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Note 15 - Reportable Segments (Tables)

9 Months Ended

Sep. 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 September 30, 2022
Segment net sales		$	1,317			$	686			$	519			$	425			$	312			$	407			$	3,666
Depreciation ⁽¹⁾		$	96			$	151			$	56			$	44			$	23			$	38			$	408
Research, development and engineering expenses ⁽²⁾		$	60			$	31			$	66			$	25			$	10			$	43			$	235
Income tax provision ⁽³⁾		$	(50	)		$	(35	)		$	(26	)		$	(23	)		$	(11	)		$	(8	)		$	(153	)
Segment net income ⁽⁴⁾		$	183			$	134			$	96			$	87			$	43			$	18			$	561

																						Hemlock
																						and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Three months ended September 30, 2021
Segment net sales		$	1,131			$	956			$	556			$	385			$	305			$	306			$	3,639
Depreciation ⁽¹⁾		$	58			$	153			$	42			$	34			$	14			$	38			$	339
Research, development and engineering expenses ⁽²⁾		$	57			$	31			$	49			$	28			$	9			$	44			$	218
Income tax provision ⁽³⁾		$	(38	)		$	(64	)		$	(28	)		$	(16	)		$	(12	)		$	(1	)		$	(159	)
Segment net income (loss) ⁽⁴⁾		$	139			$	247			$	107			$	60			$	45			$	(5	)		$	593

																						Hemlock
																						and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Nine months ended September 30, 2022
Segment net sales		$	3,828			$	2,523			$	1,497			$	1,190			$	934			$	1,200			$	11,172
Depreciation ⁽¹⁾		$	223			$	453			$	138			$	111			$	53			$	111			$	1,089
Research, development and engineering expenses ⁽²⁾		$	173			$	92			$	163			$	74			$	28			$	121			$	651
Income tax provision ⁽³⁾		$	(146	)		$	(157	)		$	(70	)		$	(59	)		$	(32	)		$	(19	)		$	(483	)
Segment net income ⁽⁴⁾		$	531			$	598			$	262			$	223			$	122			$	35			$	1,771

																						Hemlock
																						and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Nine months ended September 30, 2021
Segment net sales		$	3,143			$	2,758			$	1,490			$	1,233			$	917			$	865			$	10,406
Depreciation ⁽¹⁾		$	174			$	450			$	125			$	105			$	40			$	104			$	998
Research, development and engineering expenses ⁽²⁾		$	160			$	79			$	143			$	84			$	25			$	114			$	605
Income tax (provision) benefit ⁽³⁾		$	(109	)		$	(184	)		$	(74	)		$	(57	)		$	(39	)		$	10			$	(453	)
Segment net income (loss) ⁽⁴⁾		$	398			$	708			$	279			$	215			$	145			$	(44	)		$	1,701

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

		Three months ended								Nine months ended
		September 30,								September 30,
		2022				2021				2022				2021
Net sales of reportable segments		$	3,259			$	3,333			$	9,972			$	9,541
Net sales of Hemlock and Emerging Growth Businesses			407				306				1,200				865
Impact of constant currency reporting ⁽¹⁾			(178	)			(24	)			(389	)
Consolidated net sales		$	3,488			$	3,615			$	10,783			$	10,406

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

		Three months ended								Nine months ended
		September 30,								September 30,
		2022				2021				2022				2021
Net income of reportable segments		$	543			$	598			$	1,736			$	1,745
Net income (loss) of Hemlock and Emerging Growth Businesses			18				(5	)			35				(44	)
Unallocated amounts:
Impact of constant currency reporting not included in segment net income (loss) ⁽¹⁾			(136	)			(33	)			(319	)			(47	)
(Loss) gain on foreign currency hedges related to translated earnings			(68	)			(13	)			257				262
Translation gain on Japanese yen-denominated debt			84				4				321				127
Litigation, regulatory and other legal matters			(23	)			(3	)			(65	)			(11	)
Research, development, and engineering expenses ⁽²⁾			(43	)			(34	)			(115	)			(107	)
Amortization of intangibles			(31	)			(32	)			(92	)			(97	)
Interest expense, net			(59	)			(64	)			(180	)			(205	)
Income tax benefit			119				50				103				51
Restructuring, impairment and other charges and credits ⁽³⁾			(138	)			(40	)			(217	)			(42	)
Gain on sale of a business											53				54
Other corporate items			(58	)			(57	)			(165	)			(267	)
Net income attributable to Corning Incorporated		$	208			$	371			$	1,352			$	1,419