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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$24.2B
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$1B$1B$1B
Accrued expenses$1.9B$1.1B$1.1B$1B$1B$1B
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$276M$304M$314M$271M$337M$344M
Accrued Liabilities, Current$2.5B$2.7B$2.7B$2.8B$2.6B$2.8B
Current portion of long-term debt$135M$136M$149M$133M$90M$88M
Current Portion of Long-Term Debt and Finance Lease Obligations$497M$502M$401M$413M$222M$793M
Deferred revenue$244M$207M$196M$220M$221M$215M
Derivative Liabilities Offset$105M$183M$460M$298M$312M$985M
Derivative liabilities$16M$12M$15M$11M$20M$18M
Income taxes payable$276M$304M$314M$271M$337M$344M
Operating lease liabilities, current$318M$330M$325M$324M$340M$348M
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$5B$4.8B$5.2B
Available-for-Sale Debt Securities - Amortized Cost$88M$110M$120M$113M$120M$81M
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)$88M$110M$120M$113M$120M$81M
Allowance for Doubtful Accounts$95M$78M$72M$71M$59M$63M
Allowance for Doubtful Accounts Receivable (Current)$95M$78M$72M$71M$59M$63M
Cash and cash equivalents$2.3B$1.6B$2.5B$4.8B$4B$4.2B
Cash, Cash Equivalents, and Marketable Securities$261M$2B$2B$2.1B$176M$2.2B
Other current assets$993M$914M$958M$1.2B$1B$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$218M$250M$556M$397M$364M$1.2B
Derivative assets$113M$68M$104M$101M$67M$217M
Trading assets$78M$100M$113M$108M$115M$77M
Finished goods$3.8B$3.9B$3.8B$3.7B$3.7B$3.7B
Raw materials$822M$847M$845M$839M$826M$851M
Work in process$1.3B$1.4B$1.4B$1.3B$1.2B$1.5B
Inventories$7B$7.2B$7.1B$7B$7B$7.2B
Inventory Valuation Adjustments$413M$481M$410M$349M$388M$461M
Other Receivables$2.1B$2.3B$2.2B$2.1B$1.9B$2.2B
Prepaid expenses and other current assets$993M$914M$958M$1.2B$1B$1.2B
Materials and supplies$1B$1.1B$1.1B$1.2B$1.2B$1.2B
Restricted cash$74M$90M$117M$145M$136M$125M
Total current assets$16.6B$16.3B$17.7B$19.6B$18.1B$19.5B
Trading Securities in Marketable Securities$153M$149M$145M$170M$225M$224M

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$174M$767M$745M$726M$708M$684M
Contract Liabilities, Non-Current$1.5B$1.5B$1.4B$1.8B$1.7B$1.7B
Debt Maturity - 5 to 10 Years$405M$412M$403M$448M$510M$519M
Debt Maturity - Over 10 Years$537M$524M$544M$549M$660M$711M
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$984M$1B$982M$1B$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-$8B-$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$8M$8M$8M$8M$8M$8M
Treasury Stock, Value$4.7B$4.6B$4.5B$4.4B$4.2B$4.1B
Noncontrolling interests$496M$507M$1.4B$1.5B$1.5B$1.5B
Retained earnings$20.9B$20.1B$18.8B$18.6B$16.8B$16B
Total liabilities and stockholders' equity$57.3B$57.5B$59B$61B$58.5B$59.8B
Total stockholders' equity$17.4B$16.8B$17.2B$17.5B$16B$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$558M$344M$332M$313M$344M$317M
Deferred tax assets$957M$407M$378M$383M$364M$348M
Deferred Tax Assets and Other Non-Current Assets$586M$1.3B$1.3B$1.3B$627M$1.3B
Disposal Group - Property, Plant, and Equipment (Non-Current)$51M—————
Equity method investments$153M$149M$145M$170M$225M$224M
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments$153M$149M$145M$170M$225M$224M
Available-for-sale securities$1.1B$1.1B$1.1B$1B$996M$1B
Goodwill$8.6B$8.6B$8.7B$8.7B$8B$7.9B
Equity securities$14M$11M$12M$10M$9M$8M
Intangible assets, net$2B$1.7B$1.6B$1.5B$1.5B$1.4B
Investments - Amortized Cost Basis$153M$149M$145M$170M$225M$224M
Long-Term Accounts, Notes, and Loans Receivable, Net (Non-Current)$380M$418M$434M$427M$309M$444M
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$3B$2.8B$2.8B$2.8B$3B$3B
Property, plant and equipment at cost$62.1B$63.2B$64.9B$65.3B$65.9B$66B
Operating lease right-of-use assets$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$3B$2.8B$2.8B$2.8B$3B$3B
Other non-current assets$18.2B$0$0$0$3B$3B
Accumulated depreciation$40.1B$40.9B$42.4B$42.8B$43.6B$43.9B
Property and equipment, net$22B$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$59B$61B$58.5B$59.8B
Total noncurrent assets$14B$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$254M$448M$710M$448M$434M$1.1B
Gross Assets/Liabilities$149M$265M$250M$150M$122M$164M
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$1B$1B$1B
Additional Cash Proceeds for additional 9 percent of Membership Interest in InfraCo (Optional)$600M—————
Allowance for doubtful accounts$95M$78M$72M$71M$59M$63M
Asbestos-related liabilities - noncurrent$713M$688M$665M$645M$628M$602M
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$426M$426M$407M$446M$507M$530M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10$405M$412M$403M$448M$510M$519M
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$1B$996M$1B
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10$537M$524M$544M$549M$660M$711M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10$432M$425M$447M$468M$582M$617M
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One$88M$110M$120M$113M$120M$81M
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One$78M$100M$113M$108M$115M$77M
Available for sale investments$2B$2B$2B$2.1B$2.2B$2.2B
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$5B$5B$5B$5B$5B$5B
Common stock, shares issued (in shares)$784.5M$785.9M$785.9M$786M$790.3M$791.9M
Deferred income taxes$392M$407M$378M$383M$364M$348M
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash, Offset Against Derivative Asset$0$0$0$0$0$0
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset$105M$182M$452M$296M$297M$979M
Derivatives, gross, liabilities$254M$448M$710M$448M$434M$1.1B
Derivative Liability$149M$265M$250M$150M$122M$164M
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset$16M$12M$15M$11M$20M$18M
Derivative netting, Liabilities$105M$183M$460M$298M$312M$985M
Property, plant and equipment — net$51M—————
Equity Method Investment, Liability, Noncurrent-$568M—$792M$892M$933M$1B
Equity Method Investment, Net of Investment Liabilities$698M—$470M$363M$331M$138M
Equity method investments (Note 11)$1.3B$1.3B$1.3B$1.3B$1.3B$1.1B
Trading securities, cost$153M$149M$145M$170M$225M$224M
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$558M$544M$535M$515M$543M$514M
Raw materials$822M$847M$845M$839M$826M$851M
Liability for Asbestos and Environmental Claims, Gross$791M$767M$745M$726M$708M$684M
Life insurance$558M$344M$332M$313M$344M$317M
Long Term Debt, Accumulated Fair Value Adjustment$9M$29M$43M$35M$27M$27M
Long-Term Debt and Lease Obligation$15.7B$15.9B$16.2B$17.7B$17.8B$17.3B
Less: current maturities$497M$502M$401M$413M$222M$793M
Noncontrolling interests in subsidiaries$496M$507M$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$759M$769M$762M$735M$617M$587M
Treasury stock, shares (in shares)$80.9M$79.1M$77.1M$75.2M$73.1M$71.2M