SHERWIN WILLIAMS CO (SHW) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that SHERWIN WILLIAMS CO surfaced in its latest filing.

• Inflationary pressure expected to continue to impact consumer and manufacturing customer behavior during 2026, including in the United States housing market due to elevated mortgage rates and in global industrial markets due to softer demand.2026
• Despite Federal Reserve rate cuts in 2025, mortgage rates remained high and did not meaningfully improve product demand.2025
• High interest rates and inflation are expected to continue impacting consumer and manufacturing customer behavior in 2026.2026
• Completed acquisition of Suvinil in October 2025.October 2025
• Total debt of approximately $10.871 billion at December 31, 2025, an increase of $982.9 million since December 31, 2024.December 31, 2025
• Experienced a loss of $41.8 million in 2023 as a result of the significant devaluation of the Argentine peso in December 2023 as part of economic reforms implemented by the government of Argentina.December 2023
• Defendant in legal proceedings related to the manufacture and sale of lead pigments and lead-based paints, including individual personal injury actions, class actions, and actions by government-related entities.
• Defendant in legal proceedings related to non-lead-based paints that seek recovery for failure to warn of exposure to lead during surface preparation.