XML 35 R23.htm IDEA: XBRL DOCUMENT v3.25.3
Reportable Business Segment Information
 9 Months Ended
Sep. 30, 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 provides 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 and nine months ended September 30, 2025 and 2024 were as follows: 
Three Months Ended
September 30		Nine Months Ended
September 30
($ in millions)2025202420252024
Global Architectural Coatings
Net sales to external customers$1,012 $1,004 $2,887 $3,040 
Cost of sales, exclusive of depreciation and amortization492 494 1,419 1,465 
Selling, general and administrative290 289 872 899 
Depreciation and amortization29 26 82 78 
Other (a)
17 12 52 38 
Global Architectural Coatings segment income$184 $183 $462 $560 
Performance Coatings
Net sales to external customers$1,414 $1,373 $4,191 $3,975 
Cost of sales, exclusive of depreciation and amortization821 755 2,315 2,156 
Selling, general and administrative264 258 795 764 
Depreciation and amortization35 31 101 99 
Other (a)
22 23 78 73 
Performance Coatings segment income$272 $306 $902 $883 
Industrial Coatings
Net sales to external customers$1,656 $1,655 $4,883 $5,101 
Cost of sales, exclusive of depreciation and amortization1,113 1,132 3,265 3,415 
Selling, general and administrative198 207 603 629 
Depreciation and amortization48 52 144 157 
Other (a)
64 64 196 192 
Industrial Coatings segment income$233 $200 $675 $708 
Total Net Sales$4,082 $4,032 $11,961 $12,116 
Total Segment income$689 $689 $2,039 $2,151 
Corporate / Non-Segment Items
Corporate / non-segment unallocated, exclusive of depreciation and amortization(59)(72)(213)(215)
Corporate / non-segment depreciation and amortization(14)(10)(44)(39)
Interest expense, net of interest income(23)(19)(54)(49)
Business restructuring-related costs, net (b)
(11)— (40)(15)
Impairment and other related charges, net (c)
(24)— (24)— 
Portfolio optimization (d)
(2)(10)2 (42)
Insurance recovery (e)
— — 6 — 
Legacy environmental remediation charges (f)
— — (16)(20)
Total Income from continuing operations before income taxes$556 $578 $1,656 $1,771 
Three Months Ended
September 30		Nine Months Ended
September 30
($ in millions)2025202420252024
Expenditures for property, plant and equipment (including business acquisitions)
Global Architectural Coatings$25 $22 $82 $114 
Performance Coatings41 32 119 126 
Industrial Coatings44 52 161 159 
Corporate / Non-Segment Items37 42 115 143 
Total$147 $148 $477 $542 
Share of net earnings of equity affiliates
Global Architectural Coatings$— $1 $1 $2 
Performance Coatings1 1 4 4 
Industrial Coatings1 — 1 1 
Corporate / Non-Segment Items3 3 9 8 
Total$5 $5 $15 $15 
($ in millions)September 30, 2025September 30, 2024
Segment assets (g)
Global Architectural Coatings$6,754 $6,483 
Performance Coatings6,187 5,816 
Industrial Coatings5,670 5,629 
     Total segment assets$18,611 $17,928 
Corporate / Non-Segment Items3,533 3,930 
Total$22,144 $21,858 
Investment in equity affiliates
Global Architectural Coatings$24 $21 
Performance Coatings28 25 
Industrial Coatings22 20 
     Total segment investment in equity affiliates$74 $66 
Corporate / Non-Segment Items82 81 
Total$156 $147 
Three Months Ended
September 30		Nine Months Ended
September 30
($ in millions)2025202420252024
Geographic Information
Segment income
United States and Canada$261 $264 $894 $838 
EMEA177 176 484 527 
Asia Pacific115 119 302 351 
Latin America136 130 359 435 
Total$689 $689 $2,039 $2,151 
(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 charges/(income), 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)In the third quarter 2025, the Company recorded net impairment and other related charges related to a consolidated joint venture in the Performance Coatings segment, which are included in Other charges/(income), net on the condensed consolidated statement of income. Net loss of $12 million related to the impairment charge was attributable to noncontrolling interests.
(d)Portfolio optimization includes gains and losses on the sale of non-core assets, including net gains in the first and third quarter 2025 and a loss recognized on the sale of the Company’s traffic solutions business in Argentina in the second quarter 2024, which are included in Other charges/(income), net in the condensed consolidated statement of income. 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. There was no tax expense associated with the gains recognized on the sales of non-core assets in the first and third quarter 2025.
(e)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.
(f)Legacy environmental remediation charges represent environmental remediation costs at certain non-operating PPG manufacturing sites. These charges are included in Other charges/(income), net in the condensed consolidated statement of income.
(g)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.