Condensed Consolidated Balance Sheet - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 929 $ 1,311
Short-term investments 46 144
Receivables (less allowance for doubtful accounts of $46 in each period) 2,962 2,709
Inventories 1,676 1,659
Assets held for sale 443 285
Other 361 604
Total current assets 6,417 6,712
Property, plant and equipment (net of accumulated depreciation of $3,921 and $3,927) 2,863 2,822
Goodwill 3,701 3,669
Identifiable intangible assets, net 2,073 2,178
Deferred income taxes 516 711
Investments 328 367
Other assets 592 617
Total 16,490 17,076
Current liabilities:    
Accounts payable and accrued liabilities 3,567 3,419
Asbestos settlement 0 796
Restructuring reserves 42 87
Short-term debt and current portion of long-term debt 652 281
Liabilities held for sale 199 112
Total current liabilities 4,460 4,695
Long-term debt 3,752 4,026
Accrued pensions 1,001 695
Other postretirement benefits 811 1,015
Asbestos settlement 0 252
Deferred income taxes 521 460
Other liabilities 824 864
Total liabilities 11,369 12,007
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 683 635
Retained earnings 15,744 15,521
Treasury stock, at cost (9,824) (9,440)
Accumulated other comprehensive loss (2,541) (2,702)
Total PPG shareholders’ equity 5,031 4,983
Noncontrolling interests 90 86
Total shareholders’ equity 5,121 5,069
Total $ 16,490 $ 17,076