PPG Industries (PPG) 10-K 18 Feb 10 2009 FY Annual report Financial data

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Millions, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Net sales	$12,239	$15,849	$12,220
Cost of sales, exclusive of depreciation and amortization (See Note 2)	7,539	10,155	7,828
Selling, general and administrative (See Note 3)	2,936	3,432	2,310
Depreciation (See Note 3)	354	428	345
Amortization (See Note 7)	126	135	58
Research and development - net (See Note 23)	388	451	348
Interest	193	254	93
Asbestos settlement - net (See Notes 12 and 16)	13	4	24
In-process research and development (See Note 2)	0	23	0
Business restructuring (See Note 8)	186	163	0
Other charges (See Note 16)	65	61	59
Other earnings (See Note 20)	(178)	(165)	(160)
Income from continuing operations before income taxes	617	908	1,315
Income tax expense (See Note 14)	191	284	383
Income from continuing operations, net of tax	426	624	932
Loss from discontinued operations, net of tax	0	0	22
Net income attributable to the controlling and noncontrolling interests (See Note 1)	426	624	910
Less: net income attributable to noncontrolling interests (See Note 1)	90	86	76
Net income (attributable to PPG)	336	538	834
Amounts attributable to PPG
Income from continuing operations, net of tax	336	538	856
Loss from discontinued operations, net of tax (See Note 1)	0	0	22
Net income (attributable to PPG)	$336	$538	$834
Earnings per common share (See Note 13)
Income from continuing operations	2.04	3.27	5.2
Loss from discontinued operations (See Note 1)	$0	$0	0.13
Net income (attributable to PPG)	2.04	3.27	5.07
Earnings per common share - assuming dilution (See Note 13)
Income from continuing operations	2.03	3.25	5.16
Loss from discontinued operations (See Note 1)	$0	$0	0.13
Net Income (attributable to PPG)	2.03	3.25	5.03

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Millions	Dec. 31, 2009		Dec. 31, 2008
Current assets
Cash and cash equivalents	$1,057		$1,021
Receivables (See Note 4)	2,628		2,804
Inventories (See Note 4)	1,548		1,702
Deferred income taxes (See Note 14)	485		515
Other	263		306
Total current assets	5,981		6,348
Property (See Note 5)	8,313		8,043
Less accumulated depreciation	5,559		5,245
Property - net	2,754		2,798
Investments (See Note 6)	499		509
Goodwill (See Note 7)	2,784		2,641
Identifiable intangible assets - net (See Note 7)	1,416		1,472
Other assets (See Note 14)	806		930
Total	14,240		14,698
Current liabilities
Short-term debt and current portion of long-term debt (See Note 9)	272		903
Asbestos settlement (See Note 16)	534		491
Accounts payable and accrued liabilities (See Note 4)	2,648		2,724
Business restructuring (See Note 8)	123		92
Total current liabilities	3,577		4,210
Long-term debt (See Note 9)	3,074		3,009
Asbestos settlement (See Note 16)	238		244
Deferred income taxes (See Note 14)	328		425
Accrued pensions (See Note 15)	944		1,250
Other postretirement benefits (See Note 15)	1,010		1,072
Other liabilities (See Note 15)	1,147		999
Total liabilities	10,318		11,209
Shareholders' equity (See Note 17)
Common stock	484	[1]	484	[1]
Additional paid-in capital	609		580
Retained earnings	8,139		8,156
Treasury stock, at cost	(4,218)		(4,259)
Accumulated other comprehensive loss (See Note 18)	(1,261)		(1,628)
Total PPG shareholders' equity	3,753		3,333
Noncontrolling interests (Note 1)	169		156
Total shareholders' equity	3,922		3,489
Total	$14,240		$14,698
[1]Shares outstanding were 165,667,659 and 164,198,633 as of December 31, 2009 and 2008, respectively.

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
	Dec. 31, 2009	Dec. 31, 2008
Common stock, shares outstanding	165,667,659	164,198,663

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Unearned Compensation (See Note 1)	Accumulated Other Comprehensive (Loss) Income (See Note 18)	Total PPG	Non- controlling Interests	Total
Beginning Balance at Dec. 31, 2006	$484	$408	$7,453	($4,101)	($25)	($939)	$3,280	$148	$3,428
Net income attributable to the controlling and noncontrolling interests			834				834	76	910
Other comprehensive income (loss), net of tax						357	357	4	361
Cash dividends			(335)				(335)		(335)
Purchase of treasury stock				(274)			(274)		(274)
Issuance of treasury stock		102		108			210		210
Stock option activity		43					43		43
Repayment of loans by ESOP					25		25		25
Transition adjustment from adopting new accounting guidance (See Note 1)			11				11		11
Dividends paid on subsidiary common stock to noncontrolling interests								(67)	(67)
Ending Balance at Dec. 31, 2007	484	553	7,963	(4,267)	0	(582)	4,151	161	4,312
Net income attributable to the controlling and noncontrolling interests			538				538	86	624
Other comprehensive income (loss), net of tax						(1,046)	(1,046)	(7)	(1,053)
Cash dividends			(343)				(343)		(343)
Purchase of treasury stock				(7)			(7)		(7)
Issuance of treasury stock		18		15			33		33
Stock option activity		9					9		9
Transition adjustment from adopting new accounting guidance (See Note 1)			(2)				(2)		(2)
Increase through acquisition								23	23
Decrease through divestiture								(27)	(27)
Dividends paid on subsidiary common stock to noncontrolling interests								(79)	(79)
Other								(1)	(1)
Ending Balance at Dec. 31, 2008	484	580	8,156	(4,259)	0	(1,628)	3,333	156	3,489
Net income attributable to the controlling and noncontrolling interests			336				336	90	426
Other comprehensive income (loss), net of tax						367	367		367
Cash dividends			(353)				(353)		(353)
Purchase of treasury stock				(59)			(59)		(59)
Issuance of treasury stock		50		100			150		150
Stock option activity		6					6		6
Equity forward arrangement		(27)					(27)		(27)
Dividends paid on subsidiary common stock to noncontrolling interests								(77)	(77)
Ending Balance at Dec. 31, 2009	$484	$609	$8,139	($4,218)	$0	($1,261)	$3,753	$169	$3,922

Statement Of Other Comprehensiv

Statement Of Other Comprehensive Income (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Net income attributable to the controlling and noncontrolling interests	$426	$624	$910
Other comprehensive income (loss), net of tax (See Note 18)
Unrealized currency translation adjustment	173	(506)	264
Defined benefit pension and other postretirement benefit adjustments (See Note 15)	169	(494)	90
Unrealized (losses) gains on marketable equity securities	0	(4)	0
Net change - derivatives (See Note 12)	25	(49)	7
Other comprehensive income (loss), net of tax	367	(1,053)	361
Total comprehensive income (loss)	793	(429)	1,271
Less: amounts attributable to noncontrolling interests:
Net income	(90)	(86)	(76)
Unrealized currency translation adjustment	0	7	(4)
Comprehensive income (loss) attributable to PPG	$703	($508)	$1,191

