DOW INC
For the period ended Dec 31, 2024. Filed Feb 4, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 4, 2025
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Related Party Transactions
NOTE 24 –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 2024, 2023 and 2022.
| TDCC Dividends | 2024 | 2023 | 2022 |
|---|---|---|---|
| In millions | |||
| Dividends declared 1 | $2,578 | $2,510 | $4,375 |
| Cash dividends paid | $2,485 | $2,510 | $4,375 |
- Dividends declared for the year ended December 31, 2024 included $93 million of non-cash dividends.
At December 31, 2024 and 2023, TDCC's intercompany loan balance with Dow Inc. was insignificant.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.