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REPORTABLE SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION REPORTABLE SEGMENT INFORMATION
The Company reports its segment information in the same way that management internally organizes its business for assessing performance and making decisions regarding the allocation of resources in accordance with the Segment Reporting Topic of the ASC. The Company determined it has three reportable segments: Paint Stores Group, Consumer Brands Group and Performance Coatings Group (individually, a Reportable Segment and collectively, the Reportable Segments). Refer to Note 22 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 for further details on the Company’s Reportable Segments.
Three Months Ended March 31, 2025
 Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
Net sales$2,939.8 $762.2 $1,602.0 $1.7 $5,305.7 
Intersegment transfers— 1,221.0 5.3 (1,226.3)— 
Total net sales and intersegment transfers2,939.8 1,983.2 1,607.3 (1,224.6)5,305.7 
Cost of goods sold1,307.9 1,632.7 1,036.0 (1,230.0)2,746.6 
Selling, general and administrative expenses1,093.0 217.7 351.5 131.6 1,793.8 
Interest expense— — — 103.8 103.8 
Other segment items (1)
(2.3)0.9 7.1 2.8 8.5 
Income before income taxes$541.2 $131.9 $212.7 $(232.8)$653.0 
% to Net sales18.4 %17.3 %13.3 %nm12.3 %
Supplemental Information:
Capital expenditures$26.7 $56.9 $12.4 $93.3 $189.3 
Depreciation (2)
22.1 45.9 4.8 7.1 79.9 
Amortization (3)
0.4 16.8 63.5 0.3 81.0 
nm - not meaningful
(1) Other segment items includes Other general expense - net, Interest income and Other expense (income) - net. See Note 15.
(2) Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses.
(3) Amortization is recorded with Selling, general and administrative expenses.
Three Months Ended March 31, 2024
 Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
Net sales$2,873.0 $811.0 $1,681.9 $1.4 $5,367.3 
Intersegment transfers— 1,211.8 37.1 (1,248.9)— 
Total net sales and intersegment transfers2,873.0 2,022.8 1,719.0 (1,247.5)5,367.3 
Cost of good sold1,320.9 1,639.6 1,121.5 (1,245.7)2,836.3 
Selling, general and administrative expenses1,065.8 223.1 358.3 152.6 1,799.8 
Interest expense— — — 103.0 103.0 
Other segment items (1)
(6.9)6.7 1.5 (13.1)(11.8)
Income before income taxes $493.2 $153.4 $237.7 $(244.3)$640.0 
% to Net Sales17.2 %18.9 %14.1 %nm11.9 %
Supplemental Information:
Capital expenditures$35.7 $80.7 $— $167.4 $283.8 
Depreciation (2)
21.4 37.2 5.7 6.8 71.1 
Amortization (3)
0.8 17.0 63.8 0.5 82.1 
nm - not meaningful
(1) Other segment items includes Other general expense - net, Interest income and Other expense (income) - net. See Note 15.
(2) Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses.
(3) Amortization is recorded with Selling, general and administrative expenses.
In the reportable segment financial information, Segment profit represents each reportable segment’s Income before income taxes. Domestic intersegment transfers are 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 are primarily accounted for at values comparable to normal unaffiliated customer sales. All intersegment transfers are eliminated within the Administrative function. Due to the nature of the Company’s integrated manufacturing operations and centralized administrative and information technology support, a substantial amount of allocations are made to determine segment financial information. Expenses that are specifically identifiable to a certain Reportable Segment are allocated accordingly. For expenses that are not specifically identifiable to a certain Reportable Segment, an appropriate allocation base is identified, and expenses are allocated based on each segment’s respective share of the allocation base. The significant expense categories and amounts align with the segment-level information that is regularly provided to the Chief Operating Decision Maker (CODM) and includes intersegment expenses within the amounts shown.
Net sales of all consolidated foreign subsidiaries were $1.045 billion and $1.103 billion for the three months ended March 31, 2025 and 2024, respectively. Long-lived assets of these subsidiaries totaled $3.583 billion and $3.524 billion at March 31, 2025 and 2024, respectively. Domestic operations accounted for the remaining Net sales and long-lived assets. No single geographic area outside the United States was significant relative to consolidated Net sales, Income before income taxes or consolidated long-lived assets. Export sales and sales to any individual customer were each less than 10% of consolidated Net sales in 2025 and 2024.
The following table presents identifiable assets for each of the Company’s Reportable Segments:
Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
March 31, 2025$6,143.8 $7,156.8 $8,071.1 $3,264.4 $24,636.1 
December 31, 20245,878.0 6,854.7 7,847.4 3,052.5 23,632.6 
March 31, 20245,936.5 6,850.6 8,217.3 2,423.7 23,428.1 
For further details on the Company’s Reportable Segments, see Note 22 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.