Financial Analysis

"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 may relate to contract, patent, environmental, product liability, antitrust, employment 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, property damage and certain other claims, PPG believes it has adequate insurance; however, certain of PPGs insurers are contesting coverage with respect to some of these claims, and other insurers may contest coverage with respect to some claims in the future. 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 results of any current or future litigation and claims are inherently unpredictable. However, management believes that, in the aggregate, the outcome of all lawsuits and claims involving PPG 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. Asbestos Matters As of December 31, 2025, the Company was aware of certain asbestos-related claims pending against the Company and cert …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Borrowings and Lines of Credit Long-term Debt Obligations ($ in millions) Maturity Date 2025 2024 0.875% notes (600) 2025 620 1.875% notes (300) 2025 310 1.2% notes ($700) 2026 700 698 1.4% notes (600) 2027 704 619 Term Loan due 2028 (1,050) (1) 2028 1,233 776 3.75% notes ($800) (2) 2028 801 806 2.5% notes (80) 2029 94 83 2.8% notes ($300) 2029 299 298 2.75% notes (700) 2029 819 718 2.55% notes ($300) 2030 298 297 4.375% notes ($700) 2031 692 3.25% notes (900) 2032 1,047 1.95% note (50) 2037 58 51 7.7% notes ($176) 2038 175 175 5.5% notes ($250) 2040 248 248 3.0% notes (120) 2044 135 118 Finance lease obligations Various 7 7 Impact of derivatives on debt (3) N/A (6) (16) Total $7,304 $5,808 Less payments due within one year N/A 702 932 Long-term debt $6,602 $4,876 (1) As of December 31, 2025, the Term Loan was due in 2028. In January 2026, the Term Loan was amended to extend its maturity to January 2029. (2) In February 2018, PPG entered into interest rate swaps which converted $375 million of the notes from a fixed interest rate to a floating interest rate based on the three month SOFR. The impact of the derivative on the notes represents the fair value adjustment of the debt. The average effective interest rate for the portion of the notes impacted by the swaps was 5.5% and 6.4% for the years ended December 31, 2025 and 2024, respectively. Refer to Note 11, Financial Instruments, Hedging Activities and Fair Value Measurements for additional information. (3) Fair value adju …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Goodwill and Other Identifiable Intangible Assets Goodwill ($ in millions) Global Architectural Coatings Performance Coatings Industrial Coatings Total January 1, 2024 $2,996 $1,913 $1,206 $6,115 Acquisitions, including purchase accounting adjustments 2 2 Divestitures (2) (2) Foreign currency impact and other (308) (61) (56) (425) December 31, 2024 $2,688 $1,854 $1,148 $5,690 Foreign currency impact and other 320 60 79 459 December 31, 2025 $3,008 $1,914 $1,227 $6,149 In the fourth quarter, the Company tests the carrying value of goodwill for impairment, as discussed in Note 1. Summary of Significant Accounting Policies. In both 2025 and 2024, the annual impairment testing of goodwill did not result in impairment of any of the Companys reporting units. In conjunction with the 2023 assessment, the Company determined that the estimated fair value of the traffic solutions reporting unit was less than its carrying value, resulting in recognition of a goodwill impairment charge of $158 million in Impairment and other related charges , net in the accompanying consolidated statements of income. The fair value of the traffic solutions reporting unit was estimated using a discounted cash flow model. Key assumptions and estimates used in the discounted cash flow model included projected future revenues, a discount rate, operating cash flows, capital expenditures, and a tax rate. The decline in the fair value of the traffic solutions reporting unit compared to prior periods was primaril …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes The provision for income taxes by taxing jurisdiction and by significant components consisted of the following: ($ in millions) 2025 2024 2023 Current U.S. federal $62 $67 $95 U.S. state and local 4 15 14 Foreign 419 490 506 Total current income tax expense $485 $572 $615 Deferred U.S. federal ($30) ($2) ($156) U.S. state and local (3) (8) (15) Foreign 6 (87) (16) Total deferred income tax benefit ($27) ($97) ($187) Total income tax expense $458 $475 $428 The following table is a reconciliation of the statutory U.S. corporate federal income tax rate to the Companys effective tax rate for 2025 in accordance with the guidance in ASU 2023-09: 2025 ($ in millions, except percentages) Amount Percent U.S. federal income tax rate $429 21.0 % Foreign tax effects Mexico Tax rate differential 55 2.7 Nontaxable inflationary effect (23) (1.1) Other adjustments 34 1.6 Singapore Nontaxable gain on sale (45) (2.2) Other adjustments (2) (0.1) Switzerland Nondeductible loss on sale 45 2.2 Other adjustments (11) (0.6) Other foreign jurisdictions 61 3.0 Tax credits (33) (1.6) Changes in unrecognized tax benefits (39) (1.9) Other adjustments Return to provision (25) (1.2) Other adjustments 12 0.6 Effective income tax rate $458 22.4 % The following table is a reconciliation of the statutory U.S. corporate federal income tax rate to the Companys effective tax rate for 2024 and 2023 in accordance with the guidance prior to the adoption of ASU 2023-09: 2024 2023 U.S. federal income tax …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases PPG leases certain retail paint stores, warehouses, distribution facilities, office space, fleet vehicles and equipment. The components of lease expense for the years ended December 31, 2025, 2024 and 2023 were as follows: ($ in millions) Classification in the Consolidated Statement of Income 2025 2024 2023 Operating lease cost Cost of sales, exclusive of depreciation and amortization $49 $47 $45 Operating lease cost Selling, general and administrative 150 141 138 Total operating lease cost $199 $188 $183 Finance lease cost: Amortization of right-of-use assets Depreciation $1 $1 $1 Interest on lease liabilities Interest expense 1 1 1 Total finance lease cost $2 $2 $2 Total lease cost $201 $190 $185 Total operating lease cost for the years ended December 31, 2025, 2024 and 2023 is inclusive of the following: ($ in millions) 2025 2024 2023 Variable lease costs $10 $9 $9 Short-term lease costs $19 $20 $19 The lease amounts included in the consolidated balance sheet as of December 31, 2025 and 2024 were as follows: ($ in millions) Classification on the Consolidated Balance Sheet 2025 2024 Assets: Operating Operating lease right-of-use assets $604 $597 Finance (1) Property, plant, and equipment, net 15 12 Total leased assets $619 $609 Liabilities: Current Operating Current portion of operating lease liabilities $138 $126 Finance Short-term debt and current portion of long-term debt 2 2 Noncurrent Operating Operating lease liabilities 450 454 Finance Long-term debt 5 5 Total …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Accounting Standards Adopted in 2025 Effective for the annual period ended December 31, 2025, PPG adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2023-09 Improvements to Income Tax Disclosures (Topic 740). This ASU updated current income tax disclosure requirements to require disclosures of specific categories of information within the effective tax rate reconciliation, as well as disclosure of income taxes paid disaggregated by jurisdiction. PPG elected to apply ASU 2023-09 prospectively. Adoption of this ASU resulted in additional disclosure, but did not impact PPGs consolidated financial position, results of operations or cash flows. Accounting Standards to be Adopted in Future Years In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting Comprehensive Income-Expense Disaggregation (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires the disclosure of additional information related to certain costs and expenses, including amounts of inventory purchases, employee compensation, and depreciation and amortization included in each income statement line item. The ASU also requires disclosure of the total amount of selling expenses and our definition of selling expenses. This ASU will be effective for the annual period ending December 31, 2027. Adoption of this ASU will result in additional disclosure, but will not impact PPGs consolidated financial position, results of operations or cash flow …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Employee Benefit Plans 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, Germany, the Netherlands and the U.K. These plans in the aggregate represent 92% of PPGs total projected benefit obligation at December 31, 2025, of which the U.S. defined benefit pension plans represent the largest component. As of January 1, 2006, the Companys U.S. salaried defined benefit plans were closed to new entrants. In 2011 and 2012, the Company approved amendments related to its U.S. and Canadian defined benefit plans pursuant to which employees stopped accruing benefits at certain dates based on the affected employees combined age and years of service to PPG. As of December 31, 2020, the Companys U.S. and Canadian defined benefit plans were frozen for all participants. The Company plans to continue reviewing and potentially amending PPG defined benefit plans in the future. U.S. pension annuity contracts In March 2023, the Company purchased group annuity contracts that transferred to third-party insurance companies pension benefit obligations for certain of the Companys retirees in the U.S. who were receiving their monthly retirement benefit payments from a U.S. pension plan. The amount of each affected retirees annuity payment was equal to the amount of such individuals pension benefit. The purchase of group annuity contracts was funded directly