0000851968-22-000026 | 10-K | XBRL Viewer

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net earnings including noncontrolling interests	$ 1,033,548	$ 515,727	$ 744,571
Adjustments to reconcile net earnings to net cash provided by operating activities:
Restructuring	10,783	103,695	90,341
Depreciation and amortization	591,711	607,507	576,452
Deferred income taxes	(4,929)	22,324	(107,842)
Loss on disposal of property, plant and equipment	5,462	6,296	1,608
Stock-based compensation expense	25,651	19,697	23,620
Impairment of net investment in a manufacturer and distributor of ceramic tile in China	0	0	59,906
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net	(207,047)	(54,977)	81,953
Inventories	(519,229)	357,516	7,212
Accounts payable and accrued expenses	360,791	255,466	(52,065)
Other assets and prepaid expenses	(66,844)	(55,084)	3,625
Other liabilities	79,222	(8,328)	(10,620)
Net cash provided by operating activities	1,309,119	1,769,839	1,418,761
Cash flows from investing activities:
Additions to property, plant and equipment	(676,120)	(425,557)	(545,462)
Acquisitions, net of cash acquired	(123,969)	0	(81,082)
Purchases of short-term investments	(1,211,239)	(1,187,891)	(581,500)
Redemption of short-term investments	1,454,574	658,650	592,000
Net cash used in investing activities	(556,754)	(954,798)	(616,044)
Cash flows from financing activities:
Payments on Senior Credit Facilities	0	(633,134)	(488,978)
Proceeds from Senior Credit Facilities	0	617,883	448,587
Payments on commercial paper	(570,362)	(4,890,991)	(15,168,820)
Proceeds from commercial paper	1,185,020	4,195,353	14,540,177
Proceeds from Floating Rate Notes	0	0	331,325
Payment on Floating Rate Notes	0	0	(331,325)
Proceeds from Senior Notes issuance	0	1,062,240	0
Repayments on Senior Notes	(932,252)	(326,904)	0
Proceeds from Term Loan Facility	0	500,000	0
Repayment on Term Loan Facility	0	(500,000)	0
Net payments of other financing activities	(11,656)	(8,338)	(13,071)
Debt issuance costs	0	(11,413)	(3,028)
Purchase of Mohawk common stock	(900,334)	(188,625)	(100,080)
Change in outstanding checks in excess of cash	(2,641)	(4,256)	(4,664)
Net cash used in financing activities	(1,232,225)	(188,185)	(789,877)
Effect of exchange rate changes on cash and cash equivalents	(19,870)	6,984	2,895
Net change in cash and cash equivalents	(499,730)	633,840	15,735
Cash and cash equivalents, beginning of year	768,625	134,785	119,050
Cash and cash equivalents, end of year	$ 268,895	$ 768,625	$ 134,785

Long-Term Debt - Senior Notes and Term Loan (Details)											12 Months Ended
Long-Term Debt - Senior Notes and Term Loan (Details)	Oct. 19, 2021 EUR (€)	Sep. 07, 2021 EUR (€)	Jun. 12, 2020 USD ($)	May 18, 2020 EUR (€)	May 14, 2020 USD ($)	Apr. 07, 2020 USD ($)	Sep. 04, 2019 USD ($)	May 18, 2018 USD ($)	Jun. 09, 2015 USD ($)	Jan. 31, 2013 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jun. 12, 2020 EUR (€)	Sep. 04, 2019 EUR (€)	May 18, 2018 EUR (€)	Jun. 09, 2015 EUR (€)
Debt Instrument [Line Items]
Debt issuance costs											$ 0	$ 11,413,000	$ 3,028,000
Repayments of senior debt											$ 932,252,000	$ 326,904,000	$ 0
1.750% senior notes due June 12, 2027
Debt Instrument [Line Items]
Aggregate principal amount of debts \| €														€ 500,000,000
Interest rate (as a percent)														1.75%
Debt issuance costs			$ 4,400,000
3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Debt Instrument [Line Items]
Aggregate principal amount of debts					$ 500,000,000
Interest rate (as a percent)					3.625%
Debt issuance costs					$ 5,476,000
Floating rate notes due September 04, 2021
Debt Instrument [Line Items]
Aggregate principal amount of debts \| €															€ 300,000,000
Debt issuance costs							$ 754,000
Issuance premium received \| €															€ 744,000
Repayments of senior debt \| €		€ 300,000,000
Floating rate notes due May 18, 2020
Debt Instrument [Line Items]
Aggregate principal amount of debts \| €																€ 300,000,000
Debt issuance costs								$ 890,000
Repayments of senior debt \| €				€ 300,000,000
2.00% senior notes due January 14, 2022
Debt Instrument [Line Items]
Aggregate principal amount of debts \| €	€ 500,000																€ 500,000,000
Interest rate (as a percent)	2.00%																2.00%
Debt issuance costs									$ 4,218,000
Repayments of senior debt \| €	€ 500,000,000
3.85% senior notes due February 1, 2023
Debt Instrument [Line Items]
Aggregate principal amount of debts										$ 600,000,000
Interest rate (as a percent)										3.85%
Debt issuance costs										$ 6,000,000
Secured Debt
Debt Instrument [Line Items]
Debt issuance costs						$ 1,088,000
Securitization agreement, maximum borrowing capacity						$ 500,000,000
Euro Interbank Offered Rate (EURIBOR) \| Floating rate notes due September 04, 2021
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)							0.20%
Euro Interbank Offered Rate (EURIBOR) \| Floating rate notes due May 18, 2020
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)								0.30%

Stock-Based Compensation - Summary of RSUs Under the Long-Term Incentive Plans (Details) - 2007 and 2012 Incentive plan - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares
Restricted Stock Units outstanding, beginning balance (in shares)	375	362	446
Granted (in shares)	194	192	187
Released (in shares)	(105)	(146)	(230)
Forfeited (in shares)	(25)	(33)	(41)
Restricted Stock Units outstanding, ending balance (in shares)	439	375	362
Expected to vest as of December 31, 2021 (in shares)	418	361	356
Weighted average grant date fair value
Restricted Stock Units outstanding, beginning balance (usd per share)	$ 122.84
Granted (usd per share)	176.73
Released (usd per share)	192.78
Forfeited (usd per share)	145.76
Restricted Stock Units outstanding, ending balance (usd per share)	$ 128.62	$ 122.84
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Ending balance, weighted average remaining contractual term (years)	1 year 3 months 18 days
Expected to vest, weighted average remaining contractual term (years)	1 year 3 months 18 days
Ending balance, aggregate intrinsic value	$ 79,950
Expected to vest, aggregate intrinsic value	$ 76,235

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Nonredeemable Noncontrolling Interests
Beginning balance at Dec. 31, 2018	$ 7,440,059		$ 797	$ 1,852,173	$ 6,588,197		$ (791,608)	$ (215,745)	$ 6,245
Beginning balance (in shares) at Dec. 31, 2018			79,656					(7,349)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee and director stock plans	(7,509)		$ 1	(7,543)				$ 33
Shares issued under employee and director stock plans (in shares)			130					1
Stock-based compensation expense	23,620			23,620
Repurchases of common stock	(100,079)		$ (8)		(100,071)
Repurchases of common stock (in shares)			(806)
Net earnings attributable to noncontrolling interests	360								360
Currency translation adjustment on noncontrolling interests	2								2
Currency translation adjustment	28,994						28,994
Prior pension and post-retirement benefit service cost and actuarial gain (loss)	(3,210)						(3,210)
Net earnings	744,211				744,211
Ending balance at Dec. 31, 2019	$ 8,126,448	$ (131)	$ 790	1,868,250	7,232,337	$ (131)	(765,824)	$ (215,712)	6,607
Ending balance (in shares) at Dec. 31, 2019			78,980					(7,348)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	Accounting Standards Update 2016-13 [Member]
Shares issued under employee and director stock plans	$ (2,740)		$ 1	(2,805)				$ 64
Shares issued under employee and director stock plans (in shares)			152					2
Stock-based compensation expense	19,697			19,697
Repurchases of common stock	(188,625)		$ (15)		(188,610)
Repurchases of common stock (in shares)			(1,508)
Net earnings attributable to noncontrolling interests	132								132
Currency translation adjustment on noncontrolling interests	103								103
Currency translation adjustment	72,853						72,853
Prior pension and post-retirement benefit service cost and actuarial gain (loss)	(2,174)						(2,174)
Net earnings	515,595				515,595
Ending balance at Dec. 31, 2020	8,541,158		$ 776	1,885,142	7,559,191		(695,145)	$ (215,648)	6,842
Ending balance (in shares) at Dec. 31, 2020			77,624					(7,346)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee and director stock plans	440		$ 1	338				$ 101
Shares issued under employee and director stock plans (in shares)			144					3
Stock-based compensation expense	25,651			25,651
Repurchases of common stock	(900,334)		$ (48)		(900,286)
Repurchases of common stock (in shares)			(4,816)
Net earnings attributable to noncontrolling interests	389								389
Currency translation adjustment on noncontrolling interests	(440)								(440)
Currency translation adjustment	(278,944)						(278,944)
Prior pension and post-retirement benefit service cost and actuarial gain (loss)	7,137						7,137
Net earnings	1,033,159				1,033,159
Ending balance at Dec. 31, 2021	$ 8,428,216		$ 729	$ 1,911,131	$ 7,692,064		$ (966,952)	$ (215,547)	$ 6,791
Ending balance (in shares) at Dec. 31, 2021			72,952					(7,343)

Other Expense (Income) - Summary of Other Expense (Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Nonoperating Income (Expense) [Abstract]
Foreign currency losses (gains), net	$ 6,298	$ 7,815	$ (7,190)
Release of indemnification asset	0	0	(304)
Impairment of joint venture in Brazil	0	3,599	0
Impairment of net investment in a manufacturer and distributor of Ceramic tile in China	0	0	59,906
Resolution of foreign non-income tax contingencies	(6,211)	0	0
All other, net	(12,321)	(12,165)	(16,005)
Total other expense (income), net	$ (12,234)	$ (751)	$ 36,407

Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventOn February 10, 2022, the Company's Board of Directors approved a new share repurchase program, authorizing the Company to repurchase up to $500 million of its common stock (the "2022 Share Repurchase Program"). As of February 10, 2022, there remained zero authorized under the 2021 Share Repurchase Program.

Restructuring, Acquisition Transaction and Integration-Related Costs - Schedule of Restructuring Reserve by Type of Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 19,200	$ 125,357
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring	17,899	101,230	$ 84,844
Acquisition integration-related costs	497	1,153	3,458
Restructuring and acquisition integration-related costs	18,396	102,383	88,302
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring	1,301	24,127	5,497
Acquisition transaction-related costs	2,372	213	1,502
Acquisition integration-related costs	1,568	2,127	5,871
Restructuring and acquisition integration-related costs	$ 5,241	$ 26,467	$ 12,870

Long-Term Debt - Aggregate Maturities Of Long-Term Debt (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Debt Disclosure [Abstract]
2022	$ 624,503
2023	609,994
2024	8,447
2025	7,062
2026	4,790
Thereafter	1,078,606
Aggregate maturities of long-term debt	$ 2,333,402

- Definition

Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.

+ References + Details

Income Taxes - Earnings (Loss) From Continuing Operations Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
United States	$ 380,632	$ 94,829	$ 163,764
Foreign	909,361	489,545	585,781
Earnings before income taxes	$ 1,289,993	$ 584,374	$ 749,545

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

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+ Details

Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Summary of Disaggregated Revenue

The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories during the years ended December 31, 2021, 2020 and 2019, respectively:


December 31, 2021	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Geographical Markets
United States	$	2,193,234	3,978,146	10,248	6,181,628
Europe	849,247		2,731	2,265,914	3,117,892
Russia	299,621		94	150,295	450,010
Other	575,217		135,434	740,432	1,451,083
Total	$	3,917,319	4,116,405	3,166,889	11,200,613

Product Categories
Ceramic & Stone	$	3,903,597	35,057	—	3,938,654
Carpet & Resilient	13,722		3,287,533	992,787	4,294,042
Laminate & Wood	—		793,815	1,058,951	1,852,766
Other(1)	—		—	1,115,151	1,115,151
Total	$	3,917,319	4,116,405	3,166,889	11,200,613


December 31, 2020	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Geographical Markets
United States	$	2,050,470	3,477,556	2,381	5,530,407
Europe	699,715		1,506	1,785,549	2,486,770
Russia	262,846		50	122,934	385,830
Other	419,725		114,963	614,502	1,149,190
Total	$	3,432,756	3,594,075	2,525,366	9,552,197

Product Categories
Ceramic & Stone	$	3,425,672	31,531	—	3,457,203
Carpet & Resilient	7,084		2,871,050	857,754	3,735,888
Laminate & Wood	—		691,494	847,473	1,538,967
Other(1)	—		—	820,139	820,139
Total	$	3,432,756	3,594,075	2,525,366	9,552,197


December 31, 2019	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Geographical Markets
United States	$	2,131,029	3,688,691	2,873	5,822,593
Europe	711,762		6,922	1,813,555	2,532,239
Russia	269,142		66	116,187	385,395
Other	519,209		148,035	563,201	1,230,445
Total	$	3,631,142	3,843,714	2,495,816	9,970,672

Product Categories
Ceramic & Stone	$	3,631,142	55,503	—	3,686,645
Carpet & Resilient	—		3,136,474	785,295	3,921,769
Laminate & Wood	—		651,737	849,340	1,501,077
Other(1)	—		—	861,181	861,181
Total	$	3,631,142	3,843,714	2,495,816	9,970,672

(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

Other Expense (Income) (Tables)

12 Months Ended

Dec. 31, 2021

Other Nonoperating Income (Expense) [Abstract]

Summary of Other Expense (Income)

Following is a summary of other expense (income):


	2021		2020	2019
Foreign currency losses (gains), net	$	6,298	7,815	(7,190)
Release of indemnification asset	—		—	(304)
Impairment of joint venture in Brazil	—		3,599	—

Impairment of net investment in a manufacturer and distributor of Ceramic tile in China(1)	—		—	59,906
Resolution of foreign non-income tax contingencies	(6,211)		—	—
All other, net	(12,321)		(12,165)	(16,005)
Total other expense (income), net	$	(12,234)	(751)	36,407

(1) During 2019, the Company determined that its net investment in a manufacturer and distributor of ceramic tile in China was impaired and therefore recorded a net impairment charge of $59,906.

Long-Term Debt - Commercial Paper (Details) - USD ($)			12 Months Ended
Long-Term Debt - Commercial Paper (Details) - USD ($)	Jul. 31, 2015	Feb. 28, 2014	Dec. 31, 2021	Dec. 31, 2020	Oct. 18, 2019
United States \| Commercial Paper
Line of Credit Facility [Line Items]
Maturity period of debt			20 days 11 hours 2 minutes
Maximum borrowing capacity under credit facility					$ 1,800,000,000
United States \| Maximum \| Commercial Paper
Line of Credit Facility [Line Items]
Maturity period of debt		397 days
Europe \| Commercial Paper
Line of Credit Facility [Line Items]
Maturity period of debt	183 days		25 days 3 hours 25 minutes 55 seconds
Carrying Value \| United States
Line of Credit Facility [Line Items]
Commercial paper			$ 598,000,000	$ 0
Carrying Value \| United States \| Commercial Paper
Line of Credit Facility [Line Items]
Weighted average interest rate on debt			0.37%
Carrying Value \| Europe
Line of Credit Facility [Line Items]
Commercial paper			$ 15,859,000	$ 0
Carrying Value \| Europe \| Commercial Paper
Line of Credit Facility [Line Items]
Weighted average interest rate on debt			(0.43%)

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$ 122,886	$ 124,708	$ 127,213
Operating cash flows from finance leases	772	690	349
Financing cash flows from finance leases	9,289	6,386	3,975
Right of use assets obtained in exchange for lease obligations:
Operating leases	186,605	110,036	133,959
Finance leases	13,395	18,248	20,464
Amortization of right of use operating lease assets	$ 115,650	$ 113,898	$ 109,884

Consolidated Statements of Cash Flows Information

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Information [Abstract]

Consolidated Statements of Cash Flows Information

Supplemental disclosures of cash flow information are as follows:


	2021		2020	2019
Net cash paid during the years for:
Interest	$	75,514	44,584	45,241
Income taxes	$	323,718	106,891	123,974

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	117,084	90,767	104,823

Fair value of net assets acquired in acquisition	$	176,924	—	107,290

Liabilities assumed in acquisition	(52,955)		—	(31,053)

	$	123,969	—	76,237

Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Components of Lease Expense

The components of lease costs for the twelve months ended December 31, 2021, 2020 and 2019, respectively, are as follows:


December 31, 2021	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	20,130	104,651	124,781
Short-term	13,415		18,434	31,849
Variable	7,949		30,127	38,076
Sub-leases	(529)		(1,113)	(1,642)
	$	40,965	152,099	193,064

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	9,193	—	9,193
Interest on lease liabilities	—		772	772
	$	9,193	772	9,965
Net lease costs				$	203,029


December 31, 2020	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	25,067	102,504	127,571
Short-term	11,633		16,021	27,654
Variable	8,285		30,036	38,321
Sub-leases	(411)		(741)	(1,152)
	$	44,574	147,820	192,394

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	6,423	—	6,423
Interest on lease liabilities	—		690	690
	$	6,423	690	7,113
Net lease costs				$	199,507


December 31, 2019	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	30,002	97,988	127,990
Short-term	9,725		13,933	23,658
Variable	8,123		29,852	37,975
Sub-leases	(311)		(537)	(848)
	$	47,539	141,236	188,775

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	4,015	—	4,015
Interest on lease liabilities	—		491	491
	$	4,015	491	4,506
Net lease costs				$	193,281

Lease term and discount rate are as follows:


	At December 31, 2021		At December 31, 2020
Weighted Average Remaining Lease Term
Operating Leases	4.7 years		4.5 years
Finance Leases	7.2 years		7.7 years

Weighted Average Discount Rate
Operating Leases	2.4	%	2.8	%
Finance Leases	1.3	%	1.4	%

Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows:


	Classification	At December 31, 2021		At December 31, 2020
Assets
Operating Leases
Right of use operating lease assets	Right of use operating lease assets	$	389,967	323,138
Finance Leases
Property, plant and equipment, gross	Property, plant and equipment	67,984		58,170
Accumulated depreciation	Accumulated depreciation	(19,902)		(12,498)
Property, plant and equipment, net	Property, plant and equipment, net	48,082		45,672
Total lease assets		$	438,049	368,810

Liabilities
Operating Leases
Other current	Current operating lease liabilities	$	104,434	98,042
Non-current	Non-current operating lease liabilities	297,390		234,726
Total operating liabilities		401,824		332,768
Finance Leases
Short-term debt	Short-term debt and current portion of long-term debt	9,560		8,025
Long-term debt	Long-term debt, less current portion	38,390		38,098
Total finance liabilities		47,950		46,123
Total lease liabilities		$	449,774	378,891

Maturity of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2021 are as follows:


Year ending December 31,	Finance Leases		Operating Leases	Total
2022	$	10,223	120,754	130,977
2023	9,393		98,769	108,162
2024	7,696		73,884	81,580
2025	6,210		56,853	63,063
2026	4,624		40,452	45,076
Thereafter	13,112		36,489	49,601
Total lease payments	51,258		427,201	478,459
Less imputed interest	3,308		25,377
Present value, Total	$	47,950	401,824

Maturity of Finance Lease Liabilities

Maturities of lease liabilities as of December 31, 2021 are as follows:


Year ending December 31,	Finance Leases		Operating Leases	Total
2022	$	10,223	120,754	130,977
2023	9,393		98,769	108,162
2024	7,696		73,884	81,580
2025	6,210		56,853	63,063
2026	4,624		40,452	45,076
Thereafter	13,112		36,489	49,601
Total lease payments	51,258		427,201	478,459
Less imputed interest	3,308		25,377
Present value, Total	$	47,950	401,824

Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows:


	Twelve Months Ended
	December 31, 2021		December 31, 2020	December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	122,886	124,708	127,213
Operating cash flows from finance leases	772		690	349
Financing cash flows from finance leases	9,289		6,386	3,975
Right of use assets obtained in exchange for lease obligations:
Operating leases	186,605		110,036	133,959
Finance leases	13,395		18,248	20,464
Amortization:
Amortization of right of use operating lease assets(1)	115,650		113,898	109,884

(1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Consolidated Statements of Cash Flows.

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment

Following is a summary of property, plant and equipment:


	December 31, 2021		December 31, 2020
Land	$	465,240	484,450
Buildings and improvements	1,862,463		1,856,859
Machinery and equipment	6,023,087		5,987,272
Furniture and fixtures	158,315		164,027
Leasehold improvements	102,766		103,172
Construction in progress	638,716		309,486
	9,250,587		8,905,266
Less: accumulated depreciation	4,613,722		4,314,037
Net property, plant and equipment	$	4,636,865	4,591,229

Stock-Based Compensation - Additional Information for RSU's Under The Long-Term Incentive Plans (Details) - 2007 and 2012 Incentive plan - Restricted Stock Units (RSUs) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Shares
Restricted Stock Units outstanding, beginning balance (in shares)	375	362	446
Granted (in shares)	194	192	187
Released (in shares)	(105)	(146)	(230)
Forfeited (in shares)	(25)	(33)	(41)
Restricted Stock Units outstanding, ending balance (in shares)	439	375	362
Expected to vest at end of year (in shares)	418	361	356

Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Contract liabilities

The Company historically records contract liabilities when it receives payment prior to fulfilling a performance obligation. Contract liabilities related to revenues are recorded in accounts payable and accrued expenses on the accompanying condensed consolidating balance sheets. The Company had contract liabilities of $65,744 and $39,466 as of December 31, 2021 and December 31, 2020, respectively.

Performance obligations

Substantially all of the Company’s revenue is recognized at a point in time when the product is either shipped or received from the Company’s facilities and control of the product is transferred to the customer. Accordingly, in any period, the Company does not recognize a significant amount of revenue from performance obligations satisfied or partially satisfied in prior periods and the amount of such revenue recognized during the years ended December 31, 2021, 2020, and 2019 was immaterial.

Costs to obtain a contract

The Company historically incurs certain incremental costs to obtain revenue contracts. These costs relate to marketing display structures and are capitalized when the amortization period is greater than one year, with the amount recorded in other assets on the accompanying condensed consolidated balance sheets. Capitalized costs to obtain contracts were $49,644 and $59,847 as of December 31, 2021 and December 31, 2020, respectively. Straight-line amortization expense recognized during 2021 and 2020 related to these capitalized costs were $61,681 and $68,201, respectively.

Revenue disaggregation


December 31, 2021	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Geographical Markets
United States	$	2,193,234	3,978,146	10,248	6,181,628
Europe	849,247		2,731	2,265,914	3,117,892
Russia	299,621		94	150,295	450,010
Other	575,217		135,434	740,432	1,451,083
Total	$	3,917,319	4,116,405	3,166,889	11,200,613

Product Categories
Ceramic & Stone	$	3,903,597	35,057	—	3,938,654
Carpet & Resilient	13,722		3,287,533	992,787	4,294,042
Laminate & Wood	—		793,815	1,058,951	1,852,766
Other(1)	—		—	1,115,151	1,115,151
Total	$	3,917,319	4,116,405	3,166,889	11,200,613


December 31, 2020	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Geographical Markets
United States	$	2,050,470	3,477,556	2,381	5,530,407
Europe	699,715		1,506	1,785,549	2,486,770
Russia	262,846		50	122,934	385,830
Other	419,725		114,963	614,502	1,149,190
Total	$	3,432,756	3,594,075	2,525,366	9,552,197

Product Categories
Ceramic & Stone	$	3,425,672	31,531	—	3,457,203
Carpet & Resilient	7,084		2,871,050	857,754	3,735,888
Laminate & Wood	—		691,494	847,473	1,538,967
Other(1)	—		—	820,139	820,139
Total	$	3,432,756	3,594,075	2,525,366	9,552,197


December 31, 2019	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Geographical Markets
United States	$	2,131,029	3,688,691	2,873	5,822,593
Europe	711,762		6,922	1,813,555	2,532,239
Russia	269,142		66	116,187	385,395
Other	519,209		148,035	563,201	1,230,445
Total	$	3,631,142	3,843,714	2,495,816	9,970,672

Product Categories
Ceramic & Stone	$	3,631,142	55,503	—	3,686,645
Carpet & Resilient	—		3,136,474	785,295	3,921,769
Laminate & Wood	—		651,737	849,340	1,501,077
Other(1)	—		—	861,181	861,181
Total	$	3,631,142	3,843,714	2,495,816	9,970,672

(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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+ Details

Income Taxes - Reconciliation Of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance as of January 1	$ 1,388,391	$ 1,260,970
Additions based on tax positions related to the current year	458	1,694
Additions for tax positions of acquired companies	0	0
Additions for tax positions of prior years	18,001	7,663
Transition tax planning initiatives	0	0
Reductions resulting from the lapse of the statute of limitations	(3,336)	(1,239)
Reductions due to Luxembourg tax rate change	0	0
Settlements with taxing authorities	0	(497)
Effects of foreign currency translation	(106,991)
Effects of foreign currency translation		119,800
Balance as of December 31	$ 1,296,523	$ 1,388,391

Acquisitions (Details) $ in Thousands			12 Months Ended
Acquisitions (Details) $ in Thousands	Nov. 02, 2021 USD ($)	Sep. 07, 2021 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2019 USD ($) business	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Preliminary goodwill allocation			$ 2,607,909	$ 2,570,027	$ 2,650,831
Distribution Companies in the Netherlands and Czech Republic
Business Acquisition [Line Items]
Purchase agreement price				76,237
Preliminary goodwill allocation				38,366
Intangible assets subject to amortization				$ 12,789
Flooring ROW Segment
Business Acquisition [Line Items]
Purchase agreement price			123,969
Preliminary goodwill allocation			55,258
Intangible assets subject to amortization			19,946
Number of acquisitions \| business				2
Flooring ROW Segment \| Insulation Manufacturer
Business Acquisition [Line Items]
Purchase agreement price		$ 67,285
Flooring ROW Segment \| MDF Production Plant
Business Acquisition [Line Items]
Purchase agreement price	$ 46,348
Flooring ROW Segment \| Other 2021 Acquisitions
Business Acquisition [Line Items]
Preliminary goodwill allocation			1,672
Intangible assets subject to amortization			$ 5,596

Income Taxes - Deferred Tax Assets And Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Accounts receivable	$ 16,550	$ 14,384
Inventories	38,388	44,597
Employee benefits	54,865	39,526
Accrued expenses and other	73,983	103,892
Deductible state tax and interest benefit	7,206	4,042
Intangibles	135,777	152,499
Lease liabilities	106,753	91,359
Federal, foreign and state net operating losses and credits	408,434	433,822
Gross deferred tax assets	841,956	884,121
Valuation allowance	(236,357)	(267,838)
Net deferred tax assets	605,599	616,283
Deferred tax liabilities:
Inventories	(23,484)	(17,403)
Plant and equipment	(467,451)	(489,240)
Intangibles	(188,417)	(197,009)
Right of use assets	(101,935)	(87,351)
Prepaids	(45,077)	(56,140)
Other liabilities	(67,914)	(46,121)
Gross deferred tax liabilities	(894,278)	(893,264)
Net deferred tax liability	$ (288,679)	$ (276,981)

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 1,033,548	$ 515,727	$ 744,571
Other comprehensive income (loss):
Foreign currency translation adjustments	(279,384)	72,956	28,996
Prior pension and post-retirement benefit service cost and actuarial gain (loss), net of tax	7,137	(2,174)	(3,210)
Other comprehensive income (loss)	(272,247)	70,782	25,786
Comprehensive income	761,301	586,509	770,357
Comprehensive income (loss) attributable to noncontrolling interests	(51)	235	360
Comprehensive income attributable to Mohawk Industries, Inc.	$ 761,352	$ 586,274	$ 769,997

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes the components of intangible assets:

Goodwill:


	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Balances as of December 31, 2019
Goodwill	$	1,583,576	874,198	1,439,678	3,897,452
Accumulated impairment losses	(531,930)		(343,054)	(452,441)	(1,327,425)
	1,051,646		531,144	987,237	2,570,027
Goodwill recognized during the period	—		—	(9,642)	(9,642)
Currency translation during the period	(4,085)		—	94,531	90,446
Balances as of December 31, 2020
Goodwill	1,579,491		874,198	1,524,567	3,978,256
Accumulated impairment losses	(531,930)		(343,054)	(452,441)	(1,327,425)
	1,047,561		531,144	1,072,126	2,650,831
Goodwill recognized during the period	—		—	56,930	56,930
Currency translation during the period	(16,224)		—	(83,628)	(99,852)
Balances as of December 31, 2021
Goodwill	1,563,267		874,198	1,497,869	3,935,334
Accumulated impairment losses	(531,930)		(343,054)	(452,441)	(1,327,425)
	$	1,031,337	531,144	1,045,428	2,607,909

Schedule of Indefinite Life Assets Not Subject to Amortization


	Tradenames
Indefinite life assets not subject to amortization:
Balance as of December 31, 2019	$	702,732


Currency translation during the year	24,536
Balance as of December 31, 2020	727,268
Intangible assets acquired during the year	2,725

Currency translation during the year	(35,088)
Balance as of December 31, 2021	$	694,905

Schedule of Intangible Assets Subject to Amortization


	Customer relationships		Patents	Other	Total
Intangible assets subject to amortization:
Balances as of December 31, 2019	$	218,441	2,228	5,478	226,147
Intangible assets acquired during the year	12,789		—	—	12,789
Amortization during the year	(26,612)		(2,195)	(84)	(28,891)
Currency translation during the year	13,921		111	262	14,294
Balances as of December 31, 2020	218,539		144	5,656	224,339
Intangible assets acquired during the year	18,189		4,628	—	22,817
Amortization during the year	(27,820)		(639)	(821)	(29,280)
Currency translation during the year	(12,479)		(211)	(111)	(12,801)
Balances as of December 31, 2021	$	196,429	3,922	4,724	205,075


	December 31, 2021
	Cost		Acquisitions	Currency translation	Accumulated amortization	Net Value
Customer Relationships	$	699,795	18,189	(37,807)	483,748	196,429
Patents	273,570		4,628	(21,862)	252,414	3,922
Other	6,945		—	(159)	2,062	4,724
Total	$	980,310	22,817	(59,828)	738,224	205,075


	December 31, 2020
	Cost		Acquisitions	Currency translation	Accumulated amortization	Net Value
Customer Relationships	$	645,206	12,789	41,800	481,256	218,539
Patents	249,100		—	24,470	273,426	144
Other	6,631		—	314	1,289	5,656
Total	$	900,937	12,789	66,584	755,971	224,339

Amortization Expense


	Years Ended December 31,
	2021		2020	2019
Amortization expense	$	29,280	28,891	27,613

Schedule of Expected Amortization Expense

Estimated amortization expense for the years ending December 31 are as follows:


2022	$	28,747
2023	27,113
2024	26,390
2025	26,195
2026	26,048

Inventories - Net Components of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished goods	$ 1,677,707	$ 1,372,234
Work in process	144,004	126,231
Raw materials	569,961	414,555
Total inventories	$ 2,391,672	$ 1,913,020

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2021
Accounting Policies [Abstract]
Basis Of Presentation	Basis of Presentation Mohawk Industries, Inc. (“Mohawk” or the “Company”), a term which includes the Company and its subsidiaries, is a leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. The Company’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (“LVT”) and sheet vinyl flooring. The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash And Cash Equivalents	Cash and Cash Equivalents The Company considers investments with an original maturity of three months or less when purchased to be cash equivalents.
Short-term Investments	Short-term Investments The Company invests in high quality credit instruments. At December 31, 2021, short-term investments consisted solely of investments in the Company’s commercial paper by its wholly-owned captive insurance company. At December 31, 2020, amounts consisted of a short-duration bond fund and managed income fund. Such investments are not insured by the Federal Deposit Insurance Corporation. The Company’s investment in the short-duration bond fund and managed income fund at December 31, 2020 was classified as an equity security, recorded at fair value based on the closing market price of the security. The Company recognized dividends, realized and unrealized gains and losses to other expense (income), net in the statement of operations.
Fair Value	Fair Value Accounting principles generally accepted in the U.S. define fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. As the basis for evaluating such inputs, a three-tier value hierarchy prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets. Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.
Accounts Receivable and Revenue Recognition	Accounts Receivable and Revenue Recognition The Company recognizes revenues when it satisfies performance obligations as evidenced by the transfer of control of the promised goods to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. The nature of the promised goods are ceramic, stone, carpet, resilient (includes sheet vinyl and LVT), laminate, wood and other flooring products. Payment is typically received 90 days or less from the invoice date. The Company adjusts the amounts of revenue for expected cash discounts, sales allowances, returns, and claims, based upon historical experience. The Company adjusts accounts receivable for doubtful account allowances based upon historical bad debt, claims experience, periodic evaluation of specific customer accounts, and the aging of accounts receivable. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required. The Company accounts for incremental costs of obtaining a contract as an expense when incurred in selling, general and administrative expenses if the amortization period is less than one year. The Company accounts for shipping and handling activities performed after control has been transferred as a fulfillment cost in cost of sales.
Inventories	InventoriesThe Company accounts for all inventories on the first-in, first-out (“FIFO”) method. Inventories are stated at the lower of cost or net realizable value. Cost has been determined using the FIFO method. Costs included in inventory include raw materials, direct and indirect labor and employee benefits, depreciation, general manufacturing overhead and various other costs of manufacturing. Inventories on hand are compared against anticipated future usage, which is a function of historical usage, anticipated future selling price, expected sales below cost, excessive quantities and an evaluation for obsolescence.
Property, Plant And Equipment	Property, Plant and EquipmentProperty, plant and equipment are stated at cost, including capitalized interest. Depreciation is calculated on a straight-line basis over the estimated remaining useful lives, which are 15-40 years for buildings and improvements, 3-25 years for machinery and equipment, the shorter of the estimated useful life or lease term for leasehold improvements and 3-7 years for furniture and fixtures.
Accounting for Business Combinations	Accounting for Business CombinationsThe Company accounts for business combinations under the acquisition method of accounting which requires it to recognize separately from goodwill the assets acquired and the liabilities assumed at their acquisition date fair values. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, the estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s consolidated statements of operations.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets In accordance with the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic (“ASC”) 350, Intangibles-Goodwill and Other, the Company tests goodwill and other intangible assets with indefinite lives for impairment on an annual basis on the first day of the fourth quarter (or on an interim basis if an event occurs that might reduce the fair value of the reporting unit below its carrying value). The Company considers the relationship between its market capitalization and its book value, among other factors, when reviewing for indicators of impairment. The goodwill impairment tests are based on determining the fair value of the specified reporting units based on management’s judgments and assumptions using the discounted cash flows and comparable company market valuation approaches. The Company has identified Global Ceramic, Flooring NA, and Flooring ROW as its reporting units for the purposes of allocating goodwill and intangibles as well as assessing impairments. The valuation approaches are subject to key judgments and assumptions that are sensitive to change such as judgments and assumptions about appropriate sales growth rates, operating margins, weighted average cost of capital (“WACC”), and comparable company market multiples. When developing these key judgments and assumptions, the Company considers economic, operational and market conditions that could impact the fair value of the reporting unit. However, estimates are inherently uncertain and represent only management’s reasonable expectations regarding future developments. These estimates and the judgments and assumptions upon which the estimates are based will, in all likelihood, differ in some respects from actual future results. Should a significant or prolonged deterioration in economic conditions occur, such as continued declines in spending for new construction, remodeling and replacement activities; the inability to pass increases in the costs of raw materials and fuel on to customers; or a decline in comparable company market multiples, then key judgments and assumptions could be impacted. The impairment evaluation for indefinite lived intangible assets, which for the Company are its trademarks, is conducted on the first day of the fourth quarter of each year, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The impairment tests for indefinite lived intangible assets may be completed through an assessment of qualitative factors to determine the existence of events or circumstances that would indicate that it is not more likely than not that the fair value of these assets is less than their carrying amounts. If the qualitative assessment indicates it is not more likely than not that the fair value of these assets is less than their carrying amounts, a quantitative impairment test is not required. If a quantitative test is necessary, the Company estimates the fair value of the intangible asset and compares it to its carrying amount. If the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The Company may also elect to bypass the qualitative assessment and perform a quantitative impairment test in any period. If the Company elects to perform a quantitative impairment test, it may resume the qualitative assessment in subsequent periods. The determination of fair value used in the impairment evaluation is based on discounted estimates of future sales projections attributable to ownership of the trademarks. Significant judgments inherent in this analysis include assumptions about appropriate sales growth rates, royalty rates, applicable discount rate and the amount of expected future cash flows. The judgments and assumptions used in the estimate of fair value are generally consistent with past performance and are also consistent with the projections and assumptions that are used in current operating plans. Such assumptions are subject to change as a result of changing economic and competitive conditions. The determination of fair value is highly sensitive to differences between estimated and actual cash flows and changes in the related discount rate used to evaluate the fair value of the trademarks. Estimated cash flows are sensitive to changes in the economy among other things. Intangible assets that do not have indefinite lives are amortized based on average lives, which range from 7-20 years.
Leases	Leases The Company measures right of use (“ROU”) assets and lease liabilities based on the present value of the future minimum lease payments over the lease term at the commencement date. Minimum lease payments include the fixed lease and non-lease components of the agreement, as well as any variable rent payments that depend on an index, initially measured using the index at the lease commencement date. The ROU assets are adjusted for any initial direct costs incurred less any lease incentives received, in addition to payments made on or before the commencement date of the lease. The Company recognizes lease expense for leases on a straight-line basis over the lease term. As the implicit rate is not readily determinable for most of the Company’s lease agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company’s credit spread adjusted for current market factors and foreign currency rates. The Company also made a policy election to determine its incremental borrowing rate, at the initial application date, using the total lease term and the total minimum rental payments, as the Company believes this rate is more indicative of the implied financing cost. The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for service centers, warehouses, showrooms, and machinery and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet and expensed as incurred. The Company enters into lease contracts ranging from 1 to 60 years with a majority of the Company’s lease terms ranging from 1 to 10 years. Some leases include one or more options to renew, with renewal terms that can extend the lease term from 3 to 10 years or more. The exercise of these lease renewal options is at the Company’s sole discretion. An insignificant number of the Company’s leases include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term.
Income Taxes	Income TaxesIncome taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to unrecognized tax benefits in income tax expense.
Financial Instruments	Financial InstrumentsThe Company’s financial instruments consist primarily of short-term investments, receivables, accounts payable, accrued expenses and long-term debt. The carrying amounts of receivables, accounts payable and accrued expenses approximate their fair value because of the short-term maturity of such instruments. The Company has a wholly-owned captive insurance company that may periodically invest in the Company’s commercial paper. These short-term commercial paper investments are classified as trading securities and carried at fair value based upon level two fair value hierarchy. The carrying amount of the Company’s floating rate debt approximates its fair value based upon level two fair value hierarchy. Interest rates that are currently available to the Company for issuance of long-term debt with similar terms and remaining maturities are used to estimate the fair value of the Company’s long-term debt.
Advertising Costs and Vendor Consideration	Advertising Costs and Vendor ConsiderationAdvertising and promotion expenses are charged to earnings during the period in which they are incurred.Vendor consideration, generally cash, is classified as a reduction of net sales, unless specific criteria are met regarding goods or services that the Company may receive in return for this consideration. The Company makes various payments to customers, including rebates, slotting fees, advertising allowances, buy-downs and co-op advertising. All of these payments reduce gross sales with the exception of co-op advertising.
Product Warranties	Product WarrantiesThe Company warrants certain qualitative attributes of its flooring products. The Company has recorded a provision for estimated warranty and related costs, based on historical experience and periodically adjusts these provisions to reflect actual experience.
Impairment of Long-Lived Assets	Impairment of Long-Lived AssetsThe Company reviews its long-lived asset groups, which include intangible assets such as patents and customer relationships subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of such asset groups may not be recoverable. Recoverability of asset groups to be held and used is measured by a comparison of the carrying amount of long-lived assets to future undiscounted net cash flows expected to be generated by these asset groups. If such asset groups are considered to be impaired, the impairment recognized is the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. Assets held for sale are reported at the lower of the carrying amount or fair value less estimated costs of disposal and are no longer depreciated.
Foreign Currency Translation	Foreign Currency TranslationThe Company’s subsidiaries that operate outside the United States generally use their local currency as the functional currency. The functional currency is translated into U.S. Dollars for balance sheet accounts using the month end rates in effect as of the balance sheet date and average exchange rate for revenue and expense accounts for each respective period. The translation adjustments are deferred as a separate component of stockholders’ equity, within accumulated other comprehensive income (loss). Gains or losses resulting from transactions denominated in foreign currencies are included in other income or expense, within the consolidated statements of operations.
Hedges of Net Investments in Non-U.S. Operations	Hedges of Net Investments in Non-U.S. OperationsThe Company has numerous investments outside the United States. The net assets of these subsidiaries are exposed to changes and volatility in currency exchange rates. The Company has in the past and might in the future use foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. The gains and losses on the Company’s net investments in its non-U.S. operations are economically offset by losses and gains on its foreign currency borrowings. In June 2015, the Company designated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. On October 19, 2021, the Company redeemed at par the 2.00% Senior Notes, originally due on January 14, 2022, and paid the remaining €500 million outstanding principal of the 2.00% Senior Notes, plus any unpaid interest, utilizing cash on hand. In connection with this repayment, the Company dedesignated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. For the period January 1, 2021 through October 19, 2021, the change in the U.S. dollar value of the Company’s euro denominated debt was a decrease of $35,363 ($26,928 net of taxes). For the years ended December 31, 2020 and December 31, 2019, the change in the U.S. dollar value of the Company’s euro denominated debt was an increase of $54,907 ($41,708 net of taxes) and a decrease of $12,049 ($9,153 net of taxes), respectively. Changes in the U.S. dollar value of the Company’s euro denominated debt are recorded in the foreign currency translation adjustment component of accumulated other comprehensive income (loss).
Earnings per Share ("EPS")	Earnings per Share (“EPS”)Basic net earnings per share (“EPS”) is calculated using net earnings available to common stockholders divided by the weighted-average number of shares of common stock outstanding during the year. Diluted EPS is similar to basic EPS except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.Dilutive common stock options and unvested restricted shares (units) are included in the diluted EPS calculation using the treasury stock method. There were no common stock options and unvested restricted shares (units) that were excluded from the diluted EPS computation because the price was greater than the average market price of the common shares for the periods presented for 2021, 2020 and 2019.
Stock-Based Compensation	Stock-Based CompensationThe Company recognizes compensation expense for all share-based payments granted based on the grant-date fair value estimated in accordance with ASC 718-10, “Stock Compensation”. Compensation expense is generally recognized on a straight-line basis over the awards’ estimated lives for fixed awards with ratable vesting provisions.
Employee Benefit Plans	Employee Benefit PlansThe Company has 401(k) retirement savings plans (the “Mohawk Plan”) open to substantially all U.S. and Puerto Rico based employees who have completed 60 days of eligible service. The Company contributes $.50 for every $1.00 of employee contributions up to a maximum of 6% of the employee’s salary based upon each individual participants election. Employee and employer contributions to the Mohawk Plan were $67,044 and $23,884 in 2021, $56,241 and $13,509 in 2020 and $57,354 and $23,008 in 2019, respectively. The Company also has various pension plans covering employees in Belgium, France, and the Netherlands (the “Non-U.S. Plans”) within the Flooring ROW Segment. Benefits under the Non-U.S. Plans depend on compensation and years of service. The Non-U.S. Plans are funded in accordance with local regulations. The Company uses December 31 as the measurement date for its Non-U.S. Plans.
Comprehensive Income (Loss)	Comprehensive Income (Loss)Comprehensive income (loss) includes foreign currency translation of assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature, pension and post-retirement benefit service cost. The Company does not provide income taxes on currency translation adjustments, as earnings from foreign subsidiaries are considered to be indefinitely reinvested. The Company presents currency translation adjustments on noncontrolling interests separately from currency translation adjustments on controlling interests in accumulated other comprehensive income (loss) within stockholders’ equity.
Self-Insurance Reserves	Self-Insurance ReservesThe Company is self-insured in the U.S. for various levels of general liability, automobile liability, workers’ compensation and employee medical coverage. Insurance reserves are calculated on an undiscounted basis based on actual claim data and estimates of incurred but not reported claims developed utilizing historical claim trends. Projected settlements and incurred but not reported claims are estimated based on pending claims and historical trends and data. Though the Company does not expect them to do so, actual settlements and claims could differ materially from those estimated. Material differences in actual settlements and claims could have an adverse effect on the Company’s results of operations and financial condition. The Company has a wholly-owned captive insurance company, Mohawk Assurance Services, Inc. (“MAS”). MAS insures the retained portion of the Company’s U.S. general liability, automobile liability, workers’ compensation exposures, pandemic, terrorism and medical coverage to MAS.
Fiscal Year	Fiscal YearThe Company ends its fiscal year on December 31. Each of the first three quarters in the fiscal year ends on the Saturday nearest the calendar quarter end with a thirteen week fiscal quarter.
Recent Accounting Pronouncements	Recent Accounting Pronouncements - Recently Adopted In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes which simplified the accounting for income taxes in several areas by removing certain exceptions and by clarifying and amending existing guidance applicable to accounting for income taxes. The Company adopted the new standard on January 1, 2021. The effect of adopting the new standard was not material. In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which was further amended by additional accounting standards updates issued by the FASB. The new standard replaced the incurred loss impairment methodology for recognizing credit losses with a new methodology that requires recognition of lifetime expected credit losses when a financial asset is originated or purchased, even if the risk of loss is remote. The new methodology (referred to as the current expected credit losses model, or "CECL") applies to most financial assets measured at amortized cost, including trade receivables, and requires consideration of a broader range of reasonable and supportable information to estimate expected credit losses. The Company adopted the new standard on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. The amendments remove the second step of the current goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. The Company adopted the new standard in the fourth quarter of 2019. The effect of adopting the new standard was not material. In February 2016, the FASB issued a new standard ASU 2016-02, Leases, and subsequently issued additional ASUs amending this ASU (collectively ASC 842, Leases). ASC 842 was issued to increase transparency and comparability among organizations by requiring the recognition of right of use (“ROU”) assets and lease liabilities on the balance sheet. Most prominent among the changes in the standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The Company adopted the provisions of ASC 842 on January 1, 2019 using a modified retrospective approach through a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption in line with the new transition method allowed under ASU 2018-11. ASC 842 provides a number of optional practical expedients in transition. The Company elected the “package of practical expedients” which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight and elected the practical expedient pertaining to land easements. The new standard also provides practical expedients for an entity’s ongoing accounting for leases. The Company elected the short-term lease exemption for all leases that qualify, meaning the Company will not recognize ROU assets or lease liabilities for leases with terms shorter than twelve months. The Company also elected the practical expedient to not separate lease and non-lease components for a majority of its asset classes, including real estate and most equipment. The adoption of ASC 842 had a material impact on the Company’s condensed consolidated balance sheets, but did not have a material impact on the Company’s condensed consolidated statements of operations or cashflow. The most significant impact was the recognition of ROU assets of $328,169 and lease liabilities for operating leases of $332,286 at January 1, 2019, based on the present value of the future minimum rental payments for existing operating leases. The difference in the balances is due to deferred rent, tenant incentive allowances and prepaid amounts taken into account for adoption. The Company’s accounting for finance leases remained substantially unchanged. See Note 12, Leases. On January 1, 2019, the Company adopted the new accounting standard, ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The standard permits entities to reclassify, to retained earnings, the one-time income tax effects stranded in accumulated other comprehensive income arising from the change in the U.S. federal corporate tax rate as a result of the Tax Cuts and Jobs Act of 2017. The effect of adopting the new standard was not material.

