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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,218 $ 1,099
Short-term investments 64 55
Receivables, net 3,612 3,303
Inventories 2,217 2,272
Other current assets 441 444
Total current assets 7,552 7,173
Property, plant and equipment (net of accumulated depreciation of $4,815 and $4,649) 3,406 3,328
Goodwill 6,181 6,078
Identifiable intangible assets, net 2,416 2,414
Deferred income taxes 229 95
Investments 264 244
Operating lease right-of-use assets 825 829
Other assets 628 583
Total 21,501 20,744
Current liabilities:    
Accounts payable and accrued liabilities 4,210 4,087
Restructuring reserves 95 138
Short-term debt and current portion of long-term debt 606 313
Current portion of operating lease liabilities 189 183
Total current liabilities 5,100 4,721
Long-term debt 5,596 6,503
Operating lease liabilities 622 636
Accrued pensions 564 566
Other postretirement benefits 466 476
Deferred income taxes 566 501
Other liabilities 652 632
Total liabilities 13,566 14,035
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,193 1,130
Retained earnings 21,563 20,828
Treasury stock, at cost (13,502) (13,525)
Accumulated other comprehensive loss (2,472) (2,810)
Total PPG shareholders’ equity 7,751 6,592
Noncontrolling interests 184 117
Total shareholders’ equity 7,935 6,709
Total $ 21,501 $ 20,744