Note 11 - Employee Retirement Plans

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Pension and Other Postretirement Benefits Disclosure [Text Block]

11.      Employee Retirement Plans

The following table summarizes the components of net periodic benefit cost for Corning’s defined benefit pension and postretirement health care and life insurance plans (in millions):

	Pension benefits								Postretirement benefits
	Three months ended June 30,				Six months ended June 30,				Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015		2016		2015		2016		2015
Service cost	$	21	$	22	$	43	$	45	$	2	$	4	$	4	$	7
Interest cost		31		37		62		73		6		8		13		16
Expected return on plan assets		(41)		(44)		(83)		(89)
Amortization of net loss												1				2
Amortization of prior service cost (credit)		2		1		3		3		(1)		(2)		(2)		(3)
Recognition of actuarial loss		28		8		35		8
Total pension and postretirement benefit expense	$	41	$	24	$	60	$	40	$	7	$	11	$	15	$	22