Mohawk Industries (MHK) 10-Q 29 Apr 22 2022 Q1 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	3 Months Ended
	Apr. 02, 2022	Apr. 27, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 2, 2022
Document Transition Report	false
Entity File Number	01-13697
Entity Registrant Name	MOHAWK INDUSTRIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	52-1604305
Entity Address, Address Line One	160 S. Industrial Blvd.
Entity Address, City or Town	Calhoun
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30701
City Area Code	706
Local Phone Number	629-7721
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	MHK
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		63,539,428
Entity Central Index Key	0000851968
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 02, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 230,559	$ 268,895
Short-term investments	310,000	323,000
Receivables, net	2,044,698	1,839,985
Inventories	2,513,244	2,391,672
Prepaid expenses	447,358	394,649
Other current assets	18,880	20,156
Total current assets	5,564,739	5,238,357
Property, plant and equipment	9,240,329	9,250,587
Less: accumulated depreciation	4,687,717	4,613,722
Property, plant and equipment, net	4,552,612	4,636,865
Right of use operating lease assets	384,740	389,967
Goodwill	2,579,385	2,607,909
Tradenames	687,734	694,905
Other intangible assets subject to amortization, net	195,793	205,075
Deferred income taxes and other non-current assets	421,716	451,439
Total assets	14,386,719	14,224,517
Current liabilities:
Short-term debt and current portion of long-term debt	1,546,463	624,503
Accounts payable and accrued expenses	2,220,347	2,217,418
Current operating lease liabilities	104,823	104,434
Total current liabilities	3,871,633	2,946,355
Deferred income taxes	498,273	495,521
Long-term debt, less current portion	1,088,401	1,700,282
Non-current operating lease liabilities	293,239	297,390
Other long-term liabilities	347,570	356,753
Total liabilities	6,099,116	5,796,301
Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock, $.01 par value; 60 shares authorized; no shares issued	0	0
Common stock, $.01 par value; 150,000 shares authorized; 70,880 and 72,952 shares issued and outstanding in 2022 and 2021, respectively	709	729
Additional paid-in capital	1,913,518	1,911,131
Retained earnings	7,630,837	7,692,064
Accumulated other comprehensive loss	(1,048,599)	(966,952)
Stockholders' equity before treasury stock	8,496,465	8,636,972
Less: treasury stock at cost; 7,341 and 7,343 shares in 2022 and 2021, respectively	215,495	215,547
Total Mohawk Industries, Inc. stockholders’ equity	8,280,970	8,421,425
Nonredeemable noncontrolling interests	6,633	6,791
Total stockholders’ equity	8,287,603	8,428,216
Total liabilities and stockholders' equity	$ 14,386,719	$ 14,224,517

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Apr. 02, 2022	Dec. 31, 2021
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)	70,880,000	72,952,000
Common stock, shares outstanding (in shares)	70,880,000	72,952,000
Treasury stock, shares (in shares)	7,341,000	7,343,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Income Statement [Abstract]
Net sales	$ 3,015,663	$ 2,669,026
Cost of sales	2,213,535	1,877,257
Gross profit	802,128	791,769
Selling, general and administrative expenses	481,327	474,254
Operating income	320,801	317,515
Interest expense	11,481	15,241
Other expense (income) net	2,438	(2,227)
Earnings before income taxes	306,882	304,501
Income tax expense	61,448	67,690
Net earnings including noncontrolling interests	245,434	236,811
Net earnings attributable to noncontrolling interests	105	4
Net earnings attributable to Mohawk Industries, Inc.	$ 245,329	$ 236,807
Basic earnings per share attributable to Mohawk Industries, Inc.
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 3.79	$ 3.37
Weighted-average common shares outstanding-basic (in shares)	64,686	70,179
Diluted earnings per share attributable to Mohawk Industries, Inc.
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share)	$ 3.78	$ 3.36
Weighted-average common shares outstanding-diluted (in shares)	64,970	70,474

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests	$ 245,434	$ 236,811
Other comprehensive income (loss):
Foreign currency translation adjustments	(82,447)	(160,654)
Prior pension and post-retirement benefit service cost and actuarial gain, net of tax	537	97
Other comprehensive loss	(81,910)	(160,557)
Comprehensive income	163,524	76,254
Comprehensive loss attributable to noncontrolling interests	(158)	(244)
Comprehensive income attributable to Mohawk Industries, Inc.	$ 163,682	$ 76,498

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Cash flows from operating activities:
Net earnings including noncontrolling interests	$ 245,434	$ 236,811
Adjustments to reconcile net earnings to net cash provided by operating activities:
Restructuring	898	4,256
Depreciation and amortization	141,415	151,216
Deferred income taxes	13,989	3,740
(Gain) loss on disposal of property, plant and equipment	(365)	2,522
Stock-based compensation expense	5,655	5,968
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net	(225,922)	(138,764)
Inventories	(141,344)	(109,550)
Other assets and prepaid expenses	(23,259)	(34,432)
Accounts payable and accrued expenses	39,908	122,748
Other liabilities	(1,455)	15,090
Net cash provided by operating activities	54,954	259,605
Cash flows from investing activities:
Additions to property, plant and equipment	(129,470)	(114,735)
Acquisitions, net of cash acquired	951	(6,338)
Purchases of short-term investments	(933,000)	(698,698)
Redemption of short-term investments	946,000	486,489
Net cash used in investing activities	(115,519)	(333,282)
Cash flows from financing activities:
Payments on commercial paper	(2,667,668)	(32,633)
Proceeds from commercial paper	2,990,240	35,600
Net (payments) proceeds of other financing activities	(6,516)	852
Purchase of Mohawk common stock	(306,577)	(122,876)
Change in outstanding checks in excess of cash	(522)	(1,126)
Net cash provided by (used in) financing activities	8,957	(120,183)
Effect of exchange rate changes on cash and cash equivalents	13,272	(17,503)
Net change in cash and cash equivalents	(38,336)	(211,363)
Cash and cash equivalents, beginning of period	268,895	768,625
Cash and cash equivalents, end of period	$ 230,559	$ 557,262

General

General	3 Months Ended
	Apr. 02, 2022
Accounting Policies [Abstract]
General	General Unless this Form 10-Q indicates otherwise or the context otherwise requires, the terms “we,” “our,” “us,” “Mohawk,” or “the Company” as used in this Form 10-Q refer to Mohawk Industries, Inc. Interim Reporting The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with instructions to Form 10-Q and do not include all of the information and footnotes required by U.S. generally accepted accounting principles (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These statements should be read in conjunction with the consolidated financial statements and notes thereto, and the Company’s description of critical accounting policies, included in the Company’s 2021 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. 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 has in the past and might in the future use foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. In periods when the Company uses foreign currency denominated debt to hedge its non-U.S. net investments, 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. Changes in the U.S. dollar value of the Company’s euro denominated debt are recorded in the foreign currency translation adjustment component of accumulated other comprehensive income or (loss). In June 2015, the Company designated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. On October 19, 2021, the Company redeemed at par the 2.00% Senior Notes, originally due on January 14, 2022, and paid the remaining €500,000 outstanding principal of the 2.00% Senior Notes, plus any unpaid interest, utilizing cash on hand. In connection with this repayment, the Company dedesignated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. For the three months ended April 3, 2021, the change in the U.S. dollar value of the Company’s euro denominated debt was a decrease of $27,047 ($20,694 net of taxes). Recent Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes which simplified the accounting for income taxes in several areas by removing certain exceptions and by clarifying and amending existing guidance applicable to accounting for income taxes. The Company adopted the new standard on January 1, 2021. The effect of adopting the new standard was not material.

Acquisitions

Acquisitions	3 Months Ended
	Apr. 02, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions2021 Acquisitions During 2021, the Company made acquisitions in the Flooring Rest of the World (“Flooring ROW”)

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Apr. 02, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Revenue from Contracts with Customers Contract Liabilities The Company records contract liabilities when it receives payment prior to fulfilling a performance obligation. Contract liabilities related to revenues are recorded in accounts payable and accrued expenses on the accompanying condensed consolidating balance sheets. The Company had contract liabilities of $74,165 and $65,744 as of April 2, 2022 and December 31, 2021, respectively. Performance Obligations Substantially all of the Company’s revenue is recognized at a point in time when the product is either shipped or received from the Company’s facilities and control of the product is transferred to the customer. Accordingly, in any period, the Company does not recognize a significant amount of revenue from performance obligations satisfied or partially satisfied in prior periods and the amount of such revenue recognized during the three months ended April 2, 2022 and April 3, 2021 was immaterial. Costs to Obtain a Contract The Company incurs certain incremental costs to obtain revenue contracts. These costs relate to marketing display structures and are capitalized when the amortization period is greater than one year, with the amount recorded in other assets on the accompanying condensed consolidated balance sheets. Capitalized costs to obtain contracts were $49,042 and $49,644 as of April 2, 2022 and December 31, 2021, respectively. Straight-line amortization expense recognized during the three months ended April 2, 2022 and April 3, 2021 related to these capitalized costs were $12,340 and $15,581, respectively. Revenue Disaggregation The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended April 2, 2022 and April 3, 2021: April 2, 2022 Global Ceramic Segment Flooring NA Segment Flooring ROW Segment Total Geographical Markets United States $ 585,231 1,035,880 2,786 1,623,897 Europe 245,236 2,132 637,363 884,731 Russia 66,518 23 39,736 106,277 Other 167,772 33,875 199,111 400,758 $ 1,064,757 1,071,910 878,996 3,015,663 Product Categories Ceramic & Stone $ 1,059,711 8,988 — 1,068,699 Carpet & Resilient 5,046 843,082 244,128 1,092,256 Laminate & Wood — 219,840 297,137 516,977 Other (1) — — 337,731 337,731 $ 1,064,757 1,071,910 878,996 3,015,663 April 3, 2021 Global Ceramic Segment Flooring NA Segment Flooring ROW Segment Total Geographical Markets United States $ 534,547 936,098 2,419 1,473,064 Europe 207,500 330 558,138 765,968 Russia 62,018 30 27,657 89,705 Other 125,806 32,792 181,691 340,289 $ 929,871 969,250 769,905 2,669,026 Product Categories Ceramic & Stone $ 927,459 8,322 — 935,781 Carpet & Resilient 2,412 772,079 247,724 1,022,215 Laminate & Wood — 188,849 253,213 442,062 Other (1) — — 268,968 268,968 $ 929,871 969,250 769,905 2,669,026 (1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

Restructuring, Acquisition and

Restructuring, Acquisition and Integration-Related Costs	3 Months Ended
	Apr. 02, 2022
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 including accelerated depreciation (“Asset write-downs”) and workforce reductions. Restructuring, acquisition transaction and integration-related costs consisted of the following during the three months ended April 2, 2022 and April 3, 2021: Three Months Ended April 2 April 3 Cost of sales Restructuring costs $ 898 10,165 Acquisition integration-related costs 40 17 Restructuring and acquisition integration-related costs $ 938 10,182 Selling, general and administrative expenses Restructuring costs $ — (90) Acquisition transaction-related costs 696 849 Acquisition integration-related costs 284 243 Restructuring, acquisition transaction and integration-related costs $ 980 1,002 The restructuring activity for the three months ended April 2, 2022 is as follows: Severance Other Total Balances as of December 31, 2021 $ 1,634 995 2,629 Restructuring costs Flooring NA Segment — 105 105 Flooring ROW Segment — 793 793 Total restructuring costs — 898 898 Cash payments (875) (970) (1,845) Non-cash items (15) (904) (919) Balances as of April 2, 2022 $ 744 19 763 Restructuring costs recorded in: Cost of sales $ — 898 898 Total restructuring costs $ — 898 898 The Company expects the remaining severance and other restructuring costs to be paid over the next 12 months.

