Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Corning Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Current portion of long-term debt and short-term borrowings	318)	320)	297)	187)	197)	224)	208)	121)	120)	55)	50)	353)	154)	156)	256)	12)	12)	11)	305)	455)	7)
Accounts payable	1,476)	1,466)	1,459)	1,519)	1,662)	1,804)	1,808)	1,934)	1,849)	1,612)	1,396)	1,312)	1,272)	1,174)	1,176)	1,109)	1,250)	1,587)	1,447)	1,297)	1,278)
Other accrued liabilities	2,381)	2,533)	2,529)	2,705)	2,914)	3,147)	3,151)	3,475)	3,092)	3,139)	2,891)	2,959)	2,087)	2,437)	2,417)	1,899)	1,929)	1,923)	1,848)	1,664)	1,774)
Current liabilities	4,175)	4,319)	4,285)	4,411)	4,773)	5,175)	5,167)	5,530)	5,061)	4,806)	4,337)	4,624)	3,513)	3,767)	3,849)	3,020)	3,191)	3,521)	3,600)	3,416)	3,059)
Long-term debt, excluding current portion	7,050)	7,206)	7,210)	7,437)	6,654)	6,687)	6,525)	6,677)	6,839)	6,989)	7,019)	7,025)	7,650)	7,816)	7,822)	7,797)	7,815)	7,729)	6,225)	6,080)	6,018)
Postretirement benefits other than pensions	399)	398)	406)	407)	405)	407)	585)	588)	620)	622)	729)	723)	733)	727)	667)	668)	671)	671)	646)	648)	659)
Other liabilities	4,435)	4,709)	4,633)	4,680)	4,783)	4,955)	4,910)	4,941)	5,108)	5,192)	5,266)	5,292)	4,689)	5,017)	5,072)	3,928)	3,895)	3,980)	3,724)	3,910)	3,879)
Non-current liabilities	11,884)	12,313)	12,249)	12,524)	11,842)	12,049)	12,020)	12,206)	12,567)	12,803)	13,014)	13,040)	13,072)	13,560)	13,561)	12,393)	12,381)	12,380)	10,595)	10,638)	10,556)
Total liabilities	16,059)	16,632)	16,534)	16,935)	16,615)	17,224)	17,187)	17,736)	17,628)	17,609)	17,351)	17,664)	16,585)	17,327)	17,410)	15,413)	15,572)	15,901)	14,195)	14,054)	13,615)
Convertible preferred stock, Series A, par value $100 per share	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	2,300)	2,300)	2,300)	2,300)	2,300)	2,300)	2,300)	2,300)	2,300)
Common stock, par value $0.50 per share	917)	916)	915)	915)	911)	910)	910)	910)	908)	907)	907)	907)	864)	863)	861)	860)	859)	859)	859)	858)	857)
Additional paid-in capital, common stock	16,998)	16,929)	16,877)	16,817)	16,746)	16,682)	16,649)	16,590)	16,531)	16,475)	16,398)	16,352)	14,722)	14,642)	14,494)	14,398)	14,340)	14,323)	14,295)	14,277)	14,243)
Retained earnings	16,358)	16,391)	16,673)	16,509)	16,713)	16,778)	17,044)	16,837)	16,737)	16,389)	16,110)	15,739)	16,509)	16,120)	16,065)	15,847)	16,114)	16,408)	16,555)	16,399)	16,489)
Treasury stock, at cost	(20,672)	(20,637)	(20,633)	(20,630)	(20,548)	(20,532)	(20,528)	(20,509)	(20,419)	(20,263)	(20,011)	(19,986)	(19,934)	(19,928)	(19,926)	(19,924)	(19,918)	(19,812)	(19,588)	(19,279)	(19,116)
Accumulated other comprehensive loss	(2,375)	(2,048)	(2,402)	(2,199)	(1,897)	(1,830)	(2,791)	(2,094)	(1,362)	(1,175)	(1,259)	(1,052)	(1,092)	(740)	(1,134)	(1,432)	(1,497)	(1,171)	(1,387)	(1,130)	(1,166)
Total Corning Incorporated shareholders’ equity	11,226)	11,551)	11,430)	11,412)	11,925)	12,008)	11,284)	11,734)	12,395)	12,333)	12,145)	11,960)	13,369)	13,257)	12,660)	12,049)	12,198)	12,907)	13,034)	13,425)	13,607)
Non-controlling interest	333)	317)	314)	298)	282)	267)	264)	248)	234)	212)	210)	182)	189)	191)	197)	84)	89)	90)	100)	96)	99)
Total equity	11,559)	11,868)	11,744)	11,710)	12,207)	12,275)	11,548)	11,982)	12,629)	12,545)	12,355)	12,142)	13,558)	13,448)	12,857)	12,133)	12,287)	12,997)	13,134)	13,521)	13,706)
Total liabilities and equity	27,618)	28,500)	28,278)	28,645)	28,822)	29,499)	28,735)	29,718)	30,257)	30,154)	29,706)	29,806)	30,143)	30,775)	30,267)	27,546)	27,859)	28,898)	27,329)	27,575)	27,321)

Current portion of long-term debt and short-term borrowings: The current portion of debt saw a significant spike starting from March 31, 2020, reaching a peak in December 2020. Following this peak, the figures fluctuated but remained higher than the levels observed before 2020, indicating increased short-term debt obligations post-2019.
