Form 10-Q RPM INTERNATIONAL INC/DE For: Nov 30

January 5, 2022 4:15 PM EST

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
10-Q
-false-0000110621----Q2---05-310000110621us-gaap:NoncontrollingInterestMember2021-08-310000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-09-012021-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-09-012021-11-300000110621us-gaap:TreasuryStockMember2021-08-310000110621us-gaap:MutualFundMemberus-gaap:NonUsMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMember2020-09-012020-11-300000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMembercountry:US2021-06-012021-11-300000110621us-gaap:CorporateNonSegmentMember2021-06-012021-11-300000110621us-gaap:NonUsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:TreasuryStockMember2020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMemberus-gaap:OtherRestructuringMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMemberrpm:OtherForeignCountryMember2021-06-012021-11-300000110621us-gaap:FairValueInputsLevel2Membercountry:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2020-09-012020-11-300000110621us-gaap:AdditionalPaidInCapitalMember2020-11-300000110621us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:PerformanceCoatingsSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CA2021-09-012021-11-300000110621us-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMember2020-06-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:OtherCurrentAssetsMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMember2021-11-300000110621us-gaap:OperatingSegmentsMember2020-09-012020-11-3000001106212020-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2021-09-012021-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMember2021-09-012021-11-300000110621us-gaap:ParentMember2021-05-310000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberrpm:OtherAccruedLiabilitiesMemberus-gaap:InterestRateSwapMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-05-310000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2020-09-012020-11-3000001106212021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:AsiaPacificMember2021-09-012021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberrpm:InterestIncomeExpenseMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMember2021-06-012021-11-300000110621us-gaap:CommonStockMember2020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:ConsumerProductsSegmentMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2020-11-300000110621rpm:PerformanceCoatingsGroupSegmentMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2020-05-310000110621us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-11-300000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2020-06-012020-11-300000110621us-gaap:FairValueInputsLevel1Membercountry:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621rpm:SpecialtyProductsGroupSegmentMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CurrencySwapMemberus-gaap:NetInvestmentHedgingMemberus-gaap:SaleOfSubsidiaryGainLossMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:NonUsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:ParentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:TreasuryStockMember2021-05-310000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestExpenseMemberrpm:ThreePointFourFiveZeroPercentSeniorNotesNovemberTwoThousandTwentyTwoMember2020-02-012020-02-290000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:PerformanceCoatingsSegmentMember2020-06-012020-11-300000110621us-gaap:ShortTermContractWithCustomerMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-06-012021-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2020-06-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberrpm:VariableInterestRateMember2020-02-012020-02-290000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2020-09-012020-11-300000110621srt:MaximumMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMember2017-10-310000110621us-gaap:OperatingSegmentsMember2021-06-012021-11-300000110621us-gaap:TreasuryStockMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2020-06-012020-11-300000110621us-gaap:FairValueInputsLevel1Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2020-06-012020-11-300000110621us-gaap:NondesignatedMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:PerformanceCoatingsSegmentMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMemberus-gaap:OtherRestructuringMember2021-09-012021-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-09-012021-11-300000110621us-gaap:RestrictedStockMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMember2021-06-012021-11-300000110621rpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberrpm:InterestIncomeExpenseMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMember2021-09-012021-11-300000110621us-gaap:CommonStockMember2021-08-310000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberrpm:InterestIncomeExpenseMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMemberrpm:ConstructionProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:RestrictedStockMember2020-09-012020-11-300000110621us-gaap:AdditionalPaidInCapitalMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:RetainedEarningsMember2020-11-300000110621us-gaap:OperatingSegmentsMembercountry:US2020-06-012020-11-300000110621us-gaap:AdditionalPaidInCapitalMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:PerformanceCoatingsSegmentMember2021-06-012021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:ForeignCurrencyGainLossMember2021-06-012021-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:TreasuryStockMember2020-05-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-11-300000110621us-gaap:ParentMember2020-08-310000110621us-gaap:CommonStockMember2021-05-310000110621us-gaap:MutualFundMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMemberus-gaap:OtherRestructuringMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMember2021-06-012021-11-300000110621us-gaap:CommonStockMember2020-05-310000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2020-09-012