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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 2,540 $ 2,067 $ 7,311 $ 5,863
Cost of sales 1,451 1,166 4,255 3,309
Gross margin 1,089 901 3,056 2,554
Operating expenses:        
Selling, general and administrative expenses 256 265 969 790
Research, development and engineering expenses 199 184 605 541
Amortization of purchased intangibles 9 8 25 23
Restructuring, impairment and other charges (Note 2)     51  
Asbestos litigation charge 5 5 11 13
Operating income 620 439 1,395 1,187
Equity in earnings of affiliated companies (Note 9) 95 138 243 477
Interest income 5 1 21 5
Interest expense (31) (28) (91) (92)
Transaction-related gain, net (Note 10)     74  
Other income (expense), net (Note 1) 720 (1) 589 329
Income before income taxes 1,409 549 2,231 1,906
Provision for income taxes (Note 5) (395) (141) (747) (366)
Net income attributable to Corning Incorporated $ 1,014 $ 408 $ 1,484 $ 1,540
Earnings per common share attributable to Corning Incorporated:        
Basic (Note 6) (in Dollars per share) $ 0.77 $ 0.28 $ 1.08 $ 1.05
Diluted (Note 6) (in Dollars per share) $ 0.72 $ 0.28 $ 1.03 $ 1.04
Dividends declared per common share (in Dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.29