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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 1,605 $ 1,311
Short-term investments 64 144
Receivables (less allowance for doubtful accounts of $51 in each period) 3,108 2,788
Inventories 1,803 1,705
Assets held for sale 148 0
Other 379 606
Total current assets 7,107 6,554
Property, plant and equipment (net of accumulated depreciation of $4,354 and $4,434) 2,950 3,017
Goodwill 3,602 3,669
Identifiable intangible assets, net 2,073 2,178
Deferred income taxes 540 672
Investments 322 367
Other assets 654 619
Total 17,248 17,076
Current liabilities:    
Accounts payable and accrued liabilities 3,577 3,490
Asbestos settlement 0 796
Restructuring reserves 55 87
Short-term debt and current portion of long-term debt 686 283
Liabilities held for sale 57 0
Total current liabilities 4,375 4,656
Long-term debt 4,426 4,042
Accrued pensions 615 712
Other postretirement benefits 1,016 1,021
Asbestos settlement 0 252
Deferred income taxes 546 460
Other liabilities 837 864
Total liabilities 11,815 12,007
Commitments and contingent liabilities (Note 15)  
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 668 635
Retained earnings 16,034 15,521
Treasury stock, at cost (9,576) (9,440)
Accumulated other comprehensive loss (2,749) (2,702)
Total PPG shareholders’ equity 5,346 4,983
Noncontrolling interests 87 86
Total shareholders’ equity 5,433 5,069
Total $ 17,248 $ 17,076