Acquisitions and Dispositions Acquisitions & Dispositions (Tables)

9 Months Ended

Sep. 30, 2016

Business Acquisition [Line Items]

Business Combination Disclosure [Text Block]

($ in millions)	September 30, 2016
Receivables	$	30
Inventory	4
Property, plant, and equipment	96
Identifiable intangible assets	83
Goodwill	129
Total Assets	$	342
Accounts payable and accrued liabilities	10
Other current liabilities	10
Other long-term liabilities	16
Total Liabilities	$	36
Total purchase price, net of cash acquired	$	306

Disposal Groups, Including Discontinued Operations [Table Text Block]

The major classes of assets and liabilities of the European fiber glass operation included in the PPG condensed, consolidated balance sheet at September 30, 2016 were as follows:

($ in millions)	September 30, 2016
Receivables	$	24
Inventory	18
Property, plant, and equipment	55
Goodwill	44
Assets held for sale	$	141
Accounts payable and accrued liabilities	34
Accrued pensions	67
Deferred income taxes (a)	(13		)
Other long-term liabilities	—
Liabilities held for sale	$	88
(a) The net deferred income tax asset is included in liabilities held for sale due to the Company's tax jurisdictional netting.

The net sales and income from discontinued operations related to the flat glass business for the three and nine months ended September 30, 2016 and 2015 were as follows:

	Three Months Ended September 30				Nine Months Ended September 30
($ in millions)	2016		2015		2016		2015
Net sales	$	156	$	147	$	427	$	421
Income from operations	26		27		70		70
Income tax expense	9		9		24		23
Income from discontinued operations, net of tax	$	17	$	18	$	46	$	47

The major classes of assets and liabilities of the flat glass business included in the PPG condensed consolidated balance sheet at September 30, 2016 and December 31, 2015 were as follows:

($ in millions)	September 30, 2016			December 31, 2015
Receivables	$	83		$	79
Inventory	66			47
Property, plant, and equipment	190			196
Deferred income taxes (a)	(37		)	(37		)
Assets held for sale	$	302		$	285
Short-term debt and current portion of long-term debt	1			1
Accounts payable and accrued liabilities	67			72
Long-term debt	15			16
Accrued pensions	21			16
Other postretirement benefits	4			6
Other long-term liabilities	3			1
Liabilities held for sale	$	111		$	112
(a) The net deferred income tax liability is included in assets held for sale due to the Company's tax jurisdictional netting.