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Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Consolidated Statements Of Income [Abstract]        
Net sales $ 1,908 $ 2,005 $ 3,828 $ 3,928
Cost of sales 1,111 1,116 2,217 2,165
Gross margin 797 889 1,611 1,763
Operating expenses:        
Selling, general and administrative expenses 291 284 570 534
Research, development and engineering expenses 188 172 375 328
Amortization of purchased intangibles 4 4 9 7
Asbestos litigation charge 5 [1] 5 [1] 6 [1] 10 [1]
Operating income 309 424 651 884
Equity in earnings of affiliated companies (Note 8) 259 428 477 826
Interest income 3 5 7 9
Interest expense (24) (22) (44) (49)
Other income, net (Note 1) 8 43 37 70
Income before income taxes 555 878 1,128 1,740
Provision for income taxes (Note 4) (93) (123) (204) (237)
Net income attributable to Corning Incorporated $ 462 $ 755 $ 924 $ 1,503
Earnings per common share attributable to Corning Incorporated:        
Basic (Note 5) $ 0.31 $ 0.48 $ 0.61 $ 0.96
Diluted (Note 5) $ 0.30 $ 0.47 $ 0.61 $ 0.95
Dividends declared per common share $ 0.075 $ 0.05 $ 0.15 $ 0.10
[1] In the three and six months ended June 30, 2012, Corning recorded a charge of $5 million and $6 million, respectively, to adjust the asbestos liability for the change in value of the components of the Amended PCC Plan. In the three and six months ended June 30, 2011, Corning recorded a charge of $5 million and $10 million, respectively, to adjust the asbestos liability for the change in value of the components of the Amended PCC Plan.