by the assets of the U.S …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Business Restructuring The Company records restructuring liabilities that represent charges incurred in connection with consolidations of certain operations, including operations from acquisitions, as well as headcount reduction programs. These charges consist primarily of severance costs and certain other cash costs. As a result of these programs, the Company will also incur incremental non-cash accelerated depreciation expense for certain assets due to their reduced expected asset life. These charges are not allocated to the Companys reportable business segments. Refer to Note 21, Reportable Business Segment Information for additional information. In 2024, the Company approved a comprehensive cost reduction program. The multi-year program focused on reducing structural costs primarily in Europe and in certain other global businesses, along with other corporate costs following the divestitures of PPGs silicas products business and the architectural coatings business in the U.S. and Canada. The program includes various facility closures and other targeted fixed cost reductions. In connection with approval of this restructuring program, the Company recorded a pretax restructuring charge of $239 million, representing employee severance and other cash costs. As a result of this program, the Company also recognized a $110 million non-cash charge in 2024 due to the recognition of accumulated currency losses related to the exit of its Argentina operations. The majority of the remai …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenue Recognition The Company recognizes revenue when control of the promised goods or services is transferred to the customer and in amounts that the Company expects to collect. The timing of revenue recognition takes into consideration the various shipping terms applicable to the Companys sales. For most transactions, control passes in accordance with agreed upon delivery terms. The Company delivers products to company-owned stores, home centers and other regional or national consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. Each product delivered to a third party customer is considered to satisfy a performance obligation. Performance obligations generally occur at a point in time and are satisfied when control of the goods passes to the customer. The Company is entitled to collection of the sales price under normal credit terms in the regions in which it operates. Accounts receivable are recognized when there is an unconditional right to consideration. Payment terms vary from customer to customer, depending on creditworthiness, prior payment history and other considerations. The Company also provides services by applying coatings to customers' manufactured parts and assembled products and by providing technical support to certain customers. Performance obligations are satisfied over time as critical milestones are met and as services are …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Reportable Business Segment Information PPG is a multinational manufacturer with 10 operating segments (which the Company refers to as strategic business units) that are organized based on the Companys major products lines. The operating segments are aggregated into reportable business segments based on their similar economic characteristics, including similar nature of products, production processes, end-use markets and methods of distribution. The Global Architectural Coatings reportable business segment is comprised of the architectural coatings EMEA and architectural coatings Latin America and Asia Pacific operating segments. This reportable business segment primarily supplies paints, wood stains, adhesives, sealants and purchased sundries. The Performance Coatings reportable business segment is comprised of the automotive refinish coatings, aerospace coatings, protective and marine coatings and traffic solutions operating segments. This reportable business segment primarily supplies a variety of coatings, solvents, adhesives, sealants and finishes, along with pavement marking products, transparencies and paint films. The Industrial Coatings reportable business segment is comprised of the automotive OEM coatings, industrial coatings, packaging coatings, and the specialty products operating segments. This reportable business segment primarily supplies a variety of protective and decorative coatings and finishes along with adhesives, sealants, metal pretreatment products, o …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

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 most of the subsidiaries that it controls. For those consolidated subsidiaries in which the Companys ownership is less than 100%, the outside shareholders interests are shown as noncontrolling interests. 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 income or losses from such equity affiliates is included in the consolidated statement of income and PPGs share of these companies shareholders equity is included in Investments on the 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 …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

