Separation and Merger Transaction Income from Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2013

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Net sales and earnings from discontinued operations are presented in the table below for the three months ended March 31, 2013 and 2012:

	Three Months Ended March 31
Millions	2013			2012
Net sales	$	108		$	419
Income from operations	$	—		$	98
Net gain from separation and merger of commodity chemicals business	2,192			—
Income tax expense	(1		)	(31		)
Income from discontinued operations, net of tax	$	2,191		$	67
Less: Net income attributable to non-controlling interests, discontinued operations	—			(4		)
Net income from discontinued operations (attributable to PPG)	$	2,191		$	63

The major classes of assets and liabilities of the commodity chemicals business included in the PPG balance sheet at December 31, 2012 were as follows:

	December 31,
Millions	2012
Cash	$	29
Receivables	245
Inventory	76
Other current assets	23
Property, plant, and equipment	380
Goodwill	6
Other non-current assets	29
Total assets of the commodity chemicals business	$	788
Accounts payable	(100		)
Other current liabilities	(91		)
Accrued pensions and other post-retirement benefits	(233		)
Environmental contingencies	(31		)
Other long-term liabilities	(59		)
Noncontrolling interests	$	(18	)
Net assets of the commodity chemicals business	$	256