2023 Q1 Form 10-K Financial Statement

#000143774923003123 Filed on February 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $3.178B $3.406B $14.19B
YoY Change -13.64% -7.34% 0.76%
Cost Of Revenue $2.175B $2.491B $9.683B
YoY Change -9.26% 3.58% 7.36%
Gross Profit $1.003B $915.0M $4.506B
YoY Change -21.82% -28.01% -11.0%
Gross Profit Margin 31.56% 26.86% 31.76%
Selling, General & Admin $421.0M $517.0M $1.898B
YoY Change -3.0% 8.61% 3.89%
% of Gross Profit 41.97% 56.5% 42.12%
Research & Development $254.0M $281.0M $1.047B
YoY Change 2.42% 0.36% 30.88%
% of Gross Profit 25.32% 30.71% 23.24%
Depreciation & Amortization $310.0M $346.0M $1.452B
YoY Change -9.36% -8.71% 7.4%
% of Gross Profit 30.91% 37.81% 32.22%
Operating Expenses $421.0M $829.0M $3.068B
YoY Change -3.0% 5.2% 16.79%
Operating Profit $297.0M $86.00M $1.438B
YoY Change -47.89% -82.19% -31.91%
Interest Expense -$77.00M $24.00M $74.00M
YoY Change -226.23% -7.69% -26.0%
% of Operating Profit -25.93% 27.91% 5.15%
Other Income/Expense, Net $8.000M -$106.0M $285.0M
YoY Change -93.85% -258.21% 54.05%
Pretax Income $228.0M $4.000M $1.797B
YoY Change -70.04% -99.31% -25.03%
Income Tax $37.00M $31.00M $411.0M
% Of Pretax Income 16.23% 775.0% 22.87%
Net Earnings $176.0M -$36.00M $1.316B
YoY Change -69.71% -107.39% -30.95%
Net Earnings / Revenue 5.54% -1.06% 9.27%
Basic Earnings Per Share $0.21 $1.56
Diluted Earnings Per Share $0.20 -$42.70K $1.536M
COMMON SHARES
Basic Shares Outstanding 846.6M 845.8M 843.0M
Diluted Shares Outstanding 859.0M 857.0M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.146B $1.671B $1.671B
YoY Change -43.15% -22.21% -22.21%
Cash & Equivalents $1.146B $1.671B $1.671B
Short-Term Investments
Other Short-Term Assets $1.180B $1.157B $1.157B
YoY Change -10.4% 12.77% 12.77%
Inventory $2.863B $2.904B $2.904B
Prepaid Expenses
Receivables $1.688B $1.664B $1.664B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.877B $7.396B $7.396B
YoY Change -12.52% -3.43% -3.43%
LONG-TERM ASSETS
Property, Plant & Equipment $15.14B $15.37B $15.37B
YoY Change -4.07% -2.74% -7.1%
Goodwill $2.394B $2.394B
YoY Change -0.58% -1.12%
Intangibles $1.002B $1.029B
YoY Change -10.38% -10.37%
Long-Term Investments $261.0M $360.0M
YoY Change -1.14% 9.76%
Other Assets $2.306B $3.252B $3.252B
YoY Change 11.94% 58.17% 90.96%
Total Long-Term Assets $21.95B $22.05B $22.05B
YoY Change -2.01% -2.0% -2.0%
TOTAL ASSETS
Total Short-Term Assets $6.877B $7.396B $7.396B
Total Long-Term Assets $21.95B $22.05B $22.05B
Total Assets $28.82B $29.44B $29.44B
YoY Change -4.74% -2.36% -2.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.662B $1.804B $1.804B
YoY Change -10.11% 11.91% 11.91%
Accrued Expenses $2.914B $3.090B $3.090B
YoY Change -5.76% -1.56% 236.6%
Deferred Revenue $165.0M $132.0M
YoY Change -30.08% -40.81%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $197.0M $224.0M $224.0M
YoY Change 64.17% 307.27% 307.27%
Total Short-Term Liabilities $4.773B $5.118B $5.118B
YoY Change -5.69% 6.49% 6.49%
LONG-TERM LIABILITIES
Long-Term Debt $6.654B $6.687B $6.687B
YoY Change -2.71% -4.32% -4.32%
Other Long-Term Liabilities $4.783B $5.362B $5.362B
YoY Change -6.36% 3.27% -3.49%
Total Long-Term Liabilities $4.783B $12.05B $12.05B
YoY Change -6.36% 132.07% -3.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.773B $5.118B $5.118B
Total Long-Term Liabilities $4.783B $12.05B $12.05B
Total Liabilities $16.62B $17.43B $17.43B
YoY Change -5.75% -0.99% -2.17%
SHAREHOLDERS EQUITY
Retained Earnings $16.71B $16.78B
YoY Change -0.14% 2.37%
Common Stock $17.66B $17.59B
YoY Change 1.25% 1.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $20.53B
YoY Change 1.33%
Treasury Stock Shares $977.0M
Shareholders Equity $11.93B $12.01B $12.01B
YoY Change
Total Liabilities & Shareholders Equity $28.82B $29.44B $29.44B
YoY Change -4.74% -2.36% -2.36%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $176.0M -$36.00M $1.316B
YoY Change -69.71% -107.39% -30.95%
Depreciation, Depletion And Amortization $310.0M $346.0M $1.452B
YoY Change -9.36% -8.71% 7.4%
Cash From Operating Activities -$49.00M $617.0M $2.615B
YoY Change -109.18% -39.69% -23.36%
INVESTING ACTIVITIES
Capital Expenditures $382.0M -$403.0M -$1.604B
YoY Change -199.74% -35.31% -2.02%
Acquisitions
YoY Change
Other Investing Activities -$6.000M $17.00M $249.0M
YoY Change -166.67% 142.86% 369.81%
Cash From Investing Activities -$228.0M -$386.0M -$1.355B
YoY Change -17.99% -37.34% -4.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$688.0M
YoY Change -351.09%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$248.0M -219.0M -1.649B
YoY Change -33.87% -52.6% -32.75%
NET CHANGE
Cash From Operating Activities -$49.00M 617.0M 2.615B
Cash From Investing Activities -$228.0M -386.0M -1.355B
Cash From Financing Activities -$248.0M -219.0M -1.649B
Net Change In Cash -$525.0M 12.00M -389.0M
YoY Change 297.73% -121.82% -25.76%
FREE CASH FLOW
Cash From Operating Activities -$49.00M $617.0M $2.615B
Capital Expenditures $382.0M -$403.0M -$1.604B
Free Cash Flow -$431.0M $1.020B $4.219B
YoY Change -147.0% -38.03% -16.44%

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i>Use of Estimates</i></b></p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions affecting reported amounts of assets, liabilities, revenue, expenses and the disclosure of contingent assets and liabilities in the consolidated financial statements and related notes. Significant estimates and assumptions in these consolidated financial statements include estimates associated with revenue recognition, restructuring charges, goodwill and long-lived asset impairment tests, estimates of fair value of acquired assets and liabilities, estimates of fair value of investments, equity interests, environmental and legal liabilities, income taxes and deferred tax valuation allowances, assumptions used in calculating pension and other postretirement employee benefit expenses and the fair value of share-based compensation. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods <em style="font: inherit;"> may </em>be different from these estimates.</p>
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3500000000 usd
CY2022 us-gaap Depletion
Depletion
27000000 usd
CY2021 us-gaap Depletion
Depletion
28000000 usd
CY2020 us-gaap Depletion
Depletion
24000000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
48000000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
36000000 usd
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
58000000 usd
CY2020Q4 us-gaap Goodwill
Goodwill
2460000000 usd
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-39000000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
2421000000 usd
CY2022 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
5000000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-32000000 usd
CY2022Q4 us-gaap Goodwill
Goodwill
2394000000 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
8900000000 usd
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
6500000000 usd
CY2022Q4 glw Share Repurchase Liability Current
ShareRepurchaseLiabilityCurrent
506000000 usd
CY2021Q4 glw Share Repurchase Liability Current
ShareRepurchaseLiabilityCurrent
506000000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
824000000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
127000000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
196000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1957000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
928000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1029000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1962000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
814000000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1148000000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
123000000 usd
CY2022 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
9000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
119000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
123000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
121000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
101000000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
94000000 usd
CY2022Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
454000000 usd
CY2021Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
336000000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
703000000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
690000000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1157000000 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1026000000 usd
CY2022Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
224000000 usd
CY2021Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
164000000 usd
CY2022Q4 glw Receivable Noncurrent Disputed Tax Deposit
ReceivableNoncurrentDisputedTaxDeposit
349000000 usd
CY2021Q4 glw Receivable Noncurrent Disputed Tax Deposit
ReceivableNoncurrentDisputedTaxDeposit
350000000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
842000000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
741000000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
360000000 usd
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
318000000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
404000000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
483000000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2179000000 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2056000000 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
174000000 usd
CY2021Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
144000000 usd
CY2022Q4 glw Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
144000000 usd
CY2021Q4 glw Contract With Customer Liability Deferred Revenue Current
ContractWithCustomerLiabilityDeferredRevenueCurrent
148000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
132000000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
223000000 usd
CY2022Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
111000000 usd
CY2021Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
94000000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1226000000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1004000000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3147000000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3139000000 usd
CY2022Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
668000000 usd
CY2021Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
707000000 usd
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
17000000 usd
CY2021Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
49000000 usd
