PPG Industries (PPG) risk factors, FY2025 10-K

PPG Industries's FY2025 10-K, filed Feb 19, 2026, lists 18 risk factors in 3 groups. Against the prior year's 17: 2 new, 1 dropped, 2 substantially reworded.

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Risk factors listed
183 groups
New this year
2vs 17 last year
Dropped
1since the prior 10-K
Substantially reworded
2of those kept
Section length
4k wordsItem 1A

What the changes say

  • AI adoption adds technology, cybersecurity, privacy, intellectual-property, bias and regulatory risks across PPG’s products and operations.
  • Evolving import/export sanctions may increase compliance costs, delay product movements and complicate supply chains.
  • The automotive OEM ridesharing and sustainably-advantaged-products risk was removed; core regulatory disclosures changed little.

What changed since the prior 10-K

New

  • NewLegal, Regulatory, and Tax Risks

    Import/export sanctions and regulations also continue to evolve and could result in increased compliance costs, slower product movements or additional complexity in our supply chains

    Evolving import/export sanctions could increase compliance costs, slow product movements, complicate supply chains and expose PPG to improper-acts penalties.

  • NewOperational and Strategic Risks

    We are incorporating artificial intelligence technologies into our research, products, services and processes. These technologies may present business, operational, compliance and reputational risks

    PPG’s AI use could create competitive, regulatory, litigation, privacy, cybersecurity, intellectual-property, accuracy and bias risks.

Dropped

  • DroppedOperational and Strategic Risks

    2024 PPG ANNUAL REPORT AND FORM 10-K 13 business models or new methods of travel, such as ridesharing, the number of automotive OEM new-builds may decline, potentially reducing demand for our automotive OEM coatings and related automotive parts

Reworded

  • 71% rewrittenOperational and Strategic Risks

    Our ability to understand our customers’ specific preferences and requirements, and to innovate, develop, produce and market products that meet customer demand is critical to our business results

    Adds product delivery to customer requirements while retaining electric-vehicle and collision-avoidance risks that could reduce automotive refinish-coating demand.

  • 48% rewrittenLegal, Regulatory, and Tax Risks

    We are subject to a variety of laws and regulations, which could increase our compliance costs and could adversely affect our results of operations

    No substantive change; it retains the same legal categories and evolving chemical-product composition, use and transport regulations.

All 18 risk factors

Headings as the filing states them, in filing order.

Economic Risks

  1. 01Increases in prices and declines in the availability of raw materials could negatively impact our financial results
  2. 02The pace of economic growth and level of economic and geopolitical uncertainty could have a negative impact on our results of operations and cash flows
  3. 03Fluctuations in foreign currency exchange rates could affect our financial results
  4. 04The industries in which we operate are highly competitive
  5. 05Public health crises, including pandemics and the measures taken by public health and government authorities to address them, have adversely impacted our financial condition and results of operations in the past, and could adversely impact us in the future

Legal, Regulatory, and Tax Risks

  1. 06We are subject to existing and evolving standards relating to the protection of the environment
  2. 07We are involved in a number of lawsuits and claims, and we may be involved in future lawsuits and claims, in which substantial monetary damages are sought
  3. 08We are subject to a variety of laws and regulations, which could increase our compliance costs and could adversely affect our results of operations48% rewritten
  4. 09Import/export sanctions and regulations also continue to evolve and could result in increased compliance costs, slower product movements or additional complexity in our supply chainsNew
  5. 10Changes in the tax regimes and related government policies and regulations in the countries in which we operate could adversely affect our results and our effective tax rate

Operational and Strategic Risks

  1. 11Our international operations expose us to additional risks and uncertainties that could affect our financial results
  2. 12Business disruptions could have a negative impact on our results of operations and financial condition
  3. 13The security of our information technology systems could be compromised which could adversely affect our operations or reputation
  4. 14We are incorporating artificial intelligence technologies into our research, products, services and processes. These technologies may present business, operational, compliance and reputational risksNew
  5. 15We may not effectively integrate acquired businesses into our existing operations
  6. 16Our ability to understand our customers’ specific preferences and requirements, and to innovate, develop, produce and market products that meet customer demand is critical to our business results71% rewritten
  7. 17Our business success depends on attracting, developing and retaining a qualified workforce
  8. 18PPG’s aerospace coatings business depends, in part, on our ability to successfully meet customer demand, production targets and commitments

Other PPG Industries 10-Ks

  • FY2024 10-K risk factors
    18 risks

    Raw-material costs and availability, especially petroleum-derived inputs and titanium dioxide, are central to production economics.

    Filed Feb 20, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.