0000851968-24-000106 | 10-Q | XBRL Viewer

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Debt - Schedule of Fair Value and Carrying Value of Debt Instruments (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 31, 2023	Jun. 12, 2020	May 14, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Less: current portion of long term-debt and commercial paper	$ 718.0	$ 1,001.7
1.750% Senior Notes, payable June 12, 2027; interest payable annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	1.75%	1.75%	1.75%
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	3.625%	3.625%		3.625%
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	5.85%	5.85%
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	$ 85.1	$ 77.7
Unamortized debt issuance costs	(9.6)	(11.0)
Total debt	2,350.9	2,660.4
Less: current portion of long term-debt and commercial paper	718.0	1,001.7
Long-term debt, less current portion	1,632.9	1,658.7
Fair Value \| United States
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	385.0	0.0
Term Loan Facility	0.0	675.0
Fair Value \| Europe
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	313.4	0.0
Term Loan Facility	0.0	242.8
Fair Value \| 1.750% Senior Notes, payable June 12, 2027; interest payable annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	508.0	521.9
Fair Value \| 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	457.0	464.0
Fair Value \| 5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	612.0	622.9
Fair Value \| Senior Credit Facility, payable August 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	0.0	67.1
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	85.1	77.7
Unamortized debt issuance costs	(9.6)	(11.0)
Total debt	2,409.5	2,703.5
Less: current portion of long term-debt and commercial paper	718.0	1,001.7
Long-term debt, less current portion	1,691.5	1,701.8
Carrying Value \| United States
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	385.0	0.0
Term Loan Facility	0.0	675.0
Carrying Value \| Europe
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	313.4	0.0
Term Loan Facility	0.0	242.8
Carrying Value \| 1.750% Senior Notes, payable June 12, 2027; interest payable annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	535.6	551.9
Carrying Value \| 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	500.0	500.0
Carrying Value \| 5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually \| Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	600.0	600.0
Carrying Value \| Senior Credit Facility, payable August 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	$ 0.0	$ 67.1

Restructuring, Acquisition and Integration-Related Costs (Tables)

6 Months Ended

Jun. 29, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring, Acquisition Transaction and Integration-related Costs

Restructuring, acquisition transaction and integration-related costs consisted of the following during the three and six months ended June 29, 2024 and July 1, 2023:


	Three Months Ended			Six Months Ended
(In millions)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Cost of sales:
Restructuring costs	$	35.2	29.5	40.6	58.6

Acquisition integration-related costs	—		0.9	0.1	0.9
Restructuring and acquisition integration-related costs	$	35.2	30.4	40.7	59.5

Selling, general and administrative expenses:
Restructuring costs	$	6.0	5.6	7.3	5.8
Acquisition transaction-related costs	0.1		1.0	0.2	1.3
Acquisition integration-related costs	0.1		4.7	1.1	7.1
Restructuring, acquisition transaction and integration-related costs	$	6.2	11.3	8.6	14.2

Schedule of Restructuring Activity

The following table summarizes the restructuring activities for the three months ended June 29, 2024:


(In millions)	Asset Write- Downs and (Gains) on Disposals, net		Severance	Other Restructuring Costs	Total
Balance as of March 30, 2024	$	—	9.5		—	9.5
Restructuring costs
Global Ceramic	7.2		5.0		(0.6)	11.6
Flooring NA	1.7		—		2.0	3.7
Flooring ROW	18.7		6.9		—	25.6
Corporate	—		0.3		—	0.3
Total restructuring costs	27.6		12.2		1.4	41.2
Cash payments	—		(5.3)		(1.4)	(6.7)
Non-cash items	(27.6)		(0.1)		—	(27.7)
Balances as of June 29, 2024	$	—	16.3		—	16.3

Restructuring costs recorded in:
Cost of sales	$	27.6	6.6		1.0	35.2
Selling, general and administrative expenses	—		5.6		0.4	6.0
Total restructuring costs	$	27.6	12.2		1.4	41.2

The following table summarizes the restructuring activities for the six months ended June 29, 2024:


(In millions)	Asset Write- Downs and (Gains) on Disposals, net		Severance	Other restructuring costs	Total
Balances as of December 31, 2023	$	—	12.1	—	12.1
Restructuring costs
Global Ceramic	9.2		5.5	—	14.7
Flooring NA	1.7		—	2.8	4.5
Flooring ROW	21.0		7.0	0.4	28.4
Corporate	—		0.3	—	0.3
Total restructuring costs	31.9		12.8	3.2	47.9
Cash payments	—		(8.3)	(3.1)	(11.4)
Non-cash items	(31.9)		(0.3)	(0.1)	(32.3)
Balances as of June 29, 2024	$	—	16.3	—	16.3

Restructuring costs recorded in:
Cost of sales	$	31.9	6.7	2.0	40.6
Selling, general and administrative expenses	—		6.1	1.2	7.3
Total restructuring costs	$	31.9	12.8	3.2	47.9

Receivables, net

6 Months Ended

Jun. 29, 2024

Receivables [Abstract]

Receivables, net


(In millions)	June 29, 2024		December 31, 2023
Customers, trade	$	1,905.2	1,716.3
Income tax receivable	35.1		48.4
Other	143.7		176.8
Less: allowance for discounts, claims and doubtful accounts	65.5		66.8
Receivables, net	$	2,018.5	1,874.7

Segment Reporting (Details) $ in Millions	3 Months Ended		6 Months Ended
Segment Reporting (Details) $ in Millions	Jun. 29, 2024 USD ($)	Jul. 01, 2023 USD ($)	Jun. 29, 2024 USD ($) segment	Jul. 01, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment			3
Segment Reporting Information [Line Items]
Net sales	$ 2,801.3	$ 2,950.5	$ 5,480.7	$ 5,756.7
Operating income (loss)	214.0	153.1	360.6	278.8
Assets	13,279.6		13,279.6		$ 13,559.8
Operating segments \| Global Ceramic
Segment Reporting Information [Line Items]
Net sales	1,115.6	1,155.4	2,160.4	2,214.7
Operating income (loss)	83.1	84.0	131.9	147.3
Assets	4,931.5		4,931.5		4,988.3
Operating segments \| Flooring NA
Segment Reporting Information [Line Items]
Net sales	958.5	1,001.7	1,858.7	1,955.1
Operating income (loss)	78.3	37.2	123.3	35.2
Assets	3,940.2		3,940.2		3,909.9
Operating segments \| Flooring ROW
Segment Reporting Information [Line Items]
Net sales	727.2	793.4	1,461.6	1,586.9
Operating income (loss)	65.6	87.0	136.5	162.2
Assets	3,899.2		3,899.2		4,051.6
Corporate and intersegment eliminations
Segment Reporting Information [Line Items]
Operating income (loss)	(13.0)	$ (55.1)	(31.1)	$ (65.9)
Assets	$ 508.7		$ 508.7		$ 610.0

COVER PAGE - shares	6 Months Ended
COVER PAGE - shares	Jun. 29, 2024	Jul. 24, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 29, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		63,117,076
Entity Central Index Key	0000851968
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

Revenue from Contracts with Customers - Narrative (Details)	3 Months Ended		6 Months Ended
	Jun. 29, 2024 USD ($)	Jul. 01, 2023 USD ($)	Jun. 29, 2024 USD ($) segment	Jul. 01, 2023 USD ($)	Dec. 31, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Contract liability	$ 74,500,000		$ 74,500,000		$ 68,000,000.0
Revenue recognized related to contract liabilities	0	$ 0	0	$ 0
Capitalized contract cost	$ 67,900,000		67,900,000		$ 66,700,000
Amortization of capitalized contract costs			$ 31,600,000	$ 27,500,000
Number of reportable segments \| segment			3

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Earnings Per Share [Abstract]
Net earnings attributable to Mohawk Industries, Inc.	$ 157.4	$ 101.2	$ 262.4	$ 181.4
Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding-basic (in shares)	63.6	63.7	63.7	63.6
Add dilutive potential common shares—RSUs (in shares)	0.3	0.2	0.3	0.3
Weighted-average common shares outstanding-diluted (in shares)	63.9	63.9	64.0	63.9
Earnings per share attributable to Mohawk Industries, Inc.
Basic (in usd per share)	$ 2.47	$ 1.59	$ 4.12	$ 2.85
Diluted (in usd per share)	$ 2.46	$ 1.58	$ 4.10	$ 2.84

- Definition

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

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Net cash paid during the periods for:
Interest	$ 43.7	$ 54.2
Income taxes	81.0	85.7
Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	65.8	107.7
ROU assets obtained in exchange for lease obligations:
Operating leases	27.2	73.1
Finance leases	$ 15.1	$ 20.5

Acquisitions - Schedule of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 31, 2023	Apr. 01, 2023
Business Acquisition [Line Items]
Goodwill	$ 1,136.7	$ 1,159.7
2023 Acquisitions
Business Acquisition [Line Items]
Working capital			$ 95.3
Property, plant and equipment			333.5
Long-term debt, including current portion			(26.0)
Deferred tax, net			(10.0)
Net assets acquired			522.8
Less: cash acquired			(7.3)
Net consideration transferred (net of cash acquired)			515.5
2023 Acquisitions \| Customer Relationships
Business Acquisition [Line Items]
Intangible assets			4.0
2023 Acquisitions \| Tradenames
Business Acquisition [Line Items]
Intangible assets			$ 38.5

Goodwill and Intangible Assets

6 Months Ended

Jun. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

The components of goodwill and other intangible assets are as follows:

Goodwill:


(In millions)	Global Ceramic		Flooring NA	Flooring ROW	Total



Balance as of December 31, 2023 (1)	$	—	372.3	787.4	1,159.7



Currency translation	—		—	(23.0)	(23.0)




Balance as of June 29, 2024	$	—	372.3	764.4	1,136.7

(1) Net of accumulated impairment losses of $2,886.7 ($1,644.7 in Global Ceramic, $557.9 in Flooring NA and $684.1 in Flooring ROW).

