2024 Q2 Form 10-Q Financial Statement
#000143774924014319 Filed on May 02, 2024
Income Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
Revenue | $3.251B | $2.975B |
YoY Change | 0.25% | -6.39% |
Cost Of Revenue | $2.302B | $1.982B |
YoY Change | 3.23% | -8.87% |
Gross Profit | $949.0M | $993.0M |
YoY Change | -6.32% | -1.0% |
Gross Profit Margin | 29.19% | 33.38% |
Selling, General & Admin | $471.0M | $451.0M |
YoY Change | 7.05% | 7.13% |
% of Gross Profit | 49.63% | 45.42% |
Research & Development | $262.0M | $258.0M |
YoY Change | -0.38% | 1.57% |
% of Gross Profit | 27.61% | 25.98% |
Depreciation & Amortization | $337.0M | $337.0M |
YoY Change | -1.75% | 8.71% |
% of Gross Profit | 35.51% | 33.94% |
Operating Expenses | $763.0M | $739.0M |
YoY Change | 3.95% | 75.53% |
Operating Profit | $186.0M | $254.0M |
YoY Change | -33.33% | -14.48% |
Interest Expense | -$47.00M | -$32.00M |
YoY Change | -209.3% | -58.44% |
% of Operating Profit | -25.27% | -12.6% |
Other Income/Expense, Net | $33.00M | $74.00M |
YoY Change | -62.07% | 825.0% |
Pretax Income | $172.0M | $296.0M |
YoY Change | -57.95% | 29.82% |
Income Tax | $50.00M | $71.00M |
% Of Pretax Income | 29.07% | 23.99% |
Net Earnings | $104.0M | $209.0M |
YoY Change | -62.99% | 18.75% |
Net Earnings / Revenue | 3.2% | 7.03% |
Basic Earnings Per Share | $0.12 | $0.25 |
Diluted Earnings Per Share | $0.12 | $0.24 |
COMMON SHARES | ||
Basic Shares Outstanding | 856.6M | 853.5M |
Diluted Shares Outstanding | 864.0M | 862.0M |
Balance Sheet
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $1.419B | $1.365B |
YoY Change | -7.74% | 19.11% |
Cash & Equivalents | $1.419B | $1.365B |
Short-Term Investments | ||
Other Short-Term Assets | $1.299B | $1.272B |
YoY Change | -1.89% | 7.8% |
Inventory | $2.682B | $2.713B |
Prepaid Expenses | ||
Receivables | $1.721B | $1.621B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $7.121B | $6.971B |
YoY Change | -2.36% | 1.37% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $13.74B | $14.20B |
YoY Change | -6.4% | -6.2% |
Goodwill | $2.365B | $2.370B |
YoY Change | -0.71% | -1.0% |
Intangibles | $836.0M | $871.0M |
YoY Change | -13.99% | -13.07% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $3.115B | $3.207B |
YoY Change | -6.09% | 39.07% |
Total Long-Term Assets | $20.06B | $20.65B |
YoY Change | -6.06% | -5.91% |
TOTAL ASSETS | ||
Total Short-Term Assets | $7.121B | $6.971B |
Total Long-Term Assets | $20.06B | $20.65B |
Total Assets | $27.18B | $27.62B |
YoY Change | -5.12% | -4.18% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.466B | $1.476B |
YoY Change | -3.49% | -11.19% |
Accrued Expenses | $2.684B | $2.381B |
YoY Change | 376.73% | -18.29% |
Deferred Revenue | $178.0M | $164.0M |
YoY Change | 17.88% | -0.61% |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $376.0M | $318.0M |
YoY Change | 101.07% | 61.42% |
Total Short-Term Liabilities | $4.526B | $4.175B |
YoY Change | 2.61% | -12.53% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $6.908B | $7.050B |
YoY Change | -7.11% | 5.95% |
Other Long-Term Liabilities | $4.818B | $4.834B |
YoY Change | -1.07% | 1.07% |
Total Long-Term Liabilities | $11.73B | $11.88B |
YoY Change | -4.72% | 148.46% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $4.526B | $4.175B |
Total Long-Term Liabilities | $11.73B | $11.88B |
Total Liabilities | $16.59B | $16.39B |
YoY Change | -3.71% | -1.34% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $15.98B | $16.36B |
YoY Change | -3.23% | -2.12% |
Common Stock | $18.00B | $17.92B |
YoY Change | 1.51% | 1.46% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $20.80B | $20.67B |
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $10.59B | $11.23B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $27.18B | $27.62B |
YoY Change | -5.12% | -4.18% |
Cashflow Statement
Concept | 2024 Q2 | 2024 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $104.0M | $209.0M |
YoY Change | -62.99% | 18.75% |
Depreciation, Depletion And Amortization | $337.0M | $337.0M |
YoY Change | -1.75% | 8.71% |
Cash From Operating Activities | $521.0M | $96.00M |
YoY Change | -15.83% | -295.92% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $242.0M | $252.0M |
YoY Change | -37.63% | -34.03% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $88.00M | $68.00M |
YoY Change | -12.87% | -1233.33% |
Cash From Investing Activities | -$154.0M | -$184.0M |
YoY Change | -46.34% | -19.3% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -304.0M | -308.0M |
YoY Change | -461.9% | 24.19% |
NET CHANGE | ||
Cash From Operating Activities | 521.0M | 96.00M |
Cash From Investing Activities | -154.0M | -184.0M |
Cash From Financing Activities | -304.0M | -308.0M |
Net Change In Cash | 63.00M | -396.0M |
YoY Change | -84.86% | -24.57% |
FREE CASH FLOW | ||
Cash From Operating Activities | $521.0M | $96.00M |
Capital Expenditures | $242.0M | $252.0M |
Free Cash Flow | $279.0M | -$156.0M |
YoY Change | 20.78% | -63.81% |
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|
4435000000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
4709000000 | usd |
CY2024Q1 | us-gaap |
Liabilities
Liabilities
|
16059000000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
16632000000 | usd |
CY2024Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
917000000 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
916000000 | usd |
CY2024Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
16998000000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
16929000000 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
16358000000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
16391000000 | usd |
CY2024Q1 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
20672000000 | usd |
CY2023Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
20637000000 | usd |
CY2024Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2375000000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2048000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11226000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11551000000 | usd |
CY2024Q1 | us-gaap |
Minority Interest
MinorityInterest
|
333000000 | usd |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
317000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11559000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11868000000 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
27618000000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
28500000000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
225000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
191000000 | usd |
CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
307000000 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
310000000 | usd |
CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
