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					        DOCUMENT AND ENTITY INFORMATION (USD $)
                                                           3 Months Ended
                                                            Mar. 31, 2010
                    In Thousands, except Share data
Document And Entity Information
Document Type                                         10-Q
Document Period End Date                              2010-03-31
Amendment Flag                                        false
Entity Registrant Name                                SHERWIN WILLIAMS CO.
Entity Central Index Key                              0000089800
Entity Current Reporting Status                       Yes
Entity Voluntary Filers                               No
Current Fiscal Year End Date                          --12-31
Entity Filer Category                                 Large Accelerated Filer
Entity Well Known Seasoned Issuer                     Yes
Entity Common Stock Shares Outstanding                                109,735,117
Entity Public Float
Document Fiscal Year Focus                                                  2,010
Document Fiscal Period Focus                          Q1
Jun. 30, 2009




      $6,231,518,290
 STATEMENTS OF CONSOLIDATED INCOME (UNAUDITED) (USD
                                                                3 Months Ended
                                                                 Mar. 31, 2010
  In Thousands, except Share data, unless otherwise specified
STATEMENTS OF CONSOLIDATED INCOME
Net sales                                                                 $1,565,482
Cost of goods sold                                                           873,514
Gross profit                                                                 691,968
Percent to net sales                                                            44.2
Selling, general and administrative expenses                                 612,875
Percent to net sales                                                            39.1
Other general expense - net                                                    1,906
Interest expense                                                              11,570
Interest and net investment income                                             (639)
Other expense (income) - net                                                   6,798
Income before income taxes                                                    59,458
Income taxes                                                                  26,855
Net income                                                                   $32,603
Net income per common share:
Basic                                                                           $0.3
Diluted                                                                         $0.3
Average shares outstanding - basic                                       107,959,598
Average shares and equivalents outstanding - diluted                     110,247,174
3 Months Ended
 Mar. 31, 2009


          $1,550,677
             870,071
             680,606
                 43.9
             608,848
                 39.3
               10,405
               12,202
                (636)
              (1,106)
               50,893
              13,614
             $37,279

               $0.32
               $0.32
         115,946,629
         118,029,772
    CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)
                                                                          Mar. 31, 2010
                              In Thousands
Current assets:
Cash and cash equivalents                                                             $91,173
Accounts receivable, less allowance                                                   797,816
Inventories:
Finished goods                                                                        673,244
Work in process and raw materials                                                     114,072
Total Inventory                                                                       787,316
Deferred income taxes                                                                  121,142
Other current assets                                                                   152,951
Total current assets                                                                 1,950,398
Goodwill                                                                             1,014,911
Intangible assets                                                                      273,377
Deferred pension assets                                                                247,145
Other assets                                                                           215,593
Property, plant and equipment:
Land                                                                                    84,408
Buildings                                                                              594,858
Machinery and equipment                                                              1,514,084
Construction in progress                                                                24,954
Total gross property, plant and equipment                                            2,218,304
Less allowances for depreciation                                                     1,410,582
Total net property, plant and equipment                                                807,722
Total Assets                                                                         4,509,146
Current liabilities:
Short-term borrowings                                                                  245,474
Accounts payable                                                                       705,309
Compensation and taxes withheld                                                        140,900
Accrued taxes                                                                           62,408
Current portion of long-term debt                                                       12,180
Other accruals                                                                         391,471
Total current liabilities                                                            1,557,742
Long-term debt                                                                        783,082
Postretirement benefits other than pensions                                           284,228
Other long-term liabilities                                                           388,948
Shareholders' equity:
Common stock - $1.00 par value: 109,735,117, 109,436,869 and
117,092,100 shares outstanding at March 31, 2010, December 31, 2009
and March 31, 2009, respectively                                                      229,453

