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Reportable Segment Information (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Reportable segment information
(Thousands of dollars)
Three Months Ended March 31, 2014
 
Paint Stores
Group
 
Consumer
Group
 
Global
Finishes
Group
 
Latin America
Coatings
Group
 
Administrative
 
Consolidated
Totals
Net external sales
$
1,360,003

 
$
325,299

 
$
497,639

 
$
182,388

 
$
1,227

 
$
2,366,556

Intersegment transfers
 
 
546,562

 
1,413

 
10,122

 
(558,097
)
 
 
Total net sales and intersegment transfers
$
1,360,003

 
$
871,861

 
$
499,052

 
$
192,510

 
$
(556,870
)
 
$
2,366,556

 
 
 
 
 
 
 
 
 
 
 
 
Segment profit
$
146,265

 
$
51,088

(1) 
$
46,477

 
$
9,987

 
 
 
$
253,817

Interest expense
 
 
 
 
 
 
 
 
$
(16,394
)
 
(16,394
)
Administrative expenses and other
 
 
 
 
 
 
 
 
(71,346
)
 
(71,346
)
Income before income taxes
$
146,265

 
$
51,088

 
$
46,477

 
$
9,987

 
$
(87,740
)
 
$
166,077

 
Three Months Ended March 31, 2013
 
Paint Stores
Group
 
Consumer
Group
 
Global
Finishes
Group
 
Latin America
Coatings
Group
 
Administrative
 
Consolidated
Totals
Net external sales
$
1,167,937

 
$
308,580

 
$
486,818

 
$
202,636

 
$
1,197

 
$
2,167,168

Intersegment transfers
 
 
507,704

 
1,291

 
10,221

 
(519,216
)
 
 
Total net sales and intersegment transfers
$
1,167,937

 
$
816,284

 
$
488,109

 
$
212,857

 
$
(518,019
)
 
$
2,167,168

 
 
 
 
 
 
 
 
 
 
 
 
Segment profit
$
129,713

 
$
53,972

(1) 
$
33,931

 
$
20,839

 
 
 
$
238,455

Interest expense
 
 
 
 
 
 
 
 
$
(15,311
)
 
(15,311
)
Administrative expenses and other
 
 
 
 
 
 
 
 
(54,760
)
 
(54,760
)
Income before income taxes
$
129,713

 
$
53,972

 
$
33,931

 
$
20,839

 
$
(70,071
)
 
$
168,384

(1) Segment profit includes $6,434 and $6,170 of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the first quarter of 2014 and 2013, respectively.