Dow Chemical 2009 Annual Report Download - page 40

Table of Contents
Financial Information About Foreign and Domestic Operations and Export Sales
In 2009, the Company derived 68 percent of its sales and had 49 percent of its property investment outside the United States. While the Company’s
international operations may be subject to a number of additional risks, such as changes in currency exchange rates, the Company does not regard its foreign
operations, on the whole, as carrying any greater risk than its operations in the United States. Information on sales and long-lived assets by geographic area for
each of the last three years appears in Note Y to the Consolidated Financial Statements, and discussions of the Company’s risk management program for
foreign exchange and interest rate risk management appear in Part I, Item 1A. Risk Factors; Part II, Item 7A. Quantitative and Qualitative Disclosures About
Market Risk; and Note J to the Consolidated Financial Statements.
Protection of the Environment
Matters pertaining to the environment are discussed in Part I, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations, and Notes A and N to the Consolidated Financial Statements.
Employees
Personnel count was 52,195 at December 31, 2009, 46,102 at December 31, 2008 and 45,856 at December 31, 2007. Headcount increased from 2008 due
primarily to the acquisition of Rohm and Haas Company (“Rohm and Haas”) (an increase of approximately 15,400), offset by declines related to restructuring
activities (approximately 5,600), business divestitures (approximately 3,700) and transfers to a joint venture (approximately 170). Headcount increased
slightly in 2008 from year-end 2007 primarily due to acquisitions.
Other Activities
Dow engages in the property and casualty insurance and reinsurance business primarily through its Liana Limited subsidiaries.
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