DOW INC., 10-Q filed on 7/25/2025
Quarterly Report
v3.25.2
Cover Page
 6 Months Ended
Jun. 30, 2025
$ / shares
shares
Document Information [Line Items]  
Document Type 10-Q
Document Quarterly Report true
Document Transition Report false
Entity Shell Company false
Entity Interactive Data Current Yes
Document Period End Date Jun. 30, 2025
Document Fiscal Year Focus 2025
Document Fiscal Period Focus Q2
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Dow Inc.
Entity Tax Identification Number 30-1128146
Entity File Number 001-38646
Entity Incorporation, State or Country Code DE
Entity Current Reporting Status Yes
Entity Shell Company false
Entity Filer Category Large Accelerated Filer
Entity Emerging Growth Company false
Entity Small Business false
Entity Central Index Key 0001751788
Current Fiscal Year End Date --12-31
Entity Addresses [Line Items]  
Entity Address, Address Line One 2211 H.H. Dow Way
Entity Address, City or Town Midland
Entity Address, State or Province MI
Entity Address, Postal Zip Code 48674
City Area Code 989
Local Phone Number 636-1000
Entity Listings [Line Items]  
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol DOW
Security Exchange Name NYSE
Entity Listing, Par Value Per Share | $ / shares $ 0.01
Entity Common Stock, Shares Outstanding | shares 708,844,151
The Dow Chemical Company  
Document Information [Line Items]  
Document Type 10-Q
Document Quarterly Report true
Document Transition Report false
Entity Shell Company false
Entity Interactive Data Current Yes
Document Period End Date Jun. 30, 2025
Document Fiscal Year Focus 2025
Document Fiscal Period Focus Q2
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name The Dow Chemical Company
Entity Tax Identification Number 38-1285128
Entity File Number 001-03433
Entity Incorporation, State or Country Code DE
Entity Current Reporting Status Yes
Entity Shell Company false
Entity Filer Category Non-accelerated Filer
Entity Emerging Growth Company false
Entity Small Business false
Entity Central Index Key 0000029915
Current Fiscal Year End Date --12-31
Entity Addresses [Line Items]  
Entity Address, Address Line One 2211 H.H. Dow Way
Entity Address, City or Town Midland
Entity Address, State or Province MI
Entity Address, Postal Zip Code 48674
City Area Code 989
Local Phone Number 636-1000
Entity Listings [Line Items]  
Entity Listing, Par Value Per Share | $ / shares $ 0.01
Entity Common Stock, Shares Outstanding | shares 100
The Dow Chemical Company | 0.500% Notes due March 15, 2027  
Entity Listings [Line Items]  
Title of 12(b) Security 0.500% Notes due March 15, 2027
Trading Symbol DOW/27
Security Exchange Name NYSE
The Dow Chemical Company | 1.125% Notes due March 15, 2032  
Entity Listings [Line Items]  
Title of 12(b) Security 1.125% Notes due March 15, 2032
Trading Symbol DOW/32
Security Exchange Name NYSE
The Dow Chemical Company | 1.875% Notes due March 15, 2040  
Entity Listings [Line Items]  
Title of 12(b) Security 1.875% Notes due March 15, 2040
Trading Symbol DOW/40
Security Exchange Name NYSE
The Dow Chemical Company | 4.625% Notes due October 1, 2044  
Entity Listings [Line Items]  
Title of 12(b) Security 4.625% Notes due October 1, 2044
Trading Symbol DOW/44
Security Exchange Name NYSE
v3.25.2
Dow Consolidated Statements of Income Statement - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 10,104 $ 10,915 $ 20,535 $ 21,680
Cost of sales 9,521 9,591 19,281 19,079
Research and development expenses 188 196 388 400
Selling, general and administrative expenses 347 390 713 832
Amortization of intangibles 63 77 139 158
Restructuring and asset related charges - net 591 0 799 45
Equity in earnings (losses) of nonconsolidated affiliates (30) 26 (50) 43
Sundry income (expense) - net 147 76 160 137
Interest income 39 42 67 107
Interest expense and amortization of debt discount 209 197 425 396
Income (loss) before income taxes (659) 608 (1,033) 1,057
Provision for income taxes 142 150 58 61
Net income (loss) (801) 458 (1,091) 996
Net income attributable to noncontrolling interests 34 19 51 41
Net income (loss) available for The Dow Chemical Company common stockholder $ (835) $ 439 $ (1,142) $ 955
Earnings (loss) per common share - basic $ (1.18) $ 0.62 $ (1.62) $ 1.35
Earnings (loss) per common share - diluted $ (1.18) $ 0.62 $ (1.62) $ 1.35
Weighted-average common shares outstanding - basic 709.5 703.8 708.2 704.1
Weighted-average common shares outstanding - diluted 709.5 705.3 708.2 705.5
v3.25.2
Dow Consolidated Statements of Comprehensive Income Statement - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income (loss) $ (801) $ 458 $ (1,091) $ 996
Other comprehensive income (loss), net of tax        
Unrealized gains (losses) on investments (22) 61 10 55
Cumulative translation adjustments 129 (43) 251 (165)
Pension and other postretirement benefit plans 21 17 41 34
Derivative instruments 2 (6) (18) (28)
Total other comprehensive income (loss) 130 29 284 (104)
Comprehensive income (loss) (671) 487 (807) 892
Comprehensive income attributable to noncontrolling interests, net of tax 34 19 51 41
Comprehensive income (loss) attributable to Dow Inc. $ (705) $ 468 $ (858) $ 851
v3.25.2
Dow Consolidated Balance Sheets Statement - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Cash and Cash Equivalents $ 2,399 $ 2,189
Trade (net of allowance for doubtful receivables - 2025: $72; 2024: $95) 5,426 4,756
Other 2,228 2,108
Inventories 6,701 6,544
Other current assets 958 993
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,712 16,590
Investment in nonconsolidated affiliates 1,262 1,266
Other investments (investments carried at fair value - 2025: $2,033; 2024: $2,047) 2,788 3,033
Noncurrent receivables 434 380
Total investments 4,484 4,679
Property 64,860 62,121
Less: Accumulated depreciation 42,384 40,117
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Goodwill 8,698 8,565
Other intangible assets (net of accumulated amortization - 2025: $5,660; 2024: $5,394) 1,606 1,721
Operating lease right-of-use assets 1,246 1,268
Deferred income tax assets 1,424 1,257
Deferred charges and other assets 1,345 1,228
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total Assets 58,991 57,312
Notes payable 149 135
Long-term debt due within one year 401 497
Accounts payable - Trade 4,944 4,847
Accounts payable - Other 1,697 1,694
Operating lease liabilities - current 325 318
Income taxes payable 314 276
Accrued Liabilities, Current 2,656 2,521
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,486 10,288
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Deferred income tax liabilities 378 392
Pension and other postretirement benefits - noncurrent 4,765 4,736
Asbestos-related liabilities - noncurrent 665 713
Operating lease liabilities - noncurrent 982 984
Other noncurrent obligations 6,876 6,637
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) 13,666 13,462
Common stock (authorized 5,000,000,000 shares of $0.01 par value each; issued 2025: 785,942,132 shares; 2024: 784,471,939 shares) 8 8
Additional Paid in Capital, Common Stock 10,758 9,203
Retained earnings 18,766 20,909
Accumulated other comprehensive loss (7,826) (8,110)
Treasury stock at cost (2025: 77,097,981 shares; 2024: 80,859,145 shares) (4,475) (4,655)
Dow Inc.’s stockholders’ equity 17,231 17,355
Noncontrolling interests 1,361 496
Total equity 18,592 17,851
Total Liabilities and Equity $ 58,991 $ 57,312
v3.25.2
Dow Consolidated Balance Sheets Parentheticals - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Accounts Receivable, Allowance for Credit Loss, Current $ 72 $ 95
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,712 16,590
Investments, Fair Value Disclosure 2,033 2,047
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Finite-Lived Intangible Assets, Accumulated Amortization 5,660 5,394
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,486 10,288
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) $ 13,666 $ 13,462
Common Stock, Shares Authorized 5,000,000,000 5,000,000,000
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares, Issued 785,942,132 784,471,939
Treasury Stock, Common, Shares 77,097,981 80,859,145
Variable Interest Entity, Primary Beneficiary [Member]    
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) $ 209 $ 55
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 2,380 122
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 212 15
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 365 24
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 176 0
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) $ 329 $ 13
v3.25.2
Dow Consolidated Statements of Cash Flows Statement - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Statement of Cash Flows [Abstract]    
Net income (loss) $ (1,091) $ 996
Depreciation and amortization 1,438 1,402
Provision (credit) for deferred income tax (131) 28
Earnings of nonconsolidated affiliates less than dividends received 220 156
Net periodic pension benefit credit (50) (95)
Pension contributions (76) (63)
Net gain on sales of assets, businesses and investments (102) (20)
Restructuring and asset related charges - net 799 45
Other net loss 104 155
Accounts and notes receivable (935) (485)
Inventories (158) (383)
Accounts payable (12) 544
Other assets and liabilities, net (372) (988)
Cash provided by (used for) operating activities - continuing operations (366) 1,292
Cash provided by (used for) operating activities - discontinued operations (13) 8
Cash provided by (used for) operating activities (379) 1,300
Capital expenditures (1,347) (1,437)
Investment in gas field developments (68) (96)
Proceeds from sales of property, businesses and consolidated companies, net of cash divested 131 8
Investments in and loans to nonconsolidated affiliates (20) (4)
Purchases of investments (205) (1,072)
Proceeds from sales and maturities of investments 552 1,824
Other investing activities, net (5) 12
Cash used for investing activities (962) (765)
Changes in short-term notes payable 48 26
Proceeds from issuance of short-term debt greater than three months 37 40
Payments on short-term debt greater than three months (41) 0
Proceeds from issuance of long-term debt 1,107 1,396
Payments on long-term debt (1,114) (183)
Collections on securitization programs 18 21
Purchases of treasury stock 0 (400)
Proceeds from issuance of stock 0 51
Transaction financing, debt issuance and other costs (85) (11)
Employee taxes paid for share-based payment arrangements (16) (38)
Distributions to noncontrolling interests (56) (47)
Proceeds from Noncontrolling Interests 2,433 0
Dividends paid to stockholders (990) (984)
Cash provided by (used for) financing activities 1,341 (129)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 253 (69)
Increase in cash, cash equivalents and restricted cash 253 337
Cash, cash equivalents and restricted cash at beginning of period 2,263 3,048
Cash, cash equivalents and restricted cash at end of period 2,516 3,385
Less: Restricted cash and cash equivalents, included in "Other current assets" 117 44
Cash and cash equivalents and end of period $ 2,399 $ 3,341
v3.25.2
Dow Consolidated Statements of Equity Statement - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Treasury Stock, Common
Total equity   $ 8 $ 8,880 $ 21,774 $ (7,681) $ (4,374)
Stock Issued During Period, Value, Common Stock     51      
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     199      
APIC, Stock Issued During Period, Value, Treasury Reissued - compensation and benefit plans     (118)      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     0      
Net income (loss) available for The Dow Chemical Company common stockholder $ 955     955    
Dividends, Common Stock       (984)    
Transfer of Business Under Common Control       10    
Stockholders' Equity, Other     0 (16)    
Other Comprehensive Income (Loss), Net of Tax $ (104)       (104)  
Treasury Stock, Value, Acquired, Cost Method           (400)
Stock Issued During Period, Value Treasury Stock Reissued - compensation and benefit plans           118
Common Stock, Dividends, Per Share, Declared $ 1.40          
Total equity   8 8,942 21,796 (7,814) (4,507)
Stock Issued During Period, Value, Common Stock     9      
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     112      
APIC, Stock Issued During Period, Value, Treasury Reissued - compensation and benefit plans     (51)      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     0      
Net income (loss) available for The Dow Chemical Company common stockholder $ 439     439    
Dividends, Common Stock       (491)    
Transfer of Business Under Common Control       0    
Stockholders' Equity, Other     0 (5)    
Other Comprehensive Income (Loss), Net of Tax $ 29       29  
Treasury Stock, Value, Acquired, Cost Method           (200)
Stock Issued During Period, Value Treasury Stock Reissued - compensation and benefit plans           51
Common Stock, Dividends, Per Share, Declared $ 0.70          
Dow Inc.’s stockholders’ equity $ 18,318          
Noncontrolling interests 482          
Total equity 18,800 8 9,012 21,739 (7,785) (4,656)
Dow Inc.’s stockholders’ equity 17,355          
Noncontrolling interests 496          
Total equity 17,851 8 9,203 20,909 (8,110) (4,655)
Stock Issued During Period, Value, Common Stock     0      
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     196      
APIC, Stock Issued During Period, Value, Treasury Reissued - compensation and benefit plans     (180)      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     1,540      
Net income (loss) available for The Dow Chemical Company common stockholder (1,142)     (1,142)    
Dividends, Common Stock       (990)    
Transfer of Business Under Common Control       0    
Stockholders' Equity, Other     (1) (11)    
Other Comprehensive Income (Loss), Net of Tax $ 284       284  
Treasury Stock, Value, Acquired, Cost Method           0
Stock Issued During Period, Value Treasury Stock Reissued - compensation and benefit plans           180
Common Stock, Dividends, Per Share, Declared $ 1.40          
Total equity   8 9,195 20,101 (7,956) (4,560)
Stock Issued During Period, Value, Common Stock     0      
APIC, Share-based Payment Arrangement, Increase for Cost Recognition     109      
APIC, Stock Issued During Period, Value, Treasury Reissued - compensation and benefit plans     (85)      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     1,540      
Net income (loss) available for The Dow Chemical Company common stockholder $ (835)     (835)    
Dividends, Common Stock       (496)    
Transfer of Business Under Common Control       0    
Stockholders' Equity, Other     (1) (4)    
Other Comprehensive Income (Loss), Net of Tax $ 130       130  
Treasury Stock, Value, Acquired, Cost Method           0
Stock Issued During Period, Value Treasury Stock Reissued - compensation and benefit plans           85
Common Stock, Dividends, Per Share, Declared $ 0.70          
Dow Inc.’s stockholders’ equity $ 17,231          
Noncontrolling interests 1,361          
Total equity $ 18,592 $ 8 $ 10,758 $ 18,766 $ (7,826) $ (4,475)
v3.25.2
Consolidated Statements of Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net sales $ 10,104 $ 10,915 $ 20,535 $ 21,680
Cost of sales 9,521 9,591 19,281 19,079
Research and development expenses 188 196 388 400
Selling, general and administrative expenses 347 390 713 832
Amortization of intangibles 63 77 139 158
Restructuring and asset related charges - net 591 0 799 45
Equity in earnings (losses) of nonconsolidated affiliates (30) 26 (50) 43
Sundry income (expense) - net 147 76 160 137
Interest income 39 42 67 107
Interest expense and amortization of debt discount 209 197 425 396
Income (loss) before income taxes (659) 608 (1,033) 1,057
Provision for income taxes 142 150 58 61
Net income (loss) (801) 458 (1,091) 996
Net income attributable to noncontrolling interests 34 19 51 41
Net income (loss) available for The Dow Chemical Company common stockholder (835) 439 (1,142) 955
The Dow Chemical Company        
Net sales 10,104 10,915 20,535 21,680
Cost of sales 9,520 9,590 19,279 19,077
Research and development expenses 188 196 388 400
Selling, general and administrative expenses 347 390 713 832
Amortization of intangibles 63 77 139 158
Restructuring and asset related charges - net 591 0 799 45
Equity in earnings (losses) of nonconsolidated affiliates (30) 26 (50) 43
Sundry income (expense) - net 163 74 176 135
Interest income 41 45 70 114
Interest expense and amortization of debt discount 209 197 425 396
Income (loss) before income taxes (640) 610 (1,012) 1,064
Provision for income taxes 142 150 58 61
Net income (loss) (782) 460 (1,070) 1,003
Net income attributable to noncontrolling interests 34 19 51 41
Net income (loss) available for The Dow Chemical Company common stockholder $ (816) $ 441 $ (1,121) $ 962
v3.25.2
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net income (loss) $ (801) $ 458 $ (1,091) $ 996
Other comprehensive income (loss), net of tax        
Unrealized gains (losses) on investments (22) 61 10 55
Cumulative translation adjustments 129 (43) 251 (165)
Pension and other postretirement benefit plans 21 17 41 34
Derivative instruments 2 (6) (18) (28)
Other Comprehensive Income (Loss), Net of Tax 130 29 284 (104)
Comprehensive Income (671) 487 (807) 892
Comprehensive income attributable to noncontrolling interests, net of tax 34 19 51 41
Comprehensive income (loss) attributable to Dow Inc. (705) 468 (858) 851
The Dow Chemical Company        
Net income (loss) (782) 460 (1,070) 1,003
Other comprehensive income (loss), net of tax        
Unrealized gains (losses) on investments (22) 61 10 55
Cumulative translation adjustments 129 (43) 251 (165)
Pension and other postretirement benefit plans 21 17 41 34
Derivative instruments 2 (6) (18) (28)
Other Comprehensive Income (Loss), Net of Tax 130 29 284 (104)
Comprehensive Income (652) 489 (786) 899
Comprehensive income attributable to noncontrolling interests, net of tax 34 19 51 41
Comprehensive income (loss) attributable to Dow Inc. $ (686) $ 470 $ (837) $ 858
v3.25.2
TDCC Consolidated Balance Sheets (Statement) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Cash and Cash Equivalents $ 2,399 $ 2,189
Trade (net of allowance for doubtful receivables - 2025: $72; 2024: $95) 5,426 4,756
Other 2,228 2,108
Inventories 6,701 6,544
Other current assets 958 993
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,712 16,590
Investment in nonconsolidated affiliates 1,262 1,266
Other investments (investments carried at fair value - 2025: $2,033; 2024: $2,047) 2,788 3,033
Noncurrent receivables 434 380
Total investments 4,484 4,679
Property 64,860 62,121
Less: Accumulated depreciation 42,384 40,117
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Goodwill 8,698 8,565
Other intangible assets (net of accumulated amortization - 2025: $5,660; 2024: $5,394) 1,606 1,721
Operating lease right-of-use assets 1,246 1,268
Deferred income tax assets 1,424 1,257
Deferred charges and other assets 1,345 1,228
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total Assets 58,991 57,312
Notes payable 149 135
Long-term debt due within one year 401 497
Accounts payable - Trade 4,944 4,847
Accounts payable - Other 1,697 1,694
Operating lease liabilities - current 325 318
Income taxes payable 314 276
Accrued Liabilities, Current 2,656 2,521
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,486 10,288
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Deferred income tax liabilities 378 392
Pension and other postretirement benefits - noncurrent 4,765 4,736
Asbestos-related liabilities - noncurrent 665 713
Operating lease liabilities - noncurrent 982 984
Other noncurrent obligations 6,876 6,637
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) 13,666 13,462
Common stock (authorized and issued 100 shares of $0.01 par value each) 8 8
Additional Paid in Capital, Common Stock 10,758 9,203
Retained earnings 18,766 20,909
Accumulated other comprehensive loss (7,826) (8,110)
Dow Inc.’s stockholders’ equity 17,231 17,355
Noncontrolling interests 1,361 496
Total equity 18,592 17,851
Total Liabilities and Equity 58,991 57,312
The Dow Chemical Company    
Cash and Cash Equivalents 2,399 2,189
Trade (net of allowance for doubtful receivables - 2025: $72; 2024: $95) 5,426 4,756
Other 2,236 2,116
Inventories 6,701 6,544
Other current assets 921 960
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,683 16,565
Investment in nonconsolidated affiliates 1,262 1,266
Other investments (investments carried at fair value - 2025: $2,033; 2024: $2,047) 2,788 3,033
Noncurrent receivables 427 374
Total investments 4,477 4,673
Property 64,860 62,121
Less: Accumulated depreciation 42,384 40,117
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Goodwill 8,698 8,565
Other intangible assets (net of accumulated amortization - 2025: $5,660; 2024: $5,394) 1,606 1,721
Operating lease right-of-use assets 1,246 1,268
Deferred income tax assets 1,424 1,257
Deferred charges and other assets 1,345 1,228
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total Assets 58,955 57,281
Notes payable 149 135
Long-term debt due within one year 401 497
Accounts payable - Trade 4,944 4,847
Accounts payable - Other 1,714 1,732
Operating lease liabilities - current 325 318
Income taxes payable 314 276
Accrued Liabilities, Current 2,535 2,405
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,382 10,210
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Deferred income tax liabilities 378 392
Pension and other postretirement benefits - noncurrent 4,765 4,736
Asbestos-related liabilities - noncurrent 665 713
Operating lease liabilities - noncurrent 982 984
Other noncurrent obligations 6,737 6,503
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) 13,527 13,328
Common stock (authorized and issued 100 shares of $0.01 par value each) 0 0
Additional Paid in Capital, Common Stock 11,362 9,626
Retained earnings 13,902 16,020
Accumulated other comprehensive loss (7,826) (8,110)
Dow Inc.’s stockholders’ equity 17,438 17,536
Noncontrolling interests 1,361 496
Total equity 18,799 18,032
Total Liabilities and Equity $ 58,955 $ 57,281
v3.25.2
TDCC Consolidated Statements of Cash Flows Statement - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Net income (loss) $ (1,091) $ 996
Depreciation and amortization 1,438 1,402
Provision (credit) for deferred income tax (131) 28
Earnings of nonconsolidated affiliates less than dividends received 220 156
Net periodic pension benefit credit (50) (95)
Pension contributions (76) (63)
Net gain on sales of assets, businesses and investments (102) (20)
Restructuring and asset related charges - net 799 45
Other net loss 104 155
Accounts and notes receivable (935) (485)
Inventories (158) (383)
Accounts payable (12) 544
Other assets and liabilities, net (372) (988)
Cash provided by (used for) operating activities (379) 1,300
Capital expenditures (1,347) (1,437)
Investment in gas field developments (68) (96)
Proceeds from sales of property, businesses and consolidated companies, net of cash divested 131 8
Investments in and loans to nonconsolidated affiliates (20) (4)
Purchases of investments (205) (1,072)
Proceeds from sales and maturities of investments 552 1,824
Other investing activities, net (5) 12
Cash used for investing activities (962) (765)
Changes in short-term notes payable 48 26
Proceeds from issuance of short-term debt greater than three months 37 40
Payments on short-term debt greater than three months (41) 0
Proceeds from issuance of long-term debt 1,107 1,396
Payments on long-term debt (1,114) (183)
Collections on securitization programs 18 21
Proceeds from issuance of stock 0 51
Transaction financing, debt issuance and other costs (85) (11)
Employee taxes paid for share-based payment arrangements (16) (38)
Distributions to noncontrolling interests (56) (47)
Proceeds from Noncontrolling Interests 2,433 0
Dividends paid to stockholders (990) (984)
Cash provided by (used for) financing activities 1,341 (129)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 253 (69)
Increase in cash, cash equivalents and restricted cash 253 337
Cash, cash equivalents and restricted cash at beginning of period 2,263 3,048
Cash, cash equivalents and restricted cash at end of period 2,516 3,385
Less: Restricted cash and cash equivalents, included in "Other current assets" 117 44
Cash and cash equivalents and end of period 2,399 3,341
The Dow Chemical Company    
Net income (loss) (1,070) 1,003
Depreciation and amortization 1,438 1,402
Provision (credit) for deferred income tax (131) 28
Earnings of nonconsolidated affiliates less than dividends received 220 156
Net periodic pension benefit credit (50) (95)
Pension contributions (76) (63)
Net gain on sales of assets, businesses and investments (102) (20)
Restructuring and asset related charges - net 799 45
Other net loss 105 156
Accounts and notes receivable (935) (485)
Inventories (158) (383)
Accounts payable (12) 544
Other assets and liabilities, net (412) (988)
Cash provided by (used for) operating activities (384) 1,300
Capital expenditures (1,347) (1,437)
Investment in gas field developments (68) (96)
Proceeds from sales of property, businesses and consolidated companies, net of cash divested 131 8
Investments in and loans to nonconsolidated affiliates (20) (4)
Purchases of investments (205) (1,072)
Proceeds from sales and maturities of investments 552 1,824
Other investing activities, net (5) 12
Cash used for investing activities (962) (765)
Changes in short-term notes payable 48 26
Proceeds from issuance of short-term debt greater than three months 37 40
Payments on short-term debt greater than three months (41) 0
Proceeds from issuance of long-term debt 1,107 1,396
Payments on long-term debt (1,114) (183)
Collections on securitization programs 18 21
Proceeds from issuance of stock 0 51
Transaction financing, debt issuance and other costs (85) (11)
Employee taxes paid for share-based payment arrangements (16) (38)
Distributions to noncontrolling interests (56) (47)
Proceeds from Noncontrolling Interests 2,433 0
Dividends paid to stockholders (985) (1,384)
Cash provided by (used for) financing activities 1,346 (129)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 253 (69)
Increase in cash, cash equivalents and restricted cash 253 337
Cash, cash equivalents and restricted cash at beginning of period 2,263 3,048
Cash, cash equivalents and restricted cash at end of period 2,516 3,385
Less: Restricted cash and cash equivalents, included in "Other current assets" 117 44
Cash and cash equivalents and end of period $ 2,399 $ 3,341
v3.25.2
Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Dow Inc. [Member]
Retained Earnings [Member]
The Dow Chemical Company
The Dow Chemical Company
Common Stock [Member]
The Dow Chemical Company
Additional Paid-in Capital [Member]
The Dow Chemical Company
Retained Earnings [Member]
The Dow Chemical Company
Accumulated Other Comprehensive Loss
The Dow Chemical Company
Noncontrolling Interests
Total Equity, Beginning at Dec. 31, 2023   $ 8 $ 8,880 $ 21,774 $ (7,681) $ 501     $ 0 $ 9,091 $ 17,495 $ (7,681)  
Stock Issued                   51      
Stock-based compensation and allocation of ESOP shares     199             199      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     0             0      
Net income available for The Dow Chemical Company common stockholder $ 955     955       $ 962     962    
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Subsidiaries and Equity Method Investees             $ (1,477)            
Other     0 16             (16)    
Other comprehensive income (104)       (104)     (104)       (104)  
Total Equity, Ending at Jun. 30, 2024 18,800 8 9,012 21,739 (7,785) 482   19,002 0 9,341 16,964 (7,785) $ 482
Total Equity, Beginning at Mar. 31, 2024   8 8,942 21,796 (7,814) 492     0 9,220 17,214 (7,814)  
Stock Issued                   9      
Stock-based compensation and allocation of ESOP shares     112             112      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     0             0      
Net income available for The Dow Chemical Company common stockholder 439     439       441     441    
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Subsidiaries and Equity Method Investees             (686)            
Other     0 5             (5)    
Other comprehensive income 29       29     29       29  
Total Equity, Ending at Jun. 30, 2024 18,800 8 9,012 21,739 (7,785) 482   19,002 0 9,341 16,964 (7,785) 482
The Dow Chemical Company’s stockholders’ equity 18,318             18,520          
The Dow Chemical Company’s stockholders’ equity 17,355             17,536          
Total Equity, Beginning at Dec. 31, 2024 17,851 8 9,203 20,909 (8,110) 496   18,032 0 9,626 16,020 (8,110)  
Stock Issued                   0      
Stock-based compensation and allocation of ESOP shares     196             196      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     1,540             1,540      
Net income available for The Dow Chemical Company common stockholder (1,142)     (1,142)       (1,121)     (1,121)    
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Subsidiaries and Equity Method Investees             (985)            
Other     1 11             (12)    
Other comprehensive income 284       284     284       284  
Total Equity, Ending at Jun. 30, 2025 18,592 8 10,758 18,766 (7,826) 1,361   18,799 0 11,362 13,902 (7,826) 1,361
Total Equity, Beginning at Mar. 31, 2025   8 9,195 20,101 (7,956) 507     0 9,713 15,193 (7,956)  
Stock Issued                   0      
Stock-based compensation and allocation of ESOP shares     109             109      
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable     1,540             1,540      
Net income available for The Dow Chemical Company common stockholder (835)     (835)       (816)     (816)    
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Subsidiaries and Equity Method Investees             $ (470)            
Other     1 4             (5)    
Other comprehensive income 130       130     130       130  
Total Equity, Ending at Jun. 30, 2025 18,592 $ 8 $ 10,758 $ 18,766 $ (7,826) $ 1,361   18,799 $ 0 $ 11,362 $ 13,902 $ (7,826) $ 1,361
The Dow Chemical Company’s stockholders’ equity $ 17,231             $ 17,438          
v3.25.2
Dow Consolidated Statements of Income - Supplemental Info - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Supplemental Income Statement Elements [Abstract]        
Depreciation $ 538 $ 488 $ 1,050 $ 969
Capital expenditures $ 662 $ 723 $ 1,347 $ 1,437
v3.25.2
TDCC Consolidated Statements of Income - Supplemental Info - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Depreciation $ 538 $ 488 $ 1,050 $ 969
Capital expenditures 662 723 1,347 1,437
The Dow Chemical Company        
Depreciation 538 488 1,050 969
Capital expenditures $ 662 $ 723 $ 1,347 $ 1,437
v3.25.2
TDCC Consolidated Balance Sheets Parentheticals - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Accounts Receivable, Allowance for Credit Loss, Current $ 72 $ 95
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,712 16,590
Investments, Fair Value Disclosure 2,033 2,047
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Finite-Lived Intangible Assets, Accumulated Amortization 5,660 5,394
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,486 10,288
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) $ 13,666 $ 13,462
Common Stock, Shares, Issued 785,942,132 784,471,939
Common Stock, Shares Authorized 5,000,000,000 5,000,000,000
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Variable Interest Entity, Primary Beneficiary [Member]    
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) $ 209 $ 55
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 2,380 122
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 212 15
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 365 24
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 176 0
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) 329 13
The Dow Chemical Company    
Accounts Receivable, Allowance for Credit Loss, Current 72 95
Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) 17,683 16,565
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004
Finite-Lived Intangible Assets, Accumulated Amortization 5,660 5,394
Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) 14,319 14,039
Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) 10,382 10,210
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711
Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) $ 13,527 $ 13,328
Common Stock, Shares, Issued 100 100
Common Stock, Shares Authorized 100 100
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
v3.25.2
CONSOLIDATED FINANCIAL STATEMENTS (Notes)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS
Basis of Presentation
Dow Inc. is the direct parent company of The Dow Chemical Company and its consolidated subsidiaries ("TDCC" and together with Dow Inc., "Dow" or the "Company"). The unaudited interim consolidated financial statements of Dow Inc. and TDCC were prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and reflect all adjustments (including normal recurring accruals) which, in the opinion of management, are considered necessary for the fair presentation of the results for the periods presented. These statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the combined Dow Inc. and TDCC Annual Report on Form 10-K for the year ended December 31, 2024 ("2024 10-K").

