XML 19 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statement of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Net sales $ 15,330 $ 15,360 $ 14,265
Cost of sales, exclusive of depreciation and amortization 8,591 8,791 8,314
Selling, general and administrative 3,679 3,758 3,486
Depreciation 363 350 333
Amortization 132 126 119
Research and development, net 486 492 463
Interest expense 126 187 196
Interest income (40) (50) (43)
Asbestos settlement, net 12 12 11
Business restructuring 140 0 98
Debt refinancing charge 0 317 0
Other charges 104 221 189
Other income (145) (260) (127)
Income before income taxes 1,882 1,416 1,226
Income tax expense 456 259 253
Income from continuing operations 1,426 1,157 973
Income from discontinued operations, net of tax 1 1,002 2,380
Net income attributable to the controlling and noncontrolling interests 1,427 2,159 3,353
Less: net income attributable to noncontrolling interests 21 57 122
Net income (attributable to PPG) 1,406 2,102 3,231
Continuing operations 1,405 1,133 950
Discontinued operations $ 1 $ 969 $ 2,281
Earnings per common share      
Continuing operations (in dollars per share) $ 5.18 $ 4.10 $ 3.31
Discontinued operations (in dollars per share) 0.00 3.50 7.96
Net Income (attributable to PPG) (in dollars per share) 5.18 7.60 11.27
Earnings per common share - assuming dilution      
Continuing operations (in dollars per share) 5.14 4.05 3.27
Discontinued operations (in dollars per share) 0.00 3.47 7.86
Net Income (attributable to PPG) (in dollars per share) $ 5.14 $ 7.52 $ 11.13