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company had approximately $1,432 and $787 in standby letters of credit for various insurance contracts and commitments to foreign vendors as of December 31, 2021 and 2020, respectively that expire within two years. The Company is involved in various lawsuits, claims, investigations and other legal matters from time to time in the regular course of its business. Except as noted below and in Note 15, Income Taxes Belgian Tax Matter, there are no material legal proceedings pending or known by the Company to be contemplated to which the Company is a party or to which any of its property is subject. Perfluorinated Compounds (“PFCs”) Litigation In September 2016, the Water Works and Sewer Board of the City of Gadsden, Alabama (the “Gadsden Water Board”) filed an individual complaint in the Circuit Court of Etowah County, Alabama against certain manufacturers, suppliers, and users of chemicals containing specific PFCs, including the Company. In May 2017, the Water Works and Sewer Board of the Town of Centre, Alabama (the “Centre Water Board”) filed a similar complaint in the Circuit Court of Cherokee County, Alabama. The Gadsden Water Board and the Centre Water Board both seek monetary damages and injunctive relief claiming that their water supplies contain excessive amounts of PFCs. Certain defendants, including the Company, filed dispositive motions in each case arguing that the Alabama state courts lack personal jurisdiction over them. These motions were denied. In June and September 2018, certain defendants, including the Company, petitioned the Alabama Supreme Court for Writs of Mandamus directing each lower court to enter an order granting the defendants’ dispositive motions on personal jurisdiction grounds. The Alabama Supreme Court denied the petitions on December 20, 2019. Certain defendants, including the Company, filed an Application for Rehearing with the Alabama Supreme Court asking the court to reconsider its December 2019 decision. The Alabama Supreme Court denied the application for rehearing. On August 21, 2020, certain defendants, including the Company, petitioned the Supreme Court of the United States for review of the matter. On January 19, 2021, the Supreme Court denied the defendants’ petition for review. In December 2019, the City of Rome, Georgia (“Rome”) filed a complaint in the Superior Court of Floyd County, Georgia that is similar to the Gadsden Water Board and Centre Water Board complaints, again seeking monetary damages and injunctive relief related to PFCs. Also in December 2019, Jarrod Johnson filed a putative class action in the Superior Court of Floyd County, Georgia purporting to represent all water subscribers with the Rome (Georgia) Water and Sewer Division and/or the Floyd County (Georgia) Water Department and seeking to recover, among other things, damages in the form of alleged increased rates and surcharges incurred by ratepayers for the costs associated with eliminating certain PFCs from their drinking water. In January 2020, defendant 3M Company removed the class action to federal court. The Company filed motions to dismiss in both of these cases. On December 17, 2020, the Superior Court of Floyd County denied the Company’s motion to dismiss in the Rome case. On September 20, 2021, the Northern District of Georgia denied the Company’s motion to dismiss in the class action. The Company denies all liability in these matters and intends to defend them vigorously. Putative Securities Class Action On January 3, 2020, the Company and certain of its executive officers were named as defendants in a putative shareholder class action lawsuit filed in the United States District Court for the Northern District of Georgia (the “Securities Class Action”). The complaint alleges that defendants violated the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making materially false and misleading statements and that the officers are control persons under Section 20(a) of the Securities Exchange Act of 1934. The complaint is filed on behalf of shareholders who purchased shares of the Company’s common stock between April 28, 2017 and July 25, 2019 (“Class Period”). On June 29, 2020, an amended complaint was filed in the Securities Class Action against Mohawk and its CEO Jeff Lorberbaum, based on the same claims and the same Class Period. The amended complaint alleges that the Company (1) engaged in fabricating revenues by attempting delivery to customers that were closed and recognizing these attempts as sales; (2) overproduced product to report higher operating margins and maintained significant inventory that was not salable; and (3) valued certain inventory improperly or improperly delivered inventory with knowledge that it was defective and customers would return it. On October 27, 2020, defendants filed a motion to dismiss the amended complaint. On September 29, 2021, the court issued an order granting in part and denying the defendants’ motion to dismiss the amended complaint. Defendants filed an answer to the amended complaint on November 12, 2021, and fact discovery is ongoing. On January 26, 2022, Lead Plaintiff moved for class certification, to appoint itself as class representative, and for appointment of class counsel. The Company intends to vigorously defend against the claims. Government Subpoenas As previously disclosed, on June 25, 2020, the Company received subpoenas issued by the U.S. Attorney’s Office for the Northern District of Georgia (the “USAO”) and the U.S. Securities and Exchange Commission (the “SEC”) relating to matters similar to the allegations of wrongdoing raised by the Securities Class Action. The Company’s Audit Committee, with the assistance of outside legal counsel, conducted a thorough internal investigation into these allegations. The Audit Committee has completed the investigation and concluded that the allegations of wrongdoing are without merit. The USAO and SEC investigations are ongoing, and the Company is cooperating fully with those authorities. The Company will continue to vigorously defend against the allegations of wrongdoing in the Securities Class Action and does not believe they have merit. Delaware State Court Action The Company and certain of its present and former executive officers were named as defendants in a putative state securities class action lawsuit filed in the Superior Court of the State of Delaware on January 30, 2020. The complaint alleges that defendants violated Sections 11 and 12 of the Securities Act of 1933. The complaint is filed on behalf of shareholders who purchased shares of the Company’s common stock in Mohawk Industries Retirement Plan 1 and Mohawk Industries Retirement Plan 2 between April 27, 2017 and July 25, 2019. On March 27, 2020, the court granted a temporary stay of the litigation. The stay may be lifted at the close of fact discovery in the related Securities Class Action pending in the United States District Court for the Northern District of Georgia according to the terms set forth in the court’s order to stay litigation. The Company intends to vigorously defend against the claims. Georgia State Court Investor Actions The Company and certain of its present and former executive officers were named as defendants in certain investor actions, filed in the State Court of Fulton County of the State of Georgia on April 22, 2021 and April 23, 2021. Four complaints brought on behalf of purported former Mohawk stockholders each allege that defendants defrauded the respective plaintiffs through false or misleading statements and thereby induced plaintiffs to purchase Company stock at artificially inflated prices. The allegations are similar to those of the Securities Class Action pending in the United States District Court for the Northern District of Georgia. The claims alleged include fraud, negligent misrepresentation, violations of the Georgia Securities Act, and violations of the Georgia Racketeering and Corrupt Organizations statute. Plaintiffs in the investor actions seek compensatory and punitive damages. On June 28, 2021, defendants filed motions to dismiss each of the four complaints and answers to the same. On October 5, 2021, all four investor actions were transferred by the State Court of Fulton County to the Metro Atlanta Business Case Division, where fact discovery is ongoing. On January 28, 2022, the Court granted in part and denied in part the motions to dismiss, dismissing the Georgia Securities Act claims as to all defendants, and the negligent misrepresentation claim as to the Company. The Company intends to vigorously defend against the claims. Separate Federal Action The Company and certain of its present and former executive officers were named as defendants in an additional non-class action lawsuit filed in the United States District Court for the Northern District of Georgia on June 22, 2021. The complaint is brought on behalf of a group of purported former Mohawk stockholders and alleges that defendants defrauded the plaintiffs through false or misleading statements and thereby induced plaintiffs to purchase Company stock at artificially inflated prices. The allegations are similar to those of the Securities Class Action. The federal law claims alleged include violations of Sections 10(b) and 18 of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making materially false and misleading statements and that the officers are control persons under Section 20(a) of the Securities Exchange Act of 1934. The state law claims alleged include fraud, negligent misrepresentation, violations of the Georgia Securities Act, and violations of the Georgia Racketeering and Corrupt Organizations statute. Plaintiffs in the lawsuit seek compensatory and punitive damages and attorneys’ fees. On December 13, 2021, defendants filed motions to dismiss the complaint, which remain pending. The Company intends to vigorously defend against the claims. Derivative Actions The Company and certain of its executive officers and directors were named as defendants in certain derivative actions filed in the United States District Court for the Northern District of Georgia on May 18, 2020 and August 6, 2020, respectively (the “NDGA Derivative Actions”), and in the Superior Court of Gordon County of the State of Georgia on March 3, 2021 and July 12, 2021 (the “Georgia Derivative Actions”). The complaints allege that defendants breached their fiduciary duties to the Company by causing the Company to issue materially false and misleading statements. The complaints are filed on behalf of the Company and seek to remedy fiduciary duty breaches occurring from April 28, 2017 – July 25, 2019. On July 20, 2020, the court in the NDGA Derivative Actions granted a temporary stay of the litigation. On October 21, 2020, the court entered an order consolidating the NDGA Derivative Actions and appointing Lead Counsel. Other shareholders of record jointly moved to intervene in the derivative actions to stay the proceedings. On September 28, 2021, the court in the NDGA Derivative Actions issued an order granting the request to intervene. On April 8, 2021, the court in the first-filed of the Georgia Derivative Actions granted a temporary stay of the litigation. On January 18, 2022, the Court in the NDGA Derivative Actions lifted the temporary stay of the litigation. On January 20, 2022, the court in the second-filed of the Georgia Derivative Actions entered an order on scheduling requiring defendants to file and serve their response to the complaint on February 21, 2022. The Company intends to vigorously defend against the claims. General The Company believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable losses that are reasonably estimable. These contingencies are subject to significant uncertainties and the Company is unable to estimate the amount or range of loss, if any, in excess of amounts accrued. The Company does not believe that the ultimate outcome of these actions will have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year. The Company is subject to various federal, state, local and foreign environmental health and safety laws and regulations, including those governing air emissions, wastewater discharges, the use, storage, treatment, recycling and disposal of solid and hazardous materials and finished product, and the cleanup of contamination associated therewith. Because of the nature of the Company’s business, the Company has incurred, and will continue to incur, costs relating to compliance with such laws and regulations. The Company is involved in various proceedings relating to environmental matters and is currently engaged in environmental investigation, remediation and post-closure care programs at certain sites. The Company has provided accruals for such activities that it has determined to be both probable and reasonably estimable. The Company does not expect that the ultimate liability with respect to such activities will have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year.

Income Taxes - Reconciliation Of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income taxes at statutory rate	$ 270,898	$ 122,719	$ 157,404
State and local income taxes, net of federal income tax benefit	25,658	8,081	22,185
Foreign income taxes	(34,981)	(57,898)	(17,276)
Change in valuation allowance	5,947	35,381	(21,975)
European Restructuring	0	0	(136,194)
Loss on previously taxed earnings	0	(10,346)	0
Carryback rate differential	(15,743)	(33,739)	0
Global intangible low-taxed income	34,400	2,500	6,000
Italy Step-up Adjustment	(22,163)	0	0
Tax contingencies and audit settlements, net	12,505	6,779	6,686
Other, net	(20,076)	(4,830)	(11,856)
Total income tax expense	$ 256,445	$ 68,647	$ 4,974

Summary of Significant Accounting Policies - Narrative (Details) $ in Thousands			12 Months Ended
	Oct. 19, 2021 USD ($)	Oct. 19, 2021 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jan. 01, 2019 USD ($)	Jun. 09, 2015 EUR (€)
Significant Accounting Policies [Line Items]
Cash and cash equivalents			$ 268,895	$ 768,625
Advertising and promotion expenses			139,538	105,974	$ 130,207
Co-op advertising expenses			22,092	16,087	11,418
Repayments of senior debt			$ 932,252	326,904	0
Minimum eligible service period (days)			60 days
Employer matching contribution, percent of match			50.00%
Maximum percentage of employee salary company matches at disclosed ratio			6.00%
Employee contributions			$ 67,044	56,241	57,354
Employer contributions to employee benefit plan			23,884	13,509	23,008
Projected benefit obligation			80,324	86,722
Projected plan assets			65,118	68,413
Funded status of plan			15,206	18,309
Right-of-use asset			389,967	323,138
Lease liability			401,824	332,768
2.00% senior notes due January 14, 2022
Significant Accounting Policies [Line Items]
Aggregate principal amount of debts \| €		€ 500,000					€ 500,000,000
Interest rate (as a percent)		2.00%					2.00%
Change in U.S. dollar value of euro denominated debt	$ (35,363)			54,907	(12,049)
Change in U.S. dollar value of euro denominated debt, net of tax	$ (26,928)			41,708	$ (9,153)
Repayments of senior debt \| €		€ 500,000,000
Accounting Standards Update 2016-02
Significant Accounting Policies [Line Items]
Right-of-use asset						$ 328,169
Lease liability						$ 332,286
Accumulated other comprehensive income (loss)
Significant Accounting Policies [Line Items]
Funded status of plan			8,866	11,304
Other noncurrent liabilities
Significant Accounting Policies [Line Items]
Funded status of plan			$ 6,340	7,005
Minimum
Significant Accounting Policies [Line Items]
Finite intangible assets useful life (years)			7 years
Term of lease contracts (in years)			1 year
Term of lease contracts, majority (in years)			1 year
Lease extensions (in years)			3 years
Minimum \| Buildings and improvements
Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant and equipment, minimum (years)			15 years
Minimum \| Machinery and equipment
Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant and equipment, minimum (years)			3 years
Minimum \| Furniture and fixtures
Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant and equipment, minimum (years)			3 years
Maximum
Significant Accounting Policies [Line Items]
Finite intangible assets useful life (years)			20 years
Term of lease contracts (in years)			60 years
Term of lease contracts, majority (in years)			10 years
Lease extensions (in years)			10 years
Maximum \| Buildings and improvements
Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant and equipment, minimum (years)			40 years
Maximum \| Machinery and equipment
Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant and equipment, minimum (years)			25 years
Maximum \| Furniture and fixtures
Significant Accounting Policies [Line Items]
Estimated useful lives of property, plant and equipment, minimum (years)			7 years
Non-US
Significant Accounting Policies [Line Items]
Cash and cash equivalents			$ 200,501	$ 436,948

Accounts Payable and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Components of Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses are as follows:


	December 31, 2021		December 31, 2020
Outstanding checks in excess of cash	$	3,005	5,672
Accounts payable, trade	1,228,621		1,016,897
Accrued expenses	666,209		566,052
Product warranties	45,215		54,692
Accrued interest	17,940		30,403


Accrued compensation and benefits	256,428		222,235
Total accounts payable and accrued expenses	$	2,217,418	1,895,951

Commitments and Contingencies (Details) $ in Thousands			12 Months Ended
Commitments and Contingencies (Details) $ in Thousands	Oct. 05, 2021 complaint	Apr. 23, 2021 complaint	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Georgia State Court Investor Actions
Commitments And Contingencies [Line Items]
Number of complaints		4
Georgia State Court Investor Actions \| Pending Litigation
Commitments And Contingencies [Line Items]
Number of complaints	4
Standby letters of credit related to various insurance contracts and foreign vendor commitments \| Senior Secured Credit Facility
Commitments And Contingencies [Line Items]
Standby letters of credit for various insurance contracts and commitments to foreign vendors \| $			$ 1,432	$ 787
Standby letters of credit related to various insurance contracts and foreign vendor commitments \| Senior Secured Credit Facility \| Maximum
Commitments And Contingencies [Line Items]
Expiration period for standby letters of credit			2 years

Leases

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Leases

Effective January 1, 2019 the Company adopted ASC 842, which requires recognition of right of use (“ROU”) assets and lease liabilities on the balance sheet, based on the present value of the future minimum rental payments for existing operating leases. The Company adopted the provisions of ASC 842 on January 1, 2019 using a modified retrospective approach through a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption in line with the new transition method allowed under ASU 2018-11.

Certain of the Company’s leases include rental payments that will adjust periodically for inflation or certain adjustments based on step increases. An insignificant number of the Company’s leases contain residual value guarantees and none of the Company’s agreements contain material restrictive covenants. Variable rent expenses consist primarily of maintenance, property taxes and charges based on usage.

The Company rents or subleases certain real estate to third parties. The Company’s sublease portfolio consists mainly of operating leases.

The components of lease costs for the twelve months ended December 31, 2021, 2020 and 2019, respectively, are as follows:


December 31, 2021	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	20,130	104,651	124,781
Short-term	13,415		18,434	31,849
Variable	7,949		30,127	38,076
Sub-leases	(529)		(1,113)	(1,642)
	$	40,965	152,099	193,064

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	9,193	—	9,193
Interest on lease liabilities	—		772	772
	$	9,193	772	9,965
Net lease costs				$	203,029


December 31, 2020	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	25,067	102,504	127,571
Short-term	11,633		16,021	27,654
Variable	8,285		30,036	38,321
Sub-leases	(411)		(741)	(1,152)
	$	44,574	147,820	192,394

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	6,423	—	6,423
Interest on lease liabilities	—		690	690
	$	6,423	690	7,113
Net lease costs				$	199,507


December 31, 2019	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	30,002	97,988	127,990
Short-term	9,725		13,933	23,658
Variable	8,123		29,852	37,975
Sub-leases	(311)		(537)	(848)
	$	47,539	141,236	188,775

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	4,015	—	4,015
Interest on lease liabilities	—		491	491
	$	4,015	491	4,506
Net lease costs				$	193,281

Supplemental balance sheet information related to leases is as follows:


	Classification	At December 31, 2021		At December 31, 2020
Assets
Operating Leases
Right of use operating lease assets	Right of use operating lease assets	$	389,967	323,138
Finance Leases
Property, plant and equipment, gross	Property, plant and equipment	67,984		58,170
Accumulated depreciation	Accumulated depreciation	(19,902)		(12,498)
Property, plant and equipment, net	Property, plant and equipment, net	48,082		45,672
Total lease assets		$	438,049	368,810

Liabilities
Operating Leases
Other current	Current operating lease liabilities	$	104,434	98,042
Non-current	Non-current operating lease liabilities	297,390		234,726
Total operating liabilities		401,824		332,768
Finance Leases
Short-term debt	Short-term debt and current portion of long-term debt	9,560		8,025
Long-term debt	Long-term debt, less current portion	38,390		38,098
Total finance liabilities		47,950		46,123
Total lease liabilities		$	449,774	378,891

Maturities of lease liabilities as of December 31, 2021 are as follows:


Year ending December 31,	Finance Leases		Operating Leases	Total
2022	$	10,223	120,754	130,977
2023	9,393		98,769	108,162
2024	7,696		73,884	81,580
2025	6,210		56,853	63,063
2026	4,624		40,452	45,076
Thereafter	13,112		36,489	49,601
Total lease payments	51,258		427,201	478,459
Less imputed interest	3,308		25,377
Present value, Total	$	47,950	401,824

The Company had approximately $10,969 of leases that commenced after December 31, 2021 that created rights and obligations to the Company. These leases are not included in the above maturity schedule.

Lease term and discount rate are as follows:


	At December 31, 2021		At December 31, 2020
Weighted Average Remaining Lease Term
Operating Leases	4.7 years		4.5 years
Finance Leases	7.2 years		7.7 years

Weighted Average Discount Rate
Operating Leases	2.4	%	2.8	%
Finance Leases	1.3	%	1.4	%

Supplemental cash flow information related to leases was as follows:


	Twelve Months Ended
	December 31, 2021		December 31, 2020	December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	122,886	124,708	127,213
Operating cash flows from finance leases	772		690	349
Financing cash flows from finance leases	9,289		6,386	3,975
Right of use assets obtained in exchange for lease obligations:
Operating leases	186,605		110,036	133,959
Finance leases	13,395		18,248	20,464
Amortization:
Amortization of right of use operating lease assets(1)	115,650		113,898	109,884

(1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Consolidated Statements of Cash Flows.

Leases

The Company rents or subleases certain real estate to third parties. The Company’s sublease portfolio consists mainly of operating leases.

