8-KOther EventsExhibits & Filings

DOW INC. 8-K Report, Corporate Update (Jul 25, 2019)

Filed July 25, 2019For Securities:DOW

Summary

This 8-K filing from Dow Inc. (DOW) on July 25, 2019, primarily serves to recast and present the financial information of Dow Inc. following its separation from DowDuPont. Effective April 1, 2019, Dow Inc. became the direct parent company of The Dow Chemical Company, consolidating its materials science business. This report reflects the historical results of The Dow Chemical Company (TDCC) as the predecessor to Dow Inc. for periods prior to March 31, 2019, under a combined reporting format. The filing also details the retrospective adjustments to Dow's 2018 Annual Report on Form 10-K to account for the distribution of DowDuPont's agricultural sciences and specialty products businesses and the acquisition of DuPont's ethylene and ethylene copolymers businesses. Investors should note that the financial information presented is recasted to reflect these significant structural changes and the emergence of Dow Inc. as a distinct entity focused on its materials science operations, now organized into three operating segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics.

Key Highlights

  • 1Dow Inc. officially emerged as the direct parent company of The Dow Chemical Company (TDCC) on April 1, 2019, following the separation of its materials science business from DowDuPont.
  • 2The filing recasts Dow's 2018 Annual Report on Form 10-K to reflect post-separation financial structures and business realignments.
  • 3Historical financial results prior to March 31, 2019, will be presented under TDCC as the predecessor to Dow Inc.
  • 4The financial statements will account for the distribution of DowDuPont's agricultural sciences and specialty products businesses as discontinued operations.
  • 5Dow's business portfolio has been reorganized into three primary operating segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics.
  • 6The acquisition of DuPont's ethylene and ethylene copolymers businesses (excluding ethylene acrylic elastomers) is reflected as a common control transaction.
  • 7This report should be read in conjunction with Dow's 2018 10-K and subsequent 10-Q filings for a comprehensive view.

Frequently Asked Questions

The primary purpose is to formally present Dow Inc.'s financial information following its separation from DowDuPont and its establishment as the parent company of The Dow Chemical Company, focusing on its materials science business. It also recasts historical financial data to reflect these significant structural changes.

Historical financial results prior to March 31, 2019, will be presented as if they were those of Dow Inc., with The Dow Chemical Company (TDCC) recognized as its predecessor. The filing also retroactively incorporates the impact of asset distributions and acquisitions that occurred during the DowDuPont merger and subsequent realignments.

Following the separation and internal reorganization, Dow Inc.'s business is now organized into three global operating segments: Performance Materials & Coatings, Industrial Intermediates & Infrastructure, and Packaging & Specialty Plastics.

No, this 8-K filing focuses on recasting historical financial information. For more current financial information and events subsequent to the original 2018 10-K filing date, investors should refer to Dow's Quarterly Reports on Form 10-Q for the periods ended March 31, 2019, and June 30, 2019.