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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,359 $ 1,768
Trade accounts receivable, net of doubtful accounts - $31 and $33 2,045 2,053
Inventories (Note 5) 2,896 2,724
Other current assets 1,344 1,447
Total current assets 7,644 7,992
Property, plant and equipment, net of accumulated depreciation - $14,523 and $14,492 13,360 13,359
Goodwill 2,371 2,363
Other intangible assets, net 732 752
Deferred income taxes (Note 3) 1,183 1,130
Other assets 2,104 2,139
Total Assets 27,394 27,735
Current liabilities:    
Current portion of long-term debt and short-term borrowings (Note 7) 283 326
Accounts payable 1,737 1,472
Other accrued liabilities (Notes 6 and 10) 2,503 3,121
Total current liabilities 4,523 4,919
Long-term debt (Note 7) 6,954 6,885
Postretirement benefits other than pensions (Note 8) 333 336
Other liabilities (Notes 6 and 10) 4,456 4,525
Total liabilities 16,266 16,665
Commitments and contingencies (Note 10)
Shareholders’ equity (Note 12):    
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion 922 921
Additional paid-in capital – common stock 17,327 17,264
Retained earnings 15,839 15,926
Treasury stock, at cost; Shares held: 990 million and 987 million (21,012) (20,882)
Accumulated other comprehensive loss (2,360) (2,543)
Total Corning Incorporated shareholders’ equity 10,716 10,686
Non-controlling interest 412 384
Total equity 11,128 11,070
Total Liabilities and Equity $ 27,394 $ 27,735