The components of lease costs for the twelve months ended December 31, 2021, 2020 and 2019, respectively, are as follows:


December 31, 2021	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	20,130	104,651	124,781
Short-term	13,415		18,434	31,849
Variable	7,949		30,127	38,076
Sub-leases	(529)		(1,113)	(1,642)
	$	40,965	152,099	193,064

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	9,193	—	9,193
Interest on lease liabilities	—		772	772
	$	9,193	772	9,965
Net lease costs				$	203,029


December 31, 2020	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	25,067	102,504	127,571
Short-term	11,633		16,021	27,654
Variable	8,285		30,036	38,321
Sub-leases	(411)		(741)	(1,152)
	$	44,574	147,820	192,394

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	6,423	—	6,423
Interest on lease liabilities	—		690	690
	$	6,423	690	7,113
Net lease costs				$	199,507


December 31, 2019	Cost of Goods Sold		Selling, General and Administrative	Total
Operating lease costs
Fixed	$	30,002	97,988	127,990
Short-term	9,725		13,933	23,658
Variable	8,123		29,852	37,975
Sub-leases	(311)		(537)	(848)
	$	47,539	141,236	188,775

	Depreciation and Amortization		Interest	Total
Finance lease costs
Amortization of leased assets	$	4,015	—	4,015
Interest on lease liabilities	—		491	491
	$	4,015	491	4,506
Net lease costs				$	193,281

Supplemental balance sheet information related to leases is as follows:


	Classification	At December 31, 2021		At December 31, 2020
Assets
Operating Leases
Right of use operating lease assets	Right of use operating lease assets	$	389,967	323,138
Finance Leases
Property, plant and equipment, gross	Property, plant and equipment	67,984		58,170
Accumulated depreciation	Accumulated depreciation	(19,902)		(12,498)
Property, plant and equipment, net	Property, plant and equipment, net	48,082		45,672
Total lease assets		$	438,049	368,810

Liabilities
Operating Leases
Other current	Current operating lease liabilities	$	104,434	98,042
Non-current	Non-current operating lease liabilities	297,390		234,726
Total operating liabilities		401,824		332,768
Finance Leases
Short-term debt	Short-term debt and current portion of long-term debt	9,560		8,025
Long-term debt	Long-term debt, less current portion	38,390		38,098
Total finance liabilities		47,950		46,123
Total lease liabilities		$	449,774	378,891

Maturities of lease liabilities as of December 31, 2021 are as follows:


Year ending December 31,	Finance Leases		Operating Leases	Total
2022	$	10,223	120,754	130,977
2023	9,393		98,769	108,162
2024	7,696		73,884	81,580
2025	6,210		56,853	63,063
2026	4,624		40,452	45,076
Thereafter	13,112		36,489	49,601
Total lease payments	51,258		427,201	478,459
Less imputed interest	3,308		25,377
Present value, Total	$	47,950	401,824

Lease term and discount rate are as follows:


	At December 31, 2021		At December 31, 2020
Weighted Average Remaining Lease Term
Operating Leases	4.7 years		4.5 years
Finance Leases	7.2 years		7.7 years

Weighted Average Discount Rate
Operating Leases	2.4	%	2.8	%
Finance Leases	1.3	%	1.4	%

Supplemental cash flow information related to leases was as follows:


	Twelve Months Ended
	December 31, 2021		December 31, 2020	December 31, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	122,886	124,708	127,213
Operating cash flows from finance leases	772		690	349
Financing cash flows from finance leases	9,289		6,386	3,975
Right of use assets obtained in exchange for lease obligations:
Operating leases	186,605		110,036	133,959
Finance leases	13,395		18,248	20,464
Amortization:
Amortization of right of use operating lease assets(1)	115,650		113,898	109,884

(1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Consolidated Statements of Cash Flows.

Goodwill and Other Intangible Assets - Net Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible Assets, Net:
Cost	$ 980,310	$ 900,937
Acquisitions	22,817	12,789
Currency translation	(59,828)	66,584
Accumulated amortization	738,224	755,971
Net Value	205,075	224,339	$ 226,147
Customer relationships
Intangible Assets, Net:
Cost	699,795	645,206
Acquisitions	18,189	12,789
Currency translation	(37,807)	41,800
Accumulated amortization	483,748	481,256
Net Value	196,429	218,539	218,441
Patents
Intangible Assets, Net:
Cost	273,570	249,100
Acquisitions	4,628	0
Currency translation	(21,862)	24,470
Accumulated amortization	252,414	273,426
Net Value	3,922	144	$ 2,228
Other
Intangible Assets, Net:
Cost	6,945	6,631
Acquisitions	0	0
Currency translation	(159)	314
Accumulated amortization	2,062	1,289
Net Value	$ 4,724	$ 5,656

Acquisitions	12 Months Ended
Acquisitions	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions 2021 Acquisitions During 2021, the Company made acquisitions in the Flooring ROW Segment totaling $123,969, including the acquisition of an insulation manufacturer, on September 7, 2021 for $67,285 and the acquisition of a MDF production plant on November 2, 2021 for $46,348. The Company’s acquisitions resulted in a preliminary goodwill allocation of $55,258 and intangible assets subject to amortization of $19,946. The goodwill is not expected to be deductible for tax purposes. The remaining acquisitions resulted in preliminary goodwill of $1,672 and intangible assets subject to amortization of $5,596. 2019 Acquisitions During 2019, the Company acquired two hard surface flooring distribution companies based in the Netherlands and the Czech Republic for $76,237, which resulted in allocations of goodwill of $38,366 and intangible assets subject to amortization of $12,789. The results have been included in the Flooring ROW Segment and are not material to the Company’s consolidated results of operations.

Segment Reporting

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Reporting

The Company has three reporting segments: the Global Ceramic Segment, the Flooring NA Segment and the Flooring ROW Segment. The Global Ceramic Segment designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone, porcelain slabs, quartz countertops and other products, which it distributes primarily in North America, Europe, South America and Russia through its network of regional distribution centers and Company-operated service centers using company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through Company-operated service centers, independent distributors, home center retailers, tile and flooring retailers and contractors. The Flooring NA Segment designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, laminate, resilient (includes sheet vinyl and LVT) and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses using company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through various selling channels, including independent floor covering retailers, distributors, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial contractors and commercial end users. The Flooring ROW Segment designs, manufactures, sources, licenses and markets laminate, sheet vinyl, LVT, wood flooring, roofing elements, insulation boards, medium-density fiberboard (“MDF”), chipboards other wood products, which it distributes primarily in Europe, Australia, New Zealand and Russia through various selling channels, which include retailers, company-operated distributors, independent distributors and home centers.

The accounting policies for each operating segment are consistent with the Company’s policies for the consolidated financial statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income. No single customer accounted for more than 10% of net sales for the years ended December 31, 2021, 2020 or 2019.

Segment information is as follows:


	2021		2020	2019
Assets:
Global Ceramic Segment	$	5,160,776	5,250,069	5,419,896
Flooring NA Segment	4,125,960		3,594,976	3,823,654
Flooring ROW Segment	4,361,741		4,194,447	3,925,246
Corporate and intersegment eliminations	576,040		1,288,259	217,884
Total	$	14,224,517	14,327,751	13,386,680

Geographic net sales:
United States	$	6,181,628	5,530,407	5,822,593
Europe	3,117,892		2,486,770	2,532,239
Russia	450,010		385,830	385,395
Other	1,451,083		1,149,190	1,230,445
Total	$	11,200,613	9,552,197	9,970,672

Long-lived assets: (1)
United States	$	3,334,256	3,303,197	3,391,676
Belgium	1,783,259		1,808,571	1,645,104
Other	2,127,259		2,130,292	2,232,164
Total	$	7,244,774	7,242,060	7,268,944

Net sales by product categories:
Ceramic & Stone	$	3,938,654	3,457,203	3,686,645
Carpet & Resilient	4,294,042		3,735,888	3,921,769
Laminate & Wood	1,852,766		1,538,967	1,501,077
Other (2)	1,115,151		820,139	861,181
Total	$	11,200,613	9,552,197	9,970,672

Net sales:
Global Ceramic Segment	$	3,917,319	3,432,756	3,631,142
Flooring NA Segment	4,116,405		3,594,075	3,843,714
Flooring ROW Segment	3,166,889		2,525,366	2,495,816

Total	$	11,200,613	9,552,197	9,970,672

(1)Long-lived assets are composed of property, plant and equipment - net, and goodwill.

(2)Other includes roofing elements, insulation boards, chipboards and IP contracts.


	2021		2020	2019
Operating income (loss):
Global Ceramic Segment	$	403,135	167,731	335,639
Flooring NA Segment	407,577		147,442	177,566
Flooring ROW Segment	571,126		366,934	353,666
Corporate and intersegment eliminations	(46,827)		(46,105)	(39,647)
Total	$	1,335,011	636,002	827,224

Depreciation and amortization:
Global Ceramic Segment	$	210,634	215,488	211,679
Flooring NA Segment	211,872		214,599	204,689
Flooring ROW Segment	156,700		164,701	145,417
Corporate	12,505		12,719	14,667
Total	$	591,711	607,507	576,452

Capital expenditures (excluding acquisitions):
Global Ceramic Segment	$	167,224	121,418	244,026
Flooring NA Segment	327,691		186,179	148,820
Flooring ROW Segment	164,318		113,378	147,118
Corporate	16,887		4,582	5,498
Total	$	676,120	425,557	545,462

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Receivables, net - Net Components Of Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Receivables [Abstract]
Customers, trade	$ 1,721,584	$ 1,591,503
Income tax receivable	73,727	112,580
Other	117,823	89,092
Receivables, gross	1,913,134	1,793,175
Less: allowance for discounts, returns, claims and doubtful accounts	73,149	83,682
Receivables, net	$ 1,839,985	$ 1,709,493

Fair Value (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

The following table presents the items measured at fair value as of December 31, 2021 and December 31, 2020:


	Fair Value
	December 31, 2021		December 31, 2020
Cash and cash equivalents:
Money market fund (Level 1)	$	—	197,835
Short-term investments:
Short-term investments (Level 1) (1)	—		571,741
Commercial Paper (Level 2)	323,000		—

(1) The Company’s short-term investments at December 31, 2020 consisted of short-duration bond funds and managed income funds that were designed to deliver current income consistent with the preservation of capital through investing in high- and medium grade fixed income securities. The investments were readily convertible into cash.

Revenue from Contracts with Customers - Summary of Disaggregated Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 11,200,613	$ 9,552,197	$ 9,970,672
Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	3,938,654	3,457,203	3,686,645
Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	4,294,042	3,735,888	3,921,769
Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	1,852,766	1,538,967	1,501,077
Other
Disaggregation of Revenue [Line Items]
Net sales	1,115,151	820,139	861,181
United States
Disaggregation of Revenue [Line Items]
Net sales	6,181,628	5,530,407	5,822,593
Europe
Disaggregation of Revenue [Line Items]
Net sales	3,117,892	2,486,770	2,532,239
Russia
Disaggregation of Revenue [Line Items]
Net sales	450,010	385,830	385,395
Other
Disaggregation of Revenue [Line Items]
Net sales	1,451,083	1,149,190	1,230,445
Operating segments \| Global Ceramic Segment
Disaggregation of Revenue [Line Items]
Net sales	3,917,319	3,432,756	3,631,142
Operating segments \| Global Ceramic Segment \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	3,903,597	3,425,672	3,631,142
Operating segments \| Global Ceramic Segment \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	13,722	7,084	0
Operating segments \| Global Ceramic Segment \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic Segment \| Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic Segment \| United States
Disaggregation of Revenue [Line Items]
Net sales	2,193,234	2,050,470	2,131,029
Operating segments \| Global Ceramic Segment \| Europe
Disaggregation of Revenue [Line Items]
Net sales	849,247	699,715	711,762
Operating segments \| Global Ceramic Segment \| Russia
Disaggregation of Revenue [Line Items]
Net sales	299,621	262,846	269,142
Operating segments \| Global Ceramic Segment \| Other
Disaggregation of Revenue [Line Items]
Net sales	575,217	419,725	519,209
Operating segments \| Flooring NA Segment
Disaggregation of Revenue [Line Items]
Net sales	4,116,405	3,594,075	3,843,714
Operating segments \| Flooring NA Segment \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	35,057	31,531	55,503
Operating segments \| Flooring NA Segment \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	3,287,533	2,871,050	3,136,474
Operating segments \| Flooring NA Segment \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	793,815	691,494	651,737
Operating segments \| Flooring NA Segment \| Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Flooring NA Segment \| United States
Disaggregation of Revenue [Line Items]
Net sales	3,978,146	3,477,556	3,688,691
Operating segments \| Flooring NA Segment \| Europe
Disaggregation of Revenue [Line Items]
Net sales	2,731	1,506	6,922
Operating segments \| Flooring NA Segment \| Russia
Disaggregation of Revenue [Line Items]
Net sales	94	50	66
Operating segments \| Flooring NA Segment \| Other
Disaggregation of Revenue [Line Items]
Net sales	135,434	114,963	148,035
Operating segments \| Flooring ROW Segment
Disaggregation of Revenue [Line Items]
Net sales	3,166,889	2,525,366	2,495,816
Operating segments \| Flooring ROW Segment \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Flooring ROW Segment \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	992,787	857,754	785,295
Operating segments \| Flooring ROW Segment \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	1,058,951	847,473	849,340
Operating segments \| Flooring ROW Segment \| Other
Disaggregation of Revenue [Line Items]
Net sales	1,115,151	820,139	861,181
Operating segments \| Flooring ROW Segment \| United States
Disaggregation of Revenue [Line Items]
Net sales	10,248	2,381	2,873
Operating segments \| Flooring ROW Segment \| Europe
Disaggregation of Revenue [Line Items]
Net sales	2,265,914	1,785,549	1,813,555
Operating segments \| Flooring ROW Segment \| Russia
Disaggregation of Revenue [Line Items]
Net sales	150,295	122,934	116,187
Operating segments \| Flooring ROW Segment \| Other
Disaggregation of Revenue [Line Items]
Net sales	$ 740,432	$ 614,502	$ 563,201

Segment Reporting - Summary of Segment Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Segment Reporting Information [Line Items]
Number of reporting segments \| segment	3
Assets	$ 14,224,517	$ 14,327,751	$ 13,386,680
Net sales	11,200,613	9,552,197	9,970,672
Long-lived assets	7,244,774	7,242,060	7,268,944
Operating income (loss)	1,335,011	636,002	827,224
Depreciation and amortization	591,711	607,507	576,452
Capital expenditures (excluding acquisitions)	676,120	425,557	545,462
Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	3,938,654	3,457,203	3,686,645
Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	4,294,042	3,735,888	3,921,769
Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	1,852,766	1,538,967	1,501,077
Other
Segment Reporting Information [Line Items]
Net sales	1,115,151	820,139	861,181
United States
Segment Reporting Information [Line Items]
Net sales	6,181,628	5,530,407	5,822,593
Long-lived assets	3,334,256	3,303,197	3,391,676
Europe
Segment Reporting Information [Line Items]
Net sales	3,117,892	2,486,770	2,532,239
Russia
Segment Reporting Information [Line Items]
Net sales	450,010	385,830	385,395
Belgium
Segment Reporting Information [Line Items]
Long-lived assets	1,783,259	1,808,571	1,645,104
Other
Segment Reporting Information [Line Items]
Net sales	1,451,083	1,149,190	1,230,445
Long-lived assets	2,127,259	2,130,292	2,232,164
Operating segments \| Global Ceramic Segment
Segment Reporting Information [Line Items]
Assets	5,160,776	5,250,069	5,419,896
Net sales	3,917,319	3,432,756	3,631,142
Operating income (loss)	403,135	167,731	335,639
Depreciation and amortization	210,634	215,488	211,679
Capital expenditures (excluding acquisitions)	167,224	121,418	244,026
Operating segments \| Global Ceramic Segment \| Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	3,903,597	3,425,672	3,631,142
Operating segments \| Global Ceramic Segment \| Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	13,722	7,084	0
Operating segments \| Global Ceramic Segment \| Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic Segment \| Other
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic Segment \| Europe
Segment Reporting Information [Line Items]
Net sales	849,247	699,715	711,762
Operating segments \| Global Ceramic Segment \| Russia
Segment Reporting Information [Line Items]
Net sales	299,621	262,846	269,142
Operating segments \| Flooring NA Segment
Segment Reporting Information [Line Items]
Assets	4,125,960	3,594,976	3,823,654
Net sales	4,116,405	3,594,075	3,843,714
Operating income (loss)	407,577	147,442	177,566
Depreciation and amortization	211,872	214,599	204,689
Capital expenditures (excluding acquisitions)	327,691	186,179	148,820
Operating segments \| Flooring NA Segment \| Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	35,057	31,531	55,503
Operating segments \| Flooring NA Segment \| Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	3,287,533	2,871,050	3,136,474
Operating segments \| Flooring NA Segment \| Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	793,815	691,494	651,737
Operating segments \| Flooring NA Segment \| Other
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Flooring NA Segment \| Europe
Segment Reporting Information [Line Items]
Net sales	2,731	1,506	6,922
Operating segments \| Flooring NA Segment \| Russia
Segment Reporting Information [Line Items]
Net sales	94	50	66
Operating segments \| Flooring ROW Segment
Segment Reporting Information [Line Items]
Assets	4,361,741	4,194,447	3,925,246
Net sales	3,166,889	2,525,366	2,495,816
Operating income (loss)	571,126	366,934	353,666
Depreciation and amortization	156,700	164,701	145,417
Capital expenditures (excluding acquisitions)	164,318	113,378	147,118
Operating segments \| Flooring ROW Segment \| Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Flooring ROW Segment \| Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	992,787	857,754	785,295
Operating segments \| Flooring ROW Segment \| Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	1,058,951	847,473	849,340
Operating segments \| Flooring ROW Segment \| Other
Segment Reporting Information [Line Items]
Net sales	1,115,151	820,139	861,181
Operating segments \| Flooring ROW Segment \| Europe
Segment Reporting Information [Line Items]
Net sales	2,265,914	1,785,549	1,813,555
Operating segments \| Flooring ROW Segment \| Russia
Segment Reporting Information [Line Items]
Net sales	150,295	122,934	116,187
Corporate and intersegment eliminations
Segment Reporting Information [Line Items]
Assets	576,040	1,288,259	217,884
Operating income (loss)	(46,827)	(46,105)	(39,647)
Corporate
Segment Reporting Information [Line Items]
Depreciation and amortization	12,505	12,719	14,667
Capital expenditures (excluding acquisitions)	$ 16,887	$ 4,582	$ 5,498

Inventories

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Inventories

The components of inventories are as follows:


	December 31, 2021		December 31, 2020
Finished goods	$	1,677,707	1,372,234
Work in process	144,004		126,231
Raw materials	569,961		414,555
Total inventories	$	2,391,672	1,913,020

Long-Term Debt

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Long-Term Debt

Senior Credit Facility

On October 18, 2019, the Company amended and restated its $1,800,000 senior credit facility, extending the maturity from March 26, 2022 to October 18, 2024 (as amended and restated, the “Senior Credit Facility”). The Senior Credit Facility marginally reduced the commitment fee and modified certain negative covenants to provide the Company with additional flexibility, including flexibility to make acquisitions and incur additional indebtedness. The restatement also renewed the Company’s option to extend the maturity of the Senior Credit Facility up to two times for an additional one-year period each.

At the Company’s election, revolving loans under the Senior Credit Facility bear interest at annual rates equal to either (a) LIBOR for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 1.00% and 1.75% (1.00% as of December 31, 2021), or (b) the higher of the Wells Fargo Bank, National Association prime rate, the Federal Funds rate plus 0.5%, or the Eurocurrency Rate (as defined in the Senior Credit Facility) rate plus 1.0%, plus an applicable margin ranging between 0.00% and 0.75% (0.00% as of December 31, 2021). The Company also pays a commitment fee to the lenders under the Senior Credit Facility on the average amount by which the aggregate commitments of the lenders exceed utilization of the Senior Credit Facility ranging from 0.09% to 0.20% per annum (0.09% as of December 31, 2021). The applicable margins and the commitment fee are determined based on whichever of the Company’s Consolidated Net Leverage Ratio or its senior unsecured debt rating (or if not available, corporate family rating) results in the lower applicable margins and commitment fee (with applicable margins and the commitment fee increasing as that ratio increases or those ratings decline, as applicable). On October 28, 2021, the Company further amended the Senior Credit Facility to replace LIBOR for euros with the EURIBOR benchmark rate.

The obligations of the Company and its subsidiaries in respect of the Senior Credit Facility are unsecured.

The Senior Credit Facility includes certain affirmative and negative covenants that impose restrictions on the Company’s financial and business operations, including limitations on liens, subsidiary indebtedness, fundamental changes, asset dispositions, dividends and other similar restricted payments, transactions with affiliates, future negative pledges, and changes in the nature of the Company’s business. The limitations contain customary exceptions or, in certain cases, do not apply as long as the Company is in compliance with the financial ratio requirements and is not otherwise in default. The Senior Credit Facility originally required the Company to maintain a Consolidated Interest Coverage Ratio of at least 3.00 to 1.00 and a Consolidated Net Leverage Ratio of no more than 3.75 to 1.00, each as of the last day of any fiscal quarter. However, on May 7, 2020 the Company amended the Senior Credit Facility to temporarily increase the minimum Consolidated Net Leverage Ratio to 4.75 to 1.00 and to increase the amount of certain adjustments to Net Income that are permitted to calculate the ratio. The relief provided by the amendment is in effect for the fiscal quarters ending on September 26, 2020 through (and including) the fiscal quarter ending December 31, 2021.

The Senior Credit Facility also contains customary representations and warranties and events of default, subject to customary grace periods.

In 2019, the Company paid financing costs of $2,264 in connection with the amendment and restatement of its Senior Credit Facility. These costs were deferred and, along with previously unamortized costs of $3,405 are being amortized over the term of the Senior Credit Facility.

As of December 31, 2021, amounts utilized under the Senior Credit Facility included zero borrowings and $1,432 of standby letters of credit related to various insurance contracts and foreign vendor commitments. Any outstanding borrowings under the Company’s U.S. and European commercial paper programs reduce the availability of the Senior Credit Facility. Including commercial paper borrowings, the Company has utilized $615,291 under the Senior Credit Facility resulting in a total of $1,184,709 available as of December 31, 2021.

Commercial Paper

On February 28, 2014 and July 31, 2015, the Company established programs for the issuance of unsecured commercial paper in the United States and Eurozone capital markets, respectively. Commercial paper issued under the U.S. and European programs will have maturities ranging up to 397 and 183 days, respectively. None of the commercial paper notes may be voluntarily prepaid or redeemed by the Company and all rank pari passu with all of the Company’s other unsecured and unsubordinated indebtedness. To the extent that the Company issues European commercial paper notes through a subsidiary of the Company, the notes will be fully and unconditionally guaranteed by the Company.

The Company uses its Senior Credit Facility as a liquidity backstop for its commercial paper programs. Accordingly, the total amount outstanding under all of the Company’s commercial paper programs may not exceed $1,800,000 (less any amounts drawn on the Senior Credit Facility) at any time.

The proceeds from the issuance of commercial paper notes will be available for general corporate purposes. As of December 31, 2021, there was $598,000 outstanding under the U.S. commercial paper program, and the euro equivalent of $15,859 under the European program. The weighted-average interest rate and maturity period for the U.S. program were 0.37% and 20.5 days, respectively. The weighted-average interest rate and maturity period for the European program were (0.43)% and 25.1 days, respectively.

Senior Notes

On June 12, 2020, Mohawk Capital Finance S.A. (“Mohawk Finance”), an indirect wholly-owned finance subsidiary of the Company, completed the issuance and sale of €500,000 aggregate principal amount of 1.750% Senior Notes (“1.750% Senior Notes”) due June 12, 2027. The 1.750% Senior Notes are senior unsecured obligations of Mohawk Finance and rank pari passu with all of Mohawk Finance’s other existing and future senior unsecured indebtedness. The 1.750% Senior Notes are fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. Interest on the 1.750% Senior Notes is payable annually in cash on June 12 of each year, commencing on June 12, 2021. The Company paid financing costs of $4,400 in connection with the 1.750% Senior Notes. These costs were deferred and are being amortized over the term of the 1.750% Senior Notes.

On May 14, 2020, the Company completed the issuance and sale of $500,000 aggregate principal amount of 3.625% Senior Notes (“3.625% Senior Notes”) due May 15, 2030. The 3.625% Senior Notes are senior unsecured obligations of the Company and rank pari passu with all of the Company’s existing and future unsecured indebtedness. Interest on the 3.625% Senior Notes is payable semi-annually in cash on May 15 and November 15 of each year, commencing on November 15, 2020. The Company paid financing costs of $5,476 in connection with the 3.625% Senior Notes. These costs were deferred and are being amortized over the term of the 3.625% Senior Notes.

