Comprehensive Income

9 Months Ended

Sep. 30, 2011

Comprehensive Income

Comprehensive Income

17.      Comprehensive Income

Components of comprehensive income on an after-tax basis, where applicable, follow (in millions):

	Three months ended September 30,				Nine months ended September 30,
	2011		2010		2011		2010
Net income	$	811	$	785	$	2,312	$	2,512
Other comprehensive income, net of taxes (1):
Net change in unrealized (loss) gain on investment securities		(11)		2		(1)		7
Net change in unrealized (loss) gain on derivative hedging instruments		(4)		(16)		4		(25)
Foreign currency translation adjustment		(377)		688		(12)		469
Amortization of postretirement benefit plan losses and prior service costs		21		14		59		32
Comprehensive income	$	440	$	1,473	$	2,362	$	2,995
Comprehensive income attributable to noncontrolling interests						2		2
Comprehensive income attributable to Corning	$	440	$	1,473	$	2,364	$	2,997

(1) Other comprehensive income items for the three months ended September 30, 2011 and 2010 include net tax effects of $(6) million and $(1) million, respectively, and for the nine months ended September 30, 2011 and 2010 include net tax effects of $(36) million and $(16) million, respectively.