陶氏化学 2026年季度报告

FORM 10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedJune30, 2026or☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from __________to__________ Exact Name of Registrant as Specified in its Charter,Principal Office Address and Telephone Number Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days. ☑Yes☐NoThe Dow Chemical Company☑Yes☐No Dow Inc. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files). Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Table of Contents If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Dow Inc. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Dow Inc.☐Yes☑NoThe Dow Chemical Company☐Yes☑No Dow Inc. had 722,340,711 shares of common stock, $0.01 par value, outstanding at June30, 2026. The Dow Chemical Company had100shares of common stock, $0.01 par value, outstanding at June30, 2026, all of which were held by the registrant’s parent, Dow Inc. The Dow Chemical Company meets the conditions set forth in General Instruction H(1)(a) and (b) for Form 10-Q and therefore is filingthis form with the reduced disclosure format. Dow Inc. and SubsidiariesThe Dow Chemical Company and Subsidiaries QUARTERLY REPORT ON FORM 10-QFor the quarterly period ended June30, 2026 TABLE OF CONTENTS PART I – FINANCIAL INFORMATION Item1.Financial Statements.Dow Inc. and Subsidiaries:Consolidated Statements of Income.Consolidated Statements of Comprehensive Income.Consolidated Balance Sheets.Consolidated Statements of Cash Flows.Consolidated Statements of Equity.The Dow Chemical Company and Subsidiaries:Consolidated Statements of Income.Consolidated Statements of Comprehensive Income.Consolidated Balance Sheets.Consolidated Statements of Cash Flows.Consolidated Statements of Equity.Dow Inc. and Subsidiaries and The Dow Chemical Company and Subsidiaries:Notes to the Consolidated Financial Statements.Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.Results of Operations.Changes in Financial Condition.Other Matters.Item3.Quantitative and Qualitative Disclosures About Market Risk.Item4.Controls and Procedures.PART II – OTHER INFORMATIONItem1.Legal Proceedings.Item1A.Risk Factors.Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.Item 4.Mine Safety Disclosures.Item 5.Other Information.Item6.Exhibits.SIGNATURE 67 Dow Inc. and SubsidiariesThe Dow Chemical Company and Subsidiaries This Quarterly Report on Form 10-Q is a combined report being filed by Dow Inc. and The Dow Chemical Company anditsconsolidated subsidiaries (“TDCC” and together with Dow Inc., “Dow” or the "Company") due to the parent/subsidiaryrelationship between Dow Inc. and TDCC. The information reflected in the report is equally applicable to both Dow Inc. andTDCC, except where otherwise noted. Each of Dow Inc. and TDCC is filing information in this report on its own behalf andneither company makes any representation to the information relating to the other company. CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTSCertain statements in this report are “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of1934, asamended. Such statements often address expected future business and financial performance, financial condition, and othermatters, and often contain words or phrases such as “anticipate,” “believe,” "could," “estimate,” “expect,” “intend,” “may,”“opportunity,” “outlook,” “plan,” “project,” “seek,” “should,” “strategy,” “target,” “will,” “will be,” “willcontinue,” “will likely result,”“would” and similar expressions, and variations or negatives of these