DOW INC
For the period ended Dec 31, 2023. Filed Jan 31, 2024.
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FY2023 · Filed Jan 31, 2024
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Related Party Transactions
NOTE 23 –RELATED PARTY TRANSACTIONS
TDCC has committed to fund Dow Inc.'s dividends paid to common stockholders and share repurchases, as approved by the Board from time to time, as well as certain governance expenses. Funding is accomplished through intercompany loans. TDCC's Board of Directors 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 years ended 2023, 2022 and 2021.
| TDCC Cash Dividends Declared and Paid | 2023 | 2022 | 2021 |
|---|---|---|---|
| In millions | |||
| Cash dividends declared and paid | $2,510 | $4,375 | $3,264 |
At December 31, 2023 and 2022, TDCC's intercompany loan balance with Dow Inc. was insignificant.
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