Information in the 2018 10-K is generally stated as of December 31, 2018, and this filing does not reflect any subsequent information or events other than the changes described above. Without limiting the foregoing, this filing does not purport to update Management's Discussion and Analysis of Financial Condition and Results of Operations contained in the 2018 10-K for any information, uncertainties, transactions, risks, events or trends occurring, or known to management. More current information regarding events subsequent to the filing date of the original 2018 10-K is contained in the Company's Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2019 and June 30, 2019, and other filings with the SEC. This Current Report on Form 8-K should be read in conjunction with the 2018 10-K and such Quarterly Reports on Form 10-Q and other filings made with the SEC, including, and subsequent to the date of, the 2018 10-K.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The exhibits listed on the Exhibit Index are incorporated herein by reference.
EXHIBIT INDEX
Exhibit No.
Exhibit Description
Subsidiaries of The Dow Chemical Company.
Consent of Independent Registered Public Accounting Firm for Dow Inc.
Consent of Independent Registered Public Accounting Firm for The Dow Chemical Company.
Ankura Consulting Group, LLC's Consent.
As Recasted Part I, Item 1. Business, Item 1A. Risk Factors, Item 2. Properties and Item 3. Legal Proceedings. As Recasted Part II, Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities, Item 6. Selected Financial Data, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Item 7A. Quantitative and Qualitative Disclosures About Market Risk and Item 8. Financial Statements and Supplementary Data. As Recasted Part IV, Item 15. Exhibits, Financial Statement Schedules.
101.INS
XBRL Instance Document.
101.SCH
XBRL Taxonomy Extension Schema Document.
101.CAL
XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF
XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB
XBRL Taxonomy Extension Label Linkbase Document.
101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.
DOW INC.
THE DOW CHEMICAL COMPANY
Date: July 25, 2019
/s/ RONALD C. EDMONDS
Ronald C. Edmonds
Controller and Vice President of Controllers and Tax
Subsidiaries of The Dow Chemical Company 1
EXHIBIT 21
At December 31, 2018
Location 2
This list includes companies for which the effective ownership by The Dow Chemical Company is 50 percent or more.
3229809 Nova Scotia Company
Canada
3294027 Nova Scotia Company
3308597 Nova Scotia Company
AM Robin LLC
Delaware
Amerchol Corporation
Delaware
American Mortell Corporation
Texas
Arabian Chemical Company (Latex) Ltd. 3
Saudi Arabia
Arabian Chemical Company (Polystyrene) Limited 3
BASF DOW HPPO B.V. 3
Netherlands
BASF DOW HPPO Technology B.V. 3
Battleground Water Company
Beijing Eastern Rohm and Haas Company Limited
China
Blue Creek Coal Company, Inc.
Calidria Corporation
Carbide Chemical (Thailand) Limited
Thailand
Cayuse Pipeline, Inc.
Charles Lennig & Company LLC
Chemars III LLC
Chemtech II L.P.
Chemtech Portfolio II Inc.
Michigan
Chemtech Portfolio Inc.
CHPM Company Limited
United Kingdom
Cisvaal (Proprietary) Limited
South Africa
DC Alabama, Inc.
DCC Litigation Facility, Inc.
DCOMCO, Inc.
Denmerco Inc.
Devonshire Underwriters Ltd.
District of Columbia
DoNedPa B.V.
Dorinco Reinsurance Company
Dorintal Reinsurance Limited
Vermont
Dow (Shanghai) Holding Co., Ltd.
Dow (Shanghai) Management Co., Ltd.
Dow (Zhangjiagang) Holding Co., Ltd.
Dow Austria Gesellschaft m.b.H.
Austria
Dow Belgium B.V.B.A.
Belgium
Dow Benelux B.V.
Dow Benelux Integrated Center B.V.
Dow Beteiligungsgesellschaft mbH & Co. KG
Germany
Dow Brasil Industria e Comercio de Produtos Quimicos Ltda.
Brazil
Dow Brasil Sudeste Industrial Ltda.
