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PPG Industries Inc – ‘10-K’ for 12/31/19 – ‘R49’

On:  Thursday, 2/20/20, at 11:43am ET   ·   For:  12/31/19   ·   Accession #:  79879-20-8   ·   File #:  1-01687

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/20/20  PPG Industries Inc                10-K       12/31/19  129:21M

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.50M 
 2: EX-4.9      Instrument Defining the Rights of Security Holders  HTML     92K 
 3: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     49K 
 4: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     54K 
 5: EX-21       Subsidiaries List                                   HTML     94K 
 6: EX-23       Consent of Experts or Counsel                       HTML     36K 
 7: EX-24       Power of Attorney                                   HTML     58K 
 8: EX-31.1     Certification -- §302 - SOA'02                      HTML     43K 
 9: EX-31.2     Certification -- §302 - SOA'02                      HTML     43K 
10: EX-32.1     Certification -- §906 - SOA'02                      HTML     37K 
11: EX-32.2     Certification -- §906 - SOA'02                      HTML     37K 
129: R1          Cover                                               HTML    109K  
55: R2          Consolidated Statement of Income                    HTML    147K 
43: R3          Consolidated Statement of Comprehensive Income      HTML     70K 
81: R4          Consolidated Balance Sheet                          HTML    147K 
128: R5          Consolidated Statement of Shareholders' Equity      HTML     87K  
53: R6          Consolidated Statement of Cash Flows                HTML    193K 
41: R7          Leases                                              HTML    111K 
82: R8          Summary of Significant Accounting Policies          HTML     83K 
125: R9          Acquisitions and Dispositions                       HTML     71K  
103: R10         Working Capital Detail                              HTML     76K  
86: R11         Property, Plant and Equipment                       HTML     57K 
22: R12         Investments                                         HTML     49K 
62: R13         Goodwill and Other Identifiable Intangible Assets   HTML    100K 
102: R14         Business Restructuring                              HTML     57K  
85: R15         Borrowings and Lines of Credit                      HTML    123K 
21: R16         Financial Instruments, Hedging Activities and Fair  HTML    202K 
                Value Measurements                                               
61: R17         Earnings Per Common Share                           HTML     79K 
100: R18         Income Taxes                                        HTML    182K  
87: R19         Employee Benefit Plans                              HTML    470K 
40: R20         Commitments and Contingent Liabilities              HTML     98K 
57: R21         Shareholders' Equity                                HTML     64K 
127: R22         Accumulated Other Comprehensive Loss                HTML    108K  
84: R23         Other Income                                        HTML     58K 
39: R24         Stock-Based Compensation                            HTML    133K 
56: R25         Quarterly Financial Information (Unaudited)         HTML    126K 
126: R26         Revenue Recognition                                 HTML     78K  
83: R27         Reportable Business Segment Information             HTML    217K 
42: R28         Summary of Significant Accounting Policies          HTML    140K 
                (Policies)                                                       
54: R29         Leases (Tables)                                     HTML    228K 
58: R30         Summary of Significant Accounting Policies          HTML     53K 
                (Tables)                                                         
19: R31         Acquisitions and Dispositions (Tables)              HTML     61K 
88: R32         Working Capital Detail (Tables)                     HTML     76K 
104: R33         Property, Plant and Equipment (Tables)              HTML     58K  
59: R34         Investments (Tables)                                HTML     45K 
20: R35         Goodwill and Other Identifiable Intangible Assets   HTML    104K 
                (Tables)                                                         
89: R36         Business Restructuring (Tables)                     HTML     52K 
105: R37         Borrowings and Lines of Credit (Tables)             HTML    114K  
60: R38         Financial Instruments, Hedging Activities and Fair  HTML    236K 
                Value Measurements (Tables)                                      
18: R39         Earnings Per Common Share (Tables)                  HTML     78K 
48: R40         Income Taxes (Tables)                               HTML    178K 
37: R41         Employee Benefit Plans (Tables)                     HTML    461K 
71: R42         Commitments and Contingent Liabilities (Tables)     HTML     68K 
116: R43         Shareholders' Equity (Tables)                       HTML     62K  
49: R44         Accumulated Other Comprehensive Loss (Tables)       HTML    108K 
38: R45         Other Income (Tables)                               HTML     56K 
72: R46         Stock-Based Compensation (Tables)                   HTML    128K 
117: R47         Quarterly Financial Information (Tables)            HTML    126K  
52: R48         Revenue Recognition (Tables)                        HTML     74K 
36: R49         Reportable Business Segment Information (Tables)    HTML    212K 
28: R50         Leases Leases - Narrative (Details)                 HTML     37K 
69: R51         Leases - Schedule of Components of Lease Expense    HTML     58K 
                (Details)                                                        
107: R52         Summary of Significant Accounting Policies          HTML     58K  
                (Additional Information) (Detail)                                
93: R53         Leases - Schedule of Classification on the          HTML     56K 
