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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,538 $ 1,671
Trade accounts receivable, net of doubtful accounts - $29 and $40 1,674 1,721
Inventories (Note 5) 2,757 2,904
Other current assets 1,324 1,157
Total current assets 7,293 7,453
Property, plant and equipment, net of accumulated depreciation - $14,171 and $14,147 14,681 15,371
Goodwill, net 2,382 2,394
Other intangible assets, net 972 1,029
Deferred income taxes (Note 3) 1,083 1,073
Other assets 2,234 2,179
Total Assets 28,645 29,499
Current liabilities:    
Current portion of long-term debt and short-term borrowings 187 224
Accounts payable 1,519 1,804
Other accrued liabilities (Notes 6 and 9) 2,705 3,147
Total current liabilities 4,411 5,175
Long-term debt (Note 7) 7,437 6,687
Postretirement benefits other than pensions (Note 8) 407 407
Other liabilities (Notes 6 and 9) 4,680 4,955
Total liabilities 16,935 17,224
Commitments and contingencies (Note 9)
Shareholders’ equity (Note 12):    
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion 915 910
Additional paid-in capital – common stock 16,817 16,682
Retained earnings 16,509 16,778
Treasury stock, at cost; Shares held: 980 million and 977 million (20,630) (20,532)
Accumulated other comprehensive loss (2,199) (1,830)
Total Corning Incorporated shareholders’ equity 11,412 12,008
Non-controlling interest 298 267
Total equity 11,710 12,275
Total Liabilities and Equity $ 28,645 $ 29,499