Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
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Item 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
(a)(1)Financial Statements
| Page Number in Form 10-K | |||||
| Statements of Consolidated Income | 48 | ||||
| Statements of Consolidated Comprehensive Income | 49 | ||||
| Consolidated Balance Sheets | 50 | ||||
| Statements of Consolidated Cash Flows | 51 | ||||
| Statements of Consolidated Shareholders’ Equity | 52 | ||||
| Notes to Consolidated Financial Statements | 53 |
(2) Financial Statement Schedule
Schedule II — Valuation and Qualifying Accounts and Reserves for the years ended December 31, 2024, 2023 and 2022 is set forth below. All other schedules for which provision is made in the applicable SEC accounting regulations are not required under the related instructions or are inapplicable and therefore have been omitted.
Valuation and Qualifying Accounts and Reserves
(Schedule II)
Changes in deferred tax asset valuation allowances were as follows:
| (millions of dollars) | 2024 | 2023 | 2022 | ||||||||||||||
| Beginning balance | $ | 106.6 | $ | 97.5 | $ | 97.2 | |||||||||||
| Additions (deductions) (1) | 17.9 | 9.1 | 0.3 | ||||||||||||||
| Ending balance | $ | 124.5 | $ | 106.6 | $ | 97.5 |
(1) Additions (deductions) did not have a material impact on the Income Statement in 2024, 2023 or 2022.
(3) Exhibits
| 31.2 | Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer (filed herewith). | ||||||||||
| 32.1 | Section 1350 Certification of Chief Executive Officer (furnished herewith). | ||||||||||
| 32.2 | Section 1350 Certification of Chief Financial Officer (furnished herewith). | ||||||||||
| *97.1 | The Sherwin-Williams Company Section 16 Executive Officer Clawback Policy, Effective October 10, 2023, filed as Exhibit 97 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and incorporated herein by reference. | ||||||||||
| 101.INS | Inline XBRL Instance Document - the instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document. | ||||||||||
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document | ||||||||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | ||||||||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | ||||||||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | ||||||||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | ||||||||||
| 104 | The cover page from this Annual Report on Form 10-K for the fiscal year ended December 31, 2024, formatted in Inline XBRL and contained in Exhibit 101. | ||||||||||
| ^ | Certain exhibits and schedules have been omitted in accordance with Item 601(a)(5) of Regulation S-K and the Company agrees to furnish supplementally to the SEC a copy of any omitted exhibits and schedules upon request. | ||||||||||
| * | Management contract or compensatory plan or arrangement. |
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