XML 60 R47.htm IDEA: XBRL DOCUMENT
v3.25.1

Financial Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Investing Results | The following table provides investing results from available-for-sale securities for the three months ended March 31, 2025 and 2024:
Investing Results | Three Months Ended
In millions | Mar 31, 2025 | Mar 31, 2024
Proceeds from sales of available-for-sale securities | $ | 154 |  | $ | 721 |
Gross realized gains | $ | 2 |  | $ | 9 |
Gross realized losses | $ | (1) |  | $ | (5) |
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 Mar 31, 2025 | Cost | Fair Value
In millions
Within one year | $ | 110 |  | $ | 100 |
One to five years | 1,188 |  | 1,094 |
Six to ten years | 426 |  | 412 |
After ten years | 524 |  | 425 |
Total | $ | 2,248 |  | $ | 2,031 |
Equity Securities with and without Readily Determinable Fair Value |
Investments in Equity Securities | Mar 31, 2025 | Dec 31, 2024
In millions
Readily determinable fair value | $ | 11 |  | $ | 14 |
Not readily determinable fair value | $ | 149 |  | $ | 153 |
Schedule of Notional Amounts of Outstanding Derivative Positions | The notional amounts of the Company's derivative instruments at March 31, 2025 and December 31, 2024 were as follows:
Notional Amounts 1 | Mar 31, 2025 | Dec 31, 2024
In millions
Derivatives designated as hedging instruments: |  |
Interest rate contracts | $ | 757 |  | $ | 1,870 |
Foreign currency contracts | $ | 4,080 |  | $ | 3,144 |
Derivatives not designated as hedging instruments: |  |
Interest rate contracts | $ | 44 |  | $ | 14 |
Foreign currency contracts | $ | 19,738 |  | $ | 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 March 31, 2025 and December 31, 2024 were as follows:
Commodity Notionals 1 | Mar 31, 2025 | Dec 31, 2024 | Notional Volume Unit
Derivatives designated as hedging instruments: |  |  |
Hydrocarbon derivatives | 5.0 |  | 3.2 |  | million barrels of oil equivalent
Derivatives not designated as hedging instruments: |  |  |
Hydrocarbon derivatives | 1.0 |  | 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 |
Maturity Dates of Derivatives Designated as Hedging Instruments | Year
Interest rate contracts | 2027
Foreign currency contracts | 2026
Commodity contracts | 2028
Schedule of Fair Values of Derivative Instruments | The following table provides the fair value and balance sheet classification of derivative instruments at March 31, 2025 and December 31, 2024:
Fair Value of Derivative Instruments | Mar 31, 2025 | Dec 31, 2024
In millions |  | Gross | 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 |  | $ | 27 |  | $ | (18) |  | $ | 9 |  | $ | 20 |  | $ | (20) |  | $ | — |
Interest rate contracts 4 |  | 25 |  | (19) |  | 6 |  | — |  | — |  | — |
Foreign currency contracts 3 |  | 34 |  | (33) |  | 1 |  | 33 |  | (15) |  | 18 |
Foreign currency contracts 4 |  | 22 |  | (21) |  | 1 |  | — |  | — |  | — |
Commodity contracts 3 |  | 55 |  | (25) |  | 30 |  | 25 |  | (14) |  | 11 |
Commodity contracts 4 |  | 44 |  | (37) |  | 7 |  | 46 |  | (36) |  | 10 |
Total |  | $ | 207 |  | $ | (153) |  | $ | 54 |  | $ | 124 |  | $ | (85) |  | $ | 39 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Interest rate contracts 4 |  | $ | 1 |  | $ | (1) |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Foreign currency contracts 3 |  | 25 |  | (24) |  | 1 |  | 74 |  | (16) |  | 58 |
Commodity contracts 3 |  | 13 |  | (1) |  | 12 |  | 16 |  | (1) |  | 15 |
Commodity contracts 4 |  | 4 |  | (3) |  | 1 |  | 4 |  | (3) |  | 1 |
Total |  | $ | 43 |  | $ | (29) |  | $ | 14 |  | $ | 94 |  | $ | (20) |  | $ | 74 |
Total asset derivatives |  | $ | 250 |  | $ | (182) |  | $ | 68 |  | $ | 218 |  | $ | (105) |  | $ | 113 |
Liability derivatives |  |  |  |  |  |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |
Interest rate contracts 5 |  | $ | 18 |  | $ | (18) |  | $ | — |  | $ | 46 |  | $ | (20) |  | $ | 26 |
Interest rate contracts 6 |  | 19 |  | (19) |  | — |  | — |  | — |  | — |
Foreign currency contracts 5 |  | 97 |  | (33) |  | 64 |  | 75 |  | (15) |  | 60 |
Foreign currency contracts 6 |  | 53 |  | (21) |  | 32 |  | 40 |  | — |  | 40 |
Commodity contracts 5 |  | 36 |  | (26) |  | 10 |  | 16 |  | (14) |  | 2 |
Commodity contracts 6 |  | 39 |  | (37) |  | 2 |  | 37 |  | (36) |  | 1 |
Total |  | $ | 262 |  | $ | (154) |  | $ | 108 |  | $ | 214 |  | $ | (85) |  | $ | 129 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |
Interest rate contracts 5 |  | $ | — |  | $ | — |  | $ | — |  | $ | 1 |  | $ | — |  | $ | 1 |
Interest rate contracts 6 |  | 1 |  | (1) |  | — |  | — |  | — |  | — |
Foreign currency contracts 5 |  | 178 |  | (24) |  | 154 |  | 27 |  | (16) |  | 11 |
Commodity contracts 5 |  | 4 |  | (1) |  | 3 |  | 8 |  | (1) |  | 7 |
Commodity contracts 6 |  | 3 |  | (3) |  | — |  | 4 |  | (3) |  | 1 |
Total |  | $ | 186 |  | $ | (29) |  | $ | 157 |  | $ | 40 |  | $ | (20) |  | $ | 20 |
Total liability derivatives |  | $ | 448 |  | $ | (183) |  | $ | 265 |  | $ | 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 months ended March 31, 2025 and 2024:
Effect of Derivative Instruments | Gain (loss) recognized in OCI 1 | Gain (loss) recognized in income 2 |  |  |
| Three Months Ended |  | Three Months Ended |
In millions | Mar 31, 2025 | Mar 31, 2024 |  |  | Mar 31, 2025 | Mar 31, 2024 |  |
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |
Fair value hedges: |  |  |  |  |  |  |  |  |
Interest rate contracts 3, 4 | $ | — |  | $ | — |  |  |  | $ | 20 |  | $ | — |  |  |  |
Excluded components 3, 5 | (5) |  | (38) |  |  |  | — |  | — |  |  |  |
Cash flow hedges: |  |  |  |  |  |  |  |  |
Interest rate contracts 3 | 1 |  | 1 |  |  |  | (1) |  | (2) |  |  |  |
Foreign currency contracts 6 | (6) |  | (13) |  |  |  | 2 |  | 1 |  |  |  |
Commodity contracts 6 | 6 |  | 15 |  |  |  | 4 |  | (8) |  |  |  |
Excluded components 5, 6 | — |  | (6) |  |  |  | (1) |  | (1) |  |  |  |
Net foreign investment hedges: |  |  |  |  |  |  |  |  |
Foreign currency contracts | (27) |  | 2 |  |  |  | — |  | — |  |  |  |
Excluded components 5, 7 | 27 |  | 6 |  |  |  | 7 |  | 3 |  |  |  |
Total derivatives designated as hedging instruments | $ | (4) |  | $ | (33) |  |  |  | $ | 31 |  | $ | (7) |  |  |  |
Derivatives not designated as hedging instruments: |  |  |  |  |  |  |  |  |
Foreign currency contracts 7 | — |  | — |  |  |  | (56) |  | 31 |  |  |  |
Commodity contracts 6 | — |  | — |  |  |  | (5) |  | 8 |  |  |  |
Total return swap 6 | — |  | — |  |  |  | (11) |  | 22 |  |  |  |
Total derivatives not designated as hedging instruments | $ | — |  | $ | — |  |  |  | $ | (72) |  | $ | 61 |  |  |  |
Total derivatives | $ | (4) |  | $ | (33) |  |  |  | $ | (41) |  | $ | 54 |  |  |  |
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 months | Mar 31, 2025
In millions
Cash flow hedges: |
Interest rate contracts | $ | (3) |
Commodity contracts | $ | 13 |
Foreign currency contracts | $ | (1) |
Excluded components | $ | (3) |
Net foreign investment hedges: |
Excluded components | $ | 25 |

X
- Definition Equity Securities with and without Readily Determinable Fair Value + References No definition available. + Details
Name: | dow_EquitySecuritiesWithAndWithoutReadilyDeterminableFairValueTableTextBlock
Namespace Prefix: | dow_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Hedging Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized Over Next Fiscal Year + References No definition available. + Details
Name: | dow_ScheduleOfHedgingAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | dow_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration