Condensed Consolidated Statement of Income - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Net sales |
$ 3,789
|
$ 3,725
|
$ 11,254
|
$ 11,214
|
| Cost of sales, exclusive of depreciation and amortization |
2,081
|
2,049
|
6,095
|
6,209
|
| Selling, general and administrative |
899
|
875
|
2,746
|
2,715
|
| Depreciation |
88
|
87
|
258
|
253
|
| Amortization |
31
|
33
|
91
|
99
|
| Research and development, net |
117
|
117
|
350
|
354
|
| Interest expense |
34
|
31
|
96
|
94
|
| Interest income |
(6)
|
(10)
|
(20)
|
(31)
|
| Pension settlement charges |
968
|
0
|
968
|
0
|
| Business restructuring |
0
|
0
|
0
|
140
|
| Asbestos settlement, net |
0
|
3
|
5
|
9
|
| Other charges |
13
|
21
|
66
|
71
|
| Other income |
(23)
|
(35)
|
(88)
|
(92)
|
| (Loss) income from continuing operations before income taxes |
(413)
|
554
|
687
|
1,393
|
| Income tax (benefit) expense |
(217)
|
133
|
182
|
333
|
| (Loss) income from continuing operations |
(196)
|
421
|
505
|
1,060
|
| Income from discontinued operations, net of tax |
(17)
|
(18)
|
(46)
|
(49)
|
| Net (loss) income attributable to the controlling and noncontrolling interests |
(179)
|
439
|
551
|
1,109
|
| Less: Net income attributable to noncontrolling interests |
(5)
|
(6)
|
(18)
|
(17)
|
| Net (loss) income (attributable to PPG) |
(184)
|
433
|
533
|
1,092
|
| (Loss) income from continuing operations, net of tax |
(201)
|
415
|
487
|
1,043
|
| Income from discontinued operations, net of tax |
$ 17
|
$ 18
|
$ 46
|
$ 49
|
| Income from continuing operations, net of tax (in usd per share) |
$ (0.75)
|
$ 1.53
|
$ 1.83
|
$ 3.83
|
| Income from discontinued operations, net of tax (in usd per share) |
0.06
|
0.07
|
0.17
|
0.18
|
| Net income (attributable to PPG) (in usd per share) |
(0.69)
|
1.60
|
2.00
|
4.01
|
| Income from continuing operations, net of tax (in usd per share) |
(0.75)
|
1.52
|
1.81
|
3.80
|
| Income from discontinued operations, net of tax (in usd per share) |
0.06
|
0.07
|
0.17
|
0.18
|
| Net income (attributable to PPG) (in usd per share) |
(0.69)
|
1.59
|
1.98
|
3.98
|
| Dividends per common share (in usd per share) |
$ 0.40
|
$ 0.36
|
$ 1.16
|
$ 1.05
|