Consolidated Statements of Income (USD $) In Millions, except Per Share data	3 Months Ended	6 Months Ended
Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010
Consolidated Statements of Income
Net sales	$ 2,005	$ 1,712	$ 3,928	$ 3,265
Cost of sales	1,116	885	2,165	1,707
Gross margin	889	827	1,763	1,558
Operating expenses:
Selling, general and administrative expenses	284	246	534	481
Research, development and engineering expenses	172	144	328	289
Amortization of purchased intangibles	4	2	7	4
Restructuring, impairment and other credits (Note 2)				(2)
Asbestos litigation charge (credit) (Note 3)	5	5	10	(47)
Operating income	424	430	884	833
Equity in earnings of affiliated companies (Note 9)	428	474	826	943
Interest income	5	2	9	5
Interest expense	(22)	(26)	(49)	(52)
Other income, net (Note 1)	43	64	70	128
Income before income taxes	878	944	1,740	1,857
Provision for income taxes (Note 5)	(123)	(31)	(237)	(128)
Net income attributable to Corning Incorporated	$ 755	$ 913	$ 1,503	$ 1,729
Earnings per common share attributable to Corning Incorporated:
Basic (Note 6)	$ 0.48	$ 0.59	$ 0.96	$ 1.11
Diluted (Note 6)	$ 0.47	$ 0.58	$ 0.95	$ 1.09
Dividends declared per common share	$ 0.05	$ 0.05	$ 0.10	$ 0.10

The charges for the period are the result of the changes in the fair value of the components of the proposed asbestos settlement agreement (See the Commitment and Contingency footnote and the Investment footnote for further details).

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