SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) July 31, 1995
PPG INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 1-1687 25-0730780
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
One PPG Place, Pittsburgh, Pennsylvania 15272
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 434-3131
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 7. Financial Statements and Exhibits
The following exhibits are filed hereby so as to
become, by way of incorporation by reference,
exhibits to Registration Statement No. 33-04983
on Form S-3:
(12) Computation of Ratio of Earnings to Fixed
Charges
(23) Consent of Guy A. Zoghby, Senior Vice
President and General Counsel of the
Registrant
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
PPG INDUSTRIES, INC.
(Registrant)
/s/ W. H. Hernandez
W. H. Hernandez
Senior Vice President, Finance
Date: August 9, 1995
<PAGE>
INDEX TO EXHIBITS
Exhibit Sequential Page Reference
12 - Computation of Ratio of Earnings to
Fixed Charges 4
23 - Consent of Guy A. Zoghby, Senior Vice
President and General Counsel of the
Registrant 5
<PAGE>
Exhibit 12
<TABLE>
PPG Industries, Inc. and Consolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Dollars In Millions
<CAPTION>
Year Ended December 31 Six Months
Ended
1990 1991 1992 1993 1994 June 30, 1995
<S> <C> <C> <C> <C> <C> <C>
Earnings:
Earnings before income taxes $766.9 $348.1 $537.8 $531.2 $839.8 $708.0
Plus:
Fixed charges exclusive of
capitalized interest 169.7 177.4 167.2 127.6 108.2 53.6
Amortization of capitalized interest 8.8 9.8 10.8 11.1 11.6 5.8
Adjustments for equity affiliates (0.4) 0.9 (1.6) (0.7) (2.4) (1.5)
Total $945.0 $536.2 $714.2 $669.2 $957.2 $765.9
Fixed Charges:
Interest expense including amortization
of debt discount/premium $150.6 $157.9 $147.4 $107.5 $88.2 $43.6
Rentals - portion representative of
interest 19.1 19.5 19.8 20.1 20.0 10.0
Fixed charges exclusive of
capitalized interest 169.7 177.4 167.2 127.6 108.2 53.6
Capitalized interest 17.2 15.3 7.4 6.0 5.3 4.2
Total $186.9 $192.7 $174.6 $133.6 $113.5 $57.8
Ratio of earnings to fixed charges 5.06 2.78 4.09 5.01 8.43 13.25
</TABLE>
<PAGE>
Exhibit 23
PPG Industries, Inc.
One PPG Place, Pittsburgh, Pennsylvania 15272 USA
July 31, 1995
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Ladies and Gentlemen:
I hereby consent to my being named on page S-5 of the Prospectus
Supplement, dated July 31, 1995, which is part of Registration Statement
No. 33-04983, as counsel passing on the validity of the Notes referred to
in the Prospectus Supplement.
Very truly yours,
Guy A. Zoghby
Senior Vice President and
General Counsel
GAZ:d
