-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CR5FAN1T0e1yzglm1UItTrpJuSsyiWQ4RnLTu7ESkC/JHNgDxoOMyuGihLSucEF7 UQoaHgv2OqobSBx8PM03EA== 0000950123-10-039508.txt : 20100428 0000950123-10-039508.hdr.sgml : 20100428 20100428145100 ACCESSION NUMBER: 0000950123-10-039508 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20100331 FILED AS OF DATE: 20100428 DATE AS OF CHANGE: 20100428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHERWIN WILLIAMS CO CENTRAL INDEX KEY: 0000089800 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY [5200] IRS NUMBER: 340526850 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-04851 FILM NUMBER: 10776539 BUSINESS ADDRESS: STREET 1: 101 PROSPECT AVE NW CITY: CLEVELAND STATE: OH ZIP: 44115 BUSINESS PHONE: 2165662200 10-Q 1 l39490e10vq.htm FORM 10-Q e10vq
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 10-Q
(Mark One)
     
þ   Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
For the Period Ended March 31, 2010
or
     
o   Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
For the transition period from                      to                     
Commission file number 1-04851
THE SHERWIN-WILLIAMS COMPANY
 
(Exact name of registrant as specified in its charter)
     
OHIO   34-0526850
     
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)
     
101 West Prospect Avenue, Cleveland, Ohio   44115-1075
     
(Address of principal executive offices)   (Zip Code)
(216) 566-2000
 
(Registrant’s telephone number including area code)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes þ No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one:)
             
Large accelerated filer þ   Accelerated filer o   Non-accelerated filer o (Do not check if a smaller reporting company)   Smaller reporting company o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No þ
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practical date.
Common Stock, $1.00 Par Value — 109,735,117 shares as of March 31, 2010.
 
 

 


 

TABLE OF CONTENTS
         
       
    2  
    22  
    41  
    42  
 
       
       
    43  
    44  
    45  
    46  
 
       
    47  
    48  
EX-4(a)
       
EX-10(a)
       
EX-31(a)
       
EX-31(b)
       
EX-32(a)
       
EX-32(b)
       
EX-101 INSTANCE DOCUMENT
       
EX-101 SCHEMA DOCUMENT
       
EX-101 CALCULATION LINKBASE DOCUMENT
       
EX-101 LABELS LINKBASE DOCUMENT
       
EX-101 PRESENTATION LINKBASE DOCUMENT
       
 EX-31.A
 EX-31.B
 EX-32.A
 EX-32.B
 EX-101 INSTANCE DOCUMENT
 EX-101 SCHEMA DOCUMENT
 EX-101 CALCULATION LINKBASE DOCUMENT
 EX-101 LABELS LINKBASE DOCUMENT
 EX-101 PRESENTATION LINKBASE DOCUMENT

 


Table of Contents

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
THE SHERWIN-WILLIAMS COMPANY AND SUBSIDIARIES
STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED)

Thousands of dollars, except per share data
                 
    Three Months Ended  
    March 31,  
    2010     2009  
Net sales
  $ 1,565,482     $ 1,550,677  
Cost of goods sold
    873,514       870,071  
Gross profit
    691,968       680,606  
Percent to net sales
    44.2 %     43.9 %
Selling, general and administrative expenses
    612,875       608,848  
Percent to net sales
    39.1 %     39.3 %
Other general expense — net
    1,906       10,405  
Interest expense
    11,570       12,202  
Interest and net investment income
    (639 )     (636 )
Other expense (income) — net
    6,798       (1,106 )
 
           
 
               
Income before income taxes
    59,458       50,893  
Income taxes
    26,855       13,614  
 
           
 
               
Net income
  $ 32,603     $ 37,279  
 
           
 
               
Net income per common share:
               
Basic
  $ 0.30     $ 0.32  
 
               
Diluted
  $ 0.30     $ 0.32  
 
               
Average shares outstanding — basic
    107,959,598       115,946,629  
 
           
 
               
Average shares and equivalents outstanding — diluted
    110,247,174       118,029,772  
 
           
See notes to condensed consolidated financial statements.

2


Table of Contents

THE SHERWIN-WILLIAMS COMPANY AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Thousands of dollars
                         
    March 31,     December 31,     March 31,  
    2010     2009     2009  
Assets
                       
Current assets:
                       
Cash and cash equivalents
  $ 91,173     $ 69,329     $ 42,245  
Accounts receivable, less allowance
    797,816       696,055       785,640  
Inventories:
                       
Finished goods
    673,244       630,683       734,168  
Work in process and raw materials
    114,072       107,805       104,648  
 
                 
 
    787,316       738,488       838,816  
Deferred income taxes
    121,142       121,276       97,676  
Other current assets
    152,951       144,871       143,312  
 
                 
Total current assets
    1,950,398       1,770,019       1,907,689  
 
                       
Goodwill
    1,014,911       1,014,825       1,009,069  
Intangible assets
    273,377       279,413       299,629  
Deferred pension assets
    247,145       245,301       214,816  
Other assets
    215,593       195,612       132,684  
 
                       
Property, plant and equipment:
                       
Land
    84,408       85,166       85,383  
Buildings
    594,858       600,687       585,175  
Machinery and equipment
    1,514,084       1,512,218       1,521,639  
Construction in progress
    24,954       23,086       21,743  
 
                 
 
    2,218,304       2,221,157       2,213,940  
Less allowances for depreciation
    1,410,582       1,402,472       1,365,471  
 
                 
 
    807,722       818,685       848,469  
 
                 
Total Assets
  $ 4,509,146     $ 4,323,855     $ 4,412,356  
 
                 
 
                       
Liabilities and Shareholders’ Equity
                       
Current liabilities:
                       
Short-term borrowings
  $ 245,474     $ 22,674     $ 765,130  
Accounts payable
    705,309       674,766       629,965  
Compensation and taxes withheld
    140,900       176,538       127,151  
Accrued taxes
    62,408       76,499       51,436  
Current portion of long-term debt
    12,180       12,267       14,988  
Other accruals
    391,471       430,924       373,482  
 
                 
Total current liabilities
    1,557,742       1,393,668       1,962,152  
 
                       
Long-term debt
    783,082       782,670       297,754  
Postretirement benefits other than pensions
    284,228       283,784       249,384  
Other long-term liabilities
    388,948       372,783       321,107  
 
Shareholders’ equity:
                       
Common stock — $1.00 par value:
                       
109,735,117, 109,436,869 and 117,092,100 shares outstanding at March 31, 2010, December 31, 2009 and March 31, 2009, respectively
    229,453       228,647       227,793  
Preferred stock — convertible, no par value:
                       
216,753 shares outstanding at March 31, 2010, December 31, 2009 and March 31, 2009
    216,753       216,753       216,753  
Unearned ESOP compensation
    (216,753 )     (216,753 )     (216,753 )
Other capital
    1,101,594       1,068,963       1,026,439  
Retained earnings
    4,511,663       4,518,428       4,241,586  
Treasury stock, at cost
    (4,040,580 )     (4,007,633 )     (3,499,045 )
Cumulative other comprehensive loss
    (306,984 )     (317,455 )     (414,814 )
 
                 
Total shareholders’ equity
    1,495,146       1,490,950       1,581,959  
 
                 
 
                       
Total Liabilities and Shareholders’ Equity
  $ 4,509,146     $ 4,323,855     $ 4,412,356  
 
                 
See notes to condensed consolidated financial statements.

3


Table of Contents

THE SHERWIN-WILLIAMS COMPANY AND SUBSIDIARIES
CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED)

Thousands of dollars
                 
    March 31,     March 31,  
    2010     2009  
OPERATING ACTIVITIES
               
Net income
  $ 32,603     $ 37,279  
Adjustments to reconcile net income to net operating cash:
               
Depreciation
    33,103       35,883  
Amortization of intangible assets
    6,747       6,228  
Stock-based compensation expense
    10,512       2,352  
Provisions for qualified exit costs
    164       6,384  
Provisions for environmental-related matters
    1,937       6,201  
Defined benefit pension plans net cost
    4,314       9,004  
Net increase in postretirement liability
    600       700  
Other
    6,252       4,002  
Change in working capital accounts — net
    (206,444 )     (208,088 )
Costs incurred for environmental-related matters
    (12,000 )     (6,634 )
Costs incurred for qualified exit costs
    (4,461 )     (2,345 )
Other
    10,855       (3,234 )
 
           
 
               
Net operating cash
    (115,818 )     (112,268 )
 
               
INVESTING ACTIVITIES
               
Capital expenditures
    (25,423 )     (22,436 )
Acquisitions of businesses, net of cash acquired
            (13,018 )
Proceeds from sale of assets
    520       274  
Increase in other investments
    (17,635 )     (15,422 )
 
           
 
               
Net investing cash
    (42,538 )     (50,602 )
 
               
FINANCING ACTIVITIES
               
Net increase in short-term borrowings
    222,894       249,587  
Net increase (decrease) in long-term borrowings
    882       (6,624 )
Payments of cash dividends
    (39,368 )     (41,643 )
Proceeds from stock options exercised
    19,746       6,907  
Income tax effect of stock-based compensation exercises and vesting
    3,123       1,407  
Treasury stock purchased
    (25,771 )     (22,310 )
Other
    (5,960 )     (4,275 )
 
           
 
               
Net financing cash
    175,546       183,049  
 
           
 
               
Effect of exchange rate changes on cash
    4,654       (4,146 )
 
           
 
               
Net increase in cash and cash equivalents
    21,844       16,033  
Cash and cash equivalents at beginning of year
    69,329       26,212  
 
           
 
               
Cash and cash equivalents at end of period
  $ 91,173     $ 42,245  
 
           
 
               
Income taxes paid
  $ 8,513     $ 12,661  
Interest paid
    12,738       18,393  
See notes to condensed consolidated financial statements.

4


Table of Contents

THE SHERWIN-WILLIAMS COMPANY AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)
Periods ended March 31, 2010 and 2009
NOTE 1—BASIS OF PRESENTATION
The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.
There have been no significant changes in critical accounting policies since December 31, 2009. Accounting estimates were revised as necessary during the first three months of 2010 based on new information and changes in facts and circumstances.
In March 2010, the President signed into law the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The Acts eliminate the tax deduction previously allowed for the Medicare Part D subsidy beginning in years after December 31, 2012. The Company recognized the deferred tax effects of the reduced deductibility of the subsidy during the first quarter. The resulting one-time increase in income taxes of $11.4 million reduced first quarter basic and diluted earnings per share by $0.11 and $0.10, respectively. See Note 11.
The Company uses the last-in, first-out (LIFO) method of valuing inventory. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management’s estimates of expected year-end inventory levels and costs are subject to the final year-end LIFO inventory valuation. In addition, interim inventory levels include management’s estimates of annual inventory losses due to shrinkage and other factors. The final year-end valuation of inventory is based on an annual physical inventory count performed during the fourth quarter. For further information on inventory valuations and other matters, refer to the consolidated financial statements and footnotes thereto included in the Company’s Form 10-K for the year ended December 31, 2009.
The consolidated results for the three months ended March 31, 2010 are not necessarily indicative of the results to be expected for the year ending December 31, 2010.
NOTE 2—IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
In February 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2010-11, which amends the Subsequent Events Topic of the Accounting Standards Codification (ASC) to eliminate the requirement for public companies to disclose the date through which subsequent events have been evaluated. The Company will

5


Table of Contents

continue to evaluate subsequent events through the date of the issuance of the financial statements, however, consistent with the guidance, this date will no longer be disclosed. ASU 2010-11 does not have any impact on the Company’s results of operations, financial condition or liquidity.
Effective January 1, 2010, the Company adopted FAS No. 166, “Accounting for Transfers of Financial Assets” (now codified in the Transfers and Servicing Topic of the ASC) and FAS No. 167, “Amendments to FASB Interpretation (FIN) No. 46(R)” (now codified in the Consolidation Topic of the ASC). FAS No. 166 removes the concept of a qualifying special-purpose entity (SPE) from FAS No. 140 and eliminates the exception for qualifying SPEs from the consolidation guidance of FIN No. 46(R). FAS No. 167 changes the analysis that must be performed to determine the primary beneficiary of a variable interest entity (VIE), amends certain guidance in FIN No. 46(R) for determining whether an entity is a VIE and requires enhanced disclosures about involvement with VIEs. The statements do not have a significant impact on the Company’s results of operations, financial condition, liquidity or disclosures.
NOTE 3—DIVIDENDS
Dividends paid on common stock during the first quarter of 2010 and 2009 were $0.360 per common share and $0.355 per common share, respectively.
NOTE 4—COMPREHENSIVE INCOME
Comprehensive income is summarized as follows:
                 
    Three Months Ended  
    March 31,  
(Thousands of dollars)   2010     2009  
Net income
  $ 32,603     $ 37,279  
Foreign currency translation adjustments
    6,486       (8,881 )
Amortization of net prior service costs and net actuarial losses, net of taxes (1)
    3,651       4,639  
Adjustments of marketable equity securities and derivative instruments used
in cash flow hedges, net of taxes (2)
    333       45  
 
           
Comprehensive income
  $ 43,073     $ 33,082  
 
           
 
(1)   The tax effect of amortization of net prior service costs and net actuarial losses was $1,716 and $(2,890) for the three months ended March 31, 2010 and 2009, respectively.
 
(2)   The tax effect of adjustments of marketable equity securities and derivative instruments used in cash flow hedges was $(213) and $(35) for the three months ended March 31, 2010 and 2009, respectively.

6


Table of Contents

NOTE 5—PRODUCT WARRANTIES
Changes in the Company’s accrual for product warranty claims during the first three months of 2010 and 2009, including customer satisfaction settlements, were as follows:
                 
(Thousands of dollars)   2010     2009  
Balance at January 1
  $ 22,214     $ 18,029  
Charges to expense
    4,108       4,297  
Settlements
    (4,822 )     (4,632 )
 
           
Balance at March 31
  $ 21,500     $ 17,694  
 
           
For further details on the Company’s accrual for product warranty claims, see Note 1 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.
NOTE 6—EXIT OR DISPOSAL ACTIVITIES
Liabilities associated with exit or disposal activities are recognized as incurred in accordance with the Exit or Disposal Cost Obligations Topic of the ASC. Qualified exit costs primarily include post-closure rent expenses, incremental post-closure costs and costs of employee terminations. Adjustments may be made to liabilities accrued for qualified exit costs if information becomes available upon which more accurate amounts can be reasonably estimated. Concurrently, property, plant and equipment is tested for impairment in accordance with the Property, Plant and Equipment Topic of the ASC, and if impairment exists, the carrying value of the related assets is reduced to estimated fair value. Additional impairment may be recorded for subsequent revisions in estimated fair value.
In the three months ended March 31, 2010, 3 stores in the Paint Stores Group were closed due to lower demand or redundancy. During the three months ended March 31, 2010, amounts charged to SG&A included qualified exit costs of $.01 million related to 3 closed stores, and amounts charged to Cost of goods sold included $.4 million for severance costs related to a Consumer Group manufacturing facility closed during 2009. Adjustments to prior provisions of $.3 million related to Global Finishes Group facilities closed during 2009 were recorded in Other general expense — net in the three months ended March 31, 2010.

7


Table of Contents

The following table summarizes the activity and remaining liabilities associated with qualified exit costs for the three months ended March 31, 2010:
(Thousands of dollars)
                                         
                    Actual     Adjustments to        
    Balance at     Provisions in     expenditures     prior provisions     Balance at  
    December 31,     Cost of goods     charged to     in Other general     March 31,  
Exit Plan   2009     sold or SG&A     accrual     expense - net     2010  
Paint Stores Group stores shutdown in 2010:
                                       
Other qualified exit costs
          $ 7                     $ 7  
 
                                       
Paint Stores Group stores shutdown in 2009:
                                       
Other qualified exit costs
  $ 3,213             $ (331 )             2,882  
 
                                       
Consumer Group manufacturing facilities shutdown in 2009:
                                       
Severance and related costs
    4,532       429       (2,119 )             2,842  
Other qualified exit costs
    2,258               (64 )             2,194  
 
                                       
Global Finishes Group manufacturing facility and branches shutdown in 2009:
                                       
Severance and related costs
    204               (92 )   $ (16 )     96  
Other qualified exit costs
    3,703               (357 )     (256 )     3,090  
 
                                       
Paint Stores Group manufacturing and distribution facilities, administrative offices and stores shutdown in 2008:
                                       
Severance and related costs
    70               (36 )             34  
Other qualified exit costs
    5,426               (532 )             4,894  
 
                                       
Consumer Group manufacturing and distribution facilities shutdown in 2008:
                                       
Severance and related costs
    311                               311  
Other qualified exit costs
    83               (15 )             68  
 
                                       
Global Finishes Group administrative offices and branches shutdown in 2008:
                                       
Other qualified exit costs
    88               (12 )             76  
 
                                       
Paint Stores Group manufacturing facility shutdown in 2007:
                                       
Other qualified exit costs
    1,578               (60 )             1,518  
 
                                       
Consumer Group manufacturing facility shutdown in 2007:
                                       
Other qualified exit costs
    2,166                               2,166  
 
                                       
Other qualified exit costs for facilities shutdown prior to 2003
    7,501               (843 )             6,658  
 
                             
Totals
  $ 31,133     $ 436     $ (4,461 )   $ (272 )   $ 26,836  
 
                             
For further details on the Company’s exit or disposal activities, see Note 6 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.

8


Table of Contents

NOTE 7HEALTH CARE, PENSION AND OTHER BENEFITS
Shown below are the components of the Company’s net periodic benefit cost for domestic defined benefit pension plans, foreign defined benefit pension plans and postretirement benefits other than pensions:
                                                 
    Domestic Defined     Foreign Defined     Postretirement Benefits  
    Benefit Pension Plans     Benefit Pension Plans     Other than Pensions  
(Thousands of dollars)   2010     2009     2010     2009     2010     2009  
Three Months Ended March 31:
                                               
Net periodic benefit cost:
                                               
Service cost
  $ 4,189     $ 5,316     $ 501     $ 306     $ 883     $ 848  
Interest cost
    4,440       4,617       1,036       735       4,017       3,924  
Expected return on assets
    (10,515 )     (9,201 )     (715 )     (453 )                
Amortization of:
                                               
Prior service cost (credit)
    415       387       7       11       (164 )     (164 )
Actuarial loss
    4,691       7,208       347       78       326       72  
 
                                   
Net periodic benefit cost
  $ 3,220     $ 8,327     $ 1,176     $ 677     $ 5,062     $ 4,680  
 
                                   
For further details on the Company’s health care, pension and other benefits, see Note 7 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.
NOTE 8—OTHER LONG-TERM LIABILITIES
The Company initially provides for estimated costs of environmental-related activities relating to its past operations and third-party sites for which commitments or clean-up plans have been developed and when such costs can be reasonably estimated based on industry standards and professional judgment. These estimated costs are determined based on currently available facts regarding each site. If the best estimate of costs can only be identified as a range and no specific amount within that range can be determined more likely than any other amount within the range, the minimum of the range is provided. At March 31, 2010, the unaccrued maximum of the estimated range of possible outcomes is $100.8 million higher than the minimum.
The Company continuously assesses its potential liability for investigation and remediation-related activities and adjusts its environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Actual costs incurred may vary from these estimates due to the inherent uncertainties involved including, among others, the number and financial condition of parties involved with respect to any given site, the volumetric contribution which may be attributed to the Company relative to that attributed to other parties, the nature and magnitude of the wastes involved, the various technologies that can be used for remediation and the determination of acceptable remediation with respect to a particular site.
Included in Other long-term liabilities at March 31, 2010 and 2009 were accruals for extended environmental-related activities of $96.9 million and $128.2 million, respectively. Estimated costs of current investigation and remediation activities of $64.6 million and $52.6 million are included in Other accruals at March 31, 2010 and 2009, respectively.
Four of the Company’s currently and formerly owned manufacturing sites account for the majority of the accrual for environmental-related activities and the unaccrued maximum of the estimated range of possible outcomes at March 31, 2010. At March 31, 2010, $119.9 million, or

9


Table of Contents

74.2 percent of the total accrual, related directly to these four sites. In the aggregate unaccrued maximum of $100.8 million at March 31, 2010, $61.9 million, or 61.4 percent, related to the four manufacturing sites. While environmental investigations and remedial actions are in different stages at these sites, additional investigations, remedial actions and monitoring will likely be required at each site.
Management cannot presently estimate the ultimate potential loss contingencies related to these sites or other less significant sites until such time as a substantial portion of the investigation at the sites is completed and remedial action plans are developed. In the event any future loss contingency significantly exceeds the current amount accrued, the recording of the ultimate liability may result in a material impact on net income for the annual or interim period during which the additional costs are accrued. Management does not believe that any potential liability ultimately attributed to the Company for its environmental-related matters will have a material adverse effect on the Company’s financial condition, liquidity, or cash flow due to the extended period of time during which environmental investigation and remediation takes place. An estimate of the potential impact on the Company’s operations cannot be made due to the aforementioned uncertainties.
Management expects these contingent environmental-related liabilities to be resolved over an extended period of time. Management is unable to provide a more specific time frame due to the indefinite amount of time to conduct investigation activities at any site, the indefinite amount of time to obtain environmental agency approval, as necessary, with respect to investigation and remediation activities, and the indefinite amount of time necessary to conduct remediation activities.
For further details on the Company’s Other long-term liabilities, see Note 9 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.
NOTE 9—LITIGATION
In the course of its business, the Company is subject to a variety of claims and lawsuits, including litigation relating to product liability and warranty, personal injury, environmental, intellectual property, commercial, contractual and antitrust claims that are inherently subject to many uncertainties regarding the possibility of a loss to the Company. These uncertainties will ultimately be resolved when one or more future events occur or fail to occur confirming the incurrence of a liability or the reduction of a liability. In accordance with the Contingencies Topic of the ASC, the Company accrues for these contingencies by a charge to income when it is both probable that one or more future events will occur confirming the fact of a loss and the amount of the loss can be reasonably estimated. In the event that the Company’s loss contingency is ultimately determined to be significantly higher than currently accrued, the recording of the additional liability may result in a material impact on the Company’s results of operations, liquidity or financial condition for the annual or interim period during which such additional liability is accrued. In those cases where no accrual is recorded because it is not probable that a liability has been incurred and cannot be reasonably estimated, any potential liability ultimately determined to be attributable to the Company may result in a material impact

10


Table of Contents

on the Company’s results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. In those cases where no accrual is recorded or exposure to loss exists in excess of the amount accrued, the Contingencies Topic of the ASC requires disclosure of the contingency when there is a reasonable possibility that a loss or additional loss may have been incurred if even the possibility may be remote.
Lead pigment and lead-based paint litigation. The Company’s past operations included the manufacture and sale of lead pigments and lead-based paints. The Company, along with other companies, is and has been a defendant in a number of legal proceedings, including individual personal injury actions, purported class actions, and actions brought by various counties, cities, school districts and other government-related entities, arising from the manufacture and sale of lead pigments and lead-based paints. The plaintiffs’ claims have been based upon various legal theories, including negligence, strict liability, breach of warranty, negligent misrepresentations and omissions, fraudulent misrepresentations and omissions, concert of action, civil conspiracy, violations of unfair trade practice and consumer protection laws, enterprise liability, market share liability, public nuisance, unjust enrichment and other theories. The plaintiffs seek various damages and relief, including personal injury and property damage, costs relating to the detection and abatement of lead-based paint from buildings, costs associated with a public education campaign, medical monitoring costs and others. The Company is also a defendant in legal proceedings arising from the manufacture and sale of non-lead-based paints that seek recovery based upon various legal theories, including the failure to adequately warn of potential exposure to lead during surface preparation when using non-lead-based paint on surfaces previously painted with lead-based paint. The Company believes that the litigation brought to date is without merit or subject to meritorious defenses and is vigorously defending such litigation. The Company has not settled any lead pigment or lead-based paint litigation. The Company expects that additional lead pigment and lead-based paint litigation may be filed against the Company in the future asserting similar or different legal theories and seeking similar or different types of damages and relief.
Notwithstanding the Company’s views on the merits, litigation is inherently subject to many uncertainties, and the Company ultimately may not prevail. Adverse court rulings or determinations of liability, among other factors, could affect the lead pigment and lead-based paint litigation against the Company and encourage an increase in the number and nature of future claims and proceedings. In addition, from time to time, various legislation and administrative regulations have been enacted, promulgated or proposed to impose obligations on present and former manufacturers of lead pigments and lead-based paints respecting asserted health concerns associated with such products or to overturn the effect of court decisions in which the Company and other manufacturers have been successful.
Due to the uncertainties involved, management is unable to predict the outcome of the lead pigment and lead-based paint litigation, the number or nature of possible future claims and proceedings, or the effect that any legislation and/or administrative regulations may have on the litigation or against the Company. In addition, management cannot reasonably determine the scope or amount of the potential costs and liabilities related to such litigation, or resulting from any such legislation and regulations. The Company has not accrued any amounts for such litigation. Any potential liability that may result from such litigation or such legislation and

11


Table of Contents

regulations cannot reasonably be estimated. In the event any significant liability is determined to be attributable to the Company relating to such litigation, the recording of the liability may result in a material impact on net income for the annual or interim period during which such liability is accrued. Additionally, due to the uncertainties associated with the amount of any such liability and/or the nature of any other remedy which may be imposed in such litigation, any potential liability determined to be attributable to the Company arising out of such litigation may have a material adverse effect on the Company’s results of operations, liquidity or financial condition. An estimate of the potential impact on the Company’s results of operations, liquidity or financial condition cannot be made due to the aforementioned uncertainties.
Public nuisance claim litigation. The Company and other companies are or were defendants in legal proceedings seeking recovery based on public nuisance liability theories, among other theories, brought by the State of Rhode Island, the City of St. Louis, Missouri, various cities and counties in the State of New Jersey, various cities in the State of Ohio and the State of Ohio, the City of Milwaukee, Wisconsin and the County of Santa Clara, California and other public entities in the State of California. Except for the Santa Clara County, California proceeding, all of these legal proceedings have been concluded in favor of the Company and other defendants at various stages in the proceedings.
The proceedings initiated by the State of Rhode Island included two jury trials. The claim was originally tried to a jury in 2002 and the court declared a mistrial as the jury, which was split four to two in favor of the defendants, was unable to reach a unanimous decision. The State of Rhode Island retried the case and on February 22, 2006, the jury returned a verdict, finding that (i) the cumulative presence of lead pigment in paints and coatings on buildings in the State of Rhode Island constitutes a public nuisance, (ii) the Company, along with two other defendants, caused or substantially contributed to the creation of the public nuisance, and (iii) the Company and two other defendants should be ordered to abate the public nuisance. The Company and two other defendants appealed and, on July 1, 2008, the Rhode Island Supreme Court, among other determinations, reversed the judgment of abatement with respect to the Company and two other defendants. The Rhode Island Supreme Court’s decision reversed the public nuisance liability judgment against the Company on the basis that the complaint failed to state a public nuisance claim as a matter of law.
The Santa Clara County, California proceeding was initiated in March 2000 and purports to be a class action on behalf of all public entities in the State of California other than the State and its agencies. The plaintiffs’ asserted various claims including fraud and concealment, strict product liability/failure to warn, strict product liability/design defect, negligence, negligent breach of a special duty, public nuisance, private nuisance, and violations of California’s Business and Professions Code. A number of the asserted claims were resolved in favor of the defendants through pre-trial proceedings. On March 3, 2006, the Court of Appeal, Sixth Appellate District, among other determinations, reversed the dismissal of the public nuisance claim for abatement brought by the cities of Santa Clara and Oakland and the City and County of San Francisco, and affirmed the dismissal of the public nuisance claim for damages to the plaintiffs’ properties. The plaintiffs have filed a motion for leave to file a fourth amended complaint. On April 4, 2007, the trial court entered an order granting the defendants’ motion to bar payment of contingent fees to private attorneys. The plaintiffs appealed the trial court’s order and, on April 8, 2008, the

12


Table of Contents

California Court of Appeal reversed the trial court’s order. The defendants filed a petition for review with the California Supreme Court and the Supreme Court has decided to review the Court of Appeal’s decision. Proceedings in the trial court are stayed pending the appeal.
Litigation seeking damages from alleged personal injury. The Company and other companies are defendants in a number of legal proceedings seeking monetary damages and other relief from alleged personal injuries. These proceedings include claims by children allegedly injured from ingestion of lead pigment or lead-containing paint, claims for damages allegedly incurred by the children’s parents or guardians, and claims for damages allegedly incurred by professional painting contractors. These proceedings generally seek compensatory and punitive damages, and seek other relief including medical monitoring costs. These proceedings include purported claims by individuals, groups of individuals and class actions.
The plaintiff in Thomas v. Lead Industries Association, et al., initiated an action against the Company, other alleged former lead pigment manufacturers and the Lead Industries Association in September 1999. The claims against the Company and the other defendants include strict liability, negligence, negligent misrepresentation and omissions, fraudulent misrepresentation and omissions, concert of action, civil conspiracy and enterprise liability. Implicit within these claims is the theory of “risk contribution” liability (Wisconsin’s theory which is similar to market share liability) due to the plaintiff’s inability to identify the manufacturer of any product that allegedly injured the plaintiff. Following various pre-trial proceedings during which certain of the plaintiff’s claims were dismissed by the court, on March 10, 2003, the trial court granted the defendants’ motion for summary judgment, dismissing the case with prejudice and awarding costs to each defendant. The plaintiff appealed and, on June 14, 2004, the Wisconsin Court of Appeals affirmed the trial court’s decision. On July 15, 2005, the Wisconsin Supreme Court reversed in part the trial court’s decision and decided, assuming all of plaintiff’s facts in the summary judgment record to be true, that the risk contribution theory could then apply to excuse the plaintiff’s lack of evidence identifying any of the Company’s or the other defendant’s products as the cause of the alleged injury. The case was remanded to the trial court for further proceedings and a trial commenced on October 1, 2007. On November 5, 2007, the jury returned a defense verdict, finding that the plaintiff had ingested white lead carbonate, but was not brain damaged or injured as a result. The plaintiff filed post-trial motions for a new trial that was denied by the trial court. On March 4, 2008, final judgment was entered in favor of the Company and other defendants. The plaintiff has filed an appeal of the final judgment.
Wisconsin is the only jurisdiction to date to apply a theory of liability with respect to alleged personal injury (i.e., risk contribution/market share liability) that does not require the plaintiff to identify the manufacturer of the product that allegedly injured the plaintiff in the lead pigment and lead-based paint litigation.
Insurance coverage litigation. The Company and its liability insurers, including certain Underwriters at Lloyd’s of London, initiated legal proceedings against each other to determine, among other things, whether the costs and liabilities associated with the abatement of lead pigment are covered under certain insurance policies issued to the Company. An ultimate loss in the insurance coverage litigation would mean that insurance proceeds could be unavailable under the policies at issue to mitigate any ultimate abatement related costs and liabilities. The

13


Table of Contents

Company has not recorded any assets related to these insurance policies or otherwise assumed that proceeds from these insurance policies would be received in estimating any contingent liability accrual. Therefore, an ultimate loss in the insurance coverage litigation without a determination of liability against the Company in the lead pigment or lead-based paint litigation will have no impact on the Company’s results of operation, liquidity or financial condition. As previously stated, however, the Company has not accrued any amounts for the lead pigment or lead-based paint litigation and any significant liability ultimately determined to be attributable to the Company relating to such litigation may result in a material impact on the Company’s results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. The Company’s action, an Ohio state court action, has been stayed and the liability insurers action, a New York state court action, has been dismissed.
NOTE 10—OTHER EXPENSE (INCOME)
Other general expense — net
Included in Other general expense — net were the following:
                 
    Three Months Ended  
    March 31,  
(Thousands of dollars)   2010     2009  
Provisions for environmental matters — net
  $ 1,937     $ 6,201  
Loss on disposition of assets
    241       729  
Adjustments to prior provisions for qualified exit costs
    (272 )     3,475  
 
           
Other general expense — net
  $ 1,906     $ 10,405  
 
           
Provisions for environmental matters–net represent site-specific increases or decreases to environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Environmental-related accruals are not recorded net of insurance proceeds in accordance with the Offsetting Subtopic of the Balance Sheet Topic of the ASC. See Note 8 for further details on the Company’s environmental-related activities.
The loss on disposition of assets represents net realized losses associated with the disposal of fixed assets previously used in the conduct of the primary business of the Company.
The adjustments to prior provisions for qualified exit costs represent site specific increases or decreases to accrued qualified exit costs as adjustments for costs of employee terminations are required or as information becomes available upon which more accurate amounts can be reasonably estimated. See Note 6 for further details on the Company’s exit or disposal activities.

14


Table of Contents

Other expense (income) — net
Included in Other expense (income) — net were the following:
                 
    Three Months Ended  
    March 31,  
(Thousands of dollars)   2010     2009  
Dividend and royalty income
  $ (966 )   $ (957 )
Net expense from financing and investing activities
    1,732       416  
Foreign currency related losses (gains)
    6,002       (101 )
Other income
    (2,108 )     (1,912 )
Other expense
    2,138       1,448  
 
           
Other expense (income) — net
  $ 6,798     $ (1,106 )
 
           
The net expense from financing and investing activities includes the net loss relating to the change in the Company’s financing fees.
Foreign currency related losses (gains) included foreign currency transaction gains and losses and realized and unrealized net gains from foreign currency option and forward contracts. The Company had foreign currency option and forward contracts outstanding at March 31, 2010 and 2009. All of the outstanding contracts had maturity dates of less than twelve months and were undesignated hedges with changes in fair value being recognized in earnings in accordance with the Derivatives and Hedging Topic of the ASC. These derivative instrument values were included in either Other current assets or Other accruals and were insignificant at March 31, 2010 and 2009.
Other income and Other expense included items of revenue, gains, expenses and losses that were unrelated to the primary business purpose of the Company. Each individual item within the other income or other expense caption was immaterial; no single category of items exceeded $1.0 million.
NOTE 11—INCOME TAXES
The effective tax rate was 45.2 percent for the first quarter of 2010, compared to 26.7 percent for the first quarter of 2009. The increase in the effective tax rate for the first quarter of 2010 compared to 2009 was due to the impact of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act signed into law in March 2010. The Company recognized the deferred tax effects of the reduced deductibility of the postretirement prescription drug coverage during the first quarter of 2010, which resulted in a Federal and State income tax charge of $11.4 million.
At December 31, 2009, the Company had $37.0 million in unrecognized tax benefits, the recognition of which would have an affect of $32.5 million on the current provision for income taxes. Included in the balance of unrecognized tax benefits at December 31, 2009 was $9.6 million related to tax positions for which it is reasonably possible that the total amounts could significantly change during the next twelve months. This amount represents a decrease in unrecognized tax benefits comprised of items related to assessed state income tax audits, state settlement negotiations currently in progress and expiring statutes in foreign jurisdictions.

15


Table of Contents

The Company classifies all income tax related interest and penalties as income tax expense. At December 31, 2009, the Company had accrued $11.8 million for the potential payment of income tax interest and penalties.
The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. Other than as noted below, the Internal Revenue Service (IRS) substantially completed the audit of the 2004 and 2005 tax years. The IRS commenced an examination of the Company’s U.S. income tax returns for the 2006 and 2007 tax years in the fourth quarter of 2008. Fieldwork is anticipated to be completed prior to December 31, 2010. At this time, the Company has determined that an insignificant amount of additional tax is due. The IRS is currently examining transactions related to The Sherwin-Williams Company Employee Stock Purchase and Savings Plan. The IRS has indicated it may issue Notices of Proposed Adjustment related to these transactions. During the IRS’s examination of the transactions, it requested the Department of Labor to review the transactions. Following the Department of Labor’s initial examination, it is coordinating its response with the IRS. As of March 31, 2010, the Company is subject to non-U.S. income tax examinations for the tax years of 2002 through 2009. In addition, the Company is subject to state and local income tax examinations for the tax years 1992 through 2009.
There were no significant changes to any of the balances of unrecognized tax benefits at December 31, 2009 during the first quarter of 2010.

16


Table of Contents

NOTE 12—NET INCOME PER COMMON SHARE
                 
    Three Months Ended  
    March 31,  
(Thousands of dollars except per share data)   2010     2009  
Basic
               
Average common shares outstanding
    107,959,598       115,946,629  
 
           
 
               
Net income
  $ 32,603     $ 37,279  
 
           
 
               
Net income per common share
  $ 0.30     $ 0.32  
 
           
 
               
Diluted
               
Average common shares outstanding
    107,959,598       115,946,629  
Non-vested restricted stock grants
    753,163       1,154,224  
Stock options and other contingently
               
issuable shares (1)
    1,534,413       928,919  
 
           
Average common shares assuming dilution
    110,247,174       118,029,772  
 
           
 
               
Net income
  $ 32,603     $ 37,279  
 
           
 
               
Net income per common share
  $ 0.30     $ 0.32  
 
           
 
(1)   Stock options and other contingently issuable shares excludes 0.1 million and 4.9 million shares for the three months ended March 31, 2010 and 2009, respectively, due to their anti-dilutive effect.
Basic and diluted earnings per share are calculated in accordance with the Earnings Per Share Topic of the ASC. Under the Company’s restricted stock award program, non-forfeitable dividends are paid on unvested shares of restricted stock, and the restricted stock is therefore considered a participating security. The two-class method of computing earnings per share is required for all periods presented if it results in basic or diluted earnings per share amounts that are materially different than those calculated under the treasury stock method. If the use of the two-class method does not result in basic or diluted earnings per share amounts that are materially different than those calculated under the treasury stock method, the treasury stock method may still be used. The Company has calculated basic and diluted earnings per share for the three months ended March 31, 2010 and 2009 under both methods. Because the Company’s unvested shares of restricted stock do not represent a significant portion of total outstanding shares, the use of the two-class method does not have a material impact on the basic and diluted earnings per share amounts, and the treasury stock method is disclosed.

17


Table of Contents

NOTE 13—REPORTABLE SEGMENT INFORMATION
The Company reports segment information in the same way that management internally organizes its business for assessing performance and making decisions regarding allocation of resources in accordance with the Segment Disclosures Topic of the ASC.
                                         
    Three Months Ended March 31, 2010  
                    Global Finishes              
(Thousands of dollars)    Paint Stores Group     Consumer Group     Group     Administrative     Consolidated Totals  
Net external sales
  $ 850,912     $ 292,149     $ 421,099     $ 1,322     $ 1,565,482  
Intersegment transfers
            281,169       22,255       (303,424 )        
 
                             
Total net sales and intersegment transfers
  $ 850,912     $ 573,318     $ 443,354     $ (302,102 )   $ 1,565,482  
 
                                       
Segment profit
  $ 47,755     $ 37,466     $ 23,003             $ 108,224  
Interest expense
                          $ (11,569 )     (11,569 )
Administrative expenses and other
                            (37,197 )     (37,197 )
 
                             
Income before income taxes
  $ 47,755     $ 37,466 *   $ 23,003     $ (48,766 )   $ 59,458  
                                         
    Three Months Ended March 31, 2009  
                    Global Finishes              
    Paint Stores Group     Consumer Group     Group     Administrative     Consolidated Totals  
Net external sales
  $ 898,408     $ 288,152     $ 362,511     $ 1,606     $ 1,550,677  
Intersegment transfers
            270,813       34,750       (305,563 )        
 
                             
Total net sales and intersegment transfers
  $ 898,408     $ 558,965     $ 397,261     $ (303,957 )   $ 1,550,677  
 
                                       
Segment profit
  $ 56,580     $ 30,204     $ 5,305             $ 92,089  
Interest expense
                          $ (12,202 )     (12,202 )
Administrative expenses and other
                            (28,994 )     (28,994 )
 
                             
Income before income taxes
  $ 56,580     $ 30,204 *   $ 5,305     $ (41,196 )   $ 50,893  
 
*   Segment profit includes $4,019 and $3,323 of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the first quarter of 2010 and 2009, respectively.
In the reportable segment financial information, Segment profit was total net sales and intersegment transfers less operating costs and expenses. Domestic intersegment transfers were accounted for at the approximate fully absorbed manufactured cost, based on normal capacity volumes, plus customary distribution costs. International intersegment transfers were accounted for at values comparable to normal unaffiliated customer sales. The Administrative segment includes the administrative expenses of the Company’s corporate headquarters site. Also included in the Administrative segment was interest expense, interest and investment income, certain expenses related to closed facilities and environmental-related matters, and other expenses which were not directly associated with the Reportable Operating Segments. The Administrative segment did not include any significant foreign operations. Also included in the Administrative segment was a real estate management unit that is responsible for the ownership, management and leasing of non-retail properties held primarily for use by the Company, including the Company’s headquarters site, and disposal of idle facilities. Sales of this segment

18


Table of Contents

represented external leasing revenue of excess headquarters space or leasing of facilities no longer used by the Company in its primary businesses. Gains and losses from the sale of property were not a significant operating factor in determining the performance of the Administrative segment.
Net external sales and segment profit of all consolidated foreign subsidiaries were $281.7 million and $24.2 million, respectively, for the first quarter of 2010, and $219.8 million and $0.3 million, respectively, for the first quarter of 2009. Long-lived assets of these subsidiaries totaled $242.4 million and $223.4 million at March 31, 2010 and March 31, 2009, respectively. Domestic operations accounted for the remaining net external sales, segment profits and long-lived assets. No single geographic area outside the United States was significant relative to consolidated net external sales, income before taxes, or consolidated long-lived assets.
Export sales and sales to any individual customer were each less than 10 percent of consolidated sales to unaffiliated customers during all periods presented.
NOTE 14ACQUISITIONS
Effective April 1, 2010, the Company acquired Sayerlack Industrial Coatings (Sayerlack) for $53.8 million, excluding any post-closing adjustments. Headquartered in Pianoro, Italy, Sayerlack is a leading coatings innovator in the joinery, furniture and cabinets markets. The acquisition will strengthen the Global Finishes Group’s growing global platform for product finishes. A valuation will be completed in the second quarter, and Sayerlack will be included in the Company’s consolidated financial statements after the date of acquisition.
During the first quarter of 2009, the Company acquired Altax Sp. zo.o. (Altax). Headquartered in Poznan, Poland, Altax is a leading innovator of protective woodcare coatings and serves multiple channels, including industrial, professional and DIY. Included in the Consumer Group, the acquisition provides a platform for further growth in Central Europe. The aggregate consideration paid for Altax was $11.5 million, net of cash acquired, including the assumption of certain financial obligations. The acquisition resulted in the recognition of goodwill and intangible assets.

19


Table of Contents

The following unaudited pro-forma summary presents consolidated financial information as if Altax had been acquired as of the beginning of each period presented. The pro-forma consolidated financial information does not necessarily reflect the actual results that would have occurred had the acquisition taken place on January 1, 2009 or of future results of operations of the combined companies under ownership and operation of the Company.
                 
    Three Months Ended  
    March 31,  
(Thousands of dollars except per share data)    2010     2009  
Net sales
  $ 1,565,482     $ 1,550,947  
Net income
    32,603       36,884  
 
               
Net income per common share:
               
Basic
  $ 0.30     $ 0.32  
Diluted
  $ 0.30     $ 0.31  
NOTE 15FAIR VALUE MEASUREMENTS
The Fair Value Measurements and Disclosures Topic of the ASC applies to the Company’s financial and non-financial assets and liabilities. The guidance applies when other standards require or permit the fair value measurement of assets and liabilities. It does not expand the use of fair value measurements. The Company did not have any fair value measurements for its non-financial assets and liabilities during the first quarter. The following table presents the Company’s financial assets and liabilities that are measured at fair value on a recurring basis, categorized using the fair value hierarchy:
                                 
            Quoted Prices in             Significant  
    Fair Value at     Active Markets for     Significant Other     Unobservable  
    March 31,     Identical Assets     Observable Inputs     Inputs  
(Thousands of dollars)   2010     (Level 1)     (Level 2)     (Level 3)  
Assets:
                               
Deferred compensation plan asset (1)
  $ 17,529     $ 14,976     $ 2,553          
Net currency derivative asset (2)
    53               53          
 
                         
Total assets at fair value
  $ 17,582     $ 14,976     $ 2,606          
 
                         
 
                               
Liabilities:
                               
Deferred compensation plan liability (3)
  $ 19,992     $ 19,992                  
 
                           
Total liabilities at fair value
  $ 19,992     $ 19,992                  
 
                           
 
(1)   The deferred compensation plan asset consists of the investment funds maintained for the future payments under the Company’s executive deferred compensation plan, which is structured as a rabbi trust. The investments are marketable securities accounted for under the Debt and Equity Securities Topic of the ASC. The level 1 investments are valued using quoted market prices multiplied by the number of shares. The level 2 investments are valued based on vendor or broker models. The cost basis of the investment funds is $16,387.
 
(2)   The net currency derivative asset represents the fair value of foreign currency swaps. The swaps are valued using the banks’ proprietary models.
 
(3)   The deferred compensation plan liability is the Company’s liability under its executive deferred compensation plan. The liability represents the fair value of the participant shadow accounts, and the value is based on quoted market prices.

20


Table of Contents

NOTE 16FINANCIAL INSTRUMENTS
The table below summarizes the carrying amount and fair value of the Company’s publicly traded debt and non-publicly traded debt in accordance with the Fair Value Measurements and Disclosures Topic of the ASC. The fair values of the Company’s publicly traded debt are based on quoted market prices. The fair values of the Company’s non-traded debt are estimated using discounted cash flow analyses, based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements.
                 
    March 31, 2010  
    Carrying     Fair  
(Thousands of dollars)    Amount     Value  
Publicly traded debt
  $ 768,313     $ 743,287  
Non-traded debt
    26,949       25,587  
NOTE 17NON-TRADED INVESTMENTS
The Company has invested in the U.S. affordable housing and historic renovation real estate markets. These non-traded investments have been identified as variable interest entities. However, because the Company does not have the power to direct the day-to-day operations of the investments and the risk of loss is limited to the amount of contributed capital, the Company is not considered the primary beneficiary. In accordance with the Consolidation Topic of the ASC, the investments are not consolidated. The Company uses the effective yield method to determine the carrying value of the investments. Under the effective yield method, the initial cost of the investments is amortized over the period that the tax credits are recognized. The carrying amount of the investments, included in Other assets, was $96.0 million at March 31, 2010. The liability for estimated future capital contributions to the investments was $78.9 million at March 31, 2010.

21


Table of Contents

Item 2. MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
SUMMARY
The Sherwin-Williams Company, founded in 1866, and its consolidated wholly owned subsidiaries (collectively, the “Company”) are engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia. The Company is structured into three reportable operating segments — Paint Stores Group, Consumer Group and Global Finishes Group (collectively, the “Reportable Operating Segments”) — and an Administrative Segment in the same way it is internally organized for assessing performance and making decisions regarding allocation of resources. See pages 5 through 7, page 10 and Note 19, on pages 75 through 77, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 for more information concerning the Reportable Operating Segments.
The soft U.S. and global economic conditions that first affected architectural paint sales volume in 2008 continued to challenge operations in 2009 and in the first quarter of 2010. The decline in U.S. architectural paint sales volume expanded into other markets served by the Company, reduced manufacturing volume demand and spread into foreign markets. In respect to the continuing soft U.S. economic conditions, management of the Company continued to consistently perform additional valuation procedures to ensure that the values of the Company’s assets and liabilities were based on the latest information available on which to base such valuations. Specifically, management determined that: the collectibility of accounts receivable was properly estimated; current market values of inventories exceeded cost; the quoted and unavailable market values of deferred pension assets were reasonable; fair market values of goodwill and intangible assets were appropriately and reasonably estimated; the useful lives and fair market values of property, plant and equipment were established in relation to the current lower manufacturing and sales demand; adequate impairments of property, plant and equipment and accrual of qualified exit costs were recorded for all closed sites being held for disposal; and all sales allowances, returns, discounts, warranties and complaint allowances were reasonably stated in respect to the current economic conditions and changing business environment.
The Company’s financial condition, liquidity and cash flow remained strong through the seasonally weak first quarter in spite of the continuing challenging domestic economic conditions that included reductions in demand, increased manufacturing costs related to lower volume throughput, tight credit markets and significant fluctuations in foreign currency rates. Net working capital improved $447.1 million at March 31, 2010 compared to the end of the first quarter of 2009 due primarily to a significant decrease in current liabilities. Short-term borrowings decreased $519.7 million from March 31, 2009 and all other current liabilities increased $115.2 million. The Company has been able to arrange sufficient short-term borrowing capacity at reasonable rates even as credit markets remain tight, and the Company has sufficient total available borrowing capacity to fund its current operating needs. In the first quarter of 2010, short-term borrowings increased $222.8 million from December 31, 2009 due to the seasonal

22


Table of Contents

increase in need for working capital, and all other current liabilities decreased $58.7 million. Since March 31, 2009, Accounts receivable and Inventories were down $39.3 million, and the remaining current assets increased $82.0 million. Accounts receivable and Inventories increased $150.6 million from December 31, 2009 to March 31, 2010 when normal seasonal trends typically require significant growth in these categories. The reduction in short-term borrowings reduced Total current liabilities, and an increase in Total current assets improved the Company’s current ratio to 1.25 at March 31, 2010 from 0.97 at March 31, 2009 and compared to 1.27 at December 31, 2009. Total debt at March 31, 2010 decreased $37.1 million to $1.041 billion from $1.078 billion at March 31, 2009 and increased as a percentage of total capitalization to 41.0 percent from 40.5 percent at the end of the first quarter last year. Total debt increased $223.1 million and increased from 35.4 percent of total capitalization at December 31, 2009. At March 31, 2010, the Company had remaining borrowing ability of $1.067 billion. Net operating cash decreased $3.6 million in three months of 2010 to a cash usage of $115.8 million from a cash usage of $112.3 million in 2009 primarily due to an increase in costs incurred for environmental matters and qualified exit costs of $7.5 million and a decrease in net income of $4.7 million partially offset by a decrease in cash used to fund the seasonal increase in net working capital requirements and other adjustments. In the twelve month period from April 1, 2009 through March 31, 2010, the Company generated net operating cash of $855.6 million and invested $94.3 million in capital additions and improvements, reduced its total debt $42.5 million, purchased $533.8 million in treasury stock and paid $160.3 million in cash dividends to its shareholders of common stock.
Results of operations for the Company in the first quarter of 2010 saw a slight improvement in global end market demand for architectural, OEM, and automotive finishes products that was partially offset by a decrease in end-market demand for coatings and other non-paint categories. Consolidated net sales increased 1.0 percent in the first quarter to $1.565 billion from $1.551 billion in the first quarter of 2009 due primarily to favorable foreign currency translation rate changes offset by a decline in domestic paint sales volume. Net sales in the Paint Stores Group decreased 5.3 percent in the quarter to $850.9 million due primarily to a decline in paint sales volume and corresponding weakness in non-paint sales. Net sales in the Paint Stores Group from stores open more than twelve calendar months decreased 5.4 percent in the first three months of 2010. Net sales in the Consumer Group increased 1.4 percent to $292.1 million in the quarter due primarily to new product introductions partially offset by soft DIY demand at some of the Segment’s retail customers. Net sales in the Global Finishes Group stated in U.S. dollars increased 16.2 percent in the quarter to $421.1 million due primarily to favorable currency translation rate changes and increased paint volume sales. Gross profit as a percent of consolidated net sales increased in the first quarter to 44.2 percent from 43.9 percent in 2009 due primarily to increased sales, favorable currency translation rates, and good expense control that was partially offset by increasing raw material costs. Selling, general and administrative expenses (SG&A) decreased as a percent of consolidated net sales to 39.1 percent from 39.3 percent in the first quarter of 2009 due primarily to good expense control across all Reportable Operating Segments. Other general expense — net decreased $8.5 million in the first quarter of 2010 due primarily to decreased provisions for environmental matters and decreased adjustments to prior provisions for qualified exit costs. Interest expense decreased $0.6 million in the first three months of 2010 due to lower short-term borrowings and borrowing rates. The effective income tax rate for first quarter 2010 was 45.2 percent, including a one-time increase in income

23


Table of Contents

tax expense of $11.4 million relating to the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (the “Acts”) passed by Congress in March 2010, compared to 26.7 percent in 2009. Diluted net income per common share decreased to $0.30 per share from $0.32 per share in 2009, including a charge of $.10 per share related to the Acts.
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
The preparation and fair presentation of the consolidated unaudited interim financial statements and accompanying notes included in this report are the responsibility of management. The financial statements and footnotes have been prepared in accordance with U.S. generally accepted accounting principles for interim financial statements and contain certain amounts that were based upon management’s best estimates, judgments and assumptions that were believed to be reasonable under the circumstances. Management considered the impact of the current global economic recession and utilized certain outside sources of economic information when developing the basis for their estimates and assumptions. The impact of the global economic conditions on the estimates and assumptions used by management was believed to be reasonable under the circumstances. Management used assumptions based on historical results, considering the current economic trends, and other assumptions to form the basis for determining appropriate carrying values of assets and liabilities that were not readily available from other sources. Actual results could differ from those estimates. Also, materially different amounts may result under materially different conditions, materially different economic trends or from using materially different assumptions. However, management believes that any materially different amounts resulting from materially different conditions or material changes in facts or circumstances are unlikely to significantly impact the current valuation of assets and liabilities that were not readily available from other sources.
A comprehensive discussion of the Company’s critical accounting policies and management estimates and significant accounting policies followed in the preparation of the financial statements is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Note 1, on pages 44 through 50, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009. There have been no significant changes in critical accounting policies, management estimates or accounting policies followed since the year ended December 31, 2009.
FINANCIAL CONDITION, LIQUIDITY AND CASH FLOW
Overview
The Company’s financial condition, liquidity and cash flow remained strong through the seasonally weak first quarter in spite of the continuing challenging global economic conditions that included reductions in demand, increased manufacturing costs related to lower volume throughput, tight credit markets and significant fluctuations in foreign currency rates. Net working capital improved $447.1 million at March 31, 2010 compared to the end of the first quarter of 2009 due primarily to a significant decrease in current liabilities. Short-term borrowings decreased $519.7 million from March 31, 2009 and all other current liabilities increased $115.2 million. The Company has been able to arrange sufficient short-term borrowing capacity at reasonable rates even as credit markets remain tight, and the Company has sufficient total available borrowing capacity to fund its current operating needs. In the first quarter 2010,

24


Table of Contents

short-term borrowings increased $222.8 million from December 31, 2009 due to the seasonal increase in need for working capital, and all other current liabilities decreased $58.7 million. Since March 31, 2009, Accounts receivable and Inventories were down $39.3 million, and the remaining current assets increased $82.0 million. Accounts receivable and Inventories increased $150.6 million from December 31, 2009 to March 31, 2010 when normal seasonal trends typically require significant growth in these categories. The reduction in short-term borrowings reduced Total current liabilities, and an increase in Total current assets improved the Company’s current ratio to 1.25 at March 31, 2010 from 0.97 at March 31, 2009 and compared to 1.27 at December 31, 2009. Total debt at March 31, 2010 decreased $37.1 million to $1.041 billion from $1.078 billion at March 31, 2009 and increased as a percentage of total capitalization to 41.0 percent from 40.5 percent at the end of the first quarter last year. Total debt increased $223.1 million and increased from 35.4 percent of total capitalization at December 31, 2009. At March 31, 2010, the Company had remaining borrowing ability of $1.067 billion. Net operating cash decreased $3.6 million in three months of 2010 to a cash usage of $115.8 million from a cash usage of $112.3 million in 2009 primarily due to an increase in costs incurred for environmental matters and qualified exit costs of $7.5 million and a decrease in net income of $4.7 million partially offset by a decrease in cash used to fund the seasonal increase in net working capital requirements and other adjustments. In the twelve month period from April 1, 2009 through March 31, 2010, the Company generated net operating cash of $855.6 million and invested $94.3 million in capital additions and improvements, reduced its total debt $42.5 million, purchased $533.8 million in treasury stock and paid $160.3 million in cash dividends to its shareholders of common stock.
Net Working Capital, Debt and Other Long-Term Assets and Liabilities
Cash and cash equivalents increased $21.8 million during the first three months of 2010. Cash requirements for normal seasonal increases in working capital, capital expenditures of $25.4 million, payments of cash dividends of $39.4 million and treasury stock purchases of $25.8 million were funded primarily by net cash from operations and net increase in short term borrowings of $222.8 million. At March 31, 2010, the Company’s current ratio was 1.25, a decrease from the current ratio of 1.27 at December 31, 2009 and an increase from 0.97 a year ago. The decrease in the current ratio was primarily due to the increase in short term borrowings since year-end, and the improvement over a year ago was due primarily to the year-over-year reduction in short term borrowings.
Goodwill and intangible assets decreased $6.0 million from December 31, 2009 and decreased $20.4 million from March 31, 2009. The net decrease during the first three months of 2010 was due primarily to amortization of $6.7 million. The net decrease over the twelve-month period from March 31, 2009 resulted from amortization of $26.2 million and impairments of $14.1 million that were partially offset by capitalization of software of $7.0 million and other adjustments, primarily currency translation rate changes of $14.2 million. See Note 5, on pages 51 to 53, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 for more information concerning goodwill and intangible assets.
Deferred pension assets increased $1.8 million during the first three months of 2010 and increased $32.3 million from March 31, 2009. The increase in the last twelve months was due primarily to an increase in the fair market value of equity securities held by the Company’s

25


Table of Contents

defined benefit pension plans. See Note 7, on pages 57 to 62, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 for more information concerning the Company’s benefit plan assets.
Net property, plant and equipment decreased $11.0 million in the first three months of 2010 and decreased $40.7 million in the twelve months since March 31, 2009. The reduction in the first quarter of 2010 was primarily due to capital expenditures of $25.4 million that were more than offset by depreciation expense of $33.1 million and changes in currency translation rates. Since March 31, 2009, capital expenditures of $94.3 million and currency translation rate changes of $12.2 million were more than offset by depreciation expense of $142.4 million and dispositions of assets with remaining net book value of $5.8 million. Capital expenditures during the first three months of 2010 primarily represented expenditures associated with improvements and normal equipment replacement in manufacturing and distribution facilities in the Consumer Group and normal equipment replacement in the Paint Stores and Global Finishes Groups.
Short-term borrowings related to the Company’s domestic commercial paper program outstanding were $182.7 million at an average rate of 0.22 percent at March 31, 2010. There were no borrowings under certain short-term revolving and letter of credit agreements at March 31, 2010. Short-term borrowings outstanding under various foreign programs at March 31, 2010 were $62.8 million with a weighted average interest rate of 4.1 percent. The Company had unused maximum borrowing availability of $317.3 million at March 31, 2010 under the commercial paper program that is backed by the Company’s revolving credit agreement and certain other revolving and letter of credit agreements. On March 30, 2010, the Company entered into a 364-day, €31.9 million (Euro) credit facility. The agreement will be used to finance the acquisition of the Sayerlack industrial wood coatings business. At March 31, 2010, the entire amount was outstanding. There were no significant changes in long-term debt during the first quarter 2010. See Note 8, on page 62 and 63, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 for more information concerning the Company’s debt.
Long-term liabilities for postretirement benefits other than pensions did not change significantly from December 31, 2009 and increased $34.8 million from March 31, 2009. The increase in the liability was due to the increase in the actuarially determined postretirement benefit obligation resulting from changes in actuarial assumptions and unfavorable claims experience. See Note 7, on pages 57 to 62, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 for more information concerning the Company’s benefit plan obligations.
Other long-term liabilities at March 31, 2010 increased $16.2 million in the first three months of 2010 and $67.8 million from a year ago due primarily to an increase of $12.9 million in non-current and deferred tax liabilities. The increase of $67.8 million from a year ago was due primarily to an increase in long-term commitments related to the affordable housing and historic renovation real estate properties of $55.7 million and an increase in non-current and deferred tax liabilities of $35.1 million partially offset by a reduction in long-term accruals for extended environmental-related liabilities of $31.4 million. See Note 1, on pages 44 to 50, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 for more information concerning the Company’s Non-traded investments.

