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Dow Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Dow holds $59.8B in total assets. Shareholders' equity is $15.2B against $18.8B in total debt. Cash and equivalents total $4.2B. The current ratio is 1.85 and debt-to-equity is 1.24. Based on the Q1 2026 filing.

Total Assets$59.8BTotal Stockholders Equity$15.2BLong Term Debt$17.3BCash And Equivalents$4.2BTotal Current Assets$19.5BTotal Current Liabilities$10.5B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$27.8B
ROE-16.67%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$4.8B$4.9B$4.9B$4.5B$4.2B$4.8B
Accrued Environmental Liabilities$1.1B$1.1B$1.1B$1.0B$1.0B$1.0B
Accrued expenses$1.9B$1.1B$1.1B$1.0B$1.0B$1.0B
Accrued liabilities and other current$1.7B$1.7B$1.7B$1.7B$1.4B$1.4B
Accrued Progress Collections and Price Adjustments$1.5B$1.5B$1.4B$1.8B$1.7B$1.7B
Other Commercial Liabilities$2.5B$2.7B$2.7B$2.8B$2.6B$2.8B
Contract liabilities$1.5B$1.5B$1.4B$1.8B$1.7B$1.7B
Accrued Income Taxes, Current$276.0M$304.0M$314.0M$271.0M$337.0M$344.0M
Accrued Liabilities, Current$2.5B$2.7B$2.7B$2.8B$2.6B$2.8B
Current portion of long-term debt$135.0M$136.0M$149.0M$133.0M$90.0M$88.0M
Current Portion of Long-Term Debt and Finance Lease Obligations$497.0M$502.0M$401.0M$413.0M$222.0M$793.0M
Deferred revenue$244.0M$207.0M$196.0M$220.0M$221.0M$215.0M
Derivative Liabilities Offset$105.0M$183.0M$460.0M$298.0M$312.0M$985.0M
Derivative liabilities$16.0M$12.0M$15.0M$11.0M$20.0M$18.0M
Income taxes payable$276.0M$304.0M$314.0M$271.0M$337.0M$344.0M
Operating lease liabilities, current$318.0M$330.0M$325.0M$324.0M$340.0M$348.0M
Total current liabilities$10.3B$10.6B$10.5B$10.1B$9.2B$10.5B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$4.8B$4.9B$5.4B$5.0B$4.8B$5.2B
Available-for-Sale Debt Securities - Amortized Cost$88.0M$110.0M$120.0M$113.0M$120.0M$81.0M
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)$88.0M$110.0M$120.0M$113.0M$120.0M$81.0M
Allowance for Doubtful Accounts$95.0M$78.0M$72.0M$71.0M$59.0M$63.0M
Allowance for Doubtful Accounts Receivable (Current)$95.0M$78.0M$72.0M$71.0M$59.0M$63.0M
Cash and cash equivalents$2.3B$1.6B$2.5B$4.8B$4.0B$4.2B
Cash, Cash Equivalents, and Marketable Securities$261.0M$2.0B$2.0B$2.1B$176.0M$2.2B
Other current assets$993.0M$914.0M$958.0M$1.2B$1.0B$1.2B
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)$2.1B$2.3B$2.2B$2.1B$1.9B$2.2B
Derivative Assets - Fair Value$218.0M$250.0M$556.0M$397.0M$364.0M$1.2B
Derivative assets$113.0M$68.0M$104.0M$101.0M$67.0M$217.0M
Trading assets$78.0M$100.0M$113.0M$108.0M$115.0M$77.0M
Finished goods$3.8B$3.9B$3.8B$3.7B$3.7B$3.7B
Raw materials$822.0M$847.0M$845.0M$839.0M$826.0M$851.0M
Work in process$1.3B$1.4B$1.4B$1.3B$1.2B$1.5B
Inventories$7.0B$7.2B$7.1B$7.0B$7.0B$7.2B
Inventory Valuation Adjustments$413.0M$481.0M$410.0M$349.0M$388.0M$461.0M
Other Receivables$2.1B$2.3B$2.2B$2.1B$1.9B$2.2B
Prepaid expenses and other current assets$993.0M$914.0M$958.0M$1.2B$1.0B$1.2B
Materials and supplies$1.0B$1.1B$1.1B$1.2B$1.2B$1.2B
Restricted cash$74.0M$90.0M$117.0M$145.0M$136.0M$125.0M
Total current assets$16.6B$16.3B$17.7B$19.6B$18.1B$19.5B
Trading Securities in Marketable Securities$153.0M$149.0M$145.0M$170.0M$225.0M$224.0M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$4.7B$4.7B$4.8B$4.7B$4.7B$4.5B
Asset retirement obligations$174.0M$767.0M$745.0M$726.0M$708.0M$684.0M
Contract Liabilities, Non-Current$1.5B$1.5B$1.4B$1.8B$1.7B$1.7B
Debt Maturity - 5 to 10 Years$405.0M$412.0M$403.0M$448.0M$510.0M$519.0M
