CORNING INC NY
For the period ended Dec 31, 2023. Filed Feb 12, 2024.
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FY2023 · Filed Feb 12, 2024
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 Statements of Changes in Shareholders’ Equity
| Consolidated Statements of Changes in Shareholders’ Equity | Corning Incorporated and Subsidiary Companies |
|---|
| Additional · Accumulated · Total Corning | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Convertible · paid-in · other · Incorporated · Non- | ||||||||||
| preferred · Common · capital · Retained · Treasury · comprehensive · shareholders’ · controlling | ||||||||||
| (in millions) · stock · stock · common · earnings · stock · loss · equity · interest · Total | ||||||||||
| Balance as of December 31, 2020 | $2,300 | $863 | $14,642 | $16,120 | $(19,928) | $(740) | $13,257 | $191 | $13,448 | |
| Net income | 1,906 | 1,906 | 29 | 1,935 | ||||||
| Other comprehensive loss | (435) | (435) | (1) | (436) | ||||||
| Redemption of preferred stock (1) | (700) | (803) | (1,503) | (1,503) | ||||||
| Conversion of preferred stock to common stock (1) | (1,600) | 40 | 1,560 | - | - | |||||
| Purchase of common stock for treasury | (274) | (274) | (274) | |||||||
| Shares issued to benefit plans and for option exercises | 4 | 273 | 277 | 277 | ||||||
| Common dividends ($0.96 per share) | (812) | (812) | (812) | |||||||
| Preferred dividends ($10,625 per share) | (24) | (24) | (24) | |||||||
| Other, net (2) | 2 | (61) | (59) | (7) | (66) | |||||
| Balance as of December 31, 2021 | $ | - | $907 | $16,475 | $16,389 | $(20,263) | $(1,175) | $12,333 | $212 | $12,545 |
| Net income | 1,316 | 1,316 | 70 | 1,386 | ||||||
| Other comprehensive loss | (655) | (655) | (2) | (657) | ||||||
| Purchase of common stock for treasury | (221) | (221) | (221) | |||||||
| Shares issued to benefit plans and for option exercises | 3 | 207 | 210 | 210 | ||||||
| Common dividends ($1.08 per share) | (926) | (926) | (926) | |||||||
| Other, net (2) | (1) | (48) | (49) | (13) | (62) | |||||
| Balance as of December 31, 2022 | $ | - | $910 | $16,682 | $16,778 | $(20,532) | $(1,830) | $12,008 | $267 | $12,275 |
| Net income | 581 | 581 | 67 | 648 | ||||||
| Other comprehensive loss | (218) | (218) | (1) | (219) | ||||||
| Shares issued to benefit plans and for option exercises | 6 | 247 | 253 | 253 | ||||||
| Common dividends ($1.12 per share) | (968) | (968) | (968) | |||||||
| Other, net (2) | (105) | (105) | (16) | (121) | ||||||
| Balance as of December 31, 2023 | $ | - | $916 | $16,929 | $16,391 | $(20,637) | $(2,048) | $11,551 | $317 | $11,868 |
| (1) | Refer to Note 14 (Shareholders’ Equity) in the accompanying notes to the consolidated financial statements for additional information. |
| (2) | Treasury stock includes the deemed surrender to the Company of common stock to satisfy employee tax withholding obligations |
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