| Reconciliation of Revenue and Operating Income from Segments to Consolidated |
Reportable segment net sales and segment income for the three and nine months ended September 30, 2016 and 2015 were as follows: | | | | | | | | | | | | | | | | | | Three Months Ended
September 30 | | Nine Months Ended
September 30 | ($ in millions) | 2016 | | 2015 | | 2016 | | 2015 | Net sales: | | | | | | | | Performance Coatings | $ | 2,223 |
| | $ | 2,240 |
| | $ | 6,600 |
| | $ | 6,705 |
| Industrial Coatings | 1,437 |
| | 1,354 |
| | 4,253 |
| | 4,105 |
| Glass | 129 |
| | 131 |
| | 401 |
| | 404 |
| Total | $ | 3,789 |
| | $ | 3,725 |
| | $ | 11,254 |
| | $ | 11,214 |
| Segment income: | | | | | | | | Performance Coatings | $ | 368 |
| | $ | 379 |
| | $ | 1,075 |
| | $ | 1,052 |
| Industrial Coatings | 249 |
| | 241 |
| | 806 |
| | 745 |
| Glass | 12 |
| | 6 |
| | 41 |
| | 27 |
| Total | 629 |
| | 626 |
| | 1,922 |
| | 1,824 |
| Corporate | (42 | ) | | (34 | ) | | (162 | ) | | (164 | ) | Interest expense, net of interest income | (28 | ) | | (21 | ) | | (76 | ) | | (63 | ) | Legacy items (a) | (4 | ) | | (9 | ) | | (26 | ) | | (30 | ) | Asset write-downs | — |
| | — |
| | (14 | ) | | — |
| Gain from sale of equity affiliate | — |
| | — |
| | 20 |
| | — |
| Pension settlement charges | (968 | ) | | (7 | ) | | (968 | ) | | (7 | ) | Transaction-related costs (b) | — |
| | (1 | ) | | (9 | ) | | (27 | ) | Business restructuring | — |
| | — |
| | — |
| | (140 | ) | (Loss) Income from continuing operations before income taxes | $ | (413 | ) | | $ | 554 |
| | $ | 687 |
| | $ | 1,393 |
|
| | (a) | Legacy items include current costs related to former operations of the Company, including pension and other postretirement benefit costs, certain charges for legal matters and environmental remediation costs, and certain other charges which are not associated with PPG's current business portfolio, including the impact of the asbestos settlement. Until April 2016, legacy items also include equity earnings from PPG’s minority investment in Pittsburgh Glass Works, LLC. |
| | (b) | Transaction-related costs include advisory, legal, accounting, valuation and other professional or consulting fees incurred to effect significant acquisitions, as well as similar fees and other costs to effect disposals not classified as discontinued operations. These costs also include the flow-through cost of sales for the step up to fair value of inventories acquired in acquisitions. These costs also include certain severance costs and charges associated with the Company's recent business portfolio transformation. |
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