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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,456 $ 2,355
Trade accounts receivable, net of doubtful accounts and allowances - $69 and $64 1,974 1,940
Inventories, net of inventory reserves - $182 and $182 (Note 7) 2,190 2,037
Other current assets 729 702
Total current assets 6,349 7,034
Investments 346 376
Property, plant and equipment, net of accumulated depreciation - $12,136 and $11,932 14,878 14,895
Goodwill, net 1,930 1,936
Other intangible assets, net 1,265 1,292
Deferred income taxes (Note 5) 1,051 951
Other assets 1,502 1,021
Total Assets 27,321 27,505
Current liabilities:    
Current portion of long-term debt and short-term borrowings 7 4
Accounts payable 1,278 1,456
Other accrued liabilities (Note 3 and Note 9) 1,774 1,851
Total current liabilities 3,059 3,311
Long-term debt 6,018 5,994
Postretirement benefits other than pensions (Note 8) 659 662
Other liabilities (Note 3 and Note 9) 3,879 3,652
Total liabilities 13,615 13,619
Commitments, contingencies and guarantees (Note 3)
Shareholders’ equity (Note 12):    
Convertible preferred stock, Series A – Par value $100 per share; Shares authorized 3,100; Shares issued: 2,300 2,300 2,300
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1,715 million and 1,713 million 857 857
Additional paid-in capital – common stock 14,243 14,212
Retained earnings 16,489 16,303
Treasury stock, at cost; Shares held: 933 million and 925 million (19,116) (18,870)
Accumulated other comprehensive loss (1,166) (1,010)
Total Corning Incorporated shareholders’ equity 13,607 13,792
Noncontrolling interests 99 94
Total equity 13,706 13,886
Total Liabilities and Equity $ 27,321 $ 27,505