020-11-300000110621us-gaap:NonUsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-3100001106212020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:ConsumerProductsSegmentMember2021-11-300000110621rpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2020-06-012020-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:EuropeMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMemberus-gaap:OtherRestructuringMember2020-09-012020-11-300000110621us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CurrencySwapMemberus-gaap:NetInvestmentHedgingMemberus-gaap:SaleOfSubsidiaryGainLossMember2020-06-012020-11-3000001106212021-06-012021-08-310000110621us-gaap:FairValueInputsLevel2Memberrpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:NoncontrollingInterestMember2021-06-012021-08-310000110621rpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMember2021-06-012021-11-3000001106212021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberrpm:InterestIncomeExpenseMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:AsiaPacificMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2020-09-012020-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMember2021-09-012021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-11-300000110621us-gaap:NondesignatedMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMember2021-09-012021-11-300000110621us-gaap:CorporateNonSegmentMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:ConsumerProductsSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMember2020-09-012020-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMember2021-06-012021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberrpm:VariableInterestRateMember2020-02-290000110621us-gaap:DesignatedAsHedgingInstrumentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMemberrpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:FairValueInputsLevel2Membercountry:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-11-300000110621us-gaap:MutualFundMemberus-gaap:FairValueInputsLevel1Membercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMember2021-11-300000110621us-gaap:NonUsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:NonUsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:AccountingStandardsUpdate201814Member2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-09-012021-11-3000001106212020-08-310000110621rpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:RetainedEarningsMember2020-05-310000110621us-gaap:FairValueInputsLevel2Memberus-gaap:NonUsMemberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2020-09-012020-11-300000110621us-gaap:TreasuryStockMember2020-06-012020-08-310000110621us-gaap:AdditionalPaidInCapitalMember2021-11-300000110621us-gaap:TreasuryStockMember2021-06-012021-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMemberus-gaap:OtherRestructuringMember2020-06-012020-11-300000110621us-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:FairValueInputsLevel3Membercountry:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:ParentMember2020-06-012020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMember2021-09-012021-11-300000110621rpm:ConstructionProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2020-09-012020-11-300000110621us-gaap:CommonStockMember2021-11-300000110621us-gaap:FairValueInputsLevel3Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:AsiaPacificMember2020-09-012020-11-300000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:ParentMember2020-09-012020-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMembercountry:US2021-09-012021-11-300000110621us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2020-06-012020-11-300000110621rpm:ConsumerSegmentMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:OtherCurrentAssetsMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2021-09-012021-11-300000110621rpm:ConsumerSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2021-06-012021-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMember2021-11-3000001106212020-06-012020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:ConsumerProductsSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2021-06-012021-11-300000110621rpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-09-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:CurrencySwapMemberus-gaap:SaleOfSubsidiaryGainLossMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:EuropeMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2021-06-012021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-06-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberrpm:InterestIncomeExpenseMember2020-06-012020-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:NoncontrollingInterestMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:AdditionalPaidInCapitalMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2020-06-012020-11-300000110621us-gaap:FairValueInputsLevel1Memberrpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-012020-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2020-09-012020-11-300000110621us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CA2020-06-012020-11-300000110621us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMembercountry:USrpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMember2017-10-302017-10-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:ConsumerProductsSegmentMember2021-06-012021-11-300000110621us-gaap:RetainedEarningsMember2021-05-310000110621us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:CurrencySwapMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMemberrpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2020-09-012020-11-3000001106212021-12-3100001106212020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-09-012021-11-300000110621us-gaap:AdditionalPaidInCapitalMember2020-06-012020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMemberus-gaap:OtherRestructuringMember2021-09-012021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:ForeignCurrencyGainLossMember2020-06-012020-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2021-09-