PPG Industries Files 2024 10-K: Debt and Assets Detailed
Ticker: PPG · Form: 10-K · Filed: 2025-02-20T00:00:00.000Z
Sentiment: neutral
Topics: debt, financials, annual-report
TL;DR
PPG 2024 10-K out: $2.4B current debt, $2.7B long-term debt. Total assets $10.1B.
AI Summary
PPG Industries Inc. filed its 2024 10-K on February 20, 2025, reporting on its fiscal year ending December 31, 2024. The company, a major player in paints, varnishes, and allied products, operates under SIC code 2851. Key financial data includes $2.4 billion in current debt and $2.7 billion in long-term debt, with total assets valued at $10.1 billion.
Why It Matters
This filing provides investors and analysts with a comprehensive overview of PPG Industries' financial health and operational performance for the fiscal year 2024, including significant debt obligations and asset base.
Risk Assessment
Risk Level: medium — The company reports substantial debt levels, which can increase financial risk, especially in a rising interest rate environment.
Key Numbers
- $2.4B — Debt Current (Represents short-term borrowing obligations as of fiscal year-end 2024.)
- $2.7B — Long-Term Debt (Represents PPG's non-current debt obligations as of fiscal year-end 2024.)
- $10.1B — Property, Plant and Equipment, Net (Indicates the net book value of PPG's fixed assets as of fiscal year-end 2024.)
Key Players & Entities
- PPG INDUSTRIES INC (company) — Filer of the 10-K
- 20241231 (date) — Fiscal year end
- 20250220 (date) — Filing date
- 2851 (other) — Standard Industrial Classification for Paints, Varnishes, Lacquers, Enamels & Allied Products
- PITTSBURGH (location) — Company headquarters city
- PA (location) — Company headquarters state
- $2.4B (dollar_amount) — Current Debt
- $2.7B (dollar_amount) — Long-term Debt
- $10.1B (dollar_amount) — Total Assets
FAQ
What was PPG Industries' total revenue for the fiscal year 2024?
The provided snippet does not contain information on total revenue for fiscal year 2024.
What is the company's net income or loss from discontinued operations for 2024?
The filing references 'IncomeLossFromDiscontinuedOperationsNetOfTax' but does not provide the specific dollar amount in this snippet.
How much cash and cash equivalents did PPG Industries have at the end of 2024?
The provided snippet does not explicitly list cash and cash equivalents.
What were PPG's total current liabilities as of December 31, 2024?
The filing indicates 'AccountsPayableAndAccruedLiabilitiesCurrent' and 'OtherLiabilitiesNoncu' but does not provide a consolidated figure for total current liabilities in this snippet.
What is the company's primary industry classification?
PPG Industries Inc. is classified under Standard Industrial Classification 2851, which covers Paints, Varnishes, Lacquers, Enamels & Allied Products.
From the Filing
0000079879-25-000034.txt : 20250220 0000079879-25-000034.hdr.sgml : 20250220 20250220144048 ACCESSION NUMBER: 0000079879-25-000034 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 165 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250220 DATE AS OF CHANGE: 20250220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPG INDUSTRIES INC CENTRAL INDEX KEY: 0000079879 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 250730780 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01687 FILM NUMBER: 25644765 BUSINESS ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 BUSINESS PHONE: 4124343131 MAIL ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 FORMER COMPANY: FORMER CONFORMED NAME: PITTSBURGH PLATE GLASS CO DATE OF NAME CHANGE: 19681219 10-K 1 ppg-20241231.htm 10-K ppg-20241231 false 2024 FY 0000079879 http://fasb.org/us-gaap/2024#IncomeLossFromDiscontinuedOperationsNetOfTax 1 30 20 40 5 25 3 20 http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2024#DebtCurrent http://fasb.org/us-gaap/2024#DebtCurrent http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent http://fasb.org/us-gaap/2024#LongTermDebtNoncurrent 2.4 2.7 101 0 0 http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#OtherAssetsCurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent 15 15 45 45 30 30 65 65 — — 10 10 20 20 40 40 http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense 1.667 P3Y P3Y http://fasb.org/us-gaap/2024#AccountsPayableAndAccruedLiabilitiesCurrent iso4217:USD xbrli:shares iso4217:USD xbrli:shares ppg:segement xbrli:pure ppg:jurisdiction iso4217:EUR ppg:subsidiary 0000079879 2024-01-01 2024-12-31 0000079879 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0000079879 ppg:A0.875NotesDue2025Member 2024-01-01 2024-12-31 0000079879 ppg:A1875NotesDue2025Member 2024-01-01 2024-12-31 0000079879 ppg:A1.400NotesDue2027Member 2024-01-01 2024-12-31 0000079879 ppg:A2750NotesDue2029Member 2024-01-01 2024-12-31 0000079879 2024-06-30 0000079879 2025-01-31 0000079879 us-gaap:OperatingSegmentsMember ppg:GlobalArchitecturalCoatingsMember 2024-01-01 2024-12-31 0000079879 us-gaap:OperatingSegmentsMember ppg:GlobalArchitecturalCoatingsMember 2023-01-01 2023-12-31 0000079879 us-gaap:OperatingSegmentsMember ppg:GlobalArchitecturalCoatingsMember 2022-01-01 2022-12-31 0000079879 2023-01-01 2023-12-31 0000079879 2022-01-01 2022-12-31 0000079879 2024-12-31 0000079879 2023-12-31 0000079879 us-gaap:CommonStockMember 2021-12-31 0000079879 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0000079879 us-gaap:RetainedEarningsMember 2021-12-31 0000079879 us-gaap:TreasuryStockCommonMember 2021-12-31 0000079879 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0000079879 us-gaap:ParentMember 2021-12-31 0000079879 us-gaap:NoncontrollingInterestMember 2021-12-31 0000079879 2021-12-31 0000079879 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0000079879 us-gaap:ParentMember 2022-01-01 2022-12-31 0000079879 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0000079879 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0000079879 us-gaap:TreasuryStockCommonMember 2022-0