XML 57 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Net sales $ 3,331 $ 3,333
Cost of sales, exclusive of depreciation and amortization 1,947 1,946
Selling, general and administrative 797 823
Depreciation 81 79
Amortization (Note 7) 26 29
Research and development 115 110
Interest expense 53 51
Interest income (10) (10)
Business restructuring (Note 8) 0 208
Asbestos settlement – net (Note 20) 3 3
Other charges (Note 20) 25 170
Other earnings (24) (29)
Income (loss) before income taxes 318 (47)
Income tax expense (benefit) (Note 12) 64 (31)
Income (loss) from continuing operations 254 (16)
Income from discontinued operations, net of income taxes (Note 5) 2,191 67
Net income attributable to the controlling and noncontrolling interests 2,445 51
Less: Net income attributable to noncontrolling interests (35) (38)
Net income (attributable to PPG) 2,410 13
Income (loss) from continuing operations, net of tax 219 (50)
Income from discontinued operations, net of tax (Note 5) $ 2,191 $ 63
Income (loss) from continuing operations, net of tax $ 1.50 $ (0.33)
Income from discontinued operations, net of tax $ 14.99 $ 0.41
Net income (attributable to PPG) $ 16.49 $ 0.08
Income (loss) from continuing operations, net of tax $ 1.48 $ (0.32)
Income from discontinued operations, net of tax $ 14.83 $ 0.40
Net income (attributable to PPG) $ 16.31 $ 0.08
Dividends per common share $ 0.59 $ 0.57