Fair Value

Fair Value	3 Months Ended
	Apr. 02, 2022
Fair Value Disclosures [Abstract]
Fair Value	Fair Value The Company’s wholly-owned captive insurance company may invest in the Company’s commercial paper. These short-term commercial paper investments are classified as trading securities and carried at fair value based upon the Level 2 fair value hierarchy. Items Measured at Fair Value The following table presents the items measured at fair value as of April 2, 2022 and December 31, 2021: Fair Value April 2, 2022 December 31, 2021 Short-term investments: Commercial paper (Level 2) $ 310,000 323,000

Receivables, net

Receivables, net	3 Months Ended
	Apr. 02, 2022
Receivables [Abstract]
Receivables, net	Receivables, net Receivables, net are as follows: At April 2, 2022 At December 31, 2021 Customers, trade $ 1,947,020 1,721,584 Income tax receivable 59,365 73,727 Other 111,527 117,823 2,117,912 1,913,134 Less: allowance for discounts, claims and doubtful accounts 73,214 73,149 Receivables, net $ 2,044,698 1,839,985

Inventories

Inventories	3 Months Ended
	Apr. 02, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories are as follows: At April 2, 2022 At December 31, 2021 Finished goods $ 1,738,910 1,677,707 Work in process 164,442 144,004 Raw materials 609,892 569,961 Total inventories $ 2,513,244 2,391,672

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets 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, 2021 Goodwill $ 1,563,267 874,198 1,497,869 3,935,334 Accumulated impairment losses (531,930) (343,054) (452,441) (1,327,425) 1,031,337 531,144 1,045,428 2,607,909 Goodwill adjustments related to acquisitions — — (731) (731) Currency translation during the period (6,765) — (21,028) (27,793) Balance as of April 2, 2022 Goodwill 1,556,502 874,198 1,476,110 3,906,810 Accumulated impairment losses (531,930) (343,054) (452,441) (1,327,425) Balance as of April 2, 2022, net $ 1,024,572 531,144 1,023,669 2,579,385 Intangible assets not subject to amortization: Tradenames Balance as of December 31, 2021 $ 694,905 Currency translation during the period (7,171) Balance as of April 2, 2022 $ 687,734 Intangible assets subject to amortization: Gross carrying amounts: Customer Patents Other Total Balance as of December 31, 2021 $ 680,177 256,336 6,786 943,299 Adjustments related to acquisitions (36) — — (36) Currency translation during the period (8,985) (6,378) (143) (15,506) Balance as of April 2, 2022 $ 671,156 249,958 6,643 927,757 Accumulated amortization: Customer Patents Other Total Balance as of December 31, 2021 $ 483,748 252,414 2,062 738,224 Amortization during the period 6,961 165 47 7,173 Currency translation during the period (7,135) (6,282) (16) (13,433) Balance as of April 2, 2022 $ 483,574 246,297 2,093 731,964 Intangible assets subject to amortization, net as of April 2, 2022 $ 187,582 3,661 4,550 195,793 Three Months Ended April 2, April 3, Amortization expense $ 7,173 7,498

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Apr. 02, 2022
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses Accounts payable and accrued expenses are as follows: At April 2, 2022 At December 31, 2021 Outstanding checks in excess of cash $ 2,483 3,005 Accounts payable, trade 1,296,066 1,228,621 Accrued expenses 644,161 666,209 Product warranties 41,693 45,215 Accrued interest 19,143 17,940 Accrued compensation and benefits 216,801 256,428 Total accounts payable and accrued expenses $ 2,220,347 2,217,418

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Apr. 02, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component for the three months ended April 2, 2022 are as follows: Foreign currency translation adjustments Prior pension and post-retirement benefit service cost and actuarial gain (loss) Total Balance as of December 31, 2021 $ (959,199) (7,753) (966,952) Current period other comprehensive income (loss) (82,184) 537 (81,647) Balance as of April 2, 2022 $ (1,041,383) (7,216) (1,048,599) The following tables reflect the changes in stockholders’ equity for the three months ended April 2, 2022 and April 3, 2021 (in thousands). Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Nonredeemable Noncontrolling Interests Total Stockholders’ Equity Shares Amount Shares Amount December 31, 2021 72,952 $729 $1,911,131 $7,692,064 ($966,952) (7,343) ($215,547) $6,791 $8,428,216 Shares issued under employee and director stock plans 105 1 (3,268) — — 2 52 — (3,215) Stock-based compensation expense — — 5,655 — — — — — 5,655 Repurchases of common stock (2,177) (21) — (306,556) — — — — (306,577) Net earnings attributable to noncontrolling interests — — — — — — — 105 105 Currency translation adjustment on noncontrolling interests — — — — — — — (263) (263) Currency translation adjustment — — — — (82,184) — — — (82,184) Prior pension and post-retirement benefit service cost and actuarial gain — — — — 537 — — — 537 Net earnings — — — 245,329 — — — — 245,329 April 2, 2022 70,880 $709 $1,913,518 $7,630,837 ($1,048,599) (7,341) ($215,495) $6,633 $8,287,603 Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Nonredeemable Noncontrolling Interests Total Stockholders’ Equity Shares Amount Shares Amount December 31, 2020 77,624 $776 $1,885,142 $7,559,191 ($695,145) (7,346) ($215,648) $6,842 $8,541,158 Shares issued under employee and director stock plans 113 1 (1,570) — — 3 97 — (1,472) Stock-based compensation expense — — 5,968 — — — — — 5,968 Repurchases of common stock (687) (7) — (122,869) — — — — (122,876) Net earnings attributable to noncontrolling interests — — — — — — — 4 4 Currency translation adjustment on noncontrolling interests — — — — — — — (247) (247) Currency translation adjustment — — — — (160,407) — — — (160,407) Prior pension and post-retirement benefit service cost and actuarial gain — — — — 97 — — — 97 Net earnings — — — 236,807 — — — — 236,807 April 3, 2021 77,050 $770 $1,889,540 $7,673,129 ($855,455) (7,343) ($215,551) $6,599 $8,499,032

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 02, 2022
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-Based Compensation	Stock-Based CompensationThe Company recognizes compensation expense for all share-based payments granted based on the grant-date fair value estimated in accordance with the provisions of ASC 718-10. Compensation expense is recognized on a straight-line basis over the awards’ estimated lives for fixed awards with ratable vesting provisions.The Company granted 189 restricted stock units (“RSUs”) at a weighted average grant-date fair value of $137.99 per unit for the three months ended April 2, 2022. The Company granted 173 RSUs at a weighted average grant-date fair value of $175.12 per unit for the three months ended April 3, 2021. The Company recognized stock-based compensation costs related to the issuance of RSUs of $5,655 ($4,184 net of taxes) and $5,968 ($4,416 net of taxes) for the three months ended April 2, 2022 and April 3, 2021, 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 $35,901 as of April 2, 2022, and will be recognized as expense over a weighted-average period of approximately 2.15 years.

Other Expense (Income), net

Other Expense (Income), net	3 Months Ended
	Apr. 02, 2022
Other Nonoperating Income (Expense) [Abstract]
Other Expense (Income), net	Other Expense (Income), net Other expense (income), net is as follows: Three Months Ended April 2, April 3, Foreign currency losses (gains), net $ 736 (1,186) Release of indemnification asset 7,212 — All other, net (5,510) (1,041) Total other expense (income), net $ 2,438 (2,227)

Income Taxes

Income Taxes	3 Months Ended
	Apr. 02, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesFor the three months ended April 2, 2022, the Company recorded income tax expense of $61,448 on earnings before income taxes of $306,882 for an effective tax rate of 20.0%, as compared to an income tax expense of $67,690 on earnings before income taxes of $304,501, for an effective tax rate of 22.2% for the three months ended April 3, 2021. The difference in the effective tax rates for the comparative periods was impacted by the Company’s geographic dispersion of profits and losses for the respective periods, lower U.S. tax on foreign earnings, and an Italian benefit associated with a release of an uncertain tax liability in the first quarter of 2022.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Apr. 02, 2022
Equity [Abstract]
Stockholders' Equity	Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by component for the three months ended April 2, 2022 are as follows: Foreign currency translation adjustments Prior pension and post-retirement benefit service cost and actuarial gain (loss) Total Balance as of December 31, 2021 $ (959,199) (7,753) (966,952) Current period other comprehensive income (loss) (82,184) 537 (81,647) Balance as of April 2, 2022 $ (1,041,383) (7,216) (1,048,599) The following tables reflect the changes in stockholders’ equity for the three months ended April 2, 2022 and April 3, 2021 (in thousands). Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Nonredeemable Noncontrolling Interests Total Stockholders’ Equity Shares Amount Shares Amount December 31, 2021 72,952 $729 $1,911,131 $7,692,064 ($966,952) (7,343) ($215,547) $6,791 $8,428,216 Shares issued under employee and director stock plans 105 1 (3,268) — — 2 52 — (3,215) Stock-based compensation expense — — 5,655 — — — — — 5,655 Repurchases of common stock (2,177) (21) — (306,556) — — — — (306,577) Net earnings attributable to noncontrolling interests — — — — — — — 105 105 Currency translation adjustment on noncontrolling interests — — — — — — — (263) (263) Currency translation adjustment — — — — (82,184) — — — (82,184) Prior pension and post-retirement benefit service cost and actuarial gain — — — — 537 — — — 537 Net earnings — — — 245,329 — — — — 245,329 April 2, 2022 70,880 $709 $1,913,518 $7,630,837 ($1,048,599) (7,341) ($215,495) $6,633 $8,287,603 Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Nonredeemable Noncontrolling Interests Total Stockholders’ Equity Shares Amount Shares Amount December 31, 2020 77,624 $776 $1,885,142 $7,559,191 ($695,145) (7,346) ($215,648) $6,842 $8,541,158 Shares issued under employee and director stock plans 113 1 (1,570) — — 3 97 — (1,472) Stock-based compensation expense — — 5,968 — — — — — 5,968 Repurchases of common stock (687) (7) — (122,869) — — — — (122,876) Net earnings attributable to noncontrolling interests — — — — — — — 4 4 Currency translation adjustment on noncontrolling interests — — — — — — — (247) (247) Currency translation adjustment — — — — (160,407) — — — (160,407) Prior pension and post-retirement benefit service cost and actuarial gain — — — — 97 — — — 97 Net earnings — — — 236,807 — — — — 236,807 April 3, 2021 77,050 $770 $1,889,540 $7,673,129 ($855,455) (7,343) ($215,551) $6,599 $8,499,032

