−Removed: We own our world headquarters located in Cleveland, Ohio, which includes the world headquarters for The Americas, Consumer Brands and Performance Coatings Groups and the Administrative segment.
−Removed: The Company has entered into an agreement to sell its current headquarters and its research and development center.
−Removed: The sale is expected to be completed during 2023.
−Removed: Refer to Item 7 for further information on the construction of our new headquarters and research and development center.
+Added: The Company’s global headquarters, which includes the global headquarters for the Paint Stores, Consumer Brands and Performance Coatings Groups and the Administrative segment, is located in Cleveland, Ohio.
+Added: During 2023, the Company closed on a transaction to sell and subsequently lease back its current headquarters and research and development center.
+Added: Construction of the Company’s new global headquarters and research and development center is expected to be completed in 2024.
+Added: Refer to Item 7 for further information on the construction of our new global headquarters and research and development center.
Our principal manufacturing and distribution facilities are located as set forth below.
−Removed: We believe our manufacturing and distribution facilities are well-maintained and are suitable and adequate, with sufficient productive capacity, to meet our current needs.
+Added: We believe our manufacturing and distribution facilities are well-maintained, suitable and adequate, with sufficient productive capacity, to meet our current needs.
Manufacturing (1)
13 unchanged sentences
United States 1 1 3 3
+Added: 3 8 11 9 4 13
(1) Certain geographic locations may contain both manufacturing and distribution facilities.
−Removed: The operations of The Americas Group included a leased distribution facility in Uruguay and 4,931 company-operated specialty paint stores, of which 216 were owned, in the United States, Canada, Puerto Rico, Virgin Islands, Grenada, Trinidad and Tobago, St.
+Added: The operations of the Paint Stores Group included 4,694 company-operated specialty paint stores, of which 205 were owned, in the United States, Canada, Puerto Rico, Virgin Islands, Grenada, Trinidad and Tobago, St.
Maarten, Jamaica, Curacao, Aruba, St.
−Removed: Lucia, Uruguay, Brazil, Chile, Peru, Mexico, Ecuador and Barbados at December 31, 2022.
−Removed: These paint stores are divided into six separate operating divisions that are responsible for the sale of predominantly architectural, protective and marine and related products through the paint stores located within their geographical region.
+Added: Lucia and Barbados at December 31, 2023.
+Added: These paint stores are divided into five separate operating divisions based on their geographical region and are responsible for the sale of predominantly Sherwin-Williams ® and other controlled brand architectural paint and coatings, protective and marine products, OEM product finishes and related products.
At the end of 2023:
5 unchanged sentences
Lucia and Barbados;
−Removed: • the Southwestern Division operated 1,128 paint stores in the central plains and the lower west coast states;
−Removed: • the Latin America Division operated 307 paint stores in Uruguay, Brazil, Chile, Peru, Mexico and Ecuador.
−Removed: During 2022, The Americas Group opened 72 net new stores, consisting of 89 new stores opened (71 in the United States, 11 in Mexico, 6 in Canada and 1 in South America) and 17 stores closed (2 in the United States, 14 in South America and 1 in Mexico).
−Removed: The Performance Coatings Group operated 223 branches in the United States, of which 8 were owned, at December 31, 2022.
−Removed: The Performance Coatings Group also operated 94 branches internationally, of which 7 were owned, at December 31, 2022, consisting of branches in Europe (47), Canada (22), Chile (11), Mexico (5), Peru (3), Vietnam (3), Ecuador (2), and Brazil (1).
+Added: • the Southwestern Division operated 1,150 paint stores in the central plains and lower west coast states.
+Added: During 2023, the Paint Stores Group opened 70 net new stores, consisting of 76 new stores opened and 6 stores closed.
+Added: The Consumer Brands Group operated 318 specialty paint stores in Latin America at December 31, 2023.
+Added: These stores market and sell Sherwin-Williams ® and other controlled brand architectural paint and coatings, protective and marine products, OEM product finishes and related products which are branded for the Latin America market.
+Added: These paint stores are located in Mexico (162), Chile (58), Brazil (50), Ecuador (37) and Uruguay (11).
+Added: During 2023, the Consumer Brands Group opened 11 net new stores, consisting of 17 new stores opened and 6 stores closed.
+Added: The Performance Coatings Group operated 224 branches in the United States and 98 branches internationally at December 31, 2023.
+Added: International locations consisted of branches in Europe (47), Canada (22), Chile (11), Mexico (5), Peru (3), Ecuador (2), Brazil (2), Thailand (2), Indonesia (2), Vietnam (1) and China (1).
During 2023, this segment added 5 net new branches, consisting of 8 opened or acquired branches and 3 branches closed.
−Removed: All real property within the Administrative segment is owned by us.
−Removed: For additional information regarding real property within the Administrative segment, see the information set forth in Item 1 of this report, which is incorporated herein by reference.
+Added: All real property within the Administrative segment is owned with the exception of the current global headquarters, current research and development center and new global headquarters currently under construction.
+Added: For additional information regarding real property within the Administrative segment, see information set forth in Item 1 and Item 7 of this report, which are incorporated herein by reference.
For additional information regarding real property leases, see Note 10 to the Consolidated Financial Statements in Item 8.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.