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Dow DOW Balance Sheet Statement

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Cash and cash equivalents
$4.24B+7.2%$3.95B-16.9%$4.75B+89.0%$2.52B+61.8%$1.56B-31.3%
Restricted cash
$125M-8.1%$136M-6.2%$145M+23.9%$117M+30.0%$90M+21.6%
Accounts receivable, net
$5.19B+8.9%$4.76B-5.6%$5.04B-7.0%$5.43B+10.4%$4.92B+3.4%
Inventories
$7.24B+3.6%$6.98B-0.6%$7.02B-1.2%$7.11B-1.9%$7.25B+4.2%
Raw materials
$851M+3.0%$826M-1.5%$839M-0.7%$845M-0.2%$847M+3.0%
Work in process
$1.47B+18.3%$1.24B-4.7%$1.3B-4.8%$1.37B-0.2%$1.37B+3.4%
Finished goods
$3.73B-0.2%$3.74B+0.8%$3.71B-1.5%$3.76B-4.6%$3.95B+4.6%
Prepaid expenses and other current assets
$1.18B+16.0%$1.01B-15.7%$1.2B+25.4%$958M+4.8%$914M-8.0%
Trading assets
$77M-33.0%$115M+6.5%$108M-4.4%$113M+13.0%$100M+28.2%
Derivative assets
$217M+224%$67M-33.7%$101M-2.9%$104M+52.9%$68M-39.8%
Materials and supplies
$1.19B+0.8%$1.18B+0.4%$1.18B+3.4%$1.14B+4.9%$1.08B+4.3%
Total current assets
$19.47B+7.8%$18.06B-8.1%$19.65B+10.9%$17.71B+8.5%$16.33B-1.6%
Property and equipment, net
$22.11B-0.6%$22.25B-1.3%$22.54B+0.3%$22.48B+0.7%$22.33B+1.5%
Accumulated depreciation
$43.91B+0.7%$43.61B+1.9%$42.79B+1.0%$42.38B+3.6%$40.91B+2.0%
Operating lease right-of-use assets
$1.43B+5.2%$1.36B+3.2%$1.31B+5.5%$1.25B-5.6%$1.32B+2,727,272,727,173%
Goodwill
$7.95B-0.4%$7.98B-8.2%$8.69B-0.1%$8.7B+0.9%$8.62B+0.6%
Intangible assets, net
$1.43B-4.0%$1.49B-3.9%$1.55B-3.7%$1.61B-2.8%$1.65B-16.2%
Deferred tax assets
$348M-4.4%$364M-5.0%$383M+1.3%$378M-7.1%$407M-57.5%
Other non-current assets
$3.01B-0.3%$3.02B—$0—$0—$0-100%
Equity method investments
$224M-0.4%$225M+32.4%$170M+17.2%$145M-2.7%$149M-2.6%
Long-term investments
$4.59B0.0%$4.59B+2.1%$4.49B+0.2%$4.48B-0.5%$4.51B-3.7%
Available-for-sale securities
$1.02B+1.9%$996M-4.1%$1.04B-1.8%$1.06B-3.3%$1.09B-2.1%
Bank owned life insurance
$317M-7.8%$344M+9.9%$313M-5.7%$332M-3.5%$344M-38.4%
Equity securities
$8M-11.1%$9M-10.0%$10M-16.7%$12M+9.1%$11M-21.4%
Total noncurrent assets
$13.61B-0.2%$13.64B-4.7%$14.31B-0.1%$14.32B-0.1%$14.34B+2.1%
Total assets
$59.78B+2.1%$58.54B-4.0%$60.99B+3.4%$58.99B+2.6%$57.5B+0.3%
Accounts payable
$4.77B+14.9%$4.15B-8.5%$4.54B-8.3%$4.94B+0.4%$4.93B+1.6%
Accrued expenses
$1.03B+1.4%$1.01B-3.2%$1.04B-2.5%$1.07B-0.1%$1.07B-43.0%
Deferred revenue
$215M-2.7%$221M+0.5%$220M+12.2%$196M-5.3%$207M-15.2%
Current portion of long-term debt
$88M-2.2%$90M-32.3%$133M-10.7%$149M+9.6%$136M+0.7%
Operating lease liabilities, current
$348M+2.4%$340M+4.9%$324M-0.3%$325M-1.5%$330M+3.8%
Contract liabilities
$1.68B-3.0%$1.73B-3.6%$1.79B+25.2%$1.43B-1.9%$1.46B-1.4%
Income taxes payable
$344M+2.1%$337M+24.4%$271M-13.7%$314M+3.3%$304M+10.1%
