2.2.0.25falsefalse11401 - Disclosure - Commitments, Contingencies, and Guaranteestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 12/31/2010
USD ($)
USD ($) / shares
$Duration_1_1_2010_To_12_31_2010http://www.sec.gov/CIK0000024741duration2010-01-01T00:00:002010-12-31T00:00:00Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit14Dividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instancesharesxbrli0Unit1Standardhttp://www.xbrl.org/2003/instancesharesxbrli0Unit13Standardhttp://www.xbrl.org/2003/instancepurexbrli0USDUSD$2true0glw_CommitmentsAndContingenciesAbstractglwfalsenadurationCommitments and Contingencies [Abstract]falsefalsefalsefalsefalsefalsefalsefalsefalsefalse| 1falsefalsefalse00falsefalsefalsefalsefalse | Otherxbrli:stringItemTypestringCommitments and Contingencies [Abstract]falsefalse
3false0us-gaap_CommitmentsAndContingenciesDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel| 1falsefalsefalse00<div>
<div>
<div align="left">
<p><b><font class="_mt" size="2">14. Commitments, Contingencies, and Guarantees</font></b></p>
<table border="0" cellspacing="0">
<tr><td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td colspan="4" align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr><td colspan="18"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" colspan="6" align="left"><font class="_mt" size="2">The amounts of our obligations follow (in millions):</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr>
<tr valign="bottom"><td class="style2" align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="13" align="right"><font class="_mt" size="2">Amount of commitment and contingency expiration per period</font> </td></tr>
<tr valign="bottom"><td class="style2" align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">Less than</font> </td>
<td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">1</font> </td>
<td align="left"><font class="_mt" size="2">to 2</font> </td>
<td colspan="2" align="right"><font class="_mt" size="2">2</font> </td>
<td align="left"><font class="_mt" size="2">to 3</font> </td>
<td colspan="2" align="right"><font class="_mt" size="2">3</font> </td>
<td align="left"><font class="_mt" size="2">to 4</font> </td>
<td colspan="2" align="right"><font class="_mt" size="2">5 years and</font> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" class="style2" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="right"><font class="_mt" size="2">Total</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">1</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">year</font> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="right"><font class="_mt" size="2">years</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="right"><font class="_mt" size="2">years</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="right"><font class="_mt" size="2">years</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="center"><font class="_mt" size="2">thereafter</font> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Performance bonds and guarantees</font> </td>
<td align="right"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">64</font> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">35</font> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">5</font> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">3</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">21</font> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Credit facilities for equity companies</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">100</font> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">25</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">25</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">25</font> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">25</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Stand-by letters of credit </font><font class="_mt" size="1">(1)</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">58</font> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">58</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Loan guarantees</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">8</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">8</font> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Subtotal of commitment expirations per</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 2px;" class="style2" align="left"><font class="_mt" size="2">period</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">230</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">118</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">30</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">28</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">25</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">29</font> </td></tr>
<tr><td colspan="18"> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Purchase obligations</font> </td>
<td align="right"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">408</font> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">238</font> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">144</font> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">17</font> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">6</font> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"><font class="_mt" size="2">3</font> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Capital expenditure obligations </font><font class="_mt" size="1">(2)</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">382</font> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">382</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Total debt </font><font class="_mt" size="1">(3)</font> </td>
<td align="right"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">2,021</font> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">25</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">25</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">126</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">124</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">1,721</font> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Minimum rental commitments</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">223</font> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">46</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">40</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">33</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">27</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">77</font> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Capital leases </font><font class="_mt" size="1">(3)(4)</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">421</font> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">46</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">15</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">14</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">13</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">333</font> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Interest on long-term debt </font><font class="_mt" size="1">(5)</font> </td>