26


Table of Contents

Environmental-Related Liabilities
The operations of the Company, like those of other companies in the same industry, are subject to various federal, state and local environmental laws and regulations. These laws and regulations not only govern current operations and products, but also impose potential liability on the Company for past operations. Management expects environmental laws and regulations to impose increasingly stringent requirements upon the Company and the industry in the future. Management believes that the Company conducts its operations in compliance with applicable environmental laws and regulations and has implemented various programs designed to protect the environment and promote continued compliance.
Depreciation of capital expenditures and other expenses related to ongoing environmental compliance measures were included in the normal operating expenses of conducting business. The Company’s capital expenditures, depreciation and other expenses related to ongoing environmental compliance measures were not material to the Company’s financial condition, liquidity, cash flow or results of operations during the first three months of 2010. Management does not expect that such capital expenditures, depreciation and other expenses will be material to the Company’s financial condition, liquidity, cash flow or results of operations in 2010.
The Company is involved with environmental investigation and remediation activities at some of its currently and formerly owned sites (including sites which were previously owned and/or operated by businesses acquired by the Company). In addition, the Company, together with other parties, has been designated a potentially responsible party under federal and state environmental protection laws for the investigation and remediation of environmental contamination and hazardous waste at a number of third-party sites, primarily Superfund sites. The Company may be similarly designated with respect to additional third-party sites in the future.
The Company accrues for estimated costs of investigation and remediation activities at its currently and formerly owned sites and third party sites for which commitments or clean-up plans have been developed and when such costs can be reasonably estimated based on industry standards and professional judgment. These estimated costs are based on currently available facts regarding each site. The Company accrues a specific estimated amount when such an amount and a time frame in which the costs will be incurred can be reasonably determined. If the best estimate of costs can only be identified as a range and no specific amount within that range can be determined more likely than any other amount within the range, the minimum of the range is accrued by the Company in accordance with applicable accounting rules and interpretations. The Company continuously assesses its potential liability for investigation and remediation activities and adjusts its environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated. At March 31, 2010 and 2009, the Company had accruals for environmental-related activities of $161.5 million and $180.8 million, respectively.
Due to the uncertainties of the scope and magnitude of contamination and the degree of investigation and remediation activities that may be necessary at certain currently or formerly owned sites and third party sites, it is reasonably likely that further extensive investigations may be required and that extensive remedial actions may be necessary not only on such sites but on adjacent properties. Depending on the extent of the additional investigations and remedial

27


Table of Contents

actions necessary, the Company’s ultimate liability may result in costs that are significantly higher than currently accrued. If the Company’s future loss contingency is ultimately determined to be at the maximum of the range of possible outcomes for every site for which costs can be reasonably estimated, the Company’s aggregate accruals for environmental-related activities would be $100.8 million higher than the accruals at March 31, 2010.
Four of the Company’s currently and formerly owned sites accounted for the majority of the accruals for environmental-related activities and the unaccrued maximum of the estimated range of possible outcomes at March 31, 2010. At March 31, 2010, $119.9 million, or 74.2 percent, related directly to these four sites. Of the aggregate unaccrued exposure at March 31, 2010, $61.9 million, or 61.4 percent, related to the four sites. While environmental investigations and remedial actions are in different stages at these sites, additional investigations, remedial actions and/or monitoring will likely be required at each site. A comprehensive description of the four currently and formerly owned sites that account for the majority of the accruals for environmental-related activities is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009. There have been no significant changes in the investigative or remedial status of the four sites since December 31, 2009.
Management cannot presently estimate the ultimate potential loss contingencies related to these four sites or other less significant sites until such time as a substantial portion of the investigative activities at each site is completed and remedial action plans are developed.
In accordance with the Asset Retirement Obligations Topic of the ASC, the Company has identified certain conditional asset retirement obligations at various current manufacturing, distribution and store facilities. These obligations relate primarily to asbestos abatement and closures of hazardous waste containment devices. Using investigative, remediation and disposal methods that are currently available to the Company, the estimated cost of these obligations is not significant.
In the event any future loss contingency significantly exceeds the current amount accrued, the recording of the ultimate liability may result in a material impact on net income for the annual or interim period during which the additional costs are accrued. Management does not believe that any potential liability ultimately attributed to the Company for its environmental-related matters or conditional asset retirement obligations will have a material adverse effect on the Company’s financial condition, liquidity, or cash flow due to the extended period of time during which environmental investigation and remediation takes place. An estimate of the potential impact on the Company’s operations cannot be made due to the aforementioned uncertainties.
Management expects these contingent environmental-related liabilities and conditional asset retirement obligations to be resolved over an extended period of time. Management is unable to provide a more specific time frame due to the indefinite amount of time to conduct investigation activities at any site, the indefinite amount of time to obtain governmental agency approval, as necessary, with respect to investigation and remediation activities, and the indefinite amount of time necessary to conduct remediation activities.

28


Table of Contents

Contractual Obligations, Commercial Commitments and Warranties
Short-term borrowings increased $222.8 million to $245.5 million at March 31, 2010 from $22.7 million at December 31, 2009. Total long-term debt increased $0.4 million to $795.3 million at March 31, 2010 from $794.9 million at December 31, 2009 and $312.7 million at March 31, 2009. See the Financial Condition, Liquidity and Cash Flow section of this report for more information. There have been no other significant changes to the Company’s contractual obligations and commercial commitments in the first quarter of 2010 as summarized in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.
Changes to the Company’s accrual for product warranty claims in the first three months of 2010 are disclosed in Note 5.
Contingent Liabilities
Life Shield Engineered Systems, LLC (Life Shield) is a wholly-owned subsidiary of the Company. Life Shield develops and manufactures blast and fragment mitigating systems and ballistic resistant systems. The blast and fragment mitigating systems and ballistic resistant systems create a potentially higher level of product liability for the Company (as an owner of and raw material supplier to Life Shield and as the exclusive distributor of Life Shield’s systems) than is normally associated with coatings and related products currently manufactured, distributed and sold by the Company.
Certain of Life Shield’s technology has been designated as Qualified Anti-Terrorism Technology and granted a Designation under the Support Anti-terrorism by Fostering Effective Technologies Act of 2002 (SAFETY Act) and the regulations adopted pursuant to the SAFETY Act. Under the SAFETY Act, the potentially higher level of possible product liability for Life Shield relating to the technology granted the Designation is limited to $6.0 million per occurrence in the event any such liability arises from an Act of Terrorism (as defined in the SAFETY Act). The limitation of liability provided for under the SAFETY Act does not apply to any technology not granted a designation or certification as a Qualified Anti-Terrorism Technology, nor in the event that any such liability arises from an act or event other than an Act of Terrorism. Life Shield maintains insurance for liabilities up to the $6.0 million per occurrence limitation caused by failure of its products in the event of an Act of Terrorism. This commercial insurance is also expected to cover product liability claims asserted against the Company as the distributor of Life Shield’s systems. The Company expects to seek Designation and Certification under the SAFETY Act for certain products supplied by the Company to Life Shield.
Management of the Company has reviewed the potential increased liabilities associated with Life Shield’s systems and determined that potential liabilities arising from an Act of Terrorism that could ultimately affect the Company will be appropriately insured or limited by current regulations. However, due to the uncertainties involved in the future development, usage and application of Life Shield’s systems, the number or nature of possible future claims and legal proceedings, or the affect that any change in legislation and/or administrative regulations may have on the limitations of potential liabilities, management cannot reasonably determine the scope or amount of any potential costs and liabilities for the Company related to Life Shield or to Life Shield’s systems. Any potential liability for the Company that may result from Life Shield

29


Table of Contents

or Life Shield’s systems cannot reasonably be estimated. However, based upon, among other things, the limitation of liability under the SAFETY Act in the event of an Act of Terrorism, management does not currently believe that the costs or potential liability ultimately determined to be attributable to the Company through its ownership of Life Shield, as a supplier to Life Shield or as a distributor of Life Shield’s systems arising from the use of Life Shield’s systems will have a material adverse effect on the Company’s results of operations, liquidity or financial conditions.
Litigation
In the course of its business, the Company is subject to a variety of claims and lawsuits, including litigation relating to product liability and warranty, personal injury, environmental, intellectual property, commercial, contractual and antitrust claims that are inherently subject to many uncertainties regarding the possibility of a loss to the Company. These uncertainties will ultimately be resolved when one or more future events occur or fail to occur confirming the incurrence of a liability or the reduction of a liability. In accordance with the Contingencies Topic of the ASC, the Company accrues for these contingencies by a charge to income when it is both probable that one or more future events will occur confirming the fact of a loss and the amount of the loss can be reasonably estimated. In the event that the Company’s loss contingency is ultimately determined to be significantly higher than currently accrued, the recording of the additional liability may result in a material impact on the Company’s results of operations, liquidity or financial condition for the annual or interim period during which such additional liability is accrued. In those cases where no accrual is recorded because it is not probable that a liability has been incurred and cannot be reasonably estimated, any potential liability ultimately determined to be attributable to the Company may result in a material impact on the Company’s results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. In those cases where no accrual is recorded or exposure to loss exists in excess of the amount accrued, the Contingencies Topic of the ASC requires disclosure of the contingency when there is a reasonable possibility that a loss or additional loss may have been incurred if even the possibility may be remote.
Lead pigment and lead-based paint litigation. The Company’s past operations included the manufacture and sale of lead pigments and lead-based paints. The Company, along with other companies, is and has been a defendant in a number of legal proceedings, including individual personal injury actions, purported class actions, and actions brought by various counties, cities, school districts and other government-related entities, arising from the manufacture and sale of lead pigments and lead-based paints. The plaintiffs’ claims have been based upon various legal theories, including negligence, strict liability, breach of warranty, negligent misrepresentations and omissions, fraudulent misrepresentations and omissions, concert of action, civil conspiracy, violations of unfair trade practice and consumer protection laws, enterprise liability, market share liability, public nuisance, unjust enrichment and other theories. The plaintiffs seek various damages and relief, including personal injury and property damage, costs relating to the detection and abatement of lead-based paint from buildings, costs associated with a public education campaign, medical monitoring costs and others. The Company is also a defendant in legal proceedings arising from the manufacture and sale of non-lead-based paints that seek recovery based upon various legal theories, including the failure to adequately warn of potential exposure to lead during surface preparation when using non-lead-based paint on

30


Table of Contents

surfaces previously painted with lead-based paint. The Company believes that the litigation brought to date is without merit or subject to meritorious defenses and is vigorously defending such litigation. The Company has not settled any lead pigment or lead-based paint litigation. The Company expects that additional lead pigment and lead-based paint litigation may be filed against the Company in the future asserting similar or different legal theories and seeking similar or different types of damages and relief.
Notwithstanding the Company’s views on the merits, litigation is inherently subject to many uncertainties, and the Company ultimately may not prevail. Adverse court rulings or determinations of liability, among other factors, could affect the lead pigment and lead-based paint litigation against the Company and encourage an increase in the number and nature of future claims and proceedings. In addition, from time to time, various legislation and administrative regulations have been enacted, promulgated or proposed to impose obligations on present and former manufacturers of lead pigments and lead-based paints respecting asserted health concerns associated with such products or to overturn the effect of court decisions in which the Company and other manufacturers have been successful.
Due to the uncertainties involved, management is unable to predict the outcome of the lead pigment and lead-based paint litigation, the number or nature of possible future claims and proceedings, or the effect that any legislation and/or administrative regulations may have on the litigation or against the Company. In addition, management cannot reasonably determine the scope or amount of the potential costs and liabilities related to such litigation, or resulting from any such legislation and regulations. The Company has not accrued any amounts for such litigation. Any potential liability that may result from such litigation or such legislation and regulations cannot reasonably be estimated. In the event any significant liability is determined to be attributable to the Company relating to such litigation, the recording of the liability may result in a material impact on net income for the annual or interim period during which such liability is accrued. Additionally, due to the uncertainties associated with the amount of any such liability and/or the nature of any other remedy which may be imposed in such litigation, any potential liability determined to be attributable to the Company arising out of such litigation may have a material adverse effect on the Company’s results of operations, liquidity or financial condition. An estimate of the potential impact on the Company’s results of operations, liquidity or financial condition cannot be made due to the aforementioned uncertainties.
Public nuisance claim litigation. The Company and other companies are or were defendants in legal proceedings seeking recovery based on public nuisance liability theories, among other theories, brought by the State of Rhode Island, the City of St. Louis, Missouri, various cities and counties in the State of New Jersey, various cities in the State of Ohio and the State of Ohio, the City of Milwaukee, Wisconsin and the County of Santa Clara, California and other public entities in the State of California. Except for the Santa Clara County, California proceeding, all of these legal proceedings have been concluded in favor of the Company and other defendants at various stages in the proceedings.
The proceedings initiated by the State of Rhode Island included two jury trials. The claim was originally tried to a jury in 2002 and the court declared a mistrial as the jury, which was split four to two in favor of the defendants, was unable to reach a unanimous decision. The State of Rhode

31


Table of Contents

Island retried the case and on February 22, 2006, the jury returned a verdict, finding that (i) the cumulative presence of lead pigment in paints and coatings on buildings in the State of Rhode Island constitutes a public nuisance, (ii) the Company, along with two other defendants, caused or substantially contributed to the creation of the public nuisance, and (iii) the Company and two other defendants should be ordered to abate the public nuisance. The Company and two other defendants appealed and, on July 1, 2008, the Rhode Island Supreme Court, among other determinations, reversed the judgment of abatement with respect to the Company and two other defendants. The Rhode Island Supreme Court’s decision reversed the public nuisance liability judgment against the Company on the basis that the complaint failed to state a public nuisance claim as a matter of law.
The Santa Clara County, California proceeding was initiated in March 2000 and purports to be a class action on behalf of all public entities in the State of California other than the State and its agencies. The plaintiffs’ asserted various claims including fraud and concealment, strict product liability/failure to warn, strict product liability/design defect, negligence, negligent breach of a special duty, public nuisance, private nuisance, and violations of California’s Business and Professions Code. A number of the asserted claims were resolved in favor of the defendants through pre-trial proceedings. On March 3, 2006, the Court of Appeal, Sixth Appellate District, among other determinations, reversed the dismissal of the public nuisance claim for abatement brought by the cities of Santa Clara and Oakland and the City and County of San Francisco, and affirmed the dismissal of the public nuisance claim for damages to the plaintiffs’ properties. The plaintiffs have filed a motion for leave to file a fourth amended complaint. On April 4, 2007, the trial court entered an order granting the defendants’ motion to bar payment of contingent fees to private attorneys. The plaintiffs appealed the trial court’s order and, on April 8, 2008, the California Court of Appeal reversed the trial court’s order. The defendants filed a petition for review with the California Supreme Court and the Supreme Court has decided to review the Court of Appeal’s decision. Proceedings in the trial court are stayed pending the appeal.
Litigation seeking damages from alleged personal injury. The Company and other companies are defendants in a number of legal proceedings seeking monetary damages and other relief from alleged personal injuries. These proceedings include claims by children allegedly injured from ingestion of lead pigment or lead-containing paint, claims for damages allegedly incurred by the children’s parents or guardians, and claims for damages allegedly incurred by professional painting contractors. These proceedings generally seek compensatory and punitive damages, and seek other relief including medical monitoring costs. These proceedings include purported claims by individuals, groups of individuals and class actions.
The plaintiff in Thomas v. Lead Industries Association, et al., initiated an action against the Company, other alleged former lead pigment manufacturers and the Lead Industries Association in September 1999. The claims against the Company and the other defendants include strict liability, negligence, negligent misrepresentation and omissions, fraudulent misrepresentation and omissions, concert of action, civil conspiracy and enterprise liability. Implicit within these claims is the theory of “risk contribution” liability (Wisconsin’s theory which is similar to market share liability) due to the plaintiff’s inability to identify the manufacturer of any product that allegedly injured the plaintiff. Following various pre-trial proceedings during which certain of the plaintiff’s claims were dismissed by the court, on March 10, 2003, the trial court granted the

32


Table of Contents

defendants’ motion for summary judgment, dismissing the case with prejudice and awarding costs to each defendant. The plaintiff appealed and, on June 14, 2004, the Wisconsin Court of Appeals affirmed the trial court’s decision. On July 15, 2005, the Wisconsin Supreme Court reversed in part the trial court’s decision and decided, assuming all of plaintiff’s facts in the summary judgment record to be true, that the risk contribution theory could then apply to excuse the plaintiff’s lack of evidence identifying any of the Company’s or the other defendant’s products as the cause of the alleged injury. The case was remanded to the trial court for further proceedings and a trial commenced on October 1, 2007. On November 5, 2007, the jury returned a defense verdict, finding that the plaintiff had ingested white lead carbonate, but was not brain damaged or injured as a result. The plaintiff filed post-trial motions for a new trial that was denied by the trial court. On March 4, 2008, final judgment was entered in favor of the Company and other defendants. The plaintiff has filed an appeal of the final judgment.
Wisconsin is the only jurisdiction to date to apply a theory of liability with respect to alleged personal injury (i.e., risk contribution/market share liability) that does not require the plaintiff to identify the manufacturer of the product that allegedly injured the plaintiff in the lead pigment and lead-based paint litigation.
Insurance coverage litigation. The Company and its liability insurers, including certain Underwriters at Lloyd’s of London, initiated legal proceedings against each other to determine, among other things, whether the costs and liabilities associated with the abatement of lead pigment are covered under certain insurance policies issued to the Company. An ultimate loss in the insurance coverage litigation would mean that insurance proceeds could be unavailable under the policies at issue to mitigate any ultimate abatement related costs and liabilities. The Company has not recorded any assets related to these insurance policies or otherwise assumed that proceeds from these insurance policies would be received in estimating any contingent liability accrual. Therefore, an ultimate loss in the insurance coverage litigation without a determination of liability against the Company in the lead pigment or lead-based paint litigation will have no impact on the Company’s results of operation, liquidity or financial condition. As previously stated, however, the Company has not accrued any amounts for the lead pigment or lead-based paint litigation and any significant liability ultimately determined to be attributable to the Company relating to such litigation may result in a material impact on the Company’s results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. The Company’s action, an Ohio state court action, has been stayed and the liability insurers action, a New York state court action, has been dismissed.
Shareholders’ Equity
Shareholders’ equity increased $4.2 million to $1.495 billion at March 31, 2010 from $1.491 billion at December 31, 2009 and decreased $86.8 million from $1.582 billion at March 31, 2009. The increase in Shareholders’ equity for the first three months of 2010 resulted primarily from increased other capital of $32.6 million resulting from stock option exercises and a decrease in Cumulative other comprehensive loss of $10.5 million primarily due to foreign currency translation effects of $6.5 million partially offset by the purchase of treasury stock of $25.8 million. Purchases of treasury stock for $533.8 million since March 31, 2009 more than offset an increase in retained earnings of $270.1 million and a decrease in Cumulative other comprehensive loss of $107.8 million in twelve months due primarily to favorable foreign

33


Table of Contents

currency translation effects. During the first three months of 2010, the Company purchased 400,000 shares of its common stock for treasury purposes through open market purchases. The Company purchased 8.90 million shares of its common stock since March 31, 2009 for treasury. The Company acquires its common stock for general corporate purposes and, depending on its cash position and market conditions it may acquire additional shares in the future. The Company had remaining authorization at March 31, 2010 to purchase 10.35 million shares of its common stock.
Total increases in common stock and other capital of $33.4 million during the first three months of 2010 and $76.8 million during the last twelve months were due primarily to the recognition of stock-based compensation expense and stock option exercises. Retained earnings decreased $6.8 million during the first three months due to cash dividends of $39.4 million exceeding net income after taxes of $32.6 million and increased $270.1 million from March 31, 2009 due to net income that was only partially offset by $160.3 million in cash dividends paid. At a meeting held on April 20, 2010, the Board of Directors increased the quarterly cash dividend from $.355 per common share to $.36 per common share. This quarterly dividend, if approved in each of the remaining quarters of 2010, would result in an annual dividend for 2010 of $1.44 per common share or a 38.1 percent payout of 2009 diluted net income per common share. The Board of Directors considered the increase in the proposed cash dividend payout for 2010 appropriate, representing a percentage payout of 2009 diluted net income per common share exceeding 30.0 percent, in respect to the Net operating cash achieved by the Company and the anticipated short-term negative impact on the Company’s earnings of the current economic malaise.
Cash Flow
Net operating cash decreased $3.5 million in the first three months of 2010 to a cash usage of $115.8 million from a cash usage of $112.3 million in 2009 primarily due to an increase in costs incurred for environmental-related matters and qualified exit costs of $7.5 million and a decrease in net income of $4.7 million partially offset by a decrease in cash used to fund the seasonal increase in net working capital requirements and other adjustments. In the twelve month period from April 1, 2009 through March 31, 2010, the Company generated net operating cash of $855.6 million and invested $94.3 million in capital additions and improvements, reduced its total debt $42.5 million, purchased $533.8 million in treasury stock and paid $160.3 million in cash dividends to its shareholders of common stock.
Market Risk
The Company is exposed to market risk associated with interest rate, foreign currency and commodity fluctuations. The Company occasionally utilizes derivative instruments as part of its overall financial risk management policy, but does not use derivative instruments for speculative or trading purposes. In the first three months of 2010, the Company entered into option and forward currency exchange contracts with maturity dates of less than twelve months to hedge against value changes in foreign currency. The Company also entered into swaps in the first three months of 2010 to partially hedge forecasted future commodity purchases. These hedging contracts were designated as cash flow hedges and were insignificant at March 31, 2010. The Company believes it may be exposed to continuing market risk from foreign currency exchange rate and commodity price fluctuations. However, the Company does not expect that foreign

34


Table of Contents

currency exchange rate and commodity price fluctuations or hedging contract losses will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.
Financial Covenant
Certain borrowings contain a consolidated leverage covenant. The covenant states the Company’s leverage ratio is not to exceed 3.00 to 1.00. The leverage ratio is defined as the ratio of total indebtedness (the sum of Short-term borrowings, Current portion of long-term debt and Long-term debt) at the reporting date to consolidated “Earnings Before Interest, Taxes, Depreciation, and Amortization” (EBITDA) for the 12-month period ended on the same date. Refer to the “Results of Operations” caption below for a reconciliation of EBITDA to Net income. At March 31, 2010, the Company was in compliance with the covenant. The Company’s Notes, Debentures and revolving credit agreements contain various default and cross-default provisions. In the event of default under any one of these arrangements, acceleration of the maturity of any one or more of these borrowings may result. See Note 8, on page 62 and 63, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009 for more information concerning the Company’s debt and related covenant.
RESULTS OF OPERATIONS
Shown below are net sales and the percentage change for the first quarter by segment:
                         
(thousands of dollars)   2010     Change     2009  
Three Months Ended March 31:
                       
Paint Stores Group
  $ 850,912       -5.3 %   $ 898,408  
Consumer Group
    292,149       1.4 %     288,152  
Global Finishes Group
    421,099       16.2 %     362,511  
Administrative
    1,322       -17.7 %     1,606  
 
                 
Net sales
  $ 1,565,482       1.0 %   $ 1,550,677  
 
                 
Consolidated net sales increased in the first quarter of 2010 due primarily to favorable foreign currency translation rate changes offset by a decline in domestic paint sales volume.
Net sales of all consolidated foreign subsidiaries were up 28.2 percent to $281.7 million in the quarter versus $219.8 million in the same period last year. The increases in net sales for all consolidated foreign subsidiaries in the quarter were due primarily to an 18.0 percent positive impact of foreign currency translation rate changes and increased paint volume sales. Net sales of all operations other than consolidated foreign subsidiaries were down 3.5 percent to $1.28 billion in the quarter as compared to $1.33 billion in the same period last year.
Net sales in the Paint Stores Group decreased 5.3 percent in the quarter to $850.9 million due primarily to a decline in paint sales volume and corresponding weakness in non-paint sales. Net sales from stores open for more than twelve calendar months decreased 5.4 percent in the first three months over last year’s comparable period. Total paint sales volume percentage decreases were in the middle single digits for the quarter as compared to the first quarter last year. Sales of non-paint products decreased by 3.2 percent compared to last year’s first quarter. A discussion of

35


Table of Contents

changes in volume versus pricing for sales of products other than paint is not pertinent due to the wide assortment of general merchandise sold.
Net sales of the Consumer Group increased 1.4 percent to $292.1 million in the quarter due primarily to new product introductions partially offset by soft DIY demand at some of the Segment’s retail customers.
Net sales in the Global Finishes Group stated in U.S. dollars increased 16.2 in the quarter to $421.1 million due primarily to favorable currency translation rate changes of 10.3 percent and increased paint volume sales.
Shown below are segment profit and the percent change for the first quarter by segment:
                         
(thousands of dollars)   2010     Change     2009  
Three Months Ended March 31:
                       
Paint Stores Group
  $ 47,755       -15.6 %   $ 56,580  
Consumer Group
    37,466       24.0 %     30,204  
Global Finishes Group
    23,003       333.6 %     5,305  
Administrative
    (48,766 )     18.4 %     (41,196 )
 
                 
Income before income taxes
  $ 59,458       16.8 %   $ 50,893  
 
                 
Consolidated income before income taxes was favorably impacted by an increase in gross profit of $11.4 million in the first quarter of 2010 compared to the same period in 2009. As a percent of sales, consolidated gross profit increased to 44.2 percent in the quarter from 43.9 percent in the first quarter of 2009. The dollar increase and increase as a percent to sales were due primarily to increased sales, favorable currency translation rate changes, and cost control efforts primarily in the Consumer Group partially offset by increasing raw material costs. Selling, general and administrative expenses (SG&A) increased $4.0 million in the first quarter of 2010 versus last year due primarily to good expense control throughout the Company that was more than offset by favorable currency translation rate changes that increased SG&A. As a percent of sales, consolidated SG&A decreased to 39.1 percent in the quarter from 39.3 percent in the first quarter of 2009.
The Paint Stores Group’s gross profit in the first quarter was lower than last year by $24.6 million due to lower sales. The Paint Stores Group’s gross profit margins in the quarter were flat compared to the first quarter last year. The Consumer Group’s gross profit increased from last year by $6.2 million in the quarter due primarily to good cost control efforts and cost savings realized from prior year plant rationalizations partially offset by increasing raw material costs and reduced fixed cost absorption from lower manufacturing and distribution volume. The Consumer Group’s gross profit margins were up 1.7 percent of sales compared to the comparable period last year. The Global Finishes Group’s gross profit increased $31.9 million in the first quarter when stated in U.S. dollars due primarily to favorable currency translation rate changes of $14.1 million and increased paint sales volume. The Global Finishes Group’s gross profit margins in the quarter were up 2.8 percent of sales compared to the first quarter last year.

36


Table of Contents

The Paint Stores and Consumer Groups’ SG&A decreased $11.6 million and $1.3 million, respectively, in the first three months due primarily to good expense control. The Global Finishes Group’s SG&A increased $8.8 million in the quarter relating primarily to currency translation rate changes of $8.6 million in the quarter.
The Administrative Segment expenses in the first quarter of 2010 increased $7.6 million over 2009 due primarily to an increase of $11.9 million in compensation, including stock based compensation expense, and administration expenses included in SG&A partially offset by a reduction in provisions for environmental-related matters of $4.3 million included in Other general expense — net.
Consolidated income before income taxes increased $8.6 million in the first quarter of 2010 due primarily to the higher segment profits of the Global Finishes and Consumer Groups partially offset by a reduction in profits of the Paint Stores Group and an increase in administrative expenses.
The effective income tax rate for the first quarter of 45.2 percent, including a one-time increase in income tax expense of $11.4 million or 19.2 percent effective income tax rate relating to the Acts, was higher than the effective tax rate for the first quarter of 2009 of 26.7 percent.
Net income for the quarter decreased $4.7 million to $32.6 million from $37.3 million in the first quarter of 2009. Diluted net income per common share in the quarter, including a one-time increase in income tax expense of $.10 per share relating to the Acts, decreased 6.3 percent to $.30 per share from $.32 per share in the first quarter of 2009 partially offset by the impact of the reduction of 8.1 million shares in the diluted average shares and equivalents outstanding from the comparable periods of 2009.

37


Table of Contents

Management considers a measurement that is not in accordance with U.S. generally accepted accounting principles a useful measurement of the operational profitability of the Company. Some investment professionals also utilize such a measurement as an indicator of the value of profits and cash that are generated strictly from operating activities, putting aside working capital and certain other balance sheet changes. For this measurement, management increases net income for significant non-operating and non-cash expense items to arrive at an amount known as “Earnings Before Interest, Taxes, Depreciation and Amortization” (EBITDA). The reader is cautioned that the following value for EBITDA should not be compared to other entities unknowingly. EBITDA should not be considered an alternative to net income or cash flows from operating activities as an indicator of operating performance or as a measure of liquidity. The reader should refer to the determination of net income and cash flows from operating activities in accordance with U. S. generally accepted accounting principles disclosed in the Statements of Consolidated Income and Statements of Consolidated Cash Flows. EBITDA as used by management is calculated as follows:
                 
    Three Months Ended  
    March 31,  
(thousands of dollars)   2010     2009  
Net income
  $ 32,603     $ 37,279  
Interest expense
    11,570       12,202  
Income taxes
    26,855       13,614  
Depreciation
    33,103       35,883  
Amortization
    6,747       6,228  
 
           
EBITDA
  $ 110,878     $ 105,206  
 
           

38


Table of Contents

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this report constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based upon management’s current expectations, estimates, assumptions and beliefs concerning future events and conditions and may discuss, among other things, anticipated future performance (including sales and earnings), expected growth, future business plans and the costs and potential liability for environmental-related matters and the lead pigment and lead-based paint litigation. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “expects,” “anticipates,” “believes,” “will,” “will likely result,” “will continue,” “plans to” and similar expressions. Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company, that could cause actual results to differ materially from such statements and from the Company’s historical results and experience.
These risks, uncertainties and other factors include such things as: (a) the duration and severity of the current negative global economic and financial conditions; (b) general business conditions, strengths of retail and manufacturing economies and the growth in the coatings industry; (c) competitive factors, including pricing pressures and product innovation and quality; (d) changes in raw material and energy supplies and pricing; (e) changes in the Company’s relationships with customers and suppliers; (f) the Company’s ability to attain cost savings from productivity initiatives; (g) the Company’s ability to successfully integrate past and future acquisitions into its existing operations, as well as the performance of the businesses acquired; (h) risks and uncertainties associated with the Company’s ownership of Life Shield Engineered Systems LLC; (i) changes in general domestic economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions, and changing governmental policies, laws and regulations; (j) risks and uncertainties associated with the Company’s expansion into and its operations in Asia, Mexico and South America and other foreign markets, including general economic conditions, inflation rates, recessions, foreign currency exchange rates, foreign investment and repatriation restrictions, legal and regulatory constraints, civil unrest and other external economic and political factors; (k) the achievement of growth in developing markets, such as Asia, Mexico and South America; (l) increasingly stringent domestic and foreign governmental regulations including those affecting health, safety and the environment; (m) inherent uncertainties involved in assessing the Company’s potential liability for environmental-related activities; (n) other changes in governmental policies, laws and regulations, including changes in accounting policies and standards and taxation requirements (such as new tax laws and new or revised tax law interpretations); (o) the nature, cost, quantity and outcome of pending and future litigation and other claims, including the lead pigment and lead-based paint litigation, and the effect of any legislation and administrative regulations relating thereto; and (p) unusual weather conditions.

39


Table of Contents

Readers are cautioned that it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results and that the above list should not be considered to be a complete list. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

40


Table of Contents

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The Company is exposed to market risk associated with interest rate, foreign currency and commodity fluctuations. The Company occasionally utilizes derivative instruments as part of its overall financial risk management policy, but does not use derivative instruments for speculative or trading purposes. The Company enters into option and forward currency exchange contracts and commodity swaps to hedge against value changes in foreign currency and commodities. The Company believes it may experience continuing losses from foreign currency translation and commodity price fluctuations. However, the Company does not expect currency translation, transaction, commodity price fluctuations or hedging contract losses to have a material adverse effect on the Company’s financial condition, results of operations or cash flows. There were no material changes in the Company’s exposure to market risk since the disclosure included in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.

41


Table of Contents

Item 4. CONTROLS AND PROCEDURES
As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our Chairman and Chief Executive Officer and our Senior Vice President — Finance and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15 and Rule 15d-15 of the Securities Exchange Act of 1934, as amended (“Exchange Act”). Based upon that evaluation, our Chairman and Chief Executive Officer and our Senior Vice President — Finance and Chief Financial Officer concluded that as of the end of the period covered by this report our disclosure controls and procedures were effective to ensure that information required to be disclosed by us in reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms, and accumulated and communicated to our management including our Chairman and Chief Executive Officer and Our Senior Vice President — Finance and Chief Financial Officer, to allow timely decisions regarding required disclosure.
There were no changes in our internal control over financial reporting identified in connection with the evaluation that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

42


Table of Contents

PART II. OTHER INFORMATION
Item 1. Legal Proceedings.
For information with respect to certain environmental-related matters and legal proceedings, see the information included under the captions entitled “Environmental-Related Liabilities” and “Litigation” of “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and Notes 8 and 9 of the “Notes to Condensed Consolidated Financial Statements,” which is incorporated herein by reference.

43


Table of Contents

Item 2. Unregistered Sales of Securities and Use of Proceeds.
A summary of the repurchase activity for the Company’s first quarter is as follows:
                                 
                    Number of     Number of  
                    Shares     Shares That  
    Total Number             Purchased as     May Yet Be  
    of Shares     Average Price     Part of a Publicly     Purchased  
Period   Purchased     Paid Per Share     Announced Plan     Under the Plan  
January 1 — January 31
                               
Share repurchase program
                            10,750,000  
 
                               
February 1 — February 28
                               
Share repurchase program (1)
    72,100     $ 62.97       72,100       10,677,900  
Employee transactions (2)
    100,974     $ 65.21             NA
 
                               
March 1 — March 31
                               
Share repurchase program (1)
    327,900     $ 64.75       327,900       10,350,000  
Employee transactions (2)
    7,691     $ 64.98             NA
 
                       
 
                               
Total
                               
Share repurchase program (1)
    400,000     $ 64.43       400,000       10,350,000  
Employee transactions (2)
    108,665     $ 65.19             NA
 
(1)   All shares were purchased through the Company’s publicly announced share repurchased program. On October 19, 2007, the Board of Directors of the Company authorized the Company to purchase, in the aggregate, 30.0 million shares of its common stock and rescinded the previous authorization limit. The Company had remaining authorization at March 31, 2010 to purchase 10,350,000 shares. There is no expiration date specified for the program. The Company intends to repurchase stock under the program in the future.
 
(2)   All shares were delivered to satisfy the exercise price and/or tax withholding obligations by employees who exercised stock options or had shares of restricted stock vest.

44


Table of Contents

Item 5. Other Information.
During the fiscal quarter ended March 31, 2010, the Audit Committee of the Board of Directors of the Company approved non-audit services to be performed by Ernst & Young LLP, the Company’s independent registered public accounting firm. These non-audit services were approved within categories related to domestic advisory and compliance services, foreign tax consulting and advisory services and foreign advisory and compliance services.

45


Table of Contents

Item 6. Exhibits.
     
4(a)
  Credit Agreement, dated as of January 8, 2010, among Sherwin-Williams, the lenders party thereto, JPMorgan Chase Bank, N.A. and Citibank, N.A., as co-documentation agents, Bank of America, N.A., as administrative agent, and Wells Fargo Bank, N.A., as syndication agent, filed as Exhibit 4.1 to Sherwin-Williams’ Current Report on Form 8-K dated January 8, 2010, and incorporated herein by reference.
 
   
10(a)
  Form of Restricted Stock Grant (Performance and Time-Based) under The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan filed as Exhibit 10(a) to Sherwin- Williams’ Current Report on Form 8-K dated February 16, 2010, and incorporated herein by reference.
 
   
31(a)
  Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer (filed herewith).
 
   
31(b)
  Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer (filed herewith).
 
   
32(a)
  Section 1350 Certification of Chief Executive Officer (filed herewith).
 
   
32(b)
  Section 1350 Certification of Chief Financial Officer (filed herewith).
 
   
101.INS
  XBRL Instance Document
 
   
101.SCH
  XBRL Taxonomy Extension Schema Document
 
   
101.PRE
  XBRL Taxonomy Extension Presentation Linkbase Document
 
   
101.CAL
  XBRL Taxonomy Extension Calculation Linkbase Document
 
   
101.LAB
  XBRL Taxonomy Extension Label Linkbase Document
 
   

46


Table of Contents

Signatures
     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
         
  THE SHERWIN-WILLIAMS COMPANY
 
 
April 28, 2010  By:   /s/ J.L. Ault    
    J.L. Ault   
    Vice President-Corporate Controller   
 
     
April 28, 2010  By:   /s/ L.E. Stellato    
    L.E. Stellato   
    Senior Vice President, General Counsel and Secretary   

47


Table of Contents

         
INDEX TO EXHIBITS
     
Exhibit No.   Exhibit Description
4(a)
  Credit Agreement, dated as of January 8, 2010, among Sherwin-Williams, the lenders party thereto, JPMorgan Chase Bank, N.A. and Citibank, N.A., as co-documentation agents, Bank of America, N.A., as administrative agent, and Wells Fargo Bank, N.A., as syndication agent, filed as Exhibit 4.1 to Sherwin-Williams’ Current Report on Form 8-K dated January 8, 2010, and incorporated herein by reference.
 
   
10(a)
  Form of Restricted Stock Grant (Performance and Time-Based) under The Sherwin-Williams Company 2006 Equity and Performance Incentive Plan filed as Exhibit 10(a) to Sherwin- Williams’ Current Report on Form 8-K dated February 16, 2010, and incorporated herein by reference.
 
   
31(a)
  Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer (filed herewith).
 
   
31(b)
  Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer (filed herewith).
 
   
32(a)
  Section 1350 Certification of Chief Executive Officer (filed herewith).
 
   
32(b)
  Section 1350 Certification of Chief Financial Officer (filed herewith).
 
   
101.INS
  XBRL Instance Document
 
   
101.SCH
  XBRL Taxonomy Extension Schema Document
 
   
101.PRE
  XBRL Taxonomy Extension Presentation Linkbase Document
 
   
101.CAL
  XBRL Taxonomy Extension Calculation Linkbase Document
 
   
101.LAB
  XBRL Taxonomy Extension Label Linkbase Document
 
   

48

EX-31.A 2 l39490exv31wa.htm EX-31.A exv31wa
EXHIBIT 31(a)
CERTIFICATION
I, Christopher M. Connor, certify that:
1.   I have reviewed this quarterly report on Form 10-Q of The Sherwin-Williams Company;
 
2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
  a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
  b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
  c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
  d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 


 

5.   The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
  a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
 
  b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
     
Date: April 28, 2010  /s/ Christopher M. Connor    
  Christopher M. Connor   
  Chairman and Chief Executive Officer   

 

EX-31.B 3 l39490exv31wb.htm EX-31.B exv31wb
         
EXHIBIT 31(b)
CERTIFICATION
I, Sean P. Hennessy, certify that:
1.   I have reviewed this quarterly report on Form 10-Q of The Sherwin-Williams Company;
 
2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
  a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
  b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
  c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
  d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 


 

5.   The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
  a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
 
  b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
         
     
Date: April 28, 2010  /s/ Sean P. Hennessy    
  Sean P. Hennessy   
  Senior Vice President – Finance and Chief Financial Officer  
 

 

EX-32.A 4 l39490exv32wa.htm EX-32.A exv32wa
EXHIBIT 32(a)
SECTION 1350 CERTIFICATION
CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
     In connection with the Quarterly Report on Form 10-Q of The Sherwin-Williams Company (the “Company”) for the period ended March 31, 2010 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Christopher M. Connor, Chairman and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
         
     
Dated: April 28, 2010  /s/ Christopher M. Connor    
  Christopher M. Connor   
  Chairman and Chief Executive Officer   
 
A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to The Sherwin-Williams Company and will be retained by The Sherwin-Williams Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

EX-32.B 5 l39490exv32wb.htm EX-32.B exv32wb
EXHIBIT 32(b)
SECTION 1350 CERTIFICATION
CERTIFICATION OF CHIEF FINANCIAL OFFICER
PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002
     In connection with the Quarterly Report on Form 10-Q of The Sherwin-Williams Company (the “Company”) for the period ended March 31, 2010 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Sean P. Hennessy, Senior Vice President – Finance and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:
(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
         
     
Dated: April 28, 2010  /s/ Sean P. Hennessy    
  Sean P. Hennessy   
  Senior Vice President – Finance and Chief Financial Officer  
 
A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to The Sherwin-Williams Company and will be retained by The Sherwin-Williams Company and furnished to the Securities and Exchange Commission or its staff upon request.

 

EX-101.INS 7 shw-20100331.xml EX-101 INSTANCE DOCUMENT 0000089800 2009-03-31 0000089800 2009-12-31 0000089800 2010-03-31 0000089800 2009-06-30 0000089800 2009-01-01 2009-03-31 0000089800 2010-01-01 2010-03-31 0000089800 2008-12-31 iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares 1565482000 873514000 691968000 44.2 612875000 39.1 11570000 639000 -6798000 59458000 26855000 32603000 0.30 0.30 107959598 110247174 1550677000 870071000 680606000 43.9 608848000 39.3 12202000 636000 1106000 50893000 13614000 37279000 0.32 0.32 115946629 118029772 1906000 10405000 91173000 797816000 42245000 785640000 69329000 696055000 673244000 630683000 734168000 114072000 107805000 104648000 738488000 121276000 144871000 1770019000 1014825000 279413000 245301000 195612000 85166000 600687000 1512218000 23086000 2221157000 1402472000 818685000 4323855000 787316000 121142000 152951000 1950398000 1014911000 273377000 247145000 215593000 84408000 594858000 1514084000 24954000 2218304000 1410582000 807722000 4509146000 85383000 585175000 1521639000 21743000 2213940000 1365471000 848469000 4412356000 1009069000 299629000 214816000 132684000 838816000 97676000 143312000 1907689000 245474000 705309000 140900000 62408000 12180000 391471000 1557742000 783082000 284228000 388948000 229453000 216753000 216753000 1101594000 4511663000 4040580000 -306984000 1495146000 4509146000 22674000 674766000 176538000 76499000 12267000 430924000 1393668000 782670000 283784000 372783000 228647000 216753000 216753000 1068963000 4518428000 4007633000 -317455000 1490950000 4323855000 765130000 629965000 127151000 51436000 14988000 373482000 1962152000 297754000 249384000 321107000 227793000 216753000 216753000 1026439000 4241586000 3499045000 -414814000 1581959000 4412356000 109735117 216753 109436869 216753 117092100 216753 1.00 1.00 1.00 0.00 0.00 0.00 33103000 6747000 10512000 164000 1937000 4314000 600000 6252000 206444000 12000000 -4461000 -10855000 -115818000 25423000 0 520000 17635000 -42538000 222894000 882000 39368000 19746000 3123000 25771000 -5960000 175546000 4654000 21844000 8513000 12738000 35883000 6228000 2352000 6384000 6201000 9004000 700000 4002000 208088000 6634000 -2345000 3234000 -112268000 22436000 13018000 274000 15422000 -50602000 249587000 -6624000 41643000 6907000 1407000 22310000 -4275000 183049000 -4146000 16033000 12661000 18393000 26212000 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">THE SHERWIN-WILLIAMS COMPANY AND SUBSIDIARIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Periods ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font- family:Times New Roman;font-size:12pt;">2009</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">1</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;BASIS OF PRESENTATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the informat ion and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">There have been no significant changes in critical accounting policies since </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">. Accounting estimates were revised as necessary during the first </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months of </font><font style="font-family:Times New Roman;font-size:12pt;">2010< ;/font><font style="font-family:Times New Roman;font-size:12pt;"> based on new information and changes in facts and circumstances. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In March 2010, the President signed into law the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The Acts eliminate the tax deduction previously allowed for the Medicare Part D subsidy beginning in years after December 31, 2012. The Company recognized the deferred tax effects of the reduced deductibility of the subsidy during the first quarter. The resulting one-time increase in income taxes of $11.4 million reduced first quarter basic and diluted earnings per share by $0.11 and $0.10, respectively. See Note 11. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>& #160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company uses the last-in, first-out (LIFO) method of valuing inventory. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management's estimates of expected year-end inventory levels and costs are subject to the final year-end LIFO inventory valuation. In addition, interim inventory levels include management's estimates of annual inventory losses due to shrinkage and other factors. The final year-end valuation of inventory is based on an annual physical inventory count performed during the fourth quarter. For further information on inventory valuations and other matters, refer to the consolidated financial statements and footnotes thereto included in the Company's Form 10-K for the year ended </font><fo nt style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The consolidated results for the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> are not necessarily indicative of the results to be expected for the year ending </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">.</font>< /p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">2</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In February 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2010-11, which amends the Subsequent Events Topic of the Accounting Standards Codification (ASC) to eliminate the requirement for public companies to disclose the date through which subsequent events have been evaluated. The Company will continue to evaluate subsequent events through the date of the issuance of the financial statements, however, consistent with the guidance, this date will no longer be disclosed. ASU 2010-11 does not have any impact on the Company's results of operations, financial condition or liquidity. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Effective January 1, 2010, the Company adopted FAS No. 166, "Accounting for Transfers of Financial Assets" (now codified in the Transfers and Servicing Topic of the ASC) and FAS No. 167, "Amendments to FASB Interpretation (FIN) No. 46(R)" (now codified in the Consolidation Topic of the ASC). FAS No. 166 removes the concept of a qualifying special-purpose entity (SPE) from FAS No. 140 and eliminates the exception for qualifying SPEs from the consolidation guidance of FIN No. 46(R). FAS No. 167 changes the analysis that must be performed to determine the primary beneficiary of a variable interest entity (VIE), amends certain guidance in FIN No. 46(R) for determining whether an entity is a VIE and requires enhanced disclosures about involvement with VIEs. The statements do not have a significant impact on the Company's results of operations, financial condition, liquidity or disclosures.</font></p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">3</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;DIVIDENDS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Dividends paid on common stock during </font><font style="font-family:Times New Roman;font-size:12pt;">the first quarter</font><font style="font-family:Times New Roman;font-size:12pt;"> of </font><font style="font-family:Times New Roman;font-size:12pt;">2010</font><font style="font-family:Times New Roman;fo nt-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> were $</font><font style="font-family:Times New Roman;font-size:12pt;">0.360</font><font style="font-family:Times New Roman;font-size:12pt;"> per common share and $</font><font style="font-family:Times New Roman;font-size:12pt;">0.355</font><font style="font-family:Times New Roman;font-size:12pt;"> per common share, respectively.</font></p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">4</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;COMPREHENSIVE INCOME</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Comprehensive income is summarized as follows</font><font style="font-family:Times New Roman;font-size:12pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">(Thousands of dollars)</font><font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 189px; text-align:center;border-color:#000000;min-width:189px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 189px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:189px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,&l t;/font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr&g t;<tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income</font><font style="font-si ze: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 32,603</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 37,279</font></td> </tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Foreign currency translation adjustments</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 6,486</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (8,881)</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of net prior service costs and net</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"& gt;<td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> actuarial losses, net of taxes</font><font style="font-size: 7pt;"><sup> (1)</sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,651</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000 ;"> 4,639</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Adjustments of marketable equity securities </font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 267px; text-align:l eft;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> and derivative instruments used in cash </font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #0000 00;TEXT-ALIGN: left;"> flow hedges, net of taxes</font><font style="font-size: 7pt;"><sup> (2)</sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 333</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 45</font></td></tr><tr style="height: 18px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Comprehensive income</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 43,073</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;b order-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 33,082</font></td></tr><tr style="height: 18px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#0 00000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">(1) The tax effect of amortization of net prior service costs and net actuarial losses was $</font><font style="font-family:Times New Roman;font-size:9pt;">1,716</font><font style="font-family:Times New Roman;font-size:9pt;"> and $</font><font style="font-family:Times New Roman;font-size:9pt;">(2,890)</font><font style="font-family:Times New Roman;font-size:9pt;"> for the </font><font style="font-family:Times New Roman;font-size:9pt;">three</font><font style="font-family:Times New Roman;font-size:9pt;"> months ended </font><font style="font-family:Times New Roman;font-size:9pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:9pt;"> and </font><font style="font-family:Times New Roman;font-size:9pt;">2009</font><font style="font-family:Times New Roman;font-size:9pt;">, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style ='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">(2) The tax effect of adjustments of marketable equity securities and derivative instruments used in cash flow hedges was $</font><font style="font-family:Times New Roman;font-size:9pt;">(213)</font><font style="font-family:Times New Roman;font-size:9pt;"> and $</font><font style="font-family:Times New Roman;font-size:9pt;">(35)</font><font style="font-family:Times New Roman;font-size:9pt;"> for the </font><font style="font-family:Times New Roman;font-size:9pt;">three</font><font style="font-family:Times New Roman;font-size:9pt;"> months ended </font><font style="font-family:Times New Roman;font-size:9pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:9pt;"> and </font><font style="font-family:Times New Roman;font-size:9pt;">2009, respectively</font>< font style="font-family:Times New Roman;font-size:9pt;">.</font></p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">5</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;PRODUCT WARRANTIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Changes in the Company's accrual for product warranty claims during the first </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months of </font><font style="font-family:Times New Roman;font-size:12pt;"> ;2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">, including customer satisfaction settlements, were as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(Thousands of dollars)</font></td><td colspan="2" style="width: 81px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:81px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #0 00000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td> <td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Balance at January 1</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 22,214</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"><font style="FO NT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 18,029</font></td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Charges to expense</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 4,108</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text- align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 4,297</font></td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Settlements </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> (4,822)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> (4,632)</font></td></tr><tr style="height: 21px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Balance at March 31</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bo ttom-width:3px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 21,500</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 17,694</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p styl e='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For further details on the Company's accrual for product warranty claims, see Note 1 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p> <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">6</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;EXIT OR DISPOSAL ACTIVITIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Liabilities associated with exit or disposal activities are recognized as incurred in accordance with the Exit or Disposal Cost Obligations Topic of the ASC. Qualified exit costs primarily include post-closure rent expenses, increme ntal post-closure costs and costs of employee terminations. Adjustments may be made to liabilities accrued for qualified exit costs if information becomes available upon which more accurate amounts can be reasonably estimated. Concurrently, property, plant and equipment is tested for impairment in accordance with the Property, Plant and Equipment Topic of the ASC, and if impairment exists, the carrying value of the related assets is reduced to estimated fair value. Additional impairment may be recorded for subsequent revisions in estimated fair value. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;fon t-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, </font><font style="font-family:Times New Roman;font-size:12pt;">3</font><font style="font-family:Times New Roman;font-size:12pt;"> stores in the Paint Stores Group were closed due to lower demand or redundancy. During the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, amounts charged to SG&amp;A included qualified exit costs of $.01 million related to </font><font style="font-family:Times New Roman;font-size:12pt;">3</font><font style="font-family:Times New Roman;font-size:12pt;"> closed stores, and amounts charged to Cost of goods sold included $.4 million for severance costs related to a Consumer Group manufacturing facility closed during 2009. Adjustments to prior provisions of $.3 million related to Global Finishes Group facilities closed during 2009 were recorded in Other general expense &#8211; net in the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The following table summarizes the activity and remaining liabilities associated with qualified exit costs for the </font ><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td>< ;td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width :59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td ><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Actual</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Adjustments to</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9 px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Balance at</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times N ew Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Provisions in</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">expenditures</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">prior provisions</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Ti mes New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Balance at</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Cost of goods</f ont></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">charged to</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">in Other general</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</fo nt></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Exit Plan</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-al ign:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">sold or SG&amp;A</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">accrual</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">expense - net</font></td><td style="width: 9px; text-align:center;bord er-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group stores shutdown in 2010:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width: 59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 7</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">& ;#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 7</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><t d style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-w idth:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group stores shutdown in 2009:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color :#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style=" width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FON T-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">3,213</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><fo nt style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> (331)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 2,882</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr>< ;tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-al ign:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7p t;COLOR: #000000;">Consumer Group manufacturing facilities shutdown in 2009:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000; min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Severanc e and related costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">4,532</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">429</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160 ;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(2,119)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times N ew Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,842</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,258</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td& gt;<td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(64)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:lef t;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,194</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;bo rder-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td>< td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Global Finishes Group manufacturing facility and branches </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px ;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; t ext-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">shutdown in 2009:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align :center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160; </td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Severance and related costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">204</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width :9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(92)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; te xt-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(16)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">96</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td&g t;<td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">3,703</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right ;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(357)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(256)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TE XT-ALIGN: right;">3,090</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width: 9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13p x"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group manufacturing and distribution </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315 px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">facilities, administrative offices and stores shutdown in 2008:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text - -align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-c olor:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Severance and related costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 70</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9 px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(36)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT - -FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">34</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">5,426</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&# 160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(532)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; tex t-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">4,894</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-ali gn:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;< /td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Consumer Group manufacturing and distribution facilities</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-w idth:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">shutdown in 2008:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align: right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td ><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Severance and related costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">311</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"> ;&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:ri ght;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">311</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY : Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">83</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(15)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color :#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">68</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000 ;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Global Finishes Group administrative offices and branches </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;< ;/td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-co lor:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">shutdown in 2008:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000 ;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width : 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FA MILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">88</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(12)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-c olor:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">76</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#00 0000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="wi dth: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group manufacturing facility shutdown in 2007:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#16 0;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;bord er-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;bor der-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 1,578</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> (60)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width :9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">1,518</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px ;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-alig n:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Consumer Group manufacturing facility shutdown in 2007:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-wid th:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-wi dth:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,166</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td st yle="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,166</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style= "width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px ;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Other qualified exit costs for facilities shutdown prior to 2003</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:lef t;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 7,501</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: rig ht;"> (843)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">6,658</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-wid th:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; te xt-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Totals</font></td><td style="width: 9px; text-align:left;border - -color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> 31,133</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE : 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> 436</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FON T-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,461)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> (272)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bot tom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> 26,836</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For further details on the Company's exit or disposal activities, see Note 6 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the yea r ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">7</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">HEALTH CARE, PENSION AND OTHER BENEFITS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Shown below are the components of the Company's net periodic benefit cost for domestic defined benefit pension plans, foreign defined benefit pension plans and postretirement benefits other than pensions: </font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(Thousands of dollars)</font></td><td colspan="5" style="width: 137px; text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Domestic Defined</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Foreign Defined</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Postretirement Benefits</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;</td><td colspan="5" style="width: 137px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Benefit Pension Plans</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:13 7px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Benefit Pension Plans</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Other than Pensions</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010&l t;/font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000 000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11 px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; te xt-align:left;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Three Months Ended March 31:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 1 1px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"&g t;&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Net periodic benefit cost:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160 ;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;bor der-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Service cost</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,189</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-widt h:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,316</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">501</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-w idth:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">306</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">883</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min- width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">848</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Interest cost</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,440</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11 px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,617</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,036</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style ="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">735</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,017</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3,924</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;b order-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Expected return on assets</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(10,515)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(9,201)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td>< ;td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(715)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(453)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52 px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Amortization of:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160; </td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;bord er-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Prior service cost (credit)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">415</font></td><td style="width: 11px; text-align:left;border-colo r:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">387</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; te xt-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">11</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(164)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(164)</font></td></tr><tr st yle="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Actuarial loss </font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,691</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7,208</font></td><td style="width: 11px; text-align:left;border-co lor:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">347</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">78</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">326</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">72</font></td></tr><tr style="height: 18px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Net periodic benefit cost </font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min- width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3,220</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"& gt;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">8,327</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,176</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-b ottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">677</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-w idth:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,062</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,680</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bott om:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For further details on the Company's health care, pension and other benefits, see Note 7 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">8</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;OTHER LONG-TERM LIABILITIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company initially provides for estimated costs of environmental-related activities relating to its past operations and third-party sites for which commitments or clean-up plans have been developed and when such costs can be reasonably estimated based on industry standards and professional judgment . These estimated costs are determined based on currently available facts regarding each site. If the best estimate of costs can only be identified as a range and no specific amount within that range can be determined more likely than any other amount within the range, the minimum of the range is provided. At </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, the unaccrued maximum of the estimated range of possible outcomes is $</font><font style="font-family:Times New Roman;font-size:12pt;">100.8</font><font style="font-family:Times New Roman;font-size:12pt;"> million higher than the minimum.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company continuously assesses its potential liabili ty for investigation and remediation-related activities and adjusts its environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Actual costs incurred may vary from these estimates due to the inherent uncertainties involved including, among others, the number and financial condition of parties involved with respect to any given site, the volumetric contribution which may be attributed to the Company relative to that attributed to other parties, the nature and magnitude of the wastes involved, the various technologies that can be used for remediation and the determination of acceptable remediation with respect to a particular site. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Included in Other long-term liabilities a t </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> were accruals for extended environmental-related activities of $</font><font style="font-family:Times New Roman;font-size:12pt;">96.9</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">128.2</font><font style="font-family:Times New Roman;font-size:12pt;"> million, respectively. Estimated costs of current investigation and remediation activities of $</font><font style="font-family:Times New Roman;font-size:12pt;">64.6</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font styl e="font-family:Times New Roman;font-size:12pt;">52.6</font><font style="font-family:Times New Roman;font-size:12pt;"> million are included in Other accruals at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Four of the Company's currently and formerly owned manufacturing sites account for the majority of the accrual for environmental-related activities and the unaccrued maximum of the estimated range of possible outcomes at </font><font style="font-family:Times New Roman ;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">. At </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, $</font><font style="font-family:Times New Roman;font-size:12pt;">119.9</font><font style="font-family:Times New Roman;font-size:12pt;"> million, or </font><font style="font-family:Times New Roman;font-size:12pt;">74.2</font><font style="font-family:Times New Roman;font-size:12pt;"> percent of the total accrual, related directly to these four sites. In the aggregate unaccrued maximum of $</font><font style="font-family:Times New Roman;font-size:12pt;">100.8</font><font style="font-family:Times New Roman;font-size:12pt;"> million at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-f amily:Times New Roman;font-size:12pt;">, $</font><font style="font-family:Times New Roman;font-size:12pt;">61.9</font><font style="font-family:Times New Roman;font-size:12pt;"> million, or </font><font style="font-family:Times New Roman;font-size:12pt;">61.4</font><font style="font-family:Times New Roman;font-size:12pt;"> percent, related to the four manufacturing sites. While environmental investigations and remedial actions are in different stages at these sites, additional investigations, remedial actions and monitoring will likely be required at each site.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Management cannot presently estimate the ultimate potential loss contingencies related to these sites or other less significant sites until such time as a substantial portion of the investigation at the sites is completed and remedial action plans are developed. In the event any future loss contingency significantly exceeds the current amount accrued, the recording of the ultimate liability may result in a material impact on net income for the annual or interim period during which the additional costs are accrued. Management does not believe that any potential liability ultimately attributed to the Company for its environmental-related matters will have a material adverse effect on the Company's financial condition, liquidity, or cash flow due to the extended period of time during which environmental investigation and remediation takes place. An estimate of the potential impact on the Company's operations cannot be made due to the aforementioned uncertainties. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Mana gement expects these contingent environmental-related liabilities to be resolved over an extended period of time. Management is unable to provide a more specific time frame due to the indefinite amount of time to conduct investigation activities at any site, the indefinite amount of time to obtain environmental agency approval, as necessary, with respect to investigation and remediation activities, and the indefinite amount of time necessary to conduct remediation activities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For further details on the Company's Other long-term liabilities, see Note 9 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Ti mes New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">9</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;LITIGATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In the course of its business, the Company is subject to a variety of claims and lawsuits, including litigation relating to product liability and warranty, personal injury, environmental, intellectual property, commercial, contractual and antitrust claims that are inherently subject to many uncertainties regarding the possibility of a loss to the Co mpany. </font><font style="font-family:Times New Roman;font-size:12pt;"> These uncertainties will ultimately be resolved when one or more future events occur or fail to occur confirming the incurrence of a liability or the reduction of a liability. </font><font style="font-family:Times New Roman;font-size:12pt;"> In accordance with the Contingencies Topic of the ASC, the Company accrues for these contingencies by a charge to income when it is both probable that one or more future events will occur confirming the fact of a loss and the amount of the loss can be reasonably estimated. In the event that the Company's loss contingency is ultimately determined to be significantly higher than currently accrued, the recording of the additional liability may result in a material impact on the Company's results of operations, liquidity or financial condition for the annual or interim period during which such additional liability is accrued. </font><font style="font-family:Times New Ro man;font-size:12pt;"> In those cases where no accrual is recorded because it is not probable that a liability has been incurred and cannot be reasonably estimated, any potential liability ultimately determined to be attributable to the Company may result in a material impact on the Company's results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. </font><font style="font-family:Times New Roman;font-size:12pt;"> In those cases where no accrual is recorded or exposure to loss exists in excess of the amount accrued, the Contingencies Topic of the ASC requires disclosure of the contingency when there is a reasonable possibility that a loss or additional loss may have been incurred if even the possibility may be remote.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-we ight:bold;margin-left:0px;">Lead pigment and lead-based paint litigation</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">The Company's past operations included the manufacture and sale of lead pigments and lead-based paints. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company, along with other companies, is and has been a defendant in a number of legal proceedings, including individual personal injury actions, purported class actions, and actions brought by various counties, cities, school districts and other government-related entities, arising from the manufacture and sale of lead pigments and lead-based paints. </font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiffs' claims have been based upon various legal theories, including negligence, strict liability, breach of warranty, negligent misrepresentations and omissions, fraudulent misrepresentations and omissions, concert of action, civil conspiracy, violations of unfair trade practice and consumer protection laws, enterprise liability, market share liability, public nuisance, unjust enrichment and other theories. </font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiffs seek various damages and relief, including personal injury and property damage, costs relating to the detection and abatement of lead-based paint from buildings, costs associated with a public education campaign, medical monitoring costs and others. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company is also a defendant in legal proceedings arising from the manufacture and sale of non-lead-based paints that seek recovery based upon various legal theories, including the failure to adequately warn of potential exposure to lead during surface preparation when using non-lead-based paint on surfaces previously painted with lead-based paint. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company believes that the litigation brought to date is without merit or subject to meritorious defenses and is vigorously defending such litigation. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company has not settled any lead pigment or lead-based paint litigation. The Company expects that additional lead pigment and lead-based paint litigation may be filed against the Company in the future asserting similar or different legal theories and seeking similar or different types of damages and relief.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Notwi thstanding the Company's views on the merits, litigation is inherently subject to many uncertainties, and the Company ultimately may not prevail. </font><font style="font-family:Times New Roman;font-size:12pt;"> Adverse court rulings </font><font style="font-family:Times New Roman;font-size:12pt;">or determinations of liability, among other factors, could affect the lead pigment and lead-based paint litigation against the Company and encourage an increase in the number and nature of future claims and proceedings. </font><font style="font-family:Times New Roman;font-size:12pt;">In addition, from time to time, various legislation and administrative regulations have been enacted, promulgated or proposed to impose obligations on present and former manufacturers of lead pigments and lead-based paints respecting asserted health concerns associated with such products or to overturn the effect of court decisions in which the Company and other manufacturers have been successful.&l t;/font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Due to the uncertainties involved, management is unable to predict the outcome of the lead pigment and lead-based paint litigation, the number or nature of possible future claims and proceedings, or the effect that any legislation and/or administrative regulations may have on the litigation or against the Company. In addition, management cannot reasonably determine the scope or amount of the potential costs and liabilities related to such litigation, or resulting from any such legislation and regulations. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company has not accrued any amounts for such litigation. Any potential liability that may result from such litigation or such legislation and regulations cannot reasonably be estimated. In the event any sign ificant liability is determined to be attributable to the Company relating to such litigation, the recording of the liability may result in a material impact on net income for the annual or interim period during which such liability is accrued. </font><font style="font-family:Times New Roman;font-size:12pt;"> Additionally, due to the uncertainties associated with the amount of any such liability and/or the nature of any other remedy which may be imposed in such litigation, any potential liability determined to be attributable to the Company arising out of such litigation may have a material adverse effect on the Company's results of operations, liquidity or financial condition. An estimate of the potential impact on the Company's results of operations, liquidity or financial condition cannot be made due to the aforementioned uncertainties.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style= "font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">Public nuisance claim litigation.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">The Company and other companies are</font><font style="font-family:Times New Roman;font-size:12pt;"> or were defendants in legal proceedings seeking recovery based on public nuisance liability theories, among other theories, brought by the State of Rhode Island, the City of St. Louis, Missouri, various cities and counties in the State of New Jersey, various cities in the State of Ohio and the State of Ohio, the City of Milwaukee, Wisconsin and the County of Santa Clara, California and other public entities in the State of California. Except for the Santa Clara County, California proceeding, all of these legal proceedings have been concluded in favor of t he Company and other defendants at various stages in the proceedings. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The proceedings initiated by the State of Rhode Island included two jury trials. T</font><font style="font-family:Times New Roman;font-size:12pt;">he claim was originally tried to a jury in 2002 and </font><font style="font-family:Times New Roman;font-size:12pt;">the court declared a mistrial as the jury, which was split four to two in favor of the defendants, was unable to reach a unanimous decision. The State of Rhode Island retried the case and on February 22, 2006, the jury returned a verdict, finding that (i) the cumulative presence of lead pigment in paints and coatings on buildings in the State of Rhode Island constitutes a public nuisance, (ii) the Company, along with two other d efendants, caused or substantially contributed to the creation of the public nuisance, and (iii) the Company and two other defendants should be ordered to abate the public nuisance. The Company and two other defendants appealed and, on July 1, 2008, the Rhode Island Supreme Court, among other determinations, reversed the judgment of abatement with respect to the Company and two other defendants. The Rhode Island Supreme Court's decision reversed the public nuisance liability judgment against the Company on the basis that the complaint failed to state a public nuisance claim as a matter of law. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Santa Clara County, California proceeding was initiated in March 2000 </font><font style="font-family:Times New Roman;font-size:12pt;">and purports to be a class action on behalf of all public entities in the State of California other than the State and its agencies. The plaintiffs' asserted various claims including fraud and concealment, strict product liability/failure to warn, strict product liability/design defect, negligence, negligent breach of a special duty, public nuisance, private nuisance, and violations of California's Business and Professions Code. </font><font style="font-family:Times New Roman;font-size:12pt;">A number of the asserted claims were resolved in favor of the defendants through pre-trial proceedings. On </font><font style="font-family:Times New Roman;font-size:12pt;">March 3, 2006, the Court of Appeal, Sixth Appellate District, among other determinations, </font><font style="font-family:Times New Roman;font-size:12pt;">reversed the dismissal of the public nuisance claim for abatement brought by the cities of Santa Clara and Oakland and the City and County of San Francisco, and </font><font style="font-family: Times New Roman;font-size:12pt;">affirmed the dismissal of the public nuisance claim for damages to the plaintiffs' properties. </font><font style="font-family:Times New Roman;font-size:12pt;">The plaintiffs have filed a motion for leave to file a fourth amended complaint. On April 4, 2007, the trial court entered an order granting the defendants' motion to bar payment of contingent fees to private attorneys. </font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiffs appealed the trial court's order and, </font><font style="font-family:Times New Roman;font-size:12pt;">on April 8, 2008, the </font><font style="font-family:Times New Roman;font-size:12pt;">California Court of Appeal reversed the trial court's order. The defendants filed a petition for review with the California Supreme Court and the Supreme Court has decided to review the Court of Appeal's decision. Proceedings in the trial court are stayed pending the appeal.</font ></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">Litigation seeking damages from alleged personal injury.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">The Company and other companies are defendants in a number of legal proceedings seeking monetary damages and other relief from alleged personal injuries. </font><font style="font-family:Times New Roman;font-size:12pt;"> These proceedings include claims by children allegedly injured from ingestion of lead pigment or lead-containing paint, claims for damages allegedly incurred by the children's parents or guardians, and claims for damages allegedly incurred by professional painting cont ractors. </font><font style="font-family:Times New Roman;font-size:12pt;"> These proceedings generally seek compensatory and punitive damages, and seek other relief including medical monitoring costs. </font><font style="font-family:Times New Roman;font-size:12pt;"> These proceedings include purported claims by individuals, groups of individuals and class actions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The plaintiff in </font><font style="font-family:Times New Roman;font-size:12pt;">Thomas v. Lead Industries Association, et al.</font><font style="font-family:Times New Roman;font-size:12pt;">, initiated an action against the Company, other alleged former lead pigment manufacturers and the Lead Industries Association in September 1999. </font><font style="font-family:Times New Roman;font-size:12pt;"> The claims against the Company and the other defendants include strict liability, negligence, negligent misrepresentation and omissions, fraudulent misrepresentation and omissions, concert of action, civil conspiracy and enterprise liability. </font><font style="font-family:Times New Roman;font-size:12pt;"> Implicit within these claims is the theory of "risk contribution" liability (Wisconsin's theory which is similar to market share liability) due to the plaintiff's inability to identify the manufacturer of any product that allegedly injured the plaintiff. </font><font style="font-family:Times New Roman;font-size:12pt;"> Following various pre-trial proceedings during which certain of the plaintiff's claims were dismissed by the court, on March 10, 2003, the trial court granted the defendants' motion for summary judgment, dismissing the case with prejudice and awarding costs to each defendant. </font><font style="font-family:Times New Roman;fon t-size:12pt;"> The plaintiff appealed and, on June 14, 2004, the Wisconsin Court of Appeals affirmed the trial court's decision. </font><font style="font-family:Times New Roman;font-size:12pt;"> On July 15, 2005, the Wisconsin Supreme Court reversed in part the trial court's decision and decided, assuming all of plaintiff's facts in the summary judgment record to be true, that the risk contribution theory could then apply to excuse the plaintiff's lack of evidence identifying any of the Company's or the other defendant's products as the cause of the alleged injury. </font><font style="font-family:Times New Roman;font-size:12pt;"> The case was remanded to the trial court for further proceedings and a trial commenced on October 1, 2007. </font><font style="font-family:Times New Roman;font-size:12pt;"> On November 5, 2007, the jury returned a defense verdict, finding that the plaintiff had ingested white lead carbonate, but was not brain damaged or injured as a result. < ;/font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiff filed post-trial motions for a new trial that was denied by the trial court. On March 4, 2008, final judgment was entered in favor of the Company and other defendants. The plaintiff has filed an appeal of the final judgment.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Wisconsin is the only jurisdiction to date to apply a theory of liability with respect to alleged personal injury (i.e., </font><font style="font-family:Times New Roman;font-size:12pt;">risk contribution/market share liability) that does not require the plaintiff to identify the manufacturer of the product that allegedly injured the plaintiff in the lead pigment and lead-based paint litigation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> &#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">Insurance coverage litigation.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company and its liability insurers, including certain Underwriters at Lloyd's of London, initiated legal proceedings against each other to determine, among other things, whether the costs and liabilities associated with the abatement of lead pigment are covered under certain insurance policies issued to the Company. An ultimate loss in the insurance coverage litigation would mean that insurance proceeds could be unavailable under the policies at issue to mitigate any ultimate abatement related costs and liabilities. The Company has not recorded any assets related to these insurance policies or otherwise assumed that proceeds from these insurance policies would be received in estimating any contingent liability accrual. Therefore, an ultimate loss in the insurance coverage litigation without a determination of liability against the Company in the lead pigment or lead-based paint litigation will have no impact on the Company's results of operation, liquidity or financial condition. As previously stated, however, the Company has not accrued any amounts for the lead pigment or lead-based paint litigation and any significant liability ultimately determined to be attributable to the Company relating to such litigation may result in a material impact on the Company's results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. The Company's action, an Ohio state court action, has been stayed and the liability insurers action, a New York state court action, has been dismissed.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">16</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">FINANCIAL INSTRUMENTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The table below summarizes the carrying amount and fair value of the Company's publicly traded debt and non-publi cly traded debt in accordance with the Fair Value Measurements and Disclosures Topic of the ASC. The fair values of the Company's publicly traded debt are based on quoted market prices. The fair values of the Company's non-traded debt are estimated using discounted cash flow analyses, based on the Company's current incremental borrowing rates for similar types of borrowing arrangements.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td sty le="width: 68px; text-align:left;border-color:#000000;min-width:68px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="5" style="width: 172px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:172px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 31, 2010</font></td></tr><tr style="height: 17px"> <td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fair</font></td></tr& gt;<tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; border-bottom-style:solid;borde r-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td></tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;">&#160;</td> ;</tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Publicly traded debt</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 768,313</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT- FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 743,287</font></td></tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Non-traded debt</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 26,949</font></td><td style="width: 12px; text-align :left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 25,587</font></td></tr></table></div> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">10</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">OTHER EXPENSE (INCOME)</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-style:italic;margin-left:0px;">Other general expense - net</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-fam ily:Times New Roman;font-size:12pt;margin-left:0px;">Included in </font><font style="font-family:Times New Roman;font-size:12pt;">Other general expense - net</font><font style="font-family:Times New Roman;font-size:12pt;"> were the following:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="5" style="width: 141px; text-align:center;border-color:#000000;min-width:141px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#00 0000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="5" style="width: 141px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:141px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: b old;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 16px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Provisions for environmental matters - net</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,937</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">6,201</font></td></tr><tr style="height: 16px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"& gt;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss on disposition of assets</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">241</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">729</font></td></tr>< ;tr style="height: 16px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Adjustments to prior provisions for qualified exit costs</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (272)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:11px;">& ;#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,475</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other general expense - net</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 53px; border-top-style:solid;border-top-width:1px;border-bottom-style:double; border-bottom-width:3px;text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,906</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 53px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">10,405</font></td></tr></table></div><p style='margin-top: 0pt; margin - -bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Provisions for environmental matters&#8211;net represent site-specific increases or decreases to environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Environmental-related accruals are not recorded net of insurance proceeds in accordance with the Offsetting Subtopic of the Balance Sheet Topic of the ASC. See Note </font><font style="font-family:Times New Roman;font-size:12pt;">8</font><font style="font-family:Times New Roman;font-size:12pt;"> for further details on the Company's environmental-related activities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-si ze:12pt;margin-left:0px;">The </font><font style="font-family:Times New Roman;font-size:12pt;">loss</font><font style="font-family:Times New Roman;font-size:12pt;"> on disposition of assets represents net realized </font><font style="font-family:Times New Roman;font-size:12pt;">losses</font><font style="font-family:Times New Roman;font-size:12pt;"> associated with the disposal of fixed assets previously used in the conduct of the primary business of the Company.