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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Income from continuing operations $ 1,056 $ 1,441 $ 1,071
Adjustments to reconcile net income to cash from operations:      
Depreciation and amortization 554 561 509
Asbestos-related claims reserve adjustment 0 (133) 0
Business restructuring, net 33 31 174
Impairment and other related charges, net 245 21 93
Stock-based compensation expense 35 57 44
Deferred income taxes (157) 35 (47)
Cash contributions to pension plans (11) (10) (17)
Cash used for restructuring actions (85) (77) (126)
Change in certain asset and liability accounts (net of acquisitions):      
Receivables (268) (63) 187
Inventories (227) (279) 111
Other current assets (60) 32 49
Accounts payable and accrued liabilities (8) 295 127
Noncurrent assets and liabilities, net (136) (109) (25)
Taxes and interest payable 143 (64) (108)
Other (151) (176) 88
Cash from operating activities 963 1,562 2,130
Investing activities      
Capital expenditures (518) (371) (304)
Business acquisitions, net of cash balances acquired (114) (2,137) (1,169)
Proceeds from asset sales 117 47 0
Other 54 57 26
Cash used for investing activities (461) (2,404) (1,447)
Financing activities      
Proceeds from Term Loan Credit Agreement, net of fees 0 1,399 0
Repayment of Term Loan Credit Agreement (300) 0 0
Net (payments on)/proceeds from commercial paper and short-term debt (439) 190 150
Proceeds from Term Loan, net of fees 0 0 1,497
Repayment of Term Loan 0 (400) (1,100)
Proceeds from revolving credit facility 0 0 800
Repayment of revolving credit facility 0 0 (800)
Proceeds from the issuance of debt, net of discounts and fees 1,116 692 415
Repayment of long-term debt 0 (847) (500)
Repayment of acquired debt (2) (207) (13)
Purchase of treasury stock (190) (210) 0
Dividends paid on PPG common stock (570) (536) (496)
Other (24) 12 (12)
Cash (used for)/from financing activities (409) 93 (59)
Effect of currency exchange rate changes on cash and cash equivalents 1 (72) 6
Cash reclassified to assets held for sale 0 0 (20)
Net increase/(decrease) in cash and cash equivalents 94 (821) 610
Cash and cash equivalents, beginning of year 1,005 1,826 1,216
Cash and cash equivalents, end of year 1,099 1,005 1,826
Supplemental disclosures of cash flow information:      
Interest paid, net of amount capitalized 156 140 153
Taxes paid, net of refunds 452 491 367
Capital expenditures accrued within Accounts payable and accrued liabilities at year-end 76 163 37
Purchases of treasury stock transacted but not yet settled $ 0 $ 40 $ 0