Mohawk Industries (MHK) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 04, 2015	Jul. 29, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	MOHAWK INDUSTRIES INC
Entity Central Index Key	851,968
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 4, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		73,913,457

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 04, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 171,087	$ 97,877
Receivables, net	1,387,687	1,081,963
Inventories	1,592,403	1,543,313
Prepaid expenses	263,477	225,759
Deferred income taxes	153,574	151,784
Other current assets	40,394	31,574
Total current assets	3,608,622	3,132,270
Property, plant and equipment	5,526,290	5,130,213
Less: accumulated depreciation	2,511,539	2,427,003
Property, plant and equipment, net	3,014,751	2,703,210
Goodwill	2,294,214	1,604,352
Tradenames	644,896	622,691
Other intangible assets subject to amortization, net	286,400	79,318
Deferred income taxes and other non-current assets	316,787	143,703
Total assets	10,165,670	8,285,544
Current liabilities:
Current portion of long-term debt and commercial paper	1,698,044	851,305
Accounts payable and accrued expenses	1,303,487	1,104,509
Total current liabilities	3,001,531	1,955,814
Deferred income taxes	518,065	401,674
Long-term debt, less current portion	1,777,828	1,402,135
Other long-term liabilities	232,060	103,108
Total liabilities	$ 5,529,484	$ 3,862,731
Commitments and contingencies (Note 13)
Redeemable noncontrolling interest	$ 21,304	$ 0
Stockholders' equity:
Preferred stock, $.01 par value; 60 shares authorized; no shares issued	0	0
Common stock, $.01 par value; 150,000 shares authorized; 81,265 and 81,070 shares issued in 2015 and 2014, respectively	821	811
Additional paid-in capital	1,752,512	1,598,887
Retained earnings	3,696,272	3,487,079
Accumulated other comprehensive loss	(625,572)	(429,321)
Stockholders' Equity before Treasury Stock	4,824,033	4,657,456
Less treasury stock at cost; 7,351 and 8,157 shares in 2015 and 2014, respectively	215,799	239,450
Total Mohawk Industries, Inc. stockholders' equity	4,608,234	4,418,006
Nonredeemable noncontrolling interest	6,648	4,807
Total stockholders' equity	4,614,882	4,422,813
Total liabilities and shareholders' equity	$ 10,165,670	$ 8,285,544

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jul. 04, 2015	Dec. 31, 2014
Stockholders' equity:
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	60,000	60,000
Preferred stock, issued (in shares)	0	0
Common stock, par value (in usd per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	81,265,000	81,070,000
Treasury stock, shares (in shares)	7,351,000	8,157,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Income Statement [Abstract]
Net sales	$ 2,041,733	$ 2,048,247	$ 3,922,910	$ 3,861,342
Cost of sales	1,426,604	1,473,435	2,795,838	2,805,175
Gross profit	615,129	574,812	1,127,072	1,056,167
Selling, general and administrative expenses	359,313	352,564	827,482	703,184
Operating income	255,816	222,248	299,590	352,983
Interest expense	16,838	20,702	33,287	42,798
Other (income) expense, net	2,928	(1,555)	1,845	3,335
Earnings from continuing operations before income taxes	236,050	203,101	264,458	306,850
Income tax expense	49,276	50,240	55,180	72,936
Net earnings including noncontrolling interests	186,774	152,861	209,278	233,914
Net income attributable to noncontrolling interests	282	111	440	83
Net earnings attributable to Mohawk Industries, Inc.	$ 186,492	$ 152,750	$ 208,838	$ 233,831
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 2.54	$ 2.10	$ 2.85	$ 3.21
Weighted-average common shares outstanding-basic (in shares)	73,264	72,832	73,123	72,788
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 2.53	$ 2.08	$ 2.83	$ 3.19
Weighted-average common shares outstanding-diluted (in shares)	73,756	73,297	73,644	73,302

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 186,774	$ 152,861	$ 209,278	$ 233,914
Other comprehensive income (loss):
Foreign currency translation adjustments	29,826	19,768	(196,333)	(43,314)
Pension prior service cost and actuarial gain	(4)	2	82	4
Other comprehensive income (loss)	29,822	19,770	(196,251)	(43,310)
Comprehensive income	216,596	172,631	13,027	190,604
Comprehensive income attributable to noncontrolling interests	282	111	440	83
Comprehensive income attributable to Mohawk Industries, Inc.	$ 216,314	$ 172,520	$ 12,587	$ 190,521

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014
Cash flows from operating activities:
Net earnings	$ 209,278	$ 233,914
Adjustments to reconcile net earnings to net cash provided by operating activities:
Restructuring	13,818	8,751
Depreciation and amortization	173,667	164,738
Deferred income taxes	(12,700)	(21,984)
Loss on disposal of property, plant and equipment	486	700
Stock-based compensation expense	16,196	14,197
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net	(187,674)	(200,684)
Inventories	37,446	(74,600)
Accounts payable and accrued expenses	81,727	(1,314)
Other assets and prepaid expenses	(126,104)	(13,951)
Other liabilities	61,379	(11,893)
Net cash provided by operating activities	267,519	97,874
Cash flows from investing activities:
Additions to property, plant and equipment	(228,422)	(249,697)
Acquisitions, net of cash acquired	(1,201,156)	19
Net cash used in investing activities	(1,429,578)	(249,678)
Cash flows from financing activities:
Payments on Senior Credit Facilities	(339,264)	(1,212,295)
Proceeds from Senior Credit Facilities	756,327	875,983
Payments on Commercial Paper	(9,081,800)	(2,213,101)
Proceeds from Commercial Paper	9,321,200	2,773,101
Proceeds from 2.00% Senior Notes	564,653	0
Payments of acquired debt and other financings	(355)	(12,292)
Payments on other debt	0	(52,793)
Debt issuance costs	(6,867)	0
Proceeds from issuance of restricted stock units	9,873	0
Change in outstanding checks in excess of cash	5,737	2,938
Proceeds and net tax benefit from stock transactions	9,509	6,822
Net cash provided by financing activities	1,239,013	168,363
Effect of exchange rate changes on cash and cash equivalents	(3,744)	(581)
Net change in cash and cash equivalents	73,210	15,978
Cash and cash equivalents, beginning of period	97,877	54,066
Cash and cash equivalents, end of period	$ 171,087	$ 70,044

