宣伟 2024年度报告

FORM10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OFTHE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember31, 2024Commission file number1-04851 THE SHERWIN-WILLIAMS COMPANY (Exact name of registrant as specified in its charter) Registrant’s telephone number, including area code Securities registered pursuant to Section12(b) of the Act: Nameofeachexchangeonwhichregistered Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark if the Registrant is not required to file reports pursuant to Section13 or Section15(d) of the Exchange Act. Yes☐No☒ Indicate by check mark whether the Registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.Yes☒No☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ The aggregate market value of common stock held by non-affiliates of the Registrant at June30, 2024 was $75,067,265,612(computed by reference to the price at whichthe common stock was last sold on such date). At January31, 2025,251,364,135shares of common stock were outstanding, net of treasury shares. DOCUMENTS INCORPORATED BY REFERENCE Portions of our Proxy Statement for the 2025 Annual Meeting of Shareholders (“Proxy Statement”) to be filed with the Securities and Exchange Commission within120days of our fiscal year ended December31, 2024 are incorporated by reference into PartIII of this report. THE SHERWIN-WILLIAMS COMPANY Table of Contents PARTI BusinessCautionary Statement Regarding Forward-Looking InformationRisk FactorsUnresolved Staff CommentsCybersecurityPropertiesLegal ProceedingsMine Safety DisclosuresInformation About Our Executive Officers Item1. Item1A.Item1B.Item1C.Item2.Item3.Item4. PARTIIItem5. Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities[Reserved]Management’s Discussion and Analysis of Financial Condition and Results ofOperationsQuantitative and Qualitative Disclosures About Market RiskFinancial Statements and Supplementary DataChanges in and Disagreements with Accountants on Accounting and FinancialDisclosureControls and ProceduresOther InformationDisclosure Regarding Jurisdictions that Prevent Inspections Item6.Item7. Item7A.Item8.Item9. Item 9A.Item 9B.Item 9C. PARTIIIItem10. Directors, Executive Officers and Corporate GovernanceExecutive CompensationSecurity Ownership of Certain Beneficial Owners and Management and RelatedStockholder MattersCertain Relationships and Related Transactions, and Director IndependencePrincipal Accountant Fees and Services Item11.Item12. Item13.Item14. PARTIV Exhibits and Financial Statement SchedulesForm 10-K SummarySignatures Item15.Item16. PART I ITEM1.BUSINESS Introduction The Sherwin-Williams Company, founded in 1866 and incorporated in Ohio in 1884, is engaged in the development, manufacture,distribution and sale of pain