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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities:    
Net income $ 1,115 $ 1,484
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 842 877
Amortization of purchased intangibles 40 25
Restructuring, impairment and other charges   51
Stock compensation charges 36 47
Equity in earnings of affiliated companies (195) (243)
Dividends received from affiliated companies 143 1,673
Deferred tax expense provision 187 414
Restructuring payments (38) (30)
Employee benefit payments less than (in excess) of expense 5 (5)
Gains on foreign currency hedges related to translated earnings (42) (600)
Unrealized translation losses on transactions 303 239
Contingent consideration for fair value adjustment   (77)
Changes in certain working capital items:    
Trade accounts receivable 52 (63)
Inventories (60) 27
Other current assets (204) 17
Accounts payable and other current liabilities (294) (339)
Other, net (45) 100
Net cash provided by operating activities 1,845 3,597
Cash Flows from Investing Activities:    
Capital expenditures (939) (740)
Acquisitions of business, net of cash (paid) received (531) 66
Investment in unconsolidated entities (33) (109)
Proceeds from loan repayments from unconsolidated entities 6 15
Short-term investments – acquisitions (859) (1,170)
Short-term investments – liquidations 1,046 954
Realized gains on foreign currency hedges related to translated earnings 489 226
Other, net (1) 5
Net cash used in investing activities (822) (753)
Cash Flows from Financing Activities:    
Net repayments of short-term borrowings and current portion of long-term debt   (50)
Principal payments under capital lease obligations (1) (1)
Proceeds from issuance of short-term debt 2 22
Proceeds from issuance of long-term debt 745  
Proceeds from issuance of commercial paper   424
Proceeds from issuance of preferred stock (1) [1]   400
Payments from settlement of interest rate swap arrangements (10)  
Proceeds from the exercise of stock options 99 98
Repurchases of common stock for treasury (1,905) (2,300)
Dividends paid (519) (439)
Net cash used in financing activities (1,589) (1,846)
Effect of exchange rates on cash (303) (349)
Net (decrease) increase in cash and cash equivalents (869) 649
Cash and cash equivalents at beginning of period 5,309 4,704
Cash and cash equivalents at end of period $ 4,440 $ 5,353
[1] In the first quarter of 2014, Corning issued 1,900 shares of Preferred Stock to Samsung Display Co., Ltd. in connection with the acquisition of their equity interests in Samsung Corning Precision Materials Co., Ltd. ("Samsung Corning Precision Materials"). Corning also issued to Samsung Display an additional 400 shares of Preferred Stock at closing, for an issue price of $400 million in cash.