Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2018

MetoKote Corporation

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

($ in millions)
Current assets		$38
Property, plant, and equipment	73
Identifiable intangible assets with finite lives	86
Goodwill	166
Deferred income taxes (a)	(12		)
Total assets		$351
Current liabilities	(23		)
Other long-term liabilities	(22		)
Total liabilities		($45	)
Total purchase price, net of cash acquired		$306

Glass Segment

Business Acquisition [Line Items]

Disposal Groups, Including Discontinued Operations

The net sales and income from discontinued operations related to the former Glass segment for the three years ended December 31, 2018, 2017, and 2016 were as follows:

($ in millions)	2018		2017		2016
Net sales		$—		$217		$908
Income from operations		$21		$30		$111
Net gains on the divestitures of businesses	—		343		421
Income tax expense	5		140		202
Income from discontinued operations, net of tax		$16		$233		$330

During 2018, PPG released $13 million of previously recorded accruals and contingencies established in conjunction with the divestitures of businesses within the former Glass segment as a result of completed actions, new information and updated estimates. Also during 2018, PPG made a final payment of $20 million to Vitro S.A.B. de C.V related to the transfer of certain pension obligations upon the sale of the former flat glass business.

North American Fiber Glass Business

On September 1, 2017, PPG completed the sale of its North American fiber glass business to Nippon Electric Glass Co. Ltd. (“NEG”). Cash proceeds from the sale were $541 million, resulting in a pre-tax gain of $343 million, net of certain accruals and contingencies established in conjunction with the divestiture.

PPG’s fiber glass operations included manufacturing facilities in Chester, South Carolina, and Lexington and Shelby, North Carolina; and administrative and research-and-development operations in Shelby and in Harmar, Pennsylvania, near Pittsburgh. The business, which employed more than 1,000 people and had net sales of approximately $350 million in 2016, supplies the transportation, energy, infrastructure and consumer markets.