Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 4,821,000,000	$ 4,500,000,000
Short-term investments, at fair value	0	100,000,000
Trade accounts receivable, net of doubtful accounts and allowances - $62 and $48	1,645,000,000	1,372,000,000
Inventories, net of inventory reserves - $160 and $146 (Note 8)	1,516,000,000	1,385,000,000
Other current assets	497,000,000	912,000,000
Total current assets	8,479,000,000	8,269,000,000
Investments (Note 9)	352,000,000	1,975,000,000
Property, plant and equipment, net of accumulated depreciation - $10,206 and $9,188	13,293,000,000	12,648,000,000
Goodwill, net (Note 10)	1,569,000,000	1,380,000,000
Other intangible assets, net (Note 10)	797,000,000	706,000,000
Deferred income taxes (Note 5)	3,110,000,000	2,056,000,000
Other assets	1,209,000,000	1,493,000,000
Total Assets	28,809,000,000	28,527,000,000
Current liabilities:
Current portion of long-term debt and short-term borrowings (Note 4)	7,000,000	572,000,000
Accounts payable	933,000,000	934,000,000
Other accrued liabilities (Note 3 and Note 12)	1,354,000,000	1,308,000,000
Total current liabilities	2,294,000,000	2,814,000,000
Long-term debt (Note 4)	3,916,000,000	3,890,000,000
Postretirement benefits other than pensions (Note 11)	708,000,000	718,000,000
Other liabilities (Note 3 and Note 12)	4,104,000,000	2,242,000,000
Total liabilities	11,022,000,000	9,664,000,000
Shareholders’ equity (Note 15):
Convertible preferred stock, Series A – Par value $100 per share; Shares authorized 3,100; Shares issued: 2,300	2,300,000,000	2,300,000,000
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1,689 million and 1,681 million	844,000,000	840,000,000
Additional paid-in capital – common stock	13,340,000,000	13,352,000,000
Retained earnings	15,460,000,000	13,832,000,000
Treasury stock, at cost; Shares held: 738 million and 551 million	(13,508,000,000)	(9,725,000,000)
Accumulated other comprehensive loss	(715,000,000)	(1,811,000,000)
Total Corning Incorporated shareholders’ equity	17,721,000,000	18,788,000,000
Noncontrolling interests	66,000,000	75,000,000
Total equity	17,787,000,000	18,863,000,000
Total Liabilities and Equity	$ 28,809,000,000	$ 28,527,000,000

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.