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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,648 $ 1,768
Trade accounts receivable, net of doubtful accounts - $29 and $33 2,509 2,053
Inventories (Note 5) 3,104 2,724
Other current assets 1,416 1,447
Total current assets 8,677 7,992
Property, plant and equipment, net of accumulated depreciation - $15,171 and $14,492 14,397 13,359
Goodwill 2,489 2,363
Other intangible assets, net 684 752
Deferred income taxes (Note 13) 1,296 1,130
Other assets 2,373 2,139
Total Assets 29,916 27,735
Current liabilities:    
Current portion of long-term debt and short-term borrowings (Note 8) 812 326
Accounts payable 2,029 1,472
Other accrued liabilities (Notes 7 and 10) 2,736 3,121
Total current liabilities 5,577 4,919
Long-term debt (Note 8) 7,407 6,885
Postretirement benefits other than pensions (Note 9) 301 336
Other liabilities (Notes 7 and 10) 4,626 4,525
Total liabilities 17,911 16,665
Commitments and contingencies (Note 10)
Shareholders’ equity: (Note 14)    
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion 924 921
Additional paid-in capital – common stock 17,503 17,264
Retained earnings 16,253 15,926
Treasury stock, at cost; Shares held: 992 million and 987 million (21,127) (20,882)
Accumulated other comprehensive loss (2,017) (2,543)
Total Corning Incorporated shareholders’ equity 11,536 10,686
Non-controlling interest 469 384
Total equity 12,005 11,070
Total Liabilities and Equity $ 29,916 $ 27,735