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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Income from continuing operations $ 1,309 $ 1,056 $ 1,441
Adjustments to reconcile net income to cash from operations:      
Depreciation and amortization 558 554 561
Asbestos-related claims reserve adjustment 0 0 (133)
Impairment and other-related charges, net 160 245 21
Stock-based compensation expense 59 35 57
Deferred income taxes (183) (157) 35
Cash contributions to pension plans (46) (11) (10)
Cash used for restructuring actions (57) (85) (77)
Change in certain asset and liability accounts (net of acquisitions):      
Receivables 10 (268) (63)
Inventories 203 (227) (279)
Other current assets (53) (60) 32
Accounts payable and accrued liabilities 130 (8) 295
Noncurrent assets and liabilities, net (47) (136) (109)
Taxes and interest payable 71 143 (64)
Other 107 (118) (195)
Cash from operating activities 2,411 963 1,562
Investing activities      
Capital expenditures (549) (518) (371)
Business acquisitions, net of cash balances acquired (109) (114) (2,137)
Proceeds from asset sales 36 117 47
Other 66 54 57
Cash used for investing activities (556) (461) (2,404)
Financing activities      
Proceeds from Term Loan Credit Agreement, net of fees 550 0 1,399
Repayment of Term Loan Credit Agreement (1,100) (300) 0
Net (payments on)/proceeds from commercial paper and short-term debt 0 (439) 190
Repayment of Term Loan 0 0 (400)
Proceeds from the issuance of debt, net of discounts and fees 0 1,116 692
Repayment of long-term debt (300) 0 (847)
Repayment of acquired debt 0 (2) (207)
Purchase of treasury stock (86) (190) (210)
Dividends paid on PPG common stock (598) (570) (536)
Other (16) (24) 12
Cash (used for)/from financing activities (1,550) (409) 93
Effect of currency exchange rate changes on cash and cash equivalents 110 1 (72)
Net increase/(decrease) in cash and cash equivalents 415 94 (821)
Cash and cash equivalents, beginning of year 1,099 1,005 1,826
Cash and cash equivalents, end of year 1,514 1,099 1,005
Supplemental disclosures of cash flow information:      
Interest paid, net of amount capitalized 213 156 140
Taxes paid, net of refunds 495 452 491
Capital expenditures accrued within Accounts payable and accrued liabilities at year-end 174 76 163
Purchases of treasury stock transacted but not yet settled 14 0 40
Pension settlement charge $ 190 $ 0 $ 50