On September 4, 2019, Mohawk Finance completed the issuance and sale of €300,000 aggregate principal amount of its Floating Rate Notes due September 4, 2021 (“2021 Floating Rate Notes”). The 2021 Floating Rate Notes were senior unsecured obligations of Mohawk Finance and ranked pari passu with all of Mohawk Finance’s other existing and future senior unsecured indebtedness. The 2021 Floating Rate Notes were fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. These notes bore interest at a rate per annum, reset quarterly, equal to three-month EURIBOR plus 0.2% (but in no event would the interest rate be less than zero). Interest on the 2021 Floating Rate Notes was payable quarterly on December 4, March 4, June 4, and September 4 of each year. Mohawk Finance received an issuance premium of €744 and paid financing cost of $754 in connection with the 2021 Floating Rate Notes. The issuance premium and financing costs were deferred and amortized over the term of the 2021 Floating Rate Notes. On September 7, 2021, the Company paid the remaining €300,000 outstanding principal of the 2021 Floating Rate Notes utilizing cash on hand.

On May 18, 2018, Mohawk Finance completed the issuance and sale of €300,000 aggregate principal amount of its Floating Rate Notes due May 18, 2020 (“2020 Floating Rate Notes”). The 2020 Floating Rate Notes were senior unsecured obligations of Mohawk Finance and ranked pari passu with all of Mohawk Finance’s other existing and future senior unsecured indebtedness. The 2020 Floating Rate Notes were fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. These notes bore interest at a rate per annum, reset quarterly, equal to three-month EURIBOR plus 0.3% (but in no event would the interest rate be less than zero). Interest on the 2020 Floating Rate Notes was payable quarterly on August 18, November 18, February 18, and May 18 of each year. Mohawk Finance paid financing costs of $890 in connection with the 2020 Floating Rate Notes. These costs were deferred and amortized over the term of the 2020 Floating Rate Notes. On May 18, 2020, the Company paid the remaining €300,000 outstanding principal of the 2020 Floating Rate Notes utilizing cash on hand and borrowings under its commercial paper programs.

On June 9, 2015, the Company issued €500,000 aggregate principal amount of 2.00% Senior Notes (“2.00% Senior Notes”) due January 14, 2022. The 2.00% Senior Notes were senior unsecured obligations of the Company and ranked pari passu with all of the Company’s existing and future unsecured indebtedness. Interest on the 2.00% Senior Notes was payable annually in cash on January 14 of each year, commencing on January 14, 2016. The Company paid financing costs of $4,218 in connection with the 2.00% Senior Notes. These costs were deferred and were being amortized over the term of the 2.00% Senior Notes. On October 19, 2021, the Company redeemed at the par the remaining €500,000 outstanding principal of the 2.00% Senior Notes plus any unpaid interest, utilizing cash on hand.

On January 31, 2013, the Company issued $600,000 aggregate principal amount of 3.85% Senior Notes (“3.85% Senior Notes”) due February 1, 2023. The 3.85% Senior Notes are senior unsecured obligations of the Company and rank pari passu with all of the Company’s existing and future unsecured indebtedness. Interest on the 3.85% Senior Notes is payable semi-annually in cash on February 1 and August 1 of each year. The Company paid financing costs of $6,000 in connection with the 3.85% Senior Notes. These costs were deferred and are being amortized over the term of the 3.85% Senior Notes.

As defined in the related agreements, the Company’s senior notes contain covenants, representations and warranties and events of default, subject to exceptions, and restrictions on the Company’s financial and business operations, including limitations on liens, restrictions on entering into sale and leaseback transactions, fundamental changes, and a provision allowing the holder of the notes to require repayment upon a change of control triggering event.

Term Loan

On April 7, 2020, the Company entered into a credit agreement that provided for a $500,000 delayed draw term loan facility (the “Term Loan Facility”). On April 15, 2020, the Company borrowed the full amount on the Term Loan Facility, the proceeds of which could be used for funding working capital and general corporate purposes of the Company. The principal amount of the Term Loan Facility was to be repaid in a single installment on April 6, 2021. The Company could prepay all or a portion of the Term Loan Facility from time to time, plus accrued and unpaid interest. The obligations of the Company and its subsidiaries in respect of the Term Loan Facility were unsecured. The Term Loan Facility was subject to the same affirmative and negative covenants that are applicable to the Senior Credit Facility. The Company recorded financing costs of $1,088 in connection with the Term Loan Facility. On May 15, 2020, the Company prepaid the entire outstanding balance on the Term Loan Facility utilizing cash on hand and proceeds from the 3.625% Senior Notes and associated financing costs were written off in the quarter ending June 27, 2020.

The fair values and carrying values of the Company’s debt instruments are detailed as follows:


	At December 31, 2021			At December 31, 2020
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	601,037	566,380	635,664	615,006
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	538,545		500,000	561,890	500,000
3.85% Senior Notes, payable February 1, 2023; interest payable semi-annually	615,630		600,000	638,844	600,000
2.00% Senior Notes, payable January 14, 2022; interest payable annually	—		—	624,680	615,006


2021 Floating Rate Notes, payable September 04, 2021; interest payable quarterly	—		—	368,738	369,004
U.S. commercial paper	598,000		598,000	—	—
European commercial paper	15,859		15,859	—	—



Finance leases and other	53,163		53,163	46,302	46,302
Unamortized debt issuance costs	(8,617)		(8,617)	(11,176)	(11,176)
Total debt	2,413,617		2,324,785	2,864,942	2,734,142
Less current portion of long term-debt and commercial paper	624,503		624,503	376,989	377,255
Long-term debt, less current portion	$	1,789,114	1,700,282	2,487,953	2,356,887

The fair values of the Company’s debt instruments were estimated using market observable inputs, including quoted prices in active markets, market indices and interest rate measurements. Within the hierarchy of fair value measurements, these are Level 2 fair values.

The aggregate maturities of total debt as of December 31, 2021 are as follows(1):


2022	$	624,503
2023	609,994
2024	8,447
2025	7,062
2026	4,790
Thereafter	1,078,606
	$	2,333,402

(1) Debt maturity table excludes deferred loan costs.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Computations of Basic and Diluted Earnings Per Share

Computations of basic and diluted earnings per share are presented in the following table:


	2021		2020	2019


Net earnings available to common stockholders	$	1,033,159	515,595	744,211

Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding—basic	68,852		71,214	71,986
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net	293		187	278
Weighted-average common shares outstanding-diluted	69,145		71,401	72,264

Earnings per share attributable to Mohawk Industries, Inc.
Basic	$	15.01	7.24	10.34
Diluted	$	14.94	7.22	10.30

Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component, net of tax, for years ended December 31, 2021, 2020 and 2019 are as follows:


	Foreign currency translation adjustments		Prior pension and post-retirement benefit service cost and actuarial gain (loss)	Total
Balance as of December 31, 2018	$	(782,102)	(9,506)	(791,608)
Current period other comprehensive income (loss) before reclassifications	28,994		(3,210)	25,784

Balance as of December 31, 2019	(753,108)		(12,716)	(765,824)
Current period other comprehensive income (loss) before reclassifications	72,853		(2,174)	70,679

Balance as of December 31, 2020	(680,255)		(14,890)	(695,145)
Current period other comprehensive income (loss) before reclassifications	(278,944)		7,137	(271,807)

Balance as of December 31, 2021	$	(959,199)	(7,753)	(966,952)

Fair Value

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Fair Value

For publicly-traded investment securities, which consisted of the Company’s money market, short-duration bond funds and managed income funds, fair value was determined on the basis of quoted market prices and, accordingly, such investments were classified as Level 1. The Company’s wholly-owned captive insurance company may also invest in the Company’s commercial paper. These short-term commercial paper investments are classified as trading securities and carried at fair value based upon the Level 2 fair value hierarchy.

Items Measured at Fair Value

The following table presents the items measured at fair value as of December 31, 2021 and December 31, 2020:


	Fair Value
	December 31, 2021		December 31, 2020
Cash and cash equivalents:
Money market fund (Level 1)	$	—	197,835
Short-term investments:
Short-term investments (Level 1) (1)	—		571,741
Commercial Paper (Level 2)	323,000		—

The fair values and carrying values of the Company’s debt are disclosed in Note 10 - Long-Term Debt.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Receivables, net

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Receivables, net


	December 31, 2021		December 31, 2020
Customers, trade	$	1,721,584	1,591,503
Income tax receivable	73,727		112,580
Other	117,823		89,092
	1,913,134		1,793,175
Less: allowance for discounts, returns, claims and doubtful accounts(1)	73,149		83,682
Receivables, net	$	1,839,985	1,709,493

(1) The Company adopted the new standard, ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements.

The following table reflects the activity of allowances for discounts, returns, claims and doubtful accounts for the years ended December 31:


	Balance at beginning of year		Acquisitions	Additions charged to net sales or costs and expenses	Deductions(1)	Balance at end of year
2019	$	74,718	382	387,253	400,432	61,921
2020	61,921		—	384,403	362,642	83,682
2021	83,682		644	357,635	368,812	73,149

(1) Represents charge-offs, net of recoveries.

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finance Leases
2022	$ 10,223
2023	9,393
2024	7,696
2025	6,210
2026	4,624
Thereafter	13,112
Total lease payments	51,258
Less imputed interest	3,308
Present value, Total	47,950	$ 46,123
Operating Leases
2022	120,754
2023	98,769
2024	73,884
2025	56,853
2026	40,452
Thereafter	36,489
Total lease payments	427,201
Less imputed interest	25,377
Present value, Total	401,824	$ 332,768
Total
2022	130,977
2023	108,162
2024	81,580
2025	63,063
2026	45,076
Thereafter	49,601
Total lease payments	$ 478,459

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 268,895	$ 768,625
Short-term investments	323,000	571,741
Receivables, net	1,839,985	1,709,493
Inventories	2,391,672	1,913,020
Prepaid expenses	394,649	369,432
Other current assets	20,156	31,343
Total current assets	5,238,357	5,363,654
Property, plant and equipment, net	4,636,865	4,591,229
Right of use operating lease assets	389,967	323,138
Goodwill	2,607,909	2,650,831
Tradenames	694,905	727,268
Other intangible assets subject to amortization, net	205,075	224,339
Deferred income taxes and other non-current assets	451,439	447,292
Total assets	14,224,517	14,327,751
Current liabilities:
Short-term debt and current portion of long-term debt	624,503	377,255
Accounts payable and accrued expenses	2,217,418	1,895,951
Current operating lease liabilities	104,434	98,042
Total current liabilities	2,946,355	2,371,248
Deferred income taxes	495,521	493,668
Long-term debt, less current portion	1,700,282	2,356,887
Non-current operating lease liabilities	297,390	234,726
Other long-term liabilities	356,753	330,064
Total liabilities	5,796,301	5,786,593
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $.01 par value; 60 shares authorized; no shares issued	0	0
Common stock, $.01 par value; 150,000 shares authorized; 72,952 and 77,624 shares issued and outstanding in 2021 and 2020, respectively	729	776
Additional paid-in capital	1,911,131	1,885,142
Retained earnings	7,692,064	7,559,191
Accumulated other comprehensive loss	(966,952)	(695,145)
Shareholder's equity before treasury stock	8,636,972	8,749,964
Less: treasury stock at cost; 7,343 and 7,346 shares in 2021 and 2020, respectively	215,547	215,648
Total Mohawk Industries, Inc. stockholders’ equity	8,421,425	8,534,316
Nonredeemable noncontrolling interests	6,791	6,842
Total stockholders’ equity	8,428,216	8,541,158
Total liabilities and stockholders' equity	$ 14,224,517	$ 14,327,751

Leases - Lease Term and Discount Rate (Details)	Dec. 31, 2021	Dec. 31, 2020
Weighted Average Remaining Lease Term
Operating Leases	4 years 8 months 12 days	4 years 6 months
Finance Leases	7 years 2 months 12 days	7 years 8 months 12 days
Weighted Average Discount Rate
Operating Leases	2.40%	2.80%
Finance Leases	1.30%	1.40%

Fair Value - Schedule of Fair Value Measurements (Details) - Fair value, recurring - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 0	$ 571,741
Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	0	197,835
Level 2 \| Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	$ 323,000	$ 0

Receivables, net - Allowances For Discounts, Returns, Claims And Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 83,682	$ 61,921	$ 74,718
Acquisitions	644	0	382
Additions charged to net sales or costs and expenses	357,635	384,403	387,253
Deductions	368,812	362,642	400,432
Balance at end of year	$ 73,149	$ 83,682	$ 61,921

Goodwill and Other Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 29,280	$ 28,891	$ 27,613

Long-Term Debt - Senior Credit Facility (Details)		12 Months Ended
Long-Term Debt - Senior Credit Facility (Details)	Oct. 18, 2019 USD ($)	Dec. 31, 2021 USD ($)	May 07, 2020	Dec. 31, 2019 USD ($)
Senior Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	$ 1,800,000,000
Additional maturity period extended	1 year
Commitment fee (as a percent)		0.09%
Unamortized financing costs	$ 3,405,000
Utilized borrowings under credit facility		$ 615,291,000
Available amount under credit facility		1,184,709,000
Senior Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)	0.09%
Consolidated interest coverage ratio	3.00
Senior Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)	0.20%
Consolidated net leverage ratio	3.75		4.75
Senior Credit Facility \| Borrowings
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility		0
Senior Credit Facility \| Standby letters of credit related to various insurance contracts and foreign vendor commitments
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility		$ 1,432,000
Senior Credit Facility \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)		1.00%
Senior Credit Facility \| London Interbank Offered Rate (LIBOR) \| Minimum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%
Senior Credit Facility \| London Interbank Offered Rate (LIBOR) \| Maximum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.75%
Senior Credit Facility \| Federal Funds Effective Swap Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.50%
Senior Credit Facility \| Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%	0.00%
Senior Credit Facility \| Monthly LIBOR \| Minimum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.00%
Senior Credit Facility \| Monthly LIBOR \| Maximum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.75%
2019 Senior Secured Credit Facility Amendment
Line of Credit Facility [Line Items]
Unamortized financing costs				$ 2,264,000

Consolidated Balance Sheets - Parenthetical - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Stockholders’ equity:
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	60,000	60,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	72,952,000	77,624,000
Common stock, shares, outstanding (in shares)	72,952,000	77,624,000
Treasury stock, shares (in shares)	7,343,000	7,346,000

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating lease costs
Fixed	$ 124,781	$ 127,571	$ 127,990
Short-term	31,849	27,654	23,658
Variable	38,076	38,321	37,975
Sub-leases	(1,642)	(1,152)	(848)
Operating lease costs	193,064	192,394	188,775
Finance lease costs
Amortization of leased assets	9,193	6,423	4,015
Interest on lease liabilities	772	690	491
Finance lease costs	9,965	7,113	4,506
Net lease costs	203,029	199,507	193,281
Cost of Sales
Operating lease costs
Fixed	20,130	25,067	30,002
Short-term	13,415	11,633	9,725
Variable	7,949	8,285	8,123
Sub-leases	(529)	(411)	(311)
Operating lease costs	40,965	44,574	47,539
Selling, general and administrative expenses
Operating lease costs
Fixed	104,651	102,504	97,988
Short-term	18,434	16,021	13,933
Variable	30,127	30,036	29,852
Sub-leases	(1,113)	(741)	(537)
Operating lease costs	152,099	147,820	141,236
Depreciation and Amortization
Finance lease costs
Amortization of leased assets	9,193	6,423	4,015
Interest on lease liabilities	0	0	0
Finance lease costs	9,193	6,423	4,015
Interest
Finance lease costs
Amortization of leased assets	0	0	0
Interest on lease liabilities	772	690	491
Finance lease costs	$ 772	$ 690	$ 491

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net sales	$ 11,200,613	$ 9,552,197	$ 9,970,672
Cost of sales	7,931,879	7,121,507	7,294,629
Gross profit	3,268,734	2,430,690	2,676,043
Selling, general and administrative expenses	1,933,723	1,794,688	1,848,819
Operating income	1,335,011	636,002	827,224
Interest expense	57,252	52,379	41,272
Other expense (income) net	(12,234)	(751)	36,407
Earnings before income taxes	1,289,993	584,374	749,545
Income tax expense	256,445	68,647	4,974
Net earnings including noncontrolling interests	1,033,548	515,727	744,571
Net earnings attributable to noncontrolling interests	389	132	360
Net earnings attributable to Mohawk Industries, Inc.	$ 1,033,159	$ 515,595	$ 744,211
Basic earnings per share attributable to Mohawk Industries, Inc.
Basic earnings per share attributable to Mohawk Industries, Inc. (usd per share)	$ 15.01	$ 7.24	$ 10.34
Weighted-average common shares outstanding—basic (in shares)	68,852	71,214	71,986
Diluted earnings per share attributable to Mohawk Industries, Inc.
Diluted earnings per share attributable to Mohawk Industries, Inc. (usd per share)	$ 14.94	$ 7.22	$ 10.30
Weighted-average common shares outstanding—diluted (in shares)	69,145	71,401	72,264

Accounts Payable and Accrued Expenses

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses are as follows:


	December 31, 2021		December 31, 2020
Outstanding checks in excess of cash	$	3,005	5,672
Accounts payable, trade	1,228,621		1,016,897
Accrued expenses	666,209		566,052
Product warranties	45,215		54,692
Accrued interest	17,940		30,403


Accrued compensation and benefits	256,428		222,235
Total accounts payable and accrued expenses	$	2,217,418	1,895,951

Consolidated Statements of Cash Flows Information (Tables)

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Information [Abstract]

Schedule of Supplemental Disclosures of Cash Flow Information

Supplemental disclosures of cash flow information are as follows:


	2021		2020	2019
Net cash paid during the years for:
Interest	$	75,514	44,584	45,241
Income taxes	$	323,718	106,891	123,974

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	117,084	90,767	104,823

Fair value of net assets acquired in acquisition	$	176,924	—	107,290

Liabilities assumed in acquisition	(52,955)		—	(31,053)

	$	123,969	—	76,237

Stock-Based Compensation

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation

The Company recognized compensation expense for all share-based payments granted for the years ended December 31, 2021, 2020 and 2019 based on the grant-date fair value estimated in accordance with the provisions of ASC 718-10. Compensation expense is recognized on a straight-line basis over the options’ or other awards’ estimated lives for fixed awards with ratable vesting provisions.

Under the Company’s 2012 Incentive Plan (“2012 Plan”), the Company reserved up to a maximum of 3,200 shares of common stock for issuance upon the grant or exercise of stock options, restricted stock, restricted stock units (“RSUs”) and other types of awards, to directors and key employees through December 31, 2022. Option awards are granted with an exercise price equal to the market price of the Company’s common stock on the date of the grant and generally vest between three and five years with a 10-year contractual term. The grant date fair value of restricted stock and RSUs is equal to the market price of the Company’s common stock on the date of the grant and generally vest between three and five years.

On May 19, 2017, the Company’s stockholders approved the 2017 Long-Term Incentive Plan (“2017 Plan”), which allows the Company to reserve up to a maximum of 3,000 shares of common stock for issuance upon the grant or exercise of awards under the 2017 Plan. No additional awards may be granted under the 2012 Plan after May 19, 2017.

Restricted Stock Plans

A summary of the Company’s RSUs under the Company’s long-term incentive plans as of December 31, 2021, and changes during the year then ended is presented as follows:


	Shares	Weighted average grant date fair value		Weighted average remaining contractual term (years)	Aggregate intrinsic value
Restricted Stock Units outstanding, December 31, 2020	375	$	122.84
Granted	194	176.73
Released	(105)	192.78
Forfeited	(25)	145.76
Restricted Stock Units outstanding, December 31, 2021	439	$	128.62	1.3	$	79,950
Expected to vest as of December 31, 2021	418			1.3	$	76,235

The Company recognized stock-based compensation costs related to the issuance of RSUs of $25,651 ($18,982, net of taxes), $19,697 ($14,576, net of taxes) and $23,620 ($17,479, net of taxes) for the years ended December 31, 2021, 2020 and 2019, respectively, which has been allocated to selling, general and administrative expenses and cost of goods sold. Pre-tax unrecognized compensation expense for unvested RSUs granted to employees, net of estimated forfeitures, was $20,086 as of December 31, 2021, and will be recognized as expense over a weighted-average period of approximately 1.61 years.

Additional information relating to the Company’s RSUs under the Company’s long-term incentive plans are as follows:


	2021	2020	2019
Restricted Stock Units outstanding, January 1	375	362	446
Granted	194	192	187
Released	(105)	(146)	(230)
Forfeited	(25)	(33)	(41)
Restricted Stock Units outstanding, December 31	439	375	362
Expected to vest as of December 31	418	361	356

During 2021, 2020 and 2019, shares were awarded each year to certain non-employee directors in lieu of cash for their annual retainers. The total number of shares were 3, 2, and 1, respectively.

The Company has not granted stock options since the year ended December 31, 2012. At December 31, 2021, there were no options to acquire shares outstanding.

