XML 62 R47.htm IDEA: XBRL DOCUMENT

Note 19 - Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Optical Communications				Display Technologies				Specialty Materials				Environmental Technologies				Life Sciences				Hemlock and Emerging Growth Businesses (1)				Total

For the year ended December 31, 2022
Segment net sales		$	5,023			$	3,306			$	2,002			$	1,584			$	1,228			$	1,662			$	14,805
Depreciation ⁽²⁾		$	249			$	547			$	155			$	128			$	60			$	146			$	1,285
Research, development and engineering expenses ⁽³⁾		$	230			$	124			$	222			$	98			$	37			$	163			$	874
Income tax provision ⁽⁴⁾		$	(180	)		$	(203	)		$	(90	)		$	(78	)		$	(40	)		$	(24	)		$	(615	)
Net income		$	661			$	769			$	340			$	292			$	153			$	39			$	2,254
Investment in affiliated companies, at equity		$	3			$	102			$	8							$	4			$	144			$	261
Segment assets ⁽⁵⁾		$	3,295			$	8,104			$	2,419			$	2,061			$	862			$	2,136			$	18,877
Capital expenditures		$	368			$	495			$	306			$	110			$	116			$	218			$	1,613

For the year ended December 31, 2021
Segment net sales		$	4,349			$	3,700			$	2,008			$	1,586			$	1,234			$	1,243			$	14,120
Depreciation ⁽²⁾		$	224			$	605			$	161			$	139			$	52			$	134			$	1,315
Research, development and engineering expenses ⁽³⁾		$	216			$	110			$	208			$	111			$	33			$	160			$	838
Income tax (provision) benefit ⁽⁴⁾		$	(152	)		$	(249	)		$	(99	)		$	(72	)		$	(51	)		$	11			$	(612	)
Net income (loss)		$	553			$	960			$	371			$	269			$	194			$	(51	)		$	2,296
Investment in affiliated companies, at equity		$	3			$	109			$	6							$	4			$	142			$	264
Segment assets ⁽⁵⁾		$	3,183			$	8,672			$	2,328			$	2,150			$	791			$	2,024			$	19,148
Capital expenditures		$	301			$	710			$	183			$	228			$	128			$	149			$	1,699

For the year ended December 31, 2020
Segment net sales		$	3,563			$	3,172			$	1,884			$	1,370			$	998			$	465			$	11,452
Depreciation ⁽²⁾		$	242			$	548			$	162			$	132			$	50			$	81			$	1,215
Research, development and engineering expenses ⁽³⁾		$	204			$	99			$	155			$	100			$	26			$	170			$	754
Income tax (provision) benefit ⁽⁴⁾		$	(101	)		$	(190	)		$	(113	)		$	(52	)		$	(37	)		$	58			$	(435	)
Net income (loss)		$	366			$	717			$	423			$	197			$	139			$	(214	)		$	1,628
Investment in affiliated companies, at equity		$	3			$	107			$	4							$	2			$	142			$	258
Segment assets ⁽⁵⁾		$	2,868			$	8,842			$	2,571			$	1,986			$	683			$	2,157			$	19,107
Capital expenditures		$	127			$	311			$	125			$	159			$	83			$	123			$	928

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]

		Year ended December 31,
		*2022*				2021				2020
Net sales of reportable segments		$	13,143			$	12,877			$	10,987
Net sales of Hemlock and Emerging Growth Businesses ⁽¹⁾			1,662				1,243				465
Impact of constant currency reporting ⁽²⁾			(616	)			(38	)			(44	)
Cumulative adjustment related to customer contract ⁽³⁾											(105	)
Consolidated net sales		$	14,189			$	14,082			$	11,303

Reconciliation of Net Income (Loss) from Segments to Consolidated [Table Text Block]

