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Note 17 - Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

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

		Optical Communications				Display Technologies				Specialty Materials				Environmental Technologies				Life Sciences				Hemlock and Emerging Growth Businesses				Total

For the year ended December 31, 2023
Segment net sales		$	4,012			$	3,532			$	1,865			$	1,766			$	959			$	1,446			$	13,580
Depreciation ⁽¹⁾		$	263			$	481			$	149			$	129			$	69			$	144			$	1,235
Research, development and engineering expenses ⁽²⁾		$	238			$	102			$	229			$	99			$	33			$	162			$	863
Income tax provision ⁽³⁾		$	(130	)		$	(220	)		$	(53	)		$	(103	)		$	(13	)		$	(22	)		$	(541	)
Segment net income		$	478			$	842			$	202			$	386			$	50			$	15			$	1,973
Investment in affiliated companies, at equity		$	3			$	105			$	11							$	3			$	174			$	296
Segment assets ⁽⁴⁾		$	3,241			$	7,899			$	2,476			$	1,873			$	782			$	2,307			$	18,578
Capital expenditures		$	176			$	363			$	175			$	31			$	41			$	303			$	1,089

For the year ended December 31, 2022
Segment net sales		$	5,023			$	3,306			$	2,002			$	1,584			$	1,228			$	1,662			$	14,805
Depreciation ⁽¹⁾		$	249			$	547			$	155			$	128			$	60			$	146			$	1,285
Research, development and engineering expenses ⁽²⁾		$	230			$	124			$	222			$	98			$	37			$	163			$	874
Income tax provision ⁽³⁾		$	(180	)		$	(203	)		$	(90	)		$	(78	)		$	(40	)		$	(24	)		$	(615	)
Segment net income		$	661			$	769			$	340			$	292			$	153			$	39			$	2,254
Investment in affiliated companies, at equity		$	3			$	102			$	8							$	4			$	144			$	261
Segment assets ⁽⁴⁾		$	3,295			$	8,104			$	2,419			$	2,061			$	862			$	2,136			$	18,877
Capital expenditures		$	368			$	495			$	306			$	110			$	116			$	218			$	1,613

For the year ended December 31, 2021
Segment net sales		$	4,349			$	3,700			$	2,008			$	1,586			$	1,234			$	1,243			$	14,120
Depreciation ⁽¹⁾		$	224			$	605			$	161			$	139			$	52			$	134			$	1,315
Research, development and engineering expenses ⁽²⁾		$	216			$	110			$	208			$	111			$	33			$	160			$	838
Income tax (provision) benefit ⁽³⁾		$	(152	)		$	(249	)		$	(99	)		$	(72	)		$	(51	)		$	11			$	(612	)
Segment net income (loss)		$	553			$	960			$	371			$	269			$	194			$	(51	)		$	2,296
Investment in affiliated companies, at equity		$	3			$	109			$	6							$	4			$	142			$	264
Segment assets ⁽⁴⁾		$	3,183			$	8,672			$	2,328			$	2,150			$	791			$	2,024			$	19,148
Capital expenditures		$	301			$	710			$	183			$	228			$	128			$	149			$	1,699

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

		Year ended December 31,
		*2023*				2022				2021
Net sales of reportable segments		$	12,134			$	13,143			$	12,877
Net sales of Hemlock and Emerging Growth Businesses			1,446				1,662				1,243
Impact of constant currency reporting⁽¹⁾			(992	)			(616	)			(38	)
Consolidated net sales		$	12,588			$	14,189			$	14,082

