Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 909 $ 1,311
Short-term investments 121 144
Receivables (less allowance for doubtful accounts of $53 and $51) 3,106 2,788
Inventories 1,863 1,705
Other 719 606
Total current assets 6,718 6,554
Property, plant and equipment (net of accumulated depreciation of $4,557 and $4,434) 3,038 3,017
Goodwill 3,743 3,669
Identifiable intangible assets, net 2,170 2,178
Deferred income taxes 648 672
Investments 370 367
Other assets 628 619
Total 17,315 17,076
Current liabilities:    
Accounts payable and accrued liabilities 3,616 3,490
Asbestos settlement 831 796
Restructuring reserves 71 87
Short-term debt and current portion of long-term debt 38 283
Total current liabilities 4,556 4,656
Long-term debt 4,226 4,042
Accrued pensions 682 712
Other postretirement benefits 1,017 1,021
Asbestos settlement 255 252
Deferred income taxes 479 460
Other liabilities 852 864
Total liabilities 12,067 $ 12,007
Commitments and contingent liabilities (Note 15)  
Shareholders’ equity:    
Common stock 969 $ 969
Additional paid-in capital 648 635
Retained earnings 15,770 15,521
Treasury stock, at cost (9,583) (9,440)
Accumulated other comprehensive loss (2,643) (2,702)
Total PPG shareholders’ equity 5,161 4,983
Noncontrolling interests 87 86
Total shareholders’ equity 5,248 5,069
Total $ 17,315 $ 17,076