Dow Inc. and Subsidiaries Consolidated Statements of Equity (In millions, except per share amounts) For the years ended Dec 31, 2021 2020 2019 Common Stock Balance at beginning of year $ 8 $ 8 $ — Common stock issued — — 8 Balance at end of year 8 8 8 Additional Paid-in Capital Balance at beginning of year 7,595 7,325 7,042 Common stock issued / sold 320 108 57 Issuance of parent company stock - DowDuPont Inc. — — 28 Stock-based compensation and allocation of ESOP shares 236 162 235 Other — — (37) Balance at end of year 8,151 7,595 7,325 Retained Earnings Balance at beginning of year 16,361 17,045 35,460 Net income (loss) available for Dow Inc.'s common stockholders 6,311 1,225 (1,359) Dividends to stockholders (2,073) (2,071) (1,550) Dividends to DowDuPont Inc. — — (535) Common control transaction 46 177 (14,806) Adoption of accounting standards — — (151) Other (22) (15) (14) Balance at end of year 20,623 16,361 17,045 Accumulated Other Comprehensive Loss Balance at beginning of year (10,855) (10,246) (9,885) Other comprehensive income (loss) 1,878 (609) (1,154) Common control transaction — — 793 Balance at end of year (8,977) (10,855) (10,246) Unearned ESOP Shares Balance at beginning of year (49) (91) (134) Stock-based compensation and allocation of ESOP shares 34 42 45 ESOP shares acquired — — (2) Balance at end of year (15) (49) (91) Treasury Stock Balance at beginning of year (625) (500) — Treasury stock purchases (1,000) (125) (500) Balance at end of year (1,625) (625) (500) Dow Inc.'s stockholders' equity 18,165 12,435 13,541 Noncontrolling Interests 574 570 553 Total Equity $ 18,739 $ 13,005 $ 14,094 Dividends declared per share of common stock $ 2.80 $ 2.80 $ 2.10 See Notes to the Consolidated Financial Statements. 77