Analysis of Reportable Segments
Sherwin-Williams Co. operates in 3 segments: The Americas Group; Consumer Brands Group; and Performance Coatings Group.
Segment Profit Margin
Sherwin-Williams Co., profit margin by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 19.96% | 22.09% | 20.22% | 19.72% | 19.39% |
| Consumer Brands Group | 5.02% | 8.60% | 5.94% | 4.21% | 4.25% |
| Performance Coatings Group | 7.90% | 9.88% | 7.34% | 8.71% | 8.02% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | The Americas Group | The Americas Group segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
| Consumer Brands Group | Consumer Brands Group segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. | |
| Performance Coatings Group | Performance Coatings Group segment profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Segment Profit Margin: The Americas Group
Sherwin-Williams Co.; The Americas Group; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 2,239,100) | 2,294,100) | 2,056,500) | 1,898,400) | 1,769,000) |
| Net sales and intersegment transfers | 11,217,000) | 10,383,200) | 10,171,900) | 9,625,600) | 9,123,300) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 19.96% | 22.09% | 20.22% | 19.72% | 19.39% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales and intersegment transfers
= 100 × 2,239,100 ÷ 11,217,000 = 19.96%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | The Americas Group | The Americas Group segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Segment Profit Margin: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 358,400) | 579,600) | 373,200) | 261,100) | 226,000) |
| Net sales and intersegment transfers | 7,133,400) | 6,741,800) | 6,283,800) | 6,199,300) | 5,316,800) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 5.02% | 8.60% | 5.94% | 4.21% | 4.25% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales and intersegment transfers
= 100 × 358,400 ÷ 7,133,400 = 5.02%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Consumer Brands Group | Consumer Brands Group segment profit margin ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021. |
Segment Profit Margin: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment profit margin calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 486,200) | 500,100) | 379,100) | 452,100) | 299,000) |
| Net sales and intersegment transfers | 6,153,500) | 5,059,500) | 5,165,400) | 5,188,800) | 3,728,500) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 7.90% | 9.88% | 7.34% | 8.71% | 8.02% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment profit margin = 100 × Segment profit ÷ Net sales and intersegment transfers
= 100 × 486,200 ÷ 6,153,500 = 7.90%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Performance Coatings Group | Performance Coatings Group segment profit margin ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Segment Return on Assets (Segment ROA)
Sherwin-Williams Co., ROA by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 39.79% | 42.59% | 38.09% | 46.63% | 40.58% |
| Consumer Brands Group | 6.94% | 10.76% | 6.66% | 4.85% | 3.87% |
| Performance Coatings Group | 5.80% | 6.20% | 4.64% | 5.30% | 3.60% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | The Americas Group | The Americas Group segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
| Consumer Brands Group | Consumer Brands Group segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. | |
| Performance Coatings Group | Performance Coatings Group segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment ROA: The Americas Group
Sherwin-Williams Co.; The Americas Group; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 2,239,100) | 2,294,100) | 2,056,500) | 1,898,400) | 1,769,000) |
| Identifiable assets | 5,627,900) | 5,386,600) | 5,399,100) | 4,070,900) | 4,359,000) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 39.79% | 42.59% | 38.09% | 46.63% | 40.58% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment ROA = 100 × Segment profit ÷ Identifiable assets
= 100 × 2,239,100 ÷ 5,627,900 = 39.79%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | The Americas Group | The Americas Group segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Segment ROA: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 358,400) | 579,600) | 373,200) | 261,100) | 226,000) |
| Identifiable assets | 5,161,100) | 5,387,400) | 5,600,800) | 5,385,300) | 5,839,000) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 6.94% | 10.76% | 6.66% | 4.85% | 3.87% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment ROA = 100 × Segment profit ÷ Identifiable assets
