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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 784 $ 902
Short-term investments 55 61
Receivables (less allowance for doubtful accounts of $26 and $24) 3,197 2,845
Inventories 1,965 1,783
Other 408 370
Total current assets 6,409 5,961
Property, plant and equipment (net of accumulated depreciation of $3,897 and $3,828) 2,866 2,805
Goodwill 4,103 4,070
Identifiable intangible assets, net 2,020 1,972
Deferred income taxes 242 229
Investments 261 251
Operating 726 0
Other assets 744 727
Total 17,371 16,015
Current liabilities:    
Accounts payable and accrued liabilities 3,684 3,623
Restructuring reserves 83 99
Short-term debt and current portion of long-term debt 653 651
Operating 168 0
Total current liabilities 4,588 4,373
Long-term debt 4,626 4,365
Operating 566 0
Accrued pensions 646 645
Other postretirement benefits 623 629
Deferred income taxes 447 429
Other liabilities 865 842
Total liabilities 12,361 11,283
Shareholders’ equity:    
Common stock 969  
Additional paid-in capital 899  
Retained earnings 18,330  
Treasury stock, at cost (13,070)  
Accumulated other comprehensive loss (2,224) (2,300)
Total PPG shareholders’ equity 4,904 4,630
Noncontrolling interests 106  
Total shareholders’ equity 5,010 4,732
Total $ 17,371 $ 16,015