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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 1,108 $ 2,070
Less: Income from discontinued operations (1) (1,005)
Income from continuing operations 1,107 1,065
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 370 353
Pension expense 77 49
Stock-based compensation expense 43 53
Business restructuring 140 0
Environmental remediation charge 0 138
Equity affiliate earnings, net of distributions received (20) (55)
Deferred income taxes (42) (59)
Cash contributions to pension plans (286) (12)
Restructuring cash spending (31) (41)
Change in certain asset and liability accounts:    
Receivables (419) (416)
Inventories (80) (205)
Other current assets (96) (86)
Accounts payable and accrued liabilities 149 433
Taxes and interest payable 150 107
Noncurrent assets and liabilities, net 61 120
Other (15) 40
Cash from operating activities - continuing operations 986 1,244
Cash used for operating activities - discontinued operations 0 (207)
Cash from operating activities 986 1,037
Investing activities:    
Capital expenditures (266) (358)
Business acquisitions, net of cash balances acquired (248) (114)
Proceeds from the disposition of PPG's interest in the Transitions Optical joint venture and sunlens business 47 1,625
Proceeds from the sale of assets 0 56
Purchase of short-term investments (97) (936)
Proceeds from maturity of short-term investments 171 960
Payments on cross currency swap contracts (34) (45)
Proceeds from cross currency swap and foreign currency contracts 37 37
Other 39 (4)
Cash (used for) / from investing activities - continuing operations (351) 1,221
Cash used for investing activities - discontinued operations 0 (1)
Cash (used for) / from investing activities (351) 1,220
Financing activities:    
Net change in borrowing with maturities of three months or less (18) (14)
Net payments on commercial paper and short-term debt (392) 0
Proceeds from the issuance of debt 1,242 0
Repayment of long-term debt (339) (39)
Purchase of treasury stock (501) (450)
Issuance of treasury stock 51 52
Dividends paid on PPG common stock (287) (269)
Acquisition of noncontrolling interest 0 (39)
Other (24) (17)
Cash used for financing activities - continuing operations (268) (776)
Cash used for financing activities - discontinued operations 0 (40)
Cash used for financing activities (268) (816)
Effect of currency exchange rate changes on cash and cash equivalents (38) (89)
Net increase in cash and cash equivalents 329 1,352
Cash and cash equivalents, beginning of period 686 1,116
Cash and cash equivalents, end of period 1,015 2,468
Interest paid, net of amount capitalized 78 160
Taxes paid, net of refunds $ 291 $ 504