MRC Global (MRC) 10-Q 30 Jul 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 23, 2021
Document Information [Line Items]
Entity Central Index Key	0001439095
Entity Registrant Name	MRC GLOBAL INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-35479
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5956993
Entity Address, Address Line One	1301 McKinney Street, Suite 2300
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77010
City Area Code	877
Local Phone Number	294-7574
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	MRC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		82,665,437

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 63	$ 119
Accounts receivable, net	382	319
Inventories, net	484	509
Other current assets	32	19
Total current assets	961	966
Long-term assets:
Operating lease assets	190	200
Property, plant and equipment, net	95	103
Other assets	19	19
Intangible assets:
Goodwill, net	264	264
Other intangible assets, net	216	229
Assets, Total	1,745	1,781
Current liabilities:
Trade accounts payable	350	264
Accrued expenses and other current liabilities	81	94
Operating lease liabilities	34	37
Current portion of long-term debt	1	4
Total current liabilities	466	399
Long-term liabilities:
Long-term debt, net	296	379
Operating lease liabilities	177	187
Deferred income taxes	70	70
Other liabilities	34	41
Commitments and contingencies
6.5% Series A Convertible Perpetual Preferred Stock, $0.01 par value; authorized 363,000 shares; 363,000 shares issued and outstanding	355	355
Stockholders' equity:
Common stock, $0.01 par value per share: 500 million shares authorized, 106,881,767 and 106,315,296 issued, respectively	1	1
Additional paid-in capital	1,744	1,739
Retained deficit	(792)	(781)
Less: Treasury stock at cost: 24,216,330 shares	(375)	(375)
Accumulated other comprehensive loss	(231)	(234)
Stockholders' Equity Attributable to Parent, Ending Balance	347	350
Liabilities and Equity, Total	$ 1,745	$ 1,781

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Series A Convertible Perpetual Preferred Stock, dividend rate	6.50%	6.50%
Series A Convertible Perpetual Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Series A Convertible Perpetual Preferred Stock, shares authorized (in shares)	363,000	363,000
Series A Convertible Perpetual Preferred Stock, shares issued (in shares)	363,000	363,000
Series A Convertible Perpetual Preferred Stock, shares outstanding (in shares)	363,000	363,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	106,881,767	106,315,296
Treasury stock, shares (in shares)	24,216,330	24,216,330

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Sales	$ 686	$ 602	$ 1,295	$ 1,396
Cost of sales	574	523	1,080	1,169
Gross profit	112	79	215	227
Selling, general and administrative expenses	102	126	202	252
Goodwill and intangible asset impairment	0	242	0	242
Operating income (loss)	10	(289)	13	(267)
Other (expense) income:
Interest expense	(6)	(7)	(12)	(15)
Other, net	1	(2)	1	(2)
Income (loss) before income taxes	5	(298)	2	(284)
Income tax expense (benefit)	1	(17)	1	(12)
Net income (loss)	4	(281)	1	(272)
Series A preferred stock dividends	6	6	12	12
Net loss attributable to common stockholders	$ (2)	$ (287)	$ (11)	$ (284)
Basic (in dollars per share)	$ (0.02)	$ (3.50)	$ (0.13)	$ (3.47)
Diluted (in dollars per share)	$ (0.02)	$ (3.50)	$ (0.13)	$ (3.47)
Weighted average basic shares outstanding (in shares)	82.6	82	82.5	81.9
Weighted-average common shares, diluted (in shares)	82.6	82	82.5	81.9

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net income (loss)	$ 4	$ (281)	$ 1	$ (272)
Other comprehensive income (loss)
Foreign currency translation adjustments	1	8	0	(13)
Hedge accounting adjustments, net of tax	2	0	3	(6)
Total other comprehensive income (loss), net of tax	3	8	3	(19)
Comprehensive income (loss)	$ 7	$ (273)	$ 4	$ (291)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2019	106			(24)
Balance at Dec. 31, 2019	$ 1	$ 1,731	$ (483)	$ (375)	$ (232)	$ 642
Net income (loss)	0	0	9	0	0	9
Foreign currency translation	0	0	0	0	(21)	(21)
Hedge accounting adjustments	0	0	0	0	(6)	(6)
Shares withheld for taxes	0	(3)	0	0	0	(3)
Equity-based compensation expense	0	2	0	0	0	2
Dividends declared on preferred stock	0	0	(6)	0	0	(6)
Equity-based compensation expense	$ 0	2	0	$ 0	0	2
Balance (in shares) at Mar. 31, 2020	106			(24)
Balance at Mar. 31, 2020	$ 1	1,730	(480)	$ (375)	(259)	617
Balance (in shares) at Dec. 31, 2019	106			(24)
Balance at Dec. 31, 2019	$ 1	1,731	(483)	$ (375)	(232)	642
Net income (loss)						(272)
Foreign currency translation						(13)
Hedge accounting adjustments						(6)
Balance (in shares) at Jun. 30, 2020	106			(24)
Balance at Jun. 30, 2020	$ 1	1,733	(767)	$ (375)	(251)	341
Balance (in shares) at Mar. 31, 2020	106			(24)
Balance at Mar. 31, 2020	$ 1	1,730	(480)	$ (375)	(259)	617
Net income (loss)	0	0	(281)	0	0	(281)
Foreign currency translation	0	0	0	0	8	8
Hedge accounting adjustments						0
Equity-based compensation expense	0	3	0	0	0	3
Dividends declared on preferred stock	0	0	(6)	0	0	(6)
Equity-based compensation expense	$ 0	3	0	$ 0	0	3
Balance (in shares) at Jun. 30, 2020	106			(24)
Balance at Jun. 30, 2020	$ 1	1,733	(767)	$ (375)	(251)	341
Balance (in shares) at Dec. 31, 2020	106			(24)
Balance at Dec. 31, 2020	$ 1	1,739	(781)	$ (375)	(234)	350
Net income (loss)	0	0	(3)	0	0	(3)
Foreign currency translation	0	0	0	0	(1)	(1)
Hedge accounting adjustments	0	0	0	0	1	1
Shares withheld for taxes	$ 0	(2)	0	$ 0	0	(2)
Vesting of stock awards (in shares)	1			0
Equity-based compensation expense	$ 0	5	0	$ 0	0	5
Dividends declared on preferred stock	0	0	(6)	0	0	(6)
Equity-based compensation expense	$ 0	5	0	$ 0	0	5
Balance (in shares) at Mar. 31, 2021	107			(24)
Balance at Mar. 31, 2021	$ 1	1,742	(790)	$ (375)	(234)	344
Balance (in shares) at Dec. 31, 2020	106			(24)
Balance at Dec. 31, 2020	$ 1	1,739	(781)	$ (375)	(234)	350
Net income (loss)						1
Foreign currency translation						0
Hedge accounting adjustments						3
Balance (in shares) at Jun. 30, 2021	107			(24)
Balance at Jun. 30, 2021	$ 1	1,744	(792)	$ (375)	(231)	347
Balance (in shares) at Mar. 31, 2021	107			(24)
Balance at Mar. 31, 2021	$ 1	1,742	(790)	$ (375)	(234)	344
Net income (loss)	0	0	4	0	0	4
Foreign currency translation	0	0	0	0	1	1
Hedge accounting adjustments	0	0	0	0	2	2
Equity-based compensation expense	0	2	0	0	0	2
Dividends declared on preferred stock	0	0	(6)	0	0	(6)
Equity-based compensation expense	$ 0	2	0	$ 0	0	2
Balance (in shares) at Jun. 30, 2021	107			(24)
Balance at Jun. 30, 2021	$ 1	$ 1,744	$ (792)	$ (375)	$ (231)	$ 347

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net income (loss)	$ 1	$ (272)
Adjustments to reconcile net income (loss) to net cash provided by operations:
Depreciation and amortization	10	10
Amortization of intangibles	12	13
Equity-based compensation expense	7	5
Deferred income tax benefit	(1)	(8)
Increase (decrease) in LIFO reserve	15	(9)
Goodwill and intangible asset impairment	0	242
Lease impairment and abandonment	0	15
Inventory-related charges	0	34
Provision for credit losses	0	5
Other	3	1
Changes in operating assets and liabilities:
Accounts receivable	(62)	69
Inventories	8	41
Other current assets	(16)	(10)
Accounts payable	86	(51)
Accrued expenses and other current liabilities	(16)	(1)
Net cash provided by operations	47	84
Investing activities
Purchases of property, plant and equipment	(4)	(5)
Other investing activities	2	0
Net cash used in investing activities	(2)	(5)
Financing activities
Payments on revolving credit facilities	(125)	(460)
Proceeds from revolving credit facilities	125	389
Payments on long-term obligations	(87)	(4)
Dividends paid on preferred stock	(12)	(12)
Repurchases of shares to satisfy tax withholdings	(2)	(3)
Net cash used in financing activities	(101)	(90)
Decrease in cash	(56)	(11)
Effect of foreign exchange rate on cash	0	(2)
Cash -- beginning of period	119	32
Cash -- end of period	63	19
Supplemental disclosures of cash flow information:
Cash paid for interest	11	15
Cash paid for income taxes	$ 12	$ 2

Note 1 - Background and Basis o

Note 1 - Background and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 Business Operations : ● gas utilities (storage and distribution of natural gas) ● downstream and industrial (crude oil refining and petrochemical and chemical processing and general industrials) ● upstream production (exploration, production and extraction of underground oil and gas) ● midstream pipeline (gathering, processing and transmission of oil and gas) We have branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and the Caspian. We obtain products from a broad range of suppliers. Basis of Presentation : 10 01 X not three six June 30, 2021 not December 31, 2021. December 31, 2020 December 31, 2020 December 31, 2020 The consolidated financial statements include the accounts of MRC Global Inc. and its wholly owned and majority owned subsidiaries (collectively referred to as the “Company” or by such terms as “we,” “our” or “us”). All material intercompany balances and transactions have been eliminated in consolidation. Recently Issued Accounting Pronouncements : August 2020, 2020 06, Debt – Debt with Conversion and Other Options and Derivative Hedging – Contracts in Entity’s Own Equity (Subtopic 815 40 2020 06" December 15, 2021, 2020 06 In March 2020, 2020 04, Reference Rate Reform (Topic 848 2020 04" March 12, 2020 December 31, 2022. 2020 04 Adoption of New Accounting Standards December 2019, 2019 12, Income Taxes (Topic 740 740 January 1, 2021 not

Note 2 - Revenue Recognition

Note 2 - Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	NOTE 2 We recognize revenue when we transfer control of promised goods or services to our customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. We recognize substantially all of our revenue when products are shipped or delivered to our customers, and payment is due from our customers at the time of billing with a majority of our customers having 30 third Our contracts with customers ordinarily involve performance obligations that are one Contract Balances : Generally, revenue recognition and invoicing occur simultaneously as we transfer control of promised goods or services to our customers. We consider contract assets to be accounts receivable when we have an unconditional right to consideration and only the passage of time is required before payment is due. In certain cases, particularly those involving customer-specific documentation requirements, invoicing is delayed until we are able to meet the documentation requirements. In these cases, we recognize a contract asset separate from accounts receivable until those requirements are met, and we are able to invoice the customer. Our contract asset balance associated with these requirements as of June 30, 2021 December 31, 2020 We record contract liabilities, or deferred revenue, when we receive cash payments from customers in advance of our performance, including amounts which are refundable. The deferred revenue balance at June 30, 2021 December 31, 2020 three six June 30, 2021 December 31, 2020. three six June 30, 2020 December 31, 2019. Disaggregated Revenue four The following table presents our revenue disaggregated by revenue source (in millions): Three Months Ended June 30, U.S. Canada International Total 2021: Gas utilities $ 267 $ 2 $ — $ 269 Downstream & industrial 136 5 50 191 Upstream production 81 21 41 143 Midstream pipeline 74 2 7 83 $ 558 $ 30 $ 98 $ 686 2020: Gas utilities $ 200 $ 5 $ — $ 205 Downstream & industrial 126 2 48 176 Upstream production 66 18 50 134 Midstream pipeline 82 3 2 87 $ 474 $ 28 $ 100 $ 602 Six Months Ended June 30, U.S. Canada International Total 2021: Gas utilities $ 476 $ 3 $ — $ 479 Downstream & industrial 274 9 102 385 Upstream production 149 44 77 270 Midstream pipeline 143 6 12 161 $ 1,042 $ 62 $ 191 $ 1,295 2020: Gas utilities $ 399 $ 8 $ — $ 407 Downstream & industrial 316 8 103 427 Upstream production 205 55 96 356 Midstream pipeline 192 7 7 206 $ 1,112 $ 78 $ 206 $ 1,396

Note 3 - Inventories

Note 3 - Inventories	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 3 The composition of our inventory is as follows (in millions): June 30, December 31, 2021 2020 Finished goods inventory at average cost: Valves, automation, measurement and instrumentation $ 250 $ 279 Carbon steel pipe, fittings and flanges 152 156 All other products 252 229 654 664 Less: Excess of average cost over LIFO cost (LIFO reserve) (151 ) (136 ) Less: Other inventory reserves (19 ) (19 ) $ 484 $ 509 The Company uses the last-in, first

Note 4 - Leases

Note 4 - Leases	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	NOTE 4 We lease certain distribution centers, warehouses, office space, land and equipment. Substantially all of these leases are classified as operating leases. We recognize lease expense on a straight-line basis over the lease term. Leases with an initial term of 12 not Many of our facility leases include one one not not As most of our leases do not not Expense associated with our operating leases was $10 million and $19 million for the three six June 30, 2021 three six June 30, 2020 three six June 30, 2021 three six June 30, 2020 The maturity of lease liabilities is as follows (in millions): Maturity of Operating Lease Liabilities Remainder of 2021 $ 22 2022 35 2023 29 2024 25 2025 20 After 2025 203 Total lease payments 334 Less: Interest (123 ) Present value of lease liabilities $ 211 Amounts maturing after 2025 2049. The term and discount rate associated with leases are as follows: June 30, Operating Lease Term and Discount Rate 2021 Weighted-average remaining lease term (years) 14 Weighted-average discount rate 6.8 %

Note 5 - Goodwill and Intangibl

Note 5 - Goodwill and Intangible Asset Impairment	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 5 We apply a fair value-based impairment test to the carrying value of goodwill and indefinite-lived intangible assets on an annual basis (as of October 1) may In 2020, 19 April 2020, second 2020. not April 30, 2020. December 31, 2020 June 30, 2021 December 31, 2020. no As a result of the same factors that necessitated an interim impairment test for goodwill, we completed an interim impairment test, as of April 30, 2020, December 31, 2020. June 30, 2021 Our impairment test uses discounted cash flow and multiples of cash earnings valuation techniques, acquisition control premium and valuation comparisons to similar businesses to determine the fair value of a reporting unit. Each of these methods involves Level 3 April 30, 2020, third may As of June 30, 2021 no not three six June 30, 2021