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Millions	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Operating activities
Net income attributable to the controlling and noncontrolling interests	$426	$624	$910
Loss from discontinued operations, net of tax	0	0	22
Income from continuing operations, net of tax	426	624	932
Adjustments to reconcile to cash from operations
Depreciation and amortization	480	563	403
Asbestos settlement, net of tax	8	2	15
Business restructuring	186	163	0
Write-off of in-process research and development	0	23	0
Restructuring cash spending	(142)	(27)	(15)
Bad debt expense	59	52	16
Equity affiliate loss (earnings) net of dividends	17	15	(11)
(Decrease) increase in net accrued pension benefit costs	(22)	78	(7)
Decrease (increase) in receivables	235	(4)	(224)
Decrease (increase) in inventories	232	79	(49)
Decrease (increase) in other current assets	62	(123)	(24)
(Decrease) increase in accounts payable and accrued liabilities	(152)	15	72
Decrease (increase) in noncurrent assets	12	21	(100)
(Decrease) increase in noncurrent liabilities	(61)	(132)	3
Other	5	88	51
Cash from operating activities - continuing operations	1,345	1,437	1,062
Cash from operating activities - discontinued operations	0	0	1
Cash from operating activities	1,345	1,437	1,063
Capital spending
Additions to property and investments	(239)	(383)	(364)
Business acquisitions, net of cash balances acquired (See Note 2)	(26)	(1,673)	(233)
Deposits held in escrow (See Note 2)	0	(37)	(1,718)
Release of deposits held in escrow (See Note 2)	22	1,740	2
Proceeds from sale of automotive glass and services business (See Note 3)	0	225	0
Proceeds from termination of currency swap contracts (See Note 12)	0	208	0
Reductions of other property and investments	43	45	68
Payments on cross currency swap contract (See Note 12)	(3)	0	0
Cash (used for) from investing activities - continuing operations	(203)	125	(2,245)
Cash from investing activities - discontinued operations	0	0	38
Cash (used for) from investing activities	(203)	125	(2,207)
Debt:
Borrowings to refinance acquired SigmaKalon debt (See Note 9)	0	1,143	0
Repayment of acquired SigmaKalon debt (See Note 9)	0	(1,259)	0
Proceeds from issuance of notes (net of discount and issuance costs) (See Note 9)	0	1,538	0
Repayment of bridge loan (See Note 9)	0	(1,557)	0
Net change in borrowings with maturities of three months or less	(431)	(392)	698
Proceeds from term loan (See Note 9)	400	0	0
Proceeds from other short-term debt	1	329	1,129
Repayment of other short-term debt	(517)	(442)	(83)
Repayment of 7.05% Notes due 2009 (See Note 9)	(116)	0	0
Proceeds from other long-term debt	29	0	0
Repayment of other long-term debt	(12)	(41)	(71)
Net change in cash related to debt transactions	(646)	(681)	1,673
Other financing activities:
Proceeds from termination of interest rate swaps	0	40	0
Repayment of loans by employee stock ownership plan	0	0	25
Purchase of treasury stock	(59)	(7)	(274)
Issuance of treasury stock	12	13	194
Dividends paid on subsidiary common stock to noncontrolling interests (See Note 1)	(77)	(79)	(67)
Dividends paid	(353)	(343)	(335)
Cash (used for) from financing activities - continuing operations	(1,123)	(1,057)	1,216
Cash (used for) from financing activities - discontinued operations	0	0	0
Cash (used for) from financing activities	(1,123)	(1,057)	1,216
Effect of currency exchange rate changes on cash and cash equivalents	17	(10)	11
Net increase in cash and cash equivalents	36	495	83
Cash and cash equivalents, beginning of year	1,021	526	443
Cash and cash equivalents, end of year	$1,057	$1,021	$526

Summary of Significant Accounti

Summary of Significant Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of PPG Industries, Inc. (PPG or the Company), and all subsidiaries, both U.S. and non-U.S., that it controls. PPG owns more than 50% of the voting stock of the subsidiaries that it controls. Investments in companies in which PPG owns 20% to 50% of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting. As a result, PPGs share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and PPGs share of these companies shareholders equity is included in investments in the accompanying consolidated balance sheet. Transactions between PPG and its subsidiaries are eliminated in consolidation. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period. Actual outcomes could differ from those estimates. Basis of Presentation In the third quarter of 2007, PPG entered into an agreement to sell its fine chemicals business to ZaCh System S.p.A., a subsidiary of Zambon Company S.p.A., for approximately $65 million. The sale of this business was completed in November 2007. The results of operations and cash flows of this business, which had previously been included in the Optical and Specialty Materials reportable segment, have been classified as discontinued operations in the accompanying consolidated statements of income and of cash flows for the year ended December 31, 2007. Net sales of the fine chemicals business were $79 million for the year ended December 31, 2007. For the year ended December 31, 2007 the fine chemicals business had a loss from discontinued operations of $22 million, which included a pretax charge of $25 million ($19 million aftertax) related to the divestiture of the fine chemicals business. Revenue Recognition Revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered. Shipping and Handling Costs Amounts billed to customers for shipping and handling are reported in Net sales in the accompanying consolidated statement of income. Shipping and handling costs incurred by the Company for the delivery of goods to customers are included in Cost of sales, exclusive of depreciation and amortization in the accompanying consolidated statement of income. Selling, General and Administrative Costs Amounts presented as Selling, general and administrative in the accompanying consolidated statement of income are comprised of selling, customer service, distribution and advert

Acquisitions

Acquisitions
	12 Months Ended Dec. 31, 2009 USD / shares
Acquisitions	2. Acquisitions The Company spent $26 million on acquisitions (net of cash acquired of $1 million) in 2009, including purchase price adjustments related to acquisitions that were completed prior to December 31, 2008. The Company spent $1,673 million on acquisitions (net of cash acquired of $136 million) in 2008, including purchase price adjustments related to 2007 acquisitions. Most of this spending was related to the January 2, 2008 acquisition of SigmaKalon, a worldwide coatings producer based in Uithoorn, Netherlands, from global private investment firm Bain Capital (the seller). The acquired business produces architectural, protective and marine and industrial coatings and is a leading coatings supplier in Europe and other key markets across the globe, with an increasing presence in Africa and Asia. The results of these businesses have been included in PPGs consolidated results of operations from January 2, 2008 onward. The 2008 sales of the acquired SigmaKalon businesses were $3.2 billion. The total transaction value was approximately $3.2 billion, consisting of cash paid to the seller of $1,673 million and debt assumed of $1,517 million. The cash paid to the seller consisted of 717 million ($1,056 million) and $617 million. In 2007, PPG issued $617 million of commercial paper and borrowed $1,056 million (717 million) under the 1 billion bridge loan agreement established in December 2007 in anticipation of completing the SigmaKalon acquisition. The proceeds from these borrowings were deposited into escrow in December 2007. Upon closing of the transaction on January 2, 2008, these amounts were released from escrow and paid to the seller. The following table summarizes the final purchase price allocation for the SigmaKalon acquisition. (Millions) Current assets (including cash of $136) $ 1,415 Property, plant, and equipment 635 Customer-related intangibles 685 Trade names 277 Acquired technology 122 Goodwill (non-deductible) 1,353 Other 172 Total assets 4,659 Short-term debt (1,507 ) Current liabilities (798 ) Long-term debt (10 ) Deferred taxes (389 ) Other long-term liabilities (305 ) Net assets 1,650 In-process research and development 23 Total purchase price $ 1,673 Identifiable intangible assets with finite lives are subject to amortization over their estimated useful lives. The identifiable intangible assets acquired in the SigmaKalon transaction will be amortized over an estimated weighted-average amortization period of 11 years. Customer-related intangibles will be amortized over an estimated weighted-average amortization period of 12 years, acquired technology will be amortized over an estimated weighted-average amortization period of seven years and trade names will be amortized over an estimated weighted-average amortization period of 15 years. Estimated future amortization expense related to these identifiable intangible assets is approximately $75 million in each of the next five years. Goodwill related to the SigmaKalon acquisition has been recorded b