Dow Capital Public Limited Company
Ireland
Dow Chemical (Australia) Pty Ltd
Australia
Dow Chemical (China) Investment Company Limited
Dow Chemical (Guangzhou) Company Limited
Dow Chemical (Malaysia) Sdn. Bhd.
Malaysia
Dow Chemical (Myanmar) Ltd.
Myanmar
Dow Chemical (NZ) Limited
New Zealand
Dow Chemical (Shanghai) Company Limited
5
Dow Chemical (Sichuan) Co., Ltd.
Dow Chemical (Singapore) Private Limited
Singapore
Dow Chemical (Zhangjiagang) Company Limited
Dow Chemical Bangladesh Private Limited
Bangladesh
Dow Chemical Canada ULC
Dow Chemical China Holdings Pte. Ltd.
Dow Chemical Company Limited
Dow Chemical Costa Rica S.A.
Costa Rica
Dow Chemical Delaware Corp.
Dow Chemical East Africa Limited
Kenya
Dow Chemical Iberica S.L.
Spain
Dow Chemical IMEA GmbH
Switzerland
Dow Chemical Inter-American Limited
Dow Chemical International Ltd.
Dow Chemical International Private Limited
India
Dow Chemical Japan Limited
Japan
Dow Chemical Korea Limited
Korea
Dow Chemical Kuwait B.V.
Dow Chemical OOO
Russia
Dow Chemical Pacific (Singapore) Private Limited
Dow Chemical Pacific Limited
Hong Kong
Dow Chemical Philippines, Inc.
Philippines
Dow Chemical Romania S.R.L.
Romania
Dow Chemical Services UK Limited
Dow Chemical Silicones Korea, Ltd.
Dow Chemical Singapore Holdings Pte. Ltd.
Dow Chemical Taiwan Limited
Taiwan
Dow Chemical Telecommunications Corp.
Dow Chemical Thailand Ltd.
Dow Chemical Tianjin Holdings Pte. Ltd.
Dow Chemical Vietnam Limited Liability Company
Vietnam
Dow Chemical West Africa Limited
Ghana
Dow Corning (Thailand) Limited
Dow Corning Australia Pty. Ltd.
Dow Corning China Limited
Dow Corning de Argentina S.R.L.
Argentina
Dow Corning France S.A.S.
France
Dow Corning Silicones Malaysia SDN. BHD.
Dow Corning Singapore Pte. Ltd.
Dow Danmark A/S
Denmark
Dow Deutschland Anlagengesellschaft mbH
Dow Deutschland Inc.
Dow Deutschland Verwaltungs Vertriebs GmbH
Dow Egypt Services Limited
Egypt
Dow Engineering Company
Dow Engineering, Inc.
Dow Especialidades Quimicas Ltda.
Dow Europe GmbH
Dow Europe Holding B.V.
6
Dow Financial Services Inc.
Dow France S.A.S.
Dow Global Financial Management, Inc.
Dow Global Technologies LLC
Dow Hellas A.E.
Greece
Dow Hungary Kft.
Hungary
Dow Hydrocarbons and Resources LLC
Dow Industrial Chemical Products Nigeria Limited
Nigeria
Dow InterBranch B.V.
Dow Internacional Mexicana S.A. de C.V.
Mexico
Dow International Finance S.a.r.l.
Luxembourg
Dow International Financial Services
Dow International Holdings Company
Dow International Holdings S.A.
Dow International Technology Corporation
Dow Intrastate Gas Company
Louisiana
Dow Investment Argentina S.R.L.
Dow Italia Divisione Commerciale s.r.l.
Italy
Dow Italia s.r.l.
Dow Izolan OOO
Dow Izolan Ukraine LLC
Ukraine
Dow Japan Holdings K.K.
Dow Limited
Dow Luxembourg Galaxy Holding S.a.r.l.
Dow Luxembourg Spectrum Holding S.a.r.l.
Dow Material Sciences Ltd.
