XML 42 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 4,100 $ 4,082 $ 7,762 $ 7,718
Cost of sales, exclusive of depreciation and amortization 2,283 2,306 4,348 4,397
Selling, general and administrative 954 985 1,867 1,885
Depreciation 92 84 179 173
Amortization 33 31 66 61
Research and development, net 123 126 242 246
Interest expense 34 48 63 95
Interest income (10) (13) (21) (25)
Business restructuring 140 0 140 0
Asbestos settlement, net 3 3 6 6
Other charges 34 19 59 40
Other income (38) (31) (69) (56)
Income from continuing operations before income taxes 452 524 882 896
Income tax expense 110 125 214 214
Income from continuing operations 342 399 668 682
(Loss) Income from discontinued operations, net of tax 0 (7) 1 1,011
Net income attributable to the controlling and noncontrolling interests 342 392 669 1,693
Less: Net income attributable to noncontrolling interests (5) (6) (10) (45)
Net income (attributable to PPG) 337 386 659 1,648
Income from continuing operations, net of tax 337 393 658 670
(Loss) Income from discontinued operations, net of tax $ 0 $ (7) $ 1 $ 978
Income from continuing operations, net of tax $ 1.24 $ 1.41 $ 2.41 $ 2.41
(Loss) Income from discontinued operations, net of tax 0.00 (0.02) 0.01 3.52
Net income (attributable to PPG) 1.24 1.39 2.42 5.93
Income from continuing operations, net of tax 1.23 1.40 2.39 2.38
(Loss) Income from discontinued operations, net of tax 0.00 (0.02) 0.01 3.49
Net income (attributable to PPG) 1.23 1.38 2.40 5.87
Dividends per common share $ 0.36 $ 0.33 $ 0.69 $ 0.64