XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.26.1

REPORTABLE SEGMENT INFORMATION | 3 Months Ended
--- | ---
Mar. 31, 2026
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). In the reportable segment financial information, segment profit represents each segment’s Income before income taxes.
| Three Months Ended March 31, 2026
| Paint Stores Group |  | Consumer Brands Group |  | Performance Coatings Group |  | Administrative |  | Consolidated Totals
Net sales | $ | 3,049.9 |  |  | $ | 908.3 |  |  | $ | 1,705.8 |  |  | $ | 2.9 |  |  | $ | 5,666.9 |
Intersegment transfers | — |  |  | 1,277.8 |  |  | 12.9 |  |  | (1,290.7) |  |  | — |
Total net sales and intersegment transfers | 3,049.9 |  |  | 2,186.1 |  |  | 1,718.7 |  |  | (1,287.8) |  |  | 5,666.9 |
Cost of goods sold | 1,332.2 |  |  | 1,735.8 |  |  | 1,107.2 |  |  | (1,288.8) |  |  | 2,886.4 |
Selling, general and administrative expenses | 1,157.0 |  |  | 259.3 |  |  | 384.0 |  |  | 169.3 |  |  | 1,969.6 |
Interest expense | — |  |  | — |  |  | — |  |  | 131.6 |  |  | 131.6 |
Other segment items (1) | 1.9 |  |  | (6.2) |  |  | (4.9) |  |  | 8.7 |  |  | (0.5) |
Income before income taxes | $ | 558.8 |  |  | $ | 197.2 |  |  | $ | 232.4 |  |  | $ | (308.6) |  |  | $ | 679.8 |
Percent to Net sales | 18.3% |  | 21.7% |  | 13.6% |  | nm |  | 12.0%
Supplemental Information: |  |  |  |  |  |  |  |  |
Capital expenditures | $ | 18.6 |  |  | $ | 51.7 |  |  | $ | 3.8 |  |  | $ | 64.2 |  |  | $ | 138.3 |
Depreciation (2) | 23.7 |  |  | 52.9 |  |  | 5.0 |  |  | 16.7 |  |  | 98.3 |
Amortization (3) | 2.1 |  |  | 20.7 |  |  | 65.4 |  |  | 0.3 |  |  | 88.5 |
nm - not meaningful |  |  |  |  |  |  |  |  |
(1) Other segment items includes Other general expense - net, Interest income and Other (income) expense - net. See Note 15 for further information. (2) Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses. (3) Amortization is recorded within Selling, general and administrative expenses.
| Three Months Ended March 31, 2025
| Paint Stores Group |  | Consumer Brands Group |  | Performance Coatings Group |  | Administrative |  | Consolidated 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 transfers | 2,939.8 |  |  | 1,983.2 |  |  | 1,607.3 |  |  | (1,224.6) |  |  | 5,305.7 |
Cost of good sold | 1,307.9 |  |  | 1,632.7 |  |  | 1,036.0 |  |  | (1,230.0) |  |  | 2,746.6 |
Selling, general and administrative expenses | 1,093.0 |  |  | 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 |
Percent to Net sales | 18.4% |  | 17.3% |  | 13.3% |  | nm |  | 12.3%
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 (income) expense - net. See Note 15 for further information. (2) Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses. (3) Amortization is recorded within Selling, general and administrative expenses.
Net sales of all consolidated foreign subsidiaries were $1.279 billion and $1.045 billion for the three months ended March 31, 2026 and 2025, respectively. Long-lived assets of these subsidiaries totaled $4.782 billion and $3.583 billion at March 31, 2026 and 2025, 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 percent of consolidated Net sales in 2026 and 2025. The following table presents identifiable assets for each of the Company’s Reportable Segments:
| Paint Stores Group |  | Consumer Brands Group |  | Performance Coatings Group |  | Administrative |  | Consolidated Totals
March 31, 2026 | $ | 6,551.2 |  |  | $ | 8,321.8 |  |  | $ | 7,877.9 |  |  | $ | 3,627.8 |  |  | $ | 26,378.7 |
December 31, 2025 | 6,378.6 |  |  | 8,025.5 |  |  | 7,859.5 |  |  | 3,638.1 |  |  | 25,901.7 |
March 31, 2025 | 6,143.8 |  |  | 7,156.8 |  |  | 8,071.1 |  |  | 3,264.4 |  |  | 24,636.1 |
For further information 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, 2025.

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration