Reportable Segment Information (Tables)

9 Months Ended

Sep. 30, 2017



(Thousands of dollars)	Three Months Ended September 30, 2017
	The Americas Group		Consumer Brands Group		Performance Coatings Group		Administrative			Consolidated Totals
Net external sales	$	2,539,256	$	723,341	$	1,242,336	$	2,087		$	4,507,020
Intersegment transfers	1,184		860,181		4,709		(866,074		)
Total net sales and intersegment transfers	$	2,540,440	$	1,583,522	$	1,247,045	$	(863,987	)	$	4,507,020

Segment profit	$	525,577	$	70,427	$	59,615				$	655,619
Interest expense							$	(91,593	)	(91,593		)
Administrative expenses and other							(136,304		)	(136,304		)
Income from continuing operations before income taxes *	$	525,577	$	70,427	$	59,615	$	(227,897	)	$	427,722

* Income from continuing operations before income taxes for the Consumer Brands Group and Performance Coatings Group includes inventory step-up amortization of $35.0 million and $43.5 million, respectively, and intangibles amortization of $19.5 million and $58.4 million, respectively, based on the preliminary purchase accounting. Income from continuing operations before income taxes for the Administrative segment includes $28.0 million of acquisition-related expenses included in SG&A.



	Three Months Ended September 30, 2016
	The Americas Group		Consumer Brands Group		Performance Coatings Group		Administrative			Consolidated Totals
Net external sales	$	2,384,528	$	398,222	$	495,422	$	1,290		$	3,279,462
Intersegment transfers	10,348		760,594		2,954		(773,896		)
Total net sales and intersegment transfers	$	2,394,876	$	1,158,816	$	498,376	$	(772,606	)	$	3,279,462

Segment profit	$	519,283	$	87,193	$	68,023				$	674,499
Interest expense							$	(44,100	)	(44,100		)
Administrative expenses and other							(94,779		)	(94,779		)
Income from continuing operations before income taxes	$	519,283	$	87,193	$	68,023	$	(138,879	)	$	535,620




	Nine Months Ended September 30, 2017
	The Americas Group		Consumer Brands Group		Performance Coatings Group		Administrative			Consolidated Totals
Net external sales	$	6,928,657	$	1,583,148	$	2,487,884	$	4,535		$	11,004,224
Intersegment transfers	5,544		2,420,356		15,740		(2,441,640		)
Total net sales and intersegment transfers	$	6,934,201	$	4,003,504	$	2,503,624	$	(2,437,105	)	$	11,004,224

Segment profit	$	1,363,488	$	202,405	$	179,072				$	1,744,965
Interest expense							$	(174,017	)	(174,017		)
Administrative expenses and other							(327,618		)	(327,618		)
Income from continuing operations before income taxes **	$	1,363,488	$	202,405	$	179,072	$	(501,635	)	$	1,243,330

** Income from continuing operations before income taxes for the Consumer Brands Group and Performance Coatings Group includes inventory step-up amortization of $49.5 million and $65.3 million, respectively, and intangibles amortization of $25.3 million and $75.6 million, respectively, based on the preliminary purchase accounting. Income from continuing operations before income taxes for the Administrative segment includes $59.7 million of acquisition-related expenses included in SG&A.




	Nine Months Ended September 30, 2016
	The Americas Group		Consumer Brands Group		Performance Coatings Group		Administrative			Consolidated Totals
Net external sales	$	6,366,588	$	1,225,315	$	1,477,252	$	3,856		$	9,073,011
Intersegment transfers	29,001		2,138,180		10,935		(2,178,116		)
Total net sales and intersegment transfers	$	6,395,589	$	3,363,495	$	1,488,187	$	(2,174,260	)	$	9,073,011

Segment profit	$	1,271,236	$	250,223	$	191,073				$	1,712,532
Interest expense							$	(110,710	)	(110,710		)
Administrative expenses and other							(310,623		)	(310,623		)
Income from continuing operations before income taxes	$	1,271,236	$	250,223	$	191,073	$	(421,333	)	$	1,291,199