Reportable Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Reportable segment information

(millions of dollars)	2014
	Paint Stores Group			Consumer Group			Global Finishes Group			Latin America Coatings Group			Administrative				Consolidated Totals
Net external sales	$	6,852		$	1,421		$	2,081		$	771		$	5			$	11,130
Intersegment transfers				2,745			8			40			(2,793		)
Total net sales and intersegment transfers	$	6,852		$	4,166		$	2,089		$	811		$	(2,788	)		$	11,130
Segment profit	$	1,201		$	253		$	201		$	40						$	1,695
Interest expense													$	(64	)		(64		)
Administrative expenses and other													(373		)		(373		)
Income before income taxes	$	1,201		$	253		$	201		$	40		$	(437	)		$	1,258
Reportable segment margins	17.5		%	6.1		%	9.6		%	4.9		%
Identifiable assets	$	1,602		$	1,883		$	874		$	427		$	920			$	5,706
Capital expenditures	87			45			16			8			45				201
Depreciation	58			48			28			9			26				169
	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		$	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		$	147		$	81						$	1,307
Interest expense													$	(43	)		(43		)
Administrative expenses and other													(357		)	(1)	(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

⁽¹⁾  Includes $80 pre-tax charge related to DOL Settlement. See Note 9.