Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 4,968	$ 5,309
Short-term investments, at fair value (Note 6)	505	759
Total cash, cash equivalents and short-term investments	5,473	6,068
Trade accounts receivable, net of doubtful accounts and allowances - $46 and $47	1,545	1,501
Inventories, net of inventory reserves - $125 and $127 (Note 7)	1,385	1,322
Deferred income taxes (Note 4)	291	248
Other current assets	1,174	1,099
Total current assets	9,868	10,238
Investments (Note 8)	1,844	1,801
Property, plant and equipment, net of accumulated depreciation - $8,784 and $8,332 (Note 10)	12,669	12,766
Goodwill, net (Note 11)	1,343	1,150
Other intangible assets, net (Note 11)	700	497
Deferred income taxes (Note 4)	1,808	1,889
Other assets	1,656	1,722
Total Assets	29,888	30,063
Current liabilities:
Current portion of long-term debt (Note 3)	102	36
Accounts payable	930	997
Other accrued liabilities (Note 2)	990	1,291
Total current liabilities	2,022	2,324
Long-term debt (Note 3)	3,910	3,227
Postretirement benefits other than pensions (Note 12)	781	814
Other liabilities (Note 2)	2,120	2,046
Total liabilities	$ 8,833	$ 8,411
Commitments and contingencies (Note 2)
Shareholders’ equity (Note 15):
Convertible preferred stock, Series A – Par value $100 per share; Shares authorized 3,100; Shares issued: 2,300	$ 2,300	$ 2,300
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1,680 million and 1,672 million	840	836
Additional paid-in capital – common stock	13,578	13,456
Retained earnings	13,727	13,021
Treasury stock, at cost; Shares held: 449 million and 398 million	(7,871)	(6,727)
Accumulated other comprehensive loss	(1,591)	(1,307)
Total Corning Incorporated shareholders’ equity	20,983	21,579
Noncontrolling interests	72	73
Total equity	21,055	21,652
Total Liabilities and Equity	$ 29,888	$ 30,063