What is the magnitude and scope of PPG's announced price increase, and how does leadership describe its implementation?

PPG announced a global 20% price increase on its products. Chairman and CEO Tim Knavish clarified that the actual realization of this increase will be spread out over time and depends on various factors.

How does PPG expect the price increase to affect its cost pressures and timing of price-cost recovery compared to past inflation cycles?

PPG anticipates the price increase will offset a mid-single-digit increase in cost of goods sold for the year and expects to achieve price-cost realization much faster than in previous inflation cycles.

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