0000851968-24-000027 | 10-K | XBRL Viewer

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Other Nonoperating Income (Expense) [Abstract]

Goodwill and Other Intangible Assets - Schedule of Indefinite Life Assets Not Subject to Amortization (Details) - Tradenames - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Indefinite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 668,328	$ 694,905
Intangible assets acquired	38,539	335
Intangible assets impaired	(6,994)	(7,257)
Currency translation	5,873	(19,655)
Ending balance	$ 705,746	$ 668,328

COVER PAGE - USD ($)	12 Months Ended
COVER PAGE - USD ($)	Dec. 31, 2023	Feb. 21, 2024	Jul. 01, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	01-13697
Entity Registrant Name	MOHAWK INDUSTRIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-1604305
Entity Address, Address Line One	160 S. Industrial Blvd.
Entity Address, City or Town	Calhoun
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30701
City Area Code	706
Local Phone Number	629-7721
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	MHK
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 5,443,921,763
Entity Common Stock, Shares Outstanding		63,696,446
Documents Incorporated by Reference	Portions of the definitive Proxy Statement for the 2024 Annual Meeting of Stockholders-Part III.
Entity Central Index Key	0000851968
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Statements of Cash Flows Information - Schedule of Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net cash paid during the years for:
Interest	$ 86,426	$ 75,199	$ 75,514
Income taxes	187,012	248,693	323,718
Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	81,138	118,701	117,084
Fair value of net assets acquired in acquisition	677,057	243,934	176,924
Liabilities assumed in acquisition	(161,651)	(34,332)	(52,955)
Fair value of net assets acquired	$ 515,406	$ 209,602	$ 123,969

Other Income and Expense, net (Tables)

12 Months Ended

Dec. 31, 2023

Summary of Other (Income) Expense

Following is a summary of other (income) expense, net:


	2023		2022	2021
Foreign currency (gains) losses, net	$	15,671	15,429	6,298
Release of indemnification asset	—		7,324	—



Resolution of foreign non-income tax contingencies	—		—	(6,211)
All other, net	(26,484)		(14,367)	(12,321)
Total other (income) expense, net	$	(10,813)	8,386	(12,234)

Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 1,927,759	$ 2,607,909
Goodwill adjustments related to acquisitions	(1,671)	(2,722)
Goodwill recognized	87,520	72,383
Impairment charges	(870,750)	(688,514)
Currency translation	16,866	(61,297)
Goodwill, ending balance	1,159,724	1,927,759
Flooring ROW
Goodwill [Roll Forward]
Goodwill, beginning balance		52,536
Operating segments
Goodwill [Roll Forward]
Accumulated impairment loss	1,327,425
Operating segments \| Global Ceramic
Goodwill [Roll Forward]
Goodwill, beginning balance	339,834	1,031,337
Goodwill adjustments related to acquisitions	0	0
Goodwill recognized	87,520	0
Impairment charges	(424,286)	(688,514)
Currency translation	(3,068)	(2,989)
Goodwill, ending balance	0	339,834
Accumulated impairment loss	531,930
Operating segments \| Flooring NA
Goodwill [Roll Forward]
Goodwill, beginning balance	591,985	531,144
Goodwill adjustments related to acquisitions	(4,888)	0
Goodwill recognized	0	60,841
Impairment charges	(214,830)	0
Currency translation	0	0
Goodwill, ending balance	372,267	591,985
Accumulated impairment loss	343,054
Operating segments \| Flooring ROW
Goodwill [Roll Forward]
Goodwill, beginning balance	995,940	1,045,428
Goodwill adjustments related to acquisitions	3,217	(2,722)
Goodwill recognized	0	11,542
Impairment charges	(231,634)	0
Currency translation	19,934	(58,308)
Goodwill, ending balance	787,457	$ 995,940
Accumulated impairment loss	$ 452,441

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Valuation allowance against deferred tax asset	$ 582,683	$ 284,347
Increase (decrease) in the valuation allowance	298,336	47,990
Net operating loss carryforwards and tax credit	814,384	448,759
Net operating loss carryforwards in the U.S.	7,811
Net operating loss carryforwards in various foreign jurisdictions	1,962,774
Gross unrecognized tax benefits	1,304,874	1,230,632	$ 1,296,523
Unrecognized tax benefits that would impact effective tax rate	75,299
Interest and penalties	26,926	14,801
Accrued/(reversed) interest and penalties	6,463	$ 437	$ 3,236
Expected decrease in unrecognized tax benefits within next twelve months	22,680
SWITZERLAND
Income Taxes [Line Items]
Increase (decrease) in the valuation allowance	300,000
Luxembourg
Income Taxes [Line Items]
Net operating loss carryforwards in various foreign jurisdictions	$ 1,206,569
Domestic tax authority
Income Taxes [Line Items]
Effective income tax rate (as a percent)	(5.30%)	(36.50%)	33.80%
Foreign tax authority
Income Taxes [Line Items]
Effective income tax rate (as a percent)	71.20%	17.50%	14.10%
State
Income Taxes [Line Items]
Net operating loss carryforwards and tax credit	$ 50,368
State deferred tax assets
Income Taxes [Line Items]
Valuation allowance against deferred tax asset	37,970
Operating Loss Carryforward, Domestic
Income Taxes [Line Items]
Valuation allowance against deferred tax asset	6,242
Operating Loss Carryforward, Foreign Jurisdiction
Income Taxes [Line Items]
Valuation allowance against deferred tax asset	$ 538,471

Long-Term Debt - Senior Credit Facility (Details)			12 Months Ended
Long-Term Debt - Senior Credit Facility (Details)	Aug. 12, 2022 USD ($)	Oct. 18, 2019 time	Dec. 31, 2023 USD ($)	Oct. 18, 2024 USD ($)	Dec. 31, 2022 USD ($)
Senior Credit Facility
Line of Credit Facility [Line Items]
Extension period multiplier (in times) \| time		2
Extension period		1 year
Consolidated interest coverage ratio		3.00
Unamortized financing costs					$ 2,663,000
Utilized borrowings under credit facility			$ 67,863,000
Available amount under credit facility			1,882,137,000
Senior Credit Facility \| Borrowings
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility			67,117,000
Senior Credit Facility \| Standby letters of credit
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility			$ 746,000
2022 Amended Senior Secured Credit Facility
Line of Credit Facility [Line Items]
Consolidated interest coverage ratio	3.50
Maximum borrowing capacity under credit facility	$ 1,950,000,000
Line of credit facility, maximum increase In commitment amount	$ 600,000,000
Commitment fee (as a percent)			0.11%
Unamortized financing costs					$ 1,879,000
2022 Amended Senior Secured Credit Facility \| Forecast
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility				$ 1,485,000,000
2022 Amended Senior Secured Credit Facility \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.10%		1.13%
2022 Amended Senior Secured Credit Facility \| Federal Funds Effective Swap Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.50%
2022 Amended Senior Secured Credit Facility \| Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%		0.13%
2022 Amended Senior Secured Credit Facility \| Minimum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)	0.09%
2022 Amended Senior Secured Credit Facility \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%
2022 Amended Senior Secured Credit Facility \| Minimum \| Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.00%
2022 Amended Senior Secured Credit Facility \| Minimum \| Foreign Currencies Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%
2022 Amended Senior Secured Credit Facility \| Minimum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.00%
2022 Amended Senior Secured Credit Facility \| Maximum
Line of Credit Facility [Line Items]
Commitment fee (as a percent)	0.20%
2022 Amended Senior Secured Credit Facility \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.75%
2022 Amended Senior Secured Credit Facility \| Maximum \| Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.75%
2022 Amended Senior Secured Credit Facility \| Maximum \| Foreign Currencies Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.75%
2022 Amended Senior Secured Credit Facility \| Maximum \| Base Rate
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.75%

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023, 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
RSUs outstanding, December 31, 2022	454	$	126.79
Granted	271	101.42
Released	(193)	132.32
Forfeited	(45)	133.83
RSUs outstanding, December 31, 2023	487	$	109.83	0.9	$	50,438
Expected to vest as of December 31, 2023	487			0.9	$	50,438

Summary of 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:


	2023	2022	2021
RSUs outstanding, January 1	454	439	375
Granted	271	192	194
Released	(193)	(134)	(105)
Forfeited	(45)	(43)	(25)
RSUs outstanding, December 31	487	454	439
Expected to vest as of December 31	487	437	418

Long-Term Debt - Senior Notes (Details)					12 Months Ended
Long-Term Debt - Senior Notes (Details)	Sep. 18, 2023 USD ($)	Jun. 12, 2020 USD ($)	May 14, 2020 USD ($)	Jan. 31, 2013 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Nov. 01, 2022	Jun. 12, 2020 EUR (€)
Debt Instrument [Line Items]
Payment of financing costs					$ 5,592,000	$ 2,543,000	$ 0
5.850% Senior Notes Due September 18, 2028 \| Senior notes
Debt Instrument [Line Items]
Aggregate principal amount of debts	$ 600,000,000
Interest rate (as a percent)	5.85%
Payment of financing costs	$ 5,592,000
1.750% Senior Notes Due June 12, 2027 \| Senior notes
Debt Instrument [Line Items]
Aggregate principal amount of debts \| €									€ 500,000,000
Interest rate (as a percent)									1.75%
Payment of financing costs		$ 4,400,000
3.625% Senior Notes Due May 15, 2030 \| Senior notes
Debt Instrument [Line Items]
Aggregate principal amount of debts			$ 500,000,000
Interest rate (as a percent)			3.625%
Payment of financing costs			$ 5,476,000
3.85% Senior Notes Due February 1, 2023 \| Senior notes
Debt Instrument [Line Items]
Aggregate principal amount of debts				$ 600,000,000
Interest rate (as a percent)				3.85%				3.85%
Payment of financing costs				$ 6,000,000

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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Fair Value

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value

The Company’s wholly-owned captive insurance company may 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, 2023 and December 31, 2022:


	December 31, 2023		December 31, 2022


Short-term investments:

Commercial paper (Level 2)	$	—	158,000

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

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.

Goodwill and Intangible Assets Disclosure [Abstract]

Leases - Schedule of Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases:
ROU operating lease assets	$ 428,532	$ 387,816
Finance Leases:
Property, plant and equipment, gross	117,350	82,653
Accumulated depreciation	(45,967)	(30,218)
Property, plant and equipment, net	71,383	52,435
Total lease assets	$ 499,915	$ 440,251
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	$ 108,860	$ 105,266
Non-current	337,506	296,136
Total operating liabilities	446,366	401,402
Finance Leases:
Short-term debt	16,132	11,765
Long-term debt	55,060	40,285
Total finance liabilities	71,192	52,050
Total lease liabilities	$ 517,558	$ 453,452
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

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Other Intangible Assets

The Company performs its annual testing of goodwill and indefinite-lived intangibles on the first day of the fourth quarter of each year. Between annual testing dates, the Company monitors factors such as its market capitalization, comparable company market multiples and macroeconomic conditions to identify conditions that could impact the Company’s assumptions utilized in the determination of the estimated fair values of the Company’s reporting units and indefinite-lived intangible assets significantly enough to trigger an impairment.

The goodwill impairment tests are based on determining the fair value of the specified reporting units based on management judgments and assumptions using the discounted cash flows under the income approach classified in Level 3 of the fair value hierarchy and comparable company market valuation classified in Level 2 of the fair value hierarchy approaches. The Company has identified Global Ceramic, Flooring NA and Flooring ROW as its reporting units for the purposes of allocating goodwill and intangibles at the asset level, 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.

As a result of a decrease in the Company’s market capitalization, macroeconomic conditions and an increase in the WACC, the Company determined that a triggering event occurred requiring goodwill impairment testing for each of its reporting units as of September 30, 2023 and October 1, 2022. The impairment tests indicated pre-tax, non-cash goodwill impairment charges related to all 3 reporting units of $870,750 ($859,725 net of tax) and in the Global Ceramic reporting unit of $688,514 ($679,664 net of tax) which the Company recorded during 2023 and 2022, respectively.

The Company compared the estimated fair values of its indefinite-lived intangibles to their carrying values and determined that there were impairment charges of $6,994 ($5,181 net of tax) in all 3 reporting units and $7,257 ($5,939 net of tax) in the Flooring ROW and Flooring NA reporting units during the third quarter of 2023 and 2022, respectively.

The Company’s annual testing date for goodwill and tradenames is the first day of its fourth quarter and due to the fact

that there were no significant changes in facts or circumstances in the one calendar day, the Company determined there was no additional impairment of goodwill or tradenames. The Company conducted a qualitative analysis as of December 31, 2023 and determined there was no indication of an impairment.

A significant or prolonged deterioration in economic conditions, continued increases in the costs of raw materials and energy combined with an inability to pass these costs on to customers, a further decline in the Company’s market capitalization or comparable company market multiples, projected future cash flows, or increases in the WACC, could impact the Company’s assumptions and require a reassessment of goodwill or indefinite-lived intangible assets for impairment in future periods. Future declines in estimated after tax cash flows, increases in the WACC or a decline in market capitalization could result in an additional indication of impairment in one or more of the Company’s reporting units.

The following tables summarize the components of goodwill and intangible assets:

Goodwill:


	Global Ceramic		Flooring NA	Flooring ROW	Total
Balances as of December 31, 2021 (1)	$	1,031,337	531,144	1,045,428	2,607,909
Goodwill adjustments related to acquisitions	—		—	(2,722)	(2,722)
Goodwill recognized	—		60,841	11,542	72,383
Impairment charges	(688,514)		—	—	(688,514)
Currency translation	(2,989)		—	(58,308)	(61,297)
Balances as of December 31, 2022	339,834		591,985	995,940	1,927,759
Goodwill adjustments related to acquisitions	—		(4,888)	3,217	(1,671)
Goodwill recognized	87,520		—	—	87,520
Impairment charges	(424,286)		(214,830)	(231,634)	(870,750)
Currency translation	(3,068)		—	19,934	16,866
Balances as of December 31, 2023	$	—	372,267	787,457	1,159,724

(1) Net of accumulated impairment losses of $1,327,425 ($531,930 in Global Ceramic, $343,054 in Flooring NA and $452,441 in Flooring ROW).

Intangible assets:


	Tradenames
Indefinite life assets not subject to amortization:
Balance as of December 31, 2021	$	694,905
Intangible assets acquired	335
Intangible assets impaired	(7,257)
Currency translation	(19,655)
Balance as of December 31, 2022	668,328
Intangible assets acquired	38,539
Intangible assets impaired	(6,994)
Currency translation	5,873
Balance as of December 31, 2023	$	705,746


	Customer Relationships		Patents	Other	Total
Intangible assets subject to amortization:
Balances as of December 31, 2021
Gross carrying amount	$	680,177	256,336	6,786	943,299
Accumulated amortization	(483,748)		(252,414)	(2,062)	(738,224)
Net intangible assets subject to amortization	196,429		3,922	4,724	205,075
Balances as of December 31, 2022
Gross carrying amount	673,586		242,089	8,511	924,186
Accumulated amortization	(493,361)		(239,010)	(2,195)	(734,566)
Net intangible assets subject to amortization	180,225		3,079	6,316	189,620
Balances as of December 31, 2023
Gross carrying amount	691,498		249,680	8,754	949,932
Accumulated amortization	(531,003)		(247,150)	(2,142)	(780,295)
Net intangible assets subject to amortization	$	160,495	2,530	6,612	169,637


	Years Ended December 31,
	2023		2022	2021
Amortization expense	$	28,339	28,086	29,280

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


	Amount
2024	$	28,366
2025	28,154
2026	27,933
2027	20,742
2028	12,948

Acquisitions

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Acquisitions

2023 Acquisitions

During the first quarter of 2023, the Company completed the acquisitions of two ceramic tile businesses in Brazil and Mexico within Global Ceramic for $515,509. The Company’s acquisitions resulted in a goodwill allocation of $87,520. None of the goodwill will be deductible for tax purposes. The factors contributing to the recognition of the amount of goodwill are based on several strategic and synergistic benefits that are expected to be realized from the acquisitions. These benefits include opportunities to improve the Company’s ceramic performance by leveraging best practices, operational expertise, product innovation and manufacturing assets across the segment. The following table presents the allocation of the purchase price by major class of assets acquired and liabilities assumed as of the acquisition date.


