Dow has announced a comprehensive plan to simplify how it operates and streamline its end-to-end processes. The company will also reset its cost structure and modernize how it serves customers. Transform to Outperform targets the addition of at least USD 2 billion in near-term operational EBITDA, in part by utilizing AI and automation to deliver step change in growth and productivity and improve shareholder returns. This work represents an ongoing intensive, company-wide analysis and Dow has established a dedicated internal team to guide the transformation. The company expects to provide at least USD 2 billion in near-term operational EBITDA uplift. Dow's current projections are that approximately two thirds of the benefits will be from productivity improvements and one third from growth. The company anticipates between USD 1.1 - 1.5 billion in one-time costs associated with Transform to Outperform, including approximately between USD 600 - 800 million in severance for approximately 4500 Dow roles and between USD 500 - 700 million in other one-time costs.