Divestiture of Automotive Glass

Divestiture of Automotive Glass and Services Business
	12 Months Ended Dec. 31, 2009 USD / shares
Divestiture of Automotive Glass and Services Business	3. Divestiture of Automotive Glass and Services Business During the third quarter of 2007, the Company entered into an agreement to sell its automotive glass and services business to Platinum Equity (Platinum) for approximately $500 million. Accordingly, the assets and liabilities of this business were classified as held for sale and the results of operations and cash flows of this business were classified as discontinued operations in the third quarter of 2007. In the fourth quarter of 2007, PPG was notified that affiliates of Platinum had filed suit in the Supreme Court of the State of New York, County of New York, alleging that Platinum was not obligated to consummate the agreement. Platinum also terminated the agreement. PPG has sued Platinum and certain of its affiliates for damages, including the $25 million breakup fee stipulated by the terms of the agreement, based on various alleged actions of the Platinum parties. While the transaction with Platinum was terminated, PPG management remained committed to a sale of the automotive glass and services business and continued to classify its assets and liabilities as held for sale and report its results of operations and cash flows as discontinued operations through the first quarter of 2008. In July 2008, PPG entered into an agreement with affiliates of Kohlberg Company, LLC, under which PPG would divest the automotive glass and services business to a new company formed by affiliates of Kohlberg. Under the agreement, PPG would receive a noncontrolling interest in the new company, and, as such, the accounting requirements for classifying the business as assets held for sale and reporting its results of operations and cash flows as discontinued operations had no longer been met. In the second quarter of 2008, the automotive glass and services business was reclassified to continuing operations and, as a result, PPG recorded a one-time, non-cash charge of $17 million ($11 million aftertax) to reflect a catch-up of depreciation expense, which was suspended during the period the business was classified as a discontinued operation. Additionally, in the second quarter of 2008, PPG recorded a charge of $19 million ($12 million aftertax) for special termination benefits and a pension curtailment loss relating to the impact of benefit changes, including accelerated vesting, negotiated as part of the sale. This charge is included in selling, general and administrative expenses in the accompanying consolidated statement of income for the year ended December 31, 2008. The transaction with affiliates of Kohlberg was completed on September 30, 2008, with PPG receiving total proceeds of $315 million, including $225 million in cash and two 6-year notes totaling $90 million ($60 million at 8.5% interest and $30 million at 10% interest). Both notes, which may be prepaid at any time without penalty, are senior to the equity of the new company. In addition, PPG received a noncontrolling interest of approximately 40 percent in the new company, Pittsburgh Glass Works LLC. This transaction resulted in a third quarter 2008 gain of $15 million pretax, net of transaction costs, and is included in O

Working Capital Detail

Working Capital Detail
	12 Months Ended Dec. 31, 2009 USD / shares
Working Capital Detail	4. Working Capital Detail (Millions) 2009 2008 Receivables Customers $ 2,405 $ 2,640 Equity affiliates 28 22 Other 317 245 Allowance for doubtful accounts (122 ) (103 ) Total $ 2,628 $ 2,804 Inventories(1) Finished products $ 918 $ 1,045 Work in process 125 134 Raw materials 390 412 Supplies 115 111 Total $ 1,548 $ 1,702 Accounts payable and accrued liabilities Trade creditors $ 1,384 $ 1,402 Accrued payroll 355 378 Customer rebates 207 208 Otherpostretirementandpensionbenefits 103 102 Income taxes 33 62 Other 566 572 Total $ 2,648 $ 2,724 (1) Inventories valued using the LIFO method of inventory valuation comprised 35% of total gross inventory values as of December31, 2009 and 2008. If the FIFO method of inventory valuation had been used, inventories would have been $224 million and $213 million higher as of December31, 2009 and 2008, respectively. During the year ended December31, 2009 and 2008, certain inventories accounted for on the LIFO method of accounting were reduced, which resulted in the liquidation of certain quantities carried at costs prevailing in prior years. The effect on earnings was income of $12 million and $4 million for the years ended December 31, 2009 and 2008, respectively.

Property

Property
	12 Months Ended Dec. 31, 2009 USD / shares
Property	5. Property (Millions) Useful Lives (years) 2009 2008 Land and land improvements 5-30 $ 478 $ 453 Buildings 20-40 1,476 1,416 Machinery and equipment 5-25 5,507 5,338 Other 3-20 689 604 Construction in progress 163 232 Total(1) $ 8,313 $ 8,043 (1) Interest capitalized in 2009, 2008 and 2007 was $9 million, $8 million and $11 million, respectively.

Investments

Investments
	12 Months Ended Dec. 31, 2009 USD / shares
Investments	6. Investments (Millions) 2009 2008 Investments in and advances to equity affiliates $ 365 $ 381 Marketable equity securities Trading (See Note 15) 56 47 Available for sale 5 4 Other 73 77 Total $ 499 $ 509 The Companys investments in and advances to equity affiliates include its approximately 40 percent interest in Pittsburgh Glass Works LLC, which had a carrying value, including $92 million in notes receivable, of $184 million at December 31, 2009 (see Note 3, Divestiture of Automotive Glass and Services Business). The carrying value of this investment at December 31, 2008 was $183 million. The Companys investments in and advances to equity affiliates also include 50 percent ownership interests in a number of joint ventures that manufacture and sell coatings, glass and chemicals products, the most significant of which produce fiber glass products and are located in Asia. In addition, PPG has a 50 percent ownership interest in RS Cogen, L.L.C., which toll produces electricity and steam primarily for PPG and its joint venture partner. The joint venture was formed with a wholly-owned subsidiary of Entergy Corporation in 2000 for the construction and operation of a $300 million process steam, natural gas-fired cogeneration facility in Lake Charles, La., the majority of which was financed by a syndicate of banks. PPGs future commitment to purchase electricity and steam from the joint venture approximates $23 million per year subject to contractually defined inflation adjustments for the next 13 years. The purchases for the years ended December31, 2009, 2008 and 2007 were $23million, $24 million and $25 million, respectively. Summarized financial information of PPGs equity affiliates on a 100 percent basis, in the aggregate, is as follows: (Millions) 2009 2008 Working capital $ 243 $ 284 Property, net 957 958 Short-term debt (165 ) (133 ) Long-term debt (502 ) (565 ) Other, net 187 229 Net assets $ 720 $ 773 (Millions) 2009 2008 2007 Revenues $ 1,320 $ 885 $ 674 Net (loss) earnings $ (4 ) $ 14 $ 66 PPGs share of undistributed net earnings of equity affiliates was $44 million and $60 million as of December31, 2009 and 2008, respectively. Dividends received from equity affiliates were $11 million, $18 million and $21million in 2009, 2008 and 2007, respectively. As of December 31, 2009 and 2008, there were unrealized pretax losses of $1 million, recorded in Accumulated other comprehensive loss in the accompanying consolidated balance sheet related to marketable equity securities available for sale. During 2009, PPG sold certain of these investments resulting in recognition of pretax gains of $0.1 million and proceeds of $0.1 million. During 2008, PPG sold certain of these investments resulting in recognition of a pretax gain of $0.1 million and proceeds of $1 million.

