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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 1,015 $ 686
Short-term investments 399 497
Receivables (less allowance for doubtful accounts of $55 and $87) 3,062 2,815
Inventories 1,841 1,825
Deferred income taxes 386 406
Other 589 621
Total current assets 7,292 6,850
Property, plant and equipment (net of accumulated depreciation of $4,433 and $4,378) 2,919 3,092
Goodwill 3,643 3,801
Identifiable intangible assets, net 2,224 2,411
Deferred income taxes 374 505
Investments 453 443
Other assets 669 481
Total 17,574 17,583
Current liabilities:    
Accounts payable and accrued liabilities 3,611 3,548
Asbestos settlement 765 821
Restructuring reserves 92 26
Short-term debt and current portion of long-term debt 302 481
Total current liabilities 4,770 4,876
Long-term debt 4,250 3,544
Accrued pensions 664 995
Other postretirement benefits 1,114 1,132
Asbestos settlement 248 259
Deferred income taxes 506 702
Other liabilities 826 810
Total liabilities $ 12,378 $ 12,318
Commitments and contingent liabilities (Note 15)
Shareholders’ equity:    
Common stock $ 969 $ 484
Additional paid-in capital 624 1,028
Retained earnings 15,302 14,498
Treasury stock, at cost (9,192) (8,714)
Accumulated other comprehensive loss (2,592) (2,116)
Total PPG shareholders’ equity 5,111 5,180
Noncontrolling interests 85 85
Total shareholders’ equity 5,196 5,265
Total $ 17,574 $ 17,583