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Condensed Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 3,935 $ 3,774 $ 11,653 $ 10,765
Cost of sales, exclusive of depreciation and amortization 2,229 2,161 6,626 6,286
Selling, general and administrative 941 910 2,826 2,581
Depreciation 87 85 260 245
Amortization 32 28 93 88
Research and development, net 120 117 366 344
Interest expense 47 48 142 148
Interest income (13) (11) (38) (30)
Business restructuring 0 98 0 98
Asbestos settlement – net 3 3 9 9
Other charges 150 119 190 168
Other income (160) (31) (216) (82)
Income from continuing operations before income taxes 499 247 1,395 910
Income tax expense 116 40 330 182
Income from continuing operations 383 207 1,065 728
(Loss)/income from discontinued operations, net of tax (6) 48 1,005 2,343
Net income attributable to the controlling and noncontrolling interests 377 255 2,070 3,071
Less: Net income attributable to noncontrolling interests (6) (29) (51) (94)
Net income (attributable to PPG) 371 226 2,019 2,977
Income from continuing operations, net of tax 377 204 1,047 713
(Loss)/income from discontinued operations, net of tax $ (6) $ 22 $ 972 $ 2,264
Income from continuing operations, net of tax $ 2.73 $ 1.43 $ 7.55 $ 4.93
(Loss)/income from discontinued operations, net of tax $ (0.04) $ 0.15 $ 7.01 $ 15.68
Net income (attributable to PPG) $ 2.69 $ 1.58 $ 14.56 $ 20.61
Income from continuing operations, net of tax $ 2.70 $ 1.41 $ 7.47 $ 4.88
(Loss)/income from discontinued operations, net of tax $ (0.04) $ 0.15 $ 6.94 $ 15.51
Net income (attributable to PPG) $ 2.66 $ 1.56 $ 14.41 $ 20.39
Dividends per common share $ 0.67 $ 0.61 $ 1.95 $ 1.81