Preferred stock - convertible, no par value; 216,753 shares outstanding
at March 31, 2010, December 31, 2009 and March 31, 2009                                216,753
Unearned ESOP compensation                                                           (216,753)
Other capital                                                                        1,101,594
Retained earnings                                                                    4,511,663
Treasury stock, at cost                                                            (4,040,580)
Cumulative other comprehensive loss           (306,984)
Total shareholders' equity                    1,495,146
Total Liabilities and Shareholders' Equity   $4,509,146
Dec. 31, 2009          Mar. 31, 2009


            $69,329                $42,245
            696,055                785,640

            630,683                734,168
            107,805                104,648
            738,488                838,816
             121,276                 97,676
             144,871                143,312
           1,770,019              1,907,689
           1,014,825              1,009,069
             279,413                299,629
             245,301                214,816
             195,612                132,684

              85,166                 85,383
             600,687                585,175
           1,512,218              1,521,639
              23,086                 21,743
           2,221,157              2,213,940
           1,402,472              1,365,471
             818,685                848,469
           4,323,855              4,412,356

              22,674                765,130
             674,766                629,965
             176,538                127,151
              76,499                 51,436
              12,267                 14,988
             430,924                373,482
           1,393,668              1,962,152
            782,670                297,754
            283,784                249,384
            372,783                321,107




            228,647                227,793


             216,753                216,753
           (216,753)              (216,753)
           1,068,963              1,026,439
           4,518,428              4,241,586
         (4,007,633)            (3,499,045)
 (317,455)    (414,814)
 1,490,950    1,581,959
$4,323,855   $4,412,356
       CONSOLIDATED BALANCE SHEETS (UNAUDITED)
                                                          Mar. 31, 2010

Statement Of Financial Position Parentheticals Abstract
Common stock, par value                                                     $1
Common stock, shares outstanding                                   109,735,117
Preferred stock, no par value                                               $0
Preferred stock, shares outstanding                                    216,753
Dec. 31, 2009          Mar. 31, 2009


                  $1                     $1
         109,436,869            117,092,100
                  $0                     $0
             216,753                216,753
  CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS
                (UNAUDITED) (USD $)
                                                                      3 Months Ended
                                                                       Mar. 31, 2010
                               In Thousands
OPERATING ACTIVITIES
Net income                                                                         $32,603
Adjustments to reconcile net income to net operating cash:
Depreciation                                                                        33,103
Amortization of intangible assets                                                    6,747
Stock-based compensation expense                                                    10,512
Provisions for qualified exit costs                                                    164
Provisions for environmental-related matters                                         1,937
Defined benefit pension plans net cost                                               4,314
Net increase in postretirement liability                                               600
Other                                                                                6,252
Change in working capital accounts - net                                         (206,444)
Costs incurred for environmental - related matters                                (12,000)
Costs incurred for qualified exit costs                                            (4,461)
Other                                                                               10,855
Net operating cash                                                               (115,818)
INVESTING ACTIVITIES
Capital expenditures                                                              (25,423)
Acquisitions of businesses, net of cash acquired                                         0
Proceeds from sale of assets                                                           520
Increase in other investments                                                     (17,635)
Net investing cash                                                                (42,538)
FINANCING ACTIVITIES
Net increase in short-term borrowings                                              222,894
Net increase (decrease) in long-term borrowings                                         882
Payments of cash dividends                                                        (39,368)
Proceeds from stock options exercised                                                19,746
Income tax effect of stock-based compensation exercises and vesting                   3,123
Treasury stock purchased                                                          (25,771)
Other                                                                               (5,960)
Net financing cash                                                                 175,546
Effect of exchange rate changes on cash                                              4,654
Net increase in cash and cash equivalents                                           21,844
Cash and cash equivalents at beginning of year                                      69,329
Cash and cash equivalents at end of period                                          91,173
Income taxes paid                                                                    8,513
Interest paid                                                                      $12,738
3 Months Ended
 Mar. 31, 2009


             $37,279

              35,883
               6,228
               2,352
               6,384
               6,201
               9,004
                 700
               4,002
           (208,088)
             (6,634)
             (2,345)
             (3,234)
           (112,268)

            (22,436)
            (13,018)
                 274
            (15,422)
            (50,602)

             249,587
              (6,624)
            (41,643)
                6,907
                1,407
            (22,310)
              (4,275)
             183,049
              (4,146)
               16,033
               26,212
               42,245
               12,661
             $18,393
              Note 1 - BASIS OF PRESENTATION
                                                   3 Months Ended
                                                    Mar. 31, 2010

Basis Of Presentation Abstract
                                               THE SHERWIN-
                                               WILLIAMS COMPANY AND
                                               SUBSIDIARIESNOTES
                                               TO CONDENSED
                                               CONSOLIDATED FINANCIAL
                                               STATEMENTS
                                               (UNAUDITED)Periods
                                               ended March 31, 2010 and
                                               2009NOTE 1BASIS OF
                                               PRESENTATIONThe
                                               accompanying unaudited
                                               condensed consolidated
                                               financial statements have
                                               been prepared in accordance
                                               with U.S. generally accepted
                                               accounting principles (GAAP)
                                               for interim financial
                                               information and the
                                               instructions to Form 10-Q.
                                               Accordingly, they do not
                                               include all of the information
                                               and footnotes required by
                                               U.S. GAAP for complete
                                               financial statements. In the
                                               opinion of management, all
                                               adjustments (consisting of
                                               normal recurring accruals)
                                               considered necessary for a
                                               fair presentation have been
                                               included. There have
                                               been no significant changes
NOTE 1 - BASIS OF PRESENTATION                 in critical accounting policies
                                               since December 31, 2009.
     Note 2 - IMPACT OF RECENTLY ISSUED ACCOUTNING
                    PRONOUNCEMENTS
                                                          3 Months Ended
                                                           Mar. 31, 2010

Impact Of Recently Issued Accounting Pronouncements
Abstract
                                                      NOTE 2IMPACT OF
                                                      RECENTLY ISSUED
                                                      ACCOUNTING
                                                      PRONOUNCEMENTSIn
                                                      February 2010, the Financial
                                                      Accounting Standards Board
                                                      (FASB) issued Accounting
                                                      Standards Update (ASU) No.
                                                      2010-11, which amends the
                                                      Subsequent Events Topic of
                                                      the Accounting Standards
                                                      Codification (ASC) to
                                                      eliminate the requirement for
                                                      public companies to disclose
                                                      the date through which
                                                      subsequent events have
                                                      been evaluated. The
                                                      Company will continue to
                                                      evaluate subsequent events
                                                      through the date of the
                                                      issuance of the financial
                                                      statements, however,
                                                      consistent with the guidance,
                                                      this date will no longer be
                                                      disclosed. ASU 2010-11 does
                                                      not have any impact on the
                                                      Company's results of
                                                      operations, financial
                                                      condition or liquidity.
                                                      Effective January 1,
NOTE 2 - IMPACT OF RECENTLY ISSUED ACCOUNTING         2010, the Company adopted
PRONOUNCEMENTS                                        FAS No. 166, "Accounting for
                                                      Transfers of Financial Assets"
                     Note 3 - DIVIDENDS
                                              3 Months Ended
                                               Mar. 31, 2010

Dividends Disclosure Abstract
                                          NOTE
                                          3DIVIDENDSDividends
                                          paid on common stock
                                          during the first quarter of
                                          2010 and 2009 were $0.360
                                          per common share and
                                          $0.355 per common share,
NOTE 3 - DIVIDENDS                        respectively.
             Note 4 - COMPREHENSIVE INCOME
                                                 3 Months Ended
                                                  Mar. 31, 2010

Comprehensive Income Disclosure Abstract
                                             NOTE
                                             4COMPREHENSIVE
                                             INCOMEComprehensiv
                                             e income is summarized as
                                             follows:(Thousands of
                                             dollars)Three Months
                                             EndedMarch
                                             31,20102009
                                             Net income$
                                             32,603$
                                             37,279Foreign
                                             currency translation
                                             adjustments
                                             6,486
                                             (8,881)Amortization of
                                             net prior service costs and
                                             net actuarial
                                             losses, net of taxes (1)
                                             3,651
                                             4,639Adjustments of
                                             marketable equity securities
                                              and
                                             derivative instruments used
                                             in cash flow
                                             hedges, net of taxes (2)
                                             333
                                             45Comprehensive
                                             income$ 43,073$
                                             33,082(1) The tax effect
                                             of amortization of net prior
                                             service costs and net
NOTE 4 - COMPREHENSIVE INCOME                actuarial losses was $1,716
                                             and $(2,890) for the three
               Note 5 - PRODUCT WARRANTIES
                                                 3 Months Ended
                                                  Mar. 31, 2010

