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Condensed Consolidated Statement of Cash Flows - USD ($)
shares in Millions, $ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net income attributable to the controlling and noncontrolling interests $ 348 $ 596
Less: Income from discontinued operations (3) (2)
Income from continuing operations 345 594
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 252 244
Pension expense 20 25
Debt extinguishment charge 7 0
Environmental remediation charges 12 40
Business restructuring, net 172 173
Stock-based compensation expense 15 19
Equity affiliate income, net of dividends (4) (6)
Deferred income taxes (8) (7)
Cash contributions to pension plans (5) (6)
Cash used for restructuring actions (34) (23)
Change in certain asset and liability accounts (net of acquisitions):    
Receivables 92 (431)
Inventories (29) (97)
Other current assets 18 (70)
Accounts payable and accrued liabilities (347) 60
Taxes and interest payable (58) (21)
Noncurrent assets and liabilities, net 5 (10)
Other (140) (10)
Cash from operating activities - continuing operations 321 486
Cash from/(used for) operating activities - discontinued operations 1 (4)
Cash from operating activities 322 482
Investing activities:    
Capital expenditures (92) (133)
Business acquisitions, net of cash balances acquired (45) (361)
Payments for the settlement of cross currency swap contracts (3) (6)
Proceeds from the settlement of cross currency swap contracts 12 19
Other 17 24
Cash used for investing activities (111) (457)
Financing activities:    
Net change in borrowing with maturities of three months or less (7) 6
Proceeds on commercial paper and short-term debt, net of payments 1,434 470
Proceeds from revolving credit facility 800 0
Repayments of Lines of Credit (800) 0
Proceeds from the issuance of debt, net of discounts and fees 296 0
Repayment of long-term debt (506) (2)
Repayment of acquired debt 9 23
Purchase of treasury stock 0 (175)
Issuance of treasury stock 6 22
Payments related to tax withholding on stock-based compensation awards (8) (12)
Dividends paid on PPG common stock (241) (227)
Other (38) (27)
Cash from financing activities 927 32
Effect of currency exchange rate changes on cash and cash equivalents (102) 4
Net increase in cash and cash equivalents 1,036 61
Cash and cash equivalents, beginning of period 1,216 902
Cash and cash equivalents, end of period 2,252 963
Interest paid, net of amount capitalized 82 68
Taxes paid, net of refunds $ 187 $ 194
Reissuance of common stock for business acquisition 0 164