Net Income for Earnings Per Share Calculation - Basic In millions | 2013 | 2012 | 2011 | |||||||||
Net income | $ | 4,816 | $ | 1,100 | $ | 2,784 | ||||||
Net (income) loss attributable to noncontrolling interests | (29 | ) | 82 | (42 | ) | |||||||
Net income attributable to The Dow Chemical Company | $ | 4,787 | $ | 1,182 | $ | 2,742 | ||||||
Preferred stock dividends | (340 | ) | (340 | ) | (340 | ) | ||||||
Net income attributable to participating securities (1) | (38 | ) | (13 | ) | (30 | ) | ||||||
Net income attributable to common stockholders | $ | 4,409 | $ | 829 | $ | 2,372 | ||||||
Earnings Per Share Calculations - Basic Dollars per share | 2013 | 2012 | 2011 | |||||||||
Net income | $ | 4.06 | $ | 0.94 | $ | 2.42 | ||||||
Net (income) loss attributable to noncontrolling interests | (0.02 | ) | 0.07 | (0.03 | ) | |||||||
Net income attributable to The Dow Chemical Company | $ | 4.04 | $ | 1.01 | $ | 2.39 | ||||||
Preferred stock dividends | (0.29 | ) | (0.29 | ) | (0.30 | ) | ||||||
Net income attributable to participating securities (1) | (0.03 | ) | (0.01 | ) | (0.03 | ) | ||||||
Net income attributable to common stockholders | $ | 3.72 | $ | 0.71 | $ | 2.06 | ||||||
Net Income for Earnings Per Share Calculation - Diluted In millions | 2013 | 2012 | 2011 | |||||||||
Net income | $ | 4,816 | $ | 1,100 | $ | 2,784 | ||||||
Net (income) loss attributable to noncontrolling interests | (29 | ) | 82 | (42 | ) | |||||||
Net income attributable to The Dow Chemical Company | $ | 4,787 | $ | 1,182 | $ | 2,742 | ||||||
Preferred stock dividends (2) | — | (340 | ) | (340 | ) | |||||||
Net income attributable to participating securities (1) | (38 | ) | (13 | ) | (30 | ) | ||||||
Net income attributable to common stockholders | $ | 4,749 | $ | 829 | $ | 2,372 | ||||||
Earnings Per Share Calculations - Diluted Dollars per share | 2013 | 2012 | 2011 | |||||||||
Net income | $ | 3.73 | $ | 0.93 | $ | 2.40 | ||||||
Net (income) loss attributable to noncontrolling interests | (0.02 | ) | 0.07 | (0.03 | ) | |||||||
Net income attributable to The Dow Chemical Company | $ | 3.71 | $ | 1.00 | $ | 2.37 | ||||||
Preferred stock dividends (2) | — | (0.29 | ) | (0.29 | ) | |||||||
Net income attributable to participating securities (1) | (0.03 | ) | (0.01 | ) | (0.03 | ) | ||||||
Net income attributable to common stockholders | $ | 3.68 | $ | 0.70 | $ | 2.05 | ||||||
Additional Share Count Information Shares in millions | 2013 | 2012 | 2011 | ||||||
Weighted-average common shares - basic | 1,186.2 | 1,169.7 | 1,149.0 | ||||||
Plus dilutive effect of stock options and awards | 7.4 | 6.7 | 9.2 | ||||||
Plus dilutive effect of assumed conversion of preferred stock (3) | 96.8 | — | — | ||||||
Weighted-average common shares - diluted | 1,290.4 | 1,176.4 | 1,158.2 | ||||||
Stock options and deferred stock awards excluded from EPS calculations (4) | 47.4 | 52.6 | 44.7 | ||||||
(1) | Deferred stock awards are considered participating securities due to Dow's practice of paying dividend equivalents on unvested shares. |
(2) | Preferred stock dividends were not added back in the calculation of diluted earnings per share for the periods ended December 31, 2012 and 2011 because the effect of adding them back would have been antidilutive. |
(3) | Conversion of the Cumulative Convertible Perpetual Preferred Stock, Series A into shares of the Company’s common stock was excluded from the calculation of diluted earnings per share for the periods ended December 31, 2012 and 2011 because the effect of including them would have been antidilutive. |
(4) | These outstanding options to purchase shares of common stock and deferred stock awards were excluded from the calculation of diluted earnings per share because the effect of including them would have been antidilutive. |