Note 6 - Long-term Debt

Note 6 - Long-term Debt	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Long-term Debt [Text Block]	NOTE 6 The components of our long-term debt are as follows (in millions): June 30, December 31, 2021 2020 Senior Secured Term Loan B, net of discount and issuance costs of $1 $ 297 $ 383 Global ABL Facility — — 297 383 Less: Current portion (1 ) (4 ) $ 296 $ 379 Senior Secured Term Loan B : September 2024, first not 1.00. second first first first no 2.75 1.00. first 2.50 1.00. April 2021 December 31, 2020. In March 2020, six June 30, 2020 Global ABL Facility : September 2022. first June 30, 2021 Interest on Borrowings June 30, 2021 December 31, 2020 June 30, December 31, 2021 2020 Senior Secured Term Loan B 5.42 % 4.93 % Global ABL Facility - % - % Weighted average interest rate 5.42 % 4.93 %

Note 7 - Redeemable Preferred S

Note 7 - Redeemable Preferred Stock	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Preferred Stock [Text Block]	NOTE 7 Preferred Stock Issuance In June 2015, June 2018, one six The Preferred Stock is convertible at the option of the holders into shares of common stock at an initial conversion rate of 55.9284 shares of common stock for each share of Preferred Stock, which represents an initial conversion price of $17.88 per share of common stock, subject to adjustment. The Company currently has the option to redeem, in whole but not June 10, 2022, not may not Holders of the Preferred Stock may, $1,000 $1,000 not

Note 8 - Stockholders' Equity

Note 8 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 8 Equity Compensation Plans Our 2011 April 2015 2019, 2011 no may not ten three no one one 2021 Accumulated Other Comprehensive Loss Accumulated other comprehensive loss in the accompanying consolidated balance sheets consists of the following (in millions): June 30, December 31, 2021 2020 Foreign currency translation adjustments $ (222 ) $ (222 ) Hedge accounting adjustments (8 ) (11 ) Pension related adjustments (1 ) (1 ) Accumulated other comprehensive loss $ (231 ) $ (234 ) Earnings per Share Earnings per share are calculated in the table below (in millions, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Net income (loss) $ 4 $ (281 ) $ 1 $ (272 ) Less: Dividends on Series A Preferred Stock 6 6 12 12 Net loss attributable to common stockholders $ (2 ) $ (287 ) $ (11 ) $ (284 ) Weighted average basic shares outstanding 82.6 82.0 82.5 81.9 Effect of dilutive securities - - - - Weighted average diluted shares outstanding 82.6 82.0 82.5 81.9 Net loss per share: Basic $ (0.02 ) $ (3.50 ) $ (0.13 ) $ (3.47 ) Diluted $ (0.02 ) $ (3.50 ) $ (0.13 ) $ (3.47 ) Equity awards and shares of Preferred Stock are disregarded in the calculation of diluted earnings per share if they are determined to be anti-dilutive. For the three six June 30, 2021 2020 three six June 30, 2021 three six June 30, 2020

Note 9 - Segment Information

Note 9 - Segment Information	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 9 Our business is comprised of three The following table presents financial information for each reportable segment (in millions): Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Sales U.S. $ 558 $ 474 $ 1,042 $ 1,112 Canada 30 28 62 78 International 98 100 191 206 Consolidated sales $ 686 $ 602 $ 1,295 $ 1,396 Operating income (loss) U.S. $ 7 $ (226 ) $ 6 $ (208 ) Canada - (2 ) - (2 ) International 3 (61 ) 7 (57 ) Total operating income (loss) 10 (289 ) 13 (267 ) Interest expense (6 ) (7 ) (12 ) (15 ) Other, net 1 (2 ) 1 (2 ) Income (loss) before income taxes $ 5 $ (298 ) $ 2 $ (284 ) June 30, December 31, 2021 2020 Total assets U.S. $ 1,493 $ 1,506 Canada 49 53 International 203 222 Total assets $ 1,745 $ 1,781 Our sales by product line are as follows (in millions): Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Type 2021 2020 2021 2020 Line pipe $ 100 $ 80 $ 165 $ 180 Carbon fittings and flanges 88 73 173 188 Total carbon pipe, fittings and flanges 188 153 338 368 Valves, automation, measurement and instrumentation 243 249 484 572 Gas products 162 114 296 248 Stainless steel and alloy pipe and fittings 36 30 65 67 General products 57 56 112 141 $ 686 $ 602 $ 1,295 $ 1,396

Note 10 - Fair Value Measuremen

Note 10 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 10 From time to time, we use derivative financial instruments to help manage our exposure to interest rate risk and fluctuations in foreign currencies. Interest Rate Swap : March 2018, five March 31, 2018, 1 zero We have designated the interest rate swap as an effective cash flow hedge utilizing the guidance under ASU 2017 12. 2 June 30, 2021 December 31, 2020 Foreign Exchange Forward Contracts : 2 not June 30, 2021 December 31, 2020 not June 30, 2021 December 31, 2020 With the exception of long-term debt, the fair values of our financial instruments, including cash and cash equivalents, accounts receivable, trade accounts payable and accrued liabilities approximate carrying value. The carrying value of our debt was $297 million and $383 million at June 30, 2021 December 31, 2020 2 June 30, 2021 December 31, 2020

