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Condensed Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,216 $ 1,826
Short-term investments 88 96
Receivables, net 3,382 2,726
Inventories 2,249 1,735
Other current assets 365 415
Total current assets 7,300 6,798
Property, plant and equipment (net of accumulated depreciation of $4,517 and $4,349) 3,350 3,127
Goodwill 6,206 5,102
Identifiable intangible assets, net 2,842 2,351
Deferred income taxes 311 379
Investments 272 267
Operating lease right-of-use assets 906 847
Other assets 696 685
Total 21,883 19,556
Current liabilities:    
Accounts payable and accrued liabilities 4,378 3,792
Restructuring reserves 187 281
Short-term debt and current portion of long-term debt 704 578
Current portion of operating lease liabilities 194 180
Total current liabilities 5,463 4,831
Long-term debt 6,092 5,171
Operating lease liabilities 709 677
Accrued pensions 933 945
Other postretirement benefits 718 733
Deferred income taxes 642 435
Other liabilities 916 949
Total liabilities 15,473 13,741
Shareholders’ equity:    
Common stock 969 969
Additional paid-in capital 1,065 1,008
Retained earnings 20,226 19,469
Treasury stock, at cost (13,136) (13,158)
Accumulated other comprehensive loss (2,871) (2,599)
Total PPG shareholders’ equity 6,253 5,689
Noncontrolling interests 157 126
Total shareholders’ equity 6,410 5,815
Total $ 21,883 $ 19,556