General

General	6 Months Ended
	Jul. 04, 2015
Accounting Policies [Abstract]
General	General 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 2014 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. Segment Realignment During the second quarter of 2015, the Company realigned its reportable segments to reflect how the Company’s results will be reported by management. The Company has reorganized the business into three segments - Global Ceramic, Flooring North America ("Flooring NA") and Flooring Rest of the World ("Flooring ROW"). In order to leverage its relationship and distribution capabilities, the Company organized its carpet, wood, laminate and vinyl operations by geography into the Flooring NA segment and Flooring ROW segment with no change in the Global Ceramic segment. Previously reported segment results have been reclassified to conform to the current period presentation. This new segment structure is consistent with the strategic objective that management now applies to manage the growth and profitability of the Company’s business. The Global Ceramic segment includes all worldwide tile and natural stone operations. There is no change in this segment. The Flooring NA segment includes North American operations in all product categories except tile and natural stone. The new segment combines the former Carpet segment with the North American operations of the former Laminate and Wood segment and the North American operations of the Company’s newly acquired vinyl flooring businesses. The Flooring ROW segment includes operations outside of North America in all product categories except tile and natural stone. The new segment combines the European and Rest of the World operations of the former Laminate and Wood segment and the European and Rest of the World operations of the Company’s newly acquired vinyl flooring businesses. Hedges of Net Investments in Non-U.S. Operations The Company has numerous investments outside the United States. The net assets of these subsidiaries are exposed to changes and volatility in currency exchange rates. The Company uses foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. The gains and losses on the Company's net investments in its non-U.S. operations are economically offset by losses and gains on its foreign currency borrowings. The Company designated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its overall European operations. For the three and six months ended July 4, 2015 , the change in the debt’s value of $8,912 ( $5,570 net of taxes), is recorded in the currency translation adjustment component of accumulated other comprehensive income (losses), which offsets the translation of the net investment of its European operations. Recent Accounting Pronouncements In April 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity . Under ASU 2014-08, only disposals representing a strategic shift in operations should be presented as discontinued operations. Those strategic shifts should have a major effect on the organization's operations and financial results. Additionally, ASU 2014-08 requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income and expenses of discontinued operations. ASU 2014-08 is effective for fiscal and interim periods beginning on or after December 15, 2014. Accordingly, the Company has adopted the provisions of this new accounting standard at the beginning of fiscal year 2015, and has assessed the impact on its consolidated financial statements to be immaterial. In May 2014, the FASB issued Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers . This topic converges the guidance within U.S. GAAP and International Financial Reporting Standards ("IFRS") and supersedes ASC 605, Revenue Recognition. The new standard requires companies to recognize revenue to depict the transfer of goods or services to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. The new standard will also result in enhanced disclosures about revenue, provide guidance for transactions that were not previously addressed comprehensively, and improve guidance for multiple-element arrangements. The new guidance is effective for annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period and early application is not permitted. On July 9, 2015, the FASB decided to defer the effective date of ASC 606 for one year. The deferral results in the new revenue standard being effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2017. The Company currently plans to adopt the provisions of this new accounting standard at the beginning of fiscal year 2018, and is currently assessing the impact on its consolidated financial statements. In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40). This topic is intended to define management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and to provide related footnote disclosures. For each reporting period, management will be required to evaluate whether there are conditions or events that raise substantial doubt about a company's ability to continue as a going concern within one year from the date financial statements are issued. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company does not expect that the adoption of this standard will have a material effect on its financial statements. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs . This topic converges the guidance within U.S. GAAP and IFRS. The new standard intends to simplify the presentation of debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, versus recording the costs as a prepaid expense in other assets that is amortized. The new standard will more closely align the presentation of debt issuance costs under U.S. GAAP with the presentation under comparable IFRS. The new guidance is effective for annual reporting periods beginning after December 15, 2015, including interim reporting periods within that reporting period and early application is permitted. Accordingly, the Company plans to adopt the provisions of this new accounting standard at the beginning of fiscal year 2016, and is currently assessing the impact on its consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory . This update changes the measurement principle for inventory for entities using FIFO or average cost from the lower of cost or market to lower of cost and net realizable value. Entities that measure inventory using LIFO or the retail inventory method are not affected. This update will more closely align the accounting for inventory under U.S. GAAP with IFRS. The new guidance is effective for annual reporting periods beginning after December 15, 2016 including interim periods within that reporting period and early adoption is permitted. The Company currently accounts for inventory using the FIFO method. Accordingly, the Company plans to adopt the provisions of this update at the beginning of fiscal year 2017, and is currently assessing the impact on its consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jul. 04, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions IVC Group On January 13, 2015 , the Company entered into a share purchase agreement (the “Share Purchase Agreement”) with Enterhold S.A., a Luxembourg societe anonyme (the “Seller”), to acquire all of the outstanding shares of International Flooring Systems S.A., a Luxembourg societe anonyme , and its subsidiaries (collectively, the “IVC Group”). The IVC Group is a global manufacturer, distributor and marketer of luxury vinyl tile ("LVT") and sheet vinyl. On June 12, 2015 , pursuant to the terms of the Share Purchase Agreement, the Company completed the acquisition of IVC Group for $1,156,311 . The results of the IVC Group's operations have been included in the consolidated financial statements since that date in the Flooring NA and the Flooring ROW segments. The IVC Group acquisition will position the Company as a major participant in both the fast growing LVT category and the expanding fiberglass sheet vinyl business. Pursuant to the terms of the Share Purchase Agreement, the Seller will indemnify the Company for uncertain tax positions and tax liabilities that were incurred by the Seller. The Company has recorded these tax liabilities and related indemnification asset in the amount of $57,729 as of the acquisition date in other long-term liabilities and other long-term assets, respectively. The equity value of IVC Group was paid to the Seller in cash and in shares of the Company's common stock (the “Shares”). Pursuant to the Share Purchase Agreement, the Company (i) acquired the entire issued share capital of IVC Group and (ii) acquired $17,122 of indebtedness of the IVC Group, in exchange for a cash payment of $742,064 , debt paid of $261,152 , and 806 newly issued Shares for a value of $153,095 . The Company funded the cash portion of the IVC Group acquisition through a combination of proceeds from the 2.00% Senior Notes (as discussed in Note 14), cash on hand and borrowings under the 2015 Senior Credit Facility (as discussed in Note 14). KAI Group On May 12, 2015 , the Company purchased 90% of all outstanding shares of Advent KAI Luxembourg Holdings S.a r.l., a societe a respsonsabilite limitee , and its subsidiaries (collectively, the "KAI Group"), an eastern European ceramic tile floor manufacturer. The Company completed the acquisition of the KAI Group for $194,613 . The results of the KAI Group's operations have been included in the consolidated financial statements since the date of acquisition in the Global Ceramic segment. The KAI Group has a low cost position in the Bulgarian and Romanian markets. The combination with the Company will present opportunities to enhance the product offering, upgrade technology and expand exports to other countries. The remaining 10% ownership interest in the KAI Group is controlled by a third party. The 10% interest is subject to redemption provisions that are not solely within the Company’s control and therefore is recorded as a redeemable noncontrolling interest in the mezzanine section of the balance sheet for $21,304 . Pursuant to the share purchase agreement, the Company (i) acquired 90% of the issued share capital of the KAI Group and (ii) acquired $24 of indebtedness of the KAI Group, in exchange for a cash payment of $169,540 and debt paid of $25,073 . The Company accounted for the acquisitions of the IVC Group and the KAI Group (the “Acquisitions”) using the acquisition method of accounting, with the Company as the acquirer of the IVC Group and the KAI Group. The preliminary estimated combined consideration transferred of $1,350,924 , including debt paid and shares issued, was determined in accordance with the respective share purchase agreements. The preliminary consideration transferred is allocated to tangible and intangible assets and liabilities based upon their respective fair values. During the three and six months ended July 4, 2015, the Company incurred direct transaction costs of $3,701 and $4,678 , respectively, for the Acquisitions which were expensed as incurred in selling, general and administrative expenses. The following table summarizes the preliminary acquisition-date fair value of the consideration transferred for the Acquisitions and the estimated fair value of the consideration transferred to assets acquired and liabilities assumed as of the date of the Acquisitions, and the allocation of the aggregate purchase price of the IVC Group and the KAI Group acquisitions to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands): Fair value of assets, net of cash acquired $ 1,392,230 Noncontrolling interests in assets acquired (24,160 ) Assumed indebtedness (17,146 ) Consideration transferred $ 1,350,924 Working capital 143,108 Property, plant and equipment 363,570 Tradenames 48,563 Customer relationships 224,326 Goodwill 738,107 Other long-term assets 63,481 Long-term debt, including current portion (17,146 ) Other long-term liabilities (61,672 ) Deferred tax liability (127,253 ) Noncontrolling interest (24,160 ) Consideration transferred $ 1,350,924 The Company is continuing to obtain information to complete its valuation of intangible assets, as well as to determine the fair value of the acquired assets and liabilities including tax accounts, legal liabilities and other attributes. The purchase price allocation is preliminary until the Company obtains final information regarding these fair values. Intangible assets subject to amortization of $224,326 related to customer relationships have estimated lives of 12 to 14 years. In addition to the amortizable intangible assets, there is an additional $48,563 in indefinite-lived tradename intangible assets. The goodwill of $738,107 was allocated to the Company's segments as disclosed in Note 6, Goodwill and Intangible Assets. The factors contributing to the recognition of the amount of goodwill are based on strategic and synergistic benefits that are expected to be realized from the Acquisitions. These benefits include the opportunities to improve the Company's performance by leveraging best practices, operational expertise, product innovation and manufacturing assets. The recognized goodwill from the Acquisitions is not expected to be deductible for tax purposes. The amount of revenue and earnings of the Acquisitions since the acquisition date included in the consolidated statements of operations for the three and six months ended July 4, 2015 was not material. The results of operations for the Acquisitions were not significant to the Company's consolidated results of operations and, accordingly, the Company has not provided pro forma information relating to the Acquisitions. Other Acquisitions During the first quarter of 2015, the Company acquired certain assets of a distribution business in the Flooring ROW segment for $ 2,822 , resulting in a preliminary goodwill allocation of $ 2,659 .

Restructuring, acquisition and

Restructuring, acquisition and integration-related costs	6 Months Ended
	Jul. 04, 2015
Restructuring and Related Activities [Abstract]
Restructuring, acquisition and integration-related costs	Restructuring, acquisition and integration-related costs The Company incurs costs in connection with acquiring, integrating and restructuring acquisitions and in connection with its global cost-reduction/productivity initiatives. For example: • In connection with acquisition activity, the Company typically incurs costs associated with executing the transactions, integrating the acquired operations (which may include expenditures for consulting and the integration of systems and processes), and restructuring the combined company (which may include charges related to employees, assets and activities that will not continue in the combined company); and • In connection with the Company's cost-reduction/productivity initiatives, it typically incurs costs and charges associated with site closings and other facility rationalization actions and workforce reductions. Restructuring, acquisition transaction and integration-related costs consisted of the following during the three and six months ended July 4, 2015 and June 28, 2014 : Three Months Ended Six Months Ended July 4, 2015 June 28, 2014 July 4, 2015 June 28, 2014 Cost of sales Restructuring costs $ 10,463 (a) 3,475 20,307 (a) 5,534 Acquisition integration-related costs 1,878 3,280 2,010 6,858 Restructuring and integration-related costs $ 12,341 6,755 22,317 12,392 Selling, general and administrative expenses Restructuring costs $ (92 ) (a) 615 1,081 (a) 3,217 Acquisition transaction-related costs 3,701 — 4,678 — Acquisition integration-related costs 2,535 3,799 2,938 7,285 Restructuring, acquisition and integration-related costs $ 6,144 4,414 8,697 10,502 (a) The restructuring costs for 2015 and 2014 primarily relate to the Company's actions taken to lower its cost structure and improve efficiencies of manufacturing and distribution operations as the Company adjusted to changing economic conditions as well as actions related to the Company's acquisitions of the IVC Group, the KAI Group, Marazzi and Spano. During the three and six months ended July 4, 2015 , restructuring costs included accelerated depreciation of $3,210 and $7,570 , respectively. The restructuring activity for the six months ended July 4, 2015 is as follows: Lease impairments Asset write-downs Severance Other restructuring costs Total Balance as of December 31, 2014 $ 1,741 — 3,037 100 4,878 Provision - Global Ceramic segment — 1,141 — (824 ) 317 Provision - Flooring NA segment 1,877 5,416 1,700 2,487 11,480 Provision - Flooring ROW segment — 7,587 935 1,070 9,592 Cash payments (2,437 ) — (2,814 ) (3,593 ) (8,844 ) Non-cash items — (14,144 ) — 824 (13,320 ) Balance as of July 4, 2015 $ 1,181 — 2,858 64 4,103 The Company expects the remaining lease impairments, severance and other restructuring costs to be paid over the next four years.

Receivables, net

Receivables, net	6 Months Ended
	Jul. 04, 2015
Receivables [Abstract]
Receivables, net	Receivables, net Receivables, net are as follows: July 4, December 31, Customers, trade $ 1,397,615 1,081,493 Income tax receivable 13,113 12,301 Other 57,896 60,772 1,468,624 1,154,566 Less: allowance for discounts, returns, claims and doubtful accounts 80,937 72,603 Receivables, net $ 1,387,687 1,081,963

Inventories

Inventories	6 Months Ended
	Jul. 04, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories are as follows: July 4, December 31, Finished goods $ 1,076,806 1,021,188 Work in process 139,236 129,471 Raw materials 376,361 392,654 Total inventories $ 1,592,403 1,543,313

Goodwill and intangible assets

Goodwill and intangible assets	6 Months Ended
	Jul. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangible assets	Goodwill and intangible assets Pursuant to the segment realignment during the second quarter of 2015 , the Company has reclassified certain goodwill and intangible asset balances to reflect the new segment structure. See Note 1, General - Segment Realignment , for further information. ASC 350, Intangibles - Goodwill and Other , requires that goodwill be tested for impairment at least annually or on an interim basis if an event occurs requiring goodwill to be tested. During the second quarter of 2015 , the Company completed an assessment of any potential goodwill impairment for reporting units impacted by the segment realignment and determined that no impairment existed. The Company performs its annual testing during the fourth quarter. The components of goodwill and other intangible assets are as follows: Goodwill: Global Ceramic segment Flooring NA segment Flooring ROW segment Total Balance as of December 31, 2014 Goodwill $ 1,395,132 538,515 998,130 2,931,777 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) $ 863,202 195,461 545,689 1,604,352 Goodwill recognized or adjusted during the period $ 100,048 329,401 311,317 740,766 Currency translation during the period (106 ) — (50,798 ) (50,904 ) Balance as of July 4, 2015 Goodwill 1,495,074 867,916 1,258,649 3,621,639 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) $ 963,144 524,862 806,208 2,294,214 Intangible assets not subject to amortization: Tradenames Balance as of December 31, 2014 $ 622,691 Intangible assets acquired during the period 48,563 Currency translation during the period (26,358 ) Balance as of July 4, 2015 $ 644,896 Intangible assets subject to amortization: Gross carrying amounts: Customer Patents Other Total Balance as of December 31, 2014 $ 354,768 270,466 1,479 626,713 Intangible assets acquired during the period 223,825 — 501 224,326 Currency translation during the period (19,364 ) (23,179 ) — (42,543 ) Balance as of July 4, 2015 $ 559,229 247,287 1,980 808,496 Accumulated amortization: Customer Patents Other Total Balance as of December 31, 2014 $ 320,851 225,875 669 547,395 Amortization during the period 4,473 6,892 5 11,370 Currency translation during the period (17,301 ) (19,383 ) 15 (36,669 ) Balance as of July 4, 2015 $ 308,023 213,384 689 522,096 Intangible assets subject to amortization, net $ 251,206 33,903 1,291 286,400 Three Months Ended Six Months Ended July 4, June 28, July 4, June 28, Amortization expense $ 6,264 6,509 11,370 12,547 Estimated amortization expense for the years ending December 31 are as follows: 2015 $ 28,321 2016 34,864 2017 33,449 2018 24,757 2019 21,711

