Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

The future accretion of the non-current portion of the liability totals $67 million at December 31, 2015, and will be reported as expense in the consolidated statement of income over the period through 2023, as follows (in millions):



2016	$	15
2017	13
2018 – 2023	39
Total	$	67

Litigation Settlements Disclosure

The following table summarizes the impact on PPG’s financial statements for the three years ended December 31, 2015 resulting from the 2009 PPG Settlement Arrangement including the change in fair value of the stock to be transferred to the Trust and the equity forward instrument (see Note 9, “Financial Instruments, Hedging Activities and Fair Value Measurements”) and the increase in the net present value of the future payments to be made to the Trust.



		Consolidated Balance Sheet
		Asbestos Settlement Liability						Equity Forward (Asset) Liability			Pre-tax Charge
($ in millions)		Current			Long-term
Balance as of January 1, 2013		$	683		$	237		$	(130	)	$	12
Change in fair value:
	PPG stock	75			—			—			75
	Equity forward instrument	—			—			(77		)	(77		)
Accretion of asbestos liability		—			13			—			13
Reclassification		5			(5		)	—			—
Balance as of and Activity for the year ended December 31, 2013		$	763		$	245		$	(207	)	$	11
Change in fair value:
	PPG stock	58			—			—			58
	Equity forward instrument	—			—			(60		)	(60		)
Accretion of asbestos liability		—			14			—			14
Balance as of and Activity for the year ended December 31, 2014		$	821		$	259		$	(267	)	$	12
Change in fair value:
	PPG stock	(46		)	—			—			(46		)
	Equity forward instrument	—						44			44
Accretion of asbestos liability		14			—			—			14
Reclassification		7			(7		)	—			—
Balance as of and Activity for the year ended December 31, 2015		$	796		$	252		$	(223	)	$	12