DOW CHEMICAL CO /DE/
For the period ended Mar 31, 2026. Filed Apr 24, 2026.
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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, 2026 · Filed Apr 24, 2026
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Income Taxes
NOTE 6 –INCOME TAXES
As the financial statements for Dow Inc. and TDCC are substantially similar, including the provision (credit) for income taxes, the following income tax discussion does not include reference to TDCC's provision (credit) for income taxes or its effective tax rate.
The Company's effective tax rate fluctuates based on, among other factors, where income is earned, the level of income relative to tax attributes and the level of equity earnings, since most earnings from the Company's equity method investments are taxed at the joint venture level.
The following table provides effective tax rate information for Dow Inc. for the three months ended March 31, 2026 and 2025:
| Effective Tax Rate Information | Three Months Ended | |
|---|---|---|
| Amounts in millions | Mar 31, 2026 | Mar 31, 2025 |
| Loss before income taxes | $(390) | $(374) |
| Provision (credit) for income taxes | $55 | $(84) |
| Effective tax rate | (14.1)% | 22.5% |
The provision for income taxes for the three months ended March 31, 2026 was unfavorably impacted by tax expense related to the Nova Chemicals Corporation ethylene asset matter, partially offset by tax benefits related to changes in uncertain tax positions. See Note 11 for additional information.
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