Accounts payable and accrued ex

Accounts payable and accrued expenses	6 Months Ended
	Jul. 04, 2015
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	Accounts payable and accrued expenses Accounts payable and accrued expenses are as follows: July 4, December 31, Outstanding checks in excess of cash $ 21,820 16,083 Accounts payable, trade 727,676 622,360 Accrued expenses 323,170 269,668 Product warranties 39,474 29,350 Accrued interest 28,914 28,365 Accrued compensation and benefits 162,433 138,683 Total accounts payable and accrued expenses $ 1,303,487 1,104,509

Accumulated other comprehensive

Accumulated other comprehensive income (loss)	6 Months Ended
	Jul. 04, 2015
Statement of Comprehensive Income [Abstract]
Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss) The changes in accumulated other comprehensive income by component, net of tax, for the six months ended July 4, 2015 are as follows: Foreign currency translation adjustments Pensions (a) Total Balance as of December 31, 2014 $ (428,505 ) (816 ) (429,321 ) Current period other comprehensive income (loss) before reclassifications (196,333 ) 82 (196,251 ) Balance as of July 4, 2015 $ (624,838 ) (734 ) (625,572 ) (a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 13 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 ).

Stock-based compensation

Stock-based compensation	6 Months Ended
	Jul. 04, 2015
Share-based Compensation [Abstract]
Stock-based compensation	Stock-based compensation The Company recognizes compensation expense for all share-based payments granted based on the grant-date fair value estimated in accordance with the provisions of the FASB ASC 718-10. Compensation expense is recognized on a straight-line basis over the options’ or other awards’ estimated lives for fixed awards with ratable vesting provisions. Under the Company’s 2012 Incentive Plan (“2012 Plan”), the Company's principal stock compensation plan as of May 9, 2012, the Company reserved up to a maximum of 3,200 shares of common stock for issuance upon the grant or exercise of stock options, restricted stock, restricted stock units (“RSUs”) and other types of awards, to directors and key employees through 2022 . Option awards are granted with an exercise price equal to the market price of the Company’s common stock on the date of the grant and generally vest between three and five years with a 10 -year contractual term. Restricted stock and RSUs are granted with a price equal to the market price of the Company’s common stock on the date of the grant and generally vest between three and five years . The Company did not grant any options for the three and six months ended July 4, 2015 and June 28, 2014 . The Company recognized stock-based compensation costs related to stock options of $18 ( $11 net of taxes) and $191 ( $121 net of taxes) for the three months ended July 4, 2015 and June 28, 2014 , respectively, which has been allocated to cost of sales and selling, general and administrative expenses. The Company recognized stock-based compensation costs related to stock options of $173 ( $109 net of taxes) and $474 ( $300 net of taxes) for the six months ended July 4, 2015 and June 28, 2014 , respectively, which has been allocated to cost of sales and selling, general and administrative expenses. Pre-tax unrecognized compensation expense for stock options granted to employees and outside directors, net of estimated forfeitures, was $72 as of July 4, 2015 , and will be recognized as expense over a weighted-average period of approximately 1.14 years. The fair value of the option award is estimated on the date of grant using the Black-Scholes-Merton valuation model. Expected volatility is based on the historical volatility of the Company’s common stock. The Company uses historical data to estimate option exercise and forfeiture rates within the valuation model. The Company granted 85 RSUs at a weighted-average grant-date fair value of $190.62 per unit for the three months ended July 4, 2015 . The Company granted 243 RSUs at a weighted-average grant-date fair value of $185.66 per unit for the six months ended July 4, 2015 . The Company did not grant any RSUs for the three months ended June 28, 2014 . The Company granted 189 RSUs at a weighted average grant-date fair value of $144.75 per unit for the six months ended June 28, 2014 . The Company recognized stock-based compensation costs related to the issuance of RSUs of $7,742 ( $5,177 net of taxes) and $6,392 ( $4,049 net of taxes) for the three months ended July 4, 2015 and June 28, 2014 , 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 $16,023 ( $10,423 net of taxes) and $13,723 ( $8,694 net of taxes) for the six months ended July 4, 2015 and June 28, 2014 , 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 $43,563 as of July 4, 2015 , and will be recognized as expense over a weighted-average period of approximately 2.56 years.

Other (income) expense, net

Other (income) expense, net	6 Months Ended
	Jul. 04, 2015
Other Nonoperating Income (Expense) [Abstract]
Other (income) expense, net	Other (income) expense, net Other (income) expense is as follows: Three Months Ended Six Months Ended July 4, June 28, July 4, June 28, Foreign currency (gains) losses, net $ 3,537 (1,033 ) 3,080 4,855 All other, net (609 ) (522 ) (1,235 ) (1,520 ) Total other (income) expense, net $ 2,928 (1,555 ) 1,845 3,335

Earnings per share

Earnings per share	6 Months Ended
	Jul. 04, 2015
Earnings Per Share [Abstract]
Earnings per share	Earnings per share Basic earnings per common share is computed by dividing earnings from continuing operations attributable to Mohawk Industries, Inc. by the weighted average number of common shares outstanding during each period. Diluted earnings per common share assumes the exercise of outstanding stock options and the vesting of RSUs using the treasury stock method when the effects of such assumptions are dilutive. A reconciliation of earnings from continuing operations 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 July 4, June 28, July 4, June 28, Earnings from continuing operations attributable to Mohawk Industries, Inc. $ 186,492 152,750 208,838 233,831 Accretion of redeemable noncontrolling interest (a) (160 ) — (160 ) — Net earnings available to common stockholders $ 186,332 152,750 208,678 233,831 Weighted-average common shares outstanding-basic and diluted: Weighted-average common shares outstanding—basic 73,264 72,832 73,123 72,788 Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net 492 465 521 514 Weighted-average common shares outstanding-diluted 73,756 73,297 73,644 73,302 Earnings per share from continuing operations attributable to Mohawk Industries, Inc. Basic $ 2.54 2.10 2.85 3.21 Diluted $ 2.53 2.08 2.83 3.19 (a) Represents the accretion of the Company's redeemable noncontrolling interest to redemption value. See Note 2, Acquisitions for further information.

Segment reporting

Segment reporting	6 Months Ended
	Jul. 04, 2015
Segment Reporting [Abstract]
Segment reporting	Segment reporting The Company has three reporting segments: the Global Ceramic segment, the Flooring NA segment and the Flooring ROW segment. The Global Ceramic segment designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone and other products, which it distributes primarily in North America, Europe and Russia through its network of regional distribution centers and Company-operated service centers using company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through Company-operated service centers, independent distributors, home center retailers, tile and flooring retailers and contractors. The Flooring NA segment designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, hardwood, laminate, and vinyl products, including LVT, which it distributes through its network of regional distribution centers and satellite warehouses using company-operated trucks, common carrier or rail transportation. The segment’s product lines are sold through various selling channels, including independent floor covering retailers, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial dealers and commercial end users. The Flooring ROW segment designs, manufactures, sources, licenses and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard ("MDF"), chipboards, other wood products, sheet vinyl and LVT, which it distributes primarily in Europe and Russia through various selling channels, which include retailers, independent distributors and home centers. The accounting policies for each operating segment are consistent with the Company’s policies for the consolidated financial statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income. Previously reported segment results have been reclassified to conform to the current period presentation. Segment information is as follows: Three Months Ended Six Months Ended July 4, June 28, July 4, June 28, Net sales: Global Ceramic segment $ 789,802 796,724 1,509,630 1,491,818 Flooring NA segment 920,337 895,912 1,767,248 1,676,243 Flooring ROW segment 331,622 357,738 646,364 695,804 Intersegment sales (28 ) (2,127 ) (332 ) (2,523 ) $ 2,041,733 2,048,247 3,922,910 3,861,342 Operating income (loss): Global Ceramic segment $ 121,189 106,407 206,516 167,066 Flooring NA segment 95,143 76,602 19,951 123,955 Flooring ROW segment 53,052 47,398 97,693 78,864 Corporate and intersegment eliminations (13,568 ) (8,159 ) (24,570 ) (16,902 ) $ 255,816 222,248 299,590 352,983 July 4, December 31, Assets: Global Ceramic segment $ 3,950,088 3,542,594 Flooring NA segment 3,182,465 2,587,151 Flooring ROW segment 2,710,895 1,909,487 Corporate and intersegment eliminations 322,222 246,312 $ 10,165,670 8,285,544