                Condensed Consolidated Balance Sheet (Details)                   
27: R54         Leases - Schedule of Cash Paid for Lease            HTML     47K 
                Liabilities and Right-of-Use Assets Obtained in                  
                Exchange for Lease Obligations (Details)                         
68: R55         Leases - Schedule of Weighted-Average Remaining     HTML     45K 
                Lease Term and Weighted-Average Discount Rate                    
                (Details)                                                        
106: R56         Leases - Schedule of Maturities of Lease            HTML    112K  
                Liabilities (Details)                                            
92: R57         Acquisitions and Dispositions (Acquistions)         HTML     61K 
                (Detail)                                                         
29: R58         Acquisitions and Dispositions Divestitures          HTML     86K 
                (Details)                                                        
67: R59         Working Capital Detail (Detail)                     HTML     78K 
123: R60         Working Capital Detail (Additional Information)     HTML     43K  
                (Detail)                                                         
77: R61         Property, Plant and Equipment (Detail)              HTML     72K 
32: R62         Investments (Detail)                                HTML     45K 
46: R63         Investments (Additional Information) (Detail)       HTML     52K 
122: R64         Goodwill and Other Identifiable Intangible Assets   HTML     50K  
                (Carrying Amount of Goodwill Attributable to Each                
                Reportable Segment) (Detail)                                     
76: R65         Goodwill and Other Identifiable Intangible Assets   HTML     81K 
                (Identifiable Intangible Assets with Finite Lives)               
                (Detail)                                                         
31: R66         Business Restructuring (Additional Information)     HTML     66K 
                (Detail)                                                         
45: R67         Borrowings and Lines of Credit (Long-term Debt      HTML    174K 
                Obligations) (Details)                                           
118: R68         Borrowings and Lines of Credit (Long-term Debt      HTML     53K  
                Maturities) (Details)                                            
79: R69         Borrowings and Lines of Credit (Short-term Debt     HTML     41K 
                Outstanding) (Detail)                                            
97: R70         Borrowings and Lines of Credit (Additional          HTML     65K 
                Information) (Details)                                           
109: R71         Financial Instruments, Hedging Activities and Fair  HTML     84K  
                Value Measurements (Additional Information)                      
                (Detail)                                                         
64: R72         Financial Instruments, Hedging Activities and Fair  HTML     66K 
                Value Measurements (Fair Value, Cash Flow and Net                
                Investment Hedges) (Detail)                                      
24: R73         Financial Instruments, Hedging Activities and Fair  HTML     65K 
                Value Measurements (Assets and Liabilities                       
                Reported at Fair Value on a Recurring Basis)                     
                (Detail)                                                         
98: R74         Financial Instruments, Hedging Activities and Fair  HTML     55K 
                Value Measurements (Fair Value Additional                        
                Information) (Detail)                                            
110: R75         Earnings Per Common Share (Additional Detail)       HTML    111K  
                (Detail)                                                         
65: R76         Income Taxes (Additional Information) (Detail)      HTML     87K 
25: R77         Income Taxes (Components of Income Tax Expense)     HTML     66K 
                (Detail)                                                         
95: R78         Income Taxes (Reconciliation of Statutory U.S.      HTML     69K 
                Corporate Federal Income Tax Rate to Effective                   
                Income Tax Rate) (Detail)                                        
113: R79         Income Taxes (Net Deferred Income Tax Assets and    HTML     98K  
                Liabilities) (Detail)                                            
96: R80         Income Taxes (Unrecognized Tax Benefits) (Detail)   HTML     59K 
108: R81         Employee Benefit Plans (Additional Information)     HTML    141K  
                (Detail)                                                         
63: R82         Employee Benefit Plans (Changes in Projected        HTML    155K 
                Benefit Obligations, Plan Assets and Funded                      
                Status) (Detail)                                                 
23: R83         Employee Benefit Plans (Accumulated Other           HTML     49K 
                Comprehensive Loss Pretax Amounts Not Yet                        
                Reflected in Net Periodic Benefit Cost) (Details)                
99: R84         Employee Benefit Plans (Change in Accumulated       HTML     65K 
                Other Comprehensive Loss (Pretax) Relating to                    
                Defined Benefit Pension and Other Postretirement                 
                Benefits) (Detail)                                               
111: R85         Employee Benefit Plans (Net Periodic Benefit        HTML     63K  
                Costs) (Detail)                                                  
66: R86         Employee Benefit Plans (Weighted Average            HTML     51K 
