Dow (DOW) 10-Q 22 Apr 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page	3 Months Ended
	Mar. 31, 2022$ / sharesshares
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	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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	728,101,842
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	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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

Dow Consolidated Statements of

Dow Consolidated Statements of Income Statement - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net sales	$ 15,264	$ 11,882
Cost of sales	12,402	10,062
Research and development expenses	218	194
Selling, general and administrative expenses	498	366
Amortization of intangibles	88	101
Restructuring and asset related charges - net	186	0
Equity in earnings of nonconsolidated affiliates	174	224
Sundry income (expense) - net	148	128
Interest income	28	8
Interest expense and amortization of debt discount	167	196
Income before income taxes	2,055	1,323
Provision for income taxes	503	317
Net income	1,552	1,006
Net income (loss) attributable to noncontrolling interests	(17)	15
Net income available for The Dow Chemical Company common stockholder	$ 1,569	$ 991
Earnings per common share - basic	$ 2.12	$ 1.32
Earnings per common share - diluted	$ 2.11	$ 1.32
Weighted-average common shares outstanding - basic	734.6	744.8
Weighted-average common shares outstanding - diluted	739.8	749.8

Dow Consolidated Statements o_2

Dow Consolidated Statements of Comprehensive Income Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 1,552	$ 1,006
Other comprehensive income (loss), net of tax
Unrealized losses on investments	(96)	(49)
Cumulative translation adjustments	(164)	(253)
Pension and other postretirement benefit plans	109	1,134
Derivative instruments	332	110
Total other comprehensive income	181	942
Comprehensive income	1,733	1,948
Comprehensive income (loss) attributable to noncontrolling interests, net of tax	(17)	15
Comprehensive income attributable to Dow Inc.	$ 1,750	$ 1,933

Dow Consolidated Balance Sheets

Dow Consolidated Balance Sheets Statement - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents, at Carrying Value	$ 3,143	$ 2,988
Trade (net of allowance for doubtful receivables - 2022: $215; 2021: $54)	7,423	6,841
Other	2,536	2,713
Inventories	7,760	7,372
Other current assets	1,303	934
Total current assets	22,165	20,848
Investment in nonconsolidated affiliates	1,821	2,045
Other investments (investments carried at fair value - 2022: $1,962; 2021: $2,079)	3,067	3,193
Noncurrent receivables	454	478
Total investments	5,342	5,716
Property	57,707	57,604
Less: Accumulated depreciation	37,360	37,049
Net property	20,347	20,555
Goodwill	8,716	8,764
Other intangible assets (net of accumulated amortization - 2022: $4,790; 2021: $4,725)	2,761	2,881
Operating lease right-of-use assets	1,339	1,412
Deferred income tax assets	1,160	1,358
Deferred charges and other assets	1,505	1,456
Total other assets	15,481	15,871
Total Assets	63,335	62,990
Notes payable	92	161
Long-term debt due within one year	355	231
Trade	5,769	5,577
Other	2,772	2,839
Operating lease liabilities - current	306	314
Income taxes payable	527	623
Accrued Liabilities, Current	3,233	3,481
Total current liabilities	13,054	13,226
Long-Term Debt	14,108	14,280
Deferred income tax liabilities	654	506
Pension and other postretirement benefits - noncurrent	7,320	7,557
Asbestos-related liabilities - noncurrent	915	931
Operating lease liabilities - noncurrent	1,092	1,149
Other noncurrent obligations	6,767	6,602
Total other noncurrent liabilities	16,748	16,745
Common stock (authorized 5,000,000,000 shares of $0.01 par value each; issued 2022: 767,064,055 shares; 2021: 764,226,882 shares)	8	8
Additional Paid in Capital, Common Stock	8,217	8,151
Retained earnings	21,672	20,623
Accumulated other comprehensive loss	(8,796)	(8,977)
Unearned ESOP shares	0	(15)
Treasury stock at cost (2022: 38,962,213 shares; 2021: 29,011,573 shares)	(2,221)	(1,625)
Dow Inc.’s stockholders’ equity	18,880	18,165
Noncontrolling interests	545	574
Total equity	19,425	18,739
Total Liabilities and Equity	$ 63,335	$ 62,990

Dow Consolidated Balance Shee_2

Dow Consolidated Balance Sheets Parentheticals - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current	$ 215	$ 54
Investments, Fair Value Disclosure	1,962	2,079
Finite-Lived Intangible Assets, Accumulated Amortization	$ 4,790	$ 4,725
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	767,064,055	764,226,882
Treasury Stock, Shares	38,962,213	29,011,573

Dow Consolidated Statements o_3

Dow Consolidated Statements of Cash Flows Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Cash Flows [Abstract]
Net income	$ 1,552	$ 1,006
Depreciation and amortization	752	717
Provision for deferred income tax	253	144
Earnings of nonconsolidated affiliates less than (in excess of) dividends received	374	(46)
Net periodic pension benefit cost	7	23
Pension contributions	(55)	(1,061)
Net gain on sales of assets, businesses and investments	(6)	(38)
Restructuring and asset related charges - net	186	0
Other net loss	140	55
Accounts and notes receivable	(741)	(866)
Inventories	(443)	(478)
Accounts payable	86	611
Other assets and liabilities, net	(493)	(295)
Cash provided by (used for) operating activities - continuing operations	1,612	(228)
Cash used for operating activities - discontinued operations	(9)	(63)
Cash provided by (used for) operating activities	1,603	(291)
Capital expenditures	(315)	(289)
Investment in gas field developments	(37)	(9)
Payments to Acquire Equipment on Lease	(2)	(2)
Proceeds from sales of property and businesses, net of cash divested	4	9
Investments in and loans to nonconsolidated affiliates	(6)	0
Proceeds from Sale of Equity Method Investments	11	0
Purchases of investments	(148)	(150)
Proceeds from sales and maturities of investments	141	428
Payments for (Proceeds from) Other Investing Activities	(15)	0
Cash used for investing activities	(367)	(13)
Changes in short-term notes payable	(21)	(47)
Repayments of Short-term Debt, Maturing in More than Three Months	(14)	0
Proceeds from issuance of long-term debt	16	29
Payments on long-term debt	(25)	(164)
Collections on securitization programs	141	0
Purchases of treasury stock	(600)	0
Proceeds from issuance of stock	35	127
Transaction financing, debt issuance and other costs	0	(1)
Employee taxes paid for share-based payment arrangements	(35)	(10)
Distributions to noncontrolling interests	(1)	(8)
Dividends paid to stockholders	(513)	(521)
Cash used for financing activities	(1,017)	(595)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(45)	(48)
Increase (decrease) in cash, cash equivalents and restricted cash	174	(947)
Cash, cash equivalents and restricted cash at beginning of period	3,033	5,108
Cash, cash equivalents and restricted cash at end of period	3,207	4,161
Less: Restricted cash and cash equivalents, included in "Other current assets"	64	28
Cash and cash equivalents and end of period	$ 3,143	$ 4,133

Dow Consolidated Statements o_4

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]	Unearned ESOP Shares [Member]	Treasury Stock [Member]
Total equity		$ 8	$ 7,595	$ 16,361	$ (10,855)	$ (49)	$ (625)
Stock Issued During Period, Value, Common Stock			127
APIC, Share-based Payment Arrangement, Increase for Cost Recognition			21			10
APIC, Stock Issued During Period, Value, Treasury Reissued - compensation and benefit plans			0
Net Income (Loss) Available to Common Stockholders, Basic	$ 986			991
Dividends, Common Stock				(521)
Stockholders' Equity, Other				(2)
Other Comprehensive Income (Loss), Net of Tax	$ 942				942
Treasury Stock, Value, Acquired, Cost Method							0
Stock Issued During Period, Value Treasury Stock Reissued - compensation and benefit plans							0
Common Stock, Dividends, Per Share, Declared	$ 0.70
Dow Inc.’s stockholders’ equity	$ 14,003
Noncontrolling interests	560
Total equity	14,563	8	7,743	16,829	(9,913)	(39)	(625)
Dow Inc.’s stockholders’ equity	18,165
Noncontrolling interests	574
Total equity	18,739	8	8,151	20,623	(8,977)	(15)	(1,625)
Stock Issued During Period, Value, Common Stock			35
APIC, Share-based Payment Arrangement, Increase for Cost Recognition			35			15
APIC, Stock Issued During Period, Value, Treasury Reissued - compensation and benefit plans			(4)
Net Income (Loss) Available to Common Stockholders, Basic	1,561			1,569
Dividends, Common Stock				(513)
Stockholders' Equity, Other				(7)
Other Comprehensive Income (Loss), Net of Tax	$ 181				181
Treasury Stock, Value, Acquired, Cost Method							(600)
Stock Issued During Period, Value Treasury Stock Reissued - compensation and benefit plans							4
Common Stock, Dividends, Per Share, Declared	$ 0.70
Dow Inc.’s stockholders’ equity	$ 18,880
Noncontrolling interests	545
Total equity	$ 19,425	$ 8	$ 8,217	$ 21,672	$ (8,796)	$ 0	$ (2,221)

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net sales	$ 15,264	$ 11,882
Cost of sales	12,402	10,062
Research and development expenses	218	194
Selling, general and administrative expenses	498	366
Amortization of intangibles	88	101
Restructuring and asset related charges - net	186	0
Equity in earnings of nonconsolidated affiliates	174	224
Sundry income (expense) - net	148	128
Interest income	28	8
Interest expense and amortization of debt discount	167	196
Income before income taxes	2,055	1,323
Provision for income taxes	503	317
Net income	1,552	1,006
Net income (loss) attributable to noncontrolling interests	(17)	15
Net income available for The Dow Chemical Company common stockholder	1,569	991
The Dow Chemical Company
Net sales	15,264	11,882
Cost of sales	12,398	10,061
Research and development expenses	218	194
Selling, general and administrative expenses	498	366
Amortization of intangibles	88	101
Restructuring and asset related charges - net	186	0
Equity in earnings of nonconsolidated affiliates	174	224
Sundry income (expense) - net	136	119
Interest income	28	8
Interest expense and amortization of debt discount	167	196
Income before income taxes	2,047	1,315
Provision for income taxes	503	317
Net income	1,544	998
Net income (loss) attributable to noncontrolling interests	(17)	15
Net income available for The Dow Chemical Company common stockholder	$ 1,561	$ 983

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net income	$ 1,552	$ 1,006
Other comprehensive income (loss), net of tax
Unrealized losses on investments	(96)	(49)
Cumulative translation adjustments	(164)	(253)
Pension and other postretirement benefit plans	109	1,134
Derivative instruments	332	110
Other Comprehensive Income (Loss), Net of Tax	181	942
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	1,733	1,948
Comprehensive income (loss) attributable to noncontrolling interests, net of tax	(17)	15
Comprehensive income attributable to The Dow Chemical Company	1,750	1,933
The Dow Chemical Company
Net income	1,544	998
Other comprehensive income (loss), net of tax
Unrealized losses on investments	(96)	(49)
Cumulative translation adjustments	(164)	(253)
Pension and other postretirement benefit plans	109	1,134
Derivative instruments	332	110
Other Comprehensive Income (Loss), Net of Tax	181	942
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	1,725	1,940
Comprehensive income (loss) attributable to noncontrolling interests, net of tax	(17)	15
Comprehensive income attributable to The Dow Chemical Company	$ 1,742	$ 1,925

TDCC Consolidated Balance Sheet

TDCC Consolidated Balance Sheets (Statement) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents, at Carrying Value	$ 3,143	$ 2,988
Trade (net of allowance for doubtful receivables - 2022: $215; 2021: $54)	7,423	6,841
Other	2,536	2,713
Inventories	7,760	7,372
Other current assets	1,303	934
Total current assets	22,165	20,848
Investment in nonconsolidated affiliates	1,821	2,045
Other investments (investments carried at fair value - 2022: $1,962; 2021: $2,079)	3,067	3,193
Noncurrent receivables	454	478
Total investments	5,342	5,716
Property	57,707	57,604
Less: Accumulated depreciation	37,360	37,049
Net property	20,347	20,555
Goodwill	8,716	8,764
Other intangible assets (net of accumulated amortization - 2022: $4,790; 2021: $4,725)	2,761	2,881
Operating lease right-of-use assets	1,339	1,412
Deferred income tax assets	1,160	1,358
Deferred charges and other assets	1,505	1,456
Total other assets	15,481	15,871
Total Assets	63,335	62,990
Notes payable	92	161
Long-term debt due within one year	355	231
Trade	5,769	5,577
Other	2,772	2,839
Operating lease liabilities - current	306	314
Income taxes payable	527	623
Accrued Liabilities, Current	3,233	3,481
Total current liabilities	13,054	13,226
Long-Term Debt	14,108	14,280
Deferred income tax liabilities	654	506
Pension and other postretirement benefits - noncurrent	7,320	7,557
Asbestos-related liabilities - noncurrent	915	931
Operating lease liabilities - noncurrent	1,092	1,149
Other noncurrent obligations	6,767	6,602
Total other noncurrent liabilities	16,748	16,745
Common stock (authorized and issued 100 shares of $0.01 par value each)	8	8
Additional Paid in Capital, Common Stock	8,217	8,151
Retained earnings	21,672	20,623
Accumulated other comprehensive loss	(8,796)	(8,977)
Unearned ESOP shares	0	(15)
Dow Inc.’s stockholders’ equity	18,880	18,165
Noncontrolling interests	545	574
Total equity	19,425	18,739
Total Liabilities and Equity	63,335	62,990
The Dow Chemical Company
Cash and Cash Equivalents, at Carrying Value	3,143	2,988
Trade (net of allowance for doubtful receivables - 2022: $215; 2021: $54)	7,423	6,841
Other	2,544	2,712
Inventories	7,760	7,372
Other current assets	1,266	924
Total current assets	22,136	20,837
Investment in nonconsolidated affiliates	1,821	2,045
Other investments (investments carried at fair value - 2022: $1,962; 2021: $2,079)	3,067	3,193
Noncurrent receivables	444	452
Total investments	5,332	5,690
Property	57,707	57,604
Less: Accumulated depreciation	37,360	37,049
Net property	20,347	20,555
Goodwill	8,716	8,764
Other intangible assets (net of accumulated amortization - 2022: $4,790; 2021: $4,725)	2,761	2,881
Operating lease right-of-use assets	1,339	1,412
Deferred income tax assets	1,160	1,358
Deferred charges and other assets	1,504	1,455
Total other assets	15,480	15,870
Total Assets	63,295	62,952
Notes payable	92	161
Long-term debt due within one year	355	231
Trade	5,769	5,577
Other	2,773	2,841
Operating lease liabilities - current	306	314
Income taxes payable	527	623
Accrued Liabilities, Current	3,063	3,299
Total current liabilities	12,885	13,046
Long-Term Debt	14,108	14,280
Deferred income tax liabilities	654	506
Pension and other postretirement benefits - noncurrent	7,320	7,557
Asbestos-related liabilities - noncurrent	915	931
Operating lease liabilities - noncurrent	1,092	1,149
Other noncurrent obligations	6,622	6,454
Total other noncurrent liabilities	16,603	16,597
Common stock (authorized and issued 100 shares of $0.01 par value each)	0	0
Additional Paid in Capital, Common Stock	8,229	8,159
Retained earnings	19,721	19,288
Accumulated other comprehensive loss	(8,796)	(8,977)
Unearned ESOP shares	0	(15)
Dow Inc.’s stockholders’ equity	19,154	18,455
Noncontrolling interests	545	574
Total equity	19,699	19,029
Total Liabilities and Equity	$ 63,295	$ 62,952

TDCC Consolidated Statements of

TDCC Consolidated Statements of Cash Flows Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net income	$ 1,552	$ 1,006
Depreciation and amortization	752	717
Provision for deferred income tax	253	144
Earnings of nonconsolidated affiliates less than (in excess of) dividends received	374	(46)
Net periodic pension benefit cost	7	23
Pension contributions	(55)	(1,061)
Net gain on sales of assets, businesses and investments	(6)	(38)
Restructuring and asset related charges - net	186	0
Other net loss	140	55
Accounts and notes receivable	(741)	(866)
Inventories	(443)	(478)
Accounts payable	86	611
Other assets and liabilities, net	(493)	(295)
Cash provided by (used for) operating activities	1,603	(291)
Capital expenditures	(315)	(289)
Investment in gas field developments	(37)	(9)
Payments to Acquire Equipment on Lease	(2)	(2)
Proceeds from sales of property and businesses, net of cash divested	4	9
Investments in and loans to nonconsolidated affiliates	(6)	0
Proceeds from Sale of Equity Method Investments	11	0
Purchases of investments	(148)	(150)
Proceeds from sales and maturities of investments	141	428
Payments for (Proceeds from) Other Investing Activities	(15)	0
Cash used for investing activities	(367)	(13)
Changes in short-term notes payable	(21)	(47)
Repayments of Short-term Debt, Maturing in More than Three Months	(14)	0
Proceeds from issuance of long-term debt	16	29
Payments on long-term debt	(25)	(164)
Collections on securitization programs	141	0
Proceeds from issuance of stock	35	127
Transaction financing, debt issuance and other costs	0	(1)
Employee taxes paid for share-based payment arrangements	(35)	(10)
Distributions to noncontrolling interests	(1)	(8)
Dividends paid to stockholders	(513)	(521)
Cash used for financing activities	(1,017)	(595)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(45)	(48)
Increase (decrease) in cash, cash equivalents and restricted cash	174	(947)
Cash, cash equivalents and restricted cash at beginning of period	3,033	5,108
Cash, cash equivalents and restricted cash at end of period	3,207	4,161
Less: Restricted cash and cash equivalents, included in "Other current assets"	64	28
Cash and cash equivalents and end of period	3,143	4,133
The Dow Chemical Company
Net income	1,544	998
Depreciation and amortization	752	717
Provision for deferred income tax	253	144
Earnings of nonconsolidated affiliates less than (in excess of) dividends received	374	(46)
Net periodic pension benefit cost	7	23
Pension contributions	(55)	(1,061)
Net gain on sales of assets, businesses and investments	(6)	(38)
Restructuring and asset related charges - net	186	0
Other net loss	140	59
Accounts and notes receivable	(741)	(866)
Inventories	(443)	(478)
Accounts payable	86	611
Other assets and liabilities, net	(486)	(172)
Cash provided by (used for) operating activities	1,611	(109)
Capital expenditures	(315)	(289)
Investment in gas field developments	(37)	(9)
Payments to Acquire Equipment on Lease	(2)	(2)
Proceeds from sales of property and businesses, net of cash divested	4	9
Investments in and loans to nonconsolidated affiliates	(6)	0
Proceeds from Sale of Equity Method Investments	11	0
Purchases of investments	(148)	(150)
Proceeds from sales and maturities of investments	141	428
Payments for (Proceeds from) Other Investing Activities	(15)	0
Cash used for investing activities	(367)	(13)
Changes in short-term notes payable	(21)	(47)
Repayments of Short-term Debt, Maturing in More than Three Months	(14)	0
Proceeds from issuance of long-term debt	16	29
Payments on long-term debt	(25)	(164)
Collections on securitization programs	141	0
Proceeds from issuance of stock	35	127
Transaction financing, debt issuance and other costs	0	(1)
Employee taxes paid for share-based payment arrangements	(35)	(10)
Distributions to noncontrolling interests	(1)	(8)
Dividends paid to stockholders	(1,121)	(703)
Cash used for financing activities	(1,025)	(777)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(45)	(48)
Increase (decrease) in cash, cash equivalents and restricted cash	174	(947)
Cash, cash equivalents and restricted cash at beginning of period	3,033	5,108
Cash, cash equivalents and restricted cash at end of period	3,207	4,161
Less: Restricted cash and cash equivalents, included in "Other current assets"	64	28
Cash and cash equivalents and end of period	$ 3,143	$ 4,133

