Reportable Segment Information (Tables)

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Reportable segment information

(Thousands of dollars)	Three Months Ended September 30, 2015
	Paint Stores Group		Consumer Group		Global Finishes Group		Latin America Coatings Group		Administrative			Consolidated Totals
Net external sales	$	2,087,263	$	421,633	$	486,133	$	156,019	$	1,237		$	3,152,285
Intersegment transfers			760,376		682		10,041		(771,099		)
Total net sales and intersegment transfers	$	2,087,263	$	1,182,009	$	486,815	$	166,060	$	(769,862	)	$	3,152,285
Segment profit	$	507,411	$	88,273	$	55,133	$	2,145				$	652,962
Interest expense									$	(16,995	)	(16,995		)
Administrative expenses and other									(85,245		)	(85,245		)
Income before income taxes	$	507,411	$	88,273	$	55,133	$	2,145	$	(102,240	)	$	550,722

	Three Months Ended September 30, 2014
	Paint Stores Group		Consumer Group		Global Finishes Group		Latin America Coatings Group		Administrative			Consolidated Totals
Net external sales	$	2,027,485	$	385,238	$	536,261	$	200,367	$	1,219		$	3,150,570
Intersegment transfers			802,249		2,097		10,297		(814,643		)
Total net sales and intersegment transfers	$	2,027,485	$	1,187,487	$	538,358	$	210,664	$	(813,424	)	$	3,150,570
Segment profit	$	431,840	$	78,956	$	60,751	$	11,792				$	583,339
Interest expense									$	(16,025	)	(16,025		)
Administrative expenses and other									(93,266		)	(93,266		)
Income before income taxes	$	431,840	$	78,956	$	60,751	$	11,792	$	(109,291	)	$	474,048

	Nine Months Ended September 30, 2015
	Paint Stores Group		Consumer Group		Global Finishes Group		Latin America Coatings  Group		Administrative			Consolidated Totals
Net external sales	$	5,533,753	$	1,263,365	$	1,461,456	$	472,318	$	3,816		$	8,734,708
Intersegment transfers			2,136,577		3,643		30,594		(2,170,814		)
Total net sales and intersegment transfers	$	5,533,753	$	3,399,942	$	1,465,099	$	502,912	$	(2,166,998	)	$	8,734,708
Segment profit	$	1,117,368	$	257,926	$	151,301	$	15,676				$	1,542,271
Interest expense									$	(42,231	)	(42,231		)
Administrative expenses and other									(248,295		)	(248,295		)
Income before income taxes	$	1,117,368	$	257,926	$	151,301	$	15,676	$	(290,526	)	$	1,251,745

	Nine Months Ended September 30, 2014
	Paint Stores Group		Consumer Group		Global Finishes Group		Latin America Coatings  Group		Administrative			Consolidated Totals
Net external sales	$	5,270,080	$	1,143,893	$	1,578,497	$	563,975	$	3,676		$	8,560,121
Intersegment transfers			2,114,891		5,712		30,346		(2,150,949		)
Total net sales and intersegment transfers	$	5,270,080	$	3,258,784	$	1,584,209	$	594,321	$	(2,147,273	)	$	8,560,121
Segment profit	$	953,962	$	222,532	$	162,093	$	27,439				$	1,366,026
Interest expense									$	(48,793	)	(48,793		)
Administrative expenses and other									(247,878		)	(247,878		)
Income before income taxes	$	953,962	$	222,532	$	162,093	$	27,439	$	(296,671	)	$	1,069,355