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 $1.66 2 / 3 per share; 1.2 billion shares are authorized. Common Stock Treasury Stock Shares Outstanding January 1, 2023 581,146,136 (346,072,210) 235,073,926 Purchases (673,638) (673,638) Issuances 810,566 810,566 December 31, 2023 581,146,136 (345,935,282) 235,210,854 Purchases (5,838,606) (5,838,606) Issuances 555,635 555,635 December 31, 2024 581,146,136 (351,218,253) 229,927,883 Purchases (6,876,495) (6,876,495) Issuances 375,560 375,560 December 31, 2025 581,146,136 (357,719,188) 223,426,948 Per share cash dividends paid were $2.78, $2.66 and $2.54 in 2025, 2024 and 2023, respectively. …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

"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 may relate to contract, patent, environmental, product liability, asbestos exposure, antitrust, employment, securities 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, property damage and certain other claims, PPG believes it has adequate insurance; however, certain of PPGs insurers are contesting coverage with respect to some of these claims, and certain insurers may contest coverage with respect to claims in the future. PPGs lawsuits and claims against others include claims against insurers and other third parties with respect to actual and contingent losses related to contract, environmental, asbestos and other matters. The results of any current or future litigation and claims are inherently unpredictable. However, management believes that, in the aggregate, the outcome of all lawsuits and claims involving PPG 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. Asbestos Matters As of June 30, 2026, the Company was aware of certain asbestos-related claims pe …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Borrowings Credit Agreements In April 2023, PPG entered into a 500 million term loan credit agreement (the ""Term Loan""). The Term Loan contains covenants that are consistent with those in the Credit Agreements discussed below and that are usual and customary restrictive covenants for facilities of its type, which include, with specified exceptions, limitations on the Companys ability to create liens or other encumbrances, to enter into sale and leaseback transactions and to enter into consolidations, mergers or transfers of all or substantially all of its assets. In April 2023, PPG borrowed 500 million under the Term Loan. In December 2023, PPG obtained lender commitments sufficient to increase the size of the Term Loan by 250 million. In January 2024, PPG borrowed the additional 250 million. In December 2024, PPG obtained lender commitments sufficient to increase the size of the Term Loan by 300 million. In January 2025, PPG borrowed the additional 300 million. In January 2026, the Term Loan was amended to extend its maturity. Based on this amendment, the Term Loan terminates and all amounts outstanding are payable in January 2029. The Term Loan is denominated in euro and has been designated as a hedge of the net investment in the Companys European operations. For more information, refer to Note 11 Financial Instruments, Hedging Activities and Fair Value Measurements. In October 2025, PPG amended and restated its five-year credit agreement (""the Credit Agreement"") dated …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

"Stock-Based Compensation The Companys stock-based compensation includes stock options, restricted stock units (RSUs), market stock units (""MSUs"") and grants of contingent shares that are earned based on achieving targeted levels of total shareholder return (""TSR""). All current grants of stock options, RSUs, MSUs and contingent shares made before April 21, 2026 were made under the PPG Industries, Inc. Amended and Restated Omnibus Incentive Plan (PPG Amended Omnibus Plan), which was amended and restated effective April 21, 2016. On April 16, 2026, the Companys shareholders approved the PPG Industries, Inc. 2026 Omnibus Incentive Plan (the 2026 Omnibus Plan) to replace the PPG Amended Omnibus Plan which expired by its terms on April 21, 2026. The 2026 Omnibus Incentive Plan authorizes the Company to issue 6,903,753 shares of stock in the form of equity awards to employees, including 5,403,753 shares that were previously authorized under the PPG Amended Omnibus Plan and 1,500,000 additional shares approved by shareholders for issuance under the 2026 Omnibus Plan. Any equity awards granted under the PPG Amended Omnibus Plan between December 31, 2025 and April 21, 2026, the date that the 2026 Omnibus Plan became effective, have reduced the number of shares available for issuance under the 2026 Omnibus Incentive Plan on a one-for-one basis. Three Months Ended June 30 Six Months Ended June 30 ($ in millions) 2026 