Goodwill and Other Identifiable

Goodwill and Other Identifiable Intangible Assets
	12 Months Ended Dec. 31, 2009 USD / shares
Goodwill and Other Identifiable Intangible Assets	7.GoodwillandOtherIdentifiableIntangibleAssets The change in the carrying amount of goodwill attributable to each reportable business segment for the years ended December 31, 2009 and 2008 was as follows: (Millions) Performance Coatings Industrial Coatings Architectural Coatings EMEA Optical and Specialty Materials Glass Commodity Chemicals Total Balance, Jan.1,2008 $ 1,051 $ 310 $ $ 57 $ 89 $ $ 1,507 Goodwillfrom acquisitions 122 209 1,047 (4 ) 1,374 Impact of divestiture (SeeNote3) (29 ) (29 ) Currency translation (95 ) (37 ) (71 ) (3 ) (5 ) (211 ) Balance, Dec.31,2008 $ 1,078 $ 482 $ 976 $ 50 $ 55 $ $ 2,641 Goodwill from acquisitions 9 5 3 17 Currency translation 65 18 40 1 2 126 Balance, Dec.31,2009 $ 1,143 $ 509 $ 1,021 $ 51 $ 57 $ 3 $ 2,784 The carrying amount of acquired trademarks with indefinite lives as of December 31, 2009 and 2008 totaled $334 million and $339million, respectively. The Companys identifiable intangible assets with finite lives are being amortized over their estimated useful lives and are detailed below. Dec. 31, 2009 Dec. 31, 2008 (Millions) Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amount Accumulated Amortization Net Acquiredtechnology $ 519 $ (234 ) $ 285 $ 520 $ (201 ) $ 319 Customer-related intangibles 990 (286 ) 704 927 (195 ) 732 Tradenames 122 (35 ) 87 97 (23 ) 74 Other 28 (22 ) 6 26 (18 ) 8 Balance $ 1,659 $ (577 ) $ 1,082 $ 1,570 $ (437 ) $ 1,133 Aggregate amortization expense was $126 million, $135million and $58 million in 2009, 2008 and 2007, respectively. The estimated future amortization expense of identifiable intangible assets during each of the next five years is approximately $130 million.

Business Restructuring

Business Restructuring
	12 Months Ended Dec. 31, 2009 USD / shares
Business Restructuring	8. Business Restructuring In March of 2009, the Company finalized a restructuring plan focused on further reducing its global cost structure, driven by global economic conditions, low end-market demand and acceleration of cost-savings from the integration of the 2008 acquisition of SigmaKalon. As part of the restructuring, PPG closed the paint manufacturing portion of its facility in Saultain, France at the end of 2009, as well as several smaller production, laboratory, warehouse and distribution facilities across PPGs businesses and regions, and has reduced staffing across the company globally. As a result of this restructuring plan, in March of 2009 the Company recorded a charge of $186 million for business restructuring, including severance and other costs of $154 million and asset write-offs of $32 million. The Company will also incur additional costs directly associated with the restructuring actions for demolition, dismantling, relocation and training, which will be charged to expense as incurred. To date, approximately $9 million of these expenses have been incurred. The company expects to incur additional expenses of approximately $2 million in the first quarter of 2010. In the fourth quarter of 2009, adjustments of approximately $10 million were recorded to reduce the restructuring reserves established in 2008 and 2009 to reflect the current estimate of the costs to complete these actions. Also in the fourth quarter of 2009, some additional restructuring actions were approved and charges of approximately $10 million were recorded. At December 31, 2009, substantially all of the actions included in the 2008 and 2009 restructuring plans were completed and the remaining actions will be completed in early 2010. In certain cases, the severance costs associated with these actions will be paid out over time. The following table summarizes the activity through December31, 2009, related to the 2009 restructuring actions: (Millions, except no. of employees) Severance andOther Costs Asset Write-offs Total Reserve Employees Impacted Performance Coatings $ 35 $ 4 $ 39 764 Industrial Coatings 75 16 91 935 Architectural Coatings - EMEA 17 17 130 Optical Specialty Materials 3 9 12 219 Commodity Chemicals 6 6 42 Glass 11 2 13 247 Corporate 7 1 8 91 Total $ 154 $ 32 $ 186 2,428 2009 activity (77 ) (32 ) (109 ) (1,902 ) Currency impact 11 11 Balance as of Dec. 31, 2009 $ 88 $ $ 88 526 During the third quarter of 2008, the Company finalized a restructuring plan as part of implementing PPGs global transformation strategy and the integration of its 2008 acquisition of SigmaKalon. As part of the restructuring, PPG closed its coatings manufacturing facilities in Clarkson, Ont., Canada, and Geldermalsen, the Netherlands. Other staffing reductions in PPGs coatings businesses in No

Debt and Bank Credit Agreements

Debt and Bank Credit Agreements and Leases
	12 Months Ended Dec. 31, 2009 USD / shares
Debt and Bank Credit Agreements and Leases	9. Debt and Bank Credit Agreements and Leases (Millions) 2009 2008 7.05% notes, due 2009(1) $ $ 116 67/8% notes, due 2012(1) 71 71 5.75% notes, due 2013(1) 600 600 37/8% notes, due 2015 (300) 432 418 73/8% notes, due 2016 146 146 67/8% notes, due 2017 74 74 6.65% notes, due 2018 700 700 7.4% notes, due 2019 198 198 9% non-callable debentures, due 2021 149 149 7.70% notes, due 2038 249 249 650 revolving credit facility(2) 368 Unsecured term loan, due 2012 400 Impact of derivatives on debt(1) 16 15 Various other non-U.S. debt, weighted average 7.0% as of December31, 2009 11 18 Capital lease obligations 32 6 Total 3,078 3,128 Less payments due within one year 4 119 Long-term debt $ 3,074 $ 3,009 (1) PPG entered into several interest rate swaps which have the effect of converting $450 million and $125 million as of December 31, 2009 and 2008, respectively, of these fixed rate notes to variable rates, based on the three-month London Interbank Offered Rate (LIBOR). The fair values of these interest rate swaps are based on Level 2 inputs as described in Note 10. The weighted average effective interest rate for these borrowings, including the effects of the outstanding swaps was 5.1% and 5.4% for the years ended December 31, 2009 and 2008, respectively. Refer to Notes 1 and 12 for additional information. (2) This borrowing was effectively due in 2010 because PPG had the intent and ability to rollover this amount until 2010. PPG classified this amount as long-term debt as of December 31, 2008. Amounts outstanding at December31, 2009 are included in short-term borrowings. Aggregate maturities of long-term debt during the next five years are (in millions) $4 in 2010, $10 in 2011, $477 in 2012, $605 in 2013 and $2 in 2014. In order to provide financing for the SigmaKalon acquisition, in December 2007, PPG and certain of its subsidiaries entered into a three year 650 million revolving credit facility with several banks and financial institutions and Societe Generale, as facility agent for the lenders. The facility has an annual fee of 8 basis points. In addition, PPG and a subsidiary entered into two bridge loan agreements, one in the amount of 1 billion with multiple lenders and Credit Suisse as administrative agent for those lenders and the other in the amount of $500 million with Credit Suisse as the lender. Each bridge loan had a term of 364 days. In December 2007, PPG issued $617 million of commercial paper and borrowed $1,056 million (717 million) under the 1 billion bridge loan agreement. The proceeds from these borrowings were deposited into escrow in December 2007. Upon closing of the acquisition on January2, 2008, these amounts were released from escrow and paid to the seller. Also, in January2008, PPG borrowed $1,143 million, representing the remaining $417 million (283 million) available under the 1 billion bridge loan agreement and $726 million (493 million) under the

