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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 902 $ 1,436
Short-term investments 61 55
Receivables 2,845 2,903
Inventories 1,783 1,730
Other 370 353
Total current assets 5,961 6,477
Property, plant and equipment, net 2,805 2,824
Goodwill 4,070 3,942
Identifiable intangible assets, net 1,972 2,045
Deferred income taxes 229 305
Investments 251 268
Other assets 727 677
Total 16,015 16,538
Current liabilities    
Accounts payable and accrued liabilities 3,623 3,781
Restructuring reserves 99 102
Short-term debt and current portion of long-term debt 651 12
Total current liabilities 4,373 3,895
Long-term debt 4,365 4,134
Accrued pensions 645 729
Other postretirement benefits 629 699
Deferred income taxes 429 442
Other liabilities 842 967
Total liabilities 11,283 10,866
Commitments and contingent liabilities (See Note 14)
Shareholders’ equity    
Common stock 969 969
Additional paid-in capital 788 756
Retained earnings 18,131 17,140
Treasury stock, at cost (12,958) (11,251)
Accumulated other comprehensive loss (2,300) (2,057)
Total PPG shareholders’ equity 4,630 5,557
Noncontrolling interests 102 115
Total shareholders’ equity 4,732 5,672
Total $ 16,015 $ 16,538