Investments (Tables)

6 Months Ended

Jun. 30, 2017

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

(1)

Primarily consists of the release of accumulated other comprehensive income items related to unamortized actuarial losses related to Dow Corning’s pension plan and foreign currency translation gains in the amounts of $260 million and $45 million, respectively.

Investments



	Ownership			June 30,		December 31,
	interest			2017		2016
Affiliated companies accounted for by the equity method (1)	20%	to	50%	$	279	$	269
Other investments					69		67
Subtotal Investment Assets				$	348	$	336

Affiliated companies accounted for by the equity method
HSG (1)(2)		50%		$	198	$	241
Subtotal Investment Liabilities				$	198	$	241

(1)

Amounts reflect Corning’s direct ownership interests in the respective affiliated companies at June 30, 2017 and December 31, 2016. Corning does not control any of such entities.

(2)

HSG indirectly holds an 80.5% interest in a HSG operating partnership. The negative carrying value of the investment in HSG is recorded in Other Liabilities.

Results From Operations


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016 (2)		2017 (1)		2016 (2)
Statement of Operations:
Net sales	$	320	$	180	$	601	$	180
Gross profit	$	80	$	51	$	108	$	51
Net income attributable to HSG	$	67	$	44	$	226	$	44

(1)

HSG’s net income for the first half of 2017 includes pre-tax gains on settlement of long-term sales agreements in the amount of $150 million (after tax and non-controlling interests, Corning’s share was approximately $75 million).

Amounts reflect HSG’s results of operations for the month of June 2016