As a result of the parent/subsidiary relationship between Dow Inc. and TDCC, and considering that the financial statements and disclosures of each company are substantially similar, the companies are filing a combined report for this Quarterly Report on Form 10-Q. The information reflected in the report is equally applicable to both Dow Inc. and TDCC, except where otherwise noted. Transactions between TDCC and Dow Inc. are treated as related party transactions for TDCC.
Except as otherwise indicated by the context, the term "Union Carbide" means Union Carbide Corporation, a wholly owned subsidiary of the Company. Additionally, the term "Diamond Infrastructure Solutions" means Dow InfraCo, LLC, an entity that owns and operates infrastructure assets at certain Dow locations on the U.S. Gulf Coast and became a consolidated variable interest entity effective May 1, 2025. See Notes 17 and 22 for additional information about Diamond Infrastructure Solutions.
v3.25.2
RECENT ACCOUNTING GUIDANCE (Notes)
 6 Months Ended
Jun. 30, 2025
Accounting Changes and Error Corrections [Abstract]  
RECENT ACCOUNTING GUIDANCE RECENT ACCOUNTING GUIDANCE
Recently Adopted Accounting Guidance
In the fourth quarter of 2024, the Company adopted the annual and interim disclosure requirements of Accounting Standards Update ("ASU") 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures." The amendments expand a public business entity's segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker ("CODM"), clarifying when an entity may report one or more additional measures to assess segment performance, requiring enhanced interim disclosures, providing new disclosure requirements for entities with a single reportable segment, and requiring other new disclosures. See Note 23 for applicable reportable segment disclosures required by this guidance.

Accounting Guidance Issued But Not Adopted at June 30, 2025
In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, "Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which is intended to enhance the transparency, decision usefulness and effectiveness of income tax disclosures. The amendments in this ASU require a public business entity to disclose a tabular tax rate reconciliation, using both percentages and currency, with specific categories. A public business entity is also required to provide a qualitative description of the states and local jurisdictions that make up the majority of the effect of the state and local income tax category and the net amount of income taxes paid, disaggregated by federal, state and foreign taxes and also disaggregated by individual jurisdictions. The amendments also remove certain disclosures that are no longer considered cost beneficial. The amendments are effective prospectively for annual periods beginning after December 15, 2024, and early adoption and retrospective application are permitted. The adoption of the ASU is not expected to have a material impact on the Company's consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses," which is intended to improve disclosures about a public business entity's expenses and address requests from investors for more detailed information about the types of expenses in commonly presented expense captions. Such information should allow investors to better understand an entity's performance, assess future cash flows, and compare performance over time and with other entities. The amendments will require public business entities to disclose in the notes to the financial statements, at each interim and annual reporting period, specific information about certain costs and expenses, including purchases of inventory, employee compensation, depreciation, and intangible asset amortization included in each expense caption presented on the face of the income statement, and the total amount of an entity's selling expenses. The amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027, and may be applied either prospectively or retrospectively. Early adoption is permitted. The Company is currently evaluating the impact of adopting this guidance on the consolidated financial statements.

SEC Final Rules Not Adopted at June 30, 2025
In March 2024, the U.S. Securities and Exchange Commission ("SEC") adopted final rules under SEC Release Nos. 33-11275 and 34-99678, "The Enhancement and Standardization of Climate-Related Disclosures for Investors," which requires registrants to disclose certain climate-related information in registration statements and annual reports. As a large accelerated filer, most disclosure requirements would be effective for the Company beginning in the year ending December 31, 2025, with certain greenhouse gas emissions disclosures required for the year ending December 31, 2026. In April 2024, the SEC issued an order to stay the final rules until various legal challenges are resolved by the U.S. Court of Appeals for the Eighth Circuit ("Court of Appeals"). In March 2025, the SEC voted to end its defense of the final rules; however, the Court of Appeals may still rule on the matter.
v3.25.2
REVENUE (Notes)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block] REVENUE
Revenue Recognition
The majority of the Company's revenue is derived from product sales. The Company's revenue related to product sales was 98 percent and 97 percent for the three and six months ended June 30, 2025, respectively (97 percent and 98 percent for the three and six months ended June 30, 2024, respectively). The remaining sales were primarily related to the Company's insurance operations and licensing of patents and technologies. Product sales consist of sales of the Company's products to manufacturers and distributors. The Company considers order confirmations or purchase orders, which in some cases are governed by master supply agreements, to be contracts with a customer. The Company enters into licensing arrangements in which it licenses certain rights of its patents and technology to customers. Revenue from the Company’s licenses for patents and technology is derived from sales-based royalties and licensing arrangements based on billing schedules established in each contract.

Remaining Performance Obligations
Remaining performance obligations represent the transaction price allocated to unsatisfied or partially unsatisfied performance obligations. At June 30, 2025, the Company had unfulfilled performance obligations of $762 million ($759 million at December 31, 2024) related to the licensing of technology. The Company expects revenue to be recognized for the remaining performance obligations over the next five years.

The Company has additional remaining performance obligations for product sales that have expected durations of one year or less, product sales of materials delivered through a pipeline for which the Company has elected the "right to invoice" practical expedient, and variable consideration attributable to royalties for licenses of patents and technology. The Company has received advance payments from customers related to long-term supply agreements that are deferred and recognized over the life of the contract, with remaining contract terms that range up to 18 years. The Company will have rights to future consideration for revenue recognized when product is delivered to the customer. These payments are included in "Accrued and other current liabilities" and "Other noncurrent obligations" in the consolidated balance sheets.

Disaggregation of Revenue
The Company disaggregates its revenue from contracts with customers by operating segment and business, as the Company believes it best depicts the nature, amount, timing and uncertainty of its revenue and cash flows. See details in the tables below:

Net Trade Sales by Segment and BusinessThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Hydrocarbons & Energy$1,350 $1,447 $2,928 $2,914 
Packaging and Specialty Plastics3,675 4,068 7,407 8,031 
Packaging & Specialty Plastics$5,025 $5,515 $10,335 $10,945 
Industrial Solutions $985 $1,040 $2,039 $2,068 
Polyurethanes & Construction Chemicals1,797 1,909 3,594 3,886 
Other4 2 8 5 
Industrial Intermediates & Infrastructure$2,786 $2,951 $5,641 $5,959 
Coatings & Performance Monomers$864 $928 $1,709 $1,813 
Consumer Solutions1,265 1,315 2,491 2,582 
Performance Materials & Coatings$2,129 $2,243 $4,200 $4,395 
Corporate$164 $206 $359 $381 
Total$10,104 $10,915 $20,535 $21,680 
Net Trade Sales by Geographic RegionThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
U.S. & Canada$3,988 $4,191 $8,215 $8,321 
EMEAI 1
3,272 3,572 6,546 7,056 
Asia Pacific1,737 1,901 3,595 3,822 
Latin America1,107 1,251 2,179 2,481 
Total$10,104 $10,915 $20,535 $21,680 
1.Europe, Middle East, Africa and India.

Contract Assets and Liabilities
The Company receives payments from customers based upon contractual billing schedules. Accounts receivable are recorded when the right to consideration becomes unconditional. Contract assets include amounts related to the Company's contractual right to consideration for completed performance obligations not yet invoiced. Contract liabilities include payments received in advance of performance under the contract and are recognized in revenue when the performance obligations are met. "Contract liabilities - current" primarily reflects deferred revenue from prepayments from customers for product to be delivered in 12 months or less and royalty payments that are deferred and will be recognized in 12 months or less. "Contract liabilities - noncurrent" includes advance payments that the Company has received from customers related to long-term supply agreements and royalty payments that are deferred and recognized over the life of the contract.

Revenue recognized in the first six months of 2025 from amounts included in contract liabilities at the beginning of the period was approximately $130 million (approximately $90 million in the first six months of 2024). In the first six months of 2025 and 2024, the amount of contract assets reclassified to receivables as a result of the right to the transaction consideration becoming unconditional was insignificant.

The following table summarizes contract assets and liabilities at June 30, 2025 and December 31, 2024:

Contract Assets and LiabilitiesBalance Sheet ClassificationJun 30, 2025Dec 31, 2024
In millions
Accounts and notes receivable - tradeAccounts and notes receivable - trade$5,426 $4,756 
Contract assets - noncurrentDeferred charges and other assets$— $2 
Contract liabilities - currentAccrued and other current liabilities$196 $244 
Contract liabilities - noncurrent Other noncurrent obligations$1,431 $1,480 
v3.25.2
Acquisitions and Divestitures
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Mergers, Acquisitions and Dispositions Disclosures DIVESTITURES
Divestiture of Soil Fumigation Product Line
On May 1, 2025, the Company sold TeloneTM, a soil fumigation product line, and certain related assets, to TriCal Soil Solutions, Inc. ("TriCal"), a distributor and applicator of soil fumigation products, for cash proceeds of $121 million, net of costs to sell and other transaction expenses and subject to customary post-closing adjustments. Under the sale and purchase agreement, Dow retained ownership of the related production assets, which are leased to TriCal as part of a toll manufacturing arrangement that directs the Company to manufacture and deliver certain products to TriCal. These asset leases are classified as operating leases. Dow and TriCal have also entered into a site services agreement related to certain services the Company will provide to TriCal at its site in Stade, Germany. Divested assets included property with a net book value of $5 million and goodwill of $10 million. The Company recognized a pretax gain of $103 million in the second quarter of 2025, included in "Sundry income (expense) - net" in the consolidated statements of income and related to Industrial Intermediates & Infrastructure.

The Company evaluated the divestiture of its soil fumigation product line and determined the divestiture did not represent a strategic shift that had a major effect on the Company’s operations and financial results and did not qualify as an individually significant component of the Company. As a result, the divestiture is not reported as discontinued operations.
Divestiture of Investment in DowAksa
On June 2, 2025, the Company announced it entered into a definitive agreement to sell its ownership interest in DowAksa Advanced Composites Holdings BV ("DowAksa"), a nonconsolidated affiliate, to its joint venture partner, Aksa Akrilik Kimya Sanayii A.Ş., for approximately $125 million. The Company is targeting to close the transaction in the third quarter of 2025, subject to regulatory approval and other closing conditions, and expects to record a gain on the transaction.
v3.25.2
RESTRUCTURING AND ASSET RELATED CHARGES - NET (Notes)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure [Text Block] RESTRUCTURING AND ASSET RELATED CHARGES - NET
Charges for restructuring programs and other asset related charges, which include asset impairments, are recorded in "Restructuring and asset related charges - net" in the consolidated statements of income. For additional information on the Company's 2023 Restructuring Program and other asset related charges, see Note 5 to the Consolidated Financial Statements included in the 2024 10-K.

2025 Restructuring Program
On January 27, 2025, the Dow Inc. Board of Directors ("Board") approved targeted actions to further achieve the Company's cost reduction initiatives in response to ongoing macroeconomic uncertainty, while reinforcing its long-term competitiveness across the economic cycle. The actions include a workforce reduction of approximately 1,500 roles. As a result of these actions, in the first quarter of 2025 the Company recorded pretax charges of $207 million for severance and related benefits costs, included in "Restructuring and asset related charges - net" in the consolidated statements of income, related to Corporate. These actions are expected to be substantially complete by the end of 2026.

On June 30, 2025, the Board approved restructuring actions to rationalize the Company's global asset footprint, including certain actions identified as part of the Company's previously announced strategic review of its European assets and certain corporate and other assets, and to enhance the Company's competitiveness over the economic cycle. The program includes asset write-down and write-off charges, severance and related benefit costs and other exit and disposal costs. As a result of these actions, in the second quarter of 2025 the Company recorded pretax restructuring charges of $591 million, consisting of severance and related benefit costs of $154 million, asset write-downs and write-offs of $334 million and costs associated with exit and disposal activities of $103 million. The impact of these charges is shown as "Restructuring and asset related charges - net" in the consolidated statements of income. See Note 21 for additional information on nonrecurring fair value measurements. The following table summarizes the activities related to the 2025 Restructuring Program, including segment information:

2025 Restructuring ProgramSeverance and Related Benefit CostsAsset Write-downs and Write-offsCosts Associated with Exit and Disposal ActivitiesTotal
In millions
Corporate$207 $— $— $207 
Total restructuring charges$207 $— $— $207 
Reserve balance at Mar 31, 2025$207 $— $— $207 
Packaging & Specialty Plastics$— $81 $77 $158 
Industrial Intermediates & Infrastructure— 63 26 89 
Performance Materials & Coatings— 147 — 147 
Corporate154 43 — 197 
Total restructuring charges$154 $334 $103 $591 
Charges against the reserve 1
— (334)(103)(437)
Cash payments(16)— — (16)
Reserve balance at Jun 30, 2025$345 $— $— $345 
1.Costs associated with exit and disposal activities relate to asset retirement obligations.

At June 30, 2025, $178 million of the restructuring reserve balance was included in "Accrued and other current liabilities" and $167 million was included in "Other noncurrent obligations" in the consolidated balance sheets.
The Company recorded pretax restructuring charges of $798 million inception-to-date under the 2025 Restructuring Program, consisting of severance and related benefit costs of $361 million, asset write-downs and write-offs of $334 million and costs associated with exit and disposal activities of $103 million.

Restructuring implementation costs, primarily decommissioning and demolition activities related to asset actions and costs associated with the Company's restructuring actions, are expected to result in additional cash expenditures of approximately $225 million. Restructuring implementation costs totaled $5 million for the three and six months ended June 30, 2025.

Severance and Related Benefit Costs
Severance benefits are provided to employees primarily under Dow's ongoing benefit arrangements and are accrued against the Corporate segment once management commits to a plan of termination. The 2025 Restructuring Program included charges for severance and related benefit costs of $361 million. At June 30, 2025, $16 million in severance payments had been made.

Asset Write-downs and Write-offs
The 2025 Restructuring Program included charges related to the write-down and write-off of assets totaling $334 million. Details regarding the asset write-downs and write-offs are as follows:

•Packaging & Specialty Plastics recorded a charge to rationalize its global asset footprint by shutting down an ethylene facility in Böhlen, Germany by the end of 2027.
•Industrial Intermediates & Infrastructure recorded a charge to primarily rationalize its global asset footprint by shutting down certain chlor-alkali and vinyl assets in Schkopau, Germany by the end of 2027.
•Performance Materials & Coatings recorded a charge to primarily rationalize its global asset footprint by shutting down a basics siloxanes plant in Barry, United Kingdom by mid-year 2026.
•Corporate recorded charges related to the write-down of certain Company owned and leased non-manufacturing facilities and other assets.

Costs Associated with Exit and Disposal Activities
The Company accrued additional asset retirement obligations of $111 million in the second quarter of 2025 associated with the asset shutdowns noted above, resulting in charges of $103 million after the impact of estimated recoveries. See Note 14 for additional information related to the Company’s asset retirement obligations. It is reasonably possible the Company will incur approximately $60 million of future charges related to costs associated with exit and disposal activities.

In addition, the Company is assessing potential environmental remediation activities associated with the asset actions noted above, which could result in additional charges and cash payments in the future. The Company intends to continue operating other assets at the sites impacted by these actions.

2023 Restructuring Program
Actions related to the restructuring program approved by the Board on January 25, 2023, were complete at the end of the second quarter of 2025. In the first quarter of 2025, the Company recorded an additional pretax restructuring charge of $5 million for asset write-downs and write-offs and an asset related credit adjustment of $4 million, included in "Restructuring and asset related charges - net" in the consolidated statements of income, related to Industrial Intermediates & Infrastructure. See Note 21 for additional information on nonrecurring fair value measurements. Restructuring implementation and efficiency costs were zero and $50 million for the three and six months ended June 30, 2025, respectively ($56 million and $102 million for the three and six months ended June 30, 2024, respectively).
v3.25.2
SUPPLEMENTARY INFORMATION (Notes)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplementary Information Disclosure [Text Block] SUPPLEMENTARY INFORMATION
Dow Inc. Sundry Income (Expense) – NetThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Non-operating pension and other postretirement benefit plan net credits 1
$36 $61 $74 $122 
Foreign exchange gains (losses) 2
4 (12)11 (35)
Gain (loss) on sales of other assets and investments(2)10 (5)19 
Gain on divestiture of soil fumigation product line 3
103 — 103 — 
Gain (loss) on early extinguishment of debt 4
— 5 (60)5 
Indemnification and other transaction related costs 5
(17)1 (17)1 
Other - net23 11 54 25 
Total sundry income (expense) – net$147 $76 $160 $137 
1.See Note 18 for additional information.
2.Foreign exchange losses for the three months ended June 30, 2024 relate primarily to exposures in the Argentine peso, while losses in the six months ended June 30, 2024 relate primarily to exposures in the Egyptian pound and Argentine peso.
3.See Note 4 for additional information.
4.See Note 13 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.

Sundry income (expense) - net for TDCC for the three and six months ended June 30, 2025 and 2024 is substantially the same as that of Dow Inc. and, therefore, Sundry income (expense) - net for TDCC is not disclosed separately.

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

Investments in Company-Owned Life InsuranceJun 30, 2025Dec 31, 2024
In millions
Gross cash value$535 $558 
Less: Existing drawdowns 1
200 — 
Less: Accrued interest on drawdowns 2
3 — 
Investments in company-owned life insurance 3
$332 $558 
1.Classified as "Proceeds from sales and maturities of investments" in the consolidated statements of cash flows.
2.Included in "Sundry income (expense) - net" in the consolidated statements of income.
3.Classified as "Other investments" in the consolidated balance sheets.

Supplier Finance Program
The Company facilitates a supply chain financing (“SCF”) program in the ordinary course of business in order to extend payment terms with vendors. Under the terms of this program, a vendor can voluntarily enter into an agreement with a participating financial intermediary to sell its receivables due from the Company. The vendor receives payment from the financial intermediary, and the Company pays the financial intermediary on the terms originally negotiated with the vendor, which generally range from 90 to 120 days. The vendor negotiates the terms of the agreements directly with the financial intermediary and the Company is not a party to that agreement. The financial intermediary may allow the participating vendor to utilize the Company’s creditworthiness in establishing credit spreads and associated costs, which may provide the vendor with more favorable terms than they would be able to secure on their own. The Company does not provide guarantees related to the SCF program. At June 30, 2025, outstanding obligations confirmed as valid under the SCF program were $306 million ($291 million at December 31, 2024), included in “Accounts payable – Trade” in the consolidated balance sheets.
v3.25.2
Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Tax Disclosure INCOME TAXES
As the financial statements for Dow Inc. and TDCC are substantially similar, including the provision for income taxes, the following income tax discussion does not include reference to TDCC's provision for income taxes or its effective tax rate.
The Company's effective tax rate fluctuates based on, among other factors, where income is earned, the level of income relative to tax attributes and the level of equity earnings, since most earnings from the Company's equity method investments are taxed at the joint venture level.

In the second quarter of 2025, the Company reported a provision for income taxes of $142 million, resulting in a negative effective tax rate of 21.5 percent ($150 million in the second quarter of 2024, resulting in an effective tax rate of 24.7 percent). For the first six months of 2025, the Company reported a provision for income taxes of $58 million, resulting in a negative effective tax rate of 5.6 percent ($61 million for the first six months of 2024, resulting in an effective tax rate of 5.8 percent).

The provision for income taxes for the three and six months ended June 30, 2025 was unfavorably impacted by the recording of valuation allowances in certain foreign jurisdictions of $242 million as well as losses attributable to jurisdictions for which no tax benefit can be recognized, and a tax credit of $89 million related to the sale of a portion of the Company's membership interest in its wholly owned subsidiary, Diamond Infrastructure Solutions, resulting in a negative effective tax rate for both periods. See Note 17 for additional information related to the Diamond Infrastructure Solutions transaction. In the first quarter of 2024, the Company recorded a tax credit of $194 million related to a reassessment of interest and penalties on a tax matter in a foreign jurisdiction, resulting in a reduced effective tax rate for the first six months of 2024.
v3.25.2
EARNINGS PER SHARE (Notes)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block] EARNINGS PER SHARE CALCULATIONS
The following tables provide earnings per share calculations for Dow Inc. for the three and six months ended June 30, 2025 and 2024. Earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries.

