Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2016

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table summarizes the fair value of assets acquired and liabilities assumed as reflected in the purchase price allocation for Comex.

($ in millions)
Current assets	$	340
Property, plant, and equipment	229
Trademarks with indefinite lives	1,022
Identifiable intangible assets with finite lives	281
Goodwill	1,089
Other non-current assets	54
Total assets	3,015
Current liabilities	(331		)
Non-current deferred tax liabilities	(410		)
Long-term debt	(280		)
Accrued pensions	(20		)
Other long-term liabilities	(24		)
Total liabilities	$	(1,065	)
Total purchase price, net of cash acquired	$	1,950

Pro Forma Information

The following information reflects the net sales of PPG for the year ended December 31, 2014 on a pro forma basis as if the transaction for the Comex acquisition had been completed on January 1, 2014.

Condensed Consolidated Pro Forma information (unaudited)
($ in millions)	2014
Net sales	$	15,606

Disposal Groups, Including Discontinued Operations [Table Text Block]

($ in millions)	2014
Net sales	$	247
Income from operations	$	104
Net gain from divestiture of PPG’s interest in the Transitions Optical joint venture and sunlens business	1,468
Income tax expense	570
Income from discontinued operations, net of tax	$	1,002
Less: Net income attributable to non-controlling interests, discontinued operations	(33		)
Net income from discontinued operations (attributable to PPG)	$	969

MetoKote Corporation [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

($ in millions)
Current assets	$	38
Property, plant, and equipment	73
Identifiable intangible assets with finite lives	86
Goodwill	166
Deferred income taxes (a)	(12		)
Total assets	$	351
Current liabilities	(23		)
Other long-term liabilities	(22		)
Total liabilities	$	(45	)
Total purchase price, net of cash acquired	$	306

Flat Glass Business [Member]

Business Acquisition [Line Items]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The net sales and income from discontinued operations related to the flat glass business for the three years ended December 31, 2016, 2015 and 2014 were as follows:

($ in millions)	December 31
	2016		2015		2014
Net sales	$	427	$	564	$	569
Income from operations	$	70	$	99	$	70
Net gain on the divestiture of the flat glass business	421		—		—
Income tax expense	178		32		22
Income from discontinued operations, net of tax	$	313	$	67	$	48

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

($ in millions)	December 31, 2015
Receivables	$	79
Inventory	47
Property, plant, and equipment	196
Deferred income taxes (a)	(37		)
Assets held for sale	$	285
Short-term debt and current portion of long-term debt	1
Accounts payable and accrued liabilities	72
Long-term debt	16
Accrued pensions	16
Other postretirement benefits	6
Other long-term liabilities	1
Liabilities held for sale	$	112

^(a) The net deferred income tax liability is included in assets held for sale due to the Company's tax jurisdictional netting.