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Millions	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss	Unearned ESOP Shares [Member]	Dow Inc. [Member]Retained Earnings [Member]	The Dow Chemical Company	The Dow Chemical CompanyCommon Stock [Member]	The Dow Chemical CompanyAdditional Paid-in Capital [Member]	The Dow Chemical CompanyRetained Earnings [Member]	The Dow Chemical CompanyAccumulated Other Comprehensive Loss	The Dow Chemical CompanyUnearned ESOP Shares [Member]	The Dow Chemical CompanyNoncontrolling Interests
Total Equity, Beginning at Dec. 31, 2020		$ 8	$ 7,595	$ 16,361	$ (10,855)	$ (49)			$ 0	$ 7,603	$ 16,300	$ (10,855)	$ (49)
Stock Issued										127
Stock-based compensation and allocation of ESOP shares			21			10				21			10
Net income available for The Dow Chemical Company common stockholder	$ 986			991							983
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Subsidiaries and Equity Method Investees							$ (703)
Other				2							(3)
Other comprehensive income	942				942			$ 942				942
Total Equity, Ending at Mar. 31, 2021	14,563	8	7,743	16,829	(9,913)	(39)		14,936	0	7,751	16,577	(9,913)	(39)	$ 560
The Dow Chemical Company’s stockholders’ equity	14,003							14,376
The Dow Chemical Company’s stockholders’ equity	18,165							18,455
Total Equity, Beginning at Dec. 31, 2021	18,739	8	8,151	20,623	(8,977)	(15)		19,029	0	8,159	19,288	(8,977)	(15)
Stock Issued										35
Stock-based compensation and allocation of ESOP shares			35			15				35			15
Net income available for The Dow Chemical Company common stockholder	1,561			1,569							1,561
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, Subsidiaries and Equity Method Investees							$ (1,121)
Other				7							(7)
Other comprehensive income	181				181			181				181
Total Equity, Ending at Mar. 31, 2022	19,425	$ 8	$ 8,217	$ 21,672	$ (8,796)	$ 0		19,699	$ 0	$ 8,229	$ 19,721	$ (8,796)	$ 0	$ 545
The Dow Chemical Company’s stockholders’ equity	$ 18,880							$ 19,154

Dow Consolidated Statements o_5

Dow Consolidated Statements of Income - Supplemental Info - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Supplemental Income Statement Elements [Abstract]
Depreciation	$ 491	$ 515
Capital expenditures	$ 315	$ 289

TDCC Consolidated Statements _2

TDCC Consolidated Statements of Income - Supplemental Info - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Depreciation	$ 491	$ 515
Capital expenditures	315	289
The Dow Chemical Company
Depreciation	491	515
Capital expenditures	$ 315	$ 289

TDCC Consolidated Balance She_2

TDCC Consolidated Balance Sheets Parentheticals - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss, Current	$ 215	$ 54
Investments, Fair Value Disclosure	1,962	2,079
Finite-Lived Intangible Assets, Accumulated Amortization	$ 4,790	$ 4,725
Common Stock, Shares, Issued	767,064,055	764,226,882
Common Stock, Shares Authorized	5,000,000,000	5,000,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
The Dow Chemical Company
Accounts Receivable, Allowance for Credit Loss, Current	$ 215	$ 54
Finite-Lived Intangible Assets, Accumulated Amortization	$ 4,790	$ 4,725
Common Stock, Shares, Issued	100	100
Common Stock, Shares Authorized	100	100
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01

CONSOLIDATED FINANCIAL STATEMEN

CONSOLIDATED FINANCIAL STATEMENTS (Notes)	3 Months Ended
	Mar. 31, 2022
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 (“U.S. 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, 2021 ("2021 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. See Note 21 for additional information. Except as otherwise indicated by the context, the term "Union Carbide" means Union Carbide Corporation and the term "Dow Silicones" means Dow Silicones Corporation, both wholly owned subsidiaries of the Company.

SEPARATION FROM DOWDUPONT Separ

SEPARATION FROM DOWDUPONT Separation from DowDuPont (Notes)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Separation from DowDuPont [Text Block]	SEPARATION FROM DOWDUPONT For additional information on the separation from DowDuPont Inc. ("DowDuPont"), see Note 3 to the Consolidated Financial Statements included in the 2021 10-K. Agreements Related to the Separation and Distribution The impacts of indemnifications and other post-separation agreements relating to Dow's separation from DowDuPont were primarily included in the consolidated financial statements of Dow Inc. At March 31, 2022, the Company had assets of $25 million (zero at December 31, 2021) included in "Other current assets" and $2 million ($20 million at December 31, 2021) included in "Noncurrent receivables," and liabilities of $136 million ($148 million at December 31, 2021) included in "Accrued and other current liabilities" and $37 million ($39 million at December 31, 2021) included in "Other noncurrent obligations" in the consolidated balance sheets of Dow Inc. related to these agreements. In addition, the Company deferred a portion of the cash distribution received from DowDuPont at separation and recorded an associated liability with an offset to "Retained earnings" in the consolidated balance sheets of Dow Inc. At March 31, 2022, $15 million ($15 million at December 31, 2021) of this liability was recorded in "Accrued and other current liabilities" and $96 million ($96 million at December 31, 2021) was recorded in "Other noncurrent obligations" in the consolidated balance sheets of Dow Inc.

REVENUE (Notes)

REVENUE (Notes)	3 Months Ended
	Mar. 31, 2022
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 99 percent for the three months ended March 31, 2022 (98 percent for the three months ended March 31, 2021). 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 March 31, 2022, the Company had unfulfilled performance obligations of $869 million ($829 million at December 31, 2021) related to the licensing of technology. The Company expects revenue to be recognized for the remaining performance obligations over the next five years. The remaining performance obligations are 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, or 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 Business Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Hydrocarbons & Energy $ 2,416 $ 1,751 Packaging and Specialty Plastics 5,211 4,331 Packaging & Specialty Plastics $ 7,627 $ 6,082 Industrial Solutions $ 1,515 $ 1,049 Polyurethanes & Construction Chemicals 3,005 2,556 Other 4 2 Industrial Intermediates & Infrastructure $ 4,524 $ 3,607 Coatings & Performance Monomers $ 1,075 $ 855 Consumer Solutions 1,974 1,268 Performance Materials & Coatings $ 3,049 $ 2,123 Corporate $ 64 $ 70 Total $ 15,264 $ 11,882 Net Trade Sales by Geographic Region Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 U.S. & Canada $ 5,537 $ 4,028 EMEAI 1 5,512 4,329 Asia Pacific 2,753 2,365 Latin America 1,462 1,160 Total $ 15,264 $ 11,882 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 three months of 2022 from amounts included in contract liabilities at the beginning of the period was approximately $65 million (approximately $40 million in the first three months of 2021). In the first three months of 2022 and 2021, 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 the contract assets and liabilities at March 31, 2022 and December 31, 2021: Contract Assets and Liabilities Balance Sheet Classification Mar 31, 2022 Dec 31, 2021 In millions Accounts and notes receivable - trade Accounts and notes receivable - trade $ 7,423 $ 6,841 Contract assets - current Other current assets $ 36 $ 34 Contract assets - noncurrent Deferred charges and other assets $ 24 $ 26 Contract liabilities - current Accrued and other current liabilities $ 181 $ 209 Contract liabilities - noncurrent Other noncurrent obligations $ 1,922 $ 1,925

RESTRUCTURING AND ASSET RELATED

RESTRUCTURING AND ASSET RELATED CHARGES - NET (Notes)	3 Months Ended
	Mar. 31, 2022
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 includes asset impairments, are recorded in "Restructuring and asset related charges - net" in the consolidated statements of income. For additional information on the Company's restructuring programs, see Note 6 to the Consolidated Financial Statements included in the 2021 10-K. 2020 Restructuring Program Actions related to the restructuring program approved by the Board of Dow Inc. on September 29, 2020 ("2020 Restructuring Program") were substantially complete at the end of 2021, with the exception of certain cash payments that will continue through 2022. The following table summarizes the activities related to the 2020 Restructuring Program since January 1, 2021: 2020 Restructuring Program Severance and Related Benefit Costs Asset Write-downs and Write-offs Costs Associated with Exit and Disposal Activities Total In millions Reserve balance at Jan 1, 2021 $ 289 $ — $ 75 $ 364 Cash payments (37) — (12) (49) Reserve balance at Mar 31, 2021 $ 252 $ — $ 63 $ 315 Packaging & Specialty Plastics $ — $ — $ 8 $ 8 Industrial Intermediates & Infrastructure — 1 — 1 Performance Materials & Coatings — 8 2 10 Corporate — 3 — 3 Total restructuring charges $ — $ 12 $ 10 $ 22 Charges against the reserve — (12) — (12) Cash payments (53) — (3) (56) Reserve balance at Jun 30, 2021 $ 199 $ — $ 70 $ 269 Cash payments (55) — (2) (57) Reserve balance at Sep 30, 2021 $ 144 $ — $ 68 $ 212 Restructuring charges - Corporate $ (10) $ — $ — $ (10) Cash payments (30) — (4) (34) Reserve balance at Dec 31, 2021 $ 104 $ — $ 64 $ 168 Cash payments (59) — (1) (60) Reserve balance at Mar 31, 2022 $ 45 $ — $ 63 $ 108 At March 31, 2022, $53 million of the reserve balance was included in "Accrued and other current liabilities" ($112 million at December 31, 2021) and $55 million was included in "Other noncurrent obligations" ($56 million at December 31, 2021) in the consolidated balance sheets. The Company recorded pretax restructuring charges of $585 million inception-to-date under the 2020 Restructuring Program, consisting of severance and related benefit costs of $287 million, asset write-downs and write-offs of $208 million and costs associated with exit and disposal activities of $90 million. The Company expects to incur additional costs in the future related to its restructuring activities. Future costs are expected to include demolition costs related to closed facilities and restructuring implementation costs; these costs will be recognized as incurred. The Company also expects to incur additional employee-related costs, including involuntary termination benefits, related to its other optimization activities. These costs cannot be reasonably estimated at this time. 2022 Asset Related Charges In the first quarter of 2022, the Company recorded pretax asset related charges of $186 million due to the Russia and Ukraine conflict and the expectation that certain assets will not be recoverable. These charges included the write-down of inventory, the recording of bad debt reserves, and the impairment of other assets. Asset related charges by segment were as follows: $31 million in Packaging & Specialty Plastics, $109 million in Industrial Intermediates & Infrastructure, $16 million in Performance Materials & Coatings and $30 million in Corporate.

SUPPLEMENTARY INFORMATION (Note

SUPPLEMENTARY INFORMATION (Notes)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplementary Information Disclosure [Text Block]	SUPPLEMENTARY INFORMATION Dow Inc. Sundry Income (Expense) – Net Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Non-operating pension and other postretirement benefit plan net credits 1 $ 89 $ 75 Foreign exchange gains (losses) 2 (8) Gains on sales of other assets and investments 31 48 Indemnification and other transaction related costs 2 12 — Other - net 14 13 Total sundry income (expense) – net $ 148 $ 128 1. See Note 16 for additional information. 2. See Note 2 for additional information. TDCC Sundry Income (Expense) – Net Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Non-operating pension and other postretirement benefit plan net credits 1 $ 89 $ 75 Foreign exchange gains (losses) 2 (12) Gains on sales of other assets and investments 31 48 Other - net 14 8 Total sundry income (expense) – net $ 136 $ 119 1. See Note 16 for additional information.

EARNINGS PER SHARE (Notes)

EARNINGS PER SHARE (Notes)	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and 2021. Earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries. Net Income for Earnings Per Share Calculations Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Net income $ 1,552 $ 1,006 Net income (loss) attributable to noncontrolling interests (17) 15 Net income attributable to participating securities 1 8 5 Net income attributable to common stockholders $ 1,561 $ 986 Earnings Per Share - Basic and Diluted Three Months Ended Dollars per share Mar 31, 2022 Mar 31, 2021 Earnings per common share - basic $ 2.12 $ 1.32 Earnings per common share - diluted $ 2.11 $ 1.32 Share Count Information Three Months Ended Shares in millions Mar 31, 2022 Mar 31, 2021 Weighted-average common shares outstanding - basic 734.6 744.8 Plus dilutive effect of equity compensation plans 5.2 5.0 Weighted-average common shares outstanding - diluted 739.8 749.8 Stock options and restricted stock units excluded from EPS calculations 2 6.8 5.9 1. Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares. 2. These outstanding options to purchase shares of common stock and restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.

INVENTORIES (Notes)

INVENTORIES (Notes)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES The following table provides a breakdown of inventories: Inventories Mar 31, 2022 Dec 31, 2021 In millions Finished goods $ 4,755 $ 4,554 Work in process 1,857 1,615 Raw materials 929 822 Supplies 858 866 Total $ 8,399 $ 7,857 Adjustment of inventories to a LIFO basis (639) (485) Total inventories $ 7,760 $ 7,372

NONCONSOLIDATED AFFILIATES (Not

NONCONSOLIDATED AFFILIATES (Notes)	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
NONCONSOLIDATED AFFILIATES	NONCONSOLIDATED AFFILIATES For additional information on the Company’s nonconsolidated affiliates, see Note 12 to the Consolidated Financial Statements included in the 2021 10-K. The Company's investments in companies accounted for using the equity method ("nonconsolidated affiliates"), by classification in the consolidated balance sheets, and dividends received from nonconsolidated affiliates are shown in the following tables: Investments in Nonconsolidated Affiliates Mar 31, 2022 Dec 31, 2021 In millions Investment in nonconsolidated affiliates $ 1,821 $ 2,045 Other noncurrent obligations (103) — Net investment in nonconsolidated affiliates $ 1,718 $ 2,045 Dividends Received from Nonconsolidated Affiliates Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Dividends from nonconsolidated affiliates 1 $ 548 $ 178 1. Included in "Earnings of nonconsolidated affiliates less than (in excess of) dividends received" in the consolidated statements of cash flows. In the first quarter of 2022, EQUATE Petrochemical Company K.S.C.C. ("EQUATE") paid a dividend of $318 million ($79 million in the first quarter of 2021), reflected in "Earnings of nonconsolidated affiliates less than (in excess of) dividends received" in the consolidated statements of cash flows. As a result, the Company had a negative investment balance in EQUATE of $103 million included in "Other noncurrent obligations" (positive $115 million at December 31, 2021 included in "Investment in nonconsolidated affiliates") in the consolidated balance sheets.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS (Notes)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS The following table shows changes in the carrying amount of goodwill by reportable segment: Goodwill Packaging & Specialty Plastics Industrial Intermediates & Infrastructure Performance Materials & Coatings Total In millions Net goodwill at Dec 31, 2021 $ 5,105 $ 1,096 $ 2,563 $ 8,764 Foreign currency impact (2) (1) (45) (48) Net goodwill at Mar 31, 2022 $ 5,103 $ 1,095 $ 2,518 $ 8,716 The following table provides information regarding the Company’s other intangible assets: Other Intangible Assets Mar 31, 2022 Dec 31, 2021 In millions Gross Carrying Amount Accum Amort Net Gross Carrying Amount Accum Amort Net Intangible assets with finite lives: Developed technology $ 2,637 $ (1,912) $ 725 $ 2,637 $ (1,871) $ 766 Software 1,372 (936) 436 1,396 (945) 451 Trademarks/tradenames 352 (344) 8 352 (344) 8 Customer-related 3,173 (1,598) 1,575 3,204 (1,565) 1,639 Total other intangible assets, finite lives $ 7,534 $ (4,790) $ 2,744 $ 7,589 $ (4,725) $ 2,864 In-process research and development 17 — 17 17 — 17 Total other intangible assets $ 7,551 $ (4,790) $ 2,761 $ 7,606 $ (4,725) $ 2,881 The following table provides information regarding amortization expense related to intangible assets: Amortization Expense Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Other intangible assets, excluding software $ 88 $ 101 Software, included in “Cost of sales” $ 20 $ 22 Total estimated amortization expense for 2022 and the five succeeding fiscal years, including amounts expected to be capitalized, is as follows: Estimated Amortization Expense In millions 2022 $ 419 2023 $ 385 2024 $ 365 2025 $ 274 2026 $ 200 2027 $ 169

TRANSFERS OF FINANCIAL ASSETS

TRANSFERS OF FINANCIAL ASSETS	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing [Abstract]
TRANSFERS OF FINANCIAL ASSETS	TRANSFERS OF FINANCIAL ASSETS Accounts Receivable Programs The Company maintains committed accounts receivable facilities with various financial institutions, including in the United States, which expires in November 2022 (“U.S. A/R Program”) and in Europe, which expires in July 2023 (“Europe A/R Program” and together with the U.S. A/R Program, "the Programs"). 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. A/R Program and up to €500 million for the Europe A/R Program. 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. 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 12 for additional information related to guarantees. In the first quarter of 2022, the Company sold $250 million of receivables under the Programs (zero in the first quarter of 2021).

