2.2.0.25falsefalse10201 - Disclosure - Restructuring, Impairment and Other (Credits) and Chargestruefalsefalse1falsefalseUSDfalsefalse1/1/2010 - 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_RestructuringImpairmentAndOtherChargesCreditsAbstractglwfalsenadurationRestructuring, Impairment and Other Charges (Credits) [Abstract]falsefalsefalsefalsefalsefalsefalsefalsefalsefalse| 1falsefalsefalse00falsefalsefalsefalsefalse | Otherxbrli:stringItemTypestringRestructuring, Impairment and Other Charges (Credits) [Abstract]falsefalse
3false0us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlockus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel| 1falsefalsefalse00<div>
<div style="padding-left: 0%; width: 100%; padding-right: 0%; height: 148px;">
<p style="text-align: left;"><b><font class="_mt" size="2">2. Restructuring, Impairment and Other (Credits) and Charges</font></b></p>
<p style="text-align: left;"><b><i><font class="_mt" size="2">2010 Activity</font></i></b></p>
<p style="text-align: left;"><font class="_mt" size="2">Corning recorded credits of $<font class="_mt">329</font> million in 2010. During 2009, we had two events which impacted production at several of our LCD glass manufacturing facilities. In August 2009, an earthquake halted production at one of our LCD glass manufacturing facilities in Japan and in October 2009, production at our facility in Taichung, Taiwan was impacted by a power disruption. In the fourth quarter of 2010, we recorded $<font class="_mt">324</font> million in other credits in our Display segment as settlement of business interruption and property damage insurance claims resulting from these events.</font></p>
<p style="text-align: center;"> </p></div>
<div> </div><a name="page_77"> </a><br /><a name="_bclPageBorder77"> </a>
<div style="padding-left: 0%; width: 100%; padding-right: 0%; height: 1113px;">
<p style="text-align: left;"><font class="_mt" size="2">The following table summarizes the restructuring, and other (credits) and charges as of and for the year ended December 31, 2010 (in millions):</font></p>
<div align="left">
<table border="0" cellspacing="0">
<tr><td width="28%"> </td>
<td width="2%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="11%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="8%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="9%"> </td>
<td width="2%"> </td></tr>
<tr valign="bottom"><td align="left"> </td>
<td align="right"> </td>
<td align="center"><font class="_mt" size="2">Reserve at</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="center"><font class="_mt" size="2">Net</font></td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td colspan="2" align="center"><font class="_mt" size="2">Reserve at</font></td></tr>
<tr valign="bottom"><td align="left"> </td>
<td align="right"> </td>
<td align="left"><font class="_mt" size="2">January 1,</font></td>
<td align="right"> </td>
<td style="text-indent: 1px;" align="left"><font class="_mt" size="2">Non-cash</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td align="center"><font class="_mt" size="2">charges/</font></td>
<td align="left"> </td>
<td align="right"> </td>
<td align="center"><font class="_mt" size="2">Cash</font></td>
<td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">December 31,</font></td></tr>
<tr valign="bottom"><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="center"><font class="_mt" size="2">2010</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">adjustments</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">(reversals)</font></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="center"><font class="_mt" size="2">payments</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">2010</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Restructuring:</font></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="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Employee related costs</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td style="text-indent: 1px;" align="left"><font class="_mt" size="2">80</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(2</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(5</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(58</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">15</font></td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Other charges (credits)</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">20</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="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"> </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"><font class="_mt" size="2">)</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">12</font></td></tr>
<tr valign="bottom"><td style="text-indent: 2px;" align="left"><font class="_mt" size="2">Total restructuring activity</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left"><font class="_mt" size="2">100</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(2</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="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(5</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">)</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(66</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="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">27</font></td></tr>
<tr><td colspan="14"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Other (credits) and charges:</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Settlement of business interruption and</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" align="left"><font class="_mt" size="2">property damage insurance claims</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(324</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">)</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td align="center"><font class="_mt" size="2">Total other credits</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(324</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">)</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr><td colspan="14"> e</td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Total restructuring, impairment and other</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left"><font class="_mt" size="2">(credits) and charges</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">( 329</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"> </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></table></div>
<p style="margin: 0px;"> </p>
<p style="text-align: left;"><font class="_mt" size="2">Cash payments for employee-related costs were substantially completed in 2010, while payments for exit activities will be substantially complete by the end of 2011.</font></p>
<p style="text-align: left;"><b><i><font class="_mt" size="2">2009 Activity</font></i></b></p>
<p style="text-align: left;"><font class="_mt" size="2">Corning recorded net charges of $228 million in 2009. A summary of the charges follows:</font></p>
<ul>
<li>
<p align="justify"><font class="_mt" size="2">We recorded a charge of $<font class="_mt">228</font> million associated with a corporate-wide restructuring plan to reduce our global workforce in</font> <font class="_mt" size="2">response to anticipated lower sales in 2009. The charge included costs for severance, special termination benefits,</font> <font class="_mt" size="2">outplacement services, asset disposal costs, and the impact of a $<font class="_mt">32</font> million curtailment loss for postretirement benefits in</font> <font class="_mt" size="2">2009. Total cash expenditures associated with this plan are expected to be approximately $<font class="_mt">150</font> million with the majority of</font> <font class="_mt" size="2">spending completed in 2010.</font></p></li></ul>
