Analysis of Reportable Segments
Sherwin-Williams Co. operates in 3 segments: Paint Stores Group; Consumer Brands Group; and Performance Coatings Group.
Segment Profit Margin
Sherwin-Williams Co., profit margin by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 22.28% | 19.63% | 20.56% | 22.09% | 20.22% |
| Consumer Brands Group | 3.60% | 3.65% | 5.53% | 8.60% | 5.94% |
| Performance Coatings Group | 14.08% | 10.50% | 7.90% | 9.88% | 7.34% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Paint Stores Group | Paint Stores Group segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
| Consumer Brands Group | Consumer Brands Group segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Performance Coatings Group | Performance Coatings Group segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Paint Stores Group
Sherwin-Williams Co.; Paint Stores Group; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 2,860,800) | 2,348,100) | 2,182,200) | 2,294,100) | 2,056,500) |
| Net sales and intersegment transfers | 12,839,500) | 11,963,300) | 10,616,200) | 10,383,200) | 10,171,900) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 22.28% | 19.63% | 20.56% | 22.09% | 20.22% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales and intersegment transfers
= 100 × 2,860,800 ÷ 12,839,500 = 22.28%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Paint Stores Group | Paint Stores Group segment profit margin ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Segment Profit Margin: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 309,300) | 314,200) | 415,300) | 579,600) | 373,200) |
| Net sales and intersegment transfers | 8,599,600) | 8,603,200) | 7,506,000) | 6,741,800) | 6,283,800) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 3.60% | 3.65% | 5.53% | 8.60% | 5.94% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales and intersegment transfers
= 100 × 309,300 ÷ 8,599,600 = 3.60%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Consumer Brands Group | Consumer Brands Group segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 991,600) | 734,900) | 486,200) | 500,100) | 379,100) |
| Net sales and intersegment transfers | 7,040,900) | 6,997,200) | 6,153,500) | 5,059,500) | 5,165,400) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 14.08% | 10.50% | 7.90% | 9.88% | 7.34% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales and intersegment transfers
= 100 × 991,600 ÷ 7,040,900 = 14.08%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Performance Coatings Group | Performance Coatings Group segment profit margin ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Return on Assets (Segment ROA)
Sherwin-Williams Co., ROA by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 49.79% | 39.98% | 39.67% | 42.59% | 38.09% |
| Consumer Brands Group | 4.66% | 4.66% | 7.85% | 10.76% | 6.66% |
| Performance Coatings Group | 12.00% | 8.86% | 5.80% | 6.20% | 4.64% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Paint Stores Group | Paint Stores Group segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
| Consumer Brands Group | Consumer Brands Group segment ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Performance Coatings Group | Performance Coatings Group segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Paint Stores Group
Sherwin-Williams Co.; Paint Stores Group; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 2,860,800) | 2,348,100) | 2,182,200) | 2,294,100) | 2,056,500) |
| Identifiable assets | 5,745,300) | 5,873,600) | 5,501,300) | 5,386,600) | 5,399,100) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 49.79% | 39.98% | 39.67% | 42.59% | 38.09% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Segment profit ÷ Identifiable assets
= 100 × 2,860,800 ÷ 5,745,300 = 49.79%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Paint Stores Group | Paint Stores Group segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment ROA: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 309,300) | 314,200) | 415,300) | 579,600) | 373,200) |
| Identifiable assets | 6,631,800) | 6,749,600) | 5,287,700) | 5,387,400) | 5,600,800) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 4.66% | 4.66% | 7.85% | 10.76% | 6.66% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Segment profit ÷ Identifiable assets
= 100 × 309,300 ÷ 6,631,800 = 4.66%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Consumer Brands Group | Consumer Brands Group segment ROA deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment ROA: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 991,600) | 734,900) | 486,200) | 500,100) | 379,100) |
| Identifiable assets | 8,266,600) | 8,296,800) | 8,388,600) | 8,071,100) | 8,175,600) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 12.00% | 8.86% | 5.80% | 6.20% | 4.64% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment ROA = 100 × Segment profit ÷ Identifiable assets
= 100 × 991,600 ÷ 8,266,600 = 12.00%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Performance Coatings Group | Performance Coatings Group segment ROA improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover
Sherwin-Williams Co., asset turnover by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 2.23 | 2.04 | 1.93 | 1.93 | 1.88 |
| Consumer Brands Group | 1.30 | 1.27 | 1.42 | 1.25 | 1.12 |
| Performance Coatings Group | 0.85 | 0.84 | 0.73 | 0.63 | 0.63 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Paint Stores Group | Paint Stores Group segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Consumer Brands Group | Consumer Brands Group segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Performance Coatings Group | Performance Coatings Group segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Paint Stores Group
Sherwin-Williams Co.; Paint Stores Group; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales and intersegment transfers | 12,839,500) | 11,963,300) | 10,616,200) | 10,383,200) | 10,171,900) |
| Identifiable assets | 5,745,300) | 5,873,600) | 5,501,300) | 5,386,600) | 5,399,100) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 2.23 | 2.04 | 1.93 | 1.93 | 1.88 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net sales and intersegment transfers ÷ Identifiable assets
= 12,839,500 ÷ 5,745,300 = 2.23
