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Earnings per Common Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings per Common Share [Abstract]  
Computation of Basic and Diluted Earnings per Common Share





 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2017

 

2016

 

2017

 

2016

Net income attributable to Corning Incorporated

 

$

439 

 

$

2,207 

 

$

525 

 

$

1,839 

Less:  Series A convertible preferred stock dividend

 

 

24 

 

 

24 

 

 

49 

 

 

49 

Net income available to common stockholders – basic

 

 

415 

 

 

2,183 

 

 

476 

 

 

1,790 

Plus:  Series A convertible preferred stock dividend 

 

 

24 

 

 

24 

 

 

49 

 

 

49 

Net income available to common stockholders – diluted

 

$

439 

 

$

2,207 

 

$

525 

 

$

1,839 



 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding – basic

 

 

908 

 

 

1,059 

 

 

917 

 

 

1,081 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and other dilutive securities

 

 

11 

 

 

 

 

11 

 

 

Series A convertible preferred stock

 

 

115 

 

 

115 

 

 

115 

 

 

115 

Weighted-average common shares outstanding – diluted

 

 

1,034 

 

 

1,182 

 

 

1,043 

 

 

1,204 

Basic earnings per common share

 

$

0.46 

 

$

2.06 

 

$

0.52 

 

$

1.66 

Diluted earnings per common share

 

$

0.42 

 

$

1.87 

 

$

0.50 

 

$

1.53 



 

 

 

 

 

 

 

 

 

 

 

 

Antidilutive potential shares excluded from
  diluted earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options and awards

 

 

 

 

 

20 

 

 

 

 

21 

Total

 

 

 

 

 

20 

 

 

 

 

21