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The adjustments to prior provisions for qualified exit costs represent site specific increases or decreases to accrued qualified exit costs as adjustments for costs of employee terminations are required or as information becomes available upon which more accurate amounts can be re asonably estimated. See Note </font><font style="font-family:Times New Roman;font-size:12pt;">6</font><font style="font-family:Times New Roman;font-size:12pt;"> for further details on the Company's exit or disposal activities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-style:italic;margin-left:0px;">Other expense (income) - net</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Included in </font><font style="font-family:Times New Roman;font-size:12pt;">Other expense (income) - net</font><font style="font-family:Times New Roman;font-size:12pt;"> were the following:</font></p><p style='margin-top:0pt; margin-bot tom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="5" style="width: 170px; text-align:center;border-color:#000000;min-width:170px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td>& lt;td colspan="5" style="width: 170px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:170px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 78px ; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Dividend and royalty income</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt ;COLOR: #000000;">(966)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(957)</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net expense from financing</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><t d style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> and investing activities</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT- FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">1,732</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">416</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Foreign currency related losses (gains)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align: right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">6,002</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(101)</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other income</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"> &#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(2,108)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(1,912)</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other expense</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="widt h: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">2,138</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">1,448</font></td></tr><tr style="height: 17px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Ot her expense (income) - net</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">6,798</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border - -color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(1,106)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The net expense from financing and investing activities includes the net loss relating to the change in the Company's financing fees.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;"> ;Foreign currency related losses (gains)</font><font style="font-family:Times New Roman;font-size:12pt;"> included foreign currency transaction gains and losses and realized and unrealized net gains from foreign currency option and forward contracts. The Company had foreign currency option and forward contracts outstanding at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">. All of the outstanding contracts had maturity dates of less than twelve months and were undesignated hedges with changes in fair value being recognized in earnings in accordance with the Derivatives and Hedging Topic of the ASC. These derivative instrument values were included in either Other current assets or Other accruals and were insignificant at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Other income and Other expense included items of revenue, gains, expenses and losses that were unrelated to the primary business purpose of the Company. Each individual item within the other income or other expense caption was immaterial; no single category of items exceeded $1.0 million.</font></p> <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">11</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;INCOME TAXES&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The effective tax rate was 45.2 percent for the first quarter of 2010, compared to 26.7 percent for the first quarter of 2009. The increase in the effective tax rate for the first quarter of 2010 com pared to 2009 was due to the impact of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act signed into law in March 2010. The Company recognized the deferred tax effects of the reduced deductibility of the postretirement prescription drug coverage during the first quarter of 2010, which resulted in a Federal and State income tax charge of $11.4 million. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">At December 31, 2009, the Company had $37.0 million in unrecognized tax benefits, the recognition of which would have an affect of $32.5 million on the current provision for income taxes. Included in the balance of unrecognized tax benefits at December 31, 2009 was $9.6 million related to tax positions for which it is reasonably possible that the total amounts could significantly change du ring the next twelve months. This amount represents a decrease in unrecognized tax benefits comprised of items related to assessed state income tax audits, state settlement negotiations currently in progress and expiring statutes in foreign jurisdictions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company classifies all income tax related interest and penalties as income tax expense. At December 31, 2009, the Company had accrued $11.8 million for the potential payment of income tax interest and penalties.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. Other than as noted below, the Internal Revenue Service (IRS) substantially completed the audit of the 2004 and 2005 tax years. The IRS commenced an examination of the Company's U.S. income tax returns for the 2006 and 2007 tax years in the fourth quarter of 2008. Fieldwork is anticipated to be completed prior to December 31, 2010. At this time, the Company has determined that an insignificant amount of additional tax is due. The IRS is currently examining transactions related to The Sherwin-Williams Company Employee Stock Purchase and Savings Plan. The IRS has indicated it may issue Notices of Proposed Adjustment related to these transactions. During the IRS's examination of the transactions, it requested the Department of Labor to review the transactions. Following the Department of Labor's initial examination, it is coordinating its response with the IRS. As of March 31, 2010, the Company is subject to non-U.S. income tax examinations for the tax years of 2002 throu gh 2009. In addition, the Company is subject to state and local income tax examinations for the tax years 1992 through 2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">There were no significant changes to any of the balances of unrecognized tax benefits at December 31, 2009 during the first quarter of 2010.</font></p> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">12</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;NET INCOME PER COMMON SHARE</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 192px; text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000 ;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 192px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Thousands of dollars except per share data)</font><font style="font-size: 7pt;"><sup></sup></font></td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-st yle:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75p x; text-align:center;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:center;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Basic</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">& #160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Average common shares outstanding</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 107,959,598</font></td><td style=" width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 115,946,629</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#0000 00;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIG HT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 32,603</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 37,279</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#0 00000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income per common share</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SI ZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">0.30</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">0.32</font></td></tr><tr style="height: 17px"><td style ="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Diluted</font><font style="font-size: 7pt;"><sup></sup></font></td><t d style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Average common shares outstanding</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-alig n:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 107,959,598</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 115,946,629</font></td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Non-vested restricted stock grants</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color: #000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 753,163</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,154,224</font></td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Stock options and other contingently </font><font style="font-size: 7pt;"><sup></sup> ;</font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> issuable shares </font><font style="font-size: 7pt;"><sup> (1)</sup></font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:14p x;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,534,413</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 928,919</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLO R: #000000;"> Average common shares assuming dilution</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 110,247,174</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;te xt-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 118,029,772</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">32,603</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min- width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">37,279</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-widt h:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income per common share</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">0.30</font></td>& lt;td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">0.32</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000 000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">(1)</font><font style="font-family:Times New Roman;font-size:10pt;"> Stock options and other contingently issuable shares excludes </font><font style="font-family:Times New Roman;font-size:10pt;">0.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million and </font><font style="font-family:Times New Roman;font-size:10pt;">4.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million shares for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><fon t style="font-family:Times New Roman;font-size:10pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively, due to their anti-dilutive effect.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Basic and diluted earnings per share are calculated in accordance with the Earnings Per Share Topic of the ASC. Under the Company's restricted stock award program, non-forfeitable dividends are paid on unvested shares of restricted stock, and the restricted stock is therefore considered a participating security. The two-class method of computing earnings per share is required for all periods presented if it results in basic or dilut ed earnings per share amounts that are materially different than those calculated under the treasury stock method. If the use of the two-class method does not result in basic or diluted earnings per share amounts that are materially different than those calculated under the treasury stock method, the treasury stock method may still be used. The Company has calculated basic and diluted earnings per share for the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> under both methods. Because the Company's unvested shares of restricted stock do not represent a si gnificant portion of total outstanding shares, the use of the two-class method does not have a material impact on the basic and diluted earnings per share amounts, and the treasury stock method is disclosed. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">13</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">REPORTABLE SEGMENT INFORMATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company reports segment information in the same way that management internally orga nizes its business for assessing performance and making decisions regarding allocation of resources in accordance with the Segment Disclosures Topic of the ASC.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;">&am p;#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td colspan="14" style="width: 444px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:444px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2010</font></td></tr><tr style="height: 52px"><td style="width: 210px; text-align:center;border-color:#000000;min-width:210px;">&#160;</td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Paint Stores Group</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</ td><td colspan="2" style="width: 77px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consumer Group</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Global Finishes Group</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000 000;TEXT-ALIGN: center;">Administrative</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consolidated Totals</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net external sales</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width: 66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">850,912</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">292,149</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALI GN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">421,099</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,322</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-wi dth:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,565,482</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Intersegment transfers</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:# 000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">281,169</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">22,255</fon t></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(303,424)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height : 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total net sales and intersegment transfers</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">850,912</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width :13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">573,318</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLO R: #000000;TEXT-ALIGN: right;">443,354</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(302,102)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Ro man;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,565,482</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:6 4px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr sty le="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Segment profit </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">47,755</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td&g t;<td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">37,466</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">23,003</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td>< ;td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">108,224</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Interest expense</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;& lt;/td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman ;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(11,569)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(11,569)</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Administrative expenses and other</font>&l t;/td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(37,197)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;b order-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(37,197)</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income before income taxes </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">47,755</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-w idth:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">37,466</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">*</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-w idth:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">23,003</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(48,766)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEX T-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">59,458</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:left;border-col or:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:center;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000; min-width:210px;">&#160;</td><td colspan="14" style="width: 444px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:444px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2009</font></td></tr><tr style="height: 48px"><td style="width: 210px; text-align:center;border-color:#000000;min-width:210px;">&#160;</td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Paint Stores Group</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 77px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#0 00000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consumer Group</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Global Finishes Group</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Administrative</font></td><td style="width: 13px; text-align:left;border-color:#000000;m in-width:13px;">&#160;</td><td colspan="2" style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consolidated Totals</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net external sales</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">898,408</font></td><td style ="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">288,152</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 362,511</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,606</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,550,677</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Intersegment transfers</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color: #000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">270,813</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">34,750</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom- width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(305,563)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total net sales and intersegment transfers</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13p x;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">898,408</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">558,965</font></td><td st yle="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">397,261</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; border-top-style:soli d;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(303,957)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,550,677</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-al ign:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"> &#160;</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Segment profit </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAM ILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">56,580</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">30,204</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;m in-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">5,305</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">92,089</font></td></tr><tr st yle="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Interest expense</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-ali gn:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(12,202)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(12,202)</fon t></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Administrative expenses and other</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">&#160;</td> <td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(28,994)</font></td><td style="width: 13px; text-align:right;border-color:#000000 ;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(28,994)</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income before income taxes </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"&g t;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">56,580</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">30,204</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">*</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FO NT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">5,305</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(41,196)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">< ;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">50,893</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td>&l t;td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:center;border-color:#000000;min-width:62px;">&#160;</td></tr></table></div><p style='margin-t op: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">* Segment profit includes $</font><font style="font-family:Times New Roman;font-size:10pt;">4,019</font><font style="font-family:Times New Roman;font-size:10pt;"> and $</font><font style="font-family:Times New Roman;font-size:10pt;">3,323</font><font style="font-family:Times New Roman;font-size:10pt;"> of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the </font><font style="font-family:Times New Roman;font-size:10pt;">first</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times Ne w Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><font style="FONT-FAMILY: Arial;FONT-SIZE: 9pt;COLOR: #000000;" /><br/><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In the reportable segment financial information, Segment profit was total net sales and intersegment transfers less operating costs and expenses. Domestic intersegment transfers were accounted for at the approximate fully absorbed manufactured cost, based on normal capacity volumes, plus customary distribution costs. International intersegment transfers were accounted for at values comparable to normal unaffiliated customer sales. The Administrative segment includes the administrative expenses of the Company's corporate headqua rters site. Also included in the Administrative segment was interest expense, interest and investment income, certain expenses related to closed facilities and environmental-related matters, and other expenses which were not directly associated with the Reportable Operating Segments. The Administrative segment did not include any significant foreign operations. Also included in the Administrative segment was a real estate management unit that is responsible for the ownership, management and leasing of non-retail properties held primarily for use by the Company, including the Company's headquarters site, and disposal of idle facilities. Sales of this segment represented external leasing revenue of excess headquarters space or leasing of facilities no longer used by the Company in its primary businesses. Gains and losses from the sale of property were not a significant operating factor in determining the performance of the Administrative segment.</font></p><p style='margin-top:0pt; margin-botto m:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Net external sales and segment profit of all consolidated foreign subsidiaries were $</font><font style="font-family:Times New Roman;font-size:12pt;">281.7</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">24.2</font><font style="font-family:Times New Roman;font-size:12pt;"> million, respectively, for the </font><font style="font-family:Times New Roman;font-size:12pt;">first</font><font style="font-family:Times New Roman;font-size:12pt;"> quarter of </font><font style="font-family:Times New Roman;font-size:12pt;">2010</font><font style="font-family:Times New Roman;font-size:12pt;">, and $</font><font style="font-family:Times New Roman;font-size:12pt;">2 19.8</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">0.3</font><font style="font-family:Times New Roman;font-size:12pt;"> million, respectively, for the </font><font style="font-family:Times New Roman;font-size:12pt;">first</font><font style="font-family:Times New Roman;font-size:12pt;"> quarter of </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">. Long-lived assets of these subsidiaries totaled $</font><font style="font-family:Times New Roman;font-size:12pt;">242.4</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">223.4</font><font style="font-family:Times New Roman;font-size:12pt;"> million at </font>&l t;font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">, respectively. Domestic operations accounted for the remaining net external sales, segment profits and long-lived assets. No single geographic area outside the United States was significant relative to consolidated net external sales, income before taxes, or consolidated long-lived assets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Export sales and sales to any individual customer were each less than 10 percent of consolidated sales to unaffiliated customers during all periods presented.</font></p> <p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">14</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">ACQUISITIONS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Effective April 1, 2010, the Company acquired Sayerlack Industrial Coatings (Sayerlack) for $53.8 million, excluding any post-closing adjustments. Headquartered in Pianoro, Italy, Sa yerlack is a leading coatings innovator in the joinery, furniture and cabinets markets. The acquisition will strengthen the Global Finishes Group's growing global platform for product finishes. A valuation will be completed in the second quarter, and Sayerlack will be included in the Company's consolidated financial statements after the date of acquisition. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">During the first quarter of 2009, the Company acquired Altax Sp. zo.o. (Altax). Headquartered in Poznan, Poland, Altax is a leading innovator of protective woodcare coatings and serves multiple channels, including industrial, professional and DIY. Included in the Consumer Group, the acquisition provides a platform for further growth in Central Europe. The aggregate consideration paid for Altax was $11.5 million, net of cash acqu ired, including the assumption of certain financial obligations. The acquisition resulted in the recognition of goodwill and intangible assets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The following unaudited pro-forma summary presents consolidated financial information as if Altax had been acquired as of the beginning of each period presented. The pro-forma consolidated financial information does not necessarily reflect the actual results that would have occurred had the acquisition taken place on January 1, </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> or of future results of operations of the combined companies under ownership and operation of the C ompany.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="5" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">(Thousands of dollars except per share data)</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="wi dth: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="5" style="width: 180px; text-align:center;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="5" style="width: 180px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR : #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-alig n:center;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net sales</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,565,482</font></td><td style="wi dth: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,550,947</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text - -align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 32,603</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 36,884</font></td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income per common share:</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td> <td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Basic</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Ti mes New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 0.32</font></td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;borde r-color:#000000;min-width:149px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Diluted</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 7 2px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 0.31</font></td></tr></table></div> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">15</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">FAIR VALUE MEASUREMENTS&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Fair Value Measurements and Disclosures Topic of the ASC applies to the Company's financial and non-financial assets and liabilities. The guidance applies when other standa rds require or permit the fair value measurement of assets and liabilities. It does not expand the use of fair value measurements. The Company did not have any fair value measurements for its non-financial assets and liabilities during the </font><font style="font-family:Times New Roman;font-size:12pt;">first</font><font style="font-family:Times New Roman;font-size:12pt;"> quarter. The following table presents the Company's financial assets and liabilities that are measured at fair value on a recurring basis, categorized using the fair value hierarchy:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(Thousands of dollars)</font><font style="font-size: 7pt;"><sup> ;</sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted Prices in </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td&g t;<td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant </font></td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="wi dth: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value at</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Active Markets for</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Rom an;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Other</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable</font></td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman ;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> Identical Assets </font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> Observable Inputs</font></td><td style="wid th: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Inputs</font></td></tr><tr style="height: 16px"><td style="width: 180px; text-align:center;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font& gt;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 1)</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 2)</font></td><td st yle="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 3)</font></td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Assets:</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:center;b order-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred compensation plan asset</font><font style="font-size: 7pt;"><sup> (1)</sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$ </font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">17,529</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">14,976</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-widt h:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">2,553</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FO NT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Net currency derivative asset</font><font style="font-size: 7pt;"><sup> (2)</sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">53</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td& gt;<td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">53</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text- align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> Total assets at fair value</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">17,582</font></td><td style="width: 15px; text-align:left;border-co lor:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">14,976</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid; border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">2,606</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</ td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left; border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td&g t;<td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Liabilities:</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#00 0000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style ="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred compensation plan liability</font><font style="font-size: 7pt;"><sup> (3)</sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #0 00000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</ td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> Total liabilities at fair value</font>< font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15p x; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-wid th:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15p x; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(1) The deferred compensation plan asset consists of the investment funds maintained for the future payments under the Company's executive </font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">deferred compensation plan, which is structured as a rabbi trust. The investments are marketable securities accounted for under the Debt and</font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Equity Securities Topic of the ASC. The level 1 investments are valued using quoted market prices multiplied by the number of shares. The </font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">level 2 investments are valued based on vendor or broker models. The cost basis of the investment funds is $16,387.</font></td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;mi n-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(2) The net currency derivative asset represents the fair value of foreign currency swaps. The swaps are valued using the banks' proprietary models.</font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;">&#160;</td&g t;</tr><tr style="height: 16px"><td colspan="17" rowspan="Aspose.Cells.Range" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(3) The deferred compensation plan liability is the Company's liability under its executive deferred compensation plan. The liability represents the fair value of the participant shadow accounts, and the value is based on quoted market prices. </font></td></tr><tr style="height: 15px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; te xt-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">& #160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;">&#160;</td></tr></table></div> <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">17</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">NON-TRADED INVESTMENTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company has invested in the U.S. affordable housing and historic renovation real estate markets. These non-traded investments have been identified as variable interest entities. However, because the Company does not have the power to direct the day-to-da y operations of the investments and the risk of loss is limited to the amount of contributed capital, the Company is not considered the primary beneficiary. In accordance with the Consolidation Topic of the ASC, the investments are not consolidated. The Company uses the effective yield method to determine the carrying value of the investments. Under the effective yield method, the initial cost of the investments is amortized over the period that the tax credits are recognized. The carrying amount of the investments, included in Other assets, was $96.0 million at March 31, 2010. The liability for estimated future capital contributions to the investments was $78.9 million at March 31, 2010.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> 2010-03-31 false SHERWIN WILLIAMS CO. 0000089800 Yes No --12-31 Large Accelerated Filer Yes 109735117 6231518290000 10-Q Q1 2010 EX-101.SCH 8 shw-20100331.xsd EX-101 SCHEMA DOCUMENT 00100 - Document - DOCUMENT AND ENTITY INFORMATIONlink:presentationLinklink:calculationLinklink:definitionLink00200 - Statement - STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED)link:presentationLinklink:calculationLinklink:definitionLink00300 - St atement - CONSOLIDATED BALANCE SHEETS (UNAUDITED)link:presentationLinklink:calculationLinklink:definitionLink00400 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals)link:presentationLinklink:calculationLinklink:definitionLink00500 - Statement - CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED)link:presentationLink
  • link:calculationLinklink:definitionLink00900 - Disclosure - Note 1 - BASIS OF PRESENTATIONlink:presentationLinklink:calculationLinklink:definitionLink00910 - Disclosure - Note 2 - IMPACT OF RECENTLY ISSUED ACCOUTNING PRONOUNCEMENTSlink:presentationLinklink:calculationLinklink:definitionLink00920 - Disclosure - Note 3 - DIVIDENDSlink:presentationLinklink:calculationLinklink:definitionLink00940 - Disclosure - Note 4 - COMPREHENSIVE INCOMElink:presentationLinklink:calculationLinklink:definitionLink00950 - Disclosure - Note 5 - PRODUCT WARRANTIESlink:presentationLinklink:calculationLinklink:definitionLink00960 - Disclosure - Note 6 - EXIT OR DISPOSAL ACTIVITIESlink:presentationLinklink:calculationLinklink:definitionLink00970 - Disclosure - Note 7 - HEALTH CARE, PENSION AND OTHER BENEFITSlink:presentationLinklink:calculationLinklink:definitionLink00990 - Disclosure - Note 9 - LITIGATIONlink:presentationLinklink:calculationLinklink:definitionLink01000 - Disclosure - Note 10 - OTHER EXPENSE (INCOME)link:presentationLinklink:calculationLinklink:definitionLink01010 - Disclosure - Note 11 - INCOME TAXESlink:presentationLinklink:calculationLinklink:definitionLink01020 - Disclosure - Note 12 - NET INCOME PER COMMON SHARElink:presentationLinklink:calculationLinklink:definitionLink01030 - Disclosure - Note 13 - REPORTABLE SEGMENT INFORMATIONlink:presentationLinklink:calculationLinklink:definitionLink01040 - Disclosure - Note 14 - ACQUISITIONSlink:presentationLinklink:calculationLinklink:definitionLink01050 - Disclosure - Note 16 - FINANCIAL INSTRUMENTSlink:presentationLinklink:calculationLinklink:definitionLink00980 - Disclosure - Note 8 - OTHER LONG TERM LIABILITIESlink:presentationLinklink:calculationLinklink:definitionLink01045 - Disclosure - Note 15 - FAIR VALUE MEASUREMENTSlink:presentationLinklink:calculationLinklink:definitionLink01070 - Disclosure - Note 17 - NON-TRADED INVESTMENTSlink:presentationLinklink:calculationLinklink:definitionLink EX-101.CAL 9 shw-20100331_cal.xml EX-101 CALCULATION LINKBASE DOCUMENT EX-101.LAB 10 shw-20100331_lab.xml EX-101 LABELS LINKBASE DOCUMENT PRODUCT WARRANTIES EX-101.PRE 11 shw-20100331_pre.xml EX-101 PRESENTATION LINKBASE DOCUMENT GRAPHIC 12 l39490l3949000.gif GRAPHIC begin 644 l39490l3949000.gif M1TE&.#EAV``^`.8``-C*U#)&DJLG-Y.LRAPIB"@YAU9KI.CR]\G6XX^2JD]E ME)4P0M3:YN3M]!\N>//Z_&DX7M6$>NW4U/H6!KG4YKK%VF9)94!5E/"RK;\G M+F)UKMKCZ\NYQ8F:P>3F[*R2HM"NNY][AZ*WTF5RDJBVQ_*,@]KJ\_G\_?%4 M1[:#C-^2A/'#NGV1N;JUN/W^_G>)NAXQA=-Q;?.DD^QV:]U61,]%./GEX^8= M%/`B%-@D'WB8P7B#J):BO[503+6XRK.^U^_V^HM:<<3-X4I?H,Z2J-QD4**M MPNIA6*K&WVZ#LZ=K\;!QPLCKS.V,D?(XQ$ M6]H='/7M[^LS))*`F_SR\Q\SD/,7$?+Q];%<7\Q98+]F4_;[_-ZAF?KY^Z.P MT/CV^:O`T'61JKRGOOSZ_&&"N/[Z^=[O]<_=ZH`J1.<7(*T^1-#F\&-\GV2C MO/__]_[\_+>=IT8Q<&^.NFE9?K>8NH6>IYQH71LDBNWN[____R'Y!``````` M+`````#8`#X```?_@'^"@X1_'CLZVTG M:6@^G*6FIZBIJJN2+B1F0"X27T0)4XRLN;J[O+V6"`,G6F(R-1$>"3P-OLS- MSL^9&WL/+C,H6#-%,2L)"`C0X.'BS"13?UI%6#A8)3-?70D&&^/T]?:9)SQ` M=7PEZB@T:GAQX>+,MWL($RK\,#)_Z\"@A-;>0\*0`#QI8"&G3F0P$%\$"($!:7839@)IAO/O(#`2H.XL<0 M+TH!@PF##``#`7*$$6:50-1)WI1]$7)`F(5JG2`0P@P,`! MXS52AXYN$&?%!*A&<<.//U+AQF.6;#`B`0\U,L400]2J4@=#*.`'$'C@*NP0 M.[B`@`+#:C"`ER+TVL8@/`@[CTH57##$#\`")`(48`4 M>$#KWQ!;.`#H'P_P64`;4RA@``(N['#!B@,&+!&A\@`']>3!` MB`T;X2(!!@Q"@@-/&`')%`YL8:(@"BB)!(GO"I%DUD@&T$88@[Y0"`\*OFQ" MS04+XD$!0U_@:`$M$[##($#P+06A^8[8,P$!)-W(&"$(D$,.,91`@PHJT(#" M%S&(,<,1GK]AQ0).^$')WEO`($\C.@^QC"`Y8_V'""WCT<3M3S\(<<_5&VQ,XPLO>"%`$P`(D)+HX=1_-M#`KH M_PD&2%&`#R?4:(`+W!=`!B%A:""%ZX20T2X2A&BP,P$%$+*!BR\:@2!.T`$" MM`P&/#`!\8:`@`-,@026*H2.5($O#8%_!PB#`LS7EYJ]R`'&X],05%8(-OAG;"RPV13"!X-E,(!O M!GC``48T."1@3X=_:$``I+`$E?'`3]H3!`+XIX;#/6`0=Y)"RQ0@B`WH;(XP M\($(7)0PE33"!:/)`1>B8,'.@6`%*I#`"B*@!0Q@`/\*&+@!JDIHAS1,H@$: MP!/_-/"Z/>9I$!TXW#=&T,,_.FII`2"((;'7@"DDZ7U"V`(!!G`N3`@G^$$P8O"^6%^@0 M`U[42$$DP7RO"\,3EU"!)#GN#P7<0OD44!Y!!8!/;J-`BH8`QT(PH0I4"-D$ M<%`"&="@!"6H01&*T`,,E``@*"C9**-"B1,,8&F',P!Z?H<]7!F@8MB;Q[FV M(*S5T8YQ(E`#--WG`B&DB`P",U_AI("`$ZB!?]HC@Y_D\`H$',`":':C9%A]0,\:9(8*#&$,*!"!* M5$V@9%CXI`PPIX(08F&2CTU5!JJ`0DDT()PP$,$)\,`T!\#`M(>[`)CP=#@_ M/2$.X&3:B[:@AC8P@@%AZX`0++:M.2*!`8-*)CB'%J&C%0`8C$/`#WIHCN>E M"$9/J!(=JOH``_3!`%[:J@,H4$,IO,\%\LN>(>\:JCO"8%J"<*84"K:!"ZAN M#`T8`@S8J[,.%/`"!WB!`P+`ABWXK)`7,.`67A"J/P!@`0EUK&-O,`,5Q,`& M-H@`_QTP@`/'1L&QH[M/):CI)Q8X!VVBRH(<=.1<%#+!?QUFW`./D$W[_%TT\@/AU"@C1:0DIB*IN50I& M8,16"8"$"UQL&=3T&1`0X(`^,%4086#!5PF!A-3Q2P?\H<`!XE"^+9(S:+XK M0`"0`%@*^(E??RA#=X];B!1DH+&.G>0-CI"-&90@!E!8P65)EEDN;%8HE>CC M%G2P@9[5,5"'(Y<EE\ MI:"`4(D9!DTT`>#X1Z`M_&<9/WC1!GX`N`#CMP-#,U[`!@"C]PVB"U60Y`04 MRH49S``+A*X!1&.``1G@!`4XN/"%)^`JJ3A"/(2@T=`&4(&@M?,%_8G#"11@ M,U/^#6LS7,+A9.2!`%LL>&W%GI]J%8>J_@$(+Y+8'^37LC[@&1(\]#8!DH"+ M\`E2B`>90L_>%T88:$H0?^V#R@>AOP)LP`5+:%F(E.RGCAQM"\:RV(M65/0\ M`K+=7?C!#TYPX#*$VP$`/5@`%,$!!`F+8Y`K$@`$L"%QD`OA`@?.L`(>T MP01"4*+-VE!`6A%"O@$`@GH#((3_P@M!>TB`01_DAD]!)LP/(%WO(`(-?%"$"02GZB;DO#58-`8C`P3N\$\(5# M8"D-D&3XA0!/L'0A\@1,<(>GM71)$`>5R`)@$TTJTP"5V`$5\`381G>,`VXA M,@!^H'YJ$RVJ@R MV^@=ZF&.#_``7/0(W3@FA``>[D@(Z@%7X`B.Z7@FV+B-WMB.!!$>B"4(V!B0 MN``>:H)P)X<`3?`VA.`''1$$.?!U47`R"V`'7F`%4.$57(`#&0`"$A`#/?)8 MO\B,RW&2E2"1CC5"5%`%'W`"%-`"P-$"=H!]-]`#9>`"'N`0!T2P`!^@FG0)!!9P&(*0`&R"`"(P`!N0`,WH`4^P M!W[P`&=``2\@G'F`!A!PG,BIE0^0!UEP`B[`!$[0)&@&`_M29=Y0`7+`715` M`:ET!W=P`5D0GN.IE0=@`2.`+[OI)-XF2`$P``808P%0`!=0`+T2.`IR!Q80 M(?T9E`@``2%@!@Q@!Q9``DOC'R^B`WEE1'=P-0#D)P8@!'<@GA5ZDCXP&T?2 M`$PP@T(4-%)0_P$/\`,!<`<00#Q^\B+&1R5/T`0MBI+O405L(`(CL`<#X%^@ MMP5T50%#\!MW4*"I,P33,@*'6*2[H2-5\`,\P`!)1STO4@!RX`)3L`-4VB<$ M$(2XT`3)P:7*P0,0\)W%<@`\`$U6^@0-8`87@)_$PS\=`"K0,G=RRAG&X@$? MD`<6!P0=X(5\:`8/T`%=-H=GT&D!DP<#>:BK<055X`9;,0A+(`<=8`!G\`0; MH0![@`"O4PA7<`>]R:F\P02EDI5YD`!"H8^&2@@?\!*RRANC\2J#L`80$`1S M20@-P*H$$000P)R_NAHM4"JD(`A:@"$2$`G5I0%+X`%EP*PL^JR XML 13 R19.xml IDEA: Note 14 - ACQUISITIONS 2.0.0.10 false Note 14 - ACQUISITIONS 01040 - Disclosure - Note 14 - ACQUISITIONS true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_BusinessCombinationDescriptionAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_BusinessCombinationDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">14</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">ACQUISITIONS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Effective April 1, 2010, the Company acquired Sayerlack Industrial Coatings (Sayerlack) for $53.8 million, excluding any post-closing adjustments. Headquartered in Pianoro, Italy, Sayerlack is a leading coatings innovator in the joinery, furniture and cabinets m arkets. The acquisition will strengthen the Global Finishes Group's growing global platform for product finishes. A valuation will be completed in the second quarter, and Sayerlack will be included in the Company's consolidated financial statements after the date of acquisition. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">During the first quarter of 2009, the Company acquired Altax Sp. zo.o. (Altax). Headquartered in Poznan, Poland, Altax is a leading innovator of protective woodcare coatings and serves multiple channels, including industrial, professional and DIY. Included in the Consumer Group, the acquisition provides a platform for further growth in Central Europe. The aggregate consideration paid for Altax was $11.5 million, net of cash acquired, including the assumption of certain financial obligations. The acquisitio n resulted in the recognition of goodwill and intangible assets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The following unaudited pro-forma summary presents consolidated financial information as if Altax had been acquired as of the beginning of each period presented. The pro-forma consolidated financial information does not necessarily reflect the actual results that would have occurred had the acquisition taken place on January 1, </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> or of future results of operations of the combined companies under ownership and operation of the Company.</font></p><p style='margin-top:0pt; margin-bottom:0pt'> ;&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td colspan="5" style="width: 276px; text-align:left;border-color:#000000;min-width:276px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">(Thousands of dollars except per share data)</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:left;border-color:#000000;min-width:72px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160; </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="5" style="width: 180px; text-align:center;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="5" style="width: 180px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr>&l t;tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-FAMILY: T imes New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net sales</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,565,482</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160; </td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,550,947</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGH T: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 32,603</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 36,884</font></td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td ><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td></tr><tr style="height: 17px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income per common share:</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72 px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 72px; text-align:center;border-color:#000000;min-width:72px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Basic</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><t d style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 0.32</font></td></tr><tr style="height: 17px"><td style="width: 31px; text-align:left;border-color:#000000;min-width:31px;">&#160;</td><td style="width: 149px; text-align:left;border-color:#000000;min-width:149px;"><font style="FONT-FAMILY: Times New Roma n;FONT-SIZE: 10pt;COLOR: #000000;">Diluted</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">0.30</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 72px; text-align:right;border-color:#000000;min-width:72px;"><font style="F ONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;"> 0.31</font></td></tr></table></div> NOTE 14&#8212;ACQUISITIONS&#160;Effective April 1, 2010, the Company acquired Sayerlack Industrial Coatings (Sayerlack) for $53.8 million, excluding any false false false Description of a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. This element may be used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding business combinations, including leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51, 52 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 88-16 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 67-73 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph F4 -Subparagraph e -Appendix F false false 1 2 false UnKnown UnKnown UnKnown false true XML 14 R11.xml IDEA: Note 6 - EXIT OR DISPOSAL ACTIVITIES 2.0.0.10 false Note 6 - EXIT OR DISPOSAL ACTIVITIES 00960 - Disclosure - Note 6 - EXIT OR DISPOSAL ACTIVITIES true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_ExitOrDisposalActivitiesDisclosureAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">6</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;EXIT OR DISPOSAL ACTIVITIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Liabilities associated with exit or disposal activities are recognized as incurred in accordance with the Exit or Disposal Cost Obligations Topic of the ASC. Qualified exit costs primarily include post-closure rent expenses, incremental post-closure costs and costs of employee terminations. Adjustments may be made to liabili ties accrued for qualified exit costs if information becomes available upon which more accurate amounts can be reasonably estimated. Concurrently, property, plant and equipment is tested for impairment in accordance with the Property, Plant and Equipment Topic of the ASC, and if impairment exists, the carrying value of the related assets is reduced to estimated fair value. Additional impairment may be recorded for subsequent revisions in estimated fair value. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-s ize:12pt;">, </font><font style="font-family:Times New Roman;font-size:12pt;">3</font><font style="font-family:Times New Roman;font-size:12pt;"> stores in the Paint Stores Group were closed due to lower demand or redundancy. During the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, amounts charged to SG&amp;A included qualified exit costs of $.01 million related to </font><font style="font-family:Times New Roman;font-size:12pt;">3</font><font style="font-family:Times New Roman;font-size:12pt;"> closed stores, and amounts charged to Cost of goods sold included $.4 million for severance costs related to a Consumer Group manufacturing facility closed during 2009. A djustments to prior provisions of $.3 million related to Global Finishes Group facilities closed during 2009 were recorded in Other general expense &#8211; net in the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The following table summarizes the activity and remaining liabilities associated with qualified exit costs for the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;& lt;/td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#0000 00;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&# 160;</td><td style="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Actual</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Adjustments to</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td styl e="width: 59px; text-align:left;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Balance at</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Provisions in</font></ td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">expenditures</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">prior provisions</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Balance at</font>< ;/td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Cost of goods</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width :9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">charged to</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">in Other general</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width: 9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:315px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">Exit Plan</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Rom an;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">sold or SG&amp;A</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">accrual</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">expense - net</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td colspan="2" style="width: 68p x; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group stores shutdown in 2010:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000 000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td sty le="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td st yle="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 7</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width: 59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 7</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</ td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color: #000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group stores shutdown in 2009:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right ;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td>&l t;td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="wi dth: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">3,213</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-AL IGN: right;"> (331)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 2,882</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000 ;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Consumer Group manufacturing facilities shutdown in 2009:</font>&l t;/td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-c olor:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Severance and related costs</font></td><td style="width: 9px; text-align:left;border- color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">4,532</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">429</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;"& gt;&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(2,119)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,842</font></td>< ;td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,258</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">& #160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(64)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; tex t-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,194</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-al ign:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;< /td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Global Finishes Group manufacturing facility and branches </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000; min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="wi dth: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">shutdown in 2009:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59 px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px; ">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Severance and related costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">204</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000 000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(92)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT - -FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(16)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">96</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#16 0;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">3,703</font></td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(357)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(256)</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">3,090</font></td><td style="width: 9px; text-align:left; border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#00000 0;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"> <font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group manufacturing and distribution </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</t d><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:center;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:center;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bol d;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">facilities, administrative offices and stores shutdown in 2008:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="widt h: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Rom an;FONT-SIZE: 7pt;COLOR: #000000;"> Severance and related costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 70</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000 ;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(36)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">34</font>& lt;/td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">5,426</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px ;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(532)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="wid th: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">4,894</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9 px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&a mp;#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Consumer Group manufacturing and distribution facilities</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:# 000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style=" width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">shutdown in 2008:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px ; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&am p;#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Severance and related costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">311</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-wi dth:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">311</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">83</font></td& gt;<td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(15)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right ;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">68</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border- color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Global Finishes Group administrative offices and branches </font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"> ;&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:ri ght;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">shutdown in 2008:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border- color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">88</font>< /td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">(12)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:r ight;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">76</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;bor der-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td>< td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Paint Stores Group manufacturing facility shutdown in 2007:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px ;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-ali gn:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 1,578</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> (60)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#0000 00;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">1,518</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;mi n-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59 px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Consumer Group manufacturing facility shutdown in 2007:</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td&g t;<td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#0 00000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;"> Other qualified exit costs</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:# 000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,166</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td> ;<td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">2,166</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td>< td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000; min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Other qualified exit costs for facilities shutdown prior to 2003</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; te xt-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> 7,501</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;"> (843)</font></td><td style="width: 9px; text-align:right;border-colo r:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #0000ff;TEXT-ALIGN: right;">6,658</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#0 00000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="wi dth: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 59px; text-align:right;border-color:#000000;min-width:59px;">&#160;</td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr><tr style="height: 13px"><td style="width: 315px; text-align:left;border-color:#000000;min-width:315px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;">Totals</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top- style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> 31,133</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-sty le:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> 436</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> (4,461)</font></td><td sty le="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> (272)</font></td><td style="width: 9px; text-align:right;border-color:#000000;min-width:9px;">&#160;</td><td style="width: 9px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:9px;"><font style="FONT-WEI GHT: bold;FONT-FAMILY: Arial;FONT-SIZE: 7pt;COLOR: #000000;">$</font></td><td style="width: 59px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:59px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 7pt;COLOR: #000000;TEXT-ALIGN: right;"> 26,836</font></td><td style="width: 9px; text-align:left;border-color:#000000;min-width:9px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For further details on the Company's exit or disposal activities, see Note 6 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p> NOTE 6&#8212;EXIT OR DISPOSAL ACTIVITIES&#160;Liabilities associated with exit or disposal activities are recognized as incurred in accordance with the Exit or false false false Description of restructuring activities including exit and disposal activities, which should include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. This description does not include restructuring costs in connection with a business combination or discontinued operations and long-lived assets (disposal groups) sold or classified as held for sale. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 20 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 false false 1 2 false UnKnown UnKnown UnKnown false true XML 15 R10.xml IDEA: Note 5 - PRODUCT WARRANTIES 2.0.0.10 false Note 5 - PRODUCT WARRANTIES 00950 - Disclosure - Note 5 - PRODUCT WARRANTIES true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_ProductWarrantiesDisclosuresAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_ProductWarrantyDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">5</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;PRODUCT WARRANTIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Changes in the Company's accrual for product warranty claims during the first </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months of </font><font style="font-family:Times New Roman;font-size:12pt;">2010</font><font style="font-family:Times New Roman;font-size:12pt ;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">, including customer satisfaction settlements, were as follows:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">(Thousands of dollars)</font></td><td colspan="2" style="width: 81px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:81px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="wi dth: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width: 64px;">&#160;</td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Balance at January 1</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 22,214</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center ;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 18,029</font></td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Charges to expense</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 4,108</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td>< ;td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 4,297</font></td></tr><tr style="height: 20px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Settlements </font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> (4,822)</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:left;bord er-color:#000000;min-width:15px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> (4,632)</font></td></tr><tr style="height: 21px"><td style="width: 164px; text-align:left;border-color:#000000;min-width:164px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;">Balance at March 31</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:66px;">< ;font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 21,500</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 11pt;COLOR: #000000;"> 17,694</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For further details on the Company's accrual for product warranty claims, see Note 1 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p> NOTE 5&#8212;PRODUCT WARRANTIES&#160;Changes in the Company's accrual for product warranty claims during the first three months of 2010 and 2009, including false false false Disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 45 -Paragraph 14 -Subparagraph a, b false false 1 2 false UnKnown UnKnown UnKnown false true XML 16 R8.xml IDEA: Note 3 - DIVIDENDS 2.0.0.10 false Note 3 - DIVIDENDS 00920 - Disclosure - Note 3 - DIVIDENDS true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_DividendsAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 shw_DividendsTextblock shw false na duration string Dividends paid on common stock false false false false false false false false false false false terselabel false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">3</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;DIVIDENDS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Dividends paid on common stock during </font><font style="font-family:Times New Roman;font-size:12pt;">the first quarter</font><font style="font-family:Times New Roman;font-size:12pt;"> of </font><font style="font-family:Times New Roman;font-size:12pt;">2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font - -family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> were $</font><font style="font-family:Times New Roman;font-size:12pt;">0.360</font><font style="font-family:Times New Roman;font-size:12pt;"> per common share and $</font><font style="font-family:Times New Roman;font-size:12pt;">0.355</font><font style="font-family:Times New Roman;font-size:12pt;"> per common share, respectively.</font></p> NOTE 3&#8212;DIVIDENDS&#160;Dividends paid on common stock during the first quarter of 2010 and 2009 were $0.360 per common share and $0.355 per common share, false false false Dividends paid on common stock No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true XML 17 R22.xml IDEA: Note 17 - NON-TRADED INVESTMENTS 2.0.0.10 false Note 17 - NON-TRADED INVESTMENTS 01070 - Disclosure - Note 17 - NON-TRADED INVESTMENTS true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_NonTradedInvestmentsAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 shw_NonTradedInvestments shw false na duration string Description of Company's non-traded investments which are classified as variable interest entities but do not meet the... false false false false false false false false false false false terselabel false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">17</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">NON-TRADED INVESTMENTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company has invested in the U.S. affordable housing and historic renovation real estate markets. These non-traded investments have been identified as variable interest entities. However, because the Company does not have the power to direct the day-to-day operations of the investments and the risk of loss is li mited to the amount of contributed capital, the Company is not considered the primary beneficiary. In accordance with the Consolidation Topic of the ASC, the investments are not consolidated. The Company uses the effective yield method to determine the carrying value of the investments. Under the effective yield method, the initial cost of the investments is amortized over the period that the tax credits are recognized. The carrying amount of the investments, included in Other assets, was $96.0 million at March 31, 2010. The liability for estimated future capital contributions to the investments was $78.9 million at March 31, 2010.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> NOTE 17&#8212;NON-TRADED INVESTMENTS&#160;The Company has invested in the U.S. affordable housing and historic renovation real estate markets. These false false false Description of Company's non-traded investments which are classified as variable interest entities but do not meet the criteria for consolidation No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true XML 18 R18.xml IDEA: Note 13 - REPORTABLE SEGMENT INFORMATION 2.0.0.10 false Note 13 - REPORTABLE SEGMENT INFORMATION 01030 - Disclosure - Note 13 - REPORTABLE SEGMENT INFORMATION true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_ReportableSegmentInformationDisclosureAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_SegmentReportingDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">13</font><font style="font-family:Times New Roman;font-size:11pt;font-weight:bold;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">REPORTABLE SEGMENT INFORMATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company reports segment information in the same way that management internally organizes its business for assessing performance and making decisions regarding a llocation of resources in accordance with the Segment Disclosures Topic of the ASC.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td> ;<td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:left;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:left;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="w idth: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td colspan="14" style="width: 444px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:444px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2010</font></td></tr><tr style="height: 52px"><td style="width: 210px; text-align:center;border-color:#000000;min-width:210px;">&#160;</td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Paint Stores Group</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 77px; border-bottom-style:solid;borde r-bottom-width:1px;text-align:center;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consumer Group</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Global Finishes Group</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Administrative</font></td><td st yle="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consolidated Totals</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net external sales</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT - -SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">850,912</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">292,149</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-ali gn:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">421,099</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,322</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,565,482</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Intersegment transfers</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">281,169</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">22,255</font></td><td style="width: 13px; text-align:right;border-color:#0 00000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(303,424)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000 ;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total net sales and intersegment transfers</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">850,912</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FON T-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">573,318</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">443,354</font></td><td sty le="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(302,102)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></t d><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,565,482</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;b order-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-col or:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Segment profit </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">47,755</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-widt h:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">37,466</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">23,003</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74p x;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">108,224</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Interest expense</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000; min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td&g t;<td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(11,569)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(11,569)</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Administrative expenses and other</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom - -width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-a lign:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(37,197)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;" ><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(37,197)</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income before income taxes </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">47,755</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:r ight;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">37,466</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">*</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman ;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">23,003</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(48,766)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; tex t-align:right;border-color:#000000;min-width:62px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">59,458</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:center;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:center;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13 px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:center;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:center;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td colspan="14" style="width: 444px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:444px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended March 31, 2009</font></td></tr><tr style="height: 48px"><td style="width: 210px; text-align:center;border-color:#000000;min-width:210px;">&#160;</td><td colspan="2" style="width: 79px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:79px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Paint Stores Group</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 77px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:77px;"><font style="FONT-FAMILY: Times New Roman;FONT-S IZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consumer Group</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Global Finishes Group</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 87px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:87px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Administrative</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 75p x; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Consolidated Totals</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net external sales</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">898,408</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">& ;#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">288,152</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">362,511</font></td><td style="width: 13px; text-align:right; border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,606</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,550,677</font></td>& lt;/tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Intersegment transfers</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT - -SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">270,813</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">34,750</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(305,563)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Total net sales and intersegment transfers</font></td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #00 0000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">898,408</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">558,965</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">& amp;#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">397,261</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:74px;" ><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(303,957)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,550,677</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><t d style="width: 66px; text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:right;border-col or:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Segment profit </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">56, 580</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">30,204</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9p t;COLOR: #000000;TEXT-ALIGN: right;">5,305</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">92,089</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-co lor:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Interest expense</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(12,202)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(12,202)</font></td></tr><tr style="height: 16px"><td style="wid th: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Administrative expenses and other</font></td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width: 13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(28,994)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; border - -bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(28,994)</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Income before income taxes </font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 66px; text-align:right;border-color:#000000;min-width:66px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000; TEXT-ALIGN: right;">56,580</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">30,204</font></td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: left;">*</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td>& lt;td style="width: 61px; text-align:right;border-color:#000000;min-width:61px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">5,305</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 74px; text-align:right;border-color:#000000;min-width:74px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">(41,196)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT- ALIGN: right;">$</font></td><td style="width: 62px; text-align:right;border-color:#000000;min-width:62px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">50,893</font></td></tr><tr style="height: 16px"><td style="width: 210px; text-align:left;border-color:#000000;min-width:210px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 66px; text-align:left;border-color:#000000;min-width:66px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13p x;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 61px; text-align:left;border-color:#000000;min-width:61px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 74px; text-align:center;border-color:#000000;min-width:74px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 13px; text-align:left;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 62px; text-align:center;border-color:#000000;min-width:62px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; marg in-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">* Segment profit includes $</font><font style="font-family:Times New Roman;font-size:10pt;">4,019</font><font style="font-family:Times New Roman;font-size:10pt;"> and $</font><font style="font-family:Times New Roman;font-size:10pt;">3,323</font><font style="font-family:Times New Roman;font-size:10pt;"> of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the </font><font style="font-family:Times New Roman;font-size:10pt;">first</font><font style="font-family:Times New Roman;font-size:10pt;"> quarter of </font><font style="font-family:Times New Roman;font-size:10pt;">2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Time s New Roman;font-size:10pt;">, respectively.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><font style="FONT-FAMILY: Arial;FONT-SIZE: 9pt;COLOR: #000000;" /><br/><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In the reportable segment financial information, Segment profit was total net sales and intersegment transfers less operating costs and expenses. Domestic intersegment transfers were accounted for at the approximate fully absorbed manufactured cost, based on normal capacity volumes, plus customary distribution costs. International intersegment transfers were accounted for at values comparable to normal unaffiliated customer sales. The Administrative segment includes the administrative expenses of the Company's corporate headquarters site. Also included in the Administrative segment was interest expense, interest and investment income, certain expenses related to closed facilities and environmental-related matters, and other expenses which were not directly associated with the Reportable Operating Segments. The Administrative segment did not include any significant foreign operations. Also included in the Administrative segment was a real estate management unit that is responsible for the ownership, management and leasing of non-retail properties held primarily for use by the Company, including the Company's headquarters site, and disposal of idle facilities. Sales of this segment represented external leasing revenue of excess headquarters space or leasing of facilities no longer used by the Company in its primary businesses. Gains and losses from the sale of property were not a significant operating factor in determining the performance of the Administrative segment.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt' ><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Net external sales and segment profit of all consolidated foreign subsidiaries were $</font><font style="font-family:Times New Roman;font-size:12pt;">281.7</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">24.2</font><font style="font-family:Times New Roman;font-size:12pt;"> million, respectively, for the </font><font style="font-family:Times New Roman;font-size:12pt;">first</font><font style="font-family:Times New Roman;font-size:12pt;"> quarter of </font><font style="font-family:Times New Roman;font-size:12pt;">2010</font><font style="font-family:Times New Roman;font-size:12pt;">, and $</font><font style="font-family:Times New Roman;font-size:12pt;">219.8</font><font style="font-family:Times New Roman;font-size:12pt;" > million and $</font><font style="font-family:Times New Roman;font-size:12pt;">0.3</font><font style="font-family:Times New Roman;font-size:12pt;"> million, respectively, for the </font><font style="font-family:Times New Roman;font-size:12pt;">first</font><font style="font-family:Times New Roman;font-size:12pt;"> quarter of </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">. Long-lived assets of these subsidiaries totaled $</font><font style="font-family:Times New Roman;font-size:12pt;">242.4</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">223.4</font><font style="font-family:Times New Roman;font-size:12pt;"> million at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010& lt;/font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">, respectively. Domestic operations accounted for the remaining net external sales, segment profits and long-lived assets. No single geographic area outside the United States was significant relative to consolidated net external sales, income before taxes, or consolidated long-lived assets.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Export sales and sales to any individual customer were each less than 10 percent of consolidated sales to unaffiliated customers during all periods presented.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> NOTE 13&#8212;REPORTABLE SEGMENT INFORMATION&#160;The Company reports segment information in the same way that management internally organizes its business for false false false This element may be used to capture the complete disclosure of 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% 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 false false 1 2 false UnKnown UnKnown UnKnown false true XML 19 R12.xml IDEA: Note 7 - HEALTH CARE, PENSION AND OTHER BENEFITS 2.0.0.10 false Note 7 - HEALTH CARE, PENSION AND OTHER BENEFITS 00970 - Disclosure - Note 7 - HEALTH CARE, PENSION AND OTHER BENEFITS true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_GeneralDiscussionOfPensionAndOtherPostretirementBenefitsAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">7</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">HEALTH CARE, PENSION AND OTHER BENEFITS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Shown below are the components of the Company's net periodic benefit cost for domestic defined benefit pension plans, foreign defined benefit pension plans and postretirement benefits other than pensions:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div> <table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(Thousands of dollars)</font></td><td colspan="5" style="width: 137px; text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Domestic Defined</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Foreign Defined</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Postretirement Benefits</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;</td><td colspan="5" style="width: 137px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Benefit Pension Plans</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: c enter;">Benefit Pension Plans</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="5" style="width: 137px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:137px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Other than Pensions</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width: 11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-b ottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 63px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:63px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #00000 0;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min - -width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td></tr><tr styl e="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Three Months Ended March 31:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style= "width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width :52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Net periodic benefit cost:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"> &#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align :left;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Service cost</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,189</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$< /font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,316</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">501</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$& lt;/font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">306</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">883</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$ </font></td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">848</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Interest cost</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,440</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style=" width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,617</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,036</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">735</font></td>< td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,017</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3,924</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 1 0pt;COLOR: #000000;"> Expected return on assets</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(10,515)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(9,201)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</ td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(715)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(453)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min - -width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Amortization of:</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">& amp;#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td><td style="width: 11px; text-align: left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:left;border-color:#000000;min-width:52px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Prior service cost (credit)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">415</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;bo rder-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">387</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Rom an;FONT-SIZE: 10pt;COLOR: #000000;">11</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(164)</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(164)</font></td></tr><tr style="height: 17px"><td style="width: 215px; text-align:left;border-color:#000000;min-width :215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Actuarial loss </font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,691</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">7,208</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left; border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">347</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">78</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT- FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">326</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 52px; text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">72</font></td></tr><tr style="height: 18px"><td style="width: 215px; text-align:left;border-color:#000000;min-width:215px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> Net periodic benefit cost </font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COL OR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">3,220</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">8,327</font ></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">1,176</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"&g t;<font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">677</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-WEIGHT: bo ld;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">5,062</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 52px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:52px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">4,680</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For fur ther details on the Company's health care, pension and other benefits, see Note 7 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> NOTE 7&#8212;HEALTH CARE, PENSION AND OTHER BENEFITS&#160;Shown below are the components of the Company's net periodic benefit cost for domestic defined false false false Description containing the entire pension and other postretirement benefits disclosure as a single block of text. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS106-2 -Paragraph 20, 21, 22 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5, 6, 7, 8 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 87 -Paragraph 264 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Implementation Guide (Q and A) -Number FAS88 -Paragraph 63 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 158 -Paragraph 7, 21, 22 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph b Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 30 -Paragraph 26 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 106 -Paragraph 518 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 03-2 -Paragraph 8 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 8 -Subparagraph m Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph h Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph a Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph q false false 1 2 false UnKnown UnKnown UnKnown false true XML 20 R3.xml IDEA: CONSOLIDATED BALANCE SHEETS (UNAUDITED) 2.0.0.10 false CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $) 00300 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) true false In Thousands false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 2 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 3 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 5 3 us-gaap_AssetsCurrentAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false No definition available. false 6 4 us-gaap_CashAndCashEquivalentsAtCarryingValue us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 true true false false 91173000 91173 false false false 2 true true false false 69329000 69329 false false false 3 true true false false 42245000 42245 false false false Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased th ree years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 false 7 4 us-gaap_AccountsReceivableNetCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 797816000 797816 false false false 2 false true false false 696055000 696055 false false false 3 false true false false 785640000 785640 false false false Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3 -Subparagraph a(1) -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 4 -Article 5 false 8 4 us-gaap_InventoryNetAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false No definition available. false 9 5 us-gaap_InventoryFinishedGoods us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 673244000 673244 false false false 2 false true false false 630683000 630683 false false false 3 false true false false 734168000 734168 false false false Carrying amount as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 false 10 5 shw_WorkInProcessAndRawMaterials shw false debit instant monetary Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process,... false false false false false false false false false false false false 1 false true false false 114072000 114072 false false false 2 false true false false 107805000 107805 false false false 3 false true false false 104648000 104648 false false false Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process, and merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing No authoritative reference available. false 11 5 us-gaap_InventoryNet us-gaap true debit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 787316000 787316 false false false 2 false true false false 738488000 738488 false false false 3 false true false false 838816000 838816 false false false Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). No authoritative reference available. true 12 4 us-gaap_DeferredTaxAssetsNetCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 121142000 121142 false false false 2 false true false false 121276000 121276 false false false 3 false true false false 97676000 97676 false false false The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; after deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value. Deferred tax liabilities and assets shall be classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, shall be classified according to the expected reversal date of the temporary difference. An unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating los s carryforward should be presented as a reduction of the related deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 41, 42, 43 false 13 4 us-gaap_OtherAssetsCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 152951000 152951 false false false 2 false true false false 144871000 144871 false false false 3 false true false false 143312000 143312 false false false Aggregate carrying amount, as of the balance sheet date, of current assets not separately presented elsewhere in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 8 -Article 5 false 14 4 us-gaap_AssetsCurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 1950398000 1950398 false false false 2 false true false false 1770019000 1770019 false false false 3 false true false false 1907689000 1907689 false false false Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 9 -Article 5 true 15 3 us-gaap_Goodwill us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 1014911000 1014911 false false false 2 false true false false 1014825000 1014825 false false false 3 false true false false 1009069000 1009069 false false false Carrying amount as of the balance sheet date, which is the cumulative amount paid, adjusted for any amortization recognized prior to adoption of FAS 142 and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 43 false 16 3 us-gaap_IntangibleAssetsNetExcludingGoodwill us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 273377000 273377 false false false 2 false true false false 279413000 279413 false false false 3 false true false false 299629000 299629 false false false Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 45 false 17 3 us-gaap_DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 247145000 247145 false false false 2 false true false false 245301000 245301 false false false 3 false true false false 214816000 214816 false false false The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph c false 18 3 us-gaap_OtherAssetsNoncurrent us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 215593000 215593 false false false 2 false true false false 195612000 195612 false false false 3 false true false false 132684000 132684 false false false Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet due to materiality considerations. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 17 -Article 5 false 19 3 us-gaap_PropertyPlantAndEquipmentGrossAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false No definition available. false 20 4 us-gaap_Land us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 84408000 84408 false false false 2 false true false false 85166000 85166 false false false 3 false true false false 85383000 85383 false false false Carrying amount as of the balance sheet date of real estate held for productive use. This excludes land held for sale. No authoritative reference available. false 21 4 us-gaap_BuildingsAndImprovementsGross us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 594858000 594858 false false false 2 false true false false 600687000 600687 false false false 3 false true false false 585175000 585175 false false false Carrying amount as of the balance sheet date of long-lived, depreciable assets that include building structures held for productive use including any addition, improvement, or renovation to the structure, such as interior masonry, interior flooring, electrical, and plumbing. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 false 22 4 us-gaap_MachineryAndEquipmentGross us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 1514084000 1514084 false false false 2 false true false false 1512218000 1512218 false false false 3 false true false false 1521639000 1521639 false false false Carrying amount as of the balance sheet date of long-lived, depreciable asset used in production process to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 false 23 4 us-gaap_ConstructionInProgressGross us-gaap true debit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 24954000 24954 false false false 2 false true false false 23086000 23086 false false false 3 false true false false 21743000 21743 false false false Carrying amount at the balance sheet date of long-lived asset under construction that include construction costs to date on capital projects that have not been completed and assets being constructed that are not ready to be placed into service. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 false 24 4 us-gaap_PropertyPlantAndEquipmentGross us-gaap true debit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 2218304000 2218304 false false false 2 false true false false 2221157000 2221157 false false false 3 false true false false 2213940000 2213940 false false false Carrying amount at the balance sheet date for long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, physical structures, machinery, vehicles, furniture, computer equipment, construction in progress, and similar items. Amount does not include depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 true 25 4 us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 1410582000 1410582 false false false 2 false true false false 1402472000 1402472 false false false 3 false true false false 1365471000 1365471 false false false The cumulative amount of depreciation, depletion and amortization (related to property, plant and equipment, but not including land) that has been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -Subparagraph c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 14 -Article 5 false 26 4 us-gaap_PropertyPlantAndEquipmentNet us-gaap true debit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 807722000 807722 false false false 2 false true false false 818685000 818685 false false false 3 false true false false 848469000 848469 false false false Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 13 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 12 -Paragraph 5 -Subparagraph b, c Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 8 -Article 7 true 27 3 us-gaap_Assets us-gaap true debit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 4509146000 4509146 false false false 2 false true false false 4323855000 4323855 false false false 3 false true false false 4412356000 4412356 false false false Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Concepts (CON) -Number 6 -Paragraph 25 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 18 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7 true 29 3 us-gaap_LiabilitiesCurrentAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false No definition available. false 30 4 us-gaap_ShortTermBorrowings us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 245474000 245474 false false false 2 false true false false 22674000 22674 false false false 3 false true false false 765130000 765130 false false false Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13 -Subparagraph 2, 3 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 16 -Subparagraph a(1) -Article 7 false 31 4 us-gaap_AccountsPayableCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 705309000 705309 false false false 2 false true false false 674766000 674766 false false false 3 false true false false 629965000 629965 false false false Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 false 32 4 us-gaap_EmployeeRelatedLiabilitiesCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 140900000 140900 false false false 2 false true false false 176538000 176538 false false false 3 false true false false 127151000 127151 false false false Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 false 33 4 us-gaap_TaxesPayableCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 62408000 62408 false false false 2 false true false false 76499000 76499 false false false 3 false true false false 51436000 51436 false false false Carrying value as of the balance sheet date of obligations incurred and payable for statutory income, sales, use, payroll, excise, real, property and other taxes. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20 -Article 5 false 34 4 us-gaap_LongTermDebtCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 12180000 12180 false false false 2 false true false false 12267000 12267 false false false 3 false true false false 14988000 14988 false false false Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Article 5 false 35 4 us-gaap_OtherLiabilitiesCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 391471000 391471 false false false 2 false true false false 430924000 430924 false false false 3 false true false false 373482000 373482 false false false Aggregate carrying amount, as of the balance sheet date, of current obligations not separately disclosed in the balance sheet due to materiality considerations. Current liabilities are expected to be paid within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 3 -Section A -Paragraph 8 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 6 -Paragraph 15 false 36 4 us-gaap_LiabilitiesCurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 1557742000 1557742 false false false 2 false true false false 1393668000 1393668 false false false 3 false true false false 1962152000 1962152 false false false Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 21 -Article 5 true 37 3 us-gaap_LongTermDebtNoncurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 783082000 783082 false false false 2 false true false false 782670000 782670 false false false 3 false true false false 297754000 297754 false false false Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 false 38 3 us-gaap_OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 284228000 284228 false false false 2 false true false false 283784000 283784 false false false 3 false true false false 249384000 249384 false false false This represents the noncurrent liability recognized in the balance sheet that is associated with other postretirement defined benefit plans (excluding pension plans). (The current liability will be separate, but it will normally be small, if there is even any at all.) Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph c Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 6 false 39 3 us-gaap_OtherLiabilitiesNoncurrent us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 388948000 388948 false false false 2 false true false false 372783000 372783 false false false 3 false true false false 321107000 321107 false false false Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 24 -Article 5 false 40 3 us-gaap_StockholdersEquityAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false No definition available. false 41 4 us-gaap_CommonStockValue us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 229453000 229453 false false false 2 false true false false 228647000 228647 false false false 3 false true false false 227793000 227793 false false false Dollar value of issued common stock whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 false 42 4 us-gaap_PreferredStockValue us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 216753000 216753 false false false 2 false true false false 216753000 216753 false false false 3 false true false false 216753000 216753 false false false Dollar value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) whether issued at par value, no par or stated value. This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5 false 43 4 us-gaap_UnearnedESOPShares us-gaap true debit instant monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -216753000 -216753 false false false 2 false true false false -216753000 -216753 false false false 3 false true false false -216753000 -216753 false false false Fair value of unearned shares for all classes of common stock and nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by an employee stock ownership plan (ESOP). Includes the sale of shares or the issuance treasury shares to an ESOP. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -Subparagraph e Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 13 false 44 4 us-gaap_OtherAdditionalCapital us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 1101594000 1101594 false false false 2 false true false false 1068963000 1068963 false false false 3 false true false false 1026439000 1026439 false false false This element represents additional paid-in capital other than attributable to capital contributed by shareholders in excess of the par or stated value of the common or preferred stock issued by an entity. Certain entities report two components of additional paid-in capital consisting of (i) capital in excess of par or stated value and (ii) other additional capital. This member should only be used if the entity distinguishes between additional paid-in-capital and other additional capital in its financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 62, 63 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section T Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 14 -Paragraph 18 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 98-5 -Paragraph 5 false 45 4 us-gaap_RetainedEarningsAccumulatedDeficit us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false 4511663000 4511663 false false false 2 false true false false 4518428000 4518428 false false false 3 false true false false 4241586000 4241586 false false false The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 false 46 4 us-gaap_TreasuryStockValue us-gaap true debit instant monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -4040580000 -4040580 false false false 2 false true false false -4007633000 -4007633 false false false 3 false true false false -3499045000 -3499045 false false false Value of common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Treasury stock is issued but is not outstanding. This stock has no voting rights and receives no dividends. Note that treasury stock may be recorded at its total cost or separately as par (or stated) value and additional paid in capital. Note: number of treasury shares concept is in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Technical Bulletin (FTB) -Number 85-6 -Paragraph 3 false 47 4 us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax us-gaap true credit instant monetary No definition available. false false false false false false false false false false false false 1 false true false false -306984000 -306984 false false false 2 false true false false -317455000 -317455 false false false 3 false true false false -414814000 -414814 false false false Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at fiscal year-end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, and unrealized gains and losses on certain investments in debt and equity securities as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 14, 17, 26 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 31 -Article 5 false 48 4 us-gaap_StockholdersEquity us-gaap true credit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 1495146000 1495146 false false false 2 false true false false 1490950000 1490950 false false false 3 false true false false 1581959000 1581959 false false false Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A3 -Appendix A Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 true 49 3 us-gaap_LiabilitiesAndStockholdersEquity us-gaap true credit instant monetary No definition available. false false false false false false false false false false false totallabel false 1 true true false false 4509146000 4509146 false false false 2 true true false false 4323855000 4323855 false false false 3 true true false false 4412356000 4412356 false false false Total of all Liabilities and Stockholders' Equity items. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 32 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 25 -Article 7 true false 3 44 false Thousands UnKnown UnKnown false true XML 21 R14.xml IDEA: Note 9 - LITIGATION 2.0.0.10 false Note 9 - LITIGATION 00990 - Disclosure - Note 9 - LITIGATION true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_LitigationDisclosureAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 shw_LitigationTextblock shw false na duration string Litigation false false false false false false false false false false false terselabel false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">9</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;LITIGATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In the course of its business, the Company is subject to a variety of claims and lawsuits, including litigation relating to product liability and warranty, personal injury, environmental, intellectual property, commercial, contractual and antitrust claims that are inherently subject to many uncertainties regarding the possibility of a loss to the Company. </font><font style="font-family:Times New Roman;font-size:12pt;"> These uncertainties will ultimately be resolved when one or more future events occur or fail to occur confirming the incurrence of a liability or the reduction of a liability. </font><font style="font-family:Times New Roman;font-size:12pt;"> In accordance with the Contingencies Topic of the ASC, the Company accrues for these contingencies by a charge to income when it is both probable that one or more future events will occur confirming the fact of a loss and the amount of the loss can be reasonably estimated. In the event that the Company's loss contingency is ultimately determined to be significantly higher than currently accrued, the recording of the additional liability may result in a material impact on the Company's results of operations, liquidity or financial condition for the annual or interim period during which such additional liability is accrued. </font><font style="font-family:Times New Roman;font-size:12pt;"> In those cases where no accrual is recorded because it is not probable that a liability has been incurred and cannot be reasonably estimated, any potential liability ultimately determined to be attributable to the Company may result in a material impact on the Company's results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. </font><font style="font-family:Times New Roman;font-size:12pt;"> In those cases where no accrual is recorded or exposure to loss exists in excess of the amount accrued, the Contingencies Topic of the ASC requires disclosure of the contingency when there is a reasonable possibility that a loss or additional loss may have been incurred if even the possibility may be remote.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">Lead pigment and lead-base d paint litigation</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">The Company's past operations included the manufacture and sale of lead pigments and lead-based paints. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company, along with other companies, is and has been a defendant in a number of legal proceedings, including individual personal injury actions, purported class actions, and actions brought by various counties, cities, school districts and other government-related entities, arising from the manufacture and sale of lead pigments and lead-based paints. </font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiffs' claims have been based upon various legal th eories, including negligence, strict liability, breach of warranty, negligent misrepresentations and omissions, fraudulent misrepresentations and omissions, concert of action, civil conspiracy, violations of unfair trade practice and consumer protection laws, enterprise liability, market share liability, public nuisance, unjust enrichment and other theories. </font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiffs seek various damages and relief, including personal injury and property damage, costs relating to the detection and abatement of lead-based paint from buildings, costs associated with a public education campaign, medical monitoring costs and others. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company is also a defendant in legal proceedings arising from the manufacture and sale of non-lead-based paints that seek recovery based upon various legal theories, including the failure to adequately warn of potential exposure to lead during surface preparation when using non-lead-based paint on surfaces previously painted with lead-based paint. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company believes that the litigation brought to date is without merit or subject to meritorious defenses and is vigorously defending such litigation. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company has not settled any lead pigment or lead-based paint litigation. The Company expects that additional lead pigment and lead-based paint litigation may be filed against the Company in the future asserting similar or different legal theories and seeking similar or different types of damages and relief.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Notwithstanding the Company's views on the merits, litigation is inherently subject to many uncertainties, and the Company ultimately may not prevail. </font><font style="font-family:Times New Roman;font-size:12pt;"> Adverse court rulings </font><font style="font-family:Times New Roman;font-size:12pt;">or determinations of liability, among other factors, could affect the lead pigment and lead-based paint litigation against the Company and encourage an increase in the number and nature of future claims and proceedings. </font><font style="font-family:Times New Roman;font-size:12pt;">In addition, from time to time, various legislation and administrative regulations have been enacted, promulgated or proposed to impose obligations on present and former manufacturers of lead pigments and lead-based paints respecting asserted health concerns associated with such products or to overturn the effect of court decisions in which the Company and other manufacturers have been successful.</font></p><p style='margin-top:0pt; margin- bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Due to the uncertainties involved, management is unable to predict the outcome of the lead pigment and lead-based paint litigation, the number or nature of possible future claims and proceedings, or the effect that any legislation and/or administrative regulations may have on the litigation or against the Company. In addition, management cannot reasonably determine the scope or amount of the potential costs and liabilities related to such litigation, or resulting from any such legislation and regulations. </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company has not accrued any amounts for such litigation. Any potential liability that may result from such litigation or such legislation and regulations cannot reasonably be estimated. In the event any significant liability is determined to be attributable to the Company relating to such litigation, the recording of the liability may result in a material impact on net income for the annual or interim period during which such liability is accrued. </font><font style="font-family:Times New Roman;font-size:12pt;"> Additionally, due to the uncertainties associated with the amount of any such liability and/or the nature of any other remedy which may be imposed in such litigation, any potential liability determined to be attributable to the Company arising out of such litigation may have a material adverse effect on the Company's results of operations, liquidity or financial condition. An estimate of the potential impact on the Company's results of operations, liquidity or financial condition cannot be made due to the aforementioned uncertainties.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:b old;margin-left:0px;">Public nuisance claim litigation.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">The Company and other companies are</font><font style="font-family:Times New Roman;font-size:12pt;"> or were defendants in legal proceedings seeking recovery based on public nuisance liability theories, among other theories, brought by the State of Rhode Island, the City of St. Louis, Missouri, various cities and counties in the State of New Jersey, various cities in the State of Ohio and the State of Ohio, the City of Milwaukee, Wisconsin and the County of Santa Clara, California and other public entities in the State of California. Except for the Santa Clara County, California proceeding, all of these legal proceedings have been concluded in favor of the Company and other defendants at various stages in the proceedings. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The proceedings initiated by the State of Rhode Island included two jury trials. T</font><font style="font-family:Times New Roman;font-size:12pt;">he claim was originally tried to a jury in 2002 and </font><font style="font-family:Times New Roman;font-size:12pt;">the court declared a mistrial as the jury, which was split four to two in favor of the defendants, was unable to reach a unanimous decision. The State of Rhode Island retried the case and on February 22, 2006, the jury returned a verdict, finding that (i) the cumulative presence of lead pigment in paints and coatings on buildings in the State of Rhode Island constitutes a public nuisance, (ii) the Company, along with two other defendants, caused or substantially contributed to the cre ation of the public nuisance, and (iii) the Company and two other defendants should be ordered to abate the public nuisance. The Company and two other defendants appealed and, on July 1, 2008, the Rhode Island Supreme Court, among other determinations, reversed the judgment of abatement with respect to the Company and two other defendants. The Rhode Island Supreme Court's decision reversed the public nuisance liability judgment against the Company on the basis that the complaint failed to state a public nuisance claim as a matter of law. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Santa Clara County, California proceeding was initiated in March 2000 </font><font style="font-family:Times New Roman;font-size:12pt;">and purports to be a class action on behalf of all public entities in the State of California other than the State and its agencies. The plaintiffs' asserted various claims including fraud and concealment, strict product liability/failure to warn, strict product liability/design defect, negligence, negligent breach of a special duty, public nuisance, private nuisance, and violations of California's Business and Professions Code. </font><font style="font-family:Times New Roman;font-size:12pt;">A number of the asserted claims were resolved in favor of the defendants through pre-trial proceedings. On </font><font style="font-family:Times New Roman;font-size:12pt;">March 3, 2006, the Court of Appeal, Sixth Appellate District, among other determinations, </font><font style="font-family:Times New Roman;font-size:12pt;">reversed the dismissal of the public nuisance claim for abatement brought by the cities of Santa Clara and Oakland and the City and County of San Francisco, and </font><font style="font-family:Times New Roman;font-size:12pt;">affirmed the dismissa l of the public nuisance claim for damages to the plaintiffs' properties. </font><font style="font-family:Times New Roman;font-size:12pt;">The plaintiffs have filed a motion for leave to file a fourth amended complaint. On April 4, 2007, the trial court entered an order granting the defendants' motion to bar payment of contingent fees to private attorneys. </font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiffs appealed the trial court's order and, </font><font style="font-family:Times New Roman;font-size:12pt;">on April 8, 2008, the </font><font style="font-family:Times New Roman;font-size:12pt;">California Court of Appeal reversed the trial court's order. The defendants filed a petition for review with the California Supreme Court and the Supreme Court has decided to review the Court of Appeal's decision. Proceedings in the trial court are stayed pending the appeal.</font></p><p style='margin-top:0pt; margin-bottom: 0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">Litigation seeking damages from alleged personal injury.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;">The Company and other companies are defendants in a number of legal proceedings seeking monetary damages and other relief from alleged personal injuries. </font><font style="font-family:Times New Roman;font-size:12pt;"> These proceedings include claims by children allegedly injured from ingestion of lead pigment or lead-containing paint, claims for damages allegedly incurred by the children's parents or guardians, and claims for damages allegedly incurred by professional painting contractors. </font><font style="font-family:Times N ew Roman;font-size:12pt;"> These proceedings generally seek compensatory and punitive damages, and seek other relief including medical monitoring costs. </font><font style="font-family:Times New Roman;font-size:12pt;"> These proceedings include purported claims by individuals, groups of individuals and class actions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The plaintiff in </font><font style="font-family:Times New Roman;font-size:12pt;">Thomas v. Lead Industries Association, et al.</font><font style="font-family:Times New Roman;font-size:12pt;">, initiated an action against the Company, other alleged former lead pigment manufacturers and the Lead Industries Association in September 1999. </font><font style="font-family:Times New Roman;font-size:12pt;"> The claims against the Co mpany and the other defendants include strict liability, negligence, negligent misrepresentation and omissions, fraudulent misrepresentation and omissions, concert of action, civil conspiracy and enterprise liability. </font><font style="font-family:Times New Roman;font-size:12pt;"> Implicit within these claims is the theory of "risk contribution" liability (Wisconsin's theory which is similar to market share liability) due to the plaintiff's inability to identify the manufacturer of any product that allegedly injured the plaintiff. </font><font style="font-family:Times New Roman;font-size:12pt;"> Following various pre-trial proceedings during which certain of the plaintiff's claims were dismissed by the court, on March 10, 2003, the trial court granted the defendants' motion for summary judgment, dismissing the case with prejudice and awarding costs to each defendant. </font><font style="font-family:Times New Roman;font-size:12pt;"> The plaintiff appealed and, on June 14, 2004, the Wisconsin Court of Appeals affirmed the trial court's decision. </font><font style="font-family:Times New Roman;font-size:12pt;"> On July 15, 2005, the Wisconsin Supreme Court reversed in part the trial court's decision and decided, assuming all of plaintiff's facts in the summary judgment record to be true, that the risk contribution theory could then apply to excuse the plaintiff's lack of evidence identifying any of the Company's or the other defendant's products as the cause of the alleged injury. </font><font style="font-family:Times New Roman;font-size:12pt;"> The case was remanded to the trial court for further proceedings and a trial commenced on October 1, 2007. </font><font style="font-family:Times New Roman;font-size:12pt;"> On November 5, 2007, the jury returned a defense verdict, finding that the plaintiff had ingested white lead carbonate, but was not brain damaged or injured as a result. </font><font style="font-family:Times New Roman;fon t-size:12pt;"> The plaintiff filed post-trial motions for a new trial that was denied by the trial court. On March 4, 2008, final judgment was entered in favor of the Company and other defendants. The plaintiff has filed an appeal of the final judgment.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Wisconsin is the only jurisdiction to date to apply a theory of liability with respect to alleged personal injury (i.e., </font><font style="font-family:Times New Roman;font-size:12pt;">risk contribution/market share liability) that does not require the plaintiff to identify the manufacturer of the product that allegedly injured the plaintiff in the lead pigment and lead-based paint litigation.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-b ottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">Insurance coverage litigation.</font><font style="font-family:Times New Roman;font-size:12pt;"> </font><font style="font-family:Times New Roman;font-size:12pt;"> The Company and its liability insurers, including certain Underwriters at Lloyd's of London, initiated legal proceedings against each other to determine, among other things, whether the costs and liabilities associated with the abatement of lead pigment are covered under certain insurance policies issued to the Company. An ultimate loss in the insurance coverage litigation would mean that insurance proceeds could be unavailable under the policies at issue to mitigate any ultimate abatement related costs and liabilities. The Company has not recorded any assets related to these insurance policies or otherwise assumed that proceeds from these insurance policies would be received in estimating any contingent liability accrual. Therefore, an ultimate loss in the insurance coverage litigation without a determination of liability against the Company in the lead pigment or lead-based paint litigation will have no impact on the Company's results of operation, liquidity or financial condition. As previously stated, however, the Company has not accrued any amounts for the lead pigment or lead-based paint litigation and any significant liability ultimately determined to be attributable to the Company relating to such litigation may result in a material impact on the Company's results of operations, liquidity or financial condition for the annual or interim period during which such liability is accrued. The Company's action, an Ohio state court action, has been stayed and the liability insurers action, a New York state court action, has been dismissed.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> NOTE 9&#8212;LITIGATION&#160;In the course of its business, the Company is subject to a variety of claims and lawsuits, including litigation relating to false false false Litigation No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true XML 22 R15.xml IDEA: Note 10 - OTHER EXPENSE (INCOME) 2.0.0.10 false Note 10 - OTHER EXPENSE (INCOME) 01000 - Disclosure - Note 10 - OTHER EXPENSE (INCOME) true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_OtherNonoperatingIncomeExpenseAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">10</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">OTHER EXPENSE (INCOME)</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-style:italic;margin-left:0px;">Other general expense - net</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Included in </font><fo nt style="font-family:Times New Roman;font-size:12pt;">Other general expense - net</font><font style="font-family:Times New Roman;font-size:12pt;"> were the following:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="5" style="width: 141px; text-align:center;border-color:#000000;min-width:141px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;C OLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="5" style="width: 141px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:141px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;"> 2010</font></td><td style="width: 13px; text-align:center;border-color:#000000;min-width:13px;">&#160;</td><td colspan="2" style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 16px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Provisions for environmental matters - net</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEX T-ALIGN: right;">$</font></td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,937</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">6,201</font></td></tr><tr style="height: 16px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Loss on disposition of assets</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">241</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">729</font></td></tr><tr style="height: 16px"><td style="width: 267px; text-align:left;border-color: #000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Adjustments to prior provisions for qualified exit costs</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> (272)</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 53px; text-align:right;border-color:#000000;min - -width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 3,475</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other general expense - net</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 53px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:53px;"><f ont style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">1,906</font></td><td style="width: 13px; text-align:right;border-color:#000000;min-width:13px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 53px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:53px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">10,405</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><fon t style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Provisions for environmental matters&#8211;net represent site-specific increases or decreases to environmental-related accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Environmental-related accruals are not recorded net of insurance proceeds in accordance with the Offsetting Subtopic of the Balance Sheet Topic of the ASC. See Note </font><font style="font-family:Times New Roman;font-size:12pt;">8</font><font style="font-family:Times New Roman;font-size:12pt;"> for further details on the Company's environmental-related activities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The </font><font style="font-family:Times New Rom an;font-size:12pt;">loss</font><font style="font-family:Times New Roman;font-size:12pt;"> on disposition of assets represents net realized </font><font style="font-family:Times New Roman;font-size:12pt;">losses</font><font style="font-family:Times New Roman;font-size:12pt;"> associated with the disposal of fixed assets previously used in the conduct of the primary business of the Company.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The adjustments to prior provisions for qualified exit costs represent site specific increases or decreases to accrued qualified exit costs as adjustments for costs of employee terminations are required or as information becomes available upon which more accurate amounts can be reasonably estimated. See Note </font><font style="font-family:Times New Roman; font-size:12pt;">6</font><font style="font-family:Times New Roman;font-size:12pt;"> for further details on the Company's exit or disposal activities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-style:italic;margin-left:0px;">Other expense (income) - net</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Included in </font><font style="font-family:Times New Roman;font-size:12pt;">Other expense (income) - net</font><font style="font-family:Times New Roman;font-size:12pt;"> were the following:</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top: 0pt; margin-bottom: 0pt;'>& lt;/p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="5" style="width: 170px; text-align:center;border-color:#000000;min-width:170px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="5" style="width: 170px; border-bottom-style:solid;border-bottom-width:1 px;text-align:center;border-color:#000000;min-width:170px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-w idth:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Dividend and royalty income</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(966)</font></td><td style="width: 14px; text-ali gn:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(957)</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Net expense from financing</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&# 160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:left;border-color:#000000;min-width:64px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> and investing activities</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">1,732</font></td> ;<td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">416</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Foreign currency related losses (gains)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-F AMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">6,002</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(101)</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other income</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000 ;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(2,108)</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(1,912)</font></td></tr><tr style="height: 16px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other expense</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td> <td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">2,138</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 64px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">1,448</font></td></tr><tr style="height: 17px"><td style="width: 206px; text-align:left;border-color:#000000;min-width:206px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Other expense (income) - net</font></td><td style="width: 14px; text-ali gn:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">6,798</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:left;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SI ZE: 9pt;COLOR: #000000;">$</font></td><td style="width: 64px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:64px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(1,106)</font></td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The net expense from financing and investing activities includes the net loss relating to the change in the Company's financing fees.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Foreign currency related losses (gains)</font><font style="font-family:Times New Roman;font-size:12pt;"> included foreign currency transaction gains and losses and realized and unrealized net gains from foreign currency option and forward contracts. The Company had foreign currency option and forward contracts outstanding at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">. All of the outstanding contracts had maturity dates of less than twelve months and were undesignated hedges with changes in fair value being recognized in earnings in accordance with the Derivatives and Hedging Topic of the ASC. These derivative instrument values were included in either Other current assets or Other accruals and were insignificant at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Other income and Other expense included items of revenue, gains, expenses and losses that were unrelated to the primary business purpose of the Company. Each individual item within the other income or other expense caption was immaterial; no single category of items exceeded $1.0 million.</font></p> NOTE 10&#8212;OTHER EXPENSE (INCOME)&#160;Other general expense - net&#160;Included in Other general expense - net were the following:&#160;&#160;Three Months false false false Discloses other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that should be disclosed in this note, or in the income statement, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 false false 1 2 false UnKnown UnKnown UnKnown false true XML 23 R20.xml IDEA: Note 15 - FAIR VALUE MEASUREMENTS 2.0.0.10 false Note 15 - FAIR VALUE MEASUREMENTS 01045 - Disclosure - Note 15 - FAIR VALUE MEASUREMENTS true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_FairValueDisclosuresTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">15</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">FAIR VALUE MEASUREMENTS&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Fair Value Measurements and Disclosures Topic of the ASC applies to the Company's financial and non-financial assets and liabilities. The guidance applies when other standards require or permit the fair value measurement of assets and liabilit ies. It does not expand the use of fair value measurements. The Company did not have any fair value measurements for its non-financial assets and liabilities during the </font><font style="font-family:Times New Roman;font-size:12pt;">first</font><font style="font-family:Times New Roman;font-size:12pt;"> quarter. The following table presents the Company's financial assets and liabilities that are measured at fair value on a recurring basis, categorized using the fair value hierarchy:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(Thousands of dollars)</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text- align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Quoted Prices in </font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min - -width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant </font></td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;">& lt;font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Fair Value at</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Active Markets for</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Significant Ot her</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Unobservable</font></td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</fo nt></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> Identical Assets </font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;"> Observable Inputs</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&a mp;#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Inputs</font></td></tr><tr style="height: 16px"><td style="width: 180px; text-align:center;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 15px; text-align:center;border-col or:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 1)</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 2)</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px ;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td colspan="2" style="width: 96px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:96px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">(Level 3)</font></td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Assets:</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width :81px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td s tyle="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred compensation plan asset</font><font style="font-size: 7pt;"><sup> (1)</sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;b order-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">17,529</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">14,976</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-alig n:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">2,553</font></td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:center;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Net curre ncy derivative asset</font><font style="font-size: 7pt;"><sup> (2)</sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">53</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;mi n-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">53</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FO NT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> Total assets at fair value</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">17,582</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="wi dth: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">14,976</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px ;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">2,606</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:18 0px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000 ;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min - -width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Liabilities:</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81 px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;"> ;&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Deferred compensation plan liability</font><font style="font-size: 7pt;"><sup> (3)</sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="w idth: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000 ;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> Total liabilities at fair value</font><font style="font-size: 7pt;"><sup></sup></font>< ;/td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:doub le;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 81px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:81px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">19,992</font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#16 0;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:right;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-ali gn:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;& lt;/td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(1) The deferred compensation plan asset consists of the investment funds maintained for the future payments under the Company's executive </font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">deferred compensation plan, which is structured as a rabbi trust. The investments are marketable securities accounted for under the Debt and</font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694 px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">Equity Securities Topic of the ASC. The level 1 investments are valued using quoted market prices multiplied by the number of shares. The </font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">level 2 investments are valued based on vendor or broker models. The cost basis of the investment funds is $16,387.</font></td></tr><tr style="height: 15px"><td style="width: 180px; text-align:left;border-color:#000000;min-width:180px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15p x;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; tex t-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 16px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(2) The net currency derivative asset represents the fair value of foreign currency swaps. The swaps are valued using the banks' proprietary models.</font></td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;">&#160;</td></tr><tr style="height: 16px"><td colspan="17" rowspan ="Aspose.Cells.Range" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;">(3) The deferred compensation plan liability is the Company's liability under its executive deferred compensation plan. The liability represents the fair value of the participant shadow accounts, and the value is based on quoted market prices. </font></td></tr><tr style="height: 15px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</t d><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-color:#000000;min-width:81px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 81px; text-align:left;border-col or:#000000;min-width:81px;">&#160;</td></tr><tr style="height: 15px"><td colspan="17" style="width: 694px; text-align:left;border-color:#000000;min-width:694px;">&#160;</td></tr></table></div> NOTE 15&#8212;FAIR VALUE MEASUREMENTS&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Fair Value Measurements and Disclosures Topic of the ASC applies to false false false This item represents the complete disclosure regarding the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the Company is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risk is are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15B -Subparagraph a, b Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 3, 10, 14, 15 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 133 -Paragraph 44A, 44B Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32, 33, 34 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15C, 15D Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 107 -Paragraph 15A -Subparagraph a-d Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 159 -Paragraph 17-22, 27, 28 false false 1 2 false UnKnown UnKnown UnKnown false true XML 24 R4.xml IDEA: CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) 2.0.0.10 false CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) 00400 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 2 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 3 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 3 1 shw_StatementOfFinancialPositionParentheticalsAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false 3 false false false false 0 0 false false false No definition available. false 4 2 us-gaap_CommonStockParOrStatedValuePerShare us-gaap true na instant decimal No definition available. false false false false false false false false false false false true 1 true true false false 1.00 1.00 false false false 2 true true false false 1.00 1.00 false false false 3 true true false false 1.00 1.00 false false false Face amount or stated value of common stock per share; generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 false 5 2 us-gaap_CommonStockSharesOutstanding us-gaap true na instant shares No definition available. false false false false false false false false false false false false 1 false true false false 109735117 109735117 false false false 2 false true false false 109436869 109436869 false false false 3 false true false false 117092100 117092100 false false false Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Excludes common shares repurchased by the entity and held as Treasury shares. Shares outstanding equals shares issued minus shares held in treasury. Does not include common shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 false 6 2 us-gaap_PreferredStockNoParValue us-gaap true na instant decimal No definition available. false false false false false false false false false false false true 1 true true false false 0.00 0.00 false false false 2 true true false false 0.00 0.00 false false false 3 true true false false 0.00 0.00 false false false Issuance value per share of no-par value, nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 false 7 2 us-gaap_PreferredStockSharesOutstanding us-gaap true na instant shares No definition available. false false false false false false false false false false false false 1 false true false false 216753 216753 false false false 2 false true false false 216753 216753 false false false 3 false true false false 216753 216753 false false false Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5 false false 3 5 false UnKnown NoRounding UnKnown false true XML 25 R16.xml IDEA: Note 11 - INCOME TAXES 2.0.0.10 false Note 11 - INCOME TAXES 01010 - Disclosure - Note 11 - INCOME TAXES true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_IncomeTaxesDisclosureAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_IncomeTaxDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">11</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;INCOME TAXES&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The effective tax rate was 45.2 percent for the first quarter of 2010, compared to 26.7 percent for the first quarter of 2009. The increase in the effective tax rate for the first quarter of 2010 compared to 2009 was due to the impact of the Patient Protection and Affo rdable Care Act and the Health Care and Education Reconciliation Act signed into law in March 2010. The Company recognized the deferred tax effects of the reduced deductibility of the postretirement prescription drug coverage during the first quarter of 2010, which resulted in a Federal and State income tax charge of $11.4 million. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">At December 31, 2009, the Company had $37.0 million in unrecognized tax benefits, the recognition of which would have an affect of $32.5 million on the current provision for income taxes. Included in the balance of unrecognized tax benefits at December 31, 2009 was $9.6 million related to tax positions for which it is reasonably possible that the total amounts could significantly change during the next twelve months. This amount represents a decrease in unre cognized tax benefits comprised of items related to assessed state income tax audits, state settlement negotiations currently in progress and expiring statutes in foreign jurisdictions.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company classifies all income tax related interest and penalties as income tax expense. At December 31, 2009, the Company had accrued $11.8 million for the potential payment of income tax interest and penalties.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. Other than as noted below, the Inter nal Revenue Service (IRS) substantially completed the audit of the 2004 and 2005 tax years. The IRS commenced an examination of the Company's U.S. income tax returns for the 2006 and 2007 tax years in the fourth quarter of 2008. Fieldwork is anticipated to be completed prior to December 31, 2010. At this time, the Company has determined that an insignificant amount of additional tax is due. The IRS is currently examining transactions related to The Sherwin-Williams Company Employee Stock Purchase and Savings Plan. The IRS has indicated it may issue Notices of Proposed Adjustment related to these transactions. During the IRS's examination of the transactions, it requested the Department of Labor to review the transactions. Following the Department of Labor's initial examination, it is coordinating its response with the IRS. As of March 31, 2010, the Company is subject to non-U.S. income tax examinations for the tax years of 2002 through 2009. In addition, the Company is subject to state and local income tax examinations for the tax years 1992 through 2009.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">There were no significant changes to any of the balances of unrecognized tax benefits at December 31, 2009 during the first quarter of 2010.</font></p> NOTE 11&#8212;INCOME TAXES&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The effective tax rate was 45.2 percent for the first quarter of 2010, compared to false false false Description containing the entire income tax disclosure. Examples include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. This element may be used as a single block of text to encapsulate the entire disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 false false 1 2 false UnKnown UnKnown UnKnown false true XML 26 R9.xml IDEA: Note 4 - COMPREHENSIVE INCOME 2.0.0.10 false Note 4 - COMPREHENSIVE INCOME 00940 - Disclosure - Note 4 - COMPREHENSIVE INCOME true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_ComprehensiveIncomeNoteAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_ComprehensiveIncomeNoteTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">4</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;COMPREHENSIVE INCOME</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Comprehensive income is summarized as follows</font><font style="font-family:Times New Roman;font-size:12pt;">:</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px; "><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">(Thousands of dollars)</font><font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 189px; text-align:center;border-color:#000000;min-width:189px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 189px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:189px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 17px"><td s tyle="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 11px; text-align:center;border-color:#000000;min-width:11px;">&#160;</td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 17px"><td style="width: 267px; text-align: left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Net income</font><font style="font-size: 7pt;"><sup></sup></font></td><td style ="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 32,603</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 37,279</font></td></tr><tr style="height: 17px"><td style="width: 267px; te xt-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Foreign currency translation adjustments</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 6,486</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (8,881)</font></td ></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Amortization of net prior service costs and net</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min- width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> actuarial losses, net of taxes</font><font style="font-size: 7pt;"><sup> (1)</sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 3,651</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 4,639</font></td></tr><tr style="height: 17px" ><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Adjustments of marketable equity securities </font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> and derivative instruments used in cash </font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;"> flow hedges, net of taxes</font><fo nt style="font-size: 7pt;"><sup> (2)</sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 333</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 45</font></td></tr><tr style="height: 18px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-A LIGN: left;">Comprehensive income</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:11px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 43,073</font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border- color:#000000;min-width:11px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:78px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 33,082</font></td></tr><tr style="height: 18px"><td style="width: 267px; text-align:left;border-color:#000000;min-width:267px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td><td style="width: 11px; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 11px ; text-align:left;border-color:#000000;min-width:11px;">&#160;</td><td style="width: 78px; text-align:left;border-color:#000000;min-width:78px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">(1) The tax effect of amortization of net prior service costs and net actuarial losses was $ </font><font style="font-family:Times New Roman;font-size:9pt;">1,716</font><font style="font-family:Times New Roman;font-size:9pt;"> and $</font><font style="font-family:Times New Roman;font-size:9pt;">(2,890)</font><font style="font-family:Times New Roman;font-size:9pt;"> for the </font><font style="font-family:Times New Roman;font-size:9pt;">three</font><font style="font-family:Times New Roman;font-size:9pt;"> months ended </font><font style="font-family:Times New Roman;font-size:9pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:9pt;"> and </font><font style="font-family:Times New Roman;font-size:9pt;">2009</font><font style="font-family:Times New Roman;font-size:9pt;">, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:9pt;margin-left:0px;">(2) The tax effect of adjustments of marketable equity securities and derivative instruments used in cash flow hedges was $</font><font style="font-family:Times New Roman;font-size:9pt;">(213)</font><font style="font-family:Times New Roman;font-size:9pt;"> and $</font><font style="font-family:Times New Roman;font-size:9pt;">(35)</font><font style="font-family:Times New Roman;font-size:9pt;"> for the </font><font style="font-family:Times New Roman;font-size:9pt;">three</font><font style="font-family:Times New Roman;font-size:9pt;"> months ended </font><font style="font-family:Times New Roman;font-size:9pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:9pt;"> and </font><font style="font-family:Times New Roman;font-size:9pt;">2009, respectively</font><font style="font-family:Times New Roman;font-size:9pt;">.</font>& lt;/p> NOTE 4&#8212;COMPREHENSIVE INCOME&#160;Comprehensive income is summarized as follows:(Thousands of dollars)Three Months Ended&#160;March false false false This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealize d holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 14-26 false false 1 2 false UnKnown UnKnown UnKnown false true XML 27 R6.xml IDEA: Note 1 - BASIS OF PRESENTATION 2.0.0.10 false Note 1 - BASIS OF PRESENTATION 00900 - Disclosure - Note 1 - BASIS OF PRESENTATION true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_BasisOfPresentationAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">THE SHERWIN-WILLIAMS COMPANY AND SUBSIDIARIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Periods ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font></p><p style='margin-top:0pt; margin-bottom:0pt'>& amp;#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">1</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;BASIS OF PRESENTATION</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and the instructions to Form 10-Q. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments ( consisting of normal recurring accruals) considered necessary for a fair presentation have been included. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">There have been no significant changes in critical accounting policies since </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">. Accounting estimates were revised as necessary during the first </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months of </font><font style="font-family:Times New Roman;font-size:12pt;">2010</font><font style="font-family:Times New Roman;font-size:12pt;"> based on new information and changes in facts a nd circumstances. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In March 2010, the President signed into law the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The Acts eliminate the tax deduction previously allowed for the Medicare Part D subsidy beginning in years after December 31, 2012. The Company recognized the deferred tax effects of the reduced deductibility of the subsidy during the first quarter. The resulting one-time increase in income taxes of $11.4 million reduced first quarter basic and diluted earnings per share by $0.11 and $0.10, respectively. See Note 11. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12 pt;margin-left:0px;">The Company uses the last-in, first-out (LIFO) method of valuing inventory. An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations are based on management's estimates of expected year-end inventory levels and costs are subject to the final year-end LIFO inventory valuation. In addition, interim inventory levels include management's estimates of annual inventory losses due to shrinkage and other factors. The final year-end valuation of inventory is based on an annual physical inventory count performed during the fourth quarter. For further information on inventory valuations and other matters, refer to the consolidated financial statements and footnotes thereto included in the Company's Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The consolidated results for the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> are not necessarily indicative of the results to be expected for the year ending </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p> THE SHERWIN-WILLIAMS COMPANY AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)&#160;Periods ended March 31, 2010 and false false false Description containing the entire organization, consolidation and basis of presentation of financial statements disclosure. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS140-4 and FIN46(R)-8 -Paragraph 8, C1, C7 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 2-6 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 94-6 -Paragraph 10 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 46R -Paragraph 4, 14, 15 false false 1 2 false UnKnown UnKnown UnKnown false true XML 28 R5.xml IDEA: CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) 2.0.0.10 false CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) (USD $) 00500 - Statement - CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) true false In Thousands false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 2 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 4 2 us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities include all transactions and events that are not defined as investing or financing activities. Operating activities generally involve producing and delivering goods and providing services. Cash flows from operating activities are generally the cash effects of transactions and other events that enter into the determination of net income. false 5 3 us-gaap_NetIncomeLoss us-gaap true credit duration monetary No definition available. false false false false false false false false false false false false 1 true true false false 32603000 32603 false false false 2 true true false false 37279000 37279 false false false The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph d Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A7 -Appendix A Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph a Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 10, 15 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 87-21 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28, 29, 30 false 6 3 us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false No definition available. false 7 4 us-gaap_Depreciation us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 33103000 33103 false false false 2 false true false false 35883000 35883 false false false The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 false 8 4 us-gaap_AmortizationOfIntangibleAssets us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 6747000 6747 false false false 2 false true false false 6228000 6228 false false false The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by (used in) operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph a(2) false 9 4 us-gaap_ShareBasedCompensation us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 10512000 10512 false false false 2 false true false false 2352000 2352 false false false The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock options, amortization of restricted stock, and adjustment for officers compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 false 10 4 us-gaap_OtherIncreaseDecreaseInProvisionForRestructuring us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 164000 164 false false false 2 false true false false 6384000 6384 false false false Other change from the prior period in the balance of the restructuring provision that is not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 false 11 4 us-gaap_EnvironmentalRemediationExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 1937000 1937 false false false 2 false true false false 6201000 6201 false false false The charge against earnings in the period for known or estimated future costs arising from requirements to perform environmental remediation activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 96-1 -Paragraph 147, 148, 149, 150 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 143 -Paragraph 2 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 90-8 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 96-1 -Paragraph 170 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 9, 10 false 12 4 shw_DefinedBenefitPensionPlansNetCostCredit shw false debit duration monetary The amount of pension benefit costs recognized during the period for defined benefit plans. Includes the following... false false false false false false false false false false false terselabel false 1 false true false false 4314000 4314 false false false 2 false true false false 9004000 9004 false false false The amount of pension benefit costs recognized during the period for defined benefit plans. Includes the following components: service cost, interest cost, expected return on plan assets, gain or loss on plan assets, prior service cost or credit, transition asset or obligation, and gain or loss due to settlements or curtailments No authoritative reference available. false 13 4 us-gaap_OtherPostretirementBenefitExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 600000 600 false false false 2 false true false false 700000 700 false false false The amount of costs recognized during the period for non-pension postretirement benefits, such as medical, dental and life insurance. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5 -Subparagraph h Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 132R -Paragraph 5, 11 false 14 4 us-gaap_AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesOther us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 6252000 6252 false false false 2 false true false false 4002000 4002 false false false Transactions that do not result in cash inflows or outflows in the period in which they occur, but affect net income and thus are removed when calculating net cash flow from operating activities using the indirect cash flow method. This element is used when there is not a more specific and appropriate element. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 false 15 3 us-gaap_IncreaseDecreaseInOperatingCapital us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -206444000 -206444 false false false 2 false true false false -208088000 -208088 false false false The net change during the reporting period of all current assets and liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 false 16 3 us-gaap_PaymentsForEnvironmentalLiabilities us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -12000000 -12000 false false false 2 false true false false -6634000 -6634 false false false Cash outflows made during the period for environmental remediation activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 false 17 3 us-gaap_BusinessExitCosts us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false -4461000 -4461 false false false 2 false true false false -2345000 -2345 false false false The charge against earnings in the period, comprised of costs incurred associated with an exit or disposal activity other than for a discontinued operations as defined under generally accepted accounting principles. Costs of such activities include those for one-time termination benefits, termination of an operating lease or other contract, consolidating or closing facilities, and relocating employees, and costs associated with an ongoing benefit arrangement, but excludes costs associated with the retirement of a long-lived asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 146 -Paragraph 2-6, 8-17, 20 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 false 18 3 us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false 10855000 10855 false false false 2 false true false false -3234000 -3234 false false false For entities with classified balance sheets, the net change during the reporting period in the value of other assets or liabilities used in operating activities, that are not otherwise defined in the taxonomy. For entities with unclassified balance sheets, the net change during the reporting period in the value of all other assets or liabilities used in operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 false 19 3 us-gaap_NetCashProvidedByUsedInOperatingActivities us-gaap true na duration monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false -115818000 -115818 false false false 2 false true false false -112268000 -112268 false false false The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 true 20 2 us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false terselabel false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false No definition available. false 21 3 us-gaap_PaymentsToAcquirePropertyPlantAndEquipment us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -25423000 -25423 false false false 2 false true false false -22436000 -22436 false false false The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 17 -Subparagraph c false 22 3 us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false 0 0 false false false 2 false true false false -13018000 -13018 false false false The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15, 17 false 23 3 us-gaap_ProceedsFromSaleOfProductiveAssets us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 520000 520 false false false 2 false true false false 274000 274 false false false The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 16 -Subparagraph c false 24 3 us-gaap_PaymentsForProceedsFromOtherInvestingActivities us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -17635000 -17635 false false false 2 false true false false -15422000 -15422 false false false The net cash outflow (inflow) from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 15 false 25 3 us-gaap_NetCashProvidedByUsedInInvestingActivities us-gaap true debit duration monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false -42538000 -42538 false false false 2 false true false false -50602000 -50602 false false false The net cash inflow (outflow) from investing activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 true 26 2 us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false No definition available. false 27 3 us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 222894000 222894 false false false 2 false true false false 249587000 249587 false false false The cash inflow from a borrowing net of the cash outflow from repayment of a borrowing having initial term of repayment within three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 false 28 3 us-gaap_ProceedsFromRepaymentsOfLongTermDebtAndCapitalSecurities us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 882000 882 false false false 2 false true false false -6624000 -6624 false false false The net cash inflow (outflow) associated with security instrument that either represents a creditor or an ownership relationship with the holder of the investment security with a maturity of beyond one year or normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 false 29 3 us-gaap_PaymentsOfOrdinaryDividends us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -39368000 -39368 false false false 2 false true false false -41643000 -41643 false false false The cash outflow from distribution of an entity's earnings to common and preferred stockholders, including minority shareholders. This element excludes special dividends, which are included in a separate element for capital distributions. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 20 -Subparagraph a false 30 3 us-gaap_ProceedsFromStockOptionsExercised us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 19746000 19746 false false false 2 false true false false 6907000 6907 false false false The cash inflow associated with the amount received from holders exercising their stock options. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph i Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 19 -Subparagraph a false 31 3 us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 3123000 3123 false false false 2 false true false false 1407000 1407 false false false Reductions in the entity's income taxes that arise when compensation cost (from non-qualified share-based compensation) recognized on the entity's tax return exceeds compensation cost from share-based compensation recognized in financial statements. This element represents the cash inflow reported in the enterprise's financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph A240 -Subparagraph i Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 00-15 -Paragraph 3 false 32 3 us-gaap_PaymentsForRepurchaseOfEquity us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -25771000 -25771 false false false 2 false true false false -22310000 -22310 false false false The cash outflow to reacquire common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 20 -Subparagraph a false 33 3 us-gaap_ProceedsFromPaymentsForOtherFinancingActivities us-gaap true debit duration monetary No definition available. false false false false false false false false false false false terselabel false 1 false true false false -5960000 -5960 false false false 2 false true false false -4275000 -4275 false false false The net cash inflow (outflow) from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 18, 19, 20 false 34 3 us-gaap_NetCashProvidedByUsedInFinancingActivities us-gaap true debit duration monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 175546000 175546 false false false 2 false true false false 183049000 183049 false false false The net cash inflow (outflow) from financing activity for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 true 35 2 us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 4654000 4654 false false false 2 false true false false -4146000 -4146 false false false The effect of exchange rate changes on cash balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 25 false 36 2 us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease us-gaap true na duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 21844000 21844 false false false 2 false true false false 16033000 16033 false false false The net change between the beginning and ending balance of cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 26 false 37 2 us-gaap_CashAndCashEquivalentsAtCarryingValue us-gaap true debit instant monetary No definition available. false false false false false false false false true false false periodstartlabel false 1 false true false false 69329000 69329 false false false 2 false true false false 26212000 26212 false false false Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased th ree years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 false 38 2 us-gaap_CashAndCashEquivalentsAtCarryingValue us-gaap true debit instant monetary No definition available. false false false false false false false false false true false periodendlabel false 1 false true false false 91173000 91173 false false false 2 false true false false 42245000 42245 false false false Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased th ree years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7, 26 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 8, 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 7 -Footnote 1 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 false 39 2 us-gaap_IncomeTaxesPaid us-gaap true credit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 8513000 8513 false false false 2 false true false false 12661000 12661 false false false The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 29 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 27 -Subparagraph f false 40 2 us-gaap_InterestPaid us-gaap true credit duration monetary No definition available. false false false false false false false false false false false false 1 true true false false 12738000 12738 false false false 2 true true false false 18393000 18393 false false false The amount of cash paid during the current period for interest owed on money borrowed; includes amount of interest capitalized Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 29 false false 2 37 false Thousands UnKnown UnKnown false true XML 29 defnref.xml IDEA: XBRL DOCUMENT No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Dividends paid on common stock No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Description of Company's non-traded investments which are classified as variable interest entities but do not meet the criteria for consolidation No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Financial Instruments No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. The amount of pension benefit costs recognized during the period for defined benefit plans. Includes the following components: service cost, interest cost, expected return on plan assets, gain or loss on plan assets, prior service cost or credit, transition asset or obligation, and gain or loss due to settlements or curtailments No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Litigation No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process, and merchandise or goods which are partially completed, are generally comprised of raw materials, labor and factory overhead costs, and which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Selling, General, and Administrative Expense divided by Net Sales No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. Gross profit divided by net sales No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. No authoritative reference available. XML 30 R21.xml IDEA: Note 16 - FINANCIAL INSTRUMENTS 2.0.0.10 false Note 16 - FINANCIAL INSTRUMENTS 01050 - Disclosure - Note 16 - FINANCIAL INSTRUMENTS true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_FinancialInstrumentsDisclosureAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 shw_FinancialInstrumentsDisclosureTextblock shw false na duration string Financial Instruments false false false false false false false false false false false terselabel false 1 false false false false 0 0 <p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">16</font><font style="font-family:Times New Roman;font-size:12pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">FINANCIAL INSTRUMENTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The table below summarizes the carrying amount and fair value of the Company's publicly traded debt and non-publicly traded debt in accordance with the Fair Value Measurements and Disclosure s Topic of the ASC. The fair values of the Company's publicly traded debt are based on quoted market prices. The fair values of the Company's non-traded debt are estimated using discounted cash flow analyses, based on the Company's current incremental borrowing rates for similar types of borrowing arrangements.