Inventories (Tables)

12 Months Ended

Dec. 31, 2021

Inventory Disclosure [Abstract]

Net Components of Inventories

The components of inventories are as follows:


	December 31, 2021		December 31, 2020
Finished goods	$	1,677,707	1,372,234
Work in process	144,004		126,231
Raw materials	569,961		414,555
Total inventories	$	2,391,672	1,913,020

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Summary of RSUs Under the Long-Term Incentive Plans

A summary of the Company’s RSUs under the Company’s long-term incentive plans as of December 31, 2021, and changes during the year then ended is presented as follows:


	Shares	Weighted average grant date fair value		Weighted average remaining contractual term (years)	Aggregate intrinsic value
Restricted Stock Units outstanding, December 31, 2020	375	$	122.84
Granted	194	176.73
Released	(105)	192.78
Forfeited	(25)	145.76
Restricted Stock Units outstanding, December 31, 2021	439	$	128.62	1.3	$	79,950
Expected to vest as of December 31, 2021	418			1.3	$	76,235

Additional Information for RSUs Under the Long-Term Incentive Plans

Additional information relating to the Company’s RSUs under the Company’s long-term incentive plans are as follows:


	2021	2020	2019
Restricted Stock Units outstanding, January 1	375	362	446
Granted	194	192	187
Released	(105)	(146)	(230)
Forfeited	(25)	(33)	(41)
Restricted Stock Units outstanding, December 31	439	375	362
Expected to vest as of December 31	418	361	356

Leases - Narrative (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Leases [Abstract]
Amount of leases not yet commenced	$ 10,969

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	May 19, 2017	May 09, 2012
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Fully vested options (in shares)	0
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Recognized stock-based compensation costs	$ 25,651	$ 19,697	$ 23,620
Recognized stock-based compensation costs, net of tax	18,982	$ 14,576	$ 17,479
Pre-tax unrecognized compensation expense	$ 20,086
Recognized expense over a weighted-average period, years	1 year 7 months 9 days
2012 Long-Term Incentive Plan
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Common stock reserved for issuance (in shares)					3,200,000
Additional awards available to be granted (in shares)				0
2012 Long-Term Incentive Plan \| Stock Options Plans
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Option awards contractual term (years)	10 years
2012 Long-Term Incentive Plan \| Minimum \| Stock Options Plans
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period (years)	3 years
2012 Long-Term Incentive Plan \| Minimum \| Restricted Stock Units (RSUs)
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period (years)	3 years
2012 Long-Term Incentive Plan \| Maximum \| Stock Options Plans
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period (years)	5 years
2012 Long-Term Incentive Plan \| Maximum \| Restricted Stock Units (RSUs)
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period (years)	5 years
2017 Long-Term Incentive Plan
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Common stock reserved for issuance (in shares)				3,000
Non-employee director
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Options granted (in shares)	3,000	2,000	1,000

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Summary of Segment Information

Segment information is as follows:


	2021		2020	2019
Assets:
Global Ceramic Segment	$	5,160,776	5,250,069	5,419,896
Flooring NA Segment	4,125,960		3,594,976	3,823,654
Flooring ROW Segment	4,361,741		4,194,447	3,925,246
Corporate and intersegment eliminations	576,040		1,288,259	217,884
Total	$	14,224,517	14,327,751	13,386,680

Geographic net sales:
United States	$	6,181,628	5,530,407	5,822,593
Europe	3,117,892		2,486,770	2,532,239
Russia	450,010		385,830	385,395
Other	1,451,083		1,149,190	1,230,445
Total	$	11,200,613	9,552,197	9,970,672

Long-lived assets: (1)
United States	$	3,334,256	3,303,197	3,391,676
Belgium	1,783,259		1,808,571	1,645,104
Other	2,127,259		2,130,292	2,232,164
Total	$	7,244,774	7,242,060	7,268,944

Net sales by product categories:
Ceramic & Stone	$	3,938,654	3,457,203	3,686,645
Carpet & Resilient	4,294,042		3,735,888	3,921,769
Laminate & Wood	1,852,766		1,538,967	1,501,077
Other (2)	1,115,151		820,139	861,181
Total	$	11,200,613	9,552,197	9,970,672

Net sales:
Global Ceramic Segment	$	3,917,319	3,432,756	3,631,142
Flooring NA Segment	4,116,405		3,594,075	3,843,714
Flooring ROW Segment	3,166,889		2,525,366	2,495,816

Total	$	11,200,613	9,552,197	9,970,672

(1)Long-lived assets are composed of property, plant and equipment - net, and goodwill.

(2)Other includes roofing elements, insulation boards, chipboards and IP contracts.


	2021		2020	2019
Operating income (loss):
Global Ceramic Segment	$	403,135	167,731	335,639
Flooring NA Segment	407,577		147,442	177,566
Flooring ROW Segment	571,126		366,934	353,666
Corporate and intersegment eliminations	(46,827)		(46,105)	(39,647)
Total	$	1,335,011	636,002	827,224

Depreciation and amortization:
Global Ceramic Segment	$	210,634	215,488	211,679
Flooring NA Segment	211,872		214,599	204,689
Flooring ROW Segment	156,700		164,701	145,417
Corporate	12,505		12,719	14,667
Total	$	591,711	607,507	576,452

Capital expenditures (excluding acquisitions):
Global Ceramic Segment	$	167,224	121,418	244,026
Flooring NA Segment	327,691		186,179	148,820
Flooring ROW Segment	164,318		113,378	147,118
Corporate	16,887		4,582	5,498
Total	$	676,120	425,557	545,462

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Leases
Right of use operating lease assets	$ 389,967	$ 323,138
Finance Leases
Property, plant and equipment, gross	67,984	58,170
Accumulated depreciation	(19,902)	(12,498)
Property, plant and equipment, net	48,082	45,672
Total lease assets	$ 438,049	$ 368,810
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Operating Leases
Other current	$ 104,434	$ 98,042
Non-current	297,390	234,726
Total operating liabilities	401,824	332,768
Finance Leases
Short-term debt	9,560	8,025
Long-term debt	38,390	38,098
Total finance liabilities	47,950	46,123
Total lease liabilities	$ 449,774	$ 378,891
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Less current portion of long term debt and commercial paper	Less current portion of long term debt and commercial paper
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt, less current portion	Long-term debt, less current portion

Revenue from Contracts with Customers - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract liability	$ 65,744,000	$ 39,466,000
Revenue recognized related to contract liabilities	0	0	$ 0
Capitalized contract cost	49,644,000	59,847,000
Amortization of capitalized contract costs	$ 61,681,000	$ 68,201,000

Other Expense (Income)

12 Months Ended

Dec. 31, 2021

Other Nonoperating Income (Expense) [Abstract]

Other Expense (Income)

Following is a summary of other expense (income):


	2021		2020	2019
Foreign currency losses (gains), net	$	6,298	7,815	(7,190)
Release of indemnification asset	—		—	(304)
Impairment of joint venture in Brazil	—		3,599	—

Impairment of net investment in a manufacturer and distributor of Ceramic tile in China(1)	—		—	59,906
Resolution of foreign non-income tax contingencies	(6,211)		—	—
All other, net	(12,321)		(12,165)	(16,005)
Total other expense (income), net	$	(12,234)	(751)	36,407

(1) During 2019, the Company determined that its net investment in a manufacturer and distributor of ceramic tile in China was impaired and therefore recorded a net impairment charge of $59,906.

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill, impairment loss	$ 0
Goodwill [Roll Forward]
Goodwill, beginning balance	3,978,256,000	$ 3,897,452,000
Accumulated impairments losses, beginning balance	(1,327,425,000)	(1,327,425,000)
Goodwill	2,607,909,000	2,650,831,000	$ 2,570,027,000
Goodwill recognized during the period	56,930,000	(9,642,000)
Currency translation during the period	(99,852,000)	90,446,000
Goodwill, ending balance	3,935,334,000	3,978,256,000
Accumulated impairments losses, ending balance	(1,327,425,000)	(1,327,425,000)
Goodwill, net, ending balance	2,607,909,000	2,650,831,000	2,570,027,000
Flooring ROW Segment
Goodwill [Roll Forward]
Goodwill	55,258,000
Goodwill, net, ending balance	55,258,000
Operating segments \| Global Ceramic Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	1,579,491,000	1,583,576,000
Accumulated impairments losses, beginning balance	(531,930,000)	(531,930,000)
Goodwill	1,031,337,000	1,047,561,000	1,051,646,000
Goodwill recognized during the period	0	0
Currency translation during the period	(16,224,000)	(4,085,000)
Goodwill, ending balance	1,563,267,000	1,579,491,000
Accumulated impairments losses, ending balance	(531,930,000)	(531,930,000)
Goodwill, net, ending balance	1,031,337,000	1,047,561,000	1,051,646,000
Operating segments \| Flooring NA Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	874,198,000	874,198,000
Accumulated impairments losses, beginning balance	(343,054,000)	(343,054,000)
Goodwill	531,144,000	531,144,000	531,144,000
Goodwill recognized during the period	0	0
Currency translation during the period	0	0
Goodwill, ending balance	874,198,000	874,198,000
Accumulated impairments losses, ending balance	(343,054,000)	(343,054,000)
Goodwill, net, ending balance	531,144,000	531,144,000	531,144,000
Operating segments \| Flooring ROW Segment
Goodwill [Roll Forward]
Goodwill, beginning balance	1,524,567,000	1,439,678,000
Accumulated impairments losses, beginning balance	(452,441,000)	(452,441,000)
Goodwill	1,045,428,000	1,072,126,000	987,237,000
Goodwill recognized during the period	56,930,000	(9,642,000)
Currency translation during the period	(83,628,000)	94,531,000
Goodwill, ending balance	1,497,869,000	1,524,567,000
Accumulated impairments losses, ending balance	(452,441,000)	(452,441,000)
Goodwill, net, ending balance	$ 1,045,428,000	$ 1,072,126,000	$ 987,237,000

Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Taxes

Following is a summary of earnings before income taxes for United States and foreign operations:


	2021		2020	2019
United States	$	380,632	94,829	163,764
Foreign	909,361		489,545	585,781
Earnings before income taxes	$	1,289,993	584,374	749,545

Income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019 consists of the following:


	2021		2020	2019
Current income taxes:
U.S. federal	$	93,085	(33,821)	19,936
State and local	24,904		7,794	12,659
Foreign	143,385		72,350	80,221
Total current	261,374		46,323	112,816
Deferred income taxes:
U.S. federal	(2,655)		14,533	11,993
State and local	13,306		112	15,371
Foreign	(15,580)		7,679	(135,206)
Total deferred	(4,929)		22,324	(107,842)
Total income tax expense	$	256,445	68,647	4,974

The geographic dispersion of earnings and losses contributes to the annual changes in the Company’s effective tax rates. Approximately 30% of the Company’s current year earnings before income taxes was generated in the United States. The Company is also subject to taxation in other jurisdictions where it has operations, including Australia, Belgium, Brazil, Bulgaria, France, Ireland, Italy, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Russia, Spain and the United Kingdom. The effective tax rates that the Company accrues in these jurisdictions vary widely, but they are generally lower than the Company’s overall effective tax rate. The Company’s domestic effective tax rates for the years ended December 31, 2021, 2020 and 2019 were 33.8%, (12.0)%, and 36.6%, respectively, and its non-U.S. effective tax rates for the years ended December 31, 2021, 2020 and 2019 were 14.1%, 16.3%, and (9.4)%, respectively. The difference in rates applicable in foreign jurisdictions results from a number of factors, including lower statutory rates, historical loss carry-forwards, financing arrangements, and other factors. The Company’s effective tax rate has been and will continue to be impacted by the geographical dispersion of the Company’s earnings and losses. To the extent that domestic earnings increase while the foreign earnings remain flat or decrease, or increase at a lower rate, the Company’s effective tax rate will increase.

Income tax expense (benefit) attributable to earnings before income taxes differs from the amounts computed by applying the U.S. statutory federal income tax rate to earnings before income taxes as follows:


	2021		2020	2019
Income taxes at statutory rate	$	270,898	122,719	157,404
State and local income taxes, net of federal income tax benefit	25,658		8,081	22,185
Foreign income taxes(a)	(34,981)		(57,898)	(17,276)
Change in valuation allowance	5,947		35,381	(21,975)
European Restructuring(b)	—		—	(136,194)
Loss on previously taxed earnings	—		(10,346)	—
Carryback rate differential(c)	(15,743)		(33,739)	—


Global intangible low-taxed income	34,400		2,500	6,000
Italy Step-up Adjustment(d)	(22,163)		—	—
Tax contingencies and audit settlements, net	12,505		6,779	6,686


Other, net	(20,076)		(4,830)	(11,856)
	$	256,445	68,647	4,974

(a) Foreign income taxes include statutory rate differences, financing arrangements, withholding taxes, local income taxes, notional deductions, and other miscellaneous items.

(b) The Company implemented select operational, administrative and financial restructurings that centralized certain business processes and intangible assets in various European jurisdictions into a new entity.

(c) The CARES Act permits the Company to carry back its 2020 U.S. taxable loss to a tax year before the corporate income tax rate was lowered by the Tax Cuts and Jobs Act.

(d) The company realized a one-time Italian step-up benefit allowing for the realignment of tax asset values.

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2021 and 2020 are presented below:


	2021		2020
Deferred tax assets:
Accounts receivable	$	16,550	14,384
Inventories	38,388		44,597
Employee benefits	54,865		39,526
Accrued expenses and other	73,983		103,892
Deductible state tax and interest benefit	7,206		4,042
Intangibles	135,777		152,499
Lease liabilities	106,753		91,359
Federal, foreign and state net operating losses and credits	408,434		433,822
Gross deferred tax assets	841,956		884,121
Valuation allowance	(236,357)		(267,838)
Net deferred tax assets	605,599		616,283
Deferred tax liabilities:
Inventories	(23,484)		(17,403)
Plant and equipment	(467,451)		(489,240)
Intangibles	(188,417)		(197,009)
Right of use assets	(101,935)		(87,351)
Prepaids	(45,077)		(56,140)
Other liabilities	(67,914)		(46,121)
Gross deferred tax liabilities	(894,278)		(893,264)
Net deferred tax liability	$	(288,679)	(276,981)

The Company evaluates its ability to realize the tax benefits associated with deferred tax assets by analyzing its forecasted taxable income using both historic and projected future operating results, the reversal of existing temporary differences, taxable income in prior carry-back years (if permitted) and the availability of tax planning strategies. The valuation allowance as of December 31, 2021, and 2020 is $236,357 and $267,838, respectively. The valuation allowance as of December 31, 2021 relates to the net deferred tax assets of certain of the Company’s foreign subsidiaries as well as certain state net operating losses and tax credits. The total change in the 2021 valuation allowance was a decrease of $31,481 related to tax rate changes, foreign currency translation, and other activities. The total change in the 2020 valuation allowance was an increase of $35,642 related to tax rate changes, foreign currency translation, and other activities.

Management believes it is more likely than not that the Company will realize the benefits of its deferred tax assets, net of valuation allowances, based upon the expected reversal of deferred tax liabilities and the level of historic and forecasted taxable income over periods in which the deferred tax assets are deductible.

As of December 31, 2021, the Company has state net operating loss carry forwards and state tax credits with potential tax benefits of $44,186, net of federal income tax benefit; these carry forwards expire over various periods based on taxing jurisdiction. A valuation allowance totaling $22,851 has been recorded against these state deferred tax assets as of December 31, 2021. In addition, as of December 31, 2021, the Company has credits and net operating loss carry forwards in the U.S. with potential tax benefits of $6,173 and in various foreign jurisdictions with potential tax benefits of $1,596,351. A valuation allowance of $5,882 and $207,624, respectively, has been recorded against these deferred tax assets as of December 31, 2021.

As a result of the redemption of hybrid instruments in response to changes in global tax regimes, the Company has an ASC 740-10 liability of $1,238,277 for the full tax effected loss on the hybrid instrument in the Tax Uncertainties section below. This ASC 740-10-45 liability is recorded as a reduction to the related deferred tax asset in the financial statements as a result of management’s determination that it is not more likely than not that the benefit will be realized.

The Company has no intentions or plans to repatriate foreign earnings and continues to assert that historical earnings of its foreign subsidiaries as of December 31, 2021 are permanently reinvested. Should the remaining earnings be distributed in the form of dividends in the future, the Company might be subject to withholding taxes (possibly offset by U.S. foreign tax credits) in various foreign jurisdictions, but the Company would not expect incremental U.S. federal or state taxes to be accrued on these previously taxed earnings.

Tax Uncertainties

In the normal course of business, the Company’s tax returns are subject to examination by various taxing authorities. Such examinations may result in future tax and interest assessments by these taxing jurisdictions. Accordingly, the Company accrues liabilities when it believes that it is not more likely than not that it will realize the benefits of tax positions that it has taken in its tax returns or for the amount of any tax benefit that exceeds the cumulative probability threshold in accordance with ASC 740-10. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to unrecognized tax benefits in income tax expense (benefit). Differences between the estimated and actual amounts determined upon ultimate resolution, individually or in the aggregate, are not expected to have a material adverse effect on the Company’s consolidated financial position but could possibly be material to the Company’s consolidated results of operations or cash flow in any given quarter or annual period.

As of December 31, 2021, the Company’s gross amount of unrecognized tax benefits is $1,296,523, excluding interest and penalties. If the Company were to prevail on all uncertain tax positions, $45,147 of the unrecognized tax benefits would affect the Company’s effective tax rate, exclusive of any benefits related to interest and penalties.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	2021		2020
Balance as of January 1	$	1,388,391	1,260,970
Additions based on tax positions related to the current year	458		1,694
Additions for tax positions of acquired companies	—		—
Additions for tax positions of prior years	18,001		7,663
Transition tax planning initiatives	—		—
Reductions resulting from the lapse of the statute of limitations	(3,336)		(1,239)
Reductions due to Luxembourg tax rate change	—		—
Settlements with taxing authorities	—		(497)
Effects of foreign currency translation	(106,991)		119,800
Balance as of December 31	$	1,296,523	1,388,391

As a result of the redemption of hybrid instruments in response to changes in global tax regimes, the Company has an ASC 740-10 liability for the full tax effected loss on hybrid instruments. This ASC 740-10-45 liability is recorded as a reduction to the related deferred tax asset in the financial statements as a result of management’s determination that it is not more likely than not that the benefit will be realized. The tax effected loss was adjusted for foreign currency translation changes in 2021, resulting in an updated balance of $1,238,277 as of December 31, 2021.

As of December 31, 2021 and 2020, the Company has $14,494 and $11,485, respectively, accrued for the payment of interest and penalties, excluding the federal tax benefit of interest deductions where applicable. During the years ended December 31, 2021, 2020 and 2019, the Company accrued interest and penalties through income tax expense of $3,236, $(695) and $5,368, respectively.

The Company believes that its unrecognized tax benefits could decrease by $19,510 within the next twelve months. The Internal Revenue Service has initiated its audit of the Company’s 2019 and 2020 tax years. As permitted by the CARES Act, the company carried back its 2020 taxable losses to tax years before the corporate income tax rate was lowered by the Tax Cut and Jobs Act. Federal income tax matters related to years prior to 2014 have been effectively settled. Various other state and foreign income tax returns are open to examination for various years.

Belgian Tax Matter

The Company has been in a dispute with the Belgian Tax Authority (the “BTA”) regarding the proper tax treatment of the royalty income arising from intellectual property (“IP”) owned by a Luxembourg subsidiary, Flooring Industries Limited Sarl (“FIL”). The BTA had assessed Unilin BV for the calendar years ending December 2005 through 2010 in an amount totaling €223,321 (including penalties but excluding interest), alleging that Unilin BV inappropriately transferred valuable IP to FIL and income associated with that IP should be taxed in Belgium. Unilin BV challenged all of these assessments and prevailed both in the Court of First Appeal in Bruges and in the Ghent Court of Appeal. In 2021, the BTA indicated it will not appeal these cases to the Supreme Court and has withdrawn all of the assessments for 2005 through 2010. Consequently, all of those tax years are now closed.

Having lost under its original theory, the BTA is in the process of initiating new assessments for later years against FIL rather than Unilin BV. The BTA now alleges that FIL had a taxable presence in Belgium and should be taxed on royalties received in respect of its IP. The BTA issued initial assessments in December 2020 and June 2021 that totaled €371,696 (including penalties but excluding interest) for calendar years ending December 2013 through 2018. However, in November and December of 2021, the BTA cancelled these assessments and issued a new notice of change that totals €182,594 (including penalties but excluding interest) for those years using different calculations. The Company expects an additional assessment for 2019. Under the statute of limitations, the BTA may not assess FIL for any years prior to 2013, and the Company believes that FIL’s statute of limitations is closed for 2013 through 2016, although this will be a point of contention with the BTA. These assessments would involve the same underlying facts at issue in the above referenced cases where Unilin BV prevailed at two different levels. Consequently, the Company believes that its tax position in Belgium was correct and will persist with its vigorous defense.

When the BTA issues tax assessments, Belgian tax law requires assurances that the taxes can be paid even while they are being disputed. Consequently, the BTA has placed liens on various properties of Unilin BV to support the original assessments discussed above. Since those assessments have been nullified by the courts, the accompanying liens will be withdrawn. Since FIL does not have property in Belgium, the BTA may require assurances from FIL to support the new assessments for 2013 through 2019. These assurances may take the form of a bond or bank guarantees.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

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Summary of Significant Accounting Policies - Computations Of Basic And Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Net earnings available to common stockholders	$ 1,033,159	$ 515,595	$ 744,211
Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding-basic (in shares)	68,852	71,214	71,986
Add weighted-average dilutive potential common shares - options and RSU’s to purchase common shares, net (in shares)	293	187	278
Weighted-average common shares outstanding-diluted (in shares)	69,145	71,401	72,264
Earnings per share attributable to Mohawk Industries, Inc.
Basic earnings per share (usd per share)	$ 15.01	$ 7.24	$ 10.34
Diluted earnings per share (usd per share)	$ 14.94	$ 7.22	$ 10.30

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The Company conducted its annual impairment assessment on the first day of the fourth quarter of 2021 and determined the fair values of its reporting units and trademarks exceeded their carrying values. As a result, no impairment was indicated.

The following table summarizes the components of intangible assets:

Goodwill:


	Global Ceramic Segment		Flooring NA Segment	Flooring ROW Segment	Total
Balances as of December 31, 2019
Goodwill	$	1,583,576	874,198	1,439,678	3,897,452
Accumulated impairment losses	(531,930)		(343,054)	(452,441)	(1,327,425)
	1,051,646		531,144	987,237	2,570,027
Goodwill recognized during the period	—		—	(9,642)	(9,642)
Currency translation during the period	(4,085)		—	94,531	90,446
Balances as of December 31, 2020
Goodwill	1,579,491		874,198	1,524,567	3,978,256
Accumulated impairment losses	(531,930)		(343,054)	(452,441)	(1,327,425)
	1,047,561		531,144	1,072,126	2,650,831
Goodwill recognized during the period	—		—	56,930	56,930
Currency translation during the period	(16,224)		—	(83,628)	(99,852)
Balances as of December 31, 2021
Goodwill	1,563,267		874,198	1,497,869	3,935,334
Accumulated impairment losses	(531,930)		(343,054)	(452,441)	(1,327,425)
	$	1,031,337	531,144	1,045,428	2,607,909

Intangible assets:


	Tradenames
Indefinite life assets not subject to amortization:
Balance as of December 31, 2019	$	702,732


Currency translation during the year	24,536
Balance as of December 31, 2020	727,268
Intangible assets acquired during the year	2,725

Currency translation during the year	(35,088)
Balance as of December 31, 2021	$	694,905


	Customer relationships		Patents	Other	Total
Intangible assets subject to amortization:
Balances as of December 31, 2019	$	218,441	2,228	5,478	226,147
Intangible assets acquired during the year	12,789		—	—	12,789
Amortization during the year	(26,612)		(2,195)	(84)	(28,891)
Currency translation during the year	13,921		111	262	14,294
Balances as of December 31, 2020	218,539		144	5,656	224,339
Intangible assets acquired during the year	18,189		4,628	—	22,817
Amortization during the year	(27,820)		(639)	(821)	(29,280)
Currency translation during the year	(12,479)		(211)	(111)	(12,801)
Balances as of December 31, 2021	$	196,429	3,922	4,724	205,075


	December 31, 2021
	Cost		Acquisitions	Currency translation	Accumulated amortization	Net Value
Customer Relationships	$	699,795	18,189	(37,807)	483,748	196,429
Patents	273,570		4,628	(21,862)	252,414	3,922
Other	6,945		—	(159)	2,062	4,724
Total	$	980,310	22,817	(59,828)	738,224	205,075


	December 31, 2020
	Cost		Acquisitions	Currency translation	Accumulated amortization	Net Value
Customer Relationships	$	645,206	12,789	41,800	481,256	218,539
Patents	249,100		—	24,470	273,426	144
Other	6,631		—	314	1,289	5,656
Total	$	900,937	12,789	66,584	755,971	224,339


	Years Ended December 31,
	2021		2020	2019
Amortization expense	$	29,280	28,891	27,613

Estimated amortization expense for the years ending December 31 are as follows:


2022	$	28,747
2023	27,113
2024	26,390
2025	26,195
2026	26,048

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Earnings (Loss) From Continuing Operations Before Income Taxes

Following is a summary of earnings before income taxes for United States and foreign operations:


	2021		2020	2019
United States	$	380,632	94,829	163,764
Foreign	909,361		489,545	585,781
Earnings before income taxes	$	1,289,993	584,374	749,545

Income Tax Expense (Benefit)

Income tax expense (benefit) for the years ended December 31, 2021, 2020 and 2019 consists of the following:


	2021		2020	2019
Current income taxes:
U.S. federal	$	93,085	(33,821)	19,936
State and local	24,904		7,794	12,659
Foreign	143,385		72,350	80,221
Total current	261,374		46,323	112,816
Deferred income taxes:
U.S. federal	(2,655)		14,533	11,993
State and local	13,306		112	15,371
Foreign	(15,580)		7,679	(135,206)
Total deferred	(4,929)		22,324	(107,842)
Total income tax expense	$	256,445	68,647	4,974

Reconciliation Of Income Tax Expense (Benefit)


	2021		2020	2019
Income taxes at statutory rate	$	270,898	122,719	157,404
State and local income taxes, net of federal income tax benefit	25,658		8,081	22,185
Foreign income taxes(a)	(34,981)		(57,898)	(17,276)
Change in valuation allowance	5,947		35,381	(21,975)
European Restructuring(b)	—		—	(136,194)
Loss on previously taxed earnings	—		(10,346)	—
Carryback rate differential(c)	(15,743)		(33,739)	—


Global intangible low-taxed income	34,400		2,500	6,000
Italy Step-up Adjustment(d)	(22,163)		—	—
Tax contingencies and audit settlements, net	12,505		6,779	6,686


Other, net	(20,076)		(4,830)	(11,856)
	$	256,445	68,647	4,974

(a) Foreign income taxes include statutory rate differences, financing arrangements, withholding taxes, local income taxes, notional deductions, and other miscellaneous items.

