Reportable Segment Information (Tables)

12 Months Ended

Dec. 31, 2013



(millions of dollars)	2013
	Paint Stores Group			Consumer Group				Global Finishes Group			Latin America Coatings Group			Administrative				Consolidated Totals
Net external sales	$	6,002		$	1,342			$	2,005		$	832		$	5			$	10,186
Intersegment transfers				2,409				9			39			(2,457		)
Total net sales and intersegment transfers	$	6,002		$	3,751			$	2,014		$	871		$	(2,452	)		$	10,186
Segment profit	$	991		$	242		⁽¹⁾	$	170		$	39						$	1,442
Interest expense														$	(63	)		(63		)
Administrative expenses and other														(293		)		(293		)
Income before income taxes	$	991		$	242			$	170		$	39		$	(356	)		$	1,086
Reportable segment margins	16.5		%	6.5		%		8.4		%	4.5		%
Identifiable assets	$	1,668		$	1,762			$	964		$	485		$	1,504			$	6,383
Capital expenditures	73			40				15			7			32				167
Depreciation	55			45				29			10			20				159

	2012
	Paint Stores Group			Consumer Group				Global Finishes Group			Latin America Coatings Group			Administrative				Consolidated Totals
Net external sales	$	5,410		$	1,322			$	1,961		$	836		$	5			$	9,534
Intersegment transfers				2,320				7			47			(2,374		)
Total net sales and intersegment transfers	$	5,410		$	3,642			$	1,968		$	883		$	(2,369	)		$	9,534
Segment profit	$	862		$	217		⁽¹⁾	$	147		$	81						$	1,307
Interest expense														$	(43	)		(43		)
Administrative expenses and other														(357		)	⁽²⁾	(357		)
Income before income taxes	$	862		$	217			$	147		$	81		$	(400	)		$	907
Reportable segment margins	15.9		%	6.0		%		7.5		%	9.2		%
Identifiable assets	$	1,374		$	1,701			$	987		$	485		$	1,688			$	6,235
Capital expenditures	67			47				14			9			20				157
Depreciation	49			43				30			10			20				152

	2011
	Paint Stores Group			Consumer Group				Global Finishes Group			Latin America Coatings Group			Administrative				Consolidated Totals
Net external sales	$	4,780		$	1,274			$	1,878		$	828		$	6			$	8,766
Intersegment transfers				2,091				9			39			(2,139		)
Total net sales and intersegment transfers	$	4,780		$	3,365			$	1,887		$	867		$	(2,133	)		$	8,766
Segment profit	$	646		$	174		⁽¹⁾	$	90		$	75						$	985
Interest expense														$	(42	)		(42		)
Administrative expenses and other														(201		)		(201		)
Income before income taxes	$	646		$	174			$	90		$	75		$	(243	)		$	742
Reportable segment margins	13.5		%	5.2		%		4.8		%	8.7		%
Identifiable assets	$	1,309		$	1,682			$	939		$	469		$	830			$	5,229
Capital expenditures	50			35				14			14			41				154
Depreciation	48			43				31			11			18				151


⁽¹⁾	Segment profit included $30, $27 and $24 of mark-up on intersegment transfers realized primarily as a result of external sales by the Paint Stores Group during 2013, 2012 and 2011, respectively.


⁽²⁾	Includes $80 pre-tax charge related to DOL Settlement. See Note 9.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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