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Revenue Recognition | 9 Months Ended
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Sep. 30, 2021
Revenue Disclosure [Abstract] |
Revenue Recognition | Revenue Recognition The Company recognizes revenue when control of the promised goods or services is transferred to the customer and in amounts that the Company expects to collect. The timing of revenue recognition takes into consideration the various shipping terms applicable to the Company’s sales. For most transactions, control passes in accordance with agreed upon delivery terms. The Company delivers products to company-owned stores, home centers and other regional or national consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. Each product delivered to a third party customer is considered to satisfy a performance obligation. Performance obligations generally occur at a point in time and are satisfied when control of the goods passes to the customer. The Company is entitled to collection of the sales price under normal credit terms in the regions in which it operates. Accounts receivable are recognized when there is an unconditional right to consideration. Payment terms vary from customer to customer, depending on creditworthiness, prior payment history and other considerations. The Company also provides services by applying coatings to customers' manufactured parts and assembled products and by providing technical support to certain customers. Performance obligations are satisfied over time as critical milestones are met and as services are provided. PPG is entitled to payment as the services are rendered. For the three and nine months ended September 30, 2021 and 2020, service revenue constituted approximately 5% of total revenue. Net sales by segment and region for the three and nine months ended September 30, 2021 and 2020 were as follows:
| Three Months Ended September 30 |  | Nine Months Ended September 30
($ in millions) | 2021 |  | 2020 |  | 2021 |  | 2020
Performance Coatings |  |  |  |  |  |  |
United States and Canada | $1,177 |  |  | $958 |  |  | $3,374 |  |  | $2,825 |
Europe, Middle East and Africa ("EMEA") | 965 |  |  | 789 |  |  | 2,746 |  |  | 2,140 |
Asia Pacific | 325 |  |  | 274 |  |  | 913 |  |  | 728 |
Latin America | 291 |  |  | 230 |  |  | 793 |  |  | 635 |
Total | $2,758 |  |  | $2,251 |  |  | $7,826 |  |  | $6,328 |
Industrial Coatings |  |  |  |  |  |  |
United States and Canada | $579 |  |  | $526 |  |  | $1,714 |  |  | $1,444 |
EMEA | 453 |  |  | 382 |  |  | 1,380 |  |  | 1,018 |
Asia Pacific | 433 |  |  | 398 |  |  | 1,257 |  |  | 969 |
Latin America | 149 |  |  | 128 |  |  | 435 |  |  | 318 |
Total | $1,614 |  |  | $1,434 |  |  | $4,786 |  |  | $3,749 |
Total Net Sales |  |  |  |  |  |  |
United States and Canada | $1,756 |  |  | $1,484 |  |  | $5,088 |  |  | $4,269 |
EMEA | 1,418 |  |  | 1,171 |  |  | 4,126 |  |  | 3,158 |
Asia Pacific | 758 |  |  | 672 |  |  | 2,170 |  |  | 1,697 |
Latin America | 440 |  |  | 358 |  |  | 1,228 |  |  | 953 |
Total PPG | $4,372 |  |  | $3,685 |  |  | $12,612 |  |  | $10,077 |
Allowance for Credit Losses All trade receivables are reported on the condensed consolidated balance sheet at the outstanding principal amount adjusted for any allowance for credit losses and any charge offs. PPG provides an allowance for credit losses to reduce trade receivables to their estimated net realizable value equal to the amount that is expected to be collected. This allowance is estimated based on historical collection experience, current regional economic and market conditions, the aging of accounts receivable, assessments of current creditworthiness of customers, and forward-looking information. The use of forward-looking information is based on certain macroeconomic and microeconomic indicators including, but not limited to, regional business environment risk, political risk, and commercial and financing risks. PPG reviews its reserves for credit losses on a quarterly basis to ensure its reserves for credit losses reflect regional risk trends as well as current and future global operating conditions. The following table summarizes the activity for the allowance for credit losses for the nine months ended September 30, 2021 and 2020:
| Trade Receivables Allowance for Credit Losses
($ in millions) | 2021 |  | 2020
January 1 | $44 |  |  | $22 |
Current-period provision for credit losses | 4 |  |  | 41 |
Trade receivables written off as uncollectible, net of recoveries | (12) |  |  | (15) |
Foreign currency impact | — |  |  | (1) |
September 30 | $36 |  |  | $47 |
In March 2020, PPG recorded estimated future credit losses for trade receivables of $30 million related to the potential financial impacts of the COVID-19 pandemic. These amounts were estimated based on regional business information, including certain forward-looking information and other considerations. During the second quarter 2021, PPG released $14 million of the previously established reserve due to improvement in economic conditions in certain countries and a slower pattern of bankruptcies than expected.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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