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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,252 $ 1,216
Short-term investments 45 57
Receivables, net 2,673 2,756
Inventories 1,706 1,710
Other current assets 401 431
Total current assets 7,077 6,170
Property, plant and equipment (net of accumulated depreciation of $4,176 and $4,082) 2,865 2,983
Goodwill 4,307 4,470
Identifiable intangible assets, net 1,916 2,131
Deferred income taxes 188 220
Investments 251 258
Operating Lease, Right-of-Use Asset 826 782
Other assets 740 694
Total 18,170 17,708
Current liabilities:    
Accounts payable and accrued liabilities 3,055 3,496
Restructuring reserves 320 196
Short-term debt and current portion of long-term debt 1,688 513
Operating Lease, Liability, Current 171 170
Total current liabilities 5,234 4,375
Long-term debt 4,613 4,539
Operating Lease, Liability, Noncurrent 669 622
Accrued pensions 727 745
Other postretirement benefits 656 661
Deferred income taxes 397 452
Other liabilities 936 911
Total liabilities 13,232 12,305
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 962 950
Retained earnings 19,010 18,906
Treasury stock, at cost (13,184) (13,191)
Accumulated other comprehensive loss (2,925) (2,350)
Total PPG shareholders’ equity 4,832 5,284
Noncontrolling interests 106 119
Total shareholders’ equity 4,938 5,403
Total $ 18,170 $ 17,708