CORNING INC /NY | 2013 | FY | 3


     
Fair value measurements at reporting date using
(in millions)
December 31,
2013
 
Quoted prices in
active markets for
identical assets
(Level 1)
 
Significant other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
               
Current assets:
             
Short-term investments 
$531
 
$531
       
Other current assets (1)
$372
     
$372
   
Non-current assets:
             
Other assets (2)
$128
     
$128
   
               
Current liabilities:
             
Other accrued liabilities (1)
$    9
     
$    9
   
Non-current liabilities:
             
Other liabilities (1)
$  28
     
$  28
   
     
Fair value measurements at reporting date using
(in millions)
December 31,
2012
 
Quoted prices in
active markets for
identical assets
(Level 1)
 
Significant other
observable
inputs
(Level 2)
 
Significant
unobservable
inputs
(Level 3)
               
Current assets:
             
Short-term investments 
$1,156
 
$1,156
       
Other current assets (1)
$   166
     
$166
   
Non-current assets:
             
Other assets (2)
$     40
     
$  40
   
               
Current liabilities:
             
Other current liabilities (1)
$     13
     
$  13
   

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