Earnings Per Share

Earnings Per Share	3 Months Ended
	Apr. 02, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per common share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per common share assumes the 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 net earnings attributable to Mohawk Industries, Inc. and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows: Three Months Ended April 2, April 3, Net earnings attributable to Mohawk Industries, Inc. $ 245,329 236,807 Weighted-average common shares outstanding-basic and diluted: Weighted-average common shares outstanding—basic 64,686 70,179 Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net 284 295 Weighted-average common shares outstanding-diluted 64,970 70,474 Earnings per share attributable to Mohawk Industries, Inc. Basic $ 3.79 3.37 Diluted $ 3.78 3.36

Segment Reporting

Segment Reporting	3 Months Ended
	Apr. 02, 2022
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company has three reporting segments: the Global Ceramic Segment, the Flooring North America (“Flooring NA”) Segment and the Flooring Rest of the World (“Flooring ROW”) Segment. The Global Ceramic Segment designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone, porcelain slabs, quartz countertops and other products, which it distributes primarily in North America, Europe, South America 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, laminate, resilient (includes sheet vinyl and luxury vinyl tile (“LVT”)) and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through various selling channels, including independent floor covering retailers, distributors, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial contractors and commercial end users. The Flooring ROW Segment designs, manufactures, sources, licenses and markets laminate, sheet vinyl, LVT, wood flooring, roofing panels, insulation boards, medium-density fiberboard (“MDF”), chipboards and other wood products, which it distributes primarily in Europe, Australia, New Zealand and Russia through various selling channels, which include retailers, Company-operated distributors, independent distributors and home centers. The accounting policies for each operating segment are consistent with the Company’s policies for the consolidated financial statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income. Segment information is as follows: Three Months Ended April 2, April 3, Net sales: Global Ceramic Segment $ 1,064,757 929,871 Flooring NA Segment 1,071,910 969,250 Flooring ROW Segment 878,996 769,905 Total $ 3,015,663 2,669,026 Operating income (loss): Global Ceramic Segment $ 100,338 87,804 Flooring NA Segment 95,324 81,298 Flooring ROW Segment 134,650 159,306 Corporate and intersegment eliminations (9,511) (10,893) Total $ 320,801 317,515 At April 2, 2022 At December 31, 2021 Assets: Global Ceramic Segment $ 5,240,214 5,160,776 Flooring NA Segment 4,220,757 4,125,960 Flooring ROW Segment 4,413,013 4,361,741 Corporate and intersegment eliminations 512,735 576,040 Total $ 14,386,719 14,224,517

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 02, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is involved in various lawsuits, claims, investigations and other legal matters 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. Perfluorinated Compounds (“PFCs”) Litigation In September 2016, the Water Works and Sewer Board of the City of Gadsden, Alabama (the “Gadsden Water Board”) filed an individual complaint in the Circuit Court of Etowah County, Alabama against certain manufacturers, suppliers, and users of chemicals containing specific PFCs, including the Company. In May 2017, the Water Works and Sewer Board of the Town of Centre, Alabama (the “Centre Water Board”) filed a similar complaint in the Circuit Court of Cherokee County, Alabama. The Gadsden Water Board and the Centre Water Board both seek monetary damages and injunctive relief claiming that their water supplies contain excessive amounts of PFCs. Certain defendants, including the Company, filed dispositive motions in each case arguing that the Alabama state courts lack personal jurisdiction over them. These motions were denied. In June and September 2018, certain defendants, including the Company, petitioned the Alabama Supreme Court for Writs of Mandamus directing each lower court to enter an order granting the defendants’ dispositive motions on personal jurisdiction grounds. The Alabama Supreme Court denied the petitions on December 20, 2019. Certain defendants, including the Company, filed an Application for Rehearing with the Alabama Supreme Court asking the court to reconsider its December 2019 decision. The Alabama Supreme Court denied the application for rehearing. On August 21, 2020, certain defendants, including the Company, petitioned the Supreme Court of the United States for review of the matter. On January 19, 2021, the Supreme Court denied the defendants’ petition for review. In December 2019, the City of Rome, Georgia (“Rome”) filed a complaint in the Superior Court of Floyd County, Georgia that is similar to the Gadsden Water Board and Centre Water Board complaints, again seeking monetary damages and injunctive relief related to PFCs. Also in December 2019, Jarrod Johnson filed a putative class action in the Superior Court of Floyd County, Georgia purporting to represent all water subscribers with the Rome (Georgia) Water and Sewer Division and/or the Floyd County (Georgia) Water Department and seeking to recover, among other things, damages in the form of alleged increased rates and surcharges incurred by ratepayers for the costs associated with eliminating certain PFCs from their drinking water. In January 2020, defendant 3M Company removed the class action to federal court. The Company filed motions to dismiss in both of these cases. On December 17, 2020, the Superior Court of Floyd County denied the Company’s motion to dismiss in the Rome case. On September 20, 2021, the Northern District of Georgia denied the Company’s motion to dismiss in the class action. The Company denies all liability in these matters and intends to defend them vigorously. Putative Securities Class Action On January 3, 2020, the Company and certain of its executive officers were named as defendants in a putative shareholder class action lawsuit filed in the United States District Court for the Northern District of Georgia (the “Securities Class Action”). The complaint alleges that defendants violated the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making materially false and misleading statements and that the officers are control persons under Section 20(a) of the Securities Exchange Act of 1934. The complaint is filed on behalf of shareholders who purchased shares of the Company’s common stock between April 28, 2017 and July 25, 2019 (“Class Period”). On June 29, 2020, an amended complaint was filed in the Securities Class Action against Mohawk and its CEO Jeff Lorberbaum, based on the same claims and the same Class Period. The amended complaint alleges that the Company (1) engaged in fabricating revenues by attempting delivery to customers that were closed and recognizing these attempts as sales; (2) overproduced product to report higher operating margins and maintained significant inventory that was not salable; and (3) valued certain inventory improperly or improperly delivered inventory with knowledge that it was defective and customers would return it. On October 27, 2020, defendants filed a motion to dismiss the amended complaint. On September 29, 2021, the court issued an order granting in part and denying the defendants’ motion to dismiss the amended complaint. Defendants filed an answer to the amended complaint on November 12, 2021, and fact discovery is ongoing. On January 26, 2022, Lead Plaintiff moved for class certification, to appoint itself as class representative, and for appointment of class counsel. The Company intends to vigorously defend against the claims. Government Subpoenas As previously disclosed, on June 25, 2020, the Company received subpoenas issued by the U.S. Attorney’s Office for the Northern District of Georgia (the “USAO”) and the U.S. Securities and Exchange Commission (the “SEC”) relating to matters similar to the allegations of wrongdoing raised by the Securities Class Action. The Company’s Audit Committee, with the assistance of outside legal counsel, conducted a thorough internal investigation into these allegations. The Audit Committee has completed the investigation and concluded that the allegations of wrongdoing are without merit. The USAO and SEC investigations are ongoing, and the Company is cooperating fully with those authorities. The Company will continue to vigorously defend against the allegations of wrongdoing in the Securities Class Action and does not believe they have merit. Delaware State Court Action The Company and certain of its present and former executive officers were named as defendants in a putative state securities class action lawsuit filed in the Superior Court of the State of Delaware on January 30, 2020. The complaint alleges that defendants violated Sections 11 and 12 of the Securities Act of 1933. The complaint is filed on behalf of shareholders who purchased shares of the Company’s common stock in Mohawk Industries Retirement Plan 1 and Mohawk Industries Retirement Plan 2 between April 27, 2017 and July 25, 2019. On March 27, 2020, the court granted a temporary stay of the litigation. The stay may be lifted at the close of fact discovery in the related Securities Class Action pending in the United States District Court for the Northern District of Georgia according to the terms set forth in the court’s order to stay litigation. The Company intends to vigorously defend against the claims. Georgia State Court Investor Actions The Company and certain of its present and former executive officers were named as defendants in certain investor actions, filed in the State Court of Fulton County of the State of Georgia on April 22, 2021 and April 23, 2021. Four complaints brought on behalf of purported former Mohawk stockholders each allege that defendants defrauded the respective plaintiffs through false or misleading statements and thereby induced plaintiffs to purchase Company stock at artificially inflated prices. The allegations are similar to those of the Securities Class Action pending in the United States District Court for the Northern District of Georgia. The claims alleged include fraud, negligent misrepresentation, violations of the Georgia Securities Act, and violations of the Georgia Racketeering and Corrupt Organizations statute. Plaintiffs in the investor actions seek compensatory and punitive damages. On June 28, 2021, defendants filed motions to dismiss each of the four complaints and answers to the same. On October 5, 2021, all four investor actions were transferred by the State Court of Fulton County to the Metro Atlanta Business Case Division, where fact discovery is ongoing. On January 28, 2022, the Court granted in part and denied in part the motions to dismiss, dismissing the Georgia Securities Act claims as to all defendants, and the negligent misrepresentation claim as to the Company. The Company intends to vigorously defend against the claims. Separate Federal Actions The Company and certain of its present and former executive officers were named as defendants in two additional non-class action lawsuits filed in the United States District Court for the Northern District of Georgia on June 22, 2021 and March 25, 2022, respectively. Each complaint is brought on behalf of a group of purported former Mohawk stockholders and alleges that defendants defrauded the plaintiffs through false or misleading statements and thereby induced plaintiffs to purchase Company stock at artificially inflated prices. The allegations are similar to those of the Securities Class Action. The federal law claims alleged include violations of Sections 10(b) and 18 of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making materially false and misleading statements and that the officers are control persons under Section 20(a) of the Securities Exchange Act of 1934. The state law claims alleged include fraud, negligent misrepresentation, violations of the Georgia Securities Act, and violations of the Georgia Racketeering and Corrupt Organizations statute. Plaintiffs in the lawsuit seek compensatory and punitive damages and attorneys’ fees. On December 13, 2021, defendants filed motions to dismiss the June 22, 2021 complaint, which remain pending. The Company intends to vigorously defend against the claims. Derivative Actions The Company and certain of its executive officers and directors were named as defendants in certain derivative actions filed in the United States District Court for the Northern District of Georgia on May 18, 2020 and August 6, 2020, respectively (the “NDGA Derivative Actions”), in the Superior Court of Gordon County of the State of Georgia on March 3, 2021 and July 12, 2021 (the “Georgia Derivative Actions”), and in the Delaware Court of Chancery on March 10, 2022 (the “Delaware Derivative Action”). The complaints allege that defendants breached their fiduciary duties to the Company by causing the Company to issue materially false and misleading statements. The complaints are filed on behalf of the Company and seek to remedy fiduciary duty breaches occurring from April 28, 2017 to July 25, 2019. On July 20, 2020, the court in the NDGA Derivative Actions granted a temporary stay of the litigation. On October 21, 2020, the court entered an order consolidating the NDGA Derivative Actions and appointing Lead Counsel. Other shareholders of record jointly moved to intervene in the derivative actions to stay the proceedings. On September 28, 2021, the court in the NDGA Derivative Actions issued an order granting the request to intervene. On April 8, 2021, the court in the first-filed of the Georgia Derivative Actions granted a temporary stay of the litigation. On January 18, 2022, the Court in the NDGA Derivative Actions lifted the temporary stay of the litigation. On January 20, 2022, the court in the second-filed of the Georgia Derivative Actions entered an order on scheduling requiring defendants to file and serve their response to the complaint on February 21, 2022. On February 28, 2022, the court granted a stay of the Georgia Derivative Actions until the entry of a final judgment in the NDGA Derivative Actions and stipulating that the prevailing party in the NDGA Derivative Actions would be the prevailing party in the Georgia Derivative Actions. On April 6, 2022, the court granted a stay of the Delaware Derivative Action until the entry of a final judgment in the NDGA Derivative Actions and stipulating that the prevailing party in the NDGA Derivative Actions would be the prevailing party in the Delaware Derivative Action. The Company intends to vigorously defend against the claims. Belgian Tax Matter The Company has been in a dispute with the Belgian Tax Authority (the “BTA”) regarding the proper tax treatment of the royalty income arising from intellectual property (“IP”) owned by a Luxembourg subsidiary, Flooring Industries Limited Sarl (“FIL”). The BTA had assessed Unilin BV for the calendar years ending December 2005 through 2010 in an amount totaling €223,321 (including penalties but excluding interest), alleging that Unilin BV inappropriately transferred valuable IP to FIL and income associated with that IP should be taxed in Belgium. Unilin BV challenged all of these assessments and prevailed both in the Court of First Appeal in Bruges and in the Ghent Court of Appeal. In 2021, the BTA indicated it will not appeal these cases to the Supreme Court and has withdrawn all of the assessments for 2005 through 2010. Consequently, all of those tax years are now closed. Having lost under its original theory, the BTA is in the process of initiating new assessments for later years against FIL rather than Unilin BV. The BTA now alleges that FIL had a taxable presence in Belgium and should be taxed on royalties received in respect of its IP. The BTA issued initial assessments in December 2020 and June 2021 that totaled €371,696 (including penalties but excluding interest) for calendar years ending December 2013 through 2018. However, in November and December of 2021, the BTA cancelled these assessments and in April 2022 issued new assessments that total €186,734 (including penalties but excluding interest) for those years using different calculations. The Company expects an additional assessment for 2019. Under the statute of limitations, the BTA may not assess FIL for any years prior to 2013, and the Company believes that FIL’s statute of limitations is closed for 2013 through 2016, although this will be a point of contention with the BTA. These assessments involve the same underlying facts at issue in the above referenced cases where Unilin BV prevailed at two different levels. Consequently, the Company believes that its tax position in Belgium was correct and will persist with its vigorous defense. When the BTA issues tax assessments, Belgian tax law requires assurances that the taxes can be paid even while they are being disputed. Consequently, the BTA has placed liens on various properties of Unilin BV to support the original assessments discussed above. Since those assessments have been nullified by the courts, the accompanying liens have been withdrawn. Since FIL does not have property in Belgium, the BTA may require assurances from FIL to support the new assessments for 2013 through 2019. These assurances may take the form of a bond or bank guarantees. General The Company believes that adequate provisions for resolution of all contingencies, claims and pending litigation have been made for probable losses that are reasonably estimable. These contingencies are subject to significant uncertainties and the Company is unable to estimate the amount or range of loss, if any, in excess of amounts accrued. The Company does not believe that the ultimate outcome of these actions will have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year.

