XML 28 R46.htm IDEA: XBRL DOCUMENT v2.4.1.9
Reportable Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Reportable Business Segment
($ in millions)
Reportable Business Segments
Performance
Coatings
 
Industrial
Coatings
 
Glass
 
Corporate /
Eliminations /
Non-
Segment
Items(1)
 
Consolidated
Totals
2014
 
 
 
 
 
 
 
 
 
Net sales to external customers
$
8,698

 
$
5,552

 
$
1,110

 
$

 
$
15,360

Intersegment net sales

 
1

 
1

 
(2
)
 

Total net sales
$
8,698

 
$
5,553

 
$
1,111

 
$
(2
)
 
$
15,360

Segment income
$
1,205

 
$
951

 
$
81

 
$

 
$
2,237

Legacy items(2)
 
 
 
 
 
 
 
 
(49
)
Debt refinancing charge
 
 
 
 
 
 
 
 
(317
)
Transaction-related costs(5) 
 
 
 
 
 
 
 
 
(62
)
Interest expense, net of interest income
 
 
 
 
 
 
 
 
(137
)
Corporate unallocated(1)
 
 
 
 
 
 
 
 
(256
)
Income before income taxes
 
 
 
 
 
 
 
 
$
1,416

Depreciation and amortization
$
284

 
$
115

 
$
53

 
$
24

 
$
476

Share of net earnings (loss) of equity affiliates

 

 
(3
)
 
104

 
101

Segment assets(3)
10,709

 
3,621

 
859

 
2,394

 
17,583

Investment in equity affiliates
41

 
15

 
127

 
112

 
295

Expenditures for property (including business acquisitions)
2,374

 
251

 
56

 
39

 
2,720

    

($ in millions)
Reportable Business Segments
Performance
Coatings
 
Industrial
Coatings
 
Glass
 
Corporate /
Eliminations /
Non-
Segment
Items(1)
 
Consolidated
Totals
2013
 
 
 
 
 
 
 
 
 
Net sales to external customers
$
7,934

 
$
5,264

 
$
1,067

 
$

 
$
14,265

Intersegment net sales

 
1

 

 
(1
)
 

Total net sales
$
7,934

 
$
5,265

 
$
1,067

 
$
(1
)
 
$
14,265

Segment income
$
1,043

 
$
824

 
$
56

 
$

 
$
1,923

Legacy items(2)
 
 
 
 
 
 
 
 
(165
)
Business restructuring
 
 
 
 
 
 
 
 
(98
)
Transaction-related costs(5)
 
 
 
 
 
 
 
 
(36
)
Interest expense, net of interest income
 
 
 
 
 
 
 
 
(153
)
Corporate unallocated(1)
 
 
 
 
 
 
 
 
(245
)
Income before income taxes
 
 
 
 
 
 
 
 
$
1,226

Depreciation and amortization
$
268

 
$
110

 
$
52

 
$
22

 
$
452

Share of net earnings/(loss) of equity affiliates
1

 
(1
)
 
(6
)
 
(2
)
 
(8
)
Segment assets(3)
8,067

 
3,447

 
917

 
3,432

 
15,863

Investment in equity affiliates
32

 
16

 
149

 
48

 
245

Expenditures for property (including business acquisitions)
1,167

 
209

 
80

 
52

 
1,508


($ in millions)
Reportable Business Segments
Performance
Coatings
 
Industrial
Coatings
 
Glass 
 
Corporate /
Eliminations /
Non-
Segment
Items(1)
 
Consolidated
Totals
2012
 

 
 

 
 

 
 

 

Net sales to external customers
$
6,899

 
$
4,755

 
$
1,032

 
$

 
$
12,686

Intersegment net sales

 
1

 

 
(1
)
 

Total net sales
$
6,899

 
$
4,756

 
$
1,032

 
$
(1
)
 
$
12,686

Segment income
$
889

 
$
677

 
$
63

 
$

 
$
1,629

Legacy items(2)
 

 
 

 
 

 
 

 
(216
)
Business restructuring
 
 
 
 
 
 
 
 
(176
)
Transaction-related costs(5)
 
 
 
 
 
 
 
 
(11
)
Interest expense, net of interest income
 

 
 

 
 

 
 

 
(170
)
Corporate unallocated(1)
 

 
 

 
 

 
 

 
(228
)
Income before income taxes
 

 
 

 
 

 
 

 
$
828

Depreciation and amortization
$
226

 
$
98

 
$
53

 
$
22

 
$
399

Share of net earnings of equity affiliates
3

 
(1
)
 
4

 
3

 
9

Segment assets(3)
6,720

 
3,107

 
914

 
5,137

 
15,878

Investment in equity affiliates
29

 
15

 
166

 
52

 
262

Expenditures for property (including business acquisitions)
155

 
195

 
46

 
124

 
520

Geographic Information
($ in millions)
 
 
 
 
 
Geographic Information
2014
 
2013
 
2012
Net sales(4)
 
 
 
 
 
 
The Americas
 
 
 
 
 
 
 
United States
$
6,323

 
$
5,712

 
$
4,620

 
 
Other Americas
1,718

 
1,445

 
1,046

 
Europe, Middle East and Africa (“EMEA”)
4,802

 
4,650

 
4,612

 
Asia Pacific
2,517

 
2,458

 
2,408

 
 
Total
$
15,360

 
$
14,265

 
$
12,686

Segment income
 
 
 
 
 
 
The Americas
 
 
 
 
 
 
 
United States
$
1,167

 
$
1,031

 
$
845

 
 
Other Americas
175

 
117

 
74

 
EMEA
576

 
475

 
430

 
Asia Pacific
319

 
300

 
280

 
 
Total
$
2,237

 
$
1,923

 
$
1,629

Property—net
 
 
 
 
 
 
The Americas
 
 
 
 
 
 
 
United States
$
1,386

 
$
1,285

 
$
1,379

 
 
Other Americas
461

 
153

 
100

 
EMEA
831

 
935

 
903

 
Asia Pacific
414

 
503

 
506

 
 
Total
$
3,092

 
$
2,876

 
$
2,888

(1)
Corporate intersegment net sales represent intersegment net sales eliminations. Corporate unallocated costs include the costs of corporate staff functions not directly associated with the operating segments, certain legal and insurance costs and stock-based compensation expense.
(2)
Legacy items include current costs related to former operations of the Company, including certain environmental remediation, pension and other postretirement benefit costs, legal costs and certain charges which are considered to be non-recurring. The Legacy items for 2014, 2013, and 2012 include environmental remediation pre-tax charges of $138 million, $101 million, and $159 million, respectively. These charges relate to continued environmental remediation activities at legacy chemicals sites, primarily at PPG's former Jersey City, N.J. chromium manufacturing plant and associated sites (See Note 13). In 2014, Legacy items includes the gains from an equity affiliates sale of a business line and the sale of a flat glass plant(See Note 2). Legacy items also include equity earnings from PPG’s approximate 40% investment in the former automotive glass and services business.
(3)
Segment assets are the total assets used in the operation of each segment. Corporate assets are principally cash and cash equivalents, cash held in escrow, short term investments, deferred tax assets and the approximate 40% investment in the former automotive glass and services business. Non-segment items also includes the assets of businesses which have been reclassified as discontinued operations in the Consolidated Statement of Income. (See Note 2).
(4)
Net sales to external customers are attributed to geographic regions based upon the location of the operating unit shipping the product.
(5)
Transaction-related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred to effect significant acquisitions, as well as similar fees and other costs to effect disposals not classified as discontinued operations. These costs also includes the flow-through cost of sales of the step up to fair value of inventory acquired in acquisitions.