Accounts payable: Accounts payable demonstrated a general upward trend from March 2019 through mid-2022, peaking around June 2022. From that point forward, there was a steady decline until the end of 2023, followed by stabilization in early 2024. This suggests fluctuations in payment obligations, likely reflective of changing operational activities and supplier terms over the years.
Other accrued liabilities: Other accrued liabilities increased notably from late 2019 through 2021, peaking near the end of 2021. Thereafter, a downward trend is observed through 2023, with some minor fluctuations, indicating a reduction in accrued expenses or liabilities during recent periods.
Current liabilities: Current liabilities escalated sharply starting late 2020, reaching a high in late 2021. Following this peak, there was a gradual decrease throughout 2022 and 2023, suggesting tighter management or reductions in short-term obligations in recent periods.
Long-term debt, excluding current portion: Long-term debt showed a general decline from late 2019 up to late 2021, indicating possible repayment or refinancing activities. However, from 2022 onwards, an uptick appeared in certain quarters, illustrating some variability but with the debt overall remaining near its historical levels by early 2024.
Postretirement benefits other than pensions: This liability remained relatively stable over the period with minor decreases over time, indicating consistent postretirement benefit obligations without significant volatility.
Other liabilities: Other liabilities increased substantially in 2020, peaking during that year and early 2021, followed by a gradual decline thereafter. This trend implies a one-time or temporary buildup of obligations that have been partially reduced in subsequent periods.
Non-current liabilities: Non-current liabilities increased notably during 2019 and 2020, reaching a peak in late 2020, then gradually declined through 2022 and 2023. The fluctuations suggest changes in longer-term obligations possibly due to debt issuance or repayments and reclassifications over time.
Total liabilities: Total liabilities rose significantly during 2019-2020, peaking in late 2020. Afterward, despite some fluctuations, a gradual downward movement occurred through early 2024, reflecting overall management of both current and non-current obligations.
Convertible preferred stock, Series A: This item remained constant through 2020 and was absent or not reported thereafter, indicating no changes or possible retirement in preferred stock outstanding after 2020.
Common stock, par value: Common stock showed a steady incremental increase over the analyzed period, reflecting slight issuances or stock-related activities that gradually increased the par value amount.
Additional paid-in capital, common stock: Paid-in capital increased progressively, with a more pronounced rise beginning in 2021, indicating additional equity financing or share issuances that contributed to shareholder investment.
Retained earnings: Retained earnings fluctuated, declining notably during 2020 and 2021, with a recovery trend observed into 2022. However, slight decreases occurred afterward, suggesting variable profitability or dividend actions impacting accumulated earnings.
Treasury stock, at cost: The value of treasury stock steadily increased in absolute terms (more negative), indicating ongoing repurchases or share buybacks throughout the period, consistent with share repurchase strategies.
Accumulated other comprehensive loss: Comprehensive losses varied significantly with periods of increase and decrease; substantial growth in losses occurred particularly in 2022, followed by some improvement. This suggests volatility in items such as foreign currency translation adjustments or other non-net income related comprehensive items.
Total Corning Incorporated shareholders’ equity: Shareholders’ equity declined significantly starting in 2019, reaching a low point around 2022, followed by some recovery and subsequent attenuation in late 2023 and early 2024. This pattern reflects cumulative impacts of earnings, dividends, and equity transactions on equity base.
Non-controlling interest: Non-controlling interest gradually increased over the period, indicating expanding minority interests in consolidated entities.
Total equity: Total equity mirrored the trends of shareholders’ equity, showing a decline from 2019 through 2022 with a moderate rebound and stabilization into early 2024, implying close alignment between controlling and non-controlling equity changes.
Total liabilities and equity: The combined total of liabilities and equity rose through 2019 and 2020 reaching a peak in late 2020, then showed a slight but steady decrease through early 2024. This indicates overall stability with some contraction in the company’s balance sheet size in recent years.

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Corning Inc. (NYSE:GLW)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data