Net Income (Loss) for Earnings Per Share CalculationsThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Net income (loss)$(801)$458 $(1,091)$996 
Net income attributable to noncontrolling interests34 19 51 41 
Net income attributable to participating securities 1
4 3 7 6 
Net income (loss) attributable to common stockholders$(839)$436 $(1,149)$949 
1.Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares.

Earnings (Loss) Per Share - Basic and DilutedThree Months EndedSix Months Ended
Dollars per shareJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Earnings (loss) per common share - basic$(1.18)$0.62 $(1.62)$1.35 
Earnings (loss) per common share - diluted$(1.18)$0.62 $(1.62)$1.35 

Share Count InformationThree Months EndedSix Months Ended
Shares in millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Weighted-average common shares outstanding - basic709.5 703.8 708.2 704.1 
Plus dilutive effect of equity compensation plans 1
— 1.5 — 1.4 
Weighted-average common shares outstanding - diluted709.5 705.3 708.2 705.5 
Stock units excluded from EPS calculations 2
19.6 9.4 17.2 9.1 
1.The three and six months ended June 30, 2025 reflect a net loss and, as such, the basic share count was used for purposes of calculating earnings per share on a diluted basis.
2.These outstanding stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
v3.25.2
INVENTORIES (Notes)
 6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
The following table provides a breakdown of inventories:

InventoriesJun 30, 2025Dec 31, 2024
In millions
Finished goods$3,764 $3,773 
Work in process1,365 1,323 
Raw materials845 822 
Supplies1,137 1,039 
Total$7,111 $6,957 
Adjustment of inventories to the LIFO basis(410)(413)
Total inventories$6,701 $6,544 
v3.25.2
NONCONSOLIDATED AFFILIATES (Notes)
 6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
NONCONSOLIDATED AFFILIATES NONCONSOLIDATED AFFILIATES
For additional information on the Company’s nonconsolidated affiliates, see Note 11 to the Consolidated Financial Statements included in the 2024 10-K.

The Company's investments in companies accounted for using the equity method ("nonconsolidated affiliates"), by classification in the consolidated balance sheets are shown in the following table:

Investments in Nonconsolidated AffiliatesJun 30, 2025Dec 31, 2024
In millions
Investment in nonconsolidated affiliates$1,262 $1,266 
Other noncurrent obligations(792)(568)
Net investment in nonconsolidated affiliates$470 $698 

At June 30, 2025, the Company had a negative investment balance in Sadara Chemical Company of $717 million included in "Other noncurrent obligations" (negative $517 million at December 31, 2024) in the consolidated balance sheets. The increased negative investment in Sadara Chemical Company at June 30, 2025 is due to equity losses generated during the first six months of 2025 driven by the impact of challenging macroeconomic conditions.

At June 30, 2025, the Company had a negative investment balance in EQUATE Petrochemical Company K.S.C.C of $75 million included in "Other noncurrent obligations" (negative $51 million at December 31, 2024) in the consolidated balance sheets. The increase in the negative investment was driven by dividends distributed to shareholders, partially offset by equity earnings in the first six months of 2025.
v3.25.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Notes)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL
The following table shows changes in the carrying amount of goodwill by reportable segment:

GoodwillPackaging & Specialty PlasticsIndustrial Intermediates & InfrastructurePerformance Materials & CoatingsTotal
In millions
Net goodwill at Dec 31, 2024
$5,118 $1,092 $2,355 $8,565 
Divestiture— (10)— (10)
Foreign currency impact12 5 126 143 
Net goodwill at Jun 30, 2025
$5,130 $1,087 $2,481 $8,698 
Goodwill Impairment Testing
During the second quarter of 2025, the Company identified potential indicators of goodwill impairment due to announced restructuring actions and ongoing macroeconomic challenges. As a result, the Company evaluated whether the fair value of any reporting unit may be less than its carrying amount. This assessment indicated that the Consumer Solutions reporting unit, part of the Performance Materials & Coatings segment, required an interim quantitative goodwill impairment test as of June 30, 2025. The test concluded that no goodwill impairment existed, as the fair value of the Consumer Solutions reporting unit exceeded its carrying value. Fair value was estimated using a discounted cash flow model that incorporated current market conditions and the anticipated effects of the restructuring actions. Key assumptions included projected revenue growth, discount rate, tax rate, terminal value, currency exchange rates, and long-term raw material and energy price forecasts.
v3.25.2
TRANSFERS OF FINANCIAL ASSETS
 3 Months Ended
Jun. 30, 2025
Transfers and Servicing [Abstract]  
TRANSFERS OF FINANCIAL ASSETS TRANSFERS OF FINANCIAL ASSETS
Accounts Receivable Programs
The Company maintains accounts receivable facilities with various financial institutions, with committed and uncommitted facilities in the United States and a committed facility in Europe (collectively, "the Programs"), which are set to expire in November 2025. Under the terms of the Programs, the Company may sell certain eligible trade accounts receivable at any point in time, up to $900 million for the U.S. committed facility and up to €500 million for the Europe committed facility. Under the terms of the Programs, the Company continues to service the receivables from the customer, but retains no interest in the receivables, and remits payment to the financial institutions. Losses on transfers of receivables were insignificant for the three and six months ended June 30, 2025 and 2024. The Company also provides a guarantee to the financial institutions for the creditworthiness and collection of the receivables in satisfaction of the facility. See Note 14 for additional information related to guarantees.

The Company has access to accounts receivable discounting facilities that cover certain receivables generated from sales in EMEAI, Asia Pacific and Canada (collectively, "the Facilities"). Under the terms of the Facilities, the Company retains no interest in the transferred receivables once sold and receivables are transferred with limited recourse. The Company continues to service the receivables from the customer and remits payment to the Facilities. Losses on transfers of receivables were insignificant for the three and six months ended June 30, 2025 and 2024.

The following table provides a summary of cash flows related to the Programs and the Facilities for the three and six months ended June 30, 2025 and 2024:

Cash Flows Related to Transfers of Accounts ReceivableThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Proceeds received from new transfers$24 $623 $538 $1,050 

The following table provides the balances related to the Programs and the Facilities at June 30, 2025 and December 31, 2024:

Balances Related to Transfers of Accounts ReceivableJun 30, 2025Dec 31, 2024
In millions
Balance outstanding$34$287
Accounts receivable derecognized $5$278
Amounts recognized in the consolidated balance sheets:
    Accrued and other current liabilities 1
$29$9
1. Represents amounts collected from customers and not yet remitted by the Company.
v3.25.2
NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Notes)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt Disclosure NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES
Notes PayableJun 30, 2025Dec 31, 2024
In millions
Notes payable to banks and other lenders$149$135
Period-end average interest rates28.81 %36.03 %
Long-Term Debt
2025 Average Rate
Jun 30, 2025
2024 Average Rate
Dec 31, 2024
In millions
Promissory notes and debentures:
Final maturity 20254.55 %$208 5.63 %$333 
Final maturity 20284.80 %600 4.80 %600 
Final maturity 2029 1
7.53 %951 7.58 %1,368 
Final maturity 20302.10 %818 2.10 %818 
Final maturity 2031 and thereafter 1
5.41 %10,223 5.37 %9,192 
Other facilities:
Foreign currency notes and loans, various rates and maturities 1
2.11 %2,250 2.01 %2,540 
InterNotes®, varying maturities through 2053
4.53 %756 4.31 %661 
Medium-term notes, maturity 20254.75 %1 4.75 %1 
Finance lease obligations 2
1,066 939 
Unamortized debt discount and issuance costs(225)(244)
Long-term debt due within one year 3
(401)(497)
Long-term debt$16,247 $15,711 
1.Cost includes net fair value hedge adjustment gains of $43 million at June 30, 2025 ($9 million at December 31, 2024). See Note 20 for additional information.
2.See Note 15 for additional information.
3.Presented net of current portion of unamortized debt issuance costs.

Maturities of Long-Term Debt for Next Five Years at Jun 30, 2025
In millions
2025$317 
2026$152 
2027$771 
2028$742 
2029$1,054 
2030$953 

2025 Activity
In the first quarter of 2025, the Company completed debt neutral liability management activities. The Company issued $1 billion of senior unsecured notes. The offering included $400 million aggregate principal amount of 5.35 percent notes due 2035 and $600 million aggregate principal amount of 5.95 percent notes due 2055. The Company used the proceeds to complete cash tender offers for certain debt securities. In total, $943 million aggregate principal amount was tendered and retired. As a result, the Company recognized a pretax loss of $60 million on the early extinguishment of debt, included in "Sundry income (expense) - net" in the consolidated statements of income, related to Corporate.

In the first six months of 2025, the Company issued an aggregate principal amount of $107 million of InterNotes®. Additionally, the Company repaid $125 million of long-term debt at maturity.
Available Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Jun 30, 2025
In millionsCommitted CreditAvailable CreditMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility$5,000 $5,000 June 2030Floating rate
Bilateral Revolving Credit Facility200 200 September 2025Floating rate
Bilateral Revolving Credit Facility175 175 September 2025Floating rate
Bilateral Revolving Credit Facility300 300 November 2025Floating rate
Bilateral Revolving Credit Facility300 300 February 2026Floating rate
Bilateral Revolving Credit Facility100 100 March 2026Floating rate
Bilateral Revolving Credit Facility375 375 October 2026Floating rate
Bilateral Revolving Credit Facility150 150 November 2026Floating rate
Bilateral Revolving Credit Facility200 200 November 2026Floating rate
Bilateral Revolving Credit Facility250 250 March 2027Floating rate
Bilateral Revolving Credit Facility100 100 May 2027Floating rate
Bilateral Revolving Credit Facility350 350 June 2027Floating rate
Bilateral Revolving Credit Facility200 200 September 2027Floating rate
Bilateral Revolving Credit Facility100 100 October 2027Floating rate
Bilateral Revolving Credit Facility100 100 November 2027Floating rate
Bilateral Revolving Credit Facility100 100 March 2028Floating rate
Bilateral Revolving Credit Facility100 100 March 2028Floating rate
Bilateral Revolving Credit Facility300 300 May 2028Floating rate
Total committed and available credit facilities$8,400 $8,400 

Debt Covenants and Default Provisions
There were no material changes to the debt covenants and default provisions related to the Company's outstanding long-term debt and primary, private credit agreements in the first six months of 2025. For additional information on the Company's debt covenants and default provisions, see Note 14 to the Consolidated Financial Statements included in the 2024 10-K.
v3.25.2
COMMITMENTS AND CONTINGENCIES (Notes)
 6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure COMMITMENTS AND CONTINGENCIES
A summary of the Company's commitments and contingencies can be found in Note 15 to the Consolidated Financial Statements included in the 2024 10-K, which is incorporated by reference herein.

Environmental Matters
Accruals for environmental matters are recorded when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated, based on current law and existing technologies. At June 30, 2025, the Company had accrued obligations of $1,071 million for probable environmental remediation and restoration costs ($1,113 million at December 31, 2024), including $224 million for the remediation of Superfund sites ($234 million at December 31, 2024). This is management’s best estimate of the costs for remediation and restoration with respect to environmental matters for which the Company has accrued liabilities, although it is reasonably possible that the ultimate cost with respect to these particular matters could range up to approximately two times that amount. Consequently, it is reasonably possible that environmental remediation and restoration costs in excess of amounts accrued could have a material impact on the Company's results of operations, financial condition and cash flows. It is the opinion of the Company’s management, however, that the possibility is remote that costs in excess of the range disclosed will have a material impact on the Company’s results of operations, financial condition and cash flows. Inherent uncertainties exist in these estimates primarily due to unknown conditions, changing governmental regulations and legal standards regarding liability, and emerging remediation technologies for handling site remediation and restoration. As new or additional information becomes available and/or certain spending trends become known, management will evaluate such information in determination of the current estimate of environmental liability.
Litigation
Asbestos-Related Matters of Union Carbide Corporation
Each quarter, Union Carbide reviews asbestos-related claims filed, settled and dismissed, as well as average settlement and resolution costs by disease category. Union Carbide also considers additional quantitative and qualitative factors such as the nature of pending claims, trial experience of Union Carbide and other asbestos defendants, current spending for defense and processing costs, significant appellate rulings and legislative developments, trends in the tort system, and their respective effects on expected future resolution costs. Union Carbide's management considers these factors in conjunction with the most recent actuarial study and determines whether a change in the estimate is warranted. Based on Union Carbide's review of 2025 activity, it was determined that no adjustment to the accrual was required at June 30, 2025.

Union Carbide’s total asbestos-related liability for pending and future claims and defense and processing costs was $745 million at June 30, 2025 ($791 million at December 31, 2024). At June 30, 2025, approximately 26 percent of the recorded claim liability related to pending claims and approximately 74 percent related to future claims.

Legacy Matters
Groundwater Matters
The Company is the subject of various complaints related to alleged groundwater contamination based on decades-old sales and applications of certain agricultural chemical products ("Groundwater Matters"). The costs associated with these Groundwater Matters were previously covered by insurance policies that have since been depleted. In the first quarter of 2023, the Company completed a study of certain Groundwater Matters related to wells deemed to be probable and estimable based on the public reporting of sampling data and historical information to develop a reasonable estimate of the cost of pending and future claims and accrued a charge based on the estimate. In the second quarter of 2025, the Company completed a reassessment study of these Groundwater Matters based on current known factors, resulting in a reduced estimate of the cost of pending and future claims. As a result, the Company recorded a pretax credit of $106 million, included in "Cost of sales" in the consolidated statements of income and related to Corporate. In the second quarter of 2025, the Company settled a separate claim related to Groundwater Matters at a water storage district, resulting in a pretax charge of $64 million, included in "Cost of sales" in the consolidated statements of income and related to Corporate.

At June 30, 2025, the total liability related to settled claims and the probable and estimable settlement of all alleged Groundwater Matters was $99 million ($155 million at December 31, 2024), which was included in “Accrued and other current liabilities” and "Other noncurrent obligations" in the consolidated balance sheets.

The Company is also the subject of other groundwater contamination complaints, including claims related to 1,4-dioxane. The Company continues to defend itself in this litigation and it has determined that the Company's exposure to liability, if any, is not probable or estimable at June 30, 2025.

Other Legacy Matters
On October 10, 2024, the Company executed a settlement agreement related to arbitration for historical product claims from a divested business. As a result, the Company recorded a pretax charge of $75 million in the third quarter of 2024, which was paid in the fourth quarter of 2024. Arbitration on the matter was concluded on March 11, 2025, and, as a result, the Company recorded an additional pretax charge of $98 million in the first quarter of 2025, which is included in "Cost of sales" in the consolidated statements of income, related to Corporate, and was paid in the second quarter of 2025.

Gain Contingency - Dow v. Nova Chemicals Corporation Ethylene Asset Matter
In 2019, The Court of King's Bench of Alberta, Canada ("Court") signed a judgment ordering Nova Chemicals Corporation ("Nova") to pay the Company $1.43 billion Canadian dollars (equivalent to approximately $1.08 billion U.S. dollars) for damages the Company incurred through 2012 related to the companies’ jointly-owned ethylene asset in Joffre, Alberta, Canada, for which the Company received payment in October 2019 and March 2020. At June 30, 2025, $201 million ($201 million at December 31, 2024) was included in "Other noncurrent obligations" in the Company's consolidated balance sheets related to the disputed portion of the damages judgment.
On June 10, 2025, the Court signed a separate judgment ordering Nova to pay the Company an additional amount of $1.62 billion Canadian dollars (equivalent to approximately $1.2 billion U.S. dollars) for damages the Company incurred through June 2018, which had not been previously quantified. The Court again found that Nova failed to operate the companies' jointly-owned ethylene asset at full capacity during this time and, furthermore, that Nova violated several contractual agreements related to the Company receiving its share of the asset’s ethylene production, depriving the Company of millions of pounds of ethylene. The award includes interest to April 7, 2025, but excludes subsequent interest and legal costs. While the judgment is subject to appeal, payment of the judgment is required and Dow expects to receive the additional cash proceeds by the end of 2025.

Guarantees
The following table provides a summary of the final expiration, maximum future payments and recorded liability included in the consolidated balance sheets for guarantees:

GuaranteesJun 30, 2025Dec 31, 2024
In millionsFinal
Expiration		Maximum
Future Payments 		Recorded Liability Final
Expiration		Maximum
Future Payments 		Recorded Liability
Guarantees2038$1,229 $144 2038$1,456 $155 

Guarantees arise during the ordinary course of business from relationships with customers, accounts receivable facilities and nonconsolidated affiliates when the Company undertakes an obligation to guarantee the performance of others (via delivery of cash or other assets) if specified triggering events occur. With guarantees, such as commercial or financial contracts, non-performance by the guaranteed party triggers the obligation of the Company to make payments to the beneficiary of the guarantee. The majority of the Company’s guarantees relate to debt of nonconsolidated affiliates, which have expiration dates ranging from less than one year to 13 years. The Company’s current expectation is that future payment or performance related to the non-performance of others is considered remote.

The Company maintains accounts receivable facilities with various financial institutions, with committed and uncommitted facilities in the United States and a committed facility in Europe. Under the terms of the Programs, the Company continues to service the receivables from the customers, but retains no interest in the receivables, and remits payment to the financial institutions. The Company also has access to accounts receivable discounting facilities, under which receivables are transferred with limited recourse. The Company’s maximum guaranteed liability for the accounts receivable facilities is $5 million at June 30, 2025 ($239 million at December 31, 2024). The Company expects receivable collections and remittances to occur within the next six months.

TDCC has entered into guarantee agreements related to Sadara, a nonconsolidated affiliate. Sadara reached an agreement with its lenders to re-profile its outstanding project financing debt in the first quarter of 2021. In conjunction with the debt re-profiling, TDCC entered into a guarantee of up to approximately $1.3 billion of Sadara’s debt, proportionate to the Company's 35 percent ownership interest. The debt re-profiling also includes a grace period until June 2026, during which Sadara is obligated to make interest-only payments which are guaranteed by TDCC in proportion to the Company’s 35 percent ownership interest. The Company does not expect to be required to perform under the guarantees. As part of the debt re-profiling, Sadara established a $500 million revolving credit facility guaranteed by Dow, which would be used to fund Dow’s pro-rata share of any potential shortfall during the grace period.

Asset Retirement Obligations
Asset retirement obligations are recorded as incurred and reasonably estimable, including obligations for which the timing and/or method of settlement are conditional on a future event that may or may not be within the control of the Company. The retirement of assets may involve such efforts as remediation and treatment of asbestos, contractually required demolition, and other related activities, depending on the nature and location of the assets; and retirement obligations are typically realized only upon demolition of those facilities. As a result of the asset shutdowns included in the restructuring activities discussed in Note 5, the Company accrued additional asset retirement obligations of $111 million in the second quarter of 2025. At June 30, 2025, the aggregate carrying amount of the Company's asset retirement obligations was $300 million ($174 million at December 31, 2024), which was included in "Accrued and other current liabilities" and "Other noncurrent obligations" in the consolidated balance sheets.
v3.25.2
LEASES (Notes)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Lessee, Operating And Finance Leases LEASES
For additional information on the Company's leases, see Note 16 to the Consolidated Financial Statements included in the 2024 10-K.

The components of lease cost for operating and finance leases for the three and six months ended June 30, 2025 and 2024 were as follows:

Lease CostThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Operating lease cost$109 $110 $215 $217 
Finance lease cost
Amortization of right-of-use assets - finance32 28 64 55 
Interest on lease liabilities - finance12 12 24 22 
Total finance lease cost44 40 88 77 
Short-term lease cost87 88 167 162 
Variable lease cost283 265 538 523 
Sublease income(1)(3)(3)(5)
Total lease cost$522 $500 $1,005 $974 

The following table provides supplemental cash flow and other information related to leases:

Other Lease InformationSix Months Ended
In millionsJun 30, 2025Jun 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$222 $223 
Operating cash flows for finance leases$24 $22 
Financing cash flows for finance leases$54 $61 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$108 $119 
Finance leases$165 $168 
v3.25.2
Accumulated Other Comprehensive Loss (Notes)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Comprehensive Income (Loss) Note ACCUMULATED OTHER COMPREHENSIVE LOSS
The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and six months ended June 30, 2025 and 2024 were as follows:

Accumulated Other Comprehensive LossThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Unrealized Gains (Losses) on Investments
Beginning balance$(211)$(259)$(243)$(253)
Unrealized gains (losses) on investments(25)65 15 80 
Tax (expense) benefit2 (2)(5)(20)
Net unrealized gains (losses) on investments(23)63 10 60 
(Gains) losses reclassified from AOCL to net income (loss) 1
1 (3)— (7)
Tax expense (benefit) 2
— 1 — 2 
Net (gains) losses reclassified from AOCL to net income (loss)1 (2)— (5)
Other comprehensive income (loss), net of tax(22)61 10 55 
Ending balance$(233)$(198)$(233)$(198)
Cumulative Translation Adjustments
Beginning balance$(1,941)$(2,013)$(2,063)$(1,891)
Gains (losses) on foreign currency translation129 (39)255 (155)
Tax (expense) benefit12 — 15 (3)
Net gains (losses) on foreign currency translation141 (39)270 (158)
(Gains) losses reclassified from AOCL to net income (loss) 3
(12)(4)(19)(7)
Other comprehensive income (loss), net of tax129 (43)251 (165)
Ending balance$(1,812)$(2,056)$(1,812)$(2,056)
Pension and Other Postretirement Benefit Plans
Beginning balance$(5,700)$(5,469)$(5,720)$(5,486)
Gains (losses) arising during the period1 1 1 — 
Amortization of net loss and prior service credits reclassified from AOCL to net income (loss) 4
26 21 52 43 
Tax expense (benefit) 2
(6)(5)(12)(9)
Net loss and prior service credits reclassified from AOCL to net income (loss)20 16 40 34 
Other comprehensive income (loss), net of tax21 17 41 34 
Ending balance$(5,679)$(5,452)$(5,679)$(5,452)
Derivative Instruments
Beginning balance$(104)$(73)$(84)$(51)
Gains (losses) on derivative instruments6 (13)(9)(46)
Tax (expense) benefit(4)8 (6)11 
Net gains (losses) on derivative instruments2 (5)(15)(35)
(Gains) losses reclassified from AOCL to net income (loss) 5
1 (1)(3)9 
Tax expense (benefit) 2
(1)— — (2)
Net (gains) losses reclassified from AOCL to net income (loss)— (1)(3)7 
Other comprehensive income (loss), net of tax2 (6)(18)(28)
Ending balance$(102)$(79)$(102)$(79)
Total AOCL ending balance$(7,826)$(7,785)$(7,826)$(7,785)
1.Reclassified to "Net sales" and "Sundry income (expense) - net."
2.Reclassified to "Provision for income taxes."
3.Reclassified to "Sundry income (expense) - net."
4.These AOCL components are included in the computation of net periodic benefit cost (credit) of the Company's defined benefit pension and other postretirement benefit plans. See Note 18 for additional information.
5.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."
Stockholders' Equity Note Disclosure [Text Block]
The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and six months ended June 30, 2025 and 2024 were as follows:

Accumulated Other Comprehensive LossThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Unrealized Gains (Losses) on Investments
Beginning balance$(211)$(259)$(243)$(253)
Unrealized gains (losses) on investments(25)65 15 80 
Tax (expense) benefit2 (2)(5)(20)
Net unrealized gains (losses) on investments(23)63 10 60 
(Gains) losses reclassified from AOCL to net income (loss) 1
1 (3)— (7)
Tax expense (benefit) 2
— 1 — 2 
Net (gains) losses reclassified from AOCL to net income (loss)1 (2)— (5)
Other comprehensive income (loss), net of tax(22)61 10 55 
Ending balance$(233)$(198)$(233)$(198)
Cumulative Translation Adjustments
Beginning balance$(1,941)$(2,013)$(2,063)$(1,891)
Gains (losses) on foreign currency translation129 (39)255 (155)
Tax (expense) benefit12 — 15 (3)
Net gains (losses) on foreign currency translation141 (39)270 (158)
(Gains) losses reclassified from AOCL to net income (loss) 3
(12)(4)(19)(7)
Other comprehensive income (loss), net of tax129 (43)251 (165)
Ending balance$(1,812)$(2,056)$(1,812)$(2,056)
Pension and Other Postretirement Benefit Plans
Beginning balance$(5,700)$(5,469)$(5,720)$(5,486)
Gains (losses) arising during the period1 1 1 — 
Amortization of net loss and prior service credits reclassified from AOCL to net income (loss) 4
26 21 52 43 
Tax expense (benefit) 2
(6)(5)(12)(9)
Net loss and prior service credits reclassified from AOCL to net income (loss)20 16 40 34 
Other comprehensive income (loss), net of tax21 17 41 34 
Ending balance$(5,679)$(5,452)$(5,679)$(5,452)
Derivative Instruments
Beginning balance$(104)$(73)$(84)$(51)
Gains (losses) on derivative instruments6 (13)(9)(46)
Tax (expense) benefit(4)8 (6)11 
Net gains (losses) on derivative instruments2 (5)(15)(35)
(Gains) losses reclassified from AOCL to net income (loss) 5
1 (1)(3)9 
Tax expense (benefit) 2
(1)— — (2)
Net (gains) losses reclassified from AOCL to net income (loss)— (1)(3)7 
Other comprehensive income (loss), net of tax2 (6)(18)(28)
Ending balance$(102)$(79)$(102)$(79)
Total AOCL ending balance$(7,826)$(7,785)$(7,826)$(7,785)
1.Reclassified to "Net sales" and "Sundry income (expense) - net."
2.Reclassified to "Provision for income taxes."
3.Reclassified to "Sundry income (expense) - net."
4.These AOCL components are included in the computation of net periodic benefit cost (credit) of the Company's defined benefit pension and other postretirement benefit plans. See Note 18 for additional information.
5.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."
v3.25.2
NONCONTROLLING INTERESTS Noncontrolling Interests
 6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interest Disclosure [Text Block] NONCONTROLLING INTERESTS
Ownership interests in the Company's subsidiaries held by parties other than the Company are presented separately from the Company's equity in the consolidated balance sheets as "Noncontrolling interests." The amount of consolidated net income attributable to the Company and the noncontrolling interests are both presented on the face of the consolidated statements of income.