Product Warranties Disclosure Abstract
                                             NOTE 5PRODUCT
                                             WARRANTIESChanges
                                             in the Company's accrual for
                                             product warranty claims
                                             during the first three months
                                             of 2010 and 2009, including
                                             customer satisfaction
                                             settlements, were as
                                             follows:(Thousan
                                             ds of
                                             dollars)20102009
                                             Balance at January
                                             1$ 22,214$
                                             18,029Charges to
                                             expense 4,108
                                             4,297Settlements
                                             (4,822)
                                             (4,632)Balance at
                                             March 31$
                                             21,500$
                                             17,694For further
                                             details on the Company's
                                             accrual for product warranty
                                             claims, see Note 1 to the
                                             Consolidated Financial
                                             Statements in the Company's
                                             Annual Report on Form 10-K
                                             for the year ended December
                                             31, 2009.
NOTE 5 - PRODUCT WARRANTIES
            Note 6 - EXIT OR DISPOSAL ACTIVITIES
                                                       3 Months Ended
                                                        Mar. 31, 2010

Exit Or Disposal Activities Disclosure Abstract
                                                   NOTE 6EXIT OR
                                                   DISPOSAL
                                                   ACTIVITIESLiabilities
                                                   associated with exit or
                                                   disposal activities are
                                                   recognized as incurred in
                                                   accordance with the Exit or
                                                   Disposal Cost Obligations
                                                   Topic of the ASC. Qualified
                                                   exit costs primarily include
                                                   post-closure rent expenses,
                                                   incremental post-closure
                                                   costs and costs of employee
                                                   terminations. Adjustments
                                                   may be made to liabilities
                                                   accrued for qualified exit
                                                   costs if information becomes
                                                   available upon which more
                                                   accurate amounts can be
                                                   reasonably estimated.
                                                   Concurrently, property, plant
                                                   and equipment is tested for
                                                   impairment in accordance
                                                   with the Property, Plant and
                                                   Equipment Topic of the ASC,
                                                   and if impairment exists, the
                                                   carrying value of the related
                                                   assets is reduced to
                                                   estimated fair value.
                                                   Additional impairment may
                                                   be recorded for subsequent
NOTE 6 - EXIT OR DISPOSAL ACTIVITIES               revisions in estimated fair
                                                   value. In the three
    Note 7 - HEALTH CARE, PENSION AND OTHER BENEFITS
                                                                 3 Months Ended
                                                                  Mar. 31, 2010

Health Care Pension And Other Benefits Disclosure Abstract
                                                             NOTE 7HEALTH CARE,
                                                             PENSION AND OTHER
                                                             BENEFITSShown
                                                             below are the components of
                                                             the Company's net periodic
                                                             benefit cost for domestic
                                                             defined benefit pension
                                                             plans, foreign defined benefit
                                                             pension plans and
                                                             postretirement benefits other
                                                             than
                                                             pensions:(Thousands
                                                             of dollars)Domestic
                                                             DefinedForeign
                                                             DefinedPostretirement
                                                             BenefitsBenefit
                                                             Pension PlansBenefit
                                                             Pension PlansOther than
                                                             Pensions2010200
                                                             920102009201
                                                             02009Three
                                                             Months Ended March
                                                             31:
                                                             Net periodic benefit
                                                             cost:
                                                             Service
                                                             cost$4,189$5,316
                                                             $501$306$
                                                             883$848
                                                             Interest
                                                             cost4,4404,617
NOTE 7 - HEALTH CARE, PENSION AND OTHER BENEFITS             1,0367354,
                                                             0173,924
           Note 8 - OTHER LONG TERM LIABILITIES
                                                       3 Months Ended
                                                        Mar. 31, 2010

