Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name CORNING INC /NY
CIK 0000024741
Accession number 0001308179-14-000032
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/24741/000130817914000032/glw-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
 
December 31,
 
2013
 
2012
           
Loss and tax credit carryforwards
$
1,788 
 
$
1,923 
Other Assets
 
63 
   
72 
Asset impairments and restructuring reserves
 
172 
   
168 
Postretirement medical and life benefits
 
290 
   
357 
Fixed assets
 
85 
   
89 
Other accrued liabilities
 
320 
   
268 
Other employee benefits
 
387 
   
486 
Gross deferred tax assets
 
3,105 
   
3,363 
Valuation allowance
 
(286)
   
(210)
Total deferred tax assets
 
2,819 
   
3,153 
Intangible and other assets
 
(321)
   
(246)
Total deferred tax liabilities
 
(321)
   
(246)
Net deferred tax assets
$
2,498 
 
$
2,907 

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 3,105,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -286,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 2,819,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -321,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 2,498,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 278,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 2,234,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current -1,000,000 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent -13,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 2,498,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 2,819,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -321,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net 2,498,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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