Derivative liabilities
$18M-10.0%$20M+81.8%$11M-26.7%$15M+25.0%$12M-25.0%
Total current liabilities
$10.54B+14.7%$9.18B-9.1%$10.1B-3.6%$10.49B-0.9%$10.59B+2.9%
Long-term debt
$17.25B-3.3%$17.85B+0.8%$17.71B+9.0%$16.25B———
Operating lease liabilities, non-current
$1.15B+4.5%$1.1B+4.9%$1.05B+6.5%$982M-3.8%$1.02B+3.8%
Asset retirement obligations
$684M-3.4%$708M-2.5%$726M-2.6%$745M-2.9%$767M+341%
Other non-current liabilities
$8.59B+19.3%$7.2B-2.5%$7.38B+7.4%$6.88B+0.1%$6.87B+3.5%
Common stock
5B+62,400%8M-99.8%5B0.0%5B0.0%5B+62,400%
Additional paid-in capital
$11.06B-0.4%$11.11B+0.1%$11.1B+3.2%$10.76B+17.0%$9.2B-0.1%
Retained earnings
$15.99B-4.7%$16.78B-9.7%$18.58B-1.0%$18.77B-6.6%$20.1B-3.9%
Accumulated other comprehensive income (loss)
-$7.7B-0.5%-$7.66B+1.3%-$7.76B+0.8%-$7.83B+1.6%-$7.96B+1.9%
Treasury stock
$4.12B-2.8%$4.23B-3.3%$4.38B-2.1%$4.48B-1.9%$4.56B-2.0%
Noncontrolling interests
$1.51B0.0%$1.51B-0.6%$1.52B+11.9%$1.36B+168%$507M+2.2%
Total stockholders' equity
$15.25B-4.7%$16.01B-8.7%$17.54B+1.8%$17.23B+2.6%$16.79B-3.3%
Total liabilities and stockholders' equity
$59.78B+2.1%$58.54B-4.0%$60.99B+3.4%$58.99B+2.6%$57.5B+0.3%
Available-for-Sale Debt Securities - Amortized Cost
$81M-32.5%$120M+6.2%$113M-5.8%$120M+9.1%$110M+25.0%
Available-for-Sale Debt Securities - Amortized Cost (Due Within One Year)
$81M-32.5%$120M+6.2%$113M-5.8%$120M+9.1%$110M+25.0%
Allowance for Doubtful Accounts
$63M+6.8%$59M-16.9%$71M-1.4%$72M-7.7%$78M-17.9%
Allowance for Doubtful Accounts Receivable (Current)
$63M+6.8%$59M-16.9%$71M-1.4%$72M-7.7%$78M-17.9%
Cash, Cash Equivalents, and Marketable Securities
$2.23B+1,166%$176M-91.5%$2.06B+2.1%$2.02B-0.5%$2.03B+678%
Other current assets
$1.18B+16.0%$1.01B-15.7%$1.2B+25.4%$958M+4.8%$914M-8.0%
Other accounts receivable (net of allowances of $37 in 2026 and $37 in 2025)
$2.22B+18.6%$1.88B-11.4%$2.12B-5.0%$2.23B-1.7%$2.27B+7.5%
Derivative Assets - Fair Value
$1.2B+229%$364M-8.3%$397M-28.6%$556M+122%$250M+14.7%
Inventory Valuation Adjustments
$461M+18.8%$388M+11.2%$349M-14.9%$410M-14.8%$481M+16.5%
Other Receivables
$2.22B+18.6%$1.88B-11.4%$2.12B-5.0%$2.23B-1.7%$2.27B+7.5%
Trading Securities in Marketable Securities
$224M-0.4%$225M+32.4%$170M+17.2%$145M-2.7%$149M-2.6%
Available-for-Sale Debt Securities - Fair Value (Maturing 1 to 5 Years)
$1.07B+1.0%$1.06B-4.9%$1.11B-3.3%$1.15B-3.1%$1.19B-2.9%
Deferred Tax Assets and Other Non-Current Assets
$1.29B+106%$627M-53.3%$1.34B-0.1%$1.35B+4.7%$1.29B+119%
Disposal Group - Property, Plant, and Equipment (Non-Current)
——————————
Equity Securities Without Readily Determinable Fair Value - Cumulative Downward Adjustments
$224M-0.4%$225M+32.4%$170M+17.2%$145M-2.7%$149M-2.6%
Investments - Amortized Cost Basis
