Consolidated Balance Sheets (USD $) In Millions	Jun. 30, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 4,609	$ 4,598
Short-term investments, at fair value (Note 7)	1,748	1,752
Total cash, cash equivalents and short-term investments	6,357	6,350
Trade accounts receivable, net of doubtful accounts and allowances - $24 and $20	1,252	973
Inventories (Note 8)	917	738
Deferred income taxes (Note 5)	439	431
Other current assets	364	367
Total current assets	9,329	8,859
Investments (Note 9)	5,029	4,372
Property, net of accumulated depreciation - $6,824 and $6,420 (Note 10)	9,755	8,943
Goodwill and other intangible assets, net (Note 11)	883	716
Deferred income taxes (Note 5)	2,679	2,790
Other assets	150	153
Total Assets	27,825	25,833
Liabilities and Equity
Current portion of long-term debt (Note 4)	26	57
Accounts payable	1,052	798
Other accrued liabilities (Notes 3 and 12)	1,005	1,131
Total current liabilities	2,083	1,986
Long-term debt (Note 4)	2,248	2,262
Postretirement benefits other than pensions	886	913
Other liabilities (Notes 3 and 12)	1,302	1,246
Total liabilities	6,519	6,407
Commitments and contingencies (Note 3)
Shareholders' equity:
Common stock - Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1,634 million and 1,626 million	817	813
Additional paid-in capital	12,989	12,865
Retained earnings	8,227	6,881
Treasury stock, at cost; Shares held: 66 million and 65 million	(1,242)	(1,227)
Accumulated other comprehensive income (Note 17)	464	43
Total Corning Incorporated shareholders' equity	21,255	19,375
Noncontrolling interests	51	51
Total equity	21,306	19,426
Total Liabilities and Equity	$ 27,825	$ 25,833