v3.25.2
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 3,862 $ 3,251 $ 7,314 $ 6,226
Cost of sales 2,470 2,302 4,708 4,284
Gross margin 1,392 949 2,606 1,942
Operating expenses:        
Selling, general and administrative expenses 515 471 986 922
Research, development and engineering expenses 276 262 546 520
Amortization of purchased intangibles 28 30 56 60
Operating income 573 186 1,018 440
Interest income 5 10 17 22
Interest expense (83) (84) (165) (167)
Translated earnings contract gain, net (Note 13) 131 27 30 66
Other (expense) income, net (42) 33 (76) 107
Income before income taxes 584 172 824 468
Provision for income taxes (Note 4) (84) (50) (139) (121)
Net income 500 122 685 347
Net income attributable to non-controlling interest (31) (18) (59) (34)
Net income attributable to Corning Incorporated $ 469 $ 104 $ 626 $ 313
Earnings per common share available to common shareholders:        
Basic (Note 5) (in dollars per share) $ 0.55 $ 0.12 $ 0.73 $ 0.37
Diluted (Note 5) (in dollars per share) $ 0.54 $ 0.12 $ 0.72 $ 0.36