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Reportable Business Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Reportable Business Segment Information Reportable Business Segment Information
PPG is a multinational manufacturer with 10 operating segments (which the Company refers to as “strategic business units”) that are organized based on the Company’s major products lines. The operating segments are aggregated into reportable business segments based on their similar economic characteristics, including similar nature of products, production processes, end-use markets and methods of distribution.
Effective December 31, 2024, the Company revised the aggregation of its ten operating segments to present three reportable business segments: Global Architectural Coatings, Performance Coatings and Industrial Coatings. This expanded segmentation will provide investors with enhanced visibility as the Company drives growth and performance. Prior year amounts have been recast to conform to current year presentation.
The Global Architectural Coatings reportable business segment is comprised of the architectural coatings EMEA and architectural coatings Latin America and Asia Pacific operating segments. This reportable business segment primarily supplies paints, wood stains, adhesives, sealants and purchased sundries.
The Performance Coatings reportable business segment is comprised of the automotive refinish coatings, aerospace coatings, protective and marine coatings and traffic solutions operating segments. This reportable business segment primarily supplies a variety of coatings, solvents, adhesives, sealants, foams and finishes, along with pavement marking products, transparencies and paint films.
The Industrial Coatings reportable business segment is comprised of the automotive original equipment manufacturer ("OEM") coatings, industrial coatings, packaging coatings, and the specialty products operating segments. This reportable business segment primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, optical monomers and coatings, low-friction coatings, paint films and other specialty products.
Reportable business segment net sales and segment income for the three months ended March 31, 2025 and 2024 were as follows: 
Three Months Ended
March 31
($ in millions)20252024
Global Architectural Coatings
Net sales to external customers$857 $966 
Cost of sales, exclusive of depreciation and amortization429 458 
Selling, general and administrative274 301 
Depreciation and amortization26 26 
Other (a)
10 15 
Global Architectural Coatings segment income$118 $166 
Performance Coatings
Net sales to external customers$1,265 $1,184 
Cost of sales, exclusive of depreciation and amortization675 628 
Selling, general and administrative256 245 
Depreciation and amortization33 34 
Other (a)
27 26 
Performance Coatings segment income$274 $251 
Industrial Coatings
Net sales to external customers$1,562 $1,699 
Cost of sales, exclusive of depreciation and amortization1,038 1,119 
Selling, general and administrative200 212 
Depreciation and amortization48 52 
Other (a)
61 67 
Industrial Coatings segment income$215 $249 
Total Net Sales$3,684 $3,849 
Total Segment income$607 $666 
Corporate / Non-Segment Items
Corporate / non-segment unallocated, exclusive of depreciation and amortization(81)(76)
Corporate / non-segment depreciation and amortization(14)(18)
Interest expense, net of interest income(13)(13)
Business restructuring-related costs, net (b)
(9)(11)
Portfolio optimization (c)
6 (6)
Insurance recovery (d)
6 — 
Total Income from continuing operations before income taxes$502 $542 
Three Months Ended
March 31
($ in millions)20252024
Segment assets (e)
Global Architectural Coatings$6,296 $6,832 
Performance Coatings5,911 5,637 
Industrial Coatings5,457 5,575 
Corporate / Non-Segment Items3,476 3,823 
Total$21,140 $21,867 
Expenditures for property (including business acquisitions)
Global Architectural Coatings$38 $64 
Performance Coatings51 60 
Industrial Coatings85 74 
Corporate / Non-Segment Items35 64 
Total$209 $262 
Investment in equity affiliates
Global Architectural Coatings$21 $25 
Performance Coatings26 23 
Industrial Coatings21 19 
Corporate / Non-Segment Items78 77 
Total$146 $144 
Share of net earnings of equity affiliates
Global Architectural Coatings$1 $— 
Performance Coatings1 1 
Industrial Coatings— 1 
Corporate / Non-Segment Items3 3 
Total$5 $5 
Three Months Ended
March 31
($ in millions)20252024
Geographic Information
Segment income
United States and Canada$273 $251 
EMEA144 157 
Asia Pacific87 103 
Latin America103 155 
Total$607 $666 
Property, plant and equipment — net
United States and Canada$1,538 $1,401 
EMEA986 980 
Asia Pacific688 698 
Latin America327 365 
Total$3,539 $3,444 
(a)Other segment items for each reportable business segment includes research and development, net and other segment (income)/expense, net.
(b)Business restructuring-related costs, net include business restructuring charges, offset by releases related to previously approved programs, which are included in Other (income)/charges, net on the condensed consolidated statement of income, accelerated depreciation of certain assets, which is included in Depreciation on the condensed consolidated statement of income and other restructuring-related costs, which are included in Cost of sales, exclusive of depreciation and amortization and Selling, general and administrative on the condensed consolidated statement of income.
(c)Portfolio optimization includes a $7 million gain recognized on the sale of a business in the first quarter 2025. There was no tax expense associated with that gain. Portfolio optimization also includes advisory, legal, accounting, valuation, other professional or consulting fees, and certain internal costs directly incurred to effect acquisitions, as well as similar fees and other costs to effect divestitures and other portfolio optimization exit actions. These costs are included in Selling, general and administrative expense on the condensed consolidated statement of income.
(d)In the first quarter 2025, the Company received reimbursement under its insurance policies for damages incurred at a southern U.S. factory from a winter storm in 2021.
(e)Segment assets are the total assets used in the operation of each segment. Corporate assets principally include amounts recorded in Cash and cash equivalents, Deferred income taxes, and Property, plant and equipment, net on the consolidated balance sheet.