PPG Annual Report and 10K 2019

PPG Annual Report 2019 p5-90 FINAL.pdf 22
Bookmarks 22
Bookmarks 22
Table of Contents 22
Bookmarks 23
Bookmarks 23
Part I 23
Item 1. Business 23
Bookmarks 26
Bookmarks 26
Part I 26
Item 1. Business 26
Research and Development 26
Raw Materials, Energy and Logistics 26
Bookmarks 27
Bookmarks 27
Part I 27
Item 1. Business 27
Backlog 27
Global Operations 27
Seasonality 27
Employee Relations 27
Environmental Matters 27
Bookmarks 28
Bookmarks 28
Part I 28
Item 1. Business 28
Available Information 28
Item 1A. Risk Factors 28
Bookmarks 32
Bookmarks 32
Part I 32
Item 1B. Unresolved Staff Comments 32
Item 2. Properties 32
Item 3. Legal Proceedings 32
Bookmarks 34
Bookmarks 34
Part I 34
Item 3. Legal Proceedings 34
Information About Our Executive Officers 34
Item 4. Mine Safety Disclosures 34
Bookmarks 35
Bookmarks 35
Part II 35
Item 5. Market for the Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 35
Item 6. Selected Financial Data 35
Bookmarks 36
Bookmarks 36
Part II 36
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 36
Business Performance 36
Bookmarks 38
Bookmarks 38
Part II 38
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 38
Business Performance 38
Regulation G 38
Bookmarks 39
Bookmarks 39
Part II 39
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 39
Business Performance 39
Segment Results 39
Performance Coatings Table 39
Performance Coatings Commentary 39
Looking ahead - Performance Coatings 39
Bookmarks 40
Bookmarks 40
Part II 40
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 40
Business Performance 40
Industrial Coatings Table 40
Industrial Coatings Commentary 40
Looking ahead - Industrial 40
Review and Outlook 40
Bookmarks 42
Bookmarks 42
Part II 42
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 42
New Accounting Standards 42
Bookmarks 43
Bookmarks 43
Part II 43
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 43
Commitments and Contingent Liabilities, including Environmental Matters 43
Liquidity and Capital Resources 43
Bookmarks 46
Bookmarks 46
Part II 46
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 46
Off-Balance Sheet Arrangements 46
Critical Accounting Estimates 46
Bookmarks 47
Bookmarks 47
Part II 47
Item 7. Management s Discussion and Analysis of Financial Condition and Results of Operations 47
Currency 47
Forward-Looking Statements 47
Bookmarks 48
Bookmarks 48
Part II 48
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 48
Bookmarks 50
Bookmarks 50
Part II 50
Item 8. Financial Statements and Supplementary Data 50
Report of Independent Registered Public Accounting Firm 50
Bookmarks 52
Bookmarks 52
Bookmarks 52
Part II 52
Item 8. Financial Statements and Supplementary Data 52
Management Report 52
Bookmarks 53
Bookmarks 53
Part II 53
Item 8. Financial Statements and Supplementary Data 53
Consolidated Statement of Income 53
Consolidated Statement of Comprehensive Income 53
Bookmarks 54
Bookmarks 54
Part II 54
Item 8. Financial Statements and Supplementary Data 54
Consolidated Balance Sheet 54
Bookmarks 55
Bookmarks 55
Part II 55
Item 8. Financial Statements and Supplementary Data 55
Consolidated Statement of Shareholders Equity 55
Bookmarks 56
Bookmarks 56
Part II 56
Item 8. Financial Statements and Supplementary Data 56
Consolidated Statement of Cash Flows 56
Bookmarks 57
Bookmarks 57
Part II 57
Item 8. Financial Statements and Supplementary Data 57
Notes to the Consolidated Financial Statements 57
1. Summary of Significant Accounting Policies 57
Bookmarks 61
Bookmarks 61
Part II 61
Item 8. Financial Statements and Supplementary Data 61
Notes to the Consolidated Financial Statements 61
2. Leases 61