	Amounts Recognized as of the Acquisition Date
Working capital	$	95,336
Property, plant and equipment	333,495
Tradenames	38,539
Customer relationships	4,040
Goodwill	87,520
Long-term debt, including current portion	(26,072)
Deferred tax, net	(10,088)
Consideration transferred	522,770
Less: cash acquired	(7,261)
Net consideration transferred (net of cash acquired)	$	515,509

The supplemental pro forma information is immaterial to the Company's financial statements.

2022 Acquisitions

During 2022, the Company completed two acquisitions in Flooring North America (“Flooring NA”) for $164,475. The Company’s acquisitions resulted in a goodwill allocation of $55,954 and intangible assets subject to amortization of $19,900. Substantially all of the goodwill is deductible for tax purposes. During the third and fourth quarters of 2022, the Company also completed three acquisitions in Flooring Rest of the World (“Flooring ROW”) for $47,964, which resulted in a goodwill allocation of $14,759 and intangible assets subject to amortization of $3,376. An immaterial amount of goodwill is deductible for tax purposes.

2021 Acquisitions

During 2021, the Company completed acquisitions in Flooring ROW totaling $121,027, including the acquisition of an insulation manufacturer, on September 7, 2021 for $66,334 and the acquisition of a MDF production plant on November 2, 2021 for $44,357. The Company’s acquisitions resulted in a goodwill allocation of $52,536 and intangible assets subject to amortization of $19,910. The goodwill was not deductible for tax purposes. The remaining acquisitions resulted in goodwill of $1,672 and intangible assets subject to amortization of $5,596.

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Taxes

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


	2023		2022	2021
United States	$	(440,556)	(233,208)	380,632
Foreign	86,047		417,101	909,361
Earnings (loss) before income taxes	$	(354,509)	183,893	1,289,993

Income tax (benefit) expense for the years ended December 31, 2023, 2022 and 2021 consists of the following:


	2023		2022	2021
Current income taxes:
U.S. federal	$	67,054	91,948	93,085
State and local	11,851		11,230	24,904
Foreign	115,903		106,032	143,385
Total current	194,808		209,210	261,374
Deferred income taxes:
U.S. federal	(50,089)		(27,756)	(2,655)
State and local	(5,251)		9,586	13,306
Foreign	(54,606)		(32,930)	(15,580)
Total deferred	(109,946)		(51,100)	(4,929)
Total income tax expense	$	84,862	158,110	256,445

The geographic dispersion of earnings and losses contributes to the annual changes in the Company’s effective tax rates. A substantial portion of the Company’s business activities are conducted in the United States, which gave rise to a loss in the current year. 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, 2023, 2022 and 2021 were (5.3)%, (36.5)%, and 33.8%, respectively, and its non-U.S. effective tax rates for the years ended December 31, 2023, 2022 and 2021 were 71.2%, 17.5%, and 14.1%, respectively. The difference in rates applicable in foreign jurisdictions results from many factors, including lower statutory rates, increase in valuation allowance, 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:


	2023		2022	2021
Income taxes at statutory rate	$	(74,447)	38,618	270,898
State and local income taxes, net of federal income tax benefit	5,655		4,858	25,658
Foreign income taxes (1)	(58,984)		(50,483)	(34,981)
Change in valuation allowance	302,825		44,814	5,947
Impairment of non-deductible goodwill	183,059		132,497	—


Carryback rate differential (2)	—		—	(15,743)

Fixed asset adjustments	(6,562)		(7,289)	(7,113)
Non-deductible expenses	9,350		11,250	8,128
General business credits and incentives	(316,329)		(21,833)	(3,958)

Global intangible low-taxed income	215		7,200	34,400
Italy step-up adjustment (3)	—		—	(22,163)
Prior period adjustments	(5,638)		4,510	1,133
Tax impact of restructuring	25,428		—	—
Tax contingencies and audit settlements, net	26,331		(96)	12,505


Other, net	(6,041)		(5,936)	(18,266)
Income tax expense	$	84,862	158,110	256,445

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

(2) 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.

(3) 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, 2023 and 2022 are presented below:


	2023		2022
Deferred tax assets:
Accounts receivable	$	26,179	15,783
Inventories	54,590		53,088
Employee benefits	49,671		47,089
Accrued expenses and other	123,968		95,682
Deductible state tax and interest benefit	12,256		7,584
Intangibles	122,621		122,710
Lease liabilities	100,389		108,596
Interest expense	44,153		10,749
Federal, foreign and state net operating losses and credits	814,384		448,759
Gross deferred tax assets	1,348,211		910,040
Valuation allowance	(582,683)		(284,347)
Net deferred tax assets	765,528		625,693
Deferred tax liabilities:
Inventories	(18,260)		(17,415)
Plant and equipment	(477,074)		(463,810)
Intangibles	(181,433)		(175,788)
Right of use operating lease assets	(93,801)		(102,959)
Prepaids	(52,528)		(47,079)
Other liabilities	(75,770)		(58,799)
Gross deferred tax liabilities	(898,866)		(865,850)
Net deferred tax liability	$	(133,338)	(240,157)

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, 2023, and 2022 is $582,683 and $284,347, respectively. The valuation allowance as of December 31, 2023 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 2023 valuation allowance was an increase of $298,336 primarily related to a $300,000 credit received in Switzerland where realizability is uncertain as of December 31, 2023. The total change in the 2022 valuation allowance was an increase of $47,990 related to increased losses, 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, 2023, the Company has state net operating loss carry forwards and state tax credits with potential tax benefits of $50,368, net of federal income tax benefit. A valuation allowance totaling $37,970 has been recorded against these state deferred tax assets as of December 31, 2023. In addition, as of December 31, 2023, the Company has credits and net operating loss carry forwards in the U.S. with potential tax benefits of $7,811 and in various foreign jurisdictions with potential tax benefits of $1,962,774. A valuation allowance of $6,242 and $538,471, respectively, has been recorded against these deferred tax assets as of December 31, 2023. A portion of the carryforwards expire over various periods beginning in 2024 and the remaining carryforwards have an indefinite life.

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, 2023 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, 2023, the Company’s gross amount of unrecognized tax benefits is $1,304,874, excluding interest and penalties. If the Company were to prevail on all uncertain tax positions, $75,299 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:


	2023		2022
Balance as of January 1	$	1,230,632	1,296,523
Additions based on tax positions related to the current year	4,139		1,439
Additions for tax positions of acquired companies	11,728		—
Additions for tax positions of prior years	21,744		4,678

Reductions resulting from the lapse of the statute of limitations	(422)		(3,419)

Settlements with taxing authorities	(873)		—
Effects of foreign currency translation	37,926		(68,589)
Balance as of December 31	$	1,304,874	1,230,632

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 2023, resulting in an updated balance of $1,206,569 as of December 31, 2023.

As of December 31, 2023 and 2022, the Company has $26,926 and $14,801, 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, 2023, 2022 and 2021, the Company accrued interest and penalties through income tax expense of $6,463, $437 and $3,236, respectively.

The Company believes that its unrecognized tax benefits could decrease by $22,680 within the next twelve months. The Company’s 2018, 2019 and 2020 federal tax returns are currently under audit by the Internal Revenue Service. 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.

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
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-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 17
-Subparagraph (b)
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-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
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-Section S99
-Paragraph 1
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 2
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Section 50
-Paragraph 2
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

Schedule of Components of Accounts Payable and Accrued Expenses

Income Taxes - Schedule of Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Accounts receivable	$ 26,179	$ 15,783
Inventories	54,590	53,088
Employee benefits	49,671	47,089
Accrued expenses and other	123,968	95,682
Deductible state tax and interest benefit	12,256	7,584
Intangibles	122,621	122,710
Lease liabilities	100,389	108,596
Interest expense	44,153	10,749
Federal, foreign and state net operating losses and credits	814,384	448,759
Gross deferred tax assets	1,348,211	910,040
Valuation allowance	(582,683)	(284,347)
Net deferred tax assets	765,528	625,693
Deferred tax liabilities:
Inventories	(18,260)	(17,415)
Plant and equipment	(477,074)	(463,810)
Intangibles	(181,433)	(175,788)
Right of use operating lease assets	(93,801)	(102,959)
Prepaids	(52,528)	(47,079)
Other liabilities	(75,770)	(58,799)
Gross deferred tax liabilities	(898,866)	(865,850)
Net deferred tax liability	$ (133,338)	$ (240,157)

Fair Value - Schedule of Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Recurring \| Level 2 \| Commercial Paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term investments	$ 0	$ 158,000

Accounts Payable and Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Accounts payable and accrued expenses are as follows:


	December 31, 2023		December 31, 2022
Outstanding checks in excess of cash	$	2,223	2,791
Accounts payable, trade	1,038,024		1,094,038
Accrued expenses	667,761		742,099
Product warranties	37,574		38,425
Accrued interest	20,052		8,748


Accrued compensation and benefits	269,705		238,347
Total accounts payable and accrued expenses	$	2,035,339	2,124,448

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 10,392,297	$ 9,647,779
Less: accumulated depreciation	5,399,131	4,986,601
Net property, plant and equipment	4,993,166	4,661,178
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	519,224	466,820
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	2,105,114	1,851,390
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	6,788,032	6,310,442
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	166,778	162,864
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	110,134	107,079
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 703,015	$ 749,184

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 642,550	$ 509,623
Short-term investments	0	158,000
Receivables, net	1,874,656	1,904,786
Inventories	2,551,853	2,793,765
Prepaid expenses	515,819	498,222
Other current assets	19,339	30,703
Total current assets	5,604,217	5,895,099
Property, plant and equipment, net	4,993,166	4,661,178
Right of use operating lease assets	428,532	387,816
Goodwill	1,159,724	1,927,759
Tradenames	705,746	668,328
Other intangible assets subject to amortization, net	169,637	189,620
Deferred income taxes and other non-current assets	498,847	390,632
Total assets	13,559,869	14,120,432
Current liabilities:
Short-term debt and current portion of long-term debt	1,001,715	840,571
Accounts payable and accrued expenses	2,035,339	2,124,448
Current operating lease liabilities	108,860	105,266
Total current liabilities	3,145,914	3,070,285
Deferred income taxes	391,500	444,660
Long-term debt, less current portion	1,701,785	1,978,563
Non-current operating lease liabilities	337,506	296,136
Other long-term liabilities	354,028	312,874
Total liabilities	5,930,733	6,102,518
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; 71,024 and 70,875 shares issued and outstanding in 2023 and 2022, respectively	710	709
Additional paid-in capital	1,947,477	1,930,789
Retained earnings	6,970,244	7,409,760
Accumulated other comprehensive income (loss)	(1,079,963)	(1,114,258)
Shareholder's equity before treasury stock	7,838,468	8,227,000
Less: treasury stock at cost; 7,338 and 7,341 shares in 2023 and 2022, respectively	215,397	215,491
Total Mohawk Industries, Inc. stockholders’ equity	7,623,071	8,011,509
Noncontrolling interests	6,065	6,405
Total stockholders’ equity	7,629,136	8,017,914
Total liabilities and stockholders' equity	$ 13,559,869	$ 14,120,432

Restructuring, Acquisition and Integration-Related Costs (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

Restructuring, acquisition and integration-related costs consisted of the following during the year ended December 31, 2023, 2022 and 2021, respectively (in thousands):


	2023		2022	2021
Cost of sales:
Restructuring costs	$	103,422	67,621	17,899

Acquisition integration-related costs	974		396	497
Restructuring and acquisition integration-related costs	$	104,396	68,017	18,396

Selling, general and administrative expenses:
Restructuring costs	$	12,385	9,094	1,301
Acquisition transaction-related costs	2,117		1,654	2,372
Acquisition integration-related costs	12,712		2,992	1,568
Restructuring, acquisition transaction and integration-related costs	$	27,214	13,740	5,241

Schedule of Restructuring and Related Costs

The restructuring activity for the years ended December 31, 2023 and 2022, respectively is as follows (in thousands):


	Lease Impairments		Asset Write- Downs (Gains on Disposals)	Severance	Other Restructuring Costs	Total








Balance as of December 31, 2021	$	—	—	1,634	995	2,629
Restructuring costs:
Global Ceramic	—		—	3,365	—	3,365
Flooring NA	—		29,327	741	14,406	44,474
Flooring ROW	—		9,371	12,677	6,828	28,876
Corporate	—		—	—	—	—
Total restructuring costs for 2022	—		38,698	16,783	21,234	76,715
Cash payments	—		—	(8,557)	(21,241)	(29,798)
Non-cash items	—		(38,698)	177	(988)	(39,509)
Balance as of December 31, 2022	—		—	10,037	—	10,037
Restructuring costs:
Global Ceramic	480		16,106	7,826	717	25,129
Flooring NA	—		28,180	768	22,073	51,021
Flooring ROW	—		31,453	4,272	3,770	39,495
Corporate	—		—	162	—	162
Total restructuring costs for 2023	480		75,739	13,028	26,560	115,807
Cash payments	—		—	(10,155)	(18,641)	(28,796)
Non-cash items	(480)		(75,739)	(816)	(7,919)	(84,954)
Balance as of December 31, 2023	$	—	—	12,094	—	12,094






2022 restructuring costs recorded in:
Cost of sales	$	—	38,698	7,915	21,008	67,621
Selling, general and administrative expenses	—		—	8,868	226	9,094
Total restructuring costs for 2022	$	—	38,698	16,783	21,234	76,715

2023 restructuring costs recorded in:
Cost of sales	$	—	75,593	5,778	22,051	103,422
Selling, general and administrative expenses	480		146	7,250	4,509	12,385
Total restructuring costs for 2023	$	480	75,739	13,028	26,560	115,807

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease costs for the twelve months ended December 31, 2023, 2022 and 2021, respectively, are as follows:


December 31, 2023	Cost of Goods Sold		Selling, General and Administrative Expenses	Total
Operating lease costs:
Fixed	$	29,968	109,704	139,672
Short-term	15,445		20,162	35,607
Variable	9,717		35,739	45,456
Sub-leases	(697)		(1,480)	(2,177)
Total operating lease costs	$	54,433	164,125	218,558

	Depreciation and Amortization		Interest	Total
Finance lease costs:
Amortization of leased assets	$	15,367	—	15,367
Interest on lease liabilities	—		1,962	1,962
Total finance lease costs	$	15,367	1,962	17,329
Total lease costs				$	235,887


December 31, 2022	Cost of Goods Sold		Selling, General and Administrative Expenses	Total
Operating lease costs:
Fixed	$	21,321	110,716	132,037
Short-term	17,005		19,154	36,159
Variable	7,689		35,985	43,674
Sub-leases	(691)		(1,652)	(2,343)
Total operating lease costs	$	45,324	164,203	209,527

	Depreciation and Amortization		Interest	Total
Finance lease costs:
Amortization of leased assets	$	11,108	—	11,108
Interest on lease liabilities	—		816	816
Total finance lease costs	$	11,108	816	11,924
Total lease costs				$	221,451


December 31, 2021	Cost of Goods Sold		Selling, General and Administrative Expenses	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)
Total operating lease costs	$	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
Total finance lease costs	$	9,193	772	9,965
Total lease costs				$	203,029

Lease term and discount rate are as follows:


	December 31, 2023		December 31, 2022
Weighted Average Remaining Lease Term:
Operating Leases	4.7 years		4.5 years
Finance Leases	5.5 years		6.2 years

