EXHIBIT 12

Corning Incorporated and Subsidiary Companies

Computation of Ratio of Earnings to Fixed Charges

(In millions, except ratios)

	Fiscal years ended December 31,
	2009			2008			2007			2006			2005
Income from continuing operations before taxes on income (a)	$	1,934		$	2,882		$	2,271		$	1,939		$	1,189
Adjustments:
Equity in earnings of equity affiliates		(1,435	)		(1,358	)		(983	)		(989	)		(637	)
Distributed income of equity affiliates		755			546			490			363			302
Net income attributable to noncontrolling interests		6			(1	)		3			11			7
Amortization of capitalized interest					1			3			4			4
Fixed charges net of capitalized interest		103			78			104			97			130
Earnings before taxes and fixed charges as adjusted	$	1,363		$	2,148		$	1,888		$	1,425		$	995
Fixed charges:
Interest incurred (b)	$	111		$	88		$	96		$	107		$	132
Portion of rent expense which represents an appropriate interest factor (c)		20			19			25			25			22
Amortization of debt costs		1			2			2			2			3
Total fixed charges		132			109			123			134			157
Capitalized interest		(29	)		(31	)		(19	)		(37	)		(27	)
Total fixed charges net of capitalized interest	$	103		$	78		$	104		$	97		$	130
Total fixed charges	$	132		$	109		$	123		$	134		$	157
Ratio of earnings to fixed charges		10.3x			19.7x			15.3x			10.6x			6.3x

(a) Effective January 1, 2009, equity earnings are now included in income from continuing operations before taxes on income. Prior period amounts conform to the 2009 presentation.

(b) Interest expense includes amortization expense for debt costs.

(c) One-third of net rent expense is the portion deemed representative of the interest factor.