DOW INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Leases
NOTE 12 -LEASES
For additional information on the Company's leases, see Note 15 to the Consolidated Financial Statements included in the 2023 10-K.
The components of lease cost for operating and finance leases for the three months ended March 31, 2024 and 2023 were as follows:
| Lease Cost | Three Months Ended | |
|---|---|---|
| In millions | Mar 31, 2024 | Mar 31, 2023 |
| Operating lease cost | $107 | $98 |
| Finance lease cost | ||
| Amortization of right-of-use assets - finance | $27 | $26 |
| Interest on lease liabilities - finance | 10 | 8 |
| Total finance lease cost | $37 | $34 |
| Short-term lease cost | 74 | 66 |
| Variable lease cost | 258 | 181 |
| Sublease income | (2) | (2) |
| Total lease cost | $474 | $377 |
The following table provides supplemental cash flow and other information related to leases:
| Other Lease Information | Three Months Ended | |
|---|---|---|
| In millions | Mar 31, 2024 | Mar 31, 2023 |
| Cash paid for amounts included in the measurement of lease liabilities: | ||
| Operating cash flows for operating leases | $116 | $105 |
| Operating cash flows for finance leases | $10 | $8 |
| Financing cash flows for finance leases | $30 | $28 |
| Right-of-use assets obtained in exchange for lease obligations: | ||
| Operating leases | $100 | $99 |
| Finance leases | $70 | $6 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.