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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 931 $ 1,005
Short-term investments 61 67
Receivables, net 3,818 3,152
Inventories 2,481 2,171
Other current assets 465 379
Total current assets 7,756 6,774
Property, plant and equipment (net of accumulated depreciation of $4,503 and $4,532) 3,214 3,442
Goodwill 6,119 6,248
Identifiable intangible assets, net 2,449 2,783
Deferred income taxes 211 197
Investments 250 274
Operating lease right-of-use assets 833 891
Other assets 740 742
Total 21,572 21,351
Current liabilities:    
Accounts payable and accrued liabilities 4,511 4,392
Restructuring reserves 146 173
Short-term debt and current portion of long-term debt 325 9
Current portion of operating lease liabilities 183 192
Total current liabilities 5,165 4,766
Long-term debt 6,766 6,572
Operating lease liabilities 641 693
Accrued pensions 804 834
Other postretirement benefits 661 672
Deferred income taxes 573 646
Other liabilities 671 757
Total liabilities 15,281 14,940
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,111 1,081
Retained earnings 20,552 20,372
Treasury stock, at cost (13,528) (13,386)
Accumulated other comprehensive loss (2,922) (2,750)
Total PPG shareholders’ equity 6,182 6,286
Noncontrolling interests 109 125
Total shareholders’ equity 6,291 6,411
Total $ 21,572 $ 21,351