(c) The CARES Act permits the Company to carry back its 2020 U.S. taxable loss to a tax year before the corporate income tax rate was lowered by the Tax Cuts and Jobs Act.

(d) The company realized a one-time Italian step-up benefit allowing for the realignment of tax asset values.

Deferred Tax Assets And Deferred Tax Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities as of December 31, 2021 and 2020 are presented below:


	2021		2020
Deferred tax assets:
Accounts receivable	$	16,550	14,384
Inventories	38,388		44,597
Employee benefits	54,865		39,526
Accrued expenses and other	73,983		103,892
Deductible state tax and interest benefit	7,206		4,042
Intangibles	135,777		152,499
Lease liabilities	106,753		91,359
Federal, foreign and state net operating losses and credits	408,434		433,822
Gross deferred tax assets	841,956		884,121
Valuation allowance	(236,357)		(267,838)
Net deferred tax assets	605,599		616,283
Deferred tax liabilities:
Inventories	(23,484)		(17,403)
Plant and equipment	(467,451)		(489,240)
Intangibles	(188,417)		(197,009)
Right of use assets	(101,935)		(87,351)
Prepaids	(45,077)		(56,140)
Other liabilities	(67,914)		(46,121)
Gross deferred tax liabilities	(894,278)		(893,264)
Net deferred tax liability	$	(288,679)	(276,981)

Reconciliation Of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:


	2021		2020
Balance as of January 1	$	1,388,391	1,260,970
Additions based on tax positions related to the current year	458		1,694
Additions for tax positions of acquired companies	—		—
Additions for tax positions of prior years	18,001		7,663
Transition tax planning initiatives	—		—
Reductions resulting from the lapse of the statute of limitations	(3,336)		(1,239)
Reductions due to Luxembourg tax rate change	—		—
Settlements with taxing authorities	—		(497)
Effects of foreign currency translation	(106,991)		119,800
Balance as of December 31	$	1,296,523	1,388,391

Restructuring, Acquisition Transaction and Integration-Related Costs (Tables)

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

Restructuring, acquisition transaction and integration-related costs consisted of the following during the year ended December 31, 2021, 2020 and 2019, respectively (in thousands):


	2021		2020	2019
Cost of sales
Restructuring costs	$	17,899	101,230	84,844

Acquisition integration-related costs	497		1,153	3,458
Restructuring and acquisition integration-related costs	$	18,396	102,383	88,302

Selling, general and administrative expenses
Restructuring costs	$	1,301	24,127	5,497
Acquisition transaction-related costs	2,372		213	1,502
Acquisition integration-related costs	1,568		2,127	5,871
Restructuring, acquisition transaction and integration-related costs	$	5,241	26,467	12,870

Schedule of Restructuring and Related Costs

The restructuring activity for the years ended December 31, 2021 and 2020, respectively is as follows (in thousands):


	Lease impairments		Asset write-downs (gains on disposals)	Severance	Other restructuring costs	Total








Balance as of December 31, 2019	$	21	—	4,122	116	4,259
Restructuring costs
Global Ceramic Segment	2,239		19,963	13,987	6,927	43,116
Flooring NA Segment	227		32,902	4,660	13,809	51,598
Flooring ROW Segment	—		12,913	5,746	6,391	25,050
Corporate	—		3,685	1,908	—	5,593
Total restructuring costs for 2020	2,466		69,463	26,301	27,127	125,357
Cash payments	(21)		—	(20,001)	(18,425)	(38,447)
Non-cash items	(2,466)		(69,463)	1,154	(8,089)	(78,864)
Balance as of December 31, 2020	—		—	11,576	729	12,305
Restructuring costs
Global Ceramic Segment	226		1,458	134	808	2,626
Flooring NA Segment	(37)		7,595	(284)	9,614	16,888
Flooring ROW Segment	—		(1,968)	(1,096)	1,538	(1,526)
Corporate	—		1,017	195	—	1,212
Total restructuring costs for 2021	189		8,102	(1,051)	11,960	19,200
Cash payments	—		—	(8,507)	(10,822)	(19,329)
Non-cash items	(189)		(8,102)	(384)	(872)	(9,547)
Balance as of December 31, 2021	$	—	—	1,634	995	2,629






2020 restructuring costs recorded in:
Cost of sales	$	—	64,415	13,949	22,866	101,230
Selling, general and administrative expenses	2,466		5,048	12,352	4,261	24,127
Total restructuring costs for 2020	$	2,466	69,463	26,301	27,127	125,357

2021 restructuring costs recorded in:
Cost of sales	$	—	6,721	(370)	11,548	17,899
Selling, general and administrative expenses	189		1,381	(681)	412	1,301
Total restructuring costs for 2021	$	189	8,102	(1,051)	11,960	19,200

Goodwill and Other Intangible Assets - Schedule of Expected Amortization Expense (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 28,747
2023	27,113
2024	26,390
2025	26,195
2026	$ 26,048

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The fair values and carrying values of the Company’s debt instruments are detailed as follows:


	At December 31, 2021			At December 31, 2020
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	601,037	566,380	635,664	615,006
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	538,545		500,000	561,890	500,000
3.85% Senior Notes, payable February 1, 2023; interest payable semi-annually	615,630		600,000	638,844	600,000
2.00% Senior Notes, payable January 14, 2022; interest payable annually	—		—	624,680	615,006


2021 Floating Rate Notes, payable September 04, 2021; interest payable quarterly	—		—	368,738	369,004
U.S. commercial paper	598,000		598,000	—	—
European commercial paper	15,859		15,859	—	—



Finance leases and other	53,163		53,163	46,302	46,302
Unamortized debt issuance costs	(8,617)		(8,617)	(11,176)	(11,176)
Total debt	2,413,617		2,324,785	2,864,942	2,734,142
Less current portion of long term-debt and commercial paper	624,503		624,503	376,989	377,255
Long-term debt, less current portion	$	1,789,114	1,700,282	2,487,953	2,356,887

Schedule of Maturities of Long-Term Debt

The aggregate maturities of total debt as of December 31, 2021 are as follows(1):


2022	$	624,503
2023	609,994
2024	8,447
2025	7,062
2026	4,790
Thereafter	1,078,606
	$	2,333,402

(1) Debt maturity table excludes deferred loan costs.

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Capitalized interest included in property, plant and equipment	$ 9,082	$ 6,362	$ 7,214
Depreciation expense	558,818	574,095	$ 544,733
Finance leases	67,984	58,170
Finance leases, accumulated depreciation	$ 19,902	$ 12,498

Restructuring, Acquisition Transaction and Integration-Related Costs

12 Months Ended

Dec. 31, 2021

Restructuring and Related Activities [Abstract]

Restructuring, Acquisition Transaction and Integration-Related Costs

The Company incurs costs in connection with acquiring, integrating and restructuring acquisitions and in connection with its global cost-reduction/productivity initiatives. For example:

•In connection with acquisition activity, the Company typically incurs costs associated with executing the transactions, integrating the acquired operations (which may include expenditures for consulting and the integration of systems and processes), and restructuring the combined company (which may include charges related to employees, assets and activities that will not continue in the combined company); and

•In connection with the Company’s cost-reduction/productivity initiatives, it typically incurs costs and charges associated with site closings and other facility rationalization actions including accelerated depreciation ("Asset write-downs") and workforce reductions.

Restructuring, acquisition transaction and integration-related costs consisted of the following during the year ended December 31, 2021, 2020 and 2019, respectively (in thousands):


	2021		2020	2019
Cost of sales
Restructuring costs	$	17,899	101,230	84,844

Acquisition integration-related costs	497		1,153	3,458
Restructuring and acquisition integration-related costs	$	18,396	102,383	88,302

Selling, general and administrative expenses
Restructuring costs	$	1,301	24,127	5,497
Acquisition transaction-related costs	2,372		213	1,502
Acquisition integration-related costs	1,568		2,127	5,871
Restructuring, acquisition transaction and integration-related costs	$	5,241	26,467	12,870

The restructuring activity for the years ended December 31, 2021 and 2020, respectively is as follows (in thousands):


	Lease impairments		Asset write-downs (gains on disposals)	Severance	Other restructuring costs	Total








Balance as of December 31, 2019	$	21	—	4,122	116	4,259
Restructuring costs
Global Ceramic Segment	2,239		19,963	13,987	6,927	43,116
Flooring NA Segment	227		32,902	4,660	13,809	51,598
Flooring ROW Segment	—		12,913	5,746	6,391	25,050
Corporate	—		3,685	1,908	—	5,593
Total restructuring costs for 2020	2,466		69,463	26,301	27,127	125,357
Cash payments	(21)		—	(20,001)	(18,425)	(38,447)
Non-cash items	(2,466)		(69,463)	1,154	(8,089)	(78,864)
Balance as of December 31, 2020	—		—	11,576	729	12,305
Restructuring costs
Global Ceramic Segment	226		1,458	134	808	2,626
Flooring NA Segment	(37)		7,595	(284)	9,614	16,888
Flooring ROW Segment	—		(1,968)	(1,096)	1,538	(1,526)
Corporate	—		1,017	195	—	1,212
Total restructuring costs for 2021	189		8,102	(1,051)	11,960	19,200
Cash payments	—		—	(8,507)	(10,822)	(19,329)
Non-cash items	(189)		(8,102)	(384)	(872)	(9,547)
Balance as of December 31, 2021	$	—	—	1,634	995	2,629






2020 restructuring costs recorded in:
Cost of sales	$	—	64,415	13,949	22,866	101,230
Selling, general and administrative expenses	2,466		5,048	12,352	4,261	24,127
Total restructuring costs for 2020	$	2,466	69,463	26,301	27,127	125,357

2021 restructuring costs recorded in:
Cost of sales	$	—	6,721	(370)	11,548	17,899
Selling, general and administrative expenses	189		1,381	(681)	412	1,301
Total restructuring costs for 2021	$	189	8,102	(1,051)	11,960	19,200

The Company generally expects the remaining severance and other restructuring costs to be paid over the next year.

Accounts Payable and Accrued Expenses - Components of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Outstanding checks in excess of cash	$ 3,005	$ 5,672
Accounts payable, trade	1,228,621	1,016,897
Accrued expenses	666,209	566,052
Product warranties	45,215	54,692
Accrued interest	17,940	30,403
Accrued compensation and benefits	256,428	222,235
Total accounts payable and accrued expenses	$ 2,217,418	$ 1,895,951

Receivables, net (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Net Components Of Receivables


	December 31, 2021		December 31, 2020
Customers, trade	$	1,721,584	1,591,503
Income tax receivable	73,727		112,580
Other	117,823		89,092
	1,913,134		1,793,175
Less: allowance for discounts, returns, claims and doubtful accounts(1)	73,149		83,682
Receivables, net	$	1,839,985	1,709,493

Allowances For Discounts, Returns, Claims And Doubtful Accounts

The following table reflects the activity of allowances for discounts, returns, claims and doubtful accounts for the years ended December 31:


	Balance at beginning of year		Acquisitions	Additions charged to net sales or costs and expenses	Deductions(1)	Balance at end of year
2019	$	74,718	382	387,253	400,432	61,921
2020	61,921		—	384,403	362,642	83,682
2021	83,682		644	357,635	368,812	73,149

(1) Represents charge-offs, net of recoveries.

Summary of Significant Accounting Policies - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 8,541,158	$ 8,126,448	$ 7,440,059
Ending balance	8,428,216	8,541,158	8,126,448
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(680,255)	(753,108)	(782,102)
Current period other comprehensive income (loss) before reclassifications	(278,944)	72,853	28,994
Ending balance	(959,199)	(680,255)	(753,108)
Prior pension and post-retirement benefit service cost and actuarial gain (loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(14,890)	(12,716)	(9,506)
Current period other comprehensive income (loss) before reclassifications	7,137	(2,174)	(3,210)
Ending balance	(7,753)	(14,890)	(12,716)
AOCI including portion attributable to noncontrolling interest
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(695,145)	(765,824)	(791,608)
Current period other comprehensive income (loss) before reclassifications	(271,807)	70,679	25,784
Ending balance	$ (966,952)	$ (695,145)	$ (765,824)

- Definition

Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity.

+ References

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-Subparagraph (b)(3)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Publisher FASB
-Subparagraph (a)(3)(iii)(03)

+ Details

Consolidated Statements of Cash Flows Information - Schedule of Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Net cash paid during the years for:
Interest	$ 75,514	$ 44,584	$ 45,241
Income taxes	323,718	106,891	123,974
Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	117,084	90,767	104,823
Fair value of net assets acquired in acquisition	176,924	0	107,290
Liabilities assumed in acquisition	(52,955)	0	(31,053)
Noncash investing and financing activities, total	$ 123,969	$ 0	$ 76,237

Restructuring, Acquisition Transaction and Integration-Related Costs - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restructuring Reserve [Roll Forward]
Beginning balance	$ 12,305	$ 4,259
Provision	19,200	125,357
Cash payments	(19,329)	(38,447)
Non-cash items	(9,547)	(78,864)
Ending balance	2,629	12,305	$ 4,259
Cost of sales
Restructuring Reserve [Roll Forward]
Provision	17,899	101,230	84,844
Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	1,301	24,127	5,497
Lease impairments
Restructuring Reserve [Roll Forward]
Beginning balance	0	21
Provision	189	2,466
Cash payments	0	(21)
Non-cash items	(189)	(2,466)
Ending balance	0	0	21
Lease impairments \| Cost of sales
Restructuring Reserve [Roll Forward]
Provision	0	0
Lease impairments \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	189	2,466
Asset write-downs (gains on disposals)
Restructuring Reserve [Roll Forward]
Beginning balance	0	0
Provision	8,102	69,463
Cash payments	0	0
Non-cash items	(8,102)	(69,463)
Ending balance	0	0	0
Asset write-downs (gains on disposals) \| Cost of sales
Restructuring Reserve [Roll Forward]
Provision	6,721	64,415
Asset write-downs (gains on disposals) \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	1,381	5,048
Severance
Restructuring Reserve [Roll Forward]
Beginning balance	11,576	4,122
Provision	(1,051)	26,301
Cash payments	(8,507)	(20,001)
Non-cash items	(384)	1,154
Ending balance	1,634	11,576	4,122
Severance \| Cost of sales
Restructuring Reserve [Roll Forward]
Provision	(370)	13,949
Severance \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	(681)	12,352
Other restructuring costs
Restructuring Reserve [Roll Forward]
Beginning balance	729	116
Provision	11,960	27,127
Cash payments	(10,822)	(18,425)
Non-cash items	(872)	(8,089)
Ending balance	995	729	$ 116
Other restructuring costs \| Cost of sales
Restructuring Reserve [Roll Forward]
Provision	11,548	22,866
Other restructuring costs \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	412	4,261
Corporate
Restructuring Reserve [Roll Forward]
Provision	1,212	5,593
Corporate \| Lease impairments
Restructuring Reserve [Roll Forward]
Provision	0	0
Corporate \| Asset write-downs (gains on disposals)
Restructuring Reserve [Roll Forward]
Provision	1,017	3,685
Corporate \| Severance
Restructuring Reserve [Roll Forward]
Provision	195	1,908
Corporate \| Other restructuring costs
Restructuring Reserve [Roll Forward]
Provision	0	0
Operating segments \| Global Ceramic Segment
Restructuring Reserve [Roll Forward]
Provision	2,626	43,116
Operating segments \| Global Ceramic Segment \| Lease impairments
Restructuring Reserve [Roll Forward]
Provision	226	2,239
Operating segments \| Global Ceramic Segment \| Asset write-downs (gains on disposals)
Restructuring Reserve [Roll Forward]
Provision	1,458	19,963
Operating segments \| Global Ceramic Segment \| Severance
Restructuring Reserve [Roll Forward]
Provision	134	13,987
Operating segments \| Global Ceramic Segment \| Other restructuring costs
Restructuring Reserve [Roll Forward]
Provision	808	6,927
Operating segments \| Flooring NA Segment
Restructuring Reserve [Roll Forward]
Provision	16,888	51,598
Operating segments \| Flooring NA Segment \| Lease impairments
Restructuring Reserve [Roll Forward]
Provision	(37)	227
Operating segments \| Flooring NA Segment \| Asset write-downs (gains on disposals)
Restructuring Reserve [Roll Forward]
Provision	7,595	32,902
Operating segments \| Flooring NA Segment \| Severance
Restructuring Reserve [Roll Forward]
Provision	(284)	4,660
Operating segments \| Flooring NA Segment \| Other restructuring costs
Restructuring Reserve [Roll Forward]
Provision	9,614	13,809
Operating segments \| Flooring ROW Segment
Restructuring Reserve [Roll Forward]
Provision	(1,526)	25,050
Operating segments \| Flooring ROW Segment \| Lease impairments
Restructuring Reserve [Roll Forward]
Provision	0	0
Operating segments \| Flooring ROW Segment \| Asset write-downs (gains on disposals)
Restructuring Reserve [Roll Forward]
Provision	(1,968)	12,913
Operating segments \| Flooring ROW Segment \| Severance
Restructuring Reserve [Roll Forward]
Provision	(1,096)	5,746
Operating segments \| Flooring ROW Segment \| Other restructuring costs
Restructuring Reserve [Roll Forward]
Provision	$ 1,538	$ 6,391

Goodwill and Other Intangible Assets - Schedule of Indefinite Life Assets Not Subject to Amortization (Details) - Tradenames - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite life assets not subject to amortization, beginning balance	$ 727,268	$ 702,732
Currency translation during the year	(35,088)	24,536
Intangible assets acquired during the year	2,725
Indefinite life assets not subject to amortization, ending balance	$ 694,905	$ 727,268

Income Taxes - Narrative (Details) € in Thousands, $ in Thousands	1 Months Ended		12 Months Ended			72 Months Ended
	Dec. 31, 2021 EUR (€)	Jun. 30, 2021 EUR (€)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2010 EUR (€)
Income Taxes [Line Items]
Percentage of earnings from continuing operations before income taxes attributable to the United States (as a percent)			30.00%
Valuation allowance against deferred tax asset			$ 236,357	$ 267,838
Increase (decrease) in the valuation allowance			(31,481)	35,642
Net operating loss carryforwards and tax credit			408,434	433,822
Net operating loss carryforwards in the U.S.			6,173
Net operating loss carryforwards in various foreign jurisdictions			1,596,351
Gross unrecognized tax benefits			1,296,523	1,388,391	$ 1,260,970
Unrecognized tax benefits that would impact effective tax rate			45,147
Interest and penalties			14,494	11,485
Accrued/(reversed) interest and penalties			3,236	$ (695)	5,368
Expected decrease in unrecognized tax benefits within next twelve months			$ 19,510
Luxembourg
Income Taxes [Line Items]
Net operating loss carryforwards in various foreign jurisdictions					$ 1,238,277
Domestic tax authority
Income Taxes [Line Items]
Effective income tax rate (as a percent)			33.80%	(12.00%)	36.60%
Foreign tax authority
Income Taxes [Line Items]
Effective income tax rate (as a percent)			14.10%	16.30%	(9.40%)
Foreign tax authority \| Tax Years 2005 to 2010 \| Belgium
Income Taxes [Line Items]
Foreign tax assessment \| €						€ 223,321
Foreign tax authority \| Tax Year 2018 \| Luxembourg
Income Taxes [Line Items]
Foreign tax assessment \| €	€ 182,594	€ 371,696
State
Income Taxes [Line Items]
Net operating loss carryforwards and tax credit			$ 44,186
State deferred tax assets
Income Taxes [Line Items]
Valuation allowance against deferred tax asset			22,851
Operating Loss Carryforward, Domestic
Income Taxes [Line Items]
Valuation allowance against deferred tax asset			5,882
Operating Loss Carryforward, Foreign Jurisdiction
Income Taxes [Line Items]
Valuation allowance against deferred tax asset			$ 207,624

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 9,250,587	$ 8,905,266
Less: accumulated depreciation	4,613,722	4,314,037
Net property, plant and equipment	4,636,865	4,591,229
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	465,240	484,450
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	1,862,463	1,856,859
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	6,023,087	5,987,272
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	158,315	164,027
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	102,766	103,172
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 638,716	$ 309,486

Goodwill and Other Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	$ 224,339	$ 226,147
Intangible assets acquired during the year	22,817	12,789
Amortization during the year	(29,280)	(28,891)	$ (27,613)
Currency translation during the year	(12,801)	14,294
Intangible assets subject to amortization, ending balance	205,075	224,339	226,147
Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	218,539	218,441
Intangible assets acquired during the year	18,189	12,789
Amortization during the year	(27,820)	(26,612)
Currency translation during the year	(12,479)	13,921
Intangible assets subject to amortization, ending balance	196,429	218,539	218,441
Patents
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	144	2,228
Intangible assets acquired during the year	4,628	0
Amortization during the year	(639)	(2,195)
Currency translation during the year	(211)	111
Intangible assets subject to amortization, ending balance	3,922	144	2,228
Other
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	5,656	5,478
Intangible assets acquired during the year	0	0
Amortization during the year	(821)	(84)
Currency translation during the year	(111)	262
Intangible assets subject to amortization, ending balance	$ 4,724	$ 5,656	$ 5,478

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

(a) Basis of Presentation

Mohawk Industries, Inc. (“Mohawk” or the “Company”), a term which includes the Company and its subsidiaries, is a leading global flooring manufacturer that creates products to enhance residential and commercial spaces around the world. The Company’s vertically integrated manufacturing and distribution processes provide competitive advantages in the production of carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (“LVT”) and sheet vinyl flooring.

