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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 707 $ 686
Short-term investments 475 497
Receivables (less allowance for doubtful accounts of $59 and $87) 3,286 2,815
Inventories 1,861 1,825
Deferred income taxes 394 406
Other 651 621
Total current assets 7,374 6,850
Property, plant and equipment (net of accumulated depreciation of $4,402 and $4,378) 2,917 3,092
Goodwill 3,621 3,801
Identifiable intangible assets, net 2,260 2,411
Deferred income taxes 404 505
Investments 459 443
Other assets 561 481
Total 17,596 17,583
Current liabilities:    
Accounts payable and accrued liabilities 3,590 3,548
Asbestos settlement 840 821
Restructuring reserves 102 26
Short-term debt and current portion of long-term debt 293 481
Total current liabilities 4,825 4,876
Long-term debt 4,222 3,544
Accrued pensions 676 995
Other postretirement benefits 1,122 1,132
Asbestos settlement 245 259
Deferred income taxes 501 702
Other liabilities 749 810
Total liabilities $ 12,340 $ 12,318
Commitments and contingent liabilities (Note 15)    
Shareholders’ equity:    
Common stock $ 969 $ 484
Additional paid-in capital 612 1,028
Retained earnings 14,966 14,498
Treasury stock, at cost (9,044) (8,714)
Accumulated other comprehensive loss (2,332) (2,116)
Total PPG shareholders’ equity 5,171 5,180
Noncontrolling interests 85 85
Total shareholders’ equity 5,256 5,265
Total $ 17,596 $ 17,583