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Investments (Tables) | 12 Months Ended
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Dec. 31, 2018
Investments |
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿ |  | Ownership |  | December 31,
﻿ |  | interest |  | 2018 |  | 2017
﻿ |  |  |  |  |  |  |  |
﻿Affiliated companies accounted for by the equity method (1)(2) |  | 20% to 50% |  | $ | 354 |  | $ | 280
﻿Other investments |  |  |  |  | 22 |  |  | 60
﻿Subtotal Investment Assets |  |  |  | $ | 376 |  | $ | 340
﻿ |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |
﻿Affiliated companies accounted for by the equity method - HSG (1)(2) |  | 50% |  | $ |  |  | $ | 105
﻿Subtotal Investment Liabilities |  |  |  | $ |  |  | $ | 105
﻿
| (1) |  | Amount reflects Corning’s direct ownership interests in the affiliated companies at December 31, 2018 and December 31, 2017. Corning does not control any of such entities.
| (2) |  | HSG indirectly holds an 80.5% interest in a HSG operating partnership. At December 31, 2018, the carrying value of the investment in HSG was $42 million and recorded in Investments. At December 31, 2017, the negative carrying value of the investment in HSG was $105 million and recorded in Other Liabilities.
Gain of Realignment |
﻿ |  |
﻿ |  |
﻿Cash | $ | 4,818
﻿Carrying Value of Dow Corning Equity Investment |  | (1,560)
﻿Carrying Value of HSG Equity Investment |  | (383)
﻿Other (1) |  | (199)
﻿Gain | $ | 2,676
﻿ Primarily consists of the release of accumulated other comprehensive income items related to unamortized actuarial losses related to Dow Corning’s pension plan and foreign currency translation gains in the amounts of $260 million and $45 million, respectively.
Affiliated Companies [Member] |
Results From Operations |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years ended December 31,
﻿ |  | 2018 |  | 2017 |  | 2016
﻿ |  |  |  |  |  |  |  |  |
﻿Statement of operations: |  |  |  |  |  |  |  |  |
﻿Net sales |  | $ | 1,759 |  | $ | 2,346 |  | $ | 4,024
﻿Gross profit |  | $ | 424 |  | $ | 560 |  | $ | 1,006
﻿Net income |  | $ | 835 |  | $ | 721 |  | $ | 565
﻿Corning’s equity in earnings of affiliated companies |  | $ | 390 |  | $ | 361 |  | $ | 284
﻿ |  |  |  |  |  |  |  |  |
﻿Related party transactions: |  |  |  |  |  |  |  |  |
﻿Corning sales to affiliated companies |  | $ | 184 |  | $ | 108 |  | $ | 95
﻿Corning purchases from affiliated companies |  | $ | 11 |  | $ | 12 |  | $ | 12
﻿Corning transfers of assets, at cost, to affiliated companies |  | $ | 2 |  | $ | 22 |  | $ | 44
﻿Dividends received from affiliated companies |  | $ | 241 |  | $ | 201 |  | $ | 85
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years ended December 31, |  |  |
﻿ |  | 2018 |  | 2017 |  |
﻿Balance sheet: |  |  |  |  |  |  |  |  |
﻿Current assets |  | $ | 1,716 |  | $ | 1,593 |  |  |
﻿Noncurrent assets |  | $ | 1,922 |  | $ | 1,999 |  |  |
﻿Short-term borrowings, including current portion of long-term debt |  | $ | 8 |  | $ | 3 |  |  |
﻿Other current liabilities |  | $ | 810 |  | $ | 700 |  |  |
﻿Long-term debt |  | $ | 14 |  | $ | 16 |  |  |
﻿Other long-term liabilities |  | $ | 1,708 |  | $ | 2,128 |  |  |
﻿Non-controlling interest |  | $ | 259 |  | $ | 313 |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿Related party transactions: |  |  |  |  |  |  |  |  |
﻿Balances due from affiliated companies |  | $ | 95 |  | $ | 47 |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿
HSG [Member] |
Results From Operations |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years ended December 31,
﻿ |  | 2018 |  | 2017 |  | 2016
﻿ |  |  |  |  |  |  |  |  |
﻿Statement of operations: |  |  |  |  |  |  |  |  |
﻿Net sales |  | $ | 1,158 |  | $ | 1,716 |  | $ | 1,119
﻿Gross profit |  | $ | 367 |  | $ | 469 |  | $ | 361
﻿Net income |  | $ | 814 |  | $ | 706 |  | $ | 421
﻿Corning’s equity in earnings of affiliated companies |  | $ | 388 |  | $ | 352 |  | $ | 212
﻿ |  |  |  |  |  |  |  |  |
﻿Related party transactions: |  |  |  |  |  |  |  |  |
﻿Dividends received from affiliated companies |  | $ | 241 |  | $ | 196 |  | $ | 65
﻿ |  |  |  |  |  |  |  |  |
﻿ |  | Years ended December 31, |  |  |
﻿ |  | 2018 |  | 2017 |  |  |
﻿Balance sheet: |  |  |  |  |  |  |  |  |
﻿Current assets |  | $ | 1,188 |  | $ | 1,206 |  |  |
﻿Noncurrent assets |  | $ | 1,414 |  | $ | 1,522 |  |  |
﻿Short-term borrowings, including current portion of long-term debt |  | $ | 3 |  | $ | 3 |  |  |
﻿Other current liabilities |  | $ | 540 |  | $ | 484 |  |  |
﻿Long-term debt |  | $ | 11 |  | $ | 15 |  |  |
﻿Other long-term liabilities |  | $ | 1,708 |  | $ | 2,126 |  |  |
﻿Non-controlling interest |  | $ | 259 |  | $ | 313 |  |  |
﻿ |  |  |  |  |  |  |  |  |
﻿

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