2015 was a signal year for Corning Incorporated, as we announced a new strategy and capital allocation framework that will drive the company forward and guide our value creation in 2016 and beyond. In this update, we have summarized our accomplishments within that framework and discuss how they position us for the future.
Over the past decade, Corning has delivered outstanding industrial performance to become a bigger and more balanced company. We've beaten the competition on growth in each of our segments. We've innovated to achieve the lowest cost position in key businesses, and we've created new-to-the-world product categories such as Corning® Gorilla® Glass, our heavy-duty diesel substrates and filters, and our customized fiber-to-the-home solutions.
Taken as a whole, our performance has given Corning the foundation for sustained cash flow and a tremendous opportunity set. These financial and operational strengths also provided us with the ability to articulate a strategy and capital allocation framework for the company that will guide our value creation actions.