XML 16 R4.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,131 $ 1,514
Short-term investments 61 75
Receivables, net 3,845 3,279
Inventories 2,299 2,127
Other current assets 448 436
Total current assets 7,784 7,431
Property, plant and equipment (net of accumulated depreciation of $4,996 and $4,963) 3,636 3,644
Goodwill 6,047 6,200
Identifiable intangible assets, net 2,266 2,424
Deferred income taxes 319 273
Investments 295 259
Operating lease right-of-use assets 812 832
Other assets 570 584
Total 21,729 21,647
Current liabilities:    
Accounts payable and accrued liabilities 4,332 4,467
Restructuring reserves 60 87
Short-term debt and current portion of long-term debt 639 306
Current portion of operating lease liabilities 194 194
Total current liabilities 5,225 5,054
Long-term debt 5,765 5,748
Operating lease liabilities 604 622
Accrued pensions 587 588
Other postretirement benefits 436 450
Deferred income taxes 509 508
Other liabilities 658 654
Total liabilities 13,784 13,624
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,235 1,202
Retained earnings 22,123 21,500
Treasury stock, at cost (13,897) (13,600)
Accumulated other comprehensive loss (2,663) (2,239)
Total PPG shareholders’ equity 7,767 7,832
Noncontrolling interests 178 191
Total shareholders’ equity 7,945 8,023
Total $ 21,729 $ 21,647