Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Corning Inc., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	7,212)	7,453)	7,659)	8,004)	7,463)
Adjustments
Add: Doubtful accounts	30)	40)	42)	46)	41)
After Adjustment
Adjusted current assets	7,242)	7,493)	7,701)	8,050)	7,504)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Corning Inc., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	28,500)	29,499)	30,154)	30,775)	28,898)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Doubtful accounts	30)	40)	42)	46)	41)
Less: Deferred tax assets²	1,153)	1,073)	1,066)	1,121)	1,157)
After Adjustment
Adjusted total assets	27,377)	28,466)	29,130)	29,700)	27,782)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets. See details »

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Corning Inc., adjusted current liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current liabilities	4,319)	5,175)	4,806)	3,767)	3,521)
Adjustments
Less: Deferred revenue, current	181)	144)	148)	152)	—)
After Adjustment
Adjusted current liabilities	4,138)	5,031)	4,658)	3,615)	3,521)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Corning Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	16,632)	17,224)	17,609)	17,327)	15,901)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities (included in Other liabilities)²	218)	243)	258)	313)	325)
Less: Deferred revenue	860)	869)	912)	1,024)	—)
After Adjustment
Adjusted total liabilities	15,554)	16,112)	16,439)	15,990)	15,576)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities (included in Other liabilities). See details »

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Corning Inc., adjusted total Corning Incorporated shareholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total Corning Incorporated shareholders’ equity	11,551)	12,008)	12,333)	13,257)	12,907)
Adjustments
Less: Net deferred tax assets (liabilities)¹	935)	830)	808)	808)	832)
Add: Doubtful accounts	30)	40)	42)	46)	41)
Add: Deferred revenue	860)	869)	912)	1,024)	—)
Add: Non-controlling interest	317)	267)	212)	191)	90)
After Adjustment
Adjusted total equity	11,823)	12,354)	12,691)	13,710)	12,206)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Net deferred tax assets (liabilities). See details »

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Corning Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current portion of long-term debt and short-term borrowings	320)	224)	55)	156)	11)
Long-term debt, excluding current portion	7,206)	6,687)	6,989)	7,816)	7,729)
Total reported debt	7,526)	6,911)	7,044)	7,972)	7,740)
Total Corning Incorporated shareholders’ equity	11,551)	12,008)	12,333)	13,257)	12,907)
Total reported capital	19,077)	18,919)	19,377)	21,229)	20,647)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Short-term operating lease liabilities²	112)	111)	94)	96)	62)
Add: Long-term operating lease liabilities³	846)	795)	691)	633)	450)
Adjusted total debt	8,484)	7,817)	7,829)	8,701)	8,252)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	935)	830)	808)	808)	832)
Add: Doubtful accounts	30)	40)	42)	46)	41)
Add: Deferred revenue	860)	869)	912)	1,024)	—)
Add: Non-controlling interest	317)	267)	212)	191)	90)
Adjusted total equity	11,823)	12,354)	12,691)	13,710)	12,206)
After Adjustment
Adjusted total capital	20,307)	20,171)	20,520)	22,411)	20,458)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Short-term operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Corning Inc., adjusted net sales

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net sales	12,588)	14,189)	14,082)	11,303)	11,503)
Adjustment
Add: Increase (decrease) in deferred revenue	(9)	(43)	(112)	1,024)	—)
After Adjustment
Adjusted net sales	12,579)	14,146)	13,970)	12,327)	11,503)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Corning Inc., adjusted net income attributable to Corning Incorporated

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income attributable to Corning Incorporated	581)	1,316)	1,906)	512)	960)
Adjustments
Add: Deferred income tax expense (benefit)¹	(75)	(46)	16)	(20)	(192)
Add: Increase (decrease) in doubtful accounts	(10)	(2)	(4)	5)	6)
Add: Increase (decrease) in deferred revenue	(9)	(43)	(112)	1,024)	—)
Add: Other comprehensive income (loss), net of tax	(218)	(655)	(435)	431)	(161)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	67)	70)	29)	11)	19)
After Adjustment
Adjusted net income	336)	640)	1,400)	1,963)	632)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

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Corning Inc. (NYSE:GLW)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income