Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2017

MetoKote Corporation

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

Glass Segment

Business Acquisition [Line Items]

Disposal Groups, Including Discontinued Operations

The net sales and income from discontinued operations related to the former Glass segment for the three years ended December 31, 2017, 2016, and 2015 were as follows:

($ in millions)	2017		2016		2015
	As Restated
Net sales		$217		$908		$1,089
Income from operations		$30		$111		$137
Net gains on the divestitures of businesses	343		421		—
Income tax expense	140		202		42
Income from discontinued operations, net of tax		$233		$330		$95

North American Fiber Glass Business

On September 1, 2017, PPG completed the sale of its North American fiber glass business to Nippon Electric Glass Co. Ltd. (“NEG”). Cash proceeds from the sale were $541 million, resulting in a pre-tax gain of $343 million, net of certain accruals and contingencies established in conjunction with the divestiture.

PPG’s fiber glass operations included manufacturing facilities in Chester, South Carolina, and Lexington and Shelby, North Carolina; and administrative and research-and-development operations in Shelby and in Harmar, Pennsylvania, near Pittsburgh. The business, which employed more than 1,000 people and had net sales of approximately $350 million in 2016, supplies the transportation, energy, infrastructure and consumer markets.

The Company's December 31, 2016 consolidated balance sheet has been recast to present the assets and liabilities of the North American fiber glass business as held for sale. The major classes of assets and liabilities of the Glass segment included in the PPG consolidated balance sheet at December 31, 2016 were as follows:

($ in millions)	December 31, 2016
Receivables. net		$38
Inventory	32
Other current assets	1
Property, plant, and equipment, net	151
Deferred income taxes (a)	(30		)
Other non-current assets	1
Assets held for sale		$193
Accounts payable and accrued liabilities	52
Long-term liabilities	12
Liabilities held for sale		$64

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