XML 74 R54.htm IDEA: XBRL DOCUMENT
v3.22.4

Reportable Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment Reporting [Abstract] |
Reportable Segment Financial Information | In the reportable segment financial information that follows, Segment profit was total net sales and intersegment transfers less operating costs and expenses. Identifiable assets were those directly identified with each reportable segment. The Administrative segment assets consisted primarily of cash and cash equivalents, investments, deferred pension assets and headquarters property, plant and equipment. Domestic intersegment transfers were primarily accounted for at the approximate fully absorbed manufactured cost, based on normal capacity volumes, plus customary distribution costs for paint products. Non-paint domestic and all international intersegment transfers were accounted for at values comparable to normal unaffiliated customer sales. All intersegment transfers are eliminated within the Administrative segment.
| 2022
| The Americas Group |  | Consumer Brands Group |  | Performance Coatings Group |  | Administrative |  | Consolidated Totals
Net external sales | $ | 12,661.0 |  |  | $ | 2,690.7 |  |  | $ | 6,793.5 |  |  | $ | 3.7 |  |  | $ | 22,148.9 |
Intersegment transfers | — |  |  | 5,508.7 |  |  | 203.7 |  |  | (5,712.4) |  |  | — |
Total net sales and intersegment transfers | $ | 12,661.0 |  |  | $ | 8,199.4 |  |  | $ | 6,997.2 |  |  | $ | (5,708.7) |  |  | $ | 22,148.9 |
Segment profit | $ | 2,436.6 |  |  | $ | 225.7 |  |  | $ | 734.9 |  |  |  |  | $ | 3,397.2 |
Interest expense |  |  |  |  |  |  | $ | (390.8) |  |  | (390.8) |
Administrative expenses and other |  |  |  |  |  |  | (433.3) |  |  | (433.3) |
Income before income taxes | $ | 2,436.6 |  |  | $ | 225.7 |  |  | $ | 734.9 |  |  | $ | (824.1) |  |  | $ | 2,573.1 |
% to net external sales | 19.2 | % |  | 8.4 | % |  | 10.8 | % |  |  |  | 11.6 | %
Identifiable assets | $ | 6,018.2 |  |  | $ | 6,605.0 |  |  | $ | 8,296.8 |  |  | $ | 1,674.0 |  |  | $ | 22,594.0 |
Capital expenditures | 92.9 |  |  | 289.4 |  |  | 38.7 |  |  | 223.5 |  |  | 644.5 |
Depreciation | 76.1 |  |  | 124.0 |  |  | 29.1 |  |  | 34.8 |  |  | 264.0 |
Amortization | 3.5 |  |  | 79.6 |  |  | 232.0 |  |  | 2.0 |  |  | 317.1 |
| 2021
| The Americas Group |  | Consumer Brands Group |  | Performance Coatings Group |  | Administrative |  | Consolidated Totals
Net external sales | $ | 11,217.0 |  |  | $ | 2,721.6 |  |  | $ | 6,003.8 |  |  | $ | 2.2 |  |  | $ | 19,944.6 |
Intersegment transfers | — |  |  | 4,411.8 |  |  | 149.7 |  |  | (4,561.5) |  |  | — |
Total net sales and intersegment transfers | $ | 11,217.0 |  |  | $ | 7,133.4 |  |  | $ | 6,153.5 |  |  | $ | (4,559.3) |  |  | $ | 19,944.6 |
Segment profit | $ | 2,239.1 |  |  | $ | 358.4 |  |  | $ | 486.2 |  |  |  |  | $ | 3,083.7 |
Interest expense |  |  |  |  |  |  | $ | (334.7) |  |  | (334.7) |
Administrative expenses and other |  |  |  |  |  |  | (500.4) |  |  | (500.4) |
Income before income taxes | $ | 2,239.1 |  |  | $ | 358.4 |  |  | $ | 486.2 |  |  | $ | (835.1) |  |  | $ | 2,248.6 |
% to net external sales | 20.0 | % |  | 13.2 | % |  | 8.1 | % |  |  |  | 11.3 | %
Identifiable assets | $ | 5,627.9 |  |  | $ | 5,161.1 |  |  | $ | 8,388.6 |  |  | $ | 1,489.1 |  |  | $ | 20,666.7 |
Capital expenditures | 79.2 |  |  | 123.9 |  |  | 90.8 |  |  | 78.1 |  |  | 372.0 |
Depreciation | 73.4 |  |  | 86.7 |  |  | 66.2 |  |  | 36.8 |  |  | 263.1 |
Amortization | 3.7 |  |  | 83.7 |  |  | 218.9 |  |  | 3.2 |  |  | 309.5 |
| 2020
| The Americas Group |  | Consumer Brands Group |  | Performance Coatings Group |  | Administrative |  | Consolidated Totals
Net external sales | $ | 10,383.2 |  |  | $ | 3,053.4 |  |  | $ | 4,922.4 |  |  | $ | 2.7 |  |  | $ | 18,361.7 |
Intersegment transfers | — |  |  | 3,688.4 |  |  | 137.1 |  |  | (3,825.5) |  |  | — |
Total net sales and intersegment transfers | $ | 10,383.2 |  |  | $ | 6,741.8 |  |  | $ | 5,059.5 |  |  | $ | (3,822.8) |  |  | $ | 18,361.7 |
Segment profit | $ | 2,294.1 |  |  | $ | 579.6 |  |  | $ | 500.1 |  |  |  |  | $ | 3,373.8 |
Interest expense |  |  |  |  |  |  | $ | (340.4) |  |  | (340.4) |
Administrative expenses and other |  |  |  |  |  |  | (514.2) |  |  | (514.2) |
Income before income taxes | $ | 2,294.1 |  |  | $ | 579.6 |  |  | $ | 500.1 |  |  | $ | (854.6) |  |  | $ | 2,519.2 |
% to net external sales | 22.1 | % |  | 19.0 | % |  | 10.2 | % |  |  |  | 13.7 | %
Identifiable assets | $ | 5,386.6 |  |  | $ | 5,387.4 |  |  | $ | 8,071.1 |  |  | $ | 1,556.5 |  |  | $ | 20,401.6 |
Capital expenditures | 63.9 |  |  | 89.8 |  |  | 43.0 |  |  | 107.1 |  |  | 303.8 |
Depreciation | 73.0 |  |  | 87.6 |  |  | 69.1 |  |  | 38.3 |  |  | 268.0 |
Amortization | 4.5 |  |  | 90.0 |  |  | 213.9 |  |  | 5.0 |  |  | 313.4 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration