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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,195 $ 1,826
Short-term investments 110 96
Receivables, net 3,498 2,726
Inventories 2,226 1,735
Other current assets 417 415
Total current assets 7,446 6,798
Property, plant and equipment (net of accumulated depreciation of $4,484 and $4,349) 3,424 3,127
Goodwill 6,233 5,102
Identifiable intangible assets, net 3,024 2,351
Deferred income taxes 338 379
Investments 269 267
Operating Lease, Right-of-Use Asset 934 847
Other assets 685 685
Total 22,353 19,556
Current liabilities:    
Accounts payable and accrued liabilities 4,318 3,792
Restructuring reserves 206 281
Short-term debt and current portion of long-term debt 770 578
Operating Lease, Liability, Current 194 180
Total current liabilities 5,488 4,831
Long-term debt 6,387 5,171
Operating Lease, Liability, Noncurrent 736 677
Accrued pensions 951 945
Other postretirement benefits 720 733
Deferred income taxes 683 435
Other liabilities 977 949
Total liabilities 15,942 13,741
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,053 1,008
Retained earnings 20,022 19,469
Treasury stock, at cost (13,138) (13,158)
Accumulated other comprehensive loss (2,664) (2,599)
Total PPG shareholders’ equity 6,242 5,689
Noncontrolling interests 169 126
Total shareholders’ equity 6,411 5,815
Total $ 22,353 $ 19,556