Debt Maturity - Over 10 Years$537.0M$524.0M$544.0M$549.0M$660.0M$711.0M
Long-term debt$16.2B—$16.2B$17.7B$17.8B$17.3B
Long-Term Debt and Finance Lease Obligations$15.7B$15.9B$16.2B$17.7B$17.8B$17.3B
Deferred revenue, net of current portion$1.5B$1.5B$1.4B$1.8B$1.7B$1.7B
Operating lease liabilities, non-current$984.0M$1.0B$982.0M$1.0B$1.1B$1.1B
Other non-current liabilities$6.6B$6.9B$6.9B$7.4B$7.2B$8.6B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$9.2B$9.2B$10.8B$11.1B$11.1B$11.1B
Accumulated other comprehensive income (loss)-$8.1B-$8.0B-$7.8B-$7.8B-$7.7B-$7.7B
Common stock8M5B5B5B8M5B
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued784.5M785.9M785.9M786M790.3M791.9M
Additional paid-in capital$9.2B$9.2B$10.8B$11.1B$11.1B$11.1B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$8.0M$8.0M$8.0M$8.0M$8.0M$8.0M
Treasury Stock, Value$4.7B$4.6B$4.5B$4.4B$4.2B$4.1B
Noncontrolling interests$496.0M$507.0M$1.4B$1.5B$1.5B$1.5B
Retained earnings$20.9B$20.1B$18.8B$18.6B$16.8B$16.0B
Total liabilities and stockholders' equity$57.3B$57.5B$59.0B$61.0B$58.5B$59.8B
Total stockholders' equity$17.4B$16.8B$17.2B$17.5B$16.0B$15.2B
Treasury stock$4.7B$4.6B$4.5B$4.4B$4.2B$4.1B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)$1.2B$1.2B$1.2B$1.1B$1.1B$1.1B
Bank owned life insurance$558.0M$344.0M$332.0M$313.0M$344.0M$317.0M
Deferred tax assets$957.0M$407.0M$378.0M$383.0M$364.0M$348.0M
Deferred Tax Assets and Other Non-Current Assets$586.0M$1.3B$1.3B$1.3B$627.0M$1.3B
Disposal Group - Property, Plant, and Equipment (Non-Current)$51.0M—————
Equity method investments$153.0M$149.0M$145.0M$170.0M$225.0M$224.0M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$153.0M$149.0M$145.0M$170.0M$225.0M$224.0M
Available-for-sale securities$1.1B$1.1B$1.1B$1.0B$996.0M$1.0B
Goodwill$8.6B$8.6B$8.7B$8.7B$8.0B$7.9B
Equity securities$14.0M$11.0M$12.0M$10.0M$9.0M$8.0M
Intangible assets, net$2.0B$1.7B$1.6B$1.5B$1.5B$1.4B
Investments - Amortized Cost Basis$153.0M$149.0M$145.0M$170.0M$225.0M$224.0M
Long-Term Accounts, Notes, and Loans Receivable, Net (Non-Current)$380.0M$418.0M$434.0M$427.0M$309.0M$444.0M
Long-term investments$4.7B$4.5B$4.5B$4.5B$4.6B$4.6B
Net Investment in Lease$1.3B$1.3B$1.2B$1.3B$1.4B$1.4B
Deferred tax assets$1.3B$1.5B$1.4B$1.4B$1.5B$1.5B
Other intangible assets—net$1.7B$1.7B$1.6B$1.5B$1.5B$1.4B
Investments and long-term receivables$4.7B$4.5B$4.5B$4.5B$4.6B$4.6B
Operating lease right-of-use assets$1.3B$1.3B$1.2B$1.3B$1.4B$1.4B
Other non-current assets$1.2B$1.3B$1.3B$1.3B$1.3B$1.3B
Strategic investments$3.0B$2.8B$2.8B$2.8B$3.0B$3.0B
Property, plant and equipment at cost$62.1B$63.2B$64.9B$65.3B$65.9B$66.0B
Operating lease right-of-use assets$0.0$1.3B$1.2B$1.3B$1.4B$1.4B
Operating Lease Right-of-Use Assets in Other Assets$1.3B$1.3B$1.2B$1.3B$1.4B$1.4B
Other Investments$3.0B$2.8B$2.8B$2.8B$3.0B$3.0B
Other non-current assets$18.2B$0.0$0.0$0.0$3.0B$3.0B
Accumulated depreciation$40.1B$40.9B$42.4B$42.8B$43.6B$43.9B
Property and equipment, net$22.0B$22.3B$22.5B$22.5B$22.3B$22.1B
Software and Technology Licenses, Net$1.2B$1.3B$1.3B$1.3B$1.3B$1.3B
Total assets$57.3B$57.5B$59.0B$61.0B$58.5B$59.8B
Total noncurrent assets$14.0B$14.3B$14.3B$14.3B$13.6B$13.6B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$2.3B$2.2B$2.2B$2.2B$2.3B$2.4B
Fair Value Measurement Disclosure$254.0M$448.0M$710.0M$448.0M$434.0M$1.1B
Gross Assets/Liabilities$149.0M$265.0M$250.0M$150.0M$122.0M$164.0M
Hedged Asset (Statement of Financial Position)$5.1B$5.3B$5.5B$5.5B$5.5B$5.9B