Debt

Debt	3 Months Ended
	Apr. 02, 2022
Debt Disclosure [Abstract]
Debt	Debt Senior Credit Facility On October 18, 2019, the Company amended and restated its $1,800,000 senior credit facility, extending the maturity from March 26, 2022 to October 18, 2024 (as amended and restated, the “Senior Credit Facility”). The Senior Credit Facility marginally reduced the commitment fee and modified certain negative covenants to provide the Company with additional flexibility, including flexibility to make acquisitions and incur additional indebtedness. The restatement also renewed the Company’s option to extend the maturity of the Senior Credit Facility up to two times for an additional one-year period each. At the Company’s election, revolving loans under the Senior Credit Facility bear interest at annual rates equal to either (a) LIBOR for 1, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 1.00% and 1.75% (1.00% as of April 2, 2022), or (b) the higher of the Wells Fargo Bank, National Association prime rate, the Federal Funds rate plus 0.5%, or the Eurocurrency Rate (as defined in the Senior Credit Facility) rate plus 1.0%, plus an applicable margin ranging between 0.00% and 0.75% (0.00% as of April 2, 2022). The Company also pays a commitment fee to the lenders under the Senior Credit Facility on the average amount by which the aggregate commitments of the lenders exceed utilization of the Senior Credit Facility ranging from 0.09% to 0.20% per annum (0.09% as of April 2, 2022). The applicable margins and the commitment fee are determined based on whichever of the Company’s Consolidated Net Leverage Ratio or its senior unsecured debt rating (or if not available, corporate family rating) results in the lower applicable margins and commitment fee (with applicable margins and the commitment fee increasing as that ratio increases or those ratings decline, as applicable). On October 28, 2021, the Company further amended the Senior Credit Facility to replace LIBOR for euros with the EURIBOR benchmark rate. The obligations of the Company and its subsidiaries in respect of the Senior Credit Facility are unsecured. The Senior Credit Facility includes certain affirmative and negative covenants that impose restrictions on the Company’s financial and business operations, including limitations on liens, subsidiary indebtedness, fundamental changes, asset dispositions, dividends and other similar restricted payments, transactions with affiliates, future negative pledges, and changes in the nature of the Company’s business. The limitations contain customary exceptions or, in certain cases, do not apply as long as the Company is in compliance with the financial ratio requirements and is not otherwise in default. The Senior Credit Facility originally required the Company to maintain a Consolidated Interest Coverage Ratio of at least 3.00 to 1.00 and a Consolidated Net Leverage Ratio of no more than 3.75 to 1.00, each as of the last day of any fiscal quarter. However, on May 7, 2020 the Company amended the Senior Credit Facility to temporarily increase the minimum Consolidated Net Leverage Ratio to 4.75 to 1.00 and to increase the amount of certain adjustments to Net Income that are permitted to calculate the ratio. The relief provided by the amendment was in effect for the fiscal quarters ending on September 26, 2020 through (and including) the fiscal quarter ending December 31, 2021. The Senior Credit Facility also contains customary representations and warranties and events of default, subject to customary grace periods. In 2019, the Company paid financing costs of $2,264 in connection with the amendment and restatement of its Senior Credit Facility. These costs were deferred and, along with previously unamortized costs of $3,405 are being amortized over the term of the Senior Credit Facility. As of April 2, 2022, amounts utilized under the Senior Credit Facility included zero borrowings and $19,790 of standby letters of credit related to various insurance contracts and foreign vendor commitments. Any outstanding borrowings under the Company’s U.S. and European commercial paper programs reduce the availability of the Senior Credit Facility. Including commercial paper borrowings, the Company has utilized $955,644 under the Senior Credit Facility resulting in a total of $844,356 available as of April 2, 2022. Commercial Paper On February 28, 2014 and July 31, 2015, the Company established programs for the issuance of unsecured commercial paper in the United States and Eurozone capital markets, respectively. Commercial paper issued under the U.S. and European programs will have maturities ranging up to 397 and 183 days, respectively. None of the commercial paper notes may be voluntarily prepaid or redeemed by the Company and all rank pari passu with all of the Company’s other unsecured and unsubordinated indebtedness. To the extent that the Company issues European commercial paper notes through a subsidiary of the Company, the notes will be fully and unconditionally guaranteed by the Company. The Company uses its Senior Credit Facility as a liquidity backstop for its commercial paper programs. Accordingly, the total amount outstanding under all of the Company’s commercial paper programs may not exceed $1,800,000 (less any amounts drawn on the Senior Credit Facility) at any time. The proceeds from the issuance of commercial paper notes will be available for general corporate purposes. As of April 2, 2022, there were $911,000 outstanding under the U.S. commercial paper program, and the euro equivalent of $24,854 under the European program. The weighted-average interest rate and maturity period for the U.S. program were 0.96% and 30.0 days, respectively. The weighted-average interest rate and maturity period for the European program were (0.24)% and 19.7 days, respectively. Senior Notes On June 12, 2020, Mohawk Capital Finance S.A. (“Mohawk Finance”), an indirect wholly-owned finance subsidiary of the Company, completed the issuance and sale of €500,000 aggregate principal amount of 1.750% Senior Notes (“1.750% Senior Notes”) due June 12, 2027. The 1.750% Senior Notes are senior unsecured obligations of Mohawk Finance and rank pari passu with all of Mohawk Finance’s other existing and future senior unsecured indebtedness. The 1.750% Senior Notes are fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. Interest on the 1.750% Senior Notes is payable annually in cash on June 12 of each year, commencing on June 12, 2021. The Company paid financing costs of $4,400 in connection with the 1.750% Senior Notes. These costs were deferred and are being amortized over the term of the 1.750% Senior Notes. On May 14, 2020, the Company completed the issuance and sale of $500,000 aggregate principal amount of 3.625% Senior Notes (“3.625% Senior Notes”) due May 15, 2030. The 3.625% Senior Notes are senior unsecured obligations of the Company and rank pari passu with all of the Company’s existing and future unsecured indebtedness. Interest on the 3.625% Senior Notes is payable semi-annually in cash on May 15 and November 15 of each year, commencing on November 15, 2020. The Company paid financing costs of $5,476 in connection with the 3.625% Senior Notes. These costs were deferred and are being amortized over the term of the 3.625% Senior Notes. On January 31, 2013, the Company issued $600,000 aggregate principal amount of 3.85% Senior Notes (“3.85% Senior Notes”) due February 1, 2023. The 3.85% Senior Notes 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 3.85% Senior Notes is payable semi-annually in cash on February 1 and August 1 of each year. The Company paid financing costs of $6,000 in connection with the 3.85% Senior Notes. These costs were deferred and are being amortized over the term of the 3.85% Senior Notes. As defined in the related agreements, the Company’s senior notes contain covenants, representations and warranties and events of default, subject to exceptions, and restrictions on the Company’s financial and business operations, including limitations on liens, restrictions on entering into sale and leaseback transactions, fundamental changes, and a provision allowing the holder of the notes to require repayment upon a change of control triggering event. The fair values and carrying values of the Company’s debt instruments are detailed as follows: At April 2, 2022 At December 31, 2021 Fair Value Carrying Fair Value Carrying 1.750% Senior Notes, payable June 12, 2027; interest payable annually $ 553,286 552,303 601,037 566,380 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually 490,125 500,000 538,545 500,000 3.85% Senior Notes, payable February 1, 2023; interest payable semi-annually 606,060 600,000 615,630 600,000 U.S. commercial paper 911,000 911,000 598,000 598,000 European commercial paper 24,854 24,854 15,859 15,859 Finance leases and other 54,825 54,825 53,163 53,163 Unamortized debt issuance costs (8,118) (8,118) (8,617) (8,617) Total debt 2,632,032 2,634,864 2,413,617 2,324,785 Less current portion of long term-debt and commercial paper 1,546,463 1,546,463 624,503 624,503 Long-term debt, less current portion $ 1,085,569 1,088,401 1,789,114 1,700,282 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.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows Information	3 Months Ended
	Apr. 02, 2022
Supplemental Cash Flow Information [Abstract]
Consolidated Statements of Cash Flows Information	Consolidated Statements of Cash Flows Information Supplemental cash flow information were as follows: Three Months Ended April 2, April 3, Net cash paid during the periods for: Interest $ 12,737 24,286 Income taxes $ 52,469 17,994 Supplemental schedule of non-cash investing and financing activities: Unpaid property plant and equipment in accounts payable and accrued expenses $ 81,633 64,531 Fair value of assets acquired/adjusted in acquisitions $ (777) 12,734 Liabilities assumed/adjusted in acquisitions (174) (6,396) $ (951) 6,338 Right of use assets obtained in exchange for lease obligations: Operating leases $ 21,769 45,569 Finance leases $ 4,710 5,241