Israel
Dow Materials Science Saudi Arabia Limited
Dow MF Verwaltungs GmbH
Dow Mideast Systems S.A.E. (JSC)
Dow-Mitsui Polychemicals Company, Ltd 3
Dow Morocco SARL
Morocco
Dow Netherlands Holding 1 B.V.
Dow Netherlands Nordic Holding B.V.
Dow Netherlands Orange Holding B.V.
Dow Netherlands Pacific Holding B.V.
Dow Netherlands Tulip Holding B.V.
Dow Norge A/S
Norway
Dow Olefinverbund GmbH
Dow Performance Materials (Australia) Pty Ltd
Dow Peru S.A.
Peru
Dow Pipeline Company
Dow Pipeline Gesellschaft mbH & Co. KG
Dow Pipeline Verwaltungsgesellschaft mbH
Dow Polska Sp.z.o.o.
Poland
Dow Portugal Produtos Quimicos, Unipessoal, Lda.
Portugal
Dow Produktions und Vertriebs GmbH & Co. OHG
Dow Quimica Argentina S.R.L.
Dow Quimica Chilena S.A.
Chile
Dow Quimica de Colombia S.A.
Colombia
7
Dow Quimica Mexicana S.A. de C.V.
Dow Roofing Systems LLC
Dow Saudi Arabia Holding B.V.
Dow Saudi Arabia Investment B.V.
Dow Saudi Arabia Product Marketing B.V.
Dow Services Trustees UK Limited
Dow Silicones (Shanghai) Co., Ltd.
Dow Silicones (Zhangjiagang) Co., Ltd.
Dow Silicones Belgium SPRL
Dow Silicones Corporation
Dow Silicones Deutschland GmbH
Dow Silicones Holding Japan G.K.
Dow Silicones Netherlands Holding B.V.
Dow Silicones UK Limited
Dow Siloxane (Zhangjiagang) Holding Co. Private Ltd.
Dow Siloxanes (Zhangjiagang) Co., Ltd.
Dow South Africa Holdings (Pty) Ltd.
Dow Southern Africa (Pty) Ltd
Dow Stade Produktions GmbH & Co. OHG
Dow Suomi OY
Finland
Dow Sverige AB
Sweden
Dow Switzerland Holding GmbH
Dow Technology Investments LLC
Dow Thames Limited
Dow Toray Co., Ltd.
Dow Trent Limited
Dow Turkiye Kimya Sanayi ve Ticaret Limited Sirketi
Turkey
Dow UK Limited
Dow Verwaltungsgesellschaft mbH
DowAksa Advanced Composites Holdings B.V. 3
DowBrands Inc.
DuPont (Taiwan) Electronic Materials Ltd.
DuPont Asia Pacific Limited
DuPont Performance Materials (Shanghai) Co., Ltd.
DuPont Performance Materials Deutschland GmbH
DuPont Performance Materials International Sàrl
DuPont Performance Materials Proprietary Limited
DuPont Performance Materials UK Ltd
E&C EMEA Holding 1 B.V.
EQUATE Marketing Company E.C. 3
Bahrain
Essex Chemical Corporation
New Jersey
Finndisp Ltd.
Flexible Products Company
Georgia
Forbanco Inc.
Fort Saskatchewan Ethylene Storage Corporation 3
Fort Saskatchewan Ethylene Storage Limited Partnership
General Latex and Chemical Corporation
Massachusetts
Global Industrial Corporation
New York
GNS Enterprises, LLC
8
GNS Technologies, LLC
Great Western Pipeline Company, Inc.
California
Guangdong Zhongshan Amerchol Specialty Chemicals Co., Ltd.
GWN Holding, LLC
H Hotel Holding LLC
Hampshire Chemical Corp.
Hampshire Holdings, Inc.
HPPO Holding & Finance C.V. 3
Hyperlast Limited
Ifco Inc.
Japan Acrylic Chemical Co., Ltd.
K/D/S Promix, LLC 3
Liana Limited
Material Science de Mexico DDM, S. de R.L. de C.V.
