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As Of Filer Filing For·On·As Docs:Size 10/28/22 Mohawk Industries Inc. 10-Q 10/01/22 88:9.4M |
Document/Exhibit Description Pages Size
1: 10-Q Quarterly Report HTML 1.87M
2: EX-10.3 Material Contract HTML 59K
7: EX-95.1 Mine-Safety Disclosure HTML 28K
3: EX-31.1 Certification -- §302 - SOA'02 HTML 27K
4: EX-31.2 Certification -- §302 - SOA'02 HTML 27K
5: EX-32.1 Certification -- §906 - SOA'02 HTML 24K
6: EX-32.2 Certification -- §906 - SOA'02 HTML 24K
13: R1 Cover Page HTML 75K
14: R2 Condensed Consolidated Balance Sheets HTML 158K
15: R3 Condensed Consolidated Balance Sheets HTML 40K
(Parenthetical)
16: R4 Condensed Consolidated Statements of Operations HTML 109K
17: R5 Condensed Consolidated Statements of Comprehensive HTML 59K
Income (Loss)
18: R6 Condensed Consolidated Statements of Cash Flows HTML 111K
19: R7 General HTML 29K
20: R8 Acquisitions HTML 26K
21: R9 Revenue from Contracts with Customers HTML 125K
22: R10 Restructuring, Acquisition and Integration-Related HTML 100K
Costs
23: R11 Fair Value HTML 30K
24: R12 Receivables, net HTML 32K
25: R13 Inventories HTML 30K
26: R14 Goodwill and Intangible Assets HTML 84K
27: R15 Accounts Payable and Accrued Expenses HTML 33K
28: R16 Accumulated Other Comprehensive Income (Loss) HTML 215K
29: R17 Stock-Based Compensation HTML 27K
30: R18 Other Expense (Income), net HTML 38K
31: R19 Income Taxes HTML 27K
32: R20 Stockholders' Equity HTML 215K
33: R21 (Loss) Earnings??Per Share HTML 44K
34: R22 Segment Reporting HTML 60K
35: R23 Commitments and Contingencies HTML 48K
36: R24 Debt HTML 70K
37: R25 Consolidated Statements of Cash Flows Information HTML 45K
38: R26 Subsequent Events HTML 25K
39: R27 General (Policies) HTML 30K
40: R28 Revenue from Contracts with Customers (Tables) HTML 119K
41: R29 Restructuring, Acquisition and Integration-Related HTML 101K
Costs (Tables)
42: R30 Fair Value (Tables) HTML 29K
43: R31 Receivables, net (Tables) HTML 32K
44: R32 Inventories (Tables) HTML 31K
45: R33 Goodwill and Intangible Assets (Tables) HTML 89K
46: R34 Accounts Payable and Accrued Expenses (Tables) HTML 33K
47: R35 Accumulated Other Comprehensive Income (Loss) HTML 32K
(Tables)
48: R36 Other Expense (Income), net (Tables) HTML 38K
49: R37 Stockholders' Equity (Tables) HTML 203K
50: R38 (Loss) Earnings??Per Share (Tables) HTML 43K
51: R39 Segment Reporting (Tables) HTML 54K
52: R40 Debt (Tables) HTML 48K
53: R41 Consolidated Statements of Cash Flows Information HTML 44K
(Tables)
54: R42 General (Details) HTML 37K
55: R43 Acquisitions (Details) HTML 50K
56: R44 Revenue from Contracts with Customers - Narrative HTML 32K
(Details)
57: R45 Revenue from Contracts with Customers - Summary of HTML 89K
Disaggregated Revenue (Details)
58: R46 Restructuring, Acquisition and Integration-Related HTML 38K
Costs - Schedule of Restructuring, Acquisition
Transaction and Integration-Related Costs
(Details)
59: R47 Restructuring, Acquisition and Integration-Related HTML 77K
Costs - Restructuring Activity (Details)
60: R48 Fair Value - Schedule of Fair Value Measurements HTML 29K
(Details)
61: R49 Receivables, net (Details) HTML 36K
62: R50 Inventories (Details) HTML 31K
63: R51 Goodwill and Intangible Assets - Narrative HTML 42K
(Details)
64: R52 Goodwill and Intangible Assets - Schedule of HTML 56K
Goodwill (Details)
65: R53 Goodwill and Intangible Assets - Schedule of HTML 31K
Indefinite Life Assets Not Subject to Amortization
(Details)
66: R54 Goodwill and Intangible Assets - Schedule of HTML 60K
Intangible Assets Subject to Amortization
(Details)
67: R55 Goodwill and Intangible Assets - Schedule of HTML 25K
Intangible Assets Amortization Expense (Details)
68: R56 Accounts Payable and Accrued Expenses (Details) HTML 38K
69: R57 Accumulated Other Comprehensive Income (Loss) HTML 45K
(Details)
70: R58 Stock-Based Compensation (Details) HTML 38K
71: R59 Other Expense (Income), net (Details) HTML 33K
72: R60 Income Taxes (Details) HTML 34K
73: R61 Stockholders' Equity (Details) HTML 106K
74: R62 (Loss) Earnings??Per Share (Details) HTML 61K
75: R63 Segment Reporting (Details) HTML 62K
76: R64 Commitments and Contingencies (Details) HTML 46K
77: R65 Debt - Senior Credit Facility (Details) HTML 85K
78: R66 Debt - Commercial Paper (Details) HTML 41K
79: R67 Debt - Senior Notes (Details) HTML 42K
80: R68 Debt - Term Loan (Details) HTML 56K
81: R69 Debt - Fair Value and Carrying Value of Debt HTML 75K
Instruments (Details)
82: R70 Consolidated Statements of Cash Flows Information HTML 43K
(Details)
83: R71 Subsequent Events (Details) HTML 28K
86: XML IDEA XML File -- Filing Summary XML 155K
84: XML XBRL Instance -- mhk-20221001_htm XML 3.01M
85: EXCEL IDEA Workbook of Financial Reports XLSX 152K
9: EX-101.CAL XBRL Calculations -- mhk-20221001_cal XML 192K
10: EX-101.DEF XBRL Definitions -- mhk-20221001_def XML 501K
11: EX-101.LAB XBRL Labels -- mhk-20221001_lab XML 1.41M
12: EX-101.PRE XBRL Presentations -- mhk-20221001_pre XML 868K
8: EX-101.SCH XBRL Schema -- mhk-20221001 XSD 150K
87: JSON XBRL Instance as JSON Data -- MetaLinks 389± 571K
88: ZIP XBRL Zipped Folder -- 0000851968-22-000091-xbrl Zip 400K
| mhk-20221001 |
| i ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||
| i ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | ||||
| i Delaware | i 52-1604305 | |||||||||||||
| (State
or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
| i 160 S. Industrial Blvd. | i Calhoun | i Georgia | i 30701 | |||||||||||
