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Consolidated Statement of Cash Flows - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income attributable to the controlling and noncontrolling interests $ 1,074 $ 1,269 $ 1,358
Income from discontinued operations, net of tax 3 0 18
Income from continuing operations 1,071 1,269 1,340
Adjustments to reconcile net income to cash from operations:      
Depreciation and amortization 509 511 497
Pension expense 43 54 43
Pension curtailment charges 13 0 0
Gain (Loss) on Extinguishment of Debt 7 0 0
Business restructuring 174 176 66
Impairment charges 93 0 0
Environmental remediation charges and other costs, net 26 61 77
Stock-based compensation expense 44 39 37
Gain on sale of land 0 0 (26)
Equity affiliate loss/(income), net of dividends 10 4 (1)
Deferred income taxes (47) (5) 45
Cash contributions to pension plans (17) (13) (99)
Cash used for restructuring actions (126) (58) (66)
Change in certain asset and liability accounts (net of acquisitions):      
Receivables 187 121 (69)
Inventories 111 145 (109)
Other current assets 49 (95) 5
Accounts payable and accrued liabilities 127 (63) (76)
Noncurrent assets and liabilities, net (25) (13) (207)
Taxes and interest payable (108) (32) 50
Other (12) (17) (20)
Cash from operating activities - continuing operations 2,129 2,084 1,487
Cash from/(used for) operating activities - discontinued operations 1 (4) (20)
Cash from operating activities 2,130 2,080 1,467
Investing activities      
Capital expenditures (304) (413) (411)
Business acquisitions, net of cash balances acquired (1,169) (643) (378)
Proceeds from sale of land 0 0 27
Payments for the settlement of cross currency swap contracts (5) (8) (28)
Proceeds from the settlement of cross currency swap contracts 22 28 23
Other 9 27 3
Cash used for investing activities (1,447) (1,009) (764)
Financing activities      
Net change in borrowings with maturities of three months or less (6) 6 (1)
Proceeds on commercial paper and short-term debt, net of payments 1,647 100 (2)
Repayment of Term Loan (1,100) 0 0
Proceeds from revolving credit facility 800 0 0
Repayment of revolving credit facility (800) 0 0
Proceeds from the issuance of debt, net of discounts and fees 415 595 992
Repayment of long-term debt (504) (637) (6)
Repayment of acquired debt (13) (23) 0
Payments related to tax withholding on stock-based compensation awards (17) (20) (15)
Purchase of treasury stock 0 (325) (1,721)
Issuance of treasury stock 54 61 15
Dividends paid on PPG common stock (496) (468) (453)
Purchase of noncontrolling interest 0 (39) 0
Other (39) (8) (14)
Cash used for financing activities (59) (758) (1,205)
Effect of currency exchange rate changes on cash and cash equivalents 6 1 (32)
Cash reclassified to assets held for sale (20) 0 0
Net increase/(decrease) in cash and cash equivalents 610 314 (534)
Cash and cash equivalents, beginning of year 1,216 902 1,436
Cash and cash equivalents, end of year 1,826 1,216 902
Supplemental disclosures of cash flow information:      
Interest paid, net of amount capitalized 153 127 108
Taxes paid, net of refunds $ 367 $ 348 $ 380
Reissuance of common stock for business acquisition 0 164 0