Commitments and contingencies

Commitments and contingencies	6 Months Ended
	Jul. 04, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Commitments and contingencies The Company is involved in litigation from time to time in the regular course of its business. 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. Beginning in August 2010, a series of civil lawsuits were initiated in several U.S. federal courts alleging that certain manufacturers of polyurethane foam products and competitors of the Company’s carpet underlay division had engaged in price fixing in violation of U.S. antitrust laws. The Company has been named as a defendant in a number of individual cases (the first filed on August 26, 2010), as well as in two consolidated amended class action complaints (the first filed on February 28, 2011, on behalf of a class of all direct purchasers of polyurethane foam products, and the second filed on March 21, 2011, on behalf of a class of indirect purchasers). All pending cases in which the Company has been named as a defendant were filed in or transferred to the U.S. District Court for the Northern District of Ohio for consolidated pre-trial proceedings under the name In re: Polyurethane Foam Antitrust Litigation, Case No. 1:10-MDL-02196. In these actions, the plaintiffs, on behalf of themselves and/or a class of purchasers, seek damages allegedly suffered as a result of alleged overcharges in the price of polyurethane foam products from at least 1999 to the present. Any damages actually awarded at trial are subject to being tripled under U.S. antitrust laws. On March 23, 2015, the Company entered into an agreement to settle all claims brought by the class of direct purchasers, and on April 30, 2015, the Company entered into an agreement to settle all claims brought by the class of indirect purchasers. Both settlement agreements are subject to court approval, which the Company expects to receive. The Company denies all allegations of wrongdoing but settled the class actions to avoid the uncertainty, risk, expense and distraction of protracted litigation. The Company remains a defendant in a number of cases involving other purchasers of polyurethane foam products not sold by the Company. On April 23, 2015, the Court consolidated twelve of these lawsuits involving non-class claims filed against the Company by direct purchasers of polyurethane foam. These consolidated cases had been scheduled for trial to begin August 18, 2015. The Company has agreements to settle all of the cases set for trial in August. In addition, the Company has executed agreements to settle nine additional individual cases. Five individual cases remain pending against the Company, all of which were brought by purchasers of polyurethane foam products not sold by the Company. The amount of the damages in the remaining cases varies or has not yet been specified by the plaintiffs. Each plaintiff also seeks attorney fees, pre-judgment and post-judgment interest, court costs and injunctive relief against future violations. In December 2011, the Company was named as a defendant in a Canadian Class action, Hi! Neighbor Floor Covering Co. Limited v. Hickory Springs Manufacturing Company, et al ., filed in the Superior Court of Justice of Ontario, Canada and Options Consommateures v. Vitafoam, Inc. et.al. , filed in the Superior Court of Justice of Quebec, Montreal, Canada, both of which allege similar claims against the Company as raised in the U.S. actions and seek unspecified damages and punitive damages. On June 12, 2015, the Company entered into an agreement to settle all claims brought by the class of Canadian plaintiffs. The Company continues to deny all allegations of wrongdoing but is settling to avoid the uncertainty, risk, expense and distraction of protracted litigation. During the three months ended April 4, 2015 the Company recorded a $125,000 charge within selling, general and administrative expenses for the settlement and defense of the antitrust cases. The Company believes that adequate provisions for resolution of all of these cases have been made. The Company does not believe that the ultimate outcome of the remaining cases will have a material adverse effect on its financial condition, but the resolution of such cases could have a material adverse effect on the Company’s results of operations, cash flows or liquidity in a given quarter or year. In January 2012, the Company received a €23,789 assessment from the Belgian tax authority related to its year ended December 31, 2008, asserting that the Company had understated its Belgian taxable income for that year. The Company filed a formal protest in the first quarter of 2012 refuting the Belgian tax authority's position. The Belgian tax authority set aside the assessment in the third quarter of 2012 and refunded all related deposits, including interest income of €1,583 earned on such deposits. However, on October 23, 2012, the Belgian tax authority notified the Company of its intent to increase the Company's taxable income for the year ended December 31, 2008 under a revised theory. On December 28, 2012, the Belgian tax authority issued assessments for the years ended December 31, 2005 and December 31, 2009, in the amounts of €46,135 and €35,567 , respectively, including penalties, but excluding interest. The Company filed a formal protest during the first quarter of 2013 relating to the new assessments. In September 2013, the Belgian tax authority denied the Company's protests, and the Company has brought these two years before the Court of First Appeal in Bruges. In December 2013, the Belgian tax authority issued additional assessments related to the years ended December 31, 2006, 2007, and 2010, in the amounts of €38,817 , €39,635 , and €43,117 , respectively, including penalties, but excluding interest. The Company filed formal protests during the first quarter of 2014, refuting the Belgian tax authority's position for each of the years assessed. In the quarter ended June 28, 2014, the Company received a formal assessment for the year ended December 31, 2008, totaling €30,131 , against which the Company also submitted its formal protest. All 4 additional years were brought before the Court of First Appeal in November 2014. In January of 2015, the Company met with the Court of First Appeal in Bruges and agreed with the Belgian tax authorities to consolidate and argue the issues regarding the years 2005 and 2009, and apply the ruling to all of the open years (to the extent there are no additional facts/procedural arguments in the other years). The Company continues to disagree with the views of the Belgian tax authority on this matter and will persist in its vigorous defense. Although there can be no assurances, the Company believes the ultimate outcome of these actions will not have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, liquidity or cash flows in a given quarter or year. 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 we are 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.

Debt

Debt	6 Months Ended
	Jul. 04, 2015
Debt Disclosure [Abstract]
Debt	Debt Senior Credit Facility On September 25, 2013 , the Company entered into a $1,000,000 , 5 -year, senior revolving credit facility (the "2013 Senior Credit Facility"). The 2013 Senior Credit Facility provided for a maximum of $1,000,000 of revolving credit, including limited amounts of credit in the form of letters of credit and swingline loans. The Company paid financing costs of $1,836 in connection with its 2013 Senior Credit Facility. These costs were deferred and, along with unamortized costs of $11,440 related to the Company’s previous credit facility, were amortized over the term of the 2013 Senior Credit Facility. On March 26, 2015, the Company amended and restated the 2013 Senior Credit Facility increasing its size from $1,000,000 to $1,800,000 and extending the maturity from September 25, 2018 to March 26, 2020 (the "2015 Senior Credit Facility"). The 2015 Senior Credit Facility eliminates certain provisions in the 2013 Senior Credit Facility, including those that: (a) accelerated the maturity date to 90 days prior to the maturity of senior notes due in January 2016 if certain specified liquidity levels were not met; and (b) required that certain subsidiaries guarantee the Company's obligations if the Company’s credit ratings fell below investment grade. The 2015 Senior Credit Facility also modified certain negative covenants to provide the Company with additional flexibility, including that to make acquisitions and incur indebtedness. At the Company's election, revolving loans under the 2015 Senior Credit Facility bear interest at annual rates equal to either (a) LIBOR for 1, 2, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 1.00% and 1.75% , or (b) the higher of the Wells Fargo Bank, National Association prime rate, the Federal Funds rate plus 0.5% , and a monthly LIBOR rate plus 1.0% , plus an applicable margin ranging between 0.00% and 0.75% . The Company also pays a commitment fee to the Lenders under the 2015 Senior Credit Facility on the average amount by which the aggregate commitments of the Lenders' exceed utilization of the 2015 Senior Credit Facility ranging from 0.10% to 0.225% per annum. 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). The obligations of the Company and its subsidiaries in respect of the 2015 Senior Credit Facility are unsecured. The 2015 Senior Credit Facility includes certain affirmative and negative covenants that impose restrictions on the Company's financial and business operations, including limitations on liens, subsidiary indebtedness, fundamental changes, asset dispositions, dividends and other similar restricted payments, transactions with affiliates, future negative pledges, and changes in the nature of the Company's business. These limitations are subject to exceptions. The Company is also required to maintain a Consolidated Interest Coverage Ratio of at least 3.0 to 1.0 and a Consolidated Net Leverage Ratio of no more than 3.75 to 1.0, each as of the last day of any fiscal quarter. The 2015 Senior Credit Facility also contains customary representations and warranties and events of default, subject to customary grace periods. The Company paid financing costs of $2,641 in connection with its 2015 Senior Credit Facility. These costs were deferred and, along with unamortized costs of $8,654 related to the Company’s 2013 Senior Credit Facility, are being amortized over the term of the 2015 Senior Credit Facility. As of July 4, 2015 , amounts utilized under the 2015 Senior Credit Facility included $606,739 of borrowings and $1,381 of standby letters of credit related to various insurance contracts and foreign vendor commitments. The outstanding borrowings of $541,000 under the Company's commercial paper program as of July 4, 2015 reduce the availability of the 2015 Senior Credit Facility. Taking the commercial paper borrowings into account, the Company has utilized $1,149,120 under the 2015 Senior Credit Facility resulting in a total of $650,880 available under the 2015 Senior Credit Facility. Commercial Paper On February 28, 2014 , the Company established a U.S. commercial paper program for the issuance of unsecured commercial paper in the United States capital markets. Under the commercial paper program, the Company issues commercial paper notes from time to time, subject to availability under the 2015 Senior Credit Facility, which the Company uses as a liquidity backstop. On May 21, 2015 , following the amendment and restatement of the 2013 Credit Facility, the Company expanded the amount of borrowings permitted under its commercial paper program from $1,000,000 to $1,800,000 . The commercial paper notes will have maturities ranging from one day to 397 days and will not be subject to voluntary prepayment by the Company or redemption prior to maturity. The commercial paper notes will rank pari passu with all of the Company's other unsecured and unsubordinated indebtedness. The proceeds from the sale of commercial paper notes will be available for general corporate purposes. The Company used the initial proceeds from the sale of commercial paper notes to repay borrowings under its 2013 Senior Credit Facility and certain of its industrial revenue bonds. As of July 4, 2015 , the amount utilized under the commercial paper program was $541,000 with a weighted-average interest rate and maturity period of 0.48% and 19 days, respectively. Senior Notes On June 9, 2015, the Company issued €500,000 aggregate principal amount of 2.00% Senior Notes due January 14, 2022 . The Notes are senior unsecured obligations of the Company and rank pari passu with all of the Company’s existing and future unsecured indebtedness. Interest on the Notes is payable annually in cash on January 14 of each year, commencing on January 14, 2016 . The Company paid financing costs of $4,226 in connection with the 2.00% Senior Notes. These costs were deferred and are being amortized over the term of the 2.00% Senior Notes. On January 31, 2013, the Company issued $600,000 aggregate principal amount of 3.85% Senior Notes due February 1, 2023 . The Company paid financing costs of $6,000 in connection with the 3.85% Senior Notes. These costs were deferred and are being amortized over the term of the 3.85% Senior Notes. On January 17, 2006, the Company issued $900,000 aggregate principal amount of 6.125% notes due January 15, 2016 . Interest payable on these notes is subject to adjustment if either Moody’s or S&P, or both, upgrades or downgrades the rating assigned to the Company. Each rating agency downgrade results in a 0.25% increase in the interest rate, subject to a maximum increase of 1% per rating agency. If later the rating of these notes improves, then the interest rates would be reduced accordingly. Each 0.25% increase in the interest rate of these notes would increase the Company’s interest expense by approximately $63 per quarter per $100,000 of outstanding notes. The current rate in effect is 6.125% . Any future downgrades in the Company’s credit ratings could increase the cost of its existing credit and adversely affect the cost of and ability to obtain additional credit in the future. On August 15, 2014 , the Company purchased for cash approximately $200,000 aggregate principal amount of its outstanding 6.125% senior notes due January 15, 2016 at a price equal to 107.73% of the principal amount, resulting in a premium to redeeming noteholders of approximately $15,450 and fees of $1,080 associated with the redemption. The premium as well as the fees are included in interest expense on the condensed consolidated statement of operations for the three and six months ended July 4, 2015 . On November 3, 2014, the Company purchased for cash approximately $54,400 aggregate principal amount of its outstanding 6.125% senior notes due January 15, 2016 at a price equal to 106.38% of the principal amount, resulting in a premium to redeeming noteholders of approximately $3,500 . The premium is included in interest expense on the condensed consolidated statement of operations as at July 4, 2015 . Accounts Receivable Securitization On December 19, 2012, the Company entered into a three -year on-balance sheet trade accounts receivable securitization agreement (the "Securitization Facility"). On September 11, 2014, the Company made certain modifications to its Securitization Facility, which modifications, among other things, increased the aggregate borrowings available under the facility from $300,000 to $500,000 and decreased the interest margins on certain borrowings. Under the terms of the Securitization Facility, certain subsidiaries of the Company sell at a discount certain of their trade accounts receivable (the “Receivables”) to Mohawk Factoring, LLC (“Factoring”) on a revolving basis. Factoring is a wholly owned, bankruptcy remote subsidiary of the Company, meaning that Factoring is a separate legal entity whose assets are available to satisfy the claims of the creditors of Factoring only, not the creditors of the Company or the Company’s other subsidiaries. To fund such purchases, Factoring may borrow up to $500,000 based on the amount of eligible Receivables owned by Factoring, and Factoring has granted a security interest in all of such Receivables to the third-party lending group as collateral for such borrowings. Amounts loaned to Factoring under the Securitization Facility bear interest at commercial paper interest rates, in the case of lenders that are commercial paper conduits, or LIBOR, in the case of lenders that are not commercial paper conduits, in each case, plus an applicable margin of 0.70% per annum. Factoring also pays a commitment fee at a per annum rate of 0.35% on the unused amount of each lender’s commitment. At July 4, 2015 , the amount utilized under the Securitization Facility was $500,000 , which was secured by $763,844 of Receivables. The fair values and carrying values of our debt instruments are detailed as follows: July 4, 2015 December 31, 2014 Fair Value Carrying Value Fair Value Carrying Value 3.85% senior notes, payable February 1, 2023; interest payable semiannually $ 594,468 600,000 603,180 600,000 6.125% senior notes, payable January 15, 2016; interest payable semiannually 661,713 645,555 677,833 645,555 2.00% senior notes, payable January 14, 2022; interest payable annually 558,097 555,741 — — Commercial paper 541,000 541,000 301,600 301,600 Five-year senior secured credit facility, due March 26, 2020 606,739 606,739 195,665 195,665 Securitization facility 500,000 500,000 500,000 500,000 Capital leases and other 26,837 26,837 10,620 10,620 Total debt 3,488,854 3,475,872 2,288,898 2,253,440 Less current portion of long term debt and commercial paper 1,698,044 1,698,044 851,305 851,305 Long-term debt, less current portion $ 1,790,810 1,777,828 1,437,593 1,402,135 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jul. 04, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events European Commercial Paper Program On July 31, 2015, Mohawk Capital Luxembourg S.A. (“MCL”), a wholly owned subsidiary of the Company, established a program for the issuance of unsecured commercial paper (the “Notes”) in European capital markets. Under the program, the Company may issue Notes from time to time in an aggregate amount not to exceed €1,000,000 outstanding at any time (or the equivalent amount in alternative currencies). The Notes will have maturities ranging from one day to 183 days and will not be subject to voluntary prepayment or redemption prior to maturity. The Notes will rank pari passu with all of the Company's other unsecured and unsubordinated indebtedness. Payment on the Notes will be fully and unconditionally guaranteed by the Company. The proceeds from the sale of the Notes will be available to the Company for general corporate purposes. The Company expects to use the initial proceeds from the sale of the Notes to repay euro-denominated borrowings under its 2015 Senior Credit Facility. The obligations of MCL to repay amounts owing under the Notes and the guarantee of the Notes by the Company will be backstopped by the Company's 2015 Senior Credit Facility. The total amount due and payable under any of the Company's commercial paper programs may not exceed $1,800,000 (or its equivalent in alternative currencies) at any time.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jul. 04, 2015
Business Combinations [Abstract]
Schedule of Business Acquisitions	The following table summarizes the preliminary acquisition-date fair value of the consideration transferred for the Acquisitions and the estimated fair value of the consideration transferred to assets acquired and liabilities assumed as of the date of the Acquisitions, and the allocation of the aggregate purchase price of the IVC Group and the KAI Group acquisitions to the estimated fair values of the tangible and identifiable intangible assets acquired and liabilities assumed (in thousands): Fair value of assets, net of cash acquired $ 1,392,230 Noncontrolling interests in assets acquired (24,160 ) Assumed indebtedness (17,146 ) Consideration transferred $ 1,350,924 Working capital 143,108 Property, plant and equipment 363,570 Tradenames 48,563 Customer relationships 224,326 Goodwill 738,107 Other long-term assets 63,481 Long-term debt, including current portion (17,146 ) Other long-term liabilities (61,672 ) Deferred tax liability (127,253 ) Noncontrolling interest (24,160 ) Consideration transferred $ 1,350,924

