Note 3 - Investments (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Equity Method Investments [Table Text Block]

	Ownership	December 31,
	interest	2021		2020
Affiliated companies accounted for by the equity method	50% or less	$	264	$	258
Other investments			64		177
Total investment assets		$	328	$	435

Schedule of Affiliate Result of Operations [Table Text Block]

	2021		2020			2019
Statement of operations (1):
Net sales	$	816	$	1,201		$	1,508
Gross profit	$	104	$	136		$	79
Net income (loss)	$	113	$	(48	)	$	(102	)
Net income (loss) attributable to the affiliated companies	$	114	$	(15	)	$	70
Corning’s equity in earnings (losses) of affiliated companies	$	35	$	(25	)	$	17
Related party transactions:
Corning sales to affiliated companies	$	312	$	253		$	277
Corning purchases from affiliated companies	$	12	$	8		$	12
Corning transfers of assets, at cost, to affiliated companies	$	1	$	9		$	8
Dividends received from affiliated companies	$	6	$	1		$	106
Intercompany sales within HSG (included in net sales)			$	55		$	112

	2021		2020
Balance sheet:
Current assets	$	648	$	534
Noncurrent assets	$	549	$	466
Short-term borrowings, including current portion of long-term debt	$	6	$	2
Other current liabilities	$	159	$	164
Long-term debt	$	58	$	60
Other long-term liabilities	$	66	$	11
Related party transactions:
Balances due from affiliated companies	$	38	$	36
Balances due to affiliated companies	$	1	$	1

	2020		2019
Statement of operations:
Net sales	$	423	$	779
Gross profit	$	87	$	9
Net income (loss) (1)	$	11	$	(117	)
Net income attributable to HSG	$	44	$	54
Corning’s equity in earnings of affiliated companies	$	22	$	27
Related party transactions:
Dividends received from affiliated companies			$	100
Intercompany sales within HSG (included in net sales)	$	55	$	112

	2020
Balance sheet:
Current assets	$	853
Noncurrent assets	$	725
Short-term borrowings, including current portion of long-term debt	$	178
Other current liabilities	$	337
Long-term debt	$	6
Other long-term liabilities	$	1,499
Non-controlling interest	$	9
Related party transactions:
Intercompany receivables and payables within HSG (included in current assets and other current liabilities)	$	8