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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2017
Jun. 30, 2017
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities            
Net income attributable to the controlling and noncontrolling interests $ 342 $ 843 $ 1,459 $ 1,615 $ 895 $ 1,427
Income from discontinued operations, net of tax 6 5 222 225 330 95
Income from continuing operations 336 838 1,237 1,390 565 1,332
Adjustments to reconcile to cash from operations:            
Depreciation and amortization 110 223 340 460 440 446
Defined benefit pension expense 18 34 52 65 85 88
Pension settlement charge 22 22 22 60 968 0
Business restructuring       0 191 136
Environmental remediation charge       0 82 0
Stock-based compensation expense 9 17 26 35 45 54
Net gain, from sale of businesses 0 (25) (25) (25) (39) 0
Equity affiliate (income)/loss, net of dividends (1) 3 0 (4) (6) 66
Deferred income taxes 6 (40) (53) 38 171 0
Cash contributions to pension plans (34) (37) (43) (87) (188) (263)
Restructuring cash expenditures (10) (20) (31) (49) (76) (47)
Funding of asbestos settlement trust       0 (813) 0
Change in certain asset and liability accounts (net of acquisitions):            
Receivables (296) (406) (350) (76) (68) (125)
Inventories (157) (185) (200) (116) 56 37
Other current assets (47) (49) (40) (43) 21 (81)
Accounts payable and accrued liabilities 62 147 229 188 169 152
Noncurrent assets and liabilities, net 39 (14) (102) (170) (53) 79
Taxes and interest payable (82) (128) (115) (129) (268) (96)
Other 24 52 71 14 (64) (19)
Cash from operating activities - continuing operations (1) 432 1,018 1,551 1,218 1,759
Cash from operating activities - discontinued operations 10 14 14 17 133 136
Cash from operating activities 9 446 1,032 1,568 1,351 1,895
Investing activities            
Additions to property and investments (63) (135) (207) (360) (380) (430)
Business acquisitions, net of cash balances acquired (See Note 2) (61) (62) (69) (225) (349) (320)
Payments for acquisition of equity investment 0 (100) (100) (100) 0 0
Net proceeds from the sale of businesses 0 52 593 593 1,094 47
Proceeds from maturity of short-term investments       0 92 402
Purchase of short-term investments 0 0 0 (1) 0 (97)
Payments for the settlement of cross currency swap contracts (34) (34) (34) (34) (36) (34)
Proceeds from the settlement of cross currency swap contracts 19 19 37 37 37 37
(Payments on) / Proceeds from net investment hedges       0 (13) 19
Other 2 2 0 27 27 27
Cash (used for)/from investing activities - continuing operations (137) (258) 220 (63) 472 (349)
Cash used for investing activities - discontinued operations (1) (3) (4) (4) (36) (46)
Cash (used for)/from investing activities (138) (261) 216 (67) 436 (395)
Financing activities            
Net change in borrowings with maturities of three months or less (7) (3) (6) (7) (15) (32)
Net payments on commercial paper and short-term debt (32) (61) (81) (93) (361) (528)
Proceeds from long term debt (net of discount and issuance costs) (See Note 8)       0 988 1,242
Repayment of long-term debt (See Note 8) (7) (8) (9) (588) (379) (340)
Payments related to tax withholding on stock-based compensation awards (16) (20) (25) (28) (26) (58)
Purchase of treasury stock (163) (163) (413) (813) (1,050) (751)
Issuance of treasury stock 9 20 45 52 31 53
Dividends paid on PPG common stock (103) (205) (321) (434) (414) (383)
Other (53) (50) (41) (43) 16 (15)
Cash used for financing activities (372) (490) (851) (1,954) (1,210) (812)
Effect of currency exchange rate changes on cash and cash equivalents 30 54 70 69 (68) (63)
Net (decrease) increase in cash and cash equivalents (471) (251) 467 (384) 509 625
Cash and cash equivalents, beginning of year 1,820 1,820 1,820 1,820 1,311 686
Cash and cash equivalents, end of year 1,349 1,569 2,287 1,436 1,820 1,311
Supplemental disclosures of cash flow information:            
Interest paid, net of amount capitalized 23 52 60 100 118 115
Taxes paid, net of refunds $ 90 $ 326 $ 481 $ 648 $ 349 $ 383