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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income attributable to the controlling and noncontrolling interests $ 1,163 $ 796
Income from discontinued operations, net of tax 0 (3)
Income from continuing operations 1,163 793
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 412 384
Pension (income) expense (27) 29
Debt extinguishment charge 0 7
Environmental remediation charges 26 12
Business restructuring, net (21) 172
Impairment charge 21 0
Stock-based compensation expense 39 29
Gain on sale of assets 34 0
Equity affiliate income, net of dividends 6 (2)
Deferred income taxes 58 4
Cash contributions to pension plans (3) (7)
Cash used for restructuring actions (60) (98)
Change in certain asset and liability accounts (net of acquisitions):    
Receivables (376) (63)
Inventories (334) 36
Other current assets 24 26
Accounts payable and accrued liabilities 423 (23)
Taxes and interest payable (52) (72)
Noncurrent assets and liabilities, net (74) 19
Other (73) (87)
Cash from operating activities - continuing operations 1,106 1,163
Cash from operating activities - discontinued operations 0 1
Cash from for operating activities 1,106 1,164
Investing activities:    
Capital expenditures (220) (170)
Business acquisitions, net of cash balances acquired (2,137) (45)
Proceeds from sale of production facility 47 0
Payments for the settlement of cross currency swap contracts (4) (5)
Proceeds from the settlement of cross currency swap contracts 15 21
Other 23 8
Cash used for investing activities (2,276) (191)
Financing activities:    
Net change in borrowing with maturities of three months or less 0 (7)
Proceeds from Long-term Lines of Credit 699 0
Proceeds on commercial paper and short-term debt, net of payments 375 1,397
Repayment of term loan (400) (1,000)
Proceeds from revolving credit facility 0 800
Repayment of revolving credit facility 0 (800)
Proceeds from the issuance of debt, net of discounts and fees 692 415
Repayment of long-term debt (173) (503)
Repayment of acquired debt 207 12
Issuance of treasury stock 46 23
Dividends paid on PPG common stock (396) (368)
Payments related to tax withholding on stock-based compensation awards (18) (11)
Other (12) (39)
Cash from financing activities 606 (105)
Effect of currency exchange rate changes on cash and cash equivalents (46) (76)
Net (decrease)/increase in cash and cash equivalents (610) 792
Cash and cash equivalents, beginning of period 1,826 1,216
Cash and cash equivalents, end of period 1,216 2,008
Interest paid, net of amount capitalized 110 121
Taxes paid, net of refunds $ 376 $ 293