XML 66 R53.htm IDEA: XBRL DOCUMENT v3.5.0.2
ACQUISITIONS AND DIVESTITURES (Ownership Restructure of Dow Corning Corporation) (Details) - USD ($)
$ in Millions
9 Months Ended
Jun. 01, 2016
Sep. 30, 2016
Sep. 30, 2015
May 31, 2016
Dec. 31, 2015
Line of Credit Facility, Maximum Borrowing Capacity   $ 10,880      
Equity Method Investments   3,566     $ 3,958
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain   2,445 $ 361    
Dow Corning Corporation [Member]          
Equity Method Investment, Corning's Ownership Percentage Prior to Restructure 50.00%        
Equity Method Investment, Ownership Percentage 50.00%        
SplitCo [Member]          
Corning, Inc Ownership Percentage 100.00%        
SplitCo's Cash and Cash Equivalents $ 4,800        
Consumer Solutions [Member]          
Goodwill   0      
Infrastructure Solutions [Member]          
Goodwill   0      
Dow Corning Corporation [Member]          
Equity Method Investments 1,968        
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 2,445        
Deferred Other Tax Expense (Benefit) 141        
Total Enterprise Fair Value of Dow Corning Ownership Restructure 9,636        
Fair Value of Previously Held Equity Investment, excluding the HSC Group 4,818        
Cash and cash equivalents 1,050        
Accounts and notes receivable - Trade 647        
Accounts and notes receivable - Other 223        
Inventories 1,147        
Other current assets 51        
Investment in nonconsolidated affiliates 110        
Noncurrent receivables 112        
Net property 4,010        
Other intangible assets (1) [1] 2,987        
Deferred income tax assets 996        
Other assets 98        
Total Assets Acquired 11,431        
Accounts payable - Trade 372        
Income taxes payable 261        
Accrued and other current liabilities 406        
Other current liabilities 92        
Long-Term Debt 4,672        
Deferred income tax liabilities 1,863        
Pension and other postretirement benefits - noncurrent (2) [2] 1,241        
Other noncurrent obligations 438        
Total Liabilities Assumed 9,345        
Non-redeemable noncontrolling interests 473        
Goodwill 3,205 3,205      
Business Combination, Acquired Receivables, Fair Value 647        
Business Combination, Acquired Receivables, Gross Contractual Amount 654        
Business Combination, Acquired Inventory, Fair Value Step-Up, Portion Expensed   317      
Operating Loss Carryforwards 568        
Deferred Tax Assets, Property 161        
Deferred Tax Liabilities, Property 767        
Deferred Tax Assets, Tax loss and credit carryforwards 227        
Deferred Tax Liabilities, Tax loss and credit carryforwards 0        
Deferred Tax Assets, Postretirement benefit obligations 474        
Deferred Tax Liabilities, Postretirement benefit obligations 0        
Deferred Tax Assets, Other accruals and reserves 63        
Deferred Tax Liabilities, Other accruals and reserves 47        
Deferred Tax Assets, Intangibles 11        
Deferred Tax Liabilities, Intangibles 1,008        
Deferred Tax Assets, Inventory 2        
Deferred Tax Liabilities, Inventory 33        
Deferred Tax Assets, Long-term Debt 49        
Deferred Tax Liabilities, Long-term Debt 0        
Deferred Tax Assets, Investments 23        
Deferred Tax Liabilities, Investments 8        
Deferred Tax Assets, Subtotal 1,010        
Deferred Tax Liabilities, Subtotal 1,863        
Deferred Tax Assets, Valuation Allowance (14)        
Deferred Tax Liabilities, Valuation Allowance 0        
Deferred Tax Assets,Total Deferred Tax Balances 996        
Dow Corning Corporation [Member] | Trademarks [Member]          
Other intangible assets (1) [1] 30        
Dow Corning Corporation [Member] | Intellectual Property [Member]          
Other intangible assets (1) [1] 1,200        
Dow Corning Corporation [Member] | Computer Software, Intangible Asset [Member]          
Other intangible assets (1) [1] 2        
Dow Corning Corporation [Member] | Customer-Related Intangible Assets [Member]          
Other intangible assets (1) [1] 1,755        
Dow Corning Corporation [Member] | Expiration in years beyond 2020 or have indefinite carryforward period [Member]          
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration 0        
Dow Corning Corporation [Member] | Consumer Solutions [Member]          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 1,301        
Goodwill [3]   1,699      
Business Combination, Acquired Inventory, Fair Value Step-Up, Portion Expensed   147      
Dow Corning Corporation [Member] | Infrastructure Solutions [Member]          
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 1,144        
Goodwill [3]   1,506      
Business Combination, Acquired Inventory, Fair Value Step-Up, Portion Expensed   170      
Breast Implant and Other Products Liability Claims [Domain] | Dow Corning Corporation [Member]          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability 290        
Commercial Creditor Issues [Domain] | Dow Corning Corporation [Member]          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability $ 105        
DCC Term Loan Facility [Domain]          
Line of Credit Facility, Maximum Borrowing Capacity   $ 4,500      
DCC Term Loan Facility [Domain] | Dow Corning Corporation [Member]          
Line of Credit Facility, Maximum Borrowing Capacity       $ 4,500  
[1] Includes $30 million of trademarks, $1,200 million of licenses and intellectual property, $2 million of software and $1,755 million of customer-related intangibles. See Note 6 for additional information.
[2] Includes pension and other postretirement benefits as well as long-term disability obligations.
[3] {F|ahBzfndlYmZpbGluZ3MtaHJkcmoLEgZYTUxEb2MiXlhCUkxEb2NHZW5JbmZvOjQ2MjYxMzkwMGExNzRkN2RhNjIzMDA4MmYyMGZjNmFhfFRleHRTZWxlY3Rpb246QTkwMEMzQTQ5OTkxNTU0MkIxQjhEQzNEQTdGMjlFMDIM}