Restructuring, acquisition an23

Restructuring, acquisition and integration-related costs (Tables)	6 Months Ended
	Jul. 04, 2015
Restructuring and Related Activities [Abstract]
Schedule of restructuring reserve by type of cost	Restructuring, acquisition transaction and integration-related costs consisted of the following during the three and six months ended July 4, 2015 and June 28, 2014 : Three Months Ended Six Months Ended July 4, 2015 June 28, 2014 July 4, 2015 June 28, 2014 Cost of sales Restructuring costs $ 10,463 (a) 3,475 20,307 (a) 5,534 Acquisition integration-related costs 1,878 3,280 2,010 6,858 Restructuring and integration-related costs $ 12,341 6,755 22,317 12,392 Selling, general and administrative expenses Restructuring costs $ (92 ) (a) 615 1,081 (a) 3,217 Acquisition transaction-related costs 3,701 — 4,678 — Acquisition integration-related costs 2,535 3,799 2,938 7,285 Restructuring, acquisition and integration-related costs $ 6,144 4,414 8,697 10,502 (a) The restructuring costs for 2015 and 2014 primarily relate to the Company's actions taken to lower its cost structure and improve efficiencies of manufacturing and distribution operations as the Company adjusted to changing economic conditions as well as actions related to the Company's acquisitions of the IVC Group, the KAI Group, Marazzi and Spano. During the three and six months ended July 4, 2015 , restructuring costs included accelerated depreciation of $3,210 and $7,570 , respectively.
Schedule of restructuring and related costs	The restructuring activity for the six months ended July 4, 2015 is as follows: Lease impairments Asset write-downs Severance Other restructuring costs Total Balance as of December 31, 2014 $ 1,741 — 3,037 100 4,878 Provision - Global Ceramic segment — 1,141 — (824 ) 317 Provision - Flooring NA segment 1,877 5,416 1,700 2,487 11,480 Provision - Flooring ROW segment — 7,587 935 1,070 9,592 Cash payments (2,437 ) — (2,814 ) (3,593 ) (8,844 ) Non-cash items — (14,144 ) — 824 (13,320 ) Balance as of July 4, 2015 $ 1,181 — 2,858 64 4,103

Receivables, net (Tables)

Receivables, net (Tables)	6 Months Ended
	Jul. 04, 2015
Receivables [Abstract]
Net components of receivables	Receivables, net are as follows: July 4, December 31, Customers, trade $ 1,397,615 1,081,493 Income tax receivable 13,113 12,301 Other 57,896 60,772 1,468,624 1,154,566 Less: allowance for discounts, returns, claims and doubtful accounts 80,937 72,603 Receivables, net $ 1,387,687 1,081,963

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 04, 2015
Inventory Disclosure [Abstract]
Net components of inventories	The components of inventories are as follows: July 4, December 31, Finished goods $ 1,076,806 1,021,188 Work in process 139,236 129,471 Raw materials 376,361 392,654 Total inventories $ 1,592,403 1,543,313

Goodwill and intangible assets

Goodwill and intangible assets (Tables)	6 Months Ended
	Jul. 04, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	Goodwill: Global Ceramic segment Flooring NA segment Flooring ROW segment Total Balance as of December 31, 2014 Goodwill $ 1,395,132 538,515 998,130 2,931,777 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) $ 863,202 195,461 545,689 1,604,352 Goodwill recognized or adjusted during the period $ 100,048 329,401 311,317 740,766 Currency translation during the period (106 ) — (50,798 ) (50,904 ) Balance as of July 4, 2015 Goodwill 1,495,074 867,916 1,258,649 3,621,639 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) $ 963,144 524,862 806,208 2,294,214
Schedule of indefinite life assets not subject to amortization	Intangible assets not subject to amortization: Tradenames Balance as of December 31, 2014 $ 622,691 Intangible assets acquired during the period 48,563 Currency translation during the period (26,358 ) Balance as of July 4, 2015 $ 644,896
Schedule of intangible assets subject to amortization	Intangible assets subject to amortization: Gross carrying amounts: Customer Patents Other Total Balance as of December 31, 2014 $ 354,768 270,466 1,479 626,713 Intangible assets acquired during the period 223,825 — 501 224,326 Currency translation during the period (19,364 ) (23,179 ) — (42,543 ) Balance as of July 4, 2015 $ 559,229 247,287 1,980 808,496 Accumulated amortization: Customer Patents Other Total Balance as of December 31, 2014 $ 320,851 225,875 669 547,395 Amortization during the period 4,473 6,892 5 11,370 Currency translation during the period (17,301 ) (19,383 ) 15 (36,669 ) Balance as of July 4, 2015 $ 308,023 213,384 689 522,096 Intangible assets subject to amortization, net $ 251,206 33,903 1,291 286,400
Schedule of intangible assets amortization expense	Three Months Ended Six Months Ended July 4, June 28, July 4, June 28, Amortization expense $ 6,264 6,509 11,370 12,547 Estimated amortization expense for the years ending December 31 are as follows: 2015 $ 28,321 2016 34,864 2017 33,449 2018 24,757 2019 21,711

Accounts payable and accrued 27

Accounts payable and accrued expenses (Tables)	6 Months Ended
	Jul. 04, 2015
Payables and Accruals [Abstract]
Components of accounts payable and accrued expenses	Accounts payable and accrued expenses are as follows: July 4, December 31, Outstanding checks in excess of cash $ 21,820 16,083 Accounts payable, trade 727,676 622,360 Accrued expenses 323,170 269,668 Product warranties 39,474 29,350 Accrued interest 28,914 28,365 Accrued compensation and benefits 162,433 138,683 Total accounts payable and accrued expenses $ 1,303,487 1,104,509

Accumulated other comprehensi28

Accumulated other comprehensive income (loss) (Tables)	6 Months Ended
	Jul. 04, 2015
Statement of Comprehensive Income [Abstract]
Schedule of accumulated other comprehensive income (loss)	The changes in accumulated other comprehensive income by component, net of tax, for the six months ended July 4, 2015 are as follows: Foreign currency translation adjustments Pensions (a) Total Balance as of December 31, 2014 $ (428,505 ) (816 ) (429,321 ) Current period other comprehensive income (loss) before reclassifications (196,333 ) 82 (196,251 ) Balance as of July 4, 2015 $ (624,838 ) (734 ) (625,572 ) (a) This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 13 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 ).