30000000 | usd |
CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
31000000 | usd |
CY2024Q1 | glw |
Severence Payments
SeverencePayments
|
41000000 | usd |
CY2023Q1 | glw |
Severence Payments
SeverencePayments
|
20000000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
60000000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
52000000 | usd |
CY2024Q1 | glw |
Translation Gain Loss On Japanese Yen Denominated Debt
TranslationGainLossOnJapaneseYenDenominatedDebt
|
81000000 | usd |
CY2023Q1 | glw |
Translation Gain Loss On Japanese Yen Denominated Debt
TranslationGainLossOnJapaneseYenDenominatedDebt
|
18000000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
10000000 | usd |
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-38000000 | usd |
CY2024Q1 | glw |
Translated Earnings Contract Gain Loss Net
TranslatedEarningsContractGainLossNet
|
39000000 | usd |
CY2023Q1 | glw |
Translated Earnings Contract Gain Loss Net
TranslatedEarningsContractGainLossNet
|
-8000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
161000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
28000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
86000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-17000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-2000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
62000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-73000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-369000000 | usd |
CY2024Q1 | glw |
Increase Decrease In Customer Deposits And Incentives
IncreaseDecreaseInCustomerDepositsAndIncentives
|
-25000000 | usd |
CY2023Q1 | glw |
Increase Decrease In Customer Deposits And Incentives
IncreaseDecreaseInCustomerDepositsAndIncentives
|
-17000000 | usd |
CY2024Q1 | glw |
Increase Decrease In Deferred Income
IncreaseDecreaseInDeferredIncome
|
-34000000 | usd |
CY2023Q1 | glw |
Increase Decrease In Deferred Income
IncreaseDecreaseInDeferredIncome
|
-6000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-2000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
100000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
96000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-49000000 | usd |
CY2024Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
252000000 | usd |
CY2023Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
382000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
67000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
|
94000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
|
81000000 | usd |
CY2024Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
26000000 | usd |
CY2023Q1 | us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-6000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-184000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-228000000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
37000000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
69000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
54000000 | usd |
CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
34000000 | usd |
CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
16000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
13000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
16000000 | usd |
CY2024Q1 | us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
243000000 | usd |
CY2023Q1 | us-gaap |
Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
|
239000000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-7000000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
6000000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-308000000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-248000000 | usd |
CY2024Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-18000000 | usd |
CY2023Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-414000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-525000000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1779000000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1671000000 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1365000000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1146000000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11868000000 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
225000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-328000000 | usd |
CY2024Q1 | glw |
Shares Issued To Benefit Plans And For Option Exercises
SharesIssuedToBenefitPlansAndForOptionExercises
|
70000000 | usd |
CY2024Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
242000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
34000000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
11559000000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
12275000000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
191000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-67000000 | usd |
CY2023Q1 | glw |
Shares Issued To Benefit Plans And For Option Exercises
SharesIssuedToBenefitPlansAndForOptionExercises
|
65000000 | usd |
CY2023Q1 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
241000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
16000000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
12207000000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
2975000000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
3178000000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1100000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
1200000000 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
80000000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
70000000 | usd |
CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
71000000 | usd |
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
37000000 | usd |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.24 | pure |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.162 | pure |
CY2024Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
209000000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
176000000 | usd |
CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
852000000 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
844000000 | |
CY2024Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
10000000 | |
CY2023Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
15000000 | |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
862000000 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
859000000 | |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.25 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.21 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.24 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.2 | |
CY2024Q1 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1287000000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
