CORNING INC /NY
For the period ended Jun 30, 2026. Filed Jul 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 29, 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 |
|---|---|
| (Unaudited; in millions, except share and per share amounts) | |
| June 30,2026 | December 31,2025 | |
|---|---|---|
| Assets | ||
| 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 |
| Liabilities and Equity | ||
| 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 |
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