2020 Q1 Form 10-Q Financial Statement
#000002474120000029 Filed on May 05, 2020
Income Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
Revenue | $2.391B | $2.812B |
YoY Change | -14.97% | 12.48% |
Cost Of Revenue | $1.830B | $1.713B |
YoY Change | 6.83% | 10.87% |
Gross Profit | $561.0M | $1.099B |
YoY Change | -48.95% | 15.08% |
Gross Profit Margin | 23.46% | 39.08% |
Selling, General & Admin | $395.0M | $401.0M |
YoY Change | -1.5% | -19.96% |
% of Gross Profit | 70.41% | 36.49% |
Research & Development | $261.0M | $249.0M |
YoY Change | 4.82% | 3.32% |
% of Gross Profit | 46.52% | 22.66% |
Depreciation & Amortization | $356.0M | $306.0M |
YoY Change | 16.34% | 0.66% |
% of Gross Profit | 63.46% | 27.84% |
Operating Expenses | $395.0M | $401.0M |
YoY Change | -1.5% | -19.96% |
Operating Profit | -$121.0M | $420.0M |
YoY Change | -128.81% | 116.49% |
Interest Expense | $25.00M | $162.0M |
YoY Change | -84.57% | -125.27% |
% of Operating Profit | 38.57% | |
Other Income/Expense, Net | -$11.00M | -$9.000M |
YoY Change | 22.22% | -75.68% |
Pretax Income | -$108.0M | $575.0M |
YoY Change | -118.78% | -223.66% |
Income Tax | -$12.00M | $76.00M |
% Of Pretax Income | 13.22% | |
Net Earnings | -$96.00M | $499.0M |
YoY Change | -119.24% | -184.72% |
Net Earnings / Revenue | -4.02% | 17.75% |
Basic Earnings Per Share | -$0.16 | $0.61 |
Diluted Earnings Per Share | -$0.16 | $0.55 |
COMMON SHARES | ||
Basic Shares Outstanding | 760.0M | 784.0M |
Diluted Shares Outstanding | 760.0M | 908.0M |
Balance Sheet
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $2.025B | $1.456B |
YoY Change | 39.08% | -52.97% |
Cash & Equivalents | $2.025B | $1.456B |
Short-Term Investments | ||
Other Short-Term Assets | $866.0M | $729.0M |
YoY Change | 18.79% | -26.06% |
Inventory | $2.347B | $2.190B |
Prepaid Expenses | ||
Receivables | $1.708B | $1.974B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $6.946B | $6.349B |
YoY Change | 9.4% | -17.15% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $14.93B | $14.88B |
YoY Change | 0.36% | 3.2% |
Goodwill | $1.918B | $1.930B |
YoY Change | -0.62% | |
Intangibles | $1.149B | $1.265B |
YoY Change | -9.17% | |
Long-Term Investments | $320.0M | $346.0M |
YoY Change | -7.51% | 0.29% |
Other Assets | $1.413B | $1.502B |
YoY Change | -5.93% | -19.29% |
Total Long-Term Assets | $20.91B | $20.97B |
YoY Change | -0.28% | 9.39% |
TOTAL ASSETS | ||
Total Short-Term Assets | $6.946B | $6.349B |
Total Long-Term Assets | $20.91B | $20.97B |
Total Assets | $27.86B | $27.32B |
YoY Change | 1.97% | 1.81% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.250B | $1.278B |
YoY Change | -2.19% | 9.79% |
Accrued Expenses | $1.929B | $1.774B |
YoY Change | 8.74% | 220.8% |
Deferred Revenue | $192.0M | $84.00M |
YoY Change | 128.57% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $12.00M | $7.000M |
YoY Change | 71.43% | -98.16% |
Total Short-Term Liabilities | $3.191B | $3.059B |
YoY Change | 4.32% | 2.14% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $7.815B | $6.018B |
YoY Change | 29.86% | 25.17% |
Other Long-Term Liabilities | $3.895B | $3.879B |
YoY Change | 0.41% | -3.72% |
Total Long-Term Liabilities | $3.895B | $3.879B |
YoY Change | 0.41% | -56.11% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.191B | $3.059B |
Total Long-Term Liabilities | $3.895B | $3.879B |
Total Liabilities | $15.57B | $13.62B |
YoY Change | 14.37% | 9.61% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $16.11B | $16.49B |
YoY Change | -2.27% | |
Common Stock | $15.20B | $15.10B |
YoY Change | 0.66% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $19.92B | $19.12B |
YoY Change | 4.2% | |
Treasury Stock Shares | $960.0M | $933.0M |
Shareholders Equity | $12.20B | $13.61B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $27.86B | $27.32B |
YoY Change | 1.97% | 1.81% |
Cashflow Statement
Concept | 2020 Q1 | 2019 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$96.00M | $499.0M |
YoY Change | -119.24% | -184.72% |
Depreciation, Depletion And Amortization | $356.0M | $306.0M |
YoY Change | 16.34% | 0.66% |
Cash From Operating Activities | $248.0M | -$29.00M |
YoY Change | -955.17% | -109.06% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$545.0M | -$524.0M |
YoY Change | 4.01% | -20.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $5.000M | -$21.00M |
YoY Change | -123.81% | -1150.0% |
Cash From Investing Activities | -$539.0M | -$483.0M |
YoY Change | 11.59% | -25.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $105.0M | $257.0M |
YoY Change | -59.14% | -67.88% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -$94.00M | -393.0M |
YoY Change | -76.08% | -59.02% |
NET CHANGE | ||
Cash From Operating Activities | $248.0M | -29.00M |
Cash From Investing Activities | -$539.0M | -483.0M |
Cash From Financing Activities | -$94.00M | -393.0M |
Net Change In Cash | -$409.0M | -899.0M |
YoY Change | -54.51% | -26.37% |
FREE CASH FLOW | ||
Cash From Operating Activities | $248.0M | -$29.00M |
Capital Expenditures | -$545.0M | -$524.0M |
