Dow Chemical 2013 Annual Report Download - page 121
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99
NOTE 12 – SUPPLEMENTARY INFORMATION
Sundry Income (Expense) – Net
In millions 2013 2012 2011
Gain on sales of other assets and investments (1) $ 98 $ 81 $ 119
Foreign exchange loss (31) (51) (53)
Dividend income 3 1 25
K-Dow settlement (2) 2,161 — —
Gain on sale of Polypropylene Licensing and Catalysts
business (3) 451 — —
Loss on early extinguishment of debt (329) (123) (482)
Gain on sale of a 7.5 percent ownership interest in Freeport
LNG Development, L.P. 87 — —
Gain on sale of ownership interest in Dow Kokam LLC (3) 26 — —
Reclassification of cumulative translation adjustments (4) 21 — 33
Gain (loss) on sale of a contract manufacturing business (5) — 8 (36)
Gain on consolidation of a joint venture — — 21
Other-net 67 57 57
Total sundry income (expense) – net $ 2,554 $ (27) $ (316)
(1) The 2013 gain on sales of other assets and investments also included a $21 million gain reported as
"Reclassification of cumulative translation adjustments."
(2) See Note 14 for additional information.
(3) See Note 5 for additional information.
(4) Cumulative translation adjustments reclassified from "Accumulated other comprehensive income (loss)" into
income resulted from transactions that qualified as a complete liquidation of an investment in a foreign entity.
(5) The 2011 loss on the sale of a contract manufacturing business also included a $6 million loss reported as
"Reclassification of cumulative translation adjustments."
Accrued and Other Current Liabilities
“Accrued and other current liabilities” were $2,916 million at December 31, 2013 and $2,656 million at December 31, 2012.
Accrued payroll, which is a component of “Accrued and other current liabilities,” was $968 million at December 31, 2013 and
$620 million at December 31, 2012. No other component of accrued liabilities was more than 5 percent of total current
liabilities.
Other Income Statement Information
In millions 2013 2012 2011
Provision for doubtful receivables (1) $ 59 $ 13 $ 18
(1) Included in “Selling, general and administrative expenses” in the consolidated statements of income.
Supplemental Disclosure of Cash Flow Information
In millions 2013 2012 2011
Cash payments for interest $ 1,191 $ 1,345 $ 1,434
Cash payments for income taxes $ 1,708 $ 1,107 $ 1,056