<p style="text-align: left;"><font class="_mt" size="2">The following table summarizes the restructuring, and other charges and (credits) as of and for the year ended December 31, 2009 (in millions):</font></p>
<div align="left">
<table border="0" cellspacing="0">
<tr><td width="30%"> </td>
<td width="8%"> </td>
<td width="4%"> </td>
<td width="2%"> </td>
<td width="9%"> </td>
<td width="2%"> </td>
<td width="12%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="10%"> </td>
<td width="2%"> </td>
<td width="9%"> </td>
<td width="3%"> </td></tr>
<tr valign="bottom"><td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">Reserve at</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td colspan="2" align="center"><font class="_mt" size="2">Reserve at</font></td></tr>
<tr valign="bottom"><td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">January 1,</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td style="text-indent: 1px;" align="left"><font class="_mt" size="2">Non-cash</font></td>
<td align="left"> </td>
<td align="right"> </td>
<td align="center"><font class="_mt" size="2">Cash</font></td>
<td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">December 31,</font></td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">2009</font></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">Charges</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">settlements</font></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="center"><font class="_mt" size="2">payments</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">2009</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr>
<tr><td colspan="13"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Restructuring:</font></td>
<td align="left"> </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="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Employee related costs</font></td>
<td align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">17</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">203</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(54</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(86</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">80</font></td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Other charges (credits)</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">17</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">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="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">(3</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="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">20</font></td></tr>
<tr valign="bottom"><td style="text-indent: 2px;" align="left"><font class="_mt" size="2">Total restructuring activity</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">34</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">209</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(54</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">)</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(89</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="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">100</font></td></tr>
<tr><td colspan="13"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Impairment of long-lived assets:</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Assets to be disposed of</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">19</font></td>
<td align="right"> </td>
<td align="left"> </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></tr>
<tr valign="bottom"><td style="text-indent: 2px;" align="left"><font class="_mt" size="2">Total impairment charges</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">19</font></td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr><td colspan="13"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Total restructuring, impairment and other</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left"><font class="_mt" size="2">charges</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">228</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="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="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td></tr></table></div>
<div style="padding-left: 0%; width: 100%; padding-right: 0%; height: 796px;">
<div align="left">
<table border="0" cellspacing="0">
<tr><td width="87%"> </td>
<td width="6%"> </td>
<td width="5%"> </td></tr>
<tr valign="bottom"><td align="left"><b><font class="_mt" size="2"> </font></b></td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr><td colspan="3"> </td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">The year-to-date cost of these plans for each of our reportable operating segments was as follows (in millions):</font></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 align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">Employee-</font></td></tr>
<tr valign="bottom"><td align="left"> </td>
<td align="left"> </td>
<td align="center"><font class="_mt" size="2">related</font></td></tr>
<tr valign="bottom"><td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">and other</font></td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">Operating segment</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">costs</font></td></tr>
<tr valign="bottom"><td style="text-indent: 4px;" align="left"><font class="_mt" size="2">Display Technologies</font></td>
<td align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">31</font></td></tr>
<tr valign="bottom"><td style="text-indent: 4px;" align="left"><font class="_mt" size="2">Telecommunications</font></td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">42</font></td></tr>
<tr valign="bottom"><td style="text-indent: 4px;" align="left"><font class="_mt" size="2">Environmental Technologies</font></td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">28</font></td></tr>
<tr valign="bottom"><td style="text-indent: 4px;" align="left"><font class="_mt" size="2">Specialty Materials</font></td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">17</font></td></tr>
<tr valign="bottom"><td style="text-indent: 4px;" align="left"><font class="_mt" size="2">Life Sciences</font></td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">8</font></td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 4px;" align="left"><font class="_mt" size="2">Corporate and All Other</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">102</font></td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 5px;" align="left"><font class="_mt" size="2">Total restructuring, impairment and other charges</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">228</font></td></tr>
<tr><td colspan="3"> </td></tr>
<tr valign="bottom"><td align="left"><b><i><font class="_mt" size="2">2008 Activity</font></i></b></td>
<td align="left"> </td>
<td align="left"> </td></tr>
<tr><td colspan="3"> </td></tr>
<tr valign="bottom"><td align="left"><font class="_mt" size="2">Corning recorded net charges of $<font class="_mt">19</font> million in 2008. A summary of the charges and credits follows:</font></td>
