v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,491 $ 1,768
Trade accounts receivable, net of doubtful accounts - $31 and $33 2,298 2,053
Inventories (Note 7) 3,084 2,724
Other current assets 1,323 1,447
Total current assets 8,196 7,992
Property, plant and equipment, net of accumulated depreciation - $15,020 and $14,492 13,881 13,359
Goodwill 2,492 2,363
Other intangible assets, net 711 752
Deferred income taxes (Note 4) 1,187 1,130
Other assets 2,278 2,139
Total Assets 28,745 27,735
Current liabilities:    
Current portion of long-term debt and short-term borrowings (Note 9) 786 326
Accounts payable 1,931 1,472
Other accrued liabilities (Notes 8 and 12) 2,758 3,121
Total current liabilities 5,475 4,919
Long-term debt (Note 9) 6,714 6,885
Postretirement benefits other than pensions (Note 10) 302 336
Other liabilities (Notes 8 and 12) 4,709 4,525
Total liabilities 17,200 16,665
Commitments and contingencies (Note 12)
Shareholders’ equity (Note 14):    
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion 923 921
Additional paid-in capital – common stock 17,389 17,264
Retained earnings 15,823 15,926
Treasury stock, at cost; Shares held: 991 million and 987 million (21,085) (20,882)
Accumulated other comprehensive loss (1,934) (2,543)
Total Corning Incorporated shareholders’ equity 11,116 10,686
Non-controlling interest 429 384
Total equity 11,545 11,070
Total Liabilities and Equity $ 28,745 $ 27,735