XML 35 R32.htm IDEA: XBRL DOCUMENT v2.3.0.15
Investments (Tables)
9 Months Ended
Sep. 30, 2011
Equity Method Investments
 
Ownership
interest (1)
  
September 30,
2011
  
December 31,
2010
Affiliated companies accounted for by the equity method
              
Samsung Corning Precision Materials Co., Ltd.
50%
  
$
3,392
  
$
2,943
Dow Corning Corporation
50%
    
1,250
    
1,186
All other
20-50%
    
245
    
240
       
4,887
    
4,369
Other investments
      
3
    
3
Total
    
$
4,890
  
$
4,372

(1)
Amounts reflect Corning's direct ownership interests in the respective affiliated companies.  Corning does not control any of these entities.

Related Party Information For Investments In Affiliates
 
Three months ended
September 30,
  
Nine months ended
September 30,
 
2011
  
2010
  
2011
  
2010
Related Party Transactions:
                      
Corning sales to affiliated companies
$
11
  
$
5
  
$
23
  
$
16
Corning purchases from affiliated companies
$
8
  
$
18
  
$
64
  
$
52
Corning transfers of assets, at cost, to affiliated companies
$
34
  
$
26
  
$
95
  
$
87
Dividends received from affiliated companies
$
75
  
$
66
  
$
464
  
$
351
Royalty income from affiliated companies
$
51
  
$
73
  
$
178
  
$
205
Corning services to affiliates
$
15
  
$
10
  
$
36
  
$
25
Samsung Corning Precision Materials Co., Ltd. [Member]
 
Affiliate Result Of Operations
 
Three months ended
September 30,
  
Nine months ended
September 30,
 
2011
  
2010
  
2011
  
2010
                       
Statement of Operations:
                      
Net sales
$
954
  
$
1,324
  
$
3,304
  
$
3,730
Gross profit
$
644
  
$
1,039
  
$
2,391
  
$
2,891
Net income attributable to Samsung Corning Precision
$
457
  
$
791
  
$
1,705
  
$
2,207
Corning's equity in earnings of Samsung Corning Precision
$
229
  
$
394
  
$
853
  
$
1,102
                       
Related Party Transactions:
                      
Corning purchases from Samsung Corning Precision
      
$
12
  
$
41
  
$
33
Dividends received from Samsung Corning Precision
            
$
205
  
$
173
Royalty income from Samsung Corning Precision
$
51
  
$
73
  
$
176
  
$
204
Corning transfers of machinery and equipment to Samsung Corning Precision at cost (1)
$
34
  
$
25
  
$
95
  
$
86

(1)
Corning purchases machinery and equipment on behalf of Samsung Corning Precision to support its capital expansion initiatives.  The machinery and equipment are transferred to Samsung Corning Precision at our cost basis.
Dow Corning Corporation [Member]
 
Affiliate Result Of Operations
 
Three months ended
September 30,
  
Nine months ended
September 30,
 
2011
  
2010
  
2011
  
2010
                       
Statement of Operations:
                      
Net sales
$
1,661
  
$
1,515
  
$
4,908
  
$
4,413
Gross profit
$
527
  
$
540
  
$
1,599
  
$
1,600
Net income attributable to Dow Corning
$
177
  
$
176
  
$
547
  
$
615
Corning's equity in earnings of Dow Corning
$
89
  
$
97
  
$
275
  
$
320
                       
Related Party Transactions:
                      
Corning purchases from Dow Corning
$
5
  
$
5
  
$
17
  
$
15
Dividends received from Dow Corning
$
65
  
$
56
  
$
245
  
$
167