Other (income) expense, net (Ta

Other (income) expense, net (Tables)	6 Months Ended
	Jul. 04, 2015
Other Nonoperating Income (Expense) [Abstract]
Summary of other (income) expense, net	Other (income) expense is as follows: Three Months Ended Six Months Ended July 4, June 28, July 4, June 28, Foreign currency (gains) losses, net $ 3,537 (1,033 ) 3,080 4,855 All other, net (609 ) (522 ) (1,235 ) (1,520 ) Total other (income) expense, net $ 2,928 (1,555 ) 1,845 3,335

Earnings per share (Tables)

Earnings per share (Tables)	6 Months Ended
	Jul. 04, 2015
Earnings Per Share [Abstract]
Earnings per share	A reconciliation of earnings from continuing operations 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 July 4, June 28, July 4, June 28, Earnings from continuing operations attributable to Mohawk Industries, Inc. $ 186,492 152,750 208,838 233,831 Accretion of redeemable noncontrolling interest (a) (160 ) — (160 ) — Net earnings available to common stockholders $ 186,332 152,750 208,678 233,831 Weighted-average common shares outstanding-basic and diluted: Weighted-average common shares outstanding—basic 73,264 72,832 73,123 72,788 Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net 492 465 521 514 Weighted-average common shares outstanding-diluted 73,756 73,297 73,644 73,302 Earnings per share from continuing operations attributable to Mohawk Industries, Inc. Basic $ 2.54 2.10 2.85 3.21 Diluted $ 2.53 2.08 2.83 3.19 (a) Represents the accretion of the Company's redeemable noncontrolling interest to redemption value. See Note 2, Acquisitions for further information.

Segment reporting (Tables)

Segment reporting (Tables)	6 Months Ended
	Jul. 04, 2015
Segment Reporting [Abstract]
Summary of segment information	Segment information is as follows: Three Months Ended Six Months Ended July 4, June 28, July 4, June 28, Net sales: Global Ceramic segment $ 789,802 796,724 1,509,630 1,491,818 Flooring NA segment 920,337 895,912 1,767,248 1,676,243 Flooring ROW segment 331,622 357,738 646,364 695,804 Intersegment sales (28 ) (2,127 ) (332 ) (2,523 ) $ 2,041,733 2,048,247 3,922,910 3,861,342 Operating income (loss): Global Ceramic segment $ 121,189 106,407 206,516 167,066 Flooring NA segment 95,143 76,602 19,951 123,955 Flooring ROW segment 53,052 47,398 97,693 78,864 Corporate and intersegment eliminations (13,568 ) (8,159 ) (24,570 ) (16,902 ) $ 255,816 222,248 299,590 352,983 July 4, December 31, Assets: Global Ceramic segment $ 3,950,088 3,542,594 Flooring NA segment 3,182,465 2,587,151 Flooring ROW segment 2,710,895 1,909,487 Corporate and intersegment eliminations 322,222 246,312 $ 10,165,670 8,285,544

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 04, 2015
Debt Disclosure [Abstract]
Schedule of carrying values and estimated fair values of debt instruments	The fair values and carrying values of our debt instruments are detailed as follows: July 4, 2015 December 31, 2014 Fair Value Carrying Value Fair Value Carrying Value 3.85% senior notes, payable February 1, 2023; interest payable semiannually $ 594,468 600,000 603,180 600,000 6.125% senior notes, payable January 15, 2016; interest payable semiannually 661,713 645,555 677,833 645,555 2.00% senior notes, payable January 14, 2022; interest payable annually 558,097 555,741 — — Commercial paper 541,000 541,000 301,600 301,600 Five-year senior secured credit facility, due March 26, 2020 606,739 606,739 195,665 195,665 Securitization facility 500,000 500,000 500,000 500,000 Capital leases and other 26,837 26,837 10,620 10,620 Total debt 3,488,854 3,475,872 2,288,898 2,253,440 Less current portion of long term debt and commercial paper 1,698,044 1,698,044 851,305 851,305 Long-term debt, less current portion $ 1,790,810 1,777,828 1,437,593 1,402,135

General (Details)

General (Details) $ in Thousands	1 Months Ended	6 Months Ended
	Jul. 04, 2015USD ($)	Jul. 04, 2015segment	Jun. 12, 2015	Jun. 09, 2015EUR (€)
Debt Instrument [Line Items]
Number of reportable segments | segment		3
2.00% Notes, Payable January 14, 2022 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debts | €				€ 500,000,000
Interest rate percentage	2.00%	2.00%	2.00%	2.00%
Change in debt's value	$ 8,912
Change in debt's value, net of taxes	$ 5,570

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands	Jun. 12, 2015	May. 12, 2015	Jun. 12, 2015	Jul. 04, 2015	Jul. 04, 2015	Jun. 09, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Indemnification assets at acquisition date	$ 57,729		$ 57,729
Redeemable noncontrolling interest				$ 21,304	$ 21,304		$ 0
Acquisition transaction-related costs				3,701	4,678
Goodwill				$ 2,294,214	$ 2,294,214		1,604,352
2.00% Notes, Payable January 14, 2022 [Member]
Business Acquisition [Line Items]
Interest rate percentage	2.00%		2.00%	2.00%	2.00%	2.00%
IVC Group [Member]
Business Acquisition [Line Items]
Consideration transferred	$ 1,156,311
Assumed indebtedness	17,122
Cash payments to acquire entity	742,064
Debt paid in acquisition transaction	$ 261,152
Shares issued for acquisition, in shares	806
Shares issued for acquisition, value	$ 153,095
KAI Group [Member]
Business Acquisition [Line Items]
Consideration transferred		$ 194,613
Assumed indebtedness		24
Cash payments to acquire entity		$ 169,540
Debt paid in acquisition transaction	$ 25,073
Percentage of voting interests acquired		90.00%
Percentage of voting interests owned by third party		10.00%
IVC Group And KAI Group [Member]
Business Acquisition [Line Items]
Consideration transferred			$ 1,350,924	$ 1,350,924
Assumed indebtedness				17,146
Goodwill				738,107	$ 738,107
Flooring ROW Segment [Member]
Business Acquisition [Line Items]
Consideration transferred					2,822
Goodwill				806,208	806,208		$ 545,689
Flooring ROW Segment [Member] | Unidentified Wood Business [Member]
Business Acquisition [Line Items]
Goodwill				$ 2,659	$ 2,659

Acquisitions (Summary of Purcha

Acquisitions (Summary of Purchase Price) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jun. 12, 2015	Jul. 04, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill		$ 2,294,214	$ 1,604,352
IVC Group And KAI Group [Member]
Business Acquisition [Line Items]
Fair value of assets, net of cash acquired		1,392,230
Business Combination, Noncontrolling Interests In Assets Acquired And Liabilities Assumed, Acquiree, Net		(24,160)
Assumed indebtedness		(17,146)
Consideration transferred	$ 1,350,924	1,350,924
Working capital		143,108
Property, plant and equipment		363,570
Goodwill		738,107
Other long-term assets		63,481
Long-term debt, including current portion		(17,146)
Other long-term liabilities		(61,672)
Deferred tax liability		(127,253)
Noncontrolling interest		(24,160)
Consideration transferred		1,350,924
Tradenames [Member] | IVC Group And KAI Group [Member]
Business Acquisition [Line Items]
Tradenames		48,563
Customer Relationships [Member] | IVC Group And KAI Group [Member]
Business Acquisition [Line Items]
Customer relationships		$ 224,326

Restructuring, acquisition an36

Restructuring, acquisition and integration-related costs (Restructuring and Related Costs by Type of Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Restructuring Cost and Reserve [Line Items]
Acquisition transaction-related costs	$ 3,701		$ 4,678
Restructuring, acquisition and integration-related costs			13,818	$ 8,751
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	10,463	$ 3,475	20,307	5,534
Acquisition integration-related costs	1,878	3,280	2,010	6,858
Restructuring, acquisition and integration-related costs	12,341	6,755	22,317	12,392
Accelerated depreciation included in restructuring costs	3,210		7,570
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	(92)	615	1,081	3,217
Acquisition integration-related costs	2,535	3,799	2,938	7,285
Acquisition transaction-related costs	3,701	0	4,678	0
Restructuring, acquisition and integration-related costs	$ 6,144	$ 4,414	$ 8,697	$ 10,502

Restructuring, acquisition an37

Restructuring, acquisition and integration-related costs (Restructuring Reserve) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2014	$ 4,878
Provision	13,818	$ 8,751
Cash payments	(8,844)
Non-cash items	(13,320)
Balance as of July 4, 2015	$ 4,103
Period in which lease impairments, severance and other restructuring costs are expected to be paid	4 years
Lease Impairments [Member]
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2014	$ 1,741
Cash payments	(2,437)
Non-cash items	0
Balance as of July 4, 2015	1,181
Asset Write-Down [Member]
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2014	0
Cash payments	0
Non-cash items	(14,144)
Balance as of July 4, 2015	0
Severance [Member]
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2014	3,037
Cash payments	(2,814)
Non-cash items	0
Balance as of July 4, 2015	2,858
Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2014	100
Cash payments	(3,593)
Non-cash items	824
Balance as of July 4, 2015	64
Operating Segments [Member] | Global Ceramic Segment [Member]
Restructuring Reserve [Roll Forward]
Provision	317
Operating Segments [Member] | Global Ceramic Segment [Member] | Lease Impairments [Member]
Restructuring Reserve [Roll Forward]
Provision	0
Operating Segments [Member] | Global Ceramic Segment [Member] | Asset Write-Down [Member]
Restructuring Reserve [Roll Forward]
Provision	1,141
Operating Segments [Member] | Global Ceramic Segment [Member] | Severance [Member]
Restructuring Reserve [Roll Forward]
Provision	0
Operating Segments [Member] | Global Ceramic Segment [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Provision	(824)
Operating Segments [Member] | Flooring NA Segment [Member]
Restructuring Reserve [Roll Forward]
Provision	11,480
Operating Segments [Member] | Flooring NA Segment [Member] | Lease Impairments [Member]
Restructuring Reserve [Roll Forward]
Provision	1,877
Operating Segments [Member] | Flooring NA Segment [Member] | Asset Write-Down [Member]
Restructuring Reserve [Roll Forward]
Provision	5,416
Operating Segments [Member] | Flooring NA Segment [Member] | Severance [Member]
Restructuring Reserve [Roll Forward]
Provision	1,700
Operating Segments [Member] | Flooring NA Segment [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Provision	2,487
Operating Segments [Member] | Flooring ROW Segment [Member]
Restructuring Reserve [Roll Forward]
Provision	9,592
Operating Segments [Member] | Flooring ROW Segment [Member] | Lease Impairments [Member]
Restructuring Reserve [Roll Forward]
Provision	0
Operating Segments [Member] | Flooring ROW Segment [Member] | Asset Write-Down [Member]
Restructuring Reserve [Roll Forward]
Provision	7,587
Operating Segments [Member] | Flooring ROW Segment [Member] | Severance [Member]
Restructuring Reserve [Roll Forward]
Provision	935
Operating Segments [Member] | Flooring ROW Segment [Member] | Other Restructuring [Member]
Restructuring Reserve [Roll Forward]
Provision	$ 1,070

