Divestitures

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Divestitures

Divestitures

U.S. and Canada Architectural Coatings Business

In December 2024, PPG completed the sale of 100% of its architectural coatings business in the U.S. and Canada to American Industrial Partners (AIP), an industrials investor. The results of the U.S. and Canada architectural coatings business were previously included in the Performance Coatings segment.

The operating results of discontinued operations related to the U.S. and Canada architectural coatings business for the three months ended March 31, 2025 and 2024 were as follows:

	Three Months Ended March 31
($ in millions)	2025	2024
Net sales	$—	$462
Cost of sales, exclusive of depreciation and amortization	—	240
Selling, general, and administrative	—	214
Depreciation	—	8
Amortization	—	3
Research and development, net	—	2
Other (income)/charges, net	3	(1)
Loss before income taxes	($3)	($4)
Income tax (benefit)/expense	(1)	1
Loss from discontinued operations, net of tax	($2)	($5)

Sale of Russia Operations

In the fourth quarter 2024, the Company received written approval from Russian regulatory authorities of a definitive agreement to sell the Company’s remaining Russian business. As a result, the Company classified the business as held for sale as of December 31, 2024 and recognized an impairment charge of $146 million during the fourth quarter 2024, primarily related to accumulated foreign currency translation losses, which was included in Impairment and other related charges, net on the consolidated statement of income. No tax benefit was recorded on the impairment charge. In the first quarter 2025, PPG completed the sale of its remaining Russian business.