On May 1, 2025, TDCC sold 40 percent of the membership interests of its wholly owned subsidiary, Diamond Infrastructure Solutions, a dedicated infrastructure company, to InfraPark Holdings, LLC ("InfraPark"), a subsidiary of a fund managed by Macquarie Asset Management, a global infrastructure and energy asset manager, in exchange for cash proceeds of approximately $2.4 billion, included in "Proceeds from sale of noncontrolling interests" in the consolidated statements of cash flows. Under the terms of the sale and purchase agreement, InfraPark has the option to purchase up to an additional 9 percent of Diamond Infrastructure Solutions' membership interests within six months of the closing date of the sale in exchange for additional cash proceeds of up to $600 million. Diamond Infrastructure Solutions and its subsidiaries own and operate certain non-product producing energy, environmental, pipeline and other related infrastructure assets located at five of the Company's manufacturing sites on the U.S. Gulf Coast and provides infrastructure services to Dow manufacturing assets and other third-party tenants at these locations. InfraPark's ownership is accounted for as a noncontrolling interest in Diamond Infrastructure Solutions. The transaction resulted in an increase in "Additional paid-in capital" of $1,540 million, recorded in the consolidated balance sheets and the consolidated statements of equity, and an increase in "Noncontrolling interests" of $834 million, recorded in the consolidated balance sheets.

The following table summarizes the activity for equity attributable to noncontrolling interests for the three and six months ended June 30, 2025 and 2024:

Noncontrolling InterestsThree Months EndedSix Months Ended

In millions
Jun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Balance at beginning of period$507 $492 $496 $501 
Net income attributable to noncontrolling interests34 19 51 41 
Distributions to noncontrolling interests 1
(26)(25)(48)(39)
Cumulative translation adjustments12 (4)28 (20)
Sale of noncontrolling interests834 — 834 — 
Other— — — (1)
Balance at end of period$1,361 $482 $1,361 $482 
1. Includes dividends paid to a joint venture of $8 million for the three and six months ended June 30, 2025 ($8 million for the three and six months ended June 30, 2024) which were reclassified to "Equity in earnings of nonconsolidated affiliates" in the consolidated statements of income.
v3.25.2
PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block] PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
A summary of the Company's pension and other postretirement benefit plans can be found in Note 19 to the Consolidated Financial Statements included in the 2024 10-K. The following table provides the components of the Company's net periodic benefit cost (credit) for all significant plans:

Net Periodic Benefit Cost (Credit) for All Significant Plans Three Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Defined Benefit Pension Plans
Service cost$11 $14 $21 $28 
Interest cost 249 250 495 502 
Expected return on plan assets (322)(343)(641)(689)
Amortization of prior service credit(3)(4)(6)(7)
Amortization of net loss41 36 81 71 
Net periodic benefit credit$(24)$(47)$(50)$(95)
Other Postretirement Benefit Plans
Service cost $1 $1 $2 $2 
Interest cost 11 11 20 22 
Amortization of net gain(12)(11)(23)(21)
Net periodic benefit cost (credit)$— $1 $(1)$3 

Net periodic benefit cost (credit), other than the service cost component, is included in "Sundry income (expense) - net" in the consolidated statements of income.
v3.25.2
STOCK-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement [Text Block] STOCK-BASED COMPENSATION
A summary of the Company's stock-based compensation plans can be found in Note 20 to the Consolidated Financial Statements included in the 2024 10-K.

Stock Incentive Plan
The Company grants stock-based compensation to employees and non-employee directors under the 2019 Stock Incentive Plan, as amended. Most of the Company's stock-based compensation awards are granted in the first quarter of each year.

In the first quarter of 2025, Dow Inc. granted the following stock-based compensation awards to employees:
•1.8 million stock options with a weighted-average exercise price of $38.34 per share and a weighted-average fair value of $8.27 per share;
•3.0 million restricted stock units with a weighted-average fair value of $38.34 per share; and
•2.1 million performance stock units with a weighted-average fair value of $38.46 per share.

There was minimal grant activity in the second quarter of 2025.

Employee Stock Purchase Plan
The Dow Inc. 2021 Employee Stock Purchase Plan (the "2021 ESPP") was adopted by the Board on February 11, 2021, and approved by stockholders at the Company's annual meeting on April 15, 2021. Under the 2025 annual offering of the 2021 ESPP, most employees will be eligible to purchase shares of common stock of Dow Inc. valued at up to 10 percent of their annual total base salary or wages. The number of shares purchased is determined using the amount contributed by the employee divided by the plan price. The plan price of the stock is equal to 85 percent of the fair market value (closing price) of the common stock at March 31, 2025 (beginning) or October 3, 2025 (ending) of the offering period, whichever is lower.
In the first quarter of 2025, employees subscribed to the right to purchase approximately 3.2 million shares under the 2021 ESPP. In the second quarter of 2025, due to the change in the Company's stock price, employees now have the right to purchase approximately 3.9 million shares. The plan price is fixed upon the close of the offering period and will be determined in the fourth quarter of 2025. The shares will be delivered to employees in the fourth quarter of 2025.
v3.25.2
Financial Instruments (Notes)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Financial Instruments FINANCIAL INSTRUMENTS
A summary of the Company's financial instruments, risk management policies, derivative instruments and hedging activities can be found in Note 21 to the Consolidated Financial Statements included in the 2024 10-K.

Refer to Note 21 for a summary of the fair value of financial instruments at June 30, 2025 and December 31, 2024.

Debt Securities
The Company's investments in debt securities are primarily classified as available-for-sale. The following table provides investing results from available-for-sale securities for the six months ended June 30, 2025 and 2024:

Investing ResultsSix Months Ended
In millionsJun 30, 2025Jun 30, 2024
Proceeds from sales of available-for-sale securities$220 $1,291 
Gross realized gains$5 $19 
Gross realized losses $(5)$(12)

The following table summarizes contractual maturities of the Company's investments in debt securities:

Contractual Maturities of Debt Securities at Jun 30, 2025
 CostFair Value
In millions
Within one year$120 $113 
One to five years1,151 1,058 
Six to ten years407 403 
After ten years544 447 
Total$2,222 $2,021 

Equity Securities
There were no material adjustments to the carrying value of the not readily determinable investments for impairment or observable price changes for the three and six months ended June 30, 2025. There was $1 million of net unrealized gains recognized in earnings on equity securities for the three months ended June 30, 2025 (no unrealized gains or losses for the three months ended June 30, 2024). There was $2 million of net unrealized losses recognized in earnings on equity securities for the six months ended June 30, 2025 (no unrealized gains or losses for the six months ended June 30, 2024).

Investments in Equity SecuritiesJun 30, 2025Dec 31, 2024
In millions
Readily determinable fair value$12 $14 
Not readily determinable fair value$145 $153 
Derivative Instruments
The notional amounts of the Company's derivative instruments at June 30, 2025 and December 31, 2024 were as follows:

Notional Amounts 1
Jun 30, 2025Dec 31, 2024
In millions
Derivatives designated as hedging instruments:
Interest rate contracts$2,572 $1,870 
Foreign currency contracts$6,148 $3,144 
Derivatives not designated as hedging instruments:
Interest rate contracts$884 $14 
Foreign currency contracts$20,332 $9,244 
1.Notional amounts represent the absolute value of open derivative positions at the end of the period. Multi-leg option positions are reflected at the maximum notional position at expiration.

The notional amounts of the Company's commodity derivatives at June 30, 2025 and December 31, 2024 were as follows:

Commodity Notionals 1
Jun 30, 2025Dec 31, 2024Notional Volume Unit
Derivatives designated as hedging instruments:
Hydrocarbon derivatives4.7 3.2 million barrels of oil equivalent
Derivatives not designated as hedging instruments:
Hydrocarbon derivatives0.8 1.1 million barrels of oil equivalent
1.Notional amounts represent the net volume of open derivative positions outstanding at the end of the period.

Maximum Maturity Dates of Derivatives Designated as Hedging InstrumentsYear
Interest rate contracts2027
Foreign currency contracts2026
Commodity contracts2028
The following table provides the fair value and balance sheet classification of derivative instruments at June 30, 2025 and December 31, 2024:

Fair Value of Derivative InstrumentsJun 30, 2025Dec 31, 2024
In millionsGross
Counterparty and Cash Collateral Netting 1
Net 2
Gross
Counterparty and Cash Collateral Netting 1
Net 2
Asset derivatives
Derivatives designated as hedging instruments:
Interest rate contracts 3
$99 $(68)$31 $20 $(20)$— 
Interest rate contracts 4
20 (16)4 — — — 
Foreign currency contracts 3
57 (56)1 33 (15)18 
Foreign currency contracts 4
1 (1)— — — — 
Commodity contracts 3
136 (110)26 25 (14)11 
Commodity contracts 4
108 (95)13 46 (36)10 
Total$421 $(346)$75 $124 $(85)$39 
Derivatives not designated as hedging instruments:
Interest rate contracts 3
$5 $(4)$1 $— $— $— 
Interest rate contracts 4
1 (1)— — — — 
Foreign currency contracts 3
93 (83)10 74 (16)58 
Commodity contracts 3
31 (14)17 16 (1)15 
Commodity contracts 4
5 (4)1 4 (3)1 
Total$135 $(106)$29 $94 $(20)$74 
Total asset derivatives $556 $(452)$104 $218 $(105)$113 
Liability derivatives
Derivatives designated as hedging instruments:
Interest rate contracts 5
$70 $(68)$2 $46 $(20)$26 
Interest rate contracts 6
16 (16)— — — — 
Foreign currency contracts 5
155 (56)99 75 (15)60 
Foreign currency contracts 6
1 (1)— 40 — 40 
Commodity contracts 5
139 (113)26 16 (14)2 
Commodity contracts 6
103 (96)7 37 (36)1 
Total$484 $(350)$134 $214 $(85)$129 
Derivatives not designated as hedging instruments:
Interest rate contracts 5
$4 $(4)$— $1 $— $1 
Interest rate contracts 6
1 (1)— — — — 
Foreign currency contracts 5
183 (83)100 27 (16)11 
Commodity contracts 5
33 (18)15 8 (1)7 
Commodity contracts 6
5 (4)1 4 (3)1 
Total$226 $(110)$116 $40 $(20)$20 
Total liability derivatives $710 $(460)$250 $254 $(105)$149 
1.Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the Company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.
2.Represents the net amounts included in the consolidated balance sheets.
3.Included in "Other current assets" in the consolidated balance sheets.
4.Included in "Deferred charges and other assets" in the consolidated balance sheets.
5.Included in "Accrued and other current liabilities" in the consolidated balance sheets.
6.Included in "Other noncurrent obligations" in the consolidated balance sheets.

Assets and liabilities related to forward contracts, interest rate swaps, currency swaps, options and other conditional or exchange contracts executed with the same counterparty under a master netting arrangement are netted. Collateral accounts are netted with corresponding assets or liabilities, when applicable. The Company posted cash
collateral of $15 million at June 30, 2025 ($16 million at December 31, 2024). No cash collateral was posted by counterparties with the Company at June 30, 2025 and December 31, 2024.

The following table summarizes the gain (loss) of derivative instruments in the consolidated statements of income and comprehensive income for the three and six months ended June 30, 2025 and 2024:

Effect of Derivative Instruments
Gain (loss) recognized in OCI 1
Gain (loss) recognized in income 2
Three Months EndedSix Months EndedThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate contracts 3, 4
$— $— $— $— $13 $(23)$33 $(23)
Excluded components 3, 5
4 (4)(1)(42)— — — — 
Cash flow hedges:
Interest rate contracts 3
(1)— — 1 — (7)(1)(9)
Foreign currency contracts 6
36 (8)30 (21)3 4 5 5 
Foreign currency contracts 7
(15)— (15)— — — — — 
Commodity contracts 6
(17)7 (11)22 (5)7 (1)(1)
Excluded components 5, 6
— — — (6)(2)(3)(3)(4)
Excluded components 7
7 — 7 — 3 — 3 — 
Net foreign investment hedges:
Foreign currency contracts(55)6 (82)8 — — — — 
Excluded components 5, 7
4 4 31 10 12 4 19 7 
Total derivatives designated as hedging instruments$(37)$5 $(41)$(28)$24 $(18)$55 $(25)
Derivatives not designated as hedging instruments:
Interest rate contracts 3
$— $— $— $— $2 $1 $2 $1 
Foreign currency contracts 7
— — — — (156)29 (212)60 
Commodity contracts 6
— — — — (12)(6)(17)2 
Total return swap 6
— — — — 35 4 24 26 
Total derivatives not designated as hedging instruments$— $— $— $— $(131)$28 $(203)$89 
Total derivatives$(37)$5 $(41)$(28)$(107)$10 $(148)$64 
1.OCI is defined as other comprehensive income (loss).
2.Pretax amounts.
3.Included in "Interest expense and amortization of debt discount" in the consolidated statements of income.
4.Gain (loss) recognized in income of derivatives is offset by gain (loss) recognized in income of the hedged item.
5.The excluded components are related to the time value of the derivatives designated as hedges.
6.Included in "Cost of sales" in the consolidated statements of income.
7.Included in "Sundry income (expense) - net" in the consolidated statements of income.

The following table provides the net after-tax gain (loss) expected to be reclassified from AOCL to income within the next 12 months:

Expected Reclassifications from AOCL within the next 12 monthsJun 30, 2025
In millions
Cash flow hedges:
Interest rate contracts$(3)
Commodity contracts$(3)
Foreign currency contracts$(21)
Excluded components$2 
Net foreign investment hedges:
Excluded components$23 
v3.25.2
FAIR VALUE MEASUREMENTS (Notes)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block] FAIR VALUE MEASUREMENTS
A summary of the Company's recurring and nonrecurring fair value measurements can be found in Note 22 to the Consolidated Financial Statements included in the 2024 10-K.

Fair Value Measurements on a Recurring Basis
The following table summarizes the bases used to measure certain assets and liabilities at fair value on a recurring basis:

Fair Value Measurements on a Recurring BasisJun 30, 2025Dec 31, 2024
In millionsFair Value LevelCostGainLossFair ValueCostGainLossFair Value
Assets at fair value:
Cash equivalents:
Held-to-maturity securities 1
Level 2$234 $— $— $234 $96 $— $— $96 
Money market fundsLevel 2841 — — 841 1,164 — — 1,164 
Marketable securities 2
Level 2393 — (87)306 453 — (70)383 
Other investments:
Debt securities: 3
Government debt 4
Level 21,132 14 (106)1,040 1,103 13 (123)993 
Corporate bondsLevel 117 — (1)16 18 — (1)17 
Corporate bondsLevel 2873 9 (69)813 954 6 (88)872 
Corporate bondsLevel 3200 — (48)152 200 — (49)151 
Equity securities 3, 5
Level 14 8 — 12 4 10 — 14 
Derivatives relating to: 6
Interest ratesLevel 2— 125 — 125 — 20 — 20 
Foreign currencyLevel 2— 151 — 151 — 107 — 107 
CommoditiesLevel 1— 15 — 15 — 4 — 4 
CommoditiesLevel 2— 265 — 265 — 87 — 87 
Total assets at fair value$3,970 $3,908 
Liabilities at fair value:
Long-term debt including debt due within one year 7
Level 2$(16,648)$1,543 $(435)$(15,540)$(16,208)$1,487 $(484)$(15,205)
Guarantee liability 8
Level 3(144)(155)
Derivatives relating to: 6
Interest ratesLevel 2— — (91)(91)— — (47)(47)
Foreign currencyLevel 2— — (339)(339)— — (142)(142)
CommoditiesLevel 1— — (17)(17)— — (1)(1)
CommoditiesLevel 2— — (263)(263)— — (64)(64)
Total liabilities at fair value$(16,394)$(15,614)
1.The Company's held-to-maturity securities primarily relate to treasury bills and time deposits. At June 30, 2025, $216 million is included in "Cash and cash equivalents" ($96 million at December 31, 2024) and $18 million is included in "Other current assets" (zero at December 31, 2024) in the consolidated balance sheets.
2.The Company’s investments in marketable securities are included in “Other current assets” in the consolidated balance sheets.
3.The Company’s investments in debt securities, which are primarily available-for-sale, and equity securities are included in “Other investments” in the consolidated balance sheets.
4.U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations.
5.Equity securities with a readily determinable fair value.
6.See Note 20 for classification of derivatives in the consolidated balance sheets.
7.Cost includes fair value hedge adjustment gains of $43 million at June 30, 2025 and $9 million at December 31, 2024 on $5,538 million of debt at June 30, 2025 and $5,129 million at December 31, 2024.
8.Estimated liability for TDCC's guarantee of Sadara's debt which is included in "Other noncurrent obligations" in the consolidated balance sheets.

Cost approximates fair value for all other financial instruments.
For equity securities calculated at net asset value per share (or its equivalent), the Company had $83 million in private market securities and $14 million in real estate at June 30, 2025 ($90 million in private market securities and $15 million in real estate at December 31, 2024). There are no redemption restrictions and the unfunded commitments on these investments were $79 million at June 30, 2025 and $81 million at December 31, 2024.

For assets classified as Level 3 measurements, fair value is based on significant unobservable inputs including assumptions where there is little, if any, market activity. The level 3 asset values represent the fair value of an investment in a corporate bond, accounted for as a debt security.

For liabilities classified as Level 3 measurements, fair value is based on significant unobservable inputs including assumptions where there is little, if any, market activity. The fair value of the Company’s accrued liability related to the guarantee of Sadara’s debt is in proportion to the Company’s 35 percent ownership interest in Sadara. The estimated fair value of the guarantee was calculated using a "with" and "without" method. The fair value of the debt was calculated "with" the guarantee less the fair value of the debt "without" the guarantee. The "with" and "without" values were calculated using a discounted cash flow method based on contractual cash flows as well as projected prepayments made on the debt by Sadara.

Fair Value Measurements on a Nonrecurring Basis
2025 Restructuring Program
In the second quarter of 2025, the Company recorded a charge for asset write-downs and write-offs, including the write-down of certain manufacturing facilities, corporate assets, leased, non-manufacturing facilities and other miscellaneous assets. The manufacturing facilities, corporate assets and certain leased, non-manufacturing facilities and other miscellaneous assets associated with this plan were written down to zero. In addition, impairments of certain leased, non-manufacturing facilities and other miscellaneous assets, which were classified as Level 3 measurements, resulted in a write-down of right-of-use assets to a fair value of $110 million using unobservable inputs. The Company recorded impairment charges of $334 million for asset write-downs and write-offs, included in "Restructuring and asset related charges - net" in the consolidated statements of income and related to Packaging & Specialty Plastics ($81 million), Industrial Intermediates & Infrastructure ($63 million), Performance Materials & Coatings ($147 million) and Corporate ($43 million).

2023 Restructuring Program
In the first quarter of 2025, the Company recorded impairment charges of $5 million for asset write-downs and write-offs, included in "Restructuring and asset related charges - net" in the consolidated statements of income and related to Industrial Intermediates & Infrastructure.
v3.25.2
VARIABLE INTEREST ENTITIES (Notes)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
VARIABLE INTEREST ENTITIES VARIABLE INTEREST ENTITIES
A summary of the Company's variable interest entities ("VIEs") not discussed below can be found in Note 23 to the Consolidated Financial Statements included in the 2024 10-K.

Assets and Liabilities of Consolidated VIEs
The Company's consolidated financial statements include the assets, liabilities and results of operations of VIEs for which the Company is the primary beneficiary. The other equity holders’ interests are included in “Net income attributable to noncontrolling interests” in the consolidated statements of income and "Noncontrolling interests" in the consolidated balance sheets.

Infrastructure Entity
The Company has variable interests in Diamond Infrastructure Solutions, an entity that owns and operates infrastructure assets at certain Dow locations on the U.S Gulf Coast as discussed in Note 17. The Company's variable interests relate to its membership interest and the service contracts between Diamond Infrastructure Solutions and Dow, under which a majority of the infrastructure services are provided to Dow using pass-through and cost-plus pricing. Diamond Infrastructure Solutions became a variable interest entity effective with the noncontrolling interest transaction on May 1, 2025. Dow is deemed the primary beneficiary as a result of decision rights held as the majority member.
The following table summarizes the carrying amounts of Diamond Infrastructure Solutions' assets and liabilities included in the Company’s consolidated balance sheets at June 30, 2025. Amounts presented are adjusted for intercompany eliminations.

Assets and Liabilities of Diamond Infrastructure SolutionsJun 30, 2025
In millions
Other current assets$163 
Net property2,259 
Other noncurrent assets196 
Total assets 1
$2,618 
Current liabilities$338 
Long-term debt176 
Other noncurrent obligations316 
Total liabilities 2
$830 
1.All assets were restricted at June 30, 2025.
2.All liabilities were nonrecourse at June 30, 2025.

In addition, the Company holds a variable interest and is the primary beneficiary of other joint ventures and entities. The following table summarizes the carrying amounts of other entities' assets and liabilities included in the Company’s consolidated balance sheets at June 30, 2025 and December 31, 2024:

Assets and Liabilities of Other Consolidated VIEsJun 30, 2025Dec 31, 2024
In millions
Cash and cash equivalents$9 $22 
Other current assets275 250 
Net property121 122 
Other noncurrent assets16 15 
Total assets 1
$421 $409 
Current liabilities$27 $24 
Other noncurrent obligations13 13 
Total liabilities 2
$40 $37 
1.Restricted assets totaled $183 million and $192 million at June 30, 2025 and December 31, 2024, respectively.
2.All liabilities were nonrecourse at June 30, 2025 and December 31, 2024.

Amounts presented in the consolidated balance sheets and the table above as restricted assets or nonrecourse obligations relating to consolidated VIEs at June 30, 2025 and December 31, 2024 are adjusted for intercompany eliminations.
v3.25.2
SEGMENTS AND GEOGRAPHIC REGIONS (Notes)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segments and Geographic Regions [Text Block] SEGMENTS AND GEOGRAPHIC REGIONS
Sales to external customers, which are attributed to geographic regions based on customer location, were as follows:

Sales to External Customers by Geographic RegionThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
United States$3,725 $3,909 $7,671 $7,738 
EMEAI3,272 3,572 6,546 7,056 
Rest of World3,107 3,434 6,318 6,886 
Total$10,104 $10,915 $20,535 $21,680 

Long-lived assets, which are attributed to geographic regions based on asset location, were as follows:

Long-Lived Assets by Geographic RegionJun 30, 2025Dec 31, 2024
In millions
United States$15,050 $15,216 
EMEAI2,785 2,726 
Rest of World4,641 4,062 
Total$22,476 $22,004 

Dow’s measure of profit/loss for segment reporting purposes is Operating EBIT as this is the manner in which the chief executive officer, chief operating officer, chief financial officer, general counsel and corporate secretary, and senior vice president of corporate development, together the "executive committee" and CODM, assesses performance and allocates resources. The CODM compares quarterly results to both the year-ago and sequential periods to assess performance and allocate resources to each segment. The Company defines Operating EBIT as earnings (i.e., "Income (loss) before income taxes") before interest, excluding the impact of significant items. Operating EBIT by segment includes all operating items relating to the businesses; items that principally apply to Dow as a whole are assigned to Corporate.
Segment Operating EBIT 1
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment Total
In millions
Three months ended Jun 30, 2025
Net sales$5,025 $2,786 $2,129 $9,940 
Cost of sales4,728 2,832 1,814 9,374 
SARD 2
221 116 147 484 
Equity in earnings (losses) of nonconsolidated affiliates7 (39)1 (31)
Other segment income (expense) items 3
(12)16 (17)(13)
Segment Operating EBIT 4
$71 $(185)$152 $38 
Three months ended Jun 30, 2024
Net sales$5,515 $2,951 $2,243 $10,709 
Cost of sales4,616 2,803 1,915 9,334 
SARD 2
253 127 157 537 
Equity in earnings (losses) of nonconsolidated affiliates55 (31)2 26 
Other segment income (expense) items 3
2 17 (27)(8)
Segment Operating EBIT 4
$703 $7 $146 $856 
Six months ended Jun 30, 2025
Net sales$10,335 $5,641 $4,200 $20,176 
Cost of sales9,493 5,654 3,659 18,806 
SARD 2
461 243 298 1,002 
Equity in earnings (losses) of nonconsolidated affiliates46 (97)1 (50)
Other segment income (expense) items 3
(14)40 (43)(17)
Segment Operating EBIT 4
$413 $(313)$201 $301 
Six months ended Jun 30, 2024
Net sales$10,945 $5,959 $4,395 $21,299 
Cost of sales9,213 5,579 3,809 18,601 
SARD 2
508 263 354 1,125 
Equity in earnings (losses) of nonconsolidated affiliates80 (46)8 42 
Other segment income (expense) items 3
4 23 (53)(26)
Segment Operating EBIT 4
$1,308 $94 $187 $1,589 
1.Significant expense categories are presented on an operating basis, net of the impact of significant items.
2.SARD includes selling, general and administrative and research and development expenses.
3.Other segment items includes amortization of intangibles and sundry income (expense) - net.
4.Segment Operating EBIT for TDCC for the three and six months ended June 30, 2025 and 2024 is substantially the same as that of Dow Inc. and therefore is not disclosed separately in the table above. A reconciliation of "Segment Operating EBIT" to "Income (loss) before income taxes" is provided in the following table.

