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Other (Income)/Charges, Net
12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other Earnings Other (Income)/Charges, Net
($ in millions)202420232022
Environmental charges(1)
$30 $35 $13 
Pension and other postretirement benefit plans, non-service cost components43 39 (10)
Share of net earnings of equity affiliates (See Note 5)
(20)(21)(25)
(Gain)/loss on sale of businesses (2)
(129)23 (4)
Argentina currency translation charge (3)
110 — — 
Insurance recoveries (4)
(4)(16)— 
Royalty income(10)(10)(8)
Other, net(28)30 (32)
Total Other (income)/charges, net($8)$80 ($66)
(1)In both 2024 and 2023, PPG recognized charges of $24 million related to environmental remediation costs at certain non-operating PPG manufacturing sites.
(2)In the fourth quarter 2024, PPG recognized a $129 million gain on the divestiture of the silicas products business. In 2023, PPG recognized a $22 million loss on the divestitures of the European and Australian traffic solutions businesses.
(3)In the fourth quarter 2024, PPG recognized accumulated foreign currency translation losses of $110 million related to the Company's exit of its Argentina operations in connection with a restructuring program.

(4)In the fourth quarter 2024 and the fourth quarter 2023, the Company received reimbursement for previously approved insurance claims under policies covering legacy asbestos-related matters. In the first quarter 2023, the Company received reimbursement under its insurance policies for damages incurred at a southern U.S. factory from a winter storm in 2020.