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 11 Litigation Asbestos Claims. one third June 30, 2021 No third not Other Legal Claims and Proceedings. not Product Claims. may may Customer Contracts We have contracts and agreements with many of our customers that dictate certain terms of our sales arrangements (pricing, deliverables, etc.). While we make every effort to abide by the terms of these contracts, certain provisions are complex and often subject to varying interpretations. Under the terms of these contracts, our customers have the right to audit our adherence to the contract terms. Historically, any settlements that have resulted from these customer audits have not Purchase Commitments We have purchase obligations consisting primarily of inventory purchases made in the normal course of business to meet operating needs. While our vendors often allow us to cancel these purchase orders without penalty, in certain cases, cancellations may

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation : 10 01 X not three six June 30, 2021 not December 31, 2021. December 31, 2020 December 31, 2020 December 31, 2020 The consolidated financial statements include the accounts of MRC Global Inc. and its wholly owned and majority owned subsidiaries (collectively referred to as the “Company” or by such terms as “we,” “our” or “us”). All material intercompany balances and transactions have been eliminated in consolidation.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements : August 2020, 2020 06, Debt – Debt with Conversion and Other Options and Derivative Hedging – Contracts in Entity’s Own Equity (Subtopic 815 40 2020 06" December 15, 2021, 2020 06 In March 2020, 2020 04, Reference Rate Reform (Topic 848 2020 04" March 12, 2020 December 31, 2022. 2020 04 Adoption of New Accounting Standards December 2019, 2019 12, Income Taxes (Topic 740 740 January 1, 2021 not

Note 2 - Revenue Recognition (T

Note 2 - Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, U.S. Canada International Total 2021: Gas utilities $ 267 $ 2 $ — $ 269 Downstream & industrial 136 5 50 191 Upstream production 81 21 41 143 Midstream pipeline 74 2 7 83 $ 558 $ 30 $ 98 $ 686 2020: Gas utilities $ 200 $ 5 $ — $ 205 Downstream & industrial 126 2 48 176 Upstream production 66 18 50 134 Midstream pipeline 82 3 2 87 $ 474 $ 28 $ 100 $ 602 Six Months Ended June 30, U.S. Canada International Total 2021: Gas utilities $ 476 $ 3 $ — $ 479 Downstream & industrial 274 9 102 385 Upstream production 149 44 77 270 Midstream pipeline 143 6 12 161 $ 1,042 $ 62 $ 191 $ 1,295 2020: Gas utilities $ 399 $ 8 $ — $ 407 Downstream & industrial 316 8 103 427 Upstream production 205 55 96 356 Midstream pipeline 192 7 7 206 $ 1,112 $ 78 $ 206 $ 1,396

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2021 2020 Finished goods inventory at average cost: Valves, automation, measurement and instrumentation $ 250 $ 279 Carbon steel pipe, fittings and flanges 152 156 All other products 252 229 654 664 Less: Excess of average cost over LIFO cost (LIFO reserve) (151 ) (136 ) Less: Other inventory reserves (19 ) (19 ) $ 484 $ 509

Note 4 - Leases (Tables)

Note 4 - Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Maturity of Operating Lease Liabilities Remainder of 2021 $ 22 2022 35 2023 29 2024 25 2025 20 After 2025 203 Total lease payments 334 Less: Interest (123 ) Present value of lease liabilities $ 211
Lease, Cost [Table Text Block]	June 30, Operating Lease Term and Discount Rate 2021 Weighted-average remaining lease term (years) 14 Weighted-average discount rate 6.8 %

Note 6 - Long-term Debt (Tables

Note 6 - Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, December 31, 2021 2020 Senior Secured Term Loan B, net of discount and issuance costs of $1 $ 297 $ 383 Global ABL Facility — — 297 383 Less: Current portion (1 ) (4 ) $ 296 $ 379
Schedule of Interest Rates on Borrowings [Table Text Block]	June 30, December 31, 2021 2020 Senior Secured Term Loan B 5.42 % 4.93 % Global ABL Facility - % - % Weighted average interest rate 5.42 % 4.93 %

Note 8 - Stockholders' Equity (

Note 8 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	June 30, December 31, 2021 2020 Foreign currency translation adjustments $ (222 ) $ (222 ) Hedge accounting adjustments (8 ) (11 ) Pension related adjustments (1 ) (1 ) Accumulated other comprehensive loss $ (231 ) $ (234 )
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Net income (loss) $ 4 $ (281 ) $ 1 $ (272 ) Less: Dividends on Series A Preferred Stock 6 6 12 12 Net loss attributable to common stockholders $ (2 ) $ (287 ) $ (11 ) $ (284 ) Weighted average basic shares outstanding 82.6 82.0 82.5 81.9 Effect of dilutive securities - - - - Weighted average diluted shares outstanding 82.6 82.0 82.5 81.9 Net loss per share: Basic $ (0.02 ) $ (3.50 ) $ (0.13 ) $ (3.47 ) Diluted $ (0.02 ) $ (3.50 ) $ (0.13 ) $ (3.47 )