= 100 × 358,400 ÷ 5,161,100 = 6.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Consumer Brands Group | Consumer Brands Group segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021 not reaching 2019 level. |
Segment ROA: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment ROA calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Segment profit | 486,200) | 500,100) | 379,100) | 452,100) | 299,000) |
| Identifiable assets | 8,388,600) | 8,071,100) | 8,175,600) | 8,535,200) | 8,300,000) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 5.80% | 6.20% | 4.64% | 5.30% | 3.60% |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment ROA = 100 × Segment profit ÷ Identifiable assets
= 100 × 486,200 ÷ 8,388,600 = 5.80%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Performance Coatings Group | Performance Coatings Group segment ROA improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021. |
Segment Asset Turnover
Sherwin-Williams Co., asset turnover by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 1.99 | 1.93 | 1.88 | 2.36 | 2.09 |
| Consumer Brands Group | 1.38 | 1.25 | 1.12 | 1.15 | 0.91 |
| Performance Coatings Group | 0.73 | 0.63 | 0.63 | 0.61 | 0.45 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | The Americas Group | The Americas Group segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Consumer Brands Group | Consumer Brands Group segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. | |
| Performance Coatings Group | Performance Coatings Group segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Asset Turnover: The Americas Group
Sherwin-Williams Co.; The Americas Group; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales and intersegment transfers | 11,217,000) | 10,383,200) | 10,171,900) | 9,625,600) | 9,123,300) |
| Identifiable assets | 5,627,900) | 5,386,600) | 5,399,100) | 4,070,900) | 4,359,000) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.99 | 1.93 | 1.88 | 2.36 | 2.09 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment asset turnover = Net sales and intersegment transfers ÷ Identifiable assets
= 11,217,000 ÷ 5,627,900 = 1.99
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | The Americas Group | The Americas Group segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Asset Turnover: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales and intersegment transfers | 7,133,400) | 6,741,800) | 6,283,800) | 6,199,300) | 5,316,800) |
| Identifiable assets | 5,161,100) | 5,387,400) | 5,600,800) | 5,385,300) | 5,839,000) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.38 | 1.25 | 1.12 | 1.15 | 0.91 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment asset turnover = Net sales and intersegment transfers ÷ Identifiable assets
= 7,133,400 ÷ 5,161,100 = 1.38
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Consumer Brands Group | Consumer Brands Group segment asset turnover ratio improved from 2019 to 2020 and from 2020 to 2021. |
Segment Asset Turnover: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Net sales and intersegment transfers | 6,153,500) | 5,059,500) | 5,165,400) | 5,188,800) | 3,728,500) |
| Identifiable assets | 8,388,600) | 8,071,100) | 8,175,600) | 8,535,200) | 8,300,000) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.73 | 0.63 | 0.63 | 0.61 | 0.45 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment asset turnover = Net sales and intersegment transfers ÷ Identifiable assets
= 6,153,500 ÷ 8,388,600 = 0.73
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Performance Coatings Group | Performance Coatings Group segment asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Capital Expenditures to Depreciation
Sherwin-Williams Co., capital expenditures to depreciation by reportable segment
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 1.08 | 0.88 | 1.02 | 0.96 | 0.92 |
| Consumer Brands Group | 1.43 | 1.03 | 1.64 | 1.08 | 1.04 |
| Performance Coatings Group | 1.37 | 0.62 | 1.19 | 0.78 | 0.53 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | The Americas Group | The Americas Group segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Consumer Brands Group | Consumer Brands Group segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. | |
| Performance Coatings Group | Performance Coatings Group segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Capital Expenditures to Depreciation: The Americas Group
Sherwin-Williams Co.; The Americas Group; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 79,200) | 63,900) | 73,300) | 69,500) | 69,200) |
