Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 7,144	$ 4,500
Short-term investments, at fair value		100
Trade accounts receivable, net of doubtful accounts and allowances - $60 and $48	1,544	1,372
Inventories, net of inventory reserves - $157 and $146 (Note 8)	1,501	1,385
Other current assets	558	912
Total current assets	10,747	8,269
Investments (Note 9)	346	1,975
Property, plant and equipment, net of accumulated depreciation - $9,974 and $9,188	13,048	12,648
Goodwill, net (Note 10)	1,569	1,380
Other intangible assets, net (Note 10)	804	706
Deferred income taxes (Note 5)	2,952	2,056
Other assets	1,187	1,493
Total Assets	30,653	28,527
Current liabilities:
Current portion of long-term debt and short-term borrowings (Note 4)	279	572
Accounts payable	938	934
Other accrued liabilities (Note 3 and Note 12)	1,231	1,308
Total current liabilities	2,448	2,814
Long-term debt (Note 4)	3,918	3,890
Postretirement benefits other than pensions (Note 11)	710	718
Other liabilities (Note 3 and Note 12)	3,905	2,242
Total liabilities	10,981	9,664
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: 1,685 million and 1,681 million	842	840
Additional paid-in capital – common stock	13,668	13,352
Retained earnings	15,331	13,832
Treasury stock, at cost; Shares held: 648 million and 551 million	(11,566)	(9,725)
Accumulated other comprehensive loss	(966)	(1,811)
Total Corning Incorporated shareholders’ equity	19,609	18,788
Noncontrolling interests	63	75
Total equity	19,672	18,863
Total Liabilities and Equity	$ 30,653	$ 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.