Note 6 - Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three months ended				Nine months ended
	September 30,				September 30,
	2021		2020		2021		2020
Net income attributable to Corning Incorporated	$	371	$	427	$	1,419	$	260
Less: Series A convertible preferred stock dividend				24		24		73
Less: Excess consideration paid for redemption of preferred shares						803
Net income available to common shareholders – basic		371		403		592		187
Plus: Series A convertible preferred stock dividend				24
Net income available to common shareholders – diluted	$	371	$	427	$	592	$	187
Weighted-average common shares outstanding – basic		852		760		821		760
Effect of dilutive securities:
Employee stock options and other dilutive securities		14		14		16		8
Series A convertible preferred stock (1)				115
Weighted-average common shares outstanding – diluted		866		889		837		768
Basic earnings per common share	$	0.44	$	0.53	$	0.72	$	0.25
Diluted earnings per common share	$	0.43	$	0.48	$	0.71	$	0.24
Anti-dilutive potential shares excluded from diluted earnings per common share:
Series A convertible preferred stock (1)						41		115
Employee stock options and awards				3				7
Total		—		3		41		122