CORNING INC /NY
For the period ended Jun 30, 2025. Filed Aug 1, 2025.
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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, 2025 · Filed Aug 1, 2025
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 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,491 | $1,768 |
| Trade accounts receivable, net of doubtful accounts - $31 and $33 | 2,298 | 2,053 |
| Inventories (Note 7) | 3,084 | 2,724 |
| Other current assets | 1,323 | 1,447 |
| Total current assets | 8,196 | 7,992 |
| Property, plant and equipment, net of accumulated depreciation - $15,020 and $14,492 | 13,881 | 13,359 |
| Goodwill | 2,492 | 2,363 |
| Other intangible assets, net | 711 | 752 |
| Deferred income taxes (Note 4) | 1,187 | 1,130 |
| Other assets | 2,278 | 2,139 |
| Total Assets | $28,745 | $27,735 |
| Liabilities and Equity | ||
| Current liabilities: | ||
| Current portion of long-term debt and short-term borrowings (Note 9) | $786 | $326 |
| Accounts payable | 1,931 | 1,472 |
| Other accrued liabilities (Notes 8 and 12) | 2,758 | 3,121 |
| Total current liabilities | 5,475 | 4,919 |
| Long-term debt (Note 9) | 6,714 | 6,885 |
| Postretirement benefits other than pensions (Note 10) | 302 | 336 |
| Other liabilities (Notes 8 and 12) | 4,709 | 4,525 |
| Total liabilities | 17,200 | 16,665 |
| Commitments and contingencies (Note 12) | ||
| Shareholders’ equity (Note 14): | ||
| Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion | 923 | 921 |
| Additional paid-in capital – common stock | 17,389 | 17,264 |
| Retained earnings | 15,823 | 15,926 |
| Treasury stock, at cost; Shares held: 991 million and 987 million | (21,085) | (20,882) |
| Accumulated other comprehensive loss | (1,934) | (2,543) |
| Total Corning Incorporated shareholders’ equity | 11,116 | 10,686 |
| Non-controlling interest | 429 | 384 |
| Total equity | 11,545 | 11,070 |
| Total Liabilities and Equity | $28,745 | $27,735 |
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