2025 2026 2025 Stock-based compensation expense $16 $13 $27 $36 In …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Goodwill and Other Identifiable Intangible Assets The Company tests indefinite-lived intangible assets and goodwill for impairment by performing either a qualitative evaluation or a quantitative test at least annually, or more frequently if an indication of impairment arises. The qualitative evaluation is an assessment of factors to determine whether it is more likely than not that the fair value of a reporting unit or asset is less than its carrying amount. The Company did not identify an indication of goodwill impairment for any of its reporting units or an indication of impairment of any of its indefinite-lived intangible assets during the six months ended June 30, 2026. The change in the carrying amount of goodwill attributable to each reportable segment for the six months ended June 30, 2026 was as follows: ($ in millions) Global Architectural Coatings Performance Coatings Industrial Coatings Total January 1, 2026 $3,008 $1,914 $1,227 $6,149 Acquisitions, including purchase accounting adjustments 63 63 Foreign currency impact (19) (15) (15) (49) June 30, 2026 $2,989 $1,962 $1,212 $6,163 As of both June 30, 2026 and December 31, 2025, accumulated goodwill impairment losses totaled $158 million, all of which relates to the Performance Coatings reportable segment. A summary of the carrying value of the Company's identifiable intangible assets is as follows: June 30, 2026 December 31, 2025 ($ in millions) Gross Carrying Amount Accumulated Amortization Net Gross Carrying Amou …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes Six Months Ended June 30 2026 2025 Effective tax rate on Income before income taxes 23.8 % 23.8 % Income tax expense for the six months ended June 30, 2026 and 2025 is based on an estimated annual effective rate, which requires management to make its best estimate of annual Income before income taxes. During the year, PPG management regularly updates forecasted annual Income before income taxes for the various countries in which PPG operates based on changes in factors such as prices, shipments, product mix, raw material inflation and manufacturing operations. To the extent that actual 2026 results for the U.S. and foreign jurisdictions vary from estimates, the actual Income tax expense recognized in 2026 could be different from the forecasted amount used to estimate Income tax expense for the six months ended June 30, 2026.

IncomeTaxDisclosureTextBlock

"Recently Adopted Accounting Standards PPG did not adopt any new accounting standards during the six months ended June 30, 2026. Recently Issued Accounting Standards In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting Comprehensive Income-Expense Disaggregation (Subtopic 220-40): Disaggregation of Income Statement Expenses. The ASU requires the disclosure of additional information related to certain costs and expenses, including amounts of inventory purchases, employee compensation, and depreciation and amortization included in each income statement line item. The ASU also requires disclosure of the total amount of selling expenses and our definition of selling expenses. This ASU will be effective for the annual period ending December 31, 2027. Adoption of this ASU will result in additional disclosure, but will not impact PPGs consolidated financial position, results of operations or cash flows. In September 2025, the FASB issued ASU 2025-06, Intangibles Goodwill and Other Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU is intended to modernize the recognition and disclosure framework for internal-use software costs, removing the previous development stage model to align the accounting rules with how software is developed today. This ASU will be effective for PPG beginning January 1, 2028. The Company is currently evaluating the impact of this ASU on its consolidated financial statements …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Pensions and Other Postretirement Benefits The service cost component of net periodic pension and other postretirement benefit cost is included in Cost of sales, exclusive of depreciation and amortization, Selling, general and administrative, and Research and development, net in the accompanying condensed consolidated statement of income. All other components of net periodic benefit cost are recorded in Other charges, net in the accompanying condensed consolidated statement of income. Net periodic pension benefit cost and other postretirement benefit cost for the three and six months ended June 30, 2026 and 2025 was as follows: Pension Three Months Ended June 30 Six Months Ended June 30 ($ in millions) 2026 2025 2026 2025 Service cost $3 $2 $5 $4 Interest cost 25 26 50 51 Expected return on plan assets (29) (26) (57) (52) Amortization of actuarial losses 6 6 13 12 Settlements 1 1 1 Net periodic benefit cost $6 $8 $12 $16 Other Postretirement Benefits Three Months