NOTES PAYABLE, LONG-TERM DEBT A

NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Notes)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt Disclosure	NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES Notes Payable Mar 31, 2022 Dec 31, 2021 In millions Notes payable to banks and other lenders $ 92 $ 161 Period-end average interest rates 8.14 % 5.78 % Long-Term Debt 2022 Average Rate Mar 31, 2022 2021 Average Rate Dec 31, 2021 In millions Promissory notes and debentures: Final maturity 2022 8.64 % $ 121 8.64 % $ 121 Final maturity 2023 7.63 % 250 7.63 % 250 Final maturity 2025 5.63 % 333 5.63 % 333 Final maturity 2026 3.63 % 750 3.63 % 750 Final maturity 2028 and thereafter 1 5.15 % 9,363 5.15 % 9,363 Other facilities: Foreign currency notes and loans, various rates and maturities 1.17 % 2,667 1.17 % 2,730 InterNotes®, varying maturities through 2052 3.36 % 406 3.37 % 392 Finance lease obligations 2 862 869 Unamortized debt discount and issuance costs (289) (297) Long-term debt due within one year 3 (355) (231) Long-term debt $ 14,108 $ 14,280 1. Cost includes net fair value hedge adjustment gains of $47 million at March 31, 2022 and December 31, 2021. See Note 18 for additional information. 2. See Note 13 for additional information. 3. Presented net of current portion of unamortized debt issuance costs. Maturities of Long-Term Debt for Next Five Years at Mar 31, 2022 In millions 2022 $ 207 2023 $ 391 2024 $ 81 2025 $ 386 2026 $ 829 2027 $ 1,161 2022 Activity In the first three months of 2022, the Company issued an aggregate principal amount of $16 million of InterNotes®. Available Credit Facilities The following table summarizes the Company's credit facilities: Committed and Available Credit Facilities at Mar 31, 2022 In millions Committed Credit Available Credit Maturity Date Interest Five Year Competitive Advance and Revolving Credit Facility $ 5,000 $ 5,000 November 2026 Floating rate Bilateral Revolving Credit Facility 100 100 June 2022 Floating rate Bilateral Revolving Credit Facility 200 200 September 2022 Floating rate Bilateral Revolving Credit Facility 200 200 November 2022 Floating rate Bilateral Revolving Credit Facility 200 200 September 2023 Floating rate Bilateral Revolving Credit Facility 250 250 September 2023 Floating rate Bilateral Revolving Credit Facility 300 300 September 2023 Floating rate Bilateral Revolving Credit Facility 300 300 December 2023 Floating rate Bilateral Revolving Credit Facility 300 300 December 2023 Floating rate Bilateral Revolving Credit Facility 100 100 October 2024 Floating rate Bilateral Revolving Credit Facility 200 200 November 2024 Floating rate Bilateral Revolving Credit Facility 100 100 March 2025 Floating rate Bilateral Revolving Credit Facility 250 250 March 2025 Floating rate Bilateral Revolving Credit Facility 350 350 March 2025 Floating rate Bilateral Revolving Credit Facility 100 100 March 2025 Floating rate Bilateral Revolving Credit Facility 100 100 March 2025 Floating rate Bilateral Revolving Credit Facility 100 100 March 2026 Floating rate Bilateral Revolving Credit Facility 100 100 October 2026 Floating rate Bilateral Revolving Credit Facility 150 150 November 2026 Floating 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 three months of 2022. For additional information on the Company's debt covenants and default provisions, see Note 15 to the Consolidated Financial Statements included in the 2021 10-K.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Notes)	3 Months Ended
	Mar. 31, 2022
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 16 to the Consolidated Financial Statements included in the 2021 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 March 31, 2022, the Company had accrued obligations of $1,281 million for probable environmental remediation and restoration costs ($1,220 million at December 31, 2021), including $240 million for the remediation of Superfund sites ($237 million at December 31, 2021). 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 one and a half 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 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 2022 activity, it was determined that no adjustment to the accrual was required at March 31, 2022. Union Carbide’s total asbestos-related liability for pending and future claims and defense and processing costs was $1,005 million at March 31, 2022 ($1,016 million at December 31, 2021). At March 31, 2022, approximately 26 percent of the recorded claim liability related to pending claims and approximately 74 percent related to future claims. Dow Silicones Chapter 11 Related Matters At March 31, 2022, Dow Silicones and its insurers have made life-to-date payments of $1,795 million to the settlement program administered by an independent claims office (the “Settlement Facility”), created to resolve breast implant and other product liability claims. At March 31, 2022, Dow Silicones estimates that it will be obligated to contribute an additional $127 million to the Settlement Facility ($130 million at December 31, 2021), which was included in “Accrued and other current liabilities” and "Other noncurrent obligations" in the consolidated balance sheets. Indemnifications with Corning Incorporated The Company had indemnification assets with Corning Incorporated of $93 million at March 31, 2022 ($95 million at December 31, 2021), which were included primarily in "Noncurrent receivables" in the consolidated balance sheets. Gain Contingency - Dow v. Nova Chemicals Corporation Patent Infringement Matter As a result of a 2017 damages judgment related to the patent infringement matter, Nova Chemicals Corporation ("Nova") was ordered to pay the Company $645 million Canadian dollars, plus pre- and post-judgment interest, for which the Company received payment of $501 million U.S. dollars in July 2017. At March 31, 2022, the Company had $341 million ($341 million at December 31, 2021) included in "Accrued and other current liabilities" in the consolidated balance sheets related to the disputed portion of the damages judgment. Gain Contingency - Dow v. Nova Chemicals Corporation Ethylene Asset Matter As a result of a 2019 damages judgment related to the ethylene asset matter, Nova was ordered to pay the Company $1.43 billion Canadian dollars (equivalent to approximately $1.08 billion U.S. dollars). In October 2019, Nova paid $1.08 billion Canadian dollars (equivalent to approximately $0.8 billion U.S. dollars) directly to the Company, and remitted $347 million Canadian dollars to the Canada Revenue Agency ("CRA") for the tax account of one of the Company's subsidiaries. In March 2020, the Company received the full refund from the CRA, equivalent to $259 million U.S. dollars. At March 31, 2022, $323 million ($323 million at December 31, 2021) was included in "Other noncurrent obligations" in the Company's consolidated balance sheets related to the disputed portion of the damages judgment. 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: Guarantees Mar 31, 2022 Dec 31, 2021 In millions Final Maximum Future Payments 1 Recorded Liability Final Maximum Future Payments 1 Recorded Liability Guarantees 2038 $ 1,377 $ 216 2038 $ 1,273 $ 220 1. In addition, TDCC has provided guarantees, in proportion to the Company's 35 percent ownership interest, of all future interest payments that will become due on Sadara’s project financing debt during the grace period, which Dow's share is estimated to be $496 million at March 31, 2022 ($446 million at December 31, 2021). Based on Sadara's current forecasted cash flows, the Company does not expect to be required to perform under the guarantees. Guarantees arise during the ordinary course of business from relationships with customers, committed 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 1 year to 16 years. The Company’s current expectation is that future payment or performance related to the non-performance of others is considered remote. TDCC has entered into guarantee agreements related to Sadara, a nonconsolidated affiliate. The total of an Islamic bond and additional project financing outstanding at Sadara was $9.6 billion at March 31, 2022 ($9.6 billion at December 31, 2021). 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. 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. Based on Sadara's current forecasted cash flows, the Company does not expect Sadara to draw on the facility.

LEASES (Notes)

LEASES (Notes)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Lessee, Operating And Finance Leases	LEASES For additional information on the Company's leases, see Note 17 to the Consolidated Financial Statements included in the 2021 10-K. The components of lease cost for operating and finance leases for the three months ended March 31, 2022 and 2021 were as follows: Lease Cost Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Operating lease cost $ 97 $ 121 Finance lease cost Amortization of right-of-use assets - finance $ 26 $ 15 Interest on lease liabilities - finance 8 7 Total finance lease cost $ 34 $ 22 Short-term lease cost 59 49 Variable lease cost 115 71 Sublease income (3) (2) Total lease cost $ 302 $ 261 The following table provides supplemental cash flow and other information related to leases: Other Lease Information Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 101 $ 127 Operating cash flows for finance leases $ 8 $ 7 Financing cash flows for finance leases $ 22 $ 11 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 16 $ 35 Finance leases $ 17 $ 57 The following table summarizes the lease-related assets and liabilities recorded in the consolidated balance sheets at March 31, 2022 and December 31, 2021: Lease Position Balance Sheet Classification Mar 31, 2022 Dec 31, 2021 In millions Assets Operating lease assets Operating lease right-of-use assets $ 1,339 $ 1,412 Finance lease assets Property 1,174 1,158 Finance lease amortization Accumulated depreciation (393) (368) Total lease assets $ 2,120 $ 2,202 Liabilities Current Operating Operating lease liabilities - current $ 306 $ 314 Finance Long-term debt due within one year 110 106 Noncurrent Operating Operating lease liabilities - noncurrent 1,092 1,149 Finance Long-Term Debt 752 763 Total lease liabilities $ 2,260 $ 2,332 The weighted-average remaining lease term and discount rate for leases recorded in the consolidated balance sheets at March 31, 2022 and December 31, 2021 are provided below: Lease Term and Discount Rate Mar 31, 2022 Dec 31, 2021 Weighted-average remaining lease term Operating leases 7.8 years 7.9 years Finance leases 11.5 years 11.8 years Weighted-average discount rate Operating leases 3.82 % 3.72 % Finance leases 4.16 % 4.17 % The following table provides the maturities of lease liabilities at March 31, 2022: Maturities of Lease Liabilities Mar 31, 2022 In millions Operating Leases Finance Leases 2022 $ 267 $ 108 2023 286 167 2024 221 106 2025 179 76 2026 144 70 2027 and thereafter 569 556 Total future undiscounted lease payments $ 1,666 $ 1,083 Less: Imputed interest 268 221 Total present value of lease liabilities $ 1,398 $ 862 At March 31, 2022, Dow had additional leases of approximately $97 million, primarily for equipment, which had not yet commenced. These leases are expected to commence in 2022 and 2025, with lease terms of up to 16 years. Dow provides guarantees related to certain leased assets, specifying the residual value that will be available to the lessor at lease termination through the sale of the assets to the lessee or third parties. The following table provides a summary of the final expiration, maximum future payments and recorded liability included in the consolidated balance sheets for residual value guarantees at March 31, 2022 and December 31, 2021. The lease agreements do not contain any material restrictive covenants. Lease Guarantees Mar 31, 2022 Dec 31, 2021 In millions Final Expiration Maximum Future Payments Recorded Liability Final Expiration Maximum Future Payments Recorded Liability Residual value guarantees 2031 $ 275 $ — 2031 $ 280 $ —

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Notes)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	STOCKHOLDERS' EQUITY Treasury Stock Dow Inc. On April 1, 2019, Dow Inc.'s Board ratified the share repurchase program originally approved on March 15, 2019, authorizing up to $3 billion to be spent on the repurchase of the Company's common stock, with no expiration date. The Company repurchased $600 million of its common stock in the first quarter of 2022. At March 31, 2022, approximately $775 million of the share repurchase program authorization remained available for repurchases. The Company began issuing treasury shares to satisfy its obligation to make matching contributions to plan participants under The Dow Employees’ Savings Plan in the first quarter of 2022. The Company may satisfy these obligations using shares of Dow Inc. treasury stock or by issuing new shares of common stock. Accumulated Other Comprehensive Loss The changes in each component of accumulated other comprehensive loss ("AOCL") for the three months ended March 31, 2022 and 2021 were as follows: Accumulated Other Comprehensive Loss Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Unrealized Gains (Losses) on Investments Beginning balance $ 59 $ 104 Unrealized gains (losses) on investments (121) (54) Tax (expense) benefit 24 11 Net unrealized gains (losses) on investments (97) (43) (Gains) losses reclassified from AOCL to net income 1 1 (8) Tax expense (benefit) 2 — 2 Net (gains) losses reclassified from AOCL to net income 1 (6) Other comprehensive income (loss), net of tax (96) (49) Ending balance $ (37) $ 55 Cumulative Translation Adjustment Beginning balance $ (1,355) $ (930) Gains (losses) on foreign currency translation (165) (217) Tax (expense) benefit 13 (36) Net gains (losses) on foreign currency translation (152) (253) (Gains) losses reclassified from AOCL to net income 3 (12) — Other comprehensive income (loss), net of tax (164) (253) Ending balance $ (1,519) $ (1,183) Pension and Other Postretirement Benefits Beginning balance $ (7,334) $ (9,559) Gains (losses) arising during the period 4 2 1,268 Tax (expense) benefit — (298) Net gains (losses) arising during the period 2 970 Amortization of net loss and prior service credits reclassified from AOCL to net income 5 157 198 Tax expense (benefit) 2 (50) (34) Net loss and prior service credits reclassified from AOCL to net income 107 164 Other comprehensive income (loss), net of tax 109 1,134 Ending balance $ (7,225) $ (8,425) Derivative Instruments Beginning balance $ (347) $ (470) Gains (losses) on derivative instruments 420 122 Tax (expense) benefit (56) (9) Net gains (losses) on derivative instruments 364 113 (Gains) losses reclassified from AOCL to net income 6 (34) (3) Tax expense (benefit) 2 2 — Net (gains) losses reclassified from AOCL to net income (32) (3) Other comprehensive income (loss), net of tax 332 110 Ending balance $ (15) $ (360) Total AOCL ending balance $ (8,796) $ (9,913) 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. The 2021 impact relates to an interim remeasurement of U.S. pension plans due to the announced freeze of plan benefits in the first quarter of 2021. 5. These AOCL components are included in the computation of net periodic benefit cost of the Company's defined benefit pension and other postretirement benefit plans. See Note 16 for additional information. 6. Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."

NONCONTROLLING INTERESTS Noncon

NONCONTROLLING INTERESTS Noncontrolling Interests	3 Months Ended
	Mar. 31, 2022
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. The following table summarizes the activity for equity attributable to noncontrolling interests for the three months ended March 31, 2022 and 2021: Noncontrolling Interests Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Balance at beginning of period $ 574 $ 570 Net income (loss) attributable to noncontrolling interests 1 (17) 15 Distributions to noncontrolling interests (1) (8) Cumulative translation adjustments (11) (16) Other — (1) Balance at end of period $ 545 $ 560

PENSION PLANS AND OTHER POSTRET

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS	3 Months Ended
	Mar. 31, 2022
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 20 to the Consolidated Financial Statements included in the 2021 10-K. The following table provides the components of the Company's net periodic benefit cost for all significant plans: Net Periodic Benefit Cost for All Significant Plans Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Defined Benefit Pension Plans Service cost $ 99 $ 102 Interest cost 171 143 Expected return on plan assets (424) (422) Amortization of prior service credit (6) (5) Amortization of net loss 167 224 Curtailment gain — (19) Net periodic benefit cost $ 7 $ 23 Other Postretirement Benefit Plans Service cost $ 1 $ 2 Interest cost 7 6 Amortization of net gain (4) (2) Net periodic benefit cost $ 4 $ 6 Net periodic benefit cost, other than the service cost component, is included in "Sundry income (expense) - net" in the consolidated statements of income.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2022
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 21 to the Consolidated Financial Statements included in the 2021 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 2022, Dow Inc. granted the following stock-based compensation awards to employees: • 1.2 million stock options with a weighted-average exercise price of $60.95 per share and a weighted-average fair value of $11.08 per share; • 1.7 million restricted stock units with a weighted-average fair value of $60.96 per share; and • 1.2 million performance stock units with a weighted-average fair value of $65.83 per share. 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 2022 annual offering of the 2021 ESPP, most employees were 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 April 1, 2022 (beginning) or October 7, 2022 (ending) of the offering period, whichever is lower. In the first quarter of 2022, employees subscribed to the right to purchase approximately 2.0 million shares under the 2021 ESPP. The plan price is fixed upon the close of the offering period and will be determined in the fourth quarter of 2022. The shares will be delivered to employees in the fourth quarter of 2022.

Financial Instruments (Notes)

Financial Instruments (Notes)	3 Months Ended
	Mar. 31, 2022
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 22 to the Consolidated Financial Statements included in the 2021 10-K. The following table summarizes the fair value of financial instruments at March 31, 2022 and December 31, 2021: Fair Value of Financial Instruments Mar 31, 2022 Dec 31, 2021 In millions Cost Gain Loss Fair Value Cost Gain Loss Fair Value Cash equivalents: Held-to-maturity securities 1 $ 377 $ — $ — $ 377 $ 317 $ — $ — $ 317 Money market funds 580 — — 580 489 — — 489 Total cash equivalents $ 957 $ — $ — $ 957 $ 806 $ — $ — $ 806 Marketable securities 2 $ 238 $ 4 $ — $ 242 $ 237 $ 8 $ — $ 245 Other investments: Debt securities: Government debt 3 $ 734 $ 5 $ (64) $ 675 $ 746 $ 17 $ (28) $ 735 Corporate bonds 1,270 51 (50) 1,271 1,251 93 (20) 1,324 Total debt securities $ 2,004 $ 56 $ (114) $ 1,946 $ 1,997 $ 110 $ (48) $ 2,059 Equity securities 4 5 11 — 16 7 13 — 20 Total other investments $ 2,009 $ 67 $ (114) $ 1,962 $ 2,004 $ 123 $ (48) $ 2,079 Total cash equivalents, marketable securities and other investments $ 3,204 $ 71 $ (114) $ 3,161 $ 3,047 $ 131 $ (48) $ 3,130 Long-term debt including debt due within one year 5 $ (14,463) $ 567 $ (1,424) $ (15,320) $ (14,511) $ 27 $ (2,641) $ (17,125) Derivatives relating to: Interest rates 6 $ — $ 27 $ (13) $ 14 $ — $ 1 $ (140) $ (139) Foreign currency — 64 (64) — — 46 (18) 28 Commodities 6 — 331 (135) 196 — 142 (92) 50 Total derivatives $ — $ 422 $ (212) $ 210 $ — $ 189 $ (250) $ (61) 1. The Company's held-to-maturity securities primarily included treasury bills and time deposits. 2. The Company’s investments in marketable securities are included in “Other current assets” in the consolidated balance sheets. 3. U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations. 4. Equity securities with a readily determinable fair value. 5. Cost includes fair value hedge adjustment gains of $47 million at March 31, 2022 and December 31, 2021 on $2,279 million of debt at March 31, 2022 and December 31, 2021. 6. Presented net of cash collateral where master netting arrangements allow. Cost approximates fair value for all other financial instruments. Debt Securities The Company's investments in debt securities are primarily classified as available-for-sale. The following table provides the investing results from available-for-sale securities for the three months ended March 31, 2022 and 2021: Investing Results Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Proceeds from sales of available-for-sale securities $ 113 $ 187 Gross realized gains $ 12 $ 13 Gross realized losses $ (13) $ (5) The following table summarizes the contractual maturities of the Company's investments in debt securities: Contractual Maturities of Debt Securities at Mar 31, 2022 1 Cost Fair Value In millions Within one year $ 46 $ 46 One to five years 695 701 Six to ten years 730 686 After ten years 533 513 Total $ 2,004 $ 1,946 1. Includes marketable securities with maturities of less than one year. 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 months ended March 31, 2022. There was $3 million of net unrealized losses recognized in earnings on equity securities for the three months ended March 31, 2022 (no unrealized gain or loss for the three months ended March 31, 2021). Investments in Equity Securities Mar 31, 2022 Dec 31, 2021 In millions Readily determinable fair value $ 16 $ 20 Not readily determinable fair value $ 208 $ 209 Derivative Instruments The notional amounts of the Company's derivative instruments presented on a net basis at March 31, 2022 and December 31, 2021 were as follows: Notional Amounts - Net Mar 31, 2022 Dec 31, 2021 In millions Derivatives designated as hedging instruments: Interest rate contracts $ 3,000 $ 3,000 Foreign currency contracts $ 6,502 $ 5,300 Derivatives not designated as hedging instruments: Interest rate contracts $ 7 $ 36 Foreign currency contracts $ 13,492 $ 8,234 The notional amounts of the Company's commodity derivatives presented on a net basis at March 31, 2022 and December 31, 2021 were as follows: Commodity Notionals - Net Mar 31, 2022 Dec 31, 2021 Notional Volume Unit Derivatives designated as hedging instruments: Hydrocarbon derivatives 8.5 9.7 million barrels of oil equivalent Derivatives not designated as hedging instruments: Hydrocarbon derivatives 0.7 0.1 million barrels of oil equivalent Power derivatives — 3.3 thousands of megawatt hours Maturity Dates of Derivatives Designated as Hedging Instruments Year Interest rate contracts 2023 Foreign currency contracts 2023 Commodity contracts 2026 The following tables provide the fair value and balance sheet classification of derivative instruments at March 31, 2022 and December 31, 2021: Fair Value of Derivative Instruments Mar 31, 2022 In millions Balance Sheet Classification Gross Counterparty and Cash Collateral Netting 1 Net Amounts Included in the Consolidated Balance Sheets Asset derivatives Derivatives designated as hedging instruments: Interest rate contracts Other current assets $ 33 $ (25) $ 8 Interest rate contracts Deferred charges and other assets 237 (218) 19 Foreign currency contracts Other current assets 228 (171) 57 Commodity contracts Other current assets 507 (213) 294 Commodity contracts Deferred charges and other assets 19 — 19 Total $ 1,024 $ (627) $ 397 Derivatives not designated as hedging instruments: Foreign currency contracts Other current assets $ 38 $ (31) $ 7 Commodity contracts Other current assets 53 (35) 18 Total $ 91 $ (66) $ 25 Total asset derivatives $ 1,115 $ (693) $ 422 Liability derivatives Derivatives designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 25 $ (25) $ — Interest rate contracts Other noncurrent obligations 219 (218) 1 Foreign currency contracts Accrued and other current liabilities 172 (171) 1 Commodity contracts Accrued and other current liabilities 330 (230) 100 Total $ 746 $ (644) $ 102 Derivatives not designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 12 $ — $ 12 Foreign currency contracts Accrued and other current liabilities 94 (31) 63 Commodity contracts Accrued and other current liabilities 91 (56) 35 Total $ 197 $ (87) $ 110 Total liability derivatives $ 943 $ (731) $ 212 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. Fair Value of Derivative Instruments Dec 31, 2021 In millions Balance Sheet Classification Gross Counterparty and Cash Collateral Netting 1 Net Amounts Included in the Consolidated Balance Sheets Asset derivatives Derivatives designated as hedging instruments: Interest rate contracts Other current assets $ 14 $ (14) $ — Interest rate contracts Deferred charges and other assets 130 (130) — Foreign currency contracts Other current assets 24 (13) 11 Foreign currency contracts Deferred charges and other assets 117 (89) 28 Commodity contracts Other current assets 305 (173) 132 Commodity contracts Deferred charges and other assets 9 (2) 7 Total $ 599 $ (421) $ 178 Derivatives not designated as hedging instruments: Interest rate contracts Other current assets $ 1 $ — $ 1 Foreign currency contracts Other current assets 23 (16) 7 Foreign currency contracts Deferred charges and other assets 1 (1) — Commodity contracts Other current assets 8 (5) 3 Total $ 33 $ (22) $ 11 Total asset derivatives $ 632 $ (443) $ 189 Liability derivatives Derivatives designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 33 $ (14) $ 19 Interest rate contracts Other noncurrent obligations 192 (130) 62 Foreign currency contracts Accrued and other current liabilities 15 (13) 2 Foreign currency contracts Other noncurrent obligations 90 (89) 1 Commodity contracts Accrued and other current liabilities 267 (192) 75 Commodity contracts Other noncurrent obligations 2 (2) — Total $ 599 $ (440) $ 159 Derivatives not designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 59 $ — $ 59 Foreign currency contracts Accrued and other current liabilities 31 (16) 15 Foreign currency contracts Other noncurrent obligations 1 (1) — Commodity contracts Accrued and other current liabilities 25 (8) 17 Total $ 116 $ (25) $ 91 Total liability derivatives $ 715 $ (465) $ 250 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. 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 $54 million at March 31, 2022 ($71 million at December 31, 2021). Cash collateral of $1 million was posted by counterparties with the Company at March 31, 2022 (zero at December 31, 2021). 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, 2022 and 2021: Effect of Derivative Instruments Amount of gain (loss) recognized in OCI 1 Amount of gain (loss) recognized in income 2 Income Statement Classification Three Months Ended Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Derivatives designated as hedging Fair value hedges: Interest rate contracts $ — $ — $ — $ (25) Interest expense and amortization of debt discount 3 Excluded components 4 — 2 — — Interest expense and amortization of debt discount Cash flow hedges: Interest rate contracts 99 — (3) (3) Interest expense and amortization of debt discount Foreign currency contracts 2 5 3 (8) Cost of sales Commodity contracts 207 65 34 13 Cost of sales Net foreign investment hedges: Foreign currency contracts (2) 10 — — Excluded components 4 29 5 12 1 Sundry income (expense) - net Total derivatives designated as hedging instruments $ 335 $ 87 $ 46 $ (22) Derivatives not designated as hedging instruments: Interest rate contracts $ — $ — $ (1) $ (2) Interest expense and amortization of debt discount Foreign currency contracts — — (85) (113) Sundry income (expense) - net Commodity contracts — — 22 (30) Cost of sales Total derivatives not designated as $ — $ — $ (64) $ (145) Total derivatives $ 335 $ 87 $ (18) $ (167) 1. OCI is defined as other comprehensive income (loss). 2. Pretax amounts. 3. Gain (loss) recognized in income of derivatives is offset by gain (loss) recognized in income of hedged item. 4. The excluded components are related to the time value of the derivatives designated as hedges. The following table provides the net after-tax gains and (losses) expected to be reclassified from AOCL to income within the next 12 months: Expected Reclassifications from AOCL within the next 12 months Mar 31, 2022 In millions Cash flow hedges: Interest rate contracts $ (8) Commodity contracts $ (217) Foreign currency contracts $ 8 Net foreign investment hedges: Excluded components $ 40

FAIR VALUE MEASUREMENTS (Notes)

FAIR VALUE MEASUREMENTS (Notes)	3 Months Ended
	Mar. 31, 2022
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 23 to the Consolidated Financial Statements included in the 2021 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: Basis of Fair Value Measurements on a Recurring Basis Mar 31, 2022 Dec 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total In millions Assets at fair value: Cash equivalents: Held-to-maturity securities 1 $ — $ 377 $ — $ 377 $ — $ 317 $ — $ 317 Money market funds — 580 — 580 — 489 — 489 Marketable securities 2 — 242 — 242 — 245 — 245 Equity securities 3 16 — — 16 20 — — 20 Debt securities: 3 Government debt 4 — 675 — 675 — 735 — 735 Corporate bonds 37 1,234 — 1,271 44 1,280 — 1,324 Derivatives relating to: 5 Interest rates — 270 — 270 — 145 — 145 Foreign currency — 266 — 266 — 165 — 165 Commodities 13 566 — 579 15 307 — 322 Total assets at fair value $ 66 $ 4,210 $ — $ 4,276 $ 79 $ 3,683 $ — $ 3,762 Liabilities at fair value: Long-term debt including debt due within one year 6 $ — $ 15,320 $ — $ 15,320 $ — $ 17,125 $ — $ 17,125 Guarantee liability 7 — — 215 215 — — 220 220 Derivatives relating to: 5 Interest rates — 256 — 256 — 284 — 284 Foreign currency — 266 — 266 — 137 — 137 Commodities 45 376 — 421 37 257 — 294 Total liabilities at fair value $ 45 $ 16,218 $ 215 $ 16,478 $ 37 $ 17,803 $ 220 $ 18,060 1. The Company's held-to-maturity securities primarily included treasury bills and time deposits. 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. See Note 18 for the classification of derivatives in the consolidated balance sheets. 6. See Note 18 for information on fair value measurements of long-term debt. 7. Estimated liability for TDCC's guarantee of Sadara's debt which is included in "Other noncurrent obligations" in the consolidated balance sheets. See Note 12 for additional information. For equity securities calculated at net asset value per share (or its equivalent), the Company had $138 million in private market securities and $24 million in real estate at March 31, 2022 ( $106 million in private market securities and $22 million in real estate at December 31, 2021). There are no redemption restrictions and the unfunded commitments on these investments were $59 million at March 31, 2022 and December 31, 2021. For liabilities classified as Level 3 measurements, the 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. See Note 12 for further information on guarantees classified as Level 3 measurements.

VARIABLE INTEREST ENTITIES (Not

VARIABLE INTEREST ENTITIES (Notes)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES A summary of the Company's variable interest entities ("VIEs") can be found in Note 24 to the Consolidated Financial Statements included in the 2021 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 (loss) attributable to noncontrolling interests” in the consolidated statements of income and "Noncontrolling interests" in the consolidated balance sheets. The following table summarizes the carrying amounts of these entities' assets and liabilities included in the Company’s consolidated balance sheets at March 31, 2022 and December 31, 2021: Assets and Liabilities of Consolidated VIEs Mar 31, 2022 Dec 31, 2021 In millions Cash and cash equivalents $ 48 $ 40 Other current assets 38 40 Net property 181 184 Other noncurrent assets 15 15 Total assets 1 $ 282 $ 279 Current liabilities $ 34 $ 37 Long-term debt 2 3 Other noncurrent obligations 13 13 Total liabilities 2 $ 49 $ 53 1. All assets were restricted at March 31, 2022 and December 31, 2021. 2. All liabilities were nonrecourse at March 31, 2022 and December 31, 2021. Amounts presented in the consolidated balance sheets and the table above as restricted assets or nonrecourse obligations relating to consolidated VIEs at March 31, 2022 and December 31, 2021 are adjusted for intercompany eliminations. Nonconsolidated VIEs The following table summarizes the carrying amounts of assets included in the consolidated balance sheets at March 31, 2022 and December 31, 2021, related to variable interests in joint ventures or entities for which the Company is not the primary beneficiary. The Company's maximum exposure to loss is the same as the carrying amounts. Carrying Amounts of Assets Related to Nonconsolidated VIEs Mar 31, 2022 Dec 31, 2021 In millions Description of asset Silicon joint ventures Equity method investments 1 $ 113 $ 110 1. Included in "Investment in nonconsolidated affiliates" in the consolidated balance sheets.

RELATD PARTY TRANSACTIONS (Note

RELATD PARTY TRANSACTIONS (Notes)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	RELATED PARTY TRANSACTIONS TDCC has committed to fund Dow Inc.'s dividends paid to common stockholders and share repurchases, as approved by Dow Inc.'s Board from time to time, as well as certain governance expenses. Funding is accomplished through intercompany loans. TDCC's Board reviews and determines a dividend distribution to Dow Inc. to settle the intercompany loans. The following table summarizes cash dividends TDCC declared and paid to Dow Inc. for the three months ended March 31, 2022 and 2021: TDCC Cash Dividends Declared and Paid Three Months Ended Mar 31, 2022 Mar 31, 2021 In millions Cash dividends declared and paid $ 1,121 $ 703 At March 31, 2022 and December 31, 2021, TDCC's outstanding intercompany loan balance with Dow Inc. was insignificant.

SEGMENTS AND GEOGRAPHIC REGIONS

SEGMENTS AND GEOGRAPHIC REGIONS (Notes)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segments and Geographic Regions [Text Block]	SEGMENTS AND GEOGRAPHIC REGIONS Dow’s measure of profit/loss for segment reporting purposes is Operating EBIT as this is the manner in which the Company's chief operating decision maker assesses performance and allocates resources. The Company defines Operating EBIT as earnings (i.e., "Income 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 Information Pack. & Spec. Plastics Ind. Interm. & Infrast. Perf. Materials & Coatings Corp. Total In millions Three months ended Mar 31, 2022 Net sales $ 7,627 $ 4,524 $ 3,049 $ 64 $ 15,264 Equity in earnings (losses) of nonconsolidated affiliates $ 110 $ 62 $ 3 $ (1) $ 174 Dow Inc. Operating EBIT 1 $ 1,234 $ 661 $ 595 $ (71) $ 2,419 Three months ended Mar 31, 2021 Net sales $ 6,082 $ 3,607 $ 2,123 $ 70 $ 11,882 Equity in earnings of nonconsolidated affiliates $ 106 $ 115 $ 2 $ 1 $ 224 Dow Inc. Operating EBIT 1 $ 1,228 $ 326 $ 62 $ (62) $ 1,554 1. Operating EBIT for TDCC for the three months ended March 31, 2022 and 2021 is substantially the same as that of Dow Inc. and therefore has not been disclosed separately in the table above. A reconciliation of "Net income" to Operating EBIT is provided in the following table. Reconciliation of "Net income" to Operating EBIT Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Net income $ 1,552 $ 1,006 + Provision for income taxes 503 317 Income before income taxes $ 2,055 $ 1,323 - Interest income 28 8 + Interest expense and amortization of debt discount 167 196 - Significant items (225) (43) Operating EBIT $ 2,419 $ 1,554 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, 2022 Pack. & Spec. Plastics Ind. Interm. & Infrast. Perf. Mat. & Coatings Corp. Total In millions Digitalization program costs 1 $ — $ — $ — $ (41) $ (41) Restructuring, implementation costs and asset related charges - net 2 — — — (10) (10) Russia / Ukraine conflict charges 3 (31) (109) (16) (30) (186) Indemnification and other transaction related costs 4 — — — 12 12 Total $ (31) $ (109) $ (16) $ (69) $ (225) 1. Includes costs associated with implementing the Company's Digital Acceleration program. 2. Includes costs associated with implementing the Company's 2020 Restructuring Program. 3. Asset related charges due to the Russia and Ukraine conflict. See Note 4 for additional information. 4. Primarily related to charges associated with agreements entered into with DuPont de Nemours, Inc. and Corteva Inc. 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. See Note 2 for additional information. Significant Items by Segment Three Months Ended Mar 31, 2021 Pack. & Spec. Plastics Ind. Interm. & Infrast. Perf. Mat. & Coatings Corp. Total In millions Digitalization program costs 1 $ — $ — $ — $ (33) $ (33) Restructuring, implementation costs and asset related charges - net 2 — — — (10) (10) Total $ — $ — $ — $ (43) $ (43) 1. Includes costs associated with implementing the Company's Digital Acceleration program. 2. Includes costs associated with implementing the Company's 2020 Restructuring Program.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
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 Business Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Hydrocarbons & Energy $ 2,416 $ 1,751 Packaging and Specialty Plastics 5,211 4,331 Packaging & Specialty Plastics $ 7,627 $ 6,082 Industrial Solutions $ 1,515 $ 1,049 Polyurethanes & Construction Chemicals 3,005 2,556 Other 4 2 Industrial Intermediates & Infrastructure $ 4,524 $ 3,607 Coatings & Performance Monomers $ 1,075 $ 855 Consumer Solutions 1,974 1,268 Performance Materials & Coatings $ 3,049 $ 2,123 Corporate $ 64 $ 70 Total $ 15,264 $ 11,882 Net Trade Sales by Geographic Region Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 U.S. & Canada $ 5,537 $ 4,028 EMEAI 1 5,512 4,329 Asia Pacific 2,753 2,365 Latin America 1,462 1,160 Total $ 15,264 $ 11,882 1. Europe, Middle East, Africa and India.
Contract with Customer, Asset and Liability [Table Text Block]	The following table summarizes the contract assets and liabilities at March 31, 2022 and December 31, 2021: Contract Assets and Liabilities Balance Sheet Classification Mar 31, 2022 Dec 31, 2021 In millions Accounts and notes receivable - trade Accounts and notes receivable - trade $ 7,423 $ 6,841 Contract assets - current Other current assets $ 36 $ 34 Contract assets - noncurrent Deferred charges and other assets $ 24 $ 26 Contract liabilities - current Accrued and other current liabilities $ 181 $ 209 Contract liabilities - noncurrent Other noncurrent obligations $ 1,922 $ 1,925

Restructuring and Related Activ

Restructuring and Related Activities (Tables)	3 Months Ended
	Mar. 31, 2022
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 2020 Restructuring Program since January 1, 2021: 2020 Restructuring Program Severance and Related Benefit Costs Asset Write-downs and Write-offs Costs Associated with Exit and Disposal Activities Total In millions Reserve balance at Jan 1, 2021 $ 289 $ — $ 75 $ 364 Cash payments (37) — (12) (49) Reserve balance at Mar 31, 2021 $ 252 $ — $ 63 $ 315 Packaging & Specialty Plastics $ — $ — $ 8 $ 8 Industrial Intermediates & Infrastructure — 1 — 1 Performance Materials & Coatings — 8 2 10 Corporate — 3 — 3 Total restructuring charges $ — $ 12 $ 10 $ 22 Charges against the reserve — (12) — (12) Cash payments (53) — (3) (56) Reserve balance at Jun 30, 2021 $ 199 $ — $ 70 $ 269 Cash payments (55) — (2) (57) Reserve balance at Sep 30, 2021 $ 144 $ — $ 68 $ 212 Restructuring charges - Corporate $ (10) $ — $ — $ (10) Cash payments (30) — (4) (34) Reserve balance at Dec 31, 2021 $ 104 $ — $ 64 $ 168 Cash payments (59) — (1) (60) Reserve balance at Mar 31, 2022 $ 45 $ — $ 63 $ 108

SUPPLEMENTARY INFORMATION (Tabl

SUPPLEMENTARY INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Sundry Income, Net	Dow Inc. Sundry Income (Expense) – Net Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Non-operating pension and other postretirement benefit plan net credits 1 $ 89 $ 75 Foreign exchange gains (losses) 2 (8) Gains on sales of other assets and investments 31 48 Indemnification and other transaction related costs 2 12 — Other - net 14 13 Total sundry income (expense) – net $ 148 $ 128 1. See Note 16 for additional information. 2. See Note 2 for additional information. TDCC Sundry Income (Expense) – Net Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Non-operating pension and other postretirement benefit plan net credits 1 $ 89 $ 75 Foreign exchange gains (losses) 2 (12) Gains on sales of other assets and investments 31 48 Other - net 14 8 Total sundry income (expense) – net $ 136 $ 119 1. See Note 16 for additional information.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
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 months ended March 31, 2022 and 2021. Earnings per share of TDCC is not presented as this information is not required in financial statements of wholly owned subsidiaries. Net Income for Earnings Per Share Calculations Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Net income $ 1,552 $ 1,006 Net income (loss) attributable to noncontrolling interests (17) 15 Net income attributable to participating securities 1 8 5 Net income attributable to common stockholders $ 1,561 $ 986 Earnings Per Share - Basic and Diluted Three Months Ended Dollars per share Mar 31, 2022 Mar 31, 2021 Earnings per common share - basic $ 2.12 $ 1.32 Earnings per common share - diluted $ 2.11 $ 1.32 Share Count Information Three Months Ended Shares in millions Mar 31, 2022 Mar 31, 2021 Weighted-average common shares outstanding - basic 734.6 744.8 Plus dilutive effect of equity compensation plans 5.2 5.0 Weighted-average common shares outstanding - diluted 739.8 749.8 Stock options and restricted stock units excluded from EPS calculations 2 6.8 5.9 1. Restricted stock units are considered participating securities due to the Company's practice of paying dividend equivalents on unvested shares. 2. These outstanding options to purchase shares of common stock and restricted stock units were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive.

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	The following table provides a breakdown of inventories: Inventories Mar 31, 2022 Dec 31, 2021 In millions Finished goods $ 4,755 $ 4,554 Work in process 1,857 1,615 Raw materials 929 822 Supplies 858 866 Total $ 8,399 $ 7,857 Adjustment of inventories to a LIFO basis (639) (485) Total inventories $ 7,760 $ 7,372

NONCONSOLIDATED AFFILIATES (Tab

NONCONSOLIDATED AFFILIATES (Tables)	3 Months Ended
	Mar. 31, 2022
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, and dividends received from nonconsolidated affiliates are shown in the following tables: Investments in Nonconsolidated Affiliates Mar 31, 2022 Dec 31, 2021 In millions Investment in nonconsolidated affiliates $ 1,821 $ 2,045 Other noncurrent obligations (103) — Net investment in nonconsolidated affiliates $ 1,718 $ 2,045 Dividends Received from Nonconsolidated Affiliates Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Dividends from nonconsolidated affiliates 1 $ 548 $ 178 1. Included in "Earnings of nonconsolidated affiliates less than (in excess of) dividends received" in the consolidated statements of cash flows.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The following table shows changes in the carrying amount of goodwill by reportable segment: Goodwill Packaging & Specialty Plastics Industrial Intermediates & Infrastructure Performance Materials & Coatings Total In millions Net goodwill at Dec 31, 2021 $ 5,105 $ 1,096 $ 2,563 $ 8,764 Foreign currency impact (2) (1) (45) (48) Net goodwill at Mar 31, 2022 $ 5,103 $ 1,095 $ 2,518 $ 8,716
Schedule of Intangible Assets and Goodwill	The following table provides information regarding the Company’s other intangible assets: Other Intangible Assets Mar 31, 2022 Dec 31, 2021 In millions Gross Carrying Amount Accum Amort Net Gross Carrying Amount Accum Amort Net Intangible assets with finite lives: Developed technology $ 2,637 $ (1,912) $ 725 $ 2,637 $ (1,871) $ 766 Software 1,372 (936) 436 1,396 (945) 451 Trademarks/tradenames 352 (344) 8 352 (344) 8 Customer-related 3,173 (1,598) 1,575 3,204 (1,565) 1,639 Total other intangible assets, finite lives $ 7,534 $ (4,790) $ 2,744 $ 7,589 $ (4,725) $ 2,864 In-process research and development 17 — 17 17 — 17 Total other intangible assets $ 7,551 $ (4,790) $ 2,761 $ 7,606 $ (4,725) $ 2,881
Schedule of amortization expense	The following table provides information regarding amortization expense related to intangible assets: Amortization Expense Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Other intangible assets, excluding software $ 88 $ 101 Software, included in “Cost of sales” $ 20 $ 22
Schedule of estimated future amortization expense	Total estimated amortization expense for 2022 and the five succeeding fiscal years, including amounts expected to be capitalized, is as follows: Estimated Amortization Expense In millions 2022 $ 419 2023 $ 385 2024 $ 365 2025 $ 274 2026 $ 200 2027 $ 169

NOTES PAYABLE, LONG-TERM DEBT_2

NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Notes Payable Mar 31, 2022 Dec 31, 2021 In millions Notes payable to banks and other lenders $ 92 $ 161 Period-end average interest rates 8.14 % 5.78 %
Schedule of Long-term Debt Instruments	Long-Term Debt 2022 Average Rate Mar 31, 2022 2021 Average Rate Dec 31, 2021 In millions Promissory notes and debentures: Final maturity 2022 8.64 % $ 121 8.64 % $ 121 Final maturity 2023 7.63 % 250 7.63 % 250 Final maturity 2025 5.63 % 333 5.63 % 333 Final maturity 2026 3.63 % 750 3.63 % 750 Final maturity 2028 and thereafter 1 5.15 % 9,363 5.15 % 9,363 Other facilities: Foreign currency notes and loans, various rates and maturities 1.17 % 2,667 1.17 % 2,730 InterNotes®, varying maturities through 2052 3.36 % 406 3.37 % 392 Finance lease obligations 2 862 869 Unamortized debt discount and issuance costs (289) (297) Long-term debt due within one year 3 (355) (231) Long-term debt $ 14,108 $ 14,280 1. Cost includes net fair value hedge adjustment gains of $47 million at March 31, 2022 and December 31, 2021. See Note 18 for additional information. 2. See Note 13 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 Mar 31, 2022 In millions 2022 $ 207 2023 $ 391 2024 $ 81 2025 $ 386 2026 $ 829 2027 $ 1,161
Schedule of Line of Credit Facilities	The following table summarizes the Company's credit facilities: Committed and Available Credit Facilities at Mar 31, 2022 In millions Committed Credit Available Credit Maturity Date Interest Five Year Competitive Advance and Revolving Credit Facility $ 5,000 $ 5,000 November 2026 Floating rate Bilateral Revolving Credit Facility 100 100 June 2022 Floating rate Bilateral Revolving Credit Facility 200 200 September 2022 Floating rate Bilateral Revolving Credit Facility 200 200 November 2022 Floating rate Bilateral Revolving Credit Facility 200 200 September 2023 Floating rate Bilateral Revolving Credit Facility 250 250 September 2023 Floating rate Bilateral Revolving Credit Facility 300 300 September 2023 Floating rate Bilateral Revolving Credit Facility 300 300 December 2023 Floating rate Bilateral Revolving Credit Facility 300 300 December 2023 Floating rate Bilateral Revolving Credit Facility 100 100 October 2024 Floating rate Bilateral Revolving Credit Facility 200 200 November 2024 Floating rate Bilateral Revolving Credit Facility 100 100 March 2025 Floating rate Bilateral Revolving Credit Facility 250 250 March 2025 Floating rate Bilateral Revolving Credit Facility 350 350 March 2025 Floating rate Bilateral Revolving Credit Facility 100 100 March 2025 Floating rate Bilateral Revolving Credit Facility 100 100 March 2025 Floating rate Bilateral Revolving Credit Facility 100 100 March 2026 Floating rate Bilateral Revolving Credit Facility 100 100 October 2026 Floating rate Bilateral Revolving Credit Facility 150 150 November 2026 Floating rate Total committed and available credit facilities $ 8,400 $ 8,400

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Table of Guarantees by Type	The following table provides a summary of the final expiration, maximum future payments and recorded liability included in the consolidated balance sheets for guarantees: Guarantees Mar 31, 2022 Dec 31, 2021 In millions Final Maximum Future Payments 1 Recorded Liability Final Maximum Future Payments 1 Recorded Liability Guarantees 2038 $ 1,377 $ 216 2038 $ 1,273 $ 220 1. In addition, TDCC has provided guarantees, in proportion to the Company's 35 percent ownership interest, of all future interest payments that will become due on Sadara’s project financing debt during the grace period, which Dow's share is estimated to be $496 million at March 31, 2022 ($446 million at December 31, 2021). Based on Sadara's current forecasted cash flows, the Company does not expect to be required to perform under the guarantees.

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Guarantor Obligations [Line Items]
Lease, Cost	The components of lease cost for operating and finance leases for the three months ended March 31, 2022 and 2021 were as follows: Lease Cost Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Operating lease cost $ 97 $ 121 Finance lease cost Amortization of right-of-use assets - finance $ 26 $ 15 Interest on lease liabilities - finance 8 7 Total finance lease cost $ 34 $ 22 Short-term lease cost 59 49 Variable lease cost 115 71 Sublease income (3) (2) Total lease cost $ 302 $ 261
Schedule of Supplemental Cash Flow Information Related to Leases	The following table provides supplemental cash flow and other information related to leases: Other Lease Information Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 101 $ 127 Operating cash flows for finance leases $ 8 $ 7 Financing cash flows for finance leases $ 22 $ 11 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 16 $ 35 Finance leases $ 17 $ 57
Schedule of Lease Assets and Liabilities	The following table summarizes the lease-related assets and liabilities recorded in the consolidated balance sheets at March 31, 2022 and December 31, 2021: Lease Position Balance Sheet Classification Mar 31, 2022 Dec 31, 2021 In millions Assets Operating lease assets Operating lease right-of-use assets $ 1,339 $ 1,412 Finance lease assets Property 1,174 1,158 Finance lease amortization Accumulated depreciation (393) (368) Total lease assets $ 2,120 $ 2,202 Liabilities Current Operating Operating lease liabilities - current $ 306 $ 314 Finance Long-term debt due within one year 110 106 Noncurrent Operating Operating lease liabilities - noncurrent 1,092 1,149 Finance Long-Term Debt 752 763 Total lease liabilities $ 2,260 $ 2,332
Lease Terms and Discount Rates	The weighted-average remaining lease term and discount rate for leases recorded in the consolidated balance sheets at March 31, 2022 and December 31, 2021 are provided below: Lease Term and Discount Rate Mar 31, 2022 Dec 31, 2021 Weighted-average remaining lease term Operating leases 7.8 years 7.9 years Finance leases 11.5 years 11.8 years Weighted-average discount rate Operating leases 3.82 % 3.72 % Finance leases 4.16 % 4.17 %
Maturities of Lease Liabilities	The following table provides the maturities of lease liabilities at March 31, 2022: Maturities of Lease Liabilities Mar 31, 2022 In millions Operating Leases Finance Leases 2022 $ 267 $ 108 2023 286 167 2024 221 106 2025 179 76 2026 144 70 2027 and thereafter 569 556 Total future undiscounted lease payments $ 1,666 $ 1,083 Less: Imputed interest 268 221 Total present value of lease liabilities $ 1,398 $ 862
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: Guarantees Mar 31, 2022 Dec 31, 2021 In millions Final Maximum Future Payments 1 Recorded Liability Final Maximum Future Payments 1 Recorded Liability Guarantees 2038 $ 1,377 $ 216 2038 $ 1,273 $ 220 1. In addition, TDCC has provided guarantees, in proportion to the Company's 35 percent ownership interest, of all future interest payments that will become due on Sadara’s project financing debt during the grace period, which Dow's share is estimated to be $496 million at March 31, 2022 ($446 million at December 31, 2021). Based on Sadara's current forecasted cash flows, the Company does not expect to be required to perform under the guarantees.
Residual Value Guarantees [Member]
Guarantor Obligations [Line Items]
Schedule of Guarantor Obligations	Lease Guarantees Mar 31, 2022 Dec 31, 2021 In millions Final Expiration Maximum Future Payments Recorded Liability Final Expiration Maximum Future Payments Recorded Liability Residual value guarantees 2031 $ 275 $ — 2031 $ 280 $ —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	The changes in each component of accumulated other comprehensive loss ("AOCL") for the three months ended March 31, 2022 and 2021 were as follows: Accumulated Other Comprehensive Loss Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Unrealized Gains (Losses) on Investments Beginning balance $ 59 $ 104 Unrealized gains (losses) on investments (121) (54) Tax (expense) benefit 24 11 Net unrealized gains (losses) on investments (97) (43) (Gains) losses reclassified from AOCL to net income 1 1 (8) Tax expense (benefit) 2 — 2 Net (gains) losses reclassified from AOCL to net income 1 (6) Other comprehensive income (loss), net of tax (96) (49) Ending balance $ (37) $ 55 Cumulative Translation Adjustment Beginning balance $ (1,355) $ (930) Gains (losses) on foreign currency translation (165) (217) Tax (expense) benefit 13 (36) Net gains (losses) on foreign currency translation (152) (253) (Gains) losses reclassified from AOCL to net income 3 (12) — Other comprehensive income (loss), net of tax (164) (253) Ending balance $ (1,519) $ (1,183) Pension and Other Postretirement Benefits Beginning balance $ (7,334) $ (9,559) Gains (losses) arising during the period 4 2 1,268 Tax (expense) benefit — (298) Net gains (losses) arising during the period 2 970 Amortization of net loss and prior service credits reclassified from AOCL to net income 5 157 198 Tax expense (benefit) 2 (50) (34) Net loss and prior service credits reclassified from AOCL to net income 107 164 Other comprehensive income (loss), net of tax 109 1,134 Ending balance $ (7,225) $ (8,425) Derivative Instruments Beginning balance $ (347) $ (470) Gains (losses) on derivative instruments 420 122 Tax (expense) benefit (56) (9) Net gains (losses) on derivative instruments 364 113 (Gains) losses reclassified from AOCL to net income 6 (34) (3) Tax expense (benefit) 2 2 — Net (gains) losses reclassified from AOCL to net income (32) (3) Other comprehensive income (loss), net of tax 332 110 Ending balance $ (15) $ (360) Total AOCL ending balance $ (8,796) $ (9,913) 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. The 2021 impact relates to an interim remeasurement of U.S. pension plans due to the announced freeze of plan benefits in the first quarter of 2021. 5. These AOCL components are included in the computation of net periodic benefit cost of the Company's defined benefit pension and other postretirement benefit plans. See Note 16 for additional information. 6. Reclassified to "Cost of sales," "Sundry income (expense) - net" and "Interest expense and amortization of debt discount."

NONCONTROLLING INTERESTS Nonc_2

NONCONTROLLING INTERESTS Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2022
Noncontrolling Interest [Abstract]
Noncontrolling Interests [Table Text Block]	The following table summarizes the activity for equity attributable to noncontrolling interests for the three months ended March 31, 2022 and 2021: Noncontrolling Interests Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Balance at beginning of period $ 574 $ 570 Net income (loss) attributable to noncontrolling interests 1 (17) 15 Distributions to noncontrolling interests (1) (8) Cumulative translation adjustments (11) (16) Other — (1) Balance at end of period $ 545 $ 560

PENSION PLANS AND OTHER POSTR_2

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Tables)	3 Months Ended
	Mar. 31, 2022
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 for all significant plans: Net Periodic Benefit Cost for All Significant Plans Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Defined Benefit Pension Plans Service cost $ 99 $ 102 Interest cost 171 143 Expected return on plan assets (424) (422) Amortization of prior service credit (6) (5) Amortization of net loss 167 224 Curtailment gain — (19) Net periodic benefit cost $ 7 $ 23 Other Postretirement Benefit Plans Service cost $ 1 $ 2 Interest cost 7 6 Amortization of net gain (4) (2) Net periodic benefit cost $ 4 $ 6

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Fair Value of Financial Instruments	The following table summarizes the fair value of financial instruments at March 31, 2022 and December 31, 2021: Fair Value of Financial Instruments Mar 31, 2022 Dec 31, 2021 In millions Cost Gain Loss Fair Value Cost Gain Loss Fair Value Cash equivalents: Held-to-maturity securities 1 $ 377 $ — $ — $ 377 $ 317 $ — $ — $ 317 Money market funds 580 — — 580 489 — — 489 Total cash equivalents $ 957 $ — $ — $ 957 $ 806 $ — $ — $ 806 Marketable securities 2 $ 238 $ 4 $ — $ 242 $ 237 $ 8 $ — $ 245 Other investments: Debt securities: Government debt 3 $ 734 $ 5 $ (64) $ 675 $ 746 $ 17 $ (28) $ 735 Corporate bonds 1,270 51 (50) 1,271 1,251 93 (20) 1,324 Total debt securities $ 2,004 $ 56 $ (114) $ 1,946 $ 1,997 $ 110 $ (48) $ 2,059 Equity securities 4 5 11 — 16 7 13 — 20 Total other investments $ 2,009 $ 67 $ (114) $ 1,962 $ 2,004 $ 123 $ (48) $ 2,079 Total cash equivalents, marketable securities and other investments $ 3,204 $ 71 $ (114) $ 3,161 $ 3,047 $ 131 $ (48) $ 3,130 Long-term debt including debt due within one year 5 $ (14,463) $ 567 $ (1,424) $ (15,320) $ (14,511) $ 27 $ (2,641) $ (17,125) Derivatives relating to: Interest rates 6 $ — $ 27 $ (13) $ 14 $ — $ 1 $ (140) $ (139) Foreign currency — 64 (64) — — 46 (18) 28 Commodities 6 — 331 (135) 196 — 142 (92) 50 Total derivatives $ — $ 422 $ (212) $ 210 $ — $ 189 $ (250) $ (61) 1. The Company's held-to-maturity securities primarily included treasury bills and time deposits. 2. The Company’s investments in marketable securities are included in “Other current assets” in the consolidated balance sheets. 3. U.S. Treasury obligations, U.S. agency obligations, U.S. agency mortgage-backed securities and other municipalities’ obligations. 4. Equity securities with a readily determinable fair value. 5. Cost includes fair value hedge adjustment gains of $47 million at March 31, 2022 and December 31, 2021 on $2,279 million of debt at March 31, 2022 and December 31, 2021. 6. Presented net of cash collateral where master netting arrangements allow.
Investing Results	The following table provides the investing results from available-for-sale securities for the three months ended March 31, 2022 and 2021: Investing Results Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Proceeds from sales of available-for-sale securities $ 113 $ 187 Gross realized gains $ 12 $ 13 Gross realized losses $ (13) $ (5)
Contractual Maturities of Debt Securities	The following table summarizes the contractual maturities of the Company's investments in debt securities: Contractual Maturities of Debt Securities at Mar 31, 2022 1 Cost Fair Value In millions Within one year $ 46 $ 46 One to five years 695 701 Six to ten years 730 686 After ten years 533 513 Total $ 2,004 $ 1,946 1. Includes marketable securities with maturities of less than one year.
Equity Securities with and without Readily Determinable Fair Value	Investments in Equity Securities Mar 31, 2022 Dec 31, 2021 In millions Readily determinable fair value $ 16 $ 20 Not readily determinable fair value $ 208 $ 209
Schedule of Notional Amounts of Outstanding Derivative Positions	The notional amounts of the Company's derivative instruments presented on a net basis at March 31, 2022 and December 31, 2021 were as follows: Notional Amounts - Net Mar 31, 2022 Dec 31, 2021 In millions Derivatives designated as hedging instruments: Interest rate contracts $ 3,000 $ 3,000 Foreign currency contracts $ 6,502 $ 5,300 Derivatives not designated as hedging instruments: Interest rate contracts $ 7 $ 36 Foreign currency contracts $ 13,492 $ 8,234 The notional amounts of the Company's commodity derivatives presented on a net basis at March 31, 2022 and December 31, 2021 were as follows: Commodity Notionals - Net Mar 31, 2022 Dec 31, 2021 Notional Volume Unit Derivatives designated as hedging instruments: Hydrocarbon derivatives 8.5 9.7 million barrels of oil equivalent Derivatives not designated as hedging instruments: Hydrocarbon derivatives 0.7 0.1 million barrels of oil equivalent Power derivatives — 3.3 thousands of megawatt hours
Schedule of Derivative Instruments	Maturity Dates of Derivatives Designated as Hedging Instruments Year Interest rate contracts 2023 Foreign currency contracts 2023 Commodity contracts 2026
Schedule of Fair Values of Derivative Instruments	The following tables provide the fair value and balance sheet classification of derivative instruments at March 31, 2022 and December 31, 2021: Fair Value of Derivative Instruments Mar 31, 2022 In millions Balance Sheet Classification Gross Counterparty and Cash Collateral Netting 1 Net Amounts Included in the Consolidated Balance Sheets Asset derivatives Derivatives designated as hedging instruments: Interest rate contracts Other current assets $ 33 $ (25) $ 8 Interest rate contracts Deferred charges and other assets 237 (218) 19 Foreign currency contracts Other current assets 228 (171) 57 Commodity contracts Other current assets 507 (213) 294 Commodity contracts Deferred charges and other assets 19 — 19 Total $ 1,024 $ (627) $ 397 Derivatives not designated as hedging instruments: Foreign currency contracts Other current assets $ 38 $ (31) $ 7 Commodity contracts Other current assets 53 (35) 18 Total $ 91 $ (66) $ 25 Total asset derivatives $ 1,115 $ (693) $ 422 Liability derivatives Derivatives designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 25 $ (25) $ — Interest rate contracts Other noncurrent obligations 219 (218) 1 Foreign currency contracts Accrued and other current liabilities 172 (171) 1 Commodity contracts Accrued and other current liabilities 330 (230) 100 Total $ 746 $ (644) $ 102 Derivatives not designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 12 $ — $ 12 Foreign currency contracts Accrued and other current liabilities 94 (31) 63 Commodity contracts Accrued and other current liabilities 91 (56) 35 Total $ 197 $ (87) $ 110 Total liability derivatives $ 943 $ (731) $ 212 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. Fair Value of Derivative Instruments Dec 31, 2021 In millions Balance Sheet Classification Gross Counterparty and Cash Collateral Netting 1 Net Amounts Included in the Consolidated Balance Sheets Asset derivatives Derivatives designated as hedging instruments: Interest rate contracts Other current assets $ 14 $ (14) $ — Interest rate contracts Deferred charges and other assets 130 (130) — Foreign currency contracts Other current assets 24 (13) 11 Foreign currency contracts Deferred charges and other assets 117 (89) 28 Commodity contracts Other current assets 305 (173) 132 Commodity contracts Deferred charges and other assets 9 (2) 7 Total $ 599 $ (421) $ 178 Derivatives not designated as hedging instruments: Interest rate contracts Other current assets $ 1 $ — $ 1 Foreign currency contracts Other current assets 23 (16) 7 Foreign currency contracts Deferred charges and other assets 1 (1) — Commodity contracts Other current assets 8 (5) 3 Total $ 33 $ (22) $ 11 Total asset derivatives $ 632 $ (443) $ 189 Liability derivatives Derivatives designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 33 $ (14) $ 19 Interest rate contracts Other noncurrent obligations 192 (130) 62 Foreign currency contracts Accrued and other current liabilities 15 (13) 2 Foreign currency contracts Other noncurrent obligations 90 (89) 1 Commodity contracts Accrued and other current liabilities 267 (192) 75 Commodity contracts Other noncurrent obligations 2 (2) — Total $ 599 $ (440) $ 159 Derivatives not designated as hedging instruments: Interest rate contracts Accrued and other current liabilities $ 59 $ — $ 59 Foreign currency contracts Accrued and other current liabilities 31 (16) 15 Foreign currency contracts Other noncurrent obligations 1 (1) — Commodity contracts Accrued and other current liabilities 25 (8) 17 Total $ 116 $ (25) $ 91 Total liability derivatives $ 715 $ (465) $ 250
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, 2022 and 2021: Effect of Derivative Instruments Amount of gain (loss) recognized in OCI 1 Amount of gain (loss) recognized in income 2 Income Statement Classification Three Months Ended Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Derivatives designated as hedging Fair value hedges: Interest rate contracts $ — $ — $ — $ (25) Interest expense and amortization of debt discount 3 Excluded components 4 — 2 — — Interest expense and amortization of debt discount Cash flow hedges: Interest rate contracts 99 — (3) (3) Interest expense and amortization of debt discount Foreign currency contracts 2 5 3 (8) Cost of sales Commodity contracts 207 65 34 13 Cost of sales Net foreign investment hedges: Foreign currency contracts (2) 10 — — Excluded components 4 29 5 12 1 Sundry income (expense) - net Total derivatives designated as hedging instruments $ 335 $ 87 $ 46 $ (22) Derivatives not designated as hedging instruments: Interest rate contracts $ — $ — $ (1) $ (2) Interest expense and amortization of debt discount Foreign currency contracts — — (85) (113) Sundry income (expense) - net Commodity contracts — — 22 (30) Cost of sales Total derivatives not designated as $ — $ — $ (64) $ (145) Total derivatives $ 335 $ 87 $ (18) $ (167) 1. OCI is defined as other comprehensive income (loss). 2. Pretax amounts. 3. Gain (loss) recognized in income of derivatives is offset by gain (loss) recognized in income of hedged item. 4. The excluded components are related to the time value of the derivatives designated as hedges.
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 gains and (losses) expected to be reclassified from AOCL to income within the next 12 months: Expected Reclassifications from AOCL within the next 12 months Mar 31, 2022 In millions Cash flow hedges: Interest rate contracts $ (8) Commodity contracts $ (217) Foreign currency contracts $ 8 Net foreign investment hedges: Excluded components $ 40

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
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: Basis of Fair Value Measurements on a Recurring Basis Mar 31, 2022 Dec 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total In millions Assets at fair value: Cash equivalents: Held-to-maturity securities 1 $ — $ 377 $ — $ 377 $ — $ 317 $ — $ 317 Money market funds — 580 — 580 — 489 — 489 Marketable securities 2 — 242 — 242 — 245 — 245 Equity securities 3 16 — — 16 20 — — 20 Debt securities: 3 Government debt 4 — 675 — 675 — 735 — 735 Corporate bonds 37 1,234 — 1,271 44 1,280 — 1,324 Derivatives relating to: 5 Interest rates — 270 — 270 — 145 — 145 Foreign currency — 266 — 266 — 165 — 165 Commodities 13 566 — 579 15 307 — 322 Total assets at fair value $ 66 $ 4,210 $ — $ 4,276 $ 79 $ 3,683 $ — $ 3,762 Liabilities at fair value: Long-term debt including debt due within one year 6 $ — $ 15,320 $ — $ 15,320 $ — $ 17,125 $ — $ 17,125 Guarantee liability 7 — — 215 215 — — 220 220 Derivatives relating to: 5 Interest rates — 256 — 256 — 284 — 284 Foreign currency — 266 — 266 — 137 — 137 Commodities 45 376 — 421 37 257 — 294 Total liabilities at fair value $ 45 $ 16,218 $ 215 $ 16,478 $ 37 $ 17,803 $ 220 $ 18,060 1. The Company's held-to-maturity securities primarily included treasury bills and time deposits. 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. See Note 18 for the classification of derivatives in the consolidated balance sheets. 6. See Note 18 for information on fair value measurements of long-term debt. 7. Estimated liability for TDCC's guarantee of Sadara's debt which is included in "Other noncurrent obligations" in the consolidated balance sheets. See Note 12 for additional information.

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2022
Variable Interest Entity, Primary Beneficiary [Member]
Schedule of Variable Interest Entities [Table Text Block]	The following table summarizes the carrying amounts of these entities' assets and liabilities included in the Company’s consolidated balance sheets at March 31, 2022 and December 31, 2021: Assets and Liabilities of Consolidated VIEs Mar 31, 2022 Dec 31, 2021 In millions Cash and cash equivalents $ 48 $ 40 Other current assets 38 40 Net property 181 184 Other noncurrent assets 15 15 Total assets 1 $ 282 $ 279 Current liabilities $ 34 $ 37 Long-term debt 2 3 Other noncurrent obligations 13 13 Total liabilities 2 $ 49 $ 53 1. All assets were restricted at March 31, 2022 and December 31, 2021. 2. All liabilities were nonrecourse at March 31, 2022 and December 31, 2021.
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Variable Interest Entities [Table Text Block]	The following table summarizes the carrying amounts of assets included in the consolidated balance sheets at March 31, 2022 and December 31, 2021, related to variable interests in joint ventures or entities for which the Company is not the primary beneficiary. The Company's maximum exposure to loss is the same as the carrying amounts. Carrying Amounts of Assets Related to Nonconsolidated VIEs Mar 31, 2022 Dec 31, 2021 In millions Description of asset Silicon joint ventures Equity method investments 1 $ 113 $ 110 1. Included in "Investment in nonconsolidated affiliates" in the consolidated balance sheets.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Dividends Declared	The following table summarizes cash dividends TDCC declared and paid to Dow Inc. for the three months ended March 31, 2022 and 2021: TDCC Cash Dividends Declared and Paid Three Months Ended Mar 31, 2022 Mar 31, 2021 In millions Cash dividends declared and paid $ 1,121 $ 703

SEGMENTS AND GEOGRAPHIC REGIO_2

SEGMENTS AND GEOGRAPHIC REGIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Segment Information Pack. & Spec. Plastics Ind. Interm. & Infrast. Perf. Materials & Coatings Corp. Total In millions Three months ended Mar 31, 2022 Net sales $ 7,627 $ 4,524 $ 3,049 $ 64 $ 15,264 Equity in earnings (losses) of nonconsolidated affiliates $ 110 $ 62 $ 3 $ (1) $ 174 Dow Inc. Operating EBIT 1 $ 1,234 $ 661 $ 595 $ (71) $ 2,419 Three months ended Mar 31, 2021 Net sales $ 6,082 $ 3,607 $ 2,123 $ 70 $ 11,882 Equity in earnings of nonconsolidated affiliates $ 106 $ 115 $ 2 $ 1 $ 224 Dow Inc. Operating EBIT 1 $ 1,228 $ 326 $ 62 $ (62) $ 1,554 1. Operating EBIT for TDCC for the three months ended March 31, 2022 and 2021 is substantially the same as that of Dow Inc. and therefore has not been disclosed separately in the table above. A reconciliation of "Net income" to Operating EBIT is provided in the following table.
Reconciliation of income from continuing operations, net of tax to Operating EBIT [Table Text Block]	Reconciliation of "Net income" to Operating EBIT Three Months Ended In millions Mar 31, 2022 Mar 31, 2021 Net income $ 1,552 $ 1,006 + Provision for income taxes 503 317 Income before income taxes $ 2,055 $ 1,323 - Interest income 28 8 + Interest expense and amortization of debt discount 167 196 - Significant items (225) (43) Operating EBIT $ 2,419 $ 1,554
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, 2022 Pack. & Spec. Plastics Ind. Interm. & Infrast. Perf. Mat. & Coatings Corp. Total In millions Digitalization program costs 1 $ — $ — $ — $ (41) $ (41) Restructuring, implementation costs and asset related charges - net 2 — — — (10) (10) Russia / Ukraine conflict charges 3 (31) (109) (16) (30) (186) Indemnification and other transaction related costs 4 — — — 12 12 Total $ (31) $ (109) $ (16) $ (69) $ (225) 1. Includes costs associated with implementing the Company's Digital Acceleration program. 2. Includes costs associated with implementing the Company's 2020 Restructuring Program. 3. Asset related charges due to the Russia and Ukraine conflict. See Note 4 for additional information. 4. Primarily related to charges associated with agreements entered into with DuPont de Nemours, Inc. and Corteva Inc. 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. See Note 2 for additional information. Significant Items by Segment Three Months Ended Mar 31, 2021 Pack. & Spec. Plastics Ind. Interm. & Infrast. Perf. Mat. & Coatings Corp. Total In millions Digitalization program costs 1 $ — $ — $ — $ (33) $ (33) Restructuring, implementation costs and asset related charges - net 2 — — — (10) (10) Total $ — $ — $ — $ (43) $ (43) 1. Includes costs associated with implementing the Company's Digital Acceleration program. 2. Includes costs associated with implementing the Company's 2020 Restructuring Program.

SEPARATION FROM DOWDUPONT Sep_2

SEPARATION FROM DOWDUPONT Separation, Distribution and Tax Agreements (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Other Current Assets [Member]
Indemnification Asset	$ 25	$ 0
Other noncurrent assets
Indemnification Asset	2	20
Accrued and Other Current Liabilities [Member]
Indemnification liability	136	148
Deferred cash contribution	15	15
Other Noncurrent Obligations [Member]
Indemnification liability	37	39
Deferred cash contribution	$ 96	$ 96

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Revenue from External Customer [Line Items]
Revenue, Percentage from Products and Service Transferred to Customers	99.00%	98.00%
Revenue, Remaining Performance Obligation, Amount	$ 869		$ 829
Revenues	15,264	$ 11,882
Contract with Customer, Liability, Revenue Recognized	65	40
Accounts and notes receivable - Trade	7,423		6,841
Contract assets - current	36		34
Contract assets - noncurrent	24		26
Contract liabilities - current	181		209
Contract liabilities - noncurrent	1,922		1,925
The Dow Chemical Company
Revenue from External Customer [Line Items]
Accounts and notes receivable - Trade	7,423		$ 6,841
U.S. & Canada
Revenue from External Customer [Line Items]
Revenues	5,537	4,028
EMEAI 1
Revenue from External Customer [Line Items]
Revenues	5,512	4,329
Asia Pacific
Revenue from External Customer [Line Items]
Revenues	2,753	2,365
Latin America
Revenue from External Customer [Line Items]
Revenues	$ 1,462	1,160
Maximum [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	18 years
Packaging & Specialty Plastics [Member]
Revenue from External Customer [Line Items]
Revenues	$ 7,627	6,082
Packaging & Specialty Plastics [Member] | Hydrocarbons & Energy [Member]
Revenue from External Customer [Line Items]
Revenues	2,416	1,751
Packaging & Specialty Plastics [Member] | Packaging and Specialty Plastics [Member]
Revenue from External Customer [Line Items]
Revenues	5,211	4,331
Industrial Intermediates & Infrastructure [Member]
Revenue from External Customer [Line Items]
Revenues	4,524	3,607
Industrial Intermediates & Infrastructure [Member] | Industrial Solutions [Member]
Revenue from External Customer [Line Items]
Revenues	1,515	1,049
Industrial Intermediates & Infrastructure [Member] | Polyurethanes & CAV [Member]
Revenue from External Customer [Line Items]
Revenues	3,005	2,556
Industrial Intermediates & Infrastructure [Member] | Other [Member]
Revenue from External Customer [Line Items]
Revenues	4	2
Performance Materials & Coatings [Member]
Revenue from External Customer [Line Items]
Revenues	3,049	2,123
Performance Materials & Coatings [Member] | Coatings and Performance Monomers [Member]
Revenue from External Customer [Line Items]
Revenues	1,075	855
Performance Materials & Coatings [Member] | Consumer Solutions [Member]
Revenue from External Customer [Line Items]
Revenues	1,974	1,268
Corporate Segment [Member]
Revenue from External Customer [Line Items]
Revenues	$ 64	$ 70

Restructuring and related act_2

Restructuring and related activities (2020 Restructuring Program) (Details) - USD ($) $ in Millions	3 Months Ended					19 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2022	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 10				$ 10
Packaging & Specialty Plastics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0				0
Industrial Intermediates & Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0				0
Performance Materials & Coatings [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0				0
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	10				10
2020 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				$ 22
Restructuring Charges						$ 585
Restructuring Reserve, Settled without Cash				(12)
Payments for Restructuring	60	$ 34	$ 57	56	49
Restructuring Reserve	108	168	212	269	315	108	$ 364
2020 Restructuring Program [Member] | Accrued and Other Current Liabilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	53	112				53
2020 Restructuring Program [Member] | Other Noncurrent Obligations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	55	56				55
2020 Restructuring Program [Member] | Packaging & Specialty Plastics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				8
2020 Restructuring Program [Member] | Industrial Intermediates & Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				1
2020 Restructuring Program [Member] | Performance Materials & Coatings [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				10
2020 Restructuring Program [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net		(10)		3
Employee Severance [Member] | 2020 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				0
Restructuring Charges						287
Restructuring Reserve, Settled without Cash				0
Payments for Restructuring	59	30	55	53	37
Restructuring Reserve	45	104	144	199	252	45	289
Employee Severance [Member] | 2020 Restructuring Program [Member] | Packaging & Specialty Plastics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				0
Employee Severance [Member] | 2020 Restructuring Program [Member] | Industrial Intermediates & Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				0
Employee Severance [Member] | 2020 Restructuring Program [Member] | Performance Materials & Coatings [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				0
Employee Severance [Member] | 2020 Restructuring Program [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net		(10)		0
Asset write-downs and write-offs [Member] | 2020 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				12
Restructuring Charges						208
Restructuring Reserve, Settled without Cash				(12)
Payments for Restructuring	0	0	0	0	0
Restructuring Reserve	0	0	0	0	0	0	0
Asset write-downs and write-offs [Member] | 2020 Restructuring Program [Member] | Packaging & Specialty Plastics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				0
Asset write-downs and write-offs [Member] | 2020 Restructuring Program [Member] | Industrial Intermediates & Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				1
Asset write-downs and write-offs [Member] | 2020 Restructuring Program [Member] | Performance Materials & Coatings [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				8
Asset write-downs and write-offs [Member] | 2020 Restructuring Program [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net		0		3
Costs Associated with Exit and Disposal Activities [Member] | 2020 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				10
Restructuring Charges						90
Restructuring Reserve, Settled without Cash				0
Payments for Restructuring	1	4	2	3	12
Restructuring Reserve	$ 63	64	$ 68	70	$ 63	$ 63	$ 75
Costs Associated with Exit and Disposal Activities [Member] | 2020 Restructuring Program [Member] | Packaging & Specialty Plastics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				8
Costs Associated with Exit and Disposal Activities [Member] | 2020 Restructuring Program [Member] | Industrial Intermediates & Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				0
Costs Associated with Exit and Disposal Activities [Member] | 2020 Restructuring Program [Member] | Performance Materials & Coatings [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net				2
Costs Associated with Exit and Disposal Activities [Member] | 2020 Restructuring Program [Member] | Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and asset related charges - net		$ 0		$ 0

Restructuring and Related Act_3

Restructuring and Related Activities (Asset Related Charges) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	$ 186
Restructuring and Asset Related Charges - Net
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	186
Packaging & Specialty Plastics [Member]
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	31
Packaging & Specialty Plastics [Member] | Restructuring and Asset Related Charges - Net
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	31
Industrial Intermediates & Infrastructure [Member]
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	109
Industrial Intermediates & Infrastructure [Member] | Restructuring and Asset Related Charges - Net
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	109
Performance Materials & Coatings [Member]
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	16
Performance Materials & Coatings [Member] | Restructuring and Asset Related Charges - Net
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	16
Corporate Segment [Member]
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	30
Corporate Segment [Member] | Restructuring and Asset Related Charges - Net
Restructuring Cost and Reserve [Line Items]
Russia and Ukraine Conflict Asset Related Charges	$ 30

Summary of Sundry Income (Expen

Summary of Sundry Income (Expense) - Net (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Charges related to separation, distribution and tax matters agreements	$ (12)
Sundry income (expense) - net	148	$ 128
Nonoperating Income (Expense)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	89	75
Foreign Currency Transaction Gain (Loss), before Tax	2	(8)
Gain (Loss) on Disposition of Other Assets	31	48
Charges related to separation, distribution and tax matters agreements	12	0
Other Nonoperating Income (Expense)	14	13
Sundry income (expense) - net	148	128
The Dow Chemical Company
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	89	75
Foreign Currency Transaction Gain (Loss), before Tax	2	(12)
Gain (Loss) on Disposition of Other Assets	31	48
Other Nonoperating Income (Expense)	14	8
Sundry income (expense) - net	$ 136	$ 119

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net income	$ 1,552	$ 1,006
Net income (loss) attributable to noncontrolling interests	(17)	15
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	8	5
Net Income (Loss) Available to Common Stockholders, Basic	$ 1,561	$ 986
Earnings Per Share, Basic	$ 2.12	$ 1.32
Earnings Per Share, Diluted	$ 2.11	$ 1.32
Weighted-average common shares outstanding - basic	734.6	744.8
Dilutive effect of equity compensation plans	5.2	5
Weighted-average common shares outstanding - diluted	739.8	749.8
Stock options and restricted stock units excluded from EPS calculations	6.8	5.9

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 4,755	$ 4,554
Work in process	1,857	1,615
Raw materials	929	822
Supplies	858	866
Total	8,399	7,857
Adjustment of inventories to a LIFO basis	(639)	(485)
Total inventories	$ 7,760	$ 7,372

NONCONSOLIDATED AFFILIATES (Det

NONCONSOLIDATED AFFILIATES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Investment in nonconsolidated affiliates	$ 1,821		$ 2,045
Equity Method Investment, Liability, Noncurrent	103		0
Equity Method Investment, Net of Investment Liabilities	1,718		2,045
Proceeds from Equity Method Investment, Distribution	548	$ 178
EQUATE Petrochemical Company Ksc [Member]
Schedule of Equity Method Investments [Line Items]
Investment in nonconsolidated affiliates			$ 115
Equity Method Investment, Liability, Noncurrent	103
Proceeds from Equity Method Investment, Distribution	$ 318	$ 79

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Goodwill (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill	$ 8,716	$ 8,764
Goodwill, Foreign Currency Translation Gain (Loss)	(48)
Packaging & Specialty Plastics [Member]
Goodwill [Line Items]
Goodwill	5,103	5,105
Goodwill, Foreign Currency Translation Gain (Loss)	(2)
Industrial Intermediates & Infrastructure [Member]
Goodwill [Line Items]
Goodwill	1,095	1,096
Goodwill, Foreign Currency Translation Gain (Loss)	(1)
Performance Materials & Coatings [Member]
Goodwill [Line Items]
Goodwill	2,518	$ 2,563
Goodwill, Foreign Currency Translation Gain (Loss)	$ (45)

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Other Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 7,534	$ 7,589
Finite-Lived Intangible Assets, Accumulated Amortization	(4,790)	(4,725)
Finite-Lived Intangible Assets, Net	2,744	2,864
Intangible Assets, Gross (Excluding Goodwill)	7,551	7,606
Other intangible assets	2,761	2,881
In-process research and development
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	17	17
Indefinite Lived Intangible Assets (Excluding Goodwill), Accumulated Amortization	0	0
Developed technology
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,637	2,637
Finite-Lived Intangible Assets, Accumulated Amortization	(1,912)	(1,871)
Finite-Lived Intangible Assets, Net	725	766
Software
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,372	1,396
Finite-Lived Intangible Assets, Accumulated Amortization	(936)	(945)
Finite-Lived Intangible Assets, Net	436	451
Trademarks/tradenames
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	352	352
Finite-Lived Intangible Assets, Accumulated Amortization	(344)	(344)
Finite-Lived Intangible Assets, Net	8	8
Customer-related
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	3,173	3,204
Finite-Lived Intangible Assets, Accumulated Amortization	(1,598)	(1,565)
Finite-Lived Intangible Assets, Net	$ 1,575	$ 1,639

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 88	$ 101
Other intangible assets, excluding software
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	88	101
Software
Finite-Lived Intangible Assets [Line Items]
Amortization of intangibles	$ 20	$ 22

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Future Amortization Expense (Details) $ in Millions	Mar. 31, 2022USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 419
2022	385
2023	365
2024	274
2025	200
2026	$ 169

TRANSFERS OF FINANCIAL ASSETS (

TRANSFERS OF FINANCIAL ASSETS (Details) € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2022EUR (€)
Accounts Receivable Facility, U.S.
Trade Accounts Receivable Eligible for Sale	$ 900
Accounts Receivable Facility, Europe [Member]
Trade Accounts Receivable Eligible for Sale | €			€ 500
Accounts Receivable Facility, U.S. and Europe
Cash Flows Between Transferor and Transferee, Proceeds from New Transfers	$ 250	$ 0

NOTES PAYABLE, LONG-TERM DEBT_3

NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES Notes Payable (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Short-term Debt [Line Items]
Period-end average interest rates	8.14%	5.78%
Notes Payable to Banks [Member]
Short-term Debt [Line Items]
Short-term Debt	$ 92	$ 161

NOTES PAYABLE, LONG-TERM DEBT_4

NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES Long-Term Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Finance lease obligations 2	$ 862
Unamortized debt discount and issuance costs	(289)	$ (297)
Long-term debt due within one year 3	(355)	(231)
Long-Term Debt	14,108	14,280
Long Term Debt, Accumulated Fair Value Adjustment	47	$ 47
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	207
Long-Term Debt, Maturity, Year One	391
Long-term Debt, Maturities, Repayments of Principal in Year Two	81
Long-term Debt, Maturities, Repayments of Principal in Year Three	386
Long-term Debt, Maturities, Repayments of Principal in Year Four	829
Long-term Debt, Maturities, Repayments of Principal in Year Five	1,161
InterNotes redeemed [Member]
Debt Instrument [Line Items]
Notes Issued	$ 16
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Current Year [Member]
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time	8.64%	8.64%
Long-term Debt, Gross	$ 121	$ 121
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	7.63%	7.63%
Long-term Debt, Gross	$ 250	$ 250
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Year Three [Member]
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time	5.63%	5.63%
Long-term Debt, Gross	$ 333	$ 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	3.63%	3.63%
Long-term Debt, Gross	$ 750	$ 750
Loans Payable [Member] | Promissory Notes and Debentures, Final Maturity, Year Six and Thereafter [Member]
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time	5.15%	5.15%
Long-term Debt, Gross	$ 9,363	$ 9,363
Loans Payable [Member] | Foreign Currency Loans [Member]
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time	1.17%	1.17%
Long-term Debt, Gross	$ 2,667	$ 2,730
Medium-term Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time	3.36%	3.37%
Long-term Debt, Gross	$ 406	$ 392
Finance Leases [Member]
Debt Instrument [Line Items]
Finance lease obligations 2	$ 862	$ 869

NOTES PAYABLE, LONG-TERM DEBT_5

NOTES PAYABLE, LONG-TERM DEBT AND AVAILABLE CREDIT FACILITIES Committed and Available Credit Facilities (Details) $ in Millions	Mar. 31, 2022USD ($)
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 8,400
Line of Credit Facility, Remaining Borrowing Capacity	8,400
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 June 2022
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 2022. Facility One
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 November 2022
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 2023, Facility One
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 2023, Facility Two
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 September 2023, Facility Three
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 December 2023, Facility One
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 December 2023, Facility Two
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	100
Line of Credit Facility, Remaining Borrowing Capacity	100
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due November 2024 [Member]
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 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	250
Line of Credit Facility, Remaining Borrowing Capacity	250
Revolving Credit Facility [Member] | Bilateral Revolving Credit Facility, Due March 2025, Facility Three [Member]
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 March 2025, Facility Four
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 Five
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 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 October 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

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Environmental Matters) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Accrual for environmental loss contingencies	$ 1,281	$ 1,220
Accrual For Environmental Loss Contingencies Superfund Sites [Member]
Loss Contingencies [Line Items]
Accrual for environmental loss contingencies	$ 240	$ 237

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES (Asbestos-Related Matters of Union Carbide Corporation) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Liability for Asbestos and Environmental Claims, Gross	$ 1,005	$ 1,016
Percentage of recorded asbestos liability related to pending claims	26.00%
Percentage of recorded asbestos liability related to future claims	74.00%

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES (Dow Silicones Chapter 11 Related Matters) (Details) - Dow Silicones Corporation [Member] - Breast Implant and Other Products Liability Claims [Member] - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Product Liability Contingency [Line Items]
Product Liability Contingency, Payments Incurred To Date	$ 1,795
Loss Contingency Accrual, Product Liability, Net	$ 127	$ 130

COMMITMENTS AND CONTINGENCIES I

COMMITMENTS AND CONTINGENCIES Indemnifications with Corning (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Dow Silicones Corporation [Member]
Loss Contingencies [Line Items]
Indemnification Asset	$ 93	$ 95

COMMITMENTS AND CONTINGENCIES_6

COMMITMENTS AND CONTINGENCIES (Nova Patent Infringement Matter) (Details) - Dow V. Nova Chemicals Corporation Patent Infringement Matter [Member] $ in Millions, $ in Millions	Jul. 06, 2017USD ($)	Jun. 29, 2017CAD ($)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Gain Contingencies [Line Items]
Litigation Settlement, Amount Awarded from Other Party		$ 645
Proceeds from Legal Settlements	$ 501
Estimated Litigation Liability, Current			$ 341	$ 341

COMMITMENTS AND CONTINGENCIES N

COMMITMENTS AND CONTINGENCIES Nova Ethylene Asset Matter (Details) - Nova Ethylene Asset Matter [Member] $ in Millions, $ in Millions	Mar. 31, 2020USD ($)	Oct. 11, 2019CAD ($)	Oct. 11, 2019USD ($)	Sep. 18, 2019CAD ($)	Sep. 18, 2019USD ($)	Oct. 24, 2019CAD ($)	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Gain Contingencies [Line Items]
Litigation Settlement, Amount Awarded from Other Party				$ 1,430	$ 1,080
Proceeds from Legal Settlements	$ 259	$ 1,080	$ 800
Litigation settlement, Amount Awarded from Other Party - Withholding Tax						$ 347
Estimated Litigation Liability, Noncurrent							$ 323	$ 323

COMMITMENTS AND CONTINGENCIES_7

COMMITMENTS AND CONTINGENCIES (Guarantees) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Sadara Chemical Company [Member]
Guarantor Obligations [Line Items]
Equity Method Investment, Ownership Percentage	35.00%
Sadara Chemical Company [Member] | Total Project Financing [Member]
Guarantor Obligations [Line Items]
Guarantor obligations, maximum future payments	$ 496	$ 446
Debt Instrument, Face Amount	9,600	9,600
Performance Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantor obligations, maximum future payments	1,377	1,273
Guarantor obligations, recorded liability	216	$ 220
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

LEASES COSTS AND OTHER INFORMAT

LEASES COSTS AND OTHER INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating Lease, Cost	$ 97	$ 121
Finance Lease, Right-of-Use Asset, Amortization	26	15
Finance Lease, Interest Expense	8	7
Finance Lease, Cost	34	22
Short-term Lease, Cost	59	49
Variable Lease, Cost	115	71
Sublease Income	(3)	(2)
Lease, Cost	302	261
Operating Lease, Payments	101	127
Finance Lease, Interest Payment on Liability	8	7
Finance Lease, Principal Payments	22	11
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	16	35
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	$ 17	$ 57

LEASES LEASE POSITION (Details)

LEASES LEASE POSITION (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Operating lease right-of-use assets	$ 1,339	$ 1,412
Property	57,707	57,604
Accumulated depreciation	(37,360)	(37,049)
Total Lease Assets	2,120	2,202
Operating lease liabilities - current	306	314
Finance Lease, Liability, Current	110	106
Operating lease liabilities - noncurrent	1,092	1,149
Finance Lease, Liability, Noncurrent	752	763
Total Lease Liabilities	2,260	2,332
Finance Leases [Member]
Property	1,174	1,158
Accumulated depreciation	$ (393)	$ (368)

LEASES TERM AND RATE (Details)

LEASES TERM AND RATE (Details)	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	7 years 9 months 18 days	7 years 10 months 24 days
Finance Lease, Weighted Average Remaining Lease Term	11 years 6 months	11 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	3.82%	3.72%
Finance Lease, Weighted Average Discount Rate, Percent	4.16%	4.17%

LEASES MATURITIES AND GUARANTEE

LEASES MATURITIES AND GUARANTEES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 267
Lessee, Operating Lease, Liability, to be Paid, Year One	286
Lessee, Operating Lease, Liability, Payments, Due Year Two	221
Lessee, Operating Lease, Liability, Payments, Due Year Three	179
Lessee, Operating Lease, Liability, Payments, Due Year Four	144
Lessee, Operating Lease, Liability, Payments, Due Year Five	569
Lessee, Operating Lease, Liability, Payments, Due	1,666
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	268
Operating Lease, Liability	1,398
Finance Lease, Liability, Payments, Remainder of Fiscal Year	108
Finance Lease, Liability, to be Paid, Year One	167
Finance Lease, Liability, Payments, Due Year Two	106
Finance Lease, Liability, Payments, Due Year Three	76
Finance Lease, Liability, to be Paid, Year Four	70
Finance Lease, Liability, Payments, Due Year Five	556
Finance Lease, Liability, Payment, Due	1,083
Finance Lease, Liability, Undiscounted Excess Amount	221
Finance lease obligations 2	862
Lessee, Additional Leases Not yet Commenced, Assumptions and Judgment, Amount	$ 97
Lessee, Additional Leases Not yet Commenced, Term of Contract	16 years
Residual Value Guarantees [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 275	$ 280
Guarantor Obligations, Current Carrying Value	$ 0	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (8,796)	$ (9,913)	$ (8,977)
Other Comprehensive Income (Loss), Net of Tax	181	942
Derivative instruments	332	110
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(37)	55	59	$ 104
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(121)	(54)
Other Comprehensive Income (Loss), Tax	24	11
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(97)	(43)
Other Comprehensive Income (Loss), Net of Tax	(96)	(49)
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	(8)
Reclassification from AOCI, Current Period, Tax	0	2
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1	(6)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(1,519)	(1,183)	(1,355)	(930)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	(165)	(217)
Other Comprehensive Income (Loss), Tax	13	(36)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(152)	(253)
Other Comprehensive Income (Loss), Net of Tax	(164)	(253)
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)	0
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(7,225)	(8,425)	(7,334)	(9,559)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	2	1,268
Other Comprehensive Income (Loss), Tax	0	(298)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	2	970
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	157	198
Reclassification from AOCI, Current Period, Tax	(50)	(34)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	107	164
Other Comprehensive Income (Loss), Net of Tax	109	1,134
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(15)	(360)	$ (347)	$ (470)
Other Comprehensive Income (Loss), before Reclassifications, before Tax	420	122
Other Comprehensive Income (Loss), Tax	(56)	(9)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	364	113
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax	(34)	(3)
Reclassification from AOCI, Current Period, Tax	2	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(32)	(3)
Derivative instruments	$ 332	$ 110

