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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 963 $ 902
Short-term investments 53 61
Receivables (less allowance for doubtful accounts of $26 and $24) 3,332 2,845
Inventories 1,945 1,783
Other current assets 414 370
Total current assets 6,707 5,961
Property, plant and equipment (net of accumulated depreciation of $3,963 and $3,828) 2,929 2,805
Goodwill 4,312 4,070
Identifiable intangible assets, net 2,081 1,972
Deferred income taxes 199 229
Investments 251 251
Operating 731 0
Other assets 745 727
Total 17,955 16,015
Current liabilities:    
Accounts payable and accrued liabilities 3,746 3,623
Restructuring reserves 139 99
Short-term debt and current portion of long-term debt 654 651
Operating 167 0
Total current liabilities 4,706 4,373
Long-term debt 4,845 4,365
Operating 572 0
Accrued pensions 637 645
Other postretirement benefits 621 629
Deferred income taxes 382 429
Other liabilities 1,005 842
Total liabilities 12,768 11,283
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 913 788
Retained earnings 18,488 18,131
Treasury stock, at cost (13,061) (12,958)
Accumulated other comprehensive loss (2,230) (2,300)
Total PPG shareholders’ equity 5,079 4,630
Noncontrolling interests 108 102
Total shareholders’ equity 5,187 4,732
Total $ 17,955 $ 16,015