Other Long Term Liabilities Abstract
                                                  NOTE 8OTHER LONG-
                                                  TERM LIABILITIESThe
                                                  Company initially provides
                                                  for estimated costs of
                                                  environmental-related
                                                  activities relating to its past
                                                  operations and third-party
                                                  sites for which commitments
                                                  or clean-up plans have been
                                                  developed and when such
                                                  costs can be reasonably
                                                  estimated based on industry
                                                  standards and professional
                                                  judgment. These estimated
                                                  costs are determined based
                                                  on currently available facts
                                                  regarding each site. If the
                                                  best estimate of costs can
                                                  only be identified as a range
                                                  and no specific amount
                                                  within that range can be
                                                  determined more likely than
                                                  any other amount within the
                                                  range, the minimum of the
                                                  range is provided. At March
                                                  31, 2010, the unaccrued
                                                  maximum of the estimated
                                                  range of possible outcomes
                                                  is $100.8 million higher than
                                                  the minimum.The
                                                  Company continuously
NOTE 8 - OTHER LONG-TERM LIABILITIES              assesses its potential liability
                                                  for investigation and
                      Note 9 - LITIGATION
                                                3 Months Ended
                                                 Mar. 31, 2010

Litigation Disclosure Abstract
                                            NOTE
                                            9LITIGATIONIn the
                                            course of its business, the
                                            Company is subject to a
                                            variety of claims and
                                            lawsuits, including litigation
                                            relating to product liability
                                            and warranty, personal
                                            injury, environmental,
                                            intellectual property,
                                            commercial, contractual and
                                            antitrust claims that are
                                            inherently subject to many
                                            uncertainties regarding the
                                            possibility of a loss to the
                                            Company. These
                                            uncertainties will ultimately
                                            be resolved when one or
                                            more future events occur or
                                            fail to occur confirming the
                                            incurrence of a liability or the
                                            reduction of a liability. In
                                            accordance with the
                                            Contingencies Topic of the
                                            ASC, the Company accrues
                                            for these contingencies by a
                                            charge to income when it is
                                            both probable that one or
                                            more future events will occur
                                            confirming the fact of a loss
                                            and the amount of the loss
NOTE 9 - LITIGATION                         can be reasonably estimated.
                                            In the event that the
            Note 10 - OTHER EXPENSE (INCOME)
                                                   3 Months Ended
                                                    Mar. 31, 2010

Other Expense Income Disclosure Abstract
                                               NOTE 10OTHER
                                               EXPENSE
                                               (INCOME)Other
                                               general expense -
                                               netIncluded in Other
                                               general expense - net were
                                               the following:Three
                                               Months
                                               Ended(Thousands of
                                               dollars)March
                                               31,20102009
                                               Provisions for
                                               environmental matters -
                                               net$1,937$6,20
                                               1Loss on disposition of
                                               assets241729
                                               Adjustments to prior
                                               provisions for qualified exit
                                               costs (272)
                                               3,475Other general
                                               expense -
                                               net$1,906$10,4
                                               05Provisions for
                                               environmental mattersnet
                                               represent site-specific
                                               increases or decreases to
                                               environmental-related
                                               accruals as information
                                               becomes available upon
                                               which more accurate costs
                                               can be reasonably estimated
NOTE 10 - OTHER EXPENSE (INCOME)               and as additional accounting
                                               guidelines are issued.
                  Note 11 - INCOME TAXES
                                               3 Months Ended
                                                Mar. 31, 2010