CY2022Q4 glw Contract With Customer Liability Deferred Revenue Noncurrent
ContractWithCustomerLiabilityDeferredRevenueNoncurrent
725000000 usd
CY2021Q4 glw Contract With Customer Liability Deferred Revenue Noncurrent
ContractWithCustomerLiabilityDeferredRevenueNoncurrent
764000000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1072000000 usd
CY2022Q4 glw Share Repurchase Liability Noncurrent
ShareRepurchaseLiabilityNoncurrent
17000000 usd
CY2021Q4 glw Share Repurchase Liability Noncurrent
ShareRepurchaseLiabilityNoncurrent
517000000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
243000000 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
258000000 usd
CY2022Q4 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
795000000 usd
CY2021Q4 us-gaap Accrued Rent Noncurrent
AccruedRentNoncurrent
691000000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1353000000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
1134000000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
4955000000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
5192000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
6911000000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
7044000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
224000000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
55000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6687000000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6989000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
6700000000 usd
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
7000000000.0 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
224000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
284000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
169000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
29000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
403000000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalAfterYearFive
5845000000 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
828000000
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
3406000000 usd
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
4358000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
2712000000 usd
CY2021Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Plan Assets
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsPlanAssets
3627000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
3238000000 usd
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
4110000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
2712000000 usd
CY2021Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
3627000000 usd
CY2022Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.05 pure
CY2021Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.05 pure
CY2022 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate
2031
CY2021 us-gaap Defined Benefit Plan Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate
DefinedBenefitPlanYearHealthCareCostTrendRateReachesUltimateTrendRate
2027
CY2022 glw Credit Risk Of Plan Assets Long Duration Corporate Bonds
CreditRiskOfPlanAssetsLongDurationCorporateBonds
0.54 pure
CY2022Q4 glw Liquidity Risk Longterm Investments In Private Equity And Real Estate
LiquidityRiskLongtermInvestmentsInPrivateEquityAndRealEstate
0.01 pure
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
117000000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
98000000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
76000000 usd
CY2022Q4 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
20000000 usd
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
10193000000 usd
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
13543000000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
678000000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
500000000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
191000000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
193000000 usd
CY2022Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
19000000 usd
CY2021Q4 us-gaap Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
52000000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
52000000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
47000000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Reclassification For Discontinuance Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeReclassificationForDiscontinuanceBeforeTax
14000000 usd
CY2022Q4 glw Other Current Assets Fair Value Disclosure
OtherCurrentAssetsFairValueDisclosure
505000000 usd
CY2021Q4 glw Other Current Assets Fair Value Disclosure
OtherCurrentAssetsFairValueDisclosure
352000000 usd
CY2022Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
225000000 usd
CY2021Q4 us-gaap Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
175000000 usd
CY2022Q4 us-gaap Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
174000000 usd
CY2021Q4 us-gaap Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
144000000 usd
CY2022Q4 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
34000000 usd
CY2021Q4 us-gaap Other Liabilities Fair Value Disclosure
OtherLiabilitiesFairValueDisclosure
66000000 usd
CY2020 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
22000000 usd
CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
22000000 usd