Reconciliation of "Segment Operating EBIT" to "Income (Loss) Before Income Taxes"
Three Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Segment Operating EBIT$38 $856 $301 $1,589 
+ Corporate Operating EBIT(59)(37)(92)(96)
+ Interest income39 42 67 107 
- Interest expense and amortization of debt discount209 197 425 396 
+ Significant items(468)(56)(884)(147)
Income (loss) before income taxes$(659)$608 $(1,033)$1,057 
Other Segment InformationPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment Total
Corp. 1
Total
In millions
Three months ended Jun 30, 2025
Net sales$5,025 $2,786 $2,129 $9,940 $164 $10,104 
Depreciation and amortization$369 $153 $192 $714 $10 $724 
Capital expenditures$510 $102 $50 $662 $— $662 
Operating EBIT$71 $(185)$152 $38 $(59)$(21)
Three months ended Jun 30, 2024
Net sales$5,515 $2,951 $2,243 $10,709 $206 $10,915 
Depreciation and amortization$343 $141 $191 $675 $7 $682 
Capital expenditures$475 $170 $78 $723 $— $723 
Operating EBIT$703 $7 $146 $856 $(37)$819 
Six months ended Jun 30, 2025
Net sales$10,335 $5,641 $4,200 $20,176 $359 $20,535 
Depreciation and amortization$729 $299 $392 $1,420 $18 $1,438 
Capital expenditures$1,025 $231 $91 $1,347 $— $1,347 
Operating EBIT$413 $(313)$201 $301 $(92)$209 
Six months ended Jun 30, 2024
Net sales$10,945 $5,959 $4,395 $21,299 $381 $21,680 
Depreciation and amortization$714 $288 $384 $1,386 $16 $1,402 
Capital expenditures$944 $332 $161 $1,437 $— $1,437 
Operating EBIT$1,308 $94 $187 $1,589 $(96)$1,493 
1.Corporate contains the reconciliation between the totals for the operating segments and the Company's totals. Net sales for Corporate are primarily related to insurance operations. Corporate expenses are primarily related to insurance operations, salaries and wages and non-business aligned environmental and legal costs.

Segment Asset InformationPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment TotalCorp.Total
In millions
Jun 30, 2025
Total assets$29,791 $12,252 $11,585 $53,628 $5,363 $58,991 
Investments in nonconsolidated affiliates 1
$686 $386 $145 $1,217 $45 $1,262 
Dec 31, 2024
Total assets$29,034 $11,928 $11,170 $52,132 $5,180 $57,312 
Investments in nonconsolidated affiliates 1
$711 $367 $146 $1,224 $42 $1,266 
1.See Note 10 for additional information regarding the Company's investments in nonconsolidated affiliates.
The following tables summarize the pretax impact of significant items by segment excluded from Operating EBIT:

Significant Items by Segment
In millionsPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsOperating Segment TotalCorp.Total
Three months ended Jun 30, 2025
2025 Restructuring Program severance and related benefit costs and asset related charges 1
$(158)$(89)$(147)$(394)$(197)$(591)
Implementation costs 2
— — — — (5)(5)
Net gain on divestitures and asset sale 3
— 103 — 103 — 103 
Litigation related charges, awards and adjustments 4
— — — — 42 42 
Indemnification and other transaction related costs 5
— — — — (17)(17)
Total significant items by segment$(158)$14 $(147)$(291)$(177)$(468)
Six months ended Jun 30, 2025
Restructuring, implementation and efficiency costs, and asset related charges - net 6
$— $(1)$— $(1)$(50)$(51)
2025 Restructuring Program severance and related benefit costs and asset related charges 1
(158)(89)(147)(394)(404)(798)
Implementation costs 2
— — — — (5)(5)
Net gain on divestitures and asset sale 3
— 103 — 103 — 103 
Litigation related charges, awards and adjustments 4
— — — — 42 42 
Loss on early extinguishment of debt 7
— — — — (60)(60)
Indemnification and other transaction related costs 5
— — — — (115)(115)
Total significant items by segment$(158)$13 $(147)$(292)$(592)$(884)
1.Severance and related benefit costs and impairment charges related to the write-down of certain manufacturing facilities, corporate assets, leased non-manufacturing facilities and other miscellaneous assets associated with the Company's 2025 Restructuring Program. See Note 5 for additional information.
2.Implementation costs associated with the Company's 2025 Restructuring Program and the sale of membership interests of the Company's wholly owned subsidiary, Diamond Infrastructure Solutions.
3.Related to a gain on the sale of the soil fumigation product line. See Note 4 for additional information.
4.Includes a gain associated with the reassessment of liabilities for certain accrued Groundwater Matters, partially offset by the settlement of a separate claim related to water storage district Groundwater Matters. See Note 14 for additional information.
5.Charges associated with agreements entered into with DuPont and Corteva 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. The six months ended June 30, 2025 also includes a charge related to an arbitration settlement agreement for historical product claims from a divested business. See Note 14 for additional information.
6.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. The six months ended June 30, 2024 also includes impairment charges related to the write-down of certain manufacturing assets, partially offset by an asset related credit adjustment. See Note 5 for additional information.
7.The Company retired outstanding long-term debt resulting in a loss on early extinguishment. See Note 13 for additional information.

Significant Items by SegmentPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment TotalCorp.Total
In millions
Three months ended Jun 30, 2024
Restructuring, implementation and efficiency costs, and asset related charges - net 1
$— $— $— $— $(56)$(56)
Six months ended Jun 30, 2024
Restructuring, implementation and efficiency costs, and asset related charges - net 1
$(37)$(8)$— $(45)$(102)$(147)
1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. The six months ended June 30, 2024 also includes impairment charges related to the write-down of certain manufacturing assets.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Pay vs Performance Disclosure        
Net income (loss) available for The Dow Chemical Company common stockholder $ (835) $ 439 $ (1,142) $ 955
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.25.2
REVENUE (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
Disaggregation of Revenue
The Company disaggregates its revenue from contracts with customers by operating segment and business, as the Company believes it best depicts the nature, amount, timing and uncertainty of its revenue and cash flows. See details in the tables below:

Net Trade Sales by Segment and BusinessThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Hydrocarbons & Energy$1,350 $1,447 $2,928 $2,914 
Packaging and Specialty Plastics3,675 4,068 7,407 8,031 
Packaging & Specialty Plastics$5,025 $5,515 $10,335 $10,945 
Industrial Solutions $985 $1,040 $2,039 $2,068 
Polyurethanes & Construction Chemicals1,797 1,909 3,594 3,886 
Other4 2 8 5 
Industrial Intermediates & Infrastructure$2,786 $2,951 $5,641 $5,959 
Coatings & Performance Monomers$864 $928 $1,709 $1,813 
Consumer Solutions1,265 1,315 2,491 2,582 
Performance Materials & Coatings$2,129 $2,243 $4,200 $4,395 
Corporate$164 $206 $359 $381 
Total$10,104 $10,915 $20,535 $21,680 
Net Trade Sales by Geographic RegionThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
U.S. & Canada$3,988 $4,191 $8,215 $8,321 
EMEAI 1
3,272 3,572 6,546 7,056 
Asia Pacific1,737 1,901 3,595 3,822 
Latin America1,107 1,251 2,179 2,481 
Total$10,104 $10,915 $20,535 $21,680 
1.Europe, Middle East, Africa and India.
Contract with Customer, Asset and Liability [Table Text Block]
The following table summarizes contract assets and liabilities at June 30, 2025 and December 31, 2024:

Contract Assets and LiabilitiesBalance Sheet ClassificationJun 30, 2025Dec 31, 2024
In millions
Accounts and notes receivable - tradeAccounts and notes receivable - trade$5,426 $4,756 
Contract assets - noncurrentDeferred charges and other assets$— $2 
Contract liabilities - currentAccrued and other current liabilities$196 $244 
Contract liabilities - noncurrent Other noncurrent obligations$1,431 $1,480 
v3.25.2
Restructuring and Related Activities (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block] The following table summarizes the activities related to the 2025 Restructuring Program, including segment information:
2025 Restructuring ProgramSeverance and Related Benefit CostsAsset Write-downs and Write-offsCosts Associated with Exit and Disposal ActivitiesTotal
In millions
Corporate$207 $— $— $207 
Total restructuring charges$207 $— $— $207 
Reserve balance at Mar 31, 2025$207 $— $— $207 
Packaging & Specialty Plastics$— $81 $77 $158 
Industrial Intermediates & Infrastructure— 63 26 89 
Performance Materials & Coatings— 147 — 147 
Corporate154 43 — 197 
Total restructuring charges$154 $334 $103 $591 
Charges against the reserve 1
— (334)(103)(437)
Cash payments(16)— — (16)
Reserve balance at Jun 30, 2025$345 $— $— $345 
1.Costs associated with exit and disposal activities relate to asset retirement obligations.
v3.25.2
SUPPLEMENTARY INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Sundry Income, Net
Dow Inc. Sundry Income (Expense) – NetThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Non-operating pension and other postretirement benefit plan net credits 1
$36 $61 $74 $122 
Foreign exchange gains (losses) 2
4 (12)11 (35)
Gain (loss) on sales of other assets and investments(2)10 (5)19 
Gain on divestiture of soil fumigation product line 3
103 — 103 — 
Gain (loss) on early extinguishment of debt 4
— 5 (60)5 
Indemnification and other transaction related costs 5
(17)1 (17)1 
Other - net23 11 54 25 
Total sundry income (expense) – net$147 $76 $160 $137 
1.See Note 18 for additional information.
2.Foreign exchange losses for the three months ended June 30, 2024 relate primarily to exposures in the Argentine peso, while losses in the six months ended June 30, 2024 relate primarily to exposures in the Egyptian pound and Argentine peso.
3.See Note 4 for additional information.
4.See Note 13 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.
Schedule of Company-Owned Life Insurance
Other Investments
The Company has investments in company-owned life insurance policies, which are recorded at their cash surrender value as of each balance sheet date, as provided below:

Investments in Company-Owned Life InsuranceJun 30, 2025Dec 31, 2024
In millions
Gross cash value$535 $558 
Less: Existing drawdowns 1
200 — 
Less: Accrued interest on drawdowns 2
3 — 
Investments in company-owned life insurance 3
$332 $558 
1.Classified as "Proceeds from sales and maturities of investments" in the consolidated statements of cash flows.
2.Included in "Sundry income (expense) - net" in the consolidated statements of income.
3.Classified as "Other investments" in the consolidated balance sheets.
v3.25.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following tables provide earnings per share calculations for Dow Inc. for the three and six months ended June 30, 2025 and 2024. Earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries.

Net Income (Loss) for Earnings Per Share CalculationsThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Net income (loss)$(801)$458 $(1,091)$996 
Net income attributable to noncontrolling interests34 19 51 41 
Net income attributable to participating securities 1
4 3 7 6 
Net income (loss) attributable to common stockholders$(839)$436 $(1,149)$949 
1.Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares.

Earnings (Loss) Per Share - Basic and DilutedThree Months EndedSix Months Ended
Dollars per shareJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Earnings (loss) per common share - basic$(1.18)$0.62 $(1.62)$1.35 
Earnings (loss) per common share - diluted$(1.18)$0.62 $(1.62)$1.35 

Share Count InformationThree Months EndedSix Months Ended
Shares in millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Weighted-average common shares outstanding - basic709.5 703.8 708.2 704.1 
Plus dilutive effect of equity compensation plans 1
— 1.5 — 1.4 
Weighted-average common shares outstanding - diluted709.5 705.3 708.2 705.5 
Stock units excluded from EPS calculations 2
19.6 9.4 17.2 9.1 
1.The three and six months ended June 30, 2025 reflect a net loss and, as such, the basic share count was used for purposes of calculating earnings per share on a diluted basis.
2.These outstanding stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.
v3.25.2
INVENTORIES (Tables)
 6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory, Current [Table Text Block]
The following table provides a breakdown of inventories:

InventoriesJun 30, 2025Dec 31, 2024
In millions
Finished goods$3,764 $3,773 
Work in process1,365 1,323 
Raw materials845 822 
Supplies1,137 1,039 
Total$7,111 $6,957 
Adjustment of inventories to the LIFO basis(410)(413)
Total inventories$6,701 $6,544 
v3.25.2
NONCONSOLIDATED AFFILIATES (Tables)
 6 Months Ended
Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Nonconsolidated Affiliates - Investments and Dividends
The Company's investments in companies accounted for using the equity method ("nonconsolidated affiliates"), by classification in the consolidated balance sheets are shown in the following table:

Investments in Nonconsolidated AffiliatesJun 30, 2025Dec 31, 2024
In millions
Investment in nonconsolidated affiliates$1,262 $1,266 
Other noncurrent obligations(792)(568)
Net investment in nonconsolidated affiliates$470 $698 
v3.25.2
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
The following table shows changes in the carrying amount of goodwill by reportable segment:

GoodwillPackaging & Specialty PlasticsIndustrial Intermediates & InfrastructurePerformance Materials & CoatingsTotal
In millions
Net goodwill at Dec 31, 2024
$5,118 $1,092 $2,355 $8,565 
Divestiture— (10)— (10)
Foreign currency impact12 5 126 143 
Net goodwill at Jun 30, 2025
$5,130 $1,087 $2,481 $8,698 
Schedule of estimated future amortization expense
v3.25.2
Transfers and Servicing (Tables)
 6 Months Ended
Jun. 30, 2025
Transfers and Servicing [Abstract]  
Cash Flows related to Transfers of AR [Table Text Block]
The following table provides a summary of cash flows related to the Programs and the Facilities for the three and six months ended June 30, 2025 and 2024:

Cash Flows Related to Transfers of Accounts ReceivableThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Proceeds received from new transfers$24 $623 $538 $1,050 
Balances related to Transfers of AR
The following table provides the balances related to the Programs and the Facilities at June 30, 2025 and December 31, 2024:

Balances Related to Transfers of Accounts ReceivableJun 30, 2025Dec 31, 2024
In millions
Balance outstanding$34$287
Accounts receivable derecognized $5$278
Amounts recognized in the consolidated balance sheets:
    Accrued and other current liabilities 1
$29$9
1. Represents amounts collected from customers and not yet remitted by the Company.
v3.25.2
NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
Notes PayableJun 30, 2025Dec 31, 2024
In millions
Notes payable to banks and other lenders$149$135
Period-end average interest rates28.81 %36.03 %
Schedule of Long-term Debt Instruments
Long-Term Debt
2025 Average Rate
Jun 30, 2025
2024 Average Rate
Dec 31, 2024
In millions
Promissory notes and debentures:
Final maturity 20254.55 %$208 5.63 %$333 
Final maturity 20284.80 %600 4.80 %600 
Final maturity 2029 1
7.53 %951 7.58 %1,368 
Final maturity 20302.10 %818 2.10 %818 
Final maturity 2031 and thereafter 1
5.41 %10,223 5.37 %9,192 
Other facilities:
Foreign currency notes and loans, various rates and maturities 1
2.11 %2,250 2.01 %2,540 
InterNotes®, varying maturities through 2053
4.53 %756 4.31 %661 
Medium-term notes, maturity 20254.75 %1 4.75 %1 
Finance lease obligations 2
1,066 939 
Unamortized debt discount and issuance costs(225)(244)
Long-term debt due within one year 3
(401)(497)
Long-term debt$16,247 $15,711 
1.Cost includes net fair value hedge adjustment gains of $43 million at June 30, 2025 ($9 million at December 31, 2024). See Note 20 for additional information.
2.See Note 15 for additional information.
3.Presented net of current portion of unamortized debt issuance costs.
Schedule of Maturities of Long-term Debt
Maturities of Long-Term Debt for Next Five Years at Jun 30, 2025
In millions
2025$317 
2026$152 
2027$771 
2028$742 
2029$1,054 
2030$953 
Schedule of Line of Credit Facilities
The following table summarizes the Company's credit facilities:

Committed and Available Credit Facilities at Jun 30, 2025
In millionsCommitted CreditAvailable CreditMaturity DateInterest
Five Year Competitive Advance and Revolving Credit Facility$5,000 $5,000 June 2030Floating rate
Bilateral Revolving Credit Facility200 200 September 2025Floating rate
Bilateral Revolving Credit Facility175 175 September 2025Floating rate
Bilateral Revolving Credit Facility300 300 November 2025Floating rate
Bilateral Revolving Credit Facility300 300 February 2026Floating rate
Bilateral Revolving Credit Facility100 100 March 2026Floating rate
Bilateral Revolving Credit Facility375 375 October 2026Floating rate
Bilateral Revolving Credit Facility150 150 November 2026Floating rate
Bilateral Revolving Credit Facility200 200 November 2026Floating rate
Bilateral Revolving Credit Facility250 250 March 2027Floating rate
Bilateral Revolving Credit Facility100 100 May 2027Floating rate
Bilateral Revolving Credit Facility350 350 June 2027Floating rate
Bilateral Revolving Credit Facility200 200 September 2027Floating rate
Bilateral Revolving Credit Facility100 100 October 2027Floating rate
Bilateral Revolving Credit Facility100 100 November 2027Floating rate
Bilateral Revolving Credit Facility100 100 March 2028Floating rate
Bilateral Revolving Credit Facility100 100 March 2028Floating rate
Bilateral Revolving Credit Facility300 300 May 2028Floating rate
Total committed and available credit facilities$8,400 $8,400 
v3.25.2
COMMITMENTS AND CONTINGENCIES (Tables)
 3 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Guarantor Obligations
The following table provides a summary of the final expiration, maximum future payments and recorded liability included in the consolidated balance sheets for guarantees:

GuaranteesJun 30, 2025Dec 31, 2024
In millionsFinal
Expiration		Maximum
Future Payments 		Recorded Liability Final
Expiration		Maximum
Future Payments 		Recorded Liability
Guarantees2038$1,229 $144 2038$1,456 $155 
v3.25.2
LEASES (Tables)
 6 Months Ended
Jun. 30, 2025
Guarantor Obligations [Line Items]  
Lease, Cost
The components of lease cost for operating and finance leases for the three and six months ended June 30, 2025 and 2024 were as follows:

Lease CostThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Operating lease cost$109 $110 $215 $217 
Finance lease cost
Amortization of right-of-use assets - finance32 28 64 55 
Interest on lease liabilities - finance12 12 24 22 
Total finance lease cost44 40 88 77 
Short-term lease cost87 88 167 162 
Variable lease cost283 265 538 523 
Sublease income(1)(3)(3)(5)
Total lease cost$522 $500 $1,005 $974 
Schedule of Supplemental Cash Flow Information Related to Leases
The following table provides supplemental cash flow and other information related to leases:

Other Lease InformationSix Months Ended
In millionsJun 30, 2025Jun 30, 2024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases$222 $223 
Operating cash flows for finance leases$24 $22 
Financing cash flows for finance leases$54 $61 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$108 $119 
Finance leases$165 $168 
v3.25.2
Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
The changes in each component of accumulated other comprehensive loss ("AOCL") for the three and six months ended June 30, 2025 and 2024 were as follows:

Accumulated Other Comprehensive LossThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Unrealized Gains (Losses) on Investments
Beginning balance$(211)$(259)$(243)$(253)
Unrealized gains (losses) on investments(25)65 15 80 
Tax (expense) benefit2 (2)(5)(20)
Net unrealized gains (losses) on investments(23)63 10 60 
(Gains) losses reclassified from AOCL to net income (loss) 1
1 (3)— (7)
Tax expense (benefit) 2
— 1 — 2 
Net (gains) losses reclassified from AOCL to net income (loss)1 (2)— (5)
Other comprehensive income (loss), net of tax(22)61 10 55 
Ending balance$(233)$(198)$(233)$(198)
Cumulative Translation Adjustments
Beginning balance$(1,941)$(2,013)$(2,063)$(1,891)
Gains (losses) on foreign currency translation129 (39)255 (155)
Tax (expense) benefit12 — 15 (3)
Net gains (losses) on foreign currency translation141 (39)270 (158)
(Gains) losses reclassified from AOCL to net income (loss) 3
(12)(4)(19)(7)
Other comprehensive income (loss), net of tax129 (43)251 (165)
Ending balance$(1,812)$(2,056)$(1,812)$(2,056)
Pension and Other Postretirement Benefit Plans
Beginning balance$(5,700)$(5,469)$(5,720)$(5,486)
Gains (losses) arising during the period1 1 1 — 
Amortization of net loss and prior service credits reclassified from AOCL to net income (loss) 4
26 21 52 43 
Tax expense (benefit) 2
(6)(5)(12)(9)
Net loss and prior service credits reclassified from AOCL to net income (loss)20 16 40 34 
Other comprehensive income (loss), net of tax21 17 41 34 
Ending balance$(5,679)$(5,452)$(5,679)$(5,452)
Derivative Instruments
Beginning balance$(104)$(73)$(84)$(51)
Gains (losses) on derivative instruments6 (13)(9)(46)
Tax (expense) benefit(4)8 (6)11 
Net gains (losses) on derivative instruments2 (5)(15)(35)
(Gains) losses reclassified from AOCL to net income (loss) 5
1 (1)(3)9 
Tax expense (benefit) 2
(1)— — (2)
Net (gains) losses reclassified from AOCL to net income (loss)— (1)(3)7 
Other comprehensive income (loss), net of tax2 (6)(18)(28)
Ending balance$(102)$(79)$(102)$(79)
Total AOCL ending balance$(7,826)$(7,785)$(7,826)$(7,785)
1.Reclassified to "Net sales" and "Sundry income (expense) - net."
2.Reclassified to "Provision for income taxes."
3.Reclassified to "Sundry income (expense) - net."
4.These AOCL components are included in the computation of net periodic benefit cost (credit) of the Company's defined benefit pension and other postretirement benefit plans. See Note 18 for additional information.
5.Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."
v3.25.2
NONCONTROLLING INTERESTS Noncontrolling Interests (Tables)
 6 Months Ended
Jun. 30, 2025
Noncontrolling Interest [Abstract]  
Noncontrolling Interests [Table Text Block]
The following table summarizes the activity for equity attributable to noncontrolling interests for the three and six months ended June 30, 2025 and 2024:

Noncontrolling InterestsThree Months EndedSix Months Ended

In millions
Jun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Balance at beginning of period$507 $492 $496 $501 
Net income attributable to noncontrolling interests34 19 51 41 
Distributions to noncontrolling interests 1
(26)(25)(48)(39)
Cumulative translation adjustments12 (4)28 (20)
Sale of noncontrolling interests834 — 834 — 
Other— — — (1)
Balance at end of period$1,361 $482 $1,361 $482 
1. Includes dividends paid to a joint venture of $8 million for the three and six months ended June 30, 2025 ($8 million for the three and six months ended June 30, 2024) which were reclassified to "Equity in earnings of nonconsolidated affiliates" in the consolidated statements of income.
v3.25.2
PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs [Table Text Block] The following table provides the components of the Company's net periodic benefit cost (credit) for all significant plans:
Net Periodic Benefit Cost (Credit) for All Significant Plans Three Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Defined Benefit Pension Plans
Service cost$11 $14 $21 $28 
Interest cost 249 250 495 502 
Expected return on plan assets (322)(343)(641)(689)
Amortization of prior service credit(3)(4)(6)(7)
Amortization of net loss41 36 81 71 
Net periodic benefit credit$(24)$(47)$(50)$(95)
Other Postretirement Benefit Plans
Service cost $1 $1 $2 $2 
Interest cost 11 11 20 22 
Amortization of net gain(12)(11)(23)(21)
Net periodic benefit cost (credit)$— $1 $(1)$3 
v3.25.2
Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Investing Results The following table provides investing results from available-for-sale securities for the six months ended June 30, 2025 and 2024:
Investing ResultsSix Months Ended
In millionsJun 30, 2025Jun 30, 2024
Proceeds from sales of available-for-sale securities$220 $1,291 
Gross realized gains$5 $19 
Gross realized losses $(5)$(12)
Contractual Maturities of Debt Securities
The following table summarizes contractual maturities of the Company's investments in debt securities:

Contractual Maturities of Debt Securities at Jun 30, 2025
 CostFair Value
In millions
Within one year$120 $113 
One to five years1,151 1,058 
Six to ten years407 403 
After ten years544 447 
Total$2,222 $2,021 
Equity Securities with and without Readily Determinable Fair Value
Investments in Equity SecuritiesJun 30, 2025Dec 31, 2024
In millions
Readily determinable fair value$12 $14 
Not readily determinable fair value$145 $153 
Schedule of Notional Amounts of Outstanding Derivative Positions
The notional amounts of the Company's derivative instruments at June 30, 2025 and December 31, 2024 were as follows:

Notional Amounts 1
Jun 30, 2025Dec 31, 2024
In millions
Derivatives designated as hedging instruments:
Interest rate contracts$2,572 $1,870 
Foreign currency contracts$6,148 $3,144 
Derivatives not designated as hedging instruments:
Interest rate contracts$884 $14 
Foreign currency contracts$20,332 $9,244 
1.Notional amounts represent the absolute value of open derivative positions at the end of the period. Multi-leg option positions are reflected at the maximum notional position at expiration.

