Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 4,500	$ 5,309
Short-term investments, at fair value (Note 3)	100	759
Total cash, cash equivalents and short-term investments	4,600	6,068
Trade accounts receivable, net of doubtful accounts and allowances - $48 and $47	1,372	1,501
Inventories, net of inventory reserves - $146 and $127 (Note 5)	1,385	1,322
Deferred income taxes (Note 6)		248
Other current assets (Note 11 and 15)	912	1,099
Total current assets	8,269	10,238
Investments (Note 7)	1,975	1,801
Property, plant and equipment, net of accumulated depreciation - $9,188 and $8,332 (Note 9)	12,648	12,766
Goodwill, net (Note 10)	1,380	1,150
Other intangible assets, net (Note 10)	706	497
Deferred income taxes (Note 6)	2,056	1,889
Other assets (Note 8, 11 and 15)	1,513	1,722
Total Assets	28,547	30,063
Current liabilities:
Current portion of long-term debt and short-term borrowings (Note 12)	572	36
Accounts payable	934	997
Other accrued liabilities (Note 11 and 14)	1,308	1,291
Total current liabilities	2,814	2,324
Long-term debt (Note 12)	3,910	3,227
Postretirement benefits other than pensions (Note 13)	718	814
Other liabilities (Note 11 and 14)	2,242	2,046
Total liabilities	$ 9,684	$ 8,411
Commitments and contingencies (Note 14)
Shareholders’ equity (Note 17):
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: 1,681 million and 1,672 million	840	836
Additional paid-in capital – common stock	13,352	13,456
Retained earnings	13,832	13,021
Treasury stock, at cost; shares held: 551 million and 398 million	(9,725)	(6,727)
Accumulated other comprehensive loss	(1,811)	(1,307)
Total Corning Incorporated shareholders’ equity	18,788	21,579
Noncontrolling interests	75	73
Total equity	18,863	21,652
Total Liabilities and Equity	$ 28,547	$ 30,063