Weighted Average Discount Rate:
Operating Leases	4.8	%	3.8	%
Finance Leases	3.1	%	1.5	%

Schedule of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows:


	Classification	December 31, 2023		December 31, 2022
Assets
Operating Leases:
ROU operating lease assets	ROU operating lease assets	$	428,532	387,816
Finance Leases:
Property, plant and equipment, gross	Property, plant and equipment	117,350		82,653
Accumulated depreciation	Accumulated depreciation	(45,967)		(30,218)
Property, plant and equipment, net	Property, plant and equipment, net	71,383		52,435
Total lease assets		$	499,915	440,251

Liabilities
Operating Leases:
Other current	Current operating lease liabilities	$	108,860	105,266
Non-current	Non-current operating lease liabilities	337,506		296,136
Total operating liabilities		446,366		401,402
Finance Leases:
Short-term debt	Short-term debt and current portion of long-term debt	16,132		11,765
Long-term debt	Long-term debt, less current portion	55,060		40,285
Total finance liabilities		71,192		52,050
Total lease liabilities		$	517,558	453,452

Schedule of Maturity of Operating Lease Liabilities

Maturities of lease liabilities as of December 31, 2023 are as follows:


Year Ending December 31,	Finance Leases		Operating Leases	Total
2024	$	18,226	134,031	152,257
2025	16,936		117,783	134,719
2026	14,306		96,534	110,840
2027	10,768		67,254	78,022
2028	7,244		43,615	50,859
Thereafter	10,092		38,469	48,561
Total lease payments	77,572		497,686	575,258
Less: imputed interest	6,380		51,320	57,700
Present value, Total	$	71,192	446,366	517,558

Schedule of Maturity of Finance Lease Liabilities

Maturities of lease liabilities as of December 31, 2023 are as follows:


Year Ending December 31,	Finance Leases		Operating Leases	Total
2024	$	18,226	134,031	152,257
2025	16,936		117,783	134,719
2026	14,306		96,534	110,840
2027	10,768		67,254	78,022
2028	7,244		43,615	50,859
Thereafter	10,092		38,469	48,561
Total lease payments	77,572		497,686	575,258
Less: imputed interest	6,380		51,320	57,700
Present value, Total	$	71,192	446,366	517,558

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows:


	Twelve Months Ended
	December 31, 2023		December 31, 2022	December 31, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	135,249	129,895	122,886
Operating cash flows from finance leases	1,962		816	772
Financing cash flows from finance leases	14,574		10,770	9,289
ROU assets obtained in exchange for lease obligations:
Operating leases	160,836		119,115	186,605
Finance leases	31,642		16,160	13,395
Amortization:
Amortization of ROU operating lease assets (1)	120,393		120,666	115,650

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

Subsequent Event (Details) - Secured debt - Term Loan - Subsequent event € in Millions, $ in Millions	Feb. 16, 2024 EUR (€)	Jan. 31, 2024 USD ($)
Subsequent Event [Line Items]
Securitization agreement, maximum borrowing capacity \| $		$ 675
Remaining principal outstanding \| €	€ 220

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$ 135,249	$ 129,895	$ 122,886
Operating cash flows from finance leases	1,962	816	772
Financing cash flows from finance leases	14,574	10,770	9,289
ROU assets obtained in exchange for lease obligations:
Operating leases	160,836	119,115	186,605
Finance leases	31,642	16,160	13,395
Amortization of right of use operating lease assets	$ 120,393	$ 120,666	$ 115,650

Summary of Significant Accounting Policies - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ 8,017,914	$ 8,428,216	$ 8,541,158
Ending balance	7,629,136	8,017,914	8,428,216
Total
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,114,258)	(966,952)	(695,145)
Current period other comprehensive income (loss)	34,295	(147,306)	(271,807)
Ending balance	(1,079,963)	(1,114,258)	(966,952)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1,114,629)	(959,199)	(680,255)
Current period other comprehensive income (loss)	35,332	(155,430)	(278,944)
Ending balance	(1,079,297)	(1,114,629)	(959,199)
Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	371	(7,753)	(14,890)
Current period other comprehensive income (loss)	(1,037)	8,124	7,137
Ending balance	$ (666)	$ 371	$ (7,753)

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

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Leases - Schedule of Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating lease costs:
Fixed	$ 139,672	$ 132,037	$ 124,781
Short-term	35,607	36,159	31,849
Variable	45,456	43,674	38,076
Sub-leases	(2,177)	(2,343)	(1,642)
Total operating lease costs	218,558	209,527	193,064
Finance lease costs:
Amortization of leased assets	15,367	11,108	9,193
Interest on lease liabilities	1,962	816	772
Total finance lease costs	17,329	11,924	9,965
Total lease costs	235,887	221,451	203,029
Cost of Sales
Operating lease costs:
Fixed	29,968	21,321	20,130
Short-term	15,445	17,005	13,415
Variable	9,717	7,689	7,949
Sub-leases	(697)	(691)	(529)
Total operating lease costs	54,433	45,324	40,965
Selling, general and administrative expenses
Operating lease costs:
Fixed	109,704	110,716	104,651
Short-term	20,162	19,154	18,434
Variable	35,739	35,985	30,127
Sub-leases	(1,480)	(1,652)	(1,113)
Total operating lease costs	164,125	164,203	152,099
Depreciation and Amortization
Finance lease costs:
Amortization of leased assets	15,367	11,108	9,193
Interest on lease liabilities	0	0	0
Total finance lease costs	15,367	11,108	9,193
Interest
Finance lease costs:
Amortization of leased assets	0	0	0
Interest on lease liabilities	1,962	816	772
Total finance lease costs	$ 1,962	$ 816	$ 772

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net earnings (loss) including noncontrolling interests	$ (439,371)	$ 25,783	$ 1,033,548
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Restructuring	82,703	47,716	10,783
Impairment of goodwill and indefinite-lived intangibles	877,744	695,771	0
Depreciation and amortization	630,327	595,464	591,711
Deferred income taxes	(109,946)	(51,098)	(4,929)
(Gain) loss on disposal of property, plant and equipment	(102)	697	5,462
Stock-based compensation expense	20,960	22,409	25,651
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net	150,554	(84,381)	(207,047)
Inventories	281,284	(409,601)	(519,229)
Accounts payable and accrued expenses	(194,012)	(94,137)	360,791
Other assets and prepaid expenses	(14,418)	(49,552)	(66,844)
Other liabilities	43,506	(29,918)	79,222
Net cash provided by operating activities	1,329,229	669,153	1,309,119
Cash flows from investing activities:
Additions to property, plant and equipment	(612,929)	(580,742)	(676,120)
Acquisitions, net of cash acquired	(515,406)	(209,602)	(123,969)
Purchases of short-term investments	(775,000)	(2,481,000)	(1,211,239)
Redemption of short-term investments	933,000	2,646,000	1,454,574
Net cash used in investing activities	(970,335)	(625,344)	(556,754)
Cash flows from financing activities:
Payments on Senior Credit Facilities	(1,015,186)	(5,000)	0
Proceeds from Senior Credit Facilities	1,073,377	5,000	0
Payments on commercial paper	(16,402,415)	(19,412,925)	(570,362)
Proceeds from commercial paper	15,578,843	19,633,142	1,185,020
Proceeds from Senior Notes issuance	600,000	0	0
Repayments on Senior Notes	0	(600,000)	(932,252)
Proceeds from Term Loan Facility	0	907,952	0
Net payments of other financing activities	(39,084)	(23,455)	(11,656)
Debt issuance costs	(5,592)	(2,543)	0
Purchase of Mohawk common stock	0	(307,572)	(900,334)
Change in outstanding checks in excess of cash	(626)	(251)	(2,641)
Net cash provided by (used in) financing activities	(210,683)	194,348	(1,232,225)
Effect of exchange rate changes on cash and cash equivalents	(15,284)	2,571	(19,870)
Net change in cash and cash equivalents	132,927	240,728	(499,730)
Cash and cash equivalents, beginning of year	509,623	268,895	768,625
Cash and cash equivalents, end of year	$ 642,550	$ 509,623	$ 268,895

Restructuring, Acquisition and Integration-Related Costs - Schedule of Restructuring and Related Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Reserve [Roll Forward]
Beginning balance	$ 10,037	$ 2,629
Provision	115,807	76,715
Cash payments	(28,796)	(29,798)
Non-cash items	(84,954)	(39,509)
Ending balance	12,094	10,037	$ 2,629
Cost of sales:
Restructuring Reserve [Roll Forward]
Provision	103,422	67,621	17,899
Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	12,385	9,094	1,301
Lease Impairments
Restructuring Reserve [Roll Forward]
Beginning balance	0	0
Provision	480	0
Cash payments	0	0
Non-cash items	(480)	0
Ending balance	0	0	0
Lease Impairments \| Cost of sales:
Restructuring Reserve [Roll Forward]
Provision	0	0
Lease Impairments \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	480	0
Asset Write- Downs (Gains on Disposals)
Restructuring Reserve [Roll Forward]
Beginning balance	0	0
Provision	75,739	38,698
Cash payments	0	0
Non-cash items	(75,739)	(38,698)
Ending balance	0	0	0
Asset Write- Downs (Gains on Disposals) \| Cost of sales:
Restructuring Reserve [Roll Forward]
Provision	75,593	38,698
Asset Write- Downs (Gains on Disposals) \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	146	0
Severance
Restructuring Reserve [Roll Forward]
Beginning balance	10,037	1,634
Provision	13,028	16,783
Cash payments	(10,155)	(8,557)
Non-cash items	(816)	177
Ending balance	12,094	10,037	1,634
Severance \| Cost of sales:
Restructuring Reserve [Roll Forward]
Provision	5,778	7,915
Severance \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	7,250	8,868
Other Restructuring Costs
Restructuring Reserve [Roll Forward]
Beginning balance	0	995
Provision	26,560	21,234
Cash payments	(18,641)	(21,241)
Non-cash items	(7,919)	(988)
Ending balance	0	0	$ 995
Other Restructuring Costs \| Cost of sales:
Restructuring Reserve [Roll Forward]
Provision	22,051	21,008
Other Restructuring Costs \| Selling, general and administrative expenses
Restructuring Reserve [Roll Forward]
Provision	4,509	226
Operating segments \| Global Ceramic
Restructuring Reserve [Roll Forward]
Provision	25,129	3,365
Operating segments \| Global Ceramic \| Lease Impairments
Restructuring Reserve [Roll Forward]
Provision	480	0
Operating segments \| Global Ceramic \| Asset Write- Downs (Gains on Disposals)
Restructuring Reserve [Roll Forward]
Provision	16,106	0
Operating segments \| Global Ceramic \| Severance
Restructuring Reserve [Roll Forward]
Provision	7,826	3,365
Operating segments \| Global Ceramic \| Other Restructuring Costs
Restructuring Reserve [Roll Forward]
Provision	717	0
Operating segments \| Flooring NA
Restructuring Reserve [Roll Forward]
Provision	51,021	44,474
Operating segments \| Flooring NA \| Lease Impairments
Restructuring Reserve [Roll Forward]
Provision	0	0
Operating segments \| Flooring NA \| Asset Write- Downs (Gains on Disposals)
Restructuring Reserve [Roll Forward]
Provision	28,180	29,327
Operating segments \| Flooring NA \| Severance
Restructuring Reserve [Roll Forward]
Provision	768	741
Operating segments \| Flooring NA \| Other Restructuring Costs
Restructuring Reserve [Roll Forward]
Provision	22,073	14,406
Operating segments \| Flooring ROW
Restructuring Reserve [Roll Forward]
Provision	39,495	28,876
Operating segments \| Flooring ROW \| Lease Impairments
Restructuring Reserve [Roll Forward]
Provision	0	0
Operating segments \| Flooring ROW \| Asset Write- Downs (Gains on Disposals)
Restructuring Reserve [Roll Forward]
Provision	31,453	9,371
Operating segments \| Flooring ROW \| Severance
Restructuring Reserve [Roll Forward]
Provision	4,272	12,677
Operating segments \| Flooring ROW \| Other Restructuring Costs
Restructuring Reserve [Roll Forward]
Provision	3,770	6,828
Corporate
Restructuring Reserve [Roll Forward]
Provision	162	0
Corporate \| Lease Impairments
Restructuring Reserve [Roll Forward]
Provision	0	0
Corporate \| Asset Write- Downs (Gains on Disposals)
Restructuring Reserve [Roll Forward]
Provision	0	0
Corporate \| Severance
Restructuring Reserve [Roll Forward]
Provision	162	0
Corporate \| Other Restructuring Costs
Restructuring Reserve [Roll Forward]
Provision	$ 0	$ 0

Long-Term Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Long-Term Debt

Senior Credit Facility

On August 12, 2022, the Company entered into a fourth amendment (the “Amendment”) to its existing senior revolving credit facility (the “Senior Credit Facility”). The Amendment, among other things, (i) extended the maturity of the Senior Credit Facility from October 18, 2024 to August 12, 2027, (ii) 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, (iii) increased the Consolidated Interest Coverage Ratio financial maintenance covenant from 3.00:1.00 to 3.50:1.00, (iv) eliminated certain covenants applicable to the Company and its subsidiaries, including, but not limited to, restrictions on dispositions, restricted payments, and transactions with affiliates, and the Consolidated Net Leverage Ratio financial covenant, and (v) increased the amount available under the Senior Credit Facility to $1,950,000 until October 18, 2024, after which the amount available under the Senior Credit Facility will decrease to $1,485,000. The Amendment also permits the Company to increase the commitments under the Senior Credit Facility by an aggregate amount not to exceed $600,000.

At the Company’s election, U.S.-dollar denominated revolving loans under the Senior Credit Facility bear interest at annual rates equal to either (a) SOFR (plus a 0.10% SOFR adjustment) for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 1.00% and 1.75% (1.13% as of December 31, 2023), or (b) the Base Rate (defined as the higher of the Wells Fargo Bank, National Association prime rate, the Federal Funds Effective Rate plus 0.5%, or SOFR (plus a 0.10% SOFR adjustment) for a 1 month period rate plus 1.0%), plus an applicable margin ranging between 0.00% and 0.75% (0.13% as of December 31, 2023). At the Company’s election, revolving loans under the Senior Credit Facility denominated in Canadian dollars, Australian dollars, Hong Kong dollars or euros bear interest at annual rates equal to either (a) the applicable benchmark for such currency plus an applicable margin ranging between 1.00% and 1.75% (1.13% as of December 31, 2023), or (b) the Base Rate plus an applicable margin ranging between 0.00% and 0.75% (0.13% as of December 31, 2023). 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 (0.11% as of December 31, 2023). 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 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, 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 requirement and is not otherwise in default. As described above, the Consolidated Net Leverage Ratio financial covenant was eliminated on August 12, 2022.

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

In 2022, the Company paid financing costs of $1,879 in connection with the Amendment of its Senior Credit Facility. These costs were deferred and, along with previously unamortized costs of $2,663, are being amortized over the term of the Senior Credit Facility.

As of December 31, 2023, amounts utilized under the Senior Credit Facility included $67,117 borrowings and $746 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. The Company has utilized $67,863 under the Senior Credit Facility, resulting in a total of $1,882,137 available as of December 31, 2023.

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 rank pari passu with 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 the Company’s commercial paper programs may not exceed $1,950,000 (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, 2023, there was zero outstanding under the U.S. commercial paper program and the European program.