<td align="right"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">1,938</font> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">124</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">123</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">123</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">112</font> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">1,456</font> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Uncertain tax positions </font><font class="_mt" size="1">(6)</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">7</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">3</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">4</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Subtotal of contractual obligation</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 2px;" class="style2" align="left"><font class="_mt" size="2">payments due by period</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="right"><font class="_mt" size="2">5,400</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">864</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">351</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">313</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">282</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">3,590</font> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" class="style2" align="left"><font class="_mt" size="2">Total commitments and contingencies</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">$</font></b> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="right"><b><font class="_mt" size="2">5,630</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><b><font class="_mt" size="2">$</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">982</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><b><font class="_mt" size="2">$</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">381</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><b><font class="_mt" size="2">$</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">341</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><b><font class="_mt" size="2">$</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">307</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><b><font class="_mt" size="2">$</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">3,619</font></b> </td></tr></table></div>
<p style="margin: 0px;"> </p>
<table border="0" cellspacing="0">
<tr><td valign="top" width="2%" nowrap="nowrap"><font class="_mt" size="1">(1)</font> </td>
<td width="98%">
<p align="justify"><font class="_mt" size="1">At December 31, 2010, $<font class="_mt">42</font> million of the $58 million was included in other accrued liabilities on our consolidated balance sheets.</font></p></td></tr>
<tr><td valign="top" width="2%" nowrap="nowrap"><font class="_mt" size="1">(2)</font> </td>
<td width="98%">
<p align="justify"><font class="_mt" size="1">Capital expenditure obligations primarily reflect amounts associated with our capital expansion activities.</font></p></td></tr>
<tr><td valign="top" width="2%" nowrap="nowrap"><font class="_mt" size="1">(3)</font> </td>
<td width="98%">
<p align="justify"><font class="_mt" size="1">At December 31, 2010, $2.3 billion was included on our balance sheet. Total debt above is stated at maturity value.</font></p></td></tr>
<tr><td valign="top" width="2%" nowrap="nowrap"><font class="_mt" size="1">(4)</font> </td>
<td width="98%">
<p align="justify"><font class="_mt" size="1">At December 31, 2010, $<font class="_mt">167</font> million of the $421 million represents imputed interest.</font></p></td></tr>
<tr><td valign="top" width="2%" nowrap="nowrap"><font class="_mt" size="1">(5)</font> </td>
<td width="98%">
<p align="justify"><font class="_mt" size="1">The estimate of interest payments assumes interest is paid through the date of maturity or expiration of the related debt, based upon stated rates in the respective debt instruments.</font></p></td></tr>
<tr><td valign="top" width="2%" nowrap="nowrap"><font class="_mt" size="1">(6)</font> </td>
<td width="98%">
<p align="justify"><font class="_mt" size="1">At December 31, 2010, $<font class="_mt">13</font> million was included on our balance sheet related to uncertain tax positions. Of this amount, we are unable to estimate when $<font class="_mt">6</font> million of that amount will become payable.</font></p></td></tr></table></div><a name="page_102"> </a><br /><a name="_bclPageBorder102"> </a>
<div>
<p style="text-align: left;"><font class="_mt" size="2">We are required, at the time a guarantee is issued, to recognize a liability for the fair value or market value of the obligation it assumes. In the normal course of our business, we do not routinely provide significant third-party guarantees. Generally, third-party guarantees provided by Corning are limited to certain financial guarantees, including stand-by letters of credit and performance bonds, and the incurrence of contingent liabilities in the form of purchase price adjustments related to attainment of milestones. These guarantees have various terms, and none of these guarantees are individually significant.</font></p>
<p style="text-align: left;"><font class="_mt" size="2">We have agreed to provide up to a $<font class="_mt">100</font> million credit facility to Dow Corning. The funding of the Dow Corning credit facility will be required only if Dow Corning is not otherwise able to meet its scheduled funding obligations in its confirmed Bankruptcy Plan. The purchase obligations primarily represent raw material and energy-related take-or-pay contracts. We believe a significant majority of these guarantees and contingent liabilities will expire without being funded.</font></p>
<p style="text-align: left;" class="style3"><font class="_mt" size="2"><u>Minimum rental commitments under leases outstanding at December 31, 2010 follow (in millions):</u></font></p>
<div align="left">
<table border="0" cellspacing="0">
<tr><td width="2%"> </td>
<td width="18%"> </td>
<td width="2%"> </td>
<td width="15%"> </td>
<td width="2%"> </td>
<td width="8%"> </td>
<td width="2%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="6%"> </td>
<td width="7%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="2%"> </td></tr>
<tr valign="bottom"><td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="right"><font class="_mt" size="2">2016</font> </td>
