XML 18 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,768 $ 1,779
Trade accounts receivable, net of doubtful accounts - $33 and $30 2,053 1,572
Inventories (Note 4) 2,724 2,666
Other current assets (Notes 9 and 13) 1,447 1,195
Total current assets 7,992 7,212
Property, plant and equipment, net of accumulated depreciation - $14,492 and $14,553 (Note 7) 13,359 14,630
Goodwill (Note 8) 2,363 2,380
Other intangible assets, net (Note 8) 752 905
Deferred income taxes (Note 6) 1,130 1,153
Other assets (Notes 9 and 13) 2,139 2,220
Total Assets 27,735 28,500
Current liabilities:    
Current portion of long-term debt and short-term borrowings (Note 10) 326 320
Accounts payable 1,472 1,466
Other accrued liabilities (Notes 9 and 12) 3,121 2,533
Total current liabilities 4,919 4,319
Long-term debt (Note 10) 6,885 7,206
Postretirement benefits other than pensions (Note 11) 336 398
Other liabilities (Notes 9 and 12) 4,525 4,709
Total liabilities 16,665 16,632
Commitments and contingencies (Note 12)
Shareholders’ equity (Note 14):    
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion 921 916
Additional paid-in capital – common stock 17,264 16,929
Retained earnings 15,926 16,391
Treasury stock, at cost; Shares held: 987 million and 980 million (20,882) (20,637)
Accumulated other comprehensive loss (2,543) (2,048)
Total Corning Incorporated shareholders’ equity 10,686 11,551
Non-controlling interest 384 317
Total equity 11,070 11,868
Total Liabilities and Equity $ 27,735 $ 28,500