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Reportable Segment Information (Tables)
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Reportable Segment Information
(Thousands of dollars)
Three Months Ended March 31, 2018
 
The Americas
Group
 
Consumer Brands
Group
 
Performance
Coatings
Group
 
Administrative
 
Consolidated
Totals
Net external sales
$
2,080,415

 
$
656,379

 
$
1,227,775

 
$
437

 
$
3,965,006

Intersegment transfers
53

 
766,063

 
5,844

 
(771,960
)
 
 
Total net sales and intersegment transfers
$
2,080,468

 
$
1,422,442

 
$
1,233,619

 
$
(771,523
)
 
$
3,965,006

 
 
 
 
 
 
 
 
 
 
Segment profit
$
337,392

 
$
74,228

 
$
90,766

 

 
$
502,386

Interest expense

 
 
 
 
 
$
(91,547
)
 
(91,547
)
Administrative expenses and other
 
 
 
 
 
 
(107,253
)
 
(107,253
)
Income before income taxes
$
337,392

 
$
74,228

 
$
90,766

 
$
(198,800
)
 
$
303,586




 
Three Months Ended March 31, 2017
 
The Americas
Group
 
Consumer Brands
Group
 
Performance
Coatings
Group
 
Administrative
 
Consolidated
Totals
Net external sales
$
1,951,746

 
$
323,366

 
$
484,454

 
$
1,821

 
$
2,761,387

Intersegment transfers
2,340

 
695,838

 
3,799

 
(701,977
)
 
 
Total net sales and intersegment transfers
$
1,954,086

 
$
1,019,204

 
$
488,253

 
$
(700,156
)
 
$
2,761,387

 
 
 
 
 
 
 
 
 
 
Segment profit
$
305,224

 
$
55,914

 
$
57,112

 
 
 
$
418,250

Interest expense

 
 
 
 
 
$
(25,695
)
 
(25,695
)
Administrative expenses and other
 
 
 
 
 
 
(85,950
)
 
(85,950
)
Income before income taxes
$
305,224

 
$
55,914

 
$
57,112

 
$
(111,645
)
 
$
306,605