$224M-0.4%$225M+32.4%$170M+17.2%$145M-2.7%$149M-2.6%
Long-Term Accounts, Notes, and Loans Receivable, Net (Non-Current)
$444M+43.7%$309M-27.6%$427M-1.6%$434M+3.8%$418M+10.0%
Net Investment in Lease
$1.43B+5.2%$1.36B+3.2%$1.31B+5.5%$1.25B-5.6%$1.32B+4.1%
Deferred tax assets
$1.53B+0.9%$1.51B+6.6%$1.42B-0.4%$1.42B-2.5%$1.46B+16.1%
Other intangible assets—net
$1.43B-4.0%$1.49B-3.9%$1.55B-3.7%$1.61B-2.8%$1.65B-4.0%
Investments and long-term receivables
$4.59B0.0%$4.59B+2.1%$4.49B+0.2%$4.48B-0.5%$4.51B-3.7%
Operating lease right-of-use assets
$1.43B+5.2%$1.36B+3.2%$1.31B+5.5%$1.25B-5.6%$1.32B+4.1%
Other non-current assets
$1.29B-1.2%$1.31B-2.8%$1.34B-0.1%$1.35B+4.7%$1.29B+4.6%
Strategic investments
$3.01B-0.3%$3.02B+7.3%$2.81B+0.9%$2.79B-0.9%$2.81B-7.3%
Property, plant and equipment at cost
$66.02B+0.2%$65.86B+0.8%$65.33B+0.7%$64.86B+2.6%$63.24B+1.8%
Operating Lease Right-of-Use Assets in Other Assets
$1.43B+5.2%$1.36B+3.2%$1.31B+5.5%$1.25B-5.6%$1.32B+4.1%
Other Investments
$3.01B-0.3%$3.02B+7.3%$2.81B+0.9%$2.79B-0.9%$2.81B-7.3%
Software and Technology Licenses, Net
$1.29B-1.2%$1.31B-2.8%$1.34B-0.1%$1.35B+4.7%$1.29B+4.6%
Accrued Environmental Liabilities
$1.03B+1.4%$1.01B-3.2%$1.04B-2.5%$1.07B-0.1%$1.07B-3.7%
Accrued liabilities and other current
$1.39B-0.1%$1.39B-16.7%$1.67B-1.4%$1.7B+0.4%$1.69B-0.2%
Accrued Progress Collections and Price Adjustments
$1.68B-3.0%$1.73B-3.6%$1.79B+25.2%$1.43B-1.9%$1.46B-1.4%
Other Commercial Liabilities
$2.8B+5.8%$2.65B-3.8%$2.76B+3.7%$2.66B-1.6%$2.7B+7.0%
Accrued Income Taxes, Current
$344M+2.1%$337M+24.4%$271M-13.7%$314M+3.3%$304M+10.1%
Accrued Liabilities, Current
$2.8B+5.8%$2.65B-3.8%$2.76B+3.7%$2.66B-1.6%$2.7B+7.0%
Current Portion of Long-Term Debt and Finance Lease Obligations
$793M+257%$222M-46.2%$413M+3.0%$401M-20.1%$502M+1.0%
Derivative Liabilities Offset
$985M+216%$312M+4.7%$298M-35.2%$460M+151%$183M+74.3%
Accrued Employee Benefits (Non-Current)
$4.54B-3.2%$4.69B+0.8%$4.66B-2.3%$4.77B+1.4%$4.7B-0.8%
Contract Liabilities, Non-Current
$1.68B-3.0%$1.73B-3.6%$1.79B+25.2%$1.43B-1.9%$1.46B-1.4%
Debt Maturity - 5 to 10 Years
$519M+1.8%$510M+13.8%$448M+11.2%$403M-2.2%$412M+1.7%
Debt Maturity - Over 10 Years
$711M+7.7%$660M+20.2%$549M+0.9%$544M+3.8%$524M-2.4%
Long-Term Debt and Finance Lease Obligations
$17.25B-3.3%$17.85B+0.8%$17.71B+9.0%$16.25B+2.0%$15.93B+1.4%
Deferred revenue, net of current portion
$1.68B-3.0%$1.73B-3.6%$1.79B+25.2%$1.43B-1.9%$1.46B-1.4%
Common Stock Par Value Per Share
$0.010.0%$0.010.0%$0.010.0%$0.010.0%$0.010.0%
Common Stock Shares Issued
791.9M+0.2%790.3M+0.5%786M0.0%785.9M0.0%785.9M+0.2%
Additional paid-in capital
$11.06B-0.4%$11.11B+0.1%$11.1B+3.2%$10.76B+17.0%$9.2B-0.1%
