Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed Reflected in Preliminary Purchase Price Allocations

The following table summarizes the estimated fair value of assets acquired and liabilities assumed as reflected in the preliminary purchase price allocation for Comex.



($ in millions)
Current assets	$	366
Property, plant, and equipment	230
Trademarks with indefinite lives	1,022
Identifiable intangible assets with finite lives	281
Goodwill	1,074
Other non-current assets	34
Total assets	$	3,007
Current liabilities	(321		)
Non-current deferred tax liabilities	(407		)
Long-term debt	(280		)
Accrued pensions	(20		)
Other long-term liabilities	(29		)
Total liabilities	$	(1,057	)
Total purchase price, net of cash acquired	$	1,950

Condensed Consolidated Pro Forma Information

The following information reflects the net sales of PPG for the period ended June 30, 2014 on a pro forma basis as if the transaction for the Comex acquisition had been completed on January 1, 2014.



Condensed Consolidated Pro Forma information (unaudited)
	Three Months Ended June 30		Six Months Ended June 30
($ in millions)	2014		2014
Net sales	$	4,279	$	8,089

Transitions Optical Business [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

Net sales and income from discontinued operations related to the Transitions Optical and sunlens transaction are presented in the table below for the three and six months ended June 30, 2015 and 2014:



	Three Months Ended June 30					Six Months Ended June 30
($ in millions)	2015		2014			2015		2014
Net sales	$	—	$	—		$	—	$	247
Income from operations	$	—	$	—		$	—	$	104
Net gain from divestiture of PPG's interest in the Transitions Optical joint venture and sunlens business	—		—			—		1,468
Income tax (expense) benefit	—		(7		)	1		(561		)
(Loss)/Income from discontinued operations, net of tax	—		(7		)	1		1,011
Less: Net income attributable to non-controlling interests, discontinued operations	—		—			—		(33		)
Net income from discontinued operations (attributable to PPG)	$	—	$	(7	)	$	1	$	978

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details