The notional amounts of the Company's commodity derivatives at June 30, 2025 and December 31, 2024 were as follows:

Commodity Notionals 1
Jun 30, 2025Dec 31, 2024Notional Volume Unit
Derivatives designated as hedging instruments:
Hydrocarbon derivatives4.7 3.2 million barrels of oil equivalent
Derivatives not designated as hedging instruments:
Hydrocarbon derivatives0.8 1.1 million barrels of oil equivalent
1.Notional amounts represent the net volume of open derivative positions outstanding at the end of the period.
Schedule of Derivative Instruments
Maximum Maturity Dates of Derivatives Designated as Hedging InstrumentsYear
Interest rate contracts2027
Foreign currency contracts2026
Commodity contracts2028
Schedule of Fair Values of Derivative Instruments
The following table provides the fair value and balance sheet classification of derivative instruments at June 30, 2025 and December 31, 2024:

Fair Value of Derivative InstrumentsJun 30, 2025Dec 31, 2024
In millionsGross
Counterparty and Cash Collateral Netting 1
Net 2
Gross
Counterparty and Cash Collateral Netting 1
Net 2
Asset derivatives
Derivatives designated as hedging instruments:
Interest rate contracts 3
$99 $(68)$31 $20 $(20)$— 
Interest rate contracts 4
20 (16)4 — — — 
Foreign currency contracts 3
57 (56)1 33 (15)18 
Foreign currency contracts 4
1 (1)— — — — 
Commodity contracts 3
136 (110)26 25 (14)11 
Commodity contracts 4
108 (95)13 46 (36)10 
Total$421 $(346)$75 $124 $(85)$39 
Derivatives not designated as hedging instruments:
Interest rate contracts 3
$5 $(4)$1 $— $— $— 
Interest rate contracts 4
1 (1)— — — — 
Foreign currency contracts 3
93 (83)10 74 (16)58 
Commodity contracts 3
31 (14)17 16 (1)15 
Commodity contracts 4
5 (4)1 4 (3)1 
Total$135 $(106)$29 $94 $(20)$74 
Total asset derivatives $556 $(452)$104 $218 $(105)$113 
Liability derivatives
Derivatives designated as hedging instruments:
Interest rate contracts 5
$70 $(68)$2 $46 $(20)$26 
Interest rate contracts 6
16 (16)— — — — 
Foreign currency contracts 5
155 (56)99 75 (15)60 
Foreign currency contracts 6
1 (1)— 40 — 40 
Commodity contracts 5
139 (113)26 16 (14)2 
Commodity contracts 6
103 (96)7 37 (36)1 
Total$484 $(350)$134 $214 $(85)$129 
Derivatives not designated as hedging instruments:
Interest rate contracts 5
$4 $(4)$— $1 $— $1 
Interest rate contracts 6
1 (1)— — — — 
Foreign currency contracts 5
183 (83)100 27 (16)11 
Commodity contracts 5
33 (18)15 8 (1)7 
Commodity contracts 6
5 (4)1 4 (3)1 
Total$226 $(110)$116 $40 $(20)$20 
Total liability derivatives $710 $(460)$250 $254 $(105)$149 
1.Counterparty and cash collateral amounts represent the estimated net settlement amount when applying netting and set-off rights included in master netting arrangements between the Company and its counterparties and the payable or receivable for cash collateral held or placed with the same counterparty.
2.Represents the net amounts included in the consolidated balance sheets.
3.Included in "Other current assets" in the consolidated balance sheets.
4.Included in "Deferred charges and other assets" in the consolidated balance sheets.
5.Included in "Accrued and other current liabilities" in the consolidated balance sheets.
6.Included in "Other noncurrent obligations" in the consolidated balance sheets.
Derivative Instruments, Gain (Loss)
The following table summarizes the gain (loss) of derivative instruments in the consolidated statements of income and comprehensive income for the three and six months ended June 30, 2025 and 2024:

Effect of Derivative Instruments
Gain (loss) recognized in OCI 1
Gain (loss) recognized in income 2
Three Months EndedSix Months EndedThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Derivatives designated as hedging instruments:
Fair value hedges:
Interest rate contracts 3, 4
$— $— $— $— $13 $(23)$33 $(23)
Excluded components 3, 5
4 (4)(1)(42)— — — — 
Cash flow hedges:
Interest rate contracts 3
(1)— — 1 — (7)(1)(9)
Foreign currency contracts 6
36 (8)30 (21)3 4 5 5 
Foreign currency contracts 7
(15)— (15)— — — — — 
Commodity contracts 6
(17)7 (11)22 (5)7 (1)(1)
Excluded components 5, 6
— — — (6)(2)(3)(3)(4)
Excluded components 7
7 — 7 — 3 — 3 — 
Net foreign investment hedges:
Foreign currency contracts(55)6 (82)8 — — — — 
Excluded components 5, 7
4 4 31 10 12 4 19 7 
Total derivatives designated as hedging instruments$(37)$5 $(41)$(28)$24 $(18)$55 $(25)
Derivatives not designated as hedging instruments:
Interest rate contracts 3
$— $— $— $— $2 $1 $2 $1 
Foreign currency contracts 7
— — — — (156)29 (212)60 
Commodity contracts 6
— — — — (12)(6)(17)2 
Total return swap 6
— — — — 35 4 24 26 
Total derivatives not designated as hedging instruments$— $— $— $— $(131)$28 $(203)$89 
Total derivatives$(37)$5 $(41)$(28)$(107)$10 $(148)$64 
1.OCI is defined as other comprehensive income (loss).
2.Pretax amounts.
3.Included in "Interest expense and amortization of debt discount" in the consolidated statements of income.
4.Gain (loss) recognized in income of derivatives is offset by gain (loss) recognized in income of the hedged item.
5.The excluded components are related to the time value of the derivatives designated as hedges.
6.Included in "Cost of sales" in the consolidated statements of income.
7.Included in "Sundry income (expense) - net" in the consolidated statements of income.
Schedule of Hedging Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized Over Next Fiscal Year
The following table provides the net after-tax gain (loss) expected to be reclassified from AOCL to income within the next 12 months:

Expected Reclassifications from AOCL within the next 12 monthsJun 30, 2025
In millions
Cash flow hedges:
Interest rate contracts$(3)
Commodity contracts$(3)
Foreign currency contracts$(21)
Excluded components$2 
Net foreign investment hedges:
Excluded components$23 
v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
The following table summarizes the bases used to measure certain assets and liabilities at fair value on a recurring basis:

Fair Value Measurements on a Recurring BasisJun 30, 2025Dec 31, 2024
In millionsFair Value LevelCostGainLossFair ValueCostGainLossFair Value
Assets at fair value:
Cash equivalents:
Held-to-maturity securities 1
Level 2$234 $— $— $234 $96 $— $— $96 
Money market fundsLevel 2841 — — 841 1,164 — — 1,164 
Marketable securities 2
Level 2393 — (87)306 453 — (70)383 
Other investments:
Debt securities: 3
Government debt 4
Level 21,132 14 (106)1,040 1,103 13 (123)993 
Corporate bondsLevel 117 — (1)16 18 — (1)17 
Corporate bondsLevel 2873 9 (69)813 954 6 (88)872 
Corporate bondsLevel 3200 — (48)152 200 — (49)151 
Equity securities 3, 5
Level 14 8 — 12 4 10 — 14 
Derivatives relating to: 6
Interest ratesLevel 2— 125 — 125 — 20 — 20 
Foreign currencyLevel 2— 151 — 151 — 107 — 107 
CommoditiesLevel 1— 15 — 15 — 4 — 4 
CommoditiesLevel 2— 265 — 265 — 87 — 87 
Total assets at fair value$3,970 $3,908 
Liabilities at fair value:
Long-term debt including debt due within one year 7
Level 2$(16,648)$1,543 $(435)$(15,540)$(16,208)$1,487 $(484)$(15,205)
Guarantee liability 8
Level 3(144)(155)
Derivatives relating to: 6
Interest ratesLevel 2— — (91)(91)— — (47)(47)
Foreign currencyLevel 2— — (339)(339)— — (142)(142)
CommoditiesLevel 1— — (17)(17)— — (1)(1)
CommoditiesLevel 2— — (263)(263)— — (64)(64)
Total liabilities at fair value$(16,394)$(15,614)
1.The Company's held-to-maturity securities primarily relate to treasury bills and time deposits. At June 30, 2025, $216 million is included in "Cash and cash equivalents" ($96 million at December 31, 2024) and $18 million is included in "Other current assets" (zero at December 31, 2024) in the consolidated balance sheets.
2.The Company’s investments in marketable securities are included in “Other current assets” in the consolidated balance sheets.
3.The Company’s investments in debt securities, which are primarily available-for-sale, and equity securities are included in “Other investments” in the consolidated balance sheets.
4.U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations.
5.Equity securities with a readily determinable fair value.
6.See Note 20 for classification of derivatives in the consolidated balance sheets.
7.Cost includes fair value hedge adjustment gains of $43 million at June 30, 2025 and $9 million at December 31, 2024 on $5,538 million of debt at June 30, 2025 and $5,129 million at December 31, 2024.
8.Estimated liability for TDCC's guarantee of Sadara's debt which is included in "Other noncurrent obligations" in the consolidated balance sheets.
v3.25.2
Variable Interest Entities (Tables) - Variable Interest Entity, Primary Beneficiary [Member]
 6 Months Ended
Jun. 30, 2025
Assets and Liabilities of Diamond Solutions
The following table summarizes the carrying amounts of Diamond Infrastructure Solutions' assets and liabilities included in the Company’s consolidated balance sheets at June 30, 2025. Amounts presented are adjusted for intercompany eliminations.

Assets and Liabilities of Diamond Infrastructure SolutionsJun 30, 2025
In millions
Other current assets$163 
Net property2,259 
Other noncurrent assets196 
Total assets 1
$2,618 
Current liabilities$338 
Long-term debt176 
Other noncurrent obligations316 
Total liabilities 2
$830 
1.All assets were restricted at June 30, 2025.
2.All liabilities were nonrecourse at June 30, 2025.
Schedule of Variable Interest Entities [Table Text Block] The following table summarizes the carrying amounts of other entities' assets and liabilities included in the Company’s consolidated balance sheets at June 30, 2025 and December 31, 2024:
Assets and Liabilities of Other Consolidated VIEsJun 30, 2025Dec 31, 2024
In millions
Cash and cash equivalents$9 $22 
Other current assets275 250 
Net property121 122 
Other noncurrent assets16 15 
Total assets 1
$421 $409 
Current liabilities$27 $24 
Other noncurrent obligations13 13 
Total liabilities 2
$40 $37 
1.Restricted assets totaled $183 million and $192 million at June 30, 2025 and December 31, 2024, respectively.
2.All liabilities were nonrecourse at June 30, 2025 and December 31, 2024.
v3.25.2
SEGMENTS AND GEOGRAPHIC REGIONS (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Revenue from External Customers by Geographic Areas
Sales to external customers, which are attributed to geographic regions based on customer location, were as follows:

Sales to External Customers by Geographic RegionThree Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
United States$3,725 $3,909 $7,671 $7,738 
EMEAI3,272 3,572 6,546 7,056 
Rest of World3,107 3,434 6,318 6,886 
Total$10,104 $10,915 $20,535 $21,680 
Long-Lived Assets by Geographic Areas
Long-lived assets, which are attributed to geographic regions based on asset location, were as follows:

Long-Lived Assets by Geographic RegionJun 30, 2025Dec 31, 2024
In millions
United States$15,050 $15,216 
EMEAI2,785 2,726 
Rest of World4,641 4,062 
Total$22,476 $22,004 
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Segment Operating EBIT 1
Pack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment Total
In millions
Three months ended Jun 30, 2025
Net sales$5,025 $2,786 $2,129 $9,940 
Cost of sales4,728 2,832 1,814 9,374 
SARD 2
221 116 147 484 
Equity in earnings (losses) of nonconsolidated affiliates7 (39)1 (31)
Other segment income (expense) items 3
(12)16 (17)(13)
Segment Operating EBIT 4
$71 $(185)$152 $38 
Three months ended Jun 30, 2024
Net sales$5,515 $2,951 $2,243 $10,709 
Cost of sales4,616 2,803 1,915 9,334 
SARD 2
253 127 157 537 
Equity in earnings (losses) of nonconsolidated affiliates55 (31)2 26 
Other segment income (expense) items 3
2 17 (27)(8)
Segment Operating EBIT 4
$703 $7 $146 $856 
Six months ended Jun 30, 2025
Net sales$10,335 $5,641 $4,200 $20,176 
Cost of sales9,493 5,654 3,659 18,806 
SARD 2
461 243 298 1,002 
Equity in earnings (losses) of nonconsolidated affiliates46 (97)1 (50)
Other segment income (expense) items 3
(14)40 (43)(17)
Segment Operating EBIT 4
$413 $(313)$201 $301 
Six months ended Jun 30, 2024
Net sales$10,945 $5,959 $4,395 $21,299 
Cost of sales9,213 5,579 3,809 18,601 
SARD 2
508 263 354 1,125 
Equity in earnings (losses) of nonconsolidated affiliates80 (46)8 42 
Other segment income (expense) items 3
4 23 (53)(26)
Segment Operating EBIT 4
$1,308 $94 $187 $1,589 
1.Significant expense categories are presented on an operating basis, net of the impact of significant items.
2.SARD includes selling, general and administrative and research and development expenses.
3.Other segment items includes amortization of intangibles and sundry income (expense) - net.
4.Segment Operating EBIT for TDCC for the three and six months ended June 30, 2025 and 2024 is substantially the same as that of Dow Inc. and therefore is not disclosed separately in the table above. A reconciliation of "Segment Operating EBIT" to "Income (loss) before income taxes" is provided in the following table.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Reconciliation of "Segment Operating EBIT" to "Income (Loss) Before Income Taxes"
Three Months EndedSix Months Ended
In millionsJun 30, 2025Jun 30, 2024Jun 30, 2025Jun 30, 2024
Segment Operating EBIT$38 $856 $301 $1,589 
+ Corporate Operating EBIT(59)(37)(92)(96)
+ Interest income39 42 67 107 
- Interest expense and amortization of debt discount209 197 425 396 
+ Significant items(468)(56)(884)(147)
Income (loss) before income taxes$(659)$608 $(1,033)$1,057 
Schedule of Other Segment Information [Table Text Block]
Other Segment InformationPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment Total
Corp. 1
Total
In millions
Three months ended Jun 30, 2025
Net sales$5,025 $2,786 $2,129 $9,940 $164 $10,104 
Depreciation and amortization$369 $153 $192 $714 $10 $724 
Capital expenditures$510 $102 $50 $662 $— $662 
Operating EBIT$71 $(185)$152 $38 $(59)$(21)
Three months ended Jun 30, 2024
Net sales$5,515 $2,951 $2,243 $10,709 $206 $10,915 
Depreciation and amortization$343 $141 $191 $675 $7 $682 
Capital expenditures$475 $170 $78 $723 $— $723 
Operating EBIT$703 $7 $146 $856 $(37)$819 
Six months ended Jun 30, 2025
Net sales$10,335 $5,641 $4,200 $20,176 $359 $20,535 
Depreciation and amortization$729 $299 $392 $1,420 $18 $1,438 
Capital expenditures$1,025 $231 $91 $1,347 $— $1,347 
Operating EBIT$413 $(313)$201 $301 $(92)$209 
Six months ended Jun 30, 2024
Net sales$10,945 $5,959 $4,395 $21,299 $381 $21,680 
Depreciation and amortization$714 $288 $384 $1,386 $16 $1,402 
Capital expenditures$944 $332 $161 $1,437 $— $1,437 
Operating EBIT$1,308 $94 $187 $1,589 $(96)$1,493 
1.Corporate contains the reconciliation between the totals for the operating segments and the Company's totals. Net sales for Corporate are primarily related to insurance operations. Corporate expenses are primarily related to insurance operations, salaries and wages and non-business aligned environmental and legal costs.
Segment Asset Information
Segment Asset InformationPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment TotalCorp.Total
In millions
Jun 30, 2025
Total assets$29,791 $12,252 $11,585 $53,628 $5,363 $58,991 
Investments in nonconsolidated affiliates 1
$686 $386 $145 $1,217 $45 $1,262 
Dec 31, 2024
Total assets$29,034 $11,928 $11,170 $52,132 $5,180 $57,312 
Investments in nonconsolidated affiliates 1
$711 $367 $146 $1,224 $42 $1,266 
1.See Note 10 for additional information regarding the Company's investments in nonconsolidated affiliates.
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
In millionsPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Mat. & CoatingsOperating Segment TotalCorp.Total
Three months ended Jun 30, 2025
2025 Restructuring Program severance and related benefit costs and asset related charges 1
$(158)$(89)$(147)$(394)$(197)$(591)
Implementation costs 2
— — — — (5)(5)
Net gain on divestitures and asset sale 3
— 103 — 103 — 103 
Litigation related charges, awards and adjustments 4
— — — — 42 42 
Indemnification and other transaction related costs 5
— — — — (17)(17)
Total significant items by segment$(158)$14 $(147)$(291)$(177)$(468)
Six months ended Jun 30, 2025
Restructuring, implementation and efficiency costs, and asset related charges - net 6
$— $(1)$— $(1)$(50)$(51)
2025 Restructuring Program severance and related benefit costs and asset related charges 1
(158)(89)(147)(394)(404)(798)
Implementation costs 2
— — — — (5)(5)
Net gain on divestitures and asset sale 3
— 103 — 103 — 103 
Litigation related charges, awards and adjustments 4
— — — — 42 42 
Loss on early extinguishment of debt 7
— — — — (60)(60)
Indemnification and other transaction related costs 5
— — — — (115)(115)
Total significant items by segment$(158)$13 $(147)$(292)$(592)$(884)
1.Severance and related benefit costs and impairment charges related to the write-down of certain manufacturing facilities, corporate assets, leased non-manufacturing facilities and other miscellaneous assets associated with the Company's 2025 Restructuring Program. See Note 5 for additional information.
2.Implementation costs associated with the Company's 2025 Restructuring Program and the sale of membership interests of the Company's wholly owned subsidiary, Diamond Infrastructure Solutions.
3.Related to a gain on the sale of the soil fumigation product line. See Note 4 for additional information.
4.Includes a gain associated with the reassessment of liabilities for certain accrued Groundwater Matters, partially offset by the settlement of a separate claim related to water storage district Groundwater Matters. See Note 14 for additional information.
5.Charges associated with agreements entered into with DuPont and Corteva 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. The six months ended June 30, 2025 also includes a charge related to an arbitration settlement agreement for historical product claims from a divested business. See Note 14 for additional information.
6.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. The six months ended June 30, 2024 also includes impairment charges related to the write-down of certain manufacturing assets, partially offset by an asset related credit adjustment. See Note 5 for additional information.
7.The Company retired outstanding long-term debt resulting in a loss on early extinguishment. See Note 13 for additional information.