</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">(Thousands of dollars)</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;">&am p;#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:left;border-color:#000000;min-width:68px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td colspan="5" style="width: 172px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:172px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">March 31, 2010</font></td></tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width: 158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Carrying</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Fair</font></td></tr><tr style="height: 17px"><td style="width: 158px; text-align:le ft;border-color:#000000;min-width:158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Amount</font></td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:68px;"> ;<font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">Value</font></td></tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;">&#160;</td><td style="width: 12px; text-align:center;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:center;border-color:#000000;min-width:68px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 158px; text - -align:left;border-color:#000000;min-width:158px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Publicly traded debt</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 768,313</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font>< ;/td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 743,287</font></td></tr><tr style="height: 17px"><td style="width: 158px; text-align:left;border-color:#000000;min-width:158px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Non-traded debt</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 26,949</font></td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 12px; text-align:left;border-color:#000000;min-width:12px;">&#160;</td><td style="width: 68px; text-align:right;border-color:#000000;min-width:68px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 25,587</font></td></tr></table></div> NOTE 16&#8212;FINANCIAL INSTRUMENTS&#160;The table below summarizes the carrying amount and fair value of the Company's publicly traded debt and non-publicly false false false Financial Instruments No authoritative reference available. false false 1 2 false UnKnown UnKnown UnKnown false true XML 31 R13.xml IDEA: Note 8 - OTHER LONG TERM LIABILITIES 2.0.0.10 false Note 8 - OTHER LONG TERM LIABILITIES 00980 - Disclosure - Note 8 - OTHER LONG TERM LIABILITIES true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 shw_OtherLongTermLiabilitiesAbstract shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_EnvironmentalLossContingencyDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">8</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;OTHER LONG-TERM LIABILITIES</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company initially provides for estimated costs of environmental-related activities relating to its past operations and third-party sites for which commitments or clean-up plans have been developed and when such costs can be reasonably estimated based on industry standards and professional judgment. These estimated costs are determined based on currently available facts regarding each site. If the best estimate of costs can only be identified as a range and no specific amount within that range can be determined more likely than any other amount within the range, the minimum of the range is provided. At </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, the unaccrued maximum of the estimated range of possible outcomes is $</font><font style="font-family:Times New Roman;font-size:12pt;">100.8</font><font style="font-family:Times New Roman;font-size:12pt;"> million higher than the minimum.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">The Company continuously assesses its potential liability for investigation and remediation-related activities and adjusts its environmental-rel ated accruals as information becomes available upon which more accurate costs can be reasonably estimated and as additional accounting guidelines are issued. Actual costs incurred may vary from these estimates due to the inherent uncertainties involved including, among others, the number and financial condition of parties involved with respect to any given site, the volumetric contribution which may be attributed to the Company relative to that attributed to other parties, the nature and magnitude of the wastes involved, the various technologies that can be used for remediation and the determination of acceptable remediation with respect to a particular site. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Included in Other long-term liabilities at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> were accruals for extended environmental-related activities of $</font><font style="font-family:Times New Roman;font-size:12pt;">96.9</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">128.2</font><font style="font-family:Times New Roman;font-size:12pt;"> million, respectively. Estimated costs of current investigation and remediation activities of $</font><font style="font-family:Times New Roman;font-size:12pt;">64.6</font><font style="font-family:Times New Roman;font-size:12pt;"> million and $</font><font style="font-family:Times New Roman;font-size:12pt;">52.6</font><font style="font- family:Times New Roman;font-size:12pt;"> million are included in Other accruals at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;">, respectively.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Four of the Company's currently and formerly owned manufacturing sites account for the majority of the accrual for environmental-related activities and the unaccrued maximum of the estimated range of possible outcomes at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Rom an;font-size:12pt;">. At </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, $</font><font style="font-family:Times New Roman;font-size:12pt;">119.9</font><font style="font-family:Times New Roman;font-size:12pt;"> million, or </font><font style="font-family:Times New Roman;font-size:12pt;">74.2</font><font style="font-family:Times New Roman;font-size:12pt;"> percent of the total accrual, related directly to these four sites. In the aggregate unaccrued maximum of $</font><font style="font-family:Times New Roman;font-size:12pt;">100.8</font><font style="font-family:Times New Roman;font-size:12pt;"> million at </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;">, $</font><font style="font-family:Tim es New Roman;font-size:12pt;">61.9</font><font style="font-family:Times New Roman;font-size:12pt;"> million, or </font><font style="font-family:Times New Roman;font-size:12pt;">61.4</font><font style="font-family:Times New Roman;font-size:12pt;"> percent, related to the four manufacturing sites. While environmental investigations and remedial actions are in different stages at these sites, additional investigations, remedial actions and monitoring will likely be required at each site.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Management cannot presently estimate the ultimate potential loss contingencies related to these sites or other less significant sites until such time as a substantial portion of the investigation at the sites is completed and remedial action plans are developed. In the event any future loss contingency significantly exceeds the current amount accrued, the recording of the ultimate liability may result in a material impact on net income for the annual or interim period during which the additional costs are accrued. Management does not believe that any potential liability ultimately attributed to the Company for its environmental-related matters will have a material adverse effect on the Company's financial condition, liquidity, or cash flow due to the extended period of time during which environmental investigation and remediation takes place. An estimate of the potential impact on the Company's operations cannot be made due to the aforementioned uncertainties. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Management expects these contingent environmental-related liabilities to be resolved over an extended period of time. Management is unable to provide a more specific time frame due to the indefinite amount of time to conduct investigation activities at any site, the indefinite amount of time to obtain environmental agency approval, as necessary, with respect to investigation and remediation activities, and the indefinite amount of time necessary to conduct remediation activities.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">For further details on the Company's Other long-term liabilities, see Note 9 to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended </font><font style="font-family:Times New Roman;font-size:12pt;">December 31, 2009</font><font style="font-family:Times New Roman;font-size:12pt;">.</font></p><p style='margin-top:0pt; ma rgin-bottom:0pt'>&#160;</p> NOTE 8&#8212;OTHER LONG-TERM LIABILITIES&#160;The Company initially provides for estimated costs of environmental-related activities relating to its past false false false Disclosures of environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies. This element may be used as a single block of text to encapsulate the entire inventory disclosure including data and tables. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 96-1 -Paragraph 152, 163, 172 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section Y false false 1 2 false UnKnown UnKnown UnKnown false true XML 32 R1.xml IDEA: DOCUMENT AND ENTITY INFORMATION 2.0.0.10 false DOCUMENT AND ENTITY INFORMATION (USD $) 00100 - Document - DOCUMENT AND ENTITY INFORMATION true false In Thousands, except Share data false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 2 usd $ false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 3 1 shw_DocumentAndEntityInformation shw false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false No definition available. false 4 2 dei_DocumentType dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 10-Q 10-Q false false false 2 false false false false 0 0 false false false The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type should be limited to the same value as the supporting SEC submission type. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, NCSR, N-Q, and Other. No authoritative reference available. false 5 2 dei_DocumentPeriodEndDate dei false na duration date No definition available. false false false false false false false false false false false false 1 false false false false 0 0 2010-03-31 2010-03-31 false false false 2 false false false false 0 0 false false false The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements this will be the filing date. The format of the date is CCYY-MM-DD. No authoritative reference available. false 6 2 dei_AmendmentFlag dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 false false false false false 2 false false false false 0 0 false false false If the value is true, then the document as an amendment to previously-filed/accepted document. No authoritative reference available. false 7 2 dei_EntityRegistrantName dei false na duration normalizedstring No definition available. false false false false false false false false false false false false 1 false false false false 0 0 SHERWIN WILLIAMS CO. SHERWIN WILLIAMS CO. false false false 2 false false false false 0 0 false false false The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 false 8 2 dei_EntityCentralIndexKey dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 0000089800 0000089800 false false false 2 false false false false 0 0 false false false A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 false 9 2 dei_EntityCurrentReportingStatus dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 Yes Yes false false false 2 false false false false 0 0 false false false Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No authoritative reference available. false 10 2 dei_EntityVoluntaryFilers dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 No No false false false 2 false false false false 0 0 false false false Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No authoritative reference available. false 11 2 dei_CurrentFiscalYearEndDate dei false na duration monthday No definition available. false false false false false false false false false false false false 1 false false false false 0 0 --12-31 --12-31 false false false 2 false false false false 0 0 false false false End date of current fiscal year in the format --MM-DD. No authoritative reference available. false 12 2 dei_EntityFilerCategory dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 Large Accelerated Filer Large Accelerated Filer false false false 2 false false false false 0 0 false false false Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No authoritative reference available. false 13 2 dei_EntityWellKnownSeasonedIssuer dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 Yes Yes false false false 2 false false false false 0 0 false false false Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No authoritative reference available. false 14 2 dei_EntityCommonStockSharesOutstanding dei false na instant shares No definition available. false false false false false false false false false false false false 1 false true false false 109735117 109735117.00 false false false 2 false false false false 0 0 false false false Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument No authoritative reference available. false 15 2 dei_EntityPublicFloat dei false credit instant monetary No definition available. false false false false false false false false false false false false 1 false false false false 0 0 false false false 2 true true false false 6231518290000 6231518290 false false false State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No authoritative reference available. false 16 2 dei_DocumentFiscalYearFocus dei false na duration positiveinteger No definition available. false false false false false false false false false false false false 1 false true false false 2010 2010 false false false 2 false false false false 0 0 false false false This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No authoritative reference available. false 17 2 dei_DocumentFiscalPeriodFocus dei false na duration na No definition available. false false false false false false false false false false false false 1 false false false false 0 0 Q1 Q1 false false false 2 false false false false 0 0 false false false This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No authoritative reference available. false false 2 15 false Thousands NoRounding UnKnown false true XML 33 R2.xml IDEA: STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) 2.0.0.10 false STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) (USD $) 00200 - Statement - STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) true false In Thousands, except Share data, unless otherwise specified false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 false 2 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 3 1 us-gaap_IncomeStatementAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false No definition available. false 4 2 us-gaap_Revenues us-gaap true credit duration monetary No definition available. false false false false false false false false false false false false 1 true true false false 1565482000 1565482 false false false 2 true true false false 1550677000 1550677 false false false Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 1 -Article 5 false 5 2 us-gaap_CostOfRevenue us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 873514000 873514 false false false 2 false true false false 870071000 870071 false false false The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 2 -Article 5 false 6 2 us-gaap_GrossProfit us-gaap true credit duration monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 691968000 691968 false false false 2 false true false false 680606000 680606 false false false Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. No authoritative reference available. true 7 2 shw_GrossProfitPercentage shw false na duration pure Gross profit divided by net sales false false false false false false false false false false false terselabel false 1 false true false false 44.2 44.2 false false false 2 false true false false 43.9 43.9 false false false Gross profit divided by net sales No authoritative reference available. false 8 2 us-gaap_SellingGeneralAndAdministrativeExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 612875000 612875 false false false 2 false true false false 608848000 608848 false false false The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 4 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Chapter 4 -Paragraph 5A false 9 2 shw_SellingGeneralAdministrativeExpenseAsPercentNetSales shw false na duration pure Selling, General, and Administrative Expense divided by Net Sales false false false false false false false false false false false terselabel false 1 false true false false 39.1 39.1 false false false 2 false true false false 39.3 39.3 false false false Selling, General, and Administrative Expense divided by Net Sales No authoritative reference available. false 10 2 us-gaap_OtherGeneralExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 1906000 1906 false false false 2 false true false false 10405000 10405 false false false Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 6 -Article 5 false 11 2 us-gaap_InterestAndDebtExpense us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 11570000 11570 false false false 2 false true false false 12202000 12202 false false false Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 34 -Paragraph 21 false 12 2 us-gaap_InvestmentIncomeInterestAndDividend us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false -639000 -639 false false false 2 false true false false -636000 -636 false false false Income derived from investments in debt and equity securities and on cash and cash equivalents. Interest income represents earnings which reflect the time value of money or transactions in which the payments are for the use or forbearance of money. Dividend income represents a distribution of earnings to shareholders by investee companies. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 14 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Subparagraph a, b -Article 5 false 13 2 us-gaap_NonoperatingIncomeExpense us-gaap true credit duration monetary No definition available. false false false false false false false false false false true negated false 1 false true false false 6798000 6798 false false false 2 false true false false -1106000 -1106 false false false The aggregate amount of income (expense) from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 7 -Article 5 false 14 2 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments us-gaap true credit duration monetary No definition available. false false false false false false false false false false false totallabel false 1 false true false false 59458000 59458 false false false 2 false true false false 50893000 50893 false false false Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Subparagraph 1(i) -Article 4 true 15 2 us-gaap_IncomeTaxExpenseBenefit us-gaap true debit duration monetary No definition available. false false false false false false false false false false false false 1 false true false false 26855000 26855 false false false 2 false true false false 13614000 13614 false false false The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 45 -Subparagraph a, b false 16 2 us-gaap_NetIncomeLoss us-gaap true credit duration monetary No definition available. false false false false false false false false false false false totallabel false 1 true true false false 32603000 32603 false false false 2 true true false false 37279000 37279 false false false The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph d Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A7 -Appendix A Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph a Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 130 -Paragraph 10, 15 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 87-21 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 95 -Paragraph 28, 29, 30 true 17 2 us-gaap_NetIncomeLossAvailableToCommonStockholdersBasicAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false 2 false false false false 0 0 false false false No definition available. false 18 3 us-gaap_EarningsPerShareBasic us-gaap true na duration decimal No definition available. false false false false false false false false false false false true 1 true true false false 0.30 0.30 false false false 2 true true false false 0.32 0.32 false false false The amount of net income or loss for the period per each share of common stock outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 36, 37, 38 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7 false 19 3 us-gaap_EarningsPerShareDiluted us-gaap true na duration decimal No definition available. false false false false false false false false false false false true 1 true true false false 0.30 0.30 false false false 2 true true false false 0.32 0.32 false false false The amount of net income or loss for the period per each share of common stock and dilutive common stock equivalents outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 11, 12, 36 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 20 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 18 -Article 7 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 21 -Article 9 false 20 2 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic us-gaap true na duration shares No definition available. false false false false false false false false false false false false 1 false true false false 107959598 107959598.00 false false false 2 false true false false 115946629 115946629.00 false false false Number of [basic] shares, after adjustment for contingently issuable shares and other shares not deemed outstanding, determined by relating the portion of time within a reporting period that common shares have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 171 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph a Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 8 false 21 2 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding us-gaap true na duration shares No definition available. false false false false false false false false false false false false 1 false true false false 110247174 110247174.00 false false false 2 false true false false 118029772 118029772.00 false false false The average number of shares issued and outstanding that are used in calculating diluted EPS, determined based on the timing of issuance of shares in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -Subparagraph a Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 8 false false 2 19 false Thousands NoRounding UnKnown true true XML 34 FilingSummary.xml IDEA: XBRL DOCUMENT 2.0.0.10 true Sheet 00100 - Document - DOCUMENT AND ENTITY INFORMATION DOCUMENT AND ENTITY INFORMATION http://www.shw.com/role/DocumentDOCUMENTANDENTITYINFORMATION false R1.xml false Sheet 00200 - Statement - STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) http://www.shw.com/role/StatementSTATEMENTSOFCONSOLIDATEDINCOMEUNAUDITED false R2.xml false Sheet 00300 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) CONSOLIDATED BALANCE SHEETS (UNAUDITED) http://www.shw.com/role/StatementCONSOLIDATEDBALANCESHEETSUNAUDITED false R3.xml false Sheet 00400 - Statement - CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) http://www.shw.com/role/StatementCONSOLIDATEDBALANCESHEETSUNAUDITEDParentheticals false R4.xml false Sheet 00500 - Statement - CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) http://www.shw.com/role/StatementCONDENSEDSTATEMENTSOFCONSOLIDATEDCASHFLOWSUNAUDITED false R5.xml false Sheet 00900 - Disclosure - Note 1 - BASIS OF PRESENTATION Note 1 - BASIS OF PRESENTATION http://www.shw.com/role/DisclosureNoteBASISOFPRESENTATION false R6.xml false Sheet 00910 - Disclosure - Note 2 - IMPACT OF RECENTLY ISSUED ACCOUTNING PRONOUNCEMENTS Note 2 - IMPACT OF RECENTLY ISSUED ACCOUTNING PRONOUNCEMENTS http://www.shw.com/role/DisclosureNoteIMPACTOFRECENTLYISSUEDACCOUTNINGPRONOUNCEMENTS false R7.xml false Sheet 00920 - Disclosure - Note 3 - DIVIDENDS Note 3 - DIVIDENDS http://www.shw.com/role/DisclosureNoteDIVIDENDS false R8.xml false Sheet 00940 - Disclosure - Note 4 - COMPREHENSIVE INCOME Note 4 - COMPREHENSIVE INCOME http://www.shw.com/role/DisclosureNoteCOMPREHENSIVEINCOME false R9.xml false Sheet 00950 - Disclosure - Note 5 - PRODUCT WARRANTIES Note 5 - PRODUCT WARRANTIES http://www.shw.com/role/DisclosureNotePRODUCTWARRANTIES false R10.xml false Sheet 00960 - Disclosure - Note 6 - EXIT OR DISPOSAL ACTIVITIES Note 6 - EXIT OR DISPOSAL ACTIVITIES http://www.shw.com/role/DisclosureNoteEXITORDISPOSALACTIVITIES false R11.xml false Sheet 00970 - Disclosure - Note 7 - HEALTH CARE, PENSION AND OTHER BENEFITS Note 7 - HEALTH CARE, PENSION AND OTHER BENEFITS http://www.shw.com/role/DisclosureNoteHEALTHCAREPENSIONANDOTHERBENEFITS false R12.xml false Sheet 00980 - Disclosure - Note 8 - OTHER LONG TERM LIABILITIES Note 8 - OTHER LONG TERM LIABILITIES http://www.shw.com/role/DisclosureNoteOTHERLONGTERMLIABILITIES false R13.xml false Sheet 00990 - Disclosure - Note 9 - LITIGATION Note 9 - LITIGATION http://www.shw.com/role/DisclosureNoteLITIGATION false R14.xml false Sheet 01000 - Disclosure - Note 10 - OTHER EXPENSE (INCOME) Note 10 - OTHER EXPENSE (INCOME) http://www.shw.com/role/DisclosureNoteOTHEREXPENSEINCOME false R15.xml false Sheet 01010 - Disclosure - Note 11 - INCOME TAXES Note 11 - INCOME TAXES http://www.shw.com/role/DisclosureNoteINCOMETAXES false R16.xml false Sheet 01020 - Disclosure - Note 12 - NET INCOME PER COMMON SHARE Note 12 - NET INCOME PER COMMON SHARE http://www.shw.com/role/DisclosureNoteNETINCOMEPERCOMMONSHARE false R17.xml false Sheet 01030 - Disclosure - Note 13 - REPORTABLE SEGMENT INFORMATION Note 13 - REPORTABLE SEGMENT INFORMATION http://www.shw.com/role/DisclosureNoteREPORTABLESEGMENTINFORMATION false R18.xml false Sheet 01040 - Disclosure - Note 14 - ACQUISITIONS Note 14 - ACQUISITIONS http://www.shw.com/role/DisclosureNoteACQUISITIONS false R19.xml false Sheet 01045 - Disclosure - Note 15 - FAIR VALUE MEASUREMENTS Note 15 - FAIR VALUE MEASUREMENTS http://www.shw.com/role/DisclosureNoteFAIRVALUEMEASUREMENTS false R20.xml false Sheet 01050 - Disclosure - Note 16 - FINANCIAL INSTRUMENTS Note 16 - FINANCIAL INSTRUMENTS http://www.shw.com/role/DisclosureNoteFINANCIALINSTRUMENTS false R21.xml false Sheet 01070 - Disclosure - Note 17 - NON-TRADED INVESTMENTS Note 17 - NON-TRADED INVESTMENTS http://www.shw.com/role/DisclosureNoteNONTRADEDINVESTMENTS false R22.xml false Book All Reports All Reports false 1 7 0 0 4 121 false false FROM_Jan01_2010_TO_Mar31_2010 76 AS_OF_Mar31_2010 44 FROM_Jan01_2009_TO_Mar31_2009 47 AS_OF_Jun30_2009 1 AS_OF_Mar31_2009 43 AS_OF_Dec31_2009 43 AS_OF_Dec31_2008 1 true true EXCEL 35 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls MT,\1X*&Q&N$`````````````````````/@`#`/[_"0`&```````````````" M`````0``````````$```R`````$```#^____```````````"````________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M_______________________]_____O____W___\$````!0````8````'```` M"`````D````*````"P````P````-````#@````\````0````$0```!(````3 M````%````!4````6````%P```!@````9````&@```!L````<````'0```!X` M```?````(````"$````B````(P```"0````E````)@```"<````H````*0`` M`"H````K````+````"T````N````+P```#`````Q````,@```#,````T```` M-0```#8````W````.````#D````Z````.P```#P````]````/@```#\```!` M````00```$(```!#````1````$4```!&````1P```$@```!)````2@```$L` M``!,````30```$X```!/````4````%$```!2````4P```%0```!5````5@`` M`%<```!8````60```%H```!;````7````%T```!>````7P```&````!A```` M8@```&,```!D````90```&8```!G````:````&D```!J````:P```&P```!M M````;@```&\```!P````<0```'(```!S````=````'4```!V````=P```'@` M``!Y````>@```'L```!\````?0```'X```!_````@````%(`;P!O`'0`(`!% M`&X`=`!R`'D````````````````````````````````````````````````` M```````````6``4`__________\"```````````````````````````````` M`````````'!*R^H#Y\H!R0```$`!````````5P!O`'(`:P!B`&\`;P!K```` M```````````````````````````````````````````````````````````` M`!(``@#_______________\````````````````````````````````````` M```````````#````?8D!```````%`%,`=0!M`&T`80!R`'D`20!N`&8`;P!R M`&T`80!T`&D`;P!N````````````````````````````````````*``"`0$` M```#````_____P`````````````````````````````````````````````` M``````"```````````4`1`!O`&,`=0!M`&4`;@!T`%,`=0!M`&T`80!R`'D` M20!N`&8`;P!R`&T`80!T`&D`;P!N```````````````X``(`____________ M____`````````````````````````````````````````````````@```*`` M````````@0```((```"#````A````(4```"&````AP```(@```")````B@`` M`(L```",````C0```(X```"/````D````)$```"2````DP```)0```"5```` ME@```)<```"8````F0```)H```";````G````)T```">````GP```*````"A M````H@```*,```"D````I0```*8```"G````J````*D```"J````JP```*P` M``"M````K@```*\```"P````L0```+(```"S````M````+4```"V````MP`` M`+@```"Y````N@```+L```"\````O0```+X```"_````P````,$```#"```` MPP```,0```#%````Q@```,<```#^_____O____[_____________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M____________________________________________________________ M______________________________\)"!````8%`$88S0?!@```!@(``.$` M`@"P!,$``@```.(```!<`'``!P``&)R;```!@(````````````````` M```````````````````````````````````````````````````````````` M`````````````````````````````````````````````````````$(``@"P M!&$!`@```,`!```]`2P``0`"``,`!``%``8`!P`(``D`"@`+``P`#0`.``\` M$``1`!(`$P`4`!4`%@"<``(`#@`9``(````2``(````3``(```"O`0(```"\ M`0(````]`!(`\`!:`$PLBQHX```````!`%@"0``"````C0`"````(@`"```` M#@`"``$`MP$"````V@`"````,0`<`,@```#_?Y`!````````!@%4`&$`:`!O M`&T`80`Q`!P`R````/]_D`$````````&`50`80!H`&\`;0!A`#$`'`#(```` M_W^0`0````````8!5`!A`&@`;P!M`&$`,0`<`,@```#_?Y`!````````!@%4 M`&$`:`!O`&T`80`Q`!P`R````/]_O`(````````&`50`80!H`&\`;0!A`#$` M'`#(````_W^0`0``(0````8!5`!A`&@`;P!M`&$`'@0W``4`&0`!(@`D`"(` M(P`L`",`(P`P`%\`*0`[`%P`*``@`"(`)``B`",`+``C`",`,`!<`"``*0`> M!$$`!@`>``$B`"0`(@`C`"P`(P`C`#``7P`I`#L`6P!2`&4`9`!=`%P`*``@ M`"(`)``B`",`+``C`",`,`!<`"``*0`>!$,`!P`?``$B`"0`(@`C`"P`(P`C M`#``+@`P`#``7P`I`#L`7``H`"``(@`D`"(`(P`L`",`(P`P`"X`,``P`%P` M(``I`!X$30`(`"0``2(`)``B`",`+``C`",`,``N`#``,`!?`"D`.P!;`%(` M90!D`%T`7``H`"``(@`D`"(`(P`L`",`(P`P`"X`,``P`%P`(``I`!X$<0`J M`#8``5\`*``B`"0`(@`J`"``(P`L`",`(P`P`%\`*0`[`%\`*``B`"0`(@`J M`"``7``H`"``(P`L`",`(P`P`%P`(``I`#L`7P`H`"(`)``B`"H`(``B`"T` M(@!?`"D`.P!?`"@`(`!``%\`(``I`!X$7P`I`"T``5\`*``J`"``(P`L`",` M(P`P`%\`*0`[`%\`*``J`"``7``H`"``(P`L`",`(P`P`%P`(``I`#L`7P`H M`"H`(``B`"T`(@!?`"D`.P!?`"@`(`!``%\`(``I`!X$@0`L`#X``5\`*``B M`"0`(@`J`"``(P`L`",`(P`P`"X`,``P`%\`*0`[`%\`*``B`"0`(@`J`"`` M7``H`"``(P`L`",`(P`P`"X`,``P`%P`(``I`#L`7P`H`"(`)``B`"H`(``B M`"T`(@`_`#\`7P`I`#L`7P`H`"``0`!?`"``*0`>!&\`*P`U``%?`"@`*@`@ M`",`+``C`",`,``N`#``,`!?`"D`.P!?`"@`*@`@`%P`*``@`",`+``C`",` M,``N`#``,`!<`"``*0`[`%\`*``J`"``(@`M`"(`/P`_`%\`*0`[`%\`*``@ M`$``7P`@`"D`'@0?`*0`#0`!(P`L`",`(P`P`#L`*``C`"P`(P`C`#``*0`> M!",`I0`/``$D`",`+``C`",`,``[`"@`)``C`"P`(P`C`#``*0`>!"L`I@`3 M``$C`"P`(P`C`#``+@`C`",`.P`H`",`+``C`",`,``N`",`(P`I`!X$+P"G M`!4``20`(P`L`",`(P`P`"X`(P`C`#L`*``D`",`+``C`",`,``N`",`(P`I M`.``%```````]?\@``````````````#`(.``%``!````]?\@``#T```````` M``!!(.``%``!````]?\@``#T``````````!!(.``%``"````]?\@``#T```` M``````!!(.``%``"````]?\@``#T``````````!!(.``%```````]?\@``#T M``````````!!(.``%```````]?\@``#T``````````!!(.``%```````]?\@ M``#T``````````!!(.``%```````]?\@``#T``````````!!(.``%``````` M]?\@``#T``````````!!(.``%```````]?\@``#T``````````!!(.``%``` M````]?\@``#T``````````!!(.``%```````]?\@``#T``````````!!(.`` M%```````]?\@``#T``````````!!(.``%```````]?\@``#T``````````!! M(.``%````````0`@``````````````#`(.``%``!`"L`]?\@``#X```````` M``!!(.``%``!`"D`]?\@``#X``````````!!(.``%``!`"P`]?\@``#X```` M``````!!(.``%``!`"H`]?\@``#X``````````!!(.``%``!``D`]?\@``#X M``````````!!(.``%``%`````0`@```(``````````#`(.``%``%`````0`H M```8``````````#`(.``%``%`````0`J```8``````````#`(.``%``````` M`0`H```0``````````#`(.``%```````"0`@``````````````#`(.``%``` M````"0`H```0``````````#`(.``%```````"0`(```0``````````#`(.`` M%````*0``0`@```$``````````#`(.``%````*4``0`@```$``````````#` M(.``%````*8``0`@```$``````````#`(.``%````*<``0`@```$```````` M``#`(.``%``&`*0``0`@```,``````````#`(.``%``&`*4``0`@```,```` M``````#`(),"!```@`#_DP($`!"``_^3`@0`$8`&_Y,"!``2@`3_DP($`!.` M!_^3`@0`%(`%_V`!`@```(4`1@#S1`$````?`40`3P!#`%4`30!%`$X`5``@ M`$$`3@!$`"``10!.`%0`20!4`%D`(`!)`$X`1@!/`%(`30!!`%0`20!/`$X` MA0!&`(9)`0```!\!4P!4`$$`5`!%`$T`10!.`%0`4P`@`$\`1@`@`$,`3P!. M`%,`3P!,`$D`1`!!`%0`10!$`"``20!.`$,`3P"%`$8`84\!````'P%#`$\` M3@!3`$\`3`!)`$0`00!4`$4`1``@`$(`00!,`$$`3@!#`$4`(`!3`$@`10!% M`%0`4P`@`"@`50!.`(4`1@"X6P$````?`3$`7P!#`$\`3@!3`$\`3`!)`$0` M00!4`$4`1``@`$(`00!,`$$`3@!#`$4`(`!3`$@`10!%`%0`4P`@`"@`A0!& M`)5>`0```!\!0P!/`$X`1`!%`$X`4P!%`$0`(`!3`%0`00!4`$4`30!%`$X` M5`!3`"``3P!&`"``0P!/`$X`4P!/`$P`20"%`$0`6F@!````'@%.`&\`=`!E M`"``,0`@`"T`(`!"`$$`4P!)`%,`(`!/`$8`(`!0`%(`10!3`$4`3@!4`$$` M5`!)`$\`3@"%`$8`36H!````'P%.`&\`=`!E`"``,@`@`"T`(`!)`$T`4`!! M`$,`5``@`$\`1@`@`%(`10!#`$4`3@!4`$P`60`@`$D`4P!3`(4`+`!`;`$` M```2`4X`;P!T`&4`(``S`"``+0`@`$0`20!6`$D`1`!%`$X`1`!3`(4`0@`S M;@$````=`4X`;P!T`&4`(``T`"``+0`@`$,`3P!-`%``4@!%`$@`10!.`%,` M20!6`$4`(`!)`$X`0P!/`$T`10"%`#X`)G`!````&P%.`&\`=`!E`"``-0`@ M`"T`(`!0`%(`3P!$`%4`0P!4`"``5P!!`%(`4@!!`$X`5`!)`$4`4P"%`$8` M&7(!````'P%.`&\`=`!E`"``-@`@`"T`(`!%`%@`20!4`"``3P!2`"``1`!) M`%,`4`!/`%,`00!,`"``00!#`%0`20!6`(4`1@`,=`$````?`4X`;P!T`&4` M(``W`"``+0`@`$@`10!!`$P`5`!(`"``0P!!`%(`10`L`"``4`!%`$X`4P!) M`$\`3@`@`$$`A0!&`/]U`0```!\!3@!O`'0`90`@`#@`(``M`"``3P!4`$@` M10!2`"``3`!/`$X`1P`@`%0`10!2`$T`(`!,`$D`00!"`$D`3`"%`"X`\G0$````7`4X`;P!T`&4`(``Q`#``(``M`"``3P!4`$@`10!2`"``10!8 M`%``10!.`%,`10"%`#0`V'L!````%@%.`&\`=`!E`"``,0`Q`"``+0`@`$D` M3@!#`$\`30!%`"``5`!!`%@`10!3`(4`1@#+?0$````?`4X`;P!T`&4`(``Q M`#(`(``M`"``3@!%`%0`(`!)`$X`0P!/`$T`10`@`%``10!2`"``0P!/`$T` M30!/`$X`A0!&`+Y_`0```!\!3@!O`'0`90`@`#$`,P`@`"T`(`!2`$4`4`!/ M`%(`5`!!`$(`3`!%`"``4P!%`$<`30!%`$X`5``@`$D`3@"%`#0`L8$!```` M%@%.`&\`=`!E`"``,0`T`"``+0`@`$$`0P!1`%4`20!3`$D`5`!)`$\`3@!3 M`(4`1@"D@P$````?`4X`;P!T`&4`(``Q`#4`(``M`"``1@!!`$D`4@`@`%8` M00!,`%4`10`@`$T`10!!`%,`50!2`$4`30!%`$X`A0!&`)>%`0```!\!3@!O M`'0`90`@`#$`-@`@`"T`(`!&`$D`3@!!`$X`0P!)`$$`3``@`$D`3@!3`%0` M4@!5`$T`10!.`%0`4P"%`$8`BH`!C`&4`<`!T`"``4P!H`&$`<@!E`"``9`!A`'0`80`?``$S M`"``30!O`&X`=`!H`',`(`!%`&X`9`!E`&0`#0`*`$T`80!R`"X`(``S`#$` M+``@`#(`,``Q`#``#0`*``\``4H`=0!N`"X`(``S`#``+``@`#(`,``P`#D` M#0`*`!\``40`;P!C`'4`;0!E`&X`=``@`$$`;@!D`"``10!N`'0`:0!T`'D` M(`!)`&X`9@!O`'(`;0!A`'0`:0!O`&X`#0`!1`!O`&,`=0!M`&4`;@!T`"`` M5`!Y`'``90`$``$Q`#``+0!1`!@``40`;P!C`'4`;0!E`&X`=``@`%``90!R M`&D`;P!D`"``10!N`&0`(`!$`&$`=`!E``H``3(`,``Q`#``+0`P`#,`+0`S M`#$`#@`!00!M`&4`;@!D`&T`90!N`'0`(`!&`&P`80!G``4``68`80!L`',` M90`6``%%`&X`=`!I`'0`>0`@`%(`90!G`&D`0`@`$,`90!N`'0`<@!A`&P`(`!)`&X`9`!E`'@` M(`!+`&4`>0`*``$P`#``,``P`#``.``Y`#@`,``P`!\``44`;@!T`&D`=`!Y M`"``0P!U`'(`<@!E`&X`=``@`%(`90!P`&\`<@!T`&D`;@!G`"``4P!T`&$` M=`!U`',``P`!60!E`',`%P`!10!N`'0`:0!T`'D`(`!6`&\`;`!U`&X`=`!A M`'(`>0`@`$8`:0!L`&4`<@!S``(``4X`;P`<``%#`'4`<@!R`&4`;@!T`"`` M1@!I`',`8P!A`&P`(`!9`&4`80!R`"``10!N`&0`(`!$`&$`=`!E``<``2T` M+0`Q`#(`+0`S`#$`%0`!10!N`'0`:0!T`'D`(`!&`&D`;`!E`'(`(`!#`&$` M=`!E`&<`;P!R`'D`%P`!3`!A`'(`9P!E`"``00!C`&,`90!L`&4`<@!A`'0` M90!D`"``1@!I`&P`90!R`"$``44`;@!T`&D`=`!Y`"``5P!E`&P`;``@`$L` M;@!O`'<`;@`@`%,`90!A`',`;P!N`&4`9``@`$D`0`@ M`%``=0!B`&P`:0!C`"``1@!L`&\`80!T`!H``40`;P!C`'4`;0!E`&X`=``@ M`$8`:0!S`&,`80!L`"``60!E`&$`<@`@`$8`;P!C`'4``!C`&4`<`!T`"``4P!H`&$`<@!E`"``9`!A M`'0`80`L`"``=0!N`&P`90!S`',`(`!O`'0`:`!E`'(`=P!I`',`90`@`',` M<`!E`&,`:0!F`&D`90!D`!\``3,`(`!-`&\`;@!T`&@``!P M`&4`;@!S`&4``!E`',`#``!20!N`&,`;P!M`&4`(`!T`&$`>`!E`',` M"@`!3@!E`'0`(`!I`&X`8P!O`&T`90`<``%.`&4`=``@`&D`;@!C`&\`;0!E M`"``<`!E`'(`(`!C`&\`;0!M`&\`;@`@`',`:`!A`'(`90`Z``4``4(`80!S M`&D`8P`'``%$`&D`;`!U`'0`90!D`"(``4$`=@!E`'(`80!G`&4`(`!S`&@` M80!R`&4`0`@`&$` M;@!D`"``90!Q`'4`:0!P`&T`90!N`'0`&``!0P!O`&X`0`L`"`` M<`!L`&$`;@!T`"``80!N`&0`(`!E`'$`=0!I`'``;0!E`&X`=``,``%4`&\` M=`!A`&P`(`!!`',``!E`',`(0`!0P!U`'(`<@!E`&X`=``@`'``;P!R`'0`:0!O`&X` M(`!O`&8`(`!L`&\`;@!G`"T`=`!E`'(`;0`@`&0`90!B`'0`#@`!3P!T`&@` M90!R`"``80!C`&,`<@!U`&$`;`!S`!D``50`;P!T`&$`;``@`&,`=0!R`'(` M90!N`'0`(`!L`&D`80!B`&D`;`!I`'0`:0!E`',`#@`!3`!O`&X`9P`M`'0` M90!R`&T`(`!D`&4`8@!T`"L``5``;P!S`'0`<@!E`'0`:0!R`&4`;0!E`&X` M=``@`&(`90!N`&4`9@!I`'0`0`@`',`=`!O`&,`:P`L`"`` M80!T`"``8P!O`',`=``C``%#`'4`;0!U`&P`80!T`&D`=@!E`"``;P!T`&@` M90!R`"``8P!O`&T`<`!R`&4`:`!E`&X``!I`'0`(`!C`&\``!P`&4`;@!D`&D` M=`!U`'(`90!S`#```4$`8P!Q`'4`:0!S`&D`=`!I`&\`;@!S`"``;P!F`"`` M8@!U`',`:0!N`&4`0!M M`&4`;@!T`',`(`!O`&8`(`!C`&$``!E`'(` M8P!I`',`90!S`"``80!N`&0`(`!V`&4`0`@`',`=`!O`&,`:P`@`'``=0!R`&,`:`!A`',`90!D`!(``4X` M90!T`"``9@!I`&X`80!N`&,`:0!N`&<`(`!C`&$`0!I`&X`9P`@`'4`;@!A`'4`9`!I`'0`90!D`"``8P!O`&X`9`!E M`&X`0`@`&8`;P!R`"``80`@`&8`80!I`'(`(`!P`'(`90!S M`&4`;@!T`&$`=`!I`&\`;@`@`&@`80!V`&4`(`!B`&4`90!N`"``:0!N`&,` M;`!U`&0`90!D`"X`(``-``T`#0!4`&@`90!R`&4`(`!H`&$`=@!E`"``8@!E M`&4`;@`@`&X`;P`@`',`:0!G`&X`:0!F`&D`8P!A`&X`=``@`&,`:`!A`&X` M9P!E`',`(`!I`&X`(`!C`'(`:0!T`&D`8P!A`&P`(`!A`&,`8P!O`'4`;@!T M`&D`;@!G`"``<`!O`&P`:0!C`&D`90!S`"````@`&0`90!D`'4`8P!T`&D`;P!N`"`` M<`!R`&4`=@!I`&\`=0!S`&P`>0`@`&$`;`!L`&\`=P!E`&0`(`!F`&\`<@`@ M`'0`:`!E`"``30!E`&0`:0!C`&$`<@!E`"``4`!A`'(`=``@`$0`(`!S`'4` M8@!S`&D`9`!Y`"``8@!E`&<`:0!N`&X`:0!N`&<`(`!I`&X`(`!Y`&4`80!R M`',`(`!A`&8`=`!E`'(`(`!$`&4`8P!E`&T`8@!E`'(`(``S`#$`+``@`#(` M,``Q`#(`+@`@`%0`:`!E`"``0P!O`&T`<`!A`&X`>0`@`'(`90!C`&\`9P!N M`&D`>@!E`&0`(`!T`&@`90`@`&0`90!F`&4`<@!R`&4`9``@`'0`80!X`"`` M90!F`&8`90!C`'0`0`@`&P` M90!V`&4`;`!S`"``80!N`&0`(`!C`&\`0`@`'8`80!L M`'4`80!T`&D`;P!N`"X`(`!)`&X`(`!A`&0`9`!I`'0`:0!O`&X`+``@`&D` M;@!T`&4`<@!I`&T`(`!I`&X`=@!E`&X`=`!O`'(`>0`@`&P`90!V`&4`;`!S M`"``:0!N`&,`;`!U`&0`90`@`&T`80!N`&$`9P!E`&T`90!N`'0`)P!S`"`` M90!S`'0`:0!M`&$`=`!E`',`(`!O`&8`(`!A`&X`;@!U`&$`;``@`&D`;@!V M`&4`;@!T`&\`<@!Y`"``;`!O`',`0`@`'8`80!L`'4`80!T`&D`;P!N`',`(`!A M`&X`9``@`&\`=`!H`&4`<@`@`&T`80!T`'0`90!R`',`+``@`'(`90!F`&4` M<@`@`'0`;P`@`'0`:`!E`"``8P!O`&X`0`G`',` M(`!&`&\`<@!M`"``,0`P`"T`2P`@`&8`;P!R`"``=`!H`&4`(`!Y`&4`80!R M`"``90!N`&0`90!D`"``1`!E`&,`90!M`&(`90!R`"``,P`Q`"P`(``R`#`` M,``Y`"X`#0`-``T`5`!H`&4`(`!C`&\`;@!S`&\`;`!I`&0`80!T`&4`9``@ M`'(`90!S`'4`;`!T`',`(`!F`&\`<@`@`'0`:`!E`"``=`!H`'(`90!E`"`` M;0!O`&X`=`!H`',`(`!E`&X`9`!E`&0`(`!-`&$`<@!C`&@`(``S`#$`+``@ M`#(`,``Q`#``(`!A`'(`90`@`&X`;P!T`"``;@!E`&,`90!S`',`80!R`&D` M;`!Y`"``:0!N`&0`:0!C`&$`=`!I`'8`90`@`&\`9@`@`'0`:`!E`"``<@!E M`',`=0!L`'0``!P`&4`8P!T`&4`9``@`&8` M;P!R`"``=`!H`&4`(`!Y`&4`80!R`"``90!N`&0`:0!N`&<`(`!$`&4`8P!E M`&T`8@!E`'(`(``S`#$`+``@`#(`,``Q`#``+@`\``%.`&\`=`!E`"``,@`@ M`"T`(`!)`$T`4`!!`$,`5``@`$\`1@`@`%(`10!#`$4`3@!4`$P`60`@`$D` M4P!3`%4`10!$`"``00!#`$,`3P!5`%0`3@!)`$X`1P`@`%``4@!/`$X`3P!5 M`$X`0P!%`$T`10!.`%0`4P`\``%)`&T`<`!A`&,`=``@`$\`9@`@`%(`90!C M`&4`;@!T`&P`>0`@`$D`0`@`'<` M:0!L`&P`(`!C`&\`;@!T`&D`;@!U`&4`(`!T`&\`(`!E`'8`80!L`'4`80!T M`&4`(`!S`'4`8@!S`&4`<0!U`&4`;@!T`"``90!V`&4`;@!T`',`(`!T`&@` M<@!O`'4`9P!H`"``=`!H`&4`(`!D`&$`=`!E`"``;P!F`"``=`!H`&4`(`!I M`',`0`N M`"``#0`-``T`10!F`&8`90!C`'0`:0!V`&4`(`!*`&$`;@!U`&$`<@!Y`"`` M,0`L`"``,@`P`#$`,``L`"``=`!H`&4`(`!#`&\`;0!P`&$`;@!Y`"``80!D M`&\`<`!T`&4`9``@`$8`00!3`"``3@!O`"X`(``Q`#8`-@`L`"``(@!!`&,` M8P!O`'4`;@!T`&D`;@!G`"``9@!O`'(`(`!4`'(`80!N`',`9@!E`'(`0!I`&X`9P`@`',`<`!E`&,`:0!A`&P`+0!P`'4`<@!P`&\`0!I`&X`9P`@`%,`4`!%`',`(`!F`'(`;P!M`"``=`!H`&4`(`!C M`&\`;@!S`&\`;`!I`&0`80!T`&D`;P!N`"``9P!U`&D`9`!A`&X`8P!E`"`` M;P!F`"``1@!)`$X`(`!.`&\`+@`@`#0`-@`H`%(`*0`N`"``1@!!`%,`(`!. M`&\`+@`@`#$`-@`W`"``8P!H`&$`;@!G`&4`0`@ M`&D`0`G M`',`(`!R`&4`0`N`!T``4X`;P!T`&4`(``T`"`` M+0`@`$,`3P!-`%``4@!%`$@`10!.`%,`20!6`$4`(`!)`$X`0P!/`$T`10`H M``%#`&\`;0!P`'(`90!H`&4`;@!S`&D`=@!E`"``20!N`&,`;P!M`&4`(`!$ M`&D`@!E`&0`(`!A`',`(`!F`&\`;`!L`&\`=P!S`#H`#0`-``D`*`!4`&@`;P!U M`',`80!N`&0`0`@`',`90!C`'4`<@!I`'0`:0!E`',`(``) M``D`"0`)``T`#0`)`"``80!N`&0`(`!D`&4`<@!I`'8`80!T`&D`=@!E`"`` M:0!N`',`=`!R`'4`;0!E`&X`=`!S`"``=0!S`&4`9``@`&D`;@`@`&,`80!S M`&@`(``)``D`"0`)``T`#0`)`"``9@!L`&\`=P`@`&@`90!D`&<`90!S`"P` M(`!N`&4`=``@`&\`9@`@`'0`80!X`&4`0`N``T`#0`-`"@`,@`I`"``5`!H`&4`(`!T`&$`>``@`&4`9@!F`&4` M8P!T`"``;P!F`"``80!D`&H`=0!S`'0`;0!E`&X`=`!S`"``;P!F`"``;0!A M`'(`:P!E`'0`80!B`&P`90`@`&4`<0!U`&D`=`!Y`"``0`N`!L``4X`;P!T`&4`(``U`"``+0`@`%``4@!/`$0` M50!#`%0`(`!7`$$`4@!2`$$`3@!4`$D`10!3`"8``5``<@!O`&0`=0!C`'0` M(`!7`&$`<@!R`&$`;@!T`&D`90!S`"``1`!I`',`8P!L`&\`0`G M`',`(`!A`&,`8P!R`'4`80!L`"``9@!O`'(`(`!P`'(`;P!D`'4`8P!T`"`` M=P!A`'(`<@!A`&X`=`!Y`"``8P!L`&$`:0!M`',`(`!D`'4`<@!I`&X`9P`@ M`'0`:`!E`"``9@!I`'(``!P`&4`;@!S`&4`0`@`&(`90`@`&T`80!D M`&4`(`!T`&\`(`!L`&D`80!B`&D`;`!I`'0`:0!E`',`(`!A`&,`8P!R`'4` M90!D`"``9@!O`'(`(`!Q`'4`80!L`&D`9@!I`&4`9``@`&4`>`!I`'0`(`!C M`&\`0`L`"``<`!L`&$`;@!T`"``80!N`&0`(`!E M`'$`=0!I`'``;0!E`&X`=``@`&D`0`L`"`` M4`!L`&$`;@!T`"``80!N`&0`(`!%`'$`=0!I`'``;0!E`&X`=``@`%0`;P!P M`&D`8P`@`&\`9@`@`'0`:`!E`"``00!3`$,`+``@`&$`;@!D`"``:0!F`"`` M:0!M`'``80!I`'(`;0!E`&X`=``@`&4`>`!I`',`=`!S`"P`(`!T`&@`90`@ M`&,`80!R`'(`>0!I`&X`9P`@`'8`80!L`'4`90`@`&\`9@`@`'0`:`!E`"`` M<@!E`&P`80!T`&4`9``@`&$`0`@`&(`90`@`'(`90!C`&\`<@!D`&4`9``@`&8` M;P!R`"```!P`&4`;@!S`&4`(``@`&X`90!T`"``:0!N`"`` M=`!H`&4`(`!T`&@`<@!E`&4`(`!M`&\`;@!T`&@``!I`'0`(`!C`&\``!I M`'0`(`!0`&P`80!N``D`"0`R`#``,``Y``D`"0!S`&\`;`!D`"``;P!R`"`` M4P!'`$$`"0`)`&$`8P!C`'(`=0!A`&P`"0`)`&4`>`!P`&4`;@!S`&4`(``M M`"``;@!E`'0`"0`)`#(`,``Q`#``"0`-``T`"0!0`&$`:0!N`'0`(`!3`'0` M;P!R`&4``!I`'0`(`!C`&\``!P`&4`8P!T`&4`9``@`'(`90!T M`'4`<@!N`"``;P!N`"``80!S`',`90!T`',`"0`)`"@`,0`P`"P`-0`Q`#4` M*0`)``D`"0`H`#D`+``R`#``,0`I``D`"0`)`"@`-P`Q`#4`*0`)``D`"0`H M`#0`-0`S`"D`"0`)``D`"0`)``T`#0`)`"``00!M`&\`<@!T`&D`>@!A`'0` M:0!O`&X`(`!O`&8`.@`)``D`"0`)``D`"0`)``T`#0`)`"``4`!R`&D`;P!R M`"``0`@ M`'``<@!O`'8`:0!D`&4`0`@`&(`90`@`&D`9`!E`&X`=`!I`&8`:0!E`&0` M(`!A`',`(`!A`"``<@!A`&X`9P!E`"``80!N`&0`(`!N`&\`(`!S`'``90!C M`&D`9@!I`&,`(`!A`&T`;P!U`&X`=``@`'<`:0!T`&@`:0!N`"``=`!H`&$` M=``@`'(`80!N`&<`90`@`&,`80!N`"``8@!E`"``9`!E`'0`90!R`&T`:0!N M`&4`9``@`&T`;P!R`&4`(`!L`&D`:P!E`&P`>0`@`'0`:`!A`&X`(`!A`&X` M>0`@`&\`=`!H`&4`<@`@`&$`;0!O`'4`;@!T`"``=P!I`'0`:`!I`&X`(`!T M`&@`90`@`'(`80!N`&<`90`L`"``=`!H`&4`(`!M`&D`;@!I`&T`=0!M`"`` M;P!F`"``=`!H`&4`(`!R`&$`;@!G`&4`(`!I`',`(`!P`'(`;P!V`&D`9`!E M`&0`+@`@`$$`=``@`$T`80!R`&,`:``@`#,`,0`L`"``,@`P`#$`,``L`"`` M=`!H`&4`(`!U`&X`80!C`&,`<@!U`&4`9``@`&T`80!X`&D`;0!U`&T`(`!O M`&8`(`!T`&@`90`@`&4`0`@`&(`90`@`&$`=`!T`'(`:0!B`'4`=`!E`&0`(`!T M`&\`(`!T`&@`90`@`$,`;P!M`'``80!N`'D`(`!R`&4`;`!A`'0`:0!V`&4` M(`!T`&\`(`!T`&@`80!T`"``80!T`'0`<@!I`&(`=0!T`&4`9``@`'0`;P`@ M`&\`=`!H`&4`<@`@`'``80!R`'0`:0!E`',`+``@`'0`:`!E`"``;@!A`'0` M=0!R`&4`(`!A`&X`9``@`&T`80!G`&X`:0!T`'4`9`!E`"``;P!F`"``=`!H M`&4`(`!W`&$`0`N``T` M#0`-`$8`;P!U`'(`(`!O`&8`(`!T`&@`90`@`$,`;P!M`'``80!N`'D`)P!S M`"``8P!U`'(`<@!E`&X`=`!L`'D`(`!A`&X`9``@`&8`;P!R`&T`90!R`&P` M>0`@`&\`=P!N`&4`9``@`&T`80!N`'4`9@!A`&,`=`!U`'(`:0!N`&<`(`!S M`&D`=`!E`',`(`!A`&,`8P!O`'4`;@!T`"``9@!O`'(`(`!T`&@`90`@`&T` M80!J`&\`<@!I`'0`>0`@`&\`9@`@`'0`:`!E`"``80!C`&,`<@!U`&$`;``@ M`&8`;P!R`"``90!N`'8`:0!R`&\`;@!M`&4`;@!T`&$`;``M`'(`90!L`&$` M=`!E`&0`(`!A`&,`=`!I`'8`:0!T`&D`90!S`"``80!N`&0`(`!T`&@`90`@ M`'4`;@!A`&,`8P!R`'4`90!D`"``;0!A`'@`:0!M`'4`;0`@`&\`9@`@`'0` M:`!E`"``90!S`'0`:0!M`&$`=`!E`&0`(`!R`&$`;@!G`&4`(`!O`&8`(`!P M`&\`0`@`'0`;P`@`'0`:`!E`',`90`@ M`&8`;P!U`'(`(`!S`&D`=`!E`',`+@`@`$D`;@`@`'0`:`!E`"``80!G`&<` M<@!E`&<`80!T`&4`(`!U`&X`80!C`&,`<@!U`&4`9``@`&T`80!X`&D`;0!U M`&T`(`!O`&8`(``D`#$`,``P`"X`.``@`&T`:0!L`&P`:0!O`&X`(`!A`'0` M(`!-`&$`<@!C`&@`(``S`#$`+``@`#(`,``Q`#``+``@`"0`-@`Q`"X`.0`@ M`&T`:0!L`&P`:0!O`&X`+``@`&\`<@`@`#8`,0`N`#0`(`!P`&4`<@!C`&4` M;@!T`"P`(`!R`&4`;`!A`'0`90!D`"``=`!O`"``=`!H`&4`(`!F`&\`=0!R M`"``;0!A`&X`=0!F`&$`8P!T`'4`<@!I`&X`9P`@`',`:0!T`&4`0`@`&(`90`@`'(`90!Q`'4`:0!R`&4`9``@`&$` M=``@`&4`80!C`&@`(`!S`&D`=`!E`"X`#0`-``T`30!A`&X`80!G`&4`;0!E M`&X`=``@`&,`80!N`&X`;P!T`"``<`!R`&4`0`@`'(`90!S`'4`;`!T`"``:0!N`"``80`@`&T`80!T M`&4`<@!I`&$`;``@`&D`;0!P`&$`8P!T`"``;P!N`"``;@!E`'0`(`!I`&X` M8P!O`&T`90`@`&8`;P!R`"``=`!H`&4`(`!A`&X`;@!U`&$`;``@`&\`<@`@ M`&D`;@!T`&4`<@!I`&T`(`!P`&4`<@!I`&\`9``@`&0`=0!R`&D`;@!G`"`` M=P!H`&D`8P!H`"``=`!H`&4`(`!A`&0`9`!I`'0`:0!O`&X`80!L`"``8P!O M`',`=`!S`"``80!R`&4`(`!A`&,`8P!R`'4`90!D`"X`(`!-`&$`;@!A`&<` M90!M`&4`;@!T`"``9`!O`&4`0`@`'``;P!T`&4`;@!T`!,``4X`;P!T`&4`(``Y M`"``+0`@`$P`20!4`$D`1P!!`%0`20!/`$X`'@`!3`!I`'0`:0!G`&$`=`!I M`&\`;@`@`$0`:0!S`&,`;`!O`',`=0!R`&4`(`!!`&(`0`@`&D`0`@`&\`9@`@ M`&,`;`!A`&D`;0!S`"``80!N`&0`(`!L`&$`=P!S`'4`:0!T`',`+``@`&D` M;@!C`&P`=0!D`&D`;@!G`"``;`!I`'0`:0!G`&$`=`!I`&\`;@`@`'(`90!L M`&$`=`!I`&X`9P`@`'0`;P`@`'``<@!O`&0`=0!C`'0`(`!L`&D`80!B`&D` M;`!I`'0`>0`@`&$`;@!D`"``=P!A`'(`<@!A`&X`=`!Y`"P`(`!P`&4`<@!S M`&\`;@!A`&P`(`!I`&X`:@!U`'(`>0`L`"``90!N`'8`:0!R`&\`;@!M`&4` M;@!T`&$`;``L`"``:0!N`'0`90!L`&P`90!C`'0`=0!A`&P`(`!P`'(`;P!P M`&4`<@!T`'D`+``@`&,`;P!M`&T`90!R`&,`:0!A`&P`+``@`&,`;P!N`'0` M<@!A`&,`=`!U`&$`;``@`&$`;@!D`"``80!N`'0`:0!T`'(`=0!S`'0`(`!C M`&P`80!I`&T`0`@`'4`;@!C M`&4`<@!T`&$`:0!N`'0`:0!E`',`(`!R`&4`9P!A`'(`9`!I`&X`9P`@`'0` M:`!E`"``<`!O`',`0`@`&\`<@`@`'0`:`!E`"``<@!E`&0`=0!C`'0`:0!O`&X`(`!O M`&8`(`!A`"``;`!I`&$`8@!I`&P`:0!T`'D`+@`@`"``20!N`"``80!C`&,` M;P!R`&0`80!N`&,`90`@`'<`:0!T`&@`(`!T`&@`90`@`$,`;P!N`'0`:0!N M`&<`90!N`&,`:0!E`',`(`!4`&\`<`!I`&,`(`!O`&8`(`!T`&@`90`@`$$` M4P!#`"P`(`!T`&@`90`@`$,`;P!M`'``80!N`'D`(`!A`&,`8P!R`'4`90!S M`"``9@!O`'(`(`!T`&@`90!S`&4`(`!C`&\`;@!T`&D`;@!G`&4`;@!C`&D` M90!S`"``8@!Y`"``80`@`&,`:`!A`'(`9P!E`"``=`!O`"``:0!N`&,`;P!M M`&4`(`!W`&@`90!N`"``:0!T`"``:0!S`"``8@!O`'0`:``@`'``<@!O`&(` M80!B`&P`90`@`'0`:`!A`'0`(`!O`&X`90`@`&\`<@`@`&T`;P!R`&4`(`!F M`'4`=`!U`'(`90`@`&4`=@!E`&X`=`!S`"``=P!I`&P`;``@`&\`8P!C`'4` M<@`@`&,`;P!N`&8`:0!R`&T`:0!N`&<`(`!T`&@`90`@`&8`80!C`'0`(`!O M`&8`(`!A`"``;`!O`',`0`@`&4`0`@`&D`0`@`&@`:0!G`&@`90!R`"``=`!H`&$`;@`@`&,`=0!R`'(`90!N`'0`;`!Y M`"``80!C`&,`<@!U`&4`9``L`"``=`!H`&4`(`!R`&4`8P!O`'(`9`!I`&X` M9P`@`&\`9@`@`'0`:`!E`"``80!D`&0`:0!T`&D`;P!N`&$`;``@`&P`:0!A M`&(`:0!L`&D`=`!Y`"``;0!A`'D`(`!R`&4`0`G`',`(`!R`&4`0`@`&@`80!S`"``8@!E`&4` M;@`@`&D`;@!C`'4`<@!R`&4`9``@`&$`;@!D`"``8P!A`&X`;@!O`'0`(`!B M`&4`(`!R`&4`80!S`&\`;@!A`&(`;`!Y`"``90!S`'0`:0!M`&$`=`!E`&0` M+``@`&$`;@!Y`"``<`!O`'0`90!N`'0`:0!A`&P`(`!L`&D`80!B`&D`;`!I M`'0`>0`@`'4`;`!T`&D`;0!A`'0`90!L`'D`(`!D`&4`=`!E`'(`;0!I`&X` M90!D`"``=`!O`"``8@!E`"``80!T`'0`<@!I`&(`=0!T`&$`8@!L`&4`(`!T M`&\`(`!T`&@`90`@`$,`;P!M`'``80!N`'D`(`!M`&$`>0`@`'(`90!S`'4` M;`!T`"``:0!N`"``80`@`&T`80!T`&4`<@!I`&$`;``@`&D`;0!P`&$`8P!T M`"``;P!N`"``=`!H`&4`(`!#`&\`;0!P`&$`;@!Y`"<`0`@`&\`<@`@`&8`:0!N`&$`;@!C`&D`80!L`"``8P!O`&X` M9`!I`'0`:0!O`&X`(`!F`&\`<@`@`'0`:`!E`"``80!N`&X`=0!A`&P`(`!O M`'(`(`!I`&X`=`!E`'(`:0!M`"``<`!E`'(`:0!O`&0`(`!D`'4`<@!I`&X` M9P`@`'<`:`!I`&,`:``@`',`=0!C`&@`(`!L`&D`80!B`&D`;`!I`'0`>0`@ M`&D``!P`&\``!C M`&4`0`@`&(`90`@ M`'(`90!M`&\`=`!E`"X`#0`-``T`3`!E`&$`9``@`'``:0!G`&T`90!N`'0` M(`!A`&X`9``@`&P`90!A`&0`+0!B`&$`0`G`',`(`!P`&$`0`@`&$`8P!T`&D`;P!N`',`+``@`'`` M=0!R`'``;P!R`'0`90!D`"``8P!L`&$`0`@`'8`80!R`&D`;P!U`',`(`!C`&\`=0!N`'0`:0!E`',`+``@`&,`:0!T M`&D`90!S`"P`(`!S`&,`:`!O`&\`;``@`&0`:0!S`'0`<@!I`&,`=`!S`"`` M80!N`&0`(`!O`'0`:`!E`'(`(`!G`&\`=@!E`'(`;@!M`&4`;@!T`"T`<@!E M`&P`80!T`&4`9``@`&4`;@!T`&D`=`!I`&4`0`L`"``;@!E M`&<`;`!I`&<`90!N`'0`(`!M`&D`0`L`"``=@!I`&\`;`!A`'0`:0!O`&X`0`@`&$`;@!D`"``<`!R`&\`<`!E`'(`=`!Y`"``9`!A`&T` M80!G`&4`+``@`&,`;P!S`'0`0`@`&D`0`@`&4`0`G M`',`(`!E`&X`=@!I`'(`;P!N`&T`90!N`'0`80!L`"T`<@!E`&P`80!T`&4` M9``@`&$`8P!T`&D`=@!I`'0`:0!E`',`+@`-``T`#0!4`&@`90`@`&P`;P!S M`',`(`!O`&X`(`!D`&D`0`@`'4`0!E`&4`(`!T`&4`<@!M`&D`;@!A M`'0`:0!O`&X``!I`'0`(`!O`'(`(`!D`&D``!P`&4`;@!S`&4`(`!F`'(`;P!M`"`` M9@!I`&X`80!N`&,`:0!N`&<`"0`)``D`"0`)``T`#0`)`"``80!N`&0`(`!I M`&X`=@!E`',`=`!I`&X`9P`@`&$`8P!T`&D`=@!I`'0`:0!E`',`"0`)``D` M,0`L`#<`,P`R``D`"0`)`#0`,0`V``T`#0`)`$8`;P!R`&4`:0!G`&X`(`!C M`'4`<@!R`&4`;@!C`'D`(`!R`&4`;`!A`'0`90!D`"``;`!O`',``!P`&4`;@!S`&4`"0`)``D`,@`L`#$`,P`X``D`"0`)`#$`+``T`#0` M.``-``T`"0!/`'0`:`!E`'(`(`!E`'@`<`!E`&X`0`@`'0`<@!A`&X`0`@`&0`80!T`&4`0`@`&(`=0!S`&D`;@!E`',``!P`&4`;@!S`&4`(`!C`&$`<`!T M`&D`;P!N`"``=P!A`',`(`!I`&T`;0!A`'0`90!R`&D`80!L`#L`(`!N`&\` M(`!S`&D`;@!G`&P`90`@`&,`80!T`&4`9P!O`'(`>0`@`&\`9@`@`&D`=`!E M`&T``!C`&4`90!D`&4`9``@`"0`,0`N`#``(`!M`&D`;`!L`&D` M;P!N`"X`%@`!3@!O`'0`90`@`#$`,0`@`"T`(`!)`$X`0P!/`$T`10`@`%0` M00!8`$4`4P`@``%)`&X`8P!O`&T`90`@`%0`80!X`&4```@`'(`80!T`&4`(`!W`&$` M0`@`'(`90!C`&\` M9P!N`&D`>@!E`&0`(`!T`&@`90`@`&0`90!F`&4`<@!R`&4`9``@`'0`80!X M`"``90!F`&8`90!C`'0`@!E`&0`(`!T`&$`>``@ M`&(`90!N`&4`9@!I`'0```@`'``;P!S M`&D`=`!I`&\`;@!S`"``9@!O`'(`(`!W`&@`:0!C`&@`(`!I`'0`(`!I`',` M(`!R`&4`80!S`&\`;@!A`&(`;`!Y`"``<`!O`',``!T`"``=`!W`&4` M;`!V`&4`(`!M`&\`;@!T`&@```@`&$`=0!D`&D` M=`!S`"P`(`!S`'0`80!T`&4`(`!S`&4`=`!T`&P`90!M`&4`;@!T`"``;@!E M`&<`;P!T`&D`80!T`&D`;P!N`',`(`!C`'4`<@!R`&4`;@!T`&P`>0`@`&D` M;@`@`'``<@!O`&<`<@!E`',`0`@`&,`;P!M`'`` M;`!E`'0`90!D`"``=`!H`&4`(`!A`'4`9`!I`'0`(`!O`&8`(`!T`&@`90`@ M`#(`,``P`#0`(`!A`&X`9``@`#(`,``P`#4`(`!T`&$`>``@`'D`90!A`'(` M0`@`&4`>`!A`&T`:0!N`&D`;@!G`"``=`!R M`&$`;@!S`&$`8P!T`&D`;P!N`',`(`!R`&4`;`!A`'0`90!D`"``=`!O`"`` M5`!H`&4`(`!3`&@`90!R`'<`:0!N`"T`5P!I`&P`;`!I`&$`;0!S`"``0P!O M`&T`<`!A`&X`>0`@`$4`;0!P`&P`;P!Y`&4`90`@`%,`=`!O`&,`:P`@`%`` M=0!R`&,`:`!A`',`90`@`&$`;@!D`"``4P!A`'8`:0!N`&<``!A`&T`:0!N`&$`=`!I`&\`;@`@`&\`9@`@`'0`:`!E M`"``=`!R`&$`;@!S`&$`8P!T`&D`;P!N`',`+``@`&D`=``@`'(`90!Q`'4` M90!S`'0`90!D`"``=`!H`&4`(`!$`&4`<`!A`'(`=`!M`&4`;@!T`"``;P!F M`"``3`!A`&(`;P!R`"``=`!O`"``<@!E`'8`:0!E`'<`(`!T`&@`90`@`'0` M<@!A`&X```@`'D`90!A`'(``!C`&4` M<`!T`"``<`!E`'(`(`!S`&@`80!R`&4`(`!D`&$`=`!A`"D`"0`R`#``,0`P M``D`"0`R`#``,``Y``T`#0`-``D`0@!A`',`:0!C``D`"0`)``D`#0`-``D` M(`!!`'8`90!R`&$`9P!E`"``8P!O`&T`;0!O`&X`(`!S`&@`80!R`&4`0`@``D`"0`)``D`#0`-``D`(`!I M`',`0`@`&D`0`L`"``9`!U`&4`(`!T`&\`(`!T`&@`90!I`'(`(`!A M`&X`=`!I`"T`9`!I`&P`=0!T`&D`=@!E`"``90!F`&8`90!C`'0`+@`-``T` M#0!"`&$`0`G`',`(`!R`&4` M0`N`"`` M5`!H`&4`(`!T`'<`;P`M`&,`;`!A`',`0`G`',`(`!U`&X`=@!E`',`=`!E`&0` M(`!S`&@`80!R`&4`0`@`',`=`!O`&,`:P`@`&T`90!T`&@`;P!D`"``:0!S`"``9`!I M`',`8P!L`&\`0`@`'(` M90!P`&\`<@!T`',`(`!S`&4`9P!M`&4`;@!T`"``:0!N`&8`;P!R`&T`80!T M`&D`;P!N`"``:0!N`"``=`!H`&4`(`!S`&$`;0!E`"``=P!A`'D`(`!T`&@` M80!T`"``;0!A`&X`80!G`&4`;0!E`&X`=``@`&D`;@!T`&4`<@!N`&$`;`!L M`'D`(`!O`'(`9P!A`&X`:0!Z`&4``!T`&4`<@!N`&$`;``@`',`80!L`&4``!T`&4`<@!N`&$`;``@`',`80!L`&4` M0`@`'0`:`!E`"``4`!A`&D`;@!T`"``4P!T`&\`<@!E`',`(`!' M`'(`;P!U`'``(`!D`'4`<@!I`&X`9P`@`'0`:`!E`"``9@!I`'(`0`@`&$`8@!S`&\`<@!B`&4` M9``@`&T`80!N`'4`9@!A`&,`=`!U`'(`90!D`"``8P!O`',`=``L`"``8@!A M`',`90!D`"``;P!N`"``;@!O`'(`;0!A`&P`(`!C`&$`<`!A`&,`:0!T`'D` M(`!V`&\`;`!U`&T`90!S`"P`(`!P`&P`=0!S`"``8P!U`',`=`!O`&T`80!R M`'D`(`!D`&D``!P`&4`;@!S M`&4`0`@`'0`:`!E`"``0P!O`&T`<`!A`&X`>0`L`"``:0!N`&,` M;`!U`&0`:0!N`&<`(`!T`&@`90`@`$,`;P!M`'``80!N`'D`)P!S`"``:`!E M`&$`9`!Q`'4`80!R`'0`90!R`',`(`!S`&D`=`!E`"P`(`!A`&X`9``@`&0` M:0!S`'``;P!S`&$`;``@`&\`9@`@`&D`9`!L`&4`(`!F`&$`8P!I`&P`:0!T M`&D`90!S`"X`(`!3`&$`;`!E`',`(`!O`&8`(`!T`&@`:0!S`"```!T`&4`<@!N M`&$`;``@`&P`90!A`',`:0!N`&<`(`!R`&4`=@!E`&X`=0!E`"``;P!F`"`` M90!X`&,`90!S`',`(`!H`&4`80!D`'$`=0!A`'(`=`!E`'(`0`@`&$`8P!Q`'4`:0!R`&4`9``@`%,`80!Y`&4`<@!L`&$` M8P!K`"``20!N`&0`=0!S`'0`<@!I`&$`;``@`$,`;P!A`'0`:0!N`&<`0`@ M`'``;P!S`'0`+0!C`&P`;P!S`&D`;@!G`"``80!D`&H`=0!S`'0`;0!E`&X` M=`!S`"X`(`!(`&4`80!D`'$`=0!A`'(`=`!E`'(`90!D`"``:0!N`"``4`!I M`&$`;@!O`'(`;P`L`"``20!T`&$`;`!Y`"P`(`!3`&$`>0!E`'(`;`!A`&,` M:P`@`&D`0`G`',`(`!C`&\`;@!S M`&\`;`!I`&0`80!T`&4`9``@`&8`:0!N`&$`;@!C`&D`80!L`"``@!N`&$`;@`L`"``4`!O`&P`80!N`&0`+``@`$$`;`!T M`&$`>``@`&D`0`@`'(`90!F`&P` M90!C`'0`(`!T`&@`90`@`&$`8P!T`'4`80!L`"``<@!E`',`=0!L`'0`0`@ M`&0`90!R`&D`=@!A`'0`:0!V`&4`(`!A`',``!E`&,`=0!T`&D`=@!E`"``#0`-``D`9`!E`&8`90!R`'(`90!D M`"``8P!O`&T`<`!E`&X`0`@`&0`90!R`&D`=@!A`'0`:0!V M`&4`(`!A`',`0`@`',`=P!A`'``0`@`&T` M;P!D`&4`;`!S`"X`#0`-``T`"0`H`#,`*0`@`%0`:`!E`"``9`!E`&8`90!R M`'(`90!D`"``8P!O`&T`<`!E`&X``!E`&,`=0!T`&D`=@!E`"``9`!E`&8`90!R`'(`90!D`"``8P!O M`&T`<`!E`&X`@!E`',`(`!T M`&@`90`@`&,`80!R`'(`>0!I`&X`9P`@`&$`;0!O`'4`;@!T`"``80!N`&0` M(`!F`&$`:0!R`"``=@!A`&P`=0!E`"``;P!F`"``=`!H`&4`(`!#`&\`;0!P M`&$`;@!Y`"<`0`@`'0`<@!A`&0`90!D`"`` M9`!E`&(`=``@`&$`;@!D`"``;@!O`&X`+0!P`'4`8@!L`&D`8P!L`'D`(`!T M`'(`80!D`&4`9``@`&0`90!B`'0`(`!I`&X`(`!A`&,`8P!O`'(`9`!A`&X` M8P!E`"``=P!I`'0`:``@`'0`:`!E`"``1@!A`&D`<@`@`%8`80!L`'4`90`@ M`$T`90!A`',`=0!R`&4`;0!E`&X`=`!S`"``80!N`&0`(`!$`&D`0`G`',`(`!P`'4`8@!L`&D`8P!L`'D`(`!T M`'(`80!D`&4`9``@`&0`90!B`'0`(`!A`'(`90`@`&(`80!S`&4`9``@`&\` M;@`@`'$`=0!O`'0`90!D`"``;0!A`'(`:P!E`'0`(`!P`'(`:0!C`&4`0`@`&@`80!S`"``:0!N`'8`90!S`'0`90!D`"``:0!N`"``=`!H`&4`(`!5 M`"X`4P`N`"``80!F`&8`;P!R`&0`80!B`&P`90`@`&@`;P!U`',`:0!N`&<` M(`!A`&X`9``@`&@`:0!S`'0`;P!R`&D`8P`@`'(`90!N`&\`=@!A`'0`:0!O M`&X`(`!R`&4`80!L`"``90!S`'0`80!T`&4`(`!M`&$`<@!K`&4`=`!S`"X` M(`!4`&@`90!S`&4`(`!N`&\`;@`M`'0`<@!A`&0`90!D`"``:0!N`'8`90!S M`'0`;0!E`&X`=`!S`"``:`!A`'8`90`@`&(`90!E`&X`(`!I`&0`90!N`'0` M:0!F`&D`90!D`"``80!S`"``=@!A`'(`:0!A`&(`;`!E`"``:0!N`'0`90!R M`&4`0`@`&D`0`@`&(`90!N`&4`9@!I`&,`:0!A`'(`>0`N`"`` M20!N`"``80!C`&,`;P!R`&0`80!N`&,`90`@`'<`:0!T`&@`(`!T`&@`90`@ M`$,`;P!N`',`;P!L`&D`9`!A`'0`:0!O`&X`(`!4`&\`<`!I`&,`(`!O`&8` M(`!T`&@`90`@`$$`4P!#`"P`(`!T`&@`90`@`&D`;@!V`&4`0!I`&X`9P`@ M`&$`;0!O`'4`;@!T`"``;P!F`"``=`!H`&4`(`!I`&X`=@!E`',`=`!M`&4` M;@!T`',`+``@`&D`;@!C`&P`=0!D`&4`9``@`&D`;@`@`$\`=`!H`&4`<@`@ M`&$`!@``*`I``"T M&@``<"L``(0<``#>+0``\AX``+-#``"H%```A%,``%D$```480``Z1$``&&% M```7%@``X[@``%L)``#2Z```*QD``#@4`0!3!```,34!`"T%```````````` M``H````)"!````80`$88S0?!@```!@(```L"%````````````!$````````` M'4D!``T``@`!``P``@!D``\``@`!`!$``@```!``"`#\J?'236)0/U\``@`! M`"H``@```"L``@```((``@`!`(``"````````````"4"!````/\`@0`"`,$$ M%````!4```"#``(```"$``(```"A`"(`"0!D``$``0`!`$8`6`)8`@`````` M`.`_````````X#\!`%4``@`(`'T`#```````MCP/````!`!]``P``0`"`+88 M#P````0`?0`,``,`_P`D"0\````$```"#@``````$0```````P````@"$``` M``````#_`````````0\`"`(0``$````"`/\````````!#P`(`A```@`````` M_P````````$/``@"$``#`````0#_`````````0\`"`(0``0````!`/\````` M```!#P`(`A``!0````$`_P````````$/``@"$``&`````0#_`````````0\` M"`(0``<````!`/\````````!#P`(`A``"`````$`_P````````$/``@"$``) M`````0#_`````````0\`"`(0``H````!`/\````````!#P`(`A``"P````$` M_P````````$/``@"$``,`````0#_`````````0\`"`(0``T````!`/\````` M```!#P`(`A``#@````(`_P````````$/``@"$``/`````0#_`````````0\` M"`(0`!`````!`/\````````!#P#]``H``````!<``````/T`"@`!````%P`! M````_0`*``$``0`7``(```#]``H``0`"`!<``P```/T`"@`"````%@`$```` M_0`*``,````8``4```#]``H``P`!`!L`!@```/T`"@`$````&``'````_0`* M``0``0`;``@```#]``H`!0```!@`"0```/T`"@`%``$`&P`*````_0`*``8` M```8``L```#]``H`!@`!`!L`#````/T`"@`'````&``-````_0`*``<``0`; M``X```#]``H`"````!@`#P```/T`"@`(``$`&P`0````_0`*``D````8`!$` M``#]``H`"0`!`!L`$@```/T`"@`*````&``3````_0`*``H``0`;`!0```#] M``H`"P```!@`%0```/T`"@`+``$`&P`6````_0`*``P````8`!<```#]``H` M#``!`!L`$````/T`"@`-````&``8````?@(*``T``0`<`#:S*1K]``H`#@`` M`!@`&0````,"#@`.``(`'0```"#%UC;W0?T`"@`/````&``:````?@(*``\` M`0`<``!HGT#]``H`$````!@`&P```/T`"@`0``$`&P`<````UP`F`"8#``!` M`0X`*@`.`!P`'``<`!P`'``<`!P`'``<`!P`'``@`!P`/@(2`+8&`````$`` M`````````````*``!`!D`&0`'0`/``,````````!`````````.\`!@```#<` M```*````"0@0```&$`!&&,T'P8````8"```+`A0````````````5```````` M`/!.`0`-``(``0`,``(`9``/``(``0`1``(````0``@`_*GQTDUB4#]?``(` M`0`J``(````K``(```""``(``0"```@````````````E`@0```#_`($``@#! M!!0````5````@P`"````A``"````H0`B``D`9``!``$``0!&`%@"6`(````` M``#@/P```````.`_`0!5``(`"`!]``P``````+8\#P````0`?0`,``$``@"V M&`\````$`'T`#``#`/\`)`D/````!````@X``````!4```````,````(`A`` M````````_P````````$/``@"$``!`````@#_`````````0\`"`(0``(````` M`/\````````!#P`(`A```P````(`_P````````$/``@"$``$`````@#_```` M`````0\`"`(0``4````"`/\````````!#P`(`A``!@````(`_P````````$/ M``@"$``'`````@#_`````````0\`"`(0``@````"`/\````````!#P`(`A`` M"0````(`_P````````$/``@"$``*`````@#_`````````0\`"`(0``L````" M`/\````````!#P`(`A``#`````(`_P````````$/``@"$``-`````@#_```` M`````0\`"`(0``X````"`/\````````!#P`(`A``#P````(`_P````````$/ M``@"$``0``````#_`````````0\`"`(0`!$````"`/\````````!#P`(`A`` M$@````(`_P````````$/``@"$``3`````@#_`````````0\`"`(0`!0````" M`/\````````!#P#]``H``````!<`'0```/T`"@`!````%P`>````_0`*``$` M`0`7``(```#]``H``0`"`!<`'P```/T`"@`"````%@`@````_0`*``,````8 M`"$```"]`!(``P`!`!T`JHQ?`!T`5J5>``(`_0`*``0````8`"(```"]`!(` M!``!`!P`5*@J01P`WAHU``(`_0`*``4````8`",```"]`!(`!0`!`"```!XE M02``/,4D00(`_0`*``8````8`"0```"]`!(`!@`!`!X``42Q0!X``2:Q0`(` M_0`*``<````8`"4```"]`!(`!P`!`!P`+F@E`!P`H)0B00(`_0`*``@````8 M`"0```!^`@H`"``!`!X``8RN0`,"#@`(``(`'@!F9F9F9J9#0/T`"@`)```` M&``F````O0`2``D``0`<``#(G4`<`(!2Q$`"`/T`"@`*````&``G````O0`2 M``H``0`<``"9QD`<``#5QT`"`/T`"@`+````&``H````O0`2``L``0`<``#X M@\`<``#@@\`"`/T`"@`,````&``I````O0`2``P``0`<``".ND`<``!(D<`" M`/T`"@`-````&``J````O0`2``T``0`@`$`([4`@`*#9Z$`"`/T`"@`.```` M&``K````O0`2``X``0`<`,`YVD`<``"7RD`"`/T`"@`/````&``L````O0`2 M``\``0`A`,#6WT`A`.`SXD`"`/T`"@`0````%@`M````_0`*`!$````8`"X` M``"]`!(`$0`!`!\``0`^0!\``0!`0`(`_0`*`!(````8`"\```"]`!(`$@`! M`!\``0`^0!\``0!`0`(`_0`*`!,````8`#````"]`!(`$P`!`!P`NE2]&1P` M%M*D&P(`_0`*`!0````8`#$```"]`!(`%``!`!P`&O1(&AP`,OV$`<`("+UD`<`,`[U4`#`/T` M"@`5````&`!*````O0`8`!4``0`@`*#L0$$@`):1AP`@`-(@AP`#`/T`"@`6 M````&`!+````O0`8`!8``0`<`%H85@`<`&AF-4$<`'Y74P`#`/T`"@`7```` M&`!,````O0`8`!<``0`@`%2F*$$@`/;W,0`@`%;),P`#`/T`"@`8````&`!- M````O0`8`!@``0`@`&HW$P$@`#[H!P$@`!)/#0$#`/T`"@`9````%@!.```` M_0`*`!H````8`$\```"]`!@`&@`!`!P`$/<-01P`@"360!P`E%DG00,`_0`* M`!L````8`%````"]`!@`&P`!`!P`=@PK`!P`G)CF```P#]``H`+0```!@`8@```+T`&``M``$` M(0!J-Q,!(0`^Z`/`'`!@ M5>3``@#]``H`'````!@`@@```+T`$@`<``$`'`"`2--`'```^[I``@#]``H` M'0```!@`@P```+T`$@`=``$`'```9JA`'```_)5``@#]``H`'@```!@`A``` M`+T`$@`>``$`'`#`*MG`'`"`R=7``@#]``H`'P```!@```D`"0`)``D M`"0`)``^`A(`M@``````0```````````````H``$`&0`9``=``\``P`````` M``$`````````[P`&````-P````H````)"!````80`$88S0?!@```!@(```L" M%`````````````0`````````_FD!``T``@`!``P``@!D``\``@`!`!$``@`` M`!``"`#\J?'236)0/U\``@`!`"H``@```"L``@```((``@`!`(``"``````` M`````"4"!````/\`@0`"`,$$%````!4```"#``(```"$``(```"A`"(`"0!D M``$``0`!`$8`6`)8`@```````.`_````````X#\!`%4``@`(`'T`#``````` MMCP/````!`!]``P``0`!`+88#P````0`?0`,``(`_P`D"0\````$```"#@`` M````!````````@````@"$`````````#_`````````0\`"`(0``$````!`/\` M```````!#P`(`A```@``````_P````````$/``@"$``#`````0#_```````` M`0\`_0`*```````7`(P````!`@8``0```!<`_0`*``$``0`7``(```#]``H` M`@```!8`C0```/T`"@`#````&`".````_0`*``,``0`;`(\```#7``P`H``` M`#P`#@`8``X`/@(2`+8``````$```````````````*``!`!D`&0`'0`/``,` M```````!`````````.\`!@```#<````*````"0@0```&$`!&&,T'P8````8" M```+`A0````````````$`````````/%K`0`-``(``0`,``(`9``/``(``0`1 M``(````0``@`_*GQTDUB4#]?``(``0`J``(````K``(```""``(``0"```@` M```````````E`@0```#_`($``@#!!!0````5````@P`"````A``"````H0`B M``D`9``!``$``0!&`%@"6`(```````#@/P```````.`_`0!5``(`"`!]``P` M`````+8\#P````0`?0`,``$``0"V&`\````$`'T`#``"`/\`)`D/````!``` M`@X```````0```````(````(`A``````````_P````````$/``@"$``!```` M`0#_`````````0\`"`(0``(``````/\````````!#P`(`A```P````$`_P`` M``````$/`/T`"@``````%P"0`````0(&``$````7`/T`"@`!``$`%P`"```` M_0`*``(````6`)$```#]``H``P```!@`D@```/T`"@`#``$`&P"3````UP`, M`*`````\``X`&``.`#X"$@"V``````!```````````````"@``0`9`!D`!T` M#P`#`````````0````````#O``8````W````"@````D($```!A``1AC-!\&` M```&`@``"P(4````````````!`````````#D;0$`#0`"``$`#``"`&0`#P`" M``$`$0`"````$``(`/RI\=)-8E`_7P`"``$`*@`"````*P`"````@@`"``$` M@``(````````````)0($````_P"!``(`P004````%0```(,``@```(0``@`` M`*$`(@`)`&0``0`!``$`1@!8`E@"````````X#\```````#@/P$`50`"``@` M?0`,``````"V/`\````$`'T`#``!``$`MA@/````!`!]``P``@#_`"0)#P`` M``0```(.```````$```````"````"`(0`````````/\````````!#P`(`A`` M`0````$`_P````````$/``@"$``"``````#_`````````0\`"`(0``,````! M`/\````````!#P#]``H``````!<`E`````$"!@`!````%P#]``H``0`!`!<` M`@```/T`"@`"````%@"5````_0`*``,````8`)8```#]``H``P`!`!L`EP`` M`-<`#`"@````/``.`!@`#@`^`A(`M@``````0```````````````H``$`&0` M9``=``\``P````````$`````````[P`&````-P````H````)"!````80`$88 MS0?!@```!@(```L"%`````````````0`````````UV\!``T``@`!``P``@!D M``\``@`!`!$``@```!``"`#\J?'236)0/U\``@`!`"H``@```"L``@```((` M`@`!`(``"````````````"4"!````/\`@0`"`,$$%````!4```"#``(```"$ M``(```"A`"(`"0!D``$``0`!`$8`6`)8`@```````.`_````````X#\!`%4` M`@`(`'T`#```````MCP/````!`!]``P``0`!`+88#P````0`?0`,``(`_P`D M"0\````$```"#@``````!````````@````@"$`````````#_`````````0\` M"`(0``$````!`/\````````!#P`(`A```@``````_P````````$/``@"$``# M`````0#_`````````0\`_0`*```````7`)@````!`@8``0```!<`_0`*``$` M`0`7``(```#]``H``@```!8`F0```/T`"@`#````&`":````_0`*``,``0`; M`)L```#7``P`H````#P`#@`8``X`/@(2`+8``````$```````````````*`` M!`!D`&0`'0`/``,````````!`````````.\`!@```#<````*````"0@0```& M$`!&&,T'P8````8"```+`A0````````````$`````````,IQ`0`-``(``0`, M``(`9``/``(``0`1``(````0``@`_*GQTDUB4#]?``(``0`J``(````K``(` M``""``(``0"```@````````````E`@0```#_`($``@#!!!0````5````@P`" M````A``"````H0`B``D`9``!``$``0!&`%@"6`(```````#@/P```````.`_ M`0!5``(`"`!]``P``````+8\#P````0`?0`,``$``0"V&`\````$`'T`#``" M`/\`)`D/````!````@X```````0```````(````(`A``````````_P`````` M``$/``@"$``!`````0#_`````````0\`"`(0``(``````/\````````!#P`( M`A```P````$`_P````````$/`/T`"@``````%P"<`````0(&``$````7`/T` M"@`!``$`%P`"````_0`*``(````6`)T```#]``H``P```!@`G@```/T`"@`# M``$`&P"?````UP`,`*`````\``X`&``.`#X"$@"V``````!````````````` M``"@``0`9`!D`!T`#P`#`````````0````````#O``8````W````"@````D( M$```!A``1AC-!\&````&`@``"P(4````````````!`````````"]0$`#0`"``$`#``"`&0`#P`"``$`$0`"````$``(`/RI\=)-8E`_ M7P`"``$`*@`"````*P`"````@@`"``$`@``(````````````)0($````_P"! M``(`P004````%0```(,``@```(0``@```*$`(@`)`&0``0`!``$`1@!8`E@" M````````X#\```````#@/P$`50`"``@`?0`,``````"V/`\````$`'T`#``! M``$`MA@/````!`!]``P``@#_`"0)#P````0```(.```````$```````"```` M"`(0`````````/\````````!#P`(`A```0````$`_P````````$/``@"$``" M``````#_`````````0\`"`(0``,````!`/\````````!#P#]``H``````!<` MK`````$"!@`!````%P#]``H``0`!`!