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Condensed Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Net sales $ 3,569 $ 3,544
Cost of sales, exclusive of depreciation and amortization 1,969 1,920
Selling, general and administrative 896 906
Depreciation 83 85
Amortization 31 30
Research and development, net 110 116
Interest expense 25 30
Interest income (4) (6)
Pension settlement charges 22 0
Asbestos settlement, net 0 3
Other charges 14 21
Other income (25) (17)
Income from continuing operations before income taxes 448 456
Income tax expense 109 112
Income from continuing operations 339 344
Income from discontinued operations, net of tax 0 10
Net income attributable to the controlling and noncontrolling interests 339 354
Less: Net income attributable to noncontrolling interests (5) (7)
Net income (attributable to PPG) 334 347
Income from continuing operations, net of tax 334 337
Income from discontinued operations, net of tax $ 0 $ 10
Income from continuing operations, net of tax (in usd per share) $ 1.30 $ 1.26
Income from discontinued operations, net of tax (in usd per share) 0.00 0.04
Net income (attributable to PPG) (in usd per share) 1.30 1.30
Income from continuing operations, net of tax (in usd per share) 1.29 1.25
Income from discontinued operations, net of tax (in usd per share) 0.00 0.04
Net income (attributable to PPG) (in usd per share) 1.29 1.29
Dividends per common share (in usd per share) $ 0.40 $ 0.36