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Reportable Business Segment Information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Reportable Business Segment Information Reportable Business Segment Information
PPG is a multinational manufacturer with 10 operating segments (which the Company refers to as “strategic business units”) that are organized based on the Company’s major products lines. The Company’s reportable business segments include the following two segments: Performance Coatings and Industrial Coatings. The operating segments have been aggregated based on economic similarities, the nature of their products, production processes, end-use markets and methods of distribution.
The Performance Coatings reportable business segment is comprised of the automotive refinish coatings, aerospace coatings, architectural coatings – Americas and Asia Pacific, architectural coatings – EMEA, protective and marine coatings and traffic solutions operating segments. This reportable business segment primarily supplies a variety of protective and decorative coatings, sealants and finishes, along with paint strippers, stains and related chemicals, pavement marking products, transparencies and transparent armor.
The Industrial Coatings reportable business segment is comprised of the automotive original equipment manufacturer ("OEM") coatings, industrial coatings, packaging coatings and specialty coatings and materials operating segments. This reportable business segment primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, precipitated silicas and other specialty materials.
Reportable business segment net sales and segment income for the three and six months ended June 30, 2023 and 2022 were as follows: 
Three Months Ended
June 30		Six Months Ended
June 30
($ in millions)2023202220232022
Net sales:
Performance Coatings$3,041 $2,929 $5,669 $5,499 
Industrial Coatings1,831 1,762 3,583 3,500 
Total $4,872 $4,691 $9,252 $8,999 
Segment income:
Performance Coatings$537 $446 $932 $765 
Industrial Coatings250 156 490 296 
Total$787 $602 $1,422 $1,061 
Corporate(85)(55)(152)(107)
Interest expense, net of interest income(35)(27)(69)(48)
Pension settlement charge (a)
— — (190)— 
Insurance recovery of expenses incurred due to a natural disaster (b)
— — 9 — 
Impairment and other related income/(charges), net (c)
— 60 — (230)
Business restructuring-related costs, net (d)
(14)(8)(14)(22)
Transaction-related costs (e)
(7)(6)(7)(10)
Income before income taxes$646 $566 $999 $644 
(a)In the first quarter 2023, PPG purchased group annuity contracts that transferred pension benefit obligations for certain of the Company’s retirees in the U.S. to third-party insurance companies, resulting in a non-cash pension settlement charge.
(b)The Company incurred expenses due to damages at a southern U.S. factory resulting from a hurricane in 2020. In the first quarter 2023, the Company received reimbursement under its insurance policies related to the damages incurred at this factory due to this hurricane.
(c)In the first quarter 2022, the Company recorded impairment and other related charges due to the wind down of the Company’s operations in Russia. In the second quarter 2022, the Company released a portion of the previously established reserves due to the collection of certain trade receivables and recorded recoveries due to the realization of certain previously written-down inventories.
(d)Included in business restructuring-related costs, net are business restructuring charges, accelerated depreciation of certain assets and other related costs, offset by releases related to previously approved programs.