XML 24 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statement of Cash Flows - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income attributable to the controlling and noncontrolling interests $ 1,460 $ 1,074 $ 1,269
Income from discontinued operations, net of tax 19 3 0
Income from continuing operations 1,441 1,071 1,269
Adjustments to reconcile net income to cash from operations:      
Depreciation and amortization 561 509 511
Pension (income)/expense (36) 43 54
Pension settlement charge and pension curtailment charge 50 13 0
Asbestos-related claims reserve adjustment (133) 0 12
Business restructuring, net 31 174 176
Impairment charges 21 93 0
Environmental remediation charges and other costs, net 35 26 61
Stock-based compensation expense 57 44 39
Gain from sale of production facility (34) 0 0
Deferred income taxes 35 (47) (5)
Cash contributions to pension plans (10) (17) (13)
Cash used for restructuring actions (77) (126) (58)
Change in certain asset and liability accounts (net of acquisitions):      
Receivables (63) 187 121
Inventories (279) 111 145
Other current assets 32 49 (95)
Accounts payable and accrued liabilities 295 127 (63)
Noncurrent assets and liabilities, net (109) (25) (25)
Taxes and interest payable (64) (108) (32)
Other (191) 5 (13)
Cash from operating activities - continuing operations 1,562 2,129 2,084
Cash from/(used for) operating activities - discontinued operations 0 1 (4)
Cash from operating activities 1,562 2,130 2,080
Investing activities      
Capital expenditures (371) (304) (413)
Business acquisitions, net of cash balances acquired (2,137) (1,169) (643)
Proceeds from sale of production facility 47 0 0
Other 57 26 47
Cash used for investing activities (2,404) (1,447) (1,009)
Financing activities      
Proceeds from Term Loan Credit Agreement, net of fees 1,399 0 0
Proceeds on commercial paper and short-term debt, net of payments 190 1,647 100
Repayment of Term Loan (400) (1,100) 0
Proceeds from revolving credit facility 0 800 0
Repayment of revolving credit facility 0 (800) 0
Proceeds from the issuance of debt, net of discounts and fees 692 415 595
Repayment of long-term debt (850) (504) (637)
Repayment of acquired debt (207) (13) (23)
Payments related to tax withholding on stock-based compensation awards (19) (17) (20)
Purchase of treasury stock (210) 0 (325)
Issuance of treasury stock 47 54 61
Dividends paid on PPG common stock (536) (496) (468)
Purchase of noncontrolling interest 0 0 (39)
Other (13) (45) (2)
Cash from/(used for) financing activities 93 (59) (758)
Effect of currency exchange rate changes on cash and cash equivalents (72) 6 1
Cash reclassified to assets held for sale 0 (20) 0
Net (decrease)/increase in cash and cash equivalents (821) 610 314
Cash and cash equivalents, beginning of year 1,826 1,216 902
Cash and cash equivalents, end of year 1,005 1,826 1,216
Supplemental disclosures of cash flow information:      
Interest paid, net of amount capitalized 140 153 127
Taxes paid, net of refunds 491 367 348
Capital expenditures accrued within Accounts payable and accrued liabilities at year-end 163 37 53
Purchases of treasury stock transacted but not yet settled $ 40 $ 0 $ 0
Reissuance of common stock for business acquisition 0 0 164