012021-11-300000110621us-gaap:NoncontrollingInterestMember2020-05-310000110621us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:MutualFundMemberus-gaap:NonUsMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-09-012020-11-300000110621us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2020-08-310000110621us-gaap:DesignatedAsHedgingInstrumentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMemberrpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMemberrpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:MutualFundMemberus-gaap:FairValueInputsLevel1Membercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CArpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMemberus-gaap:OtherRestructuringMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:CommonStockMember2020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-06-012020-11-300000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2020-06-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:CurrencySwapMemberrpm:OtherAccruedLiabilitiesMember2021-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2020-06-012020-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2021-06-012021-11-300000110621us-gaap:ParentMember2020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2020-11-300000110621us-gaap:RestrictedStockMember2021-06-012021-11-300000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-11-300000110621us-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:FairValueInputsLevel1Memberrpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:AdditionalPaidInCapitalMember2021-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2020-06-012020-11-300000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:RestrictedStockMember2021-09-012021-11-300000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2021-06-012021-11-300000110621us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMember2021-05-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2020-09-012020-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-09-012020-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:CA2020-06-012020-11-300000110621us-gaap:CommonStockMember2021-09-012021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberrpm:TermLoanFacilityMemberrpm:VariableInterestRateMember2020-02-290000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2020-09-012020-11-300000110621rpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMembercountry:US2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CA2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2020-09-012020-11-3000001106212021-12-102021-12-100000110621us-gaap:TreasuryStockMember2021-09-012021-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-05-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMemberrpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2020-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMemberrpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:ParentMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2020-06-012020-11-300000110621rpm:ConstructionProductsGroupSegmentMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:ForeignCurrencyGainLossMember2021-09-012021-11-300000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2021-06-012021-11-3000001106212021-05-310000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2021-09-012021-11-300000110621us-gaap:CorporateNonSegmentMember2020-09-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberrpm:InterestIncomeExpenseMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2021-09-012021-11-300000110621us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-05-310000110621rpm:PerformanceCoatingsGroupSegmentMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2020-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMember2021-09-012021-11-300000110621us-gaap:NonUsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:PerformanceCoatingsSegmentMember2020-09-012020-11-300000110621us-gaap:MutualFundMemberus-gaap:FairValueInputsLevel3Membercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2020-06-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMember2020-02-290000110621rpm:PerformanceCoatingsGroupSegmentMember2021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMember2020-06-012020-11-300000110621us-gaap:CommonStockMember2021-06-012021-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMember2021-05-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-09-012021-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2021-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:StockAppreciationRightsSARSMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-05-310000110621rpm:PerformanceCoatingsGroupSegmentMember2021-05-310000110621us-gaap:MutualFundMemberus-gaap:FairValueInputsLevel3Membercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:StockAppreciationRightsSARSMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2021-09-012021-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:PerformanceCoatingsSegmentMember2021-11-300000110621us-gaap:RetainedEarningsMember2021-06-012021-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMemberrpm:OtherForeignCountryMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2020-06-012020-11-3000001106212021-08-310000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2021-09-012021-11-300000110621us-gaap:AccountingStandardsUpdate201912Member2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMember2020-06-012020-11-300000110621us-gaap:FairValueInputsLevel3Memberrpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CurrencySwapMemberus-gaap:NetInvestmentHedgingMemberrpm:OtherAccruedLiabilitiesMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:ConsumerSegmentMember2020-09-012020-11-300000110621us-gaap:RetainedEarningsMember2020-06-012020-08-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-09-012021-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:ConsumerProductsSegmentMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:PerformanceCoatingsSegmentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMember2020