                Assumptions Used to Determine Benefit Obligation                 
                for Defined Benefit Pension and Other                            
                Postretirement Plans) (Detail)                                   
26: R87         Employee Benefit Plans (Weighted Average            HTML     49K 
                Assumptions Used to Determine Net Periodic Benefit               
                Cost for Defined Benefit Pension and Other                       
                Postretirement Plans) (Detail)                                   
94: R88         Employee Benefit Plans (Weighted Average Target     HTML     52K 
                Pension Plan Asset Allocations) (Detail)                         
112: R89         Employee Benefit Plans (Fair Values of the          HTML    120K  
                Company's Pension Plan Assets by Asset Category)                 
                (Detail)                                                         
124: R90         Employee Benefit Plans (Change in Fair Value of     HTML     65K  
                Company's Level 3 Pension Assets) (Detail)                       
78: R91         Employee Benefit Plans (Other Plans) (Details)      HTML     53K 
33: R92         Commitments and Contingent Liabilities (Litigation  HTML     51K 
                Settlements - Asbestos Matters and Other                         
                Disclosure) (Detail)                                             
47: R93         Commitments and Contingent Liabilities (Additional  HTML     90K 
                Information - Environmental Matters) (Detail)                    
121: R94         Shareholders' Equity (Summary of Shares             HTML     64K  
                Outstanding) (Detail)                                            
75: R95         Accumulated Other Comprehensive Loss (Detail)       HTML     88K 
30: R96         Accumulated Other Comprehensive Loss (Additional    HTML     48K 
                Information) (Detail)                                            
44: R97         Other Income (Detail)                               HTML     57K 
119: R98         Stock-Based Compensation (Additional Information)   HTML     93K  
                (Detail)                                                         
80: R99         Stock-Based Compensation (Weighted Average          HTML     49K 
                Assumptions Used in Calculating Fair Value of                    
                Stock Option) (Details)                                          
74: R100        Stock-Based Compensation (Stock Options             HTML     91K 
                Outstanding, Exercisable and Activity) (Detail)                  
115: R101        Stock-Based Compensation (Stock Option Activity)    HTML     45K  
                (Details)                                                        
51: R102        Stock-Based Compensation (RSU Activity) (Details)   HTML     69K 
35: R103        Quarterly Financial Information Quarterly           HTML     95K 
                Financial Information (Unaudited) (Details)                      
73: R104        Revenue Recognition Schedule Of Revenue (Details)   HTML     84K 
114: R105        Reportable Business Segment Information             HTML     39K  
                (Reportable Segment Information) (Detail)                        
50: R106        Reportable Business Segment Information             HTML    120K 
                (Reportable Segment Tables) (Detail)                             
34: R107        Reportable Business Segment Information             HTML     66K 
                (Geographic Information) (Detail)                                
70: R108        Schedule II - Valuation and Qualifying Accounts     HTML     64K 
                (Detail)                                                         
90: XML         IDEA XML File -- Filing Summary                      XML    245K 
120: XML         XBRL Instance -- ppg201910k_htm                      XML   6.25M  
91: EXCEL       IDEA Workbook of Financial Reports                  XLSX    164K 
13: EX-101.CAL  XBRL Calculations -- ppg-20191231_cal                XML    411K 
14: EX-101.DEF  XBRL Definitions -- ppg-20191231_def                 XML   1.15M 
15: EX-101.LAB  XBRL Labels -- ppg-20191231_lab                      XML   3.10M 
16: EX-101.PRE  XBRL Presentations -- ppg-20191231_pre               XML   1.84M 
12: EX-101.SCH  XBRL Schema -- ppg-20191231                          XSD    288K 
101: JSON        XBRL Instance as JSON Data -- MetaLinks              640±   978K  
17: ZIP         XBRL Zipped Folder -- 0000079879-20-000008-xbrl      Zip    580K 


‘R49’   —   Reportable Business Segment Information (Tables)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.19.3.a.u2
Reportable Business Segment Information (Tables)
12 Months Ended
Segment Reporting [Abstract]  
Reportable Business Segment
($ 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


Geographic Information
($ 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.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/20/20
For Period end:12/31/1911-K,  4,  SD
 List all Filings 


6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/19/22  PPG Industries Inc.               424B2                  2:640K                                   Donnelley … Solutions/FA
 5/18/22  PPG Industries Inc.               424B5                  1:615K                                   Donnelley … Solutions/FA
 3/03/21  PPG Industries Inc.               424B2                  1:515K                                   Donnelley … Solutions/FA
 3/01/21  PPG Industries Inc.               424B5                  1:495K                                   Donnelley … Solutions/FA
 8/25/20  PPG Industries Inc.               424B2                  1:516K                                   Donnelley … Solutions/FA
 8/24/20  PPG Industries Inc.               424B2                  1:515K                                   Donnelley … Solutions/FA
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