Income Taxes Disclosure Abstract
                                           NOTE 11INCOME
                                           TAXESThe effective
                                           tax rate was 45.2 percent for
                                           the first quarter of 2010,
                                           compared to 26.7 percent for
                                           the first quarter of 2009. The
                                           increase in the effective tax
                                           rate for the first quarter of
                                           2010 compared to 2009 was
                                           due to the impact of the
                                           Patient Protection and
                                           Affordable Care Act and the
                                           Health Care and Education
                                           Reconciliation Act signed into
                                           law in March 2010. The
                                           Company recognized the
                                           deferred tax effects of the
                                           reduced deductibility of the
                                           postretirement prescription
                                           drug coverage during the
                                           first quarter of 2010, which
                                           resulted in a Federal and
                                           State income tax charge of
                                           $11.4 million. At
                                           December 31, 2009, the
                                           Company had $37.0 million
                                           in unrecognized tax benefits,
                                           the recognition of which
                                           would have an affect of
                                           $32.5 million on the current
                                           provision for income taxes.
NOTE 11 - INCOME TAXES                     Included in the balance of
                                           unrecognized tax benefits at
         Note 12 - NET INCOME PER COMMON SHARE
                                                      3 Months Ended
                                                       Mar. 31, 2010

Net Income Per Common Share Disclosure Abstract
                                                  NOTE 12NET INCOME
                                                  PER COMMON
                                                  SHAREThree Months
                                                  EndedMarch
                                                  31,(Thousands of
                                                  dollars except per share
                                                  data)20102009
                                                  Basic
                                                  Average common shares
                                                  outstanding
                                                  107,959,598
                                                  115,946,629 Net
                                                  income$ 32,603$
                                                  37,279 Net income
                                                  per common
                                                  share$0.30$0.32
                                                  Diluted
                                                   Average common
                                                  shares outstanding
                                                  107,959,598
                                                  115,946,629 Non-
                                                  vested restricted stock
                                                  grants 753,163
                                                  1,154,224 Stock
                                                  options and other
                                                  contingently
                                                  issuable shares (1)
                                                  1,534,413
                                                  928,919 Average
                                                  common shares assuming
                                                  dilution
NOTE 12 - NET INCOME PER COMMON SHARE             110,247,174
                                                  118,029,772 Net
       Note 13 - REPORTABLE SEGMENT INFORMATION
                                                         3 Months Ended
                                                          Mar. 31, 2010

Reportable Segment Information Disclosure Abstract
                                                     NOTE 13REPORTABLE
                                                     SEGMENT
                                                     INFORMATIONThe
                                                     Company reports segment
                                                     information in the same way
                                                     that management internally
                                                     organizes its business for
                                                     assessing performance and
                                                     making decisions regarding
                                                     allocation of resources in
                                                     accordance with the
                                                     Segment Disclosures Topic of
                                                     the ASC.(Thousands
                                                     of
                                                     dollars)Thr
                                                     ee Months Ended March 31,
                                                     2010Paint Stores
                                                     GroupConsumer
                                                     GroupGlobal Finishes
                                                     GroupAdministrative
                                                     Consolidated
                                                     TotalsNet external
                                                     sales$850,912$29
                                                     2,149$421,099$
                                                     1,322$1,565,482
                                                     Intersegment
                                                     transfers281,169
                                                     22,255(303,424)
                                                     Total net sales
                                                     and intersegment
                                                     transfers$850,912$
NOTE 13 - REPORTABLE SEGMENT INFORMATION             573,318$443,354
                                                     $(302,102)$1,565
                   Note 14 - ACQUISITIONS
                                                3 Months Ended
                                                 Mar. 31, 2010

Acquisitions Disclosure Abstract
                                            NOTE
                                            14ACQUISITIONSEffec
                                            tive April 1, 2010, the
                                            Company acquired Sayerlack
                                            Industrial Coatings
                                            (Sayerlack) for $53.8 million,
                                            excluding any post-closing
                                            adjustments. Headquartered
                                            in Pianoro, Italy, Sayerlack is
                                            a leading coatings innovator
                                            in the joinery, furniture and
                                            cabinets markets. The
                                            acquisition will strengthen
                                            the Global Finishes Group's
                                            growing global platform for
                                            product finishes. A valuation
                                            will be completed in the
                                            second quarter, and
                                            Sayerlack will be included in
                                            the Company's consolidated
                                            financial statements after the
                                            date of acquisition.
                                            During the first
                                            quarter of 2009, the
                                            Company acquired Altax Sp.
                                            zo.o. (Altax). Headquartered
                                            in Poznan, Poland, Altax is a
                                            leading innovator of
                                            protective woodcare coatings
                                            and serves multiple
                                            channels, including industrial,
NOTE 14 - ACQUISITIONS                      professional and DIY.
                                            Included in the Consumer
           Note 15 - FAIR VALUE MEASUREMENTS
                                                    3 Months Ended
                                                     Mar. 31, 2010

