NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (thousands of dollars unless otherwise indicated) 2004  2003  2002 2001 2000 Net External Sales Paint Stores............................................................ $ 3,977  $ 3,469  $ 3,302  $ 3,185  $ 3,166  Consumer .............................................................. 1,296  1,190  1,178  1,142  1,251  Automotive Finishes .............................................. 514  457  454  464  493  International Coatings ........................................... 319  285  244  268  294  Administrative ....................................................... 8  7  7  7  8  Consolidated totals ................................................ $ 6,114  $ 5,408  $ 5,185  $ 5,066  $ 5,212  Operating Profits Paint Stores............................................................ $ 480  $ 403  $ 399  $ 388  $ 410  Consumer .............................................................. 188  199  193  110** (208)* Automotive Finishes .............................................. 58  52  54  51  61  International Coatings ........................................... 18  8  (6) 5  17  Administrative: Interest expense.................................................. (40) (38) (40) (54) (60) Corporate expenses and other............................ (124) (101) (103) (76) (77) Income before income taxes, minority interest  and cumulative effect of change in  accounting principle........................................... $ 580  $ 523  $ 497  $ 424** $ 143* Identifiable Assets Paint Stores............................................................ $ 1,400  $ 1,000  $ 967  $ 954  $ 1,014  Consumer .............................................................. 1,597  1,218  1,162  1,272  1,347* Automotive Finishes .............................................. 321  278  274  329  349  International Coatings ........................................... 193  156  130  285  315  Administrative ....................................................... 763  1,031  899  788  726  Consolidated totals ............................................... $ 4,274  $ 3,683  $ 3,432  $ 3,628  $ 3,751* Capital Expenditures Paint Stores............................................................ $ 55  $ 54  $ 56  $ 36  $ 48  Consumer .............................................................. 35  36  37  18  40  Automotive Finishes .............................................. 4  8  3  11  29  International Coatings ........................................... 5  5  10  7  6  Administrative ....................................................... 8  14  21  11  10  Consolidated totals ............................................... $ 107  $ 117  $ 127  $ 83  $ 133  Depreciation Paint Stores............................................................ $ 49  $ 44  $ 44  $ 47  $ 45  Consumer .............................................................. 33  33  33  31  28  Automotive Finishes .............................................. 9  9  9  9  9  International Coatings ........................................... 5  5  4  6  6  Administrative ....................................................... 13  14  14  16  21  Consolidated totals ............................................... $ 109  $ 105  $ 104  $ 109  $ 109  Operating Segment Margins Paint Stores............................................................ 12.1% 11.6% 12.1% 12.2% 12.9% Consumer .............................................................. 7.7% 9.0% 8.9% 5.3%** (9.5%)* Automotive Finishes .............................................. 10.2% 10.5% 11.1% 10.2% 11.5% International Coatings ........................................... 5.6% 2.8% (2.4%) 1.9% 5.8% Operating segment totals ....................................... 10.2% 10.2% 10.3% 9.2%** 4.5%* Intersegment Transfers Paint Stores............................................................ $ 1 $ 1 $ 1 $ 1 $ 2 Consumer .............................................................. 1,138  1,024  989  929  929  Automotive Finishes .............................................. 57  40  34  34  36  International Coatings ........................................... 1  1  1  Administrative ....................................................... 5  4  4  9  11  Segment totals........................................................ $ 1,202  $ 1,070  $ 1,029  $ 973  $ 978  * Included a charge and reduction in asset value of $352 in 2000 for impairment of other assets. ** Included amortization expense of $21 in the Consumer Segment and $29 in income before income taxes and cumulative effect of change in accounting principle for goodwill and intangible assets that are no longer amortized as of January 1, 2002 in accordance with SFAS No. 142. The effect on any other segment was not significant. Due to the impairment of other assets in 2000, disclosure of the effect of amortization expense on segment operating profit prior to 2001 is not meaningful. 70