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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,526 $ 1,768
Trade accounts receivable, net of doubtful accounts - $27 and $33 2,779 2,053
Inventories (Note 5) 3,077 2,724
Other current assets (Note 9) 1,554 1,447
Total current assets 8,936 7,992
Property, plant and equipment, net of accumulated depreciation - $15,229 and $14,492 (Note 6) 14,825 13,359
Goodwill (Note 7) 2,489 2,363
Other intangible assets, net (Note 7) 657 752
Deferred income taxes (Note 15) 1,515 1,130
Other assets (Note 9) 2,554 2,139
Total Assets 30,976 27,735
Current liabilities:    
Current portion of long-term debt and short-term borrowings (Note 10) 804 326
Accounts payable 1,979 1,472
Other accrued liabilities (Notes 9 and 12) 2,845 3,121
Total current liabilities 5,628 4,919
Long-term debt (Note 10) 7,630 6,885
Postretirement benefits other than pensions (Note 11) 314 336
Other liabilities (Notes 9 and 12) 5,097 4,525
Total liabilities 18,669 16,665
Commitments and contingencies (Note 12)
Shareholders’ equity: (Note 16)    
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion 924 921
Additional paid-in capital – common stock 17,580 17,264
Retained earnings 16,551 15,926
Treasury stock, at cost; Shares held: 992 million and 987 million (21,143) (20,882)
Accumulated other comprehensive loss (2,105) (2,543)
Total Corning Incorporated shareholders’ equity 11,807 10,686
Non-controlling interest 500 384
Total equity 12,307 11,070
Total Liabilities and Equity $ 30,976 $ 27,735