| (Address of principal executive offices) | (Zip Code) | |||||||||||||
| Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||||||
| i Common Stock, $.01 par value | i MHK | i New York Stock Exchange | ||||||
| i Large accelerated filer | x | Accelerated filer | ¨ | |||||||||||
| Non-accelerated filer | ¨ | Smaller reporting company | i ¨ | |||||||||||
| Emerging growth company | i ¨ | |||||||||||||
| Page No | ||||||||
| Part I. | ||||||||
| Item 1. | ||||||||
| Item 2. | ||||||||
| Item 3. | ||||||||
| Item 4. | ||||||||
| Part II. | ||||||||
| Item 1. | ||||||||
| Item 1A. | ||||||||
| Item 2. | ||||||||
| Item 3. | ||||||||
| Item 4. | ||||||||
| Item 5. | ||||||||
| Item 6. | ||||||||
| October
1, 2022 | December 31, 2021 | ||||||||||
| (In thousands, except per share data) | |||||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | i 326,971 | i 268,895 | ||||||||
| Short-term investments | i 110,000 | i 323,000 | |||||||||
| Receivables, net | i 2,003,261 | i 1,839,985 | |||||||||
| Inventories | i 2,900,116 | i 2,391,672 | |||||||||
| Prepaid expenses | i 495,226 | i 394,649 | |||||||||
| Other current assets | i 18,755 | i 20,156 | |||||||||
| Total current assets | i 5,854,329 | i 5,238,357 | |||||||||
| Property, plant and equipment | i 9,342,898 | i 9,250,587 | |||||||||
| Less: accumulated depreciation | i 4,818,362 | i 4,613,722 | |||||||||
| Property, plant and equipment, net | i 4,524,536 | i 4,636,865 | |||||||||
| Right of use operating lease assets | i 400,412 | i 389,967 | |||||||||
| Goodwill | i 1,827,968 | i 2,607,909 | |||||||||
| Tradenames | i 646,661 | i 694,905 | |||||||||
| Other intangible assets subject to amortization, net | i 176,439 | i 205,075 | |||||||||
| Deferred income taxes and other non-current assets | i 370,689 | i 451,439 | |||||||||
| Total assets | $ | i 13,801,034 | i 14,224,517 | ||||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Short-term debt and current portion of long-term debt | $ | i 1,542,139 | i 624,503 | ||||||||
| Accounts payable and accrued expenses | i 2,256,097 | i 2,217,418 | |||||||||
| Current operating lease liabilities | i 106,511 | i 104,434 | |||||||||
| Total current liabilities | i 3,904,747 | i 2,946,355 | |||||||||
| Deferred income taxes | i 430,888 | i 495,521 | |||||||||
| Long-term debt, less current portion | i 1,019,984 | i 1,700,282 | |||||||||
| Non-current operating lease liabilities | i 306,617 | i 297,390 | |||||||||
| Other long-term liabilities | i 313,741 | i 356,753 | |||||||||
| Total liabilities | i 5,975,977 | i 5,796,301 | |||||||||
| Commitments and contingencies (Note 17) | i | i | |||||||||
| Stockholders’ equity: | |||||||||||
Preferred stock, $ i i .01 /
par value; i i 60 / shares authorized; i i no /
shares issued | i — | i — | |||||||||
Common
stock, $ i i .01 / par value; i i 150,000 /
shares authorized; i i 70,875 / and i i 72,952 /
shares issued and outstanding in 2022 and 2021, respectively | i 709 | i 729 | |||||||||
| Additional paid-in capital | i 1,925,894 | i 1,911,131 | |||||||||
| Retained earnings | i 7,376,304 | i 7,692,064 | |||||||||
| Accumulated other comprehensive loss | ( i 1,268,663) | ( i 966,952) | |||||||||
| i 8,034,244 | i 8,636,972 | ||||||||||
Less:
treasury stock at cost; i 7,341 and i 7,343 shares in 2022 and 2021, respectively | i 215,491 | i 215,547 | |||||||||
| Total Mohawk Industries, Inc. stockholders’ equity | i 7,818,753 | i 8,421,425 | |||||||||
| Nonredeemable noncontrolling interests | i 6,304 | i 6,791 | |||||||||
| Total stockholders’ equity | i 7,825,057 | i 8,428,216 | |||||||||
| Total liabilities and stockholders’ equity | $ | i 13,801,034 | i 14,224,517 | ||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| October 1, 2022 | October 2, 2021 | October 1, 2022 | October 2, 2021 | ||||||||||||||||||||
| (In thousands, except per share data) | |||||||||||||||||||||||
| Net sales | $ | i 2,917,539 | i 2,817,017 | i 9,086,390 | i 8,439,876 | ||||||||||||||||||
| Cost of sales | i 2,203,878 | i 1,979,702 | i 6,697,404 | i 5,908,585 | |||||||||||||||||||
| Gross profit | i 713,661 | i 837,315 | i 2,388,986 | i 2,531,291 | |||||||||||||||||||
| Selling, general and administrative expenses | i 523,479 | i 477,341 | i 1,510,076 | i 1,449,378 | |||||||||||||||||||
| Impairment of goodwill and indefinite-lived intangibles | i 695,771 | i — | i 695,771 | i — | |||||||||||||||||||
| Operating (loss) income | ( i 505,589) | i 359,974 | i 183,139 | i 1,081,913 | |||||||||||||||||||
| Interest expense | i 13,797 | i 14,948 | i 37,337 | i 45,083 | |||||||||||||||||||
| Other (income) expense, net | ( i 1,242) | i 21 | ( i 1,622) | ( i 13,374) | |||||||||||||||||||
| (Loss) earnings before income taxes | ( i 518,144) | i 345,005 | i 147,424 | i 1,050,204 | |||||||||||||||||||
| Income tax expense | i 15,569 | i 73,821 | i 155,193 | i 205,756 | |||||||||||||||||||
| Net (loss) earnings including noncontrolling interests | ( i 533,713) | i 271,184 | ( i 7,769) | i 844,448 | |||||||||||||||||||
| Net earnings attributable to noncontrolling interests | i 256 | i 206 | i 440 | i 378 | |||||||||||||||||||
| Net (loss) earnings attributable to Mohawk Industries, Inc. | $ | ( i 533,969) | i 270,978 | ( i 8,209) | i 844,070 | ||||||||||||||||||
| Basic (loss) earnings per share attributable to Mohawk Industries, Inc. | |||||||||||||||||||||||
| Basic (loss) earnings per share attributable to Mohawk Industries, Inc. | $ | ( i 8.40) | i 3.95 | ( i 0.13) | i 12.16 | ||||||||||||||||||
| Weighted-average common shares outstanding—basic | i 63,534 | i 68,541 | i 63,923 | i 69,389 | |||||||||||||||||||
| Diluted (loss) earnings per share attributable to Mohawk Industries, Inc. | |||||||||||||||||||||||
| Diluted (loss) earnings per share attributable to Mohawk Industries, Inc. | $ | ( i 8.40) | i 3.93 | ( i 0.13) | i 12.11 | ||||||||||||||||||
| Weighted-average common shares outstanding—diluted | i 63,534 | i 68,864 | i 63,923 | i 69,683 | |||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| October 1, 2022 | October 2, 2021 | October 1, 2022 | October 2, 2021 | ||||||||||||||||||||
| (In thousands) | |||||||||||||||||||||||
| Net (loss) earnings including noncontrolling interests | $ | ( i 533,713) | i 271,184 | ( i 7,769) | i 844,448 | ||||||||||||||||||
| Other comprehensive (loss) income: | |||||||||||||||||||||||
| Foreign currency translation adjustments | ( i 254,002) | ( i 91,318) | ( i 302,384) | ( i 178,077) | |||||||||||||||||||
| Prior pension and post-retirement benefit service cost and actuarial gain, net of tax | i 65 | i 108 | i 672 | i 316 | |||||||||||||||||||
| Other comprehensive (loss) income | ( i 253,937) | ( i 91,210) | ( i 301,712) | ( i 177,761) | |||||||||||||||||||
| Comprehensive (loss) income | ( i 787,650) | i 179,974 | ( i 309,481) | i 666,687 | |||||||||||||||||||
| Comprehensive (loss) income attributable to noncontrolling interests | ( i 16) | i 107 | i 439 | i 88 | |||||||||||||||||||
| Comprehensive (loss) income attributable to Mohawk Industries, Inc. | $ | ( i 787,634) | i 179,867 | ( i 309,920) | i 666,599 | ||||||||||||||||||
| Nine Months Ended | |||||||||||
| October 1, 2022 | October 2, 2021 | ||||||||||
| (In thousands) | |||||||||||
| Cash flows from operating activities: | |||||||||||
| Net (loss) earnings including noncontrolling interests | $ | ( i 7,769) | i 844,448 | ||||||||
| Adjustments to reconcile net (loss) earnings to net cash provided by operating activities: | |||||||||||
| Restructuring | i 21,673 | i 7,410 | |||||||||
| Impairment of goodwill and indefinite-lived intangibles | i 695,771 | i — | |||||||||
| Depreciation and amortization | i 436,449 | i 448,299 | |||||||||
| Deferred income taxes | ( i 47,846) | ( i 52,304) | |||||||||
| Loss on disposal of property, plant and equipment | i 591 | i 1,161 | |||||||||
| Stock-based compensation expense | i 17,488 | i 19,411 | |||||||||
| Changes in operating assets and liabilities, net of effects of acquisitions: | |||||||||||
| Receivables, net | ( i 267,546) | ( i 275,952) | |||||||||
| Inventories | ( i 548,711) | ( i 330,745) | |||||||||
| Accounts payable and accrued expenses | i 162,841 | i 381,634 | |||||||||
| Other assets and prepaid expenses | ( i 41,678) | ( i 23,860) | |||||||||
| Other liabilities | i 6,172 | i 77,233 | |||||||||
| Net cash provided by operating activities | i 427,435 | i 1,096,735 | |||||||||
| Cash flows from investing activities: | |||||||||||
| Additions to property, plant and equipment | ( i 430,084) | ( i 375,179) | |||||||||
| Acquisitions, net of cash acquired | ( i 157,274) | ( i 77,187) | |||||||||
| Purchases of short-term investments | ( i 2,233,000) | ( i 778,239) | |||||||||
| Redemption of short-term investments | i 2,446,000 | i 1,344,574 | |||||||||
| Net cash (used in) provided by investing activities | ( i 374,358) | i 113,969 | |||||||||
| Cash flows from financing activities: | |||||||||||
| Payments on Senior Credit Facilities | ( i 5,000) | i — | |||||||||
| Proceeds from Senior Credit Facilities | i 5,000 | i — | |||||||||
| Payments on commercial paper | ( i 12,542,311) | ( i 94,820) | |||||||||
| Proceeds from commercial paper | i 12,866,175 | i 94,605 | |||||||||
| Repayments on Senior Notes | i — | ( i 352,609) | |||||||||
| Net payments of other financing activities | ( i 16,061) | ( i 7,874) | |||||||||
| Debt issuance costs | ( i 1,621) | i — | |||||||||
| Purchase of Mohawk common stock | ( i 307,572) | ( i 473,334) | |||||||||
| Change in outstanding checks in excess of cash | ( i 1,588) | ( i 921) | |||||||||
| Net cash used in financing activities | ( i 2,978) | ( i 834,953) | |||||||||
| Effect of exchange rate changes on cash and cash equivalents | i 7,977 | ( i 16,349) | |||||||||
| Net change in cash and cash equivalents | i 58,076 | i 359,402 | |||||||||
| Cash and cash equivalents, beginning of period | i 268,895 | i 768,625 | |||||||||
| Cash and cash equivalents, end of period | $ | i 326,971 | i 1,128,027 | ||||||||
| October 1, 2022 | Global Ceramic Segment | Flooring NA Segment | Flooring ROW Segment | Total | |||||||||||||||||||
| Geographical Markets | |||||||||||||||||||||||
| United States | $ | i 614,460 | i 1,056,596 | i 3,784 | i 1,674,840 | ||||||||||||||||||
| Europe | i 201,217 | i 2,079 | i 495,291 | i 698,587 | |||||||||||||||||||
| Russia | i 113,195 | i — | i 49,001 | i 162,196 | |||||||||||||||||||
| Other | i 167,784 | i 30,959 | i 183,173 | i 381,916 | |||||||||||||||||||
| $ | i 1,096,656 | i 1,089,634 | i 731,249 | i 2,917,539 | |||||||||||||||||||
| Product Categories | |||||||||||||||||||||||
| Ceramic & Stone | $ | i 1,089,593 | i 9,642 | i — | i 1,099,235 | ||||||||||||||||||
| Carpet & Resilient | i 7,063 | i 842,069 | i 220,320 | i 1,069,452 | |||||||||||||||||||
| Laminate & Wood | i — | i 237,923 | i 235,461 | i 473,384 | |||||||||||||||||||
Other(1) | i — | i — | i 275,468 | i 275,468 | |||||||||||||||||||
| $ | i 1,096,656 | i 1,089,634 | i 731,249 | i 2,917,539 | |||||||||||||||||||
| October 2, 2021 | Global Ceramic Segment | Flooring NA Segment | Flooring ROW Segment | Total | |||||||||||||||||||||||||
| Geographical Markets | |||||||||||||||||||||||||||||
| United States | $ | i 556,496 | i 1,016,015 | i 3,851 | i 1,576,362 | ||||||||||||||||||||||||
| Europe | i 205,263 | i 1,398 | i 545,538 | i 752,199 | |||||||||||||||||||||||||
| Russia | i 81,246 | i 25 | i 40,275 | i 121,546 | |||||||||||||||||||||||||
| Other | i 155,439 | i 33,015 | i 178,456 | i 366,910 | |||||||||||||||||||||||||
| $ | i 998,444 | i 1,050,453 | i 768,120 | i 2,817,017 | |||||||||||||||||||||||||
| Product Categories | |||||||||||||||||||||||||||||
| Ceramic & Stone | $ | i 993,864 | i 9,079 | i — | i 1,002,943 | ||||||||||||||||||||||||
| Carpet & Resilient | i 4,580 | i 834,581 | i 231,825 | i 1,070,986 | |||||||||||||||||||||||||
| Laminate & Wood | i — | i 206,793 | i 250,307 | i 457,100 | |||||||||||||||||||||||||
Other(1) | i — | i — | i 285,988 | i 285,988 | |||||||||||||||||||||||||
| $ | i 998,444 | i 1,050,453 | i 768,120 | i 2,817,017 | |||||||||||||||||||||||||
| October 1, 2022 | Global Ceramic Segment | Flooring NA Segment | Flooring ROW Segment | Total | |||||||||||||||||||
| Geographical Markets | |||||||||||||||||||||||
| United States | $ | i 1,825,304 | i 3,153,752 | i 10,802 | i 4,989,858 | ||||||||||||||||||
| Europe | i 702,308 | i 5,932 | i 1,776,686 | i 2,484,926 | |||||||||||||||||||
| Russia | i 283,702 | i 23 | i 127,507 | i 411,232 | |||||||||||||||||||
| Other | i 508,668 | i 101,375 | i 590,331 | i 1,200,374 | |||||||||||||||||||
| $ | i 3,319,982 | i 3,261,082 | i 2,505,326 | i 9,086,390 | |||||||||||||||||||
| Product Categories | |||||||||||||||||||||||
| Ceramic & Stone | $ | i 3,302,446 | i 28,685 | i — | i 3,331,131 | ||||||||||||||||||
| Carpet & Resilient | i 17,536 | i 2,547,184 | i 709,148 | i 3,273,868 | |||||||||||||||||||
| Laminate & Wood | i — | i 685,213 | i 836,756 | i 1,521,969 | |||||||||||||||||||
Other
(1) | i — | i — | i 959,422 | i 959,422 | |||||||||||||||||||
| $ | i 3,319,982 | i 3,261,082 | i 2,505,326 | i 9,086,390 | |||||||||||||||||||
| October 2, 2021 | Global Ceramic Segment | Flooring NA Segment | Flooring ROW Segment | Total | |||||||||||||||||||||||||
| Geographical Markets | |||||||||||||||||||||||||||||
| United States | $ | i 1,659,106 | i 3,000,077 | i 8,191 | i 4,667,374 | ||||||||||||||||||||||||
| Europe | i 658,829 | i 1,977 | i 1,702,522 | i 2,363,328 | |||||||||||||||||||||||||
| Russia | i 222,226 | i 75 | i 105,395 | i 327,696 | |||||||||||||||||||||||||
| Other | i 427,657 | i 98,763 | i 555,058 | i 1,081,478 | |||||||||||||||||||||||||
| $ | i 2,967,818 | i 3,100,892 | i 2,371,166 | i 8,439,876 | |||||||||||||||||||||||||
| Product Categories | |||||||||||||||||||||||||||||
| Ceramic & Stone | $ | i 2,958,056 | i 26,062 | i — | i 2,984,118 | ||||||||||||||||||||||||
| Carpet & Resilient | i 9,762 | i 2,470,079 | i 745,774 | i 3,225,615 | |||||||||||||||||||||||||
| Laminate & Wood | i — | i 604,751 | i 776,690 | i 1,381,441 | |||||||||||||||||||||||||
Other
(1) | i — | i — | i 848,702 | i 848,702 | |||||||||||||||||||||||||
| $ | i 2,967,818 | i 3,100,892 | i 2,371,166 | i 8,439,876 | |||||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| October
1 2022 | October 2 2021 | October 1 2022 | October 2 2021 | ||||||||||||||||||||
| Cost of sales | |||||||||||||||||||||||
| Restructuring costs | $ | i 30,421 | i 246 | i 31,722 | i 15,685 | ||||||||||||||||||
| Acquisition integration-related costs | i — | i 306 | i 349 | i 349 | |||||||||||||||||||
| Restructuring and acquisition integration-related costs | $ | i 30,421 | i 552 | i 32,071 | i 16,034 | ||||||||||||||||||
| Selling, general and administrative expenses | |||||||||||||||||||||||
| Restructuring costs | $ | i 2,949 | ( i 89) | i 3,035 | i 226 | ||||||||||||||||||
| Acquisition transaction-related costs | i 481 | i 184 | i 1,508 | i 1,928 | |||||||||||||||||||
| Acquisition integration-related costs | i 687 | i 426 | i 1,741 | i 849 | |||||||||||||||||||
| Restructuring, acquisition transaction and integration-related costs | $ | i 4,117 | i 521 | i 6,284 | i 3,003 | ||||||||||||||||||
| Asset write-downs (gains on disposals) | Severance | Other restructuring costs | Total | ||||||||||||||||||||||||||||||||
| Balances as of July 2, 2022 | $ | i — | i 430 | i — | i 430 | ||||||||||||||||||||||||||||||
| Restructuring costs | |||||||||||||||||||||||||||||||||||
| Global Ceramic Segment | i — | i 3,366 | i — | i 3,366 | |||||||||||||||||||||||||||||||
| Flooring NA Segment | i 15,193 | i 870 | i 3,726 | i 19,789 | |||||||||||||||||||||||||||||||
| Flooring ROW Segment | i 5,805 | i 2,611 | i 1,799 | i 10,215 | |||||||||||||||||||||||||||||||
| Total restructuring costs | i 20,998 | i 6,847 | i 5,525 | i 33,370 | |||||||||||||||||||||||||||||||
| Cash payments | i — | ( i 1,739) | ( i 5,401) | ( i 7,140) | |||||||||||||||||||||||||||||||
| Non-cash items | ( i 20,998) | ( i 34) | ( i 124) | ( i 21,156) | |||||||||||||||||||||||||||||||
| Balances as of October 1, 2022 | $ | i — | i 5,504 | i — | i 5,504 | ||||||||||||||||||||||||||||||
| Restructuring costs recorded in: | |||||||||||||||||||||||||||||||||||
| Cost of sales | $ | i 20,998 | i 3,924 | i 5,499 | i 30,421 | ||||||||||||||||||||||||||||||
| Selling, general and administrative expenses | i — | i 2,923 | i 26 | i 2,949 | |||||||||||||||||||||||||||||||
| Total restructuring costs | $ | i 20,998 | i 6,847 | i 5,525 | i 33,370 | ||||||||||||||||||||||||||||||
