What is PPG Industries's fifo adjustment?

PPG Industries (PPG) reported fifo adjustment of $181.00M in Q4 2025.

How has PPG Industries's fifo adjustment changed year-over-year?

PPG Industries's fifo adjustment increased by 7.1% year-over-year, from $169.00M to $181.00M.

What is the long-term trend for PPG Industries's fifo adjustment?

Over 5 years (2020 to 2025), PPG Industries's fifo adjustment has grown at a 10.5% compound annual growth rate (CAGR), from $110.00M to $181.00M.

What does fifo adjustment mean?

The valuation adjustment required to convert LIFO inventory values to a FIFO or current-cost basis.

Other

FIFO adjustment

PPG Industries FIFO adjustment increased by 7.1% to $181.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 7.1%, from $169.00M to $181.00M. Over 5 years (FY 2020 to FY 2025), FIFO adjustment shows an upward trend with a 10.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryEfficiency

SignalContext dependent

VolatilityStable

First reportedQ4 2014

Last reportedQ4 2025

How to read this metric

An increase suggests rising inventory costs or a shift in accounting valuation, while a decrease may indicate inventory liquidation or deflationary cost environments.

Detailed definition

This represents the valuation difference between the Last-In, First-Out (LIFO) and First-In, First-Out (FIFO) inventory...

Peer comparison

Standard across manufacturing peers using LIFO; essential for normalizing COGS and inventory turnover ratios.

Metric ID: other_difference_in_inventory_carrying_value

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$174.00M	$272.00M	$183.00M	$169.00M	$181.00M
QoQ Change	—	+56.3%	-32.7%	-7.7%	+7.1%
YoY Change	—	+56.3%	-32.7%	-7.7%	+7.1%

Range$169.00M – $272.00M

CAGR+4.0%

Avg YoY Growth+5.8%

Median YoY Growth-0.3%

Frequently Asked Questions

What is PPG Industries's fifo adjustment?: PPG Industries (PPG) reported fifo adjustment of $181.00M in Q4 2025.
How has PPG Industries's fifo adjustment changed year-over-year?: PPG Industries's fifo adjustment increased by 7.1% year-over-year, from $169.00M to $181.00M.
What is the long-term trend for PPG Industries's fifo adjustment?: Over 5 years (2020 to 2025), PPG Industries's fifo adjustment has grown at a 10.5% compound annual growth rate (CAGR), from $110.00M to $181.00M.
What does fifo adjustment mean?: The valuation adjustment required to convert LIFO inventory values to a FIFO or current-cost basis.