Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 4,440	$ 5,309
Short-term investments, at fair value (Note 6)	573	759
Total cash, cash equivalents and short-term investments	5,013	6,068
Trade accounts receivable, net of doubtful accounts and allowances - $48 and $47	1,479	1,501
Inventories, net of inventory reserves - $130 and $127 (Note 7)	1,374	1,322
Deferred income taxes (Note 4)	315	248
Other current assets	1,072	1,099
Total current assets	9,253	10,238
Investments (Note 8)	1,826	1,801
Property, plant and equipment, net of accumulated depreciation - $9,027 and $8,332	12,549	12,766
Goodwill, net (Note 10)	1,330	1,150
Other intangible assets, net (Note 10)	678	497
Deferred income taxes (Note 4)	1,711	1,889
Other assets	1,551	1,722
Total Assets	28,898	30,063
Current liabilities:
Current portion of long-term debt (Note 3)	101	36
Accounts payable	909	997
Other accrued liabilities (Note 2)	956	1,291
Total current liabilities	1,966	2,324
Long-term debt (Note 3)	3,915	3,227
Postretirement benefits other than pensions (Note 11)	782	814
Other liabilities (Note 2)	2,165	2,046
Total liabilities	$ 8,828	$ 8,411
Commitments and contingencies (Note 2)
Shareholders’ equity (Note 14):
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	13,590	13,456
Retained earnings	13,769	13,021
Treasury stock, at cost; Shares held: 496 million and 398 million	(8,699)	(6,727)
Accumulated other comprehensive loss	(1,803)	(1,307)
Total Corning Incorporated shareholders’ equity	19,997	21,579
Noncontrolling interests	73	73
Total equity	20,070	21,652
Total Liabilities and Equity	$ 28,898	$ 30,063