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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,020 $ 1,436
Short-term investments 63 55
Receivables (less allowance for doubtful accounts of $23 and $25) 3,438 2,903
Inventories 1,956 1,730
Other 402 353
Total current assets 6,879 6,477
Property, plant and equipment (net of accumulated depreciation of $3,848 and $3,770) 2,738 2,824
Goodwill 3,920 3,942
Identifiable intangible assets, net 1,986 2,045
Deferred income taxes 290 305
Investments 258 268
Other assets 723 677
Total 16,794 16,538
Current liabilities:    
Accounts payable and accrued liabilities 3,893 3,781
Restructuring reserves 132 102
Short-term debt and current portion of long-term debt 22 12
Total current liabilities 4,047 3,895
Long-term debt 5,048 4,134
Accrued pensions 674 729
Other postretirement benefits 688 699
Deferred income taxes 425 442
Other liabilities 929 967
Total liabilities 11,811 10,866
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 769 756
Retained earnings 17,725 17,140
Treasury stock, at cost (12,304) (11,251)
Accumulated other comprehensive loss (2,275) (2,057)
Total PPG shareholders’ equity 4,884 5,557
Noncontrolling interests 99 115
Total shareholders’ equity 4,983 5,672
Total $ 16,794 $ 16,538