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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,228 $ 1,099
Short-term investments 68 55
Receivables, net 3,821 3,303
Inventories 2,506 2,272
Other current assets 445 444
Total current assets 8,068 7,173
Property, plant and equipment (net of accumulated depreciation of $4,841 and $4,649) 3,418 3,328
Goodwill 6,294 6,078
Identifiable intangible assets, net 2,493 2,414
Deferred income taxes 243 95
Investments 262 244
Operating lease right-of-use assets 836 829
Other assets 602 583
Total 22,216 20,744
Current liabilities:    
Accounts payable and accrued liabilities 4,306 4,087
Restructuring reserves 113 138
Short-term debt and current portion of long-term debt 809 313
Current portion of operating lease liabilities 188 183
Total current liabilities 5,416 4,721
Long-term debt 6,099 6,503
Operating lease liabilities 633 636
Accrued pensions 569 566
Other postretirement benefits 473 476
Deferred income taxes 577 501
Other liabilities 657 632
Total liabilities 14,424 14,035
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,166 1,130
Retained earnings 21,290 20,828
Treasury stock, at cost (13,512) (13,525)
Accumulated other comprehensive loss (2,299) (2,810)
Total PPG shareholders’ equity 7,614 6,592
Noncontrolling interests 178 117
Total shareholders’ equity 7,792 6,709
Total $ 22,216 $ 20,744