Intangible assets not subject to amortization:


(In millions)	Tradenames
Balance as of December 31, 2023	$	705.7


Currency translation during the period	(16.2)
Balance as of June 29, 2024	$	689.5

Intangible assets subject to amortization:


(In millions)	Customer Relationships		Patents	Other	Total




Balance as of December 31, 2023
Gross carrying amount	$	691.5	249.7	8.7	949.9
Accumulated amortization	(531.0)		(247.2)	(2.1)	(780.3)
Net intangible assets subject to amortization	160.5		2.5	6.6	169.6
Balance as of June 29, 2024
Gross carrying amount	677.4		242.4	8.6	928.4
Accumulated amortization	(534.0)		(240.2)	(2.3)	(776.5)
Net intangible assets subject to amortization	$	143.4	2.2	6.3	151.9

Three Months Ended

Six Months Ended

(In millions)

June 29, 2024

July 1, 2023

June 29, 2024

July 1, 2023

Amortization expense

7.0

7.1

13.7

14.2

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jun. 29, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company recognizes compensation expense for all stock-based payments granted based on the grant-date fair value estimated in accordance with the provisions of ASC 718-10. Compensation expense is recognized on a straight-line basis over the awards’ estimated lives for fixed awards with ratable vesting provisions. The Company granted no restricted stock units (“RSUs”) for the three months ended June 29, 2024. The Company granted 0.3 million RSUs at a weighted average grant-date fair value of $101.42 per unit for the six months ended June 29, 2024. The Company granted 0.0 million RSUs at a weighted average of grant-date fair value of $94.86 per unit for the three months ended July 1, 2023. The Company granted 0.3 million RSUs at a weighted average grant-date fair value of $102.09 per unit for the six months ended July 1, 2023. The Company recognized stock-based compensation expense related to the issuance of RSUs of $6.8 million ($5.0 million net of taxes) and $5.4 million ($4.0 million net of taxes) for the three months ended June 29, 2024 and July 1, 2023, respectively, which has been allocated to cost of sales and selling, general and administrative expenses. The Company recognized stock-based compensation costs related to the issuance of RSUs of $13.6 million ($10.1 million net of taxes) and $10.4 million ($7.7 million net of taxes) for the six months ended June 29, 2024 and July 1, 2023, respectively, which has been allocated to cost of sales and selling, general and administrative expenses. Pre-tax unrecognized compensation expense for unvested RSUs granted to employees, net of estimated forfeitures, was $31.9 million as of June 29, 2024, and will be recognized as expense over a weighted-average period of approximately 2.00 years.

Restructuring, Acquisition and Integration-Related Costs

6 Months Ended

Jun. 29, 2024

Restructuring and Related Activities [Abstract]

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 and productivity initiatives. For example:

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

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

Restructuring, acquisition transaction and integration-related costs consisted of the following during the three and six months ended June 29, 2024 and July 1, 2023:


	Three Months Ended			Six Months Ended
(In millions)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Cost of sales:
Restructuring costs	$	35.2	29.5	40.6	58.6

Acquisition integration-related costs	—		0.9	0.1	0.9
Restructuring and acquisition integration-related costs	$	35.2	30.4	40.7	59.5

Selling, general and administrative expenses:
Restructuring costs	$	6.0	5.6	7.3	5.8
Acquisition transaction-related costs	0.1		1.0	0.2	1.3
Acquisition integration-related costs	0.1		4.7	1.1	7.1
Restructuring, acquisition transaction and integration-related costs	$	6.2	11.3	8.6	14.2

During 2022 and 2023, the Company implemented a number of restructuring actions, productivity initiatives and manufacturing enhancements focused on reducing costs to enhance future performance, including certain facility, asset and product rationalizations and workforce reductions. In 2024, the Company announced further restructuring actions to take advantage of additional opportunities related to the activities described above.

The following table summarizes the restructuring activities for the three months ended June 29, 2024:


(In millions)	Asset Write- Downs and (Gains) on Disposals, net		Severance	Other Restructuring Costs	Total
Balance as of March 30, 2024	$	—	9.5		—	9.5
Restructuring costs
Global Ceramic	7.2		5.0		(0.6)	11.6
Flooring NA	1.7		—		2.0	3.7
Flooring ROW	18.7		6.9		—	25.6
Corporate	—		0.3		—	0.3
Total restructuring costs	27.6		12.2		1.4	41.2
Cash payments	—		(5.3)		(1.4)	(6.7)
Non-cash items	(27.6)		(0.1)		—	(27.7)
Balances as of June 29, 2024	$	—	16.3		—	16.3

Restructuring costs recorded in:
Cost of sales	$	27.6	6.6		1.0	35.2
Selling, general and administrative expenses	—		5.6		0.4	6.0
Total restructuring costs	$	27.6	12.2		1.4	41.2

The following table summarizes the restructuring activities for the six months ended June 29, 2024:


(In millions)	Asset Write- Downs and (Gains) on Disposals, net		Severance	Other restructuring costs	Total
Balances as of December 31, 2023	$	—	12.1	—	12.1
Restructuring costs
Global Ceramic	9.2		5.5	—	14.7
Flooring NA	1.7		—	2.8	4.5
Flooring ROW	21.0		7.0	0.4	28.4
Corporate	—		0.3	—	0.3
Total restructuring costs	31.9		12.8	3.2	47.9
Cash payments	—		(8.3)	(3.1)	(11.4)
Non-cash items	(31.9)		(0.3)	(0.1)	(32.3)
Balances as of June 29, 2024	$	—	16.3	—	16.3

Restructuring costs recorded in:
Cost of sales	$	31.9	6.7	2.0	40.6
Selling, general and administrative expenses	—		6.1	1.2	7.3
Total restructuring costs	$	31.9	12.8	3.2	47.9

The Company currently estimates that it will incur additional restructuring costs of approximately $95-$110 million primarily related to asset write-downs and other restructuring related costs, which are expected to be executed throughout 2025 and into 2026.

As of June 29, 2024, the accrual balance related to restructuring activities was $6.1 million for plans approved prior to 2024 and $10.2 million for plans approved during 2024.

For the plans approved prior to 2024, restructuring expenses of $6.2 million and $12.4 million were recorded during the three and six months ended June 29, 2024, respectively. For the plans approved during 2024, restructuring expenses of $35.0 million and $35.5 million were recorded during the three and six months ended June 29, 2024, respectively.

The Company expects the remaining severance and other restructuring costs to be paid over the next 12 months.

Debt

6 Months Ended

Jun. 29, 2024

Debt Disclosure [Abstract]

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 $1,950.0 million until October 18, 2024, after which the amount available under the Senior Credit Facility will decrease to $1,485.0 million. The Amendment also permits the Company to increase the commitments under the Senior Credit Facility by an aggregate amount not to exceed $600.0 million.

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 June 29, 2024), 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 June 29, 2024). 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 June 29, 2024), or (b) the Base Rate plus an applicable margin ranging between 0.00% and 0.75% (0.13% as of June 29, 2024). 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 June 29, 2024). 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 $1.9 million in connection with the Amendment of its Senior Credit Facility. These costs were deferred and, along with previously unamortized costs of $2.7 million, are being amortized over the term of the Senior Credit Facility.

As of June 29, 2024, amounts utilized under the Senior Credit Facility included zero borrowings and $0.7 million of standby letters of credit related to various insurance contracts and foreign vendor commitments. Any outstanding borrowings under the Company’s U.S. and European commercial paper programs reduce the availability of the Senior Credit Facility. Including commercial paper borrowings, the Company has utilized $699.1 million under the Senior Credit Facility, resulting in a total of $1,250.9 million available as of June 29, 2024.

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 $1,950.0 million (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 June 29, 2024, there was $385.0 million outstanding under the U.S. commercial paper program, and $313.4 million outstanding under the European program. The weighted-average interest rate and maturity period for the U.S. program were 5.51% and 21.62 days, respectively. The weighted-average interest rate and maturity period for the European program were 3.9% and 28.67 days, respectively.

Senior Notes

On September 18, 2023, the Company completed the issuance and sale of $600.0 million 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 $5.6 million 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 €500.0 million 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 $4.4 million 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 $500.0 million 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 $5.5 million 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.

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 $575.0 million and €220.0 million. On October 3, 2022, an additional $100.0 million 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 $675.0 million and €220.0 million, respectively. Principal amounts outstanding under the Term Loan Facility, along with any accrued and unpaid interest, could, at any time prior to the maturity date of August 12, 2024, be prepaid by the Company without premium or penalty. On January 31, 2024, the Company prepaid the entirety of the USD portion of the Term Loan Facility, in the amount of $675.0 million plus accrued and unpaid interest. On February 16, 2024, the Company prepaid the entirety of the EUR portion of the Term Loan Facility, in the amount of €220.0 million plus accrued and unpaid interest.

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


	June 29, 2024			December 31, 2023
(In millions)	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	508.0	535.6	521.9	551.9
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	457.0		500.0	464.0	500.0
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually	612.0		600.0	622.9	600.0




U.S. commercial paper	385.0		385.0	—	—
European commercial paper	313.4		313.4	—	—
Senior Credit Facility, payable August 12, 2027	—		—	67.1	67.1
U.S. Term Loan Facility	—		—	675.0	675.0
European Term Loan Facility	—		—	242.8	242.8
Finance leases and other	85.1		85.1	77.7	77.7
Unamortized debt issuance costs	(9.6)		(9.6)	(11.0)	(11.0)
Total debt	2,350.9		2,409.5	2,660.4	2,703.5
Less: current portion of long term-debt and commercial paper	718.0		718.0	1,001.7	1,001.7
Long-term debt, less current portion	$	1,632.9	1,691.5	1,658.7	1,701.8

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.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stock-Based Compensation (Details) - RSUs - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of shares granted in period (in shares)	0	0.0	300,000	300,000
Weighted-average grant-date fair value (in usd per share)		$ 94.86	$ 101.42	$ 102.09
Recognized stock-based compensation costs	$ 6.8	$ 5.4	$ 13.6	$ 10.4
Recognized stock-based compensation costs, net of tax	5.0	$ 4.0	10.1	$ 7.7
Pre-tax unrecognized compensation expense, net of forfeitures	$ 31.9		$ 31.9
Recognized expense over a weighted-average period (years)			2 years

- Definition

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.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
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+ Details

Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 29, 2024

Supplemental Cash Flow Information [Abstract]

Schedule of Supplemental Cash Flow Information


	Six Months Ended
(In millions)	June 29, 2024		July 1, 2023
Net cash paid during the periods for:
Interest	$	43.7	54.2
Income taxes	$	81.0	85.7

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	65.8	107.7








ROU assets obtained in exchange for lease obligations:
Operating leases	$	27.2	73.1
Finance leases	$	15.1	20.5

Debt - Term Loan (Details) - Secured debt	Dec. 06, 2022 EUR (€)	Oct. 31, 2022 USD ($)	Oct. 03, 2022 USD ($)	Aug. 12, 2022 USD ($)	Aug. 12, 2022 EUR (€)
Term Loan One
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 575,000,000.0
Line of credit facility, maximum amount outstanding during period		$ 675,000,000.0
Term Loan Two
Debt Instrument [Line Items]
Maximum borrowing capacity \| €					€ 220,000,000.0
Line of credit facility, maximum amount outstanding during period \| €	€ 220,000,000.0
Term Loan
Debt Instrument [Line Items]
Additional borrowing capacity			$ 100,000,000.0

- Definition

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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+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 29, 2024	Dec. 31, 2023
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)	150,000,000.0	150,000,000.0
Common stock, shares issued (in shares)	70,400,000	71,000,000.0
Common stock, shares outstanding (in shares)	70,400,000	71,000,000.0
Treasury stock, shares (in shares)	7,300,000	7,300,000

Accounts Payable and Accrued Expenses (Tables)

6 Months Ended

Jun. 29, 2024

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Expenses


(In millions)	June 29, 2024		December 31, 2023
Outstanding checks in excess of cash	$	0.6	2.2
Accounts payable, trade	1,082.8		1,038.0
Accrued expenses	708.5		667.7
Product warranties	33.8		37.6
Accrued interest	14.0		20.1


Accrued compensation and benefits	270.1		269.7
Total accounts payable and accrued expenses	$	2,109.8	2,035.3

Acquisitions - Narrative (Details) $ in Millions	3 Months Ended
Acquisitions - Narrative (Details) $ in Millions	Apr. 01, 2023 USD ($) acquisition	Jun. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 1,136.7	$ 1,159.7
2023 Acquisitions
Business Acquisition [Line Items]
Net consideration transferred (net of cash acquired)	$ 515.5
Global Ceramic \| 2023 Acquisitions
Business Acquisition [Line Items]
Number of acquisitions \| acquisition	2
Net consideration transferred (net of cash acquired)	$ 515.5
Elizabeth Revestlmentos Segment \| 2023 Acquisitions
Business Acquisition [Line Items]
Goodwill	$ 87.5

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

Inventories (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 1,824.1	$ 1,797.0
Work in process	168.2	164.2
Raw materials	587.6	590.7
Total inventories	$ 2,579.9	$ 2,551.9

Acquisitions

6 Months Ended

Jun. 29, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [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 $515.5 million. The Company’s acquisitions resulted in a goodwill allocation of $87.5 million. A portion of the goodwill is expected to 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.


(In millions)	Amounts Recognized as of the Acquisition Date
Working capital	$	95.3
Property, plant and equipment	333.5
Tradenames	38.5
Customer relationships	4.0
Goodwill	87.5
Long-term debt, including current portion	(26.0)
Deferred tax, net	(10.0)
	522.8
Less: cash acquired	(7.3)
Net consideration transferred (net of cash acquired)	$	515.5

During 2023, the Company recognized impairment losses on goodwill and tradenames. For the amounts recognized, please refer to Note 8, Goodwill and Other Intangible Assets, in Part II, Item 8 in the Company’s 2023 Annual Report filed on Form 10-K as well as Note 7, Goodwill and Intangible Assets, in this Form 10-Q.

Accumulated Other Comprehensive Income (Loss) (Details) $ in Millions	6 Months Ended
	Jun. 29, 2024 USD ($)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	$ 7,629.1
Ending balance	7,652.5
Total
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(1,080.0)
Current period other comprehensive income (loss)	(158.7)
Ending balance	(1,238.7)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(1,079.3)
Current period other comprehensive income (loss)	(158.7)
Ending balance	(1,238.0)
Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(0.7)
Current period other comprehensive income (loss)	0.0
Ending balance	$ (0.7)

- Definition

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

+ References + Details

- Definition

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

+ References

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+ Details

Income Taxes	6 Months Ended
Income Taxes	Jun. 29, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended June 29, 2024, the Company recorded income tax expense of $42.3 million on earnings before income taxes of $199.8 million for an effective tax rate of 21.2%. For the three months ended July 1, 2023, the Company recorded income tax expense of $26.8 million on earnings before income taxes of $128.0 million, for an effective tax rate of 20.9%. The increase in the effective tax rate was primarily driven by higher earnings before taxes and the Company’s geographic dispersion of profits and losses for the respective periods, partially offset by a larger increase in unrecognized tax benefits during the three months ended July 1, 2023. For the six months ended June 29, 2024, the Company recorded income tax expense of $70.1 million on earnings before income taxes of $332.6 million for an effective tax rate of 21.1%, as compared to income tax expense of $55.7 million on earnings before income taxes of $237.2 million, for an effective tax rate of 23.5% for the six months ended July 1, 2023. The decrease in the effective tax rate was primarily driven by a larger increase in unrecognized tax benefits and the write-off of an income tax receivable no longer expected during the six months ended July 1, 2023, partially offset by the Company’s geographic dispersion of profits and losses for the respective periods.

- Definition

The entire disclosure for income tax.

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+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 497.4	$ 642.6
Receivables, net	2,018.5	1,874.7
Inventories	2,579.9	2,551.9
Prepaid expenses	528.7	515.8
Other current assets	16.8	19.3
Total current assets	5,641.3	5,604.3
Property, plant and equipment	10,318.6	10,392.3
Less: accumulated depreciation	5,559.4	5,399.1
Property, plant and equipment, net	4,759.2	4,993.2
Right of use operating lease assets	396.2	428.5
Goodwill	1,136.7	1,159.7
Tradenames	689.5	705.7
Other intangible assets subject to amortization, net	151.9	169.6
Deferred income taxes and other non-current assets	504.8	498.8
Total assets	13,279.6	13,559.8
Current liabilities:
Short-term debt and current portion of long-term debt	718.0	1,001.7
Accounts payable and accrued expenses	2,109.8	2,035.3
Current operating lease liabilities	109.9	108.9
Total current liabilities	2,937.7	3,145.9
Deferred income taxes	361.2	391.5
Long-term debt, less current portion	1,691.5	1,701.8
Non-current operating lease liabilities	301.6	337.5
Other long-term liabilities	335.1	354.0
Total liabilities	5,627.1	5,930.7
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $.01 par value; 60,000 shares authorized; no shares issued	0.0	0.0
Common stock, $.01 par value; 150.0 shares authorized; 70.4 and 71.0 shares issued and outstanding in 2024 and 2023, respectively	0.7	0.7
Additional paid-in capital	1,955.0	1,947.5
Retained earnings	7,144.8	6,970.2
Accumulated other comprehensive income (loss)	(1,238.7)	(1,080.0)
Stockholders' equity before treasury stock	7,861.8	7,838.4
Less: treasury stock at cost; 7.3 shares in 2024 and 2023	215.3	215.4
Total Mohawk Industries, Inc. stockholders’ equity	7,646.5	7,623.0
Noncontrolling interests	6.0	6.1
Total stockholders’ equity	7,652.5	7,629.1
Total liabilities and stockholders’ equity	$ 13,279.6	$ 13,559.8

Stockholders' Equity (Tables)

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

Schedule of Changes in Stockholders' Equity

The following tables reflect the changes in stockholders’ equity for the three months ended June 29, 2024 and July 1, 2023.


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount















Balance as of March 30, 2024		71.2	$0.7	$1,949.1	$7,075.2	($1,167.8)	(7.3)	($215.3)	$5.9	$7,647.8
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		—	—	(0.9)	—	—	—	—	—	(0.9)
Stock-based compensation expense		—	—	6.8	—	—	—	—	—	6.8

Repurchases of common stock		(0.8)	—	—	(87.8)	—	—	—	—	(87.8)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.1)	(0.1)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	0.1	0.1

Currency translation adjustment		—	—	—	—	(70.9)	—	—	—	(70.9)
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	157.4	—	—	—	—	157.4
Balances as of June 29, 2024		70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount















Balances as of April 1, 2023		71.0	$0.7	$1,932.1	$7,490.0	($1,107.9)	(7.3)	($215.4)	$6.2	$8,105.7
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		—	—	—	—	—	—	—	—	—
Stock-based compensation expense		—	—	5.3	—	—	—	—	—	5.3

Repurchases of common stock		—	—	—	—	—	—	—	—	—


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	—	—
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.3)	(0.3)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	—	—

Currency translation adjustment		—	—	—	—	0.1	—	—	—	0.1
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	101.2	—	—	—	—	101.2
Balances as of July 1, 2023		71.0	$0.7	$1,937.4	$7,591.2	($1,107.8)	(7.3)	($215.4)	$5.9	$8,212.0

The following tables reflect the changes in stockholders’ equity for the six months ended June 29, 2024 and July 1, 2023.


