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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,346 $ 1,436
Short-term investments 58 55
Receivables (less allowance for doubtful accounts of $23 and $25) 3,343 2,903
Inventories 1,963 1,730
Other 400 353
Total current assets 7,110 6,477
Property, plant and equipment (net of accumulated depreciation of $3,865 and $3,770) 2,862 2,824
Goodwill 4,100 3,942
Identifiable intangible assets, net 2,132 2,045
Deferred income taxes 351 305
Investments 270 268
Other assets 719 677
Total 17,544 16,538
Current liabilities:    
Accounts payable and accrued liabilities 3,924 3,781
Restructuring reserves 87 102
Short-term debt and current portion of long-term debt 19 12
Total current liabilities 4,030 3,895
Long-term debt 5,199 4,134
Accrued pensions 694 729
Other postretirement benefits 698 699
Deferred income taxes 471 442
Other liabilities 985 967
Total liabilities 12,077 10,866
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 761 756
Retained earnings 17,464 17,140
Treasury stock, at cost (11,843) (11,251)
Accumulated other comprehensive loss (2,005) (2,057)
Total PPG shareholders’ equity 5,346 5,557
Noncontrolling interests 121 115
Total shareholders’ equity 5,467 5,672
Total $ 17,544 $ 16,538