-06-012020-11-300000110621us-gaap:NoncontrollingInterestMember2020-06-012020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMemberus-gaap:OtherRestructuringMember2021-06-012021-11-300000110621us-gaap:FairValueInputsLevel2Memberrpm:ContingentConsiderationLiabilityMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:RetainedEarningsMember2021-09-012021-11-300000110621rpm:PerformanceCoatingsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2021-06-012021-11-300000110621us-gaap:NoncontrollingInterestMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2020-09-012020-11-300000110621us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CurrencySwapMemberus-gaap:NetInvestmentHedgingMember2021-05-310000110621us-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:SpecialtyProductsGroupSegmentMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMemberrpm:OtherForeignCountryMember2020-06-012020-11-300000110621us-gaap:NoncontrollingInterestMember2021-05-310000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:ConsumerProductsSegmentMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMember2020-02-012020-02-290000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMembercountry:US2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-08-310000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:CurrencySwapMemberus-gaap:SaleOfSubsidiaryGainLossMember2021-06-012021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-06-012021-11-300000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMember2021-11-300000110621us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-012021-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMember2020-06-012020-11-300000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2020-09-012020-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:CA2020-09-012020-11-3000001106212021-01-012021-01-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2020-06-012020-11-300000110621us-gaap:MutualFundMemberus-gaap:NonUsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2020-06-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberus-gaap:ForeignCurrencyGainLossMember2020-09-012020-11-300000110621rpm:ConsumerSegmentMember2021-06-012021-11-300000110621us-gaap:RetainedEarningsMember2021-08-310000110621us-gaap:ParentMember2021-08-310000110621us-gaap:OperatingSegmentsMembercountry:US2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2020-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-08-310000110621us-gaap:ParentMember2020-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:PerformanceCoatingsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:NoncontrollingInterestMember2020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConstructionProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:USTreasuryAndGovernmentMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-3100001106212020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2020-11-3000001106212021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMember2021-11-300000110621us-gaap:CommonStockMember2020-09-012020-11-300000110621us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConsumerSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:ConsumerProductsSegmentMember2021-09-012021-11-300000110621us-gaap:CommonStockMember2020-06-012020-08-310000110621us-gaap:PensionPlansDefinedBenefitMembercountry:US2021-11-300000110621us-gaap:FairValueInputsLevel1Membercountry:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2020-09-012020-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:AsiaPacificMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:ConsumerSegmentMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-06-012021-11-300000110621us-gaap:FairValueInputsLevel3Membercountry:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMembercountry:US2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2021-06-012021-11-300000110621country:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMemberrpm:ConstructionProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:NoncontrollingInterestMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:CurrencySwapMemberrpm:InterestIncomeExpenseMember2021-09-012021-11-300000110621us-gaap:RetainedEarningsMember2020-09-012020-11-300000110621rpm:LeasebackAgreementMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:EuropeMember2021-06-012021-11-300000110621country:USus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2020-08-310000110621rpm:ConsumerSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberrpm:ConsumerSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2020-09-012020-11-300000110621us-gaap:ParentMember2021-06-012021-08-310000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:AsiaPacificMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMemberrpm:ConstructionProductsGroupSegmentMember2020-09-012020-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMemberus-gaap:OtherRestructuringMember2020-09-012020-11-300000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-06-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:CorporateNonSegmentMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMember2020-09-012020-11-300000110621us-gaap:AdditionalPaidInCapitalMember2021-06-012021-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:SpecialtyProductsGroupSegmentMembersrt:EuropeMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:PerformanceCoatingsSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberrpm:SpecialtyProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMemberrpm:SpecialtyProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:CorporateNonSegmentMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:CurrencySwapMemberus-gaap:OtherCurrentAssetsMember2021-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:EuropeMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:PerformanceCoatingsSegmentMember2021-09-012021-11-300000110621us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:StockAppreciationRightsSARSMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:AsiaPacificMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembercountry:CA2020-09-012020-11-300000110621us-gaap:AdditionalPaidInCapitalMember2020-08-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CArpm:ConstructionProductsGroupSegmentMember2021-06-012021-11-300000110621us-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:CorporateAndOtherMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-06-012021-11-300000110621rpm:PerformanceCoatingsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberrpm:ThreePointFourFiveZeroPercentSeniorNotesNovemberTwoThousandTwentyTwoMember2020-02-290000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembercountry:CA2020-09-012020-11-300000110621us-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMemberus-gaap:ForeignExchangeContractMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2020-05-310000110621rpm:SubsidiaryPotentialArgumentsOnAppealMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMemberrpm:ConstructionProductsGroupSegmentMember2020-06-012020-11-300000110621us-gaap:OtherNoncurrentLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMember2021-05-310000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:NetInvestmentHedgingMemberus-gaap:CurrencySwapMemberus-gaap:OtherCurrentAssetsMember2021-11-300000110621us-gaap:PensionPlansDefinedBenefitMemberus-gaap:ForeignPlanMember2020-09-012020-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621rpm:ConstructionProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2021-06-012021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMember2020-09-012020-11-300000110621us-gaap:TreasuryStockMember2020-09-012020-11-300000110621rpm:SpecialtyProductsGroupSegmentMember2021-09-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembersrt:EuropeMember2021-06-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:SpecialtyProductsGroupSegmentMemberus-gaap:OtherRestructuringMember2020-09-012020-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:ConsumerProductsSegmentMemberus-gaap:OtherRestructuringMember2021-06-012021-11-300000110621us-gaap:NonUsMemberus-gaap:MutualFundMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621us-gaap:ForeignPlanMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberrpm:PerformanceCoatingsGroupSegmentMembercountry:US2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMember2021-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:ConsumerProductsSegmentMember2021-09-012021-11-300000110621us-gaap:RetainedEarningsMember2021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMembersrt:EuropeMember2021-09-012021-11-300000110621us-gaap:StockAppreciationRightsSARSMember2021-09-012021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberus-gaap:InterestRateSwapMemberrpm:InterestIncomeExpenseMember2021-06-012021-11-300000110621us-gaap:TreasuryStockMember2020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMember2021-06-012021-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembercountry:CA2021-06-012021-11-300000110621us-gaap:CorporateNonSegmentMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMemberrpm:OtherForeignCountryMember2021-09-012021-11-300000110621us-gaap:NonUsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:NondesignatedMemberrpm:ForwardContractsHeldToPurchaseForeignCurrenciesMember2021-05-310000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:OtherRestructuringMember2021-06-012021-11-300000110621us-gaap:NoncontrollingInterestMember2020-08-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:SpecialtyProductsGroupSegmentMember2021-06-012021-11-300000110621rpm:ConstructionProductsSegmentMemberrpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMember2021-11-3000001106212021-01-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMemberrpm:OtherForeignCountryMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:PerformanceCoatingsGroupSegmentMemberrpm:OtherForeignCountryMember2021-09-012021-11-300000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:EmployeeSeveranceMemberrpm:ConsumerProductsSegmentMember2021-06-012021-11-300000110621us-gaap:AdditionalPaidInCapitalMember2020-05-310000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConsumerSegmentMembersrt:EuropeMember2020-06-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:OtherForeignCountryMemberrpm:ConstructionProductsGroupSegmentMember2020-06-012020-11-3000001106212021-09-152021-09-150000110621rpm:MarginAccelerationPlanToGrowthPlanMemberus-gaap:FacilityClosingMemberrpm:PerformanceCoatingsSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:AsiaPacificMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMemberrpm:ConstructionProductsGroupSegmentMembercountry:CA2020-06-012020-11-300000110621us-gaap:MutualFundMembercountry:USus-gaap:FairValueMeasurementsRecurringMember2021-11-300000110621us-gaap:DesignatedAsHedgingInstrumentMemberrpm:TermLoanFacilityMemberrpm:VariableInterestRateMember2020-02-012020-02-290000110621us-gaap:ShortTermContractWithCustomerMember2021-06-012021-11-300000110621us-gaap:NondesignatedMemberrpm:ForwardContractsHeldToPurchaseForeignCurrenciesMember2021-11-300000110621rpm:ConstructionProductsGroupSegmentMember2021-05-310000110621us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:CashFlowHedgingMemberrpm:OtherAccruedLiabilitiesMemberus-gaap:InterestRateSwapMember2021-11-300000110621us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-05-310000110621rpm:MarginAccelerationPlanToGrowthPlanMemberrpm:PerformanceCoatingsSegmentMember2021-09-012021-11-300000110621us-gaap:NondesignatedMemberus-gaap:OtherCurrentAssetsMemberus-gaap:ForeignExchangeContractMember2021-05-310000110621us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-05-310000110621rpm:SpecialtyProductsGroupSegmentMember2020-09-012020-11-300000110621us-gaap:OperatingSegmentsMemberus-gaap:NonUsMembersrt:LatinAmericaMember2021-09-012021-11-300000110621us-gaap:RetainedEarningsMember2020-08-31iso4217:EURrpm:CrossCurrencySwapxbrli:purerpm:Segmentrpm:Positionrpm:ForwardContractxbrli:sharesiso4217:USDiso4217:USDxbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended November 30, 2021,

or

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission File No. 1-14187

 

RPM International Inc.

(Exact name of Registrant as specified in its charter)

 

 

Delaware

 

02-0642224

(State or other jurisdiction of

incorporation or organization)

 

(IRS Employer

Identification No.)

 

 

 

P.O. BOX 777;

2628 PEARL ROAD;

MEDINA, Ohio

(Address of principal executive offices)

 

44258

(Zip Code)

 

 

(330) 273-5090

(Registrant’s telephone number including area code)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange on which registered

Common Stock, par value $0.01

 

RPM

 

New York Stock Exchange

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 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 90 days. 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 emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

 

Accelerated filer

 

 

 

 

 

 

 

 

Non-accelerated filer

 

 

Smaller reporting company

 

 

 

 

 

 

 

 

Emerging growth company

 

 

 

 

 

 

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 revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒.

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes ☐ No .

As of December 31, 2021, the registrant had 129,675,739 shares of common stock, $0.01 par value per share, outstanding.

 

 

 


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES*

INDEX

 

 

 

 

 

Page No.

PART I. FINANCIAL INFORMATION

 

 

 

 

 

 

 

Item 1.

 

Financial Statements:

 

3

 

 

Consolidated Balance Sheets

 

3

 

 

Consolidated Statements of Income

 

4

 

 

Consolidated Statements of Comprehensive Income

 

5

 

 

Consolidated Statements of Cash Flows

 

6

 

 

Consolidated Statements of Stockholders’ Equity

 

7

 

 

Notes to Consolidated Financial Statements

 

8

Item 2.

 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

27

Item 3.

 

Quantitative and Qualitative Disclosures About Market Risk

 

38

Item 4.

 

Controls and Procedures

 

39

 

 

 

 

 

PART II. OTHER INFORMATION

 

 

 

 

 

 

 

Item 1.

 

Legal Proceedings

 

40

Item 1A.

 

Risk Factors

 

40

Item 2.

 

Unregistered Sale of Equity Securities and Use of Proceeds

 

40

Item 6.

 

Exhibits

 

41

Signatures

 

42

 

* As used herein, the terms “RPM” and the “Company” refer to RPM International Inc. and its subsidiaries, unless the context indicates otherwise.

 

 

2


 

PART I. – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In thousands, except per share amounts)

 

 

 

November 30, 2021

 

 

May 31, 2021

 

Assets

 

 

 

 

 

 

Current Assets

 

 

 

 

 

 

Cash and cash equivalents

 

$

192,851

 

 

$

246,704

 

Trade accounts receivable (less allowances of $50,932 and $55,922, respectively)

 

 

1,173,494

 

 

 

1,280,806

 

Inventories

 

 

1,040,923

 

 

 

938,095

 

Prepaid expenses and other current assets

 

 

352,153

 

 

 

316,399

 

Total current assets

 

 

2,759,421

 

 

 

2,782,004

 

Property, Plant and Equipment, at Cost

 

 

2,035,005

 

 

 

1,967,482

 

Allowance for depreciation

 

 

(1,011,928

)

 

 

(1,002,300

)

Property, plant and equipment, net

 

 

1,023,077

 

 

 

965,182

 

Other Assets

 

 

 

 

 

 

Goodwill

 

 

1,338,465

 

 

 

1,345,754

 

Other intangible assets, net of amortization

 

 

611,427

 

 

 

628,693

 

Operating lease right-of-use assets

 

 

302,701

 

 

 

300,827

 

Deferred income taxes

 

 

23,368

 

 

 

26,804

 

Other

 

 

196,440

 

 

 

203,705

 

Total other assets

 

 

2,472,401

 

 

 

2,505,783

 

Total Assets

 

$

6,254,899

 

 

$

6,252,969

 

Liabilities and Stockholders' Equity

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

 

Accounts payable

 

$

655,502

 

 

