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Divestitures
9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Divestitures Divestitures
On August 29, 2024, PPG announced that it entered into a definitive agreement to sell its silicas products business for approximately $310 million. The transaction is expected to close in the fourth quarter 2024, subject to customary closing conditions. Upon entering into this definitive agreement, the Company determined that the assets and
liabilities of the silicas products business met the criteria for classification as held for sale in the condensed consolidated balance sheet as of September 30, 2024. The Company determined that the pending divestiture does not meet the criteria of a discontinued operation as it would not represent a strategic shift for the Company, and therefore, its results are included in the Company's continuing operations within the Industrial Coatings reportable business segment.
The carrying amounts of the major classes of assets and liabilities of the silicas products business classified as held for sale in the condensed consolidated balance sheet were as follows:
($ in millions)September 30, 2024
Receivables, net$50 
Inventories24 
Other current assets
Property, plant and equipment (net of accumulated depreciation of $281)146 
Goodwill
Deferred income taxes
Operating lease right-of-use assets
Other assets
Assets held for sale$237 
Accounts payable and accrued liabilities$65 
Current portion of operating lease liabilities
Operating lease liabilities
Other liabilities
Liabilities held for sale$73