Senior Notes

On September 18, 2023, the Company completed the issuance and sale of $600,000 aggregate principal amount of 5.850% Senior Notes (“5.850% Senior Notes”) due September 18, 2028. The 5.850% Senior Notes are senior unsecured obligations of the Company and rank pari passu with the Company’s other existing and future senior unsecured indebtedness. Interest on the 5.850% Senior Notes is payable semi-annually in cash on March 18 and September 18 of each year, commencing on March 18, 2024. The Company paid financing costs of $5,592 in connection with the 5.850% Senior Notes. These costs were deferred and are being amortized over the term of the 5.850% 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 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 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 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 were senior unsecured obligations of the Company and ranked pari passu with the Company’s existing and future unsecured indebtedness. Interest on the 3.85% Senior Notes was 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 were amortized over the term of the 3.85% Senior Notes. On November 1, 2022, the Company redeemed at par all 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 August 12, 2022, the Company and its indirect wholly-owned subsidiary, Mohawk International Holdings S.à r.l. (“Mohawk International”), entered into an agreement that provides for a delayed draw term loan facility (the “Term Loan Facility”), consisting of borrowings of up to $575,000 and €220,000. On October 3, 2022, an additional $100,000 of borrowing capacity was added to the Term Loan Facility. The Term Loan Facility could be drawn upon in up to two advances on any business day on or before December 31, 2022, with the proceeds being used for funding working capital and general corporate purposes. On October 31, 2022 and December 6, 2022, the Company made draws of $675,000 and €220,000, respectively. The Company must pay the outstanding principal amount of the Term Loan Facility, plus accrued and unpaid interest, not later than the maturity date of August 12, 2024. The Company may prepay all or a portion of the Term Loan Facility, plus accrued and unpaid interest, from time to time, without premium or penalty.

At the Company’s election, U.S. dollar-denominated loans under the Term Loan Facility bear interest at an annual rate equal to either (a) SOFR (plus a 0.10% SOFR adjustment) for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 0.825% and 1.50% (0.900% as of December 31, 2023), determined based upon the Company’s consolidated net leverage ratio, or (b) the base rate (defined as the higher of the Wells Fargo Bank, National Association prime rate, the Federal Funds Effective Rate plus 0.5%, and SOFR (plus a 0.10% SOFR adjustment) for a 1 month period plus 1.0%) plus an applicable margin ranging between 0.00% and 0.50% (0.00% as of December 31, 2023), determined based upon the Company’s consolidated net leverage ratio. Euro-denominated loans under the Term Loan Facility bear interest at an annual rate equal to EURIBOR for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 0.825% and 1.50% (0.900% as of December 31, 2023), determined based upon the Company’s consolidated net leverage ratio.

In 2022, the Company paid financing costs of $664 in connection with the Term Loan Facility. These costs were deferred and are being amortized over the term of the Term Loan Facility.

The obligations of the Company and its subsidiaries in respect of the Term Loan Facility are unsecured.

The Term Loan Facility includes certain affirmative and negative covenants that impose restrictions on the Company’s financial and business operations, including limitations on liens, indebtedness, fundamental changes, and changes in the nature of the Company’s business. Many of these limitations are subject to numerous exceptions. The Company is also required to maintain a Consolidated Interest Coverage Ratio of at least 3.5 to 1.0 as of the last day of any fiscal quarter.

The Term Loan Facility also contains customary representations and warranties.

The Term Loan Facility contains events of default customary for this type of financing, including a cross default and cross acceleration provision to certain other material indebtedness of the Company. Upon the occurrence of an event of default, the outstanding obligations under the Term Loan Facility may be accelerated and become due and payable immediately. In addition, if certain change of control events occur with respect to the Company, the Company is required to repay the loans outstanding under the Term Loan Facility.

On January 31, 2024, the Company prepaid the entirety of the USD portion of the Term Loan Facility, in the amount of $675,000. On February 16, 2024, the Company prepaid the entirety of the EUR portion of the Term Loan Facility, in the amount of €220,000.

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


	December 31, 2023			December 31, 2022
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	521,899	551,876	482,139	535,103
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	463,965		500,000	431,605	500,000
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually	622,890		600,000	—	—




U.S. commercial paper	—		—	785,998	785,998
European commercial paper	—		—	42,808	42,808

Senior credit facility, payable August 12, 2027	67,117		67,117	—	—

U.S. Term Loan Facility	675,000		675,000	675,000	675,000
European Term Loan Facility	242,826		242,826	235,445	235,445
Finance leases and other	77,699		77,699	52,050	52,050
Unamortized debt issuance costs	(11,018)		(11,018)	(7,270)	(7,270)
Total debt	2,660,378		2,703,500	2,697,775	2,819,134
Less: current portion of long term-debt and commercial paper	1,001,715		1,001,715	840,571	840,571
Long-term debt, less current portion	$	1,658,663	1,701,785	1,857,204	1,978,563

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, 2023 are as follows:


	Amount (1)
2024	$	1,001,926
2025	16,151
2026	13,958
2027	562,689
2028	607,575
Thereafter	512,219
Total maturities	$	2,714,518

(1) Debt maturity table excludes deferred loan costs.

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings (loss) including noncontrolling interests	$ (439,371)	$ 25,783	$ 1,033,548
Other comprehensive income (loss):
Foreign currency translation adjustments	35,000	(155,424)	(279,384)
Prior pension and post-retirement benefit service cost and actuarial gain (loss), net of tax	(1,037)	8,124	7,137
Other comprehensive income (loss)	33,963	(147,300)	(272,247)
Comprehensive income (loss)	(405,408)	(121,517)	761,301
Less: comprehensive income (loss) attributable to noncontrolling interests	(187)	541	(51)
Comprehensive income (loss) attributable to Mohawk Industries, Inc.	$ (405,221)	$ (122,058)	$ 761,352

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.

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.

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 944
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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Schedule of Net Components of Inventories

Inventories (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

The components of inventories are as follows:


	December 31, 2023		December 31, 2022
Finished goods	$	1,796,951	1,986,005
Work in process	164,197		160,757
Raw materials	590,705		647,003
Total inventories	$	2,551,853	2,793,765

Receivables, net

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Receivables, net


	December 31, 2023		December 31, 2022
Customers, trade	$	1,716,309	1,699,130
Income tax receivable	48,399		60,080
Other	176,808		219,355
	1,941,516		1,978,565
Less: allowance for discounts, claims and doubtful accounts	66,860		73,779
Receivables, net	$	1,874,656	1,904,786

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Following is a summary of property, plant and equipment:


	December 31, 2023		December 31, 2022
Land	$	519,224	466,820
Buildings and improvements	2,105,114		1,851,390
Machinery and equipment	6,788,032		6,310,442
Furniture and fixtures	166,778		162,864
Leasehold improvements	110,134		107,079
Construction in progress	703,015		749,184
	10,392,297		9,647,779
Less: accumulated depreciation	5,399,131		4,986,601
Net property, plant and equipment	$	4,993,166	4,661,178

Additions to property, plant and equipment included capitalized interest of $23,544, $16,895 and $9,082 in 2023, 2022 and 2021, respectively. Depreciation expense was $598,874, $564,255 and $558,818 for 2023, 2022 and 2021, respectively. Included in property, plant and equipment are finance leases with a cost of $117,350 and $82,653 and accumulated depreciation of $45,967 and $30,218 as of December 31, 2023 and 2022, respectively.

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table presents the allocation of the purchase price by major class of assets acquired and liabilities assumed as of the acquisition date.


	Amounts Recognized as of the Acquisition Date
Working capital	$	95,336
Property, plant and equipment	333,495
Tradenames	38,539
Customer relationships	4,040
Goodwill	87,520
Long-term debt, including current portion	(26,072)
Deferred tax, net	(10,088)
Consideration transferred	522,770
Less: cash acquired	(7,261)
Net consideration transferred (net of cash acquired)	$	515,509

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Shares
RSUs outstanding, beginning balance (in shares)	454	439	375
Granted (in shares)	271	192	194
Released (in shares)	(193)	(134)	(105)
Forfeited (in shares)	(45)	(43)	(25)
RSUs outstanding, ending balance (in shares)	487	454	439
Expected to vest as of December 31, 2021 (in shares)	487	437	418
Weighted Average Grant Date Fair Value
RSUs outstanding, beginning balance (usd per share)	$ 126.79
Granted (usd per share)	101.42
Released (usd per share)	132.32
Forfeited (usd per share)	133.83
RSUs outstanding, ending balance (usd per share)	$ 109.83	$ 126.79
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)	10 months 24 days
Expected to vest, weighted average remaining contractual term (years)	10 months 24 days
Ending balance, aggregate intrinsic value	$ 50,438
Expected to vest, aggregate intrinsic value	$ 50,438

Consolidated Statements of Cash Flows Information

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Information [Abstract]

Consolidated Statements of Cash Flows Information

Supplemental disclosures of cash flow information are as follows:


	2023		2022	2021
Net cash paid during the years for:
Interest	$	86,426	75,199	75,514
Income taxes	$	187,012	248,693	323,718

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	81,138	118,701	117,084

Fair value of assets acquired, net of liabilities assumed:
Fair value of net assets acquired in acquisition	$	677,057	243,934	176,924

Liabilities assumed in acquisition	(161,651)		(34,332)	(52,955)

Fair value of net assets acquired	$	515,406	209,602	123,969

Income Taxes - Schedule of Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits [Roll Forward]
Balance as of January 1	$ 1,230,632	$ 1,296,523
Additions based on tax positions related to the current year	4,139	1,439
Additions for tax positions of acquired companies	11,728	0
Additions for tax positions of prior years	21,744	4,678
Reductions resulting from the lapse of the statute of limitations	(422)	(3,419)
Settlements with taxing authorities	(873)	0
Effects of foreign currency translation	37,926	(68,589)
Balance as of December 31	$ 1,304,874	$ 1,230,632

Revenue from Contracts with Customers - Summary of Disaggregated Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 11,135,115	$ 11,737,065	$ 11,200,613
Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	4,293,084	4,320,423	3,938,654
Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	3,955,360	4,235,815	4,294,042
Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	1,732,614	1,964,486	1,852,766
Other
Disaggregation of Revenue [Line Items]
Net sales	1,154,057	1,216,341	1,115,151
United States
Disaggregation of Revenue [Line Items]
Net sales	6,040,058	6,490,079	6,181,628
Europe
Disaggregation of Revenue [Line Items]
Net sales	3,380,980	3,701,648	3,567,902
Latin America
Disaggregation of Revenue [Line Items]
Net sales	767,773	512,249	434,512
Other
Disaggregation of Revenue [Line Items]
Net sales	946,304	1,033,089	1,016,571
Operating segments \| Global Ceramic
Disaggregation of Revenue [Line Items]
Net sales	4,300,107	4,307,681	3,917,319
Operating segments \| Global Ceramic \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	4,258,873	4,282,887	3,903,597
Operating segments \| Global Ceramic \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	41,234	24,794	13,722
Operating segments \| Global Ceramic \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic \| Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic \| United States
Disaggregation of Revenue [Line Items]
Net sales	2,320,019	2,403,292	2,193,234
Operating segments \| Global Ceramic \| Europe
Disaggregation of Revenue [Line Items]
Net sales	1,071,649	1,249,953	1,148,868
Operating segments \| Global Ceramic \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	730,326	476,612	421,696
Operating segments \| Global Ceramic \| Other
Disaggregation of Revenue [Line Items]
Net sales	178,113	177,824	153,521
Operating segments \| Flooring NA
Disaggregation of Revenue [Line Items]
Net sales	3,829,386	4,207,041	4,116,405
Operating segments \| Flooring NA \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	34,211	37,536	35,057
Operating segments \| Flooring NA \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	3,021,060	3,296,152	3,287,533
Operating segments \| Flooring NA \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	774,115	873,353	793,815
Operating segments \| Flooring NA \| Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Flooring NA \| United States
Disaggregation of Revenue [Line Items]
Net sales	3,713,311	4,072,952	3,978,146
Operating segments \| Flooring NA \| Europe
Disaggregation of Revenue [Line Items]
Net sales	4,375	6,345	2,825
Operating segments \| Flooring NA \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	3,776	4,623	3,663
Operating segments \| Flooring NA \| Other
Disaggregation of Revenue [Line Items]
Net sales	107,924	123,121	131,771
Operating segments \| Flooring ROW
Disaggregation of Revenue [Line Items]
Net sales	3,005,622	3,222,343	3,166,889
Operating segments \| Flooring ROW \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	0	0	0
Operating segments \| Flooring ROW \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	893,066	914,869	992,787
Operating segments \| Flooring ROW \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	958,499	1,091,133	1,058,951
Operating segments \| Flooring ROW \| Other
Disaggregation of Revenue [Line Items]
Net sales	1,154,057	1,216,341	1,115,151
Operating segments \| Flooring ROW \| United States
Disaggregation of Revenue [Line Items]
Net sales	6,728	13,835	10,248
Operating segments \| Flooring ROW \| Europe
Disaggregation of Revenue [Line Items]
Net sales	2,304,956	2,445,350	2,416,209
Operating segments \| Flooring ROW \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	33,671	31,014	9,153
Operating segments \| Flooring ROW \| Other
Disaggregation of Revenue [Line Items]
Net sales	$ 660,267	$ 732,144	$ 731,279

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Earnings (Loss) From Continuing Operations Before Income Taxes

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


	2023		2022	2021
United States	$	(440,556)	(233,208)	380,632
Foreign	86,047		417,101	909,361
Earnings (loss) before income taxes	$	(354,509)	183,893	1,289,993

Schedule of Income Tax Expense (Benefit)

Income tax (benefit) expense for the years ended December 31, 2023, 2022 and 2021 consists of the following:


	2023		2022	2021
Current income taxes:
U.S. federal	$	67,054	91,948	93,085
State and local	11,851		11,230	24,904
Foreign	115,903		106,032	143,385
Total current	194,808		209,210	261,374
Deferred income taxes:
U.S. federal	(50,089)		(27,756)	(2,655)
State and local	(5,251)		9,586	13,306
Foreign	(54,606)		(32,930)	(15,580)
Total deferred	(109,946)		(51,100)	(4,929)
Total income tax expense	$	84,862	158,110	256,445

Schedule of Reconciliation of Income Tax Expense (Benefit)


	2023		2022	2021
Income taxes at statutory rate	$	(74,447)	38,618	270,898
State and local income taxes, net of federal income tax benefit	5,655		4,858	25,658
Foreign income taxes (1)	(58,984)		(50,483)	(34,981)
Change in valuation allowance	302,825		44,814	5,947
Impairment of non-deductible goodwill	183,059		132,497	—


Carryback rate differential (2)	—		—	(15,743)

Fixed asset adjustments	(6,562)		(7,289)	(7,113)
Non-deductible expenses	9,350		11,250	8,128
General business credits and incentives	(316,329)		(21,833)	(3,958)

Global intangible low-taxed income	215		7,200	34,400
Italy step-up adjustment (3)	—		—	(22,163)
Prior period adjustments	(5,638)		4,510	1,133
Tax impact of restructuring	25,428		—	—
Tax contingencies and audit settlements, net	26,331		(96)	12,505


Other, net	(6,041)		(5,936)	(18,266)
Income tax expense	$	84,862	158,110	256,445

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

(2) 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.

