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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 960  
Short-term investments 73 $ 67
Receivables, net 3,659 3,152
Inventories 2,439 2,171
Other current assets 496 379
Total current assets 7,627 6,774
Property, plant and equipment (net of accumulated depreciation of $4,564 and $4,532) 3,322 3,442
Goodwill 6,232 6,248
Identifiable intangible assets, net 2,590 2,783
Deferred income taxes 237 197
Investments 267 274
Operating lease right-of-use assets 879 891
Other assets 734 742
Total 21,888 21,351
Current liabilities:    
Accounts payable and accrued liabilities 4,492 4,392
Restructuring reserves 171 173
Short-term debt and current portion of long-term debt 319 9
Current portion of operating lease liabilities 190 192
Total current liabilities 5,172 4,766
Long-term debt 6,834 6,572
Operating lease liabilities 684 693
Accrued pensions 821 834
Other postretirement benefits 668 672
Deferred income taxes 667 646
Other liabilities 709 757
Total liabilities 15,555 14,940
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,093 1,081
Retained earnings 20,251 20,372
Treasury stock, at cost (13,381) (13,386)
Accumulated other comprehensive loss (2,714) (2,750)
Total PPG shareholders’ equity 6,218 6,286
Noncontrolling interests 115 125
Total shareholders’ equity 6,333 6,411
Total $ 21,888 $ 21,351