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Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 4,968 $ 4,704
Short-term investments, at fair value (Note 7) 644 531
Total cash, cash equivalents and short-term investments 5,612 5,235
Trade accounts receivable, net of doubtful accounts and allowances - $32 and $28 1,588 1,253
Inventories (Note 8) 1,395 1,270
Deferred income taxes (Note 5) 321 278
Other current assets 697 855
Total current assets 9,613 8,891
Investments (Note 9) 1,976 5,537
Property, net of accumulated depreciation - $8,141 and $7,865 (Note 11) 13,344 9,801
Goodwill and other intangible assets, net (Note 12) 1,665 1,542
Deferred income taxes (Note 5) 2,180 2,234
Other assets 766 473
Total Assets 29,544 28,478
Current liabilities:    
Current portion of long-term debt (Note 4) 468 21
Accounts payable 732 771
Other accrued liabilities (Note 3) 846 954
Total current liabilities 2,046 1,746
Long-term debt (Note 4) 3,224 3,272
Postretirement benefits other than pensions 766 766
Other liabilities (Note 3) 1,789 1,483
Total liabilities 7,825 7,267
Commitments and contingencies (Note 3)      
Shareholders’ equity (Note 16):    
Convertible preferred stock, Series A – Par value $100 per share; Shares authorized 3,100; Shares issued: 2,300 2,300  
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1,667 million and 1,661 million 833 831
Additional paid-in capital – common stock 13,072 13,066
Retained earnings 11,465 11,320
Treasury stock, at cost; Shares held: 361 million and 262 million (5,950) (4,099)
Accumulated other comprehensive (loss) income (70) 44
Total Corning Incorporated shareholders’ equity 21,650 21,162
Noncontrolling interests 69 49
Total equity 21,719 21,211
Total Liabilities and Equity $ 29,544 $ 28,478