1242000000 | usd |
CY2024Q1 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
555000000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
551000000 | usd |
CY2024Q1 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
446000000 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
445000000 | usd |
CY2024Q1 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
425000000 | usd |
CY2023Q4 | us-gaap |
Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
|
428000000 | usd |
CY2024Q1 | us-gaap |
Inventory Net
InventoryNet
|
2713000000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
2666000000 | usd |
CY2024Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
430000000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
609000000 | usd |
CY2024Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
116000000 | usd |
CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
69000000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
122000000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
66000000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Current
DeferredIncomeCurrent
|
188000000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Current
DeferredIncomeCurrent
|
181000000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
164000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
148000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
103000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
112000000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1258000000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1348000000 | usd |
CY2024Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2381000000 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2533000000 | usd |
CY2024Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
725000000 | usd |
CY2023Q4 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
721000000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
62000000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
31000000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Noncurrent
DeferredIncomeNoncurrent
|
638000000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Noncurrent
DeferredIncomeNoncurrent
|
679000000 | usd |
CY2024Q1 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
977000000 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
|
1083000000 | usd |
CY2024Q1 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
193000000 | usd |
CY2023Q4 | us-gaap |
Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
|
218000000 | usd |
CY2024Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
820000000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
846000000 | usd |
CY2024Q1 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
1020000000 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
|
1131000000 | usd |
CY2024Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
4435000000 | usd |
CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
625000000 | usd |
CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
184000000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
4709000000 | usd |
CY2024Q1 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
7100000000 | usd |
CY2023Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
|
7200000000 | usd |
CY2024Q1 | glw |
Estimated Construction Costs
EstimatedConstructionCosts
|
835000000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
1100000000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
35000000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
103000000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
99000000 | usd |
CY2024Q1 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
96000000 | usd |
CY2024Q1 | glw |
Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
|
780000000 | usd |
CY2024Q1 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
8406000000 | usd |
CY2023Q4 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
7271000000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
631000000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
97000000 | usd |
CY2024Q1 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
521000000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
122000000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets Current
DerivativeAssetsCurrent
|
501000000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
66000000 | usd |
CY2024Q1 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
104000000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
62000000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
130000000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
31000000 | usd |
CY2024Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
625000000 | usd |
CY2024Q1 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
184000000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
631000000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
97000000 | usd |
CY2024Q1 | us-gaap |
Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
|
81000000 | usd |
CY2023Q4 | us-gaap |
Aoci Loss Cash Flow Hedge Cumulative Gain Loss After Tax
AociLossCashFlowHedgeCumulativeGainLossAfterTax
|
54000000 | usd |
CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
33000000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
32000000 | usd |
CY2024Q1 | us-gaap |
Translation Adjustment For Net Investment Hedge Net Of Tax
TranslationAdjustmentForNetInvestmentHedgeNetOfTax
|
22000000 | usd |
CY2019Q4 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
5000000000 | usd |
CY2024Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
3300000000 | usd |
CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
60000000 | usd |
CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
52000000 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
7499000 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
23.82 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
582000 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
21.43 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
1000 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
19.65 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
6916000 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
24.03 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y9M14D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
63071000 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
6916000 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
24.03 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P4Y9M14D | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
63071000 | usd |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
2975000000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
3178000000 | usd |