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
$8M0.0%$8M0.0%$8M0.0%$8M0.0%$8M0.0%
Treasury Stock, Value
$4.12B-2.8%$4.23B-3.3%$4.38B-2.1%$4.48B-1.9%$4.56B-2.0%
Cumulative Cost Basis
$2.39B+2.0%$2.35B+5.6%$2.22B0.0%$2.22B-1.2%$2.25B-1.2%
Fair Value Measurement Disclosure
$1.15B+165%$434M-3.1%$448M-36.9%$710M+58.5%$448M+76.4%
Gross Assets/Liabilities
$164M+34.4%$122M-18.7%$150M-40.0%$250M-5.7%$265M+77.9%
Hedged Asset (Statement of Financial Position)
$5.89B+6.3%$5.54B0.0%$5.54B0.0%$5.54B+5.4%$5.26B+2.5%
Accrual for Environmental Loss Contingencies
$1.03B+1.4%$1.01B-3.2%$1.04B-2.5%$1.07B-0.1%$1.07B-3.7%
Additional Cash Proceeds for additional 9 percent of Membership Interest in InfraCo (Optional)
——————————
Allowance for doubtful accounts
$63M+6.8%$59M-16.9%$71M-1.4%$72M-7.7%$78M-17.9%
Asbestos-related liabilities - noncurrent
$602M-4.1%$628M-2.6%$645M-3.0%$665M-3.3%$688M-3.5%
Percentage of recorded asbestos liability related to future claims
68%———74%0.0%74%-1.0%75%—
Percentage of recorded asbestos liability related to pending claims
32%———26%0.0%26%+1.0%25%—
Total
$2.39B+2.0%$2.35B+5.6%$2.22B0.0%$2.22B-1.2%$2.25B-1.2%
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10
$530M+4.5%$507M+13.7%$446M+9.6%$407M-4.5%$426M0.0%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10
$519M+1.8%$510M+13.8%$448M+11.2%$403M-2.2%$412M+1.7%
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five
$1.07B+1.0%$1.06B-4.9%$1.11B-3.3%$1.15B-3.1%$1.19B-2.9%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five
$1.02B+1.9%$996M-4.1%$1.04B-1.8%$1.06B-3.3%$1.09B-2.1%
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10
$711M+7.7%$660M+20.2%$549M+0.9%$544M+3.8%$524M-2.4%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10
$617M+6.0%$582M+24.4%$468M+4.7%$447M+5.2%$425M-1.6%
Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One
$81M-32.5%$120M+6.2%$113M-5.8%$120M+9.1%$110M+25.0%
Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One
$77M-33.0%$115M+6.5%$108M-4.4%$113M+13.0%$100M+28.2%
Available for sale investments
$2.23B+1.1%$2.2B+6.8%$2.06B+2.1%$2.02B-0.5%$2.03B-0.1%
Common stock, par value (in dollars per share)
$0.010.0%$0.010.0%$0.010.0%$0.010.0%$0.010.0%
Common stock, shares authorized (in shares)
$5B0.0%$5B0.0%$5B0.0%$5B0.0%$5B0.0%
Common stock, shares issued (in shares)
$791.9M+0.2%$790.29M+0.5%$785.97M0.0%$785.94M0.0%$785.93M+0.2%
Deferred income taxes
$348M-4.4%$364M-5.0%$383M+1.3%$378M-7.1%$407M+3.8%
Derivative Asset, Subject to Master Netting Arrangement, Collateral, Obligation to Return Cash, Offset Against Derivative Asset
$0—$0—$0—$0—$0—
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset
$979M+230%$297M+0.3%$296M-34.5%$452M+148%$182M+73.3%
