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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,270 $ 1,493
Short-term investments 88 75
Receivables 2,985 3,007
Inventories 1,846 1,934
Other current assets 368 922
Total current assets 6,557 7,431
Property, plant and equipment, net 3,464 3,450
Goodwill 5,690 6,115
Identifiable intangible assets, net 1,922 2,261
Deferred income taxes 303 272
Investments 331 254
Operating lease right-of-use assets 597 571
Other assets 569 1,293
Total 19,433 21,647
Current liabilities    
Accounts payable and accrued liabilities 3,731 4,161
Restructuring reserves 128 84
Short-term debt and current portion of long-term debt 939 306
Current portion of operating lease liabilities 126 128
Other 90 375
Total current liabilities 5,014 5,054
Long-term debt 4,876 5,748
Operating lease liabilities 454 417
Accrued pensions 558 588
Other postretirement benefits 410 450
Deferred income taxes 405 500
Other liabilities 754 867
Total liabilities 12,471 13,624
Commitments and contingent liabilities (See Note 15)
Shareholders’ equity    
Common stock 969 969
Additional paid-in capital 1,272 1,202
Retained earnings 21,994 21,500
Treasury stock, at cost (14,342) (13,600)
Accumulated other comprehensive loss (3,108) (2,239)
Total PPG shareholders’ equity 6,785 7,832
Noncontrolling interests 177 191
Total shareholders’ equity 6,962 8,023
Total $ 19,433 $ 21,647