Reportable Segment Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Reportable segment information

(Thousands of dollars)	Three Months Ended September 30, 2016
	Paint Stores Group		Consumer Group		Global Finishes Group		Latin America Coatings Group		Administrative			Consolidated Totals
Net external sales	$	2,227,891	$	412,901	$	480,743	$	156,637	$	1,290		$	3,279,462
Intersegment transfers			760,594		2,954		10,348		(773,896		)
Total net sales and intersegment transfers	$	2,227,891	$	1,173,495	$	483,697	$	166,985	$	(772,606	)	$	3,279,462
Segment profit	$	518,309	$	92,047	$	63,169	$	974				$	674,499
Interest expense									$	(44,100	)	(44,100		)
Administrative expenses and other									(94,779		)	(94,779		)
Income before income taxes	$	518,309	$	92,047	$	63,169	$	974	$	(138,879	)	$	535,620

	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

	Nine Months Ended September 30, 2016
	Paint Stores Group		Consumer Group		Global Finishes Group		Latin America Coatings  Group			Administrative			Consolidated Totals
Net external sales	$	5,951,457	$	1,268,502	$	1,434,065	$	415,131		$	3,856		$	9,073,011
Intersegment transfers			2,138,180		10,935		29,001			(2,178,116		)
Total net sales and intersegment transfers	$	5,951,457	$	3,406,682	$	1,445,000	$	444,132		$	(2,174,260	)	$	9,073,011
Segment profit	$	1,280,833	$	264,306	$	176,990	$	(9,597	)				$	1,712,532
Interest expense										$	(110,710	)	(110,710		)
Administrative expenses and other										(310,623		)	(310,623		)
Income before income taxes	$	1,280,833	$	264,306	$	176,990	$	(9,597	)	$	(421,333	)	$	1,291,199

	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