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PPG Industries Balance Sheet Statement

Assets, liabilities, and shareholders' equity

PPG Industries holds $22.2B in total assets. Shareholders' equity is $8.1B against $7.1B in total debt. Cash and equivalents total $1.6B. The current ratio is 1.61 and debt-to-equity is 0.874. Based on the Q1 2026 filing.

Total Assets$22.2BTotal Stockholders Equity$8.1BLong Term Debt$6.4BCash And Equivalents$1.6BTotal Current Assets$8.0BTotal Current Liabilities$5.0B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$23.1B
P/E Ratio14.58
ROE21.09%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$2.2B$3.9B$4.1B$3.9B$2.2B$4.0B
Accrued compensation$490.0M———$549.0M—
Accrued Environmental Liabilities$222.0M$219.0M$228.0M$212.0M$206.0M$195.0M
Accrued expenses$510.0M$219.0M$228.0M$212.0M$206.0M$195.0M
Current Pension and Postretirement Benefit Liabilities$76.0M———$75.0M—
Commercial Paper Outstanding$302.0M$296.0M$296.0M$270.0M$272.0M$271.0M
Accounts payable and other current liabilities (Note 11)$3.7B$3.9B$4.1B$3.9B$4.0B$4.0B
Accrued Income Taxes, Current$130.0M———$118.0M—
Current portion of long-term debt$7.0M$13.0M$4.0M$4.0M$4.0M$41.0M
Income taxes payable$130.0M———$118.0M—
Operating lease liabilities, current$126.0M$134.0M$141.0M$140.0M$138.0M$138.0M
Restructuring Reserve$276.0M$267.0M$267.0M$246.0M$226.0M$205.0M
Short-term borrowings$7.0M$13.0M$4.0M$4.0M$4.0M$41.0M
Supplier Finance Program Obligations25100000000.0%23000000000.0%26600000000.0%23800000000.0%24500000000.0%24700000000.0%
Total current liabilities$5.0B$5.8B$5.8B$5.6B$4.9B$5.0B

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$508.0M$3.4B$3.9B$3.7B$553.0M$3.7B
Allowance for Doubtful Accounts$23.0M$20.0M$20.0M$19.0M$22.0M$20.0M
Allowance for Doubtful Accounts Receivable (Current)$23.0M$20.0M$20.0M$19.0M$22.0M$20.0M
Cash and cash equivalents$1.3B$1.8B$1.6B$1.8B$2.2B$1.6B
Cash, Cash Equivalents, and Marketable Securities$85.0M———$79.0M—
Other current assets$368.0M$464.0M$450.0M$415.0M$408.0M$508.0M
Finished goods$949.0M$1.1B$1.2B$1.2B$1.1B$1.2B
Raw materials$613.0M$681.0M$719.0M$693.0M$624.0M$656.0M
Work in process$235.0M$251.0M$270.0M$277.0M$251.0M$269.0M
Inventories$1.8B$2.1B$2.2B$2.2B$2.0B$2.2B
Inventory LIFO Reserve$169.0M$172.0M$180.0M$181.0M$181.0M$182.0M
Prepaid expenses and other current assets$368.0M$464.0M$450.0M$415.0M$408.0M$508.0M
Materials and supplies$49.0M$52.0M$55.0M$53.0M$54.0M$56.0M
Short-term investments$88.0M$63.0M$64.0M$76.0M$56.0M$51.0M
Total current assets$6.6B$7.9B$8.2B$8.2B$8.0B$8.0B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued Employee Benefits (Non-Current)$410.0M$408.0M$409.0M$406.0M$392.0M$390.0M
Asset retirement obligations$11.0M———$12.0M—
Debt Maturity - 2027$621.0M———$2.0B—
Deferred tax liabilities$105.0M———$13.0M—
Defined Benefit Pension Plan Liabilities (Non-Current)$558.0M$562.0M$562.0M$562.0M$550.0M$550.0M
Deferred Tax Liabilities - Leasing Arrangements$148.0M———$150.0M—
Finance lease liabilities$5.0M$6.0M$6.0M$7.0M$5.0M$6.0M
Finance Lease Liabilities (Total)$7.0M$6.0M$6.0M$7.0M$7.0M$6.0M
Long-term debt$4.9B$5.6B$5.9B$5.9B$6.6B$6.4B
Long-Term Debt and Finance Lease Obligations$5.8B———$7.3B—
Long-Term Debt - Fair Value$5.6B———$7.2B—
Other Accounts Payable and Accrued Liabilities$510.0M———$570.0M—
Postretirement benefit obligations other than pensions$410.0M$408.0M$409.0M$406.0M$392.0M$390.0M