Free Cash Flow | $793.0M | $495.0M |
YoY Change | 60.2% | -49.23% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2020Q1 | dei |
Document Type
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10-Q | |
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Q1 | |
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2020 | |
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CORNING INC /NY | |
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One Riverfront Plaza | |
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Corning | |
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CY2020Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
19918000000 | |
CY2019Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
19812000000 | |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1497000000 | |
CY2019Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-1171000000 | |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12198000000 | |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
12907000000 | |
CY2020Q1 | us-gaap |
Minority Interest
MinorityInterest
|
89000000 | |
CY2019Q4 | us-gaap |
Minority Interest
MinorityInterest
|
90000000 | |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
12287000000 | |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
12997000000 | |
CY2020Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
27859000000 | |
CY2019Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
28898000000 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-96000000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
499000000 | |
CY2020Q1 | us-gaap |
Depreciation
Depreciation
|
356000000 | |
CY2019Q1 | us-gaap |
Depreciation
Depreciation
|
306000000 | |
CY2020Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
26000000 | |
CY2019Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
29000000 | |
CY2020Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-60000000 | |
CY2020Q1 | us-gaap |
Severance Costs1
SeveranceCosts1
|
77000000 | |
CY2020Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
14000000 | |
CY2019Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
25000000 | |
CY2020Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-40000000 | |
CY2019Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-40000000 | |
CY2020Q1 | us-gaap |
Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
|
125000000 | |
CY2019Q1 | us-gaap |
Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
|
2000000 | |
CY2020Q1 | glw |
Translated Earnings Contract Gain Loss Net
TranslatedEarningsContractGainLossNet
|
68000000 | |
CY2019Q1 | glw |
Translated Earnings Contract Gain Loss Net
TranslatedEarningsContractGainLossNet
|
184000000 | |
CY2020Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-33000000 | |
CY2019Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
|
-8000000 | |
CY2020Q1 | glw |
Tax Assessment Refunds
TaxAssessmentRefunds
|
-101000000 | |
CY2020Q1 | glw |
Severence Payments
SeverencePayments
|
-75000000 | |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-43000000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
36000000 | |
CY2020Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
67000000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
159000000 | |
CY2020Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
10000000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
97000000 | |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-207000000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-299000000 | |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-4000000 | |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
33000000 | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
248000000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29000000 | |
CY2020Q1 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
545000000 | |
CY2019Q1 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
524000000 | |
CY2020Q1 | us-gaap |
Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
|
11000000 | |
CY2019Q1 | us-gaap |
Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
|
20000000 | |
CY2020Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
5000000 | |
CY2019Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-21000000 | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-539000000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-483000000 | |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
|
200000000 | |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
105000000 | |
CY2019Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
257000000 | |
CY2020Q1 | us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
192000000 | |
CY2019Q1 | us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
181000000 | |
CY2020Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
3000000 | |
CY2019Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
45000000 | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-94000000 | |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-393000000 | |
