Reportable Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Reportable Segment Information [Abstract]

Reportable segment information

	Three Months Ended September 30, 2011
						Global
	Paint Stores		Consumer			Finishes					Consolidated
(Thousands of dollars)	Group		Group			Group		Administrative			Totals
Net external sales	$	1,417,765	$	351,579		$	714,351	$	1,225		$	2,484,920
Intersegment transfers				615,307			8,174		(623,481	)
Total net sales and intersegment transfers	$	1,417,765	$	966,886		$	722,525	$	(622,256	)	$	2,484,920
Segment profit	$	236,886	$	41,023	*	$	43,508				$	321,417
Interest expense								$	(10,452	)		(10,452	)
Administrative expenses and other									(50,689	)		(50,689	)
Income before income taxes	$	236,886	$	41,023		$	43,508	$	(61,141	)	$	260,276

	Three Months Ended September 30, 2010
						Global
	Paint Stores		Consumer			Finishes					Consolidated
	Group		Group			Group		Administrative			Totals
Net external sales	$	1,286,063	$	340,365		$	544,548	$	1,283		$	2,172,259
Intersegment transfers				519,186			4,689		(523,875	)
Total net sales and intersegment transfers	$	1,286,063	$	859,551		$	549,237	$	(522,592	)	$	2,172,259
Segment profit	$	225,079	$	59,699	*	$	31,925				$	316,703
Interest expense								$	(11,310	)		(11,310	)
Administrative expenses and other									(50,014	)		(50,014	)
Income before income taxes	$	225,079	$	59,699		$	31,925	$	(61,324	)	$	255,379

* Segment profit includes $6,446 and $6,787 of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the third quarter of 2011 and 2010, respectively.

	Nine Months Ended September 30, 2011
						Global
	Paint Stores		Consumer			Finishes					Consolidated
	Group		Group			Group		Administrative			Totals
Net external sales	$	3,646,079	$	1,022,143		$	2,023,388	$	3,647		$	6,695,257
Intersegment transfers				1,609,877			20,666		(1,630,543	)
Total net sales and intersegment transfers	$	3,646,079	$	2,632,020		$	2,044,054	$	(1,626,896	)	$	6,695,257
Segment profit	$	512,374	$	143,484	**	$	126,388				$	782,246
Interest expense								$	(32,874	)		(32,874	)
Administrative expenses and other									(137,367	)		(137,367	)
Income before income taxes	$	512,374	$	143,484		$	126,388	$	(170,241	)	$	612,005

	Nine Months Ended September 30, 2010
						Global
	Paint Stores		Consumer			Finishes					Consolidated
	Group		Group			Group		Administrative			Totals
Net external sales	$	3,381,955	$	1,042,731		$	1,452,194	$	3,925		$	5,880,805
Intersegment transfers				1,388,908			13,688		(1,402,596	)
Total net sales and intersegment transfers	$	3,381,955	$	2,431,639		$	1,465,882	$	(1,398,671	)	$	5,880,805
Segment profit	$	484,795	$	177,859	**	$	94,882				$	757,536
Interest expense								$	(49,219	)		(49,219	)
Administrative expenses and other									(134,231	)		(134,231	)
Income before income taxes	$	484,795	$	177,859		$	94,882	$	(183,450	)	$	574,086

** Segment profit includes $18,255 and $17,208 of mark-up on intersegment transfers realized as a result of external sales by the Paint Stores Group during the first nine months of 2011 and 2010, respectively.