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

Schedule of 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, 2023 and 2022 are presented below:


	2023		2022
Deferred tax assets:
Accounts receivable	$	26,179	15,783
Inventories	54,590		53,088
Employee benefits	49,671		47,089
Accrued expenses and other	123,968		95,682
Deductible state tax and interest benefit	12,256		7,584
Intangibles	122,621		122,710
Lease liabilities	100,389		108,596
Interest expense	44,153		10,749
Federal, foreign and state net operating losses and credits	814,384		448,759
Gross deferred tax assets	1,348,211		910,040
Valuation allowance	(582,683)		(284,347)
Net deferred tax assets	765,528		625,693
Deferred tax liabilities:
Inventories	(18,260)		(17,415)
Plant and equipment	(477,074)		(463,810)
Intangibles	(181,433)		(175,788)
Right of use operating lease assets	(93,801)		(102,959)
Prepaids	(52,528)		(47,079)
Other liabilities	(75,770)		(58,799)
Gross deferred tax liabilities	(898,866)		(865,850)
Net deferred tax liability	$	(133,338)	(240,157)

Schedule of Reconciliation of Unrecognized Tax Benefits

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


	2023		2022
Balance as of January 1	$	1,230,632	1,296,523
Additions based on tax positions related to the current year	4,139		1,439
Additions for tax positions of acquired companies	11,728		—
Additions for tax positions of prior years	21,744		4,678

Reductions resulting from the lapse of the statute of limitations	(422)		(3,419)

Settlements with taxing authorities	(873)		—
Effects of foreign currency translation	37,926		(68,589)
Balance as of December 31	$	1,304,874	1,230,632

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Summary of Property, Plant and Equipment

Following is a summary of property, plant and equipment:


	December 31, 2023		December 31, 2022
Land	$	519,224	466,820
Buildings and improvements	2,105,114		1,851,390
Machinery and equipment	6,788,032		6,310,442
Furniture and fixtures	166,778		162,864
Leasehold improvements	110,134		107,079
Construction in progress	703,015		749,184
	10,392,297		9,647,779
Less: accumulated depreciation	5,399,131		4,986,601
Net property, plant and equipment	$	4,993,166	4,661,178

Revenue from Contracts with Customers - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract liability	$ 67,956,000	$ 72,572,000
Revenue recognized related to contract liabilities	0	0	$ 0
Capitalized contract cost	66,669,000	59,015,000
Amortization of capitalized contract costs	$ 61,327,000	$ 55,520,000	$ 61,681,000

Segment Reporting

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Reporting

The Company has three reporting segments: Global Ceramic, Flooring NA and Flooring ROW. Global Ceramic 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 and Latin America 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. Flooring NA 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. Flooring ROW designs, manufactures, sources, licenses and markets laminate, sheet vinyl, LVT, wood flooring, roofing elements, insulation boards, medium-density fiberboard (“MDF”), chipboards and other wood products, which it distributes primarily in Europe and Australasia 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, 2023, 2022 or 2021.

Segment information is as follows:


	2023		2022	2021
Assets:
Global Ceramic	$	4,988,347	4,841,310	5,160,776
Flooring NA	3,909,943		4,299,360	4,125,960
Flooring ROW	4,051,647		4,275,519	4,361,741
Corporate and intersegment eliminations	609,932		704,243	576,040
Total	$	13,559,869	14,120,432	14,224,517

Geographic net sales:
United States	$	6,040,058	6,490,079	6,181,628
Europe (2)	3,380,980		3,701,648	3,567,902
Latin America	767,773		512,249	434,512
Other	946,304		1,033,089	1,016,571
Total	$	11,135,115	11,737,065	11,200,613

Long-lived assets: (1)
United States	$	2,312,850	2,317,409	2,309,575
Belgium	980,855		961,086	976,311
Other	2,127,993		1,770,499	1,740,946
Total	$	5,421,698	5,048,994	5,026,832

Net sales by product categories:
Ceramic & Stone	$	4,293,084	4,320,423	3,938,654
Carpet & Resilient	3,955,360		4,235,815	4,294,042
Laminate & Wood	1,732,614		1,964,486	1,852,766
Other (3)	1,154,057		1,216,341	1,115,151
Total	$	11,135,115	11,737,065	11,200,613

Net sales:
Global Ceramic	$	4,300,107	4,307,681	3,917,319
Flooring NA	3,829,386		4,207,041	4,116,405
Flooring ROW	3,005,622		3,222,343	3,166,889

Total	$	11,135,115	11,737,065	11,200,613

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

(2) Russia revenue included in Europe.

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


	2023		2022	2021
Operating income (loss):
Global Ceramic	$	(166,448)	(236,066)	403,135
Flooring NA	(57,182)		231,076	407,577
Flooring ROW	69,727		340,167	571,126
Corporate and intersegment eliminations	(133,905)		(90,960)	(46,827)
Total	$	(287,808)	244,217	1,335,011

Depreciation and amortization:
Global Ceramic	$	213,113	198,866	210,634
Flooring NA	221,064		231,279	211,872
Flooring ROW	187,464		156,041	156,700
Corporate	8,686		9,278	12,505
Total	$	630,327	595,464	591,711

Capital expenditures (excluding acquisitions):
Global Ceramic	$	249,033	154,266	167,224
Flooring NA	193,948		231,068	327,691
Flooring ROW	156,767		178,313	164,318
Corporate	13,181		17,095	16,887
Total	$	612,929	580,742	676,120

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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Schedule of Computations of Basic and Diluted Earnings Per Share

Stock-Based Compensation - Schedule of 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, 2023	Dec. 31, 2022	Dec. 31, 2021
Shares
RSUs outstanding, beginning balance (in shares)	454	439	375
Granted (in shares)	271	192	194
Released (in shares)	(193)	(134)	(105)
Forfeited (in shares)	(45)	(43)	(25)
RSUs outstanding, ending balance (in shares)	487	454	439
Expected to vest at end of year (in shares)	487	437	418

Acquisitions - Narrative (Details) $ in Thousands			3 Months Ended	6 Months Ended	12 Months Ended
Acquisitions - Narrative (Details) $ in Thousands	Nov. 02, 2021 USD ($)	Sep. 07, 2021 USD ($)	Apr. 01, 2023 USD ($) acquisition	Dec. 31, 2022 USD ($) acquisition	Dec. 31, 2022 USD ($) acquisition	Dec. 31, 2021 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill				$ 1,927,759	$ 1,927,759	$ 2,607,909	$ 1,159,724
2023 Acquisitions
Business Acquisition [Line Items]
Net consideration transferred (net of cash acquired)			$ 515,509
Global Ceramic \| 2023 Acquisitions
Business Acquisition [Line Items]
Number of businesses acquired \| acquisition			2
Net consideration transferred (net of cash acquired)			$ 515,509
Elizabeth Revestlmentos Segment \| 2023 Acquisitions
Business Acquisition [Line Items]
Goodwill			$ 87,520
Flooring North America Segment \| 2022 Acquisitions
Business Acquisition [Line Items]
Number of businesses acquired \| acquisition					2
Goodwill				55,954	$ 55,954
Purchase agreement price					164,475
Intangible assets subject to amortization				$ 19,900	19,900
Flooring ROW
Business Acquisition [Line Items]
Goodwill						52,536
Purchase agreement price						121,027
Intangible assets subject to amortization						19,910
Flooring ROW \| 2022 Acquisitions
Business Acquisition [Line Items]
Number of businesses acquired \| acquisition				3
Goodwill				$ 14,759	14,759
Purchase agreement price					47,964
Intangible assets subject to amortization				$ 3,376	$ 3,376
Flooring ROW \| Insulation Manufacturer
Business Acquisition [Line Items]
Purchase agreement price		$ 66,334
Flooring ROW \| MDF Production Plant
Business Acquisition [Line Items]
Purchase agreement price	$ 44,357
Flooring ROW \| Other 2021 Acquisitions
Business Acquisition [Line Items]
Goodwill						1,672
Intangible assets subject to amortization						$ 5,596

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	May 19, 2017	May 09, 2012
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Recognized stock-based compensation costs	$ 20,960	$ 22,409	$ 25,651
Recognized stock-based compensation costs, net of tax	15,510	$ 16,582	$ 18,982
Pre-tax unrecognized compensation expense	$ 18,851
Recognized expense over a weighted-average period, years	1 year 6 months 25 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
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 \| Maximum \| Stock Options Plans
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
2017 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
2017 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
Non-employee director
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Options granted (in shares)	3,000	2,000	3,000

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Computations of basic and diluted earnings (loss) per share are presented for the years ended December 31, 2023, 2022 and 2021, respectively, in the following table:


	2023		2022	2021


Net earnings (loss) available to common stockholders	$	(439,516)	25,247	1,033,159

Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63,657		63,826	68,852
Add weighted-average dilutive potential common shares—RSUs, net (1)	—		236	293
Weighted-average common shares outstanding—diluted	63,657		64,062	69,145

Earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic	$	(6.90)	0.40	15.01
Diluted	$	(6.90)	0.39	14.94

(1) Due to the anti-dilutive effect, 235 shares of common stock equivalents for the year ended December 31, 2023 were omitted from the calculation of diluted weighted-average common shares outstanding. 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 2022 and 2021.

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended December 31, 2023, 2022 and 2021 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, 2020	$	(680,255)	(14,890)	(695,145)
Current period other comprehensive income (loss)	(278,944)		7,137	(271,807)

Balance as of December 31, 2021	(959,199)		(7,753)	(966,952)
Current period other comprehensive income (loss)	(155,430)		8,124	(147,306)

Balance as of December 31, 2022	(1,114,629)		371	(1,114,258)
Current period other comprehensive income (loss)	35,332		(1,037)	34,295

Balance as of December 31, 2023	$	(1,079,297)	(666)	(1,079,963)

Goodwill and Other Intangible Assets - Schedule of Expected Amortization Expense (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 28,366
2025	28,154
2026	27,933
2027	20,742
2028	$ 12,948

Income Taxes - Schedule of Reconciliation of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income taxes at statutory rate	$ (74,447)	$ 38,618	$ 270,898
State and local income taxes, net of federal income tax benefit	5,655	4,858	25,658
Foreign income taxes	(58,984)	(50,483)	(34,981)
Change in valuation allowance	302,825	44,814	5,947
Impairment of non-deductible goodwill	183,059	132,497	0
Carryback rate differential	0	0	(15,743)
Fixed asset adjustments	(6,562)	(7,289)	(7,113)
Non-deductible expenses	9,350	11,250	8,128
General business credits and incentives	(316,329)	(21,833)	(3,958)
Global intangible low-taxed income	215	7,200	34,400
Italy step-up adjustment	0	0	(22,163)
Prior period adjustments	(5,638)	4,510	1,133
Tax impact of restructuring	25,428	0	0
Tax contingencies and audit settlements, net	26,331	(96)	12,505
Other, net	(6,041)	(5,936)	(18,266)
Total income tax expense	$ 84,862	$ 158,110	$ 256,445

Income Taxes - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current income taxes:
U.S. federal	$ 67,054	$ 91,948	$ 93,085
State and local	11,851	11,230	24,904
Foreign	115,903	106,032	143,385
Total current	194,808	209,210	261,374
Deferred income taxes:
U.S. federal	(50,089)	(27,756)	(2,655)
State and local	(5,251)	9,586	13,306
Foreign	(54,606)	(32,930)	(15,580)
Total deferred	(109,946)	(51,100)	(4,929)
Total income tax expense	$ 84,862	$ 158,110	$ 256,445

Commitments and Contingencies (Details) - Standby letters of credit related to various insurance contracts and foreign vendor commitments - Senior Secured Credit Facility - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commitments And Contingencies [Line Items]
Standby letters of credit for various insurance contracts and commitments to foreign vendors	$ 746	$ 19,614
Maximum
Commitments And Contingencies [Line Items]
Expiration period for standby letters of credit	2 years

Fair Value (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value Measurements

The following table presents the items measured at fair value as of December 31, 2023 and December 31, 2022:


	December 31, 2023		December 31, 2022


Short-term investments:

Commercial paper (Level 2)	$	—	158,000

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

Subsequent Event	12 Months Ended
Subsequent Event	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On January 31, 2024, the Company prepaid the entirety of the USD portion of the Term Loan Facility, in the amount of $675,000. On February 16, 2024, the Company prepaid the entirety of the EUR portion of the Term Loan Facility, in the amount of €220,000.

Other Income and Expense, net

12 Months Ended

Dec. 31, 2023

Other Nonoperating Income (Expense) [Abstract]

Other Income and Expense, net

Following is a summary of other (income) expense, net:


	2023		2022	2021
Foreign currency (gains) losses, net	$	15,671	15,429	6,298
Release of indemnification asset	—		7,324	—



Resolution of foreign non-income tax contingencies	—		—	(6,211)
All other, net	(26,484)		(14,367)	(12,321)
Total other (income) expense, net	$	(10,813)	8,386	(12,234)

Other Income and Expense, net - Summary of Other Expense (Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Nonoperating Income (Expense) [Abstract]
Foreign currency (gains) losses, net	$ 15,671	$ 15,429	$ 6,298
Release of indemnification asset	0	7,324	0
Resolution of foreign non-income tax contingencies	0	0	(6,211)
All other, net	(26,484)	(14,367)	(12,321)
Total other (income) expense, net	$ (10,813)	$ 8,386	$ (12,234)

Income Taxes - Schedule of Earnings (Loss) From Continuing Operations Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States	$ (440,556)	$ (233,208)	$ 380,632
Foreign	86,047	417,101	909,361
Earnings (loss) before income taxes	$ (354,509)	$ 183,893	$ 1,289,993

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.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479557/942-235-S99-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 25
-Paragraph 1
-SubTopic 20
-Topic 940
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481913/940-20-25-1

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Accounts Payable and Accrued Expenses

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company had approximately $746 and $19,614 in standby letters of credit for various insurance contracts and commitments to foreign vendors as of December 31, 2023 and 2022, respectively that expire within two years. From time to time in the regular course of its business, the Company is involved in various lawsuits, claims, investigations and other legal matters. Except as noted below, 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 December 2019, Jarrod Johnson filed a putative class action against certain manufacturers, suppliers, and users of chemicals containing certain perfluorinated compounds (PFCs) 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 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, as well as injunctive relief. The defendants removed the class action to federal court. The Company has filed a motion for summary judgment and that motion is pending before the court. In April 2023, Shelby County, Alabama and Talladega County, Alabama filed a complaint in the Circuit Court of Talladega County, Alabama against certain manufacturers, suppliers, and users of chemicals containing certain PFCs, seeking monetary damages and injunctive relief, claiming that their water supplies contain excessive amounts of PFCs. The defendants removed the case to federal court. The Company believes the allegations are without merit and continues to vigorously defend against claims relating to its prior use of certain PFCs in the carpet manufacturing process. Securities Actions 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 alleged that defendants violated Sections 11 and 12 of the Securities Act of 1933 and was 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. The parties reached an agreement in principle to settle the lawsuit in exchange for the dismissal and a release of all claims against the defendants. The settlement agreement, which is subject to court approval, is without admission of fault or wrongdoing by defendants. The court will hold a final settlement hearing on March 21, 2024. The Company believes the allegations in the lawsuit are without merit. 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. 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 October 5, 2021, the investor actions were transferred by the State Court of Fulton County to the Metro Atlanta Business Case Division. On October 4, 2023, plaintiffs filed amended complaints in the remaining four investor actions. The Company believes the claims are without merit and intends to vigorously defend against the claims in these actions. The Company and certain of its present and former executive officers were named as defendants in three additional non-class action lawsuits filed in the United States District Court for the Northern District of Georgia on June 22, 2021 (the “Maverick Action”), March 25, 2022 (the “Hound Action”), and April 26, 2022 (the “Fir Tree Action,” and collectively, “Federal Investor Actions”), respectively. Each complaint is brought on behalf of one or more purported former Mohawk stockholders. The federal law claims included violations of Sections 10(b) and 18 of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, and that the officers are control persons under Section 20(a) of the Securities Exchange Act of 1934. The state law claims included fraud, negligent misrepresentation, violations of the Georgia Securities Act, and violations of the Georgia Racketeering and Corrupt Organizations statute. The parties reached settlement agreements and filed stipulations of voluntary dismissal with prejudice in all three Federal Investor Actions. The Court granted dismissal and terminated the Maverick Action, the Hound Action and the Fir Tree Action on October 18, 2023, December 20, 2023 and December 28, 2023, respectively. The Company continues to believe the allegations in the Federal Investor Actions were without merit. 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”), in the Superior Court of Gordon County of the State of Georgia on March 3, 2021 and July 12, 2021 (the “Georgia Derivative Actions”), and in the Delaware Court of Chancery on March 10, 2022 (the “Delaware Derivative Action”). The complaints allege that defendants breached their fiduciary duties to the Company by causing the Company to issue materially false and misleading statements. On December 20, 2023, plaintiffs in the NDGA Derivative Actions filed an amended complaint. The Company believes the claims are without merit and 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 acknowledges that it could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year.