Operating lease liabilities, non-current$454.0M$466.0M$475.0M$460.0M$450.0M$449.0M
Other non-current liabilities$754.0M$737.0M$727.0M$738.0M$650.0M$651.0M
Other Pension and Postretirement Benefit Liabilities$410.0M$408.0M$409.0M$406.0M$392.0M$390.0M
Total liabilities$12.5B$14.0B$14.4B$14.2B$14.0B$13.9B
Unrecognized Tax Benefits$141.0M———$111.0M—
Unrecognized Tax Benefits - Impacting Effective Tax Rate$138.0M———$94.0M—
Unrecognized Tax Benefits - Income Tax Penalties and Interest Accrued$11.0M———$11.0M—

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accumulated Goodwill Impairment Losses————$158.0M—
Deferred tax assets$389.0M$464.0M$501.0M$506.0M$457.0M$496.0M
Deferred Tax Assets and Other Non-Current Assets$280.0M$596.0M$594.0M$619.0M$258.0M$625.0M
Deferred Tax Assets - Tax Credit Carryforwards$112.0M———$128.0M—
Equity method investments$141.0M$146.0M$151.0M$156.0M$151.0M$156.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)$81.0M$75.0M$75.0M$75.0M$71.0M$64.0M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year Five)—$282.0M$312.0M$288.0M$299.0M$252.0M
Finite Lived Intangible Assets - Gross$2.8B$2.8B$3.0B$3.0B$2.9B$3.0B
Goodwill$5.7B$5.8B$6.1B$6.1B$6.1B$6.2B
Goodwill and Intangible Assets, Net$607.0M———$643.0M—
Indefinite-Lived Intangible Assets$1.1B$1.2B$1.2B$1.3B$1.3B$1.3B
Indefinite-Lived Research and Development Assets$259.0M———$304.0M—
Indefinite-Lived Trademarks$1.1B$1.2B$1.2B$1.3B$1.3B$1.3B
Intangible Assets Gross (Excluding Goodwill)$3.9B$4.0B$4.2B$4.2B$4.2B$4.2B
Intangible assets, net$799.0M$783.0M$780.0M$723.0M$697.0M$690.0M
Net Investment in Lease$597.0M$616.0M$634.0M$615.0M$604.0M$603.0M
Net Operating Loss Carryforwards$235.0M———$190.0M—
Deferred tax assets$303.0M$414.0M$522.0M$528.0M$481.0M$499.0M
Intangible assets — net$799.0M$783.0M$780.0M$723.0M$697.0M$690.0M
Other intangible assets—net$1.9B$1.9B$2.0B$2.0B$2.0B$2.0B
Investments$331.0M$317.0M$338.0M$342.0M$332.0M$346.0M
Operating lease right-of-use assets$597.0M$616.0M$634.0M$615.0M$604.0M$603.0M
Other non-current assets$569.0M$596.0M$594.0M$619.0M$597.0M$625.0M
Property, plant and equipment at cost$7.7B———$8.7B—
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)$88.0M$63.0M$64.0M$76.0M$56.0M$51.0M
Operating lease right-of-use assets$0.0$616.0M$634.0M$615.0M$604.0M$603.0M
Operating Lease Right-of-Use Assets in Other Assets$597.0M$616.0M$634.0M$615.0M$604.0M$603.0M
Other Investments$105.0M———$102.0M—
Other non-current assets$717.0M$596.0M$594.0M$619.0M$597.0M$625.0M
Accumulated depreciation$4.2B$4.4B$4.6B$4.7B$4.7B$4.8B
Property and equipment, net$3.5B$3.5B$3.7B$3.7B$4.0B$4.0B
Software and Technology Licenses, Net$569.0M$596.0M$594.0M$619.0M$597.0M$625.0M
Tax Credit Carryforward Valuation Allowance$327.0M———$258.0M—
Total assets$19.4B$21.1B$22.1B$22.1B$22.1B$22.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.3B$1.3B$1.3B$1.3B$1.3B$1.4B
Accumulated other comprehensive income (loss)-$3.1B-$2.8B-$2.3B-$2.3B-$2.2B-$2.2B
Common stock$969.0M$969.0M$969.0M$969.0M$969.0M$969.0M
Common Stock Par Value Per Share$1.67———$1.67—
Common Stock Shares Issued229.9M———223.4M—
Common Stock Shares Outstanding$15.0M———$1.0M—
Cumulative Gross Losses and Impairments————$158.0M—
Additional paid-in capital$1.3B$1.3B$1.3B$1.3B$1.3B$1.4B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$969.0M$969.0M$969.0M$969.0M$969.0M$969.0M
Treasury Stock, Value$14.3B$14.7B$14.9B$15.0B$15.1B$15.2B
