Dow Chemical 2012 Annual Report Download - page 126
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100
NOTE 12 – SUPPLEMENTARY INFORMATION
Sundry Income (Expense) – Net
In millions 2012 2011 2010
Gain on sale of Styron $—$—$27
Gain (loss) on sale of a contract manufacturing business (1) 8 (36) —
Gain on sales of other assets and securities 81 119 166
Loss on early extinguishment of debt (123) (482) (46)
Obligation related to past divestiture — — (47)
Reclassification of cumulative translation adjustments (2) —33—
Foreign exchange loss (51) (53) (6)
Gain on consolidation of a joint venture —21—
Dividend income 125—
Other-net 57 57 31
Total sundry income (expense) – net $ (27) $ (316) $ 125
(1) The 2011 loss on the sale of a contract manufacturing business also included a $6 million loss reported as
"Reclassification of cumulative translation adjustments."
(2) Cumulative translation adjustments reclassified from "Accumulated other comprehensive income (loss)"
into income resulted from asset sales that qualified as complete liquidations of foreign entities.
Accrued and Other Current Liabilities
“Accrued and other current liabilities” were $2,656 million at December 31, 2012 and $2,463 million at December 31, 2011.
Accrued payroll, which is a component of “Accrued and other current liabilities,” was $620 million at December 31, 2012 and
$475 million at December 31, 2011. No other component of accrued liabilities was more than 5 percent of total current
liabilities.
Other Income Statement Information
In millions 2012 2011 2010
Provision for doubtful receivables (1) $ 13 $ 18 $ 6
(1) Included in “Selling, general and administrative expenses” in the consolidated statements of income.
Supplemental Disclosure of Cash Flow Information
In millions 2012 2011 2010
Cash payments for interest $ 1,345 $ 1,434 $ 1,535
Cash payments for income taxes $ 1,107 $ 1,056 $ 598