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Paint Stores Group | Paint Stores Group segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Asset Turnover: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales and intersegment transfers | 8,599,600) | 8,603,200) | 7,506,000) | 6,741,800) | 6,283,800) |
| Identifiable assets | 6,631,800) | 6,749,600) | 5,287,700) | 5,387,400) | 5,600,800) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.30 | 1.27 | 1.42 | 1.25 | 1.12 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net sales and intersegment transfers ÷ Identifiable assets
= 8,599,600 ÷ 6,631,800 = 1.30
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Consumer Brands Group | Consumer Brands Group segment asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Asset Turnover: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales and intersegment transfers | 7,040,900) | 6,997,200) | 6,153,500) | 5,059,500) | 5,165,400) |
| Identifiable assets | 8,266,600) | 8,296,800) | 8,388,600) | 8,071,100) | 8,175,600) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.85 | 0.84 | 0.73 | 0.63 | 0.63 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment asset turnover = Net sales and intersegment transfers ÷ Identifiable assets
= 7,040,900 ÷ 8,266,600 = 0.85
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Performance Coatings Group | Performance Coatings Group segment asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation
Sherwin-Williams Co., capital expenditures to depreciation by reportable segment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 1.41 | 1.18 | 1.09 | 0.88 | 1.02 |
| Consumer Brands Group | 2.04 | 2.34 | 1.41 | 1.03 | 1.64 |
| Performance Coatings Group | 1.25 | 1.33 | 1.37 | 0.62 | 1.19 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Paint Stores Group | Paint Stores Group segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Consumer Brands Group | Consumer Brands Group segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. | |
| Performance Coatings Group | Performance Coatings Group segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Paint Stores Group
Sherwin-Williams Co.; Paint Stores Group; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 111,400) | 87,300) | 77,600) | 63,900) | 73,300) |
| Depreciation | 79,000) | 73,900) | 71,300) | 73,000) | 72,200) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.41 | 1.18 | 1.09 | 0.88 | 1.02 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 111,400 ÷ 79,000 = 1.41
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Paint Stores Group | Paint Stores Group segment capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 309,600) | 295,000) | 125,500) | 89,800) | 133,400) |
| Depreciation | 151,400) | 126,200) | 88,800) | 87,600) | 81,100) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.04 | 2.34 | 1.41 | 1.03 | 1.64 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 309,600 ÷ 151,400 = 2.04
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Consumer Brands Group | Consumer Brands Group segment capital expenditures to depreciation ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Segment Capital Expenditures to Depreciation: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 32,600) | 38,700) | 90,800) | 43,000) | 84,200) |
| Depreciation | 26,000) | 29,100) | 66,200) | 69,100) | 70,900) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.25 | 1.33 | 1.37 | 0.62 | 1.19 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 32,600 ÷ 26,000 = 1.25
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Performance Coatings Group | Performance Coatings Group segment capital expenditures to depreciation ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Net sales and intersegment transfers
Sherwin-Williams Co., net sales and intersegment transfers by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 12,839,500) | 11,963,300) | 10,616,200) | 10,383,200) | 10,171,900) |
| Consumer Brands Group | 8,599,600) | 8,603,200) | 7,506,000) | 6,741,800) | 6,283,800) |
| Performance Coatings Group | 7,040,900) | 6,997,200) | 6,153,500) | 5,059,500) | 5,165,400) |
| Administrative | (5,428,100) | (5,414,800) | (4,331,100) | (3,822,800) | (3,720,300) |
| Consolidated totals | 23,051,900) | 22,148,900) | 19,944,600) | 18,361,700) | 17,900,800) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Segment profit
Sherwin-Williams Co., segment profit by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 2,860,800) | 2,348,100) | 2,182,200) | 2,294,100) | 2,056,500) |
| Consumer Brands Group | 309,300) | 314,200) | 415,300) | 579,600) | 373,200) |
| Performance Coatings Group | 991,600) | 734,900) | 486,200) | 500,100) | 379,100) |
| Consolidated totals | 4,161,700) | 3,397,200) | 3,083,700) | 3,373,800) | 2,808,800) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Identifiable assets
Sherwin-Williams Co., identifiable assets by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 5,745,300) | 5,873,600) | 5,501,300) | 5,386,600) | 5,399,100) |
| Consumer Brands Group | 6,631,800) | 6,749,600) | 5,287,700) | 5,387,400) | 5,600,800) |
| Performance Coatings Group | 8,266,600) | 8,296,800) | 8,388,600) | 8,071,100) | 8,175,600) |
| Administrative | 2,310,700) | 1,674,000) | 1,489,100) | 1,556,500) | 1,320,700) |
| Consolidated totals | 22,954,400) | 22,594,000) | 20,666,700) | 20,401,600) | 20,496,200) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Capital expenditures
Sherwin-Williams Co., capital expenditures by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 111,400) | 87,300) | 77,600) | 63,900) | 73,300) |
| Consumer Brands Group | 309,600) | 295,000) | 125,500) | 89,800) | 133,400) |
| Performance Coatings Group | 32,600) | 38,700) | 90,800) | 43,000) | 84,200) |
| Administrative | 434,800) | 223,500) | 78,100) | 107,100) | 38,000) |
| Consolidated totals | 888,400) | 644,500) | 372,000) | 303,800) | 328,900) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Depreciation
Sherwin-Williams Co., depreciation by reportable segment
US$ in thousands
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Paint Stores Group | 79,000) | 73,900) | 71,300) | 73,000) | 72,200) |
| Consumer Brands Group | 151,400) | 126,200) | 88,800) | 87,600) | 81,100) |
| Performance Coatings Group | 26,000) | 29,100) | 66,200) | 69,100) | 70,900) |
| Administrative | 35,900) | 34,800) | 36,800) | 38,300) | 37,900) |
| Consolidated totals | 292,300) | 264,000) | 263,100) | 268,000) | 262,100) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).