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Condensed Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,986 $ 1,116
Short-term investments 927 629
Receivables (less allowance for doubtful accounts of $72 and $74) 3,184 2,736
Inventories 1,964 1,824
Deferred Income Taxes 430 425
Other 544 484
Total current assets 9,035 7,214
Property, plant and equipment (net of accumulated depreciation of $4,745 and $4,805) 2,777 2,876
Goodwill 2,978 3,008
Identifiable intangible assets, net 1,304 1,339
Deferred income taxes 230 491
Investments 381 393
Other assets 595 542
Total 17,300 15,863
Current liabilities:    
Accounts payable and accrued liabilities 3,691 3,265
Asbestos settlement 792 763
Restructuring reserves 54 73
Short-term debt and current portion of long-term debt 425 34
Total current liabilities 4,962 4,135
Long-term debt 2,958 3,372
Accrued pensions 734 728
Other postretirement benefits 1,013 1,007
Asbestos settlement 252 245
Deferred income taxes 271 249
Other liabilities 789 929
Total liabilities 10,979 10,665
Commitments and contingent liabilities (Note 15)      
Shareholders’ equity:    
Common stock 484 484
Additional paid-in capital 983 953
Retained earnings 14,227 12,757
Treasury stock, at cost (8,281) (8,002)
Accumulated other comprehensive loss (1,181) (1,260)
Total PPG shareholders’ equity 6,232 4,932
Noncontrolling interests 89 266
Total shareholders’ equity 6,321 5,198
Total $ 17,300 $ 15,863