v3.23.1
Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,426 $ 1,099
Short-term investments 56 55
Receivables, net 3,595 3,303
Inventories 2,599 2,272
Other current assets 517 444
Total current assets 8,193 7,173
Property, plant and equipment (net of accumulated depreciation of $4,756 and $4,649) 3,355 3,328
Goodwill 6,163 6,078
Identifiable intangible assets, net 2,442 2,414
Deferred income taxes 259 95
Investments 255 244
Operating lease right-of-use assets 829 829
Other assets 603 583
Total 22,099 20,744
Current liabilities:    
Accounts payable and accrued liabilities 4,347 4,087
Restructuring reserves 127 138
Short-term debt and current portion of long-term debt 209 313
Current portion of operating lease liabilities 185 183
Total current liabilities 4,868 4,721
Long-term debt 7,082 6,503
Operating lease liabilities 632 636
Accrued pensions 573 566
Other postretirement benefits 475 476
Deferred income taxes 571 501
Other liabilities 645 632
Total liabilities 14,846 14,035
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,150 1,130
Retained earnings 20,946 20,828
Treasury stock, at cost (13,515) (13,525)
Accumulated other comprehensive loss (2,408) (2,810)
Total PPG shareholders’ equity 7,142 6,592
Noncontrolling interests 111 117
Total shareholders’ equity 7,253 6,709
Total $ 22,099 $ 20,744