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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net sales $ 2,289 $ 1,814
Cost of sales 1,354 1,044
Gross margin 935 770
Operating expenses:    
Selling, general and administrative expenses 395 259
Research, development and engineering expenses 198 178
Amortization of purchased intangibles 8 7
Restructuring, impairment and other charges (Note 2) 17  
Asbestos litigation charge 2 2
Operating income 315 324
Equity in earnings of affiliated companies 86 173
Interest income 12 2
Interest expense (30) (36)
Transaction-related gain, net (Note 10) 74  
Other income, net (Note 1) 24 65
Income before income taxes 481 528
Provision for income taxes (Note 5) (180) (34)
Net income attributable to Corning Incorporated $ 301 $ 494
Basic (Note 6) (in Dollars per share) $ 0.21 $ 0.33
Diluted (Note 6) (in Dollars per share) $ 0.20 $ 0.33
Dividends declared per common share (in Dollars per share) $ 0.10 $ 0.09