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount

Balances as of December 31, 2023		71.0	$0.7	$1,947.5	$6,970.2	($1,080.0)	(7.3)	($215.4)	$6.1	$7,629.1
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		0.2	—	(6.1)	—	—	—	0.1	—	(6.0)
Stock-based compensation expense		—	—	13.6	—	—	—	—	—	13.6

Repurchases of common stock		(0.8)	—	—	(87.8)	—	—	—	—	(87.8)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.2)	(0.2)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	—	—

Currency translation adjustment		—	—	—	—	(158.7)	—	—	—	(158.7)
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	262.4	—	—	—	—	262.4
Balances as of June 29, 2024		70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount

Balances as of December 31, 2022		70.9	$0.7	$1,930.8	$7,409.8	($1,114.3)	(7.3)	($215.5)	$6.4	$8,017.9
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		0.1	—	(3.9)	—	—	—	0.1	—	(3.8)
Stock-based compensation expense		—	—	10.4	—	—	—	—	—	10.4

Repurchases of common stock		—	—	—	—	—	—	—	—	—


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.4)	(0.4)
Purchase of noncontrolling interest, net of taxes		—	—	0.1	—	—	—	—	(0.2)	(0.1)

Currency translation adjustment		—	—		—	7.0	—	—	—	7.0
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	(0.5)	—	—	—	(0.5)

Net earnings		—	—	—	181.4	—	—	—	—	181.4
Balances as of July 1, 2023		71.0	$0.7	$1,937.4	$7,591.2	($1,107.8)	(7.3)	($215.4)	$5.9	$8,212.0

Accounts Payable and Accrued Expenses

6 Months Ended

Jun. 29, 2024

Payables and Accruals [Abstract]

Accounts Payable and Accrued Expenses


(In millions)	June 29, 2024		December 31, 2023
Outstanding checks in excess of cash	$	0.6	2.2
Accounts payable, trade	1,082.8		1,038.0
Accrued expenses	708.5		667.7
Product warranties	33.8		37.6
Accrued interest	14.0		20.1


Accrued compensation and benefits	270.1		269.7
Total accounts payable and accrued expenses	$	2,109.8	2,035.3

Other Income and Expense, net

6 Months Ended

Jun. 29, 2024

Other Nonoperating Income (Expense) [Abstract]

Other Income and Expense, net


	Three Months Ended			Six Months Ended
(In millions)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Foreign currency (gains) losses, net	$	1.8	6.8	3.9	11.7





All other, net	(0.2)		(4.6)	(3.4)	(10.1)
Total other (income) and expense, net	$	1.6	2.2	0.5	1.6

Inventories (Tables)

6 Months Ended

Jun. 29, 2024

Inventory Disclosure [Abstract]

Schedule of Net Components of Inventories


(In millions)	June 29, 2024		December 31, 2023
Finished goods	$	1,824.1	1,797.0
Work in process	168.2		164.2
Raw materials	587.6		590.7
Total inventories	$	2,579.9	2,551.9

General (Policies)	6 Months Ended
General (Policies)	Jun. 29, 2024
Accounting Policies [Abstract]
Interim Reporting	Interim Reporting The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto, and the Company’s description of critical accounting policies, included in the Company’s 2023 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Results for interim periods are not necessarily indicative of the results for the year.
Recent Accounting Pronouncements—Effective in Future Years	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 of the new guidance. On December 14, 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which 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. The Company is currently evaluating the impact of the new guidance.

Goodwill and Intangible Assets - Schedule of Intangible Assets Amortization Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7.0	$ 7.1	$ 13.7	$ 14.2

Revenue from Contracts with Customers - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 2,801.3	$ 2,950.5	$ 5,480.7	$ 5,756.7
Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	1,105.8	1,155.2	2,143.9	2,213.9
Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	987.0	1,036.8	1,913.9	1,878.1
Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	441.0	454.3	867.4	1,041.7
Other
Disaggregation of Revenue [Line Items]
Net sales	267.5	304.2	555.5	623.0
United States
Disaggregation of Revenue [Line Items]
Net sales	1,526.8	1,587.4	2,958.6	3,111.0
Europe
Disaggregation of Revenue [Line Items]
Net sales	845.0	908.7	1,666.7	1,814.0
Latin America
Disaggregation of Revenue [Line Items]
Net sales	192.7	206.9	388.7	358.5
Other
Disaggregation of Revenue [Line Items]
Net sales	236.8	247.5	466.7	473.2
Operating segments \| Global Ceramic
Disaggregation of Revenue [Line Items]
Net sales	1,115.6	1,155.4	2,160.4	2,214.7
Operating segments \| Global Ceramic \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	1,099.7	1,145.3	2,131.9	2,195.4
Operating segments \| Global Ceramic \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	15.9	10.1	28.5	19.3
Operating segments \| Global Ceramic \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0	0.0
Operating segments \| Global Ceramic \| Other
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0	0.0
Operating segments \| Global Ceramic \| United States
Disaggregation of Revenue [Line Items]
Net sales	593.4	611.6	1,153.7	1,208.2
Operating segments \| Global Ceramic \| Europe
Disaggregation of Revenue [Line Items]
Net sales	291.9	297.3	547.4	570.8
Operating segments \| Global Ceramic \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	182.5	198.0	367.6	342.3
Operating segments \| Global Ceramic \| Other
Disaggregation of Revenue [Line Items]
Net sales	47.8	48.5	91.7	93.4
Operating segments \| Flooring NA
Disaggregation of Revenue [Line Items]
Net sales	958.5	1,001.7	1,858.7	1,955.1
Operating segments \| Flooring NA \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	6.1	9.9	12.0	18.5
Operating segments \| Flooring NA \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	747.4	791.3	1,447.5	1,541.8
Operating segments \| Flooring NA \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	205.0	200.5	399.2	394.8
Operating segments \| Flooring NA \| Other
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0	0.0
Operating segments \| Flooring NA \| United States
Disaggregation of Revenue [Line Items]
Net sales	930.6	973.5	1,800.4	1,899.3
Operating segments \| Flooring NA \| Europe
Disaggregation of Revenue [Line Items]
Net sales	0.7	0.1	1.3	0.3
Operating segments \| Flooring NA \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	1.0	0.7	2.0	1.6
Operating segments \| Flooring NA \| Other
Disaggregation of Revenue [Line Items]
Net sales	26.2	27.4	55.0	53.9
Operating segments \| Flooring ROW
Disaggregation of Revenue [Line Items]
Net sales	727.2	793.4	1,461.6	1,586.9
Operating segments \| Flooring ROW \| Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0	0.0	0.0
Operating segments \| Flooring ROW \| Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	223.7	235.4	437.9	317.0
Operating segments \| Flooring ROW \| Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	236.0	253.8	468.2	646.9
Operating segments \| Flooring ROW \| Other
Disaggregation of Revenue [Line Items]
Net sales	267.5	304.2	555.5	623.0
Operating segments \| Flooring ROW \| United States
Disaggregation of Revenue [Line Items]
Net sales	2.8	2.3	4.5	3.5
Operating segments \| Flooring ROW \| Europe
Disaggregation of Revenue [Line Items]
Net sales	552.4	611.3	1,118.0	1,242.9
Operating segments \| Flooring ROW \| Latin America
Disaggregation of Revenue [Line Items]
Net sales	9.2	8.2	19.1	14.6
Operating segments \| Flooring ROW \| Other
Disaggregation of Revenue [Line Items]
Net sales	$ 162.8	$ 171.6	$ 320.0	$ 325.9

Segment Reporting (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Schedule of Segment Information


	Three Months Ended			Six Months Ended
(In millions)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Net sales:
Global Ceramic	$	1,115.6	1,155.4	2,160.4	2,214.7
Flooring NA	958.5		1,001.7	1,858.7	1,955.1
Flooring ROW	727.2		793.4	1,461.6	1,586.9

Total	$	2,801.3	2,950.5	5,480.7	5,756.7

Operating income (loss):
Global Ceramic	$	83.1	84.0	131.9	147.3
Flooring NA	78.3		37.2	123.3	35.2
Flooring ROW	65.6		87.0	136.5	162.2
Corporate and intersegment eliminations	(13.0)		(55.1)	(31.1)	(65.9)
Total	$	214.0	153.1	360.6	278.8


(In millions)	June 29, 2024		December 31, 2023
Assets:
Global Ceramic	$	4,931.5	4,988.3
Flooring NA	3,940.2		3,909.9
Flooring ROW	3,899.2		4,051.6
Corporate and intersegment eliminations	508.7		610.0
Total	$	13,279.6	13,559.8

Goodwill and Intangible Assets - Schedule of Intangible Assets Subject to Amortization (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 31, 2023
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	$ 928.4	$ 949.9
Accumulated amortization	(776.5)	(780.3)
Net value	151.9	169.6
Customer Relationships
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	677.4	691.5
Accumulated amortization	(534.0)	(531.0)
Net value	143.4	160.5
Patents
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	242.4	249.7
Accumulated amortization	(240.2)	(247.2)
Net value	2.2	2.5
Other
Finite-lived Intangible Assets [Roll Forward]
Gross carrying amount	8.6	8.7
Accumulated amortization	(2.3)	(2.1)
Net value	$ 6.3	$ 6.6

Acquisitions (Tables)

6 Months Ended

Jun. 29, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [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.


(In millions)	Amounts Recognized as of the Acquisition Date
Working capital	$	95.3
Property, plant and equipment	333.5
Tradenames	38.5
Customer relationships	4.0
Goodwill	87.5
Long-term debt, including current portion	(26.0)
Deferred tax, net	(10.0)
	522.8
Less: cash acquired	(7.3)
Net consideration transferred (net of cash acquired)	$	515.5

Goodwill and Intangible Assets - Schedule of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 29, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, net, beginning balance	$ 1,159.7
Currency translation	(23.0)
Goodwill, net, ending balance	1,136.7
Operating segments
Goodwill [Roll Forward]
Impairment loss	(2,886.7)
Operating segments \| Global Ceramic
Goodwill [Roll Forward]
Goodwill, net, beginning balance	0.0
Currency translation	0.0
Goodwill, net, ending balance	0.0
Impairment loss	(1,644.7)
Operating segments \| Flooring NA
Goodwill [Roll Forward]
Goodwill, net, beginning balance	372.3
Currency translation	0.0
Goodwill, net, ending balance	372.3
Impairment loss	(557.9)
Operating segments \| Flooring ROW
Goodwill [Roll Forward]
Goodwill, net, beginning balance	787.4
Currency translation	(23.0)
Goodwill, net, ending balance	764.4
Impairment loss	$ (684.1)

- Definition

+ References

+ Details

Receivables, net (Tables)

6 Months Ended

Jun. 29, 2024

Receivables [Abstract]

Schedule of Net Components of Receivables


(In millions)	June 29, 2024		December 31, 2023
Customers, trade	$	1,905.2	1,716.3
Income tax receivable	35.1		48.4
Other	143.7		176.8
Less: allowance for discounts, claims and doubtful accounts	65.5		66.8
Receivables, net	$	2,018.5	1,874.7

Debt - Senior Notes (Details) - Senior Notes	Sep. 18, 2023 USD ($)	Jun. 12, 2020 USD ($)	May 14, 2020 USD ($)	Jun. 29, 2024	Dec. 31, 2023	Jun. 12, 2020 EUR (€)
5.850% Senior Notes Due September 18, 2028
Debt Instrument [Line Items]
Aggregate principal amount of debts	$ 600,000,000.0
Interest rate (as a percent)	5.85%
Payment of financing costs	$ 5,600,000
1.750% Senior Notes Due June 12, 2027
Debt Instrument [Line Items]
Aggregate principal amount of debts \| €						€ 500,000,000.0
Interest rate (as a percent)				1.75%	1.75%	1.75%
Payment of financing costs		$ 4,400,000
3.625% Senior Notes Due May 15, 2030
Debt Instrument [Line Items]
Aggregate principal amount of debts			$ 500,000,000.0
Interest rate (as a percent)			3.625%	3.625%	3.625%
Payment of financing costs			$ 5,500,000

- Definition

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.