The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(b) The COVID-19 Pandemic

During 2020 and 2021, the Company experienced certain disruptions to its business and further disruptions may occur that could materially affect the Company’s ability to obtain supplies, manufacture its products or deliver inventory in a timely manner. Future disruptions may result in lost revenue, additional costs or impairments to goodwill or other assets. Although the Company believes that it can manage its exposure to these risks, there is no guarantee that it will be able to do so in the future. The Company continues to follow the recommendations of local health authorities to minimize exposure risk for its employees, suppliers, customers and other stakeholders. The Company has implemented business continuity plans during the crisis and is attempting to minimize the pandemic’s impact, but it may be unable to adequately respond to further outbreaks in particular geographies and its operations may be materially impacted. The extent to which the COVID-19 pandemic may impact the Company’s results will depend on future developments, which are highly uncertain and cannot be predicted, including the successful implementation of vaccination programs and the continued fiscal support currently provided by governments. Accordingly, the COVID-19 pandemic and the related global reaction could have a material adverse effect on the Company’s business, results of operations and financial condition.

The Company considers investments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31, 2021, the Company had cash and cash equivalents of $268,895 of which $200,501 was held outside the United States. As of December 31, 2020, the Company had cash and cash equivalents of $768,625 of which $436,948 was held outside the United States.

(d) Short-term Investments

The Company invests in high quality credit instruments. At December 31, 2021, short-term investments consisted solely of investments in the Company’s commercial paper by its wholly-owned captive insurance company. At December 31, 2020, amounts consisted of a short-duration bond fund and managed income fund. Such investments are not insured by the Federal Deposit Insurance Corporation.

The Company’s investment in the short-duration bond fund and managed income fund at December 31, 2020 was classified as an equity security, recorded at fair value based on the closing market price of the security. The Company recognized dividends, realized and unrealized gains and losses to other expense (income), net in the statement of operations.

(e) Fair Value

Accounting principles generally accepted in the U.S. define fair value as the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. As the basis for evaluating such inputs, a three-tier value hierarchy prioritizes the inputs used in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets.

Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3: Unobservable inputs that reflect the reporting entity’s own assumptions.

(f) Accounts Receivable and Revenue Recognition

The Company recognizes revenues when it satisfies performance obligations as evidenced by the transfer of control of the promised goods to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. The nature of the promised goods are ceramic, stone, carpet, resilient (includes sheet vinyl and LVT), laminate, wood and other flooring products. Payment is typically received 90 days or less from the invoice date. The Company adjusts the amounts of revenue for expected cash discounts, sales allowances, returns, and claims, based upon historical experience. The Company adjusts accounts receivable for doubtful account allowances based upon historical bad debt, claims experience, periodic evaluation of specific customer accounts, and the aging of accounts receivable. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.

The Company accounts for incremental costs of obtaining a contract as an expense when incurred in selling, general and administrative expenses if the amortization period is less than one year.

The Company accounts for shipping and handling activities performed after control has been transferred as a fulfillment cost in cost of sales.

(g) Inventories

The Company accounts for all inventories on the first-in, first-out (“FIFO”) method. Inventories are stated at the lower of cost or net realizable value. Cost has been determined using the FIFO method. Costs included in inventory include raw materials, direct and indirect labor and employee benefits, depreciation, general manufacturing overhead and various other costs of manufacturing. Inventories on hand are compared against anticipated future usage, which is a function of historical usage, anticipated future selling price, expected sales below cost, excessive quantities and an evaluation for obsolescence.

(h) Property, Plant and Equipment

Property, plant and equipment are stated at cost, including capitalized interest. Depreciation is calculated on a straight-line basis over the estimated remaining useful lives, which are 15-40 years for buildings and improvements, 3-25 years for machinery and equipment, the shorter of the estimated useful life or lease term for leasehold improvements and 3-7 years for furniture and fixtures.

(i) Accounting for Business Combinations

The Company accounts for business combinations under the acquisition method of accounting which requires it to recognize separately from goodwill the assets acquired and the liabilities assumed at their acquisition date fair values. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, the estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the Company’s consolidated statements of operations.

(j) Goodwill and Other Intangible Assets

In accordance with the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic (“ASC”) 350, Intangibles-Goodwill and Other, the Company tests goodwill and other intangible assets with indefinite lives for impairment on an annual basis on the first day of the fourth quarter (or on an interim basis if an event occurs that might reduce the fair value of the reporting unit below its carrying value). The Company considers the relationship between its market capitalization and its book value, among other factors, when reviewing for indicators of impairment. The goodwill impairment tests are based on determining the fair value of the specified reporting units based on management’s judgments and assumptions using the discounted cash flows and comparable company market valuation approaches. The Company has identified Global Ceramic, Flooring NA, and Flooring ROW as its reporting units for the purposes of allocating goodwill and intangibles as well as assessing impairments. The valuation approaches are subject to key judgments and assumptions that are sensitive to change such as judgments and assumptions about appropriate sales growth rates, operating margins, weighted average cost of capital (“WACC”), and comparable company market multiples.

When developing these key judgments and assumptions, the Company considers economic, operational and market conditions that could impact the fair value of the reporting unit. However, estimates are inherently uncertain and represent only management’s reasonable expectations regarding future developments. These estimates and the judgments and assumptions upon which the estimates are based will, in all likelihood, differ in some respects from actual future results. Should a significant or prolonged deterioration in economic conditions occur, such as continued declines in spending for new construction, remodeling and replacement activities; the inability to pass increases in the costs of raw materials and fuel on to customers; or a decline in comparable company market multiples, then key judgments and assumptions could be impacted.

The impairment evaluation for indefinite lived intangible assets, which for the Company are its trademarks, is conducted on the first day of the fourth quarter of each year, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The impairment tests for indefinite lived intangible assets may be completed through an assessment of qualitative factors to determine the existence of events or circumstances that would indicate that it is not more likely than not that the fair value of these assets is less than their carrying amounts. If the qualitative assessment indicates it is not more likely than not that the fair value of these assets is less than their carrying amounts, a quantitative impairment test is not required. If a quantitative test is necessary, the Company estimates the fair value of the intangible asset and compares it to its carrying amount. If the carrying value of the intangible asset exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The Company may also elect to bypass the qualitative assessment and perform a quantitative impairment test in any period. If the Company elects to perform a quantitative impairment test, it may resume the qualitative assessment in subsequent periods.

The determination of fair value used in the impairment evaluation is based on discounted estimates of future sales projections attributable to ownership of the trademarks. Significant judgments inherent in this analysis include assumptions about appropriate sales growth rates, royalty rates, applicable discount rate and the amount of expected future cash flows. The judgments and assumptions used in the estimate of fair value are generally consistent with past performance and are also consistent with the projections and assumptions that are used in current operating plans. Such assumptions are subject to change as a result of changing economic and competitive conditions. The determination of fair value is highly sensitive to differences between estimated and actual cash flows and changes in the related discount rate used to evaluate the fair value of the trademarks. Estimated cash flows are sensitive to changes in the economy among other things.

Intangible assets that do not have indefinite lives are amortized based on average lives, which range from 7-20 years.

(k) Leases

The Company measures right of use (“ROU”) assets and lease liabilities based on the present value of the future minimum lease payments over the lease term at the commencement date. Minimum lease payments include the fixed lease and non-lease components of the agreement, as well as any variable rent payments that depend on an index, initially measured using the index at the lease commencement date. The ROU assets are adjusted for any initial direct costs incurred less any lease incentives received, in addition to payments made on or before the commencement date of the lease. The Company recognizes lease expense for leases on a straight-line basis over the lease term.

As the implicit rate is not readily determinable for most of the Company’s lease agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company’s credit spread adjusted for current market factors and foreign currency rates. The Company also made a policy election to determine its incremental borrowing rate, at the initial application date, using the total lease term and the total minimum rental payments, as the Company believes this rate is more indicative of the implied financing cost.

The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for service centers, warehouses, showrooms, and machinery and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet and expensed as incurred. The Company enters into lease contracts ranging from 1 to 60 years with a majority of the Company’s lease terms ranging from 1 to 10 years.

Some leases include one or more options to renew, with renewal terms that can extend the lease term from 3 to 10 years or more. The exercise of these lease renewal options is at the Company’s sole discretion. An insignificant number of the Company’s leases include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term.

(l) Income Taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to unrecognized tax benefits in income tax expense.

(m) Financial Instruments

The Company’s financial instruments consist primarily of short-term investments, receivables, accounts payable, accrued expenses and long-term debt. The carrying amounts of receivables, accounts payable and accrued expenses approximate their fair value because of the short-term maturity of such instruments. The Company has a wholly-owned captive insurance company that may periodically invest in the Company’s commercial paper. These short-term commercial paper investments are classified as trading securities and carried at fair value based upon level two fair value hierarchy. The carrying amount of the Company’s floating rate debt approximates its fair value based upon level two fair value hierarchy. Interest rates that are currently available to the Company for issuance of long-term debt with similar terms and remaining maturities are used to estimate the fair value of the Company’s long-term debt.

(n) Advertising Costs and Vendor Consideration

Advertising and promotion expenses are charged to earnings during the period in which they are incurred. Advertising and promotion expenses included in selling, general, and administrative expenses were $139,538 in 2021, $105,974 in 2020 and $130,207 in 2019.

Vendor consideration, generally cash, is classified as a reduction of net sales, unless specific criteria are met regarding goods or services that the Company may receive in return for this consideration. The Company makes various payments to customers, including rebates, slotting fees, advertising allowances, buy-downs and co-op advertising. All of these payments reduce gross sales with the exception of co-op advertising. Co-op advertising expenses, classified as a selling, general and administrative expense, were $22,092 in 2021, $16,087 in 2020 and $11,418 in 2019.

(o) Product Warranties

The Company warrants certain qualitative attributes of its flooring products. The Company has recorded a provision for estimated warranty and related costs, based on historical experience and periodically adjusts these provisions to reflect actual experience.

(p) Impairment of Long-Lived Assets

The Company reviews its long-lived asset groups, which include intangible assets such as patents and customer relationships subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of such asset groups may not be recoverable. Recoverability of asset groups to be held and used is measured by a comparison of the carrying amount of long-lived assets to future undiscounted net cash flows expected to be generated by these asset groups. If such asset groups are considered to be impaired, the impairment recognized is the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. Assets held for sale are reported at the lower of the carrying amount or fair value less estimated costs of disposal and are no longer depreciated.

(q) Foreign Currency Translation

The Company’s subsidiaries that operate outside the United States generally use their local currency as the functional currency. The functional currency is translated into U.S. Dollars for balance sheet accounts using the month end rates in effect as of the balance sheet date and average exchange rate for revenue and expense accounts for each respective period. The translation adjustments are deferred as a separate component of stockholders’ equity, within accumulated other comprehensive income (loss). Gains or losses resulting from transactions denominated in foreign currencies are included in other income or expense, within the consolidated statements of operations.

(r) Hedges of Net Investments in Non-U.S. Operations

The Company has numerous investments outside the United States. The net assets of these subsidiaries are exposed to changes and volatility in currency exchange rates. The Company has in the past and might in the future use foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. The gains and losses on the Company’s net investments in its non-U.S. operations are economically offset by losses and gains on its foreign currency borrowings. In June 2015, the Company designated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. On October 19, 2021, the Company redeemed at par the 2.00% Senior Notes, originally due on January 14, 2022, and paid the remaining €500 million outstanding principal of the 2.00% Senior Notes, plus any unpaid interest, utilizing cash on hand. In connection with this repayment, the Company dedesignated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. For the period January 1, 2021 through October 19, 2021, the change in the U.S. dollar value of the Company’s euro denominated debt was a decrease of $35,363 ($26,928 net of taxes). For the years ended December 31, 2020 and December 31, 2019, the change in the U.S. dollar value of the Company’s euro denominated debt was an increase of $54,907 ($41,708 net of taxes) and a decrease of $12,049 ($9,153 net of taxes), respectively. Changes in the U.S. dollar value of the Company’s euro denominated debt are recorded in the foreign currency translation adjustment component of accumulated other comprehensive income (loss).

(s) Earnings per Share (“EPS”)

Basic net earnings per share (“EPS”) is calculated using net earnings available to common stockholders divided by the weighted-average number of shares of common stock outstanding during the year. Diluted EPS is similar to basic EPS except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.

Dilutive common stock options and unvested restricted shares (units) are included in the diluted EPS calculation using the treasury stock method. There were no common stock options and unvested restricted shares (units) that were excluded from the diluted EPS computation because the price was greater than the average market price of the common shares for the periods presented for 2021, 2020 and 2019.

Computations of basic and diluted earnings per share are presented in the following table:


	2021		2020	2019


Net earnings available to common stockholders	$	1,033,159	515,595	744,211

Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding—basic	68,852		71,214	71,986
Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net	293		187	278
Weighted-average common shares outstanding-diluted	69,145		71,401	72,264

Earnings per share attributable to Mohawk Industries, Inc.
Basic	$	15.01	7.24	10.34
Diluted	$	14.94	7.22	10.30

(t) Stock-Based Compensation

The Company recognizes compensation expense for all share-based payments granted based on the grant-date fair value estimated in accordance with ASC 718-10, “Stock Compensation”. Compensation expense is generally recognized on a straight-line basis over the awards’ estimated lives for fixed awards with ratable vesting provisions.

(u) Employee Benefit Plans

The Company has 401(k) retirement savings plans (the “Mohawk Plan”) open to substantially all U.S. and Puerto Rico based employees who have completed 60 days of eligible service. The Company contributes $.50 for every $1.00 of employee contributions up to a maximum of 6% of the employee’s salary based upon each individual participants election. Employee and employer contributions to the Mohawk Plan were $67,044 and $23,884 in 2021, $56,241 and $13,509 in 2020 and $57,354 and $23,008 in 2019, respectively.

The Company also has various pension plans covering employees in Belgium, France, and the Netherlands (the “Non-U.S. Plans”) within the Flooring ROW Segment. Benefits under the Non-U.S. Plans depend on compensation and years of service. The Non-U.S. Plans are funded in accordance with local regulations. The Company uses December 31 as the measurement date for its Non-U.S. Plans. The Company’s projected benefit obligation and plan assets as of December 31, 2021 were $80,324 and $65,118, respectively. The Company’s projected benefit obligation and plan assets as of December 31, 2020 were $86,722 and $68,413, respectively. As of December 31, 2021, the funded status of the Non-U.S. Plans was a liability of $15,206 of which $8,866 was recorded in accumulated other comprehensive income, for a net liability of $6,340 recorded in other long-term liabilities within the consolidated balance sheets. As of December 31, 2020, the funded status of the Non-U.S. Plans was a liability of $18,309 of which $11,304 was recorded in accumulated other comprehensive income, for a net liability of $7,005 recorded in other long-term liabilities within the consolidated balance sheets.

(v) Comprehensive Income (Loss)

Comprehensive income (loss) includes foreign currency translation of assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature, pension and post-retirement benefit service cost. The Company does not provide income taxes on currency translation adjustments, as earnings from foreign subsidiaries are considered to be indefinitely reinvested. The Company presents currency translation adjustments on noncontrolling interests separately from currency translation adjustments on controlling interests in accumulated other comprehensive income (loss) within stockholders’ equity.

The changes in accumulated other comprehensive income (loss) by component, net of tax, for years ended December 31, 2021, 2020 and 2019 are as follows:


	Foreign currency translation adjustments		Prior pension and post-retirement benefit service cost and actuarial gain (loss)	Total
Balance as of December 31, 2018	$	(782,102)	(9,506)	(791,608)
Current period other comprehensive income (loss) before reclassifications	28,994		(3,210)	25,784

Balance as of December 31, 2019	(753,108)		(12,716)	(765,824)
Current period other comprehensive income (loss) before reclassifications	72,853		(2,174)	70,679

Balance as of December 31, 2020	(680,255)		(14,890)	(695,145)
Current period other comprehensive income (loss) before reclassifications	(278,944)		7,137	(271,807)

Balance as of December 31, 2021	$	(959,199)	(7,753)	(966,952)

(w) Self-Insurance Reserves

The Company is self-insured in the U.S. for various levels of general liability, automobile liability, workers’ compensation and employee medical coverage. Insurance reserves are calculated on an undiscounted basis based on actual claim data and estimates of incurred but not reported claims developed utilizing historical claim trends. Projected settlements and incurred but not reported claims are estimated based on pending claims and historical trends and data. Though the Company does not expect them to do so, actual settlements and claims could differ materially from those estimated. Material differences in actual settlements and claims could have an adverse effect on the Company’s results of operations and financial condition.

The Company has a wholly-owned captive insurance company, Mohawk Assurance Services, Inc. (“MAS”). MAS insures the retained portion of the Company’s U.S. general liability, automobile liability, workers’ compensation exposures, pandemic, terrorism and medical coverage to MAS.

(x) Fiscal Year

The Company ends its fiscal year on December 31. Each of the first three quarters in the fiscal year ends on the Saturday nearest the calendar quarter end with a thirteen week fiscal quarter.

(y) Recent Accounting Pronouncements

- Recently Adopted

In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes which simplified the accounting for income taxes in several areas by removing certain exceptions and by clarifying and amending existing guidance applicable to accounting for income taxes. The Company adopted the new standard on January 1, 2021. The effect of adopting the new standard was not material.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which was further amended by additional accounting standards updates issued by the FASB. The new standard replaced the incurred loss impairment methodology for recognizing credit losses with a new methodology that requires recognition of lifetime expected credit losses when a financial asset is originated or purchased, even if the risk of loss is remote. The new methodology (referred to as the current expected credit losses model, or "CECL") applies to most financial assets measured at amortized cost, including trade receivables, and requires consideration of a broader range of reasonable and supportable information to estimate expected credit losses. The Company adopted the new standard on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements.

In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. The amendments remove the second step of the current goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. The Company adopted the new standard in the fourth quarter of 2019. The effect of adopting the new standard was not material.

In February 2016, the FASB issued a new standard ASU 2016-02, Leases, and subsequently issued additional ASUs amending this ASU (collectively ASC 842, Leases). ASC 842 was issued to increase transparency and comparability among organizations by requiring the recognition of right of use (“ROU”) assets and lease liabilities on the balance sheet. Most prominent among the changes in the standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The Company adopted the provisions of ASC 842 on January 1, 2019 using a modified retrospective approach through a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption in line with the new transition method allowed under ASU 2018-11. ASC 842 provides a number of optional practical expedients in transition. The Company elected the “package of practical expedients” which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight and elected the practical expedient pertaining to land easements. The new standard also provides practical expedients for an entity’s ongoing accounting for leases. The Company elected the short-term lease exemption for all leases that qualify, meaning the Company will not recognize ROU assets or lease liabilities for leases with terms shorter than twelve months. The Company also elected the practical expedient to not separate lease and non-lease components for a majority of its asset classes, including real estate and most equipment.

The adoption of ASC 842 had a material impact on the Company’s condensed consolidated balance sheets, but did not have a material impact on the Company’s condensed consolidated statements of operations or cashflow. The most significant impact was the recognition of ROU assets of $328,169 and lease liabilities for operating leases of $332,286 at January 1, 2019, based on the present value of the future minimum rental payments for existing operating leases. The difference in the balances is due to deferred rent, tenant incentive allowances and prepaid amounts taken into account for adoption. The Company’s accounting for finance leases remained substantially unchanged. See Note 12, Leases.

On January 1, 2019, the Company adopted the new accounting standard, ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The standard permits entities to reclassify, to retained earnings, the one-time income tax effects stranded in accumulated other comprehensive income arising from the change in the U.S. federal corporate tax rate as a result of the Tax Cuts and Jobs Act of 2017. The effect of adopting the new standard was not material.

Long-Term Debt - Fair Value and Carrying Value of Debt Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Less current portion of long term debt and commercial paper	$ 624,503	$ 377,255
Long-term debt, less current portion	$ 2,333,402
1.750% senior notes due June 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	1.75%
3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	3.625%
3.85% senior notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	3.85%
2.00% senior notes due January 14, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	2.00%
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	$ 53,163	46,302
Unamortized debt issuance costs	(8,617)	(11,176)
Total debt	2,413,617	2,864,942
Less current portion of long term debt and commercial paper	624,503	376,989
Long-term debt, less current portion	1,789,114	2,487,953
Fair Value \| 1.750% senior notes due June 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	601,037	635,664
Fair Value \| 3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	538,545	561,890
Fair Value \| 3.85% senior notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	615,630	638,844
Fair Value \| 2.00% senior notes due January 14, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	0	624,680
Fair Value \| Floating rate notes due September 04, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	0	368,738
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	53,163	46,302
Unamortized debt issuance costs	(8,617)	(11,176)
Total debt	2,324,785	2,734,142
Less current portion of long term debt and commercial paper	624,503	377,255
Long-term debt, less current portion	1,700,282	2,356,887
Carrying Value \| 1.750% senior notes due June 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	566,380	615,006
Carrying Value \| 3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	500,000	500,000
Carrying Value \| 3.85% senior notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	600,000	600,000
Carrying Value \| 2.00% senior notes due January 14, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	0	615,006
Carrying Value \| Floating rate notes due September 04, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	0	369,004
United States \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	598,000	0
United States \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	598,000	0
Europe \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	15,859	0
Europe \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	$ 15,859	$ 0

Subsequent Event (Details) - Subsequent Event	Feb. 10, 2022 USD ($)
2022 Share Repurchase Program
Subsequent Event [Line Items]
Share repurchase program, authorized amount	$ 500,000,000
2021 Share Repurchase Program
Subsequent Event [Line Items]
Share repurchase program, authorized amount	$ 0

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current income taxes:
U.S. federal	$ 93,085	$ (33,821)	$ 19,936
State and local	24,904	7,794	12,659
Foreign	143,385	72,350	80,221
Total current	261,374	46,323	112,816
Deferred income taxes:
U.S. federal	(2,655)	14,533	11,993
State and local	13,306	112	15,371
Foreign	(15,580)	7,679	(135,206)
Total deferred	(4,929)	22,324	(107,842)
Total income tax expense	$ 256,445	$ 68,647	$ 4,974

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Following is a summary of property, plant and equipment:


	December 31, 2021		December 31, 2020
Land	$	465,240	484,450
Buildings and improvements	1,862,463		1,856,859
Machinery and equipment	6,023,087		5,987,272
Furniture and fixtures	158,315		164,027
Leasehold improvements	102,766		103,172
Construction in progress	638,716		309,486
	9,250,587		8,905,266
Less: accumulated depreciation	4,613,722		4,314,037
Net property, plant and equipment	$	4,636,865	4,591,229

Additions to property, plant and equipment included capitalized interest of $9,082, $6,362 and $7,214 in 2021, 2020 and 2019, respectively. Depreciation expense was $558,818, $574,095 and $544,733 for 2021, 2020 and 2019, respectively. Included in property, plant and equipment are finance leases with a cost of $67,984 and $58,170 and accumulated depreciation of $19,902 and $12,498 as of December 31, 2021 and 2020, respectively.