Acquisitions and Dispositions

3 Months Ended

Mar. 31, 2016

Business Acquisition [Line Items]

Acquisitions and Dispositions

Dispositions

On April 21, 2016, PPG sold its ownership interest in Pittsburgh Glass Works LLC ("PGW") to LKQ Corporation, concurrent with the majority partner’s sale of its ownership interest. At March 31, 2016, the carrying value of PPG's investment in PGW approximated $20 million. In conjunction with the sale, PPG received approximately $41 million in cash proceeds and will record a pre-tax gain between $18 million to $23 million in the second quarter 2016. PPG accounted for its interest in PGW under the equity method of accounting. PPG’s share of net earnings from PGW are reported in Other income in the Condensed, Consolidated Statement of Income for all periods presented and have not been reclassified as discontinued operations, as the divestiture of PGW does not represent a strategic shift in PPG’s operations and PGW did not have a major impact on PPG's ongoing results of operations.