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Segments (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The following table presents relevant information of our reportable segments.
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Net sales (1):
Refinish$520.7 $491.1 $1,018.3 $952.5 
Industrial335.3 364.7 684.8 717.7 
Total Net sales Performance Coatings856.0 855.8 1,703.1 1,670.2 
Light Vehicle330.2 282.9 658.7 558.5 
Commercial Vehicle107.7 96.2 216.0 180.3 
Total Net sales Mobility Coatings437.9 379.1 874.7 738.8 
Total Net sales$1,293.9 $1,234.9 $2,577.8 $2,409.0 
Depreciation and amortization expense (2):
Performance Coatings$50.4 $57.7 $103.0 $115.7 
Mobility Coatings15.8 19.6 32.7 39.3 
Total Depreciation and amortization expense$66.2 $77.3 $135.7 $155.0 
(1)The Company has no intercompany sales between segments.
(2)Depreciation and amortization expenses relating to assets used within the operations of a specifically identifiable segment are recorded to the appropriate segment, while depreciation and amortization expenses relating to assets shared in our integrated supply chain are allocated to the appropriate segments on a consistent basis reflecting their use.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
The following table reconciles our segment operating performance to income before income taxes for the periods presented:
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Segment Adjusted EBIT (1):
Performance Coatings$117.8 $125.2 $227.1 $219.8 
Mobility Coatings23.7 2.3 47.2 2.8 
Total (2)
141.5 127.5 274.3 222.6 
Interest expense, net54.6 33.5 102.8 66.1 
Debt extinguishment and refinancing-related costs (benefits) (a)
1.2 (0.2)3.0 (0.2)
Termination benefits and other employee-related costs (b)
2.3 2.7 2.1 5.1 
Acquisition and divestiture-related (benefits) costs (c)
(0.1)2.2 0.4 2.6 
Impairment charges (benefits) (d)
8.3 (0.6)15.4 (0.3)
Accelerated depreciation and site closure costs (e)
0.8 1.8 1.9 3.1 
Russia sanction-related impacts (f)
0.1 0.3 (1.3)6.1 
Commercial agreement restructuring impacts (g)
— 25.0 — 25.0 
Other adjustments (h)
(0.2)(0.1)(0.3)0.3 
Income before income taxes$74.5 $62.9 $150.3 $114.8 
(1)The primary measure of segment operating performance is Adjusted EBIT, which is defined as net income before interest, taxes and select other items impacting operating results. These other items impacting operating results are items that management has concluded are (1) certain non-cash items included within net income, (2) certain items the Company does not believe are indicative of ongoing operating performance or (3) certain non-recurring, unusual or infrequent items that have not occurred within the last two years or we believe are not reasonably likely to recur within the next two years. Adjusted EBIT is a key metric that is used by management to evaluate business performance in comparison to budgets, forecasts and prior year financial results, providing a measure that management believes reflects the Company's core operating performance, which represents Adjusted EBIT adjusted for the select items referred to above.
(2)
Does not represent Adjusted EBIT referenced elsewhere by the Company as there are additional adjustments that are not allocated to the segments.
(a)Represents expenses and associated changes to estimates related to the prepayment, restructuring, and refinancing of our indebtedness, which are not considered indicative of our ongoing operating performance.
(b)Represents expenses and associated changes to estimates related to employee termination benefits associated with restructuring programs and other employee-related costs. These amounts are not considered indicative of our ongoing operating performance.
(c)
Represents acquisition and divestiture-related benefits, expenses and integration activities associated with our business combinations, all of which are not considered indicative of our ongoing operating performance. The amounts for the six months ended June 30, 2023 include $0.8 million of due diligence and other related costs associated with unconsummated merger and acquisition transactions.
(d)
Represents impairment charges and benefits, which are not considered indicative of our ongoing operating performance. The losses recorded during the three and six months ended June 30, 2023 were $8.3 million and $15.4 million, respectively, due to the decision to demolish assets at a previously closed manufacturing site during the three months ended June 30, 2023 and the then anticipated exit of a non-core business category in the Mobility Coatings segment during the three months ended March 31, 2023. The amounts recorded during the three and six months ended June 30, 2022 relate primarily to insurance recoveries on assets impaired in a prior year.
(e)Represents incremental depreciation expense resulting from truncated useful lives of the assets impacted by our manufacturing footprint assessments and costs related to the closure of certain manufacturing sites, which we do not consider indicative of our ongoing operating performance.
(f)
Represents expenses and associated changes to estimates related to sanctions imposed on Russia in response to the conflict with Ukraine for incremental reserves on accounts receivable and inventory, which we do not consider indicative of our ongoing operating performance.
(g)
Represents a charge related to a customer concession discussed further in Note 2. This amount is not considered to be indicative of our ongoing operating performance.
(h)Represents costs for certain non-operational or non-cash (gains) losses, unrelated to our core business and which we do not consider indicative of our ongoing operating performance.