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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) May 21, 1996
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PPG INDUSTRIES, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Pennsylvania 1-1687 25-0730780
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(STATE OR OTHER (COMMISSION (I.R.S. EMPLOYER
JURISDICTION FILE NUMBER) IDENTIFICATION NO.)
OF INCORPORATION)
One PPG Place, Pittsburgh, Pennsylvania 15272
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (412) 434-3131
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Not Applicable
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT.)
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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The following exhibit is filed hereby so as to become, by way of incorporation
by reference, an exhibit to Registration No. 33-04983 on Form S-3 and
Registration No. 33-64081 on Form S-3:
(12) Computation of Ratio of Earnings to Fixed Charges
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SIGNATURE
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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.
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(Registrant)
/s/ W. H. Hernandez
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W. H. Hernandez
Senior Vice President, Finance
Date: May 21, 1996
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Exhibit 12
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PPG Industries, Inc. and Consolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Dollars In Millions)
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<CAPTION>
Year Ended December 31 Three Months
--------------------------------------- Ended
1991 1992 1993 1994 1995 Mar. 31, 1996
---- ---- ---- ---- ---- -------------
<S> <C> <C> <C> <C> <C> <C> <C>
Earnings:
Earnings before income taxes $348.1 $537.8 $531.2 $839.8 $1,247.3 $281.6
Plus:
Fixed charges exclusive of capitalized interest 177.4 167.2 127.6 108.2 112.9 29.4
Amortization of capitalized interest 9.8 10.8 11.1 11.6 11.8 3.0
Adjustments for equity affiliates 0.9 (1.6) (0.7) (2.4) (4.2) --
---------------------------------------------------
Total $536.2 $714.2 $669.2 $957.2 $1,367.8 $314.0
===================================================
Fixed Charges:
Interest expense including amortization of
debt discount/premium $157.9 $147.4 $107.5 $88.2 $90.6 $23.8
Rentals - portion representative of interest 19.5 19.8 20.1 20.0 22.3 5.6
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Fixed charges exclusive of capitalized interest 177.4 167.2 127.6 108.2 112.9 29.4
Capitalized interest 15.3 7.4 6.0 5.3 8.6 3.1
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Total $192.7 $174.6 $133.6 $113.5 $121.5 $32.5
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Ratio of earnings to fixed charges 2.78 4.09 5.01 8.43 11.26 9.66
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