← DOW INC.

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2017
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $2.7b $2.4b $5.1b $3.0b $3.9b $3.0b $2.2b $3.8b $6.2b
Cash and cash equivalents $2.7b $2.4b $5.1b $3.0b $3.9b $3.0b $2.2b $3.8b —
Inventories $6.9b $6.2b $5.7b $7.4b $7.0b $6.1b $6.5b $6.6b —
Noncurrent receivables $360.0m $1.1b $465.0m $478.0m $666.0m $438.0m $380.0m $309.0m —
Other Receivables $3.4b $2.7b $2.6b $2.7b $2.1b $1.9b $2.1b $1.9b —
Other current assets $712.0m $658.0m $889.0m $934.0m $1.8b $1.9b $993.0m $1.0b —
Short-term Investments $100.0m $21.0m — — — — — — $4.0m
Trade (net of allowance for doubtful receivables - 2025: $59; 2024: $95) $5.6b $4.8b $4.8b $6.8b $5.6b $4.7b $4.8b $4.8b —
Inventory, Net $6.9b $6.2b $5.7b $7.4b $7.0b $6.1b $6.5b $6.6b $6.0b
Assets, Current $39.4b $16.8b $19.1b $20.8b $20.5b $17.6b $16.6b $18.1b $27.9b
Total current assets (variable interest entities restricted - 2025: $228; 2024: $55) $39.4b $16.8b $19.1b $20.8b $20.5b $17.6b $16.6b $18.1b —
Property, Plant and Equipment, Net $21.4b $21.0b $20.2b $20.6b $20.4b $21.1b $22.0b $22.2b $21.6b
Goodwill $9.8b $8.8b $8.9b $8.8b $8.6b $8.6b $8.6b $8.0b $9.8b
Intangible Assets, Net (Excluding Goodwill) $4.2b $3.8b $3.4b $2.9b $2.4b $2.1b $1.7b $1.5b $4.7b
Other intangible assets (net of accumulated amortization - 2025: $5,727; 2024: $5,394) $4.2b $3.8b $3.4b $2.9b $2.4b $2.1b $1.7b $1.5b —
Deferred charges and other assets $735.0m $818.0m $1.2b $1.5b $1.4b $1.3b $1.2b $1.3b —
Operating Lease, Right-of-Use Asset — $2.1b $1.9b $1.4b $1.2b $1.3b $1.3b $1.4b —
Operating lease right-of-use assets $0 $2.1b $1.9b $1.4b $1.2b $1.3b $1.3b $1.4b —
Other Assets, Noncurrent $735.0m $818.0m $1.2b $1.5b $1.4b $1.3b $1.2b $1.3b $814.0m
Total other assets (variable interest entities restricted - 2025: $226; 2024: $15) $16.6b $17.7b $17.6b $15.9b $14.6b $14.8b $14.0b $13.6b —
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current $5.6b $4.8b $4.8b $6.8b $5.6b $4.7b $4.8b $4.8b $5.4b
Accrued Liabilities, Current $2.9b $2.8b $3.8b $3.5b $2.8b $2.7b $2.5b $2.6b $3.4b
Accrued and other current liabilities $2.9b $2.8b $3.8b $3.5b $2.8b $2.7b $2.5b $2.6b —
Asbestos-related liabilities - noncurrent $1.1b $1.1b $1.0b $931.0m $857.0m $788.0m $713.0m $628.0m —
Deferred income tax assets $1.8b $2.2b $2.2b $1.4b $960.0m $1.5b $1.3b $1.5b —
Dow Inc.’s stockholders’ equity $32.5b $13.5b $12.4b $18.2b $20.7b $18.6b $17.4b $16.0b —
Income taxes payable $557.0m $522.0m $397.0m $623.0m $334.0m $419.0m $276.0m $337.0m —
Investment in nonconsolidated affiliates $3.3b $1.4b $1.3b $2.0b $1.6b $1.3b $1.3b $1.3b —
Less: Accumulated depreciation $32.6b $33.9b $36.1b $37.0b $37.6b $39.1b $40.1b $43.6b —
Net property $21.4b $21.0b $20.2b $20.6b $20.4b $21.1b $22.0b $22.2b —
Notes payable $298.0m $586.0m $156.0m $161.0m $362.0m $62.0m $135.0m $90.0m —
Operating lease liabilities - current $0 $421.0m $416.0m $314.0m $287.0m $329.0m $318.0m $340.0m —
Operating lease liabilities - noncurrent $0 $1.7b $1.5b $1.1b $997.0m $1.0b $984.0m $1.1b —
Other investments (investments carried at fair value - 2025: $2,212; 2024: $2,047) $2.6b $2.6b $2.8b $3.2b $2.8b $2.7b $3.0b $3.0b —
Other noncurrent obligations $4.7b $6.5b $6.3b $6.6b $6.6b $6.8b $6.6b $7.2b —
