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SEGMENTS AND GEOGRAPHIC REGIONS (Tables) | 3 Months Ended
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Mar. 31, 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 Region | Three Months Ended |
In millions | Mar 31, 2025 | Mar 31, 2024 |  |
United States | $ | 3,946 |  | $ | 3,829 |  |  |
EMEAI | 3,274 |  | 3,484 |  |  |
Rest of World | 3,211 |  | 3,452 |  |  |
Total | $ | 10,431 |  | $ | 10,765 |  |  |
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 Region | Mar 31, 2025 | Dec 31, 2024
In millions
United States | $ | 15,176 |  | $ | 15,216 |
EMEAI | 2,826 |  | 2,726 |
Rest of World | 4,328 |  | 4,062 |
Total | $ | 22,330 |  | $ | 22,004 |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
Segment Operating EBIT 1 | Pack. & Spec. Plastics | Ind. Interm. & Infrast. | Perf. Materials & Coatings | Operating Segment Total
In millions
Three months ended Mar 31, 2025 |  |  |  |
Net sales | $ | 5,310 |  | $ | 2,855 |  | $ | 2,071 |  | $ | 10,236 |
Cost of sales | 4,765 |  | 2,822 |  | 1,845 |  | 9,432 |
SARD 2 | 240 |  | 127 |  | 151 |  | 518 |
Equity in earnings (losses) of nonconsolidated affiliates | 39 |  | (58) |  | — |  | (19) |
Other segment income (expense) items 3 | (2) |  | 24 |  | (26) |  | (4) |
Segment Operating EBIT 4 | $ | 342 |  | $ | (128) |  | $ | 49 |  | $ | 263 |
Three months ended Mar 31, 2024 |  |  |  |
Net sales | $ | 5,430 |  | $ | 3,008 |  | $ | 2,152 |  | $ | 10,590 |
Cost of sales | 4,597 |  | 2,776 |  | 1,894 |  | 9,267 |
SARD 2 | 255 |  | 136 |  | 197 |  | 588 |
Equity in earnings (losses) of nonconsolidated affiliates | 25 |  | (15) |  | 6 |  | 16 |
Other segment income (expense) items 3 | 2 |  | 6 |  | (26) |  | (18) |
Segment Operating EBIT 4 | $ | 605 |  | $ | 87 |  | $ | 41 |  | $ | 733 |
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 months ended March 31, 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 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 Ended |
In millions | Mar 31, 2025 | Mar 31, 2024 |  |
Segment Operating EBIT | $ | 263 |  | $ | 733 |  |  |
+ Corporate Operating EBIT | (33) |  | (59) |  |  |
+ Interest income | 28 |  | 65 |  |  |
- Interest expense and amortization of debt discount | 216 |  | 199 |  |  |
+ Significant items | (416) |  | (91) |  |  |
Income (loss) before income taxes | $ | (374) |  | $ | 449 |  |  |
Schedule of Other Segment Information [Table Text Block] |
Other Segment Information | Pack. & Spec. Plastics | Ind. Interm. & Infrast. | Perf. Materials & Coatings | Operating Segment Total | Corp. 1 | Total
In millions
Three months ended Mar 31, 2025 |  |  |  |  |  |
Net sales | $ | 5,310 |  | $ | 2,855 |  | $ | 2,071 |  | $ | 10,236 |  | $ | 195 |  | $ | 10,431 |
Depreciation and amortization | $ | 360 |  | $ | 146 |  | $ | 200 |  | $ | 706 |  | $ | 8 |  | $ | 714 |
Capital expenditures | $ | 515 |  | $ | 129 |  | $ | 41 |  | $ | 685 |  | $ | — |  | $ | 685 |
Operating EBIT | $ | 342 |  | $ | (128) |  | $ | 49 |  | $ | 263 |  | $ | (33) |  | $ | 230 |
Three months ended Mar 31, 2024 |  |  |  |  |  |
Net sales | $ | 5,430 |  | $ | 3,008 |  | $ | 2,152 |  | $ | 10,590 |  | $ | 175 |  | $ | 10,765 |
