Duffy Fisher's questions to Dow Inc (DOW) leadership • Q4 2024
Question
Duffy Fisher of Goldman Sachs asked two cash flow questions: the potential for a working capital release in the full year, and for details on the 'other assets and liabilities' line, which was a significant cash use.
Answer
Management responded that for 2025, they actually anticipate a working capital use of cash in the $300M-$400M range. The negative variance in the 'other liabilities' line was explained as being primarily driven by long-term tax payables and related tax audit reassessments during the year.