Receivables, net (Net component

Receivables, net (Net components of receivables) (Details) - USD ($) $ in Thousands	Jul. 04, 2015	Dec. 31, 2014
Receivables [Abstract]
Customers, trade	$ 1,397,615	$ 1,081,493
Income tax receivable	13,113	12,301
Other	57,896	60,772
Receivables, gross	1,468,624	1,154,566
Less: allowance for discounts, returns, claims and doubtful accounts	80,937	72,603
Receivables, net	$ 1,387,687	$ 1,081,963

Inventories (Net components of

Inventories (Net components of inventories) (Details) - USD ($) $ in Thousands	Jul. 04, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 1,076,806	$ 1,021,188
Work in process	139,236	129,471
Raw materials	376,361	392,654
Total inventories	$ 1,592,403	$ 1,543,313

Goodwill and intangible asset40

Goodwill and intangible assets (Schedule of goodwill) (Details) $ in Thousands	6 Months Ended
	Jul. 04, 2015USD ($)
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	$ 2,931,777
Accumulated impairment losses	(1,327,425)
Goodwill, net, beginning balance	1,604,352
Goodwill recognized or adjusted during the period	740,766
Currency translation during the year	(50,904)
Goodwill, gross, ending balance	3,621,639
Accumulated impairment losses	(1,327,425)
Goodwill, net, ending balance	2,294,214
Global Ceramic Segment [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	1,395,132
Accumulated impairment losses	(531,930)
Goodwill, net, beginning balance	863,202
Goodwill recognized or adjusted during the period	100,048
Currency translation during the year	(106)
Goodwill, gross, ending balance	1,495,074
Accumulated impairment losses	(531,930)
Goodwill, net, ending balance	963,144
Flooring NA Segment [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	538,515
Accumulated impairment losses	(343,054)
Goodwill, net, beginning balance	195,461
Goodwill recognized or adjusted during the period	329,401
Currency translation during the year	0
Goodwill, gross, ending balance	867,916
Accumulated impairment losses	(343,054)
Goodwill, net, ending balance	524,862
Flooring ROW Segment [Member]
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	998,130
Accumulated impairment losses	(452,441)
Goodwill, net, beginning balance	545,689
Goodwill recognized or adjusted during the period	311,317
Currency translation during the year	(50,798)
Goodwill, gross, ending balance	1,258,649
Accumulated impairment losses	(452,441)
Goodwill, net, ending balance	$ 806,208

Goodwill and intangible asset41

Goodwill and intangible assets (Schedule of indefinite life assets not subject to amortization) (Details) - Tradenames [Member] $ in Thousands	6 Months Ended
	Jul. 04, 2015USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite life assets not subject to amortization, beginning balance	$ 622,691
Intangible assets acquired during the period	48,563
Currency translation during the year	(26,358)
Indefinite life assets not subject to amortization, ending balance	$ 644,896

Goodwill and intangible asset42

Goodwill and intangible assets (Schedule of intangible assets subject to amortization) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014	Dec. 31, 2014
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance			$ 626,713
Intangible assets acquired during the period			224,326
Currency translation during the period			(42,543)
Intangible assets subject to amortization, ending balance	$ 808,496		808,496
Accumulated amortization, beginning balance			547,395
Amortization during the period	6,264	$ 6,509	11,370	$ 12,547
Currency translation during the period			(36,669)
Accumulated amortization, ending balance	522,096		522,096
Intangible assets subject to amortization, net	286,400		286,400		$ 79,318
Customer Relationships [Member]
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance			354,768
Intangible assets acquired during the period			223,825
Currency translation during the period			(19,364)
Intangible assets subject to amortization, ending balance	559,229		559,229
Accumulated amortization, beginning balance			320,851
Amortization during the period			4,473
Currency translation during the period			(17,301)
Accumulated amortization, ending balance	308,023		308,023
Intangible assets subject to amortization, net	251,206		251,206
Patents [Member]
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance			270,466
Intangible assets acquired during the period			0
Currency translation during the period			(23,179)
Intangible assets subject to amortization, ending balance	247,287		247,287
Accumulated amortization, beginning balance			225,875
Amortization during the period			6,892
Currency translation during the period			(19,383)
Accumulated amortization, ending balance	213,384		213,384
Intangible assets subject to amortization, net	33,903		33,903
Other [Member]
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance			1,479
Intangible assets acquired during the period			501
Currency translation during the period			0
Intangible assets subject to amortization, ending balance	1,980		1,980
Accumulated amortization, beginning balance			669
Amortization during the period			5
Currency translation during the period			15
Accumulated amortization, ending balance	689		689
Intangible assets subject to amortization, net	$ 1,291		$ 1,291

Goodwill and intangible asset43

Goodwill and intangible assets (Schedule of intangible assets amortization expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 6,264	$ 6,509	$ 11,370	$ 12,547
Estimated amortization expense for the years ended:
2,015	28,321		28,321
2,016	34,864		34,864
2,017	33,449		33,449
2,018	24,757		24,757
2,019	$ 21,711		$ 21,711

Accounts payable and accrued 44

Accounts payable and accrued expenses (Components of accounts payable and accrued expenses) (Details) - USD ($) $ in Thousands	Jul. 04, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Outstanding checks in excess of cash	$ 21,820	$ 16,083
Accounts payable, trade	727,676	622,360
Accrued expenses	323,170	269,668
Product warranties	39,474	29,350
Accrued interest	28,914	28,365
Accrued compensation and benefits	162,433	138,683
Total accounts payable and accrued expenses	$ 1,303,487	$ 1,104,509

Accumulated other comprehensi45

Accumulated other comprehensive income (loss) (Details) $ in Thousands		6 Months Ended
		Jul. 04, 2015USD ($)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Balance as of December 31, 2014		$ (429,321)
Current period other comprehensive income (loss) before reclassifications		(196,251)
Balance as of July 4, 2015		(625,572)
Foreign currency translation adjustments
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Balance as of December 31, 2014		(428,505)
Current period other comprehensive income (loss) before reclassifications		(196,333)
Balance as of July 4, 2015		(624,838)
Pensions
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Balance as of December 31, 2014	[1]	(816)
Current period other comprehensive income (loss) before reclassifications	[1]	82
Balance as of July 4, 2015	[1]	$ (734)
[1]	This accumulated other comprehensive income (loss) component is included in the computation of net periodic pension cost (refer to Note 13 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014).

Stock-based compensation (Detai

Stock-based compensation (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014	May. 09, 2012
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of options granted in period		0	0	0
Stock Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Recognized stock-based compensation costs	$ 18	$ 191	$ 173	$ 474
Recognized stock-based compensation costs, net of tax	11	$ 121	109	300
Pre-tax unrecognized compensation expense	72		$ 72
Weighted-average remaining period to recognize compensation expense			1 year 1 month 21 days
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of options granted in period		0
Recognized stock-based compensation costs	7,742	$ 6,392	$ 16,023	13,723
Recognized stock-based compensation costs, net of tax	5,177	$ 4,049	10,423	$ 8,694
Pre-tax unrecognized compensation expense	$ 43,563		$ 43,563
Number of restricted stock units granted		85,000	243,000	189,000
Weighted-average grant-date fair value (in usd per share)		$ 190.62	$ 185.66	$ 144.75
Recognized expense over a weighted-average period (years)			2 years 6 months 22 days
2012 Long-term Incentive Plan [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Expiration year of 2012 Plan			Dec. 31, 2022
2012 Long-term Incentive Plan [Member] | Stock Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Option awards contractual term (years)			10 years
2012 Long-term Incentive Plan [Member] | Maximum [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of common stock reserved for issuance (shares)					3,200,000
2012 Long-term Incentive Plan [Member] | Maximum [Member] | Stock Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period			5 years
2012 Long-term Incentive Plan [Member] | Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period			5 years
2012 Long-term Incentive Plan [Member] | Minimum [Member] | Stock Options [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period			3 years
2012 Long-term Incentive Plan [Member] | Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Vesting period			3 years

Other (income) expense, net (Su

Other (income) expense, net (Summary of other expense (income)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Other Nonoperating Income (Expense) [Abstract]
Foreign currency (gains) losses, net	$ 3,537	$ (1,033)	$ 3,080	$ 4,855
All other, net	(609)	(522)	(1,235)	(1,520)
Total other (income) expense, net	$ 2,928	$ (1,555)	$ 1,845	$ 3,335

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015	Jun. 28, 2014	Jul. 04, 2015	Jun. 28, 2014
Earnings Per Share [Abstract]
Earnings from continuing operations attributable to Mohawk Industries, Inc.	$ 186,492	$ 152,750	$ 208,838	$ 233,831
Accretion of redeemable noncontrolling interest	(160)	0	(160)	0
Net earnings available to common stockholders	$ 186,332	$ 152,750	$ 208,678	$ 233,831
Weighted-average common shares outstanding-basic (in shares)	73,264	72,832	73,123	72,788
Add weighted-average dilutive potential common shares-options and RSU's to purchase common shares, net (in shares)	492	465	521	514
Weighted-average common shares outstanding-diluted (in shares)	73,756	73,297	73,644	73,302
Basic earnings per share from continuing operations attributable to Mohawk Industries, Inc, (in usd per share)	$ 2.54	$ 2.10	$ 2.85	$ 3.21
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 2.53	$ 2.08	$ 2.83	$ 3.19