| Asset write-downs (gains on disposals) | Severance | Other restructuring costs | Total | ||||||||||||||||||||||||||||||||
| Balances as of December 31, 2021 | $ | i — | i 1,634 | i 995 | i 2,629 | ||||||||||||||||||||||||||||||
| Restructuring costs | |||||||||||||||||||||||||||||||||||
| Global Ceramic Segment | i — | i 3,366 | i — | i 3,366 | |||||||||||||||||||||||||||||||
| Flooring NA Segment | i 15,107 | i 870 | i 3,677 | i 19,654 | |||||||||||||||||||||||||||||||
| Flooring ROW Segment | i 5,805 | i 2,611 | i 3,321 | i 11,737 | |||||||||||||||||||||||||||||||
| Total restructuring costs | i 20,912 | i 6,847 | i 6,998 | i 34,757 | |||||||||||||||||||||||||||||||
| Cash payments | i — | ( i 2,918) | ( i 7,119) | ( i 10,037) | |||||||||||||||||||||||||||||||
| Non-cash items | ( i 20,912) | ( i 59) | ( i 874) | ( i 21,845) | |||||||||||||||||||||||||||||||
| Balances as of October 1, 2022 | $ | i — | i 5,504 | i — | i 5,504 | ||||||||||||||||||||||||||||||
| Restructuring costs recorded in: | |||||||||||||||||||||||||||||||||||
| Cost of sales | $ | i 20,912 | i 3,924 | i 6,886 | i 31,722 | ||||||||||||||||||||||||||||||
| Selling, general and administrative expenses | i — | i 2,923 | i 112 | i 3,035 | |||||||||||||||||||||||||||||||
| Total restructuring costs | $ | i 20,912 | i 6,847 | i 6,998 | i 34,757 | ||||||||||||||||||||||||||||||
| At October 1, 2022 | At December 31, 2021 | ||||||||||||||||
| Short-term investments: | |||||||||||||||||
| Commercial paper (Level 2) | $ | i 110,000 | i 323,000 | ||||||||||||||
| At October 1, 2022 | At December 31, 2021 | ||||||||||
| Customers, trade | $ | i 1,899,479 | i 1,721,584 | ||||||||
| Income tax receivable | i 27,241 | i 73,727 | |||||||||
| Other | i 148,283 | i 117,823 | |||||||||
| i 2,075,003 | i 1,913,134 | ||||||||||
| Less: allowance for discounts, claims and doubtful accounts | i 71,742 | i 73,149 | |||||||||
| Receivables, net | $ | i 2,003,261 | i 1,839,985 | ||||||||
| At October 1, 2022 | At December 31, 2021 | ||||||||||
| Finished goods | $ | i 2,025,754 | i 1,677,707 | ||||||||
| Work in process | i 176,033 | i 144,004 | |||||||||
| Raw materials | i 698,329 | i 569,961 | |||||||||
| Total inventories | $ | i 2,900,116 | i 2,391,672 | ||||||||
| Global Ceramic Segment | Flooring NA Segment | Flooring ROW Segment | Total | ||||||||||||||||||||
| Balance as of December 31, 2021 | |||||||||||||||||||||||
| Goodwill | $ | i 1,563,267 | i 874,198 | i 1,497,869 | i 3,935,334 | ||||||||||||||||||
| Accumulated impairment losses | ( i 531,930) | ( i 343,054) | ( i 452,441) | ( i 1,327,425) | |||||||||||||||||||
| Balance as of December 31, 2021, net | i 1,031,337 | i 531,144 | i 1,045,428 | i 2,607,909 | |||||||||||||||||||
| Goodwill adjustments related to acquisitions | i — | i — | ( i 2,722) | ( i 2,722) | |||||||||||||||||||
| Goodwill recognized during the period | i — | i 56,172 | i — | i 56,172 | |||||||||||||||||||
| Impairment charge during the period | ( i 688,514) | i — | i — | ( i 688,514) | |||||||||||||||||||
| Currency translation during the period | ( i 2,355) | i — | ( i 142,522) | ( i 144,877) | |||||||||||||||||||
| Balance as of October 1, 2022 | |||||||||||||||||||||||
| Goodwill | i 1,560,912 | i 930,370 | i 1,352,625 | i 3,843,907 | |||||||||||||||||||
| Accumulated impairment losses | ( i 1,220,444) | ( i 343,054) | ( i 452,441) | ( i 2,015,939) | |||||||||||||||||||
| Balance as of October 1, 2022, net | $ | i 340,468 | i 587,316 | i 900,184 | i 1,827,968 | ||||||||||||||||||
| Tradenames | |||||
| Balance as of December 31, 2021 | $ | i 694,905 | |||
| Impairment charge | ( i 7,257) | ||||
| Currency translation during the period | ( i 40,987) | ||||
| Balance as of October 1, 2022 | $ | i 646,661 | |||
| Gross carrying amounts: | Customer relationships | Patents | Other | Total | |||||||||||||||||||
| Balance as of December 31, 2021 | $ | i 680,177 | i 256,336 | i 6,786 | i 943,299 | ||||||||||||||||||
| Intangible assets acquired during the period | i 13,064 | i — | i 1,900 | i 14,964 | |||||||||||||||||||
| Currency translation during the period | ( i 65,593) | ( i 34,607) | ( i 868) | ( i 101,068) | |||||||||||||||||||
| Balance as of October 1, 2022 | $ | i 627,648 | i 221,729 | i 7,818 | i 857,195 | ||||||||||||||||||
| Accumulated amortization: | Customer relationships | Patents | Other | Total | |||||||||||||||||||
| Balance as of December 31, 2021 | $ | i 483,748 | i 252,414 | i 2,062 | i 738,224 | ||||||||||||||||||
| Amortization during the period | i 20,277 | i 468 | i 172 | i 20,917 | |||||||||||||||||||
| Currency translation during the period | ( i 44,161) | ( i 34,116) | ( i 108) | ( i 78,385) | |||||||||||||||||||
| Balance as of October 1, 2022 | $ | i 459,864 | i 218,766 | i 2,126 | i 680,756 | ||||||||||||||||||
| Intangible assets subject to amortization, net as of October 1, 2022 | $ | i 167,784 | i 2,963 | i 5,692 | i 176,439 | ||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| October 1, 2022 | October 2, 2021 | October 1, 2022 | October 2, 2021 | ||||||||||||||||||||
| Amortization expense | $ | i 6,918 | i 7,247 | i 20,917 | i 22,081 | ||||||||||||||||||
| At October 1, 2022 | At December 31, 2021 | ||||||||||
| Outstanding checks in excess of cash | $ | i 1,416 | i 3,005 | ||||||||
| Accounts payable, trade | i 1,217,731 | i 1,228,621 | |||||||||
| Accrued expenses | i 725,135 | i 666,209 | |||||||||
| Product warranties | i 39,190 | i 45,215 | |||||||||