+ References

+ Details

Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)


(In millions)	Foreign Currency Translation Adjustments		Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)	Total
Balance as of December 31, 2023	$	(1,079.3)	(0.7)	(1,080.0)
Current period other comprehensive income (loss)	(158.7)		—	(158.7)

Balance as of June 29, 2024	$	(1,238.0)	(0.7)	(1,238.7)

Revenue from Contracts with Customers (Tables)

6 Months Ended

Jun. 29, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Segment Revenues Disaggregated By Geography and Product Line

The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended June 29, 2024 and July 1, 2023:


(In millions)
June 29, 2024	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets:
United States	$	593.4	930.6	2.8	1,526.8
Europe	291.9		0.7	552.4	845.0
Latin America	182.5		1.0	9.2	192.7
Other	47.8		26.2	162.8	236.8
Total	$	1,115.6	958.5	727.2	2,801.3

Product Categories:
Ceramic & Stone	$	1,099.7	6.1	—	1,105.8
Carpet & Resilient	15.9		747.4	223.7	987.0
Laminate & Wood	—		205.0	236.0	441.0
Other (1)	—		—	267.5	267.5
Total	$	1,115.6	958.5	727.2	2,801.3


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets:
United States	$	611.6	973.5	2.3	1,587.4
Europe	297.3		0.1	611.3	908.7
Latin America	198.0		0.7	8.2	206.9
Other	48.5		27.4	171.6	247.5
Total	$	1,155.4	1,001.7	793.4	2,950.5

Product Categories:
Ceramic & Stone	$	1,145.3	9.9	—	1,155.2
Carpet & Resilient	10.1		791.3	235.4	1,036.8
Laminate & Wood	—		200.5	253.8	454.3
Other (1)	—		—	304.2	304.2
Total	$	1,155.4	1,001.7	793.4	2,950.5

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

The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the six months ended June 29, 2024 and July 1, 2023:


(In millions)
June 29, 2024	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,153.7	1,800.4	4.5	2,958.6
Europe	547.4		1.3	1,118.0	1,666.7
Latin America	367.6		2.0	19.1	388.7
Other	91.7		55.0	320.0	466.7
Total	$	2,160.4	1,858.7	1,461.6	5,480.7

Product Categories
Ceramic & Stone	$	2,131.9	12.0	—	2,143.9
Carpet & Resilient	28.5		1,447.5	437.9	1,913.9
Laminate & Wood	—		399.2	468.2	867.4
Other (1)	—		—	555.5	555.5
Total	$	2,160.4	1,858.7	1,461.6	5,480.7


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,208.2	1,899.3	3.5	3,111.0
Europe	570.8		0.3	1,242.9	1,814.0
Latin America	342.3		1.6	14.6	358.5
Other	93.4		53.9	325.9	473.2
Total	$	2,214.7	1,955.1	1,586.9	5,756.7

Product Categories
Ceramic & Stone	$	2,195.4	18.5	—	2,213.9
Carpet & Resilient	19.3		1,541.8	317.0	1,878.1
Laminate & Wood	—		394.8	646.9	1,041.7
Other (1)	—		—	623.0	623.0
Total	$	2,214.7	1,955.1	1,586.9	5,756.7

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

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 29, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies 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 and claiming that their water supplies contain excessive amounts of PFCs. The defendants removed the case to federal court, but the case has now been remanded back to the Circuit Court of Talladega County. 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”). Following the final settlement hearing on May 29, 2024, the court entered final approval of the settlement and closed the case on June 7, 2024. The Settlement Agreement is without admission of fault or wrongdoing by the defendants. 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. On April 12, 2024, the Company and the individual defendants filed motions for summary judgment in each investor action. 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 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. On February 9, 2024, the Company and the individual defendants filed a motion to dismiss the 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.

Supplemental Cash Flow Information

6 Months Ended

Jun. 29, 2024

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information


	Six Months Ended
(In millions)	June 29, 2024		July 1, 2023
Net cash paid during the periods for:
Interest	$	43.7	54.2
Income taxes	$	81.0	85.7

Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	$	65.8	107.7








ROU assets obtained in exchange for lease obligations:
Operating leases	$	27.2	73.1
Finance leases	$	15.1	20.5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023
Cash flows from operating activities:
Net earnings including noncontrolling interests	$ 262.5	$ 181.5
Adjustments to reconcile net earnings to net cash provided by operating activities:
Restructuring, excluding accelerated depreciation	25.1	33.4
Depreciation and amortization	325.7	326.5
Deferred income taxes	(32.8)	(59.5)
(Gain) loss on disposal of property, plant and equipment	(1.7)	0.4
Stock-based compensation expense	13.6	10.4
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net	(196.8)	(93.1)
Inventories	(66.9)	208.8
Accounts payable and accrued expenses	102.2	(84.0)
Other assets and prepaid expenses	18.5	(19.5)
Other liabilities	(32.1)	16.0
Net cash provided by operating activities	417.3	520.9
Cash flows from investing activities:
Additions to property, plant and equipment	(178.2)	(245.2)
Acquisitions, net of cash acquired	0.0	(515.4)
Purchases of short-term investments	0.0	(775.0)
Redemption of short-term investments	0.0	933.0
Net cash used in investing activities	(178.2)	(602.6)
Cash flows from financing activities:
Payments on Senior Credit Facility	(202.2)	(827.8)
Proceeds from Senior Credit Facility	135.7	827.7
Payments on commercial paper	(5,158.2)	(11,827.6)
Proceeds from commercial paper	5,861.0	12,013.4
Payments on Term Loan Facility	(912.3)	0.0
Net payments of other financing activities	(16.1)	(30.6)
Purchase of Mohawk common stock	(87.8)	0.0
Change in outstanding checks in excess of cash	(1.6)	1.2
Net cash (used in) provided by financing activities	(381.5)	156.3
Effect of exchange rate changes on cash and cash equivalents	(2.8)	(13.3)
Net change in cash and cash equivalents	(145.2)	61.3
Cash and cash equivalents, beginning of period	642.6	509.6
Cash and cash equivalents, end of period	$ 497.4	$ 570.9

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 157.5	$ 101.2	$ 262.5	$ 181.5
Other comprehensive income (loss):
Foreign currency translation adjustments	(71.0)	(0.2)	(158.9)	6.7
Prior pension and post-retirement benefit service cost and actuarial loss, net of tax	0.0	0.0	0.0	(0.5)
Other comprehensive income (loss)	(71.0)	(0.2)	(158.9)	6.2
Comprehensive income	86.5	101.0	103.6	187.7
Less: comprehensive loss attributable to noncontrolling interests	(0.1)	(0.3)	(0.1)	(0.3)
Comprehensive income attributable to Mohawk Industries, Inc.	$ 86.6	$ 101.3	$ 103.7	$ 188.0

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

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-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-2

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-1A

+ Details

Stockholders' Equity

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

Stockholders' Equity

Accumulated Other Comprehensive Income (Loss)


(In millions)	Foreign Currency Translation Adjustments		Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)	Total
Balance as of December 31, 2023	$	(1,079.3)	(0.7)	(1,080.0)
Current period other comprehensive income (loss)	(158.7)		—	(158.7)

Balance as of June 29, 2024	$	(1,238.0)	(0.7)	(1,238.7)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended June 29, 2024 and July 1, 2023.


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount















Balance as of March 30, 2024		71.2	$0.7	$1,949.1	$7,075.2	($1,167.8)	(7.3)	($215.3)	$5.9	$7,647.8
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		—	—	(0.9)	—	—	—	—	—	(0.9)
Stock-based compensation expense		—	—	6.8	—	—	—	—	—	6.8

Repurchases of common stock		(0.8)	—	—	(87.8)	—	—	—	—	(87.8)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.1)	(0.1)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	0.1	0.1

Currency translation adjustment		—	—	—	—	(70.9)	—	—	—	(70.9)
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	157.4	—	—	—	—	157.4
Balances as of June 29, 2024		70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount















Balances as of April 1, 2023		71.0	$0.7	$1,932.1	$7,490.0	($1,107.9)	(7.3)	($215.4)	$6.2	$8,105.7
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		—	—	—	—	—	—	—	—	—
Stock-based compensation expense		—	—	5.3	—	—	—	—	—	5.3

Repurchases of common stock		—	—	—	—	—	—	—	—	—


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	—	—
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.3)	(0.3)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	—	—

Currency translation adjustment		—	—	—	—	0.1	—	—	—	0.1
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	101.2	—	—	—	—	101.2
Balances as of July 1, 2023		71.0	$0.7	$1,937.4	$7,591.2	($1,107.8)	(7.3)	($215.4)	$5.9	$8,212.0

The following tables reflect the changes in stockholders’ equity for the six months ended June 29, 2024 and July 1, 2023.


