XML 16 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales $ 4,064 $ 4,100 $ 7,736 $ 7,762
Cost of sales, exclusive of depreciation and amortization 2,190 2,283 4,203 4,348
Selling, general and administrative 956 954 1,875 1,867
Depreciation 91 92 182 179
Amortization 30 33 60 66
Research and development, net 119 123 237 242
Interest expense 31 34 62 63
Interest income (7) (10) (14) (21)
Business restructuring 0 140 0 140
Asbestos settlement, net 2 3 5 6
Other charges 32 34 53 59
Other income (53) (38) (71) (69)
Income from continuing operations before income taxes 673 452 1,144 882
Income tax expense 297 110 414 214
Income from continuing operations 376 342 730 668
Income from discontinued operations, net of tax 0 0 0 (1)
Net income attributable to the controlling and noncontrolling interests 376 342 730 669
Less: Net income attributable to noncontrolling interests (6) (5) (13) (10)
Net income (attributable to PPG) 370 337 717 659
Income from continuing operations, net of tax 370 337 717 658
Income from discontinued operations, net of tax $ 0 $ 0 $ 0 $ 1
Income from continuing operations, net of tax (in usd per share) $ 1.38 $ 1.24 $ 2.68 $ 2.41
Income from discontinued operations, net of tax (in usd per share) 0.00 0.00 0.00 0.01
Net income (attributable to PPG) (in usd per share) 1.38 1.24 2.68 2.42
Income from continuing operations, net of tax (in usd per share) 1.37 1.23 2.66 2.39
Income from discontinued operations, net of tax (in usd per share) 0.00 0.00 0.00 0.01
Net income (attributable to PPG) (in usd per share) 1.37 1.23 2.66 2.40
Dividends per common share (in usd per share) $ 0.40 $ 0.36 $ 0.76 $ 0.69