CORNING INC NY

For the period ended Dec 31, 2023. Filed Feb 12, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 12, 2024

GLW$115.95+9.3%Stored close · as of Nov 9, 2026

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Contents

9. Other Assets and Other Liabilities

Other assets consisted of the following (in millions):

	December 31,
	2023	2022
Current assets:
Derivative instruments (Note 13)	$501	$454
Other current assets	694	703
Other current assets	$1,195	$1,157
Non-current assets:
Derivative instruments (Note 13)	$130	$224
South Korean tax deposits (Note 6)	261	349
Operating leases (Note 5)	883	842
Investments	414	360
Other non-current assets	532	404
Other assets	$2,220	$2,179

Other liabilities consisted of the following (in millions):

	December 31,
	2023	2022
Current liabilities:
Wages and employee benefits	$609	$727
Income taxes (Note 6)	69	127
Derivative instruments (Note 13)	66	174
Deferred revenue (Note 3)	181	144
Customer deposits (Note 3)	148	132
Share repurchase liability (Note 14)		506
Short-term operating leases (Note 5)	112	111
Other current liabilities	1,348	1,226
Other accrued liabilities	$2,533	$3,147
Non-current liabilities:
Defined benefit pension plan liabilities (Note 11)	$721	$668
Derivative instruments (Note 13)	31	17
Deferred revenue (Note 3)	679	725
Customer deposits (Note 3)	1,083	1,137
Deferred tax liabilities (Note 6)	218	243
Long-term operating leases (Note 5)	846	795
Other non-current liabilities	1,131	1,370
Other liabilities	$4,709	$4,955

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