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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 971 $ 2,355
Trade accounts receivable, net of doubtful accounts and allowances - $80 and $64 2,024 1,940
Inventories, net of inventory reserves - $198 and $182 (Note 7) 2,337 2,037
Other current assets 824 702
Total current assets 6,156 7,034
Investments 339 376
Property, plant and equipment, net of accumulated depreciation - $12,731 and $11,932 15,083 14,895
Goodwill, net 1,924 1,936
Other intangible assets, net 1,206 1,292
Deferred income taxes (Note 5) 1,109 951
Other assets 1,512 1,021
Total Assets 27,329 27,505
Current liabilities:    
Current portion of long-term debt and short-term borrowings 305 4
Accounts payable 1,447 1,456
Other accrued liabilities (Note 3 and Note 10) 1,848 1,851
Total current liabilities 3,600 3,311
Long-term debt 6,225 5,994
Postretirement benefits other than pensions (Note 9) 646 662
Other liabilities (Note 3 and Note 10) 3,724 3,652
Total liabilities 14,195 13,619
Commitments, contingencies and guarantees (Note 3)
Shareholders’ equity (Note 13):    
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: 1,717 million and 1,713 million 859 857
Additional paid-in capital – common stock 14,295 14,212
Retained earnings 16,555 16,303
Treasury stock, at cost; Shares held: 949 million and 925 million (19,588) (18,870)
Accumulated other comprehensive loss (1,387) (1,010)
Total Corning Incorporated shareholders’ equity 13,034 13,792
Noncontrolling interests 100 94
Total equity 13,134 13,886
Total Liabilities and Equity $ 27,329 $ 27,505