The Dow Chemical Company and Subsidiaries Consolidated Balance Sheets (In millions, except share amounts) At Dec 31, 2021 2020 Assets Current Assets Cash and cash equivalents $ 2,988 $ 5,104 Accounts and notes receivable: Trade (net of allowance for doubtful receivables - 2021: $54 ; 2020: $51 ) 6,841 5,090 Other 2,712 2,302 Inventories 7,372 5,701 Other current assets 924 801 Total current assets 20,837 18,998 Investments Investment in nonconsolidated affiliates 2,045 1,327 Other investments (investments carried at fair value - 2021: $2,079 ; 2020: $1,674 ) 3,193 2,775 Noncurrent receivables 452 426 Total investments 5,690 4,528 Property Property 57,604 56,325 Less: Accumulated depreciation 37,049 36,086 Net property 20,555 20,239 Other Assets Goodwill 8,764 8,908 Other intangible assets (net of accumulated amortization - 2021: $4,725 ; 2020: $4,428 ) 2,881 3,352 Operating lease right-of-use assets 1,412 1,856 Deferred income tax assets 1,358 2,215 Deferred charges and other assets 1,455 1,249 Total other assets 15,870 17,580 Total Assets $ 62,952 $ 61,345 Liabilities and Equity Current Liabilities Notes payable $ 161 $ 156 Long-term debt due within one year 231 460 Accounts payable: Trade 5,577 3,763 Other 2,841 2,126 Operating lease liabilities - current 314 416 Income taxes payable 623 397 Accrued and other current liabilities 3,299 3,256 Total current liabilities 13,046 10,574 Long-Term Debt 14,280 16,491 Other Noncurrent Liabilities Deferred income tax liabilities 506 405 Pension and other postretirement benefits - noncurrent 7,557 11,648 Asbestos-related liabilities - noncurrent 931 1,013 Operating lease liabilities - noncurrent 1,149 1,521 Other noncurrent obligations 6,454 6,124 Total other noncurrent liabilities 16,597 20,711 Stockholder's Equity Common stock (authorized and issued 100 shares of $0.01 par value each) — — Additional paid-in capital 8,159 7,603 Retained earnings 19,288 16,300 Accumulated other comprehensive loss (8,977) (10,855) Unearned ESOP shares (15) (49) The Dow Chemical Company’s stockholder's equity 18,455 12,999 Noncontrolling interests 574 570 Total equity 19,029 13,569 Total Liabilities and Equity $ 62,952 $ 61,345 See Notes to the Consolidated Financial Statements. 80