Note 4 - Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three months ended					Six months ended
	June 30,					June 30,
	2022		2021			2022		2021
Net income attributable to Corning Incorporated	$	563	$	449		$	1,144	$	1,048
Less: Series A convertible preferred stock dividend									24
Less: Excess consideration paid for redemption of preferred shares				803					803
Net income (loss) available to common shareholders – basic		563		(354	)		1,144		221
Net income (loss) available to common shareholders – diluted	$	563	$	(354	)	$	1,144	$	221
Weighted-average common shares outstanding – basic		843		844			843		805
Effect of dilutive securities:
Employee stock options and other dilutive securities		13					14		17
Weighted-average common shares outstanding – diluted		856		844			857		822
Basic earnings (loss) per common share	$	0.67	$	(0.42	)	$	1.36	$	0.27
Diluted earnings (loss) per common share	$	0.66	$	(0.42	)	$	1.33	$	0.27
Anti-dilutive potential shares excluded from diluted earnings (loss) per common share:
Series A convertible preferred stock (1)				9					62
Employee stock options and awards		2		24			2		1
Total		2		33			2		63