Dow Chemical 2014 Annual Report Download - page 121
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97
NOTE 12 – SUPPLEMENTARY INFORMATION
Sundry Income (Expense) – Net
In millions 2014 2013 2012
Gain on sales of other assets and investments (1) $ 40 $ 98 $ 81
Foreign exchange loss (61) (31) (51)
Gain on termination of ethylene off-take agreement 53 — —
Chlorine value chain separation costs (49) — —
K-Dow settlement (2) — 2,161 —
Gain on sale of Polypropylene Licensing and Catalysts
business (3) 5 451 —
Loss on early extinguishment of debt — (329) (123)
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 (12) 21 —
Gain on sale of a contract manufacturing business — — 8
Other - net (3) 70 58
Total sundry income (expense) – net $ (27) $ 2,554 $ (27)
(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.
Accrued and Other Current Liabilities
“Accrued and other current liabilities” were $2,839 million at December 31, 2014 and $2,916 million at December 31, 2013.
Accrued payroll, which is a component of “Accrued and other current liabilities,” was $855 million at December 31, 2014 and
$968 million at December 31, 2013. No other component of accrued liabilities was more than 5 percent of total current
liabilities.
Other Income Statement Information
In millions 2014 2013 2012
Provision for doubtful receivables (1) $ 52 $ 59 $ 13
(1) Included in “Selling, general and administrative expenses” in the consolidated statements of income.
Supplemental Disclosure of Cash Flow Information
In millions 2014 2013 2012
Cash payments for interest $ 1,038 $ 1,191 $ 1,345
Cash payments for income taxes $ 1,109 $ 1,708 $ 1,107