Accrual for Environmental Loss Contingencies$1.1B$1.1B$1.1B$1.0B$1.0B$1.0B
Additional Cash Proceeds for additional 9 percent of Membership Interest in InfraCo (Optional)$600.0M—————
Allowance for doubtful accounts$95.0M$78.0M$72.0M$71.0M$59.0M$63.0M
Asbestos-related liabilities - noncurrent$713.0M$688.0M$665.0M$645.0M$628.0M$602.0M
Percentage of recorded asbestos liability related to future claims—75.0%74.0%74.0%—68.0%
Percentage of recorded asbestos liability related to pending claims—25.0%26.0%26.0%—32.0%
Total$2.3B$2.2B$2.2B$2.2B$2.3B$2.4B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$426.0M$426.0M$407.0M$446.0M$507.0M$530.0M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$405.0M$412.0M$403.0M$448.0M$510.0M$519.0M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five$1.2B$1.2B$1.2B$1.1B$1.1B$1.1B
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five$1.1B$1.1B$1.1B$1.0B$996.0M$1.0B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10$537.0M$524.0M$544.0M$549.0M$660.0M$711.0M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10$432.0M$425.0M$447.0M$468.0M$582.0M$617.0M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One$88.0M$110.0M$120.0M$113.0M$120.0M$81.0M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$78.0M$100.0M$113.0M$108.0M$115.0M$77.0M
Available for sale investments$2.0B$2.0B$2.0B$2.1B$2.2B$2.2B
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$5.0B$5.0B$5.0B$5.0B$5.0B$5.0B
Common stock, shares issued (in shares)$784.5M$785.9M$785.9M$786.0M$790.3M$791.9M
Deferred income taxes$392.0M$407.0M$378.0M$383.0M$364.0M$348.0M
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash, Offset Against Derivative Asset$0.0$0.0$0.0$0.0$0.0$0.0
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset$105.0M$182.0M$452.0M$296.0M$297.0M$979.0M
Derivatives, gross, liabilities$254.0M$448.0M$710.0M$448.0M$434.0M$1.1B
Derivative Liability$149.0M$265.0M$250.0M$150.0M$122.0M$164.0M
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset$16.0M$12.0M$15.0M$11.0M$20.0M$18.0M
Derivative netting, Liabilities$105.0M$183.0M$460.0M$298.0M$312.0M$985.0M
Property, plant and equipment — net$51.0M—————
Equity Method Investment, Liability, Noncurrent-$568.0M—$792.0M$892.0M$933.0M$1.0B
Equity Method Investment, Net of Investment Liabilities$698.0M—$470.0M$363.0M$331.0M$138.0M
Equity method investments (Note 11)$1.3B$1.3B$1.3B$1.3B$1.3B$1.1B
Trading securities, cost$153.0M$149.0M$145.0M$170.0M$225.0M$224.0M
Cash Proceeds from Sale of 40% Membership interests in Dow InfraCo$2.4B—————
Finite-Lived Intangible Assets, Accumulated Amortization$5.4B$5.5B$5.7B$5.7B$5.7B$5.8B
Gross Life Insurance, Corporate or Bank Owned, Amount$558.0M$544.0M$535.0M$515.0M$543.0M$514.0M
Raw materials$822.0M$847.0M$845.0M$839.0M$826.0M$851.0M
Liability for Asbestos and Environmental Claims, Gross$791.0M$767.0M$745.0M$726.0M$708.0M$684.0M
Life insurance$558.0M$344.0M$332.0M$313.0M$344.0M$317.0M
Long Term Debt, Accumulated Fair Value Adjustment$9.0M$29.0M$43.0M$35.0M$27.0M$27.0M
Long-Term Debt and Lease Obligation$15.7B$15.9B$16.2B$17.7B$17.8B$17.3B
Less: current maturities$497.0M$502.0M$401.0M$413.0M$222.0M$793.0M
Noncontrolling interests in subsidiaries$496.0M$507.0M$1.4B$1.5B$1.5B$1.5B
Percentage of Membership Interests in Dow InfraCo to be Sold40.0%—————
Postemployment benefit obligation$4.7B$4.7B$4.8B$4.7B$4.7B$4.5B
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied$759.0M$769.0M$762.0M$735.0M$617.0M$587.0M
Treasury stock, shares (in shares)$80.9M$79.1M$77.1M$75.2M$73.1M$71.2M