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Condensed Consolidated Statement of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 4,794 $ 4,872 $ 9,105 $ 9,252
Cost of sales, exclusive of depreciation and amortization 2,734 2,866 5,179 5,462
Selling, general and administrative 1,077 1,069 2,141 2,061
Depreciation 98 93 201 185
Amortization 36 40 74 81
Research and development, net 111 110 220 214
Interest expense 62 67 117 126
Interest income (45) (32) (87) (57)
Pension settlement charge 0 0 0 190
Other charges/(income), net 28 13 29 (9)
Income before income taxes 693 646 1,231 999
Income tax expense 156 149 285 229
Net income attributable to the controlling and noncontrolling interests 537 497 946 770
Net income attributable to noncontrolling interests 9 7 18 16
Net income (attributable to PPG) $ 528 $ 490 $ 928 $ 754
Earnings per common share (attributable to PPG) (in dollars per share) $ 2.25 $ 2.08 $ 3.95 $ 3.20
Earnings per common share (attributable to PPG) - assuming dilution (in dollars per share) $ 2.24 $ 2.06 $ 3.93 $ 3.18