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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Assets    
Cash and cash equivalents $ 4,988 $ 4,661
Short-term investments, at fair value (Note 3) 1,156 1,164
Total cash, cash equivalents and short-term investments 6,144 5,825
Trade accounts receivable, net of doubtful accounts and allowances - $26 and $19 1,302 1,082
Inventories (Note 5) 1,051 975
Deferred income taxes (Note 6) 579 448
Other current assets 619 347
Total current assets 9,695 8,677
Investments (Note 7) 4,915 4,726
Property, net of accumulated depreciation - $7,652 and $7,204 (Note 9) 10,625 10,671
Goodwill and other intangible assets, net (Note 10) 1,496 926
Deferred income taxes (Note 6) 2,343 2,652
Other assets 301 196
Total Assets 29,375 27,848
Liabilities and Equity    
Current portion of long-term debt (Note 12) 76 27
Accounts payable 779 977
Other accrued liabilities (Note 11 and 14) 1,101 1,093
Total current liabilities 1,956 2,097
Long-term debt (Note 12) 3,382 2,364
Postretirement benefits other than pensions (Note 13) 930 897
Other liabilities (Note 11 and 14) 1,574 1,361
Total liabilities 7,842 6,719
Commitments and contingencies (Note 14)      
Shareholders' equity (Note 17):    
Common stock - Par value $0.50 per share; shares authorized: 3.8 billion Shares issued: 1,649 million and 1,636 million 825 818
Additional paid-in capital 13,146 13,041
Retained earnings 10,588 9,332
Treasury stock, at cost; shares held: 179 million and 121 million (2,773) (2,024)
Accumulated other comprehensive loss (300) (89)
Total Corning Incorporated shareholders' equity 21,486 21,078
Noncontrolling interests 47 51
Total equity 21,533 21,129
Total Liabilities and Equity $ 29,375 $ 27,848