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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)	71,024,000	70,875,000
Common stock, shares, outstanding (in shares)	71,024,000	70,875,000
Treasury stock, common shares (in shares)	7,338,000	7,341,000

Long-Term Debt - Term Loan (Details) - Secured debt			12 Months Ended
Long-Term Debt - Term Loan (Details) - Secured debt	Feb. 16, 2024 EUR (€)	Aug. 12, 2022 USD ($)	Dec. 31, 2023	Dec. 31, 2022 USD ($)	Jan. 31, 2024 USD ($)	Oct. 03, 2022 USD ($)	Aug. 12, 2022 EUR (€)
Term Loan One
Debt Instrument [Line Items]
Securitization agreement, maximum borrowing capacity		$ 575,000,000
Payments of financing costs				$ 664,000
Term Loan Two
Debt Instrument [Line Items]
Securitization agreement, maximum borrowing capacity \| €							€ 220,000,000
Term Loan
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity						$ 100,000,000
Consolidated interest coverage ratio		3.5					3.5
Term Loan \| Subsequent event
Debt Instrument [Line Items]
Securitization agreement, maximum borrowing capacity					$ 675,000,000
Remaining principal outstanding \| €	€ 220,000,000
Term Loan \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		0.10%
Term Loan \| Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		0.50%
Term Loan \| Monthly Sofr
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		1.00%
Term Loan \| Minimum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		0.825%	0.90%
Term Loan \| Minimum \| Base Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		0.00%	0.00%
Term Loan \| Minimum \| Euro Interbank Offered Rate (EURIBOR)
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		0.825%
Term Loan \| Maximum \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		1.50%
Term Loan \| Maximum \| Base Rate
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		0.50%
Term Loan \| Maximum \| Euro Interbank Offered Rate (EURIBOR)
Debt Instrument [Line Items]
Basis spread on debt instrument (as a percent)		1.50%

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 11,135,115	$ 11,737,065	$ 11,200,613
Cost of sales	8,425,463	8,793,639	7,931,879
Gross profit	2,709,652	2,943,426	3,268,734
Selling, general and administrative expenses	2,119,716	2,003,438	1,933,723
Impairment of goodwill and indefinite-lived intangibles	877,744	695,771	0
Operating income (loss)	(287,808)	244,217	1,335,011
Interest expense	77,514	51,938	57,252
Other (income) expense, net	(10,813)	8,386	(12,234)
Earnings (loss) before income taxes	(354,509)	183,893	1,289,993
Income tax expense	84,862	158,110	256,445
Net earnings (loss) including noncontrolling interests	(439,371)	25,783	1,033,548
Less: net earnings attributable to noncontrolling interests	145	536	389
Net earnings (loss) attributable to Mohawk Industries, Inc.	$ (439,516)	$ 25,247	$ 1,033,159
Basic earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic earnings per share attributable to Mohawk Industries, Inc. (usd per share)	$ (6.90)	$ 0.40	$ 15.01
Weighted-average common shares outstanding—basic (in shares)	63,657	63,826	68,852
Diluted earnings (loss) per share attributable to Mohawk Industries, Inc.
Diluted earnings per share attributable to Mohawk Industries, Inc. (usd per share)	$ (6.90)	$ 0.39	$ 14.94
Weighted-average common shares outstanding—diluted (in shares)	63,657	64,062	69,145

Accounts Payable and Accrued Expenses

12 Months Ended

Dec. 31, 2023

Payables and Accruals [Abstract]

Accounts payable and accrued expenses are as follows:


	December 31, 2023		December 31, 2022
Outstanding checks in excess of cash	$	2,223	2,791
Accounts payable, trade	1,038,024		1,094,038
Accrued expenses	667,761		742,099
Product warranties	37,574		38,425
Accrued interest	20,052		8,748


Accrued compensation and benefits	269,705		238,347
Total accounts payable and accrued expenses	$	2,035,339	2,124,448

Segment Reporting - Summary of Segment Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reporting segments (in segments) \| segment	3
Assets	$ 13,559,869	$ 14,120,432	$ 14,224,517
Net sales	11,135,115	11,737,065	11,200,613
Long-lived assets	5,421,698	5,048,994	5,026,832
Operating income (loss)	(287,808)	244,217	1,335,011
Depreciation and amortization	630,327	595,464	591,711
Capital expenditures (excluding acquisitions)	612,929	580,742	676,120
Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	4,293,084	4,320,423	3,938,654
Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	3,955,360	4,235,815	4,294,042
Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	1,732,614	1,964,486	1,852,766
Other
Segment Reporting Information [Line Items]
Net sales	1,154,057	1,216,341	1,115,151
United States
Segment Reporting Information [Line Items]
Net sales	6,040,058	6,490,079	6,181,628
Long-lived assets	2,312,850	2,317,409	2,309,575
Europe
Segment Reporting Information [Line Items]
Net sales	3,380,980	3,701,648	3,567,902
Latin America
Segment Reporting Information [Line Items]
Net sales	767,773	512,249	434,512
Belgium
Segment Reporting Information [Line Items]
Long-lived assets	980,855	961,086	976,311
Other
Segment Reporting Information [Line Items]
Net sales	946,304	1,033,089	1,016,571
Long-lived assets	2,127,993	1,770,499	1,740,946
Operating segments \| Global Ceramic
Segment Reporting Information [Line Items]
Assets	4,988,347	4,841,310	5,160,776
Net sales	4,300,107	4,307,681	3,917,319
Operating income (loss)	(166,448)	(236,066)	403,135
Depreciation and amortization	213,113	198,866	210,634
Capital expenditures (excluding acquisitions)	249,033	154,266	167,224
Operating segments \| Global Ceramic \| Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	4,258,873	4,282,887	3,903,597
Operating segments \| Global Ceramic \| Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	41,234	24,794	13,722
Operating segments \| Global Ceramic \| Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic \| Other
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Global Ceramic \| Europe
Segment Reporting Information [Line Items]
Net sales	1,071,649	1,249,953	1,148,868
Operating segments \| Flooring NA
Segment Reporting Information [Line Items]
Assets	3,909,943	4,299,360	4,125,960
Net sales	3,829,386	4,207,041	4,116,405
Operating income (loss)	(57,182)	231,076	407,577
Depreciation and amortization	221,064	231,279	211,872
Capital expenditures (excluding acquisitions)	193,948	231,068	327,691
Operating segments \| Flooring NA \| Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	34,211	37,536	35,057
Operating segments \| Flooring NA \| Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	3,021,060	3,296,152	3,287,533
Operating segments \| Flooring NA \| Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	774,115	873,353	793,815
Operating segments \| Flooring NA \| Other
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Flooring NA \| Europe
Segment Reporting Information [Line Items]
Net sales	4,375	6,345	2,825
Operating segments \| Flooring ROW
Segment Reporting Information [Line Items]
Assets	4,051,647	4,275,519	4,361,741
Net sales	3,005,622	3,222,343	3,166,889
Operating income (loss)	69,727	340,167	571,126
Depreciation and amortization	187,464	156,041	156,700
Capital expenditures (excluding acquisitions)	156,767	178,313	164,318
Operating segments \| Flooring ROW \| Ceramic & Stone
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments \| Flooring ROW \| Carpet & Resilient
Segment Reporting Information [Line Items]
Net sales	893,066	914,869	992,787
Operating segments \| Flooring ROW \| Laminate & Wood
Segment Reporting Information [Line Items]
Net sales	958,499	1,091,133	1,058,951
Operating segments \| Flooring ROW \| Other
Segment Reporting Information [Line Items]
Net sales	1,154,057	1,216,341	1,115,151
Operating segments \| Flooring ROW \| Europe
Segment Reporting Information [Line Items]
Net sales	2,304,956	2,445,350	2,416,209
Corporate and intersegment eliminations
Segment Reporting Information [Line Items]
Assets	609,932	704,243	576,040
Operating income (loss)	(133,905)	(90,960)	(46,827)
Corporate
Segment Reporting Information [Line Items]
Depreciation and amortization	8,686	9,278	12,505
Capital expenditures (excluding acquisitions)	$ 13,181	$ 17,095	$ 16,887

Inventories

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Inventories

The components of inventories are as follows:


	December 31, 2023		December 31, 2022
Finished goods	$	1,796,951	1,986,005
Work in process	164,197		160,757
Raw materials	590,705		647,003
Total inventories	$	2,551,853	2,793,765

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Atlanta, Georgia
Auditor Firm ID	185

Long-Term Debt - Aggregate Maturities of Long-Term Debt (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 1,001,926
2025	16,151
2026	13,958
2027	562,689
2028	607,575
Thereafter	512,219
Total maturities	$ 2,714,518

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

Restructuring and Related Activities [Abstract]

Acquisitions - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Apr. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 1,159,724		$ 1,927,759	$ 2,607,909
2023 Acquisitions
Business Acquisition [Line Items]
Working capital		$ 95,336
Property, plant and equipment		333,495
Long-term debt, including current portion		(26,072)
Deferred tax, net		(10,088)
Consideration transferred		522,770
Less: cash acquired		(7,261)
Net consideration transferred (net of cash acquired)		515,509
2023 Acquisitions \| Tradenames
Business Acquisition [Line Items]
Intangible assets		38,539
2023 Acquisitions \| Customer relationships
Business Acquisition [Line Items]
Intangible assets		$ 4,040

Receivables, net - Schedule of Net Components of Receivables (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Customers, trade	$ 1,716,309	$ 1,699,130
Income tax receivable	48,399	60,080
Other	176,808	219,355
Receivables, gross	1,941,516	1,978,565
Less: allowance for discounts, returns, claims and doubtful accounts	66,860	73,779
Receivables, net	$ 1,874,656	$ 1,904,786

Leases - Schedule of Lease Term and Discount Rate (Details)	Dec. 31, 2023	Dec. 31, 2022
Weighted Average Remaining Lease Term:
Operating Leases	4 years 8 months 12 days	4 years 6 months
Finance Leases	5 years 6 months	6 years 2 months 12 days
Weighted Average Discount Rate:
Operating Leases	4.80%	3.80%
Finance Leases	3.10%	1.50%

Summary of Significant Accounting Policies - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 642,550	$ 509,623
Advertising and promotion expenses	135,175	126,898	$ 139,538
Co-op advertising expenses	$ 11,592	15,231	22,092
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	$ 61,486	63,648	61,082
Employer contributions to employee benefit plan	23,892	24,483	$ 23,884
Projected benefit obligation	79,967	55,236
Projected plan assets	73,718	50,702
Funded status of plan	6,249	4,534
Accumulated other comprehensive income (loss)
Significant Accounting Policies [Line Items]
Funded status of plan	201	82
Other noncurrent liabilities
Significant Accounting Policies [Line Items]
Funded status of plan	$ 6,048	4,452
Minimum
Significant Accounting Policies [Line Items]
Finite intangible assets useful life (years)	5 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	$ 89,450	$ 210,368

Restructuring, Acquisition and Integration-Related Costs

12 Months Ended

Dec. 31, 2023

Restructuring, Acquisition 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 and integration-related costs consisted of the following during the year ended December 31, 2023, 2022 and 2021, respectively (in thousands):


	2023		2022	2021
Cost of sales:
Restructuring costs	$	103,422	67,621	17,899

Acquisition integration-related costs	974		396	497
Restructuring and acquisition integration-related costs	$	104,396	68,017	18,396

Selling, general and administrative expenses:
Restructuring costs	$	12,385	9,094	1,301
Acquisition transaction-related costs	2,117		1,654	2,372
Acquisition integration-related costs	12,712		2,992	1,568
Restructuring, acquisition transaction and integration-related costs	$	27,214	13,740	5,241

The restructuring activity for the years ended December 31, 2023 and 2022, respectively is as follows (in thousands):


	Lease Impairments		Asset Write- Downs (Gains on Disposals)	Severance	Other Restructuring Costs	Total








Balance as of December 31, 2021	$	—	—	1,634	995	2,629
Restructuring costs:
Global Ceramic	—		—	3,365	—	3,365
Flooring NA	—		29,327	741	14,406	44,474
Flooring ROW	—		9,371	12,677	6,828	28,876
Corporate	—		—	—	—	—
Total restructuring costs for 2022	—		38,698	16,783	21,234	76,715
Cash payments	—		—	(8,557)	(21,241)	(29,798)
Non-cash items	—		(38,698)	177	(988)	(39,509)
Balance as of December 31, 2022	—		—	10,037	—	10,037
Restructuring costs:
Global Ceramic	480		16,106	7,826	717	25,129
Flooring NA	—		28,180	768	22,073	51,021
Flooring ROW	—		31,453	4,272	3,770	39,495
Corporate	—		—	162	—	162
Total restructuring costs for 2023	480		75,739	13,028	26,560	115,807
Cash payments	—		—	(10,155)	(18,641)	(28,796)
Non-cash items	(480)		(75,739)	(816)	(7,919)	(84,954)
Balance as of December 31, 2023	$	—	—	12,094	—	12,094






2022 restructuring costs recorded in:
Cost of sales	$	—	38,698	7,915	21,008	67,621
Selling, general and administrative expenses	—		—	8,868	226	9,094
Total restructuring costs for 2022	$	—	38,698	16,783	21,234	76,715

2023 restructuring costs recorded in:
Cost of sales	$	—	75,593	5,778	22,051	103,422
Selling, general and administrative expenses	480		146	7,250	4,509	12,385
Total restructuring costs for 2023	$	480	75,739	13,028	26,560	115,807

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

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

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

The Company considers investments with an original maturity of three months or less when purchased to be cash equivalents. As of December 31, 2023, the Company had cash and cash equivalents of $642,550, of which $89,450 was held outside the United States. As of December 31, 2022, the Company had cash and cash equivalents of $509,623, of which $210,368 was held outside the United States.

Short-term Investments

The Company invests in high quality credit instruments. At December 31, 2022, short-term investments consisted solely of investments in the Company’s commercial paper by its wholly-owned captive insurance company.

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

The Company recognizes revenue 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 a change in 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

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, 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 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, 3-7 years for furniture and fixtures and the shorter of the estimated useful life or lease term for leasehold improvements.

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.

Goodwill and Other Intangible Assets

In accordance with the provisions of the FASB ASC Topic 350, Intangibles-Goodwill and Other, the Company tests goodwill and other intangible assets with indefinite lives, which for the Company are tradenames, 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’s annual impairment tests of goodwill and tradenames may be completed through qualitative assessments. The Company may elect to bypass the qualitative assessment and proceed directly to a quantitative impairment test, for any reporting unit or tradename, in any period. The Company can resume the qualitative assessment for any reporting unit or tradename in any subsequent period.

The Company has identified Global Ceramic, Flooring North America (“Flooring NA”) and Flooring Rest of the World (“Flooring ROW”) as its reporting units for the purposes of allocating goodwill as well as assessing impairments. The Company considers the relationship between its market capitalization and its book value, among other factors, when reviewing for indicators of impairment.

Under a qualitative approach, the Company’s impairment review for goodwill consists of an assessment of whether it is more-likely-than-not that a reporting unit’s fair value is less than its carrying amount. If the Company elects to bypass the qualitative assessment for any reporting units, or if a qualitative assessment indicates it is more-likely-than-not that the estimated carrying value of a reporting unit exceeds its fair value, the Company performs a quantitative goodwill impairment test that requires it to estimate the fair value of the reporting unit.