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount

Balances as of December 31, 2023		71.0	$0.7	$1,947.5	$6,970.2	($1,080.0)	(7.3)	($215.4)	$6.1	$7,629.1
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		0.2	—	(6.1)	—	—	—	0.1	—	(6.0)
Stock-based compensation expense		—	—	13.6	—	—	—	—	—	13.6

Repurchases of common stock		(0.8)	—	—	(87.8)	—	—	—	—	(87.8)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.2)	(0.2)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	—	—

Currency translation adjustment		—	—	—	—	(158.7)	—	—	—	(158.7)
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	262.4	—	—	—	—	262.4
Balances as of June 29, 2024		70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount

Balances as of December 31, 2022		70.9	$0.7	$1,930.8	$7,409.8	($1,114.3)	(7.3)	($215.5)	$6.4	$8,017.9
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		0.1	—	(3.9)	—	—	—	0.1	—	(3.8)
Stock-based compensation expense		—	—	10.4	—	—	—	—	—	10.4

Repurchases of common stock		—	—	—	—	—	—	—	—	—


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.4)	(0.4)
Purchase of noncontrolling interest, net of taxes		—	—	0.1	—	—	—	—	(0.2)	(0.1)

Currency translation adjustment		—	—		—	7.0	—	—	—	7.0
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	(0.5)	—	—	—	(0.5)

Net earnings		—	—	—	181.4	—	—	—	—	181.4
Balances as of July 1, 2023		71.0	$0.7	$1,937.4	$7,591.2	($1,107.8)	(7.3)	($215.4)	$5.9	$8,212.0

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 29, 2024

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)


(In millions)	Foreign Currency Translation Adjustments		Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)	Total
Balance as of December 31, 2023	$	(1,079.3)	(0.7)	(1,080.0)
Current period other comprehensive income (loss)	(158.7)		—	(158.7)

Balance as of June 29, 2024	$	(1,238.0)	(0.7)	(1,238.7)

Stockholders’ Equity

The following tables reflect the changes in stockholders’ equity for the three months ended June 29, 2024 and July 1, 2023.


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount















Balance as of March 30, 2024		71.2	$0.7	$1,949.1	$7,075.2	($1,167.8)	(7.3)	($215.3)	$5.9	$7,647.8
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		—	—	(0.9)	—	—	—	—	—	(0.9)
Stock-based compensation expense		—	—	6.8	—	—	—	—	—	6.8

Repurchases of common stock		(0.8)	—	—	(87.8)	—	—	—	—	(87.8)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.1)	(0.1)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	0.1	0.1

Currency translation adjustment		—	—	—	—	(70.9)	—	—	—	(70.9)
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	157.4	—	—	—	—	157.4
Balances as of June 29, 2024		70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interests	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount















Balances as of April 1, 2023		71.0	$0.7	$1,932.1	$7,490.0	($1,107.9)	(7.3)	($215.4)	$6.2	$8,105.7
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		—	—	—	—	—	—	—	—	—
Stock-based compensation expense		—	—	5.3	—	—	—	—	—	5.3

Repurchases of common stock		—	—	—	—	—	—	—	—	—


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	—	—
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.3)	(0.3)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	—	—

Currency translation adjustment		—	—	—	—	0.1	—	—	—	0.1
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	101.2	—	—	—	—	101.2
Balances as of July 1, 2023		71.0	$0.7	$1,937.4	$7,591.2	($1,107.8)	(7.3)	($215.4)	$5.9	$8,212.0

The following tables reflect the changes in stockholders’ equity for the six months ended June 29, 2024 and July 1, 2023.


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount

Balances as of December 31, 2023		71.0	$0.7	$1,947.5	$6,970.2	($1,080.0)	(7.3)	($215.4)	$6.1	$7,629.1
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		0.2	—	(6.1)	—	—	—	0.1	—	(6.0)
Stock-based compensation expense		—	—	13.6	—	—	—	—	—	13.6

Repurchases of common stock		(0.8)	—	—	(87.8)	—	—	—	—	(87.8)


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.2)	(0.2)
Purchase of noncontrolling interest, net of taxes		—	—	—	—	—	—	—	—	—

Currency translation adjustment		—	—	—	—	(158.7)	—	—	—	(158.7)
Prior pension and post-retirement benefit service cost and actuarial loss		—	—	—	—	—	—	—	—	—

Net earnings		—	—	—	262.4	—	—	—	—	262.4
Balances as of June 29, 2024		70.4	$0.7	$1,955.0	$7,144.8	($1,238.7)	(7.3)	($215.3)	$6.0	$7,652.5


		Total Stockholders’ Equity
		Common Stock		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock		Noncontrolling Interest	Total Stockholders’ Equity
(In millions)	Shares	Amount	Shares				Amount

Balances as of December 31, 2022		70.9	$0.7	$1,930.8	$7,409.8	($1,114.3)	(7.3)	($215.5)	$6.4	$8,017.9
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards		0.1	—	(3.9)	—	—	—	0.1	—	(3.8)
Stock-based compensation expense		—	—	10.4	—	—	—	—	—	10.4

Repurchases of common stock		—	—	—	—	—	—	—	—	—


Net earnings attributable to noncontrolling interests		—	—	—	—	—	—	—	0.1	0.1
Currency translation adjustment on noncontrolling interests		—	—	—	—	—	—	—	(0.4)	(0.4)
Purchase of noncontrolling interest, net of taxes		—	—	0.1	—	—	—	—	(0.2)	(0.1)

Currency translation adjustment		—	—		—	7.0	—	—	—	7.0
Prior pension and post-retirement benefit service cost and actuarial gain		—	—	—	—	(0.5)	—	—	—	(0.5)

Net earnings		—	—	—	181.4	—	—	—	—	181.4
Balances as of July 1, 2023		71.0	$0.7	$1,937.4	$7,591.2	($1,107.8)	(7.3)	($215.4)	$5.9	$8,212.0

- Definition

The entire disclosure for equity.

+ References

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Income Statement [Abstract]
Net sales	$ 2,801.3	$ 2,950.5	$ 5,480.7	$ 5,756.7
Cost of sales	2,077.5	2,218.5	4,107.4	4,381.3
Gross profit	723.8	732.0	1,373.3	1,375.4
Selling, general and administrative expenses	509.8	578.9	1,012.7	1,096.6
Operating income	214.0	153.1	360.6	278.8
Interest expense	12.6	22.9	27.5	40.0
Other (income) and expense, net	1.6	2.2	0.5	1.6
Earnings before income taxes	199.8	128.0	332.6	237.2
Income tax expense	42.3	26.8	70.1	55.7
Net earnings including noncontrolling interests	157.5	101.2	262.5	181.5
Less: net earnings attributable to noncontrolling interests	0.1	0.0	0.1	0.1
Net earnings attributable to Mohawk Industries, Inc.	$ 157.4	$ 101.2	$ 262.4	$ 181.4
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 2.47	$ 1.59	$ 4.12	$ 2.85
Weighted-average common shares outstanding-basic (in shares)	63.6	63.7	63.7	63.6
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 2.46	$ 1.58	$ 4.10	$ 2.84
Weighted-average common shares outstanding-diluted (in shares)	63.9	63.9	64.0	63.9

Goodwill and Intangible Assets - Schedule of Indefinite Life Assets Not Subject to Amortization (Details) - Tradenames $ in Millions	6 Months Ended
	Jun. 29, 2024 USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 705.7
Currency translation during the period	(16.2)
Ending balance	$ 689.5

Other Income and Expense, net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Other Nonoperating Income (Expense) [Abstract]
Foreign currency (gains) losses, net	$ 1.8	$ 6.8	$ 3.9	$ 11.7
All other, net	(0.2)	(4.6)	(3.4)	(10.1)
Total other (income) and expense, net	$ 1.6	$ 2.2	$ 0.5	$ 1.6

Restructuring, Acquisition and Integration-Related Costs - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 29, 2024	Jun. 29, 2024	Jul. 01, 2023	Mar. 30, 2024	Dec. 31, 2023
Restructuring Cost and Reserve [Line Items]
Other restructuring costs		$ 25,100	$ 33,400
Restructuring Reserve	$ 16,300	16,300		$ 9,500	$ 12,100
Restructuring expenses	41,200	47,900
Minimum
Restructuring Cost and Reserve [Line Items]
Other restructuring costs		95,000
Maximum
Restructuring Cost and Reserve [Line Items]
Other restructuring costs		110,000
Pre 2024 Restructuring Projects
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	6,100	6,100
Restructuring expenses	6,200	12,400
2024 Restructuring Projects
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	10,200	10,200
Restructuring expenses	$ 35,000	$ 35,500

- Definition

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.

+ References + Details

Inventories

6 Months Ended

Jun. 29, 2024

Inventory Disclosure [Abstract]

Inventories


(In millions)	June 29, 2024		December 31, 2023
Finished goods	$	1,824.1	1,797.0
Work in process	168.2		164.2
Raw materials	587.6		590.7
Total inventories	$	2,579.9	2,551.9

Revenue from Contracts with Customers

6 Months Ended

Jun. 29, 2024

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Contract Liabilities

The Company records contract liabilities when it receives payment prior to fulfilling a performance obligation. Contract liabilities related to revenues are recorded in accounts payable and accrued expenses on the accompanying Condensed Consolidated Balance Sheets. The revenues related to these performance obligations are expected to be recognized within a twelve-month period. The Company had contract liabilities of $74.5 million and $68.0 million as of June 29, 2024 and December 31, 2023, respectively.

Performance Obligations

Substantially all of the Company’s revenue is recognized at a point in time when the product is either shipped or received from the Company’s facilities and control of the product is transferred to the customer. Accordingly, the Company does not recognize a significant amount of revenue from performance obligations satisfied, or partially satisfied, in prior periods, and the amount of such revenue recognized during the three and six months ended June 29, 2024 and July 1, 2023 was immaterial.

Costs to Obtain a Contract

The Company incurs certain incremental costs to obtain revenue contracts. These costs relate to marketing display structures and are capitalized when the amortization period is greater than one year, with the amount recorded in other assets on the accompanying Condensed Consolidated Balance Sheets. Capitalized costs to obtain contracts were $67.9 million and $66.7 million as of June 29, 2024 and December 31, 2023, respectively. Straight-line amortization expense recognized during the six months ended June 29, 2024 and July 1, 2023 related to these capitalized costs was $31.6 million and $27.5 million, respectively.