Fair Value Measurement

Fair Value Measurement
	12 Months Ended Dec. 31, 2009 USD / shares
Fair Value Measurement	10. Fair Value Measurement Accounting guidance on fair value measurements establishes a hierarchy of inputs employed to determine fair value measurements which has three levels. Level 1 inputs are quoted prices in active markets for identical assets and liabilities, are considered to be the most reliable evidence of fair value, and should be used whenever available. Level 2 inputs are observable prices that are not quoted on active exchanges. Level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities. Assets and liabilities reported at fair value on a recurring basis: December31, 2009 (Millions) Level`1 Level2 Level`3 Total Other current assets: Foreign currency contracts(2) $ $ 3 $ $ 3 Equity forward arrangement(1) 18 18 Marketable equity securities 4 4 Investments: Marketable equity securities 60 1 61 Other assets: Interest rate swaps(1) 10 10 Forward starting swaps(1) 3 3 Accounts payable and accrued liabilities: Foreign currency contracts(1) 8 8 Natural gas swap contracts(1) 37 37 Other liabilities: Cross currency swaps(1) 308 308 Natural gas swap contracts(1) 13 13 (1) This entire balance is designated as a hedging instrument under GAAP. (2) The majority of this balance is designated as a hedging instrument under GAAP. December31, 2008 (Millions) Level`1 Level2 Level`3 Total Other current assets: Foreign currency contracts $ $ 7 $ $ 7 Marketable equity securities 4 4 Investments: Marketable equity securities 48 2 50 Other assets: Natural gas swap contracts 1 1 Interest rate swaps 3 3 Cross currency swaps 21 21 Accounts payable and accrued liabilities: Foreign currency contracts 16 16 Equity forward arrangement 6 6 Natural gas swap contracts 62 62 Other liabilities: Foreign currency contracts 6 6 Natural gas swap contracts 24 24 Cross currency swaps 151 151 Assets and liabilities reported at fair value on a nonrecurring basis: As a result of finalizing a restructuring plan, as discussed in Note 8, Business Restructuring, long-lived assets with a carrying amount of $36 million were written-down to their fair value of $4 million, resulting in a charge of $32 million, wh

Financial Instruments, Excludin

Financial Instruments, Excluding Derivative Financial Instruments
	12 Months Ended Dec. 31, 2009 USD / shares
Financial Instruments, Excluding Derivative Financial Instruments	11. Financial Instruments, Excluding Derivative Financial Instruments Included in PPGs financial instrument portfolio are cash and cash equivalents, cash held in escrow, marketable equity securities, company-owned life insurance and short and long-term debt instruments. The fair values of these financial instruments approximated their carrying values, in the aggregate, except for long-term debt. Long-term debt (excluding capital lease obligations), had carrying and fair values totaling $3,046 million and $3,313 million, respectively, as of December31, 2009. The corresponding amounts as of December 31, 2008, were $3,122 million and $3,035 million, respectively. The fair values of the debt instruments were based ondiscounted cash flows and interest rates currently available to the Company for instruments of the same remaining maturities.

Derivative Financial Instrument

Derivative Financial Instruments and Hedge Activities
	12 Months Ended Dec. 31, 2009 USD / shares
Derivative Financial Instruments and Hedge Activities	12. Derivative Financial Instruments and Hedge Activities The Company recognizes all derivative financial instruments as either assets or liabilities at fair value on the balance sheet. The accounting for changes in the fair value of a derivative depends on the use of the instrument. To the extent that a derivative is effective as a cash flow hedge of an exposure to future changes in value, the change in fair value of the instrument is deferred in accumulated other comprehensive (loss) income (AOCI). Any portion considered to be ineffective is reported in earnings immediately, including changes in value related to credit risk. To the extent that a derivative is effective as a hedge of an exposure to future changes in fair value, the change in the derivatives fair value is offset in the consolidated statement of income by the change in fair value of the item being hedged. To the extent that a derivative or a financial instrument is effective as a hedge of a net investment in a foreign operation, the change in the derivatives fair value is deferred as an unrealized currency translation adjustment in AOCI. PPGs policies do not permit speculative use of derivative financial instruments. PPG uses derivative instruments to manage its exposure to fluctuating natural gas prices through the use of natural gas swap contracts. PPG also uses forward currency and option contracts as hedges against its exposure to variability in exchange rates on short-term intercompany borrowings, unrecognized firm sales commitments and cash flows denominated in foreign currencies. PPG uses foreign denominated debt and cross currency swap contracts to hedge net investments in foreign operations. Interest rate swaps are used to manage the Companys exposure to changing interest rates as such rate changes affect the fair value of fixed rate borrowings. Forward starting swaps are used to lock-in a fixed interest rate, to which will be added a corporate spread, related to future long-term debt refinancings. PPG also uses an equity forward arrangement to hedge the Companys exposure to changes in the fair value of PPG stock that is to be contributed to the asbestos settlement trust as discussed in Note 16, Commitments and Contingent Liabilities. PPG enters into derivative financial instruments with high credit quality counterparties and diversifies its positions among such counterparties in order to reduce its exposure to credit losses. The Company did not realize a credit loss on derivatives during the three-year period ended December 31, 2009. PPG centrally manages its foreign currency transaction risk to minimize the volatility in cash flows caused by currency fluctuations. Decisions on whether to use derivative financial instruments to hedge the net transaction exposures related to all regions of the world are made based on the amount of those exposures by currency and, in certain situations, an assessment of the near-term outlook for certain currencies. This net hedging strategy does not qualify for hedge accounting; therefore, the change in the fair value of these instruments is recorded in Other charges in the accompanying consolidated statement of incom

Earnings Per Common Share

Earnings Per Common Share
	12 Months Ended Dec. 31, 2009 USD / shares
Earnings Per Common Share	13. Earnings Per Common Share The earnings per common share calculations for the three years ended December 31, 2009, are as follows: (Millions, except per share amounts) 2009 2008 2007 Earnings per common share (attributable to PPG) Income from continuing operations, net of tax $336 $538 $856 (Loss) income from discontinued operations (22 ) Net Income (attributable to PPG) $336 $538 $834 Weighted average common shares outstanding 164.8 164.6 164.5 Earnings per common share (attributable to PPG): Income from continuing operations $2.04 $3.27 $5.20 (Loss) income from discontinued operations (0.13 ) Net Income (attributable to PPG) $2.04 $3.27 $5.07 Earnings per common share - assuming dilution (attributable to PPG) Income from continuing operations, net of tax $336 $538 $856 (Loss) income from discontinued operations (22 ) Net Income (attributable to PPG) $336 $538 $834 Weighted average common shares outstanding 164.8 164.6 164.5 Effect of dilutive securities: Stock options 0.1 0.2 0.9 Other stock compensation plans 0.6 0.6 0.5 Potentially dilutive common shares 0.7 0.8 1.4 Adjusted weighted average common shares outstanding 165.5 165.4 165.9 Earnings per common share - assuming dilution (attributable to PPG): Income from continuing operations $2.03 $3.25 $5.16 (Loss) income from discontinued operations (0.13 ) Net Income (attributable to PPG) $2.03 $3.25 $5.03 There were 6.2 million, 5.1 million and 1.1 million outstanding stock options excluded in 2009, 2008 and 2007, respectively, from the computation of diluted earnings per common share due to their anti-dilutive effect.

