Note 18 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

18.

   Earnings Per Common Share

Basic earnings per common share are computed by dividing income attributable to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share assumes the issuance of common shares for all potentially dilutive securities outstanding.

The reconciliation of the amounts used to compute basic and diluted earnings per common share from operations follows (in millions, except per share amounts):

	Years ended December 31,
	2016		2015		2014
Net income attributable to Corning Incorporated	$	3,695	$	1,339	$	2,472
Less: Series A convertible preferred stock dividend		98		98		94
Net income available to common stockholders - basic		3,597		1,241		2,378
Plus: Series A convertible preferred stock dividend		98		98		94
Net income available to common stockholders - diluted	$	3,695	$	1,339	$	2,472
Weighted-average common shares outstanding - basic		1,020		1,219		1,305
Effect of dilutive securities:
Stock options and other dilutive securities		9		9		12
Series A convertible preferred stock		115		115		110
Weighted-average common shares outstanding - diluted		1,144		1,343		1,427
Basic earnings per common share	$	3.53	$	1.02	$	1.82
Diluted earnings per common share	$	3.23	$	1.00	$	1.73
Anti-dilutive potential shares excluded from diluted earnings per common share:
Employee stock options and awards		15		22		24
Accelerated share repurchase forward contract				15		3
Total		15		37		27