(Loss) Earnings Per Common Share

3 Months Ended

Mar. 31, 2020

(Loss) Earnings Per Common Share [Abstract]

(Loss) Earnings Per Common Share

6. (Loss) Earnings per Common Share

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

	Three Months Ended
	March 31,
	2020		2019
Net (loss) income attributable to Corning Incorporated	$	(96)	$	499
Less: Series A convertible preferred stock dividend		24		24
Net (loss) income available to common stockholders – basic		(120)		475
Plus: Series A convertible preferred stock dividend				24
Net (loss) income available to common stockholders – diluted	$	(120)	$	499
Weighted-average common shares outstanding – basic		760		784
Effect of dilutive securities:
Employee stock options and other dilutive securities				9
Series A convertible preferred stock (1)				115
Weighted-average common shares outstanding – diluted		760		908
Basic (loss) earnings per common share	$	(0.16)	$	0.61
Diluted (loss) earnings per common share	$	(0.16)	$	0.55
Anti-dilutive potential shares excluded from ‎  diluted (loss) earnings per common share:
Series A convertible preferred stock (1)		115
Employee stock options and awards		11
Total		126

(1)For the quarter ended March 31, 2020, the Series A preferred stock was anti-dilutive; therefore, it was excluded from the calculation of diluted loss per share.