Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 5,291,000	$ 4,500,000
Short-term investments, at fair value (Note 3)	0	100,000
Trade accounts receivable, net of doubtful accounts and allowances - $59 and $48	1,481,000	1,372,000
Inventories, net of inventory reserves - $151 and $146 (Note 5)	1,471,000	1,385,000
Other current assets (Note 8, 11 and 15)	805,000	912,000
Total current assets	9,048,000	8,269,000
Investments (Note 7)	336,000	1,975,000
Property, plant and equipment, net of accumulated depreciation - $9,884 and $9,188 (Note 9)	12,546,000	12,648,000
Goodwill, net (Note 10)	1,577,000	1,380,000
Other intangible assets, net (Note 10)	796,000	706,000
Deferred income taxes (Note 6)	2,325,000	2,056,000
Other assets (Note 8, 11 and 15)	1,271,000	1,493,000
Total Assets	27,899,000	28,527,000
Current liabilities:
Current portion of long-term debt and short-term borrowings (Note 12)	256,000	572,000
Accounts payable	1,079,000	934,000
Other accrued liabilities (Note 11 and 14)	1,416,000	1,308,000
Total current liabilities	2,751,000	2,814,000
Long-term debt	3,646,000	3,890,000
Postretirement benefits other than pensions (Note 13)	737,000	718,000
Other liabilities (Note 11 and 14)	2,805,000	2,242,000
Total liabilities	9,939,000	9,664,000
Commitments and contingencies (Note 14)
Shareholders’ equity (Note 17):
Convertible preferred stock, Series A – Par value $100 per share; Shares authorized 3,100; Shares issued: 2,300	2,300,000	2,300,000
Common stock – Par value $0.50 per share; Shares authorized: 3.8 billion; Shares issued: 1,691 million and 1,681 million	846,000	840,000
Additional paid-in capital – common stock	13,695,000	13,352,000
Retained earnings	16,880,000	13,832,000
Treasury stock, at cost; shares held: 765 million and 551 million	(14,152,000)	(9,725,000)
Accumulated other comprehensive loss	(1,676,000)	(1,811,000)
Total Corning Incorporated shareholders’ equity	17,893,000	18,788,000
Noncontrolling interests	67,000	75,000
Total equity	17,960,000	18,863,000
Total Liabilities and Equity	$ 27,899,000	$ 28,527,000

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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- 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.