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Condensed Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net sales $ 4,082 $ 3,883 $ 7,718 $ 6,991
Cost of sales, exclusive of depreciation and amortization 2,306 2,263 4,397 4,125
Selling, general and administrative 985 925 1,885 1,671
Depreciation 84 85 173 160
Amortization 31 34 61 60
Research and development, net 126 118 246 227
Interest expense 48 47 95 100
Interest income (13) (9) (25) (19)
Asbestos settlement – net 3 3 6 6
Other charges 19 24 40 49
Other income (31) (29) (56) (51)
Income from continuing operations before income taxes 524 422 896 663
Income tax expense 125 98 214 142
Income from continuing operations 399 324 682 521
(Loss)/income from discontinued operations, net of tax (7) 47 1,011 2,295
Net income attributable to the controlling and noncontrolling interests 392 371 1,693 2,816
Less: Net income attributable to noncontrolling interests (6) (30) (45) (65)
Net income (attributable to PPG) 386 341 1,648 2,751
Income from continuing operations, net of tax 393 318 670 509
(Loss)/income from discontinued operations, net of tax $ (7) $ 23 $ 978 $ 2,242
Income from continuing operations, net of tax $ 2.83 $ 2.22 $ 4.82 $ 3.51
(Loss)/income from discontinued operations, net of tax $ (0.05) $ 0.16 $ 7.04 $ 15.46
Net income (attributable to PPG) $ 2.78 $ 2.38 $ 11.86 $ 18.97
Income from continuing operations, net of tax $ 2.80 $ 2.19 $ 4.77 $ 3.47
(Loss)/income from discontinued operations, net of tax $ (0.05) $ 0.16 $ 6.97 $ 15.29
Net income (attributable to PPG) $ 2.75 $ 2.35 $ 11.74 $ 18.76
Dividends per common share $ 0.67 $ 0.61 $ 1.28 $ 1.20