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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
$ in Millions
Convertible Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital Common [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Loss [Member]
Total Corning Incorporated Shareholders' Equity [Member]
Non-controlling Interests [Member]
Total
Balance at Dec. 31, 2018 $ 2,300 $ 857 $ 14,212 $ 16,303 $ (18,870) $ (1,010) $ 13,792 $ 94 $ 13,886
Net (loss) income       499     499 6 505
Other comprehensive income (loss)           (156) (156)   (156)
Purchase of common stock for treasury         (244)   (244)   (244)
Shares issued to benefit plans and for option exercises     31       31   31
Common dividends       (158)     (158)   (158)
Preferred dividends ($10,625 per share)       (24)     (24)   (24)
Other, net [1]       (131) (2)   (133) (1) (134)
Balance at Mar. 31, 2019 2,300 857 14,243 16,489 (19,116) (1,166) 13,607 99 13,706
Balance at Dec. 31, 2018 2,300 857 14,212 16,303 (18,870) (1,010) 13,792 94 13,886
Balance at Sep. 30, 2019 2,300 859 14,295 16,555 (19,588) (1,387) 13,034 100 13,134
Balance at Mar. 31, 2019 2,300 857 14,243 16,489 (19,116) (1,166) 13,607 99 13,706
Net (loss) income       92     92 13 105
Other comprehensive income (loss)           36 36   36
Purchase of common stock for treasury         (151)   (151)   (151)
Shares issued to benefit plans and for option exercises   1 34       35   35
Common dividends       (157)     (157)   (157)
Preferred dividends ($10,625 per share)       (25)     (25)   (25)
Other, net         (12)   (12) (16) (28)
Balance at Jun. 30, 2019 2,300 858 14,277 16,399 (19,279) (1,130) 13,425 96 13,521
Net (loss) income       337     337 4 341
Other comprehensive income (loss)           (257) (257)   (257)
Purchase of common stock for treasury         (308)   (308)   (308)
Shares issued to benefit plans and for option exercises   1 18       19   19
Common dividends       (156)     (156)   (156)
Preferred dividends ($10,625 per share)       (24)     (24)   (24)
Other, net       (1) (1)   (2)   (2)
Balance at Sep. 30, 2019 2,300 859 14,295 16,555 (19,588) (1,387) 13,034 100 13,134
Balance at Dec. 31, 2019 2,300 859 14,323 16,408 (19,812) (1,171) 12,907 90 12,997
Net (loss) income       (96)     (96)   (96)
Other comprehensive income (loss)           (326) (326) (1) (327)
Purchase of common stock for treasury         (105)   (105)   (105)
Shares issued to benefit plans and for option exercises     17       17   17
Common dividends       (168)     (168)   (168)
Preferred dividends ($10,625 per share)       (24)     (24)   (24)
Other, net       (6) (1)   (7)   (7)
Balance at Mar. 31, 2020 2,300 859 14,340 16,114 (19,918) (1,497) 12,198 89 12,287
Balance at Dec. 31, 2019 2,300 859 14,323 16,408 (19,812) (1,171) 12,907 90 12,997
Balance at Sep. 30, 2020 2,300 861 14,494 16,065 (19,926) (1,134) 12,660 197 12,857
Balance at Mar. 31, 2020 2,300 859 14,340 16,114 (19,918) (1,497) 12,198 89 12,287
Net (loss) income       (71)     (71) 6 (65)
Other comprehensive income (loss)           65 65   65
Shares issued to benefit plans and for option exercises   1 58       59   59
Common dividends       (171)     (171)   (171)
Preferred dividends ($10,625 per share)       (25)     (25)   (25)
Other, net         (6)   (6) (11) (17)
Balance at Jun. 30, 2020 2,300 860 14,398 15,847 (19,924) (1,432) 12,049 84 12,133
Net (loss) income       427     427 5 432
Other comprehensive income (loss)           298 298 1 299
Shares issued to benefit plans and for option exercises   1 96       97   97
Common dividends       (171)     (171)   (171)
Preferred dividends ($10,625 per share)       (24)     (24)   (24)
Other, net [2]       (14) (2)   (16) 107 91
Balance at Sep. 30, 2020 $ 2,300 $ 861 $ 14,494 $ 16,065 $ (19,926) $ (1,134) $ 12,660 $ 197 $ 12,857
[1] Adjustments to beginning retained earnings include the effect of the accounting change were recorded upon adoption of the new standard for reclassification of stranded tax effects in accumulated other comprehensive income in the amount of $53 million, and a reduction of $186 million, net of tax, effect from an equity affiliate’s adoption of the new revenue standard.
[2] Non-controlling interests included $102 million related to the consolidation of Hemlock Semiconductor Group (“HSG”). Refer to Note 4 (HSG Transactions) to the consolidated financial statements for more information.