General (Policies)

General (Policies)	3 Months Ended
	Apr. 02, 2022
Accounting Policies [Abstract]
Interim Reporting	Interim ReportingThe 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 2021 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.
Hedges of Net Investments in Non-U.S. Operations	Hedges of Net Investments in Non-U.S. OperationsThe 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 has in the past and might in the future use foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. In periods when the Company uses foreign currency denominated debt to hedge its non-U.S. net investments, 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.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, Simplifying the Accounting for Income Taxes which simplified the accounting for income taxes in several areas by removing certain exceptions and by clarifying and amending existing guidance applicable to accounting for income taxes. The Company adopted the new standard on January 1, 2021. The effect of adopting the new standard was not material.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Apr. 02, 2022
Revenue from Contract with Customer [Abstract]
Summary of segment revenues disaggregated by geography and product line	The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended April 2, 2022 and April 3, 2021: April 2, 2022 Global Ceramic Segment Flooring NA Segment Flooring ROW Segment Total Geographical Markets United States $ 585,231 1,035,880 2,786 1,623,897 Europe 245,236 2,132 637,363 884,731 Russia 66,518 23 39,736 106,277 Other 167,772 33,875 199,111 400,758 $ 1,064,757 1,071,910 878,996 3,015,663 Product Categories Ceramic & Stone $ 1,059,711 8,988 — 1,068,699 Carpet & Resilient 5,046 843,082 244,128 1,092,256 Laminate & Wood — 219,840 297,137 516,977 Other (1) — — 337,731 337,731 $ 1,064,757 1,071,910 878,996 3,015,663 April 3, 2021 Global Ceramic Segment Flooring NA Segment Flooring ROW Segment Total Geographical Markets United States $ 534,547 936,098 2,419 1,473,064 Europe 207,500 330 558,138 765,968 Russia 62,018 30 27,657 89,705 Other 125,806 32,792 181,691 340,289 $ 929,871 969,250 769,905 2,669,026 Product Categories Ceramic & Stone $ 927,459 8,322 — 935,781 Carpet & Resilient 2,412 772,079 247,724 1,022,215 Laminate & Wood — 188,849 253,213 442,062 Other (1) — — 268,968 268,968 $ 929,871 969,250 769,905 2,669,026 (1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

Restructuring, Acquisition an_2

Restructuring, Acquisition and Integration-Related Costs (Tables)	3 Months Ended
	Apr. 02, 2022
Restructuring and Related Activities [Abstract]
Schedule of restructuring, acquisition transaction and integration-related costs	Restructuring, acquisition transaction and integration-related costs consisted of the following during the three months ended April 2, 2022 and April 3, 2021: Three Months Ended April 2 April 3 Cost of sales Restructuring costs $ 898 10,165 Acquisition integration-related costs 40 17 Restructuring and acquisition integration-related costs $ 938 10,182 Selling, general and administrative expenses Restructuring costs $ — (90) Acquisition transaction-related costs 696 849 Acquisition integration-related costs 284 243 Restructuring, acquisition transaction and integration-related costs $ 980 1,002
Schedule of restructuring activity	The restructuring activity for the three months ended April 2, 2022 is as follows: Severance Other Total Balances as of December 31, 2021 $ 1,634 995 2,629 Restructuring costs Flooring NA Segment — 105 105 Flooring ROW Segment — 793 793 Total restructuring costs — 898 898 Cash payments (875) (970) (1,845) Non-cash items (15) (904) (919) Balances as of April 2, 2022 $ 744 19 763 Restructuring costs recorded in: Cost of sales $ — 898 898 Total restructuring costs $ — 898 898 The Company expects the remaining severance and other restructuring costs to be paid over the next 12 months.

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Apr. 02, 2022
Fair Value Disclosures [Abstract]
Schedule of fair value measurements	The following table presents the items measured at fair value as of April 2, 2022 and December 31, 2021: Fair Value April 2, 2022 December 31, 2021 Short-term investments: Commercial paper (Level 2) $ 310,000 323,000

Receivables, net (Tables)

Receivables, net (Tables)	3 Months Ended
	Apr. 02, 2022
Receivables [Abstract]
Schedule of net components of receivables	Receivables, net are as follows: At April 2, 2022 At December 31, 2021 Customers, trade $ 1,947,020 1,721,584 Income tax receivable 59,365 73,727 Other 111,527 117,823 2,117,912 1,913,134 Less: allowance for discounts, claims and doubtful accounts 73,214 73,149 Receivables, net $ 2,044,698 1,839,985

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 02, 2022
Inventory Disclosure [Abstract]
Schedule of net components of inventories	The components of inventories are as follows: At April 2, 2022 At December 31, 2021 Finished goods $ 1,738,910 1,677,707 Work in process 164,442 144,004 Raw materials 609,892 569,961 Total inventories $ 2,513,244 2,391,672

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Apr. 02, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	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, 2021 Goodwill $ 1,563,267 874,198 1,497,869 3,935,334 Accumulated impairment losses (531,930) (343,054) (452,441) (1,327,425) 1,031,337 531,144 1,045,428 2,607,909 Goodwill adjustments related to acquisitions — — (731) (731) Currency translation during the period (6,765) — (21,028) (27,793) Balance as of April 2, 2022 Goodwill 1,556,502 874,198 1,476,110 3,906,810 Accumulated impairment losses (531,930) (343,054) (452,441) (1,327,425) Balance as of April 2, 2022, net $ 1,024,572 531,144 1,023,669 2,579,385
Schedule of indefinite life assets not subject to amortization	Intangible assets not subject to amortization: Tradenames Balance as of December 31, 2021 $ 694,905 Currency translation during the period (7,171) Balance as of April 2, 2022 $ 687,734
Schedule of intangible assets subject to amortization	Intangible assets subject to amortization: Gross carrying amounts: Customer Patents Other Total Balance as of December 31, 2021 $ 680,177 256,336 6,786 943,299 Adjustments related to acquisitions (36) — — (36) Currency translation during the period (8,985) (6,378) (143) (15,506) Balance as of April 2, 2022 $ 671,156 249,958 6,643 927,757 Accumulated amortization: Customer Patents Other Total Balance as of December 31, 2021 $ 483,748 252,414 2,062 738,224 Amortization during the period 6,961 165 47 7,173 Currency translation during the period (7,135) (6,282) (16) (13,433) Balance as of April 2, 2022 $ 483,574 246,297 2,093 731,964 Intangible assets subject to amortization, net as of April 2, 2022 $ 187,582 3,661 4,550 195,793
Schedule of intangible assets amortization expense	Three Months Ended April 2, April 3, Amortization expense $ 7,173 7,498

