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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 1,432 $ 902
Short-term investments 58 61
Receivables (less allowance for doubtful accounts of $27 and $24) 3,028 2,845
Inventories 1,860 1,783
Other current assets 439 370
Total current assets 6,817 5,961
Property, plant and equipment (net of accumulated depreciation of $3,964 and $3,828) 2,862 2,805
Goodwill 4,335 4,070
Identifiable intangible assets, net 2,083 1,972
Deferred income taxes 194 229
Investments 254 251
Operating 742 0
Other assets 777 727
Total 18,064 16,015
Current liabilities:    
Accounts payable and accrued liabilities 3,636 3,623
Restructuring reserves 141 99
Short-term debt and current portion of long-term debt 639 651
Operating 162 0
Total current liabilities 4,578 4,373
Long-term debt 4,885 4,365
Operating 588 0
Accrued pensions 627 645
Other postretirement benefits 616 629
Deferred income taxes 455 429
Other liabilities 960 842
Total liabilities 12,709 11,283
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 925 788
Retained earnings 18,735 18,131
Treasury stock, at cost (13,054) (12,958)
Accumulated other comprehensive loss (2,328) (2,300)
Total PPG shareholders’ equity 5,247 4,630
Noncontrolling interests 108 102
Total shareholders’ equity 5,355 4,732
Total $ 18,064 $ 16,015