Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 3,540	$ 4,500
Short-term investments, at fair value		100
Trade accounts receivable, net of doubtful accounts and allowances - $46 and $48	1,388	1,372
Inventories, net of inventory reserves - $156 and $146 (Note 8)	1,453	1,385
Other current assets	797	912
Total current assets	7,178	8,269
Investments (Note 9)	2,072	1,975
Property, plant and equipment, net of accumulated depreciation - $9,632 and $9,188	12,823	12,648
Goodwill, net (Note 10)	1,399	1,380
Other intangible assets, net (Note 10)	703	706
Deferred income taxes (Note 5)	2,428	2,056
Other assets	1,342	1,493
Total Assets	27,945	28,527
Current liabilities:
Current portion of long-term debt and short-term borrowings (Note 4)	527	572
Accounts payable	836	934
Other accrued liabilities (Note 3 and Note 12)	1,201	1,308
Total current liabilities	2,564	2,814
Long-term debt (Note 4)	3,910	3,890
Postretirement benefits other than pensions (Note 11)	717	718
Other liabilities (Note 3 and Note 12)	2,767	2,242
Total liabilities	$ 9,958	$ 9,664
Commitments, contingencies and guarantees (Note 3)
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: 1,682 million and 1,681 million	841	840
Additional paid-in capital – common stock	13,638	13,352
Retained earnings	13,290	13,832
Treasury stock, at cost; Shares held: 607 million and 551 million	(10,747)	(9,725)
Accumulated other comprehensive loss	(1,404)	(1,811)
Total Corning Incorporated shareholders’ equity	17,918	18,788
Noncontrolling interests	69	75
Total equity	17,987	18,863
Total Liabilities and Equity	$ 27,945	$ 28,527

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Balance Type:	credit
Period Type:	instant

- Definition

Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.