XML 14 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statement of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 4,575 $ 4,644 $ 13,680 $ 13,896
Cost of sales, exclusive of depreciation and amortization 2,663 2,752 7,842 8,214
Selling, general and administrative 1,062 1,047 3,203 3,108
Depreciation 97 102 298 287
Amortization 32 40 106 121
Research and development, net 105 108 325 322
Interest expense 67 64 184 190
Interest income (48) (39) (135) (96)
Pension settlement charge 0 0 0 190
Other (income)/charges, net (14) 13 15 4
Income before income taxes 611 557 1,842 1,556
Income tax expense 137 121 422 350
Net income attributable to the controlling and noncontrolling interests 474 436 1,420 1,206
Net income attributable to noncontrolling interests 6 10 24 26
Net income (attributable to PPG) $ 468 $ 426 $ 1,396 $ 1,180
Earnings per common share (attributable to PPG) (in dollars per share) $ 2.01 $ 1.80 $ 5.96 $ 5.00
Earnings per common share (attributable to PPG) - assuming dilution (in dollars per share) $ 2.00 $ 1.79 $ 5.93 $ 4.97