Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

The future accretion of the non-current portion of the liability totals $81 million at December 31, 2014, and will be reported as expense in the consolidated statement of income over the period through 2023, as follows (in millions):



2015	$	14
2016	15
2017 – 2023	52
Total	$	81

Litigation Settlements Disclosure

The following table summarizes the impact on PPG’s financial statements for the three years ended December 31, 2014 resulting from the 2009 PPG Settlement Arrangement including the change in fair value of the stock to be transferred to the Trust and the related equity forward instrument (see Note 9, “Financial Instruments, Hedging Activities and Fair Value Measurements”) and the increase in the net present value of the future payments to be made to the Trust.



		Consolidated Balance Sheet
		Asbestos Settlement Liability					Equity Forward (Asset) Liability			pre-tax Charge
($ in millions)		Current		Long-term
Balance as of January 1, 2012		$	593	$	241		$	(56	)	$	12
Change in fair value:
	PPG stock	72		—			—			72
	Equity forward instrument	—		—			(74		)	(74		)
Accretion of asbestos liability		—		14			—			14
Reclassification		18		(18		)	—			—
Balance as of and Activity for the year ended December 31, 2012		$	683	$	237		$	(130	)	$	12
Change in fair value:
	PPG stock	75		—			—			75
	Equity forward instrument	—		—			(77		)	(77		)
Accretion of asbestos liability		—		13			—			13
Reclassification		5		(5		)	—			—
Balance as of and Activity for the year ended December 31, 2013		$	763	$	245		$	(207	)	$	11
Change in fair value:
	PPG stock	58		—			—			58
	Equity forward instrument	—		—			(60		)	(60		)
Accretion of asbestos liability		—		14			—			14
Reclassification		—		—			—			—
Balance as of and Activity for the year ended December 31, 2014		$	821	$	259		$	(267	)	$	12