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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 1,311 $ 686
Short-term investments 144 497
Receivables 2,788 2,815
Inventories 1,705 1,825
Other 606 620
Total current assets 6,554 6,443
Property, plant and equipment, net 3,017 3,092
Goodwill 3,669 3,801
Identifiable intangible assets, net 2,178 2,411
Deferred income taxes 672 875
Investments 367 443
Other assets 619 470
Total 17,076 17,535
Current liabilities    
Accounts payable and accrued liabilities 3,490 3,547
Asbestos settlement 796 821
Restructuring reserves 87 26
Short-term debt and current portion of long-term debt 283 481
Total current liabilities 4,656 4,875
Long-term debt 4,042 3,533
Accrued pensions 712 995
Other postretirement benefits 1,021 1,132
Asbestos settlement 252 259
Deferred income taxes 460 666
Other liabilities 864 810
Total liabilities $ 12,007 $ 12,270
Commitments and contingent liabilities (See Note 13)
Shareholders’ equity    
Common stock $ 969 $ 484
Additional paid-in capital 635 1,028
Retained earnings 15,521 14,498
Treasury stock, at cost (9,440) (8,714)
Accumulated other comprehensive loss (2,702) (2,116)
Total PPG shareholders’ equity 4,983 5,180
Noncontrolling interests 86 85
Total shareholders’ equity 5,069 5,265
Total $ 17,076 $ 17,535