Ended June 30 Six Months Ended June 30 ($ in millions) 2026 2025 2026 2025 Service cost $ $ $1 $1 Interest cost 5 6 10 11 Amortization of actuarial gains (1) (1) Amortization of prior service credit (1) (1) (2) Net periodic benefit cost $4 $5 $9 $10 PPG expects 2026 full year net periodic pension expense of approximately $20 million and net periodic other postretirement expense of approximately $20 million. Contributions to Defined Benefit Pension Plans Three Months Ended June 30 Six Months Ended June 30 ($ in millio …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Business Restructuring The Company records restructuring liabilities that represent charges incurred in connection with consolidations of certain operations, including both operations from acquisitions and headcount reduction programs. These charges consist primarily of severance costs and certain other cash costs. As a result of these programs, the Company also incurs incremental non-cash accelerated depreciation expense for certain assets due to their reduced expected useful life. These charges are not allocated to the Companys reportable business segments. Refer to Note 15, ""Reportable Business Segment Information"" for additional information. The following table summarizes restructuring reserve activity for the six months ended June 30, 2026 and 2025: Total Reserve ($ in millions) 2026 2025 January 1 $226 $276 Approved restructuring actions 19 32 Release of prior reserves and other adjustments (a) (18) (24) Cash payments (28) (45) Foreign currency impact (7) 28 June 30 $192 $267 (a) Certain releases were recorded to reflect the current estimate of costs to complete planned business restructuring actions. The majority of the approved business restructuring actions and associated cash outlays are expected to be completed in 2026 and 2027."

RestructuringAndRelatedActivitiesDisclosureTextBlock

"Revenue Recognition The Company recognizes revenue when control of the promised goods or services is transferred to the customer and in amounts that the Company expects to collect. The timing of revenue recognition takes into consideration the various shipping terms applicable to the Companys sales. For most transactions, control passes in accordance with agreed upon delivery terms. The Company delivers products to company-owned stores, home centers and other regional or national consumer retail outlets, paint dealers, concessionaires and independent distributors, company-owned distribution networks, and directly to manufacturing companies and retail customers. Each product delivered to a third-party customer is considered to satisfy a performance obligation. Performance obligations generally occur at a point in time and are satisfied when control of the goods passes to the customer. The Company is entitled to collection of the sales price under normal credit terms in the regions in which it operates. Accounts receivable are recognized when there is an unconditional right to consideration. Payment terms vary from customer to customer, depending on creditworthiness, prior payment history and other considerations. The Company also provides services by applying coatings to customers' manufactured parts and assembled products and by providing technical support to certain customers. Performance obligations are satisfied over time as critical milestones are met and as services are …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"Reportable Business Segment Information PPG is a multinational manufacturer with nine operating segments (which the Company refers to as strategic business units) that are organized based on the Companys major products lines. The operating segments are aggregated into reportable business segments based on their similar economic characteristics, including similar nature of products, production processes, end-use markets and methods of distribution. In the first quarter 2026, the PPG operating structure was modified, resulting in the combining of the previously separate specialty products operating segment into the industrial coatings operating segment. This modification had no impact on the Company's reportable segments. The Global Architectural Coatings reportable business segment is comprised of the architectural coatings EMEA and architectural coatings Latin America and Asia Pacific operating segments. This reportable business segment primarily supplies paints, wood stains, adhesives, sealants and purchased sundries. The Performance Coatings reportable business segment is comprised of the automotive refinish coatings, aerospace, protective and marine coatings and traffic solutions operating segments. This reportable business segment primarily supplies a variety of coatings, solvents, adhesives, sealants, foams and finishes, along with pavement marking products, transparencies and paint films. The Industrial Coatings reportable business segment is comprised of the automotiv …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing