Subsequent Event (Notes)

3 Months Ended

Jun. 30, 2013


22.	Subsequent Event

On April 1, 2013, PPG finalized the acquisition of the North American architectural coatings business of Akzo Nobel N.V., Amsterdam, for $948 million, net of cash acquired, and including a preliminary working capital adjustment. The purchase price is subject to customary post closing adjustments. The acquisition further extends PPG’s architectural coatings business in the United States, Canada and the Caribbean. With this acquisition, PPG has expanded its reach in all three major North American distribution channels, including home centers, independent paint dealers and company-owned paint stores. The acquired business had full-year 2012 sales of approximately $1.5 billion. Preliminary purchase accounting for this acquisition has not been completed. The results of this acquired business will be included in the Performance Coatings segment as of April 1, 2013.