CORNING INC /NY
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
GLW$115.95+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| Consolidated Balance Sheets | Corning Incorporated and Subsidiary Companies |
|---|
| December 31, | ||
|---|---|---|
| (in millions, except share and per share amounts) | 2025 | 2024 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,526 | $1,768 |
| Trade accounts receivable, net of doubtful accounts - $27 and $33 | 2,779 | 2,053 |
| Inventories (Note 5) | 3,077 | 2,724 |
| Other current assets (Note 9) | 1,554 | 1,447 |
| Total current assets | 8,936 | 7,992 |
| Property, plant and equipment, net of accumulated depreciation - $15,229 and $14,492 (Note 6) | 14,825 | 13,359 |
| Goodwill (Note 7) | 2,489 | 2,363 |
| Other intangible assets, net (Note 7) | 657 | 752 |
| Deferred income taxes (Note 15) | 1,515 | 1,130 |
| Other assets (Note 9) | 2,554 | 2,139 |
| Total Assets | $30,976 | $27,735 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Current portion of long-term debt and short-term borrowings (Note 10) | $804 | $326 |
| Accounts payable | 1,979 | 1,472 |
| Other accrued liabilities (Notes 9 and 12) | 2,845 | 3,121 |
| Total current liabilities | 5,628 | 4,919 |
| Long-term debt (Note 10) | 7,630 | 6,885 |
| Postretirement benefits other than pensions (Note 11) | 314 | 336 |
| Other liabilities (Notes 9 and 12) | 5,097 | 4,525 |
| Total liabilities | 18,669 | 16,665 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity: (Note 16) | ||
| Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion | 924 | 921 |
| Additional paid-in capital – common stock | 17,580 | 17,264 |
| Retained earnings | 16,551 | 15,926 |
| Treasury stock, at cost; Shares held: 992 million and 987 million | (21,143) | (20,882) |
| Accumulated other comprehensive loss | (2,105) | (2,543) |
| Total Corning Incorporated shareholders’ equity | 11,807 | 10,686 |
| Non-controlling interest | 500 | 384 |
| Total equity | 12,307 | 11,070 |
| Total Liabilities and Equity | $30,976 | $27,735 |
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