Recent Accounting Guidance	12 Months Ended
Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Guidance	RECENT ACCOUNTING GUIDANCE Accounting Guidance Issued But Not Yet Adopted In March 2017, the FASB issued Accounting Standard Update ("ASU") 2017-07, "Compensation—Retirement Benefits", which requires that an employer report the service cost component of net periodic pension costs in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. It also requires the other components of net periodic pension cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. The standard is effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted. The impacts to the accompanying consolidated statement of operations for the years ended December 31, 2017 and 2016, as will be presented in our Annual Report on Form 10-K for the year ended December 31, 2018, will result in reclassifications from cost of goods sold and selling, general and administrative expense to other expense, net. These reclassifications will not have a material impact to the individual line items on the consolidated statement of operations for the impacted periods. In January 2017, the FASB issued ASU 2017-04, "Simplifying the Test for Goodwill Impairment", which eliminates the second step in the goodwill impairment test requiring an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity should recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill allocated to the reporting unit. The standard is effective for annual and interim goodwill impairment tests conducted in fiscal years beginning after December 15, 2019, with early adoption permitted. This standard is not expected to have a material impact on our financial statements unless an impairment indicator is identified in our reporting units. In January 2017, the FASB issued ASU 2017-01, "Clarifying the Definition of a Business", which sets forth the accounting guidance that assists in the determination of whether a set of transferred assets and activities is a business. This new guidance requires an entity to first evaluate whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this threshold is met, the set of transferred assets and activities is not a business; whereas, if the threshold is not met, the entity evaluates whether the set meets the requirement that a business include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. The standard also narrows the definition of outputs by more closely aligning it with how outputs are described in the new revenue guidance. The standard is effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods, with early adoption permitted. This standard is expected to have a prospective impact on our assessment of future acquisitions to determine whether the acquired entity requires accounting as an acquired asset (or group of similar identifiable assets) or as a business combination. In February 2016, the FASB issued ASU 2016-02, "Leases", which requires lessees to recognize the assets and liabilities arising from all leases (both finance and operating) on the balance sheet. In addition to this main provision, this standard included a number of additional changes to lease accounting. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted prior to this date. We are in the process of assessing the impact the adoption of this standard will have on our balance sheets, statements of operations and statements of cash flows. Total assets and total liabilities will increase in the period of adoption. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)", which sets forth the accounting guidance applicable for revenue recognition. Subsequent updates applicable to the revenue recognition standard, including ASU 2016-10, "Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing", provide narrow scope improvements and clarifications. This standard was initially intended to be effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contracts with Customers: Deferral of the Effective Date", which delayed the previous effective date of the new revenue accounting standard to fiscal years beginning after December 15, 2017, and the interim periods within those fiscal years. Companies were allowed to early adopt the guidance as of the original effective date. Early adoption is not permitted prior to the original effective date. We have elected to implement the standard using the modified retrospective method whereby, for contracts which we conclude our performance obligation has been met under the terms of this standard as of the date of initial application, January 1, 2018, we will record a one-time catch up of the net earnings impact to retained earnings on our consolidated balance sheet and consolidated statement of changes in shareholders’ equity of approximately $12 million. The impacts to be reflected at this date represent the net income attributable to certain arrangements primarily within our Transportation Coatings segment for which we determine our performance obligation has been satisfied at the point effective control over inventory has transferred to the customer upon delivery under this standard, as compared to consumption under current GAAP. The election to implement this standard using the modified retrospective method will also require our future disclosures to include the amount by which each financial statement line item is affected as compared with these line items reported under current GAAP to ensure comparability with historical financial statements. We have reviewed our sales contracts and practices as compared to the new guidance and have concluded on the population of affected contracts and implementation plan, as well as our assessment of procedural and policy requirements related to the provisions of this standard. Additionally, under the provisions of this standard, certain costs currently reported in selling, general and administrative costs will be reported within cost of goods sold on the consolidated statements of operations, as they represent costs incurred in satisfaction of performance obligations. Such items will not impact pre-tax operating results. We are currently evaluating the expanded disclosures necessary to be in compliance with this standard, including expanded disclosures regarding significant judgments and estimates involved in the determination of the transaction price, variable consideration and timing of satisfaction of performance obligations.

