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Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 1,103 $ 1,436
Short-term investments 57 55
Receivables (less allowance for doubtful accounts of $25 in each period) 3,217 2,903
Inventories 1,962 1,730
Other 402 353
Total current assets 6,741 6,477
Property, plant and equipment (net of accumulated depreciation of $3,880 and $3,770) 2,738 2,824
Goodwill 3,939 3,942
Identifiable intangible assets, net 2,004 2,045
Deferred income taxes 306 305
Investments 266 268
Other assets 724 677
Total 16,718 16,538
Current liabilities:    
Accounts payable and accrued liabilities 3,806 3,781
Restructuring reserves 112 102
Short-term debt and current portion of long-term debt 15 12
Total current liabilities 3,933 3,895
Long-term debt 5,023 4,134
Accrued pensions 626 729
Other postretirement benefits 685 699
Deferred income taxes 460 442
Other liabilities 913 967
Total liabilities 11,640 10,866
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 772 756
Retained earnings 17,987 17,140
Treasury stock, at cost (12,551) (11,251)
Accumulated other comprehensive loss (2,197) (2,057)
Total PPG shareholders’ equity 4,980 5,557
Noncontrolling interests 98 115
Total shareholders’ equity 5,078 5,672
Total $ 16,718 $ 16,538