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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Consolidated Statements of Income [Abstract]        
Net sales $ 2,497 $ 2,360 $ 4,872 $ 4,407
Cost of sales 1,512 1,409 2,930 2,692
Gross margin 985 951 1,942 1,715
Operating expenses:        
Selling, general and administrative expenses 379 499 695 802
Research, development and engineering expenses 207 192 407 382
Amortization of purchased intangibles 18 15 35 29
Restructuring, impairment and other charges   (2)   78
Operating income 381 247 805 424
Equity in earnings of affiliated companies 37 41 117 100
Interest income 11 6 23 12
Interest expense (38) (40) (75) (81)
Translated earnings contract gain (loss), net 219 (1,201) (219) (2,058)
Gain on realignment of equity investment   2,676   2,676
Other expense, net (18) (26) (39) (42)
Income before income taxes 592 1,703 612 1,031
(Provision) benefit for income taxes (Note 4) (153) 504 (87) 808
Net income attributable to Corning Incorporated $ 439 $ 2,207 $ 525 $ 1,839
Earnings (loss) per common share attributable to Corning Incorporated:        
Basic (Note 5) $ 0.46 $ 2.06 $ 0.52 $ 1.66
Diluted (Note 5) 0.42 1.87 0.50 1.53
Dividends declared per common share $ 0.155 $ 0.135 $ 0.31 $ 0.27