Revenue Disaggregation

The Company has three reporting segments: Global Ceramic, Flooring North America (“Flooring NA”) and Flooring Rest of the World (“Flooring ROW”). The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended June 29, 2024 and July 1, 2023:


(In millions)
June 29, 2024	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets:
United States	$	593.4	930.6	2.8	1,526.8
Europe	291.9		0.7	552.4	845.0
Latin America	182.5		1.0	9.2	192.7
Other	47.8		26.2	162.8	236.8
Total	$	1,115.6	958.5	727.2	2,801.3

Product Categories:
Ceramic & Stone	$	1,099.7	6.1	—	1,105.8
Carpet & Resilient	15.9		747.4	223.7	987.0
Laminate & Wood	—		205.0	236.0	441.0
Other (1)	—		—	267.5	267.5
Total	$	1,115.6	958.5	727.2	2,801.3


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets:
United States	$	611.6	973.5	2.3	1,587.4
Europe	297.3		0.1	611.3	908.7
Latin America	198.0		0.7	8.2	206.9
Other	48.5		27.4	171.6	247.5
Total	$	1,155.4	1,001.7	793.4	2,950.5

Product Categories:
Ceramic & Stone	$	1,145.3	9.9	—	1,155.2
Carpet & Resilient	10.1		791.3	235.4	1,036.8
Laminate & Wood	—		200.5	253.8	454.3
Other (1)	—		—	304.2	304.2
Total	$	1,155.4	1,001.7	793.4	2,950.5

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


(In millions)
June 29, 2024	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,153.7	1,800.4	4.5	2,958.6
Europe	547.4		1.3	1,118.0	1,666.7
Latin America	367.6		2.0	19.1	388.7
Other	91.7		55.0	320.0	466.7
Total	$	2,160.4	1,858.7	1,461.6	5,480.7

Product Categories
Ceramic & Stone	$	2,131.9	12.0	—	2,143.9
Carpet & Resilient	28.5		1,447.5	437.9	1,913.9
Laminate & Wood	—		399.2	468.2	867.4
Other (1)	—		—	555.5	555.5
Total	$	2,160.4	1,858.7	1,461.6	5,480.7


July 1, 2023	Global Ceramic		Flooring NA	Flooring ROW	Total
Geographical Markets
United States	$	1,208.2	1,899.3	3.5	3,111.0
Europe	570.8		0.3	1,242.9	1,814.0
Latin America	342.3		1.6	14.6	358.5
Other	93.4		53.9	325.9	473.2
Total	$	2,214.7	1,955.1	1,586.9	5,756.7

Product Categories
Ceramic & Stone	$	2,195.4	18.5	—	2,213.9
Carpet & Resilient	19.3		1,541.8	317.0	1,878.1
Laminate & Wood	—		394.8	646.9	1,041.7
Other (1)	—		—	623.0	623.0
Total	$	2,214.7	1,955.1	1,586.9	5,756.7

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

- Definition

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

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+ Details

Segment Reporting

6 Months Ended

Jun. 29, 2024

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 distributed through various channels, including home centers, Company-owned service centers and stores, floor covering retailers, ceramic tile specialists, e-commerce retailers, residential builders, independent distributors, commercial contractors and commercial end users. Flooring NA designs, markets, manufactures, distributes and sources its floor covering product lines, including carpets, rugs, carpet pad, laminate, resilient (including sheet vinyl and luxury vinyl tile (“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 floor covering retailers, home centers, mass merchandisers, department stores, e-commerce retailers, shop at home, buying groups, residential builders, independent distributors, commercial contractors and commercial end users. Flooring ROW designs, markets, manufactures, licenses, distributes and sources laminate, LVT, sheet vinyl, wood flooring, broadloom carpet, carpet tiles, roofing elements, insulation boards, medium-density fiberboard (“MDF”), chipboards, decorative panels and other wood products, which it distributes primarily in Europe and Australasia through various selling channels, which include floor retailers, wholesalers, home centers, Company-operated distributors, residential builders, independent distributors, commercial contractors and commercial end users.

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.


	Three Months Ended			Six Months Ended
(In millions)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Net sales:
Global Ceramic	$	1,115.6	1,155.4	2,160.4	2,214.7
Flooring NA	958.5		1,001.7	1,858.7	1,955.1
Flooring ROW	727.2		793.4	1,461.6	1,586.9

Total	$	2,801.3	2,950.5	5,480.7	5,756.7

Operating income (loss):
Global Ceramic	$	83.1	84.0	131.9	147.3
Flooring NA	78.3		37.2	123.3	35.2
Flooring ROW	65.6		87.0	136.5	162.2
Corporate and intersegment eliminations	(13.0)		(55.1)	(31.1)	(65.9)
Total	$	214.0	153.1	360.6	278.8


(In millions)	June 29, 2024		December 31, 2023
Assets:
Global Ceramic	$	4,931.5	4,988.3
Flooring NA	3,940.2		3,909.9
Flooring ROW	3,899.2		4,051.6
Corporate and intersegment eliminations	508.7		610.0
Total	$	13,279.6	13,559.8

- Definition

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

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+ Details

Restructuring, Acquisition and Integration-Related Costs - Schedule of Restructuring, Acquisition Transaction and Integration-Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 41,200		$ 47,900
Cost of sales:
Restructuring Cost and Reserve [Line Items]
Restructuring costs	35,200	$ 29,500	40,600	$ 58,600
Acquisition integration-related costs	0	900	100	900
Restructuring, acquisition transaction and integration-related costs	35,200	30,400	40,700	59,500
Selling, general and administrative expenses:
Restructuring Cost and Reserve [Line Items]
Restructuring costs	6,000	5,600	7,300	5,800
Acquisition integration-related costs	100	4,700	1,100	7,100
Acquisition transaction-related costs	100	1,000	200	1,300
Restructuring, acquisition transaction and integration-related costs	$ 6,200	$ 11,300	$ 8,600	$ 14,200

- Definition

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.

+ References + Details

Receivables, net (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 31, 2023
Receivables [Abstract]
Customers, trade	$ 1,905.2	$ 1,716.3
Income tax receivable	35.1	48.4
Other	143.7	176.8
Less: allowance for discounts, claims and doubtful accounts	65.5	66.8
Receivables, net	$ 2,018.5	$ 1,874.7

General	6 Months Ended
General	Jun. 29, 2024
Accounting Policies [Abstract]
General	General Unless this Form 10-Q indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Mohawk,” or “the Company” as used in this Form 10-Q refer to Mohawk Industries, Inc. Interim Reporting The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the Consolidated Financial Statements and notes thereto, and the Company’s description of critical accounting policies, included in the Company’s 2023 Annual Report on Form 10-K, as filed with the Securities and Exchange Commission. Results for interim periods are not necessarily indicative of the results for the year. 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 of the new guidance. On December 14, 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures, which 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. The Company is currently evaluating the impact of the new guidance.

Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 29, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The components of goodwill and other intangible assets are as follows:

Goodwill:


(In millions)	Global Ceramic		Flooring NA	Flooring ROW	Total



Balance as of December 31, 2023 (1)	$	—	372.3	787.4	1,159.7



Currency translation	—		—	(23.0)	(23.0)




Balance as of June 29, 2024	$	—	372.3	764.4	1,136.7

(1) Net of accumulated impairment losses of $2,886.7 ($1,644.7 in Global Ceramic, $557.9 in Flooring NA and $684.1 in Flooring ROW).

Schedule of Indefinite Life Assets Not Subject to Amortization

Intangible assets not subject to amortization:


(In millions)	Tradenames
Balance as of December 31, 2023	$	705.7


Currency translation during the period	(16.2)
Balance as of June 29, 2024	$	689.5

Schedule of Intangible Assets Subject to Amortization

Intangible assets subject to amortization:


(In millions)	Customer Relationships		Patents	Other	Total




Balance as of December 31, 2023
Gross carrying amount	$	691.5	249.7	8.7	949.9
Accumulated amortization	(531.0)		(247.2)	(2.1)	(780.3)
Net intangible assets subject to amortization	160.5		2.5	6.6	169.6
Balance as of June 29, 2024
Gross carrying amount	677.4		242.4	8.6	928.4
Accumulated amortization	(534.0)		(240.2)	(2.3)	(776.5)
Net intangible assets subject to amortization	$	143.4	2.2	6.3	151.9

Schedule of Intangible Assets Amortization Expense

Three Months Ended

Six Months Ended

(In millions)

June 29, 2024

July 1, 2023

June 29, 2024

July 1, 2023

Amortization expense

7.0

7.1

13.7

14.2

- Definition

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

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+ Details

Debt - Senior Credit Facility (Details)			6 Months Ended
Debt - Senior Credit Facility (Details)	Aug. 12, 2022 USD ($)	Oct. 18, 2019 time	Jun. 29, 2024 USD ($)	Oct. 18, 2024 USD ($)	Dec. 31, 2022 USD ($)
Secured 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					$ 2,700,000
Utilized borrowings under credit facility			$ 699,100,000
Available amount under credit facility			1,250,900,000
Secured Credit Facility \| Borrowings
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility			0
Secured Credit Facility \| Standby Letters of Credit
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility			$ 700,000
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
Maximum commitment amount	$ 600,000,000.0
Commitment fee percentage			0.11%
Unamortized financing costs					$ 1,900,000
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 \| SOFR
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 percentage	0.09%
2022 Amended Senior Secured Credit Facility \| Minimum \| SOFR
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 percentage	0.20%
2022 Amended Senior Secured Credit Facility \| Maximum \| SOFR
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%

