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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,029 $ 1,005
Short-term investments 60 67
Receivables, net 3,541 3,152
Inventories 2,411 2,171
Other current assets 449 379
Total current assets 7,490 6,774
Property, plant and equipment (net of accumulated depreciation of $4,435 and $4,532) 3,140 3,442
Goodwill 5,884 6,248
Identifiable intangible assets, net 2,352 2,783
Deferred income taxes 182 197
Investments 253 274
Operating lease right-of-use assets 815 891
Other assets 752 742
Total 20,868 21,351
Current liabilities:    
Accounts payable and accrued liabilities 4,299 4,392
Restructuring reserves 135 173
Short-term debt and current portion of long-term debt 314 9
Current portion of operating lease liabilities 178 192
Total current liabilities 4,926 4,766
Long-term debt 6,478 6,572
Operating lease liabilities 631 693
Accrued pensions 801 834
Other postretirement benefits 657 672
Deferred income taxes 539 646
Other liabilities 692 757
Total liabilities 14,724 14,940
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,122 1,081
Retained earnings 20,736 20,372
Treasury stock, at cost (13,527) (13,386)
Accumulated other comprehensive loss (3,266) (2,750)
Total PPG shareholders’ equity 6,034 6,286
Noncontrolling interests 110 125
Total shareholders’ equity 6,144 6,411
Total $ 20,868 $ 21,351