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Note 14 - Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

																						Hemlock and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Three months ended
June 30, 2022
Segment net sales		$	1,313			$	878			$	485			$	356			$	312			$	418			$	3,762
Depreciation ⁽¹⁾		$	68			$	146			$	42			$	34			$	16			$	35			$	341
Research, development and engineering expenses ⁽²⁾		$	58			$	30			$	44			$	24			$	9			$	38			$	203
Income tax provision ⁽³⁾		$	(51	)		$	(59	)		$	(24	)		$	(16	)		$	(10	)		$	(10	)		$	(170	)
Segment net income ⁽⁴⁾		$	182			$	228			$	91			$	62			$	37			$	25			$	625

																						Hemlock and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Three months ended
June 30, 2021
Segment net sales		$	1,075			$	939			$	483			$	407			$	312			$	288			$	3,504
Depreciation ⁽¹⁾		$	58			$	149			$	42			$	35			$	14			$	34			$	332
Research, development and engineering expenses ⁽²⁾		$	52			$	26			$	49			$	29			$	8			$	36			$	200
Income tax (provision) benefit ⁽³⁾		$	(40	)		$	(64	)		$	(22	)		$	(21	)		$	(14	)		$	3			$	(158	)
Segment net income (loss) ⁽⁴⁾		$	148			$	248			$	81			$	81			$	52			$	(15	)		$	595

																						Hemlock and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Six months ended
June 30, 2022
Segment net sales		$	2,511			$	1,837			$	978			$	765			$	622			$	793			$	7,506
Depreciation ⁽¹⁾		$	127			$	302			$	82			$	67			$	30			$	73			$	681
Research, development and engineering expenses ⁽²⁾		$	113			$	61			$	97			$	49			$	18			$	78			$	416
Income tax provision ⁽³⁾		$	(96	)		$	(122	)		$	(44	)		$	(36	)		$	(21	)		$	(11	)		$	(330	)
Segment net income ⁽⁴⁾		$	348			$	464			$	166			$	136			$	79			$	17			$	1,210

																						Hemlock and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Six months ended
June 30, 2021
Segment net sales		$	2,012			$	1,802			$	934			$	848			$	612			$	559			$	6,767
Depreciation ⁽¹⁾		$	116			$	297			$	83			$	71			$	26			$	66			$	659
Research, development and engineering expenses ⁽²⁾		$	103			$	48			$	94			$	56			$	16			$	70			$	387
Income tax (provision) benefit ⁽³⁾		$	(71	)		$	(120	)		$	(46	)		$	(41	)		$	(27	)		$	11			$	(294	)
Segment net income (loss) ⁽⁴⁾		$	259			$	461			$	172			$	155			$	100			$	(39	)		$	1,108

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

		Three months ended								Six months ended
		June 30,								June 30,
		2022				2021				2022				2021
Net sales of reportable segments		$	3,344			$	3,216			$	6,713			$	6,208
Net sales of Hemlock and Emerging Growth Businesses			418				288				793				559
Impact of foreign currency movements ⁽¹⁾			(147	)			(3	)			(211	)			24
Consolidated net sales		$	3,615			$	3,501			$	7,295			$	6,791

Reconciliation of Net Income (Loss) from Segments to Consolidated [Table Text Block]

		Three months ended								Six months ended
		June 30,								June 30,
		2022				2021				2022				2021
Net income of reportable segments		$	600			$	610			$	1,193			$	1,147
Net income (loss) of Hemlock and Emerging Growth Businesses			25				(15	)			17				(39	)
Unallocated amounts:
Impact of foreign currency movements not included in segment net income (loss)			(120	)			(20	)			(183	)			(14	)
Gain on foreign currency hedges related to translated earnings			196				3				325				275
Translation gain on Japanese yen-denominated debt			153				5				237				123
Research, development, and engineering expenses			(37	)			(42	)			(72	)			(77	)
Amortization of intangibles			(30	)			(33	)			(61	)			(65	)
Interest expense, net			(60	)			(67	)			(121	)			(141	)
Income tax benefit (provision)			4				91				(16	)			1
Gain on sale of a business							40				53				54
Other corporate items			(168	)			(123	)			(228	)			(216	)
Net income attributable to Corning Incorporated		$	563			$	449			$	1,144			$	1,048