CY2022 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
58000000 usd
CY2021 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
52000000 usd
CY2020 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
1316000000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
NetIncomeLoss
512000000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
24000000 usd
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
98000000 usd
CY2021 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
803000000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1316000000 usd
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
761000000
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
14000000
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
16000000
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
11000000
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.54
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
857000000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
844000000
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.28
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1079000000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
414000000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
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1316000000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Earnings Per Share Basic
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1.56
CY2021 us-gaap Earnings Per Share Basic
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1.30
CY2020 us-gaap Earnings Per Share Basic
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y9M10D
CY2020 us-gaap Earnings Per Share Diluted
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CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2021 us-gaap Allocated Share Based Compensation Expense
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CY2020 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
32000000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11904000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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22.31
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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2010000
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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19.80
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
229000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
18.66
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9665000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
89986000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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9650000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
22.92
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
89805000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
7895000
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
23.65
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y5M4D
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
68233000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
40000000 usd
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.329 pure
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0448 pure
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.005 pure
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P7Y4M24D
CY2020 glw Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Pre Vesting Executive Departure Rate
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsPreVestingExecutiveDepartureRate
0.006 pure
CY2020 glw Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Prevesting Nonexecutive Departure Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsPrevestingNonexecutiveDepartureRate
0.025 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Revenues
Revenues
14189000000 usd
CY2021 us-gaap Revenues
Revenues
14082000000 usd
CY2020 us-gaap Revenues
Revenues
11303000000 usd
CY2020Q1 glw Revenue Cumulative Adjustments
RevenueCumulativeAdjustments
-105000000 usd
CY2020Q1 glw Revenue Cumulative Adjustments
RevenueCumulativeAdjustments
-105000000 usd
CY2022Q4 us-gaap Assets
Assets
29499000000 usd
CY2021Q4 us-gaap Assets
Assets
30154000000 usd
CY2020Q4 us-gaap Assets
Assets
30775000000 usd
CY2020Q1 glw Revenue Cumulative Adjustments
RevenueCumulativeAdjustments
-105000000 usd
CY2022 glw Sales Revenue Goods Before Foreign Currency Translations
SalesRevenueGoodsBeforeForeignCurrencyTranslations
294000000 usd
CY2022Q4 us-gaap Noncurrent Assets
NoncurrentAssets
67000000 usd
CY2021 glw Sales Revenue Goods Before Foreign Currency Translations
SalesRevenueGoodsBeforeForeignCurrencyTranslations
272000000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
68000000 usd
CY2020 glw Sales Revenue Goods Before Foreign Currency Translations
SalesRevenueGoodsBeforeForeignCurrencyTranslations
261000000 usd
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
83000000 usd

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0001437749-23-003123-index-headers.html Edgar Link pending
0001437749-23-003123-index.html Edgar Link pending
0001437749-23-003123.txt Edgar Link pending
0001437749-23-003123-xbrl.zip Edgar Link pending
ex_391223.htm Edgar Link pending
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