Reportable Segment Information (Tables)

6 Months Ended

Jun. 30, 2011

Reportable Segment Information [Abstract]

Reportable segment information

(Thousands of dollars)
	Three Months Ended June 30, 2011
						Global Finishes
	Paint Stores Group		Consumer Group			Group		Administrative			Consolidated Totals
Net external sales	$	1,299,047	$	375,634		$	678,871	$	1,199		$	2,354,751
Intersegment transfers				576,422			6,621		(583,043	)
Total net sales and intersegment transfers	$	1,299,047	$	952,056		$	685,492	$	(581,844	)	$	2,354,751
Segment profit	$	206,631	$	61,371	*	$	46,070				$	314,072
Interest expense								$	(11,747	)		(11,747	)
Administrative expenses and other									(45,309	)		(45,309	)
Income before income taxes	$	206,631	$	61,371		$	46,070	$	(57,056	)	$	257,016
	Three Months Ended June 30, 2010
						Global Finishes
	Paint Stores Group		Consumer Group			Group		Administrative			Consolidated Totals
Net external sales	$	1,244,979	$	410,216		$	486,547	$	1,322		$	2,143,064
Intersegment transfers				515,886			4,542		(520,428	)
Total net sales and intersegment transfers	$	1,244,979	$	926,102		$	491,089	$	(519,106	)	$	2,143,064
Segment profit	$	211,959	$	80,694	*	$	39,954				$	332,607
Interest expense								$	(26,340	)		(26,340	)
Administrative expenses and other									(47,019	)		(47,019	)
Income before income taxes	$	211,959	$	80,694		$	39,954	$	(73,359	)	$	259,248

* Segment profit includes $6,861 and $6,402 of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the second quarter of 2011 and 2010, respectively.

	Six Months Ended June 30, 2011
						Global Finishes
	Paint Stores Group		Consumer Group			Group		Administrative			Consolidated Totals
Net external sales	$	2,228,314	$	670,564		$	1,309,037	$	2,422		$	4,210,337
Intersegment transfers				994,570			12,492		(1,007,062	)
Total net sales and intersegment transfers	$	2,228,314	$	1,665,134		$	1,321,529	$	(1,004,640	)	$	4,210,337
Segment profit	$	275,488	$	102,462	**	$	82,880				$	460,830
Interest expense								$	(22,422	)		(22,422	)
Administrative expenses and other									(86,679	)		(86,679	)
Income before income taxes	$	275,488	$	102,462		$	82,880	$	(109,101	)	$	351,729

	Six Months Ended June 30, 2010
						Global Finishes
	Paint Stores Group		Consumer Group			Group		Administrative			Consolidated Totals
Net external sales	$	2,095,892	$	702,365		$	907,646	$	2,643		$	3,708,546
Intersegment transfers				869,722			8,999		(878,721	)
Total net sales and intersegment transfers	$	2,095,892	$	1,572,087		$	916,645	$	(876,078	)	$	3,708,546
Segment profit	$	259,715	$	118,159	**	$	62,956				$	440,830
Interest expense								$	(37,909	)		(37,909	)
Administrative expenses and other									(84,214	)		(84,214	)
Income before income taxes	$	259,715	$	118,159		$	62,956	$	(122,123	)	$	318,707

** Segment profit includes $11,809 and $10,421 of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the first six months of 2011 and 2010, respectively.