Note 9 - Segment Information (T

Note 9 - Segment Information (Tables)	6 Months Ended
	Jun. 30, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2021 2020 2021 2020 Sales U.S. $ 558 $ 474 $ 1,042 $ 1,112 Canada 30 28 62 78 International 98 100 191 206 Consolidated sales $ 686 $ 602 $ 1,295 $ 1,396 Operating income (loss) U.S. $ 7 $ (226 ) $ 6 $ (208 ) Canada - (2 ) - (2 ) International 3 (61 ) 7 (57 ) Total operating income (loss) 10 (289 ) 13 (267 ) Interest expense (6 ) (7 ) (12 ) (15 ) Other, net 1 (2 ) 1 (2 ) Income (loss) before income taxes $ 5 $ (298 ) $ 2 $ (284 ) June 30, December 31, 2021 2020 Total assets U.S. $ 1,493 $ 1,506 Canada 49 53 International 203 222 Total assets $ 1,745 $ 1,781
Schedule of Net Sales by Product Line [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, Type 2021 2020 2021 2020 Line pipe $ 100 $ 80 $ 165 $ 180 Carbon fittings and flanges 88 73 173 188 Total carbon pipe, fittings and flanges 188 153 338 368 Valves, automation, measurement and instrumentation 243 249 484 572 Gas products 162 114 296 248 Stainless steel and alloy pipe and fittings 36 30 65 67 General products 57 56 112 141 $ 686 $ 602 $ 1,295 $ 1,396

Note 2 - Revenue Recognition (D

Note 2 - Revenue Recognition (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Contract with Customer, Asset, after Allowance for Credit Loss, Total	$ 12		$ 12		$ 17
Contract with Customer, Liability, Total	6		6		$ 6
Contract with Customer, Liability, Revenue Recognized	$ 2	$ 2	$ 5	$ 4

Note 2 - Revenue Recognition -

Note 2 - Revenue Recognition - Disaggregated Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Sales	$ 686	$ 602	$ 1,295	$ 1,396
Gas Utilities [Member]
Sales	269	205	479	407
Downstream [Member]
Sales	191	176	385	427
Upstream [Member]
Sales	143	134	270	356
Midstream [Member]
Sales	83	87	161	206
UNITED STATES
Sales	558	474	1,042	1,112
UNITED STATES | Gas Utilities [Member]
Sales	267	200	476	399
UNITED STATES | Downstream [Member]
Sales	136	126	274	316
UNITED STATES | Upstream [Member]
Sales	81	66	149	205
UNITED STATES | Midstream [Member]
Sales	74	82	143	192
CANADA
Sales	30	28	62	78
CANADA | Gas Utilities [Member]
Sales	2	5	3	8
CANADA | Downstream [Member]
Sales	5	2	9	8
CANADA | Upstream [Member]
Sales	21	18	44	55
CANADA | Midstream [Member]
Sales	2	3	6	7
International [Member]
Sales	98	100	191	206
International [Member] | Gas Utilities [Member]
Sales	0	0	0	0
International [Member] | Downstream [Member]
Sales	50	48	102	103
International [Member] | Upstream [Member]
Sales	41	50	77	96
International [Member] | Midstream [Member]
Sales	$ 7	$ 2	$ 12	$ 7

Note 3 - Inventories - Inventor

Note 3 - Inventories - Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Finished goods inventory at average cost	$ 654	$ 664
Less: Excess of average cost over LIFO cost (LIFO reserve)	(151)	(136)
Less: Other inventory reserves	(19)	(19)
Inventory, Net, Total	484	509
Valves, Automation, Measurement and Instrumentation [Member]
Finished goods inventory at average cost	250	279
Carbon Steel Pipe, Fittings and Flanges [Member]
Finished goods inventory at average cost	152	156
All Other Products [Member]
Finished goods inventory at average cost	$ 252	$ 229

Note 4 - Leases (Details Textua

Note 4 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating Lease, Expense	$ 10	$ 9	$ 19	$ 19
Operating Lease, Payments	$ 8	$ 11	$ 19	$ 22
Minimum [Member]
Lessee, Operating Lease, Renewal Term (Year)	1 year		1 year
Maximum [Member]
Lessee, Operating Lease, Renewal Term (Year)	15 years		15 years
Lessee, Operating Lease, Term of Contract (Year)	30 years		30 years

Note 4 - Leases - Maturity of L

Note 4 - Leases - Maturity of Lease Liabilities (Details) $ in Millions	Jun. 30, 2021USD ($)
Remainder of 2021	$ 22
2022	35
2023	29
2024	25
2025	20
After 2025	203
Total lease payments	334
Less: Interest	(123)
Present value of lease liabilities	$ 211

Note 4 - Leases - Term and Disc

Note 4 - Leases - Term and Discount Rate Associated with Leases (Details)	Jun. 30, 2021
Weighted-average remaining lease term (Year)	14 years
Weighted-average discount rate	6.80%

