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Quarterly Financial Information (unaudited)
12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited)
 
2013 Quarter Ended
 
Full Year
Millions
(except per share
amounts)
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
Net sales
$
3,331

 
$
4,095

 
$
3,980

 
$
3,702

 
$
15,108

Cost of Sales(1)
1,947

 
2,343

 
2,238

 
2,108

 
8,636

Net income attributable to PPG
Continuing Operations
219

 
341

 
220

 
254

 
1,034

Discontinued Operations
2,191

 

 
6

 

 
2,197

Net income(2)
2,410

 
341

 
226

 
254

 
3,231

Earnings per common share
Continuing Operations
$
1.50

 
$
2.38

 
$
1.54

 
$
1.80

 
$
7.21

Discontinued Operations
$
14.99

 
$

 
$
0.04

 
$

 
$
15.32

Earnings per common share
$
16.49

 
$
2.38

 
$
1.58

 
$
1.80

 
$
22.53

Earnings per common share - assuming dilution
Continuing Operations
$
1.48

 
$
2.35

 
$
1.52

 
$
1.78

 
$
7.13

Discontinued Operations
$
14.83

 
$

 
$
0.04

 
$

 
$
15.14

Earnings per common share – assuming dilution(2)
$
16.31

 
$
2.35

 
$
1.56

 
$
1.78

 
$
22.27

 
2012 Quarter Ended
 
Full Year
Millions
(except per share
amounts)
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
Net sales
$
3,333

 
$
3,528

 
$
3,408

 
$
3,243

 
$
13,512

Cost of Sales(1)
1,946

 
2,066

 
1,983

 
1,910

 
7,905

Net income (loss) attributable to PPG
Continuing Operations
(50
)
 
297

 
288

 
191

 
726

Discontinued Operations
63

 
65

 
51

 
36

 
215

Net income(3)
13

 
362

 
339

 
227

 
941

Earnings per common share
Continuing Operations
$
(0.33
)
 
$
1.94

 
$
1.88

 
$
1.24

 
$
4.73

Discontinued Operations
$
0.41

 
$
0.43

 
$
0.33

 
$
0.23

 
$
1.40

Earnings per common share
$
0.08

 
$
2.37

 
$
2.21

 
$
1.47

 
$
6.13

Earnings per common share - assuming dilution
Continuing Operations
$
(0.32
)
 
$
1.92

 
$
1.86

 
$
1.23

 
$
4.69

Discontinued Operations
$
0.40

 
$
0.42

 
$
0.32

 
$
0.23

 
$
1.37

Earnings per common share – assuming dilution(3)
$
0.08

 
$
2.34

 
$
2.18

 
$
1.46

 
$
6.06


(1)
Exclusive of depreciation and amortization.
(2)
Includes charges for environmental remediation of $8 million or $0.05 per diluted share in the first quarter 2013, and $56 million or $0.39 per share in the third quarter 2013 (See Note 14, "Commitments and Contingent Liabilities"). Third quarter 2013 includes charge of $73 million or $0.50 per diluted share related to restructuring (See Note 7, "Business Restructuring").
(3)
First quarter 2012 includes a charge of $163 million or $1.06 per diluted share related to restructuring (See Note 7, "Business Restructuring") and a charge of $99 million or $0.64 per diluted share related to environmental remediation (See Note 14, "Commitments and Contingent Liabilities").