PPG Annual Report and 10K 2019

Notes to the Consolidated Financial Statements 78 2019 PPG ANNUAL REPORT AND 10-K ($ in millions) 2019 2018 2017 Net sales to external customers Performance Coatings $9,034 $9,087 $8,730 Industrial Coatings 6,112 6,287 6,018 Total Net sales $15,146 $15,374 $14,748 Segment income Performance Coatings $1,409 $1,300 $1,313 Industrial Coatings 862 818 979 Total Segment income $2,271 $2,118 $2,292 Corporate / Non-Segment Items Legacy items ($1) $5 ($2) Business restructuring-related costs, net (1) (222) (75) — Environmental remediation charges and other costs, net (61) (77) — Acquisition-related costs (2) (17) (6) (9) Litigation matters, net (12) (24) 18 Impairment of a non-manufacturing asset — (9) — Costs related to customer assortment changes — (18) — Gain from the sale of non-operating assets — 26 13 Brand rationalization charge — (6) — Asset write-downs — — (7) Pension settlement charge — — (60) Gain on disposal of ownership interest in business affiliate — — 25 Interest expense, net of interest income (100) (95) (85) Corporate unallocated (197) (146) (180) Total Income before income taxes $1,661 $1,693 $2,005 ($ in millions) 2019 2018 2017 Depreciation and amortization Performance Coatings $255 $274 $272 Industrial Coatings 194 181 164 Corporate / Non-Segment Items 62 42 24 Total $511 $497 $460 Share of net earnings of equity affiliates Performance Coatings $1 $1 $2 Industrial Coatings — — — Corporate / Non-Segment Items 10 15 10 Total $11 $16 $12 Segment assets (3) Performance Coatings $10,636 $9,846 $9,763 Industrial Coatings 4,912 4,441 4,563 Corporate / Non-Segment Items 2,160 1,728 2,212 Total $17,708 $16,015 $16,538 Investment in equity affiliates Performance Coatings $33 $33 $32 Industrial Coatings 14 13 13 Corporate / Non-Segment Items 82 86 89 Total $129 $132 $134 Expenditures for property (including business acquisitions) Performance Coatings $483 $545 $224 Industrial Coatings 510 157 328 Corporate / Non-Segment Items 63 87 133 Total $1,056 $789 $685

RkJQdWJsaXNoZXIy NTUyMDQ=