The quantitative goodwill impairment tests are based on determining the fair value of the specified reporting units based on management judgments and assumptions using the discounted cash flows under the income approach classified in Level 3 of the fair value hierarchy and comparable company market valuation classified in Level 2 of the fair value hierarchy approaches. If the carrying value of a reporting unit exceeds its fair value, the Company will measure any goodwill impairment loss as the amount by which the carrying amount of a reporting unit exceeds its fair value, not to exceed the total amount of goodwill allocated to that reporting unit. 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 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.

Under a qualitative approach, the Company’s impairment review for tradenames consists of an assessment of whether it is more-likely-than-not that a tradename’s fair value is less than its carrying value. If the Company elects to bypass the qualitative assessment for any tradename, or if a qualitative assessment indicates it is more-likely-than-not that the estimated carrying value of a tradename exceeds its fair value, the Company performs a quantitative tradename impairment test of the tradename.

The quantitative impairment evaluation for tradenames involves a comparison of the estimated fair value of the tradename to its carrying amount. If the carrying value of the tradename exceeds its fair value, an impairment loss is recognized in an amount equal to that excess. The determination of fair value used in the impairment evaluation is based on discounted estimates of future sales projections attributable to ownership of the tradenames. 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 tradenames. Estimated cash flows are sensitive to changes in the economy among other things.

Intangible assets with finite lives are amortized based on average lives, which range from 5-20 years.

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. Variable rent expenses consist primarily of maintenance, property taxes and charges based on usage.

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 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 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

The Company’s financial instruments consist primarily of short-term investments, receivables, accounts payable, accrued expenses, short-term debt 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 variable-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 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 $135,175 in 2023, $126,898 in 2022 and $139,538 in 2021.

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 $11,592 in 2023, $15,231 in 2022 and $22,092 in 2021.

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.

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.

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.

Earnings (Loss) per Share (“EPS”)

Basic earnings (loss) per share is calculated using net earnings (loss) 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 unvested restricted shares (units) are included in the diluted EPS calculation using the treasury stock method.

Computations of basic and diluted earnings (loss) per share are presented for the years ended December 31, 2023, 2022 and 2021, respectively, in the following table:


	2023		2022	2021


Net earnings (loss) available to common stockholders	$	(439,516)	25,247	1,033,159

Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63,657		63,826	68,852
Add weighted-average dilutive potential common shares—RSUs, net (1)	—		236	293
Weighted-average common shares outstanding—diluted	63,657		64,062	69,145

Earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic	$	(6.90)	0.40	15.01
Diluted	$	(6.90)	0.39	14.94

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.

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 $61,486 and $23,892 in 2023, $63,648 and $24,483 in 2022 and $61,082 and $23,884 in 2021, respectively.

The Company also has various pension plans covering employees in Belgium, France, and the Netherlands (the “Non-U.S. Plans”) within Flooring ROW. 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, 2023 were $79,967 and $73,718, respectively. The Company’s projected benefit obligation and plan assets as of December 31, 2022 were $55,236 and $50,702, respectively. As of December 31, 2023, the funded status of the Non-U.S. Plans was a liability of $6,249 of which $201 was recorded in accumulated other comprehensive income (loss), for a net liability of $6,048 recorded in other long-term liabilities within the consolidated balance sheets. As of December 31, 2022, the funded status of the Non-U.S. Plans was a liability of $4,534 of which $82 was recorded in accumulated other comprehensive income (loss), for a net liability of $4,452 recorded in other long-term liabilities within the consolidated balance sheets.

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 and 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 the years ended December 31, 2023, 2022 and 2021 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, 2020	$	(680,255)	(14,890)	(695,145)
Current period other comprehensive income (loss)	(278,944)		7,137	(271,807)

Balance as of December 31, 2021	(959,199)		(7,753)	(966,952)
Current period other comprehensive income (loss)	(155,430)		8,124	(147,306)

Balance as of December 31, 2022	(1,114,629)		371	(1,114,258)
Current period other comprehensive income (loss)	35,332		(1,037)	34,295

Balance as of December 31, 2023	$	(1,079,297)	(666)	(1,079,963)

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 primarily 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

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.

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.

Recent Accounting Pronouncements—Effective in Future Years

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands segment disclosures for public entities, including requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the CODM and an explanation of how the CODM uses reported measures of segment profit or loss in assessing segment performance and allocating resources. The new guidance also expands disclosures about a reportable segment’s profit or loss and assets in interim periods and clarifies that a public entity may report additional measures of segment profit if the CODM uses more than one measure of a segment’s profit or loss. The new guidance does not remove existing segment disclosure requirements or change how a public entity identifies its operating segments, aggregates those operating segments, or determines its reportable segments. The guidance effective for fiscal years beginning after December 15, 2023, and subsequent interim periods with early adoption permitted, and requires retrospective application to all prior periods presented in the financial statements. The Company is currently evaluating the impact this new guidance will have on its disclosures upon adoption.

On December 14, 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, applies to all entities subject to income taxes. The standard requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The standard is intended to benefit investors by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. For public business entities, this standard will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. Currently, the Company is assessing the impact of the new guidance. The Company does not expect the adoption of the guidance to have a significant impact on its financial statements.

Leases - Narrative (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
Amount of leases not yet commenced	$ 8,330

Stock-Based Compensation

12 Months Ended

Dec. 31, 2023

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, 2023, 2022 and 2021 based on the grant date fair market 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.

On May 19, 2017, the Company’s stockholders approved the 2017 Long-Term Incentive Plan (the “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 stock options, restricted stock, restricted stock units (“RSUs”) and other types of awards, to directors and key employees through the 2027 stockholders’ meeting, unless earlier terminated or amended. On May 9, 2012, the Company’s stockholders approved the 2012 Incentive Plan (the “2012 Plan”). Under the 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, RSUs and other types of awards, to directors and key employees through the 2022 stockholders’ meeting, unless earlier terminated or amended. Following the approval of the 2017 Plan by the Company’s stockholders, no additional awards may be granted under the 2012 Plan after May 19, 2017.

Under the 2017 Plan (and previously, the 2012 Plan), the grant date fair market value of restricted stock and RSUs is equal to the closing market price of the Company’s common stock on the date of the grant, and such awards generally vest between three and five years. In addition, option awards may be granted with an exercise price equal to or greater than the fair market value of the Company’s common stock on the date of the grant, and such awards generally vest between three and five years with a 10-year contractual term.

Restricted Stock Plans

A summary of the Company’s RSUs under the Company’s long-term incentive plans as of December 31, 2023, 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
RSUs outstanding, December 31, 2022	454	$	126.79
Granted	271	101.42
Released	(193)	132.32
Forfeited	(45)	133.83
RSUs outstanding, December 31, 2023	487	$	109.83	0.9	$	50,438
Expected to vest as of December 31, 2023	487			0.9	$	50,438

The Company recognized stock-based compensation costs related to the issuance of RSUs of $20,960 ($15,510, net of taxes), $22,409 ($16,582, net of taxes) and $25,651 ($18,982, net of taxes) for the years ended December 31, 2023, 2022 and 2021, 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 $18,851 as of December 31, 2023, and will be recognized as expense over a weighted-average period of approximately 1.57 years.

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


	2023	2022	2021
RSUs outstanding, January 1	454	439	375
Granted	271	192	194
Released	(193)	(134)	(105)
Forfeited	(45)	(43)	(25)
RSUs outstanding, December 31	487	454	439
Expected to vest as of December 31	487	437	418

During 2023, 2022 and 2021, 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 3, respectively.

Consolidated Statements of Cash Flows Information (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Information [Abstract]

Schedule of Supplemental Disclosures of Cash Flow Information

Supplemental disclosures of cash flow information are as follows:


	2023		2022	2021
Net cash paid during the years for:
Interest	$	86,426	75,199	75,514
Income taxes	$	187,012	248,693	323,718

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	81,138	118,701	117,084

Fair value of assets acquired, net of liabilities assumed:
Fair value of net assets acquired in acquisition	$	677,057	243,934	176,924

Liabilities assumed in acquisition	(161,651)		(34,332)	(52,955)

Fair value of net assets acquired	$	515,406	209,602	123,969

Summary of Significant Accounting Policies - Schedule of Computations of Basic And Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Net earnings (loss) available to common stockholders	$ (439,516)	$ 25,247	$ 1,033,159
Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding-basic (in shares)	63,657,000	63,826,000	68,852,000
Add weighted-average dilutive potential common shares - RSUs, net (in shares)	0	236,000	293,000
Weighted-average common shares outstanding-diluted (in shares)	63,657,000	64,062,000	69,145,000
Earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic (in dollars per share)	$ (6.90)	$ 0.40	$ 15.01
Diluted (in dollars per share)	$ (6.90)	$ 0.39	$ 14.94
Incremental common shares anti dilutive effect (in shares)	235	0	0

Accounts Payable and Accrued Expenses - Schedule of Components of Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Outstanding checks in excess of cash	$ 2,223	$ 2,791
Accounts payable, trade	1,038,024	1,094,038
Accrued expenses	667,761	742,099
Product warranties	37,574	38,425
Accrued interest	20,052	8,748
Accrued compensation and benefits	269,705	238,347
Total accounts payable and accrued expenses	$ 2,035,339	$ 2,124,448

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Nonredeemable Noncontrolling Interests
Beginning balance at Dec. 31, 2020	$ 8,541,158	$ 776	$ 1,885,142	$ 7,559,191	$ (695,145)	$ (215,648)	$ 6,842
Beginning balance (in shares) at Dec. 31, 2020		77,624
Beginning balance, treasury stock (in shares) at Dec. 31, 2020						(7,346)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees' equity awards (in shares)		144				3
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	440	$ 1	338			$ 101
Stock-based compensation expense	25,651		25,651
Repurchases of common stock (in shares)		(4,816)
Repurchases of common stock	(900,334)	$ (48)		(900,286)
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), net of tax	7,137				7,137
Net earnings (loss)	1,033,159			1,033,159
Ending balance (in shares) at Dec. 31, 2021		72,952
Ending balance, treasury stock (in shares) at Dec. 31, 2021						(7,343)
Ending balance at Dec. 31, 2021	8,428,216	$ 729	1,911,131	7,692,064	(966,952)	$ (215,547)	6,791
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees' equity awards (in shares)		107				2
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	(3,266)	$ 1	(3,323)			$ 56
Stock-based compensation expense	22,409		22,409
Repurchases of common stock (in shares)		(2,184)
Repurchases of common stock	(307,572)	$ (21)		(307,551)
Net earnings attributable to noncontrolling interests	536						536
Currency translation adjustment on noncontrolling interests	5						5
Purchase of nonredeemable noncontrolling interest, net of taxes	(355)		572				(927)
Currency translation adjustment	(155,430)				(155,430)
Prior pension and post-retirement benefit service cost and actuarial gain (loss), net of tax	8,124				8,124
Net earnings (loss)	$ 25,247			25,247
Ending balance (in shares) at Dec. 31, 2022	70,875	70,875
Ending balance, treasury stock (in shares) at Dec. 31, 2022	(7,341)					(7,341)
Ending balance at Dec. 31, 2022	$ 8,017,914	$ 709	1,930,789	7,409,760	(1,114,258)	$ (215,491)	6,405
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees' equity awards (in shares)		149				3
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	(4,230)	$ 1	(4,325)			$ 94
Stock-based compensation expense	20,960		20,960
Net earnings attributable to noncontrolling interests	145						145
Currency translation adjustment on noncontrolling interests	(332)						(332)
Purchase of nonredeemable noncontrolling interest, net of taxes	(100)		53				(153)
Currency translation adjustment	35,332				35,332
Prior pension and post-retirement benefit service cost and actuarial gain (loss), net of tax	(1,037)				(1,037)
Net earnings (loss)	$ (439,516)			(439,516)
Ending balance (in shares) at Dec. 31, 2023	71,024	71,024
Ending balance, treasury stock (in shares) at Dec. 31, 2023	(7,338)					(7,338)
Ending balance at Dec. 31, 2023	$ 7,629,136	$ 710	$ 1,947,477	$ 6,970,244	$ (1,079,963)	$ (215,397)	$ 6,065

Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Summary of Disaggregated Revenue


December 31, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets:
United States	$	2,320,019	3,713,311	6,728	6,040,058
Europe (2)	1,071,649		4,375	2,304,956	3,380,980
Latin America	730,326		3,776	33,671	767,773
Other	178,113		107,924	660,267	946,304
Total	$	4,300,107	3,829,386	3,005,622	11,135,115

Product Categories:
Ceramic & Stone	$	4,258,873	34,211	—	4,293,084
Carpet & Resilient	41,234		3,021,060	893,066	3,955,360
Laminate & Wood	—		774,115	958,499	1,732,614
Other (1)	—		—	1,154,057	1,154,057
Total	$	4,300,107	3,829,386	3,005,622	11,135,115


December 31, 2022	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets:
United States	$	2,403,292	4,072,952	13,835	6,490,079
Europe (2)	1,249,953		6,345	2,445,350	3,701,648
Latin America	476,612		4,623	31,014	512,249
Other	177,824		123,121	732,144	1,033,089
Total	$	4,307,681	4,207,041	3,222,343	11,737,065

Product Categories:
Ceramic & Stone	$	4,282,887	37,536	—	4,320,423
Carpet & Resilient	24,794		3,296,152	914,869	4,235,815
Laminate & Wood	—		873,353	1,091,133	1,964,486
Other (1)	—		—	1,216,341	1,216,341
Total	$	4,307,681	4,207,041	3,222,343	11,737,065


December 31, 2021	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets:
United States	$	2,193,234	3,978,146	10,248	6,181,628
Europe (2)	1,148,868		2,825	2,416,209	3,567,902
Latin America	421,696		3,663	9,153	434,512
Other	153,521		131,771	731,279	1,016,571
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

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

(2) Russia revenue included in Europe.

Goodwill and Other Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	$ 949,932	$ 924,186	$ 943,299
Accumulated amortization	(780,295)	(734,566)	(738,224)
Net Value	169,637	189,620	205,075
Customer Relationships
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	691,498	673,586	680,177
Accumulated amortization	(531,003)	(493,361)	(483,748)
Net Value	160,495	180,225	196,429
Patents
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	249,680	242,089	256,336
Accumulated amortization	(247,150)	(239,010)	(252,414)
Net Value	2,530	3,079	3,922
Other
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	8,754	8,511	6,786
Accumulated amortization	(2,142)	(2,195)	(2,062)
Net Value	$ 6,612	$ 6,316	$ 4,724

Goodwill and Other Intangible Assets - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Sep. 30, 2023 USD ($) reportingUnit	Oct. 01, 2022 USD ($)	Dec. 31, 2023 USD ($) reportingUnit	Dec. 31, 2022 USD ($)
Goodwill [Line Items]
Number of reporting units \| reportingUnit			3
Impairment charges			$ 870,750	$ 688,514
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]			Impairment of goodwill and indefinite-lived intangibles
Tradenames
Goodwill [Line Items]
Intangible assets impaired			$ 6,994	7,257
Global Ceramic
Goodwill [Line Items]
Impairment charges			870,750	688,514
Non-cash goodwill impairment charge , net of tax			$ 859,725	$ 679,664
Flooring ROW
Goodwill [Line Items]
Number of reporting units \| reportingUnit	3
Flooring ROW \| Tradenames
Goodwill [Line Items]
Intangible assets impaired	$ (6,994)	$ (7,257)
Impairment of intangible assets net of tax	$ 5,181	5,939
Flooring NA
Goodwill [Line Items]
Number of reporting units \| reportingUnit	3
Flooring NA \| Tradenames
Goodwill [Line Items]
Intangible assets impaired	$ (6,994)	(7,257)
Impairment of intangible assets net of tax	$ 5,181	$ 5,939

Leases

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Leases

The Company has operating and finance leases for service centers, warehouses, showrooms, and machinery and equipment. 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.

