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
Extracted filing text, with the paragraph anchors used by the comparison.
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Supplementary Information
NOTE 5 –SUPPLEMENTARY INFORMATION
| Dow Inc. Sundry Income (Expense) – Net | Three Months Ended | |
|---|---|---|
| In millions | Mar 31, 2026 | Mar 31, 2025 |
| Non-operating pension and other postretirement benefit plan net credits 1 | $19 | $38 |
| Foreign exchange gains 2 | 44 | 7 |
| Gain related to Nova ethylene asset matter 3 | 26 | — |
| Gain (loss) on sales of other assets and investments | 6 | (3) |
| Loss on early extinguishment of debt | — | (60) |
| Other - net | 26 | 31 |
| Total sundry income (expense) – net | $121 | $13 |
See Note 15 for additional information.
Foreign exchange gains for the three months ended March 31, 2026 relate primarily to the Euro.
See Note 11 for additional information.
Sundry income (expense) - net for TDCC for the three months ended March 31, 2026 and 2025 is substantially the same as that of Dow Inc. and, therefore, Sundry income (expense) - net for TDCC is not disclosed separately.
Other Investments
The Company has investments in company-owned life insurance policies, which are recorded at their cash surrender value as of each balance sheet date, as provided below:
| Investments in Company-Owned Life Insurance | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| In millions | ||
| Gross cash value | $514 | $543 |
| Less: Existing drawdowns 1 | 193 | 197 |
| Less: Accrued interest on drawdowns 2 | 4 | 2 |
| Investments in company-owned life insurance 3 | $317 | $344 |
Classified as "Proceeds from sales and maturities of investments" in the consolidated statements of cash flows.
Included in "Sundry income (expense) - net" in the consolidated statements of income.
Classified as "Other investments" in the consolidated balance sheets.
Supplier Finance Program
The Company facilitates a supply chain financing (“SCF”) program in the ordinary course of business in order to extend payment terms with vendors. Under the terms of this program, a vendor can voluntarily enter into an agreement with a participating financial intermediary to sell its receivables due from the Company. The vendor receives payment from the financial intermediary, and the Company pays the financial intermediary on the terms originally negotiated with the vendor, which generally range from 90 to 120 days. The vendor negotiates the terms of the agreements directly with the financial intermediary and the Company is not a party to that agreement. The financial intermediary may allow the participating vendor to utilize the Company’s creditworthiness in establishing credit spreads and associated costs, which may provide the vendor with more favorable terms than they would be able to secure on their own. The Company does not provide guarantees related to the SCF program. At March 31, 2026, outstanding obligations confirmed as valid under the SCF program were $242 million ($239 million at December 31, 2025), included in “Accounts payable – Trade” in the consolidated balance sheets.
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