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Condensed Consolidated Statement of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net sales $ 3,781 $ 3,486
Cost of sales, exclusive of depreciation and amortization 2,181 1,902
Selling, general and administrative 906 875
Depreciation 87 79
Amortization 36 31
Research and development, net 112 109
Interest expense 26 25
Interest income (5) (4)
Pension settlement charge 0 22
Other charges 41 25
Other income (24) (24)
Income from continuing operations before income taxes 421 446
Income tax expense 87 110
Income from continuing operations 334 336
Income from discontinued operations, net of tax 6 6
Net income attributable to the controlling and noncontrolling interests 340 342
Less: Net income attributable to noncontrolling interests (6) (5)
Net income (attributable to PPG) 334 337
Income from continuing operations, net of tax 328 331
Income from discontinued operations, net of tax $ 6 $ 6
Income from continuing operations, net of tax (in usd per share) $ 1.32 $ 1.29
Income from discontinued operations, net of tax (in usd per share) 0.02 0.02
Net income (attributable to PPG) (in usd per share) 1.34 1.31
Income from continuing operations, net of tax (in usd per share) 1.31 1.28
Income from discontinued operations, net of tax (in usd per share) 0.02 0.02
Net income (attributable to PPG) (in usd per share) 1.33 1.30
Dividends per common share (in usd per share) $ 0.45 $ 0.40