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GLWCorning Inc.

Technology · Wire & Cable · NYSE
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The 10-K against last year's

87 changes: 13 added, 15 removed, 59 reworded

10-K Feb 12, 2026 vs Feb 13, 2025
Risk FactorsRedline ↓
3.9%
of the text changed · 4,853 words now
18.7%
of the text changed · 9,391 words now
Legal ProceedingsRedline ↓
18.4%
of the text changed · 467 words now
Accounting PoliciesRedline ↓
16.1%
of the text changed · 6,741 words now

10-K 0000024741-26-000124 (2026-02-12) vs 10-K 0001628280-25-005347 (2025-02-13)

The redline

The paragraph that changed most in each section

Marked against last year's 10-K: cut words struck through, new words highlighted and underlined.

MD&A 157 words changed in this paragraph; it is 34% similar to last year's version.
Income before income taxes remained flat for the year ended December 31, 2024 increased $1.2 billion as compared to 2023, 2024, driven by an increase in operating income of $245 million $1.1 billion as a result of the increase in net sales and cost of sales, gross margin, as discussed above, partially offset by the increase in selling, general and administrative expenses, as discussed above. The improved operating income for the year ended December 31, 2024 as compared to 2023 is offset by increases of non-operating expenses of $248 million, primarily due to the recognition of $145 million of non-cash cumulative foreign currency translation losses in 2024 related to the substantial liquidation and disposition of foreign entities, which was recorded in other (expense) income, net in the consolidated statements of income, and $49 million of non-cash charges recognized in 2024 in one of our Emerging Growth Businesses relating to a customer that recently entered into a multi-jurisdictional restructuring effort including insolvency filings in certain countries. These charges primarily relate to the full write-down of upfront payments made to the customer, which were determined to be nonrecoverable, and recorded as a charge to net sales in the consolidated statements of income.

Source: Item 7, 10-K 0000024741-26-000124 vs Item 7, 10-K 0001628280-25-005347

Accounting Policies 133 words changed in this paragraph; it is 43% similar to last year's version.
The Company receives government assistance, typically in the form of cash Government incentives primarily for capital expansion projects and tax credits that are refundable or transferable (collectively, “incentives”). Incentives are recognized when it is probable that the Company will comply with any contractual conditions and that the government incentives will be received. Incentives received or utilized to reduce current or future tax liabilities. Government incentives relating to property, plant and equipment are deducted from the carrying value of the relevant asset and are recognized against depreciation over the useful life of the asset. Government incentives relating to production or project costs are recognized on the consolidated statements of income as an offset to the related expense. Government incentives are classified as an asset when they are recognized but have not been received and as a liability when they are received but have not been recognized. Incentives relating to the purchase of property, plant and equipment are deducted from the cost of the relevant asset. Incentives relating to project costs or other expenses are recognized in the statements of income as an offset to the related expense.

Source: 10-K text, Note 1 – Summary of Significant Accounting Policies, 10-K 0000024741-26-000124 vs 10-K text, Note 1 – Summary of Significant Accounting Policies, 10-K 0001628280-25-005347

Risk Factors 77 words changed in this paragraph; it is 74% similar to last year's version.
Any significant disruption, breakdown, intrusion, interruption or corruption, data breach, or compromise to the accessibility, security or integrity of our or our providers’ IT systems, or the misappropriation or disclosure of any confidential, proprietary or personally identifiable information, could result in the loss of data or intellectual property, equipment or systems damage, downtime, safety related issues and could have a material adverse effect on our business, including by harming our competitive position and reputation, disrupting our manufacturing, reducing the value of our investment in research and development and other strategic initiatives, impairing our ability to access suppliers, contract manufacturers, customers and cloud-based services, subjecting us to litigation or regulatory investigations or fines, increasing the costs of compliance and remediation, or otherwise adversely affecting our business. We may be required to invest significant additional resources to comply with evolving cybersecurity regulations and to modify and enhance our IT systems, information security and controls, and to investigate and remediate any security vulnerabilities. Any losses, costs or liabilities may not be covered by, or may exceed the coverage limits of, any, or all, of our applicable insurance policies.