Note 5 - Goodwill and Intangi_2

Note 5 - Goodwill and Intangible Asset Impairment (Details Textual) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Apr. 30, 2020
Goodwill, Impairment Loss			$ 217,000
Goodwill, Ending Balance	$ 264,000	$ 264,000	264,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)			25,000
Indefinite-Lived Trade Names	107,000	107,000
Goodwill and Intangible Asset Impairment, Total	0	0
Minimum [Member] | Measurement Input, Discount Rate [Member]
Reporting Units, Measurement Input				0.0975
Maximum [Member] | Measurement Input, Discount Rate [Member]
Reporting Units, Measurement Input				0.1125
UNITED STATES
Goodwill, Impairment Loss			177,000
Goodwill, Ending Balance	264,000	264,000	264,000
International [Member]
Goodwill, Impairment Loss			$ 40,000
Goodwill, Ending Balance	0	0
CANADA
Goodwill, Ending Balance	$ 0	$ 0

Note 6 - Long-term Debt (Detail

Note 6 - Long-term Debt (Details Textual) $ in Millions	May 01, 2018USD ($)	Apr. 30, 2021USD ($)	Mar. 31, 2020USD ($)	May 31, 2018USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)
Global ABL Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 800
Line of Credit Facility, Additional Borrowing Capacity subject to Additional Commitments						200
Line of Credit Facility, Remaining Borrowing Capacity						444
Global ABL Facility [Member] | UNITED STATES
Line of Credit Facility, Maximum Borrowing Capacity						675
Global ABL Facility [Member] | CANADA
Line of Credit Facility, Maximum Borrowing Capacity						65
Global ABL Facility [Member] | NORWAY
Line of Credit Facility, Maximum Borrowing Capacity						18
Global ABL Facility [Member] | AUSTRALIA
Line of Credit Facility, Maximum Borrowing Capacity						15
Global ABL Facility [Member] | NETHERLANDS
Line of Credit Facility, Maximum Borrowing Capacity						13
Global ABL Facility [Member] | UNITED KINGDOM
Line of Credit Facility, Maximum Borrowing Capacity						7
Global ABL Facility [Member] | BELGIUM
Line of Credit Facility, Maximum Borrowing Capacity						$ 7
Senior Secured Term Loan B [Member]
Extinguishment of Debt, Amount			$ 3
Repayments of Long-term Debt, Total			$ 2
Gain (Loss) on Extinguishment of Debt, Total					$ 1
Secured Debt [Member] | Senior Secured Term Loan B [Member]
Debt Instrument, Face Amount				$ 400
Senior Secured Term Loan Maximum Borrowing Capacity				$ 200
Term Loan Senior Secured Leverage Ratio				4
Percentage Of Capital Stock In Foreign Subsidiaries				65.00%
Repayment Percentage Requirement Based on Excess Cash Flow and Leverage Ratio No More Than 2.75				25.00%
Repayment Percentage Requirement Based on Excess Cash Flow and Leverage Ratio Less Than or Equal 2.50				0.00%
Debt Instrument, Covenant, Net Leverage Ratio, Maximum Unrestricted Cash	$ 75
Debt Instrument, Excess Cash Flow Fee		$ 86
Secured Debt [Member] | Senior Secured Term Loan B [Member] | Maximum [Member]
Repayment Percentage Requirement Based on Excess Cash Flow and Leverage Ratio				50.00%
Secured Debt [Member] | Senior Secured Term Loan B [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				3.00%
Secured Debt [Member] | Senior Secured Term Loan B [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				2.00%
Secured Debt [Member] | Senior Secured Term Loan B [Member] | Measurement Input, Prepayment Rate [Member]
Debt Instrument, Measurement Input				0.01

Note 6 - Long-term Debt - Compo

Note 6 - Long-term Debt - Components of Long-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Long-term debt	$ 297	$ 383
Less: Current portion	(1)	(4)
Long-term Debt, Excluding Current Maturities, Total	296	379
Global ABL Facility [Member]
Long-term debt	0	0
Secured Debt [Member]
Long-term debt	$ 297	$ 383

Note 6 - Long-term Debt - Inter

Note 6 - Long-term Debt - Interest on Borrowings (Details)	Jun. 30, 2021	Dec. 31, 2020
Senior Secured Term Loan B and Global ABL Facility [Member]
Weighted average interest rate	5.42%	4.93%
Global ABL Facility [Member]
Weighted average interest rate	0.00%	0.00%
Senior Secured Term Loan B [Member]
Weighted average interest rate	5.42%	4.93%

Note 7 - Redeemable Preferred_2

Note 7 - Redeemable Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Jun. 30, 2015	Jun. 30, 2021	Dec. 31, 2020
Temporary Equity, Shares Issued (in shares)		363,000	363,000
Temporary Equity, Dividend Rate, Percentage		6.50%	6.50%
Series A Preferred Stock [Member]
Temporary Equity, Shares Issued (in shares)	363,000
Proceeds from Issuance of Preferred Stock and Preference Stock, Before Issuance Costs	$ 363
Temporary Equity, Redemption Price Per Share (in dollars per share)	$ 1,000
Temporary Equity, Dividend Rate, Percentage	6.50%
Convertible Preferred Stock, Shares Issued upon Conversion (in shares)	55.9284
Convertible Preferred Stock, Initial Conversion Price (in dollars per share)	$ 17.88
Convertible Preferred Stock, Redemption Option, Percentage of Par Value	105.00%
Convertible Preferred Stock, Common Stock as Percentage of Conversion Price	150.00%

