Shareholders' Equity

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

A class of 10 million shares of preferred stock, without par value, is authorized but unissued. Common stock has a par value of $1.66  ²/₃ per share; 1.2 billion shares are authorized.

On April 16, 2015, the PPG Board of Directors approved a 2-for-1 split of the Company’s common stock for all shareholders. The record date for the split was the close of business on May 11, 2015 and the additional shares were distributed on June 12, 2015. Each shareholder as of the date of record received one additional share of common stock for each share held. Historical per share and share data (except for shares on the balance sheet) in this Form 10-K give retroactive effect to the stock split.

The following table summarizes the shares outstanding for the three years ended December 31, 2016:

	Common Stock	Treasury Stock		Shares Outstanding
Balance, January 1, 2014	581,146,136	(303,853,372	)	277,292,764
Purchases	—	(7,626,382	)	(7,626,382	)
Issuances	—	2,298,184		2,298,184
Balance, December 31, 2014	581,146,136	(309,181,570	)	271,964,566
Purchases	—	(6,992,772	)	(6,992,772	)
Issuances	—	1,904,215		1,904,215
Balance, December 31, 2015	581,146,136	(314,270,127	)	266,876,009
Purchases	—	(10,725,869	)	(10,725,869	)
Issuances	—	1,180,020		1,180,020
Balance, December 31, 2016	581,146,136	(323,815,976	)	257,330,160

Per share cash dividends paid were $1.56 in 2016, $1.41 in 2015 and $1.31 in 2014.