INVESTMENTS IN RELATED COMPANIES
The Corporation's ownership interests in related companies at December 31, 2013 and 2012 were as follows:
|
| | | | | | | | | | | | | | |
Investments in Related Companies at December 31 | | Ownership Interests | | | Investment Balance | |
In millions (except percentages) | | 2013 |
| | 2012 |
| | 2013 |
| | 2012 |
|
Dow International Holdings Company | | 19 | % | | 19 | % | | $ | 807 |
| | $ | 807 |
|
Dow Quimica Argentina S.A. | | 23 | % | | 23 | % | | — |
| | 17 |
|
GWN Holding, Inc. | | 6 | % | | 6 | % | | 10 |
| | 10 |
|
Dow Quimica Mexicana S.A. de C.V. | | 15 | % | | 15 | % | | 5 |
| | 5 |
|
Other | | — | % | | — | % | | 1 |
| | 1 |
|
Total Investments in Related Companies | | | | | | $ | 823 |
| | $ | 840 |
|
In the fourth quarter of 2013, the Corporation recorded an impairment charge of $25 million for the full value of the cost method investment in Dow Quimica Argentina S.A. The related company investment, classified as a Level 3 measurement, was valued using unobservable inputs. The impairment charge was triggered by ongoing losses in the entity and is included in "Sundry income (expense) - net" in the consolidated statements of operations.