$

717,176

 

Current portion of long-term debt

 

 

302,719

 

 

 

1,282

 

Accrued compensation and benefits

 

 

180,549

 

 

 

258,380

 

Accrued losses

 

 

25,283

 

 

 

29,054

 

Other accrued liabilities

 

 

319,536

 

 

 

325,522

 

Total current liabilities

 

 

1,483,589

 

 

 

1,331,414

 

Long-Term Liabilities

 

 

 

 

 

 

Long-term debt, less current maturities

 

 

2,163,274

 

 

 

2,378,544

 

Operating lease liabilities

 

 

259,962

 

 

 

257,415

 

Other long-term liabilities

 

 

404,548

 

 

 

436,176

 

Deferred income taxes

 

 

105,770

 

 

 

106,395

 

Total long-term liabilities

 

 

2,933,554

 

 

 

3,178,530

 

Commitments and contingencies (Note 14)

 

 

 

 

 

 

Stockholders' Equity

 

 

 

 

 

 

Preferred stock, par value $0.01; authorized 50,000 shares; none issued

 

 

 

 

 

 

Common stock, par value $0.01; authorized 300,000 shares;
   issued
144,666 and outstanding 129,677 as of November 30, 2021;
   issued
144,199 and outstanding 129,573 as of May 31, 2021

 

 

1,297

 

 

 

1,295

 

Paid-in capital

 

 

1,073,039

 

 

 

1,055,400

 

Treasury stock, at cost

 

 

(675,471

)

 

 

(653,006

)

Accumulated other comprehensive (loss)

 

 

(573,745

)

 

 

(514,884

)

Retained earnings

 

 

2,010,991

 

 

 

1,852,259

 

Total RPM International Inc. stockholders' equity

 

 

1,836,111

 

 

 

1,741,064

 

Noncontrolling Interest

 

 

1,645

 

 

 

1,961

 

Total equity

 

 

1,837,756

 

 

 

1,743,025

 

Total Liabilities and Stockholders' Equity

 

$

6,254,899

 

 

$

6,252,969

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

3


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share amounts)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

November 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net Sales

 

$

1,639,538

 

 

$

1,485,915

 

 

$

3,289,959

 

 

$

3,092,586

 

Cost of Sales

 

 

1,056,924

 

 

 

899,743

 

 

 

2,093,994

 

 

 

1,852,759

 

Gross Profit

 

 

582,614

 

 

 

586,172

 

 

 

1,195,965

 

 

 

1,239,827

 

Selling, General and Administrative Expenses

 

 

437,709

 

 

 

399,418

 

 

 

856,676

 

 

 

795,370

 

Restructuring Expense

 

 

2,977

 

 

 

4,918

 

 

 

3,988

 

 

 

9,151

 

Interest Expense

 

 

21,002

 

 

 

21,266

 

 

 

42,111

 

 

 

43,011

 

Investment (Income) Expense, Net

 

 

2,816

 

 

 

(9,519

)

 

 

(2,934

)

 

 

(22,281

)

(Gain) on Sales of Assets, Net

 

 

(42,124

)

 

 

-

 

 

 

(42,242

)

 

 

-

 

Other (Income) Expense, Net

 

 

(2,920

)

 

 

3,133

 

 

 

(6,259

)

 

 

6,251

 

Income Before Income Taxes

 

 

163,154

 

 

 

166,956

 

 

 

344,625

 

 

 

408,325

 

Provision for Income Taxes

 

 

38,038

 

 

 

39,072

 

 

 

84,714

 

 

 

99,655

 

Net Income

 

 

125,116

 

 

 

127,884

 

 

 

259,911

 

 

 

308,670

 

Less: Net Income Attributable to Noncontrolling Interests

 

 

241

 

 

 

225

 

 

 

454

 

 

 

416

 

Net Income Attributable to RPM International Inc. Stockholders

 

$

124,875

 

 

$

127,659

 

 

$

259,457

 

 

$

308,254

 

Average Number of Shares of Common Stock Outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

128,022

 

 

 

128,500

 

 

 

128,058

 

 

 

128,459

 

Diluted

 

 

