v3.26.3
Reportable Business Segment Information (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
Reportable business segment net sales and segment income for the three and nine months ended September 30, 2026 and 2025 were as follows: 
Three Months Ended
September 30		Nine Months Ended
September 30
($ in millions)2026202520262025
Global Architectural Coatings
Net sales to external customers$1,055 $1,012 $3,118 $2,887 
Cost of sales, exclusive of depreciation and amortization500 492 1,502 1,419 
Selling, general and administrative293 290 926 872 
Depreciation and amortization28 29 85 82 
Other (a)
9 17 40 52 
Global Architectural Coatings segment income$225 $184 $565 $462 
Performance Coatings
Net sales to external customers$1,554 $1,414 $4,507 $4,191 
Cost of sales, exclusive of depreciation and amortization872 821 2,489 2,315 
Selling, general and administrative283 264 861 795 
Depreciation and amortization40 35 117 101 
Other (a)
27 22 91 78 
Performance Coatings segment income$332 $272 $949 $902 
Industrial Coatings
Net sales to external customers$1,744 $1,656 $5,153 $4,883 
Cost of sales, exclusive of depreciation and amortization1,216 1,113 3,547 3,265 
Selling, general and administrative211 198 641 603 
Depreciation and amortization51 48 156 144 
Other (a)
66 64 187 196 
Industrial Coatings segment income$200 $233 $622 $675 
Total Net Sales$4,353 $4,082 $12,778 $11,961 
Total Segment income$757 $689 $2,136 $2,039 
Corporate / Non-Segment Items
Corporate / non-segment unallocated, exclusive of depreciation and amortization(83)(59)(240)(213)
Corporate / non-segment depreciation and amortization(9)(14)(26)(44)
Interest expense, net of interest income(22)(23)(75)(54)
Business restructuring-related costs, net (b)
(15)(11)(33)(40)
Portfolio optimization (c)
3 (2)(9)2 
Resolution of tax matter (d)
(3)— (3)— 
Insurance recovery (e)
3 — 3 6 
Legal settlement (f)
— — (11)— 
Legacy environmental remediation charges (g)
— — (25)(16)
Impairment and other related charges, net (h)
— (24)— (24)
Total Income from continuing operations before income taxes$631 $556 $1,717 $1,656 
Three Months Ended
September 30		Nine Months Ended
September 30
($ in millions)2026202520262025
Expenditures for property, plant and equipment (including business acquisitions)
Global Architectural Coatings$30 $25 $85 $82 
Performance Coatings82 41 345 119 
Industrial Coatings52 44 133 161 
Corporate / Non-Segment Items30 37 85 115 
Total$194 $147 $648 $477 
Share of net earnings of equity affiliates
Global Architectural Coatings$— $— $1 $1 
Performance Coatings1 1 3 4 
Industrial Coatings— 1 1 1 
Corporate / Non-Segment Items4 3 11 9 
Total$5 $5 $16 $15 
($ in millions)September 30, 2026September 30, 2025
Segment assets (i)
Global Architectural Coatings$6,760 $6,754 
Performance Coatings6,681 6,187 
Industrial Coatings5,813 5,670 
     Total segment assets$19,254 $18,611 
Corporate / Non-Segment Items3,320 3,533 
Total$22,574 $22,144 
Investment in equity affiliates
Global Architectural Coatings$24 $24 
Performance Coatings30 28 
Industrial Coatings23 22 
     Total segment investment in equity affiliates$77 $74 
Corporate / Non-Segment Items84 82 
Total$161 $156 
Three Months Ended
September 30		Nine Months Ended
September 30
($ in millions)2026202520262025
Geographic Information
Segment income
United States and Canada$312 $261 $900 $894 
EMEA165 177 494 484 
Asia Pacific105 115 300 302 
Latin America175 136 442 359 
Total$757 $689 $2,136 $2,039 
(a)Other segment items for each reportable business segment includes research and development, net and other segment expense/(income), 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 consolidated statement of income, accelerated depreciation of certain assets, which is included in Depreciation on the consolidated statement of income, and other restructuring-related costs, which are included in Cost of sales, exclusive of depreciation and amortization, Selling, general and administrative and Other (income)/charges, net on the consolidated statement of income.
(c)Portfolio optimization 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.
Portfolio optimization includes a $3 million gain recognized in the third quarter of 2026 related to the sale of a non-core business, which is included in Other (income)/charges, net on the condensed consolidated statement of income. Portfolio optimization also includes charges related to the step-up of acquired inventory. These costs are included in Cost of sales, exclusive of depreciation and amortization on the condensed consolidated statement of income. Portfolio optimization also includes a $7 million gain recognized on the sale of a business in the first quarter 2025, which is included in Other (income)/charges, net on the condensed consolidated statement of income. There was no tax expense associated with that gain.
(d)In the third quarter 2026, the Company recorded a net charge related to the anticipated resolution of an outstanding tax matter that includes both income taxes and non-income taxes.
(e)In the third quarter 2026, the Company received an insurance reimbursement under policies covering legacy asbestos-related matters. These insurance recoveries are included in Other (income)/charges, net on the consolidated statement of income.
(f)In the second quarter 2026, the Company settled a legal matter. The related charge is included in Other (income)/charges, net on the consolidated statement of income.
(g)Legacy environmental remediation charges represent environmental remediation costs at certain non-operating PPG manufacturing sites. These charges are included in Other (income)/charges, net in the condensed consolidated statement of income.
(h)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 (income)/charges, net on the condensed consolidated statement of income. Net loss of $12 million related to the impairment charge was attributable to noncontrolling interests.
(i)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.