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

		Year ended December 31,
		*2023*				2022				2021
Net income of reportable segments		$	1,958			$	2,215			$	2,347
Net income (loss) of Hemlock and Emerging Growth Businesses			15				39				(51	)
Unallocated amounts:
Impact of constant currency reporting			(744	)			(480	)			(87	)
Gain on foreign currency hedges related to translated earnings			161				348				354
Translation gain on Japanese yen-denominated debt			100				191				180
Litigation, regulatory and other legal matters			(61	)			(100	)			(16	)
Research, development, and engineering expense ⁽¹⁾⁽²⁾			(162	)			(163	)			(151	)
Amortization of intangibles			(122	)			(123	)			(129	)
Interest expense, net			(244	)			(237	)			(265	)
Income tax benefit			373				204				120
Pension mark-to-market			(15	)			(11	)			(32	)
Severance (charges) credits ⁽²⁾			(187	)			(70	)			13
Capacity optimization and other charges and credits ⁽³⁾			(284	)			(344	)			(123	)
Bond redemption loss ⁽⁴⁾											(31	)
Gain on sale of business							53				54
Other corporate items			(207	)			(206	)			(277	)
Net income		$	581			$	1,316			$	1,906

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

		December 31,
		*2023*				2022				2021
Total assets of reportable segments		$	16,271			$	16,741			$	17,124
Total assets of Hemlock and Emerging Growth Businesses			2,307				2,136				2,024
Unallocated amounts:
Current assets ⁽¹⁾			2,522				2,823				3,163
Investments ⁽²⁾			119				99				54
Property, plant and equipment, net ⁽³⁾			1,038				1,385				1,426
Other non-current assets ⁽⁴⁾			6,243				6,315				6,363
Total assets		$	28,500			$	29,499			$	30,154

Revenue from External Customers by Products and Services [Table Text Block]

		Year ended December 31,
Revenue from external customers		*2023*				2022				2021

Optical Communications
Carrier network		$	2,871			$	3,760			$	3,200
Enterprise network			1,141				1,263				1,149
Total Optical Communications			4,012				5,023				4,349

Display Technologies			3,532				3,306				3,700

Specialty Materials
Corning® Gorilla® Glass			1,136				1,331				1,403
Advanced optics and other specialty glass			729				671				605
Total Specialty Materials			1,865				2,002				2,008

Environmental Technologies
Automotive and other			1,123				934				936
Diesel			643				650				650
Total Environmental Technologies			1,766				1,584				1,586

Life Sciences
Labware			487				657				671
Cell culture products			472				571				563
Total Life Science			959				1,228				1,234

Hemlock and Emerging Growth Businesses
Polycrystalline Silicon			1,014				1,191				892
Other			432				471				351
Total Hemlock and Emerging Growth Businesses			1,446				1,662				1,243

Net sales of reportable segments			12,134				13,143				12,877
Net sales of Hemlock and Emerging Growth Businesses			1,446				1,662				1,243
Impact of constant currency reporting ⁽¹⁾			(992	)			(616	)			(38	)
Consolidated net sales		$	12,588			$	14,189			$	14,082

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

		*2023*								2022								2021
		Net sales ⁽¹⁾				Long-lived assets ⁽²⁾				Net sales ⁽¹⁾				Long-lived assets ⁽²⁾				Net sales ⁽¹⁾				Long-lived assets ⁽²⁾

North America:
United States		$	4,439			$	8,698			$	5,149			$	8,937			$	4,539			$	8,600
Canada			317				95				503				99				472				114
Mexico			84				211				96				180				93				289
Total North America			4,840				9,004				5,748				9,216				5,104				9,003

Asia Pacific:
Japan			667				388				617				429				780				496
Taiwan			855				1,515				813				1,696				983				1,923
China			4,439				4,575				4,435				4,794				4,495				4,966
Korea			418				3,092				514				3,294				640				3,479
Other			620				88				729				81				459				84
Total Asia Pacific			6,999				9,658				7,108				10,294				7,357				10,948

Europe:
Germany			535				464				539				459				462				500
Other			998				956				1,116				937				925				910
Total Europe			1,533				1,420				1,655				1,396				1,387				1,410

All Other			208				53				294				67				272				68
Total		$	13,580			$	20,135			$	14,805			$	20,973			$	14,120			$	21,429