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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income attributable to the controlling and noncontrolling interests $ 899 $ 1,427 $ 2,159
Income from discontinued operations, net of tax 313 68 1,050
Income from continuing operations 586 1,359 1,109
Adjustments to reconcile to cash from operations:      
Depreciation and amortization 462 471 450
Defined benefit pension expense 86 91 58
Noncash Pension Settlement Charge - before tax 968 0 0
Business restructuring 197 140 0
Environmental remediation charge 82 0 138
Stock-based compensation expense 39 54 71
Gain (Loss) on Sale of Equity Investments (40) 0 0
Equity affiliate (earnings)/losses, net of dividends (4) 63 (56)
Deferred income taxes 155 (1) (87)
Cash contributions to pension plans (204) (273) (41)
Restructuring cash expenditures (78) (45) (57)
Cash Paid for Asbestos Settlement Funding (813) 0 0
Debt refinancing charge 0 0 317
Change in certain asset and liability accounts (net of acquisitions):      
Receivables (59) (150) (116)
Inventories 61 31 (99)
Other current assets 24 (83) (68)
Accounts payable and accrued liabilities 135 101 185
Noncurrent assets and liabilities, net (56) (97) (129)
Taxes and interest payable (247) 91 46
Other (53) (17) (3)
Cash from operating activities - continuing operations 1,241 1,735 1,718
Cash from/(used for) operating activities - discontinued operations 84 102 (190)
Cash from operating activities 1,325 1,837 1,528
Investing activities      
Additions to property and investments (402) (454) (564)
Business acquisitions, net of cash balances acquired (See Note 2) (349) (320) (2,113)
Net proceeds from the sale of businesses 1,094 47 1,625
Proceeds from maturity of short-term investments 92 402 1,298
Purchase of short-term investments 0 (97) (1,204)
Payments on cross currency swap contracts (36) (34) (45)
Proceeds from cross currency swap contracts 37 37 37
(Payments on) / Proceeds from net investment hedges (13) 19 49
Other 27 27 28
Cash from/(used for) investing activities - continuing operations 450 (373) (889)
Cash (used for)/from investing activities - discontinued operations (14) (22) 32
Cash from/(used for) investing activities 436 (395) (857)
Financing activities      
Net change in borrowings with maturities of three months or less (15) (32) 89
Net (payments)/proceeds on commercial paper and short-term debt (361) (528) 932
Proceeds from long term debt (net of discount and issuance costs) (See Note 8) 988 1,242 1,163
Repayment of long-term debt (See Note 8) (379) (340) (1,803)
Premium paid for redemption of securities (8) 0 (222)
Purchase of treasury stock (1,050) (751) (750)
Issuance of treasury stock 31 53 57
Dividends paid on PPG common stock (414) (383) (361)
Other 24 (15) (34)
Cash used for financing activities - continuing operations (1,184) (754) (929)
Cash used for financing activities - discontinued operations 0 0 (40)
Cash used for financing activities (1,184) (754) (969)
Effect of currency exchange rate changes on cash and cash equivalents (68) (63) (132)
Net increase/(decrease) in cash and cash equivalents 509 625 (430)
Cash and cash equivalents, beginning of year 1,311 686 1,116
Cash and cash equivalents, end of year 1,820 1,311 686
Supplemental disclosures of cash flow information:      
Interest paid, net of amount capitalized 118 115 218
Taxes paid, net of refunds $ 349 $ 383 $ 642