Material Science Servicios de Mexico DDM, S. de R.L. de C.V.
Materials Science Holding, LLC
Materials Science (India) Private Limited
Midland Pipeline Corp.
Mortell Company
Morton International Productos Quimicos Ltda.
Morton International, LLC
Indiana
MSTG Company Limited
MTP HPJV C.V.
MTP HPJV Management B.V.
MVCC Limited Partnership
NuvoSun (Shanghai) Co. Ltd.
NuvoSun, Inc.
NZ Tulip Limited
Palmyra do Brasil Indústria e Comércio de Silício Metálico e Recursos Naturais Ltda.
PBBPolisur S.R.L.
Penuelas Technology Park LLC
Performance Material Products (Singapore) Pte. Ltd.
Performance Material Products Korea Ltd.
Performance Materials (Australia) Pty Ltd
Performance Materials (Thailand) Limited
Performance Materials Argentina S.A.U.
Performance Materials Belgium BVBA
Performance Materials Bulgaria EOOD
Bulgaria
Performance Materials Colombia S.A.S.
Performance Materials Czech Republic s.r.o.
Czech Republic
Performance Materials do Brasil Comercio de Plasticos e Polimeros Ltda.
Performance Materials Finland OY
Performance Materials France SAS
Performance Materials Iberica, S.L.
Performance Materials Italy S.R.L.
Performance Materials Japan Kabushiki Kaisha
Performance Materials NA, Inc.
Performance Materials Netherlands, B.V.
Performance Materials Poland Sp. z o.o.
9
Performance Materials Rus LLC
Performance Materials Turkey Endustri Urunleri Limited Sirketi
Performance Materials Ukraine LLC
Performance Science Materials Company
Performance Specialty Products (Hong Kong) Limited
Performance Specialty Products Pakistan (Pvt.) Limited
Pakistan
Petromont and Company, Limited Partnership 3
Petromont Inc. 3
Petroquimica-Dow S.A. (Petrodow)
Photon Systems LLC
PM EMEA Cooperatief U.A.
PM EMEA Holding 1 B.V.
PM EMEA Holding 2 B.V.
PM EMEA Holding 3 B.V.
PM EMEA Holding 4 B.V.
PM International Holding 1 B.V.
PM International Holding 3 B.V.
PM Japan, Inc.
PM LATAM, Inc.
PM Mexico, LLC
POLY-CARB, Inc.
Ohio
Polyol Belgium B.V.B.A.
Predate Properties (Pty) Ltd.
PT Dow Indonesia
Indonesia
PT Rohm and Haas Indonesia
RH DK Mexico Holding ApS
RH DK Vietnam Holdings ApS
Rofan Services LLC
ROH Delaware, LLC
ROH Delaware, LP
ROH Holdings 1, LLC
ROH Holdings 2, LLC
ROH Monomer Holding Company
ROH Venture GmbH
Rohm and Haas (China) Holding Co., Ltd.
Rohm and Haas (Far East) Limited
Rohm and Haas (Foshan) Specialty Materials Co., Ltd.
Rohm and Haas (UK) Limited
Rohm and Haas Argentina S.R.L.
Rohm and Haas Canada Investments Limited
Rohm and Haas Canada LP
Rohm and Haas Capital Corporation
Rohm and Haas Chemical (Thailand) Limited
Rohm and Haas Chemicals LLC
Rohm and Haas Chemicals Singapore Pte. Ltd.
Rohm and Haas Chile Limitada
Rohm and Haas China, Inc.
Rohm and Haas Colombia Ltda
Rohm and Haas Company
10
Rohm and Haas Denmark Bermuda GP ApS
Rohm and Haas Denmark China Investment ApS
Rohm and Haas Denmark Finance A/S
Rohm and Haas Denmark Holding Company ApS
Rohm and Haas Electronic Materials Europe Ltd.
Rohm and Haas Equity Corporation
Rohm and Haas Espana Production Holding, S.L.
Rohm and Haas Espana, S.L.
