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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,514 $ 1,099
Short-term investments 75 55
Receivables 3,279 3,303
Inventories 2,127 2,272
Other current assets 436 444
Total current assets 7,431 7,173
Property, plant and equipment, net 3,644 3,328
Goodwill 6,200 6,078
Identifiable intangible assets, net 2,424 2,414
Deferred income taxes 273 95
Investments 259 244
Operating lease right-of-use assets 832 829
Other assets 584 583
Total 21,647 20,744
Current liabilities    
Accounts payable and accrued liabilities 4,467 4,087
Restructuring reserves 87 138
Short-term debt and current portion of long-term debt 306 313
Current portion of operating lease liabilities 194 183
Total current liabilities 5,054 4,721
Long-term debt 5,748 6,503
Operating lease liabilities 622 636
Accrued pensions 588 566
Other postretirement benefits 450 476
Deferred income taxes 508 501
Other liabilities 654 632
Total liabilities 13,624 14,035
Commitments and contingent liabilities (See Note 15)
Shareholders’ equity    
Common stock 969 969
Additional paid-in capital 1,202 1,130
Retained earnings 21,500 20,828
Treasury stock, at cost (13,600) (13,525)
Accumulated other comprehensive loss (2,239) (2,810)
Total PPG shareholders’ equity 7,832 6,592
Noncontrolling interests 191 117
Total shareholders’ equity 8,023 6,709
Total $ 21,647 $ 20,744