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Apr. 02, 2022
Payables and Accruals [Abstract]
Components of accounts payable and accrued expenses	Accounts payable and accrued expenses are as follows: At April 2, 2022 At December 31, 2021 Outstanding checks in excess of cash $ 2,483 3,005 Accounts payable, trade 1,296,066 1,228,621 Accrued expenses 644,161 666,209 Product warranties 41,693 45,215 Accrued interest 19,143 17,940 Accrued compensation and benefits 216,801 256,428 Total accounts payable and accrued expenses $ 2,220,347 2,217,418

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Apr. 02, 2022
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	The changes in accumulated other comprehensive income (loss) by component for the three months ended April 2, 2022 are as follows: Foreign currency translation adjustments Prior pension and post-retirement benefit service cost and actuarial gain (loss) Total Balance as of December 31, 2021 $ (959,199) (7,753) (966,952) Current period other comprehensive income (loss) (82,184) 537 (81,647) Balance as of April 2, 2022 $ (1,041,383) (7,216) (1,048,599)

Other Expense (Income), net (Ta

Other Expense (Income), net (Tables)	3 Months Ended
	Apr. 02, 2022
Other Nonoperating Income (Expense) [Abstract]
Summary of other expense (income), net	Other expense (income), net is as follows: Three Months Ended April 2, April 3, Foreign currency losses (gains), net $ 736 (1,186) Release of indemnification asset 7,212 — All other, net (5,510) (1,041) Total other expense (income), net $ 2,438 (2,227)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Apr. 02, 2022
Equity [Abstract]
Schedule of changes in stockholders' equity	The following tables reflect the changes in stockholders’ equity for the three months ended April 2, 2022 and April 3, 2021 (in thousands). Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Nonredeemable Noncontrolling Interests Total Stockholders’ Equity Shares Amount Shares Amount December 31, 2021 72,952 $729 $1,911,131 $7,692,064 ($966,952) (7,343) ($215,547) $6,791 $8,428,216 Shares issued under employee and director stock plans 105 1 (3,268) — — 2 52 — (3,215) Stock-based compensation expense — — 5,655 — — — — — 5,655 Repurchases of common stock (2,177) (21) — (306,556) — — — — (306,577) Net earnings attributable to noncontrolling interests — — — — — — — 105 105 Currency translation adjustment on noncontrolling interests — — — — — — — (263) (263) Currency translation adjustment — — — — (82,184) — — — (82,184) Prior pension and post-retirement benefit service cost and actuarial gain — — — — 537 — — — 537 Net earnings — — — 245,329 — — — — 245,329 April 2, 2022 70,880 $709 $1,913,518 $7,630,837 ($1,048,599) (7,341) ($215,495) $6,633 $8,287,603 Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Nonredeemable Noncontrolling Interests Total Stockholders’ Equity Shares Amount Shares Amount December 31, 2020 77,624 $776 $1,885,142 $7,559,191 ($695,145) (7,346) ($215,648) $6,842 $8,541,158 Shares issued under employee and director stock plans 113 1 (1,570) — — 3 97 — (1,472) Stock-based compensation expense — — 5,968 — — — — — 5,968 Repurchases of common stock (687) (7) — (122,869) — — — — (122,876) Net earnings attributable to noncontrolling interests — — — — — — — 4 4 Currency translation adjustment on noncontrolling interests — — — — — — — (247) (247) Currency translation adjustment — — — — (160,407) — — — (160,407) Prior pension and post-retirement benefit service cost and actuarial gain — — — — 97 — — — 97 Net earnings — — — 236,807 — — — — 236,807 April 3, 2021 77,050 $770 $1,889,540 $7,673,129 ($855,455) (7,343) ($215,551) $6,599 $8,499,032

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Apr. 02, 2022
Earnings Per Share [Abstract]
Schedule of earnings per share	A reconciliation of net earnings attributable to Mohawk Industries, Inc. and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows: Three Months Ended April 2, April 3, Net earnings attributable to Mohawk Industries, Inc. $ 245,329 236,807 Weighted-average common shares outstanding-basic and diluted: Weighted-average common shares outstanding—basic 64,686 70,179 Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net 284 295 Weighted-average common shares outstanding-diluted 64,970 70,474 Earnings per share attributable to Mohawk Industries, Inc. Basic $ 3.79 3.37 Diluted $ 3.78 3.36

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Apr. 02, 2022
Segment Reporting [Abstract]
Summary of segment information	Segment information is as follows: Three Months Ended April 2, April 3, Net sales: Global Ceramic Segment $ 1,064,757 929,871 Flooring NA Segment 1,071,910 969,250 Flooring ROW Segment 878,996 769,905 Total $ 3,015,663 2,669,026 Operating income (loss): Global Ceramic Segment $ 100,338 87,804 Flooring NA Segment 95,324 81,298 Flooring ROW Segment 134,650 159,306 Corporate and intersegment eliminations (9,511) (10,893) Total $ 320,801 317,515 At April 2, 2022 At December 31, 2021 Assets: Global Ceramic Segment $ 5,240,214 5,160,776 Flooring NA Segment 4,220,757 4,125,960 Flooring ROW Segment 4,413,013 4,361,741 Corporate and intersegment eliminations 512,735 576,040 Total $ 14,386,719 14,224,517

Debt (Tables)

Debt (Tables)	3 Months Ended
	Apr. 02, 2022
Debt Disclosure [Abstract]
Schedule of carrying values and estimated fair values of debt instruments	The fair values and carrying values of the Company’s debt instruments are detailed as follows: At April 2, 2022 At December 31, 2021 Fair Value Carrying Fair Value Carrying 1.750% Senior Notes, payable June 12, 2027; interest payable annually $ 553,286 552,303 601,037 566,380 3.625% Senior Notes, payable May 15, 2030; interest payable semi-annually 490,125 500,000 538,545 500,000 3.85% Senior Notes, payable February 1, 2023; interest payable semi-annually 606,060 600,000 615,630 600,000 U.S. commercial paper 911,000 911,000 598,000 598,000 European commercial paper 24,854 24,854 15,859 15,859 Finance leases and other 54,825 54,825 53,163 53,163 Unamortized debt issuance costs (8,118) (8,118) (8,617) (8,617) Total debt 2,632,032 2,634,864 2,413,617 2,324,785 Less current portion of long term-debt and commercial paper 1,546,463 1,546,463 624,503 624,503 Long-term debt, less current portion $ 1,085,569 1,088,401 1,789,114 1,700,282

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows Information (Tables)	3 Months Ended
	Apr. 02, 2022
Supplemental Cash Flow Information [Abstract]
Supplemental cash flow information	Supplemental cash flow information were as follows: Three Months Ended April 2, April 3, Net cash paid during the periods for: Interest $ 12,737 24,286 Income taxes $ 52,469 17,994 Supplemental schedule of non-cash investing and financing activities: Unpaid property plant and equipment in accounts payable and accrued expenses $ 81,633 64,531 Fair value of assets acquired/adjusted in acquisitions $ (777) 12,734 Liabilities assumed/adjusted in acquisitions (174) (6,396) $ (951) 6,338 Right of use assets obtained in exchange for lease obligations: Operating leases $ 21,769 45,569 Finance leases $ 4,710 5,241

General (Details)

General (Details) - 2.00% senior notes due January 14, 2022 $ in Thousands	Oct. 19, 2021EUR (€)	Apr. 03, 2021USD ($)	Jun. 09, 2015EUR (€)
Debt Instrument [Line Items]
Aggregate principal amount of debts | €	€ 500,000,000		€ 500,000,000
Interest rate (as a percent)	2.00%		2.00%
Repayments of senior debt | €	€ 500,000,000
Increase (decrease) in debt value | $		$ 27,047
Increase (decrease) in debt value, net of taxes | $		$ 20,694

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Nov. 02, 2021	Sep. 07, 2021	Dec. 31, 2021	Apr. 02, 2022
Business Acquisition [Line Items]
Goodwill			$ 2,607,909	$ 2,579,385
Flooring ROW Segment
Business Acquisition [Line Items]
Goodwill			1,045,428	$ 1,023,669
Flooring ROW Segment | Flooring ROW Acquisitions
Business Acquisition [Line Items]
Purchase agreement price	$ 46,348	$ 66,334	123,018
Goodwill			54,527
Intangible assets subject to amortization			19,910
Flooring ROW Segment | Other 2021 Acquisitions
Business Acquisition [Line Items]
Goodwill			1,672
Intangible assets subject to amortization			$ 5,596

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Details) - USD ($)	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract liability	$ 74,165,000		$ 65,744,000
Revenue recognized related to contract liabilities	0
Capitalized contract cost	49,042,000		$ 49,644,000
Amortization of capitalized contract costs	$ 12,340,000	$ 15,581,000

