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Reportable Business Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Reportable Business Segment
($ in millions)
Reportable Business Segments
Performance
Coatings
 
Industrial
Coatings
 
Glass
 
Corporate /
Eliminations /
Non-
Segment
Items(1)
 
Consolidated
Totals
2015
 
 
 
 
 
 
 
 
 
Net sales to external customers
$
8,765

 
$
5,476

 
$
1,089

 
$

 
$
15,330

Intersegment net sales

 
1

 
2

 
(3
)
 

Total net sales
$
8,765

 
$
5,477

 
$
1,091

 
$
(3
)
 
$
15,330

Segment income
$
1,302

 
$
985

 
$
137

 
$

 
$
2,424

Legacy items(2)
 
 
 
 
 
 
 
 
(45
)
Business restructuring
 
 
 
 
 
 
 
 
(140
)
Transaction-related costs(5) 
 
 
 
 
 
 
 
 
(48
)
Interest expense, net of interest income
 
 
 
 
 
 
 
 
(86
)
Corporate unallocated(1)
 
 
 
 
 
 
 
 
(223
)
Income before income taxes
 
 
 
 
 
 
 
 
$
1,882

Depreciation and amortization
$
296

 
$
124

 
$
49

 
$
26

 
$
495

Share of net earnings (loss) of equity affiliates
7

 

 
7

 
(3
)
 
11

Segment assets(3)
9,917

 
3,643

 
865

 
2,651

 
17,076

Investment in equity affiliates
45

 
13

 
127

 
36

 
221

Expenditures for property (including business acquisitions)
298

 
414

 
47

 
28

 
787

($ in millions)
Reportable Business Segments
Performance
Coatings
 
Industrial
Coatings
 
Glass
 
Corporate /
Eliminations /
Non-
Segment
Items(1)
 
Consolidated
Totals
2014
 
 
 
 
 
 
 
 
 
Net sales to external customers
$
8,698

 
$
5,552

 
$
1,110

 
$

 
$
15,360

Intersegment net sales

 
1

 
1

 
(2
)
 

Total net sales
$
8,698

 
$
5,553

 
$
1,111

 
$
(2
)
 
$
15,360

Segment income
$
1,205

 
$
951

 
$
81

 
$

 
$
2,237

Legacy items(2)
 
 
 
 
 
 
 
 
(49
)
Debt refinancing charge
 
 
 
 
 
 
 
 
(317
)
Transaction-related costs(5)
 
 
 
 
 
 
 
 
(62
)
Interest expense, net of interest income
 
 
 
 
 
 
 
 
(137
)
Corporate unallocated(1)
 
 
 
 
 
 
 
 
(256
)
Income before income taxes
 
 
 
 
 
 
 
 
$
1,416

Depreciation and amortization
$
284

 
$
115

 
$
53

 
$
24

 
$
476

Share of net earnings/(loss) of equity affiliates

 

 
(3
)
 
104

 
101

Segment assets(3)
10,709

 
3,621

 
859

 
2,346

 
17,535

Investment in equity affiliates
41

 
15

 
127

 
112

 
295

Expenditures for property (including business acquisitions)
2,374

 
251

 
56

 
39

 
2,720


($ in millions)
Reportable Business Segments
Performance
Coatings
 
Industrial
Coatings
 
Glass 
 
Corporate /
Eliminations /
Non-
Segment
Items(1)
 
Consolidated
Totals
2013
 

 
 

 
 

 
 

 


Net sales to external customers
$
7,934

 
$
5,264

 
$
1,067

 
$

 
$
14,265

Intersegment net sales

 
1

 

 
(1
)
 

Total net sales
$
7,934

 
$
5,265

 
$
1,067

 
$
(1
)
 
$
14,265

Segment income
$
1,043

 
$
824

 
$
56

 
$

 
$
1,923

Legacy items(2)
 

 
 

 
 

 
 

 
(165
)
Business restructuring
 
 
 
 
 
 
 
 
(98
)
Transaction-related costs(5)
 
 
 
 
 
 
 
 
(36
)
Interest expense, net of interest income
 

 
 

 
 

 
 

 
(153
)
Corporate unallocated(1)
 

 
 

 
 

 
 

 
(245
)
Income before income taxes
 

 
 

 
 

 
 

 
$
1,226

Depreciation and amortization
$
268

 
$
110

 
$
52

 
$
22

 
$
452

Share of net earnings of equity affiliates
1

 
(1
)
 
(6
)
 
(2
)
 
(8
)
Segment assets(3)
8,067

 
3,447

 
917

 
3,373

 
15,804

Investment in equity affiliates
32

 
16

 
149

 
48

 
245

Expenditures for property (including business acquisitions)
1,167

 
209

 
80

 
52

 
1,508

Geographic Information
($ in millions)
 
 
 
 
 
Geographic Information
2015
 
2014
 
2013
Net sales(4)
 
 
 
 
 
 
The Americas
 
 
 
 
 
 
 
United States
$
6,389

 
$
6,323

 
$
5,712

 
 
Other Americas
2,237

 
1,718

 
1,445

 
Europe, Middle East and Africa (“EMEA”)
4,270

 
4,802

 
4,650

 
Asia Pacific
2,434

 
2,517

 
2,458

 
 
Total
$
15,330

 
$
15,360

 
$
14,265

Segment income
 
 
 
 
 
 
The Americas
 
 
 
 
 
 
 
United States
$
1,258

 
$
1,167

 
$
1,031

 
 
Other Americas
272

 
175

 
117

 
EMEA
528

 
576

 
475

 
Asia Pacific
366

 
319

 
300

 
 
Total
$
2,424

 
$
2,237

 
$
1,923

Property—net
 
 
 
 
 
 
The Americas
 
 
 
 
 
 
 
United States
$
1,460

 
$
1,386

 
$
1,285

 
 
Other Americas
321

 
461

 
153

 
EMEA
805

 
831

 
935

 
Asia Pacific
431

 
414

 
503

 
 
Total
$
3,017

 
$
3,092

 
$
2,876

(1)
Corporate intersegment net sales represent intersegment net sales eliminations. Corporate unallocated costs include the costs of corporate staff functions not directly associated with the operating segments, certain legal and insurance costs and stock-based compensation expense.
(2)
Legacy items include current costs related to former operations of the Company, including certain environmental remediation, pension and other postretirement benefit costs, legal costs and certain charges which are considered to be non-recurring. The Legacy items for 2014 and 2013 include environmental remediation pre-tax charges of $138 million and $101 million, respectively. These charges relate to continued environmental remediation activities at legacy chemicals sites, primarily at PPG’s former Jersey City, N.J. chromium manufacturing plant and associated sites (See Note 13). In 2014, Legacy items includes the gains from an equity affiliates sale of a business line and the sale of a flat glass plant (See Note 2). Legacy items also include equity earnings from PPG’s approximate 40% investment in the former automotive glass and services business.
(3)
Segment assets are the total assets used in the operation of each segment. Corporate assets are principally cash and cash equivalents, cash held in escrow, short term investments, deferred tax assets and the approximate 40% investment in the former automotive glass and services business. Non-segment items also includes the assets of businesses which have been reclassified as discontinued operations in the Consolidated Statement of Income. (See Note 2).
(4)
Net sales to external customers are attributed to geographic regions based upon the location of the operating unit shipping the product.
(5)
Transaction-related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred to effect significant acquisitions, as well as similar fees and other costs to effect disposals not classified as discontinued operations. These costs also include the flow-through cost of sales of the step up to fair value of inventory acquired in acquisitions.