PPG INDUSTRIES INC
For the period ended Sep 30, 2024. Filed Oct 17, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 17, 2024
PPG$124.42-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheet
Condensed Consolidated Balance Sheet (Unaudited)
| ($ in millions) | September 30, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $1,251 | $1,514 |
| Short-term investments | 71 | 75 |
| Receivables, net | 3,653 | 3,279 |
| Inventories | 2,263 | 2,127 |
| Assets held for sale | 237 | — |
| Other current assets | 438 | 436 |
| Total current assets | $7,913 | $7,431 |
| Property, plant and equipment (net of accumulated depreciation of $4,854 and $4,963) | 3,611 | 3,644 |
| Goodwill | 6,080 | 6,200 |
| Identifiable intangible assets, net | 2,203 | 2,424 |
| Deferred income taxes | 366 | 273 |
| Investments | 300 | 259 |
| Operating lease right-of-use assets | 805 | 832 |
| Other assets | 580 | 584 |
| Total | $21,858 | $21,647 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $4,342 | $4,467 |
| Restructuring reserves | 46 | 87 |
| Short-term debt and current portion of long-term debt | 339 | 306 |
| Current portion of operating lease liabilities | 196 | 194 |
| Liabilities held for sale | 73 | — |
| Total current liabilities | $4,996 | $5,054 |
| Long-term debt | 6,138 | 5,748 |
| Operating lease liabilities | 596 | 622 |
| Accrued pensions | 584 | 588 |
| Other postretirement benefits | 438 | 450 |
| Deferred income taxes | 496 | 508 |
| Other liabilities | 638 | 654 |
| Total liabilities | $13,886 | $13,624 |
| Commitments and contingent liabilities (Note 14) | ||
| Shareholders’ equity: | ||
| Common stock | $969 | $969 |
| Additional paid-in capital | 1,258 | 1,202 |
| Retained earnings | 22,432 | 21,500 |
| Treasury stock, at cost | (14,091) | (13,600) |
| Accumulated other comprehensive loss | (2,780) | (2,239) |
| Total PPG shareholders’ equity | $7,788 | $7,832 |
| Noncontrolling interests | 184 | 191 |
| Total shareholders’ equity | $7,972 | $8,023 |
| Total | $21,858 | $21,647 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.