Significant Items by SegmentPack. & Spec. PlasticsInd. Interm. & Infrast.Perf. Materials & CoatingsOperating Segment TotalCorp.Total
In millions
Three months ended Jun 30, 2024
Restructuring, implementation and efficiency costs, and asset related charges - net 1
$— $— $— $— $(56)$(56)
Six months ended Jun 30, 2024
Restructuring, implementation and efficiency costs, and asset related charges - net 1
$(37)$(8)$— $(45)$(102)$(147)
1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. The six months ended June 30, 2024 also includes impairment charges related to the write-down of certain manufacturing assets.
v3.25.2
REVENUE (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Revenue from External Customer [Line Items]          
Revenue, Percentage from Products and Service Transferred to Customers 98.00% 97.00% 97.00% 98.00%  
Revenue, Remaining Performance Obligation, Amount $ 762   $ 762   $ 759
Revenues 10,104 $ 10,915 20,535 $ 21,680  
Contract with Customer, Liability, Revenue Recognized     130 90  
Accounts and notes receivable - Trade 5,426   5,426   4,756
Contract assets - noncurrent 0   0   2
Contract liabilities - current 196   196   244
Contract liabilities - noncurrent 1,431   1,431   1,480
The Dow Chemical Company          
Revenue from External Customer [Line Items]          
Accounts and notes receivable - Trade 5,426   5,426   $ 4,756
U.S. & Canada          
Revenue from External Customer [Line Items]          
Revenues 3,988 4,191 8,215 8,321  
EMEAI 1          
Revenue from External Customer [Line Items]          
Revenues 3,272 3,572 6,546 7,056  
Asia Pacific          
Revenue from External Customer [Line Items]          
Revenues 1,737 1,901 3,595 3,822  
Latin America          
Revenue from External Customer [Line Items]          
Revenues $ 1,107 1,251 $ 2,179 2,481  
Maximum [Member]          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]          
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period 18 years   18 years    
Packaging & Specialty Plastics [Member]          
Revenue from External Customer [Line Items]          
Revenues $ 5,025 5,515 $ 10,335 10,945  
Packaging & Specialty Plastics [Member] | Hydrocarbons & Energy [Member]          
Revenue from External Customer [Line Items]          
Revenues 1,350 1,447 2,928 2,914  
Packaging & Specialty Plastics [Member] | Packaging and Specialty Plastics [Member]          
Revenue from External Customer [Line Items]          
Revenues 3,675 4,068 7,407 8,031  
Industrial Intermediates & Infrastructure [Member]          
Revenue from External Customer [Line Items]          
Revenues 2,786 2,951 5,641 5,959  
Industrial Intermediates & Infrastructure [Member] | Industrial Solutions [Member]          
Revenue from External Customer [Line Items]          
Revenues 985 1,040 2,039 2,068  
Industrial Intermediates & Infrastructure [Member] | Polyurethanes & CAV [Member]          
Revenue from External Customer [Line Items]          
Revenues 1,797 1,909 3,594 3,886  
Industrial Intermediates & Infrastructure [Member] | Other [Member]          
Revenue from External Customer [Line Items]          
Revenues 4 2 8 5  
Performance Materials & Coatings [Member]          
Revenue from External Customer [Line Items]          
Revenues 2,129 2,243 4,200 4,395  
Performance Materials & Coatings [Member] | Coatings and Performance Monomers [Member]          
Revenue from External Customer [Line Items]          
Revenues 864 928 1,709 1,813  
Performance Materials & Coatings [Member] | Consumer Solutions [Member]          
Revenue from External Customer [Line Items]          
Revenues 1,265 1,315 2,491 2,582  
Corporate Segment [Member]          
Revenue from External Customer [Line Items]          
Revenues $ 164 $ 206 $ 359 $ 381  
v3.25.2
Discontinued Operations and Disposal Groups (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
May 01, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $ (103) $ (103)  
Expected Cash Proceeds, Sale of Ownership Interest, Nonconsolidated Affiliate 125 $ 125  
Telone Soil Fumigation      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment     $ 5
Disposal Group, Including Discontinued Operation, Goodwill     $ 10
Industrial Intermediates & Infrastructure [Member] | Telone Soil Fumigation      
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]      
Proceeds from Divestiture of Businesses 121    
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $ 103    
v3.25.2
Restructuring and related activities (2025 Restructuring Program) (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net $ 591,000,000   $ 0 $ 799,000,000 $ 45,000,000
2025 Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring and related workforce reduction 1,500     1,500  
Restructuring and asset related charges - net $ 591,000,000 $ 207,000,000      
Restructuring Reserve, Settled without Cash (437,000,000)        
Payments for Restructuring (16,000,000)        
Restructuring Reserve 345,000,000 207,000,000   $ 345,000,000  
Restructuring Charges       798,000,000  
Asset Retirement Obligation, Liabilities Incurred 111,000,000        
2025 Program | Employee Severance [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 154,000,000 207,000,000      
Restructuring Reserve, Settled without Cash 0        
Payments for Restructuring (16,000,000)        
Restructuring Reserve 345,000,000 207,000,000   345,000,000  
Restructuring Charges       361,000,000  
2025 Program | Asset write-downs and write-offs [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 334,000,000 0      
Restructuring Reserve, Settled without Cash (334,000,000)        
Payments for Restructuring 0        
Restructuring Reserve 0 0   0  
Restructuring Charges 334,000,000     334,000,000  
2025 Program | Costs Associated with Exit and Disposal Activities [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 103,000,000 0      
Restructuring Reserve, Settled without Cash (103,000,000)        
Payments for Restructuring 0        
Restructuring Reserve 0 0   0  
Restructuring Charges       103,000,000  
2025 Program | Costs Associated with Exit and Disposal Activities [Member] | Additional Cash Expenditures          
Restructuring Cost and Reserve [Line Items]          
Restructuring and Related Cost, Expected Cost 60,000,000     60,000,000  
2025 Program | Restructuring Implementation Costs          
Restructuring Cost and Reserve [Line Items]          
Payments for Restructuring (5,000,000)     (5,000,000)  
Restructuring Charges 5,000,000     5,000,000  
2025 Program | Restructuring Implementation Costs | Additional Cash Expenditures          
Restructuring Cost and Reserve [Line Items]          
Restructuring and Related Cost, Expected Cost 225,000,000     225,000,000  
Segment Reporting, Reconciling Item, Corporate Nonsegment | 2025 Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 197,000,000 207,000,000      
Segment Reporting, Reconciling Item, Corporate Nonsegment | 2025 Program | Employee Severance [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 154,000,000 207,000,000      
Segment Reporting, Reconciling Item, Corporate Nonsegment | 2025 Program | Asset write-downs and write-offs [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 43,000,000 0      
Segment Reporting, Reconciling Item, Corporate Nonsegment | 2025 Program | Costs Associated with Exit and Disposal Activities [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 0 $ 0      
Segment Reporting, Reconciling Item, Corporate Nonsegment | 2025 Program | Restructuring Implementation Costs          
Restructuring Cost and Reserve [Line Items]          
Restructuring Charges 5,000,000     5,000,000  
Packaging & Specialty Plastics [Member] | 2025 Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 158,000,000        
Packaging & Specialty Plastics [Member] | 2025 Program | Employee Severance [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 0        
Packaging & Specialty Plastics [Member] | 2025 Program | Asset write-downs and write-offs [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 81,000,000        
Packaging & Specialty Plastics [Member] | 2025 Program | Costs Associated with Exit and Disposal Activities [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 77,000,000        
Industrial Intermediates & Infrastructure [Member] | 2025 Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 89,000,000        
Industrial Intermediates & Infrastructure [Member] | 2025 Program | Employee Severance [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 0        
Industrial Intermediates & Infrastructure [Member] | 2025 Program | Asset write-downs and write-offs [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 63,000,000        
Industrial Intermediates & Infrastructure [Member] | 2025 Program | Costs Associated with Exit and Disposal Activities [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 26,000,000        
Performance Materials & Coatings [Member] | 2025 Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 147,000,000        
Performance Materials & Coatings [Member] | 2025 Program | Employee Severance [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 0        
Performance Materials & Coatings [Member] | 2025 Program | Asset write-downs and write-offs [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 147,000,000        
Performance Materials & Coatings [Member] | 2025 Program | Costs Associated with Exit and Disposal Activities [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net 0        
Accrued and Other Current Liabilities [Member] | 2025 Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring Reserve 178,000,000     178,000,000  
Other Noncurrent Obligations [Member] | 2025 Program          
Restructuring Cost and Reserve [Line Items]          
Restructuring Reserve $ 167,000,000     $ 167,000,000  
v3.25.2
RESTRUCTURING AND ASSET RELATED CHARGES - NET (2023 Restructuring Program) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net $ (591)   $ 0 $ (799) $ (45)
2023 Restructuring Program | Restructuring Implementation Costs          
Restructuring Cost and Reserve [Line Items]          
Payments for Restructuring $ 0   $ 56 50 $ 102
Industrial Intermediates & Infrastructure [Member] | 2023 Restructuring Program | Asset write-downs and write-offs [Member]          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net   $ (5)   $ (5)  
Industrial Intermediates & Infrastructure [Member] | 2023 Restructuring Program | Asset related credit adjustment          
Restructuring Cost and Reserve [Line Items]          
Restructuring and asset related charges - net   $ (4)      
v3.25.2
Summary of Sundry Income (Expense) - Net (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration] Sundry income (expense) - net Sundry income (expense) - net Sundry income (expense) - net Sundry income (expense) - net
Gain (Loss) on Extinguishment of Debt     $ 60  
Other Nonoperating Income (Expense) $ 23 $ 11 54 $ 25
Sundry income (expense) - net 147 76 160 137
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal (103)   (103)  
Charges related to separation, distribution and tax matters agreements (17)   (115)  
Nonoperating Income (Expense)        
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) 36 61 74 122
Foreign Currency Transaction Gain (Loss), before Tax 4 (12) 11 (35)
Gain (Loss) on Disposition of Other Assets (2) 10 (5) 19
Gain (Loss) on Extinguishment of Debt 0 5 (60) 5
Charges related to separation, distribution and tax matters agreements $ (17) $ 1 $ (17) $ 1
v3.25.2
Company-Owned Life Insurance (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Gross Life Insurance, Corporate or Bank Owned, Amount $ 535 $ 558
Life Insurance, Corporate or Bank Owned, Amount 332 558
COLI Monetization [Member]    
Other Short-term Borrowings 200 0
Interest Payable $ 3 $ 0
v3.25.2
Supplier Finance Program (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Minimum [Member]    
Supplier Finance Program, Payment Timing, Period 90 days  
Maximum [Member]    
Supplier Finance Program, Payment Timing, Period 120 days  
Accounts Payable    
Supplier Finance Program Obligation, Current $ 306 $ 291
v3.25.2
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Provision for income taxes $ 142 $ 150 $ 58 $ 61
Effective Income Tax Rate Reconciliation, Percent (21.50%) 24.70% (5.60%) 5.80%
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount $ (242)      
Effective Income Tax Rate Reconciliation, Sale of Membership Interest, Amount $ 89      
Effective Income Tax Rate Reconciliation, Tax Credit, Amount       $ 194
v3.25.2
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net income (loss) $ (801) $ 458 $ (1,091) $ 996
Net income attributable to noncontrolling interests 34 19 51 41
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic 4 3 7 6
Net Income (Loss) Available to Common Stockholders, Basic $ (839) $ 436 $ (1,149) $ 949
Earnings Per Share, Basic $ (1.18) $ 0.62 $ (1.62) $ 1.35
Earnings Per Share, Diluted $ (1.18) $ 0.62 $ (1.62) $ 1.35
Weighted-average common shares outstanding - basic 709.5 703.8 708.2 704.1
Dilutive effect of equity compensation plans 0.0 1.5 0.0 1.4
Weighted-average common shares outstanding - diluted 709.5 705.3 708.2 705.5
Stock options and restricted stock units excluded from EPS calculations 19.6 9.4 17.2 9.1
v3.25.2
INVENTORIES (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Inventory Disclosure [Abstract]    
Finished goods $ 3,764 $ 3,773
Work in process 1,365 1,323
Raw materials 845 822
Supplies 1,137 1,039
Total 7,111 6,957
Adjustment of inventories to the LIFO basis (410) (413)
Total inventories $ 6,701 $ 6,544
v3.25.2
NONCONSOLIDATED AFFILIATES (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]    
Investment in nonconsolidated affiliates $ 1,262 $ 1,266
Equity Method Investment, Liability, Noncurrent 792 568
Equity Method Investment, Net of Investment Liabilities 470 698
EQUATE Petrochemical Company Ksc [Member]    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investment, Liability, Noncurrent 75 51
Sadara Chemical Company [Member]    
Schedule of Equity Method Investments [Line Items]    
Equity Method Investment, Liability, Noncurrent $ 717 $ 517
v3.25.2
GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Goodwill (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Goodwill [Line Items]    
Goodwill $ 8,698 $ 8,565
Goodwill, Foreign Currency Translation, Gain (Loss) 143  
Telone Soil Fumigation    
Goodwill [Line Items]    
Goodwill, Written off Related to Sale of Business Unit (10)  
Packaging & Specialty Plastics [Member]    
Goodwill [Line Items]    
Goodwill 5,130 5,118
Goodwill, Foreign Currency Translation, Gain (Loss) 12  
Packaging & Specialty Plastics [Member] | Telone Soil Fumigation    
Goodwill [Line Items]    
Goodwill, Written off Related to Sale of Business Unit 0  
Industrial Intermediates & Infrastructure [Member]    
Goodwill [Line Items]    
Goodwill 1,087 1,092
Goodwill, Foreign Currency Translation, Gain (Loss) 5  
Industrial Intermediates & Infrastructure [Member] | Telone Soil Fumigation    
Goodwill [Line Items]    
Goodwill, Written off Related to Sale of Business Unit (10)  
Performance Materials & Coatings [Member]    
Goodwill [Line Items]    
Goodwill 2,481 $ 2,355
Goodwill, Foreign Currency Translation, Gain (Loss) 126  
Performance Materials & Coatings [Member] | Telone Soil Fumigation    
Goodwill [Line Items]    
Goodwill, Written off Related to Sale of Business Unit $ 0  
v3.25.2
TRANSFERS OF FINANCIAL ASSETS (Details)
€ in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
EUR (€)
Dec. 31, 2024
USD ($)
Cash Flows Between Transferor and Transferee, Proceeds from New Transfers $ 24 $ 623 $ 538 $ 1,050    
Balance Outstanding Related to Transfers of Accounts Receivable 34   34     $ 287
Transfer of Financial Assets Accounted for as Sales, Amount Derecognized 5   5     278
Transfers of Accounts Receivable, Amounts Recognized in the Balance Sheet Not Remitted 29   29     $ 9
Accounts Receivable Facility, U.S.            
Trade Accounts Receivable Eligible for Sale $ 900   $ 900      
Accounts Receivable Facility, Europe [Member]            
Trade Accounts Receivable Eligible for Sale | €         € 500  
v3.25.2
NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES Notes Payable (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Short-term Debt [Line Items]    
Period-end average interest rates 28.81% 36.03%
InterNotes    
Short-term Debt [Line Items]    
Notes Issued $ 107  
Notes Payable to Banks [Member]    
Short-term Debt [Line Items]    
Short-term Debt $ 149 $ 135
v3.25.2
NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES Long-Term Debt (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]      
Unamortized debt discount and issuance costs   $ (225) $ (244)
Long-term debt due within one year 3   (401) (497)
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—)   16,247 15,711
Long Term Debt, Accumulated Fair Value Adjustment   43 $ 9
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year   317  
Long-Term Debt, Maturity, Year One   152  
Long-term Debt, Maturities, Repayments of Principal in Year Two   771  
Long-term Debt, Maturities, Repayments of Principal in Year Three   742  
Long-term Debt, Maturities, Repayments of Principal in Year Four   1,054  
Long-term Debt, Maturities, Repayments of Principal in Year Five   953  
Gain (Loss) on Extinguishment of Debt   (60)  
Repayments of Long-term Debt   125  
Senior Unsecured Notes      
Debt Instrument [Line Items]      
Debt Instrument, Face Amount $ 1,000    
InterNotes      
Debt Instrument [Line Items]      
Notes Issued   $ 107  
Senior Unsecured Notes, 5.35 Percent, Due 2035      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.35%    
Debt Instrument, Face Amount $ 400    
Senior Unsecured Notes, 5.95 Percent, Due 2055      
Debt Instrument [Line Items]      
Debt Instrument, Interest Rate, Stated Percentage 5.95%    
Debt Instrument, Face Amount $ 600    
Debt Securities [Member]      
Debt Instrument [Line Items]      
Repayments of Debt 943    
Debt Securities [Member] | Sundry Income (Expense), Net [Member]      
Debt Instrument [Line Items]      
Gain (Loss) on Extinguishment of Debt $ 60    
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Year One [Member]      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   4.55% 5.63%
Long-term Debt, Gross   $ 208 $ 333
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Year Four [Member]      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   4.80% 4.80%
Long-term Debt, Gross   $ 600 $ 600
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Year Five [Member]      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   7.53% 7.58%
Long-term Debt, Gross   $ 951 $ 1,368
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Year Six      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   2.10% 2.10%
Long-term Debt, Gross   $ 818 $ 818
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Year Seven and Thereafter      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   5.41% 5.37%
Long-term Debt, Gross   $ 10,223 $ 9,192
Loans Payable [Member] | Foreign Currency Loans [Member]      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   2.11% 2.01%
Long-term Debt, Gross   $ 2,250 $ 2,540
InterNotes      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   4.53% 4.31%
Long-term Debt, Gross   $ 756 $ 661
Medium-term Notes [Member]      
Debt Instrument [Line Items]      
Long-term Debt, Weighted Average Interest Rate, at Point in Time   4.75% 4.75%
Long-term Debt, Gross   $ 1 $ 1
Finance Leases [Member]      
Debt Instrument [Line Items]      
Finance lease obligations 2   $ 1,066 $ 939
v3.25.2
NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES Committed and Available Credit Facilities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Jun. 30, 2025
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   $ 8,400
Line of Credit Facility, Remaining Borrowing Capacity   8,400
Debt Securities [Member]    
Line of Credit Facility [Line Items]    
Repayments of Debt $ 943  
Revolving Credit Facility [Member] | Five Year Competitive Advance and Revolving Credit Facility [Member]    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   5,000
Line of Credit Facility, Remaining Borrowing Capacity   5,000
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due March 2025, Facility One [Member]    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   100
Line of Credit Facility, Remaining Borrowing Capacity   100
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due March 2025, Facility Two [Member]    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   100
Line of Credit Facility, Remaining Borrowing Capacity   100
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due September 2025    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   200
Line of Credit Facility, Remaining Borrowing Capacity   200
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due March 2026    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   100
Line of Credit Facility, Remaining Borrowing Capacity   100
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due November 2026    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   150
Line of Credit Facility, Remaining Borrowing Capacity   150
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due May 2027    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   100
Line of Credit Facility, Remaining Borrowing Capacity   100
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due June 2027    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   350
Line of Credit Facility, Remaining Borrowing Capacity   350
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due September 2027    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   200
Line of Credit Facility, Remaining Borrowing Capacity   200
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due September 2025, Facility Two    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   175
Line of Credit Facility, Remaining Borrowing Capacity   175
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due November 2025    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   300
Line of Credit Facility, Remaining Borrowing Capacity   300
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due November 2026, Facility Two    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   200
Line of Credit Facility, Remaining Borrowing Capacity   200
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due March 2027    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   250
Line of Credit Facility, Remaining Borrowing Capacity   250
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due October 2027    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   100
Line of Credit Facility, Remaining Borrowing Capacity   100
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due November 2027    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   100
Line of Credit Facility, Remaining Borrowing Capacity   100
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due Due May 2028    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   300
Line of Credit Facility, Remaining Borrowing Capacity   300
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due October 2024    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   375
Line of Credit Facility, Remaining Borrowing Capacity   375
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due February 2026    
Line of Credit Facility [Line Items]    
Line of Credit Facility, Maximum Borrowing Capacity   300
Line of Credit Facility, Remaining Borrowing Capacity   $ 300
v3.25.2
COMMITMENTS AND CONTINGENCIES (Environmental Matters) (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Loss Contingencies [Line Items]    
Accrual for environmental loss contingencies $ 1,071 $ 1,113
Accrual For Environmental Loss Contingencies Superfund Sites [Member]    
Loss Contingencies [Line Items]    
Accrual for environmental loss contingencies $ 224 $ 234
v3.25.2
COMMITMENTS AND CONTINGENCIES (Asbestos-Related Matters of Union Carbide Corporation) (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Loss Contingencies [Line Items]    
Liability for Asbestos and Environmental Claims, Gross $ 745 $ 791
Percentage of recorded asbestos liability related to pending claims 26.00%  
Percentage of recorded asbestos liability related to future claims 74.00%  
v3.25.2
Commitment and Contingencies (Legacy Matters) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Sep. 30, 2024
Jun. 30, 2025
Dec. 31, 2024
Legacy agricultural chemical prodcuts        
Product Liability Contingency [Line Items]        
Product Liability Accrual, Component Amount $ 99   $ 99 $ 155
Legacy agricultural chemical prodcuts | Segment Reporting, Reconciling Item, Corporate Nonsegment        
Product Liability Contingency [Line Items]        
Product Liability Accrual, Period Expense (106)      
Legacy agricultural chemical products , Water Storage Districts | Segment Reporting, Reconciling Item, Corporate Nonsegment        
Product Liability Contingency [Line Items]        
Product Liability Accrual, Period Expense $ 64      
Legacy historical product claims - arbitration        
Product Liability Contingency [Line Items]        
Product Liability Accrual, Period Expense   $ 75    
Legacy historical product claims - arbitration | Segment Reporting, Reconciling Item, Corporate Nonsegment        
Product Liability Contingency [Line Items]        
Product Liability Accrual, Period Expense     $ 98  
v3.25.2
COMMITMENTS AND CONTINGENCIES Nova Ethylene Asset Matter (Details) - Nova Ethylene Asset Matter [Member]
$ in Millions, $ in Millions
 3 Months Ended
Sep. 18, 2019
CAD ($)
Sep. 18, 2019
USD ($)
Jun. 30, 2025
CAD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Gain Contingencies [Line Items]          
Litigation Settlement, Amount Awarded from Other Party $ 1,430 $ 1,080 $ 1,620 $ 1,200  
Estimated Litigation Liability, Noncurrent       $ 201 $ 201
v3.25.2
COMMITMENTS AND CONTINGENCIES (Guarantees) (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Sadara Chemical Company [Member]    
Guarantor Obligations [Line Items]    
Equity Method Investment, Ownership Percentage 35.00%  
Performance Guarantee [Member]    
Guarantor Obligations [Line Items]    
Guarantor obligations, maximum future payments $ 1,229 $ 1,456
Guarantor obligations, recorded liability 144 155
Performance Guarantee [Member] | Sadara Chemical Company [Member]    
Guarantor Obligations [Line Items]    
Guarantor obligations, maximum future payments 1,300  
Performance Guarantee [Member] | Sadara Chemical Company [Member] | Sadara Chemical Company [Member]    
Guarantor Obligations [Line Items]    
Guarantor obligations, maximum future payments 500  
Accounts Receivable Facilities Performance    
Guarantor Obligations [Line Items]    
Guarantor obligations, maximum future payments $ 5 $ 239
v3.25.2
Commitment and Contingencies (Asset Retirement Obligations) (Details) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Other Commitments [Line Items]    
Asset Retirement Obligation $ 300 $ 174
2025 Program    
Other Commitments [Line Items]    
Asset Retirement Obligation, Liabilities Incurred $ 111  
v3.25.2
LEASES COSTS AND OTHER INFORMATION (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Leases [Abstract]        
Operating Lease, Cost $ 109 $ 110 $ 215 $ 217
Finance Lease, Right-of-Use Asset, Amortization 32 28 64 55
Finance Lease, Interest Expense 12 12 24 22
Finance Lease, Cost 44 40 88 77
Short-term Lease, Cost 87 88 167 162
Variable Lease, Cost 283 265 538 523
Sublease Income (1) (3) (3) (5)
Lease, Cost $ 522 $ 500 1,005 974
Operating Lease, Payments     222 223
Finance Lease, Interest Payment on Liability     24 22
Finance Lease, Principal Payments     54 61
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability     108 119
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability     $ 165 $ 168
v3.25.2
Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Other Comprehensive Income (Loss), Net of Tax $ 130 $ 29 $ 284 $ (104)        
Derivative instruments 2 (6) (18) (28)        
Total equity 18,592 18,800 18,592 18,800   $ 17,851    
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Other Comprehensive Income (Loss), before Reclassifications, before Tax (25) 65 15 80        
Other Comprehensive Income (Loss), Tax 2 (2) (5) (20)        
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (23) 63 10 60        
Other Comprehensive Income (Loss), Net of Tax (22) 61 10 55        
Total equity (233) (198) (233) (198) $ (211) (243) $ (259) $ (253)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 1 (3) 0 (7)        
Reclassification from AOCI, Current Period, Tax 0 1 0 2        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 1 (2) 0 (5)        
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Other Comprehensive Income (Loss), before Reclassifications, before Tax 129 (39) 255 (155)        
Other Comprehensive Income (Loss), Tax 12 0 15 (3)        
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 141 (39) 270 (158)        
Other Comprehensive Income (Loss), Net of Tax 129 (43) 251 (165)        
Total equity (1,812) (2,056) (1,812) (2,056) (1,941) (2,063) (2,013) (1,891)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (12) (4) (19) (7)        
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Other Comprehensive Income (Loss), before Reclassifications, before Tax 1 1 1 0        
Other Comprehensive Income (Loss), Net of Tax 21 17 41 34        
Total equity (5,679) (5,452) (5,679) (5,452) (5,700) (5,720) (5,469) (5,486)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 26 21 52 43        
Reclassification from AOCI, Current Period, Tax (6) (5) (12) (9)        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 20 16 40 34        
Accumulated Other Comprehensive Loss                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Other Comprehensive Income (Loss), Net of Tax 130 29 284 (104)        
Total equity (7,826) (7,785) (7,826) (7,785) (7,956) (8,110) (7,814) (7,681)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Other Comprehensive Income (Loss), before Reclassifications, before Tax 6 (13) (9) (46)        
Other Comprehensive Income (Loss), Tax (4) 8 (6) 11        
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 2 (5) (15) (35)        
Derivative instruments 2 (6) (18) (28)        
Total equity (102) (79) (102) (79) $ (104) $ (84) $ (73) $ (51)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent | Reclassification out of Accumulated Other Comprehensive Income [Member]                
Accumulated Other Comprehensive Income (Loss) [Line Items]                
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax 1 (1) (3) 9        
Reclassification from AOCI, Current Period, Tax (1) 0 0 (2)        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax $ 0 $ (1) $ (3) $ 7        
v3.25.2
NONCONTROLLING INTERESTS Noncontrolling Interests (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Noncontrolling Interest [Line Items]                
Total equity $ 18,592 $ 18,800 $ 18,592 $ 18,800   $ 17,851    
Percentage of Membership Interests in Diamond Infrastructure Solutions Sold 40.00%   40.00%          
Proceeds from Noncontrolling Interests     $ 2,433 0        
Additional Percentage of Dow InfraCo Membership Interests Available for Purchase 9.00%   9.00%          
Additional Expected Cash Proceeds for Sale of 9 percent Membership Interest in InfraCo $ 600   $ 600          
Noncontrolling Interest [Member]                
Noncontrolling Interest [Line Items]                
Total equity 1,361 482 1,361 482 $ 507 496 $ 492 $ 501
Net income attributable to noncontrolling interests 34 19 51 41        
Distributions to noncontrolling interests 1 (26) (25) (48) (39)        
Cumulative translation adjustments 12 (4) 28 (20)        
Noncontrolling Interest, Increase from Sale of Parent Equity Interest 834 0 834 0        
Other 0 0 0 (1)        
Dividends Paid to a Joint Venture Not Included in Distributions to NCI 8 8 8 8        
Proceeds from Noncontrolling Interests 2,400              
Additional Paid-in Capital [Member]                
Noncontrolling Interest [Line Items]                
Total equity 10,758 9,012 10,758 9,012 $ 9,195 $ 9,203 $ 8,942 $ 8,880
Noncontrolling Interest in Net Income (Loss) Other Noncontrolling Interests, Redeemable $ 1,540 $ 0 $ 1,540 $ 0        
v3.25.2
PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Pension Plan [Member]        
Defined Benefit Plan Disclosures [Line Items]        
Service cost $ 11 $ 14 $ 21 $ 28
Interest cost 249 250 495 502
Expected return on plan assets 322 343 641 689
Amortization of prior service credit (3) (4) (6) (7)
Defined Benefit Plan, Amortization of (Gain) Loss 41 36 81 71
Net periodic benefit cost (24) (47) (50) (95)
Other Postretirement Benefits [Member]        
Defined Benefit Plan Disclosures [Line Items]        
Service cost 1 1 2 2
Interest cost 11 11 20 22
Defined Benefit Plan, Amortization of (Gain) Loss (12) (11) (23) (21)
Net periodic benefit cost $ 0 $ 1 $ (1) $ 3
v3.25.2
STOCK-BASED COMPENSATION (Stock Incentive Plan) (Details) - $ / shares
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2025
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross   1,800  
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price   $ 38.34  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value   $ 8.27  
Employee Stock Purchase Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Employee Subscription Rate 10.00%   10.00%
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent     85.00%
Employee Stock Purchase Plan | Employee      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Right to purchase shares subscribed by employees 3,900 3,200  
Restricted Stock Units (RSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period   3,000  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value   $ 38.34  
Performance Stock Units (PSUs) [Member]      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period   2,100  
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value   $ 38.46  
v3.25.2
Debt Investments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Debt Securities, Available-for-sale [Line Items]          
Proceeds from sales of available-for-sale securities     $ 220 $ 1,291  
Gross realized gains     5 19  
Available-for-sale Securities, Gross Realized Losses     (5) (12)  
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost $ 120   120    
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value 113   113    
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost 1,151   1,151    
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value 1,058   1,058    
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost 407   407    
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value 403   403    
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost 544   544    
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value 447   447    
Debt Securities, Available-for-sale, Amortized Cost 2,222   2,222    
Debt Securities, Available-for-sale 2,021   2,021    
Equity Securities, Net Unrealized Gain (Loss) (1) $ 0 (2) $ 0  
Equity Securities, FV-NI, Current 12   12   $ 14
Equity Securities without Readily Determinable Fair Value, Amount $ 145   $ 145   $ 153