Source: Item 1A, 10-K 0000024741-26-000124 vs Item 1A, 10-K 0001628280-25-005347

Legal Proceedings 68 words changed in this paragraph; it is 64% similar to last year's version.
Beginning in September 2019, The Dow Chemical Company (“Dow”) formally notified Corning of certain environmental matters for which Dow asserts that it has or will experience losses arising from remediation and response at a number of sites. Subject to certain conditions and limits, Corning may be have been required to indemnify Dow for up to 50 % of such losses. As of December 31, 2024, In September 2025, Corning has determined that entered into a potential liability for these settlement agreement with Dow to fully resolve all outstanding environmental matters is probable and previously asserted under historical indemnification provisions. The resolution did not have a material impact on the amount reserved was not material. Company’s consolidated financial statements for the periods presented. No further obligation remains under the settlement agreement.

Source: Item 3, via Note 12 – Commitments, Contingencies and Guarantees, 10-K 0000024741-26-000124 vs Item 3, via Note 12 – Commitments, Contingencies and Guarantees, 10-K 0001628280-25-005347

Every change, by type

Sentences and paragraphs added, removed or reworded

Sentences and paragraphs of GLW's Risk Factors and MD&A, 10-K 2026-02-12 against 10-K 2025-02-13. Each links to the text at sec.gov.

RemovedMD&A
Our capabilities are versatile and synergistic, allowing Corning to evolve to meet changing market needs, while also helping customers capture new opportunities in dynamic industries. Corning strives to be a catalyst for positive change and to help move the world forward. The Company drives profitable multiyear growth by inventing, making and selling life-changing products – all of which is based on a set of vital capabilities that are increasingly relevant to profound transformations that touch many facets of daily life. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductor and life sciences.

Read it in 10-K 2025-02-13 at sec.gov ↗

RemovedMD&A
Going into 2024, we introduced our three-year Springboard plan to add more than $3 billion in annualized sales by the end of 2026. As we capture this growth, we expect to deliver powerful incrementals because we already have the required production capacity and technical capabilities in place, and the cost and capital are already reflected in our financials. Additionally, we expect to achieve an operating margin target of 20% by the end of 2026.

Read it in 10-K 2025-02-13 at sec.gov ↗

RemovedMD&A
In 2024, we began marking important milestones toward our Springboard plan – including the implementation of price increases in Display Technologies and growth in Optical Communications driven by increased demand for our new Generative AI products. And in the fourth quarter of 2024 compared to 2023 we grew quarterly sales while growing profit significantly faster, resulting in a strong close to the first year of Springboard.

Read it in 10-K 2025-02-13 at sec.gov ↗

RemovedMD&A
Overall, we expect our businesses to benefit from a convergence of cyclical and secular trends, driving sales and profit growth across the company through 2026, and we are energized about the tremendous value Springboard creates for shareholders.

Read it in 10-K 2025-02-13 at sec.gov ↗

RemovedMD&A
The U.S. enacted the Inflation Reduction Act of 2022 (“IRA”) in August 2022, which, among other sections, creates a new book minimum tax of at least 15% of consolidated pre-tax income for corporations with average book income in excess of $1 billion. The IRA also provides credit incentives to taxpayers based on the type and amount of manufacturing activity performed. None of the provisions within the IRA are expected to have a material impact on our results of operations, financial position or cash flow.

Read it in 10-K 2025-02-13 at sec.gov ↗

RemovedMD&A
The increase in segment net sales was primarily due to higher sales volume, attributable to increased panel maker utilization and growth in the retail and glass market driven by larger average screen size, as well as pricing actions taken in the second half of 2023 and the second half of 2024.

Read it in 10-K 2025-02-13 at sec.gov ↗

Show the other 4
RemovedMD&A
We believe that the use of constant-currency reporting allows management to understand our results without the volatility of currency fluctuations, analyze underlying trends in the businesses and establish operational goals and forecasts.

Read it in 10-K 2025-02-13 at sec.gov ↗

RemovedMD&A
For a reconciliation of non-GAAP performance measures to their most directly comparable GAAP financial measure, refer to “Reconciliation of Non-GAAP Measures.”

Read it in 10-K 2025-02-13 at sec.gov ↗

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