v3.26.3
REPORTABLE SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
REPORTABLE SEGMENT INFORMATION REPORTABLE SEGMENT INFORMATION
The Company reports its segment information in the same way that management internally organizes its business for assessing performance and making decisions regarding the allocation of resources in accordance with the Segment Reporting Topic of the ASC. The Company determined it has three reportable segments: Paint Stores Group, Consumer Brands Group and Performance Coatings Group (individually, a Reportable Segment and collectively, the Reportable Segments). In the reportable segment financial information, segment profit represents each segment’s Income before income taxes.
Three Months Ended September 30, 2026
Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
Net sales$4,015.8 $937.4 $1,903.3 $3.5 $6,860.0 
Intersegment transfers— 1,551.4 12.9 (1,564.3)— 
Total net sales and intersegment transfers4,015.8 2,488.8 1,916.2 (1,560.8)6,860.0 
Cost of goods sold1,800.5 2,076.3 1,270.7 (1,564.7)3,582.8 
Selling, general and administrative expenses1,241.4 255.4 384.2 188.1 2,069.1 
Interest expense— — — 139.3 139.3 
Other segment items (1)
(0.4)10.9 6.1 (11.3)5.3 
Income before income taxes$974.3 $146.2 $255.2 $(312.2)$1,063.5 
Percent to Net sales24.3%15.6%13.4%nm15.5%
Supplemental Information:
Capital expenditures$34.6 $48.1 $36.0 $10.0 $128.7 
Depreciation (2)
22.7 54.8 5.1 16.6 99.2 
Amortization (3)
2.7 21.6 63.9 0.1 88.3 
nm - not meaningful
(1)    Other segment items includes Other general expense (income) - net, Interest income and Other expense (income) - net. See Note 15 for further information.
(2)    Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses.
(3)    Amortization is recorded within Selling, general and administrative expenses.
Three Months Ended September 30, 2025
Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
Net sales$3,836.8 $770.1 $1,750.0 $1.3 $6,358.2 
Intersegment transfers— 1,463.1 5.7 (1,468.8)— 
Total net sales and intersegment transfers3,836.8 2,233.2 1,755.7 (1,467.5)6,358.2 
Cost of good sold1,698.8 1,858.5 1,157.2 (1,481.8)3,232.7 
Selling, general and administrative expenses1,189.5 211.8 358.1 193.4 1,952.8 
Interest expense— (0.1)— 117.3 117.2 
Other segment items (1)
(5.8)5.7 0.1 (5.0)(5.0)
Income before income taxes $954.3 $157.3 $240.3 $(291.4)$1,060.5 
Percent to Net sales24.9%20.4%13.7%nm16.7%
Supplemental Information:
Capital expenditures$31.4 $51.7 $11.7 $101.6 $196.4 
Depreciation (2)
23.2 45.6 4.4 9.6 82.8 
Amortization (3)
2.4 17.0 64.5 0.2 84.1 
nm - not meaningful
(1)    Other segment items includes Other general expense (income) - net, Interest income and Other expense (income) - net. See Note 15 for further information.
(2)    Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses.
(3)     Amortization is recorded within Selling, general and administrative expenses.
Nine Months Ended September 30, 2026
Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
Net sales$10,955.7 $2,829.2 $5,522.9 $8.4 $19,316.2 
Intersegment transfers— 4,384.9 41.6 (4,426.5)— 
Total net sales and intersegment transfers10,955.7 7,214.1 5,564.5 (4,418.1)19,316.2 
Cost of goods sold4,827.9 5,887.4 3,636.4 (4,431.2)9,920.5 
Selling, general and administrative expenses3,635.4 766.7 1,165.8 574.5 6,142.4 
Interest expense— — — 406.8 406.8 
Other segment items (1)
1.7 3.7 1.4 (16.1)(9.3)
Income before income taxes $2,490.7 $556.3 $760.9 $(952.1)$2,855.8 
Percent to Net sales22.7%19.7%13.8%nm14.8%
Supplemental Information:
Capital expenditures$78.5 $153.5 $45.5 $97.9 $375.4 
Depreciation (2)
69.4 162.1 15.1 49.4 296.0 
Amortization (3)
7.6 63.4 193.3 0.4 264.7 
nm - not meaningful
(1)    Other segment items includes Other general expense (income) - net, Interest income and Other expense (income) - net. See Note 15 for further information.
(2)    Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses.
(3)    Amortization is recorded within Selling, general and administrative expenses.
Nine Months Ended September 30, 2025
Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
Net sales$10,478.8 $2,341.7 $5,153.1 $4.8 $17,978.4 
Intersegment transfers— 4,151.9 19.4 (4,171.3)— 
Total net sales and intersegment transfers10,478.8 6,493.6 5,172.5 (4,166.5)17,978.4 
Cost of goods sold4,620.9 5,377.5 3,374.9 (4,197.8)9,175.5 
Selling, general and administrative expenses3,456.2 648.6 1,087.8 565.6 5,758.2 
Interest expense— — — 333.4 333.4 
Other segment items (1)
(10.3)14.1 11.7 (3.4)12.1 
Income before income taxes $2,412.0 $453.4 $698.1 $(864.3)$2,699.2 
Percent to Net sales23.0%19.4%13.5%nm15.0%
Supplemental Information:
Capital expenditures$92.8 $190.9 $37.9 $245.6 $567.2 
Depreciation (2)
67.3 133.6 13.8 27.3 242.0 
Amortization (3)
3.2 50.8 193.8 0.7 248.5 
nm - not meaningful
(1)    Other segment items includes Other general expense (income) - net, Interest income and Other expense (income) - net. See Note 15 for further information.
(2)    Depreciation is recorded within Cost of goods sold and Selling, general and administrative expenses.
(3)    Amortization is recorded within Selling, general and administrative expenses.
Net sales of all consolidated foreign subsidiaries were $1.366 billion and $1.135 billion for the three months ended September 30, 2026 and 2025, respectively. Net sales of all consolidated foreign subsidiaries were $4.003 billion and $3.335 billion for the nine months ended September 30, 2026 and 2025, respectively. Long-lived assets of these subsidiaries totaled $4.724 billion and $4.995 billion at September 30, 2026 and 2025, respectively. Domestic operations accounted for the remaining Net sales and long-lived assets. No single geographic area outside the United States was significant relative to consolidated Net sales, Income before income taxes or long-lived assets. Export sales and sales to any individual customer were each less than 10 percent of consolidated Net sales in 2026 and 2025.
The following table presents identifiable assets for each of the Company’s Reportable Segments:
Paint
Stores
Group		Consumer
Brands
Group		Performance
Coatings
Group		AdministrativeConsolidated
Totals
September 30, 2026$6,874.1 $8,391.4 $7,893.6 $3,802.3 $26,961.4 
December 31, 20256,378.6 8,025.5 7,859.5 3,638.1 25,901.7 
September 30, 20256,608.6 6,964.1 7,990.0 4,643.7 26,206.4 
For further information on the Company’s Reportable Segments, see Note 22 to the Consolidated Financial Statements in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.