Financial Objectives: Return on Equity1
Return on Equity
 
1Excluding Union Carbide prior to 2001

2Adjusted Return on Equity excluding certain items, adjusted to reflect pre-merger results for Dow for 1989-2000.

3Adjusted Return on Equity is not defined under accounting principles generally accepted in the United States ("GAAP"). For a reconciliation of the bases used to calculate this non-GAAP financial measure to bases that represent the most directly comparable GAAP financial measures, please see Dow's financial reports.
 



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