v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 2,504 $ 1,526
Trade accounts receivable, net of doubtful accounts - $29 and $27 2,932 2,779
Inventories (Note 3) 3,426 3,077
Other current assets (Note 5) 2,055 1,554
Total current assets 10,917 8,936
Property, plant and equipment, net of accumulated depreciation - $15,460 and $15,229 14,927 14,825
Goodwill 2,476 2,489
Other intangible assets, net 610 657
Deferred income taxes (Note 11) 1,610 1,515
Other assets (Note 5) 2,416 2,554
Total Assets 32,956 30,976
Current liabilities:    
Current portion of long-term debt and short-term borrowings (Note 6) 668 804
Accounts payable 2,361 1,979
Other accrued liabilities (Notes 5 and 8) 2,992 2,845
Total current liabilities 6,021 5,628
Long-term debt (Note 6) 7,756 7,630
Postretirement benefits other than pensions (Note 7) 325 314
Other liabilities (Notes 5 and 8) 5,727 5,097
Total liabilities 19,829 18,669
Commitments and contingencies (Note 8)
Shareholders’ equity: (Note 12)    
Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.9 billion and 1.8 billion 927 924
Additional paid-in capital – common stock 18,636 17,580
Retained earnings 16,747 16,551
Treasury stock, at cost; Shares held: 994 million and 992 million (21,429) (21,143)
Accumulated other comprehensive loss (2,321) (2,105)
Total Corning Incorporated shareholders’ equity 12,560 11,807
Non-controlling interest 567 500
Total equity 13,127 12,307
Total Liabilities and Equity $ 32,956 $ 30,976