		Year ended December 31,
		*2022*				2021				2020
Net income of reportable segments		$	2,215			$	2,347			$	1,842
Net income (loss) of Hemlock and Emerging Growth Businesses ⁽¹⁾			39				(51	)			(214	)
Unallocated amounts:
Impact of constant currency reporting not included in segment net income (loss)			(480	)			(87	)			(22	)
Gain (loss) on foreign currency hedges related to translated earnings			348				354				(46	)
Translation gain (loss) on Japanese yen-denominated debt			191				180				(86	)
Litigation, regulatory and other legal matters			(100	)			(16	)			(144	)
Research, development, and engineering expense ⁽²⁾⁽³⁾			(163	)			(151	)			(150	)
Transaction-related gain, net ⁽⁴⁾											498
Amortization of intangibles			(123	)			(129	)			(121	)
Interest expense, net			(237	)			(265	)			(261	)
Income tax benefit			204				120				324
Pension mark-to-market			(11	)			(32	)			(31	)
Cumulative adjustment related to customer contract ⁽⁵⁾											(105	)
Severance (charges) credits ⁽³⁾			(70	)			13				(148	)
Asset impairment ⁽³⁾											(217	)
Capacity realignment and other charges and credits ⁽³⁾			(344	)			(123	)			(462	)
Bond redemption loss ⁽⁶⁾							(31	)			(22	)
Gain (loss) on investments ⁽⁷⁾			8				(23	)			107
Gain on sale of business			53				54
Other corporate items			(214	)			(254	)			(230	)
Net income		$	1,316			$	1,906			$	512

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

		December 31,
		*2022*				2021				2020
Total assets of reportable segments		$	16,741			$	17,124			$	16,950
Total assets of Hemlock and Emerging Growth Businesses			2,136				2,024				2,157
Unallocated amounts:
Current assets ⁽¹⁾			2,823				3,163				3,434
Investments ⁽²⁾			99				54				177
Property, plant and equipment, net ⁽³⁾			1,385				1,426				1,463
Other non-current assets ⁽⁴⁾			6,315				6,363				6,594
Total assets		$	29,499			$	30,154			$	30,775

Revenue from External Customers by Products and Services [Table Text Block]

		Year ended December 31,
Revenue from external customers		*2022*				2021				2020

Optical Communications
Carrier network		$	3,760			$	3,200			$	2,612
Enterprise network			1,263				1,149				951
Total Optical Communications			5,023				4,349				3,563

Display Technologies			3,306				3,700				3,172

Specialty Materials
Corning® Gorilla® Glass			1,331				1,403				1,420
Advanced optics and other specialty glass			671				605				464
Total Specialty Materials			2,002				2,008				1,884

Environmental Technologies
Automotive and other			934				936				883
Diesel			650				650				487
Total Environmental Technologies			1,584				1,586				1,370

Life Sciences
Labware			657				671				552
Cell culture products			571				563				446
Total Life Science			1,228				1,234				998

Hemlock and Emerging Growth Businesses
Polycrystalline Silicon			1,191				892				194
Other			471				351				271
Total Hemlock and Emerging Growth Businesses			1,662				1,243				465

Net sales of reportable segments			13,143				12,877				10,987
Net sales of Hemlock and Emerging Growth Businesses			1,662				1,243				465
Impact of constant currency reporting ⁽¹⁾			(616	)			(38	)			(44	)
Cumulative adjustment related to customer contract ⁽²⁾											(105	)
Consolidated net sales		$	14,189			$	14,082			$	11,303

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

		*2022*								2021								2020
		*Net sales (1)*				*Long-lived assets (2)*				Net sales (1)				Long-lived assets (2)				Net sales (1)				Long-lived assets (2)

North America:
United States		$	5,149			$	8,937			$	4,539			$	8,600			$	3,412			$	8,718
Canada			503				99				472				114				274				121
Mexico			96				180				93				289				75				239
Total North America			5,748				9,216				5,104				9,003				3,761				9,078

Asia Pacific:
Japan			617				429				780				496				505				583
Taiwan			813				1,696				983				1,923				887				2,247
China			4,435				4,794				4,495				4,966				3,734				4,469
Korea			514				3,294				640				3,479				748				3,597
Other			729				81				459				84				340				83
Total Asia Pacific			7,108				10,294				7,357				10,948				6,214				10,979

Europe:
Germany			539				459				462				500				378				579
Other			1,116				937				925				910				838				931
Total Europe			1,655				1,396				1,387				1,410				1,216				1,510

All Other			294				67				272				68				261				83
Total		$	14,805			$	20,973			$	14,120			$	21,429			$	11,452			$	21,650