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Reportable Business Segment Information (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Reportable Business Segment
($ in millions)
2019

 
2018

 
2017

Net sales to external customers
 
 
 
 
 
Performance Coatings

$9,034

 

$9,087

 

$8,730

Industrial Coatings
6,112

 
6,287

 
6,018

Total Net sales

$15,146

 

$15,374

 

$14,748

Segment income
 
 
 
 
 
Performance Coatings

$1,409

 

$1,300

 

$1,313

Industrial Coatings
862

 
818

 
979

Total Segment income

$2,271

 

$2,118

 

$2,292

Corporate / Non-Segment Items
 
 
 
 
 
Legacy items

($1
)
 

$5

 

($2
)
Business restructuring-related costs, net(1)
(222
)
 
(75
)
 
—

Environmental remediation charges and other costs, net
(61
)
 
(77
)
 
—

Acquisition-related costs(2)
(17
)
 
(6
)
 
(9
)
Litigation matters, net
(12
)
 
(24
)
 
18

Impairment of a non-manufacturing asset
—

 
(9
)
 
—

Costs related to customer assortment changes
—

 
(18
)
 
—

Gain from the sale of non-operating assets
—

 
26

 
13

Brand rationalization charge
—

 
(6
)
 
—

Asset write-downs
—

 
—

 
(7
)
Pension settlement charge
—

 
—

 
(60
)
Gain on disposal of ownership interest in business affiliate
—

 
—

 
25

Interest expense, net of interest income
(100
)
 
(95
)
 
(85
)
Corporate unallocated
(197
)
 
(146
)
 
(180
)
Total Income before income taxes

$1,661

 

$1,693

 

$2,005


($ in millions)
2019

 
2018

 
2017

Depreciation and amortization
 
 
 
 
 
Performance Coatings

$255

 

$274

 

$272

Industrial Coatings
194

 
181

 
164

Corporate / Non-Segment Items
62

 
42

 
24

Total

$511

 

$497

 

$460

Share of net earnings of equity affiliates
 
 
 
 
 
Performance Coatings

$1

 

$1

 

$2

Industrial Coatings
—

 
—

 
—

Corporate / Non-Segment Items
10

 
15

 
10

Total

$11

 

$16

 

$12

Segment assets(3)
 
 
 
 
 
Performance Coatings

$10,636

 

$9,846

 

$9,763

Industrial Coatings
4,912

 
4,441

 
4,563

Corporate / Non-Segment Items
2,160

 
1,728

 
2,212

Total

$17,708

 

$16,015

 

$16,538

Investment in equity affiliates
 
 
 
 
 
Performance Coatings

$33

 

$33

 

$32

Industrial Coatings
14

 
13

 
13

Corporate / Non-Segment Items
82

 
86

 
89

Total

$129

 

$132

 

$134

Expenditures for property (including business acquisitions)
 
 
 
 
 
Performance Coatings

$483

 

$545

 

$224

Industrial Coatings
510

 
157

 
328

Corporate / Non-Segment Items
63

 
87

 
133

Total

$1,056

 

$789

 

$685
Geographic Information
($ in millions)
2019

 
2018

 
2017

Geographic Information
 
 
 
 
 
Net sales(4)
 
 
 
 
 
United States and Canada

$6,475

 

$6,485

 

$6,307

Europe, Middle East and Africa (“EMEA”)
4,549

 
4,678

 
4,389

Asia Pacific
2,542

 
2,618

 
2,523

Latin America
1,580

 
1,593

 
1,529

Total

$15,146

 

$15,374

 

$14,748

Segment income
 
 
 
 
 
United States and Canada

$1,073

 

$1,022

 

$1,135

EMEA
569

 
549

 
560

Asia Pacific
342

 
306

 
361

Latin America
287

 
241

 
236

Total

$2,271

 

$2,118

 

$2,292

Property—net
 
 
 
 
 
United States and Canada

$1,300

 

$1,254

 

$1,224

EMEA
836

 
777

 
826

Asia Pacific
538

 
482

 
493

Latin America
309

 
292

 
281

Total

$2,983

 

$2,805

 

$2,824


(1)
Included in business restructuring-related costs, net are business restructuring charges, accelerated depreciation of certain assets and other related costs, offset by releases related to previously approved programs.
(2)
Acquisition-related costs include advisory, legal, accounting, valuation, and other professional or consulting fees incurred to effect acquisitions. These costs are included in Selling, general and administrative expense in the consolidated statement of income. Acquisition-related costs also include the impact for the step up to fair value of inventory acquired in certain acquisitions which are included in Cost of sales, exclusive of depreciation and amortization in the consolidated statement of income.
(3)
Segment assets are the total assets used in the operation of each segment. Corporate assets are principally cash and cash equivalents, cash held in escrow, short term investments and deferred tax assets.
(4)
Net sales to external customers are attributed to geographic regions based upon the location of the operating unit shipping the product.