Note 8 - Stockholders' Equity_2

Note 8 - Stockholders' Equity (Details Textual) - shares	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2015	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)			4,100,000	4,500,000	4,300,000	4,200,000
The 2011 Omnibus Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)							3,250,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)	2,500,000	4,250,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					11,007,097
The 2011 Omnibus Incentive Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					366,799
The 2011 Omnibus Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					104,388
The 2011 Omnibus Incentive Plan [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					1,004,267
The 2011 Omnibus Incentive Plan [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)					1 year
The 2011 Omnibus Incentive Plan [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)					10 years
The 2011 Omnibus Incentive Plan [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)					3 years

Note 8 - Stockholders' Equity -

Note 8 - Stockholders' Equity - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accumulated other comprehensive loss	$ 347	$ 344	$ 350	$ 341	$ 617	$ 642
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated other comprehensive loss	(222)		(222)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated other comprehensive loss	(8)		(11)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated other comprehensive loss	(1)		(1)
AOCI Attributable to Parent [Member]
Accumulated other comprehensive loss	$ (231)	$ (234)	$ (234)	$ (251)	$ (259)	$ (232)

Note 8 - Stockholders' Equity_3

Note 8 - Stockholders' Equity - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Net income (loss)	$ 4	$ (3)	$ (281)	$ 9	$ 1	$ (272)
Less: Dividends on Series A Preferred Stock	6		6		12	12
Net loss attributable to common stockholders	$ (2)		$ (287)		$ (11)	$ (284)
Weighted average basic shares outstanding (in shares)	82.6		82		82.5	81.9
Effect of dilutive securities (in shares)	0		0		0	0
Weighted average diluted shares outstanding (in shares)	82.6		82		82.5	81.9
Basic (in dollars per share)	$ (0.02)		$ (3.50)		$ (0.13)	$ (3.47)
Diluted (in dollars per share)	$ (0.02)		$ (3.50)		$ (0.13)	$ (3.47)

Note 9 - Segment Information (D

Note 9 - Segment Information (Details Textual)	6 Months Ended
	Jun. 30, 2021
Number of Operating Segments	3
Number of Reportable Segments	3

Note 9 - Segment Information -

Note 9 - Segment Information - Financial Information for Each Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Sales	$ 686	$ 602	$ 1,295	$ 1,396
Operating income (loss)	10	(289)	13	(267)
Operating income (loss)	(10)	289	(13)	267
Interest expense	6	7	12	15
Other, net	1	(2)	1	(2)
Income (loss) before income taxes	5	(298)	2	(284)
Total assets	1,745		1,745		$ 1,781
United States [Member]
Sales	558	474	1,042	1,112
Operating income (loss)	7	(226)	6	(208)
Operating income (loss)	(7)	226	(6)	208
Total assets	1,493		1,493		1,506
Canada [Member]
Sales	30	28	62	78
Operating income (loss)	0	(2)	0	(2)
Operating income (loss)	0	2	0	2
Total assets	49		49		53
International [Member]
Sales	98	100	191	206
Operating income (loss)	3	(61)	7	(57)
Operating income (loss)	(3)	$ 61	(7)	$ 57
Total assets	$ 203		$ 203		$ 222

Note 9 - Segment Information _2

Note 9 - Segment Information - Sales by Product Line (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Sales	$ 686	$ 602	$ 1,295	$ 1,396
Line Pipe [Member]
Sales	100	80	165	180
Carbon Fittings and Flanges [Member]
Sales	88	73	173	188
Carbon Pipe, Fittings and Flanges [Member]
Sales	188	153	338	368
Valves, Automation, Measurement and Instrumentation [Member]
Sales	243	249	484	572
Gas Products [Member]
Sales	162	114	296	248
Stainless Steel and Alloy Pipe and Fittings [Member]
Sales	36	30	65	67
General Oilfield Products [Member]
Sales	$ 57	$ 56	$ 112	$ 141

Note 10 - Fair Value Measurem_2

Note 10 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2018	Jun. 30, 2021	Dec. 31, 2020
Long-term Debt, Gross		$ 297,000	$ 383,000
Fair Value, Inputs, Level 2 [Member]
Long-term Debt, Fair Value		297,000	372,000
Interest Rate Swap [Member]
Derivative, Term of Contract (Year)	5 years
Derivative, Notional Amount	$ 250,000
Derivative, Fixed Interest Rate	2.7145%
Derivative, Fair Value, Net, Total	$ 0	(11,000)	(14,000)
Foreign Exchange Contract [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative, Notional Amount		$ 2,000	$ 3,000

Note 11 - Commitments and Con_2

Note 11 - Commitments and Contingencies (Details Textual)	Jun. 30, 2021
Number of Lawsuits Filed	586
Loss Contingency, Pending Claims, Number, Ending Balance	1,152