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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Consolidated Statements of Income [Abstract]        
Net sales $ 3,001 $ 2,934 $ 7,953 $ 8,686
Cost of sales 2,000 1,917 5,635 5,505
Gross margin 1,001 1,017 2,318 3,181
Operating expenses:        
Selling, general and administrative expenses 480 369 1,276 1,184
Research, development and engineering expenses 231 255 922 753
Amortization of purchased intangibles 33 28 87 85
Operating income 257 365 33 1,159
Equity in (losses) earnings of affiliated companies (Note 3) (76) 23 17 81
Interest income 3 4 12 16
Interest expense (70) (55) (201) (161)
Translated earnings contract (loss) gain, net (Note 14) (100) 86 5 163
Transaction-related gain, net (Note 4) 498   498  
Other expense, net (62) (15) (71) (59)
Income before income taxes 450 408 293 1,199
Provision for income taxes (Note 8) (23) (71) (33) (271)
Net income attributable to Corning Incorporated $ 427 $ 337 $ 260 $ 928
Earnings per common share attributable to Corning Incorporated:        
Basic (Note 10) $ 0.53 $ 0.40 $ 0.25 $ 1.10
Diluted (Note 10) $ 0.48 $ 0.38 $ 0.24 $ 1.03