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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Consolidated Statements of Income [Abstract]        
Net sales $ 3,008 $ 2,607 $ 8,255 $ 7,479
Cost of sales 1,776 1,557 4,996 4,491
Gross margin 1,232 1,050 3,259 2,988
Operating expenses:        
Selling, general and administrative expenses 439 375 1,352 1,072
Research, development and engineering expenses 244 215 728 623
Amortization of purchased intangibles 27 18 68 53
Operating income 522 442 1,111 1,240
Equity in earnings of affiliated companies 32 31 102 148
Interest income 7 10 29 33
Interest expense (45) (37) (140) (112)
Translated earnings contract gain (loss), net 230 26 66 (193)
Other income (expense), net 12 7 (11) (25)
Income before income taxes 758 479 1,157 1,091
Provision for income taxes (Note 5) (133) (89) (383) (176)
Net income attributable to Corning Incorporated $ 625 $ 390 $ 774 $ 915
Earnings per common share attributable to Corning Incorporated:        
Basic (Note 6) $ 0.75 $ 0.41 $ 0.85 $ 0.93
Diluted (Note 6) 0.67 0.39 0.82 0.89
Dividends declared per common share $ 0.18 $ 0.155 $ 0.54 $ 0.465