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 3,015,663	$ 2,669,026
Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	1,068,699	935,781
Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	1,092,256	1,022,215
Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	516,977	442,062
Other
Disaggregation of Revenue [Line Items]
Net sales	337,731	268,968
United States
Disaggregation of Revenue [Line Items]
Net sales	1,623,897	1,473,064
Europe
Disaggregation of Revenue [Line Items]
Net sales	884,731	765,968
Russia
Disaggregation of Revenue [Line Items]
Net sales	106,277	89,705
Other
Disaggregation of Revenue [Line Items]
Net sales	400,758	340,289
Global Ceramic Segment
Disaggregation of Revenue [Line Items]
Net sales		929,871
Flooring NA Segment
Disaggregation of Revenue [Line Items]
Net sales		969,250
Flooring ROW Segment
Disaggregation of Revenue [Line Items]
Net sales		769,905
Operating segments | Global Ceramic Segment
Disaggregation of Revenue [Line Items]
Net sales	1,064,757	929,871
Operating segments | Global Ceramic Segment | Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	1,059,711	927,459
Operating segments | Global Ceramic Segment | Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	5,046	2,412
Operating segments | Global Ceramic Segment | Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	0	0
Operating segments | Global Ceramic Segment | Other
Disaggregation of Revenue [Line Items]
Net sales	0	0
Operating segments | Global Ceramic Segment | United States
Disaggregation of Revenue [Line Items]
Net sales	585,231	534,547
Operating segments | Global Ceramic Segment | Europe
Disaggregation of Revenue [Line Items]
Net sales	245,236	207,500
Operating segments | Global Ceramic Segment | Russia
Disaggregation of Revenue [Line Items]
Net sales	66,518	62,018
Operating segments | Global Ceramic Segment | Other
Disaggregation of Revenue [Line Items]
Net sales	167,772	125,806
Operating segments | Flooring NA Segment
Disaggregation of Revenue [Line Items]
Net sales	1,071,910	969,250
Operating segments | Flooring NA Segment | Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	8,988	8,322
Operating segments | Flooring NA Segment | Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	843,082	772,079
Operating segments | Flooring NA Segment | Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	219,840	188,849
Operating segments | Flooring NA Segment | Other
Disaggregation of Revenue [Line Items]
Net sales	0	0
Operating segments | Flooring NA Segment | United States
Disaggregation of Revenue [Line Items]
Net sales	1,035,880	936,098
Operating segments | Flooring NA Segment | Europe
Disaggregation of Revenue [Line Items]
Net sales	2,132	330
Operating segments | Flooring NA Segment | Russia
Disaggregation of Revenue [Line Items]
Net sales	23	30
Operating segments | Flooring NA Segment | Other
Disaggregation of Revenue [Line Items]
Net sales	33,875	32,792
Operating segments | Flooring ROW Segment
Disaggregation of Revenue [Line Items]
Net sales	878,996	769,905
Operating segments | Flooring ROW Segment | Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales	0	0
Operating segments | Flooring ROW Segment | Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales	244,128	247,724
Operating segments | Flooring ROW Segment | Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales	297,137	253,213
Operating segments | Flooring ROW Segment | Other
Disaggregation of Revenue [Line Items]
Net sales	337,731	268,968
Operating segments | Flooring ROW Segment | United States
Disaggregation of Revenue [Line Items]
Net sales	2,786	2,419
Operating segments | Flooring ROW Segment | Europe
Disaggregation of Revenue [Line Items]
Net sales	637,363	558,138
Operating segments | Flooring ROW Segment | Russia
Disaggregation of Revenue [Line Items]
Net sales	39,736	27,657
Operating segments | Flooring ROW Segment | Other
Disaggregation of Revenue [Line Items]
Net sales	$ 199,111	$ 181,691

Restructuring, Acquisition an_3

Restructuring, Acquisition and Integration-Related Costs - Schedule of Restructuring, Acquisition Transaction and Integration-Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 898
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring costs	898	$ 10,165
Acquisition integration-related costs	40	17
Restructuring, acquisition transaction and integration-related costs	938	10,182
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	(90)
Acquisition transaction-related costs	696	849
Acquisition integration-related costs	284	243
Restructuring, acquisition transaction and integration-related costs	$ 980	$ 1,002

Restructuring, Acquisition an_4

Restructuring, Acquisition and Integration-Related Costs - Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Restructuring Reserve [Roll Forward]
Beginning balance	$ 2,629
Restructuring costs	898
Cash payments	(1,845)
Non-cash items	(919)
Ending balance	763
Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	898	$ 10,165
Severance
Restructuring Reserve [Roll Forward]
Beginning balance	1,634
Restructuring costs	0
Cash payments	(875)
Non-cash items	(15)
Ending balance	744
Severance | Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	0
Other restructuring costs
Restructuring Reserve [Roll Forward]
Beginning balance	995
Restructuring costs	898
Cash payments	(970)
Non-cash items	(904)
Ending balance	19
Other restructuring costs | Cost of sales
Restructuring Reserve [Roll Forward]
Restructuring costs	898
Operating segments | Flooring NA Segment
Restructuring Reserve [Roll Forward]
Restructuring costs	105
Operating segments | Flooring ROW Segment
Restructuring Reserve [Roll Forward]
Restructuring costs	793
Operating segments | Severance | Flooring NA Segment
Restructuring Reserve [Roll Forward]
Restructuring costs	0
Operating segments | Severance | Flooring ROW Segment
Restructuring Reserve [Roll Forward]
Restructuring costs	0
Operating segments | Other restructuring costs | Flooring NA Segment
Restructuring Reserve [Roll Forward]
Restructuring costs	105
Operating segments | Other restructuring costs | Flooring ROW Segment
Restructuring Reserve [Roll Forward]
Restructuring costs	$ 793

Fair Value - Schedule of Fair V

Fair Value - Schedule of Fair Value Measurements (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Dec. 31, 2021
Fair value, recurring | (Level 2) | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	$ 310,000	$ 323,000

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Dec. 31, 2021
Receivables [Abstract]
Customers, trade	$ 1,947,020	$ 1,721,584
Income tax receivable	59,365	73,727
Other	111,527	117,823
Receivables, gross	2,117,912	1,913,134
Less: allowance for discounts, claims and doubtful accounts	73,214	73,149
Receivables, net	$ 2,044,698	$ 1,839,985

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 1,738,910	$ 1,677,707
Work in process	164,442	144,004
Raw materials	609,892	569,961
Total inventories	$ 2,513,244	$ 2,391,672

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of goodwill (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	$ 3,935,334
Accumulated impairment losses, beginning balance	(1,327,425)
Goodwill, net, beginning balance	2,607,909
Goodwill adjustments related to acquisitions	(731)
Currency translation during the period	(27,793)
Goodwill, gross, ending balance	3,906,810
Accumulated impairment losses, ending balance	(1,327,425)
Goodwill, net, ending balance	2,579,385
Global Ceramic Segment
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	1,563,267
Accumulated impairment losses, beginning balance	(531,930)
Goodwill, net, beginning balance	1,031,337
Goodwill adjustments related to acquisitions	0
Currency translation during the period	(6,765)
Goodwill, gross, ending balance	1,556,502
Accumulated impairment losses, ending balance	(531,930)
Goodwill, net, ending balance	1,024,572
Flooring NA Segment
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	874,198
Accumulated impairment losses, beginning balance	(343,054)
Goodwill, net, beginning balance	531,144
Goodwill adjustments related to acquisitions	0
Currency translation during the period	0
Goodwill, gross, ending balance	874,198
Accumulated impairment losses, ending balance	(343,054)
Goodwill, net, ending balance	531,144
Flooring ROW Segment
Goodwill [Roll Forward]
Goodwill, gross, beginning balance	1,497,869
Accumulated impairment losses, beginning balance	(452,441)
Goodwill, net, beginning balance	1,045,428
Goodwill adjustments related to acquisitions	(731)
Currency translation during the period	(21,028)
Goodwill, gross, ending balance	1,476,110
Accumulated impairment losses, ending balance	(452,441)
Goodwill, net, ending balance	$ 1,023,669

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of indefinite life assets not subject to amortization (Details) - Tradenames $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Balance as of December 31, 2021	$ 694,905
Currency translation during the period	(7,171)
Balance as of April 2, 2022	$ 687,734

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of intangible assets subject to amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021	Dec. 31, 2021
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	$ 943,299
Adjustments related to acquisitions	(36)
Currency translation during the period	(15,506)
Intangible assets subject to amortization, ending balance	927,757
Accumulated amortization, beginning balance	738,224
Amortization during the period	7,173	$ 7,498
Currency translation during the period	(13,433)
Accumulated amortization, ending balance	731,964
Intangible assets subject to amortization, net as of April 2, 2022	195,793		$ 205,075
Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	680,177
Adjustments related to acquisitions	(36)
Currency translation during the period	(8,985)
Intangible assets subject to amortization, ending balance	671,156
Accumulated amortization, beginning balance	483,748
Amortization during the period	6,961
Currency translation during the period	(7,135)
Accumulated amortization, ending balance	483,574
Intangible assets subject to amortization, net as of April 2, 2022	187,582
Patents
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	256,336
Adjustments related to acquisitions	0
Currency translation during the period	(6,378)
Intangible assets subject to amortization, ending balance	249,958
Accumulated amortization, beginning balance	252,414
Amortization during the period	165
Currency translation during the period	(6,282)
Accumulated amortization, ending balance	246,297
Intangible assets subject to amortization, net as of April 2, 2022	3,661
Other
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance	6,786
Adjustments related to acquisitions	0
Currency translation during the period	(143)
Intangible assets subject to amortization, ending balance	6,643
Accumulated amortization, beginning balance	2,062
Amortization during the period	47
Currency translation during the period	(16)
Accumulated amortization, ending balance	2,093
Intangible assets subject to amortization, net as of April 2, 2022	$ 4,550

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of intangible assets amortization expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7,173	$ 7,498

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Outstanding checks in excess of cash	$ 2,483	$ 3,005
Accounts payable, trade	1,296,066	1,228,621
Accrued expenses	644,161	666,209
Product warranties	41,693	45,215
Accrued interest	19,143	17,940
Accrued compensation and benefits	216,801	256,428
Total accounts payable and accrued expenses	$ 2,220,347	$ 2,217,418

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	$ 8,428,216
Current period other comprehensive income (loss)	(81,647)
Ending balance	8,287,603
Foreign currency translation adjustments
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(959,199)
Current period other comprehensive income (loss)	(82,184)
Ending balance	(1,041,383)
Prior pension and post-retirement benefit service cost and actuarial gain (loss)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(7,753)
Current period other comprehensive income (loss)	537
Ending balance	(7,216)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance	(966,952)
Ending balance	$ (1,048,599)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - Restricted stock units (RSUs) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of shares granted in period (in shares)	189,000	173,000
Weighted-average grant-date fair value (in usd per share)	$ 137.99	$ 175.12
Recognized stock-based compensation costs	$ 5,655	$ 5,968
Recognized stock-based compensation costs, net of tax	4,184	$ 4,416
Pre-tax unrecognized compensation expense, net of forfeitures	$ 35,901
Recognized expense over a weighted-average period (years)	2 years 1 month 24 days

