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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 1,569 $ 1,820
Short-term investments 48 43
Receivables (less allowance for doubtful accounts of $28 and $36) 3,191 2,654
Inventories 1,766 1,514
Assets held for sale 177 223
Other 394 320
Total current assets 7,145 6,574
Property, plant and equipment (net of accumulated depreciation of $3,629 and $3,398) 2,710 2,608
Goodwill 3,845 3,572
Identifiable intangible assets, net 2,118 1,983
Deferred income taxes 321 184
Investments 256 179
Other assets 582 669
Total 16,977 15,769
Current liabilities:    
Accounts payable and accrued liabilities 3,653 3,460
Restructuring reserves 115 100
Short-term debt and current portion of long-term debt 619 629
Liabilities Held-for-sale, Current 54 64
Total current liabilities 4,441 4,253
Long-term debt 3,998 3,787
Accrued pensions 748 740
Other postretirement benefits 755 724
Deferred income taxes 390 417
Other liabilities 910 935
Total liabilities 11,242 10,856
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 723 701
Retained earnings 16,613 15,984
Treasury stock, at cost (10,616) (10,472)
Accumulated other comprehensive loss (2,059) (2,356)
Total PPG shareholders’ equity 5,630 4,826
Noncontrolling interests 105 87
Total shareholders’ equity 5,735 4,913
Total $ 16,977 $ 15,769