Noncontrolling interests$177.0M$165.0M$167.0M$156.0M$156.0M$150.0M
Number of Exercisable Options2.3M———2.5M—
Number of Vested and Expected to Vest Options$15.0M———$1.0M—
Preferred stock$10000000.00———$10000000.00—
Retained earnings$22.0B$22.2B$22.5B$22.8B$22.9B$23.2B
Share-Based Payment Award Options Outstanding - Number3.5M———3.8M—
Share-Based Payment - Unrecognized Cost of Nonvested Awards$139.14———$126.62—
Total liabilities and stockholders' equity$19.4B$21.1B$22.1B$22.1B$22.1B$22.2B
Total stockholders' equity$6.8B$6.9B$7.6B$7.8B$7.9B$8.1B
Treasury stock$14.3B$14.7B$14.9B$15.0B$15.1B$15.2B
Undistributed Earnings of Foreign Subsidiaries$6.1B———$7.5B—
Weighted Average Exercise Price of Outstanding Options$125.15———$124.56—
Weighted Average Exercise Price of Vested and Expected to Vest Options$124.95———$124.64—

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$7.7B———$8.7B—
Defined Benefit Plan Discount Rate$0.1———$0.1—
Accumulated Benefit Obligation for Plans with ABO in Excess of Assets$1.3B———$1.3B—
Defined Benefit Plan Healthcare Cost Trend Rate5.5%———6.6%—
Accrual for Environmental Loss Contingencies$222.0M$219.0M$228.0M$212.0M$206.0M$195.0M
Accrued Environmental Loss Contingencies, Current$39.0M$41.0M$49.0M$45.0M$57.0M$54.0M
Accounts Receivable, Allowance for Credit Loss$23.0M$20.0M$20.0M$19.0M$22.0M$20.0M
Asset Retirement Obligation$11.0M———$12.0M—
Available for sale investments$85.0M———$79.0M—
Common stock, par value (in dollars per share)$1.7———$1.7—
Common stock, shares authorized (in shares)$1.2B———$1.2B—
Common stock, shares issued (in shares)$229.9M———$223.4M—
Common Stock, Shares, Outstanding$229.9M———$223.4M—
Short-term debt and current portion of long-term debt$939.0M$1.7B$1.4B$1.4B$706.0M$736.0M
Debt Instrument, Fair Value Disclosure$5.6B———$7.2B—
Amount deferred under the compensation plan, including income earned$125.0M———$116.0M—
Investments in marketable securities by the deferred compensation plan$94.0M———$89.0M—
Deferred Tax Liabilities, Gross$1.2B———$1.1B—
Deferred income taxes$405.0M$464.0M$501.0M$506.0M$457.0M$496.0M
Deferred Tax Assets, Net————$24.0M—
Deferred Tax Assets, Net of Valuation Allowance$1.1B———$1.1B—
Deferred Tax Assets, Operating Loss Carryforwards$389.0M———$324.0M—
Compensation and benefits$215.0M———$203.0M—
Allowance for unfunded lending related commitments$144.0M———$145.0M—
Powder Metal Matter$105.0M———$98.0M—
Deferred Tax Assets, Valuation Allowance$327.0M———$258.0M—
Deferred Tax Liabilities, Net$102.0M—————
Employee benefits$39.0M———$43.0M—
Deferred Tax Liabilities, Other$105.0M———$13.0M—
Deferred Tax Liabilities, Property, Plant and Equipment$268.0M———$201.0M—
Future pension and postretirement benefit obligations$558.0M$562.0M$562.0M$562.0M$550.0M$550.0M
Salary scale, pension benefit obligation2.9%———2.9%—
Less: Fair value of plan assets at end of period$1.6B———$1.7B—
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year$0.1———$0.1—
Fair value of plan assets$717.0M———$761.0M—
Fair value of plan assets$712.0M———$746.0M—
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate$0.0———$0.0—
FIFO adjustment$169.0M———$181.0M—
Equity method investments (Note 11)$141.0M$146.0M$151.0M$156.0M$151.0M$156.0M
2027$2.0M———$2.0M—
Finite-Lived Intangible Assets, Accumulated Amortization$2.0B$2.1B$2.2B$2.2B$2.2B$2.3B
2028$97.0M$89.0M$89.0M$89.0M$84.0M$80.0M
2030$81.0M$75.0M$75.0M$75.0M$71.0M$64.0M
2031$75.0M$64.0M$64.0M$64.0M$62.0M$55.0M
