Divestitures (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The operating results of discontinued operations related to the U.S. and Canada architectural coatings business for the three years ended December 31, 2024, 2023, and 2022 were as follows:

($ in millions)	2024	2023	2022
Net sales	$1,878	$2,004	$2,038
Cost of sales, exclusive of depreciation and amortization	976	1,067	1,121
Selling, general, and administrative	787	821	805
Depreciation	28	31	31
Amortization	6	13	21
Research and development, net	9	9	14
Impairment and other-related charges, net	—	—	14
Other charges, net	1	5	6
Loss on sale of discontinued operations	285	—	—
(Loss)/income before income taxes	($214)	$58	$26
Income tax expense	14	11	5
(Loss)/income from discontinued operations, net of tax	($228)	$47	$21

The major classes of assets and liabilities of the U.S. and Canada architectural coatings business included in the PPG consolidated balance sheet at December 31, 2023 were as follows:

($ in millions)	December 31, 2023
Cash and cash equivalents	$21
Receivables	272
Inventories	193
Other current assets	41
Total current assets held for sale (included in Other current assets on the consolidated balance sheet)	$527
Property, plant and equipment, net	$194
Goodwill	85
Identifiable intangible assets, net	163
Deferred income taxes	1
Investments	5
Operating lease right-of-use assets	261
Other assets	38
Total noncurrent assets held for sale (included in Other assets on the consolidated balance sheet)	$747
Accounts payable and accrued liabilities	$306
Restructuring reserves	3
Current portion of operating lease liabilities	66
Total current liabilities held for sale (included in Current liabilities - other on the consolidated balance sheet)	$375
Operating lease liabilities	$205
Deferred income taxes	8
Other liabilities	14
Total noncurrent liabilities held for sale (included in Other liabilities on the consolidated balance sheet)	$227

The following table presents the significant non-cash items and capital expenditures for the discontinued operations related to the U.S. and Canada architectural coatings business that are included in the Consolidated Statement of Cash Flows for the three years ended December 31, 2024, 2023, and 2022:

($ in millions)	2024	2023	2022
Depreciation and amortization	$34	$44	$52
Capital expenditures	10	33	32