Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 1,903	$ 4,317
Trade accounts receivable, net of doubtful accounts and allowances - $60 and $60	1,973	1,807
Inventories, net of inventory reserves - $173 and $169 (Note 7)	1,921	1,712
Other current assets	835	991
Total current assets	6,632	8,827
Investments	322	340
Property, plant and equipment, net of accumulated depreciation - $11,368 and $10,809	14,345	14,017
Goodwill, net (Note 9)	1,930	1,694
Other intangible assets, net (Note 9)	1,309	869
Deferred income taxes (Note 5)	831	813
Other assets	1,023	934
Total Assets	26,392	27,494
Current liabilities:
Current portion of long-term debt and short-term borrowings	252	379
Accounts payable	1,092	1,439
Other accrued liabilities (Note 3 and Note 11)	1,768	1,391
Total current liabilities	3,112	3,209
Long-term debt (Note 4)	5,056	4,749
Postretirement benefits other than pensions (Note 10)	701	749
Other liabilities (Note 3 and Note 11)	3,545	3,017
Total liabilities	12,414	11,724
Commitments, contingencies and guarantees (Note 3)
Shareholders’ equity (Note 14):
Convertible preferred stock, Series A – Par value $100 per share; Shares authorized 3,100; Shares issued: 2,300	2,300	2,300
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.7 billion and 1.7 billion	856	854
Additional paid-in capital – common stock	14,201	14,089
Retained earnings	16,186	15,930
Treasury stock, at cost; Shares held: 914 million and 850 million	(18,517)	(16,633)
Accumulated other comprehensive loss	(1,136)	(842)
Total Corning Incorporated shareholders’ equity	13,890	15,698
Noncontrolling interests	88	72
Total equity	13,978	15,770
Total Liabilities and Equity	$ 26,392	$ 27,494

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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Balance Type:	credit
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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.