v3.25.2
Notional Amounts (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Boe
Dec. 31, 2024
USD ($)
Boe
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount $ 2,572 $ 1,870
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount 884 14
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount 6,148 3,144
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount $ 20,332 $ 9,244
Commodity Contract Hydrocarbons | Designated as Hedging Instrument [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Nonmonetary Notional Amount | Boe 4,700,000 3,200,000
Commodity Contract Hydrocarbons | Not Designated as Hedging Instrument [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Nonmonetary Notional Amount | Boe 800,000 1,100,000
v3.25.2
Schedule of Fair Value of Derivative Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement $ 556 $ 218
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (452) (105)
Derivative Asset 104 113
Derivative Liability, Fair Value, Gross Liability 710 254
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (460) (105)
Derivative Liability 250 149
Derivative Liability, Collateral, Right to Reclaim Cash, Offset 15 16
Derivative Asset, Collateral, Obligation to Return Cash, Offset 0 0
Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 421 124
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (346) (85)
Derivative Asset 75 39
Derivative Liability, Fair Value, Gross Liability 484 214
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (350) (85)
Derivative Liability 134 129
Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 135 94
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (106) (20)
Derivative Asset 29 74
Derivative Liability, Fair Value, Gross Liability 226 40
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (110) (20)
Derivative Liability 116 20
Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Current 2 26
Derivative Asset, Noncurrent (4) 0
Derivative Liability, Noncurrent 0 0
Derivative Asset, Current 31 0
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Current 0 1
Derivative Asset, Noncurrent 0 0
Derivative Liability, Noncurrent 0 0
Derivative Asset, Current 1 0
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Current 99 60
Derivative Asset, Noncurrent 0 0
Derivative Liability, Noncurrent 0 40
Derivative Asset, Current 1 18
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Current 100 11
Derivative Asset, Current 10 58
Commodity Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Current 26 2
Derivative Asset, Noncurrent (13) (10)
Derivative Liability, Noncurrent 7 1
Derivative Asset, Current 26 11
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Current 15 7
Derivative Asset, Noncurrent (1) (1)
Derivative Liability, Noncurrent 1 1
Derivative Asset, Current 17 15
Other Current Assets [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 99 20
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (68) (20)
Other Current Assets [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 5 0
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (4) 0
Other Current Assets [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 57 33
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (56) (15)
Other Current Assets [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 93 74
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (83) (16)
Other Current Assets [Member] | Commodity Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 136 25
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (110) (14)
Other Current Assets [Member] | Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 31 16
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (14) (1)
Deferred charges and other assets [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 20 0
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (16) 0
Deferred charges and other assets [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 1 0
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (1) 0
Deferred charges and other assets [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 1 0
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (1) 0
Deferred charges and other assets [Member] | Commodity Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 108 46
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (95) (36)
Deferred charges and other assets [Member] | Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 5 4
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset (4) (3)
Accrued and Other Current Liabilities [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 70 46
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (68) (20)
Accrued and Other Current Liabilities [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 4 1
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (4) 0
Accrued and Other Current Liabilities [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 155 75
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (56) (15)
Accrued and Other Current Liabilities [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 183 27
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (83) (16)
Accrued and Other Current Liabilities [Member] | Commodity Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 139 16
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (113) (14)
Accrued and Other Current Liabilities [Member] | Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 33 8
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (18) (1)
Other Noncurrent Obligations [Member] | Interest Rate Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 16 0
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (16) 0
Other Noncurrent Obligations [Member] | Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 1 0
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (1) 0
Other Noncurrent Obligations [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 1 40
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (1) 0
Other Noncurrent Obligations [Member] | Commodity Contract [Member] | Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 103 37
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset (96) (36)
Other Noncurrent Obligations [Member] | Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]    
Derivatives, Fair Value [Line Items]    
Derivative Liability, Fair Value, Gross Liability 5 4
Derivative Liability, Subject to Master Netting Arrangement, Gross Asset and Collateral, Right to Reclaim Cash, Offset $ (4) $ (3)
v3.25.2
Effect of Derivative Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax $ 2 $ (6) $ (18) $ (28)
Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Hedging Activity 24 (18) 55 (25)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (37) 5 (41) (28)
Not Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net (131) 28 (203) 89
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 0 0
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 0 0
Interest Rate Contract [Member] | Not Designated as Hedging Instrument [Member] | Interest Expense and Amortization of Debt Discount        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net 2 1 2 1
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (1) 0 0 1
Interest Rate Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Expense and Amortization of Debt Discount        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Hedging Activity 0 (7) (1) (9)
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 0 0
Interest Rate Contract [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Expense and Amortization of Debt Discount        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Hedging Activity 13 (23) 33 (23)
Excluded Components [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cumulative Translation Adjustments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 0 (6)
Excluded Components [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cost of Sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net (2) (3) (3) (4)
Excluded Components [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net 3 0 3 0
Excluded Components [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member] | Cumulative Translation Adjustments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 7 0 7 0
Excluded Components [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Cumulative Translation Adjustments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 4 4 31 10
Excluded Components [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivatives used in Net Investment Hedge, Gain (Loss), Reclassified to Earnings, Net of Tax 12 4 19 7
Excluded Components [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Cumulative Translation Adjustments [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 4 (4) (1) (42)
Excluded Components [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member] | Interest Expense and Amortization of Debt Discount        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) from Components Excluded from Assessment of Fair Value Hedge Effectiveness, Net 0 0 0 0
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 0 0
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net (156) 29 (212) 60
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 36 (8) 30 (21)
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cost of Sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Hedging Activity 3 4 5 5
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Nonoperating Income (Expense) [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Hedging Activity 0 0 0 0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (15) 0 (15) 0
Foreign Exchange Contract [Member] | Net Investment Hedging [Member] | Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Hedging Activity 0 0 0 0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (55) 6 (82) 8
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 0 0
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Cost of Sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net (12) (6) (17) 2
Commodity Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (17) 7 (11) 22
Commodity Contract [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Cost of Sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Gain (Loss) on Hedging Activity (5) 7 (1) (1)
Derivative        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax (37) 5 (41) (28)
Derivative, Gain (Loss) on Derivative, Net (107) 10 (148) 64
Total Return Swap | Not Designated as Hedging Instrument [Member]        
Derivative Instruments, Gain (Loss) [Line Items]        
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax 0 0 0 0
Total Return Swap | Not Designated as Hedging Instrument [Member] | Cost of Sales        
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net $ 35 $ 4 $ 24 $ 26
v3.25.2
Expected Reclassification (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Interest Rate Contract [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net $ (3)
Commodity Contract [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Price Risk Cash Flow Hedge Unrealized Gain (Loss) to be Reclassified During Next 12 Months (3)
Foreign Exchange Contract [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months (21)
Excluded Components [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Hedge Gain (Loss) to be Reclassified During Next 12 Months, Excluded Components, Net 2
Excluded Components [Member] | Net Investment Hedging [Member]  
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Hedge Gain (Loss) to be Reclassified During Next 12 Months, Excluded Components, Net $ 23
v3.25.2
FAIR VALUE MEASUREMENTS (Summary of Recurring Measured Fair Values) (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale $ 2,021  
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 556 $ 218
Debt Securities, Available-for-sale, Amortized Cost 2,222  
Equity Securities, FV-NI, Current 12 14
Long Term Debt, Accumulated Fair Value Adjustment 43 9
Derivative, Amount of Hedged Item 5,538 5,129
Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity Securities, Amortized Cost Basis 4 4
Equity Securities, Accumulated Gross Unrealized Gain, Before Tax 8 10
Equity Securities, Accumulated Gross Unrealized Loss, Before Tax 0 0
Fair Value, Inputs, Level 1 [Member] | Commodity Contract [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liabilities, Accumulated Gross Unrealized Gain, Before Tax 0 0
Derivative Liabilities, Accumulated Gross Unrealized Loss, Before Tax (17) (1)
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax 15 4
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax 0 0
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 17 18
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 0 0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (1) (1)
Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Long-term Debt (16,648) (16,208)
Long Term Debt, Accumulated Gross Unrealized Gain, Before Tax 1,543 1,487
Long Term Debt, Accumulated Gross Unrealized Loss, Before Tax (435) (484)
Available-for-sale Debt Securities, Amortized Cost Basis, Current 393 453
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, Current, before Tax 0 0
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, Current, before Tax (87) (70)
Fair Value, Inputs, Level 2 [Member] | Held-to-maturity Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, at Carrying Value 234 96
Cash Equivalents, Accumulated Gross Unrealized Gain, Before Tax 0 0
Cash Equivalents, Accumulated Gross Unrealized Loss, Before Tax 0 0
Fair Value, Inputs, Level 2 [Member] | Money Market Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, at Carrying Value 841 1,164
Cash Equivalents, Accumulated Gross Unrealized Gain, Before Tax 0 0
Cash Equivalents, Accumulated Gross Unrealized Loss, Before Tax 0 0
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liabilities, Accumulated Gross Unrealized Gain, Before Tax 0 0
Derivative Liabilities, Accumulated Gross Unrealized Loss, Before Tax (91) (47)
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax 125 20
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax 0 0
Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liabilities, Accumulated Gross Unrealized Gain, Before Tax 0 0
Derivative Liabilities, Accumulated Gross Unrealized Loss, Before Tax (339) (142)
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax 151 107
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax 0 0
Fair Value, Inputs, Level 2 [Member] | Commodity Contract [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Liabilities, Accumulated Gross Unrealized Gain, Before Tax 0 0
Derivative Liabilities, Accumulated Gross Unrealized Loss, Before Tax (263) (64)
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax 265 87
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax 0 0
Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 1,132 1,103
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 14 13
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (106) (123)
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 873 954
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 9 6
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (69) (88)
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Amortized Cost 200 200
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax 0 0
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax (48) (49)
Fair Value, Recurring [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets at fair value 3,970 3,908
Total liabilities at fair value (16,394) (15,614)
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity Securities, FV-NI, Current 12 14
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Commodity Contract [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 15 4
Derivative Liability, Gross Liability Including Not Subject to Master Netting Arrangement (17) (1)
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale 16 17
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale, Current 306 383
Long-term debt including debt due within one year 6 15,540 15,205
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Held-to-maturity Securities    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, Fair Value 234 96
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Held-to-maturity Securities | Cash and cash equivalents    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, Fair Value 216 96
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Held-to-maturity Securities | Other Current Assets [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, Fair Value 18 0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Money Market Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, Fair Value 841 1,164
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 125 20
Derivative Liability, Gross Liability Including Not Subject to Master Netting Arrangement (91) (47)
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 151 107
Derivative Liability, Gross Liability Including Not Subject to Master Netting Arrangement (339) (142)
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commodity Contract [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative Asset, Gross Asset Including Not Subject to Master Netting Arrangement 265 87
Derivative Liability, Gross Liability Including Not Subject to Master Netting Arrangement (263) (64)
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale 1,040 993
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale 813 872
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Private Market Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets at fair value 83 90
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Real Estate [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total assets at fair value 14 15
Fair Value, Recurring [Member] | Fair Value Measured at Net Asset Value Per Share [Member] | Private Market Securities and Real Estate [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments 79 81
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Sadara Chemical Company [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Guarantees, Fair Value Disclosure (144) (155)
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Securities, Available-for-sale $ 152 $ 151
v3.25.2
FAIR VALUE MEASUREMENTS (Summary of Nonrecurring Measured Fair Values) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net $ 591   $ 0 $ 799 $ 45
2025 Program          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 591 $ 207      
2025 Program | Industrial Intermediates & Infrastructure [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 89        
2025 Program | Packaging & Specialty Plastics [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 158        
2025 Program | Performance Materials & Coatings [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 147        
Asset write-downs and write-offs [Member] | 2023 Restructuring Program | Industrial Intermediates & Infrastructure [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net   5   5  
Asset write-downs and write-offs [Member] | 2025 Program          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 334 $ 0      
Asset write-downs and write-offs [Member] | 2025 Program | Industrial Intermediates & Infrastructure [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 63        
Asset write-downs and write-offs [Member] | 2025 Program | Packaging & Specialty Plastics [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 81        
Asset write-downs and write-offs [Member] | 2025 Program | Performance Materials & Coatings [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 147        
Asset write-downs and write-offs [Member] | 2025 Program | Corporate Segment [Member]          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Restructuring and asset related charges - net 43        
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Leased, Non-manufacturing Facilities          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Assets, Fair Value Disclosure $ 110     $ 110  
v3.25.2
Schedule of Consolidated VIEs, Carrying Amounts of Assets and Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Variable Interest Entity [Line Items]      
Cash and cash equivalents and end of period $ 2,399 $ 2,189 $ 3,341
Other current assets 958 993  
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476 22,004  
Deferred charges and other assets 1,345 1,228  
Total Assets 58,991 57,312  
Accrued Liabilities, Current 2,656 2,521  
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 16,247 15,711  
Other noncurrent obligations 6,876 6,637  
Variable Interest Entity, Primary Beneficiary [Member]      
Variable Interest Entity [Line Items]      
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 2,380 122  
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 176 0  
Variable Interest Entity, Diamond Solutions      
Variable Interest Entity [Line Items]      
Other current assets 163    
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 2,259    
Deferred charges and other assets 196    
Total Assets 2,618    
Accrued Liabilities, Current 338    
Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) 176    
Other noncurrent obligations 316    
Total Liabilities 830    
Variable Interest Entity, Other Primary Beneficiary      
Variable Interest Entity [Line Items]      
Cash and cash equivalents and end of period 9 22  
Other current assets 275 250  
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 121 122  
Deferred charges and other assets 16 15  
Total Assets 421 409  
Accrued Liabilities, Current 27 24  
Other noncurrent obligations 13 13  
Total Liabilities 40 37  
Total Restricted Assets $ 183 $ 192  
v3.25.2
SEGMENTS AND GEOGRAPHIC REGIONS Geographic Region Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales $ 10,104 $ 10,915 $ 20,535 $ 21,680  
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 22,476   22,476   $ 22,004
UNITED STATES          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 3,725 3,909 7,671 7,738  
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 15,050   15,050   15,216
Europe, Middle East, Africa and India [Domain]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 3,272 3,572 6,546 7,056  
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) 2,785   2,785   2,726
Rest of World [Domain]          
Revenues from External Customers and Long-Lived Assets [Line Items]          
Net sales 3,107 $ 3,434 6,318 $ 6,886  
Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) $ 4,641   $ 4,641   $ 4,062
v3.25.2
SEGMENTS AND GEOGRAPHIC REGIONS Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Net sales $ 10,104 $ 10,915 $ 20,535 $ 21,680
Equity in earnings (losses) of nonconsolidated affiliates (30) 26 (50) 43
Operating EBIT (21) 819 209 1,493
UNITED STATES        
Segment Reporting Information [Line Items]        
Net sales 3,725 3,909 7,671 7,738
Europe, Middle East, Africa and India [Domain]        
Segment Reporting Information [Line Items]        
Net sales 3,272 3,572 6,546 7,056
Rest of World [Domain]        
Segment Reporting Information [Line Items]        
Net sales 3,107 3,434 6,318 6,886
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting Information [Line Items]        
Net sales 164 206 359 381
Operating EBIT (59) (37) (92) (96)
Operating Segment Total        
Segment Reporting Information [Line Items]        
Net sales 9,940 10,709 20,176 21,299
Operating Cost of Goods and Services Sold 9,374 9,334 18,806 18,601
SARD 484 537 1,002 1,125
Equity in earnings (losses) of nonconsolidated affiliates (31) 26 (50) 42
Segment Reporting, Other Segment Item, Amount (13) (8) (17) (26)
Operating EBIT 38 856 301 1,589
Packaging & Specialty Plastics [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 5,025 5,515 10,335 10,945
Operating Cost of Goods and Services Sold 4,728 4,616 9,493 9,213
SARD 221 253 461 508
Equity in earnings (losses) of nonconsolidated affiliates 7 55 46 80
Segment Reporting, Other Segment Item, Amount (12) 2 (14) 4
Operating EBIT 71 703 413 1,308
Industrial Intermediates & Infrastructure [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 2,786 2,951 5,641 5,959
Operating Cost of Goods and Services Sold 2,832 2,803 5,654 5,579
SARD 116 127 243 263
Equity in earnings (losses) of nonconsolidated affiliates (39) (31) (97) (46)
Segment Reporting, Other Segment Item, Amount 16 17 40 23
Operating EBIT (185) 7 (313) 94
Performance Materials & Coatings [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 2,129 2,243 4,200 4,395
Operating Cost of Goods and Services Sold 1,814 1,915 3,659 3,809
SARD 147 157 298 354
Equity in earnings (losses) of nonconsolidated affiliates 1 2 1 8
Segment Reporting, Other Segment Item, Amount (17) (27) (43) (53)
Operating EBIT $ 152 $ 146 $ 201 $ 187
v3.25.2
SEGMENTS AND GEOGRAPHIC REGIONS EBIT Reconciliation (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Operating EBIT $ (21) $ 819 $ 209 $ 1,493
Interest Income, Other 39 42 67 107
Interest Expense, Debt 209 197 425 396
Other Nonrecurring (Income) Expense (468) (56) (884) (147)
Income before income taxes (659) 608 (1,033) 1,057
Net sales 10,104 10,915 20,535 21,680
Equity in earnings (losses) of nonconsolidated affiliates (30) 26 (50) 43
Operating Segment Total        
Segment Reporting Information [Line Items]        
Operating EBIT 38 856 301 1,589
Other Nonrecurring (Income) Expense (291)   (292)  
Net sales 9,940 10,709 20,176 21,299
Operating Cost of Goods and Services Sold 9,374 9,334 18,806 18,601
SARD 484 537 1,002 1,125
Equity in earnings (losses) of nonconsolidated affiliates (31) 26 (50) 42
Segment Reporting, Other Segment Item, Amount (13) (8) (17) (26)
Packaging & Specialty Plastics [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Operating EBIT 71 703 413 1,308
Other Nonrecurring (Income) Expense (158)   (158)  
Net sales 5,025 5,515 10,335 10,945
Operating Cost of Goods and Services Sold 4,728 4,616 9,493 9,213
SARD 221 253 461 508
Equity in earnings (losses) of nonconsolidated affiliates 7 55 46 80
Segment Reporting, Other Segment Item, Amount (12) 2 (14) 4
Industrial Intermediates & Infrastructure [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Operating EBIT (185) 7 (313) 94
Other Nonrecurring (Income) Expense 14   13  
Net sales 2,786 2,951 5,641 5,959
Operating Cost of Goods and Services Sold 2,832 2,803 5,654 5,579
SARD 116 127 243 263
Equity in earnings (losses) of nonconsolidated affiliates (39) (31) (97) (46)
Segment Reporting, Other Segment Item, Amount 16 17 40 23
Performance Materials & Coatings [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Operating EBIT 152 146 201 187
Other Nonrecurring (Income) Expense (147)   (147)  
Net sales 2,129 2,243 4,200 4,395
Operating Cost of Goods and Services Sold 1,814 1,915 3,659 3,809
SARD 147 157 298 354
Equity in earnings (losses) of nonconsolidated affiliates 1 2 1 8
Segment Reporting, Other Segment Item, Amount $ (17) $ (27) $ (43) $ (53)
v3.25.2
SEGMENT AND GEOGRAPHIC REGIONS Other Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Net sales $ 10,104 $ 10,915 $ 20,535 $ 21,680
Depreciation and amortization 724 682 1,438 1,402
Payments to Acquire Productive Assets 662 723 1,347 1,437
Operating EBIT (21) 819 209 1,493
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting Information [Line Items]        
Net sales 164 206 359 381
Depreciation and amortization 10 7 18 16
Payments to Acquire Productive Assets 0 0 0 0
Operating EBIT (59) (37) (92) (96)
Operating Segment Total        
Segment Reporting Information [Line Items]        
Net sales 9,940 10,709 20,176 21,299
Depreciation and amortization 714 675 1,420 1,386
Payments to Acquire Productive Assets 662 723 1,347 1,437
Operating EBIT 38 856 301 1,589
Packaging & Specialty Plastics [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 5,025 5,515 10,335 10,945
Depreciation and amortization 369 343 729 714
Payments to Acquire Productive Assets 510 475 1,025 944
Operating EBIT 71 703 413 1,308
Industrial Intermediates & Infrastructure [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 2,786 2,951 5,641 5,959
Depreciation and amortization 153 141 299 288
Payments to Acquire Productive Assets 102 170 231 332
Operating EBIT (185) 7 (313) 94
Performance Materials & Coatings [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 2,129 2,243 4,200 4,395
Depreciation and amortization 192 191 392 384
Payments to Acquire Productive Assets 50 78 91 161
Operating EBIT $ 152 $ 146 $ 201 $ 187
v3.25.2
SEGMENTS AND GEOGRAPHIC REGIONS Segment Asset Information (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Segment Reporting Information [Line Items]    
Total Assets $ 58,991 $ 57,312
Investment in nonconsolidated affiliates 1,262 1,266
Segment Reporting, Reconciling Item, Corporate Nonsegment    
Segment Reporting Information [Line Items]    
Total Assets 5,363 5,180
Investment in nonconsolidated affiliates 45 42
Operating Segment Total    
Segment Reporting Information [Line Items]    
Total Assets 53,628 52,132
Investment in nonconsolidated affiliates 1,217 1,224
Packaging & Specialty Plastics [Member] | Operating Segments    
Segment Reporting Information [Line Items]    
Total Assets 29,791 29,034
Investment in nonconsolidated affiliates 686 711
Industrial Intermediates & Infrastructure [Member] | Operating Segments    
Segment Reporting Information [Line Items]    
Total Assets 12,252 11,928
Investment in nonconsolidated affiliates 386 367
Performance Materials & Coatings [Member] | Operating Segments    
Segment Reporting Information [Line Items]    
Total Assets 11,585 11,170
Investment in nonconsolidated affiliates $ 145 $ 146
v3.25.2
SEGMENTS AND GEOGRAPHIC REGIONS Significant Items (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $ 103   $ 103  
Gain (Loss) Related to Litigation Settlement 42   42  
Gain (Loss) on Extinguishment of Debt     (60)  
Charges related to separation, distribution and tax matters agreements (17)   (115)  
Other Nonrecurring (Income) Expense (468) $ (56) (884) $ (147)
Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting Information [Line Items]        
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 0   0  
Gain (Loss) Related to Litigation Settlement 42   42  
Gain (Loss) on Extinguishment of Debt     (60)  
Charges related to separation, distribution and tax matters agreements (17)   (115)  
Other Nonrecurring (Income) Expense (177)   (592)  
2023 Restructuring Program        
Segment Reporting Information [Line Items]        
Restructuring Charges   (56) (51) (147)
2023 Restructuring Program | Segment Reporting, Reconciling Item, Corporate Nonsegment        
Segment Reporting Information [Line Items]        
Restructuring Charges   (56) (50) (102)
2025 Program        
Segment Reporting Information [Line Items]        
Restructuring Charges     (798)  
2025 Program | Restructuring Implementation Costs        
Segment Reporting Information [Line Items]        
Restructuring Charges (5)   (5)  
2025 Program | Severance and related benefit costs and asset write-downs and write-offs        
Segment Reporting Information [Line Items]        
Restructuring Charges (591)   (798)  
2025 Program | Segment Reporting, Reconciling Item, Corporate Nonsegment | Restructuring Implementation Costs        
Segment Reporting Information [Line Items]        
Restructuring Charges (5)   (5)  
2025 Program | Segment Reporting, Reconciling Item, Corporate Nonsegment | Severance and related benefit costs and asset write-downs and write-offs        
Segment Reporting Information [Line Items]        
Restructuring Charges (197)   (404)  
Operating Segment Total        
Segment Reporting Information [Line Items]        
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal (103)   (103)  
Gain (Loss) Related to Litigation Settlement 0   0  
Gain (Loss) on Extinguishment of Debt     0  
Charges related to separation, distribution and tax matters agreements 0   0  
Other Nonrecurring (Income) Expense (291)   (292)  
Operating Segment Total | 2023 Restructuring Program        
Segment Reporting Information [Line Items]        
Restructuring Charges   0 (1) (45)
Operating Segment Total | 2025 Program | Restructuring Implementation Costs        
Segment Reporting Information [Line Items]        
Restructuring Charges 0   0  
Operating Segment Total | 2025 Program | Severance and related benefit costs and asset write-downs and write-offs        
Segment Reporting Information [Line Items]        
Restructuring Charges (394)   (394)  
Packaging & Specialty Plastics [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 0   0  
Gain (Loss) Related to Litigation Settlement 0   0  
Gain (Loss) on Extinguishment of Debt     0  
Charges related to separation, distribution and tax matters agreements 0   0  
Other Nonrecurring (Income) Expense (158)   (158)  
Packaging & Specialty Plastics [Member] | 2023 Restructuring Program | Operating Segments        
Segment Reporting Information [Line Items]        
Restructuring Charges   0 0 (37)
Packaging & Specialty Plastics [Member] | 2025 Program | Operating Segments | Restructuring Implementation Costs        
Segment Reporting Information [Line Items]        
Restructuring Charges 0   0  
Packaging & Specialty Plastics [Member] | 2025 Program | Operating Segments | Severance and related benefit costs and asset write-downs and write-offs        
Segment Reporting Information [Line Items]        
Restructuring Charges (158)   (158)  
Industrial Intermediates & Infrastructure [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal (103)   (103)  
Gain (Loss) Related to Litigation Settlement 0   0  
Gain (Loss) on Extinguishment of Debt     0  
Charges related to separation, distribution and tax matters agreements 0   0  
Other Nonrecurring (Income) Expense 14   13  
Industrial Intermediates & Infrastructure [Member] | 2023 Restructuring Program | Operating Segments        
Segment Reporting Information [Line Items]        
Restructuring Charges   0 (1) (8)
Industrial Intermediates & Infrastructure [Member] | 2025 Program | Operating Segments | Restructuring Implementation Costs        
Segment Reporting Information [Line Items]        
Restructuring Charges 0   0  
Industrial Intermediates & Infrastructure [Member] | 2025 Program | Operating Segments | Severance and related benefit costs and asset write-downs and write-offs        
Segment Reporting Information [Line Items]        
Restructuring Charges (89)   (89)  
Performance Materials & Coatings [Member] | Operating Segments        
Segment Reporting Information [Line Items]        
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 0   0  
Gain (Loss) Related to Litigation Settlement 0   0  
Gain (Loss) on Extinguishment of Debt     0  
Charges related to separation, distribution and tax matters agreements 0   0  
Other Nonrecurring (Income) Expense (147)   (147)  
Performance Materials & Coatings [Member] | 2023 Restructuring Program | Operating Segments        
Segment Reporting Information [Line Items]        
Restructuring Charges   $ 0 0 $ 0
Performance Materials & Coatings [Member] | 2025 Program | Operating Segments | Restructuring Implementation Costs        
Segment Reporting Information [Line Items]        
Restructuring Charges 0   0  
Performance Materials & Coatings [Member] | 2025 Program | Operating Segments | Severance and related benefit costs and asset write-downs and write-offs        
Segment Reporting Information [Line Items]        
Restructuring Charges $ (147)   $ (147)