STOCKHOLDERS' EQUITY (Treasury

STOCKHOLDERS' EQUITY (Treasury Stock) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Apr. 01, 2019
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount			$ 3,000
Purchases of treasury stock	$ 600	$ 0
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 775

NONCONTROLLING INTERESTS Nonc_3

NONCONTROLLING INTERESTS Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Noncontrolling Interest [Line Items]
Balance at beginning of period	$ 574
Balance at end of period	545	$ 560
Noncontrolling Interest [Member]
Noncontrolling Interest [Line Items]
Balance at beginning of period	574	570
Net income (loss) attributable to noncontrolling interests	(17)	15
Distributions to noncontrolling interests	(1)	(8)
Cumulative translation adjustments	(11)	(16)
Other	0	(1)
Balance at end of period	$ 545	$ 560

PENSION PLANS AND OTHER POSTR_3

PENSION PLANS AND OTHER POSTRETIREMENT BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Pension Plan [Member]
Defined Benefit Plan Disclosures [Line Items]
Service cost	$ 99	$ 102
Interest cost	171	143
Expected return on plan assets	424	422
Amortization of prior service credit	(6)	(5)
Defined Benefit Plan, Amortization of (Gain) Loss	167	224
Curtailment gain	0	(19)
Net periodic benefit cost	7	23
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosures [Line Items]
Service cost	1	2
Interest cost	7	6
Defined Benefit Plan, Amortization of (Gain) Loss	(4)	(2)
Net periodic benefit cost	$ 4	$ 6

STOCK-BASED COMPENSATION (Stock

STOCK-BASED COMPENSATION (Stock Incentive Plan) (Details) shares in Millions	3 Months Ended
	Mar. 31, 2022$ / sharesshares
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 | shares	1.2
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares	$ 60.95
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 11.08
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%
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 | shares	2
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 | shares	1.7
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 60.96
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 | shares	1.2
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 65.83

Fair Value of Financial Instrum

Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Cash Equivalents, at Carrying Value	$ 957	$ 806
Cash Equivalents, Accumulated Gross Unrealized Gain, Before Tax	0	0
Cash Equivalents, Accumulated Gross Unrealized Loss, Before Tax	0	0
Cash Equivalents, Fair Value	957	806
Available-for-sale Debt Securities, Amortized Cost Basis, Current	238	237
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, Current, before Tax	4	8
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, Current, before Tax	0	0
Debt Securities, Available-for-sale, Current	242	245
Debt Securities, Available-for-sale, Amortized Cost	2,004	1,997
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	56	110
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(114)	(48)
Debt Securities, Available-for-sale	1,946	2,059
Equity Securities, Amortized Cost Basis	5	7
Equity Securities, Accumulated Gross Unrealized Gain, Before Tax	11	13
Equity Securities, Accumulated Gross Unrealized Loss, Before Tax	0	0
Equity Securities, Fair Value	16	20
Other Investments and Securities, at Cost	2,009	2,004
Other Investments and Securities, Accumulated Gross Unrealized Gain, Before Tax	67	123
Other Investments and Securities, Accumulated Gross Unrealized Loss, Before Tax	(114)	(48)
Investments, Fair Value Disclosure	1,962	2,079
Cash Equivalents, Marketable Securities and Other Investments, Amortized Cost Basis	3,204	3,047
Cash Equivalents, Marketable Securities and Other Investments, Accumulated Gross Unrealized Gain, Before Tax	71	131
Cash Equivalents, Marketable Securities and Other Investments, Accumulated Gross Unrealized Loss, Before Tax	(114)	(48)
Cash Equivalents, Marketable Securities and Other Investments, Fair Value	3,161	3,130
Long-term Debt	(14,463)	(14,511)
Long Term Debt, Accumulated Gross Unrealized Gain, Before Tax	567	27
Long Term Debt, Accumulated Gross Unrealized Loss, Before Tax	(1,424)	(2,641)
Long-term Debt, Fair Value	(15,320)	(17,125)
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax	422	189
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax	(212)	(250)
Derivative Assets (Liabilities), at Fair Value, Net	210	(61)
Long Term Debt, Accumulated Fair Value Adjustment	47	47
Derivative, Amount of Hedged Item	2,279
Interest Rate Contract [Member]
Debt Securities, Available-for-sale [Line Items]
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax	27	1
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax	(13)	(140)
Derivative Assets (Liabilities), at Fair Value, Net	14	(139)
Foreign Exchange Contract [Member]
Debt Securities, Available-for-sale [Line Items]
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax	64	46
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax	(64)	(18)
Derivative Assets (Liabilities), at Fair Value, Net	0	28
Commodity Contract [Member]
Debt Securities, Available-for-sale [Line Items]
Derivative Assets (Liabilities), Accumulated Gross Unrealized Gain, Before Tax	331	142
Derivative Assets (Liabilities), Accumulated Gross Unrealized Loss, Before Tax	(135)	(92)
Derivative Assets (Liabilities), at Fair Value, Net	196	50
US Treasury and Government [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	734	746
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	5	17
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(64)	(28)
Debt Securities, Available-for-sale	675	735
Corporate Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Amortized Cost	1,270	1,251
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax	51	93
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax	(50)	(20)
Debt Securities, Available-for-sale	1,271	1,324
Held-to-maturity Securities
Debt Securities, Available-for-sale [Line Items]
Cash Equivalents, at Carrying Value	377	317
Cash Equivalents, Accumulated Gross Unrealized Gain, Before Tax	0	0
Cash Equivalents, Accumulated Gross Unrealized Loss, Before Tax	0	0
Cash Equivalents, Fair Value	377	317
Money Market Funds
Debt Securities, Available-for-sale [Line Items]
Cash Equivalents, at Carrying Value	580	489
Cash Equivalents, Accumulated Gross Unrealized Gain, Before Tax	0	0
Cash Equivalents, Accumulated Gross Unrealized Loss, Before Tax	0	0
Cash Equivalents, Fair Value	$ 580	$ 489

Debt Investments (Details)

Debt Investments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Proceeds from sales of available-for-sale securities	$ 113	$ 187
Gross realized gains	12	13
Available-for-sale Securities, Gross Realized Losses	(13)	$ (5)
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	46
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Fair Value	46
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	695
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value	701
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost	730
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value	686
Debt Securities, Available-for-sale, Allocated and Single Maturity Date, Maturity, after 10 Years, Amortized Cost	533
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value	513
Debt Securities, Available-for-sale, Amortized Cost	2,004		$ 1,997
Debt Securities, Available-for-sale	1,946		2,059
Equity Securities, Net Unrealized Gain (Loss)	3
Equity Securities without Readily Determinable Fair Value, Amount	208		209
Equity Securities, FV-NI, Current	$ 16		$ 20

Notional Amounts (Details)

Notional Amounts (Details) $ in Millions	Mar. 31, 2022USD ($)BoeMWh	Dec. 31, 2021USD ($)BoeMWh
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 3,000	$ 3,000
Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	7	36
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	6,502	5,300
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 13,492	$ 8,234
Commodity Contract Hydrocarbons | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Nonmonetary Notional Amount | Boe	8,500,000	9,700,000
Commodity Contract Hydrocarbons | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Nonmonetary Notional Amount | Boe	700,000	100,000
Commodity Contract Power | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Nonmonetary Notional Amount | MWh	0	3,300

Schedule of Fair Value of Deriv

Schedule of Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	$ 54	$ 71
Derivative Asset, Collateral, Obligation to Return Cash, Offset	1
Fair Value, Inputs, Level 2 [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	1,115	632
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(693)	(443)
Derivative Asset	422	189
Derivative Liability, Fair Value, Gross Liability	943	715
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(731)	(465)
Derivative Liability	212	250
Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	1,024	599
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(627)	(421)
Derivative Asset	397	178
Derivative Liability, Fair Value, Gross Liability	746	599
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(644)	(440)
Derivative Liability	102	159
Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	91	33
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(66)	(22)
Derivative Asset	25	11
Derivative Liability, Fair Value, Gross Liability	197	116
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(87)	(25)
Derivative Liability	110	91
Other Current Assets [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	33	14
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(25)	(14)
Derivative Asset	8	0
Other Current Assets [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement		1
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		0
Derivative Asset		1
Other Current Assets [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	228	24
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(171)	(13)
Derivative Asset	57	11
Other Current Assets [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	38	23
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(31)	(16)
Derivative Asset	7	7
Other Current Assets [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	507	305
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(213)	(173)
Derivative Asset	294	132
Other Current Assets [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	53	8
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(35)	(5)
Derivative Asset	18	3
Deferred charges and other assets [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	237	130
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	(218)	(130)
Derivative Asset	19	0
Deferred charges and other assets [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement		117
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		(89)
Derivative Asset		28
Deferred charges and other assets [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement		1
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset		(1)
Derivative Asset		0
Deferred charges and other assets [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	19	9
Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset	0	(2)
Derivative Asset	19	7
Accrued and Other Current Liabilities [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	25	33
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(25)	(14)
Derivative Liability	0	19
Accrued and Other Current Liabilities [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	12	59
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	0	0
Derivative Liability	12	59
Accrued and Other Current Liabilities [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	172	15
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(171)	(13)
Derivative Liability	1	2
Accrued and Other Current Liabilities [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	94	31
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(31)	(16)
Derivative Liability	63	15
Accrued and Other Current Liabilities [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	330	267
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(230)	(192)
Derivative Liability	100	75
Accrued and Other Current Liabilities [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	91	25
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(56)	(8)
Derivative Liability	35	17
Other Noncurrent Obligations [Member] | Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	219	192
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset	(218)	(130)
Derivative Liability	$ 1	62
Other Noncurrent Obligations [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability		90
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		(89)
Derivative Liability		1
Other Noncurrent Obligations [Member] | Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability		1
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		(1)
Derivative Liability		0
Other Noncurrent Obligations [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability		2
Derivative Liability, Fair Value, Gross Asset and Right to Reclaim Cash, Offset		(2)
Derivative Liability		$ 0

Effect of Derivative Instrument

Effect of Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (18)	$ (167)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	332	110
Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Hedging Activity	46	(22)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	335	87
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(64)	(145)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	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
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	(1)	(2)
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
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	0	(25)
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	99	0
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	(3)	(3)
Excluded Components [Member] | Fair Value Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives used in Net Investment Hedge, Gain (Loss), Reclassified to Earnings, Net of Tax	0	0
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	0	2
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	29	5
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	1
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
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	(85)	(113)
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	(8)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	2	5
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
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(2)	10
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
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	22	(30)
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	207	65
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	34	13
Derivative
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ 335	$ 87

Expected Reclassification (Deta

Expected Reclassification (Details) $ in Millions	Mar. 31, 2022USD ($)
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	$ (8)
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	(217)
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	8
Excluded Components [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedge Gain (Loss) to be Reclassified During Next 12 Months, Excluded Components, Net	$ 40

FAIR VALUE MEASUREMENTS (Summar

FAIR VALUE MEASUREMENTS (Summary of Recurring Measured Fair Values) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity Securities, FV-NI, Current	$ 16	$ 20
Debt Securities, Available-for-sale	1,946	2,059
Long-term debt including debt due within one year 6	15,320	17,125
US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	675	735
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	1,271	1,324
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	1,115	632
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	242	245
Equity Securities, FV-NI, Current	16	20
Total assets at fair value	4,276	3,762
Long-term debt including debt due within one year 6	15,320	17,125
Total liabilities at fair value	16,478	18,060
Fair Value, Recurring [Member] | Sadara Chemical Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guarantees, Fair Value Disclosure	215	220
Fair Value, Recurring [Member] | Held-to-maturity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents 1	377	317
Fair Value, Recurring [Member] | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents 1	580	489
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	270	145
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	256	284
Fair Value, Recurring [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	266	165
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	266	137
Fair Value, Recurring [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	579	322
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	421	294
Fair Value, Recurring [Member] | US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	675	735
Fair Value, Recurring [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	1,271	1,324
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Equity Securities, FV-NI, Current	16	20
Total assets at fair value	66	79
Long-term debt including debt due within one year 6	0	0
Total liabilities at fair value	45	37
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Sadara Chemical Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guarantees, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Held-to-maturity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents 1	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents 1	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
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, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	13	15
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	45	37
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
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	37	44
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	242	245
Equity Securities, FV-NI, Current	0	0
Total assets at fair value	4,210	3,683
Long-term debt including debt due within one year 6	15,320	17,125
Total liabilities at fair value	16,218	17,803
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Sadara Chemical Company [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guarantees, Fair Value Disclosure	0	0
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 1	377	317
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 1	580	489
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, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	270	145
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	256	284
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, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	266	165
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	266	137
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, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	566	307
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	376	257
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	675	735
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	1,234	1,280
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	138	106
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	24	22
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	59
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Equity Securities, FV-NI, Current	0	0
Total assets at fair value	0	0
Long-term debt including debt due within one year 6	0	0
Total liabilities at fair value	215	220
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	215	220
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Held-to-maturity Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents 1	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents 1	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	0
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale	0	0
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	$ 0	$ 0

Schedule of Consolidated VIEs,

Schedule of Consolidated VIEs, Carrying Amounts of Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Variable Interest Entity [Line Items]
Cash and cash equivalents and end of period	$ 3,143	$ 2,988	$ 4,133
Other current assets	1,303	934
Net property	20,347	20,555
Deferred charges and other assets	1,505	1,456
Total Assets	63,335	62,990
Accrued Liabilities, Current	3,233	3,481
Long-Term Debt	14,108	14,280
Other noncurrent obligations	6,767	6,602
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Cash and cash equivalents and end of period	48	40
Other current assets	38	40
Net property	181	184
Deferred charges and other assets	15	15
Total Assets	282	279
Accrued Liabilities, Current	34	37
Long-Term Debt	2	3
Other noncurrent obligations	13	13
Total Liabilities	$ 49	$ 53

Schedule of Nonconsolidated VIE

Schedule of Nonconsolidated VIEs (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Variable Interest Entity [Line Items]
Investment in nonconsolidated affiliates	$ 1,821	$ 2,045
Silicon Inputs Joint Ventures [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Investment in nonconsolidated affiliates	$ 113	$ 110

RELATD PARTY TRANSACTIONS (Deta

RELATD PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
The Dow Chemical Company | Dow Inc. [Member]
Cash Dividends Paid to Related Party	$ 1,121	$ 703

SEGMENTS AND GEOGRAPHIC REGIO_3

SEGMENTS AND GEOGRAPHIC REGIONS Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 15,264	$ 11,882
Equity in earnings of nonconsolidated affiliates	174	224
Operating EBIT	2,419	1,554
Packaging & Specialty Plastics [Member]
Segment Reporting Information [Line Items]
Net sales	7,627	6,082
Equity in earnings of nonconsolidated affiliates	110	106
Operating EBIT	1,234	1,228
Industrial Intermediates & Infrastructure [Member]
Segment Reporting Information [Line Items]
Net sales	4,524	3,607
Equity in earnings of nonconsolidated affiliates	62	115
Operating EBIT	661	326
Performance Materials & Coatings [Member]
Segment Reporting Information [Line Items]
Net sales	3,049	2,123
Equity in earnings of nonconsolidated affiliates	3	2
Operating EBIT	595	62
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Net sales	64	70
Equity in earnings of nonconsolidated affiliates	(1)	1
Operating EBIT	$ (71)	$ (62)

SEGMENTS AND GEOGRAPHIC REGIO_4

SEGMENTS AND GEOGRAPHIC REGIONS EBIT Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting [Abstract]
Income from continuing operations, net of tax	$ 1,552	$ 1,006
Provision for income taxes	503	317
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	2,055	1,323
Interest Income, Other	28	8
Interest Expense, Debt	167	196
Other Nonrecurring (Income) Expense	(225)	(43)
Operating EBIT	$ 2,419	$ 1,554

SEGMENTS AND GEOGRAPHIC REGIO_5

SEGMENTS AND GEOGRAPHIC REGIONS Significant Items (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Digitalization program costs	$ (41)	$ (33)
Restructuring Charges	(10)	(10)
Russia and Ukraine Conflict Asset Related Charges	(186)
Charges related to separation, distribution and tax matters agreements	12
Other Nonrecurring (Income) Expense	(225)	(43)
Packaging & Specialty Plastics [Member]
Segment Reporting Information [Line Items]
Digitalization program costs	0	0
Restructuring Charges	0	0
Russia and Ukraine Conflict Asset Related Charges	(31)
Charges related to separation, distribution and tax matters agreements	0
Other Nonrecurring (Income) Expense	(31)	0
Industrial Intermediates & Infrastructure [Member]
Segment Reporting Information [Line Items]
Digitalization program costs	0	0
Restructuring Charges	0	0
Russia and Ukraine Conflict Asset Related Charges	(109)
Charges related to separation, distribution and tax matters agreements	0
Other Nonrecurring (Income) Expense	(109)	0
Performance Materials & Coatings [Member]
Segment Reporting Information [Line Items]
Digitalization program costs	0	0
Restructuring Charges	0	0
Russia and Ukraine Conflict Asset Related Charges	(16)
Charges related to separation, distribution and tax matters agreements	0
Other Nonrecurring (Income) Expense	(16)	0
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Digitalization program costs	(41)	(33)
Restructuring Charges	(10)	(10)
Russia and Ukraine Conflict Asset Related Charges	(30)
Charges related to separation, distribution and tax matters agreements	12
Other Nonrecurring (Income) Expense	$ (69)	$ (43)