31) | 4,110 | 3,816 | 4,609 | 2,399 |
| Trade (net of allowance for doubtful receivables - 2026 63 2025 59) | 5,185 | 4,762 | 5,044 | 5,426 |
| Other | 2,224 | 1,876 | 2,117 | 2,228 |
| Inventories | 6,775 | 6,595 | 6,675 | 6,701 |
| Other current assets | 1,175 | 1,013 | 1,201 | 958 |
| Total current assets (variable interest entities restricted) | 19,469 | 18,062 | 19,646 | 17,712 |
| Investment in nonconsolidated affiliates | 1,138 | 1,264 | 1,255 | 1,262 |
| Other investments (investments carried at fair value - 2026 2,236 2025 2,212) | 3,008 | 3,017 | 2,812 | 2,788 |
| Noncurrent receivables | 444 | 309 | 427 | 434 |
| Total investments | 4,590 | 4,590 | 4,494 | 4,484 |
| Property | 66,017 | 65,863 | 65,327 | 64,860 |
| Less accumulated depreciation | 43,909 | 43,613 | 42,788 | 42,384 |
| Net property (variable interest entities restricted - 2026 2,362 2025 2,385) | 22,108 | 22,250 | 22,539 | 22,476 |
| Goodwill | 7,947 | 7,978 | 8,690 | 8,698 |
| Other intangible assets (net of accumulated amortization - 2026 5,770 2025 5,727) | 1,426 | 1,486 | 1,546 | 1,606 |
| Operating lease right-of-use assets | 1,426 | 1,356 | 1,314 | 1,246 |
| Deferred income tax assets | 1,525 | 1,511 | 1,418 | 1,424 |
| Deferred charges and other assets | 1,289 | 1,305 | 1,343 | 1,345 |
| Total other assets (variable interest entities restricted - 2025 226 2024 15) | NaN | 13,636 | NaN | NaN |
| Total other assets (variable interest entities restricted - 2026 220 2025 226) | 13,613 | NaN | 14,311 | 14,319 |
| Total assets | 59,780 | 58,538 | 60,990 | 58,991 |
| Notes payable | 88 | 90 | 133 | 149 |
| Long-term debt due within one year | 793 | 222 | 413 | 401 |
| Accounts payable - trade | 4,769 | 4,151 | 4,535 | 4,944 |
| Accounts payable - other | 1,392 | 1,394 | 1,673 | 1,697 |
| Operating lease liabilities - current | 348 | 340 | 324 | 325 |
| Income taxes payable | 344 | 337 | 271 | 314 |
| Accrued liabilities, current | 2,802 | 2,649 | 2,755 | 2,656 |
| Total current liabilities (variable interest entities nonrecourse - 2026 451 2025 438) | 10,536 | 9,183 | 10,104 | 10,486 |
| Long-term debt (variable interest entities nonrecourse - 2026 184 2025 190) | 17,254 | 17,849 | 17,709 | 16,247 |
| Deferred income tax liabilities | 348 | 364 | 383 | 378 |
| Pension and other postretirement benefits - noncurrent | 4,542 | 4,694 | 4,656 | 4,765 |
| Asbestos-related liabilities - noncurrent | 602 | 628 | 645 | 665 |
| Operating lease liabilities - noncurrent | 1,146 | 1,097 | 1,046 | 982 |
| Other noncurrent obligations | 8,589 | 7,201 | 7,383 | 6,876 |
| Total other noncurrent liabilities (variable interest entities nonrecourse - 2026 350 2025 364) | 15,227 | 13,984 | 14,113 | 13,666 |
| Common stock (authorized and issued 100 shares of 0.01 par value each) | NaN | 8 | NaN | NaN |
| Common stock (authorized 5,000,000,000 shares of 0.01 par value each issued 2026 791,896,099 shares 2025 790,287,565 shares) | 8 | NaN | 8 | 8 |
| Additional paid in capital, common stock | 11,062 | 11,112 | 11,099 | 10,758 |
| Retained earnings | 15,992 | 16,781 | 18,576 | 18,766 |
| Accumulated other comprehensive loss | -7,698 | -7,660 | -7,763 | -7,826 |
| Treasury stock at cost (2026 71,154,661 shares 2025 73,065,152 shares) | 4,115 | 4,233 | 4,379 | 4,475 |
| Dow inc.s stockholders equity | 15,249 | 16,008 | 17,541 | 17,231 |
| Noncontrolling interests | 1,514 | 1,514 | 1,523 | 1,361 |
| Total equity | 16,763 | 17,522 | 19,064 | 18,592 |
| Total liabilities and equity | 59,780 | 58,538 | 60,990 | 58,991 |
DOW INC. (DOW)
DOW INC. (DOW)