Earnings Per Common Share

9 Months Ended

Sep. 30, 2019

Earnings Per Common Share [Abstract]

Earnings Per Common Share

6. Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (in millions, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019		2018
Net income attributable to Corning Incorporated	$	337	$	625	$	928	$	774
Less: Series A convertible preferred stock dividend		24		24		73		73
Net income available to common stockholders – basic		313		601		855		701
Plus: Series A convertible preferred stock dividend		24		24		73		73
Net income available to common stockholders – diluted	$	337	$	625	$	928	$	774
Weighted-average common shares outstanding – basic		775		805		780		824
Effect of dilutive securities:
Employee stock options and other dilutive securities		7		10		8		9
Series A convertible preferred stock		115		115		115		115
Weighted-average common shares outstanding – diluted		897		930		903		948
Basic earnings per common share	$	0.40	$	0.75	$	1.10	$	0.85
Diluted earnings per common share	$	0.38	$	0.67	$	1.03	$	0.82
Antidilutive potential shares excluded from ‎  diluted earnings per common share:
Employee stock options and awards		2		1		2		2
Total		2		1		2		2