Fair Value Measurements Abstract
                                               NOTE 15FAIR VALUE
                                               MEASUREMENTSThe
                                               Fair Value Measurements
                                               and Disclosures Topic of the
                                               ASC applies to the
                                               Company's financial and non-
                                               financial assets and liabilities.
                                               The guidance applies when
                                               other standards require or
                                               permit the fair value
                                               measurement of assets and
                                               liabilities. It does not expand
                                               the use of fair value
                                               measurements. The
                                               Company did not have any
                                               fair value measurements for
                                               its non-financial assets and
                                               liabilities during the first
                                               quarter. The following table
                                               presents the Company's
                                               financial assets and liabilities
                                               that are measured at fair
                                               value on a recurring basis,
                                               categorized using the fair
                                               value
                                               hierarchy:(Thousands
                                               of dollars)Quoted
                                               Prices in Significant
                                               Fair Value
                                               atActive Markets
                                               forSignificant
NOTE 15- FAIR VALUE MEASUREMENTS               OtherUnobservable
                                               March 31,
             Note 16 - FINANCIAL INSTRUMENTS
                                                   3 Months Ended
                                                    Mar. 31, 2010

Financial Instruments Disclosure Abstract
                                               NOTE 16FINANCIAL
                                               INSTRUMENTSThe
                                               table below summarizes the
                                               carrying amount and fair
                                               value of the Company's
                                               publicly traded debt and non-
                                               publicly traded debt in
                                               accordance with the Fair
                                               Value Measurements and
                                               Disclosures Topic of the ASC.
                                               The fair values of the
                                               Company's publicly traded
                                               debt are based on quoted
                                               market prices. The fair
                                               values of the Company's non-
                                               traded debt are estimated
                                               using discounted cash flow
                                               analyses, based on the
                                               Company's current
                                               incremental borrowing rates
                                               for similar types of borrowing
                                               arrangements.(Thousa
                                               nds of
                                               dollars)Mar
                                               ch 31,
                                               2010CarryingFa
                                               irAmountValue
                                               Publicly traded
                                               debt$ 768,313$
                                               743,287Non-traded
                                               debt 26,949
NOTE 16 - FINANCIAL INSTRUMENTS                25,587
           Note 17 - NON-TRADED INVESTMENTS
                                                  3 Months Ended
                                                   Mar. 31, 2010

Non Traded Investments Abstract
                                              NOTE 17NON-TRADED
                                              INVESTMENTSThe
                                              Company has invested in the
                                              U.S. affordable housing and
                                              historic renovation real
                                              estate markets. These non-
                                              traded investments have
                                              been identified as variable
                                              interest entities. However,
                                              because the Company does
                                              not have the power to direct
                                              the day-to-day operations of
                                              the investments and the risk
                                              of loss is limited to the
                                              amount of contributed
                                              capital, the Company is not
                                              considered the primary
                                              beneficiary. In accordance
                                              with the Consolidation Topic
                                              of the ASC, the investments
                                              are not consolidated. The
                                              Company uses the effective
                                              yield method to determine
                                              the carrying value of the
                                              investments. Under the
                                              effective yield method, the
                                              initial cost of the investments
                                              is amortized over the period
                                              that the tax credits are
                                              recognized. The carrying
                                              amount of the investments,
NOTE 17 - NON-TRADED INVESTMENTS              included in Other assets, was
                                              $96.0 million at March 31,

				
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Description: Sherwin Williams Employee Stock document sample