XML 42 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 3,872 $ 3,935 $ 11,634 $ 11,653
Cost of sales, exclusive of depreciation and amortization 2,150 2,229 6,498 6,626
Selling, general and administrative 890 941 2,757 2,826
Depreciation 92 87 271 260
Amortization 33 32 99 93
Research and development, net 119 120 361 366
Interest expense 31 47 94 142
Interest income (10) (13) (31) (38)
Business restructuring 0 0 140 0
Asbestos settlement, net 3 3 9 9
Other charges 23 150 82 190
Other income (40) (160) (109) (216)
Income from continuing operations before income taxes 581 499 1,463 1,395
Income tax expense 142 116 356 330
Income from continuing operations 439 383 1,107 1,065
(Loss) Income from discontinued operations, net of tax 0 6 (1) (1,005)
Net income attributable to the controlling and noncontrolling interests 439 377 1,108 2,070
Less: Net income attributable to noncontrolling interests (6) (6) (16) (51)
Net income (attributable to PPG) 433 371 1,092 2,019
Income from continuing operations, net of tax 433 377 1,091 1,047
(Loss) Income from discontinued operations, net of tax $ 0 $ (6) $ 1 $ 972
Income from continuing operations, net of tax $ 1.60 $ 1.36 $ 4.00 $ 3.79
(Loss) Income from discontinued operations, net of tax 0.00 (0.02) 0.01 3.52
Net income (attributable to PPG) 1.60 1.34 4.01 7.31
Income from continuing operations, net of tax 1.59 1.35 3.97 3.74
(Loss) Income from discontinued operations, net of tax 0.00 (0.02) 0.01 3.47
Net income (attributable to PPG) 1.59 1.33 3.98 7.21
Dividends per common share $ 0.36 $ 0.34 $ 1.05 $ 0.98