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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,251 $ 1,514
Short-term investments 71 75
Receivables, net 3,653 3,279
Inventories 2,263 2,127
Assets held for sale 237 0
Other current assets 438 436
Total current assets 7,913 7,431
Property, plant and equipment (net of accumulated depreciation of $4,854 and $4,963) 3,611 3,644
Goodwill 6,080 6,200
Identifiable intangible assets, net 2,203 2,424
Deferred income taxes 366 273
Investments 300 259
Operating lease right-of-use assets 805 832
Other assets 580 584
Total 21,858 21,647
Current liabilities:    
Accounts payable and accrued liabilities 4,342 4,467
Restructuring reserves 46 87
Short-term debt and current portion of long-term debt 339 306
Current portion of operating lease liabilities 196 194
Liabilities held for sale 73 0
Total current liabilities 4,996 5,054
Long-term debt 6,138 5,748
Operating lease liabilities 596 622
Accrued pensions 584 588
Other postretirement benefits 438 450
Deferred income taxes 496 508
Other liabilities 638 654
Total liabilities 13,886 13,624
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,258 1,202
Retained earnings 22,432 21,500
Treasury stock, at cost (14,091) (13,600)
Accumulated other comprehensive loss (2,780) (2,239)
Total PPG shareholders’ equity 7,788 7,832
Noncontrolling interests 184 191
Total shareholders’ equity 7,972 8,023
Total $ 21,858 $ 21,647