Segment reporting (Summary of s

Segment reporting (Summary of segment information) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 04, 2015USD ($)	Jun. 28, 2014USD ($)	Jul. 04, 2015USD ($)segment	Jun. 28, 2014USD ($)	Dec. 31, 2014USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment			3
Segment Reporting Information [Line Items]
Net sales	$ 2,041,733	$ 2,048,247	$ 3,922,910	$ 3,861,342
Operating income (loss)	255,816	222,248	299,590	352,983
Assets	10,165,670		10,165,670		$ 8,285,544
Operating Segments [Member] | Global Ceramic Segment [Member]
Segment Reporting Information [Line Items]
Net sales	789,802	796,724	1,509,630	1,491,818
Operating income (loss)	121,189	106,407	206,516	167,066
Assets	3,950,088		3,950,088		3,542,594
Operating Segments [Member] | Flooring NA Segment [Member]
Segment Reporting Information [Line Items]
Net sales	920,337	895,912	1,767,248	1,676,243
Operating income (loss)	95,143	76,602	19,951	123,955
Assets	3,182,465		3,182,465		2,587,151
Operating Segments [Member] | Flooring ROW Segment [Member]
Segment Reporting Information [Line Items]
Net sales	331,622	357,738	646,364	695,804
Operating income (loss)	53,052	47,398	97,693	78,864
Assets	2,710,895		2,710,895		1,909,487
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Intersegment sales	(28)	(2,127)	(332)	(2,523)
Operating income (loss)	(13,568)	$ (8,159)	(24,570)	$ (16,902)
Assets	$ 322,222		$ 322,222		$ 246,312

Commitments and contingencies (

Commitments and contingencies (Narrative) (Details) € in Thousands, $ in Thousands	Dec. 28, 2012EUR (€)	Nov. 30, 2014yr	Dec. 31, 2013EUR (€)	Jan. 31, 2012EUR (€)	Mar. 21, 2011claim	Jul. 04, 2015USD ($)claim	Jun. 28, 2014EUR (€)	Sep. 29, 2012EUR (€)	Jul. 04, 2015claim	Apr. 23, 2015claim
BELGIUM | Foreign Tax Authority [Member]
Commitments And Contingencies [Line Items]
Interest income earned on deposits related to tax assessment								€ 1,583
Number of years of assessments appealed | yr		4
BELGIUM | Foreign Tax Authority [Member] | 2008 [Member]
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)				€ 23,789			€ 30,131
BELGIUM | Foreign Tax Authority [Member] | 2005 [Member]
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)	€ 46,135
BELGIUM | Foreign Tax Authority [Member] | 2009 [Member]
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)	€ 35,567
BELGIUM | Foreign Tax Authority [Member] | 2006 [Member]
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)			€ 38,817
BELGIUM | Foreign Tax Authority [Member] | 2007 [Member]
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)			39,635
BELGIUM | Foreign Tax Authority [Member] | 2010 [Member]
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)			€ 43,117
Selling, General and Administrative Expenses [Member]
Commitments And Contingencies [Line Items]
Amount of legal settlement paid and related expenses | $						$ 125,000
Polyurethane Foam Antitrust Litigation [Member]
Commitments And Contingencies [Line Items]
Number of class action complaints | claim					2
Polyurethane Foam Antitrust Litigation [Member] | Pending Litigation [Member]
Commitments And Contingencies [Line Items]
Number of pending claims | claim						5			5	12
Polyurethane Foam Antitrust Litigation [Member] | Settled Litigation [Member]
Commitments And Contingencies [Line Items]
Number of settled claims | claim									9

Debt (Senior Credit Facility) (

Debt (Senior Credit Facility) (Details)	Sep. 25, 2013USD ($)	Jul. 04, 2015USD ($)	May. 21, 2015USD ($)	Mar. 26, 2015USD ($)	Feb. 28, 2014USD ($)
2015 Senior Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Unamortized financing costs		$ 2,641,000
Senior Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	$ 1,000,000,000			$ 1,800,000,000
Term of line of credit (years)	5 years
Payment of financing costs	$ 1,836,000
Unamortized financing costs	$ 11,440,000
Utilized borrowings under credit facility		1,149,120,000
Available amount under credit facility		650,880,000
Senior Secured Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Commitment fee percentage	0.10%
Consolidated interest coverage ratio	3
Senior Secured Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Commitment fee percentage	0.225%
Consolidated net leverage ratio	3.75
Senior Secured Credit Facility [Member] | Federal Funds [Member]
Line of Credit Facility [Line Items]
Basis spread on debt instrument	0.50%
Senior Secured Credit Facility [Member] | Libor [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on debt instrument	1.00%
Senior Secured Credit Facility [Member] | Libor [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on debt instrument	1.75%
Senior Secured Credit Facility [Member] | Monthly Libor [Member]
Line of Credit Facility [Line Items]
Basis spread on debt instrument	1.00%
Senior Secured Credit Facility [Member] | Monthly Libor [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on debt instrument	0.00%
Senior Secured Credit Facility [Member] | Monthly Libor [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on debt instrument	0.75%
Commercial Paper [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility			$ 1,800,000,000		$ 1,000,000,000
Utilized borrowings under credit facility		541,000,000
2013 Senior Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Unamortized financing costs		8,654,000
Borrowings [Member] | Senior Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility		606,739,000
Standby Letters Of Credit Related To Various Insurance Contracts And Foreign Vendor Commitments [Member] | Senior Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Standby letters of credit for various insurance contracts and commitments to foreign vendors		$ 1,381,000

Debt (Commercial Paper) (Detail

Debt (Commercial Paper) (Details) - Commercial Paper [Member] - USD ($)	Feb. 28, 2014	Jul. 04, 2015	May. 21, 2015
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	$ 1,000,000,000		$ 1,800,000,000
Maturity period of debt		19 days
Utilized borrowings under credit facility		$ 541,000,000
Weighted average interest rate on debt		0.48%
Minimum [Member]
Line of Credit Facility [Line Items]
Maturity period of debt	1 day
Maximum [Member]
Line of Credit Facility [Line Items]
Maturity period of debt	397 days

Debt (Senior Notes) (Details)

Debt (Senior Notes) (Details) - Credit Facility [Domain]	Jun. 09, 2015USD ($)	Nov. 03, 2014USD ($)	Aug. 15, 2014USD ($)	Jan. 31, 2013USD ($)	Jan. 17, 2006USD ($)	Jul. 04, 2015USD ($)	Jun. 28, 2014USD ($)	Jul. 04, 2015USD ($)	Jun. 28, 2014USD ($)	Jun. 12, 2015	Jun. 09, 2015EUR (€)
Debt Instrument [Line Items]
Increase in interest expense per quarter for .25% increase in notes per $100,000 of outstanding notes						$ 16,838,000	$ 20,702,000	$ 33,287,000	$ 42,798,000
3.85% Senior Notes Due February 1,2023 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debts				$ 600,000,000
Interest rate percentage				3.85%		3.85%		3.85%
Payment of financing costs				$ 6,000,000
6.125% Notes, Payable January 15, 2016 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debts					$ 900,000,000
Interest rate percentage					6.125%	6.125%		6.125%
Senior notes due date								Jan. 15, 2016
Increase in interest rate from rating agency downgrade								0.25%
Maximum increase in interest rate per agency from rating agency downgrade								1.00%
Increase in interest expense per quarter for .25% increase in notes per $100,000 of outstanding notes								$ 63,000
Incremental increase in outstanding notes					$ 100,000,000
Amount of debt repurchased		$ 54,400,000	$ 200,000,000
Price as a percentage of the principal amount debt repurchased		106.38%	107.73%
6.125% Notes, Payable January 15, 2016 [Member] | Interest Expense [Member]
Debt Instrument [Line Items]
Premium to tendering noteholders		$ 3,500,000	$ 15,450,000
Fees associated with cash tender			$ 1,080,000
2.00% Notes, Payable January 14, 2022 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of debts | €											€ 500,000,000
Interest rate percentage						2.00%		2.00%		2.00%	2.00%
Payment of financing costs	$ 4,226,000

Debt (Accounts Receivable Secur

Debt (Accounts Receivable Securitization) (Details) - USD ($)	Sep. 11, 2014	Dec. 19, 2012	Jul. 04, 2015	Dec. 31, 2014
Line of Credit Facility [Line Items]
Receivables securing amount utilized on facility			$ 763,844,000
Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Term of line of credit (years)		3 years
Maximum borrowing capacity under credit facility	$ 500,000,000	$ 300,000,000
Basis spread on securitization agreement	0.70%
Commitment fee percentage on unused amount of each lender's commitment	0.35%
Carrying Value [Member] | Secured Credit Facility [Member]
Line of Credit Facility [Line Items]
Securitization facility			$ 500,000,000	$ 500,000,000

Debt (Fair Value and Carrying V

Debt (Fair Value and Carrying Value of Debt Instruments) (Details) - USD ($) $ in Thousands	Jul. 04, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Less current portion of long term debt and commercial paper	$ 1,698,044	$ 851,305
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	541,000	301,600
Capital leases and other	26,837	10,620
Total debt	3,488,854	2,288,898
Less current portion of long term debt and commercial paper	1,698,044	851,305
Long-term debt, less current portion	1,790,810	1,437,593
Fair Value [Member] | 3.85% Senior Notes Due February 1,2023 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	594,468	603,180
Fair Value [Member] | 6.125% Notes, Payable January 15, 2016 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	661,713	677,833
Fair Value [Member] | 2.00% Notes, Payable January 14, 2022 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	558,097	0
Fair Value [Member] | Five-year senior secured credit facility, due September 25, 2018 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	606,739	195,665
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	541,000	301,600
Capital leases and other	26,837	10,620
Total debt	3,475,872	2,253,440
Less current portion of long term debt and commercial paper	1,698,044	851,305
Long-term debt, less current portion	1,777,828	1,402,135
Carrying Value [Member] | 3.85% Senior Notes Due February 1,2023 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	600,000	600,000
Carrying Value [Member] | 6.125% Notes, Payable January 15, 2016 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	645,555	645,555
Carrying Value [Member] | 2.00% Notes, Payable January 14, 2022 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	555,741	0
Carrying Value [Member] | Five-year senior secured credit facility, due September 25, 2018 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	606,739	195,665
Secured Credit Facility [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securitization facility	500,000	500,000
Secured Credit Facility [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securitization facility	$ 500,000	$ 500,000

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 31, 2015EUR (€)	Mar. 26, 2015USD ($)	Sep. 25, 2013USD ($)
Senior Secured Credit Facility [Member]
Subsequent Event [Line Items]
Maximum borrowing capacity under credit facility | $		$ 1,800,000,000	$ 1,000,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Commercial paper	€ 1,000,000
Subsequent Event [Member] | Commercial Paper [Member] | Minimum [Member]
Subsequent Event [Line Items]
Maturity period of debt	1 day
Subsequent Event [Member] | Commercial Paper [Member] | Maximum [Member]
Subsequent Event [Line Items]
Maturity period of debt	183 days