Table T-6.14

The Dow Chemical Company

Balance Sheets (in $ millions)
.

1998

1997
Assets . .
Cash 390 537
Receivables 4537 4958
Inventory 2810 2921
Other current assets 303 224
Total Current Assets 8040 8640
Fixed Assets 8447 8052
Intangibles 1641 1762
Other 5702 5586
Total Assets 23830 24040
Liabilities . .
Notes payable 1526 1656
Current portion of LTD 300 406
Trade Payable 2663 2691
Tax Payable 290 192
Other Current Liabilites 2063 2066
Total Current Liabilities 6842 7011
Long Term Debt (LTD) 4051 4196
Deferred Taxes 747 649
Other 4708 4509
Equity 7482 7675
Total 23830 24040
Source: The Dow Company 1998 Annual Report