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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 2,008 $ 1,216
Short-term investments 87 57
Receivables, net 2,843 2,756
Inventories 1,672 1,710
Other current assets 392 431
Total current assets 7,002 6,170
Property, plant and equipment (net of accumulated depreciation of $4,281 and $4,082) 2,897 2,983
Goodwill 4,419 4,470
Identifiable intangible assets, net 1,930 2,131
Deferred income taxes 257 220
Investments 267 258
Operating Lease, Right-of-Use Asset 829 782
Other assets 699 694
Total 18,300 17,708
Current liabilities:    
Accounts payable and accrued liabilities 3,482 3,496
Restructuring reserves 282 196
Short-term debt and current portion of long-term debt 675 513
Operating Lease, Liability, Current 174 170
Total current liabilities 4,613 4,375
Long-term debt 4,828 4,539
Operating Lease, Liability, Noncurrent 670 622
Accrued pensions 711 745
Other postretirement benefits 653 661
Deferred income taxes 436 452
Other liabilities 965 911
Total liabilities 12,876 12,305
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 980 950
Retained earnings 19,325 18,906
Treasury stock, at cost (13,176) (13,191)
Accumulated other comprehensive loss (2,788) (2,350)
Total PPG shareholders’ equity 5,310 5,284
Noncontrolling interests 114 119
Total shareholders’ equity 5,424 5,403
Total $ 18,300 $ 17,708