CY2020Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-24000000 | |
CY2019Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6000000 | |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-409000000 | |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-899000000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2434000000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2355000000 | |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2025000000 | |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1456000000 | |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
12997000000 | |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-96000000 | |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-327000000 | |
CY2020Q1 | us-gaap |
Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
|
105000000 | |
CY2020Q1 | glw |
Shares Issued To Benefit Plans And For Option Exercises
SharesIssuedToBenefitPlansAndForOptionExercises
|
17000000 | |
CY2020Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.22 | |
CY2020Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
168000000 | |
CY2020Q1 | us-gaap |
Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
|
10625 | |
CY2020Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
24000000 | |
CY2020Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
7000000 | |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
12287000000 | |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13886000000 | |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
505000000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-156000000 | |
CY2019Q1 | us-gaap |
Treasury Stock Value Acquired Par Value Method
TreasuryStockValueAcquiredParValueMethod
|
244000000 | |
CY2019Q1 | glw |
Shares Issued To Benefit Plans And For Option Exercises
SharesIssuedToBenefitPlansAndForOptionExercises
|
31000000 | |
CY2019Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.20 | |
CY2019Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
158000000 | |
CY2019Q1 | us-gaap |
Preferred Stock Dividends Per Share Cash Paid
PreferredStockDividendsPerShareCashPaid
|
10625 | |
CY2019Q1 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
24000000 | |
CY2019Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
134000000 | |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13706000000 | |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
2391000000 | |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
2812000000 | |
CY2020Q1 | glw |
Revenue Net
RevenueNet
|
2529000000 | |
CY2019Q1 | glw |
Revenue Net
RevenueNet
|
2850000000 | |
CY2020Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1100000000 | |
CY2019Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1000000000.0 | |
CY2020Q1 | glw |
Long Term Supply Commitment Period
LongTermSupplyCommitmentPeriod
|
P10Y | |
CY2020Q1 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
41000000 | |
CY2019Q1 | us-gaap |
Contract With Customer Performance Obligation Satisfied In Previous Period
ContractWithCustomerPerformanceObligationSatisfiedInPreviousPeriod
|
0 | |
CY2020Q1 | us-gaap |
Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
|
54000000 | |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-12000000 | |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
76000000 | |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.111 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.132 | |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-96000000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
499000000 | |
CY2020Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
24000000 | |
CY2019Q1 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
24000000 | |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-120000000 | |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
475000000 | |
CY2019Q1 | us-gaap |
Convertible Preferred Dividends Net Of Tax
ConvertiblePreferredDividendsNetOfTax
|
24000000 | |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-120000000 | |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
499000000 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
760000000 | |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
784000000 | |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
760000000 | |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
908000000 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.16 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.61 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.16 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.55 | |
CY2020Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
126000000 | |
CY2020Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
465000000 | |
CY2019Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
565000000 | |
CY2020Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
169000000 | |
CY2019Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
182000000 | |
CY2020Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
143000000 | |
CY2019Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
