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Consolidated Statements Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Consolidated Statements Of Income [Abstract]        
Net sales $ 2,038 $ 2,075 $ 5,866 $ 6,003
Cost of sales 1,159 1,097 3,376 3,262
Gross margin 879 978 2,490 2,741
Operating expenses:        
Selling, general and administrative expenses 294 216 864 750
Research, development and engineering expenses 185 166 560 494
Amortization of purchased intangibles 4 4 13 11
Asbestos litigation charge 3 [1] 5 [1] 9 [1] 15 [1]
Operating income 393 587 1,044 1,471
Equity in earnings of affiliated companies (Note 8) 240 324 717 1,150
Interest income 3 6 10 15
Interest expense (33) (23) (77) (72)
Other income, net (Note 1) 5 27 42 97
Income before income taxes 608 921 1,736 2,661
Provision for income taxes (Note 4) (87) (110) (291) (347)
Net income attributable to Corning Incorporated $ 521 $ 811 $ 1,445 $ 2,314
Earnings per common share attributable to Corning Incorporated:        
Basic (Note 5) $ 0.35 $ 0.52 $ 0.96 $ 1.48
Diluted (Note 5) $ 0.35 $ 0.51 $ 0.95 $ 1.46
Dividends declared per common share $ 0.075 $ 0.05 $ 0.225 $ 0.15
[1] In the three and nine months ended September 30, 2012, Corning recorded a charge of $3 million and $9 million, respectively, to adjust the asbestos liability for the change in value of the components of the Amended PCC Plan. In the three and nine months ended September 30, 2011, Corning recorded a charge of $5 million and $15 million, respectively, to adjust the asbestos liability for the change in value of the components of the Amended PCC Plan.