Property $54.0b $54.9b $56.3b $57.6b $58.1b $60.2b $62.1b $65.9b —
Total equity $33.6b $14.1b $13.0b $18.7b $21.2b $19.1b $17.9b $17.5b —
Total investments $6.3b $5.1b $4.6b $5.7b $5.0b $4.4b $4.7b $4.6b —
Assets — $60.5b $61.5b $63.0b $60.6b $58.0b $57.3b $58.5b $85.9b
Total Assets $83.7b $60.5b $61.5b $63.0b $60.6b $58.0b $57.3b $58.5b —
LIABILITIES AND EQUITY
Current liabilities:
Accounts Payable, Other $2.5b $2.1b $2.1b $2.8b $2.3b $1.8b $1.7b $1.4b —
Accounts Payable, Trade $4.5b $3.9b $3.8b $5.6b $4.9b $4.5b $4.8b $4.2b —
Operating Lease, Liability, Current — $421.0m $416.0m $314.0m $287.0m $329.0m $318.0m $340.0m —
Operating Lease, Liability, Noncurrent — $1.7b $1.5b $1.1b $997.0m $1.0b $984.0m $1.1b —
Liabilities, Current — $10.7b $11.1b $13.2b $11.3b $10.0b $10.3b $9.2b $14.6b
Total current liabilities (variable interest entities restricted - 2025: $438; 2024: $24) $15.5b $10.7b $11.1b $13.2b $11.3b $10.0b $10.3b $9.2b —
Deferred Income Tax Liabilities, Net — — $405.0m $506.0m $1.1b $399.0m $392.0m $364.0m —
Deferred income tax liabilities $501.0m $347.0m $405.0m $506.0m $1.1b $399.0m $392.0m $364.0m —
Long-Term Debt (variable interest entities restricted - 2025: $190; 2024: $—) $19.3b $16.0b $16.5b $14.3b $14.7b $14.9b $15.7b $17.8b —
Long-term Debt $19.6b $16.4b $17.0b $14.5b $15.1b — — — $20.5b
Long-term debt due within one year $338.0m $435.0m $460.0m $231.0m $362.0m $117.0m $497.0m $222.0m —
Other Liabilities, Noncurrent $4.7b $6.5b $6.3b $6.6b $6.6b $6.8b $6.6b $7.2b $5.2b
Pension and other postretirement benefits - noncurrent $8.9b $10.1b $11.6b $7.6b $3.8b $4.9b $4.7b $4.7b —
Total other noncurrent liabilities (variable interest entities restricted - 2025: $364; 2024: $13) $15.3b $19.8b $20.9b $16.7b $13.3b $14.0b $13.5b $14.0b —
Stockholders’ equity:
Accumulated Other Comprehensive Income (Loss), Net of Tax ($9.9b) ($10.2b) ($10.9b) ($9.0b) ($7.1b) ($7.7b) ($8.1b) ($7.7b) ($8.6b)
Accumulated other comprehensive loss ($9.9b) ($10.2b) ($10.9b) ($9.0b) ($7.1b) ($7.7b) ($8.1b) ($7.7b) —
Additional Paid in Capital, Common Stock $7.0b $7.3b $7.6b $8.2b $8.5b $8.9b $9.2b $11.1b $6.6b
Additional paid-in capital $7.0b $7.3b $7.6b $8.2b $8.5b $8.9b $9.2b $11.1b —
Common stock (authorized and issued 100 shares of $0.01 par value each) $0 $8.0m $8.0m $8.0m $8.0m $8.0m $8.0m $8.0m —
Retained Earnings (Accumulated Deficit) $35.5b $17.0b $16.4b $20.6b $23.2b $21.8b $20.9b $16.8b $33.7b
Retained earnings $35.5b $17.0b $16.4b $20.6b $23.2b $21.8b $20.9b $16.8b —
Treasury stock at cost (2025: 73,065,152 shares; 2024: 80,859,145 shares) $0 ($500.0m) ($625.0m) ($1.6b) ($3.9b) ($4.4b) ($4.7b) ($4.2b) —
Stockholders' Equity Attributable to Parent $32.5b $13.5b $12.4b $18.2b $20.7b $18.6b $17.4b $16.0b $31.5b
Noncontrolling interests $1.1b $553.0m $570.0m $574.0m $529.0m $501.0m $496.0m $1.5b —
Stockholders' Equity Attributable to Noncontrolling Interest $1.1b $553.0m $570.0m $574.0m $529.0m $501.0m $496.0m $1.5b $1.2b
Liabilities and Equity $83.7b $60.5b $61.5b $63.0b $60.6b $58.0b $57.3b $58.5b $85.9b
Total Liabilities and Equity $83.7b $60.5b $61.5b $63.0b $60.6b $58.0b $57.3b $58.5b —

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.