Depreciation and amortization | $ | 371 |  | $ | 147 |  | $ | 193 |  | $ | 711 |  | $ | 9 |  | $ | 720 |
Capital expenditures | $ | 469 |  | $ | 162 |  | $ | 83 |  | $ | 714 |  | $ | — |  | $ | 714 |
Operating EBIT | $ | 605 |  | $ | 87 |  | $ | 41 |  | $ | 733 |  | $ | (59) |  | $ | 674 |
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 Information | Pack. & Spec. Plastics | Ind. Interm. & Infrast. | Perf. Materials & Coatings | Operating Segment Total | Corp. | Total
In millions
March 31, 2025 |  |  |  |  |  |
Total assets | $ | 28,966 |  | $ | 11,830 |  | $ | 11,370 |  | $ | 52,166 |  | $ | 5,333 |  | $ | 57,499 |
Investments in nonconsolidated affiliates | $ | 740 |  | $ | 348 |  | $ | 142 |  | $ | 1,230 |  | $ | 45 |  | $ | 1,275 |
December 31, 2024 |  |  |  |  |  |
Total assets | $ | 29,034 |  | $ | 11,928 |  | $ | 11,170 |  | $ | 52,132 |  | $ | 5,180 |  | $ | 57,312 |
Investments in nonconsolidated affiliates | $ | 711 |  | $ | 367 |  | $ | 146 |  | $ | 1,224 |  | $ | 42 |  | $ | 1,266 |
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 | Three Months Ended Mar 31, 2025 |
Pack. & Spec. Plastics | Ind. Interm. & Infrast. | Perf. Materials & Coatings | Operating Segment Total | Corp. | Total |  |  |  |  |
In millions
Restructuring, implementation and efficiency costs, and asset related charges - net 1 | $ | — |  | $ | (1) |  | $ | — |  | $ | (1) |  | $ | (50) |  | $ | (51) |  |  |  |  |  |
2025 Restructuring Program 2 | — |  | — |  | — |  | — |  | (207) |  | (207) |  |  |  |  |  |
Loss on early extinguishment of debt 3 | — |  | — |  | — |  | — |  | (60) |  | (60) |  |  |  |  |  |
Indemnification and other transaction related costs 4 | — |  | — |  | — |  | — |  | (98) |  | (98) |  |  |  |  |  |
Total | $ | — |  | $ | (1) |  | $ | — |  | $ | (1) |  | $ | (415) |  | $ | (416) |  |  |  |  |  |
1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. Also includes impairment charges related to the write-down of certain manufacturing assets, partially offset by an asset related credit adjustment. See Note 4 for additional information. 2.Severance and related benefit costs associated with the Company's 2025 Restructuring Program. See Note 4 for additional information. 3.The Company retired outstanding long-term debt resulting in a loss on early extinguishment. See Note 9 for additional information. 4.Includes charges related to an arbitration settlement agreement for historical product claims from a divested business. See Note 10 for additional information.
Significant Items by Segment | Three Months Ended Mar 31, 2024 |
Pack. & Spec. Plastics | Ind. Interm. & Infrast. | Perf. Materials & Coatings | Operating Segment Total | Corp. | Total |  |  |  |  |
In millions
Restructuring, implementation and efficiency costs, and asset related charges - net 1 | $ | (37) |  | $ | (8) |  | $ | — |  | $ | (45) |  | $ | (46) |  | $ | (91) |  |  |  |  |  |
Total | $ | (37) |  | $ | (8) |  | $ | — |  | $ | (45) |  | $ | (46) |  | $ | (91) |  |  |  |  |  |
1.Includes restructuring charges and implementation and efficiency costs associated with the Company's 2023 Restructuring Program. Also includes impairment charges related to the write-down of certain manufacturing assets.

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