XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statement of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 4,644 $ 4,468 $ 13,896 $ 13,467
Cost of sales, exclusive of depreciation and amortization 2,752 2,821 8,214 8,473
Selling, general and administrative 1,047 931 3,108 2,887
Depreciation 102 95 287 296
Amortization 40 40 121 125
Research and development, net 108 110 322 340
Interest expense 64 46 190 114
Interest income (39) (14) (96) (34)
Impairment and other related charges, net 0 0 0 230
Pension settlement charge 0 0 190 0
Other charges/(income), net 13 21 4 (26)
Income before income taxes 557 418 1,556 1,062
Income tax expense 121 79 350 252
Income from continuing operations 436 339 1,206 810
Loss from discontinued operations, net of tax 0 0 0 (2)
Net income attributable to the controlling and noncontrolling interests 436 339 1,206 808
Net income attributable to noncontrolling interests 10 10 26 20
Net income (attributable to PPG) 426 329 1,180 788
Income from continuing operations, net of tax 426 329 1,180 790
Loss from discontinued operations, net of tax $ 0 $ 0 $ 0 $ (2)
Income from continuing operations (in dollars per share) $ 1.80 $ 1.40 $ 5.00 $ 3.34
Loss from discontinued operations (in dollars per share) 0 0 0 (0.01)
Earnings per common share (attributable to PPG) (in dollars per share) 1.80 1.40 5.00 3.33
Income from continuing operations, per diluted share (in dollars per share) 1.79 1.39 4.97 3.33
Loss from discontinued operations, per diluted share (in dollars per share) 0 0 0 (0.01)
Earnings per common share (attributable to PPG) - assuming dilution (in dollars per share) $ 1.79 $ 1.39 $ 4.97 $ 3.32