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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 1,099 $ 1,005
Short-term investments 55 67
Receivables 3,303 3,152
Inventories 2,272 2,171
Other current assets 444 379
Total current assets 7,173 6,774
Property, plant and equipment, net 3,328 3,442
Goodwill 6,078 6,248
Identifiable intangible assets, net 2,414 2,783
Deferred income taxes 95 197
Investments 244 274
Operating lease right-of-use assets 829 891
Other assets 583 742
Total 20,744 21,351
Current liabilities    
Accounts payable and accrued liabilities 4,087 4,392
Restructuring reserves 138 173
Short-term debt and current portion of long-term debt 313 9
Current portion of operating lease liabilities 183 192
Total current liabilities 4,721 4,766
Long-term debt 6,503 6,572
Operating lease liabilities 636 693
Accrued pensions 566 834
Other postretirement benefits 476 672
Deferred income taxes 501 646
Other liabilities 632 757
Total liabilities 14,035 14,940
Commitments and contingent liabilities (See Note 15)
Shareholders’ equity    
Common stock 969 969
Additional paid-in capital 1,130 1,081
Retained earnings 20,828 20,372
Treasury stock, at cost (13,525) (13,386)
Accumulated other comprehensive loss (2,810) (2,750)
Total PPG shareholders’ equity 6,592 6,286
Noncontrolling interests 117 125
Total shareholders’ equity 6,709 6,411
Total $ 20,744 $ 21,351