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Shareholders' Equity | 9 Months Ended
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Sep. 30, 2018
Shareholders' Equity [Abstract] |
Shareholders' Equity | 1 4. Shareholders’ Equity ﻿ Fixed Rate Cumulative Convertible Preferred Stock, Series A ﻿ Corning has 2,300 outstanding shares of Fixed Rate Cumulative Convertible Preferred Stock, Series A. The Preferred Stock is convertible at the option of the holder and the Company upon certain events, at a conversion rate of 50,000 shares of Corning’s common stock per one share of Preferred Stock, subject to certain anti-dilution provisions. As of September 30, 2018, the Preferred Stock has not been converted, and none of the anti-dilution provisions have been triggered. ﻿ Share Repurchases ﻿ 2017 Share Repurchases In December 2016, Corning’s Board of Directors approved a $4 billion share repurchase program with no expiration (the “2016 Repurchase Program”). In the year ended December 3 1, 2017, Corning entered into two separate accelerated share repurchase agreements under this program (the “2017 ASR agreements”). In the second quarter of 2017, Corning entered into and finalized an accelerated share repurchase agreement under which we paid $500 million for a total of 17.1 million shares. In the third quarter of 2017, Corning entered into and finalized an additional accelerated share repurchase agreement under which we paid $500 million for a total of 17.2 million shares. ﻿ In addition to the 2017 ASR agreements, during the year ended December 3 1, 2017, the Company repurchased 50.1 million shares of common stock on th e market for approximately $1.4 billion, res ulting in a total of 84.4 million shares repurchased for approximately $2.4 billion during 2017. ﻿ 201 8 Share Repurchases On April 26, 2018, Corning’s Board of Directors approved a $2 billion share repurchase program with no expiration (the “2018 Repurchase Program”). In the three and nine months ended September 30, 2018, the Company repurchased 11.8 million and 63.4 million shares of common stock on the open market for approximately $384 million and $1.9 billi on, respectively, as part of its 2016 and 2018 Repurchase Programs. ﻿ Accumulated Other Comprehensive Loss ﻿ In the three and nine months ended September 30, 2018 and 2017, the change in accumulated other comprehensive loss w as primarily related to the foreign currency translation adjustment. ﻿ A summary of changes in the foreign currency translation adjustment component of accumulated other comprehensive loss is as follows (in millions) (1): ﻿
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﻿ |  | Three months ended |  | Nine months ended
﻿ |  | September 30, |  | September 30,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Beginning balance |  | $ | (693) |  | $ | (871) |  | $ | (529) |  | $ | (1,275)
﻿Other comprehensive (loss) income (2) |  |  | (128) |  |  | 49 |  |  | (281) |  |  | 435
﻿Equity method affiliates (3) |  |  |  |  |  | 4 |  |  | (11) |  |  | 22
﻿Net current-period other comprehensive (loss) income - foreign currency translation adjustment |  |  | (128) |  |  | 53 |  |  | (292) |  |  | 457
﻿Ending balance |  | $ | (821) |  | $ | (818) |  | $ | (821) |  | $ | (818)
﻿
| (1) |  | All amounts are after tax. Amounts in parentheses indicate debits to accumulated other comprehensive loss.
| (2) |  | For the three months ended September 30, 2018 and 2017, tax amounts are not significant. For the nine months ended September 30, 2018 and 2017, amounts are net of ta x benefit of $28 milli o n and tax expense of $47 million, respectively.
| (3) |  | Tax effects are not significant.
﻿ ﻿

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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