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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,886 $ 1,216
Short-term investments 50 57
Receivables, net 2,804 2,756
Inventories 1,859 1,710
Other current assets 467 431
Total current assets 7,066 6,170
Property, plant and equipment (net of accumulated depreciation of $4,065 and $4,082) 2,863 2,983
Goodwill 4,243 4,470
Identifiable intangible assets, net 1,918 2,131
Deferred income taxes 183 220
Investments 245 258
Operating 784 782
Other assets 762 694
Total 18,064 17,708
Current liabilities:    
Accounts payable and accrued liabilities 3,367 3,496
Restructuring reserves 206 196
Short-term debt and current portion of long-term debt 1,456 513
Operating 166 170
Total current liabilities 5,195 4,375
Long-term debt 4,751 4,539
Operating 627 622
Accrued pensions 737 745
Other postretirement benefits 656 661
Deferred income taxes 399 452
Other liabilities 862 911
Total liabilities 13,227 12,305
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 954 950
Retained earnings 19,029 18,906
Treasury stock, at cost (13,187) (13,191)
Accumulated other comprehensive loss (3,042) (2,350)
Total PPG shareholders’ equity 4,723 5,284
Noncontrolling interests 114 119
Total shareholders’ equity 4,837 5,403
Total $ 18,064 $ 17,708