128,494

 

 

 

129,090

 

 

 

128,537

 

 

 

129,078

 

Earnings per Share of Common Stock Attributable to RPM International Inc. Stockholders:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.97

 

 

$

0.98

 

 

$

2.01

 

 

$

2.38

 

Diluted

 

$

0.96

 

 

$

0.98

 

 

$

2.00

 

 

$

2.37

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

4


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(In thousands)

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

 November 30,

 

 

 November 30,

 

 

 November 30,

 

 

 November 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net Income

 

$

125,116

 

 

$

127,884

 

 

$

259,911

 

 

$

308,670

 

Other comprehensive income (loss), net of tax:

 

 

 

 

 

 

 

 

 

 

 

 

Foreign currency translation adjustments (net of tax of $1,521; $81; $3,858 and $2,944, respectively)

 

 

(46,866

)

 

 

12,495

 

 

 

(85,846

)

 

 

77,162

 

Pension and other postretirement benefit liability adjustments (net of tax of $1,213; $1,722; $2,679 and $2,508, respectively)

 

 

3,587

 

 

 

5,644

 

 

 

8,029

 

 

 

8,904

 

Unrealized gain (loss) on securities and other (net of tax of $90; $240; $235 and $322, respectively)

 

 

(177

)

 

 

80

 

 

 

97

 

 

 

170

 

Unrealized gain (loss) on derivatives (net of tax of $3,142; $119, $5,713 and $5,662, respectively)

 

 

10,190

 

 

 

(376

)

 

 

18,800

 

 

 

(18,489

)

Total other comprehensive income (loss)

 

 

(33,266

)

 

 

17,843

 

 

 

(58,920

)

 

 

67,747

 

Total Comprehensive Income

 

 

91,850

 

 

 

145,727

 

 

 

200,991

 

 

 

376,417

 

Less: Comprehensive Income Attributable to Noncontrolling Interests

 

 

212

 

 

 

225

 

 

 

395

 

 

 

484

 

Comprehensive Income Attributable to RPM International Inc. Stockholders

 

$

91,638

 

 

$

145,502

 

 

$

200,596

 

 

$

375,933

 

 

The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.

 

5


 

RPM INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

 

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

 

2021

 

 

2020

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

Net income

 

$

259,911

 

 

$

308,670

 

Adjustments to reconcile net income to net cash provided by (used for) operating activities:

 

 

 

 

 

 

Depreciation and amortization

 

 

75,975

 

 

 

72,506

 

Restructuring charges, net of payments

 

 

(2,107

)

 

 

(2,291

)

Fair value adjustments to contingent earnout obligations

 

 

2,470

 

 

 

2,712

 

Deferred income taxes

 

 

(6,130

)

 

 

1,786

 

Stock-based compensation expense

 

 

17,010

 

 

 

21,118

 

Net loss (gain) on marketable securities

 

 

1,817

 

 

 

(20,172

)

Net (gain) on sales of assets

 

 

(42,242

)

 

 

-

 

Other

 

 

(7

)

 

 

(194

)

Changes in assets and liabilities, net of effect from purchases and sales of businesses:

 

 

 

 

 

 

 Decrease in receivables

 

 

80,510

 

 

 

91,027

 

(Increase) decrease in inventory

 

 

(124,941

)

 

 

21,655

 

(Increase) decrease in prepaid expenses and other current and long-term assets

 

 

(15,165

)

 

 

8,782

 

(Decrease) increase in accounts payable

 

 

(29,291

)

 

 

8,331

 

(Decrease) in accrued compensation and benefits

 

 

(73,449

)

 

 

(28,919

)

(Decrease) increase in accrued losses

 

 

(3,322

)

 

 

3,377

 

Increase in other accrued liabilities

 

 

18,316

 

 

 

89,020

 

Other

 

 

-

 

 

 

2,095

 

Cash Provided by Operating Activities

 

 

159,355

 

 

 

579,503

 

Cash Flows from Investing Activities:

 

 

 

 

 

 

Capital expenditures

 

 

(101,416

)

 

 

(70,943

)

Acquisition of businesses, net of cash acquired