Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 2,016	$ 2,148
Trade accounts receivable, net of doubtful accounts - $39 and $42	1,910	2,004
Inventories, net (Note 5)	2,618	2,481
Other current assets	1,317	1,026
Total current assets	7,861	7,659
Property, plant and equipment, net of accumulated depreciation - $14,010 and $13,969	15,780	15,804
Goodwill, net	2,408	2,421
Other intangible assets, net	1,118	1,148
Deferred income taxes (Note 3)	1,030	1,066
Other assets	2,060	2,056
Total Assets	30,257	30,154
Current liabilities:
Current portion of long-term debt and short-term borrowings (Note 7)	120	55
Accounts payable	1,849	1,612
Other accrued liabilities (Note 6 and Note 9)	3,092	3,139
Total current liabilities	5,061	4,806
Long-term debt (Note 7)	6,839	6,989
Postretirement benefits other than pensions (Note 8)	620	622
Other liabilities (Note 6 and Note 9)	5,108	5,192
Total liabilities	17,628	17,609
Commitments and contingencies (Note 9)
Shareholders’ equity (Note 12):
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion	908	907
Additional paid-in capital – common stock	16,531	16,475
Retained earnings	16,737	16,389
Treasury stock, at cost; Shares held: 973 million and 970 million	(20,419)	(20,263)
Accumulated other comprehensive loss	(1,362)	(1,175)
Total Corning Incorporated shareholders’ equity	12,395	12,333
Non-controlling interests	234	212
Total equity	12,629	12,545
Total Liabilities and Equity	$ 30,257	$ 30,154