| Accrued interest | i 13,945 | i 17,940 | |||||||||
| Accrued compensation and benefits | i 258,680 | i 256,428 | |||||||||
| Total accounts payable and accrued expenses | $ | i 2,256,097 | i 2,217,418 | ||||||||
| Foreign currency translation adjustments | Prior pension and post-retirement benefit service cost and actuarial gain (loss) | Total | |||||||||||||||
| Balance as of December 31, 2021 | $ | ( i 959,199) | ( i 7,753) | ( i 966,952) | |||||||||||||
| Current period other comprehensive income (loss) | ( i 302,383) | i 672 | ( i 301,711) | ||||||||||||||
| Balance as of October 1, 2022 | $ | ( i 1,261,582) | ( i 7,081) | ( i 1,268,663) | |||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| October 1, 2022 | October 2, 2021 | October 1, 2022 | October 2, 2021 | ||||||||||||||||||||
| Foreign currency losses (gains), net | $ | i 6,032 | i 3,135 | i 6,476 | i 3,114 | ||||||||||||||||||
| Resolution of foreign non-income tax contingencies | i — | i — | i — | ( i 6,211) | |||||||||||||||||||
| Release of indemnification asset | i — | i — | i 7,324 | i — | |||||||||||||||||||
| All other, net | ( i 7,274) | ( i 3,114) | ( i 15,422) | ( i 10,277) | |||||||||||||||||||
| Total other (income) expense, net | $ | ( i 1,242) | i 21 | ( i 1,622) | ( i 13,374) | ||||||||||||||||||
| Total Stockholders’ Equity | ||||||||||||||||||||||||||||||||
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Nonredeemable Noncontrolling Interests | Total Stockholders’ Equity | ||||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||
| July 2, 2022 | i 70,878 | $ i 709 | $ i 1,919,742 | $ i 7,910,657 | ($ i 1,014,999) | ( i 7,341) | ($ i 215,491) | $ i 6,320 | $ i 8,606,938 | |||||||||||||||||||||||
| Shares issued under employee and director stock plans | — | — | ( i 27) | — | — | — | — | — | ( i 27) | |||||||||||||||||||||||
| Stock-based compensation expense | — | — | i 6,179 | — | — | — | — | — | i 6,179 | |||||||||||||||||||||||
| Repurchases of common stock | ( i 3) | — | — | ( i 384) | — | — | — | — | ( i 384) | |||||||||||||||||||||||
| Net earnings attributable to noncontrolling interests | — | — | — | — | — | — | — | i 256 | i 256 | |||||||||||||||||||||||
| Currency translation adjustment on noncontrolling interests | — | — | — | — | — | — | — | ( i 273) | ( i 273) | |||||||||||||||||||||||
| Purchase of noncontrolling interest | — | — | — | — | — | — | — | i 1 | i 1 | |||||||||||||||||||||||
| Currency translation adjustment | — | — | — | — | ( i 253,729) | — | — | — | ( i 253,729) | |||||||||||||||||||||||
| Prior pension and post-retirement benefit service cost and actuarial gain | — | — | — | — | i 65 | — | — | — | i 65 | |||||||||||||||||||||||
| Net loss | — | — | — | ( i 533,969) | — | — | — | — | ( i 533,969) | |||||||||||||||||||||||
| October 1, 2022 | i 70,875 | $ i 709 | $ i 1,925,894 | $ i 7,376,304 | ($ i 1,268,663) | ( i 7,341) | ($ i 215,491) | $ i 6,304 | $ i 7,825,057 | |||||||||||||||||||||||
| Total Stockholders’ Equity | ||||||||||||||||||||||||||||||||
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Nonredeemable Noncontrolling Interests | Total Stockholders’ Equity | ||||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||
| July 3, 2021 | i 76,372 | $ i 764 | $ i 1,895,612 | $ i 7,867,795 | ($ i 781,506) | ( i 7,343) | ($ i 215,547) | $ i 6,824 | $ i 8,773,942 | |||||||||||||||||||||||
| Shares issued under employee and director stock plans | — | — | ( i 59) | — | — | — | — | — | ( i 59) | |||||||||||||||||||||||
| Stock-based compensation expense | — | — | i 7,425 | — | — | — | — | — | i 7,425 | |||||||||||||||||||||||
| Repurchases of common stock | ( i 1,017) | ( i 10) | — | ( i 208,823) | — | — | — | — | ( i 208,833) | |||||||||||||||||||||||
| Net earnings attributable to noncontrolling interests | — | — | — | — | — | — | — | i 206 | i 206 | |||||||||||||||||||||||
| Currency translation adjustment on noncontrolling interests | — | — | — | — | — | — | — | ( i 99) | ( i 99) | |||||||||||||||||||||||
| Currency translation adjustment | — | — | — | — | ( i 91,219) | — | — | — | ( i 91,219) | |||||||||||||||||||||||
| Prior pension and post-retirement benefit service cost and actuarial gain | — | — | — | — | i 108 | — | — | — | i 108 | |||||||||||||||||||||||
| Net earnings | — | — | — | i 270,978 | — | — | — | — | i 270,978 | |||||||||||||||||||||||
| October 2, 2021 | i 75,355 | $ i 754 | $ i 1,902,978 | $ i 7,929,950 | ($ i 872,617) | ( i 7,343) | ($ i 215,547) | $ i 6,931 | $ i 8,752,449 | |||||||||||||||||||||||
| Total Stockholders’ Equity | ||||||||||||||||||||||||||||||||
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity | ||||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||
| December 31, 2021 | i 72,952 | $ i 729 | $ i 1,911,131 | $ i 7,692,064 | ($ i 966,952) | ( i 7,343) | ($ i 215,547) | $ i 6,791 | $ i 8,428,216 | |||||||||||||||||||||||
| Shares issued under employee and director stock plans | i 107 | i 1 | ( i 3,297) | — | — | i 2 | i 56 | — | ( i 3,240) | |||||||||||||||||||||||
| Stock-based compensation expense | — | — | i 17,488 | — | — | — | — | — | i 17,488 | |||||||||||||||||||||||
| Repurchases of common stock | ( i 2,184) | ( i 21) | — | ( i 307,551) | — | — | — | — | ( i 307,572) | |||||||||||||||||||||||
| Net earnings attributable to noncontrolling interests | — | — | — | — | — | — | — | i 440 | i 440 | |||||||||||||||||||||||
| Currency translation adjustment on noncontrolling interests | — | — | — | — | — | — | — | ( i 1) | ( i 1) | |||||||||||||||||||||||