<td align="left"> </td>
<td align="left"> </td></tr></table></div>
<p style="margin: 0px;"> </p>
<ul>
<li>
<p align="justify"><font class="_mt" size="2">We recorded a charge of $<font class="_mt">22</font> million, which was comprised primarily of severance costs for a restructuring plan in the</font> <font class="_mt" size="2">Telecommunications segment.</font></p>
</li>
<li>
<p align="justify"><font class="_mt" size="2">We recorded net credit adjustments of $<font class="_mt">3</font> million for revisions to existing restructuring plans.</font></p></li></ul>
<p style="text-align: left;"><font class="_mt" size="2">The following table summarizes the restructuring, and other charges and (credits) as of and for the year ended December 31, 2008 (in millions):</font></p>
<div align="left">
<table border="0" cellspacing="0">
<tr><td width="19%"> </td>
<td width="5%"> </td>
<td width="4%"> </td>
<td width="3%"> </td>
<td width="7%"> </td>
<td width="6%"> </td>
<td width="4%"> </td>
<td width="2%"> </td>
<td width="2%"> </td>
<td width="6%"> </td>
<td width="3%"> </td>
<td width="8%"> </td>
<td width="2%"> </td>
<td width="4%"> </td>
<td width="7%"> </td>
<td width="2%"> </td>
<td width="3%"> </td>
<td width="5%"> </td></tr>
<tr valign="bottom"><td align="left"> </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="6" align="left"><font class="_mt" size="2">Year ended December 31, 2008</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></tr>
<tr valign="bottom"><td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">Reserve</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">Revisions</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 colspan="2" align="right"><font class="_mt" size="2">Reserve</font></td></tr>
<tr valign="bottom"><td align="left"> </td>
<td align="center"><font class="_mt" size="2">at</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"> </td>
<td align="center"><font class="_mt" size="2">to</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="center"><font class="_mt" size="2">at</font></td></tr>
<tr valign="bottom"><td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">Jan. 1,</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">existing</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td align="right"><font class="_mt" size="2">Net</font></td>
<td align="left"> </td>
<td align="center"><font class="_mt" size="2">Non-cash</font></td>
<td align="left"> </td>
<td align="left"> </td>
<td align="left"><font class="_mt" size="2">Cash</font></td>
<td align="left"> </td>
<td colspan="2" align="right"><font class="_mt" size="2">Dec. 31,</font></td></tr>
<tr valign="bottom"><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">2008</font></td>
<td style="border-bottom: #000000 1px solid; text-indent: 1px;" colspan="2" align="left"><font class="_mt" size="2">Charges</font></td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="center"><font class="_mt" size="2">plans</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"> </td>
<td style="border-bottom: #000000 1px solid; text-indent: 2px;" colspan="2" align="left"><font class="_mt" size="2">charges</font></td>
<td style="border-bottom: #000000 1px solid;" colspan="2" align="right"><font class="_mt" size="2">settlements</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">payments</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="center"><font class="_mt" size="2">2008</font></td></tr>
<tr><td colspan="18"> </td></tr>
<tr valign="bottom"><td style="text-indent: 1px;" align="left"><font class="_mt" size="2">Restructuring:</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>
<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;" align="left"><font class="_mt" size="2">Employee related costs</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">12</font></td>
<td align="center"><font class="_mt" size="2">$</font></td>
<td style="text-indent: 4px;" align="left"><font class="_mt" size="2">22</font></td>
<td align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(3</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td style="text-indent: 2px;" align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">19</font></td>
<td align="right"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(2</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td style="text-indent: 3px;" align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">(12</font></td>
<td align="left"><font class="_mt" size="2">)</font></td>
<td align="left"><font class="_mt" size="2">$</font></td>
<td align="right"><font class="_mt" size="2">17</font></td></tr>
<tr valign="bottom"><td style="border-bottom: #000000 1px solid; text-indent: 1px;" align="left"><font class="_mt" size="2">Other charges (credits)</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">22</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="right"><font class="_mt" size="2">(5</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="left"> </td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">17</font></td></tr>
<tr valign="bottom"><td style="text-indent: 4px;" align="left"><font class="_mt" size="2">Total restructuring</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>
<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: 5px;" align="left"><font class="_mt" size="2">activity</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">34</font></td>
<td style="border-bottom: #000000 1px solid;" align="center"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid; text-indent: 4px;" align="left"><font class="_mt" size="2">22</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(3</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">)</font></td>
<td style="border-bottom: #000000 1px solid; text-indent: 2px;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">19</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(2</font></td>
<td style="border-bottom: #000000 1px solid;" align="left"><font class="_mt" size="2">)</font></td>
<td style="border-bottom: #000000 1px solid; text-indent: 3px;" align="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">(17</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="left"><font class="_mt" size="2">$</font></td>
<td style="border-bottom: #000000 1px solid;" align="right"><font class="_mt" size="2">34</font></td></tr></table></div></div>
<p style="text-align: left;"><font class="_mt" size="2"> </font> </p></div>
<div> </div><a name="page_78"> </a><br /><a name="_bclPageBorder78"> </a> </div>2. Restructuring, Impairment and Other (Credits) and Charges
2010 Activity
Corning recorded credits of $329 million in 2010. During 2009, we had two eventsfalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringDescription of restructuring activities including exit and disposal activities, which should include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. This description does not include restructuring costs in connection with a business combination or discontinued operations and long-lived assets (disposal groups) sold or classified as held for sale. 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 Statement of Financial Accounting Standard (FAS)
-Number 146
-Paragraph 20
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 5
-Section P
-Subsection 3, 4
falsefalse
12Restructuring, Impairment and Other (Credits) and ChargesUnKnownUnKnownUnKnownUnKnownfalsetrue