<td align="left"><font class="_mt" size="2">and</font> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">2011</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">2012</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">2013</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">2014</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">2015</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">thereafter</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr>
<tr><td colspan="16"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">46</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">40</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">33</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">27</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">24</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">53</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr>
<tr><td colspan="16"> </td></tr>
<tr valign="bottom"><td align="right"> </td>
<td colspan="7" align="left"><font class="_mt" size="2">Total rental expense was $<font class="_mt">70</font> million for 2010, $<font class="_mt">65</font> million for 2009 and $<font class="_mt">59</font> million for 2008.</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td></tr></table>
<p><font class="_mt" size="2">A reconciliation of the changes in the product warranty liability for the year ended December 31 follows (in millions):</font></p>
<table border="0" cellspacing="0">
<tr><td width="2%"> </td>
<td width="18%"> </td>
<td width="2%"> </td>
<td width="15%"> </td>
<td width="2%"> </td>
<td width="8%"> </td>
<td width="2%"> </td>
<td width="17%"> </td>
<td width="2%"> </td>
<td width="6%"> </td>
<td width="7%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="2%"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">2010</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">2009</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr>
<tr valign="bottom"><td align="right"> </td>
<td style="text-indent: 1px;" align="left"><font class="_mt" size="2">Balance at January 1</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td style="text-indent: 7px;" align="left"><b><font class="_mt" size="2">$</font></b> </td>
<td align="right"><b><font class="_mt" size="2">24</font></b> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"> </td>
<td align="right"><font class="_mt" size="2">18</font> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td align="right"> </td>
<td style="text-indent: 1px;" colspan="5" align="left"><font class="_mt" size="2">Adjustments for warranties issued for current year sales</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"><b><font class="_mt" size="2">6</font></b> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"> </td>
<td align="right"><font class="_mt" size="2">7</font> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td align="right"> </td>
<td style="text-indent: 1px;" colspan="3" align="left"><font class="_mt" size="2">Adjustments for warranties related to prior year sales</font> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"><b><font class="_mt" size="2">(3</font></b> </td>
<td align="left"><b><font class="_mt" size="2">)</font></b> </td>
<td align="left"><font class="_mt" size="2">$</font> </td>
<td align="right"> </td>
<td align="right"><font class="_mt" size="2">1</font> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid; text-indent: 1px;" colspan="3" align="left"><font class="_mt" size="2">Settlements made during the current year</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">(3</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><b><font class="_mt" size="2">)</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(2</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left"><font class="_mt" size="2">Balance at December 31</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid; text-indent: 7px;" align="left"><b><font class="_mt" size="2">$</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><b><font class="_mt" size="2">24</font></b> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">24</font> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr></table></div>
<p style="margin: 0px;"> </p>
<p style="text-align: left;"><font class="_mt" size="2">Corning is a defendant in various lawsuits, including environmental, product-related suits, the Dow Corning and PCC matters discussed in Note 7 (Investments), and is subject to various claims that arise in the normal course of business. In the opinion of management, the likelihood that the ultimate disposition of these matters will have a material adverse effect on Corning's consolidated financial position, liquidity, or results of operations, is remote. Other than certain asbestos related claims, there are no other material loss contingencies related to litigation.</font></p>
<p style="text-align: left;"><font class="_mt" size="2">Corning has been named by the Environmental Protection Agency (the Agency) under the Superfund Act, or by state governments under similar state laws, as a potentially responsible party for <font class="_mt">20</font> active hazardous waste sites. Under the Superfund Act, all parties who may have contributed any waste to a hazardous waste site, identified by the Agency, are jointly and severally liable for the cost of cleanup unless the Agency agrees otherwise. It is Corning's policy to accrue for its estimated liability related to Superfund sites and other environmental liabilities related to property owned by Corning based on expert analysis and continual monitoring by both internal and external consultants. At December 31, 2010, and December 31, 2009, Corning had accrued approximately $<font class="_mt">30</font> million (undiscounted) and $<font class="_mt">26</font> million (undiscounted), respectively, for the estimated liability for environmental cleanup and related litigation. Based upon the information developed to date, management believes that the accrued reserve is a reasonable estimate of the Company's liability and that the risk of an additional loss in an amount materially higher than that accrued is remote.</font></p>
<p style="text-align: left;"><font class="_mt" size="2">The ability of certain subsidiaries and affiliated companies to transfer funds is limited by provisions of foreign government regulations, affiliate agreements and certain loan agreements. At December 31, 2010, the amount of equity subject to such restrictions for consolidated subsidiaries was not significant. While this amount is legally restricted, it does not result in operational difficulties since we have generally permitted subsidiaries to retain a majority of equity to support their growth programs.</font></p></div> </div>14. Commitments, Contingencies, and Guarantees
falsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringIncludes disclosure of commitments and contingencies. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
falsefalse
12Commitments, Contingencies, and GuaranteesUnKnownUnKnownUnKnownUnKnownfalsetrue