Investments (Tables)

9 Months Ended

Sep. 30, 2020

Investments [Abstract]

Investments

	Ownership			September 30,		December 31,
	interest			2020		2019
Affiliated companies accounted for by the equity method (1)	20%	to	50%	$	285	$	291
Other investments					69		43
Subtotal investment assets				$	354	$	334
Affiliated companies accounted for by the equity method
HSG (1)(2)		50%		$	—	$	270
Subtotal investment liabilities				$	—	$	270

(1)Amounts reflect Corning’s direct ownership interest in the affiliated companies at September 30, 2020 and December 31, 2019.

(2)At December 31, 2019, the negative carrying value of Corning’s investment in HSG was $270 million and recorded in other liabilities.

Results From Operations

	Three months ended				Nine months ended
	September 30,				September 30,
	2020		2019		2020		2019
Statements of Operations (1):
Net sales	$	78	$	200	$	423	$	566
Gross profit	$	21	$	61	$	87	$	205
Net (loss) income	$	(192)	$	46	$	11	$	185
Net (loss) income attributable to HSG	$	(154)	$	42	$	44	$	165
Corning's equity in (losses) earnings of affiliated companies	$	(77)	$	21	$	22	$	81
Related party transactions:
Intercompany sales within HSG (included in net sales)	$	12	$	31	$	55	$	85

(1)The three and nine months ended September 30, 2020, only include HSG’s results of operations through September 8, 2020. Immediately following the Redemption, Corning began consolidating HSG on September 9, 2020