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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 9,715us-gaap_SalesRevenueGoodsNet [1] $ 7,819us-gaap_SalesRevenueGoodsNet [1] $ 8,012us-gaap_SalesRevenueGoodsNet [1]
Cost of sales 5,663us-gaap_CostOfRevenue 4,495us-gaap_CostOfRevenue 4,693us-gaap_CostOfRevenue
Gross margin 4,052us-gaap_GrossProfit 3,324us-gaap_GrossProfit 3,319us-gaap_GrossProfit
Operating expenses:      
Selling, general and administrative expenses 1,211us-gaap_SellingGeneralAndAdministrativeExpense 1,126us-gaap_SellingGeneralAndAdministrativeExpense 1,205us-gaap_SellingGeneralAndAdministrativeExpense
Research, development and engineering expenses 815glw_ResearchDevelopmentAndEngineeringExpenses 710glw_ResearchDevelopmentAndEngineeringExpenses 769glw_ResearchDevelopmentAndEngineeringExpenses
Amortization of purchased intangibles 33us-gaap_AmortizationOfIntangibleAssets 31us-gaap_AmortizationOfIntangibleAssets 19us-gaap_AmortizationOfIntangibleAssets
Restructuring, impairment and other charges (Note 2) 71us-gaap_RestructuringSettlementAndImpairmentProvisions 67us-gaap_RestructuringSettlementAndImpairmentProvisions 133us-gaap_RestructuringSettlementAndImpairmentProvisions
Asbestos litigation (credit) charges (Note 7) (9)glw_AsbestosSettlementCreditCharge 19glw_AsbestosSettlementCreditCharge 14glw_AsbestosSettlementCreditCharge
Operating income 1,931us-gaap_OperatingIncomeLoss 1,371us-gaap_OperatingIncomeLoss 1,179us-gaap_OperatingIncomeLoss
Equity in earnings of affiliated companies (Note 7) 266us-gaap_IncomeLossFromEquityMethodInvestments 547us-gaap_IncomeLossFromEquityMethodInvestments 810us-gaap_IncomeLossFromEquityMethodInvestments
Interest income 26us-gaap_InvestmentIncomeInterest 8us-gaap_InvestmentIncomeInterest 14us-gaap_InvestmentIncomeInterest
Interest expense (123)us-gaap_InterestAndDebtExpense (120)us-gaap_InterestAndDebtExpense (111)us-gaap_InterestAndDebtExpense
Transaction-related gain, net (Note 8) 74us-gaap_NonoperatingGainsLosses    
Other income, net 1,394us-gaap_OtherNonoperatingIncomeExpense 667us-gaap_OtherNonoperatingIncomeExpense 83us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes 3,568glw_IncomeBeforeIncomeTaxes 2,473glw_IncomeBeforeIncomeTaxes 1,975glw_IncomeBeforeIncomeTaxes
Provision for income taxes (Note 6) (1,096)us-gaap_IncomeTaxExpenseBenefit (512)us-gaap_IncomeTaxExpenseBenefit (339)us-gaap_IncomeTaxExpenseBenefit
Net income attributable to Corning Incorporated $ 2,472us-gaap_NetIncomeLoss $ 1,961us-gaap_NetIncomeLoss $ 1,636us-gaap_NetIncomeLoss
Earnings per common share attributable to Corning Incorporated:      
Basic (Note 18) (in Dollars per share) $ 1.82us-gaap_EarningsPerShareBasic $ 1.35us-gaap_EarningsPerShareBasic $ 1.10us-gaap_EarningsPerShareBasic
Diluted (Note 18) (in Dollars per share) $ 1.73us-gaap_EarningsPerShareDiluted $ 1.34us-gaap_EarningsPerShareDiluted $ 1.09us-gaap_EarningsPerShareDiluted
Dividends declared per common share (in Dollars per share) $ 0.52us-gaap_CommonStockDividendsPerShareDeclared $ 0.39us-gaap_CommonStockDividendsPerShareDeclared $ 0.32us-gaap_CommonStockDividendsPerShareDeclared
[1] Net sales are attributed to countries based on location of customer.