RECENT ACCOUNTING GUIDANCE

Accounting Guidance Issued But Not Yet Adopted

In March 2017, the FASB issued Accounting Standard Update ("ASU") 2017-07, "Compensation—Retirement Benefits", which requires that an employer report the service cost component of net periodic pension costs in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. It also requires the other components of net periodic pension cost to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. The standard is effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted. The impacts to the accompanying consolidated statement of operations for the years ended December 31, 2017 and 2016, as will be presented in our Annual Report on Form 10-K for the year ended December 31, 2018, will result in reclassifications from cost of goods sold and selling, general and administrative expense to other expense, net. These reclassifications will not have a material impact to the individual line items on the consolidated statement of operations for the impacted periods.

In January 2017, the FASB issued ASU 2017-04, "Simplifying the Test for Goodwill Impairment", which eliminates the second step in the goodwill impairment test requiring an entity to determine the implied fair value of the reporting unit’s goodwill. Instead, an entity should recognize an impairment loss if the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, with the impairment loss not to exceed the amount of goodwill allocated to the reporting unit. The standard is effective for annual and interim goodwill impairment tests conducted in fiscal years beginning after December 15, 2019, with early adoption permitted. This standard is not expected to have a material impact on our financial statements unless an impairment indicator is identified in our reporting units.

In January 2017, the FASB issued ASU 2017-01, "Clarifying the Definition of a Business", which sets forth the accounting guidance that assists in the determination of whether a set of transferred assets and activities is a business. This new guidance requires an entity to first evaluate whether substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets. If this threshold is met, the set of transferred assets and activities is not a business; whereas, if the threshold is not met, the entity evaluates whether the set meets the requirement that a business include, at a minimum, an input and a substantive process that together significantly contribute to the ability to create outputs. The standard also narrows the definition of outputs by more closely aligning it with how outputs are described in the new revenue guidance. The standard is effective for annual periods beginning after December 15, 2017, including interim periods within those annual periods, with early adoption permitted. This standard is expected to have a prospective impact on our assessment of future acquisitions to determine whether the acquired entity requires accounting as an acquired asset (or group of similar identifiable assets) or as a business combination.

In February 2016, the FASB issued ASU 2016-02, "Leases", which requires lessees to recognize the assets and liabilities arising from all leases (both finance and operating) on the balance sheet. In addition to this main provision, this standard included a number of additional changes to lease accounting. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted prior to this date. We are in the process of assessing the impact the adoption of this standard will have on our balance sheets, statements of operations and statements of cash flows. Total assets and total liabilities will increase in the period of adoption.

In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)", which sets forth the accounting guidance applicable for revenue recognition. Subsequent updates applicable to the revenue recognition standard, including ASU 2016-10, "Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing", provide narrow scope improvements and clarifications. This standard was initially intended to be effective for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. In August 2015, the FASB issued ASU 2015-14, "Revenue from Contracts with Customers: Deferral of the Effective Date", which delayed the previous effective date of the new revenue accounting standard to fiscal years beginning after December 15, 2017, and the interim periods within those fiscal years. Companies were allowed to early adopt the guidance as of the original effective date. Early adoption is not permitted prior to the original effective date. We have elected to implement the standard using the modified retrospective method whereby, for contracts which we conclude our performance obligation has been met under the terms of this standard as of the date of initial application, January 1, 2018, we will record a one-time catch up of the net earnings impact to retained earnings on our consolidated balance sheet and consolidated statement of changes in shareholders’ equity of approximately $12 million. The impacts to be reflected at this date represent the net income attributable to certain arrangements primarily within our Transportation Coatings segment for which we determine our performance obligation has been satisfied at the point effective control over inventory has transferred to the customer upon delivery under this standard, as compared to consumption under current GAAP. The election to implement this standard using the modified retrospective method will also require our future disclosures to include the amount by which each financial statement line item is affected as compared with these line items reported under current GAAP to ensure comparability with historical financial statements. We have reviewed our sales contracts and practices as compared to the new guidance and have concluded on the population of affected contracts and implementation plan, as well as our assessment of procedural and policy requirements related to the provisions of this standard. Additionally, under the provisions of this standard, certain costs currently reported in selling, general and administrative costs will be reported within cost of goods sold on the consolidated statements of operations, as they represent costs incurred in satisfaction of performance obligations. Such items will not impact pre-tax operating results. We are currently evaluating the expanded disclosures necessary to be in compliance with this standard, including expanded disclosures regarding significant judgments and estimates involved in the determination of the transaction price, variable consideration and timing of satisfaction of performance obligations.