Income Taxes

Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Income Taxes	14. Income Taxes The following table presents a reconciliation of the statutory U.S. corporate federal income tax rate to the Companys effective income tax rate: 2009 2008 2007 U.S. federal income tax rate 35.00 % 35.00 % 35.00 % Changes in rate due to: State and local taxes U.S. 1.99 2.47 1.12 U.S. (benefit) tax on foreign dividends (3.05 ) 0.38 0.20 Taxes on non-U.S. earnings (0.59 ) (3.75 ) (4.92 ) PPG dividends paid to the ESOP (1.61 ) (1.13 ) (0.76 ) U.S. federal audit settlements (0.28 ) (1.59 ) (0.64 ) Other (0.56 ) (0.10 ) (0.85 ) Effective income tax rate 30.90 % 31.28 % 29.15 % The change in the impact on the effective income tax rate for 2009 compared with 2008 due to taxes on non-US earnings was largely the result of lower European earnings, partly as a result of the first quarter restructuring charge. The filing of our 2008 U.S. federal income tax return in September 2009 increased our 2008 foreign sourced income for U.S. tax purposes which, in turn, led to a decision in the fourth quarter to pay dividends from several foreign subsidiaries prior to year end. The benefit of the U.S. foreign tax credits associated with those dividends lowered our 2009 effective tax rate. The change in the impact on the effective income tax rate for 2008 compared with 2007 due to state and local taxes and taxes on non-U.S. earnings was largely the result of the increase in U.S. earnings as a percentage of total earnings. The 2007 effective income tax rate includes the tax benefit of $15 million for the reversal of a valuation allowance previously recorded against the benefit of a tax net operating loss carryforward of a non-U.S. subsidiary and the tax benefit associated with an enacted reduction in the Canadian federal corporate income tax rate. The impact of these items is presented as Taxes on non-U.S. earnings in the above rate reconciliation and accounted for most of the increase in the benefit that taxes on non-U.S. earnings had on the 2007 effective income tax rate. Income before income taxes of the Companys non-U.S. operations for 2009, 2008 and 2007 was $342 million, $219 million and $495 million, respectively. The following table gives details of income tax expense reported in the accompanying consolidated statement of income. (Millions) 2009 2008 2007 Current income taxes U.S. federal $ 3 $ 140 $ 294 Non-U.S. 129 141 156 State and local U.S. 15 29 31 Total current 147 310 481 Deferred income taxes U.S. federal 53 54 (66 ) Non-U.S. (13 ) (86 ) (25 ) State and local U.S. 4 6 (7 ) Total deferred 44 (26 ) (98 ) Total $ 191 $ 284 $ 383 Income tax payments in 2009, 2008

Pensions and Other Postretireme

Pensions and Other Postretirement Benefits
	12 Months Ended Dec. 31, 2009 USD / shares
Pensions and Other Postretirement Benefits	15. Pensions and Other Postretirement Benefits Defined Benefit Plans PPG has defined benefit pension plans that cover certain employees worldwide. The principal defined benefit pension plans are those in the U.S., Canada, the Netherlands and the U.K. which, in the aggregate, represent 99% of the market value of plan assets at December 31, 2009. PPG also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain U.S. and Canadian employees and their dependents. These programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between PPG and participants based on management discretion. The Company has the right to modify or terminate certain of these benefit plans in the future. Salaried and certain hourly employees hired on or after October 1, 2004, are not eligible for postretirement medical benefits. Salaried employees hired, rehired or transferred to salaried status on or after January 1, 2006, and certain hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan. These employees are not eligible for defined benefit pension plan benefits. The Medicare Act of 2003 introduced a prescription drug benefit under Medicare (Medicare Part D) that provides several options for Medicare eligible participants and employers, including a federal subsidy payable to companies that elect to provide a retiree prescription drug benefit which is at least actuarially equivalent to Medicare Part D. During the third quarter of 2004, PPG concluded its evaluation of the provisions of the Medicare Act and decided to maintain its retiree prescription drug program and to take the subsidy available under the Medicare Act. The impact of the Medicare Act was accounted for in accordance with applicable accounting guidance, effective January 1, 2004. In addition, the plan was amended September 1, 2004, to provide that PPG management will determine the extent to which future increases in the cost of its retiree medical and prescription drug programs will be shared by certain retirees. The federal subsidy related to providing a retiree prescription drug benefit is not subject to U.S. federal income tax and is recorded as a reduction in annual net periodic benefit cost of other postretirement benefits. In August 2007, the Companys U.S. other postretirement benefit plan was amended to consolidate the number of retiree health care options available for certain retirees and their dependents. The amendment was effective January 1, 2008. The amended plan also offered a fully-insured Medicare PartD prescription drug plan for certain retirees and their dependents. As such, beginning in 2008 PPG was no longer eligible to receive the subsidy provided under the Medicare Act of 2003 for these retirees and their dependents. In October 2009, the Company decided, effective January 1, 2010, to return to a self-insured Medicare Part D prescription drug plan for certain retirees and their dependents that is at least actuarially equivalent to Medicare

Commitments and Contingent Liab

Commitments and Contingent Liabilities
	12 Months Ended Dec. 31, 2009 USD / shares
Commitments and Contingent Liabilities	16. Commitments and Contingent Liabilities PPG is involved in a number of lawsuits and claims, both actual and potential, including some that it has asserted against others, in which substantial monetary damages are sought. These lawsuits and claims, the most significant of which are described below, relate to contract, patent, environmental, product liability, antitrust and other matters arising out of the conduct of PPGs current and past business activities. To the extent that these lawsuits and claims involve personal injury and property damage, PPG believes it has adequate insurance; however, certain of PPGs insurers are contesting coverage with respect to some of these claims, and other insurers, as they had prior to the asbestos settlement described below, may contest coverage with respect to some of the asbestos claims if the settlement is not implemented. PPGs lawsuits and claims against others include claims against insurers and other third parties with respect to actual and contingent losses related to environmental, asbestos and other matters. The result of any future litigation of such lawsuits and claims is inherently unpredictable. However, management believes that, in the aggregate, the outcome of all lawsuits and claims involving PPG, including asbestos-related claims in the event the settlement described below does not become effective, will not have a material effect on PPGs consolidated financial position or liquidity; however, such outcome may be material to the results of operations of any particular period in which costs, if any, are recognized. Legacy Antitrust Matters Twenty-nine glass antitrust cases were filed in federal courts, all of which were consolidated as a class action in the U.S. District Court for the Western District of Pennsylvania located in Pittsburgh, Pa. On October 19, 2005, PPG entered into a settlement agreement to settle the federal glass class action antitrust case. Pursuant to the settlement agreement, PPG agreed to pay $60 million and to bear up to $500,000 in settlement administration costs. As a result of the settlement, PPG also paid $900,000 pursuant to a pre-existing contractual obligation to a plaintiff that did not participate in the federal glass class action antitrust case. Separately, PPG entered into settlement agreements to resolve all claims of indirect purchasers of flat glass in California and Tennessee. Notwithstanding that PPG has settled these glass class action antitrust cases, PPG continues to believe that there was no wrongdoing on the part of the Company. Approximately 60 cases alleging antitrust violations in the automotive refinish industry were filed in various state and federal jurisdictions. Approximately 55 federal cases were consolidated as a class action in the U.S. District Court for the Eastern District of Pennsylvania located in Philadelphia, Pa. On September 14, 2006, PPG agreed to settle the federal class action for $23 million. Neither PPGs investigation conducted through its counsel of the allegations in these cases nor the discovery conducted in the case has identified a basis for the plaintiffs allegations that PPG participated in a price

Shareholders' Equity

Shareholders' Equity
	12 Months Ended Dec. 31, 2009 USD / shares
Shareholders' Equity	17. Shareholders Equity A class of 10 million shares of preferred stock, without par value, is authorized but unissued. Common stock has a par value of $1.662/3 per share; 600 million shares are authorized. The following table summarizes the shares outstanding for the three years ended December 31, 2009: Common Stock Treasury Stock ESOP Shares Shares Outstanding Balance, January 1, 2007 290,573,068 (126,373,907 ) (117,408 ) 164,081,753 Purchases (3,682,791 ) (3,682,791 ) Issuances/releases 3,284,298 117,408 3,401,706 Balance, December 31, 2007 290,573,068 (126,772,400 ) 163,800,668 Purchases (128,600 ) (128,600 ) Issuances/releases 526,565 526,565 Balance, December 31, 2008 290,573,068 (126,374,435 ) 164,198,633 Purchases (1,500,000 ) (1,500,000 ) Issuances/releases 2,969,026 2,969,026 Balance, December31, 2009 290,573,068 (124,905,409 ) 165,667,659 ESOP shares represented the unreleased new shares held by the ESOP that were not considered outstanding under GAAP (see Note 1, Summary of Significant Accounting Policies and Note 19, Employee Stock Ownership Plan). The number of ESOP shares changed in 2007 as a result of the release of shares to participant accounts by the ESOP. Per share cash dividends paid were $2.13 in 2009, $2.09 in 2008 and $2.04 in 2007.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss
	12 Months Ended Dec. 31, 2009 USD / shares
Accumulated Other Comprehensive Loss	18. Accumulated Other Comprehensive Loss (Millions) Unrealized Currency Translation Adjustments Pension and Other Postretire- ment Benefit Adjustments Unrealized Gain(Loss) on Marketable Securities Unrealized Gain(Loss) on Derivatives Accum- ulated Other Compre- hensive (Loss) Income Balance, January 1, 2007 $ 132 $ (1,057 ) $ 3 $ (17 ) $ (939 ) Net Change 260 90 7 357 Balance, December 31, 2007 $ 392 $ (967 ) $ 3 $ (10 ) $ (582 ) Net change (499 ) (494 ) (4 ) (49 ) (1,046 ) Balance, December 31, 2008 $ (107 ) $ (1,461 ) $ (1 ) $ (59 ) $ (1,628 ) Net change 173 169 25 367 Balance, December31, 2009 $ 66 $ (1,292 ) $ (1 ) $ (34 ) $ (1,261 ) Unrealized currency translation adjustments related to translation of foreign denominated balance sheets exclude income tax expense (benefit) given that the earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time. The tax benefit related to unrealized currency translation adjustments other than translation of foreign denominated balance sheets, for the years ended December31, 2009, 2008, and 2007 was $62 million, $22 million and zero, respectively. The tax benefit (cost) related to the adjustment for pension and other postretirement benefits for the years ended December 31, 2009, 2008 and 2007 was $18 million, $315 million and $(211) million, respectively. The cumulative tax benefit related to the adjustment for pension and other postretirement benefits at December 31, 2009 and 2008 was $824 million and $806million, respectively. The tax benefit (cost) related to the change in the unrealized gain (loss) on marketable securities for the years ended December 31, 2009, 2008 and 2007 was $0.1 million, $2 million and $(0.3) million, respectively. The tax benefit (cost) related to the change in the unrealized gain (loss) on derivatives for the years ended December 31, 2009, 2008 and 2007 was $(16) million, $30million and $(5) million, respectively.

Employee Stock Ownership Plan

Employee Stock Ownership Plan
	12 Months Ended Dec. 31, 2009 USD / shares
Employee Stock Ownership Plan	19. Employee Stock Ownership Plan PPGs ESOP covers substantially all U.S. employees. The Company makes matching contributions to the ESOP based upon participants savings, subject to certain limitations. For most participants not covered by a collective bargaining agreement, Company-matching contributions are established each year at the discretion of the Company and are applied to a maximum of 6% of eligible participant compensation. The Company-matching contribution was 100% for the first two months of 2009, and it was then suspended for the remainder of the year as a cost savings measure in recognition of the adverse impact of the global recession. For 2008 and 2007 the Company-match was 100%. For those participants whose employment is covered by a collective bargaining agreement, the level of Company-matching contribution, if any, is determined by the collective bargaining agreement. In accordance with these agreements, the Company-matching contributions were suspended after the first two months of 2009. Compensation expense related to the ESOP for 2009, 2008 and 2007 totaled $7 million, $42 million and $16million, respectively. Cash contributions by the Company to the ESOP for 2009, 2008 and 2007 totaled $7 million, $42 million and $14 million, respectively. Interest expense totaled $1million for 2007. The tax deductible dividends on PPG shares held by the ESOP were $28 million, $29 million and $29 million for 2009, 2008 and 2007, respectively.

Other Earnings

Other Earnings
	12 Months Ended Dec. 31, 2009 USD / shares
Other Earnings	20. Other Earnings (Millions) 2009 2008 2007 Interest income $ 28 $ 26 $ 20 Royalty income 45 52 48 Share of net (loss) earnings of equity affiliates (SeeNote 6) (5 ) 3 32 Gain on sale of assets 36 23 14 Other 74 61 46 Total $ 178 $ 165 $ 160

Stock-Based Compensation

Stock-Based Compensation
	12 Months Ended Dec. 31, 2009 USD / shares
Stock-Based Compensation	21. Stock-Based Compensation The Companys stock-based compensation includes stock options, restricted stock units (RSUs) and grants of contingent shares that are earned based on achieving targeted levels of total shareholder return. All current grants of stock options, RSUs and contingent shares are made under the PPG Industries, Inc., Omnibus Incentive Plan (PPG Omnibus Plan). Shares available for future grants under the PPG Omnibus Plan were 5.6 million as of December 31, 2009. Total stock-based compensation cost was $34 million, $33 million and $46 million in 2009, 2008 and 2007, respectively. The total income tax benefit recognized in the accompanying consolidated statement of income related to the stock-based compensation was $12 million, $12 million and $17million in 2009, 2008 and 2007, respectively. Stock Options PPG has outstanding stock option awards that have been granted under two stock option plans: the PPG Industries, Inc. Stock Plan (PPG Stock Plan) and the PPG Omnibus Plan. Under the PPG Omnibus Plan and the PPG Stock Plan, certain employees of the Company have been granted options to purchase shares of common stock at prices equal to the fair market value of the shares on the date the options were granted. The options are generally exercisable beginning from six to 48 months after being granted and have a maximum term of 10 years. Upon exercise of a stock option, shares of Company stock are issued from treasury stock. The PPG Stock Plan includes a restored option provision for options originally granted prior to January 1, 2003 that allows an optionee to exercise options and satisfy the option price by certifying ownership of mature shares of PPG common stock with equivalent market value. On July 1, 1998, under the PPG Industries, Inc., Challenge 2000 Stock Plan, the Company granted to substantially all active employees of the Company and its majority owned subsidiaries the option to purchase 100 shares of common stock at its then fair market value of $70 per share. The options became exercisable on July 1, 2003 and expired on June 30, 2008. A total of 1.2 million options expired on that date. The fair value of stock options issued to employees is measured on the date of grant and is recognized as expense over the requisite service period. PPG estimates the fair value of stock options using the Black-Scholes option pricing model. The risk-free interest rate is determined by using the U.S. Treasury yield curve at the date of the grant and using a maturity equal to the expected life of the option. The expected life of options is calculated using the average of the vesting term and the maximum term, as prescribed by accounting guidance on the use of the simplified method for determining the expected term of an employee stock option. This method is used as the vesting terms of stock options were changed in 2004 to a three year vesting term, and as a result, the historical exercise data does not provide a reasonable basis upon which to estimate the expected life of options. The expected dividend yield and volatility are based on historical stock prices and dividend amounts over past time periods equal in len

Advertising Costs

Advertising Costs
	12 Months Ended Dec. 31, 2009 USD / shares
Advertising Costs	22. Advertising Costs Advertising costs are expensed in the year incurred and totaled $268 million, $310 million and $157 million in 2009, 2008 and 2007, respectively.

Research and Development

Research and Development
	12 Months Ended Dec. 31, 2009 USD / shares
Research and Development	23. Research and Development (Millions) 2009 2008 2007 Research and development total $ 403 $ 468 $ 363 Less depreciation on research facilities 15 17 15 Research and development net $ 388 $ 451 $ 348

Quarterly Financial Information

Quarterly Financial Information (unaudited)
	12 Months Ended Dec. 31, 2009 USD / shares
Quarterly Financial Information (unaudited)	24. Quarterly Financial Information (unaudited) 2009 Quarter Ended Total Millions (except per share amounts) March31 June 30 Sept.30 Dec.31 Net sales $ 2,783 $ 3,115 $ 3,225 $ 3,116 $ 12,239 Cost of Sales(1) 1,718 1,898 1,989 1,934 7,539 Net (loss) income (attributable to PPG) (111 ) 146 159 142 336 (Loss) earnings per common share (0.68 ) 0.89 0.96 0.86 2.04 (Loss) earnings per common share assuming dilution $ (0.68 ) $ 0.89 $ 0.96 $ 0.85 $ 2.03 2008 Quarter Ended Total Millions (except per share amounts) March31(2) June30(2) Sept.30(2) Dec.31 Net sales $ 3,962 $ 4,474 $ 4,225 $ 3,188 $ 15,849 Cost of Sales(1) 2,596 2,829 2,701 2,029 10,155 Net income (attributable to PPG) 100 250 117 71 538 Earnings per common share 0.61 1.52 0.71 0.43 3.27 Earnings per common share assuming dilution $ 0.61 $ 1.51 $ 0.70 $ 0.43 $ 3.25 (1) Exclusive of depreciation and amortization. (2) Inclusive of the results of operations of the automotive glass and services business.

Reportable Business Segment Inf

Reportable Business Segment Information
	12 Months Ended Dec. 31, 2009 USD / shares
Reportable Business Segment Information	25. Reportable Business Segment Information Segment Organization and Products PPG is a multinational manufacturer with 13 operating segments that are organized based on the Companys major products lines. These operating segments are also the Companys reporting units for purposes of testing goodwill for impairment (see Note 1, Summary of Significant Accounting Policies). These operating segments were expanded during the first quarter of 2008 to include the protective and marine coatings operating segment, which is included in the Performance Coatings reportable segment, and the Architectural Coatings EMEA (Europe, Middle East and Africa) operating segment, which is also a reportable business segment. These changes were a result of the SigmaKalon acquisition. The operating segments have been aggregated based on economic similarities, the nature of their products, production processes, end-use markets and methods of distribution into six reportable business segments. The Performance Coatings reportable segment is comprised of the refinish, aerospace, architectural coatings Americas and Asia Pacific and protective and marine coatings operating segments. This reportable segment primarily supplies a variety of protective and decorative coatings, sealants and finishes along with paint strippers, stains and related chemicals, as well as transparencies and transparent armor. The Industrial Coatings reportable segment is comprised of the automotive, industrial and packaging coatings operating segments. This reportable segment primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, inks and metal pretreatment products. The Architectural Coatings EMEA reportable segment is comprised of the architectural coatings EMEA operating segment. This reportable segment primarily supplies a variety of coatings under a number of brands and purchased sundries to painting contractors and consumers in Europe, the Middle East and Africa. The Optical and Specialty Materials reportable segment is comprised of the optical products and silicas operating segments. The primary Optical and Specialty Materials products are Transitions lenses, sunlenses, optical lens materials, amorphous precipitated silica products and Teslin synthetic printing sheet. Transitionslenses are processed and distributed by PPGs 51%-owned joint venture with Essilor International. The Commodity Chemicals reportable segment is comprised of the chlor-alkali and derivatives operating segment. The primary chlor-alkali and derivative products are chlorine, caustic soda, vinyl chloride monomer, chlorinated solvents, calcium hypochlorite, ethylene dichloride, hydrochloric acid and phosgene derivatives. The Glass reportable segment is comprised of the performance glazings and fiber glass operating segments. This reportable segment primarily supplies flat glass and continuous-strand fiber glass products. Production facilities and markets for Performance Coatings, Industrial Coatings, Architectural Coatings EMEA, Optical and Specialty Materials, Commodity Chemicals and Glass are significantly in North America and Eur

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule II - Valuation and Qualifying Accounts	Schedule II Valuation and Qualifying Accounts Allowance for Doubtful Accounts for the Years Ended December 31, 2009, 2008and 2007 (Millions) Balanceat Beginning of Year Chargedto Costs and Expenses(1) Other Additions(2) Deductions(3) Balanceat End of Year 2009 $ 103 $ 59 $ $ (40 ) $ 122 2008 $ 51 $ 52 $ 38 $ (38 ) $ 103 2007 $ 48 $ 16 $ 2 $ (15 ) $ 51 (1) Bad debt expense was $11 million in 2008 for acquired businesses. Theremainder of the increase in bad debt expense compared to 2007 was primarily related to the Industrial Coatings segment. (2) Represents allowance for doubtful accounts of acquired businesses. (3) Notes and accounts receivable written off as uncollectible, net of recoveries, amounts attributable to divestitures and changes attributable to foreign currency translation.

Document Information

Document Information
	12 Months Ended Dec. 31, 2009 USD / shares
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Jan. 31, 2010	Jun. 30, 2009
Trading Symbol	PPG
Entity Registrant Name	PPG INDUSTRIES INC
Entity Central Index Key	0000079879
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		165,857,383
Entity Public Float			$7,224,000,000