PPG Annual Report and 10K 2019

Notes to the Consolidated Financial Statements 2019 PPG ANNUAL REPORT AND FORM 10-K 79 ($ in millions) 2019 2018 2017 Geographic Information Net sales (4) United States and Canada $6,475 $6,485 $6,307 Europe, Middle East and Africa (“EMEA”) 4,549 4,678 4,389 Asia Pacific 2,542 2,618 2,523 Latin America 1,580 1,593 1,529 Total $15,146 $15,374 $14,748 Segment income United States and Canada $1,073 $1,022 $1,135 EMEA 569 549 560 Asia Pacific 342 306 361 Latin America 287 241 236 Total $2,271 $2,118 $2,292 Property—net United States and Canada $1,300 $1,254 $1,224 EMEA 836 777 826 Asia Pacific 538 482 493 Latin America 309 292 281 Total $2,983 $2,805 $2,824 (1) Included in business restructuring-related costs, net are business restructuring charges, accelerated depreciation of certain assets and other related costs, offset by releases related to previously approved programs. (2) Acquisition-related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred to effect acquisitions. These costs are included in Selling, general and administrative expense in the consolidated statement of income. Acquisition-related costs also include the impact for the step up to fair value of inventory acquired in certain acquisitions which are included in Cost of sales, exclusive of depreciation and amortization in the consolidated statement of income. (3) Segment assets are the total assets used in the operation of each segment. Corporate assets are principally cash and cash equivalents, cash held in escrow, short term investments and deferred tax assets. (4) Net sales to external customers are attributed to geographic regions based upon the location of the operating unit shipping the product.

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