PPG Annual Report and 10K 2019

2019 PPG ANNUAL REPORT AND FORM 10-K 39 Consolidated Statement of Shareholders’ Equity ($ in millions) Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive (Loss)/Income Total PPG Non- controlling Interests Total January 1, 2017 $969 $707 $15,980 ($10,472) ($2,356) $4,828 $87 $4,915 Net income attributable to the controlling and noncontrolling interests — — 1,594 — — 1,594 21 1,615 Other comprehensive income, net of tax — — — — 299 299 17 316 Cash dividends — — (434) — — (434) — (434) Purchase of treasury stock — — — (813) — (813) — (813) Issuance of treasury stock — 49 — 34 — 83 — 83 Dividends paid on subsidiary common stock to noncontrolling interests — — — — — — (5) (5) Reductions in noncontrolling interests — — — — — — (5) (5) December 31, 2017 $969 $756 $17,140 ($11,251) ($2,057) $5,557 $115 $5,672 Net income attributable to the controlling and noncontrolling interests — — 1,341 — — 1,341 17 1,358 Other comprehensive loss, net of tax — — — — (136) (136) (11) (147) Cash dividends — — (453) — — (453) — (453) Purchase of treasury stock — — — (1,721) — (1,721) — (1,721) Issuance of treasury stock — 28 — 14 — 42 — 42 Stock-based compensation activity — 4 — — — 4 — 4 Dividends paid on subsidiary common stock to noncontrolling interests — — — — — — (7) (7) Reductions in noncontrolling interests — — — — — — (12) (12) Reclassification from other comprehensive income to retained earnings - Adoption of ASU 2018-02 — — 107 — (107) — — — Adjustment to retained earnings - Adoption of ASU 2016-16 — — (4) — — (4) — (4) December 31, 2018 $969 $788 $18,131 ($12,958) ($2,300) $4,630 $102 $4,732 Net income attributable to the controlling and noncontrolling interests — — 1,243 — — 1,243 26 1,269 Other comprehensive loss, net of tax — — — — (50) (50) (1) (51) Cash dividends — — (468) — — (468) — (468) Purchase of treasury stock — — — (325) — (325) — (325) Issuance of treasury stock — 151 — 92 — 243 — 243 Stock-based compensation activity — 10 — — — 10 — 10 Dividends paid on subsidiary common stock to noncontrolling interests — — — — — — (8) (8) Other — 1 — — — 1 — 1 December 31, 2019 $969 $950 $18,906 ($13,191) ($2,350) $5,284 $119 $5,403 The accompanying notes to the consolidated financial statements are an integral part of this consolidated statement.

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