DOW INC
For the period ended Sep 30, 2024. Filed Oct 25, 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.
Sep 30, 2024 · Filed Oct 25, 2024
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Noncontrolling Interests
NOTE 16 –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 and nine months ended September 30, 2024 and 2023:
| Noncontrolling Interests | Three Months Ended | Nine Months Ended | ||
|---|---|---|---|---|
| In millions | Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2023 |
| Balance at beginning of period | $482 | $512 | $501 | $529 |
| Net income attributable to noncontrolling interests | 26 | 25 | 67 | 61 |
| Distributions to noncontrolling interests 1 | (2) | (15) | (41) | (43) |
| Cumulative translation adjustments | 24 | (9) | 4 | (34) |
| Other | — | — | (1) | — |
| Balance at end of period | $530 | $513 | $530 | $513 |
- Includes dividends paid to a joint venture of $8 million for the three and nine months ended September 30, 2024 ($8 million for the three and nine months ended September 30, 2023) which were reclassified to "Equity in earnings of nonconsolidated affiliates" in the consolidated statements of income.
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