Remainder of 2026—$95.0M$62.0M$29.0M—$79.0M
2027$126.0M$97.0M$97.0M$97.0M$104.0M$87.0M
2029$89.0M$81.0M$81.0M$81.0M$77.0M$73.0M
Finite Lived Intangible Assets Amortization Expense After Year Five—$282.0M$312.0M$288.0M$299.0M$252.0M
Gross Carrying Amount$2.8B$2.8B$3.0B$3.0B$2.9B$3.0B
Goodwill accumulated impairment losses————$158.0M—
Historical low end of range of annual environmental remediation expense over the past 15 years$5.0M———$5.0M—
Historical high end of range of annual environmental remediation expense over the past 15 years$40.0M———$40.0M—
Income tax, potential U.S. tax cost for repatriation of foreign earnings$142.0M———$167.0M—
Intangible assets, accumulated amortization (excluding goodwill)$2.0B—————
Indefinite- lived intangible impairment$3.9B$4.0B$4.2B$4.2B$4.2B$4.2B
Raw materials$613.0M$681.0M$719.0M$693.0M$624.0M$656.0M
Letters of Credit Outstanding, Amount$302.0M$296.0M$296.0M$270.0M$272.0M$271.0M
Outstanding letters of credit and surety bonds$302.0M———$272.0M—
Long-Term Debt, Adjustments Due To Derivatives-$16.0M———-$6.0M—
Long-Term Debt and Lease Obligation$5.8B———$7.3B—
Fair value of long-term debt$5.6B$7.1B$7.2B$7.2B$7.2B$7.0B
2028$1.5B———$702.0M—
2029$621.0M———$2.0B—
2029$1.1B———$295.0M—
2030$782.0M———$1.2B—
Thereafter$892.0M———$2.4B—
2027$933.0M———$702.0M—
Noncontrolling interests in subsidiaries$177.0M$165.0M$167.0M$156.0M$156.0M$150.0M
Number of PPG subsidiaries245.00———220.00—
Operating Loss Carryforwards$235.0M———$190.0M—
Current pension and PRB liabilities (included in Accrued employee compensation)$76.0M———$75.0M—
Expenditures for property (including business acquisitions)$752.0M———$779.0M—
Customer rebates$364.0M———$433.0M—
Restructuring Reserve$276.0M$267.0M$267.0M$246.0M$226.0M$205.0M
Severance accrual, current$128.0M$130.0M$147.0M$115.0M$99.0M$78.0M
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price$125.0———$124.6—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value$139.1———$126.6—
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number$2.3M———$2.5M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number$3.5M———$3.8M—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number$3.4M———$3.7M—
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Number644.3K———714.1K—
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value$15.0M———$1.0M—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price$125.2———$124.6—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value$15.0M———$1.0M—
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price—$114.39$114.39$114.39—$125.55
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price$116.5———$123.0—
Vested or expected vest, at end of period638.6K———689.7K—
Vested or expected to vest, at end of period (in dollars per share)$139.15———$139.81—
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value$15.0M———$1.0M—
Supplier finance program, obligation$251.0M$230.0M$266.0M$238.0M$245.0M$247.0M
Undistributed Earnings of Foreign Subsidiaries$6.1B———$7.5B—
Unrecognized tax benefits$141.0M———$111.0M—
Penalties and interest accrued on unrecognized tax benefits$11.0M———$11.0M—
Amount that if recognized, would affect the effective tax rate or regulatory liability$138.0M———$94.0M—
Valuation Allowances And Reserves Balance$327.0M———$258.0M—
Remainder of Fiscal Year 2024—$95.0M$62.0M$29.0M—$79.0M
Remainder of Fiscal Year 2025—$95.0M$62.0M$29.0M—$79.0M