Reportable Segment Information (Tables)

6 Months Ended

Jun. 30, 2014



(Thousands of dollars)	Three Months Ended June 30, 2014
	Paint Stores Group		Consumer Group			Global Finishes Group		Latin America Coatings Group		Administrative			Consolidated Totals
Net external sales	$	1,882,592	$	433,356		$	544,597	$	181,221	$	1,229		$	3,042,995
Intersegment transfers			766,080			2,202		9,927		(778,209		)
Total net sales and intersegment transfers	$	1,882,592	$	1,199,436		$	546,799	$	191,148	$	(776,980	)	$	3,042,995

Segment profit	$	375,857	$	92,488	⁽¹⁾	$	54,865	$	5,660				$	528,870
Interest expense										$	(16,374	)	(16,374		)
Administrative expenses and other										(83,266		)	(83,266		)
Income before income taxes	$	375,857	$	92,488		$	54,865	$	5,660	$	(99,640	)	$	429,230



	Three Months Ended June 30, 2013
	Paint Stores Group		Consumer Group			Global Finishes Group		Latin America Coatings Group		Administrative			Consolidated Totals
Net external sales	$	1,606,509	$	393,660		$	513,524	$	198,991	$	1,205		$	2,713,889
Intersegment transfers			658,202			3,740		9,691		(671,633		)
Total net sales and intersegment transfers	$	1,606,509	$	1,051,862		$	517,264	$	208,682	$	(670,428	)	$	2,713,889

Segment profit	$	332,972	$	79,042	⁽¹⁾	$	54,462	$	856				$	467,332
Interest expense										$	(15,069	)	(15,069		)
Administrative expenses and other										(71,379		)	(71,379		)
Income before income taxes	$	332,972	$	79,042		$	54,462	$	856	$	(86,448	)	$	380,884

⁽¹⁾ Segment profit includes $8,891 and $8,108 of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the second quarter of 2014 and 2013, respectively.



	Six Months Ended June 30, 2014
	Paint Stores Group		Consumer Group			Global Finishes Group		Latin America Coatings Group		Administrative			Consolidated Totals
Net external sales	$	3,242,595	$	758,655		$	1,042,236	$	363,609	$	2,456		$	5,409,551
Intersegment transfers			1,312,642			3,615		20,049		(1,336,306		)
Total net sales and intersegment transfers	$	3,242,595	$	2,071,297		$	1,045,851	$	383,658	$	(1,333,850	)	$	5,409,551

Segment profit	$	522,122	$	143,576	⁽²⁾	$	101,342	$	15,647				$	782,687
Interest expense										$	(32,768	)	(32,768		)
Administrative expenses and other										(154,612		)	(154,612		)
Income before income taxes	$	522,122	$	143,576		$	101,342	$	15,647	$	(187,380	)	$	595,307

- 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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