XML 15 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Sep. 30, 2010
Current assets:   
Cash and cash equivalents$ 46,026$ 58,585$ 64,948
Accounts receivable, less allowance1,173,581916,6611,069,890
Inventories:   
Finished goods743,191743,953713,343
Work in process and raw materials223,565173,748145,645
Total Inventory966,756917,701858,988
Deferred income taxes127,090127,348121,438
Other current assets195,940193,427209,838
Total current assets2,509,3932,213,7222,325,102
Goodwill1,106,6541,102,4581,085,703
Intangible assets316,476320,504339,188
Deferred pension assets264,293248,333250,679
Other assets353,837332,100267,131
Property, plant and equipment:   
Land106,322106,10194,872
Buildings671,188668,506662,150
Machinery and equipment1,643,6231,617,5301,641,788
Construction in progress46,01934,03826,840
Total gross property, plant and equipment2,467,1522,426,1752,425,650
Less allowances for depreciation1,527,6661,474,0571,512,770
Total net property, plant and equipment939,486952,118912,880
Total Assets5,490,1395,169,2355,180,683
Current liabilities:   
Short-term borrowings517,499388,592354,556
Accounts payable996,734909,649927,616
Compensation and taxes withheld234,878253,247233,771
Accrued taxes142,71762,547139,956
Current portion of long-term debt10,0847,8756,314
Other accruals452,817442,030462,888
Total current liabilities2,354,7292,063,9402,125,101
Long-term debt641,257648,326705,472
Postretirement benefits other than pensions297,200295,896285,104
Other long-term liabilities547,026551,633421,870
Shareholders' equity:   
Common stock - $1.00 par value: 103,760,672, 107,020,728 and 107,934,798 shares outstanding at September 30, 2011, December 31, 2010 and September 30, 2010, respectively106,901231,346230,731
Preferred stock - convertible, no par value: 175,737, 216,753 and 216,753 shares outstanding at September 30, 2011, December 31, 2010 and September 30, 2010, respectively175,737216,753216,753
Unearned ESOP compensation(175,737)(216,753)(216,753)
Other capital1,304,5031,222,9091,182,805
Retained earnings779,5094,824,4894,790,309
Treasury stock, at cost(237,752)(4,390,983)(4,268,545)
Cumulative other comprehensive loss(317,859)(278,321)(292,164)
The Sherwin-Williams Company shareholders' equity1,635,3021,609,4401,643,136
Noncontrolling interest14,62500
Total shareholders' equity1,649,9271,609,4401,643,136
Total Liabilities and Shareholders' Equity$ 5,490,139$ 5,169,235$ 5,180,683