Item 16. FORM 10-K SUMMARY

Not applicable.


			Dow Inc. and Subsidiaries
			The Dow Chemical Company and Subsidiaries
			Valuation and Qualifying Accounts			Schedule II


(In millions) For the years ended Dec 31,	2023		2022		2021
Accounts Receivable - Allowance for Doubtful Receivables
Balance at beginning of year	$	110	$	54	$	51
Additions charged to expenses	21		61		16

Deductions from reserves 1	(50)		(5)		(13)
Balance at end of year	$	81	$	110	$	54
Inventory - Obsolescence Reserve
Balance at beginning of year	$	57	$	14	$	23
Additions charged to expenses	20		50		3
Deductions from reserves 2	(7)		(7)		(12)
Balance at end of year	$	70	$	57	$	14
Reserves for Other Investments and Noncurrent Receivables
Balance at beginning of year	$	1,950	$	2,033	$	2,093
Additions charged to expenses 3	31		17		19
Deductions from reserves 4	(230)		(100)		(79)
Balance at end of year	$	1,751	$	1,950	$	2,033
Deferred Tax Assets - Valuation Allowance
Balance at beginning of year	$	1,269	$	1,391	$	1,302
Additions charged to expenses 5	1,864		120		201
Deductions from reserves	(185)		(242)		(112)
Balance at end of year	$	2,948	$	1,269	$	1,391

1.Deductions included write-offs, recoveries, currency translation adjustments and other miscellaneous items, including a $23 million reclassification to "Reserves for Other Investments and Noncurrent Receivables" in 2023.

2.Deductions included disposals and currency translation adjustments.

3.Additions included a $23 million reclassification from "Accounts Receivable - Allowance for Doubtful Receivables" in 2023.

4.Deductions included $143 million in 2023 related to the Company's investment in AgroFresh Solutions Inc., which was converted to cash, and $77 million in 2023, 2022 and 2021 related to the Company's investment in Sadara. See Note 10 to the Consolidated Financial Statements for additional information.

5.Additions in 2023 include increases in valuation allowances related to foreign tax assets that are expected to expire without being utilized.

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						Dow Inc. and Subsidiaries The Dow Chemical Company and Subsidiaries
						Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized, on January 31, 2024.


DOW INC.
THE DOW CHEMICAL COMPANY

/s/ RONALD C. EDMONDS
Ronald C. Edmonds, Controller and Vice President of Controllers and Tax (Authorized Signatory and Principal Accounting Officer)

Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed below on January 31, 2024, by the following persons on behalf of the registrant and in the capacities indicated.



/s/ SAMUEL R. ALLEN						/s/ JEFF M. FETTIG
Samuel R. Allen, Director, Dow Inc.						Jeff M. Fettig, Director, Dow Inc.

/s/ GAURDIE E. BANISTER JR.						/s/ JIM FITTERLING
Gaurdie E. Banister Jr., Director, Dow Inc.						Jim Fitterling, Director, Chair and Chief Executive Officer, Dow Inc. and TDCC (Principal Executive Officer)

/s/ WESLEY G. BUSH						/s/ JACQUELINE C. HINMAN
Wesley G. Bush, Director, Dow Inc.						Jacqueline C. Hinman, Director, Dow Inc.

/s/ RICHARD K. DAVIS						/s/ LUIS ALBERTO MORENO MEJIA
Richard K. Davis, Lead Director, Dow Inc.						Luis Alberto Moreno Mejia, Director, Dow Inc.

/s/ JERRI DEVARD						/s/ JEFFREY L. TATE
Jerri DeVard, Director, Dow Inc.						Jeffrey L. Tate, Chief Financial Officer, Dow Inc. and TDCC; Director, TDCC (Principal Financial Officer)

/s/ DEBRA L. DIAL						/s/ JILL S. WYANT
Debra L. Dial, Director, Dow Inc.						Jill S. Wyant, Director, Dow Inc.

/s/ RONALD C. EDMONDS						/s/ DANIEL W. YOHANNES
Ronald C. Edmonds, Controller and Vice President of Controllers and Tax, Dow Inc. and TDCC (Authorized Signatory and Principal Accounting Officer)						Daniel W. Yohannes, Director, Dow Inc.

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Dow Inc. and Subsidiaries The Dow Chemical Company and Subsidiaries
Trademark Listing

The following trademarks or service marks of The Dow Chemical Company and certain affiliated companies of Dow appear in this report: ACOUSTICRYL, ACRYSOL, ACUSOL, AMPLIFY, AQUASET, AVANSE, CARBOWAX, DECARBIA, DOW, DOWANOL, DOWSIL, DOWTHERM, ECOFAST, ECOSENSE, EVOQUE, EVOWASH, FASTRACK, FORMASHIELD, LP OXO, LUXSENSE, MAINCOTE, MOBILITYSCIENCE, PRIMAL, RENUVA, REVOLOOP, RHOPLEX, SENTRY, SILASTIC, SUNSPHERES, SURLYN, SYL-OFF, TAMOL, TERGITOL, TRITON, UCAR, UCON, UNIFINITY, VERSENE, WALOCEL

The following registered service mark of American Chemistry Council in the United States appears in this report:

Responsible Care®

The following trademark of the Business Intelligence Group™ appears in this report: BIG Innovation Awards

The following trademark of Clarivate™ appears in this report: Top 100 Global Innovators™

The following registered trademark of US Business Leadership Network, Inc. appears in this report: Disability Equality Index™, Best Places to Work for Disability Inclusion™

The following trademark of The Edison Awards™ appears in this report: Edison Awards™

The following trademark of Evonik Operations GmbH appears in this report: HYPROSYN™

The following trademarks and registered trademarks of Great Place to Work® Institute, Inc. appears in this report: Great Place to Work®, Fortune 100 Best Companies to Work For®

The following trademarks of Ti Gotham Inc. appears in this report: PEOPLE®, PEOPLE® Companies that Care

The following registered trademark of InspereX Holdings LLC appears in this report: InterNotes®

The following trademark of Mura Technology Limited appears in this report: HydroPRS™

® ™ Trademark of The Dow Chemical Company ("TDCC") or an affiliated company, except as otherwise specified.

Previous: Item 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES