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Condensed Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 2,468 $ 1,116
Short-term investments 570 629
Receivables (less allowance for doubtful accounts of $65 and $74) 2,968 2,736
Inventories 1,905 1,824
Deferred Income Taxes 421 425
Other 566 484
Total current assets 8,898 7,214
Property, plant and equipment (net of accumulated depreciation of $4,463 and $4,805) 2,720 2,876
Goodwill 2,898 3,008
Identifiable intangible assets, net 1,274 1,339
Deferred income taxes 252 491
Investments 449 393
Other assets 596 542
Total 17,087 15,863
Current liabilities:    
Accounts payable and accrued liabilities 3,687 3,265
Asbestos settlement 773 763
Restructuring reserves 42 73
Short-term debt and current portion of long-term debt 394 34
Total current liabilities 4,896 4,135
Long-term debt 2,954 3,372
Accrued pensions 721 728
Other postretirement benefits 1,004 1,007
Asbestos settlement 255 245
Deferred income taxes 241 249
Other liabilities 811 929
Total liabilities 10,882 10,665
Commitments and contingent liabilities (Note 15)      
Shareholders’ equity:    
Common stock 484 484
Additional paid-in capital 1,001 953
Retained earnings 14,506 12,757
Treasury stock, at cost (8,423) (8,002)
Accumulated other comprehensive loss (1,447) (1,260)
Total PPG shareholders’ equity 6,121 4,932
Noncontrolling interests 84 266
Total shareholders’ equity 6,205 5,198
Total $ 17,087 $ 15,863