| Depreciation | 73,400) | 73,000) | 72,200) | 72,300) | 75,000) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.08 | 0.88 | 1.02 | 0.96 | 0.92 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 79,200 ÷ 73,400 = 1.08
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | The Americas Group | The Americas Group segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Segment Capital Expenditures to Depreciation: Consumer Brands Group
Sherwin-Williams Co.; Consumer Brands Group; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 123,900) | 89,800) | 133,400) | 95,700) | 95,100) |
| Depreciation | 86,700) | 87,600) | 81,100) | 88,800) | 91,800) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.43 | 1.03 | 1.64 | 1.08 | 1.04 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 123,900 ÷ 86,700 = 1.43
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Consumer Brands Group | Consumer Brands Group segment capital expenditures to depreciation ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Segment Capital Expenditures to Depreciation: Performance Coatings Group
Sherwin-Williams Co.; Performance Coatings Group; segment capital expenditures to depreciation calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Capital expenditures | 90,800) | 43,000) | 84,200) | 60,800) | 36,800) |
| Depreciation | 66,200) | 69,100) | 70,900) | 77,600) | 69,000) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.37 | 0.62 | 1.19 | 0.78 | 0.53 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
1 2021 Calculation
Segment capital expenditures to depreciation = Capital expenditures ÷ Depreciation
= 90,800 ÷ 66,200 = 1.37
| 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 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net sales and intersegment transfers
Sherwin-Williams Co., net sales and intersegment transfers by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 11,217,000) | 10,383,200) | 10,171,900) | 9,625,600) | 9,123,300) |
| Consumer Brands Group | 7,133,400) | 6,741,800) | 6,283,800) | 6,199,300) | 5,316,800) |
| Performance Coatings Group | 6,153,500) | 5,059,500) | 5,165,400) | 5,188,800) | 3,728,500) |
| Administrative | (4,559,300) | (3,822,800) | (3,720,300) | (3,479,200) | (3,184,800) |
| Consolidated totals | 19,944,600) | 18,361,700) | 17,900,800) | 17,534,500) | 14,983,800) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Segment profit
Sherwin-Williams Co., segment profit by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 2,239,100) | 2,294,100) | 2,056,500) | 1,898,400) | 1,769,000) |
| Consumer Brands Group | 358,400) | 579,600) | 373,200) | 261,100) | 226,000) |
| Performance Coatings Group | 486,200) | 500,100) | 379,100) | 452,100) | 299,000) |
| Consolidated totals | 3,083,700) | 3,373,800) | 2,808,800) | 2,611,600) | 2,294,000) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Identifiable assets
Sherwin-Williams Co., identifiable assets by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 5,627,900) | 5,386,600) | 5,399,100) | 4,070,900) | 4,359,000) |
| Consumer Brands Group | 5,161,100) | 5,387,400) | 5,600,800) | 5,385,300) | 5,839,000) |
| Performance Coatings Group | 8,388,600) | 8,071,100) | 8,175,600) | 8,535,200) | 8,300,000) |
| Administrative | 1,489,100) | 1,556,500) | 1,320,700) | 1,142,900) | 1,460,000) |
| Consolidated totals | 20,666,700) | 20,401,600) | 20,496,200) | 19,134,300) | 19,958,000) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Capital expenditures
Sherwin-Williams Co., capital expenditures by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 79,200) | 63,900) | 73,300) | 69,500) | 69,200) |
| Consumer Brands Group | 123,900) | 89,800) | 133,400) | 95,700) | 95,100) |
| Performance Coatings Group | 90,800) | 43,000) | 84,200) | 60,800) | 36,800) |
| Administrative | 78,100) | 107,100) | 38,000) | 25,000) | 21,700) |
| Consolidated totals | 372,000) | 303,800) | 328,900) | 251,000) | 222,800) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
Depreciation
Sherwin-Williams Co., depreciation by reportable segment
US$ in thousands
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| The Americas Group | 73,400) | 73,000) | 72,200) | 72,300) | 75,000) |
| Consumer Brands Group | 86,700) | 87,600) | 81,100) | 88,800) | 91,800) |
| Performance Coatings Group | 66,200) | 69,100) | 70,900) | 77,600) | 69,000) |
| Administrative | 36,800) | 38,300) | 37,900) | 39,500) | 49,200) |
| Consolidated totals | 263,100) | 268,000) | 262,100) | 278,200) | 285,000) |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).