Other Expense (Income), net (De

Other Expense (Income), net (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Other Nonoperating Income (Expense) [Abstract]
Foreign currency losses (gains), net	$ 736	$ (1,186)
Release of Indemnification Asset	7,212	0
All other, net	(5,510)	(1,041)
Total other expense (income), net	$ 2,438	$ (2,227)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Income Tax Disclosure [Abstract]
Income tax expense	$ 61,448	$ 67,690
Earnings (loss) before income taxes	$ 306,882	$ 304,501
Effective tax rate	20.00%	22.20%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 8,428,216	$ 8,541,158
Shares issued under employee and director stock plans	(3,215)	(1,472)
Stock-based compensation expense	5,655	5,968
Repurchases of common stock	(306,577)	(122,876)
Net earnings attributable to noncontrolling interests	105	4
Currency translation adjustment on non-controlling interests	(263)	(247)
Currency translation adjustment	(82,184)	(160,407)
Prior pension and post-retirement benefit service cost and actuarial gain	537	97
Net earnings	245,329	236,807
Ending balance	8,287,603	8,499,032
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 729	$ 776
Beginning balance (in shares)	72,952	77,624
Shares issued under employee and director stock plans	$ 1	$ 1
Shares issued under employee and director stock plans (in shares)	105	113
Repurchases of common stock	$ (21)	$ (7)
Repurchases of common stock (in shares)	(2,177)	(687)
Ending balance	$ 709	$ 770
Ending balance (in shares)	70,880	77,050
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 1,911,131	$ 1,885,142
Shares issued under employee and director stock plans	(3,268)	(1,570)
Stock-based compensation expense	5,655	5,968
Ending balance	1,913,518	1,889,540
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	7,692,064	7,559,191
Repurchases of common stock	(306,556)	(122,869)
Net earnings	245,329	236,807
Ending balance	7,630,837	7,673,129
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(966,952)	(695,145)
Currency translation adjustment	(82,184)	(160,407)
Prior pension and post-retirement benefit service cost and actuarial gain	537	97
Ending balance	(1,048,599)	(855,455)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (215,547)	$ (215,648)
Beginning balance (in shares)	(7,343)	(7,346)
Shares issued under employee and director stock plans	$ 52	$ 97
Shares issued under employee and director stock plans (in shares)	2	3
Ending balance	$ (215,495)	$ (215,551)
Ending balance (in shares)	(7,341)	(7,343)
Nonredeemable Noncontrolling Interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 6,791	$ 6,842
Net earnings attributable to noncontrolling interests	105	4
Currency translation adjustment on non-controlling interests	(263)	(247)
Ending balance	$ 6,633	$ 6,599

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Earnings Per Share [Abstract]
Net earnings attributable to Mohawk Industries, Inc.	$ 245,329	$ 236,807
Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding-basic (in shares)	64,686	70,179
Add weighted-average dilutive potential common shares-options to purchase common shares and RSUs, net (in shares)	284	295
Weighted-average common shares outstanding-diluted (in shares)	64,970	70,474
Earnings per share attributable to Mohawk Industries, Inc.
Basic (in usd per share)	$ 3.79	$ 3.37
Diluted (in usd per share)	$ 3.78	$ 3.36

Segment Reporting (Details)

Segment Reporting (Details) $ in Thousands	3 Months Ended
	Apr. 02, 2022USD ($)segment	Apr. 03, 2021USD ($)	Dec. 31, 2021USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Segment Reporting Information [Line Items]
Net sales	$ 3,015,663	$ 2,669,026
Operating income (loss)	320,801	317,515
Assets	14,386,719		$ 14,224,517
Global Ceramic Segment
Segment Reporting Information [Line Items]
Net sales		929,871
Flooring NA Segment
Segment Reporting Information [Line Items]
Net sales		969,250
Flooring ROW Segment
Segment Reporting Information [Line Items]
Net sales		769,905
Operating segments | Global Ceramic Segment
Segment Reporting Information [Line Items]
Net sales	1,064,757	929,871
Operating income (loss)	100,338	87,804
Assets	5,240,214		5,160,776
Operating segments | Flooring NA Segment
Segment Reporting Information [Line Items]
Net sales	1,071,910	969,250
Operating income (loss)	95,324	81,298
Assets	4,220,757		4,125,960
Operating segments | Flooring ROW Segment
Segment Reporting Information [Line Items]
Net sales	878,996	769,905
Operating income (loss)	134,650	159,306
Assets	4,413,013		4,361,741
Corporate and intersegment eliminations
Segment Reporting Information [Line Items]
Operating income (loss)	(9,511)	$ (10,893)
Assets	$ 512,735		$ 576,040

Commitments and Contingencies (

Commitments and Contingencies (Details) € in Thousands	Oct. 05, 2021complaint	Apr. 23, 2021complaint	Dec. 31, 2021EUR (€)	Jun. 30, 2021EUR (€)	Mar. 25, 2022lawsuit	Dec. 31, 2010EUR (€)
Pending Litigation
Commitments And Contingencies [Line Items]
Number of class action lawsuits | lawsuit					2
Georgia State Court Investor Actions
Commitments And Contingencies [Line Items]
Number of complaints | complaint		4
Georgia State Court Investor Actions | Pending Litigation
Commitments And Contingencies [Line Items]
Number of complaints | complaint	4
Belgium | Foreign tax authority | Tax Years 2005 to 2010
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros) | €						€ 223,321
LUXEMBOURG | Foreign tax authority | 2018
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros) | €			€ 186,734	€ 371,696

Debt - Senior Credit Facility (

Debt - Senior Credit Facility (Details)	Oct. 18, 2019USD ($)extension_option	Apr. 02, 2022USD ($)	May 07, 2020	Dec. 31, 2019USD ($)
2019 senior secured credit facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility	$ 1,800,000,000
Number of extension options | extension_option	2
Additional maturity period extended	1 year
Commitment fee percentage		0.09%
Unamortized financing costs	$ 3,405,000
Utilized borrowings under credit facility		$ 955,644,000
Available amount under credit facility		844,356,000
2019 senior secured credit facility | Borrowings
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility		0
2019 senior secured credit facility | Standby letters of credit
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility		$ 19,790,000
2019 senior secured credit facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.09%
Consolidated interest coverage ratio, at least	3
2019 senior secured credit facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.20%
Consolidated net leverage ratio, no more than	3.75		4.75
2019 senior secured credit facility | London interbank offered rate (LIBOR)
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)		1.00%
2019 senior secured credit facility | London interbank offered rate (LIBOR) | Minimum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%
2019 senior secured credit facility | London interbank offered rate (LIBOR) | Maximum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.75%
2019 senior secured credit facility | Federal funds
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.50%
2019 senior secured credit facility | Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	1.00%	0.00%
2019 senior secured credit facility | Monthly LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.00%
2019 senior secured credit facility | Monthly LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on debt instrument (as a percent)	0.75%
2019 senior secured credit facility amendment, maturing October 18, 2024
Line of Credit Facility [Line Items]
Unamortized financing costs				$ 2,264,000

Debt - Commercial Paper (Detail

Debt - Commercial Paper (Details) - USD ($)	Jul. 31, 2015	Feb. 28, 2014	Apr. 02, 2022	Dec. 31, 2021	Oct. 18, 2019
Commercial paper | United States
Line of Credit Facility [Line Items]
Maturity period of debt		397 days	29 days 23 hours 45 minutes 36 seconds
Maximum borrowing capacity under credit facility					$ 1,800,000,000
Commercial paper | Europe
Line of Credit Facility [Line Items]
Maturity period of debt	183 days		19 days 16 hours 29 seconds
Carrying value | United States
Line of Credit Facility [Line Items]
Commercial paper			$ 911,000,000	$ 598,000,000
Carrying value | Europe
Line of Credit Facility [Line Items]
Commercial paper			$ 24,854,000	$ 15,859,000
Carrying value | Commercial paper | United States
Line of Credit Facility [Line Items]
Weighted average interest rate on debt (as a percent)			0.96%
Carrying value | Commercial paper | Europe
Line of Credit Facility [Line Items]
Weighted average interest rate on debt (as a percent)			(0.24%)

Debt - Senior Notes and Term Lo

Debt - Senior Notes and Term Loan (Details)	Jun. 12, 2020USD ($)	May 14, 2020USD ($)	Jan. 31, 2013USD ($)	Apr. 02, 2022	Jun. 12, 2020EUR (€)
1.750% senior notes due June 12, 2027
Debt Instrument [Line Items]
Aggregate principal amount of debts | €					€ 500,000,000
Interest rate (as a percent)				1.75%	1.75%
Payment of financing costs	$ 4,400,000
3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Debt Instrument [Line Items]
Aggregate principal amount of debts		$ 500,000,000
Interest rate (as a percent)		3.625%		3.625%
Payment of financing costs		$ 5,476,000
3.85% senior notes due February 1, 2023
Debt Instrument [Line Items]
Aggregate principal amount of debts			$ 600,000,000
Interest rate (as a percent)			3.85%	3.85%
Payment of financing costs			$ 6,000,000

Debt - Fair Value and Carrying

Debt - Fair Value and Carrying Value of Debt Instruments (Details) - USD ($) $ in Thousands	Apr. 02, 2022	Dec. 31, 2021	Jun. 12, 2020	May 14, 2020	Jan. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Less current portion of long term-debt and commercial paper	$ 1,546,463	$ 624,503
1.750% senior notes due June 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	1.75%		1.75%
3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	3.625%			3.625%
3.85% senior notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate (as a percent)	3.85%				3.85%
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	$ 54,825	53,163
Unamortized debt issuance costs	(8,118)	(8,617)
Total debt	2,632,032	2,413,617
Less current portion of long term-debt and commercial paper	1,546,463	624,503
Long-term debt, less current portion	1,085,569	1,789,114
Fair Value | United States
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	911,000	598,000
Fair Value | Europe
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	24,854	15,859
Fair Value | 1.750% senior notes due June 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	553,286	601,037
Fair Value | 3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	490,125	538,545
Fair Value | 3.85% senior notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	606,060	615,630
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other	54,825	53,163
Unamortized debt issuance costs	(8,118)	(8,617)
Total debt	2,634,864	2,324,785
Less current portion of long term-debt and commercial paper	1,546,463	624,503
Long-term debt, less current portion	1,088,401	1,700,282
Carrying Value | United States
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	911,000	598,000
Carrying Value | Europe
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper	24,854	15,859
Carrying Value | 1.750% senior notes due June 12, 2027
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	552,303	566,380
Carrying Value | 3.625% senior notes, payable May 15, 2030; interest payable semi-annually
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	500,000	500,000
Carrying Value | 3.85% senior notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable	$ 600,000	$ 600,000

Consolidated Statements of Ca_3

Consolidated Statements of Cash Flows Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Net cash paid during the periods for:
Interest	$ 12,737	$ 24,286
Income taxes	52,469	17,994
Supplemental schedule of non-cash investing and financing activities:
Unpaid property plant and equipment in accounts payable and accrued expenses	81,633	64,531
Fair value of assets acquired/adjusted in acquisitions	(777)	12,734
Liabilities assumed/adjusted in acquisitions	(174)	(6,396)
Noncash investing and financing activities, total	(951)	6,338
Right of use assets obtained in exchange for lease obligations:
Operating leases	21,769	45,569
Finance leases	$ 4,710	$ 5,241