Bookmarks 62
Bookmarks 62
Part II 62
Item 8. Financial Statements and Supplementary Data 62
Notes to the Consolidated Financial Statements 62
3. Acquisitions and Divestitures 62
Bookmarks 65
Bookmarks 65
Part II 65
Item 8. Financial Statements and Supplementary Data 65
Notes to the Consolidated Financial Statements 65
4. Working Capital Detail 65
5. Property, Plant and Equipment 65
6. Investments 65
Bookmarks 66
Bookmarks 66
Part II 66
Item 8. Financial Statements and Supplementary Data 66
Notes to the Consolidated Financial Statements 66
7. Goodwill and Other Identifiable Intangible Assets 66
8. Business Restructuring 66
Bookmarks 68
Bookmarks 68
Part II 68
Item 8. Financial Statements and Supplementary Data 68
Notes to the Consolidated Financial Statements 68
9. Borrowings and Lines of Credit 68
Bookmarks 70
Bookmarks 70
Part II 70
Item 8. Financial Statements and Supplementary Data 70
Notes to the Consolidated Financial Statements 70
10. Financial Instruments, Hedging Activities and Fair Value Measurements 70
Bookmarks 74
Bookmarks 74
Part II 74
Item 8. Financial Statements and Supplementary Data 74
Notes to the Consolidated Financial Statements 74
11. Earnings Per Common Share 74
12. Income Taxes 74
Bookmarks 76
Bookmarks 76
Part II 76
Item 8. Financial Statements and Supplementary Data 76
Notes to the Consolidated Financial Statements 76
13. Employee Benefit Plans 76
Bookmarks 84
Bookmarks 84
Part II 84
Item 8. Financial Statements and Supplementary Data 84
Notes to the Consolidated Financial Statements 84
14. Commitments and Contingent Liabilities 84
Asbestos 84
Bookmarks 86
Bookmarks 86
Part II 86
Item 8. Financial Statements and Supplementary Data 86
Notes to the Consolidated Financial Statements 86
14. Commitments and Contingent Liabilities 86
Environmental Matters 86
Bookmarks 88
Bookmarks 88
Part II 88
Item 8. Financial Statements and Supplementary Data 88
Notes to the Consolidated Financial Statements 88
15. Shareholders Equity 88
Bookmarks 89
Bookmarks 89
Part II 89
Item 8. Financial Statements and Supplementary Data 89
Notes to the Consolidated Financial Statements 89
16. Accumulated Other Comprehensive Loss 89
17. Other Income 89
18. Stock-Based Compensation 89
Bookmarks 92
Bookmarks 92
Part II 92
Item 8. Financial Statements and Supplementary Data 92
Notes to the Consolidated Financial Statements 92
19. Quarterly Financial Information (unaudited) 92
20. Revenue Recognition 92
Bookmarks 93
Bookmarks 93
Part II 93
Item 8. Financial Statements and Supplementary Data 93
Notes to the Consolidated Financial Statements 93
21. Reportable Business Segment Information 93
Bookmarks 94
Bookmarks 94
Part II 94
Item 8. Financial Statements and Supplementary Data 94
Notes to the Consolidated Financial Statements 94
21. Reportable Business Segment Information 94
Tables 94
Bookmarks 96
Bookmarks 96
Part II 96
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 96
Item 9A. Controls and Procedures 96
Item 9B. Other Information 96
Part III 96
Item 10. Directors, Executive Officers and Corporate Governance 96
Item 11. Executive Compensation 96
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 96
Bookmarks 97
Bookmarks 97
Part III 97
Item 13. Certain Relationships and Related Transactions, and Director Independence 97
Item 14. Principal Accounting Fees and Services 97
Part IV 97
Item 15. Exhibits, Financial Statement Schedules 97
Bookmarks 98
Bookmarks 98
Part IV 98
Item 15. Exhibits, Financial Statement Schedules 98
Index to Exhibits 98
Bookmarks 100
Bookmarks 100
Part IV 100
Item€16. Form 10-K Summary 100
Bookmarks 101
Bookmarks 101
Bookmarks 101
Signatures 101

RkJQdWJsaXNoZXIy NTUyMDQ=