DOW CHEMICAL CO /DE/
For the period ended Jun 30, 2025. Filed Jul 25, 2025.
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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.
Jun 30, 2025 · Filed Jul 25, 2025
DOW$30.96-1.4%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| In millions, except share amounts (Unaudited) | Jun 30,2025 | Dec 31,2024 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $2,399 | $2,189 |
| Accounts and notes receivable: | ||
| Trade (net of allowance for doubtful receivables - 2025: $72; 2024: $95) | 5,426 | 4,756 |
| Other | 2,228 | 2,108 |
| Inventories | 6,701 | 6,544 |
| Other current assets | 958 | 993 |
| Total current assets (variable interest entities restricted - 2025: $209; 2024: $55) | 17,712 | 16,590 |
| Investments | ||
| Investment in nonconsolidated affiliates | 1,262 | 1,266 |
| Other investments (investments carried at fair value - 2025: $2,033; 2024: $2,047) | 2,788 | 3,033 |
| Noncurrent receivables | 434 | 380 |
| Total investments | 4,484 | 4,679 |
| Property | ||
| Property | 64,860 | 62,121 |
| Less: Accumulated depreciation | 42,384 | 40,117 |
| Net property (variable interest entities restricted - 2025: $2,380; 2024: $122) | 22,476 | 22,004 |
| Other Assets | ||
| Goodwill | 8,698 | 8,565 |
| Other intangible assets (net of accumulated amortization - 2025: $5,660; 2024: $5,394) | 1,606 | 1,721 |
| Operating lease right-of-use assets | 1,246 | 1,268 |
| Deferred income tax assets | 1,424 | 1,257 |
| Deferred charges and other assets | 1,345 | 1,228 |
| Total other assets (variable interest entities restricted - 2025: $212; 2024: $15) | 14,319 | 14,039 |
| Total Assets | $58,991 | $57,312 |
| Liabilities and Equity | ||
| Current Liabilities | ||
| Notes payable | $149 | $135 |
| Long-term debt due within one year | 401 | 497 |
| Accounts payable: | ||
| Trade | 4,944 | 4,847 |
| Other | 1,697 | 1,694 |
| Operating lease liabilities - current | 325 | 318 |
| Income taxes payable | 314 | 276 |
| Accrued and other current liabilities | 2,656 | 2,521 |
| Total current liabilities (variable interest entities nonrecourse - 2025: $365; 2024: $24) | 10,486 | 10,288 |
| Long-Term Debt (variable interest entities nonrecourse - 2025: $176; 2024: $—) | 16,247 | 15,711 |
| Other Noncurrent Liabilities | ||
| Deferred income tax liabilities | 378 | 392 |
| Pension and other postretirement benefits - noncurrent | 4,765 | 4,736 |
| Asbestos-related liabilities - noncurrent | 665 | 713 |
| Operating lease liabilities - noncurrent | 982 | 984 |
| Other noncurrent obligations | 6,876 | 6,637 |
| Total other noncurrent liabilities (variable interest entities nonrecourse - 2025: $329; 2024: $13) | 13,666 | 13,462 |
| Stockholders’ Equity | ||
| Common stock (authorized 5,000,000,000 shares of $0.01 par value each;issued 2025: 785,942,132 shares; 2024: 784,471,939 shares) | 8 | 8 |
| Additional paid-in capital | 10,758 | 9,203 |
| Retained earnings | 18,766 | 20,909 |
| Accumulated other comprehensive loss | (7,826) | (8,110) |
| Treasury stock at cost (2025: 77,097,981 shares; 2024: 80,859,145 shares) | (4,475) | (4,655) |
| Dow Inc.’s stockholders’ equity | 17,231 | 17,355 |
| Noncontrolling interests | 1,361 | 496 |
| Total equity | 18,592 | 17,851 |
| Total Liabilities and Equity | $58,991 | $57,312 |
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