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Consolidated Statements of (Loss) Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Consolidated Statements of (Loss) Income [Abstract]        
Net sales $ 2,561 $ 2,940 $ 4,952 $ 5,752
Cost of sales 1,805 1,875 3,635 3,588
Gross margin 756 1,065 1,317 2,164
Operating expenses:        
Selling, general and administrative expenses 401 414 796 815
Research, development and engineering expenses 430 249 691 498
Amortization of purchased intangibles 28 28 54 57
Operating (loss) income (103) 374 (224) 794
Equity in earnings of affiliated companies 79 33 93 58
Interest income 3 5 9 12
Interest expense (67) (54) (131) (106)
Translated earnings contract gain (loss), net 37 (107) 105 77
Other income (expense), net 2 (35) (9) (44)
(Loss) income before income taxes (49) 216 (157) 791
Provision for income taxes (Note 6) (22) (124) (10) (200)
Net (loss) income attributable to Corning Incorporated $ (71) $ 92 $ (167) $ 591
(Loss) earnings per common share attributable to Corning Incorporated:        
Basic (Note 8) $ (0.13) $ 0.09 $ (0.28) $ 0.69
Diluted (Note 8) $ (0.13) $ 0.09 $ (0.28) $ 0.65