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Note 5 - Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2022
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   

Three months ended

   

Nine months ended

 
   

September 30,

   

September 30,

 
   

2022

   

2021

   

2022

   

2021

 

Net income attributable to Corning Incorporated

  $ 208     $ 371     $ 1,352     $ 1,419  

Less: Series A convertible preferred stock dividend

                            24  

Less: Excess consideration paid for redemption of preferred shares

                            803  

Net income available to common shareholders – basic

    208       371       1,352       592  

Net income available to common shareholders – diluted

  $ 208     $ 371     $ 1,352     $ 592  
                                 

Weighted-average common shares outstanding – basic

    843       852       843       821  

Effect of dilutive securities:

                               

Employee stock options and other dilutive securities

    12       14       14       16  

Weighted-average common shares outstanding – diluted

    855       866       857       837  

Basic earnings per common share

  $ 0.25     $ 0.44     $ 1.60     $ 0.72  

Diluted earnings per common share

  $ 0.24     $ 0.43     $ 1.58     $ 0.71  
                                 

Anti-dilutive potential shares excluded from diluted earnings per common share:

                               

Series A convertible preferred stock (1)

                            41  

Employee stock options and awards

    3               2          

Total

    3             2       41