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Note 14 - Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

																						Hemlock
																						and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Three months ended June 30, 2023
Segment net sales		$	1,066			$	928			$	423			$	457			$	231			$	377			$	3,482
Depreciation (1)		$	64			$	120			$	39			$	32			$	17			$	35			$	307
Research, development and engineering expenses (2)		$	56			$	24			$	57			$	23			$	8			$	41			$	209
Income tax provision (3)		$	(38	)		$	(55	)		$	(9	)		$	(28	)		$	(3	)		$	(11	)		$	(144	)
Segment net income		$	140			$	208			$	33			$	107			$	11			$	26			$	525

																						Hemlock
																						and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Three months ended June 30, 2022
Segment net sales		$	1,313			$	878			$	485			$	356			$	312			$	418			$	3,762
Depreciation (1)		$	68			$	146			$	42			$	34			$	16			$	35			$	341
Research, development and engineering expenses (2)		$	58			$	30			$	44			$	24			$	9			$	38			$	203
Income tax provision (3)		$	(51	)		$	(59	)		$	(24	)		$	(16	)		$	(10	)		$	(10	)		$	(170	)
Segment net income		$	182			$	228			$	91			$	62			$	37			$	25			$	625

																						Hemlock
																						and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Six months ended June 30, 2023
Segment net sales		$	2,191			$	1,691			$	829			$	888			$	487			$	763			$	6,849
Depreciation (1)		$	130			$	243			$	74			$	65			$	34			$	68			$	614
Research, development and engineering expenses (2)		$	116			$	47			$	110			$	47			$	18			$	80			$	418
Income tax provision (3)		$	(81	)		$	(97	)		$	(19	)		$	(50	)		$	(5	)		$	(20	)		$	(272	)
Segment net income		$	299			$	368			$	72			$	189			$	20			$	42			$	990

																						Hemlock
																						and
																						Emerging
		Optical				Display				Specialty				Environmental				Life				Growth
		Communications				Technologies				Materials				Technologies				Sciences				Businesses				Total
Six months ended June 30, 2022
Segment net sales		$	2,511			$	1,837			$	978			$	765			$	622			$	793			$	7,506
Depreciation (1)		$	127			$	302			$	82			$	67			$	30			$	73			$	681
Research, development and engineering expenses (2)		$	113			$	61			$	97			$	49			$	18			$	78			$	416
Income tax provision (3)		$	(96	)		$	(122	)		$	(44	)		$	(36	)		$	(21	)		$	(11	)		$	(330	)
Segment net income		$	348			$	464			$	166			$	136			$	79			$	17			$	1,210

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

		Three months ended								Six months ended
		June 30,								June 30,
		2023				2022				2023				2022
Net sales of reportable segments		$	3,105			$	3,344			$	6,086			$	6,713
Net sales of Hemlock and Emerging Growth Businesses			377				418				763				793
Impact of constant currency reporting (1)			(239	)			(147	)			(428	)			(211	)
Consolidated net sales		$	3,243			$	3,615			$	6,421			$	7,295

Reconciliation of Net Income (Loss) from Segments to Consolidated [Table Text Block]

		Three months ended								Six months ended
		June 30,								June 30,
		2023				2022				2023				2022
Net income of reportable segments		$	499			$	600			$	948			$	1,193
Net income of Hemlock and Emerging Growth Businesses			26				25				42				17
Unallocated amounts:
Impact of constant currency reporting			(174	)			(120	)			(323	)			(183	)
Gain on foreign currency hedges related to translated earnings			116				196				108				325
Translation gain on Japanese yen-denominated debt			109				153				127				237
Research, development, and engineering expenses (1)			(42	)			(37	)			(87	)			(72	)
Amortization of intangibles			(31	)			(30	)			(62	)			(61	)
Interest expense, net			(61	)			(60	)			(117	)			(121	)
Income tax benefit (provision)			38				4				129				(16	)
Severance charges			(68	)							(73	)
Disposal of assets and other charges and credits			(64	)			(46	)			(125	)			(79	)
Gain on sale of business															53
Other corporate items			(67	)			(122	)			(110	)			(149	)
Net income attributable to Corning Incorporated		$	281			$	563			$	457			$	1,144

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