Derivatives, gross, liabilities
$1.15B+165%$434M-3.1%$448M-36.9%$710M+58.5%$448M+76.4%
Derivative Liability
$164M+34.4%$122M-18.7%$150M-40.0%$250M-5.7%$265M+77.9%
Derivative Liability, Subject to Master Netting Arrangement, Collateral, Right to Reclaim Cash Offset
$18M-10.0%$20M+81.8%$11M-26.7%$15M+25.0%$12M-25.0%
Derivative netting, Liabilities
$985M+216%$312M+4.7%$298M-35.2%$460M+151%$183M+74.3%
Property, plant and equipment — net
——————————
Equity Method Investment, Liability, Noncurrent
$1B+7.2%$933M+4.6%$892M+12.6%$792M———
Equity Method Investment, Net of Investment Liabilities
$138M-58.3%$331M-8.8%$363M-22.8%$470M———
Equity method investments (Note 11)
$1.14B-10.0%$1.26B+0.7%$1.26B-0.6%$1.26B-1.0%$1.28B+0.7%
Trading securities, cost
$224M-0.4%$225M+32.4%$170M+17.2%$145M-2.7%$149M-2.6%
Cash Proceeds from Sale of 40% Membership interests in Dow InfraCo
——————————
Finite-Lived Intangible Assets, Accumulated Amortization
$5.77B+0.8%$5.73B+0.4%$5.7B+0.7%$5.66B+2.6%$5.52B+2.3%
Gross Life Insurance, Corporate or Bank Owned, Amount
$514M-5.3%$543M+5.4%$515M-3.7%$535M-1.7%$544M-2.5%
Raw materials
$851M+3.0%$826M-1.5%$839M-0.7%$845M-0.2%$847M+3.0%
Liability for Asbestos and Environmental Claims, Gross
$684M-3.4%$708M-2.5%$726M-2.6%$745M-2.9%$767M-3.0%
Life insurance
$317M-7.8%$344M+9.9%$313M-5.7%$332M-3.5%$344M-38.4%
Long Term Debt, Accumulated Fair Value Adjustment
$27M0.0%$27M-22.9%$35M-18.6%$43M+48.3%$29M+222%
Long-Term Debt and Lease Obligation
$17.25B-3.3%$17.85B+0.8%$17.71B+9.0%$16.25B+2.0%$15.93B+1.4%
Less: current maturities
$793M+257%$222M-46.2%$413M+3.0%$401M-20.1%$502M+1.0%
Noncontrolling interests in subsidiaries
$1.51B0.0%$1.51B-0.6%$1.52B+11.9%$1.36B+168%$507M+2.2%
Percentage of Membership Interests in Dow InfraCo to be Sold
——————————
Postemployment benefit obligation
$4.54B-3.2%$4.69B+0.8%$4.66B-2.3%$4.77B+1.4%$4.7B-0.8%
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied
$587M-4.9%$617M-16.1%$735M-3.5%$762M-0.9%$769M+1.3%
Treasury stock, shares (in shares)
$71.15M-2.6%$73.07M-2.8%$75.2M-2.5%$77.1M-2.5%$79.07M-2.2%

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Questions, answered.

What are Dow's total assets?
Dow (DOW) holds $59.8B in total assets, up 4.0% year over year.
How much debt does Dow have?
Dow carries $18.8B in total debt against $15.2B of shareholders' equity, a debt-to-equity ratio of 1.24.
How much cash does Dow have?
Dow holds $4.2B in cash and equivalents.
Can Dow cover its short-term obligations?
Its current ratio is 1.85 — current assets exceed current liabilities.
Where does Dow's balance sheet data come from?
Every line is extracted from Dow's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.