Reportable Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Reconciliation Of Revenue And Operating Income From Segments To Consolidated [Text Block]

Reportable business segment net sales and segment income for the three and nine months ended September 30, 2020 and 2019 were as follows: 

	Three Months Ended September 30		Nine Months Ended September 30
($ in millions)	2020	2019	2020	2019
Net sales:
Performance Coatings	$2,251	$2,313	$6,328	$6,851
Industrial Coatings	1,434	1,513	3,749	4,623
Total	$3,685	$3,826	$10,077	$11,474
Segment income:
Performance Coatings	$426	$380	$1,060	$1,102
Industrial Coatings	253	206	468	659
Total	$679	$586	$1,528	$1,761
Corporate	(55)	(43)	(165)	(134)
Interest expense, net of interest income	(30)	(23)	(89)	(76)
Business restructuring-related costs, net (a)	(14)	(18)	(200)	(203)
Expenses incurred due to a natural disaster(b)	(8)	—	(8)	—
Debt extinguishment charge	—	—	(7)	—
Environmental remediation charges	—	(21)	(12)	(61)
Increase in allowance for doubtful accounts related to COVID-19	—	—	(30)	—
Costs associated with accounting investigations	—	—	—	(7)
Acquisition-related costs (c)	—	—	—	(17)
Income before income taxes	$572	$481	$1,017	$1,263

(a)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.

(b)In the third quarter 2020, Hurricane Laura caused damages to a southern U.S. factory that supports the Company's specialty coatings and materials business.

(c)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 condensed 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 condensed consolidated statement of income.