v3.26.1
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net sales $ 4,505 $ 3,862 $ 8,649 $ 7,314
Cost of sales 2,877 2,470 5,493 4,708
Gross margin 1,628 1,392 3,156 2,606
Operating expenses:        
Selling, general and administrative expenses 608 515 1,196 986
Research, development and engineering expenses 299 276 577 546
Amortization of purchased intangibles 23 28 46 56
Operating income 698 573 1,337 1,018
Interest income 12 5 21 17
Interest expense (94) (83) (186) (165)
Translated earnings contract gain, net 90 131 74 30
Other expense, net (57) (42) (68) (76)
Income before income taxes 649 584 1,178 824
Provision for income taxes (Note 11) (40) (84) (161) (139)
Net income 609 500 1,017 685
Net income attributable to non-controlling interest (50) (31) (87) (59)
Net income attributable to Corning Incorporated $ 559 $ 469 $ 930 $ 626
Earnings per common share available to common shareholders:        
Basic (Note 15) (in dollars per share) $ 0.65 $ 0.55 $ 1.08 $ 0.73
Diluted (Note 15) (in dollars per share) $ 0.64 $ 0.54 $ 1.06 $ 0.72