| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Income (loss) before income taxes | NaN | -2,511 | NaN | NaN |
| Provision (credit) for income taxes | NaN | -67 | NaN | NaN |
| Net income (loss) | NaN | -2,444 | NaN | NaN |
| Net loss | -1,294 | NaN | 691 | 158 |
| Depreciation and amortization | 719 | 708 | 688 | 724 |
| Credit for deferred income tax | -48 | -162 | -48 | 46 |
| Earnings of nonconsolidated affiliates less than dividends received | -502 | -127 | -92 | -87 |
| Net periodic pension benefit credit | -8 | -22 | -23 | -24 |
| Pension contributions | 41 | 64 | 69 | 45 |
| Net gain on sales of assets, businesses and investments | 4 | 9 | 109 | 100 |
| Restructuring and asset related charges - net | 27 | 1,034 | 23 | 591 |
| Other net (gain) loss | 14 | -306 | -30 | 81 |
| Accounts and notes receivable | 531 | -473 | -535 | 634 |
| Inventories | 180 | -80 | -26 | -63 |
| Accounts payable | 551 | -507 | -480 | -50 |
| Other assets and liabilities, net | -596 | 189 | -341 | 246 |
| Cash provided by (used for) operating activities - discontinued operations | 0 | -14 | -3 | 0 |
| Cash provided by operating activities | 1,124 | 284 | 1,127 | -470 |
| Capital expenditures | 503 | 568 | 564 | 662 |
| Proceeds from incentives related to capital expenditures | 40 | 13 | 132 | NaN |
| Cash flow hedging related to capital expenditures | -3 | 40 | NaN | NaN |
| Investment in gas field developments | 21 | 47 | 42 | 38 |
| Purchases of previously leased assets | NaN | 0 | NaN | NaN |
| Proceeds from sales of property, businesses and consolidated companies, net of cash divested | 4 | 4 | 4 | 128 |
| Acquisitions of property and businesses, net of cash acquired | NaN | 0 | 0 | NaN |
| Investments in and loans to nonconsolidated affiliates | 0 | 11 | 1 | 17 |
| Distributions and loan repayments from nonconsolidated affiliates | NaN | 0 | NaN | NaN |
| Proceeds from sale of equity method investments | NaN | 0 | 125 | NaN |
| Purchases of investments | 331 | 358 | 318 | 101 |
| Proceeds from sales and maturities of investments | 319 | 311 | 159 | 136 |
| Other investing activities, net | -41 | -27 | -10 | 7 |
| Cash used for investing activities | -448 | -669 | -495 | -561 |
| Changes in short-term notes payable | 0 | -41 | -12 | 49 |
| Proceeds from issuance of short-term debt greater than three months | 4 | 14 | 13 | 26 |
| Payments on short-term debt greater than three months | 4 | 17 | 5 | 35 |
| Proceeds from issuance of long-term debt | 52 | 126 | 1,545 | 94 |
| Payments on long-term debt | 46 | 254 | 93 | 157 |
| Collections on securitization programs | NaN | NaN | NaN | 20 |
| Proceeds from (repayments of) accounts receivable securitization | 0 | -6 | -3 | NaN |
| Purchases of treasury stock | NaN | 0 | 0 | 0 |
| Proceeds from issuance of parent company stock | NaN | 85 | 0 | 0 |
| Transaction financing, debt issuance and other costs | 1 | 7 | 45 | 21 |
| Employee taxes paid for share-based payment arrangements | 14 | 2 | 0 | 0 |
| Distributions to noncontrolling interests | 59 | 80 | 37 | 34 |
| Proceeds from noncontrolling interests | NaN | 0 | 510 | 2,433 |
| Dividends paid to stockholders | 252 | 251 | 249 | 496 |
| Other financing activities, net | NaN | -12 | 6 | NaN |
| Cash used for financing activities | -320 | -433 | 1,600 | 1,862 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -73 | 16 | 6 | 130 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 283 | -802 | 2,238 | 961 |
| Cash, cash equivalents and restricted cash at beginning of period | 3,952 | 4,754 | 2,516 | 1,555 |
| Cash, cash equivalents and restricted cash at end of period | 4,235 | 3,952 | 4,754 | 2,516 |
| Less restricted cash and cash equivalents, included in 'other current assets' | 125 | NaN | NaN | NaN |
| Cash and cash equivalents and end of period | 4,110 | NaN | NaN | NaN |
DOW INC. (DOW)
DOW INC. (DOW)