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Condensed Consolidated Statement of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 4,872 $ 4,691 $ 9,252 $ 8,999
Cost of sales, exclusive of depreciation and amortization 2,866 2,954 5,462 5,652
Selling, general and administrative 1,069 982 2,061 1,956
Depreciation 93 99 185 201
Amortization 40 42 81 85
Research and development, net 110 115 214 230
Interest expense 67 38 126 68
Interest income (32) (11) (57) (20)
Impairment and other related charges, net 0 (60) 0 230
Pension settlement charge 0 0 190 0
Other charges/(income), net 13 (34) (9) (47)
Income before income taxes 646 566 999 644
Income tax expense 149 118 229 173
Income from continuing operations 497 448 770 471
Loss from discontinued operations, net of tax 0 (2) 0 (2)
Net income attributable to the controlling and noncontrolling interests 497 446 770 469
Net income attributable to noncontrolling interests 7 5 16 10
Net income (attributable to PPG) 490 441 754 459
Income from continuing operations, net of tax 490 443 754 461
Loss from discontinued operations, net of tax $ 0 $ (2) $ 0 $ (2)
Income from continuing operations (in dollars per share) $ 2.08 $ 1.87 $ 3.20 $ 1.95
Loss from discontinued operations (in dollars per share) 0 (0.01) 0 (0.01)
Earnings per common share (attributable to PPG) (in dollars per share) 2.08 1.86 3.20 1.94
Income from continuing operations, per diluted share (in dollars per share) 2.06 1.86 3.18 1.94
Loss from discontinued operations, per diluted share (in dollars per share) 0 (0.01) 0 (0.01)
Earnings per common share (attributable to PPG) - assuming dilution (in dollars per share) $ 2.06 $ 1.85 $ 3.18 $ 1.93