| Purchase of noncontrolling interest | — | — | i 572 | — | — | — | — | ( i 926) | ( i 354) | |||||||||||||||||||||||
| Currency translation adjustment | — | — | — | — | ( i 302,383) | — | — | — | ( i 302,383) | |||||||||||||||||||||||
| Prior pension and post-retirement benefit service cost and actuarial gain | — | — | — | — | i 672 | — | — | — | i 672 | |||||||||||||||||||||||
| Net loss | — | — | — | ( i 8,209) | — | — | — | — | ( i 8,209) | |||||||||||||||||||||||
| October 1, 2022 | i 70,875 | $ i 709 | $ i 1,925,894 | $ i 7,376,304 | ($ i 1,268,663) | ( i 7,341) | ($ i 215,491) | $ i 6,304 | $ i 7,825,057 | |||||||||||||||||||||||
| Total Stockholders’ Equity | ||||||||||||||||||||||||||||||||
| Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss) | Treasury Stock | Noncontrolling Interest | Total Stockholders’ Equity | ||||||||||||||||||||||||||
| Shares | Amount | Shares | Amount | |||||||||||||||||||||||||||||
| December 31, 2020 | i 77,624 | $ i 776 | $ i 1,885,142 | $ i 7,559,191 | ($ i 695,145) | ( i 7,346) | ($ i 215,648) | $ i 6,842 | $ i 8,541,158 | |||||||||||||||||||||||
| Shares issued under employee and director stock plans | i 115 | i 1 | ( i 1,575) | — | — | i 3 | i 101 | — | ( i 1,473) | |||||||||||||||||||||||
| Stock-based compensation expense | — | — | i 19,411 | — | — | — | — | — | i 19,411 | |||||||||||||||||||||||
| Repurchases of common stock | ( i 2,384) | ( i 23) | — | ( i 473,311) | — | — | — | — | ( i 473,334) | |||||||||||||||||||||||
| Net earnings attributable to noncontrolling interests | — | — | — | — | — | — | — | i 378 | i 378 | |||||||||||||||||||||||
| Currency translation adjustment on noncontrolling interests | — | — | — | — | — | — | — | ( i 289) | ( i 289) | |||||||||||||||||||||||
| Currency translation adjustment | — | — | — | ( i 177,788) | — | — | — | ( i 177,788) | ||||||||||||||||||||||||
| Prior pension and post-retirement benefit service cost and actuarial gain | — | — | — | — | i 316 | — | — | — | i 316 | |||||||||||||||||||||||
| Net earnings | — | — | — | i 844,070 | — | — | — | — | i 844,070 | |||||||||||||||||||||||
| October 2, 2021 | i 75,355 | $ i 754 | $ i 1,902,978 | $ i 7,929,950 | ($ i 872,617) | ( i 7,343) | ($ i 215,547) | $ i 6,931 | $ i 8,752,449 | |||||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| October 1, 2022 | October 2, 2021 | October 1, 2022 | October 2, 2021 | ||||||||||||||||||||
| Net (loss) earnings attributable to Mohawk Industries, Inc. | $ | ( i 533,969) | i 270,978 | ( i 8,209) | i 844,070 | ||||||||||||||||||
| Weighted-average common shares outstanding-basic and diluted: | |||||||||||||||||||||||
| Weighted-average common shares outstanding—basic | i 63,534 | i 68,541 | i 63,923 | i 69,389 | |||||||||||||||||||
Add
weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net (1) | i — | i 323 | i — | i 294 | |||||||||||||||||||
| Weighted-average common shares outstanding-diluted | i 63,534 | i 68,864 | i 63,923 | i 69,683 | |||||||||||||||||||
| (Loss) earnings per share attributable to Mohawk Industries, Inc. | |||||||||||||||||||||||
| Basic | $ | ( i 8.40) | i 3.95 | ( i 0.13) | i 12.16 | ||||||||||||||||||
| Diluted | $ | ( i 8.40) | i 3.93 | ( i 0.13) | i 12.11 | ||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||||
| October 1, 2022 | October 2, 2021 | October 1, 2022 | October 2, 2021 | ||||||||||||||||||||
| Net sales: | |||||||||||||||||||||||
| Global Ceramic Segment | $ | i 1,096,656 | i 998,444 | i 3,319,982 | i 2,967,818 | ||||||||||||||||||
| Flooring NA Segment | i 1,089,634 | i 1,050,453 | i 3,261,082 | i 3,100,892 | |||||||||||||||||||
| Flooring ROW Segment | i 731,249 | i 768,120 | i 2,505,326 | i 2,371,166 | |||||||||||||||||||
| Total | $ | i 2,917,539 | i 2,817,017 | i 9,086,390 | i 8,439,876 | ||||||||||||||||||
| Operating (loss) income: | |||||||||||||||||||||||
| Global Ceramic Segment | $ | ( i 559,706) | i 118,896 | ( i 305,099) | i 343,135 | ||||||||||||||||||
| Flooring NA Segment | i 64,672 | i 118,625 | i 260,026 | i 315,866 | |||||||||||||||||||
| Flooring ROW Segment | i 45,508 | i 133,595 | i 304,265 | i 456,787 | |||||||||||||||||||
| Corporate and intersegment eliminations | ( i 56,063) | ( i 11,142) | ( i 76,053) | ( i 33,875) | |||||||||||||||||||
| Total | $ | ( i 505,589) | i 359,974 | i 183,139 | i 1,081,913 | ||||||||||||||||||
| At October 1, 2022 | At December 31, 2021 | ||||||||||
| Assets: | |||||||||||
| Global Ceramic Segment | $ | i 4,866,822 | i 5,160,776 | ||||||||
| Flooring NA Segment | i 4,490,502 | i 4,125,960 | |||||||||
| Flooring ROW Segment | i 4,036,675 | i 4,361,741 | |||||||||
| Corporate and intersegment eliminations | i 407,035 | i 576,040 | |||||||||
| Total | $ | i 13,801,034 | i 14,224,517 | ||||||||
| At October 1, 2022 | At December 31, 2021 | ||||||||||||||||||||||
| Fair Value | Carrying Value | Fair Value | Carrying Value | ||||||||||||||||||||
i 1.750% Senior Notes, payable June
12, 2027; interest payable annually | $ | i 428,550 | i 490,052 | i 601,037 | i 566,380 | ||||||||||||||||||
i 3.625%
Senior Notes, payable May 15, 2030; interest payable semi-annually | i 416,750 | i 500,000 | i 538,545 | i 500,000 | |||||||||||||||||||
i 3.85%
Senior Notes, payable February 1, 2023; interest payable semi-annually | i 597,966 | i 600,000 | i 615,630 | i 600,000 | |||||||||||||||||||
| U.S. commercial paper | i 932,000 | i 932,000 | i 598,000 | i 598,000 | |||||||||||||||||||
| European commercial paper | i — | i — | i 15,859 | i 15,859 | |||||||||||||||||||
