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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,005 $ 1,826
Short-term investments 67 96
Receivables 3,152 2,726
Inventories 2,171 1,735
Other 379 415
Total current assets 6,774 6,798
Property, plant and equipment, net 3,442 3,127
Goodwill 6,248 5,102
Identifiable intangible assets, net 2,783 2,351
Deferred income taxes 197 379
Investments 274 267
Operating lease, right-of-use asset 891 847
Other assets 742 685
Total 21,351 19,556
Current liabilities    
Accounts payable and accrued liabilities 4,392 3,792
Restructuring reserves 173 281
Short-term debt and current portion of long-term debt 9 578
Current portion of operating lease liabilities 192 180
Total current liabilities 4,766 4,831
Long-term debt 6,572 5,171
Operating lease liabilities 693 677
Accrued pensions 834 945
Other postretirement benefits 672 733
Deferred income taxes 646 435
Other liabilities 757 949
Total liabilities 14,940 13,741
Commitments and contingent liabilities (See Note 14)
Shareholders’ equity    
Common stock 969 969
Additional paid-in capital 1,081 1,008
Retained earnings 20,372 19,469
Treasury stock, at cost (13,386) (13,158)
Accumulated other comprehensive loss (2,750) (2,599)
Total PPG shareholders’ equity 6,286 5,689
Noncontrolling interests 125 126
Total shareholders’ equity 6,411 5,815
Total $ 21,351 $ 19,556