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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,830 $ 1,270
Short-term investments 63 88
Receivables, net 3,429 2,985
Inventories 2,115 1,846
Other current assets 464 368
Total current assets 7,901 6,557
Property, plant and equipment (net of accumulated depreciation of $4,352 and $4,217) 3,539 3,464
Goodwill 5,824 5,690
Identifiable intangible assets, net 1,933 1,922
Deferred income taxes 414 303
Investments 317 331
Operating lease right-of-use assets 616 597
Other assets 596 569
Total 21,140 19,433
Current liabilities:    
Accounts payable and accrued liabilities 3,885 3,731
Restructuring reserves 130 128
Short-term debt and current portion of long-term debt 1,688 939
Current portion of operating lease liabilities 134 126
Other 0 90
Total current liabilities 5,837 5,014
Long-term debt 5,574 4,876
Operating lease liabilities 466 454
Accrued pensions 562 558
Other postretirement benefits 408 410
Deferred income taxes 464 405
Other liabilities 737 754
Total liabilities 14,048 12,471
Commitments and contingent liabilities (Note 14)
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,297 1,272
Retained earnings 22,213 21,994
Treasury stock, at cost (14,719) (14,342)
Accumulated other comprehensive loss (2,833) (3,108)
Total PPG shareholders’ equity 6,927 6,785
Noncontrolling interests 165 177
Total shareholders’ equity 7,092 6,962
Total $ 21,140 $ 19,433