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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Consolidated Statements of Income [Abstract]        
Net sales $ 2,934 $ 3,008 $ 8,686 $ 8,255
Cost of sales 1,917 1,776 5,505 4,996
Gross margin 1,017 1,232 3,181 3,259
Operating expenses:        
Selling, general and administrative expenses 369 439 1,184 1,352
Research, development and engineering expenses 255 244 753 728
Amortization of purchased intangibles 28 27 85 68
Operating income 365 522 1,159 1,111
Equity in earnings of affiliated companies 23 32 81 102
Interest income 4 7 16 29
Interest expense (55) (45) (161) (140)
Translated earnings contract gain, net (Note 11) 86 230 163 66
Other (expense) income, net (15) 12 (59) (11)
Income before income taxes 408 758 1,199 1,157
Provision for income taxes (Note 5) (71) (133) (271) (383)
Net income attributable to Corning Incorporated $ 337 $ 625 $ 928 $ 774
Earnings per common share attributable to Corning Incorporated:        
Basic (Note 6) $ 0.40 $ 0.75 $ 1.10 $ 0.85
Diluted (Note 6) $ 0.38 $ 0.67 $ 1.03 $ 0.82