| Finance leases and other | i 47,081 | i 47,081 | i 53,163 | i 53,163 | |||||||||||||||||||
| Unamortized debt issuance costs | ( i 7,010) | ( i 7,010) | ( i 8,617) | ( i 8,617) | |||||||||||||||||||
| Total debt | i 2,415,337 | i 2,562,123 | i 2,413,617 | i 2,324,785 | |||||||||||||||||||
| Less current portion of long term-debt and commercial paper | i 1,540,105 | i 1,542,139 | i 624,503 | i 624,503 | |||||||||||||||||||
| Long-term debt, less current portion | $ | i 875,232 | i 1,019,984 | i 1,789,114 | i 1,700,282 | ||||||||||||||||||
| Nine Months Ended | |||||||||||||||||||||||
| October 1, 2022 | October 2, 2021 | ||||||||||||||||||||||
| Net cash paid during the periods for: | |||||||||||||||||||||||
| Interest | $ | i 50,627 | i 56,023 | ||||||||||||||||||||
| Income taxes | $ | i 193,895 | i 239,299 | ||||||||||||||||||||
| Supplemental schedule of non-cash investing and financing activities: | |||||||||||||||||||||||
| Unpaid property plant and equipment in accounts payable and accrued expenses | $ | i 82,250 | i 65,299 | ||||||||||||||||||||
| Fair value of assets acquired/adjusted in acquisitions | $ | i 172,845 | i 102,405 | ||||||||||||||||||||
| Liabilities assumed/adjusted in acquisitions | ( i 15,571) | ( i 25,218) | |||||||||||||||||||||
| $ | i 157,274 | i 77,187 | |||||||||||||||||||||
| Right of use assets obtained in exchange for lease obligations: | |||||||||||||||||||||||
| Operating leases | $ | i 97,473 | i 150,553 | ||||||||||||||||||||
| Finance leases | $ | i 11,332 | i 11,525 | ||||||||||||||||||||
| Period | Total Number of Shares Purchased in Millions | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plan in Millions | Approximate Dollar Value of Shares That
May Yet Be Purchased Under the Plan in Millions | ||||||||||
| July 3 through August 6, 2022 | 0.0 | $ | 120.00 | 0.0 | $ | 229.2 | ||||||||
| August 7 through September 3, 2022 | 0.0 | $ | — | 0.0 | $ | 229.2 | ||||||||
| September 4 through October 1, 2022 | 0.0 | $ | — | 0.0 | $ | 229.2 | ||||||||
| Total | 0.0 | $ | 120.00 | 0.0 | ||||||||||
| No. | Description | |||||||
| 3.1 | Restated Certificate of Incorporation of Mohawk, as amended. (Incorporated herein by reference to Exhibit 3.1 in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 1998.) | |||||||
| 3.2 | ||||||||
| 10.1 | ||||||||
| 10.2 | ||||||||
| 10.3 | ||||||||
| 31.1 | ||||||||
| 31.2 | ||||||||
| 32.1 | ||||||||
| 32.2 | ||||||||
| 95.1 | ||||||||
| 101.SCH | XBRL Taxonomy Extension Schema Document. | |||||||
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document. | |||||||
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document. | |||||||
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document. | |||||||
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document. | |||||||
| 104 | Interactive Data File | |||||||
| MOHAWK INDUSTRIES, INC. | ||||||||||||||
| (Registrant) | ||||||||||||||
| Dated: | October 28, 2022 | By: | /s/ Jeffrey S. Lorberbaum | |||||||||||
| JEFFREY S. LORBERBAUM | ||||||||||||||
| Chairman and Chief Executive Officer | ||||||||||||||
| (principal executive officer) | ||||||||||||||
| Dated: | October 28, 2022 | By: | /s/ James F. Brunk | |||||||||||
| JAMES F. BRUNK | ||||||||||||||
| Chief Financial Officer | ||||||||||||||
| (principal financial officer) | ||||||||||||||
| This ‘10-Q’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 5/15/30 | ||||
| 8/12/27 | ||||
| 6/12/27 | ||||
| 10/18/24 | ||||
| 8/12/24 | ||||
| 2/1/23 | ||||
| 12/31/22 | ||||
| 11/1/22 | ||||
| Filed on: | 10/28/22 | |||
| 10/26/22 | ||||
| 10/14/22 | ||||
| 10/3/22 | ||||
| For Period end: | 10/1/22 | |||
| 9/15/22 | ||||
| 9/3/22 | ||||
| 9/1/22 | ||||
| 8/12/22 | 4, 8-K | |||
| 8/9/22 | 3/A | |||
| 8/6/22 | ||||
| 8/2/22 | ||||
| 7/27/22 | ||||
| 7/6/22 | ||||
| 7/2/22 | 10-Q | |||
| 6/3/22 | ||||
| 5/19/22 | 8-K, DEF 14A | |||
| 5/11/22 | ||||
| 4/26/22 | ||||
| 4/6/22 | ||||
| 4/2/22 | 10-Q | |||
| 3/25/22 | ||||
| 3/10/22 | ||||
| 2/28/22 | ||||
| 2/21/22 | ||||
| 2/10/22 | 8-K, SC 13G/A | |||
| 1/28/22 | ||||
| 1/26/22 | ||||
| 1/20/22 | ||||
| 1/18/22 | ||||
| 1/14/22 | ||||
| 12/31/21 | 10-K, 11-K, SD | |||
| 12/13/21 | ||||
| 11/12/21 | ||||
| 10/28/21 | 8-K | |||
| 10/19/21 | 8-K | |||
| 10/5/21 | ||||
| 10/2/21 | 10-Q | |||
| 9/29/21 | ||||
| 9/28/21 | ||||
| 9/20/21 | ||||
| 9/16/21 | ||||
| 9/7/21 | 25-NSE | |||
| 7/12/21 | ||||
| 7/3/21 | 10-Q | |||
| 6/28/21 | ||||
| 6/22/21 | ||||
| 6/12/21 | ||||
| 4/23/21 | ||||
| 4/22/21 | ||||
| 4/8/21 | ||||
| 3/3/21 | ||||
| 1/19/21 | ||||
| 1/1/21 | ||||
| 12/31/20 | 10-K, 11-K, SD | |||
| 12/17/20 | ||||
| 11/15/20 | ||||
| 10/27/20 | ||||
| 10/21/20 | ||||
| 9/26/20 | 10-Q | |||
| 8/21/20 | ||||
| 8/6/20 | 10-Q, 8-K | |||
| 7/20/20 | ||||
| 6/29/20 | ||||
| 6/25/20 | ||||
| 6/12/20 | 4, 8-K | |||
| 5/18/20 | 25-NSE, 8-K | |||
| 5/14/20 | 8-K | |||
| 5/7/20 | 424B5, 8-K, FWP | |||
| 3/27/20 | 8-K | |||
| 1/30/20 | ||||
| 1/3/20 | 4 | |||
| 12/20/19 | ||||
| 7/25/19 | 8-K | |||
| 4/28/17 | ||||
| 4/27/17 | 8-K | |||
| 7/31/15 | 8-K | |||
| 2/28/14 | 10-K | |||
| 1/31/13 | 8-K | |||
| 12/31/98 | 10-K/A, 10-K405 | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/23/24 Mohawk Industries Inc. 10-K 12/31/23 112:14M 2/22/23 Mohawk Industries Inc. 10-K 12/31/22 109:13M |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/12/22 Mohawk Industries Inc. 8-K:1,2,9 8/12/22 12:2.7M Donnelley … Solutions/FA 2/19/19 Mohawk Industries Inc. 8-K:5,9 2/19/19 2:164K |