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Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income Statement [Abstract]      
Net sales $ 13,512 $ 13,153 $ 11,989
Cost of sales, exclusive of depreciation and amortization 7,905 [1] 7,865 [1] 7,104
Selling, general and administrative 3,200 3,122 2,887
Depreciation 312 305 307
Amortization of Intangible Assets 109 120 123
Research and development – net (See Note 22) 453 428 392
Interest expense 210 210 189
Interest income (39) (42) (34)
Asbestos settlement – net (See Notes 11 and 15) 12 12 12
Business restructuring (See Note 7) 208 0 0
Other charges (See Note 15) 224 63 74
Other earnings (See Note 19) (139) (152) (173)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest 1,057 1,222 1,108
Income tax expense (See Note 13) 221 260 347
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 836 962 761
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest 228 250 119
Net income attributable to the controlling and noncontrolling interests 1,064 1,212 880
Less: net income attributable to noncontrolling interests 123 117 111
Net income (attributable to PPG) 941 [2] 1,095 769
Income (Loss) from Continuing Operations, Per Basic Share $ 4.73 $ 5.45 $ 4.00
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share $ 1.40 $ 1.51 $ 0.67
Income (Loss) from Continuing Operations Attributable to Parent 726 858 658
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $ 215 $ 237 $ 111
Earnings per common share (See Note 12)      
Net Income (attributable to PPG) (in dollars per share) $ 6.13 $ 6.96 $ 4.67
Income (Loss) from Continuing Operations, Per Diluted Share $ 4.69 $ 5.40 $ 3.96
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share $ 1.37 $ 1.47 $ 0.67
Earnings per common share – assuming dilution (See Note 12)      
Net Income (attributable to PPG) (in dollars per share) $ 6.06 $ 6.87 $ 4.63
[1] Exclusive of depreciation and amortization.
[2] First quarter 2012 includes charge of $163 million or $1.06 per diluted share related to restructuring (See Note 7, "Business Restructuring") and charge of $99 million or $0.64 per diluted share related to environmental remediation (See Note 15, "Commitments and Contingent Liabilities").