CORNING INC /NY (GLW) FY2024 Annual Balance Sheet

CORNING INC /NY (GLW) FY2024 Annual Balance Sheet

Balance sheet as of 2024-12-31. The chart shows assets, liabilities and equity at that date.

Assets

27,735,000,000 US dollars

Current assets

7,992,000,000 US dollars

Non-current assets

19,743,000,000 US dollars

Liabilities

16,665,000,000 US dollars

Current liabilities

4,919,000,000 US dollars

Non-current liabilities

11,746,000,000 US dollars

Equity

11,070,000,000 US dollars

Noncontrolling interest

384,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Inventories (Note 4)

2,724,000,000 US dollars

Trade accounts receivable, net of doubtful accounts - $33 and $30

2,053,000,000 US dollars

Cash and cash equivalents

1,768,000,000 US dollars

Other current assets (Notes 9 and 13)

1,447,000,000 US dollars

Property, plant and equipment, net of accumulated depreciation - $14,492 and $14,553 (Note 7)

13,359,000,000 US dollars

Goodwill (Note 8)

2,363,000,000 US dollars

Other assets (Notes 9 and 13)

2,139,000,000 US dollars

Deferred income taxes (Note 6)

1,130,000,000 US dollars

Other intangible assets, net (Note 8)

752,000,000 US dollars

Other accrued liabilities (Notes 9 and 12)

3,121,000,000 US dollars

Accounts payable

1,472,000,000 US dollars

Current portion of long-term debt and short-term borrowings (Note 10)

326,000,000 US dollars

Long-term debt (Note 10)

6,885,000,000 US dollars

Other liabilities (Notes 9 and 12)

4,525,000,000 US dollars

Postretirement benefits other than pensions (Note 11)

336,000,000 US dollars

Additional paid-in capital – common stock

17,264,000,000 US dollars

Retained earnings

15,926,000,000 US dollars

Common stock – Par value $0.50 per share; Shares authorized 3.8 billion; Shares issued: 1.8 billion and 1.8 billion

921,000,000 US dollars

Non-controlling interest

384,000,000 US dollars

Treasury stock, at cost; Shares held: 987 million and 980 million

negative 20,882,000,000 US dollars

Accumulated other comprehensive loss

negative 2,543,000,000 US dollars

Gross equity (calculated)

34,495,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.