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Borrowings and Lines of Credit (Tables)
12 Months Ended
Dec. 31, 2014
Debt Disclosure [Abstract]  
Debt and Bank Credit Agreements and Leases

Long-term Debt Obligations
($ in millions)
2014

 
2013

7/8% notes, due 2015 (€300)
$
364

 
$
413

1.9 % notes, due 2016(1)
250

 
249

 3/8% notes, due 2016(1)

 
146

 7/8% notes, due 2017

 
74

3-year variable rate bank loan, due 2017 (€500)

605

 

6.65% notes, due 2018
125

 
700

7.4% notes, due 2019

 
198

2.3% notes, due 2019
299

 

3.6% notes, due 2020
496

 
495

9% non-callable debentures, due 2021(1)
133

 
149

2.70% notes, due 2022

 
400

2.5% note, due 2029 (€80)

96

 

7.70% notes, due 2038
175

 
249

5.5% notes, due 2040
248

 
248

3% note, due 2044 (€120)

137

 

Commercial paper
935

 

Impact of derivatives on debt(1)
9

 
21

Various other non-U.S. debt, weighted average 2.3% as of December 31, 2014 and 0.7% of December 31, 2013.
5

 
4

Capital lease obligations
33

 
30

Total
3,910

 
3,376

Less payments due within one year
366

 
4

Long-term debt
$
3,544

 
$
3,372


(1)
PPG entered into several interest rate swaps which had the effect of converting fixed rate notes to variable rates, based on the three-month London Interbank Offered Rate (LIBOR). There were no interest rate swaps outstanding related to these instruments as of December 31, 2014 and 2013. The impact of the derivatives on debt represents the fair value adjustment of the debt while the interest rate swaps were outstanding, which is being amortized as a reduction to interest expense over the remaining term of the debt. The weighted average effective interest rate for these borrowings, including the effects of the swaps, was 3.9% and 4.1% for the years ended December 31, 2014 and 2013, respectively. Refer to Note 9 for additional information.
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
Minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year are as follows:
Short-Term Debt Outstanding
Short-term debt outstanding as of December 31, 2014 and 2013, was as follows:
($ in millions)
2014
 
2013
Various, weighted average 2.52% as of December 31, 2014 and 3.55% as of December 31, 2013
$
115

 
$
30

Total
$
115

 
$
30