Stockholders' Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)			71.0
Beginning balance	$ 7,647.8	$ 8,105.7	$ 7,629.1	$ 8,017.9
Beginning balance, treasury stock (in shares)			(7.3)
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	(0.9)		$ (6.0)	(3.8)
Stock-based compensation expense	6.8	5.3	13.6	10.4
Repurchases of common stock	(87.8)		(87.8)
Net earnings attributable to noncontrolling interests	0.1		0.1	0.1
Currency translation adjustment on non-controlling interests	(0.1)	(0.3)	(0.2)	(0.4)
Purchase of noncontrolling interest, net of taxes	0.1			(0.1)
Currency translation adjustment	(70.9)	0.1	(158.7)	7.0
Prior pension and post-retirement benefit service cost and actuarial gain (loss)	0.0	0.0	0.0	(0.5)
Net earnings	$ 157.4	101.2	$ 262.4	181.4
Ending balance (in shares)	70.4		70.4
Ending balance	$ 7,652.5	$ 8,212.0	$ 7,652.5	$ 8,212.0
Ending balance, treasury stock (in shares)	(7.3)		(7.3)
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	71.2	71.0	71.0	70.9
Beginning balance	$ 0.7	$ 0.7	$ 0.7	$ 0.7
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards (in shares)			0.2	0.1
Repurchases of common stock (in shares)	(0.8)		(0.8)
Ending balance (in shares)	70.4	71.0	70.4	71.0
Ending balance	$ 0.7	$ 0.7	$ 0.7	$ 0.7
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,949.1	1,932.1	1,947.5	1,930.8
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards	(0.9)		(6.1)	(3.9)
Stock-based compensation expense	6.8	5.3	13.6	10.4
Purchase of noncontrolling interest, net of taxes				0.1
Ending balance	1,955.0	1,937.4	1,955.0	1,937.4
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	7,075.2	7,490.0	6,970.2	7,409.8
Repurchases of common stock	(87.8)		(87.8)
Net earnings	157.4	101.2	262.4	181.4
Ending balance	7,144.8	7,591.2	7,144.8	7,591.2
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(1,167.8)	(1,107.9)	(1,080.0)	(1,114.3)
Currency translation adjustment	(70.9)	0.1	(158.7)	7.0
Prior pension and post-retirement benefit service cost and actuarial gain (loss)				(0.5)
Ending balance	(1,238.7)	(1,107.8)	(1,238.7)	(1,107.8)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (215.3)	$ (215.4)	$ (215.4)	$ (215.5)
Beginning balance, treasury stock (in shares)	(7.3)	(7.3)	(7.3)	(7.3)
Shares issued under employee and director stock plans, net of shares withheld to pay taxes on employees’ equity awards			$ 0.1	$ 0.1
Ending balance	$ (215.3)	$ (215.4)	$ (215.3)	$ (215.4)
Ending balance, treasury stock (in shares)	(7.3)	(7.3)	(7.3)	(7.3)
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 5.9	$ 6.2	$ 6.1	$ 6.4
Net earnings attributable to noncontrolling interests	0.1		0.1	0.1
Currency translation adjustment on non-controlling interests	(0.1)	(0.3)	(0.2)	(0.4)
Purchase of noncontrolling interest, net of taxes	0.1			(0.2)
Ending balance	$ 6.0	$ 5.9	$ 6.0	$ 5.9

Earnings Per Share

6 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per common share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per common share assumes the vesting of RSUs using the treasury stock method when the effects of such assumptions are dilutive. A reconciliation of net earnings attributable to Mohawk Industries, Inc. and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows:


	Three Months Ended			Six Months Ended
(In millions, except per share data)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Net earnings attributable to Mohawk Industries, Inc.	$	157.4	101.2	262.4	181.4



Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63.6		63.7	63.7	63.6
Add dilutive potential common shares—RSUs	0.3		0.2	0.3	0.3
Weighted-average common shares outstanding—diluted	63.9		63.9	64.0	63.9

Earnings per share attributable to Mohawk Industries, Inc.
Basic	$	2.47	1.59	4.12	2.85
Diluted	$	2.46	1.58	4.10	2.84

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 42.3	$ 26.8	$ 70.1	$ 55.7
Earnings (loss) before income taxes	$ 199.8	$ 128.0	$ 332.6	$ 237.2
Effective tax rate	21.20%	20.90%	21.10%	23.50%

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
-Name Accounting Standards Codification
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+ Details

Debt (Tables)

6 Months Ended

Jun. 29, 2024

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:


	June 29, 2024			December 31, 2023
(In millions)	Fair Value		Carrying Value	Fair Value	Carrying Value
1.750% Senior Notes, payable June 12, 2027; interest payable annually	$	508.0	535.6	521.9	551.9
3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually	457.0		500.0	464.0	500.0
5.85% Senior Notes, payable September 18, 2028; interest payable semi-annually	612.0		600.0	622.9	600.0




U.S. commercial paper	385.0		385.0	—	—
European commercial paper	313.4		313.4	—	—
Senior Credit Facility, payable August 12, 2027	—		—	67.1	67.1
U.S. Term Loan Facility	—		—	675.0	675.0
European Term Loan Facility	—		—	242.8	242.8
Finance leases and other	85.1		85.1	77.7	77.7
Unamortized debt issuance costs	(9.6)		(9.6)	(11.0)	(11.0)
Total debt	2,350.9		2,409.5	2,660.4	2,703.5
Less: current portion of long term-debt and commercial paper	718.0		718.0	1,001.7	1,001.7
Long-term debt, less current portion	$	1,632.9	1,691.5	1,658.7	1,701.8

Debt - Commercial Paper (Details) - USD ($)			6 Months Ended
Debt - Commercial Paper (Details) - USD ($)	Jul. 31, 2015	Feb. 28, 2014	Jun. 29, 2024	Dec. 31, 2023	Oct. 18, 2019
United States \| Carrying Value
Line of Credit Facility [Line Items]
Commercial paper			$ 385,000,000.0	$ 0
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
United States \| Commercial Paper \| Carrying Value
Line of Credit Facility [Line Items]
Maturity period of debt			21 years 7 months 13 days
Weighted average interest rate on debt (as a percent)			5.51%
Europe \| Carrying Value
Line of Credit Facility [Line Items]
Commercial paper			$ 313,400,000	$ 0
Europe \| Commercial Paper
Line of Credit Facility [Line Items]
Maturity period of debt	183 days
Europe \| Commercial Paper \| Carrying Value
Line of Credit Facility [Line Items]
Maturity period of debt			28 years 8 months 1 day
Weighted average interest rate on debt (as a percent)			3.90%

Earnings Per Share (Tables)

6 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

A reconciliation of net earnings attributable to Mohawk Industries, Inc. and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows:


	Three Months Ended			Six Months Ended
(In millions, except per share data)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Net earnings attributable to Mohawk Industries, Inc.	$	157.4	101.2	262.4	181.4



Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63.6		63.7	63.7	63.6
Add dilutive potential common shares—RSUs	0.3		0.2	0.3	0.3
Weighted-average common shares outstanding—diluted	63.9		63.9	64.0	63.9

Earnings per share attributable to Mohawk Industries, Inc.
Basic	$	2.47	1.59	4.12	2.85
Diluted	$	2.46	1.58	4.10	2.84

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Millions	Jun. 29, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Outstanding checks in excess of cash	$ 0.6	$ 2.2
Accounts payable, trade	1,082.8	1,038.0
Accrued expenses	708.5	667.7
Product warranties	33.8	37.6
Accrued interest	14.0	20.1
Accrued compensation and benefits	270.1	269.7
Total accounts payable and accrued expenses	$ 2,109.8	$ 2,035.3

Other Income and Expense, net (Tables)

6 Months Ended

Jun. 29, 2024

Other Nonoperating Income (Expense) [Abstract]

Schedule of Other Income and Expense, net


	Three Months Ended			Six Months Ended
(In millions)	June 29, 2024		July 1, 2023	June 29, 2024	July 1, 2023
Foreign currency (gains) losses, net	$	1.8	6.8	3.9	11.7





All other, net	(0.2)		(4.6)	(3.4)	(10.1)
Total other (income) and expense, net	$	1.6	2.2	0.5	1.6

Restructuring, Acquisition and Integration-Related Costs - Schedule of Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 29, 2024	Jul. 01, 2023	Jun. 29, 2024	Jul. 01, 2023
Restructuring Reserve [Roll Forward]
Beginning balance	$ 9,500		$ 12,100
Restructuring costs	41,200		47,900
Cash payments	(6,700)		(11,400)
Non-cash items	(27,700)		(32,300)
Ending balance	16,300		16,300
Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	35,200	$ 29,500	40,600	$ 58,600
Selling, general and administrative expenses:
Restructuring Reserve [Roll Forward]
Restructuring costs	6,000	$ 5,600	7,300	$ 5,800
Asset Write- Downs and (Gains) on Disposals, net
Restructuring Reserve [Roll Forward]
Beginning balance	0		0
Restructuring costs	27,600		31,900
Cash payments	0		0
Non-cash items	(27,600)		(31,900)
Ending balance	0		0
Asset Write- Downs and (Gains) on Disposals, net \| Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	27,600		31,900
Asset Write- Downs and (Gains) on Disposals, net \| Selling, general and administrative expenses:
Restructuring Reserve [Roll Forward]
Restructuring costs	0		0
Severance
Restructuring Reserve [Roll Forward]
Beginning balance	9,500		12,100
Restructuring costs	12,200		12,800
Cash payments	(5,300)		(8,300)
Non-cash items	(100)		(300)
Ending balance	16,300		16,300
Severance \| Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	6,600		6,700
Severance \| Selling, general and administrative expenses:
Restructuring Reserve [Roll Forward]
Restructuring costs	5,600		6,100
Other Restructuring Costs
Restructuring Reserve [Roll Forward]
Beginning balance	0		0
Restructuring costs	1,400		3,200
Cash payments	(1,400)		(3,100)
Non-cash items	0		(100)
Ending balance	0		0
Other Restructuring Costs \| Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	1,000		2,000
Other Restructuring Costs \| Selling, general and administrative expenses:
Restructuring Reserve [Roll Forward]
Restructuring costs	400		1,200
Operating segments \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	11,600		14,700
Operating segments \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	3,700		4,500
Operating segments \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	25,600		28,400
Operating segments \| Asset Write- Downs and (Gains) on Disposals, net \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	7,200		9,200
Operating segments \| Asset Write- Downs and (Gains) on Disposals, net \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	1,700		1,700
Operating segments \| Asset Write- Downs and (Gains) on Disposals, net \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	18,700		21,000
Operating segments \| Severance \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	5,000		5,500
Operating segments \| Severance \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	0		0
Operating segments \| Severance \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	6,900		7,000
Operating segments \| Other Restructuring Costs \| Global Ceramic
Restructuring Reserve [Roll Forward]
Restructuring costs	(600)		0
Operating segments \| Other Restructuring Costs \| Flooring NA
Restructuring Reserve [Roll Forward]
Restructuring costs	2,000		2,800
Operating segments \| Other Restructuring Costs \| Flooring ROW
Restructuring Reserve [Roll Forward]
Restructuring costs	0		400
Corporate
Restructuring Reserve [Roll Forward]
Restructuring costs	300		300
Corporate \| Asset Write- Downs and (Gains) on Disposals, net
Restructuring Reserve [Roll Forward]
Restructuring costs	0		0
Corporate \| Severance
Restructuring Reserve [Roll Forward]
Restructuring costs	300		300
Corporate \| Other Restructuring Costs
Restructuring Reserve [Roll Forward]
Restructuring costs	$ 0		$ 0