XML 50 R72.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reportable Segment Net Sales and Segment Income (Loss) (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Mar. 31, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales $ 3,955 [1]   $ 3,986 [1] $ 7,707 [1] $ 7,519 [1]
Segment income (loss) 635   594 1,178 1,074
Legacy items (15) [2]   (11) [2] (190) [2] (37) [2]
Business restructuring   (208)   (208) [3]  
Acquisition-related (costs) gain, net     9 [4] (6) [4] 9 [4]
Transaction expenses related to Separation and merger transaction (4) [5]     (4) [5]  
Interest expense, net of interest income (41)   (44) (82) (87)
Other unallocated corporate expense - net (48)   (48) (110) (108)
Income before income taxes 527   500 578 851
Performance Coatings Segment
         
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 1,241   1,230 2,391 2,282
Segment income (loss) 204   204 364 343
Business restructuring       (65)  
Industrial Coatings Segment
         
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 1,099   1,075 2,175 2,100
Segment income (loss) 143   115 293 231
Business restructuring       (46)  
Architectural Coatings - EMEA
         
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 601   611 1,118 1,082
Segment income (loss) 64   50 80 62
Business restructuring       (63)  
Optical and Specialty Materials Segment
         
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 314   326 648 634
Segment income (loss) 95   90 204 180
Business restructuring       (32)  
Commodity Chemicals Segment
         
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 427   470 846 889
Segment income (loss) 106   106 206 203
Business restructuring       (1)  
Glass Segment
         
Segment Reporting, Revenue Reconciling Item [Line Items]          
Net sales 273   274 529 532
Segment income (loss) $ 23   $ 29 $ 31 $ 55
[1] Intersegment net sales for the three and six months ended June 30, 2012 and 2011 were not material.
[2] Legacy items include current costs related to former operations of the Company, including pension and other postretirement benefit costs, certain charges for legal matters and environmental remediation costs, and certain charges which are considered to be unusual or non-recurring including the earnings impact of the proposed asbestos settlement. Legacy items also include equity earnings from PPG's approximate 40 percent investment in the former automotive glass and services business. The expense for the six months ended June 30, 2012 includes a pretax charge of $159 million. The charge relates to continued environmental remediation activities at legacy chemicals sites, primarily at PPG's former Jersey City, N.J. chromium manufacturing plant and associated sites.
[3] The charge for business restructuring costs in the six months ended June 30, 2012, includes charges of $65 million related to the Performance Coatings segment, $46 million related to the Industrial Coatings segment, $63 million related to the Architectural Coatings - EMEA segment, $32 million related to the Optical and Specialty Materials segment $1 million related to the Commodity Chemicals segment and $1 million related to Corporate. These costs are considered to be unusual and non-recurring and do not reduce the segment earnings used to evaluate the performance of the operating segments.
[4] For the six months ended June 30, 2012, the expense represents the flow-through cost of sales of the step up to fair value of inventory acquired from Dyrup and Colpisa. These costs are considered to be unusual and non-recurring and do not reduce the segment earnings used to evaluate the performance of the operating segments. For the three and six months ended June 30, 2011, represents a net benefit stemming primarily from a bargain purchase gain reflecting the excess of the fair value of the net assets acquired over the price paid for the business, net of the flow-through cost of sales of the step up to fair value of acquired inventory.
[5] Represents costs incurred in connection with the announced separation and merger of the commodity chemicals business