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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,349 $ 1,820
Short-term investments 40 43
Receivables (less allowance for doubtful accounts of $33 and $39) 3,057 2,692
Inventories 1,727 1,546
Assets held for sale 34 30
Other 439 321
Total current assets 6,646 6,452
Property, plant and equipment (net of accumulated depreciation of $3,969 and $3,875) 2,806 2,759
Goodwill 3,720 3,572
Identifiable intangible assets, net 2,080 1,983
Deferred income taxes 139 154
Investments 175 179
Other assets 588 670
Total 16,154 15,769
Current liabilities:    
Accounts payable and accrued liabilities 3,573 3,510
Restructuring reserves 96 101
Short-term debt and current portion of long-term debt 604 629
Total current liabilities 4,273 4,240
Long-term debt 3,817 3,787
Accrued pensions 712 740
Other postretirement benefits 727 731
Deferred income taxes 400 417
Other liabilities 939 941
Total liabilities 10,868 10,856
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 711 701
Retained earnings 16,214 15,984
Treasury stock, at cost (10,626) (10,472)
Accumulated other comprehensive loss (2,076) (2,356)
Total PPG shareholders’ equity 5,192 4,826
Noncontrolling interests 94 87
Total shareholders’ equity 5,286 4,913
Total $ 16,154 $ 15,769