Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 2,158	$ 2,434
Trade accounts receivable, net of doubtful accounts and allowances - $43 and $41	1,712	1,836
Inventories, net of inventory reserves - $214 and $201 (Note 9)	2,235	2,320
Other current assets	741	873
Total current assets	6,846	7,463
Investments	329	334
Property, plant and equipment, net of accumulated depreciation - $13,476 and $12,995	14,691	15,337
Goodwill, net	1,925	1,935
Other intangible assets, net	1,072	1,185
Deferred income taxes (Note 6)	1,266	1,157
Other assets	1,417	1,487
Total Assets	27,546	28,898
Current liabilities:
Current portion of long-term debt and short-term borrowings	12	11
Accounts payable	1,109	1,587
Other accrued liabilities (Note 4 and Note 11)	1,899	1,923
Total current liabilities	3,020	3,521
Long-term debt (Note 10)	7,797	7,729
Postretirement benefits other than pensions	668	671
Other liabilities (Note 4 and Note 11)	3,928	3,980
Total liabilities	15,413	15,901
Commitments, contingencies and guarantees (Note 4)
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: 1,720 million and 1,718 million	860	859
Additional paid-in capital – common stock	14,398	14,323
Retained earnings	15,847	16,408
Treasury stock, at cost; Shares held: 961 million and 956 million	(19,924)	(19,812)
Accumulated other comprehensive loss	(1,432)	(1,171)
Total Corning Incorporated shareholders’ equity	12,049	12,907
Noncontrolling interests	84	90
Total equity	12,133	12,997
Total Liabilities and Equity	$ 27,546	$ 28,898