<``@```/T`"@`"````%@"M````_0`* M``,````8`*X```#]``H``P`!`!L`KP```-<`#`"@````/``.`!@`#@`^`A(` MM@``````0```````````````H``$`&0`9``=``\``P````````$````````` M[P`&````-P````H````)"!````80`$88S0?!@```!@(```L"%``````````` M``0`````````B7L!``T``@`!``P``@!D``\``@`!`!$``@```!``"`#\J?'2 M36)0/U\``@`!`"H``@```"L``@```((``@`!`(``"````````````"4"!``` M`/\`@0`"`,$$%````!4```"#``(```"$``(```"A`"(`"0!D``$``0`!`$8` M6`)8`@```````.`_````````X#\!`%4``@`(`'T`#```````MCP/````!`!] M``P``0`!`+88#P````0`?0`,``(`_P`D"0\````$```"#@``````!``````` M`@````@"$`````````#_`````````0\`"`(0``$````!`/\````````!#P`( M`A```@``````_P````````$/``@"$``#`````0#_`````````0\`_0`*```` M```7`+`````!`@8``0```!<`_0`*``$``0`7``(```#]``H``@```!8`L0`` M`/T`"@`#````&`"R````_0`*``,``0`;`+,```#7``P`H````#P`#@`8``X` M/@(2`+8``````$```````````````*``!`!D`&0`'0`/``,````````!```` M`````.\`!@```#<````*````"0@0```&$`!&&,T'P8````8"```+`A0````` M```````$`````````'Q]`0`-``(``0`,``(`9``/``(``0`1``(````0``@` M_*GQTDUB4#]?``(``0`J``(````K``(```""``(``0"```@````````````E M`@0```#_`($``@#!!!0````5````@P`"````A``"````H0`B``D`9``!``$` M`0!&`%@"6`(```````#@/P```````.`_`0!5``(`"`!]``P``````+8\#P`` M``0`?0`,``$``0"V&`\````$`'T`#``"`/\`)`D/````!````@X```````0` M``````(````(`A``````````_P````````$/``@"$``!`````0#_```````` M`0\`"`(0``(``````/\````````!#P`(`A```P````$`_P````````$/`/T` M"@``````%P"T`````0(&``$````7`/T`"@`!``$`%P`"````_0`*``(````6 M`+4```#]``H``P```!@`M@```/T`"@`#``$`&P"W````UP`,`*`````\``X` M&``.`#X"$@"V``````!```````````````"@``0`9`!D`!T`#P`#```````` M`0````````#O``8````W````"@````D($```!A``1AC-!\&````&`@``"P(4 M````````````!`````````!O?P$`#0`"``$`#``"`&0`#P`"``$`$0`"```` M$``(`/RI\=)-8E`_7P`"``$`*@`"````*P`"````@@`"``$`@``(```````` M````)0($````_P"!``(`P004````%0```(,``@```(0``@```*$`(@`)`&0` M`0`!``$`1@!8`E@"````````X#\```````#@/P$`50`"``@`?0`,``````"V M/`\````$`'T`#``!``$`MA@/````!`!]``P``@#_`"0)#P````0```(.```` M```$```````"````"`(0`````````/\````````!#P`(`A```0````$`_P`` M``````$/``@"$``"``````#_`````````0\`"`(0``,````!`/\````````! M#P#]``H``````!<`N`````$"!@`!````%P#]``H``0`!`!<``@```/T`"@`" M````%@"Y````_0`*``,````8`+H```#]``H``P`!`!L`NP```-<`#`"@```` M/``.`!@`#@`^`A(`M@``````0```````````````H``$`&0`9``=``\``P`` M``````$`````````[P`&````-P````H````)"!````80`$88S0?!@```!@(` M``L"%`````````````0`````````8H$!``T``@`!``P``@!D``\``@`!`!$` M`@```!``"`#\J?'236)0/U\``@`!`"H``@```"L``@```((``@`!`(``"``` M`````````"4"!````/\`@0`"`,$$%````!4```"#``(```"$``(```"A`"(` M"0!D``$``0`!`$8`6`)8`@```````.`_````````X#\!`%4``@`(`'T`#``` M````MCP/````!`!]``P``0`!`+88#P````0`?0`,``(`_P`D"0\````$```" M#@``````!````````@````@"$`````````#_`````````0\`"`(0``$````! M`/\````````!#P`(`A```@``````_P````````$/``@"$``#`````0#_```` M`````0\`_0`*```````7`+P````!`@8``0```!<`_0`*``$``0`7``(```#] M``H``@```!8`O0```/T`"@`#````&`"^````_0`*``,``0`;`+\```#7``P` MH````#P`#@`8``X`/@(2`+8``````$```````````````*``!`!D`&0`'0`/ M``,````````!`````````.\`!@```#<````*````"0@0```&$`!&&,T'P8`` M``8"```+`A0````````````$`````````%6#`0`-``(``0`,``(`9``/``(` M`0`1``(````0``@`_*GQTDUB4#]?``(``0`J``(````K``(```""``(``0"` M``@````````````E`@0```#_`($``@#!!!0````5````@P`"````A``"```` MH0`B``D`9``!``$``0!&`%@"6`(```````#@/P```````.`_`0!5``(`"`!] M``P``````+8\#P````0`?0`,``$``0"V&`\````$`'T`#``"`/\`)`D/```` M!````@X```````0```````(````(`A``````````_P````````$/``@"$``! M`````0#_`````````0\`"`(0``(``````/\````````!#P`(`A```P````$` M_P````````$/`/T`"@``````%P#``````0(&``$````7`/T`"@`!``$`%P`" M````_0`*``(````6`,$```#]``H``P```!@`P@```/T`"@`#``$`&P##```` MUP`,`*`````\``X`&``.`#X"$@"V``````!```````````````"@``0`9`!D M`!T`#P`#`````````0````````#O``8````W````"@````D($```!A``1AC- M!\&````&`@``"P(4````````````!`````````!(A0$`#0`"``$`#``"`&0` M#P`"``$`$0`"````$``(`/RI\=)-8E`_7P`"``$`*@`"````*P`"````@@`" M``$`@``(````````````)0($````_P"!``(`P004````%0```(,``@```(0` M`@```*$`(@`)`&0``0`!``$`1@!8`E@"````````X#\```````#@/P$`50`" M``@`?0`,``````"V/`\````$`'T`#``!``$`MA@/````!`!]``P``@#_`"0) M#P````0```(.```````$```````"````"`(0`````````/\````````!#P`( M`A```0````$`_P````````$/``@"$``"``````#_`````````0\`"`(0``,` M```!`/\````````!#P#]``H``````!<`Q`````$"!@`!````%P#]``H``0`! M`!<``@```/T`"@`"````%@#%````_0`*``,````8`,8```#]``H``P`!`!L` MQP```-<`#`"@````/``.`!@`#@`^`A(`M@``````0```````````````H``$ M`&0`9``=``\``P````````$`````````[P`&````-P````H````)"!````80 M`$88S0?!@```!@(```L"%`````````````0`````````.XSV3````!0`````P````$````H````````@#`````$```` M.````````````````@```+`$```3````"00``!\````(`````!B M`'(`;````/[_```%`@(```````````````````````(````"U XML 36 R7.xml IDEA: Note 2 - IMPACT OF RECENTLY ISSUED ACCOUTNING PRONOUNCEMENTS 2.0.0.10 false Note 2 - IMPACT OF RECENTLY ISSUED ACCOUTNING PRONOUNCEMENTS 00910 - Disclosure - Note 2 - IMPACT OF RECENTLY ISSUED ACCOUTNING PRONOUNCEMENTS true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_NewAccountingPronouncementsAndChangesInAccountingPrinciplesAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">2</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">In February 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2010-11, which amends the Subsequent Events Topic of the Accounting Standards Codification (ASC) to eliminate the requirement for public companies to disclose the date through which subsequent events have been evaluated. The Company will continue to evalu ate subsequent events through the date of the issuance of the financial statements, however, consistent with the guidance, this date will no longer be disclosed. ASU 2010-11 does not have any impact on the Company's results of operations, financial condition or liquidity. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Effective January 1, 2010, the Company adopted FAS No. 166, "Accounting for Transfers of Financial Assets" (now codified in the Transfers and Servicing Topic of the ASC) and FAS No. 167, "Amendments to FASB Interpretation (FIN) No. 46(R)" (now codified in the Consolidation Topic of the ASC). FAS No. 166 removes the concept of a qualifying special-purpose entity (SPE) from FAS No. 140 and eliminates the exception for qualifying SPEs from the consolidation guidance of FIN No. 46(R). FAS No. 167 changes the analysis th at must be performed to determine the primary beneficiary of a variable interest entity (VIE), amends certain guidance in FIN No. 46(R) for determining whether an entity is a VIE and requires enhanced disclosures about involvement with VIEs. The statements do not have a significant impact on the Company's results of operations, financial condition, liquidity or disclosures.</font></p> NOTE 2&#8212;IMPACT OF RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS&#160;In February 2010, the Financial Accounting Standards Board (FASB) issued Accounting false false false Represents disclosure of any changes in an accounting principle, including a change from one generally accepted accounting principle to another generally accepted accounting principle when there are two or more generally accepted accounting principles that apply or when the accounting principle formerly used is no longer generally accepted. Also disclose any change in the method of applying an accounting principle, or any change in an accounting principle required by a new pronouncement in the unusual instance that a new pronouncement does not include specific transition provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 2, 17, 18 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 01 -Paragraph b -Subparagraph 6 -Article 10 false false 1 2 false UnKnown UnKnown UnKnown false true ZIP 37 0000950123-10-039508-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000950123-10-039508-xbrl.zip M4$L#!!0````(`&=VG#R![HE.DW8```9K!@`0`!P``L``00E#@``!#D!``#<76USV[:6_KXS^Q^XWCNW M[4PE$WR'T^:.XI=6=V/+:SG;W4\96H(LWE*D2E*VU5^_!R!EDB`%DB:DI$EF M$ILO.`\.@',>'`('/_WC9>4K3R2*O3#X^00-U1.%!+-P[@6//Y]\NK\:."?_ M>/_O__;3?PP&RB\D()&;D+GR8:N<^V[D)5OE:GJG/%E#2\*P/P^B1/HA.__?ZXW2V)"MW MX`5QX@8SLGL+RHU"G\1U`MD-6@`>J*@@R?>"WTNBV#N9,/V4WGYPXU<1+Y7G M,V@(8WS*[A;0)-MU/1IVHP:-%SR1.*F\D5ZN>SX.#0W9@@ID3[SBIVTI>IQ3 M*;T[YP!E#YNGZ33]/KCY?NY&./E.,.Z&%QTF0P#`J7"_<\^;T[L(CD<(`DO(@(K/A M8_AT>C[^KY/W*OWC8$=5?SKE7RX*/=TC-9.X)I$7SO>@82V=O$^530??JZCL M3E5.J;S=Q4Q#36J[(+-O3FU(.[C:=KT-J=^(VI!ZC-[VSTV@J]]8;U.M@:X> M2FU7=Y/KS_]T`S4=HY_O)]^*H0,]1> MH&GJ54Q?O=FLZ/PIC+A']F*,EVY$XGJ4?'N(!!0P7)`@7'E!.Q2-35('HE[" M[HF2CEIH>LI4T-B:(DW52.+SS:&B<^7Q.,[#.)DLLKLY&$<:&,?63624 ML)1D\H!^B<(XOHW"1=8.#`Z6!L?""%M."4Y!X@X,3+6*E_/1O8,$)10A:6]# M5+0:AC'4?CK=*YA7TY3X,#5\3",C_BB8C^;0][TX@6'H/9'+ES4)X@)<)$^# M2'-LLZ3!=F"*RN7>J'M\%&>UOR')U/7SH>*HFF3=ZWB(4MV_!1??-&,``S8A M`3UDTA2&O(&.3%LMM42]["I"&J1901W&P2Q);S$P&\QRN*:_GZ)@# MVPB#1WX3!N&:NAIHI/2EBGHM:7@'EHW+IF*O^*J&ZH*PT*>!S&Q M83I<6QVM0O6ZA"(S77^`P5GP#HXJSUEIEF.:-?6N"*_T2Y+D=KDO%D7R>"[=*(#6H::*$9D/;NS-7G&ADO,:WUR]#1@CH^I0+X"JE=L$[L+S M-S2X_PH/'0M>)ID'^!OQ'I=P??0$G?N1`+M](-%DD5+"R2:A4Q/ZH8+3JB8% M]HYX(M7&)OQUEVYJ-93%I MJP/G$P#;455-,I.V.G"W?O"D,FG+D`([IYPPG[4L#7]A)FV9DJOEJ!JV;4T: MDYXD2Q)E#IMS!MB2-Y=%F',&-7*[0+,EFBW54,VNV,[=>`DFF?Y'#?$3,!DP MOJ/DW(VB+:CY?UP_GQ!88@9>64K!`<0(V65_TDHZ#WDTFX4;>.R.S`B\\N`3 M,(+GFRB"=W.D6A^D-K8=5&YGD=2>2A62\LIJ*`ZJH6F&>2RE"L._34AMX+R& M>BRE"D._E;52E2\MNH:/I53A1*`9J:5R8;\N2J6$*TC":'M%9SA+,O\E#.=Q MCDW(^IM&D67KFL$3J3IY75$)N7VCQG356`AP]'*/F4GHB;(Y0:/'OB8UW:[?)GY M&\K0J[!ZC7>8^1J(M]O-TFOZMQ>0>3:#O_7=('WW*HSH+]GU^"8,9ERKVBV, M@@"^8>HJXGM]-RB"L5"'MP6O%/0";%I(VS<<]F/ZZ.910\MN01CW0W!,9)7M M!"V<%_AAX_FTP:EI':_64?A$6`")Q<]S)/WXH`J-E_35:?< ME`*9/#RXN291LJ6#(A%HL)?YUT!_Z9*4'*-8<`W;WZPV/MUK=4'6$2!A(5'X MV2?T!_I!9!5&B?;<&P=5;^@].%S3H<(1,T4`0:.H1V` MSSD=P@UU*TDU;,KA=P+R./Z+ISQS@@G\.];+YF8)-?&"^;S^%>YI_285TUOB8^ MA_NY$0.IIO,5\3G[U;DP M=`]KV"OV;,)$F]L5(=D:VFH'QU$WN]40OP!?JC6TQ7M,FO!IR#;TPUI#6^T5 MD@9KJ&/NX]N7M8:VVNNS)](MT^#"M5_2&MKBK3&-QL!P#`M+LH:V>-]+XQ=E M`VFZV<8:\C,"6[R!I?F[B8I53@LR)BJV>'=)X]C!V-+XW3]'G*C8XDTBS<;) MX-:>CZ_D\%72(M-NKG%+!JPS2Y?:1EN@1W<$^BU88;_WHN0^> M[R4>J39?OT"5P>`5`3:*YK&R-/? MM%ZQ)QMF?=PTOEY>;>/=AC"O`#8;L?E8U9$7*E>'O%=02G,,37.J[?LF3$U= MLPY]KY`5^')LU*!OA>X\7*W"8)J$L]]+ZPQMK6>0"M-E`>698UE2=3*2>?PZ M,+W\`\RQ;0Y,C3`>SZ>`N!&T]^5TZY^[ M:R]Q\XF`ULL#(*32U?@U1(<76-WFF;AT4.QV'I1FJ@MO5L@7HO7R"H:)D&65 MM=8LO.)$(Y8+9EO7Q7IY"(,N4>?<5E68(/3`U`U#!&;W2Q+$WA/)=[\`\YTL MP">_8M5[N8Z!#G-1;B+2$4F%;M(J+D-_3J(XW?:48^WE4Y"!33Z`614F\+JC M8"X"U\MMU$57FT1W(>IZKW5.FF9)Y^EZKV5/@,>VZCJ_54,BV3-TY M'$_7^ZUWM0R,9?)TO>=J5^A@LGFZWFNIDP'30*W&C?7BZ7J_Q4HZUBUN_7MO MGF[T6G!D.VG#?0F>;O1;*>OH=ET$[5@\W>BU4);N<75J%BKTX^E&3R?A6(8M MC:<;O?R#=)YN]/(&A^#I1K_%L*KE8*MNK8M$GF[T\@K`TV$R[1R.IQO]/(2J MVI:N'XFGBW/>-&$=Z`AZ<&4+W(%XNC@E3O.:7*QB4ST43V^S/;?;JE:9/+W+ MEMPZ6F>RW1]2B7J_K;<6_3)8O_=2%E'OM^,6:3;BEL!*)>IM-MD*EIT@@\L$ MTY.HM]E)*_J*A;EMI<-M'542.=SX?8GZFUVSXH^L5D:,B4'U/MMG:5Y M)+C%B$:IIM8WD!=:N7?Y!. MU*U>WN`01-WJY0&0JED&MZY/.E%OLWM:E%[#0":W=4TJ46^SEUHP!FFLB]N& M<#BBWF:#]7ZL`X.N1#I60+W-'FS1BE,'81,?BJBWV:#=;8%>5Z)>L(I[DS[9 MCCB7E2#PGR>"Q32'/K)K[7%C4J>RN10`%6>G:@$T-8[[#'4CT';JM%N@K)V? M%=0)G-FQ\('5Z?0%>A1UX@Z-OB<+F:UB#>UA"]+46=XU]1:@\M1YZT:3:)I0 M@\MT0%3 M)=09/'E1&-`XANO?D169I]V)S]?<(0]F<[ZG;:#4-3:_M\ZB"HA@%*SBW=&R)R=.4`/[)@LX,J<;M%^XDFK.#M4M]/(M,JF MZP84`IM9?#DC9O2\A/J1(OM@]8+:M=O'+*\N7S6S]E,R@X')[RG/O#O>-_*W8]HV\R6(2S;W`C;:[\V@* MU9`X_\8ZMP)6`$!HW6@<8;)FY[%N,@CP7HB'.25D4<,#(M;>-,%4"6:7OO4+8D\>C!4 M>4Z15T8>+="0PTUPNR"JF9;MCL"Z=;W<_(JSFG7S>V8E'W9)9DW.%'8$5QF/ MS&FVK?.)YG.)K<+9XIQBW<[*,AU'>CB[PTGWCPG7-KXPX6SL3@-6B?8H(+CA;.Q.#M:)^#V M7R*C0;B[.[=>,,FM[XB>-@L6PLSO/63?.([CO^/&LK$XB5S'HV555!_C.6Q(&XOSSG5K#WM_:/&@(6TL3E/7K2%, M@\\^?.R0-A8GN^LVWDW5XISXEP]I8W$*O6Z=SL"F4SF=Y:L*:6-Q>KYN[6E9 M6KL`_@&"VEBUL3C18;>FL52]S9G;O8+:6)P%L1M@S>)60+TAJHW% MF1"[=FY<.79R;U2[TRG5N$V&Q-?%[4[%#EH:M\[X3:=43Z)'-\CBSN?@UT+? MF[M9OOQ;J"<-):0QZ6ST`KV@^PV8C;KPXID?QIN(W`/L#SZXQ[QV=I>/">__ M[B?OUDJ<;'WR\WUPF9P^A/W^7 M2?#)(H'R7]Z=4`'WOUXJTU\O[WX;WPQ^&W_\.!Y=3Y7SR?7MZ.;_E-'-A3+] M]&$ZOAB/[L:74XKFE):[@W:ZWOWTM=7K9G)_.57N)U"7FXO+F^GE!?UI.ODX MOAC=PR]7XYO1S?EX]%&9WL.%Z\N;^ZGR_:>;T:>+,=S_06)5W=7ZW7^"F?IB M&JM54&H/8P5H*=#,2G7?*(H5#7U^ME1T]*-"^[W4HA5Z/(W4$JE%_)8:N_WP MD*;'BD@F`AVV^%33#CB(=Q]&T_%4F5PIMW>74QC(H_OQY.9;:M-ZR[TDBCL# MYK!V`^KZP'>ZF[F7P&@&GS2G'V[83YF[@U\6.^\&$';N35FZ3T1Y("10UA', MNEE8,&`%1W-XFBC/7K)4/@VG0^41YE*1Z_M;>INL:9%NF@Z(BE]''A2^]J$B MW_\R&MW^H"S"",JB!\&O"K*]`*ZOTH^Y=#3#!`"NO1XF%"M)J,#$8*4@=?#? M0V7$D(``?_LC?7:KS$,E"!-XAYY'`CKP?25<9,64BUZ$80*/`J*(9"'/AVU: M%XJ0`:0*]$E":K4S5,8!*SE<>P$M%01!^[B/[/:/3+:;?TM2OJ?Z]ECTB3X: M4#0^"*T`2KT`VL8F#=02`&AD4/<@5&+O,?`6WLP%*>E4)::]=48C03/0=+$[0K>?T>E@[-%> M+-5G`&,EJP<293ZNQH'T*1W:=I37@\8RH4O#6\]4'1%Y8G$A-R[TFWFZOH!V MU(47Q8G*#A(@6&8`#/\>:ET`,7[@R&/[OH M1;/-BFY4A]89?ONC%`QDRO>H\IF%5NBF4,!F^Z[S^E=4""]=QN! M99Z]*G.T6%"/\^`3Y9QN*Q_-DE?W\"MQ?7!"[#J]=CG?S-)FV'VOSU99T9>@ M4U$H,(JHAQS1=B&^MP+K#D:>EI:X+S`GG:?NAAK:)R_/,`]=J"-0(U!&Q%3Z!LB1M!RR_`S2F<74!:!N(\==+4 M$81@P/XD:;7FV;9HAHBP&$R\0N$L-\2;ABZB!,[-\0&AH*=`2?ZF4'H%0P'0_>C+7!W/,W ME`&0+$>0LH;;,IRWFNW$R\((?4PT/PDVB?/]Q?#7Y05F19!G.:9,\N?XF[6?9H5S` MAR@Y2X!$L)MIMXT*`Y<)_1;J"XPI#&AG3]@S,/VCKQ,7 M1C#MRKG%2PG5KE2?0,ME%HZMIF#OTW]`'QQ+VW$^)A_<\HSF/V+4CO6.G8"< M2'T7%]P<1?-"^PH\11$-*$01D(@-B'_!&Y0ZIH,A`/V\OLQPY"6\ZHVQ.S?+ MQ)7#KLC:,+UL@,!21!0$:A[3*KW^[>P87`5(\0!*@QI78(@G,T7?W M]'23\8`,B?H*A4A*3KBA!Z(T%A1@:;,Q?H695RG]AIF6>8CYJ0W`@S""CZP] M1H(3H'_9X<@:YC@4AW`B-%U0W28&A<`%\!KH@5C"SO,4RHE=,E7) MFU_$5*GLUI*#_[DT=6,"EA(F!<%*$[\-K%L'_C3$.'AD(9R%*R?]3!0QR1\M M8+N+]_<89+R]?']Y??_IW^SJ[N[WRP_LXOW[F]^O M[Z^N?V5?;F^NX>_WXCCAZ.4]6$\?^<@+,021>'\Q&Z6C&'=8N$WW3)_]XL)_ MV,G'B[M??@2+Q@]!"!4^^/L,E0@[N;C[_4?P%0?^$/\S1*_R\I&,C'MW!GZ*%'V%P[]W38HDD;4#D[S_$45CUE.444/*^T1! M.0M'-@PK8JX86X(W3"$BQ`NF>--SPX>)7*:?K(T_SD5?`C MY$GF+&![R:(E<@6%3&J-+YN8Y9J`F>MM4>(H_CK*&H@M92"^;,&U]V8@?KCZ MX^K#Y?6'XS?[DG3J&6:D`=,95*T5QD<"E<&FDGW]N0AWN1YT]<^A]I/VLM42 MZ7CRAU+';)RU>R4#$D\I(G*=1.=)I:^ZV]WMJN?.4Q9JJ&(=4E#E>;XG`9[- M%.0[#I3.>5DI=/:F_7I\S6@;-<'(_<4-?1Z,#E+6)0/#\ M?))N#KN$0=:/,(C/^&$,]'?IOS-X#@77GM(CY^3+ M_Y3]1:(37JDZ#<1'4`KUA/I6#O49S(-@+4([?IW@?`]4\@*1_//RZM??[L\9 MV0>[()M"7R8+TAP+-3>3B+^$4:\1"V:Q#)WE2;6!A-FH_ZK$F= M*VTR19X[W:0(%+5;6J^1#WI7AL-W0BA'2!;;$4%?:_6K;`;L7"!^=#W8C,-$ M;V;CF05XCFW+JQO)A:VJB,L]JM0*"JV>UAGTJ@O"NF-K*]R<#+3!H%EP'?[U M")-TV6*ZU0G6ULRS7-@KY9-N&^]B)%'3UX\`*:O6VUNOF:T!4!H1UQ]96N.EHO?:K=A!2 M!F;BF;NCR;NEVGV'[-<+6=19W/^%U9?@QJ M+S^*Y"LD5$E^*901-,\/6K:FO M.C.\XHHXFBQJC01@@+T#8A$<+3!C?*S]C2Z8SX/`CDHQ4OVD-Y%X=3!5`J\X9Y M=P[Y*]XP[ZX2AUR"D_Z^:D/TM[\UOA8&MK@UOGM.72<\/4\8*\VU$EG,3]7K M;3`5O53E7>T3@)O0Q0ID<6!J+5NO_*+;5(A5#Y(:P'L7EP=1#.N>\.8X/LN"6,4=&18 M@4ZVMQPXZ6B#5NNE,,/!)4%5,5PYV7&"5S.7XW.Y]&C637JD_)OHS&T; M(;*'S,YC]IXJEA^[9^>LJ74;6\I>N95_K#9=&&`Z6 M`%M^`N3B8]MT8UN3![IE^_G^0"L;G":=M)*^D?G#X@O1 MK/>6SUR/&A4=>UO;)#WDY72/^0216XY)7D9`A^<7CGG+;03U!6:W4%;8TI21 M7BDI(Q6E]]*$0+T*45"--C$3N;IYY),=/$7MH6?SFSW&:2Q:#XG MEG7&TK5A+6=!A_*>MGQ^,^BA5OC3`?T$<=$-GCO$70'I3>$,_A: M=/6^X MW61@@(./62C4MA`D-74SQ*ZCJ0;2)(21##E""[OK@5P730CC?;(QC"A>1,R( MYGK8G#Z92N((R=,SY193?4T]_FCY1'"PV>)QCY[MKQS5+WU7_=*U@NL#!L_Q)S(!R-C0I\O,)]HQ5&[#Q#7F@#]R!S=F1X<-B\[;Y$]VTLY3` MWQF''JQ/>$5=R$*+`R]IB`IX"G@*>`=+?"6EY/:N68^^/X5\2C@'6Q/2VZM]>8+::V6U]'; MNC9=@=&[**WC`DL-V5O:O:OMZU6`,Q/TJ@Y8%8LKY?I:>3))=*T./]8A;R8X4_"P'2?',S81H04Y%M6X\#K M<"=KJQ%9.6=K>SR:W.%4"H0*A(>?ZJ`@5'*P`KLZ=K4.:Q:1O:)[*4J1S\^T M4BF;^6M0HCK%C':&C4[8ZWQ>%%_7K:T!&:-:4*QU-YF M>AWP4R*I+B+I*,RL*@I*)9$5^!3XC@1\RAY0Y'>;VU934]96 M57=5'[%T"-IO:8-!JQ*&ACKPJ#'IUH+SE>2LZDP*?@I^KQ5^1Z$]=QXH6:6V MOZ5.0*J6]*O"KXO1+X':$`K!WTCEVYPYKOXL8^HG&(Z*]SQ,<@1QY8 MZFC=]K9Q)64\'`Q[K6V+BRBU>QC,G;2T9G.H3C..0>TKG;,>[;>T04>=9>S) M8'MM:2M'SSNM[D#9:RI8<7CX'<)JZG64R:1,IM='^.`M##N54-@J_:-"E*N. MB.HD.I7JJ>JN7@?\CE``U@YZQQYQ^-5V1[K-/EJ.Y4_B:Z^%:2"B]_P(3Y/P MR4I8-Y4B;J7=%0@5"!4(JR&>7H<<5%I^%2VOLC*CI]]+1_,FS5)R=`%0O9%U4T>]M2A5)E MAT#JR)!O8Z8KS)9JJN,:J3V*KFKUP&_(Q2`M8/>L8<[ M"EJQ9'-2\1S,M/S`LT9A8+F.2D=56EV!\/!3*1#6&X1*#E9@5\>NW9.ZHAK3 MS2G>/0D\/;`>.7/'8\N`\5"_%S=?&ZCD5>4]*?@I^"GX56M7KP-^2L.KG-7# M$_`!SHY8?]N3(R5ZJKJK&L'O`)1_TM[ZN%NAKJJ[JA'\#D#Z;57$:D_FDLKN M/"K&Z6J=UK:9T4KH5757-8+?(>RE;OMHK_@HTE>DO[0]QT#5_:PJ0RK.?RV< M7\E=*?@I^"GXJ?.9*@056)OD:E3!ME&I7HJ%:NU+P4_!3\%.JO0JJ M7:5+5HEF%<]7=5<*?@I^"GY*9U=!9ZMTR:,["6HWFUOB38F>JNY*P4_!3\'O M>"6O,EI4TN)KY)S!MO4HELL:E226:L$=M7I+N55(&XE'*JZ M*P4_!3\%/Z7E MX*?@I^"G0@U5"#6\V`I25B=ZGF\4U5<'"4HZ*/@I^"GX56M7KP-^2KNK@X2# MT^\!@DJLJ77[ZC!!">^#P^\0Q'_2:ZC3!$7[!X??`6@?Y'Y372:LJ"51'Y.E MDOQ8(\ZOY*X4_!3\%/Q4R*$*(8>EO0_484(E*5M)AJKN2L%/P4_!3VGV*FAV M=9AP;#&EEM;LJ3;*2G8K^"GXO6KXU53V'H7=4D5E7A^KH9+\6"/.K^2N%/P4 M_!3\E-=?!:]_LM>:]4_"&,4];7N@W584G) M]X/#[Q#$?S+HM%6:H2+^@\/O`,3?TWI=E69845.B/C9+)?FQ1IQ?R5TI^"GX M*?BIL$05PA+W;J#;U)9NKX*1']9$1G?/0*J,\0T3+O(\VTVMV:YXFTA% MUHJLUR3K3KOB64:*IA5-KTG3)QVMTVM6/$RHZ%K1];ITW>I7O6*OHFI%U6M2 M=:NG#;8V0DKWS-\%.L`X_F1:C]'?,[F4MU/=>X#!`5_GK`'[9?(+@1#QW=MX MA-FR]YNM_/OP^MLBI.#?IV-]:MG/Y_,8H-]\Z[]WIA)(%YTB(;U@)O8K%!W#.`@=A?`%U/N!#Y>)LS.<.$X(3QRRV>N%^`"8%U3 MUFR<_IV2%_#A9ZY[C#LFC)DCCPTA0A#XP`T^'<'VP:?#1(AAJ:.?%;1>7(K\ M`MJ)<9^EU'T,LRHI__PN]$\?='UV?LO]P`OE/=(+Q[SE-M+!14PQ'RS?L%T_ M]/@]<.POMFM\^^O__@_P-/LY&N,+=WS+=>!M2FKYXL*0/+`\HIY?N,/'5E`T M#K/,O[RY^O!UV!Z^80:`''ZXY6,07;A`61LHFF.A.]))?<*N\%+&$ M?Z64-6GQ"/R)?6#K,Y^?1W_\E)JGU4@;0P7Q^?[R^'QKH_A\ZX7X_`H65[.Q MP$8]N9^XH0_H(0(Q<<^>_Y(;`0OU@8C^\J;[9GZ'S79_;H<&()M[+^U1O%?Z M'M-FI5R(4/(1=7\09+NF@=EL;H!&>NE%QZG^L/TH)8(";>F@S5H^+#)]EH%X M^7GBSN755N@HL>!O=)Q51`:4[A2G*:PISBM M/KA2G%9G[.V9TZIK:>Z1A'+'UJT-IJ*7JKPK!4`%0`5`!4`%P%H#\,`:>Z<6 MI[A/,_$X9Y]ADHG/+BD=YK/N&1/6;JY;F_L(T*WX10%0`5`!4`%0`?"8;(9M M+`0&SR_(]%(6@N(.!4`%0`7`2DZE`%A1`!Z=A<#8'?<>+8.36;!GJV#W09*U M;^+-T\UJ5^5:>]Q21VL.*G0JO`^:J#T%;+.!KM9NKGL/LN;X5C+@)9I8N]1O MS2FB]OC?9@/MAN+_NN._W"T-!NN6G*HY1=0>_UMAN[.TON\1^B17F)G%_>`0 M3LDV7F;U)$5'ZW0JE(5X;,C:#C6]9O[F?67@57?4E,M'3:VQ=C4:A:R]\%&_ MW56(J0<7=;2&$GG5Y**V-FQU7IF9>?E]Q@VL3>7Q(/0<+#>E^SY?NS=VW>FF M7"8_:3:T;K.[;DE"Q>=[X?.3H=9JK%T%52'G4,S45YQ454[J=-=N.J90H_(5 M]@K!([3:+J:N%UC_U0,LVN*.52KC*V(+!4`%0`5`!$AQ2B*LE!S2-.I3PT7LH^ M6.AU*JS&ZXZLG:+F**W-"R,(=6P*Q6S7]PL:O!PUO92=&M`;*DE<2>;N:ZW& MT@Q4A9KJ\%&[H^S,:G*18J&ZL%!+97I6DX5:FYN8@SJ:F`OKMVQF:\K=5*0- M:PTN@>T/8!64@EJK5?F;([6B:$6_.[PCI[5;E3=\:T6M2OX>5OXVM6:_\G9H MK2A:T>_NY&^OKZ2ODK['(WV[6J.WU-M4%*VD;V6D;T?K#9;Z:JG8R#MJ?AU_ M2G7%WK;!=M'[U+5\3WW0/[H>&X<>]9`T>:!;MH]7^K+-SR=9SSJ[=@+,^"UPYB$,4I..5P8^6HSL&GOW=!?#%E%JM6_.S M73A."(_<\IGK!;@86.,4\'CZ=^JUC@\_<]UCG.KWYS"X(70(&A^XP:#?/SN]`_?=#UV;GL`WKAF-0<--L(.>J# M_,'R#=OU0X_?`U/^8KO&M[_^[_]@!.WG:)Q+Y]'R7`??TNU/KN\#-@/+>>". M\5SP.K/,O[RY^O!UV&F]808\"C_<\C'PZNW-YZ]_TYU&\RLV^/IZ?_/UL^ZU MQ:[?#"Q(9M)JMGV[N?[N\ M99]NKG\]O;^\_W3%QB?I&$PLSSR=Z5[PS'PKD+,]32P#9*D[G5J!D(#PI6%SW3D-9VR& M#9791'_D(%:Y`S+YD=LPKDDC/DW@*S^D]W&EAN[`8[`8W7<=4%'/J;V,=!_^ M#>+3>K"%FSK&X?QJ5DR$H307_.C<#&(1G_"V]8TG.(JXU^8Y4<49)ZQBX*3 MA6W41-21!C5003?$;8866PH=W3"\$(&B?T]O+L&ZV"9\/0.I;R%6W3``FH49 M8.]YTW*;134;C;/29*$X!H(G;;11)B`3H^;8*63N6!%73.H9I+1#-_2137V? MX_^$T`)3S0DH%\O21Y9M@:!"$64YCT@*#^*Z(#(=F@ZF19^+I"$^HIO_"9&+ M<>!%XA.H3@<#4T>K#R::B@E&7%!6(D+"&7PM!"7Q+;P9>B@K7A9[M!08RS2M M0,@V>!GY&T710P@L:X,\$!+-\OV0.!ASTFPYN.604$/F>&:/.LC-L>=.D7Q2 ML44CC2:#J)&3U0/P`8\;FNJ`9H=X>Y19!K&8?%7)3+DSN0P]"3TCHJ?X` MBC8T>217GD`YIC8@5ZA[%M`D^/[&Q`'W[P'W2'-)](:H8Y`<4\0G]6HBV:,; MK8AE/B,W+?-\#E9BU49H@P'GOB0G()F4>&YO=`.*TOFI=`T.4JV6'OK.3M13H6,5&R0=`:G.7C MB&4L5HM$`8@V^_F,7>8M?VG1+M>!.T55KW.6/\.J**JZK9VM%?5S3G`E)H22 M5:7Z!1F^.'J-^-$-O<@X20*/*6?6(&I'#GI649 MAR6G^G]<#XUH.;2D5B'[7Q+YD66SG7=6([ZHF>=DD#6,)Y4Z<<]`)2LI.W`#X:[7&/F6>.^,70F77G]XP%!3 ML(!Q:A.JJ!'CELT+O69M6`&6FB_X608K)%0O/7$B]0*E<\;^.;%`XF?T2=9: M]=/FJDTZAKXDBPJX:CP6X0H_T!^$RA#<1>-KZ=!)=EBM8$QT]UWP]EU:X1/` M/0JR4H#FS]#"4`I,D42!C]ZZ^*P[`%C$#(8R'#=@,S"OA&411[U)U=OR0RH0 MAYG`P)*[C-NAW#'G9XK``9N$BC.Z' M(SP%H*GP>%4&3T04*^/P$%'(H2Q#<].G=R-G3$;HI7P7\2/0#:XX8)`;B*&9!#,QS@6@ MAU^0\G6&/]/=4PML/H,.EQV.OZ'Q%)MQNCB`ID`H/C^5]PF8*?A0Q-#HR815 MDG,2NC?`&Y`708':]')G!GAA`GP$H1FMY(ZDI.\.$([W>3I M=>L`2\(3/`>KSX1Q7T%\,$6GG*H[^U+0Q$P:+*"R=/008$DBWQ=!:O>1HMJ+ M:"+#'19**PK=PB#R8`WI%4/_\5D?4=+8TZ<\&WLW^1C/=7DD)"*B@P>0>D,C M%\M)^5R"!Y.P^=+AW!$2Q1P!ZT*&Z3-<-UJO(&<=;H!,UCU@E?GX\ZIA)2WV M!QM/_DA)5S&1\O,CFD_DYL$6HG4 M0F)<4AZ1[GE@;3]C-J?G2U?O/R$JK(QVT\@"MFTN#LAA,'@>7\/T)7!<+7R$ MSI=U\02=O@.[!EZ(G3WJ% M!Y$UAPO,M*W<*LDC.6]69I-5G%G_-J MT:A-:"65B28,Y:S3FTY42AU#+/5W4\[G6AYO=MWB83K&3'REE+='1%N0F+*> MLTQAB,(%6W[B,)=.Q,'$1<+3,>'I"64/9@]&IS*6+V&*"8W"-FD M*2_-BQ.P\"DW,\X40J)*O,LB`M)6\?5S-!(Y_Y%KE.:O*B.Z:MBEU(L9V8T( M1F)5_MT2V5X4[3XC=^8SX^.D#G%B'AUPB-1!7[>)=^P4 MVOQ"O!4%YK:U^*)5@[3&&($P?$20W:!?*$Y@B07%:D`'P3T&?UYWI"B6*9VT MC0=A-F-(&^1`QF*W0,(^6B89UEDK/#I>`?,\]#"0@`E*MH[F2_0#&=KR$&;D MN2'0&II445*ER'C%U1I1=,.8N*Z-(@J30B50Q=X>,%9'%G\3X>^V\C?R,1CV)RRB:.("-0`AMQ/8'-&!\.?[`M%-4G/*DS.!>^]P7"QIX>FJ&]VL.@-M#Q$'FM M(OQN`*V06O9G%GA;,/NCY=KR=7@N=,"U`$WM86Q[AOX85G,GRP2>"*>8K^N! M#A#N`WJ0Z.N!(I\!@GEZIR!'OW%`RD3W,M_/PI$-BL\)+5\G((4.9GS#*`"K M22Q@!4U%`-XMRC%F]RU&K:E/Q8$F155MBX_3Z,WQF+@#0PZM?%63ISAI!SI* M-C;B@*T^DN&_B.HSZH3X9!1:MN1W>2[D^R[854&4O:U'T$2'3GCM!FA4'9P" M0`#("@,6FCI8E:-$X-VE\"/Y9OONO%S+R;+518/CHEJ>$P;"T"$$HJ$&(NAY M/7X5WIUE2ZL.Z/[/4!C2P*$B[`AT^/EIQTH;F=,K+7,!@CZWILT7H>X&<_$Q>(S@=DL`(O MWWB!2.4`&.@4$4KR,;*D+C@(V&/A\\'S3.0?YP7?45GZQ<%P-T!"ICN-D31( MC,Y'BS_%YS]$U.3JQHBS_)6#D$',D>=O!E#TE\>,5"T M`B/;0++4&9K"I3+#9"Q)V.2&Y4LW,)5'DZ8"06K9+21P@ADQ6C,.[>,7<1^2 M-(?BFX5HJR]*HD`;4K"8S`V/8]UKL&KFBB*@-^&\./-\*0MJT<$%CT2%S+B8 MXY%W%.A:R"9QS$L*])0LP1?SXH22SQ)FG>82\E(QVCCJ*A+>#/`(:-3,`4%B M22:6>#KY)96C-V<1$0A$[#6VE2GGA!Z;$Q6I3>_#DHKRI8GU:+_BO"9GU%TL M"%X3/E.1:-K=W-LL'G#Q9@O0,N+IXY=<+F$ZWS$3;EXKB)YV]')X*SQTV4]N MX=ZBZ!>QX6N#KC<7"9QYN9\]04O(.7W(_$[N.)$92<4%2E)ZSEY&%MJ-[GKE M4+'H\&0M9$?N*OH^L)IY,HV%S!J)DAN>J6R8R[CI"BR,PRE_7(:<_.*84^00SX6,T`Z>0UY: M2T7!H[0SDWR;BI\C4U!Z'S+9[<0%=KD"G>5$!X$R!>4N.&.?7)A)8Y\MD(T@ MNQ/[WTCN\T5A^,B)B8=&:/P-1OB-@R?R M3\O'H*_EI%Q76(A8.L!69^]MW=,U]EZW+1`!CJ6GL!Q%)N410&Y!R4O@85U^ MQ[(+L7I+C2[GS$R28!*/6&PI^C#\G$-T8O*C]Q%?`Q[KC^[\UE\O\D M$K9/.OJ1%NR`ZG3!=$*WZV)Z0&&KT6B5?Z4Z2M`C%Q7(%ZUB/*@)A!T@KJ.( M##EAM>!"_1G(%W%3"Q7JDYNCT(0>-7HC\=#$<9*.WSC65,1;A6\L`Y7%&/&X M!,E$9#X(VG?81S[R0DP%;[4H^;>GQ2O&=\`?IQV!R$2_4$,[08;-@$].K!_E M=9MI*.N^B*B"D3O9PQW*@($0<&0_4R`B/O3(28S,#E`R@60)Z0)U_E#IQ)*+ M*3J+11#/,[K&*'7'E)'LZ'J3_9P4ODDNSV!,*7WI*3<]KA"6D%V#$*,%.JL]F7!*R%)&Z_E04-CQ& M=;"RJB;!E2@,8&YQMQB(L5&N$*;HD*VLP(OFTF0 M@`R8]A>9ID[/?8E+1OI`,B8O.\)^D4J=(?4GJX=(N2)AK[,[Z#G(5/]D8*V0?9";.T M?$PXT>T%NE`*2+3L$]TPYRH9<0FDM#1!4KG1O]GB,H"9>"GX(>.)L(\>1BO` M6]'*-^GT,>:!K[_;Z#15JKZT*)#Y(D).E.YPI_):R/N1Q\ILZL:)N&"*B:)\ M^!O\A+8GII-,Q7VR6/\)&K\`=K=9A\BR+\A2<(.P="G]AZP,8;VP!\QKB@Y3 M$W9Z&ZT`1;*.=?^>(ZLA=4-TS`7,(A$#.A6$"'_>=0I0;"S-;0\O_]*NR(@J M]\PT`NT@;9*5.D5*;\U)DJSY5+!AJ<)2XC`BI!D/DIQNS%R!)227.Y(9,Y9; M$GO(?(MG"&C1F<+*DJ,52+ZW&<_F2\8)S9$DIIR!P?9,]X63@WV!XU<8D4QN M-,:1KT@\B9,DV^8/XG)U.KE-!2I3@8#^=#JW)CJ\P`R; M9?#?3=ZC/Q_"H=A,9!N!1C8FX(![F)$L5F4_B^5@&55<+`IJ/_)^"S.G4)R# M8*5T212P6C1Z6B^F1Y>W#R)S0"Z`LKZ]J+;Y0XAW^?0H:WGE$3,%RFDY(A-2 MW#9T=Y($.0=C4&SA')8T7!TTC0P-%1\F2"W[RV>,9 MHSLJ5Z)*/\JL"WG:2D>?')1B@>;;9F8MY3H6(KW:E`86$6`W MBM$U&^2AM//.'_EZD7.<=_5$&M!TBB90%(C5HODBLYP.(,B!@"W!4]&-$_U) MWMX7R5*`(0I0Q=/LU",LBIX[G#6%&]P1D$A.2.>\%9]EP@99]RKQ8\I=_TT4 MX>_2&KOS:\QZ7K'_1T>X/^)RD20IZF;=WX1FUWL/(31F,B MCJ;5.G%!W51=+Z](AK_UDVQ4>68G[G5'`46IR*27M`N]0RRA8[(./&AD+OI:-'\\:&\$K+@ M&#513>EQ4'D,K%]%AH.A>R,PZ;'B%M`+P8JRDSR4=\*.-D5^G!#.HOT/ MI3[M5FZ(*,D,1):4SD(4"E<%O$8,;]#WM-DGBG\X5B)[4Q@6X3-DYWR^"WV1&1**X7:2:%'[B.]RA@F M783"8GZ;I%Q1)08UY:4=0CF^/`E M^TBFQ*QL'T5*8IT\\J.BO-4B=U>.'WKB9`$3U?!62TT2">=#:G@\FLI%QGU1 M]Z(DJ!%9J[^#PO.>/(LJCP(E?;+=9_,MA1(^N8Z)/DWB>1;<)Y7.FCC-%*>U M;I+C.Y^^)RX8/$VX_!QUAYK/S2],7IZ_PYM0LB'X0[Y-JM%BU0_*,M8PHV!,93%.NRU9VJ0D%E'QI4XVHV'G2+8N6 M24P:+0S?QK619R5FX"Q]=RT%@>CN0B'TYE)6HIL#<6D5(A+P0(*".L4%`(N* M%C^A_TKV*(D7/4BVF.JV53#`4P0`6`&WY#&P3*6.C,74H50J(UW4A1'[\3@F M/F.T;B,\R0NT>KX+56J^Q;=!U[BTFJK?Z[AK)8:ODH7.+C(WF"E3!OR$B?N$ M+D:VGM=+=T;6W9@X'%YTD6/3JDA++G34L&)2FO7>^G%<"*B6DH)%9I,\.)._ MQ55)Y"E:%.S*"_!D.%((_W:];\M'C(,-.R\%NJ"69[K49UR-%?0L.*1TL3%; M'31;_K/7+*7\Y[:MO2O:&GPUD^9Z]_5'F^5VDTK5&]WMNC]>75]"=*/3B>2*"(VNJX0UE+%+SJ-LAS\=T M1$H.97WK:%N8?"1>PC(&:]OZS.?GT1\_I>9IQ71)KWO1NQ/!K*S9GWU/?C9! MD\@'GBPSF,#OW0$,P%!%G.HVF"7G2.T_)5.[WOG_:=`_/X$]$V^]*6*O MCS?7]Z'(/=J8/5"NJ M?.">/?_'//@#<]FV6IOLJA5O*BMZJC)5;Q-<]085W]41`/!=X!V2!:L!;'C; M!^'[ES?=-[E9^S2MG$:(PU-ZY)QZ#?R4_47."J^D%FI0W/C%I?9;2R73/R^O M?OWM_IR1%;.-K+J__-?]Z<6GJU^OSYE'P9CVBQ*P&QT53[T"1;D.(>EG=HXKT@][;Z(DA1RJ$I MA6(22LY5=ZKMU6=5#8.C`.*!V:/L^,Z7@F#B\49W=BIQ:8I\6^HU"=5#2JJ* M$A'9&/W>0&LWVXHL%%EDR*+3UEJ#?H5MB;*%Y77V?.1X&6(;35M!2FWUM&$G MWU>R,C!4Z,JBJZMU5Y8K[^B0+OXD3^]$`L>*&1I14D?4_I5:]%Y1T=0+QZ1/ ME]_QUB4O:/Z:='?MJNZN*V17Y(/PI8Z_MW2+F_O?+F_9Y;^^7%[?7;*3J^OW M-Y\O"PY&ZYMO(3Y2#,0*0%@8Q40C&EK+:\K4TP*O9YQBY>%C@L:"#.ND+&19 MY+8V4+?*M*8[?'1/([HC>+XFUNJ26]'J]3?0LN*M]35Z9Q.-WMGV8+?3W"R< M0^]M93,/5X]`WD\\SMEGF&3BLTN\H+8S%V)[G)<'CA+3:0Y)7/N(X.^5'.,4 M@0I38<4D3RM''+U.BC9`6A<1!GZ=4,4^CEHZY7LM:Q#62QDG1.ZC;(*$6;?<>;0\UY%YN:(4K;_(A#^4],E--6_K MK!3):"Y7+;N0"6)=&X6!N_/R8*4]=MN'W&-3&[:7!F]6D7NKX7(EL;<7NCD^ M*BEU1ST-E.'K$:^?\!ZG2]?59JYO13%CB-JXQ-7#(0'=[D;^:H%%17M54%9]3WZB@%LG\JLV=`ZC56567$*$/Y= MH_HGQ=U@5XC3QADOS9^PV7-VO&1:)$GV478_CFZ$GBOA@-2]#=T2Q MK+BO=E)2@BHP^7&;=&QS:(B&IP@MD]O8^HD*48A"9V?L\H7E>CQ;'@R! M0H7D:>6%EF5(!C]7=RL7DHA!C(@1\)F0"B/G_ M\I*;6^%^>,D[*BJ4*+8H*LJ.K>]4CY=VF:H;%\IBU*($HT.51./"HA95DAY% M;>2R96]>!R'K&T:(YM0)6T&=1-7Y"HG,=I]!@J;;SY$\ MEU5EJ2;SYNHH*A6X1"&=L1V)\')KBJTHPA'LB)V(?XY4>J^5IQK%"4XLRN_^ M426JEI&HNB)4#YRI6A+:*I/P^M(Q1:.W2<2.WJIDVEE1):/&9@E3_<:.?=E= M);SN'.TVM7C M/>[H9-CK5<@VV0=%U!W_6V&[VU^*[>,2@M<\B/UT:G`B^T:L7[FR/A2_3F&$ M3:;J57U71P#`X^)")OI9.8\8<\:J]G%,5G%A+6R$IM9OMQ2N*JC/.P6=6XY6 MCGQT/5BZ(QMK&,]QZS-Q*LM.J/?7$1NSAR;44H5*3VLTE%"IHE`Y:3::K\A) M$,=YQQX:.30]EANT:&G-QD!)^FI*#VW87'[KYACEAPPS*)*<+ZVQPVM-^Q0Y M('':^:34RH#\]6%W*W^VTUF*R^UNC55:0+V8!585,FN64I]G]?L@QW'45+'[ M,_MU*/O#RDOH6M&SHMX=&LG-QO)SUU=QV0OS])V%AW0+SPW06\?<7M'P&`?` M$&"F#3W=BIA@]]SHCD22)9Y,,.9'EAA>".5-`Z=;Y2Y;4?KU>'[VP-,=7_2Y M9S0SX5FNA=)5HKL[^"%TXH^(:/&"H)/Y@=T9C4D-KUWO2?=,JD[NP5R^:#(M M:8!-]()U+7N=N6'@!_`3$6)0;D+Y"QT[M[M=Y)1\!:HPC6J;`<\8N[#MZ(I2 M&LX)]!%?4ST(/2MX9B:USH;G;;S:%`"3L^")VX^<346^,>Z94N=#!V0$X)B( M?<+-!WB/[E@)R4#7(5.MT4><.G-SPWUPB.#@9ZY[#GR[\.;D!^Y9CR!U'B7M M_@:SX"B%3Z^XBST9B[,-'=OD5WJ0'D62(='RP22IP40+TH=[Z87#@SB M9M9MZ$+"/^&%NBG>?O,LW?Z).2Z#>1]L?"+@#RZL!&]/T^;X=[PX#4O]H7G6 M8`!1&T989#+\_&ZC?AKSS3C$>_?Z]V6]-SJ]4GIO5-1:I(^5:-Z1KW]7ZOBI MYAVBGP:[O_C7Y5U*,&SSU[$+*K3I^'C,#5*H@?Z=T;579/!.]ZS%9MS#%'"Z M/$KWZ"S/#_":K@>\CTR.S*$!'X%\\80\:O7.^JN\UQB")L#YHVO!D9]1L)ZE MTV=GAW%I^2;8(U(Z6O!S@Y?AP8U$<.+ZM8(Y@R>X_OJ+EA"/+`\3M80 M7K\V/$L(:],+T1)\Y)X.OIP))B`Z>(MQ*:Y!PPBA'0@C2F@YR\"L%\-/AT!`(4]UQAJ:8U+AO\BWD/C)S<$&!BQ5KXAOXM/^460[OR/A$BJ8=T.99 M9P;]!IA)#),N]+2??EC:M&=L-1Z.*E2@ MB!O$A![II1FH$@=P:K.9_DQ(INI!\63%*WI=>*-8)/"3'XY\R[1T#W$RMFR> M16$0>HX?R:3?S^[.V%@JGS3-:S3<(PSBAKYD,1EW*N`/)OTO"G4`&3@NDLF( MV^Z3P/05X@=+2=T*/XS=<>_1`F%X!/`P*S0$)ZE'-DCE'[:TOMEX`F8CD8(9>-%4_ MF2J"W-C%4A]S%M<`(/'1XK;YY'K?4/[BG@QK%@FS$4]M3M1[@6_GN`.-F`N4 MT/!^`#0QSRL^5A>A:BP$(1V)?CZ@(H0QUAY*JG@1GY#=)HTDA)>5EI`"7B3J MDPAH1AKC:W>`Z2>@Q'\BC^H@K:.E74:U8NX"]`._A&"4H?0GHT9_I"#5%]"! MJ>DG)#.`CH1<"8!MGD51,:SW`@1"YAE8DNAL@PT9EZEA60<=9DDO&6;XD.@L MF(@JK^2((?V*AK-C31N0(I+R/G"P>H-(VGS21P)=6.`(F'1^`$1]5`1CT>MO M<;<6R;'4FC^A^83*!3VWX%O/#1\FTIVX#X6=*,R3<'$4`T8KR(E=$6E&^AO8D2_Y)B]'C98%?N:#1)W?@P11$B`9MU9UUA0!//@E]5P&>Z\M[)H,\7RYO&?SQ^>::W?UV<7NY)A]6 MIA[/2[E0G>$FN5#T5D&&10XQ!'S6CV+S^(P?QCM_E_Y[<2["LGHHP_DVU2M6 M-QFV=I`Z4(7NDL>!T'T4N-DK">RAH^/6F"\[AZ:HS!*=U\P"#.`R']4BGA;K M*Z0VE$MX^?HK@V$9"4XET^A@.7+J4#QGU?:JJZ3L'1GZZE0^IPYJY8#)H_WN M1F1/KU7Y+L%1@/#`E%^R6OU%]RUC3_KR17)8K:M%.?2P"MSKQU#[A.!*HVVLCIV<_7UR$BOY%Z]?:W55V9-=92R,FN4 M6;,'LX;.XM)Q#V7G*#MGQW9.XZQ=H;8<5:5$17=E`P'H;FE-4V7A*`M'63BU M/R/]8-EA4)!EIUA*L91BJ6,]):T)O>P^B%BC\\L:XZR")XNU%"K7KG/Z**Z= MX1U6SS("NN^,5V4>/-T)\FUHE%0Y@%3I=]M:LU?YLXD:XZMDB:(UNQVMU>J\ M,GDBKM^*8H&BU(&H,H57[&E=7%X4/L$V M_,5.9'N;LL\1RJU_7W9>7+FKVZ_#H77;':W3K+QQH*ABCP;(L#70ALTJ9Q3L M+T:B@WR<8O4!$T.38)DG2AM-K16IZ\U^TOM]@H)4T5%U1.] MS>9`:[2&6K^OCCN5`_9ZHRRO,J&K"J:%RM^JFH(IU4Q1:>HJ@^LPIHW*4J]6 M3/0X;9JC"RK7W*11.>K*QMFWC:-RU)6%HW+4E7VC[)LJ`%"5KZLATA35ET?U MM6\RW)@K`=_N1=N/\CV6VO.K32"=AY5RP.9S5OAWV;2XU,4TSDKI4)=L+FH. M4U8KSGCDSEDIG3CS*Y7PC?H=E#I)0+6U96-97EA;>ZL]E#I:^9U9DX663@YE M=6:-!]2HHX?HO6<_:ZD6>I9'K6).17+$8]2C[_B[7U`Q3T*=*:ZL)?V,DPK9 M^']#MXTP:C]5V.@XZC?!OL"+U'&BH,IMS9U"].G&O5/ M`=X=N,D,]TRL2](]C@R64 MTC[,@)T*=89=9$03(6I6Q@UJ,BU:'@5/[BGUZV)3'DQ<:J&&'89">K8`E-03 M[L_0\D3?<^KP!;]:+FQ&=FY#"(]%-QQL44@=CT:$)GA^&99D(SG1D@B^B/K7 M@J8Q+:!GZI@GNF%/7#^#TC#&2H`=XT+O68)%;`OPQJX$%L.DZ6YN\Z;+J?>4 M7'D%%JXM_HE:'?D!:`AL"P7;,N=Z5V)OI-1,HU4XI4P-T\IHF%)'S*@KU?N[ MQ"4*>@2A/9%DAGVI?N&&CGR3E7HKR"O@*,E/4C:`.$IW*)JY7MQ/BYI)IFY" MRF&UU;E6]-Z,N2]N*QNUSUQ%4PA63N1L,>MA&S31P(BXKGI:=G?#)+V<%O9G MFF_D=,7[5Z2N53%S88O[E*3ZG=;N3V\LO- M[?W%+Y\NV=WEKY\OK[&!U<>;V\\7]UP?L`: MF(J&A[)II:]/L??XLS!U8!+]@(9KM%EGQ M4MBP1,CX>3-^3;Q6IAG92U':9F.3*&VSL8.S&1&7*NI@E`]5O1"%;&\2A6QO M$H7L]3:8JM?;*+:ZOUWM$X";1(Q[FP6GCQ.`S4T`V*SXKO8X57\3"NPK"DPH M<+XAY$H4V'IQJNW.'[?6;*MT16MV M%D,A*^;K-E^Z]U5H<;5,X/;2#54L)ST7#%EICZEHR`'V..@VM&%S:?;O+K"Y MC2=WC)2ST0WGWD%O;+2&+:W967HO3E'.[BEG/ORU&N4T#[G'3JNI-8:*<@Y\ MDV4CF?."/[+C/3:U=DOIJ@-+G/EPYVH2IW58NNGVNEIGL,4MI[I9[%?HN40G MT^`_.OX8/F_$.UMYRJ$>&![>-#4FKWJ6S65 MI9+FGJCDH+9OJZ6UNEU%)%L=5N]^=8L'J7=*D0?5NMU^ M6VLWU^Y?I2CRP,'OG5+D80/E':#([MI5N15%'CBHODMX'-PS:6G-1JLVGHFB MR:POM!LIJ8+[F^??'I)5MLY8J>B^]@K#;7,W*KJOO<)PVRR&BNYKGW-M?9Y? MT7WME0ZW/=M^'4'`Z,KPS'/'5E!0S4$E2=0P%;33U_HU.)HZCU%.!6(A=4KOM5J:XWU>[K4B7"4_?8ZF*^..9&-P6Y;M5?-:J6,2.[C1:89 M=_RM;].IN$REYU)Q&167>9QT(Y]4>?ZY9GW9?^Z1E MT93_5\DY=>BJY-PK#LYV!EJ_UZN^;W#IOL-C(61&$JL?&8G6_=O'O:NYKGU0XK_96I,+*Y^:K/AOK M]-DH:-^Y*BH[`]5GH]Y]-LJ3+LN0H;IL5`01JL=&I?"A.FQ4!!&JO\;AK;:2 MCQ>KV5_C^,X0RRUA-AQHG4;U"T8=%57LXH"PY#K``ZW9K7YANZ.BBEVY(HD73U5SI4'1QJVL&A`I&P*D>WNCVM.ZC^@ M5.>#>N!)=3ZH!9Z.,M>]-="&PT[UC:NJ$D5%^ASLG2B.RX"K>%<#=22X=$?J M2%`=">[H2%!U(Z@^*:J#2"6>ZA?5[#2UYO#U-1%09ZO+145#&PR75BBH3O5O0<8/7!GYZP!JH_)+T003'SW-AYAMNS]9BO_/KP>OYW6QOCW MZ5B?6O;S^;PRIM]\Z[_\O(FSRP$1%>>Q;ON_;"X;W'(,.S1AG+R=L>&\-$]' M:S3SZ5/;C$@'C>4NLJVU6WD[9*M%NF-$Y+?3<,9<9T'9"N9Q(-W_B9!1/.\J7UF1EZEO-`OY:Z_+'E^4&Y`/DSU#W8%6ZOU(%; MC68^&K8U?96\Q((&%ML,J"&MS+B!!_#V\UG>@EXJ9M814PL=@`O/TNV7HLWL M733.R'M7,\G96B0YKQSB-X_/7(_4`XL8>VPYNF,`7(#?QZXWU0/+=;1Y0?L$ MS!ZL7-J&P<\^+%&?O@PBX"RU@TQ!/W.-,-PPT=++,. M2V-Z0)O09["H[Q:LE+-Q:-O/3!_YKC>"IP`\_,Q#01:Q0B',3*SQ@EF#H$&@+4 M&BM^U.T0@&6XTYGN$>0#-UI+Z.CCL65;5$A>K`"$#4'WC-W#5N?25J(Y8[5' MX%B0V@(R"W]^CQ,[SV]Q"1Y@'Z$VX;HI19O/?"O@9^S"]MUH7$0KO;M@>B0& M:R[E5DN^$73Q"']&BX5M:!CQ`&NXZ\/8)T4+0,H M(L:`L/4'3C^&CH5\`*1E^21287@+=X$$AX.Z3P[`9V+-M/1K""V;ZS[N$DC# M<1V`*"#$1A:'=1+4)]PVX3/PE@>2AD8,?1[I2T35QKC^8S=D2PA8H7]1!``005;X\1(L6$1+=_CC]P)N3`Z#!0UV8F! MP>%'+[W=%&4Y+K-=YX'3ULRYO2%B+)!5`@;/;!3""#`#KO17H%Y!F$"M2&UC MSYW2R\BQ.(N$Y'-"@7J&+A*)B$(*5@BSF1P6C50@H0F/D!AV#!ZQ<#&5K*M! M"[15K&VR7L7&PY2LM/*M)@CZ?E8U`9!T&^1ZNBE'Q(!^./(MTP)JYE(^EV*# MMV(C:=`\RY>"V&9$!D_:J'E*M75GW MK;*M^U9B.N^`&IK#LWP%NHJ2;N.L%$]74>Z+E%N.TQ,8^@:X]M0&^&##P M>1`9IF!69*0S>1>\?)G7.LNG&%24RENM]LX66U`Y89N!TXTN2Q9VI84R"A=; M,GW/!342KS8Q_>=<0N&&3W5A\3DY$T>;LV\BBW..B\[8M`T,#<,@*\X3?4[>`OPTAUZ$3XY%FF#E'PJM"G1!TL;4$7KLC(I>)1[ MIZ&9G7DQO]"C-U,OOZ,CF390Z2\`J7`H3.O1,D,,/40>/EFB7`>BI$`).',. M:S;0],?S`!20&9C&XQ7&"_PHH(I6,`QAN2;Z+])[VC'X?WX7^JN47Z5R![S6R1'2EX"UP&?_R MYNK#UV&W^P;A@J!>WJ50 MA,].XI]_)`WU0[=]-D@L9/X]"O;@F#/7#TZ11>D+\S^AB/)AP.RW)`@C(EQ? M+-UQ/5=C5V#:@76=+,/"^)8-SXOHL%R(Y3CNHR[C(KB1_[@@'SRTRT,/]%B( M\560KX8.X@(M23RLXG&PCK;K6Q2W?8+5`ZP][CS`0&*TPGZV;WWVX+E/N(X' M\?L,5")&8`@6H(/-T*`H.;T$4UU02%=/IAEQBN[:/$@">SX'265&=KKPWY+M M1Z_-AP/3L=IT-",.T5,PD.#-]#$Z`/@6/D11D&3_9RAGCYX)/B0'B>1CI=TB MM/06<,.%#;8+NYN=L?^Z9^X9.Z$O?CPK(&#WOP!Y#?YK`P(U^6:&>!.:%?&_ M0++ED^N:!EAC"76+T)7W"-NY>@FW3);;#O-#3`,F"!HG62I&]B*XN?(`<$$1WL/M.7!7)%T1@/BH_*0("%Y=V1;#U$0/5>G.`X7* M#VJ:5M0`*60QA/?8M6TA(<'^!,0AN(&B3BE,#4[\E"+ETN)<*+I2IXN8.6"- M)=E,=!-$(8CHF#_U^.QJQ&%%C@SAD[TL[-N4>2M((EG."K.;+IT"!$">>'@@ MCCH\/K:!=27K!&BN"]KRQ5G+DQO:)BP66-LUC-##A>+2YUDMT+_!7H#+,'SO M,#!/0X0.Z.=J!VJ8D&#CD+1LM'7X)N7(2JP89*[3`2M*5@S>A(Z)8C!)' M<]&+1->"Z5,J4/"P70$W2M&Q]YO/SZ(^?4O.T,E?@"A*`^]D$8"/JGM[- M=4]O]3=)FA5O;94-34D;*UUN.;F?N*$/Z";J,!$>X)#BJ=PL0&9E_@25(+"C MOG8B_7RNW$II>2]GRAUVJOXF4_6W+?K:7YYTWMXD-;:]66IL9[@)K.FM*N%U M"=LV!_,I_*ME>8KW=LJXZ+YK?T];6G`%EC6U;J^K M=0;Y=+(#"KI]$$OM2:-\0N@VM&%GBW981R=#19K$\0K1;8(=M9!N[9;6:RR] MX5]WT79H%):-L)XV&"PM)*2 M'U@H)GG6+[@`U2_E`M1N,O2K7/EY[=&=[0E<55 M[MYC12E;W$&?NX:3))#C&%@S)_6-N,U.MW,M?107M,&5/(26215H8U8$3V^1AW056CV#39!5WP63#C59#DM//O,_P= M!\+*/53ZIF@\N=#H'B@H"*LF-!Y'^ M'=]M6$@=Q?NGFP.8_RQ!:.(]_!1D\2H$7ED)/8+32/>",&(]XX"B_5V[C=-1(%$Q7'T`6'.&NTO5?=D\Y+ASS9U!0.T5 M:LUI)N51Z7F#>TVHKA@E*X?MRYRLYDB\$!4)/HMB&>C!*4S6$Y-I$7ZS2==R MA![,J$3R"];78AXH4* MDS7%Y$TLO=F5,PN#M>_,*4Q6`Y,O8Z]D%;S^Q?LJ*.&]4LP>+AGOE<8VN1'^ M>N3#L6'[Y!-_Y#9KKEWN2*&\YBAO*92_-I2WEZ+\P)'T\J`@PHCDL^13#FH? M%S@H6^9.X5:LDE+..5QM!8["6?W!J'!6/S`>";(@+W=\69[; MUAV1F+B-RF8GTI.IG]I>Z:)!:J[=6(VI>P;K7IW(T?]*.TJ1?\ETUNQKW=;2 M/5P-`A:OZ`%#AJCX`/`)<'5>2RJ>D^.EKO"A4 M/_)[-0!4N*H/`!6NZ@/`(\#5<:G@)9>!HM+DS]NH9G;2KFNZZ)&5.KLX7-VJJ\3 M*P8PI7(5JRA64:Q2V:EJF!!8,0@J9%78/E69*16GCU<#0(6K^@!0X:H^`#P" M7*UU+&9$!8";_5P%X-ZPL\$*Q5L[L;Q/FC]2FU_SA;IYV&S=M_S`CWI%6\XC M]P-JQSP.L1GL5+><`/X/8V!C9.K3&P:AQ]E,?Q8-D^$Y[LTU#N;?N1%2]99E M6OQX$;`8\!I[FEC&A%D^S.6%1B"Z)OO8)UD?C2P&7_K!&2/\)>CP19=EZG`F MFA5C4V49H3,,-W0"B:($'1_X*,".S:\3!9=_AE;PS.X2.,UW19=`MD4Y^QRP M*>`9-:C^4S1S%0A@,]'3=1K:@87MSTTV>J91G7`Z`NC#'/X$QO#E%*\3`P*P MK46`'>D^_!O8XI$[)A`N_&_DN=\`?%/7Y'8$.\/U`]$X?*&0@I]^:/:T]J!_ M5AJDE4_TZNR!5P-`A:OZ`%#AJCX`/`)PW[WGR,2I MB6%8/K5X[I/X<.'/7)^?O>`2XJI=E](X"MO$GTWK$OW]^%_JG#[H^._\( MBOL/U,(?+-^P73\$K7X/*_K%=HUO?_W?_\&TS)_]R=/YM>O<>[K)S:M40,TR M__+FZL/7X;#U!J/YN)5;/@8CY_;F\]>_Z4ZC^17;LWZ]O_GZ6??:XM.;O^)2 M9A(:;T'5/\#N`G=VW@";A\G/(K4(OWI;9$91V&JL3RW[^7S>BDI"6LW63+QV M^B00-')M\RG][\>'R`[NZ_N/R[O[SY?7]7=XDBX.$Z^(V2\<;#[/YO@LIXCZQG-E$]V7D M%XQ3RR'C]?>SNS.FC\$O,^E09.(*IPN-VXGE!RX8KV`G.^ZCL*,]KML,1M"# MZ"Q%>F\^^(4N;(_8*Q.PGNA@E8\X=X#3L+G]V!+'-8^Z9]&<%C9S@,<9_HKG M###B;^X3?^2>!B\:>@B#IUP`9KH`!\<-Q-!DJ,/C'@M<9EH>-P+ZSM2?`=JG M\!_FSKA'ZR^(@/NQ(>]9_C?\'20(1<1M:VHAJ&!8_%F?HN&/#Z"4\*Q1B#\: M^LP*=%O++-`2RZ.S09"#7(P/CL`4/=<1=_@8W`KX&W9ZY9!/`?!W#,Z>K&`B MAW(HJU&`??[@1-1HI8!8H!PZBBA``0`,P`O.UG_1 M@WJ4(P+6+%S71!<8#?3OS`!H6G*_@&KWP<%WHI..:,$)KN9FTN"#88>"1MD- M_.K)"M<:>P*B_&'8.VLP8#<;P0[S@L@W)JS=U!B*_9P+B>>%,#8@EDX/Q<&N MI(F$3HCR)!FEMTTS]@=GPR4S[E9$_?QND5Z,]*;)K?,/KA'BEU\((9>.^0'Y M7RK.?K^YEN+$?Y\VVJ?MYL_O%@Z>GOT"?C7QB8^V_I#,NIZZ'NNVS\6$F?'2 M$UVB_'F^Y0\@^#SP^:_U:6J7G;7FN_OM\O:?5]?LGU>?/EU=?+YC[V_.Q/1% ML^17\1[6Y^GV%;#7][_SYV09W;6609;78#AH--*3SPU>,#O%YV"&&3*E\W`' M`C_TDT7TUEK$O[F?F;UP\/PB_G!M8&*0DA\MFWNIV?MKS7[MIB>?&S0]JUS7 M1S`B=?O?7/=RA#Y8:^+3TV8KIO)%@^>W30M[#S\]N%X*[\.UYOX$$@`TA6%P M&U4?R"8:-@V)S#SY9?R3V_;?'??)N>.Z[SH@&WP_Q&B;7-"@L0T-+!B]@!+= MZ=1U[@*PY.\H(>`F#,#\<$P4\_%:0`*9W``I;/OPS?7'[-(N[K[>?$ROAH6@ MC^@G,>:;OS8;PWZ[VVSV,X2Z9.[\2K^$(]LR/MHNR/!X8:WTPD[;1>OZ6^BT M&["NQC"UKM_O/KSY:Z_5;G:;@]80F3B]L-1416+Z_GF6$.V@O1:>0#;_(RN7 M<;2B600I"ZG]$;Y+>5+K*81_S"F"W,"+9T=&FIM[/3&-_RZ:/1X8YO[YW?>1 M9UOG^&_X^/\!4$L#!!0````(`&=VG#P_C6G%3P@``-ZX```4`!P`6TJQ&]"-+7DEF8_[ZZ]E M3&*83#ZF)HO$]E."P')+^KG5W9+:'W]=ILG1')3F4GPZ;IR<'A^!B&3,Q?33 M\GC?I_^KU1-(.4 MU;C0AHD(CM=7;5VQO%/)YIKS^J;ZXTW]MN"Q.S0N+R_KQ;?W/\6*^!-5WPOQ M^:.2"0QA(DDFG=?ER1%(09C9OCH!\,QJ.PTPH'H[#7 M;6-)NSMHA?W@9M"\:7?Q(\IB1?I@5AE\.M8\S1+8E,T43+!LMJB=G390H//& MR5+'_\2"VZ`W[+9O7W^S^H\TI5KC5;/7'+2"T6]!,![]Y%:\Y#X_VH!V,!@% M[>_U4ZLY^JW3"W]_@Q:]_L;8Q(@E49XP@\]@#^^X)0LL#8@8XHTTMJD_D4=\ M8&6T=4/\S(Q4VZTO[V?84@J9[P--6V:,R* MO"[`?[\9FVT%4_ZBKO,T+6JK<1RLS?43)=.R#\H[R(T,4L6@2NV\`#Z=F?(# M"E??@8=HVC--+:E-."F9R+V>\_1JK1G&^2!DO>)*X3N0[(M); M(G]JB^_%;L.=\42=7A"\!&]V.\`:UHT3T[71_$L$"\ MGTE.X`U6R)@S9)4B=6P(=`:%STYZZZ_)U:/1G=^E^MH5UTI&H&U09\@6?>P, MQ5GB/"=GQ$F5DZ;68'0K5PHE=$0!M9B>(57VCS6BYBRQAE/3M)A2*[3*_LT2 M]Y?"21\YSUDSBF2.9`TA`J3L+@%4EH^+Z!Q>I,:/XHJW=$E^MT%9L&GA+,.:@N"*KJ`*(WEH$RJ^N$"1N,M)9S9J4M M-N,Y0EF/N1^S)\/=/ZZN@ M5L\)Z!QM9.G[1UM+"FU4'MG1*.*N4P7:#^5&IO_+<'-G^>=53X1SO)'UYAMO MS2C*4SL6$+(R.CKS.98-_H]1$+1_!JR325HA"/-B@25S\QA%=N_/$'+7(8_4#K M1@!3`N)@%%Z/9DRYG[-NCXE""*W7[R>+8VZ'@"4MEG'#_,KZ070Y2]<0#.-6 M<:'Z*K;]5->0)CQR_QPD.8U^D#96P'2N5OX87^]IBO0#K8K2*F9+="`S!3,0 MFL_AX;SY`&P.+;9TG;O]Y;IP$KM*H*DI8FZ19466OKNP57*N^`,4F>KN`O6*TY[.<;77;:ZO M?LWJ7G)0VX28.,0V]7U\M;K1$'=%N'G!0S,R?%ZX_8[`^%32;.?HVZO?2/2] MA2'W<)3<=?CVZG`2?&]@%%3R%82379_5=1SWZI\2CG^=U^H16_ZKNN+8P!5# M*>WV-1#:BQEWKTXL8?A&H11T-^QN76C#^F^1*FW.-0Y?1ZHAK'.HY0H;X#J@ MY`T?&*"!F',EA>UAE@RQI^.U;^+)&QGWNKF7>'S*)MQ9LK#;QZ6P$<`B0;S4 MIJ40-N?C?[\080X0]K:[E4I&/=%YET3D81'9C/^;EV_AM.MM*'L7^UN/Y1`B M_,R+]_\\Q*S'\H7-*TAWG>;&*>%\6#A_Z^[O&UK++GWY6D:!\@R5H MMBH4+#K<6RY/95NR\U3N-U,O4?D6[P?1Z"-I'2QYX1*YSR`MPAP8@H_,UM9L MW)VR/=BITWA'^O&'X+0OA-1.PKF9M<>R&?V1H[?N;99]LB@/GLW-9`[KU!C% MVZ+7WSC_;CFR+`^.3B4C@%AW<.Q'+(%P@B6Q?573G+;[$))[=L&K=)9+Y,]) M[1R?9&W^&*`=+IB(G`2T0N40LA+7<%+-I8`V9^D1C2#*E1>DTB;R0P/U'LU0 MQ2BE6K6Y%5W$SK-(EN;!P5BU-&V*DC"SHZ:#):B(:_>='S(T#XS(8!FA&SYF MRW)?1T'FH_N!GV^#<[323O4#H[7B%J'1F:MHAI2&$S^27E[0='YH.%:F\PJ: MA9?NH;JD#>L'S&?52;]_.Z[UTOML?9RB*\8H`/2E,#,=JAZX?^+[A3O:Z_;J M.YPI/O_];_\'4$L#!!0````(`&=VG#QP:;=^GRD``%HM`@`4`!P`_BDZ?4W6ZJ^(D@*]]>F;+B9U>UR9VRG9F9E]UR2#;U&#P")S+?OHC MB8NQ!3:H(2+LONH.NO!(_"W$[Y$>??O;Z\8"SPB[IF/_\DFYO/X$D*T[AFFO M?OGT-+]K=#_][==O_]5H@._(1AAZR``W;^#6@MCTWL#=;`J>VY>M2^52:ZF- MQJ_?+-/^KW?%4J.LI"+S1-61 M$;]^PXZ%IF@)Z+]/TU%4B!78N5<[M[&"<'M%TZ\LN$#6E8U6M'/(S>@]OWIO M6_3+)]?<;"T47EMCM$R^OX6Q7U=02X,8U&U<:PU-N7QUC?^.*K\B'4QO=T_J M.[@3>O60;>SO3VL[T5;?<-HYI$)'/ZB*_`T]!Q]:[:Y?B%$**1N81"[\&#CZ M;H-LKV\;0]LC>AC92P=OH$?$%!9GYA+[+$1S*OLF'-P3(]?981T=E6+_*+G: M1$NP)T[JH!I&=N-I]@F81E#;CW.&__!+_!KF`203\'.!6+9O_JV"QO3Q81]" MK(=6D_^>,3S(<:4[1'U;KQ&V@15?8F<3[[[@+LZ^`L0506A(7!Y\/B7Z0H3.44IOX[*$P34)A6_+A4A+@FB>(Z M+`W"XE(TIG$:TZJLL1OHFNYD^4BT0(QG@_]I,34%Q-0L:;@Z87PHG9O^;#0# MDSOP.!W.AN-Y?SZ:C*4(H\D)HUDK8;0$A-$J?I3)H@F:A0XE\4QR1XT6)XY6 ME<4Q?#6]"1Z8[M9QH=77/?.9C,3()5=TRW%W&)W62EM`*^V2!I'L;0GU,_QC M-`>3*1B,9H^36?\>]&_GH]]&\]%P)D4\;4X\[3J+IR,@GD[Q`XV`;D@),,$@ M+`/VA<"^E-R!J,-IJ5-E+=V3WENQ\3NK>KH"ZNF6-/2>L6/)IFD$.6IS'#1X^31J[(\1K;N;-`JB00 MWTHCWRG:.MB#"PO-T(JV((;,,PM%A/?,4A6>[2J7A;B%:$B&[2@EH5U!&42D0%(O[H*KS^N*1KE)I MIAL1\I%-NHWY^;*_QT3XKE(6X,W6DE!/=Z-Q?WP[ZM^3T6@VGS[1@4G2FXV' MO4JE:>]/24:$_"HEH-^<:HG\2+'LU1ET>"*L5!H)_^[@/T?V(W9TY+I]VYC" MEP=(?LFD@]T4W8A08"47!LZFFU.FAVJA>8!I@ZV?"T#;`!B^@$V848Y*>/2K M5)K]"JA$!/P7@QMF1Z0UTZ?((;XW` M`EIT.19PUPAYP"`%:[A]JC(/?@/.,\!I!@Q1SO<`& M_W88_;4S2U4A:JY->E?-[YO&[4FG^/C"?38/< MUIV3VR](N3]3?L4BV%TIB[OS5H<_V/%D/@0::(#!Z+?18#@>2)H_\MA=J31W MSZP#$=RNY.+M8J-YNB2B%#):FF2(LNEPL2'_N![))4<>/'97*LW=L\I#%8'M M:@FP/8L-3F5E(BT MY>B'Q]=JI?'US^E'A&2K)9#L(O02=X%(GMOR=%NM--V>4+)Y[]BK.<*;>Q,N M3(NM[CVS`5"$<*NY"'>.E]>Y-H3:F70B@EZU$M!K!EWX MJ6"?+$<-/'_5*LU?9\@B659^P!NK;VRH4YV\A3WS&0U?M\AV4=\-.G6,O!G] MG:6(1030:J6%KA!H5^7>01H/<+5*`]P"U204I:*,,!4_(:2@;!!.R@*'I4%0 M'/3=<-@"I`8PDZ>WA&@5E:;$!>I-!!EKN9"QV)2H`/U=A`+TUTBEJ#`VHY*L M0AXV:Y6&S:/-%IK8#V4SQ]!`&XC_I&L`OSN.\6):5HKD1#"SE@LSY]DC=JX1 MT3ZQ*"-;O!AE9=I:!9GE"(>GS%JE*;.H<$3XLE8"7Q;1S&0)]EE9O+GO4C7# M0V6MTE!95#,B5%E[AW73F34T7Z-PW309=\R]HBSZ^8>1[JQL\U_[1=%;A$W' M(`GNSO+H+(P^=Y;R@DT/-0SGQ0Z77^M'"[,/!S:ZUIC<##Q#:X?\=R@M='Q? MPU]^';NWMX9>8(";=OMPQ`1P209CMO881O70D)HF,F*W9\NNV48YFF=GDT_> MJ(87TUNG-H>:$N:\C/\$8>PGR!9[0]?UEYR3$A:"KD>RV#NVG'KIX%C/7P(` MIFB),*)+UY6O`#0>=PN++LK&X*X_NR$7QG"#0$HTP+ZN4_.HH22';4!L@,^D MW!=:;K=9D%J4IDIKA1BN,-RN0;--_ISM%MOHRB)N@_HN-K2.;=`_JU_B9FCO M8H86OV7S76[9X7I?SJ#-.W>T2CMW!FAIVLBX(=-PAK!L&H+XD8R.+IEJWSJN M=XN18:;%:Q3Q\6BE+9;/UI1H?:R?'2S\_&#K%P!;6H+A%;HU1(Z*>(^/5FF/ MS\^I2,0'I+W'4OM\@CJS1R.$[?$.GQ0/\VJL\9?T.F('80W905HFD-&>W_=H3\I M.:C>(',%,G$A63U?`"ZK;H<]:%KR5@)IO%M-J[1;[:=^=$T11UNSC`T,8J-V MD!\$!0`KP?`0+0/\0G+"I_)NMV95W&Y!31Y\=6QG8R+W\CB6/JFW=V4[MO^7 M@4P:!+_7N%;"(/CD4A2X?4[NE"(O$?]E&.1GAG7+,JSKB" M-?+(WFU#VQB0N7Z*6$3\<\U<_KE\8CFPF5.-GPI(,J#I<@3$^]^:5?&_%22@ M/FFG0=MZ9\%5BG!$7''-@EUQG*VA8**+@%Z5(Q/>;=:LBMNL:)D,D*MC)Q](J"I6])83+KV95O%_%"FB'Z9DPT]!S0IGX+F4I2%/$ M5=8L.*3\.=./Y>1G`E$NX&>3HRH>SS>K@N<+5=5OCK6S/8C?[DP+X30YB>#[ M9L%;-%)M/M)1E`K\9#GZX<%\LRI@OB#]!+_7.]/5H?5/!/'I3W<1=M\L."S] M*;.C`&?!,.1G`#2'Y"]X'C#P+&\P,\,8KGE"(W'UZV:X6N_]]FZ)_W.3\6QR/QJ0:P/@'SLF1U4\ MIVY],$Z=155TJ=YD&?R@4[0DPJA;!3/J1'LCLLC6PRZ#(PMT/!INSJ.4HEH%M)(8S2!&2"'EN%TR>\S6$"\,0G$O#-FO` MPR@,R"\B9WK=YHET^X,1Z2SR8[$'@V=V6FLB&+I=,(8^8?5A,,5058&$0(-N MJY.C(QXXMS\8<,[VF>;O^B*_^P%:>*>E)$*>VP63Y].&[P\+#S:S!4*2(R&> M/[>KPI\+E=`SZ6G:8/_+.?YD@A-E4O0D`JW;!2^OSM$*3ESTW4>W_9I16?)? M6EB.W'AJW:X*M:Z$W$10=SL9=1];OQ?;E8U6T&,]F22Z(+5.LN-Y=[N&O'M, M:M@B.L.U5_ZC.OVN%`'@[60`7IC84MMP.`D+)U^??55]D3D+XV%YNX:P/*^X M1'!YNR1<_@%%Q;/R=@U9N?\P[AW7O2.MOW5H?)P=>4@3_VDYMGN#E@Y&?KXY M?$7N@VD[F/E>H[?082W#OW8D^0%Y:\?8O[I2G(!M$1+?+HG$OV-O[%_8-#-8 ML'J#5S3P:,UR9,_S_G8->;]\V8OX$]KY3BC(AXG_H_TV[\)HU]"%$3W`X!4< MQ#Q)UFE'Q)W1*7@-_1G+C^0D3T`=WJO1J:%78XR\_<\\138BSHM.2`]$IX8>B"Q2$?$]=/(=HY#O35A)O?">ADX-/0T'7=]_AB9ID87F M3FQCPMJQ#(3=&^B:^ND%8QT15T2G)%>$8,MX^=&P?C1"']U]X=)]%U_E")+W M6W1JZ+?X'9FKM8>,_C.9!:^0'R=VLN1VQ["'EB)#$0]&IR0/1J[V1-%C_,R^ MW%S@[+.!!EC0G'(DR/LR.C7T9:0\LH%I[&;HSCW@]^]2FZ$7%B=$IR8J18'FTXDCGB\-Z*3E6\%J&].?(3S;<&6:Z*D1\!IVR`L1G;$KFK2'@\].X_S08 MD2M?Y(B)]P%TJN(#*$%,(B2^4_#*?A$=1=GI$4/Q`B``H5$1.2KB:7JGAC3] M%KKKOFW0?X;[R6C?NPV.I/F-'F*3K+RN"%OOEL36,[4CVIQ$Z< M>T-03KR;+L_VNS5D^S^C1Q'FW\W%_+=AL/7S:B292M`B>8S^@2WT%G)TR/L, MNC7T&?39>3)!)+[3'H&NB$>@6Y)'(-'NX\""_F$Y* M=$1^P`L+T2-B_/Y/D9$(T>^61/1/F1^1TR`//2@JR'0!+.22@8J>^02)$N0H MC"?XW1H2?+KTR28W>"-/YLP`)8+INR5A^B2S]VMM_#32+Y(&)YZQ=VO(V`?T MP$N,C#E\]=\79\+8FTG[`^=O(6RR)_^5^7Y^_=&O)WMM+^8.Z1(B01 M]-XM";WS1A]N'-`/IDMRY,,C^&Y5$'Q9L^T4Y8C@^6Y)2_H313.GZ[TJ(1H> MM7>K@MK?630B&+Y;YH+XBBN'Q^O=&N)U_R&^2AF`L+ M11\BPU=Z^#6-:G1:.B*LNE=2;)PLS8B%`@CRRGQ/]7@(W:LAA#XZ;YH\1O\! MW3F8_A%<=\>DOT[-@GHB@+I7$J#.W2;NFSX\K5ZF_GB(W:LAQ(Y]()_5F`B] M[I5$KQ/M/ORVERD>GD_W:LBG'S$-SN"]T5\UBZW^U\[S2."2;+7:>_?71[.6?HA41ZMPK*:S[2?NC_4EA M)CE*XJESKX;4^0'J:_+IB]^X.62RC)1K$03-2I4AI'3S0Q5%.0XGO5(T%>N& M2%1AA]9*572/AH=W.@VF-++)U\>*J./4Z*11Z%9Y>D?[U+DEO/.L.N_D_ M>KL60=NL5&E?;O40'0^XP[ZNE>CZNK[;["RZP7&`MACI)HM*2/YO(7;^HVWT M-P[VS'^QZZG/-DV>(E2O@<:B7= MU,:"&]GI=[_O?QAY,9S M^K"?:R6W>Q,N3,OT2"69]M\IUR+TGI4J!3Z M^YXFO_QX7$0_F/0Y@8G`?U:J9(&=;$PT3=OG9\,8"S,4E/A?X)>1)#_>A1#V M=;WDY]BK.<(;>ES8N84TRK6(]X"5*D5LB:9'TB*I#8\DDWG_0M9KD?<>A'U8 M*Q&Q=4N/#OEMDX\US-K.KZ6+_=;/"DT1":4DCT2Z^8=+"*UH\(M-Y"0I*\$G MH=30)Y%[YJ8(^2.4DOP1Y^=JAW,SQ/)(^C90$OP.2@W]#N>FTVG*$O(\*"6M MJC_7B$/`4=TO`B7![Z#4T.\@*CHA?X*2RY^0$ZO51GD);@.EAFZ#V=K!'OVB MNW$P=E[HHJ\TL0EY"Y22O`4)=N]?FB3)GXDMHD1)*DIP"2@U=`F$L9\>X1N- M^W1R$[ZB"#D#E+)6WR>:S@6UVOK)DF24@/J5&J+^X69K.6\(31'S2O/H/$U1 M0L1?*2N$^[E6[!>R;2B!8,YQ]OIC<8G`B^FMU\B2LXP[UBLQK=70!\`.E\PV M7@GA?J4DW)]@=VRPPCMD2`QO%6MU3#TU1_AGU"/$[Y5WX/?'HU'@AMS2)3]D M0'*6,:0EC^NS\ MT1,!^Q55B*&K)3'T8Z-C7VWL6%2:`!K@?Y3+ZVNPA1@\TUQ?@7+=N^AHK0OR MU73!_FAJ[8MNN\>^\.C%ZYYZH9`R"2==0@\\$/VL@:9<`'H$T048(!W1HPN# M2]=^/?%SE_7]`5=H7G996H'HEZ34!\*LU!/Q/-H+81L9P M-GGT3SU-DZL0WU=+XON\V:%:PQ1`D^@AU1%#DR2D!,:OUI#Q9Q>2$-]7D_G^ ML;E[&5W9:`7]$_>2Y!2D?D1!)=!^M8:TWP_+9A@F[6IHW<*M26;G::(20OQJ MJ:'BCTT_"A?O7Y2DH02*K]:0XD^1!^FBT/#8W(,]C4M3-U,_6X6@OEH2U#_? MC%!;84Z`@JR2])7`^=4:;]CY+5HCD";9UZ/%RP')D1072 M$MP$6@W=!)F7JFI";@+MW5;>'WH(W(1U]Y*$E.`BT&KH(L@N)"$G@59FB)\/ MI*8$2*_5$-)'ITK>F;;IKI%!SZU(XU6:$*?72N+TR::'@@HO@A6]*DE$">1< MJR$YCQ]-FB8=(6:NO<-9JHSOP^%\!CX_C?M/@Q%)^2))4@FD7*L**2]+4D(P7"L8AO]_>6?7W"B.A>'[ MK=K_H+N=K9I4M0E?OMDJ8I-NJA+PVJ1[YFJ+&*7#C@,9P-W)OQ])?!@ZPH!L MM8CFJN-8(AQX^T@ZS]$1HYH.CJG9!Y2=0-$+U-T$J8H2.;^4,'+>2,);!:F7 MDI<3DACT"J:$XW=H4&4*I:N<,N0'V$'++_SUD'DE1F&3I5-QH=1XNKJ5.+J MU$E^_WP8_1='ICW"/-H&NZ[8NRO\_S[+R1EX?K*&^,E$ M.^C"_)!UXB>+('M8!CD:'4\6*LRQ?Y5 M7H5O.!A>5Z(X7!OD"4BKJY-:^A&Y/OX]_I145P-;]+<$%3=4*:1!E9`TH%>+ M,_;@$A;_-E[F\?1[E8DSJ)PX0[\9M;]]1%>"^)2X[TGZ1Z$RT@"7(R@J.UU@ M&0J2'04WJ%/!#9.0'1.;4.ELXFSYL-+(CX(FU*F@B7.ND(-7,A1=)ZD=?XO2 M),8?@UVC3D"7_IA`ALHIJW^`'8=Y9H:T%165JD-R%!=L=D&R2XOR9.`IR/$" M2I`$*1Q#E9!CL$M08^(8&N.TJ#LM3F.B M'1HGVC'*XPA@A0D-8H\$.; M"OPXH];0TQX8#NO2&A,LT3AM-!AN3J4Q]TVX3I#@*/Q#FPK_F)3@F'B)-HJ7 MC$PV?\>JHP`134(@TCP+O$M73"!#XP0RFC=._! M02OZ^"NN&V=E&>Q>6S+A!(T33CAN0LVT&JWPGH6H;@<"TE"0SB@,09.0(9"D MH"LT%PZ;QR9TZ8N)&VB#7B?I&F9YNM_F^[0[G4YC`@4:)U`PUJA#?EW9()M:'(V" M"30),4$KEKY&MH?%%,8N7$&'^'0F1*!SVNK08T.'UEI(X&(20$"G``%=0B!` M.6JY/&.Y1W9,@$#G>4SO,2N:Z\FH](V8S#^WSXFNBL(+VO.L4XB!+B$Q:&2( MX0.5T:K>R>'3Z9EH1`9=@F6"##HGR,#U"4P@+*Q3$(0N(8*H4+B?6-L_]\B- MH'>$WDK^BD^HSZTXQ"6!GG&3+EDR(0B=UU:,P>;4!+9,:2+KE3!"4TI1U$NG MD`A=0A)QNN282(1.)Q%G3RIYE]*C,`E=0B;QYAU5B1FP*,Z(!ZGRFZ[J`#H3 ME=`Y%4T:8]#AH$7TN:A3DN%0X'W=Y=`_I-N"<'-1T%)#H3(-$Y`9)^ M,QI1'=(2X/<-,M06*TXD']$I?$27D(\T,G*;KZL,!7^#V:",`9T)G.B&1\_[>U4C!*;J$.*4C MV6BX$`TFLF)P(BO#S6G'NLNO!>9.&1248DB(4DX7'!-3,48QE?-D[+T'U5%8 MBB$A2VF.1FOX7`Y3WL/F,4ES'Z9/2WB?WP8%ZW=B']T`O$WB_#'STANT-NS2 M(A,N,;A5H#K-R"[\E^'^%SFZ`+A/TC3Y+NY0+8-"3`P)B4F'1RF+`(\HJ&$P MD1.#$SD9;U9=U=]Q+7?AN!^!M?"=SX[OV!M!$J00%$-&@M+A36Z2^&OE3*PX M+/G"!FZ16SDV;#/Q%(/;4<]LQE%=Y"]AF3_V;^PM=^@2$W&6%.!B2`Q=Y)@837S$X\Q7*_==!P[))'9P.JQ:"I$4!)X;$X&2$M)@X MB?&3.,E[DA@%@!BR`Q"(!;0H:S[JTHA78S$,0A*",[@G1,(2F&W"0%S>&1R![1:_$>CIZ- M:#!Q$X-_N:JW%M!/$`95,U%.D@)&#`G!"(NX3"868OZ\0E3O160F!8:8$L*0 MYJRI\9H(+QT^]II,1,0<1T2&51AG-&P"N?@FA828DI.0$R3'!#[,GP`^QJH- M/%0-A%>D,BEPP_Q;PXTN]3%!#5,XU&A&CP^R$T=_30K*,"5$&:<+C@E>F./. M\#A+SL%[4!T%2Y@28HG&4:_X35WODN]]M-9DXA(F)RYQS(#&L3!+V]W82[#Q M+=^^M5U_`[QKT#HN9F%M/H'K&^^+(&1K4FB%*2&ML$F8"BWM7K:DJOH:O3\O M)GL@,,O,'O&:[UNPP_.C+@4RX0N34]VJ,095BK3K6!TL>X$4=0/%SQE(8I&^ MCP(U3`FA!OT5K6`:)>&/55>ZE,C$-TQ.?&.,05UY5,6NHC@L?H"'RPC2(@5W MF!+BCB*.[PG0(3Y5"`";]4Q(8'YF0M/ MG2BXNBLX]`7>`VB=$(F[`]+_<#JD(+U1",)<0H+@I5^#N*SR>G@5Z`.:'Z^0 MOG!]NJ).;!F,"G:'][>,LNTNR?8I])')5^A>_^B2,!-BF'-"#.+X- M9N`"7%D;A_C3U=K>(-]J^8[G"A(RA4/,)>00F^TC#/=XK[X+OUO%:7-1_'65 MHBOOT5,B[PXO^HK(@1,WVZ"%7?2\@UFOC)E8Q9P3JSBOR2T1*TC$SNW*6OA8 MQ6M[@41\\SMP-IL[-#&P%@OOSO7Q!H[5VG/1SXMB"B%(XA3R,9>0?.!4MQ0^ MHE$T^@:+U:.;Y/V^EXEWS#EMUN@SHB5#%+\=<0HST0\YKQV8O2:T=*:AK2&O-GR#OF\+]9Z;;GB MMJ7-*8QC+B'C:%7E1B/5NJB#?,"=([3'Q#KFG%@'BV$M->I(C?9O#AI^UV#I M;%;>QKH1OEMR3@$>8PTF>#'G-?F#D;C6O(TD#P_V=:- M_PDLK+7]*UCA\=ES@>4N@>=_LM?@RG;M:T?8G)#"0^82\I#JZ`,TC:K>:%G_ M>X0^F6C)G!,M&651>^7]`:FR$)_]&Q:D#7XIYHNB@I84M#*7$JV4@&N$YIA0 MRYP;:NDVH"TQ'-TI-`5\ZS=A`S&%P/%35>?=M2>%8BVO[E:Q6R'VA'V[18+KYA,96(0IK/)-:8=73E4IA&_@5 MV[N&S_BTL_CK8`^F?&"A,J07EUA@OQUMU5TBU:WME;?VK:L;&VSLCSB"AT1X M[:UOQ<6K&P^H(3P)P4M5VWB1/-U',<$-([3'@E-(+Q[:&V9*6WXXLF^/;Z%MPXUI5S(RZZTGA0#3%*B#&N@RC]'.SVC?5<'WA3/K`P#-*+ MA_2.6M#V<]H%N+:<-?ALW=S9X-:V-G=K@:RL\4@:(I.08=2OJ*C7;L7A37G0 M&;KL+=D>#4,O7N-B8#A&>Q5D4<^&#N4#"]X@O;B*D,7"NA(?N@@@5P%EER(Q MIVHG2*1O\4?U\*42Z0G8OD^J+#2$]!K^T$;N(C^#L746[/',!-^=2&9"XX$V MA"PA,.$H9!9V0GKQ\+GGU/#3,_J$,R"1AT87V+T")\OV,`2'WJ#])T1[Y;=( MI7H]4HFY+J;7)TT6;$)ZPL;7%?I!> M/+Q:MVJJ+\!AH2/:";TE']73E$I)'6ER/;J:,?&/&8_]*0,-.6P]GTB67^-I M'!0VDY!\,"J,B7K,.%&/H>)J-@/EOLO)N+09A7C,)"0>[7S,5@Y>^SS*R@VQ0NF6?*)GHQVQ6)#BCX(V9A'ACK+28F,6,$[/H517,JR4Q:@+06OD) M>332=$).C,(>9A*R!S*(N.@RSVBLRLG)COC-E!L@^G3'!"1F/('$,'OJHC33 MV;O1>"P-Q4F(+$Y3'!/'F''B&"/%1N9KY9?3"PI2.,=,0LY!RQV&V3:-R"E2 M/?)3F'"'PA-W#+.GTJ#X#&B%0CL4"6G':3IC@AX*)^@Q4F+;/_=1%A5GLDW& MO2D4YJ%(R#PZ"KM[U0@U].AG16$B(`I/`C+>MGKH1M MS@=U/]N;:?A$"O50)*0>Y],A$^=0.'&.$R18-9F03Z3`"V4J\():]M=-8C\- M0OS(\=,L**+/@CIHG,0712/0:"5:+!0N_ M,A"C82@OW$O4<"_?'Z/M(\``<[L+LBQZB%"#(`/?@C0*[G?X_)[R&`W4O)CF MW.]S$";H@CEX@C`'^2/JG$:H612`AR0%VV:=<$'*I#`!92I,X%1E7C+%\B_/ M7+JIUV51QS,QN==`L``00E#@``!#D!``#MG>%WVC@2P+_?>_<_Y'J?DS3M[EZ[K]M[ MQIC$;\'F;)-V/^U3;`&Z&HF5#('[ZV]D`S$44@*.D1)]:1HGD4;6C]',:#3Z M]._9*#V;8BX(H[^]N;IX^^8,TY@EA`Y^>].+6N7]_?W%_?O+Q@?7+Y[^_;J\FNG'<9#/$+GA(H,T1B_*?YJ[2]F=SQ= M_LW[RV7S;Y;MRP?;>KCZ^/'C9?[3U:]"0^21IE="?/[$68H#W#^37WN!N_9' M8GA_$;/1I?S999/%DQ&F6=.W>QW'BRRO"?^ZT1^NU_*#CA6YO@?]2S%^S>9C M_-L;04;C%"^?#3GNP[/A_?F[MU<@Q/NKBYE(_@D/_G3:@=O\<[\.+I\@?9QI`%W'XO2'.2(Q24==P-GL]='#P@0J=YBY`;2N\ M:;7]+\\P74_O^"E#;!(1ITQ,./98AAM6Z$('W<`)I18Y7B_]N/7#A74[7'BWWC6.WHQK8"IRNGS/?`_/"C&R=H.)[3 M#A<:8/>#R&JT8>&\EHM*97[#$[HY7'S+ M_D_/#5W93)5$K#=[N'@M%Y2([5IMUPNCH%>UM;"]^2,U0=OWKB,GZ+1=J^&V MJUXD=G=QQ%NVW.#6:O?`*++"7E"Y4;:C_2,TA>]%@=64SN>M$T95R[N]>1!W MS+$`RQ]EA-$V-+S6)9YEF"8/+JR4^\BXP^=/*8O7.H'O4<;X'@-;=F#1Q*$9 MR>8N[3,^RF5?_GGN>L/?\S@?WEZ=+0:4H1FC;$2PN-CTZL'Y_GA)&2V^2S"1 M[OC'\[=72W<<'JW$BZ"G#7$2+++O7K?%UV5#4N;B`?SWNW>]'AA:_,;E.',YX1.I"[/!.A M."#_,H#4!L@M2R?P/OF\15+,52?C@R&C!C(62J-%1(S2/S#B>GBM'PTN$!/,54?$Q$)KM$G9:,1H MF+'X6SB$Z1+^)),)CC*U4W5.3&2T/DZZD[N4Q*V4H4QU+$QXM,ZME`?#M`5/ M5/=9KDR(M'XXBMTV+?!X!8%2ZTZ&K>---?XD3(YE4KEYKV7:GWS,H=H/+4ZS MU9/-#^WB\9\N!6GQ2M`J6*E0N@!/,9U@Y;6(H4D'FFPF,K^_8$IQI.IQ=0Q2 M1TIWS9D07<[Z1'4O*7>20)8^YAPG[4+(G7WE'64L0VG^FP;%9T)QJUU5@@HL MZ5B^X('J^NJG`_#"7&"#ER::+L0I-#PHCGNG8/);R8C0/",F(U/LS,:8"M4I MKYVL;55E&]1L0\82"R7GX2Q$J?+&_B]&TRE(7X72^=D0\P6Q>JBU>E)V M7B=86]6:.QHCPF47?C_B*,$CQ+\)6!2O&4ON29HJ#LP'H\,41*U2Z6"^8,8! MR2:^R_108_6D$!FVCI9N"K,F!2OD++-&IB2!N5` MA&98=`AE/-]@7:G:]5:-ZR%*`0320(/$. MZ97CUNR9:$'?%TP&0_``K"E8D0/L349WF/O][W+\<_949ZZ>0\J&N>=AKDG2 M"3S5[GB)V4:I="4[%94.XA1HD]O*.8)::#R#WDM$;Z$)%8=/[US3[7DGR\Z$ MW[<9%2PEB8R/%FSU*)HDY/N).6V4Y$>KO&K8U*RS]KC(H/Z9LX3`F5B4;%!, M&=E(#"V:R"\R/#Q%J?P\6)F-.)^#EKI%J?)I\(8QM1FSXIA-@*H`QQ@(@Z4: M%O"%J(JC5?.J9]`Z(,V`0@=S($J3%;'F;0.#U!-E:RZ"[Q&:%6)JHZSJ.<5N MR#HJ9WA-0,6!JCFJ;X`Z1C;%63KD1,1)=C85IE!E_#2QOHROJ"A,FAR*,`ZA MHORX\.;I@-RE>&6U.[,XG<@]14W8,IZAHFR!2T@H3A9YB=T4T4+,%N/RF\5S MX3$::V&+&4=14=!*'J(V,!DG45&8NEP>;LGF4D7EY=?^FI"Q?(5YZ1!-[/6: MD[P,74\32G%Z_F6"#G4KD%/QV$;JGR@UNDPOIAH3F%^9JB6/THW&G$V+=*%< M5L5A,X$*S6#K()AABOG\.T$5)\V$+30C3>8Z9GP2RUEQ*8@^@&G20JF9P(5F MJ#TNK.*T_6R\A]?"J17'D]$DE=G?30Q3%)-\@N#_*8C6;-0FUTR$X[1CK-\,[;+0"8P`7G^6K]/!"B-21L63AM?C_)9Q8#4@RQF-4S;'.,#Y5L;W\BH.F?%,-8`L+S:NE>XR M3J@&6)7#NGI@9?Q-#;#:C)SI@9;9J-<`+>VH,EORM<1%3Y?7N2I_:LKV&:8J M2D!::`MML#*!"@VPZE&,.,6)$_K=H@2\XE2]U^;&-0/DX2?ODX3(J4"IC<8$ M#!_%H31Q#0W("G"&9-+0LNS[6JIYG\3*7W1FPAP:4!9QC,2$S[4QTQ[;.C<+ MJOY`EM1-@(I3]<'$XYZW M]OO)R]*W""5BB!-9@5!U%]?$XZIG:NN]0U\8_Y:?NX^QD&F/`;KOP$OA!*6J M,V*":WKH'?6/ASX64#-KWX]-G85T?A^6&$1CT!U=)O+HE6),/EJ]3C4JS1JH M%5L'GG90C3IM5]7'KU4LWZG80"F0A,,A!F6@VM6*!Q"O&D+**:YN/HPASD@L MS=I*@-HR/>O=**:>2@D9(*?/\X$D>71V>?FKPM-K^EY-&#^1MJ4@,NYQ-"8RQ,>\)G+A41B9%!AK`BC,R M+3QVQ307FN?%O2-FQ7]-",>Z%GF\TBFSPA!=(]&-B2`4"X&+M`LYJL5/5+\Z MX9UAVC!=V)2_$Y$MC,H`QPR<^!0#+0\)O1';1HX/ MGA12&OERV7_%H39QA]>%9OGF";^_>=&UXK#6O^-C8*TF7NN.QHCP(F`;<93@ M$>+?9)Z-3M>I/W'MQUQ@L_9KP6R5^3]RFZJ!0%IY2@E3H8,54/]>E8'TY"?4 M81CRH"=NXN)K?HQ@2@1,=(OQ`!?W^DVX^ENM]9\J-OB>M#0IG1+.J!P;2@.8 MDZ3PM9R95+BJYYK47X_-T%J-%;MQ98L\?\RHW-*5>V`V$YD-QJ'R-1@.J=QF M;%EMR*W:3%B_M6C!OAZ:]H/1M*^*U]+0Y*5&,`879N;X8>:?`\59_VA8WWOO M:9$RJ##)Y0W@`(\7.\-^?W6+B*QLW4&%=^;2"`3`'4:SH?!Y&RM_&[;9=7@- ML):KL%LT6=3!"W$,U&JPWVMV&UX4I"LL?9Z`M'S>)'((5/E:*EJ5"S4(UY2O M*(_$^&,Y>\*981X3H7SBK=EE>$DT.C-9(#K]/HY!/F<6#Q$=X``D]FE>%D%N?8FA##=,42K]-L41-'%:/1'< M#EL7<\*2S61OQ1$T`=B7A*`%:S3G7'$0W$<34*](7DS,72MI$3I*CC%43955@W*N>#+ MRW##"EW@N!LX(1!M1:[O'14I;2!!A+S7H307:H'F\P&BBX*\#R%<*2=-RF*7 M+KIZB/H^O+P(WGH#9/VF.([UQ++6H7([7ZMXWKPK7,"C.31<(Z'LGKB%!=!;RF<8IILAY1&-^W&"];19L^. MOEA!8'F1ZYQ"1RUN\/J".$=4FNVW#Z,.5_=R`^:;MCU0ZL- M9AVLAT]!;>NR(X-F/H>.QDR@],&U>^A:,736BG.#.17@5,8?MDEN8-H-TXUC MM:,;VPJI%'0B1.[X+0H-PSSO+LBJ MG'+;1V9#Z3Z4MD'!71\?"FF#8ACDTE6KUG[0F;'DGX.)7$LY7Z7:.ITAGW^R M/6AF&10MS.1%;6C%%-+RR@L0<*F4%H(:+;17$"VG++*^'FEKE7+5E36O5C(: M-/9!PW.B@HZN$\"7CN^%-V!3G4`C.8A3T$/RS&->BDXQKC;%,U#MA@ILN[7O7D1-TVJ[5<-O' M1S-SWV99>[^4RJJ8PEG/N&52\^3[P)C&)A:^G^:QW.#6:O>!DZ0LM M1'A^.+ZX1!K>*1)'G6NNV=:;#)%>]L%W*ONZ0P)___K?_`U!+ M`P04````"`!G=IP\NK`2B/0'``#'/0``$``<`'-H=RTR,#$P,#,S,2YX;WK;$W:']L_?%P]Z]V&SWB M""<^PP'JOR`U]!/"7M#`==#W#YWK3J]S=7W9;C_DS7OB(^`OZ)\5*YD$3?#@0WDR3, M<*^ZO'OB4YR);X[DMU;T;FYNNJ)W)PI`I`2:1)3YT70'O:)M]K+$>XY"?$6[ M60=7NVE?]-I@_<.='T4Q\QF$#-K+)8EF\<,='_\VL]G!,R0LNN7J]RU*%LN0 M#R?N/2=X!O>>U^W,)5^7">Z`+9E$$H>XQ'[>W045"D$3=IC[<3,(/YD>H1PY M#$#B)4X8`8I[?W=_E,W4#\]E`RK355A',J$_.9<,J.#P?T.#ZWM@..*-L6-( M9YHP0HNG*SZK-5L=#W7+4RP-_AK>7X8UL)VAXAFVU4(D$'2_ZJ9C:%\KZ6PM M"?",1$3,@@ON*]1&F3IO;A$00*`4`^5`[KJO,5+0%<6!'3V(]NL'?*NS%3F6 M?_4(G1+?CRV1[AXX^VS?NV"U2*FNIW@Z]X-K#U3;S]64QN10QV4'Q]@X-V0.4QT,I('JW@_RM*2'*NZ&OF(JEZNZ3KGON MZ>A44)4%YNHH,`>AV"*A%.J?D,C\.O(3D'O&C(#]]`<"]`I(%J[W;PT7>G>( MWJ3XP;KAZEI1^E(5]VE@VI^KS;&SL611O)9%,44NRXL<'0GX!DU$C=!I&--5 M@JV8X;[B&N#SD:.[O"20U@TG%60AN4F+AITN7'!UU(.&P.#1R*,TRNW&<*2H MGCUP=!7XFW\9KCO6-455[;%G&=;CR+$M>PR91SRXY1$Y$TL:K)X\6)?02.%Y MM+(!4#H"V@^!#L=H5"@UXY,!J48[$:6]F#0`E_(`7/&[F6:CW`H5*V2')\CA MQB<]+6#+'2Q3D+KZO=S5[\6JDI\5QU%@7Z>?>*B/Q:4> MOY9[_!H:6P2TAVB4O_4OAF<[FN&.;!=*3=6#N7[:[85:4N]_D'O_`S0X$+(= ME$&A/5:CPO"D*Z;WI"J./N)SW[842[.])]WIZY8^,$ZMP*?5I8'Y71Z8WZ&1 M(B(.^6^T!15O6P0LRG`;%203GLO'"A5J3D[J]ANYVV^@L5=ME&?%0Z5_X<]9 MI:56(B_Q=.^B:`O`;ZXYNM[L!"J582(`U*@JP M)MJ.I_1-V.D_\MUAV1>*ZIK2>%P5Q(/OHO9H:`O7H$\6AXY5U#_'AFMPWB<2 MSX&DU.4%FZD>WTWEM1OEX($!%:!J**9AN9XSKO`.1ZHA=7C!7JK'R_D="LK! M-,KSHJHP;>O1TYVA:2A]PZRPGRK4DM:/'^41^+@K:C@2XE`HA]6H,`P4P_FD MF&-]J"ONV*GR%E.N(L\YU_(IP&]S&"1P4!ZH4=ZW;,MS%(U_2/ZDNUX%YTLU MI+XOV+/V^*854-HI#,KA_-U"I` M2E3X53O3:_-;[=YE^ZK7V=!`G`\I'#Z/?9\2:L]&N;1\3+!4J"Y,]`UA=@(+UC*F?JA,&?E.^.F[_1)V3.P@L8U8N51:[FZBZ>\_NY3%=&[UR]NO#= M)3L#RIE$)/G2,%:5KPN_SW'RS8A&23S%E,+RY?CK(63ZA!R<52N7RG-9Q!%F M?O+R!C8S`"ND,_%#7DP"%SPA3$8RK3>9;`V'C!?@**`>WK!)&$^_Y59N25_* M)ZL1;AGT]'G/S^9T=C*4V"_MK!F!\CDA(559H69$;2B"$C..YAY.%B;Q)R04 M2^UQFC@M69<$`?B4PLR?$3;"R9371G.\)U+0_2HPR[3K_Q06%X>P*YZG/TL* ME6`!VV>.#Y40UC=+'%<*WU%F:N'^)<[GN;=JT<8"R6/DG2ZMU+_`#V3]91" M[1CFK>VGSX/[C#&C92RK*-6%Z6E;BWXV<;YFC3@'?+4(BIY+U:?/@S!>RZ+\ M)N6Z,+>@.N5K"Z)3I-V```&:P8`$``8```````!````I($``````Q0````( M`&=VG#P_C6G%3P@``-ZX```4`!@```````$```"D@=UV``!S:'`Q0````( M`&=VG#QP:;=^GRD``%HM`@`4`!@```````$```"D@7I_``!S:'`Q0````( M`&=VG#P@=22?41$``(-Q`0`4`!@```````$```"D@6>I``!S:'`Q0````( M`&=VG#RZL!*(]`<``,<]```0`!@```````$```"D@0:[``!S:''-D550%``.A@]A+=7@+``$$)0X```0Y`0``4$L%!@`````%``4`N@$` '`$3#```````` ` end XML 38 R17.xml IDEA: Note 12 - NET INCOME PER COMMON SHARE 2.0.0.10 false Note 12 - NET INCOME PER COMMON SHARE 01020 - Disclosure - Note 12 - NET INCOME PER COMMON SHARE true false false false 1 usd $ false false EPS Divide http://www.xbrl.org/2003/instance shares xbrli http://www.xbrl.org/2003/iso4217 USD iso4217 0 Percentage Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 0 us-gaap_EarningsPerShareAbstract us-gaap true na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 1 us-gaap_EarningsPerShareTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;margin-left:0px;">NOTE </font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">12</font><font style="font-family:Times New Roman;font-size:12pt;font-weight:bold;">&#8212;NET INCOME PER COMMON SHARE</font></p><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 192px; text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">Three Months Ended</font></td> </tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td colspan="5" style="width: 192px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:192px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">March 31,</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">(Thousands of dollars except per share data)</font><font style="font-size: 7pt;"><sup></sup></font></td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#0 00000;min-width:89px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2010</font></td><td style="width: 14px; text-align:center;border-color:#000000;min-width:14px;">&#160;</td><td colspan="2" style="width: 89px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:89px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: center;">2009</font></td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:center;border-color:#000000;min-width:75px;">& #160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:center;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Basic</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;borde r-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Average common shares outstanding</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 107,959,598</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;"& gt;&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 115,946,629</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000 ;"> 32,603</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 37,279</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="widt h: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income per common share</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td ><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">0.30</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">0.32</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249p x;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">Diluted</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-w idth:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Average common shares outstanding</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FO NT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 107,959,598</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 115,946,629</font></td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Non-vested restricted stock grants</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="wi dth: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 753,163</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 1,154,224</font></td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Stock options and other contingently </font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:ri ght;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> issuable shares </font><font style="font-size: 7pt;"><sup> (1)</sup></font></td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bot tom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 1,534,413</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 928,919</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Average common shares assuming dilution</fo nt><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> 110,247,174</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font st yle="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;"> 118,029,772</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:right;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">32,603</font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-S IZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">37,279</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text- align:right;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;"> Net income per common share</font><font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;">0.30</font></td><td style="width: 14px; text-align:left;border-color:#000000;mi n-width:14px;">&#160;</td><td style="width: 14px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:14px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">$</font></td><td style="width: 75px; border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:75px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 9pt;COLOR: #000000;TEXT-ALIGN: right;">0.32</font></td></tr><tr style="height: 17px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td></tr><tr style="height: 16px"><td style="width: 249px; text-align:left;border-color:#000000;min-width:249px;">&#160;<font style="font-size: 7pt;"><sup></sup></font></td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-width:75px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 14px; text-align:left;border-color:#000000;min-width:14px;">&#160;</td><td style="width: 75px; text-align:left;border-color:#000000;min-wid th:75px;">&#160;</td></tr></table></div><p style='margin-top: 0pt; margin-bottom: 0pt;'></p><p style='margin-top:12pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:36px;">(1)</font><font style="font-family:Times New Roman;font-size:10pt;"> Stock options and other contingently issuable shares excludes </font><font style="font-family:Times New Roman;font-size:10pt;">0.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million and </font><font style="font-family:Times New Roman;font-size:10pt;">4.9</font><font style="font-family:Times New Roman;font-size:10pt;"> million shares for the </font><font style="font-family:Times New Roman;font-size:10pt;">three months ended</font><font style="font-family:Times New Roman;font-size:10pt;"> </font><font style="font-family:Times New Roman;font-size:10pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;">2009</font><font style="font-family:Times New Roman;font-size:10pt;">, respectively, due to their anti-dilutive effect.</font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:12pt;margin-left:0px;">Basic and diluted earnings per share are calculated in accordance with the Earnings Per Share Topic of the ASC. Under the Company's restricted stock award program, non-forfeitable dividends are paid on unvested shares of restricted stock, and the restricted stock is therefore considered a participating security. The two-class method of computing earnings per share is required for all periods presented if it results in basic or diluted earnings per share amounts that are materially different than th ose calculated under the treasury stock method. If the use of the two-class method does not result in basic or diluted earnings per share amounts that are materially different than those calculated under the treasury stock method, the treasury stock method may still be used. The Company has calculated basic and diluted earnings per share for the </font><font style="font-family:Times New Roman;font-size:12pt;">three</font><font style="font-family:Times New Roman;font-size:12pt;"> months ended </font><font style="font-family:Times New Roman;font-size:12pt;">March 31, 2010</font><font style="font-family:Times New Roman;font-size:12pt;"> and </font><font style="font-family:Times New Roman;font-size:12pt;">2009</font><font style="font-family:Times New Roman;font-size:12pt;"> under both methods. Because the Company's unvested shares of restricted stock do not represent a significant portion of total outstanding shares, the use of the two-c lass method does not have a material impact on the basic and diluted earnings per share amounts, and the treasury stock method is disclosed. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p> NOTE 12&#8212;NET INCOME PER COMMON SHARE&#160;Three Months Ended&#160;March 31,(Thousands of dollars except per share false false false This element may be used to capture the complete disclosure pertaining to an entity's earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 false false 1 2 false UnKnown UnKnown UnKnown false true -----END PRIVACY-ENHANCED MESSAGE-----