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Condensed Consolidated Balance Sheet (USD $)
In Millions, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 1,017 $ 1,457
Short-term investments 230 25
Receivables (less allowance for doubtful accounts of $77 and $71) 3,310 2,830
Inventories (Note 5) 1,775 1,607
Other 819 775
Total current assets 7,151 6,694
Property (net of accumulated depreciation of $6,006 and $5,893) 2,719 2,721
Investments 419 387
Goodwill (Note 6) 2,644 2,660
Identifiable intangible assets - net (Note 6) 1,067 1,125
Other assets 817 795
Total 14,817 14,382
Current liabilities:    
Short-term debt and current portion of long-term debt (Note 8) 647 108
Asbestos settlement (Note 18) 642 593
Accounts payable and accrued liabilities 3,160 2,996
Business restructuring (Note 7) 116 5
Total current liabilities 4,565 3,702
Long-term debt (Note 8) 2,964 3,574
Asbestos settlement (Note 18) 231 241
Deferred income taxes 241 272
Accrued pensions (Note 12) 997 968
Other postretirement benefits (Note 12) 1,216 1,307
Other liabilities 928 872
Total liabilities 11,142 10,936
Commitments and contingent liabilities (Note 18)      
Shareholders' equity (Note 13):    
Common stock 484 484
Additional paid-in capital 815 783
Retained earnings 9,486 9,288
Treasury stock, at cost (5,531) (5,506)
Accumulated other comprehensive loss (1,793) (1,800)
Total PPG shareholders' equity 3,461 3,249
Noncontrolling interests 214 197
Total shareholders' equity 3,675 3,446
Total $ 14,817 $ 14,382