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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,365 $ 1,779
Trade accounts receivable, net of doubtful accounts - $29 and $30 1,621 1,572
Inventories (Note 5) 2,713 2,666
Other current assets 1,272 1,195
Total current assets 6,971 7,212
Property, plant and equipment, net of accumulated depreciation - $14,439 and $14,553 14,199 14,630
Goodwill 2,370 2,380
Other intangible assets, net 871 905
Deferred income taxes (Note 3) 1,132 1,153
Other assets 2,075 2,220
Total Assets 27,618 28,500
Current liabilities:    
Current portion of long-term debt and short-term borrowings 318 320
Accounts payable 1,476 1,466
Other accrued liabilities (Notes 6 and 10) 2,381 2,533
Total current liabilities 4,175 4,319
Long-term debt (Note 7) 7,050 7,206
Postretirement benefits other than pensions (Note 8) 399 398
Other liabilities (Notes 6 and 10) 4,435 4,709
Total liabilities 16,059 16,632
Commitments and contingencies (Note 10)
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 917 916
Additional paid-in capital – common stock 16,998 16,929
Retained earnings 16,358 16,391
Treasury stock, at cost; Shares held: 981 million and 980 million (20,672) (20,637)
Accumulated other comprehensive loss (2,375) (2,048)
Total Corning Incorporated shareholders’ equity 11,226 11,551
Non-controlling interest 333 317
Total equity 11,559 11,868
Total Liabilities and Equity $ 27,618 $ 28,500