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		AdministrativeConsolidated
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 transfers3,049.9 2,186.1 1,718.7 (1,287.8)5,666.9 
Cost of goods sold1,332.2 1,735.8 1,107.2 (1,288.8)2,886.4 
Selling, general and administrative expenses1,157.0 259.3 384.0 169.3 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 sales18.3%21.7%13.6%nm12.0%
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		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 good 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 
Percent 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 (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		AdministrativeConsolidated
Totals
March 31, 2026$6,551.2 $8,321.8 $7,877.9 $3,627.8 $26,378.7 
December 31, 20256,378.6 8,025.5 7,859.5 3,638.1 25,901.7 
March 31, 20256,143.8 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.