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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 669 $ 1,693
Less: Income from discontinued operations (1) (1,011)
Income from continuing operations 668 682
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 245 234
Pension expense 49 41
Stock-based compensation expense 40 38
Business restructuring 140 0
Equity affiliate (earnings) losses, net of distributions received (13) 7
Deferred income taxes (46) 27
Cash contributions to pension plans (283) (10)
Restructuring cash spending (22) (32)
Change in certain asset and liability accounts:    
Receivables (591) (531)
Inventories (80) (203)
Other current assets (84) (75)
Accounts payable and accrued liabilities 20 314
Taxes and interest payable 136 12
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net (27) 59
Other (20) 67
Cash from operating activities - continuing operations 186 512
Cash used for operating activities - discontinued operations 0 (111)
Cash from operating activities 186 401
Investing activities:    
Capital expenditures (162) (232)
Business acquisitions, net of cash balances acquired (26) (24)
Proceeds from the disposition of PPG's interest in the Transitions Optical joint venture and sunlens business 47 1,625
Purchase of short-term investments (97) (838)
Proceeds from maturity of short-term investments 107 509
Payments on cross currency swap contracts (34) (45)
Proceeds from cross currency swap contracts and foreign currency contracts 38 19
Other 19 9
Cash (used for) / from investing activities - continuing operations (108) 1,023
Cash used for investing activities - discontinued operations 0 (1)
Cash (used for) / from investing activities (108) 1,022
Financing activities:    
Net change in borrowing with maturities of three months or less (12) (16)
Net payments on commercial paper and short-term debt (432) 0
Proceeds from the issuance of debt 1,242 2
Repayment of long-term debt (338) (4)
Purchase of treasury stock (351) (300)
Issuance of treasury stock 50 41
Dividends paid on PPG common stock (189) (177)
Acquisition of noncontrolling interest 0 (35)
Other (12) (17)
Cash used for financing activities - continuing operations (42) (506)
Cash used for financing activities - discontinued operations 0 (40)
Cash used for financing activities (42) (546)
Effect of currency exchange rate changes on cash and cash equivalents (15) (7)
Net increase in cash and cash equivalents 21 870
Cash and cash equivalents, beginning of period 686 1,116
Cash and cash equivalents, end of period 707 1,986
Interest paid, net of amount capitalized 60 106
Taxes paid, net of refunds $ 158 $ 308