XML 57 R37.htm IDEA: XBRL DOCUMENT v3.3.1.900
Note 7 - Investments (Tables)
12 Months Ended
Dec. 31, 2015
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments [Table Text Block]
 
Ownership
interest (1)
 
December 31,
   
2015
 
2014
Affiliated companies accounted for by the equity method
                 
Dow Corning
 
50%
   
$
1,483
 
$
1,325
All other
20%
to
50%
   
422
   
452
           
1,905
   
1,777
Other investments
         
70
   
24
Total
       
$
1,975
 
$
1,801
Schedule of Affiliate Result of Operations [Table Text Block]
 
Years ended December 31,
 
2015
 
2014
 
2013
                 
Statement of operations (1)(2):
               
Net sales
$
6,461
 
$
7,124
 
$
8,526
Gross profit
$
1,606
 
$
1,701
 
$
2,655
Net income
$
586
 
$
647
 
$
1,135
Corning’s equity in earnings of affiliated companies 
$
299
 
$
266
 
$
547
                 
Related party transactions:
               
Corning sales to affiliated companies
$
30
 
$
13
 
$
13
Corning purchases from affiliated companies
$
19
 
$
25
 
$
189
Corning transfers of assets, at cost, to affiliated companies (3)
           
$
37
Dividends received from affiliated companies
$
143
 
$
130
 
$
629
Royalty income from affiliated companies
     
$
2
 
$
57
Corning services to affiliates
           
$
2
 
Years ended December 31,
 
2015
 
2014
 
2013
                 
Statement of operations:
               
Net sales
$
5,649
 
$
6,221
 
$
5,711
Gross profit (1)
$
1,472
 
$
1,543
 
$
1,280
Net income attributable to Dow Corning
$
563
 
$
513
 
$
376
Corning’s equity in earnings of Dow Corning
$
281
 
$
252
 
$
196
                 
Related party transactions:
               
Corning purchases from Dow Corning
$
15
 
$
15
 
$
22
Dividends received from Dow Corning
$
143
 
$
125
 
$
100
Schedule of Affiliate Financial Position [Table Text Block]
 
December 31,
     
 
2015
 
2014
     
Balance sheet:
               
Current assets
$
5,228
 
$
5,432
     
Noncurrent assets
$
6,453
 
$
6,864
     
Short-term borrowings, including current portion of long-term debt
$
6
 
$
7
     
Other current liabilities
$
1,461
 
$
1,630
     
Long-term debt
$
800
 
$
950
     
Other long-term liabilities
$
4,557
 
$
5,143
     
Non-controlling interest
$
631
 
$
634
     
                 
Related party transactions:
               
Balances due from affiliated companies
$
11
 
$
19
     
Balances due to affiliated companies
$
1
 
$
2
     
                 
 
December 31,
     
 
2015
 
2014
     
Balance sheet:
               
Current assets
$
4,511
 
$
4,712
     
Noncurrent assets
$
6,064
 
$
6,433
     
Short-term borrowings, including current portion of long-term debt
$
6
 
$
7
     
Other current liabilities
$
1,305
 
$
1,441
     
Long-term debt
$
785
 
$
945
     
Other long-term liabilities
$
4,539
 
$
5,125
     
Non-controlling interest
$
631
 
$
634