XML 81 R60.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 10 - Acquisition (Details) (USD $)
0 Months Ended 9 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended
Jan. 15, 2014
Sep. 30, 2014
Sep. 30, 2013
Jan. 15, 2014
Convertible Preferred Stock, Series A [Member]
Additional Amount Issued at Closing [Member]
Samsung Corning Precision Materials Co., Ltd. [Member]
Jan. 15, 2014
Convertible Preferred Stock, Series A [Member]
Samsung Corning Precision Materials Co., Ltd. [Member]
Mar. 31, 2014
Convertible Preferred Stock, Series A [Member]
Samsung Corning Precision Materials Co., Ltd. [Member]
Jan. 15, 2014
Convertible Preferred Stock, Series A [Member]
Jan. 15, 2014
Revenues Generated by Samsung Corning Precision Materials [Member]
Samsung Corning Precision Materials Co., Ltd. [Member]
Jan. 15, 2014
Volume of Certain Sales [Member]
Samsung Corning Precision Materials Co., Ltd. [Member]
Nov. 30, 2013
Samsung Corning Precision Materials Co., Ltd. [Member]
Samsung Display Co., Ltd. [Member]
Dec. 31, 2013
Samsung Corning Precision Materials Co., Ltd. [Member]
Corning Inc. [Member]
Nov. 30, 2013
Samsung Corning Precision Materials Co., Ltd. [Member]
Corning Inc. [Member]
Jan. 15, 2014
Samsung Corning Precision Materials Co., Ltd. [Member]
Sep. 30, 2014
Samsung Corning Precision Materials Co., Ltd. [Member]
Sep. 30, 2014
Samsung Corning Precision Materials Co., Ltd. [Member]
Sep. 30, 2014
Samsung Corning Precision Materials Co., Ltd. [Member]
Sep. 30, 2014
Samsung Corning Precision Materials Co., Ltd. [Member]
Note 10 - Acquisition (Details) [Line Items]                                  
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)   $ 100         $ 100                    
Preferred Stock, Shares Issued (in Shares)   2,300     2,300                        
Share Price (in Dollars per share)         $ 1,000,000                        
Stock Issued During Period, Shares, Acquisitions (in Shares)         1,900 1,900                      
Stock Issued During Period, Shares, New Issues (in Shares)       400                          
Stock Issued During Period, Value, Acquisitions         $ 1,900,000,000                        
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High               665,000,000 100,000,000                
Business Combination, Contingent Consideration, Asset                         196,000,000 273,000,000 273,000,000 273,000,000 273,000,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset   77,000,000                       77,000,000      
Equity Method Investment, Ownership Percentage                   42.50% 57.50% 50.00%          
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable         1,900,000,000               1,911,000,000        
Business Combination, Net Fair Value Of Consideration Including Subsequent Acquisition                         4,038,000,000 [1]        
Fair Value of Reacquired Right                         0        
Contractual Royalty Rate                         3.00%        
Current Market Rate of Royalty Contract                         12.00%        
Settlement Of Preexisting Customer Relationship Including Subsequent Acquisition                         320,000,000        
Percentage of Loss on Effective Settlement of Contract                         100.00%        
Settlement Of Preexisting Customer Relationship Before Subsequent Acquisition                         184,000,000        
Business Combination, Net Fair Value Of Consideration Before Subsequent Acquisition                         2,323,000,000 [1]        
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value                         2,139,000,000        
Settlement of Pre-Existing Customer Relationship                         136,000,000        
Business Combination, Consideration Transferred                         1,579,000,000        
Proceeds from Equity Method Investment, Dividends or Distributions 1,574,000,000 [2] 1,673,000,000 221,000,000                   1,600,000,000        
Cash Dividends Paid by Consolidated Subsidiaries                         2,800,000,000        
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Consideration Transferred                             39,000,000    
Business Combination, Acquisition Related Costs                                 92,000,000
Business Combination, Increase in Net Sales from Consolidation of the Acquiree                               $ 1,331,000,000  
[1] As Corning was a 57.5% shareholder at the date of acquisition, immediately preceding the acquisition of Samsung Corning Precision Materials, Corning recognized an asset and respective gain as part of the calculation of its previously held equity investment which included approximately $184 million attributed to its economic interest in the royalty contract.
[2] In conjunction with the Framework Agreement, the parties agreed to have Samsung Corning Precision Materials distribute all cash and cash equivalents as a dividend to the shareholders of record as of December 31, 2013. The dividend was not part of the purchase price as the agreement was to distribute cash and cash equivalents as a dividend to the shareholders as soon as practicable. As such, at acquisition Corning did not have legal title to the cash to be distributed, although the dividend was distributed subsequent to the acquisition date. Therefore, the portion of Corning's share of the $1.6 billion dividend received was accounted for in Corning's consolidated financial statements as if the dividend occurred at or immediately prior to the date of acquisition at which time Samsung Corning Precision Materials was still an equity method investment in Corning's consolidated financial statements.