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, 2023, 2022 and 2021, respectively, are as follows:


December 31, 2023	Cost of Goods Sold		Selling, General and Administrative Expenses	Total
Operating lease costs:
Fixed	$	29,968	109,704	139,672
Short-term	15,445		20,162	35,607
Variable	9,717		35,739	45,456
Sub-leases	(697)		(1,480)	(2,177)
Total operating lease costs	$	54,433	164,125	218,558

	Depreciation and Amortization		Interest	Total
Finance lease costs:
Amortization of leased assets	$	15,367	—	15,367
Interest on lease liabilities	—		1,962	1,962
Total finance lease costs	$	15,367	1,962	17,329
Total lease costs				$	235,887


December 31, 2022	Cost of Goods Sold		Selling, General and Administrative Expenses	Total
Operating lease costs:
Fixed	$	21,321	110,716	132,037
Short-term	17,005		19,154	36,159
Variable	7,689		35,985	43,674
Sub-leases	(691)		(1,652)	(2,343)
Total operating lease costs	$	45,324	164,203	209,527

	Depreciation and Amortization		Interest	Total
Finance lease costs:
Amortization of leased assets	$	11,108	—	11,108
Interest on lease liabilities	—		816	816
Total finance lease costs	$	11,108	816	11,924
Total lease costs				$	221,451


December 31, 2021	Cost of Goods Sold		Selling, General and Administrative Expenses	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)
Total operating lease costs	$	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
Total finance lease costs	$	9,193	772	9,965
Total lease costs				$	203,029

Supplemental balance sheet information related to leases is as follows:


	Classification	December 31, 2023		December 31, 2022
Assets
Operating Leases:
ROU operating lease assets	ROU operating lease assets	$	428,532	387,816
Finance Leases:
Property, plant and equipment, gross	Property, plant and equipment	117,350		82,653
Accumulated depreciation	Accumulated depreciation	(45,967)		(30,218)
Property, plant and equipment, net	Property, plant and equipment, net	71,383		52,435
Total lease assets		$	499,915	440,251

Liabilities
Operating Leases:
Other current	Current operating lease liabilities	$	108,860	105,266
Non-current	Non-current operating lease liabilities	337,506		296,136
Total operating liabilities		446,366		401,402
Finance Leases:
Short-term debt	Short-term debt and current portion of long-term debt	16,132		11,765
Long-term debt	Long-term debt, less current portion	55,060		40,285
Total finance liabilities		71,192		52,050
Total lease liabilities		$	517,558	453,452

Maturities of lease liabilities as of December 31, 2023 are as follows:


Year Ending December 31,	Finance Leases		Operating Leases	Total
2024	$	18,226	134,031	152,257
2025	16,936		117,783	134,719
2026	14,306		96,534	110,840
2027	10,768		67,254	78,022
2028	7,244		43,615	50,859
Thereafter	10,092		38,469	48,561
Total lease payments	77,572		497,686	575,258
Less: imputed interest	6,380		51,320	57,700
Present value, Total	$	71,192	446,366	517,558

The Company had approximately $8,330 of leases that commenced after December 31, 2023 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:


	December 31, 2023		December 31, 2022
Weighted Average Remaining Lease Term:
Operating Leases	4.7 years		4.5 years
Finance Leases	5.5 years		6.2 years

Weighted Average Discount Rate:
Operating Leases	4.8	%	3.8	%
Finance Leases	3.1	%	1.5	%

Supplemental cash flow information related to leases was as follows:


	Twelve Months Ended
	December 31, 2023		December 31, 2022	December 31, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	135,249	129,895	122,886
Operating cash flows from finance leases	1,962		816	772
Financing cash flows from finance leases	14,574		10,770	9,289
ROU assets obtained in exchange for lease obligations:
Operating leases	160,836		119,115	186,605
Finance leases	31,642		16,160	13,395
Amortization:
Amortization of ROU operating lease assets (1)	120,393		120,666	115,650

(1) Amortization of ROU 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, 2023, 2022 and 2021, respectively, are as follows:


December 31, 2023	Cost of Goods Sold		Selling, General and Administrative Expenses	Total
Operating lease costs:
Fixed	$	29,968	109,704	139,672
Short-term	15,445		20,162	35,607
Variable	9,717		35,739	45,456
Sub-leases	(697)		(1,480)	(2,177)
Total operating lease costs	$	54,433	164,125	218,558

	Depreciation and Amortization		Interest	Total
Finance lease costs:
Amortization of leased assets	$	15,367	—	15,367
Interest on lease liabilities	—		1,962	1,962
Total finance lease costs	$	15,367	1,962	17,329
Total lease costs				$	235,887


December 31, 2022	Cost of Goods Sold		Selling, General and Administrative Expenses	Total
Operating lease costs:
Fixed	$	21,321	110,716	132,037
Short-term	17,005		19,154	36,159
Variable	7,689		35,985	43,674
Sub-leases	(691)		(1,652)	(2,343)
Total operating lease costs	$	45,324	164,203	209,527

	Depreciation and Amortization		Interest	Total
Finance lease costs:
Amortization of leased assets	$	11,108	—	11,108
Interest on lease liabilities	—		816	816
Total finance lease costs	$	11,108	816	11,924
Total lease costs				$	221,451


December 31, 2021	Cost of Goods Sold		Selling, General and Administrative Expenses	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)
Total operating lease costs	$	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
Total finance lease costs	$	9,193	772	9,965
Total lease costs				$	203,029

Supplemental balance sheet information related to leases is as follows:


	Classification	December 31, 2023		December 31, 2022
Assets
Operating Leases:
ROU operating lease assets	ROU operating lease assets	$	428,532	387,816
Finance Leases:
Property, plant and equipment, gross	Property, plant and equipment	117,350		82,653
Accumulated depreciation	Accumulated depreciation	(45,967)		(30,218)
Property, plant and equipment, net	Property, plant and equipment, net	71,383		52,435
Total lease assets		$	499,915	440,251

Liabilities
Operating Leases:
Other current	Current operating lease liabilities	$	108,860	105,266
Non-current	Non-current operating lease liabilities	337,506		296,136
Total operating liabilities		446,366		401,402
Finance Leases:
Short-term debt	Short-term debt and current portion of long-term debt	16,132		11,765
Long-term debt	Long-term debt, less current portion	55,060		40,285
Total finance liabilities		71,192		52,050
Total lease liabilities		$	517,558	453,452

Maturities of lease liabilities as of December 31, 2023 are as follows:


Year Ending December 31,	Finance Leases		Operating Leases	Total
2024	$	18,226	134,031	152,257
2025	16,936		117,783	134,719
2026	14,306		96,534	110,840
2027	10,768		67,254	78,022
2028	7,244		43,615	50,859
Thereafter	10,092		38,469	48,561
Total lease payments	77,572		497,686	575,258
Less: imputed interest	6,380		51,320	57,700
Present value, Total	$	71,192	446,366	517,558

The Company had approximately $8,330 of leases that commenced after December 31, 2023 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:


	December 31, 2023		December 31, 2022
Weighted Average Remaining Lease Term:
Operating Leases	4.7 years		4.5 years
Finance Leases	5.5 years		6.2 years

Weighted Average Discount Rate:
Operating Leases	4.8	%	3.8	%
Finance Leases	3.1	%	1.5	%

Supplemental cash flow information related to leases was as follows:


	Twelve Months Ended
	December 31, 2023		December 31, 2022	December 31, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$	135,249	129,895	122,886
Operating cash flows from finance leases	1,962		816	772
Financing cash flows from finance leases	14,574		10,770	9,289
ROU assets obtained in exchange for lease obligations:
Operating leases	160,836		119,115	186,605
Finance leases	31,642		16,160	13,395
Amortization:
Amortization of ROU operating lease assets (1)	120,393		120,666	115,650

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

Inventories - Schedule of Net Components of Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Finished goods	$ 1,796,951	$ 1,986,005
Work in process	164,197	160,757
Raw materials	590,705	647,003
Total inventories	$ 2,551,853	$ 2,793,765

Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2023

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:


	December 31, 2023			December 31, 2022
	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	521,899	551,876	482,139	535,103
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	463,965		500,000	431,605	500,000
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually	622,890		600,000	—	—




U.S. commercial paper	—		—	785,998	785,998
European commercial paper	—		—	42,808	42,808

Senior credit facility, payable August 12, 2027	67,117		67,117	—	—

U.S. Term Loan Facility	675,000		675,000	675,000	675,000
European Term Loan Facility	242,826		242,826	235,445	235,445
Finance leases and other	77,699		77,699	52,050	52,050
Unamortized debt issuance costs	(11,018)		(11,018)	(7,270)	(7,270)
Total debt	2,660,378		2,703,500	2,697,775	2,819,134
Less: current portion of long term-debt and commercial paper	1,001,715		1,001,715	840,571	840,571
Long-term debt, less current portion	$	1,658,663	1,701,785	1,857,204	1,978,563

Schedule of Maturities of Long-Term Debt

The aggregate maturities of total debt as of December 31, 2023 are as follows:


	Amount (1)
2024	$	1,001,926
2025	16,151
2026	13,958
2027	562,689
2028	607,575
Thereafter	512,219
Total maturities	$	2,714,518

(1) Debt maturity table excludes deferred loan costs.

Goodwill and Other Intangible Assets - Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 28,339	$ 28,086	$ 29,280

Long-Term Debt - Commercial Paper (Details) - USD ($)	Jul. 31, 2015	Feb. 28, 2014	Dec. 31, 2023	Dec. 31, 2022	Oct. 18, 2019
United States \| Carrying Value
Line of Credit Facility [Line Items]
Commercial paper			$ 0	$ 785,998,000
United States \| Commercial Paper
Line of Credit Facility [Line Items]
Maturity period of debt		397 days
Maximum borrowing capacity under credit facility					$ 1,950,000,000
Europe \| Carrying Value
Line of Credit Facility [Line Items]
Commercial paper			$ 0	$ 42,808,000
Europe \| Commercial Paper
Line of Credit Facility [Line Items]
Maturity period of debt	183 days

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

The following tables summarize the components of goodwill and intangible assets:

Goodwill:


	Global Ceramic		Flooring NA	Flooring ROW	Total
Balances as of December 31, 2021 (1)	$	1,031,337	531,144	1,045,428	2,607,909
Goodwill adjustments related to acquisitions	—		—	(2,722)	(2,722)
Goodwill recognized	—		60,841	11,542	72,383
Impairment charges	(688,514)		—	—	(688,514)
Currency translation	(2,989)		—	(58,308)	(61,297)
Balances as of December 31, 2022	339,834		591,985	995,940	1,927,759
Goodwill adjustments related to acquisitions	—		(4,888)	3,217	(1,671)
Goodwill recognized	87,520		—	—	87,520
Impairment charges	(424,286)		(214,830)	(231,634)	(870,750)
Currency translation	(3,068)		—	19,934	16,866
Balances as of December 31, 2023	$	—	372,267	787,457	1,159,724

(1) Net of accumulated impairment losses of $1,327,425 ($531,930 in Global Ceramic, $343,054 in Flooring NA and $452,441 in Flooring ROW).

Schedule of Indefinite Life Assets Not Subject to Amortization


	Tradenames
Indefinite life assets not subject to amortization:
Balance as of December 31, 2021	$	694,905
Intangible assets acquired	335
Intangible assets impaired	(7,257)
Currency translation	(19,655)
Balance as of December 31, 2022	668,328
Intangible assets acquired	38,539
Intangible assets impaired	(6,994)
Currency translation	5,873
Balance as of December 31, 2023	$	705,746

Schedule of Intangible Assets Subject to Amortization


	Customer Relationships		Patents	Other	Total
Intangible assets subject to amortization:
Balances as of December 31, 2021
Gross carrying amount	$	680,177	256,336	6,786	943,299
Accumulated amortization	(483,748)		(252,414)	(2,062)	(738,224)
Net intangible assets subject to amortization	196,429		3,922	4,724	205,075
Balances as of December 31, 2022
Gross carrying amount	673,586		242,089	8,511	924,186
Accumulated amortization	(493,361)		(239,010)	(2,195)	(734,566)
Net intangible assets subject to amortization	180,225		3,079	6,316	189,620
Balances as of December 31, 2023
Gross carrying amount	691,498		249,680	8,754	949,932
Accumulated amortization	(531,003)		(247,150)	(2,142)	(780,295)
Net intangible assets subject to amortization	$	160,495	2,530	6,612	169,637

Schedule of Amortization Expense


	Years Ended December 31,
	2023		2022	2021
Amortization expense	$	28,339	28,086	29,280

Schedule of Expected Amortization Expense

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


	Amount
2024	$	28,366
2025	28,154
2026	27,933
2027	20,742
2028	12,948

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

Long-Term Debt - Fair Value and Carrying Value of Debt Instruments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Less: current portion of long term-debt and commercial paper	$ 1,001,715,000	$ 840,571,000
Long-term debt, less current portion	$ 2,714,518,000
1.750% Senior Notes, payable June 12, 2027; interest payable annually
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%
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	5.85%
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	$ 77,699,000	52,050,000
Unamortized debt issuance costs	(11,018,000)	(7,270,000)
Total debt	2,660,378,000	2,697,775,000
Less: current portion of long term-debt and commercial paper	1,001,715,000	840,571,000
Long-term debt, less current portion	1,658,663,000	1,857,204,000
Fair Value \| 1.750% Senior Notes, payable June 12, 2027; interest payable annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	521,899,000	482,139,000
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	463,965,000	431,605,000
Fair Value \| 5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	622,890,000	0
Fair Value \| Senior credit facility, payable August 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	67,117,000	0
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	77,699,000	52,050,000
Unamortized debt issuance costs	(11,018,000)	(7,270,000)
Total debt	2,703,500,000	2,819,134,000
Less: current portion of long term-debt and commercial paper	1,001,715,000	840,571,000
Long-term debt, less current portion	1,701,785,000	1,978,563,000
Carrying Value \| 1.750% Senior Notes, payable June 12, 2027; interest payable annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	551,876,000	535,103,000
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	500,000,000	500,000,000
Carrying Value \| 5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	600,000,000	0
Carrying Value \| Senior credit facility, payable August 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	67,117,000	0
United States \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	0	785,998,000
Term loan facility	675,000,000	675,000,000
United States \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	0	785,998,000
Term loan facility	675,000,000	675,000,000
Europe \| Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	0	42,808,000
Term loan facility	242,826,000	235,445,000
Europe \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	0	42,808,000
Term loan facility	$ 242,826,000	$ 235,445,000

Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finance Leases
2024	$ 18,226
2025	16,936
2026	14,306
2027	10,768
2028	7,244
Thereafter	10,092
Total lease payments	77,572
Less: imputed interest	6,380
Present value, Total	71,192	$ 52,050
Operating Leases
2024	134,031
2025	117,783
2026	96,534
2027	67,254
2028	43,615
Thereafter	38,469
Total lease payments	497,686
Less: imputed interest	51,320
Present value, Total	446,366	401,402
Total
2024	152,257
2025	134,719
2026	110,840
2027	78,022
2028	50,859
Thereafter	48,561
Total lease payments	575,258
Less: imputed interest	57,700
Total lease liabilities	$ 517,558	$ 453,452

Restructuring, Acquisition and Integration-Related Costs - Schedule of Restructuring Reserve by Type of Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 115,807	$ 76,715
Cost of sales:
Restructuring Cost and Reserve [Line Items]
Restructuring costs	103,422	67,621	$ 17,899
Acquisition integration-related costs	974	396	497
Restructuring and acquisition integration-related costs	104,396	68,017	18,396
Selling, general and administrative expenses:
Restructuring Cost and Reserve [Line Items]
Restructuring costs	12,385	9,094	1,301
Acquisition transaction-related costs	2,117	1,654	2,372
Acquisition integration-related costs	12,712	2,992	1,568
Restructuring and acquisition integration-related costs	$ 27,214	$ 13,740	$ 5,241

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.