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Commitments and Contingent Liabilities (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Accretion Of Future Funding Obligation
 
Consolidated Balance Sheet
 
 
Asbestos Settlement Liability
 
Equity Forward (Asset) Liability

Pre-tax Charge

($ in millions)
Current

 
Long-term

 
Balance as of and Activity for the year ended December 31, 2015

$796

 

$252

 

($223
)

$12

Change in fair value:
 
 
 
 
 
 
PPG stock
34

 
—

 
—

34

Equity forward instrument
—

 
 
 
(35
)
(35
)
Accretion of asbestos liability
—

 
6

 
—

6

Settlement of equity forward instrument with counterparty (a)
—

 
—

 
(49
)
—

Contribution of PCE shares and relinquishment of PC investment
(15
)
 
—

 
—

—

Contribution of 2,777,778 shares of PPG stock to the PC Trust
(308
)
 
 
 
308

 
Contribution of cash to the PC Trust (a)
(506
)
 
(258
)
 
—

 
Reclassification
(1
)
 
—

 
(1
)
—

Balance as of and Activity for the year ended December 31, 2016

$—

 

$—

 

$—


$5


(a)
Cash outflows related to the asbestos settlement funding totaled $813 million in 2016.
Schedule of Loss Contingencies by Contingency
Environmental Reserves
 
 
 
($ in millions)
2017

 
2016

New Jersey Chrome

$136

 

$163

Legacy glass and chemical
71

 
70

Other
51

 
52

Total

$258

 

$285

Current Portion

$73

 

$76
Environmental Costs
The pre-tax charges and cash outlays related to such environmental remediation in 2017,
2016 and 2015, were as follows:
($ in millions)
2017

 
2016

 
2015

New Jersey Chrome

$4

 

$60

 

$—

Other
6

 
34

 
9

Total

$10

 

$94

 

$9

Cash outlays for environmental spending

$44

 

$47

 

$109