XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,181 $ 1,514
Short-term investments 54 75
Receivables, net 3,581 3,279
Inventories 2,331 2,127
Other current assets 524 436
Total current assets 7,671 7,431
Property, plant and equipment (net of accumulated depreciation of $4,995 and $4,963) 3,633 3,644
Goodwill 6,140 6,200
Identifiable intangible assets, net 2,399 2,424
Deferred income taxes 340 273
Investments 275 259
Operating lease right-of-use assets 808 832
Other assets 601 584
Total 21,867 21,647
Current liabilities:    
Accounts payable and accrued liabilities 4,351 4,467
Restructuring reserves 89 87
Short-term debt and current portion of long-term debt 311 306
Current portion of operating lease liabilities 192 194
Total current liabilities 4,943 5,054
Long-term debt 5,940 5,748
Operating lease liabilities 600 622
Accrued pensions 608 588
Other postretirement benefits 448 450
Deferred income taxes 554 508
Other liabilities 648 654
Total liabilities 13,741 13,624
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,222 1,202
Retained earnings 21,747 21,500
Treasury stock, at cost (13,746) (13,600)
Accumulated other comprehensive loss (2,251) (2,239)
Total PPG shareholders’ equity 7,941 7,832
Noncontrolling interests 185 191
Total shareholders’ equity 8,126 8,023
Total $ 21,867 $ 21,647