Note 7 - Investments (Tables)

12 Months Ended

Dec. 31, 2016

Notes Tables

Equity Method Investments [Table Text Block]

	Ownership			December 31,
	interest			2016		2015
Affiliated companies accounted for by the equity method
Dow Corning (1)		50%				$	1,483
All other (2)	20%	to	50%	$	269		422
					269		1,905
Other investments					67		70
Subtotal Investment Assets				$	336	$	1,975
Affiliated companies accounted for by the equity method
HSG (3)		50%		$	241
Subtotal Investment Liabilities				$	241

Schedule of Affiliate Result of Operations [Table Text Block]

	Years ended December 31,
	2016		2015		2014
Statement of operations:
Net sales	$	4,024	$	6,461	$	7,124
Gross profit	$	1,006	$	1,606	$	1,701
Net income	$	565	$	586	$	647
Corning’s equity in earnings of affiliated companies	$	284	$	299	$	266
Related party transactions:
Corning sales to affiliated companies	$	95	$	75	$	53
Corning purchases from affiliated companies	$	19	$	19	$	25
Corning transfers of assets, at cost, to affiliated companies	$	42
Dividends received from affiliated companies	$	85	$	143	$	130
Royalty income from affiliated companies					$	2

	December 31,
	2016		2015
Balance sheet:
Current assets	$	1,522	$	5,228
Noncurrent assets	$	2,112	$	6,453
Short-term borrowings, including current portion of long-term debt	$	3	$	6
Other current liabilities	$	715	$	1,461
Long-term debt	$	23	$	800
Other long-term liabilities	$	2,523	$	4,557
Non-controlling interest	$	267	$	631
Related party transactions:
Balances due from affiliated companies	$	27	$	11
Balances due to affiliated companies			$	1

	Years ended December 31,
	2016		2015		2014
Statement of operations:
Net sales	$	2,215	$	5,649	$	6,221
Gross profit (1)	$	588	$	1,472	$	1,543
Net income attributable to Dow Corning	$	163	$	563	$	513
Corning’s equity in earnings of Dow Corning	$	82	$	281	$	252
Related party transactions:
Corning purchases from Dow Corning	$	7	$	15	$	15
Dividends received from Dow Corning	$	20	$	143	$	125

	December 31, 2015
Balance sheet:
Current assets		$	4,511
Noncurrent assets		$	6,064
Short-term borrowings, including current portion of long-term debt		$	6
Other current liabilities		$	1,305
Long-term debt		$	785
Other long-term liabilities		$	4,539
Non-controlling interest		$	631

Investment Gain on Realignment [Table Text Block]

Cash	$	4,818
Carrying Value of Dow Corning Equity Investment		(1,560	)
Carrying Value of HSG Equity Investment		(383	)
Other (1)		(199	)
Gain	$	2,676

Schedule of Loss Contingencies by Contingency [Table Text Block]

	Amended PCC Plan
	Equity Interests			Fixed Series of Payments		Non-PCC			Total Asbestos Litigation Liability
Fair Value of Asbestos Litigation Liability as of December 31, 2015	$	238		$	290	$	150		$	678
Contribution of PCC & PCE Equity Interests - Carrying Value		(182	)							(182	)
Gain on Contribution of Equity Interests		(56	)							(56	)
Other adjustments							(1	)		(1	)
Asbestos Litigation Liability as of December 31 , 2016	$	0		$	290	$	149		$	439