Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 2,868	$ 2,672
Trade accounts receivable, net of doubtful accounts - $44 and $46	1,900	2,133
Inventories, net (Note 7)	2,361	2,438
Other current assets (Note 12)	974	761
Total current assets	8,103	8,004
Property, plant and equipment, net of accumulated depreciation - $13,514 and $13,663	15,364	15,742
Goodwill, net	2,429	2,460
Other intangible assets, net	1,259	1,308
Deferred income taxes (Note 5)	992	1,121
Other assets (Note 12)	1,996	2,140
Total Assets	30,143	30,775
Current liabilities:
Current portion of long-term debt and short-term borrowings (Note 9)	154	156
Accounts payable	1,272	1,174
Other accrued liabilities (Note 8 and Note 11)	2,087	2,437
Total current liabilities	3,513	3,767
Long-term debt (Note 9)	7,650	7,816
Postretirement benefits other than pensions (Note 10)	733	727
Other liabilities (Note 8 and Note 11)	4,689	5,017
Total liabilities	16,585	17,327
Commitments and contingencies (Note 11)
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: 1,729 million and 1,726 million	864	863
Additional paid-in capital – common stock	14,722	14,642
Retained earnings	16,509	16,120
Treasury stock, at cost; Shares held: 961 million and 961 million	(19,934)	(19,928)
Accumulated other comprehensive loss	(1,092)	(740)
Total Corning Incorporated shareholders’ equity	13,369	13,257
Non-controlling interests	189	191
Total equity	13,558	13,448
Total Liabilities and Equity	$ 30,143	$ 30,775