100000000 | |
CY2020Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
991000000 | |
CY2019Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
973000000 | |
CY2020Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
432000000 | |
CY2019Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
421000000 | |
CY2020Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
475000000 | |
CY2019Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
481000000 | |
CY2020Q1 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
449000000 | |
CY2019Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
445000000 | |
CY2020Q1 | us-gaap |
Inventory Net
InventoryNet
|
2347000000 | |
CY2019Q4 | us-gaap |
Inventory Net
InventoryNet
|
2320000000 | |
CY2020Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
7800000000 | |
CY2019Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
7700000000 | |
CY2020Q1 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
56000000 | |
CY2019Q4 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
57000000 | |
CY2020Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
192000000 | |
CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
104000000 | |
CY2020Q1 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
75000000 | |
CY2019Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
62000000 | |
CY2020Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
829000000 | |
CY2019Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
853000000 | |
CY2020Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1929000000 | |
CY2019Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1923000000 | |
CY2020Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
970000000 | |
CY2019Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
980000000 | |
CY2020Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
150000000 | |
CY2019Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
165000000 | |
CY2020Q1 | us-gaap |
Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
|
195000000 | |
CY2019Q4 | us-gaap |
Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
|
196000000 | |
CY2020Q1 | glw |
Investment Liabilities Noncurrent
InvestmentLiabilitiesNoncurrent
|
253000000 | |
CY2019Q4 | glw |
Investment Liabilities Noncurrent
InvestmentLiabilitiesNoncurrent
|
270000000 | |
CY2020Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
907000000 | |
CY2019Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
927000000 | |
CY2020Q1 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
251000000 | |
CY2019Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
325000000 | |
CY2020Q1 | us-gaap |
Accrued Rent Noncurrent
AccruedRentNoncurrent
|
560000000 | |
CY2019Q4 | us-gaap |
Accrued Rent Noncurrent
AccruedRentNoncurrent
|
450000000 | |
CY2020Q1 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
609000000 | |
CY2019Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
667000000 | |
CY2020Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3895000000 | |
CY2019Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
3980000000 | |
CY2020Q1 | us-gaap |
Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
|
19987000000 | |
CY2019Q4 | us-gaap |
Derivative Asset Notional Amount
DerivativeAssetNotionalAmount
|
16104000000 | |
CY2020Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
283000000 | |
CY2019Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
249000000 | |
CY2020Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
293000000 | |
CY2019Q4 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
0 | |
CY2020Q1 | us-gaap |
Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
|
0 | |
CY2019Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
265000000 | |
CY2020Q1 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
|
0 | |
CY2019 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
369000000 | |
CY2019Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
0 | |
CY2020Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
0 | |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2020Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
CY2020Q1 | glw |
Sales Revenue Goods Before Foreign Currency Translations
SalesRevenueGoodsBeforeForeignCurrencyTranslations
|
2529000000 | |
CY2019Q1 | glw |
Sales Revenue Goods Before Foreign Currency Translations
SalesRevenueGoodsBeforeForeignCurrencyTranslations
|
2850000000 | |
CY2020Q1 | glw |
Foreign Currency Translations Not Included In Segment
ForeignCurrencyTranslationsNotIncludedInSegment
|
-33000000 | |
CY2019Q1 | glw |
Foreign Currency Translations Not Included In Segment
ForeignCurrencyTranslationsNotIncludedInSegment
|
-38000000 | |
CY2020Q1 | glw |
Cumulative Adjustment Related To Customer Contract
CumulativeAdjustmentRelatedToCustomerContract
|
-105000000 | |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
2391000000 | |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
2812000000 | |
CY2020Q1 | glw |
Cumulative Adjustment Related To Customer Contract
CumulativeAdjustmentRelatedToCustomerContract
|
-105000000 |