Rohm and Haas Europe Services ApS
Rohm and Haas Europe Trading ApS
Rohm and Haas International Holdings Inc.
Rohm and Haas International SNC
Rohm and Haas International Trading (Shanghai) Co. Ltd.
Rohm and Haas Investment Holdings Inc.
Rohm and Haas Italia S.r.l.
Rohm and Haas Kimya Sanayi Limited Sirketi
Rohm and Haas Kimyasal Urunler Uretim Dagitim ve Ticaret A.S.
Rohm and Haas Korea Co., Ltd.
Rohm and Haas Latinoamerica, S. de R.L. de C.V.
Rohm and Haas Malaysia Sdn Bhd
Rohm and Haas Mexico, S. de R.L. de C.V.
Rohm and Haas Nederland B.V.
Rohm and Haas New Zealand Limited
Rohm and Haas Quimica Ltda.
Rohm and Haas Singapore (Pte.) Ltd.
Rohm and Haas South Africa (PTY) Limited
Rohm and Haas Taiwan, Inc.
Rohm and Haas Texas Incorporated
Rohm and Haas Vietnam Co., Ltd.
RUS Polyurethanes Holding B.V.
Santa Vitoria Acucar e Alcool Ltda.
SD Group Service Company Limited 3
Seadrift Pipeline Corporation
Sentrachem Limited
Sentrachem US, Inc.
Shanghai Eastern Rohm and Haas Co., Ltd.
Siam Polyethylene Company Limited 3
Siam Polystyrene Company Limited 3
Siam Styrene Monomer Company Limited 3
Siam Synthetic Latex Company Limited 3
Site Services Japan, Co., Ltd.
South Charleston Sewage Treatment Company
West Virginia
SP International Holding 5 B.V.
TDCC Subsidiary C, Inc.
Terminal de Atraque de Productos Petroquimicos, A.I.E. 3
Terneuzen Investments Holding B.V.
Terneuzen Partnership Services B.V.
Tianjin Panda Terminal (Hong Kong) Limited
Tianjin Panda Terminal Holdings Pte. Ltd.
11
Transformadora de Etileno A.I.E. 3
UCAR Emulsion Systems FZE
Dubai
UCAR Louisiana Pipeline Company
UCAR Pipeline Incorporated
Umetco Minerals Corporation
Union Carbide Asia Limited
Union Carbide Asia Pacific, Inc.
Union Carbide Chemicals & Plastics Technology LLC
Union Carbide Corporation
Union Carbide Customer Services Pte. Ltd.
Union Carbide Middle East Limited
Union Carbide Philippines (Far East), Inc.
Union Carbide South Africa (Proprietary) Limited
Union Polymers Sdn. Bhd.
Univation (Zhangjiagang) Chemical Company Limited
Univation Technologies (Hong Kong) Limited
Univation Technologies International, LLC
Univation Technologies, LLC
Valley Asset Leasing, LLC
Valuepark Terneuzen Beheer B.V. 3
Valuepark Terneuzen C.V. 3
Voltas Water Solutions Private Limited 3
Warbler I LLC
Westbridge Insurance Ltd.
Zhejiang Pacific Chemical Corporation
1.
This Exhibit 21 excludes subsidiaries of The Dow Chemical Company's agricultural sciences and specialty products businesses which are considered discontinued operations and includes subsidiaries related to the receipt of DuPont's ethylene and ethylene copolymers businesses (other than its ethylene acrylic elastomers business). The Dow Chemical Company became a subsidiary of Dow Inc. effective April 1, 2019.
2.
Location of incorporation or organization. Primary location of organization is reported for partnerships.
3.
These companies are 50 percent owned, nonconsolidated affiliates of The Dow Chemical Company and are accounted for using the equity method. Separate financial statements of these companies are not included in this Current Report on Form 8-K. These companies are not controlled, directly or indirectly, by The Dow Chemical Company. Subsidiaries of these companies, if any, are not listed in this Exhibit 21.
12