Note 4 - Earnings Per Common Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

4. Earnings per Common Share

The following table sets forth the computation of basic and diluted earnings per common share (in millions, except per share amounts):

	Three months ended
	March 31,
	2022		2021
Net income attributable to Corning Incorporated	$	581	$	599
Less: Series A convertible preferred stock dividend				24
Net income available to common shareholders – basic		581		575
Plus: Series A convertible preferred stock dividend				24
Net income available to common shareholders – diluted	$	581	$	599
Weighted-average common shares outstanding – basic		843		766
Effect of dilutive securities:
Employee stock options and other dilutive securities		16		17
Series A convertible preferred stock				115
Weighted-average common shares outstanding – diluted		859		898
Basic earnings per common share	$	0.69	$	0.75
Diluted earnings per common share	$	0.68	$	0.67
Anti-dilutive potential shares excluded from diluted earnings per common share:
Employee stock options and awards		—		1
Total		—		1