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Mohawk Industries (MHK)

COVER PAGE

COVER PAGE - shares3 Months Ended
Mar. 28, 2020May 01, 2020
Entity Information [Line Items]
Document Type10-Q
Document Quarterly Reporttrue
Document Period End DateMar. 28,
2020
Document Transition Reportfalse
Entity File Number01-13697
Entity Registrant NameMOHAWK INDUSTRIES, INC.
Entity Incorporation, State or Country CodeDE
Entity Tax Identification Number52-1604305
Entity Address, Address Line One160 S. Industrial Blvd.
Entity Address, City or TownCalhoun
Entity Address, State or ProvinceGA
Entity Address, Postal Zip Code30701
City Area Code706
Local Phone Number629-7721
Entity Current Reporting StatusYes
Entity Interactive Data CurrentYes
Entity Filer CategoryLarge Accelerated Filer
Entity Small Businessfalse
Entity Emerging Growth Companyfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding71,184,454
Entity Central Index Key0000851968
Current Fiscal Year End Date--12-31
Document Fiscal Year Focus2020
Document Fiscal Period FocusQ1
Amendment Flagfalse
Common Stock, $.01 par value
Entity Information [Line Items]
Title of 12(b) SecurityCommon Stock, $.01 par value
Trading SymbolMHK
Security Exchange NameNYSE
Floating Rate Notes due 2020
Entity Information [Line Items]
Title of 12(b) SecurityFloating Rate Notes due 2020
No Trading Symbol Flagtrue
Security Exchange NameNYSE
Floating Rate Notes due 2021
Entity Information [Line Items]
Title of 12(b) SecurityFloating Rate Notes due 2021
No Trading Symbol Flagtrue
Security Exchange NameNYSE
2.000% Senior Notes due 2022
Entity Information [Line Items]
Title of 12(b) Security2.000% Senior Notes due 2022
No Trading Symbol Flagtrue
Security Exchange NameNYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in ThousandsMar. 28, 2020Dec. 31, 2019
Current assets:
Cash and cash equivalents $ 263,086 $ 134,785
Receivables, net1,644,750 1,526,619
Inventories2,195,434 2,282,328
Prepaid expenses419,099 415,546
Other current assets90,662 70,179
Total current assets4,613,031 4,429,457
Property, plant and equipment8,267,565 8,496,008
Less: accumulated depreciation3,794,652 3,797,091
Property, plant and equipment, net4,472,913 4,698,917
Right of use operating lease assets331,329 323,003
Goodwill2,519,979 2,570,027
Tradenames678,903 702,732
Other intangible assets subject to amortization, net225,120 226,147
Deferred income taxes and other non-current assets415,667 436,397
Total assets13,256,942 13,386,680
Current liabilities:
Short-term debt and current portion of long-term debt1,210,525 1,051,498
Accounts payable and accrued expenses1,554,085 1,559,140
Current operating lease liabilities106,673 101,945
Total current liabilities2,871,283 2,712,583
Deferred income taxes480,035 473,886
Long-term debt, less current portion1,514,000 1,518,388
Non-current operating lease liabilities238,830 228,155
Other long-term liabilities305,151 327,220
Total liabilities5,409,299 5,260,232
Commitments and contingencies (Note 17)
Stockholders’ equity:
Preferred stock, $.01 par value; 60 shares authorized; no shares issued0 0
Common stock, $.01 par value; 150,000 shares authorized; 78,531 and 78,980 shares issued in 2020 and 2019, respectively785 790
Additional paid-in capital1,870,003 1,868,250
Retained earnings7,274,085 7,232,337
Accumulated other comprehensive loss(1,087,852)(765,824)
Stockholders' equity before treasury stock8,057,021 8,335,553
Less: treasury stock at cost; 7,346 and 7,348 shares in 2020 and 2019, respectively215,653 215,712
Total Mohawk Industries, Inc. stockholders’ equity7,841,368 8,119,841
Nonredeemable noncontrolling interest6,275 6,607
Total stockholders’ equity7,847,643 8,126,448
Total liabilities and stockholders' equity $ 13,256,942 $ 13,386,680

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / sharesMar. 28, 2020Dec. 31, 2019
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)78,531,000 78,980,000
Treasury stock, shares (in shares)7,346,000 7,348,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Income Statement [Abstract]
Net sales $ 2,285,763 $ 2,442,490
Cost of sales1,669,323 1,817,563
Gross profit616,440 624,927
Selling, general and administrative expenses464,957 459,597
Operating income151,483 165,330
Interest expense8,671 10,473
Other expense (income), net5,679 (3,736)
Earnings before income taxes137,133 158,593
Income tax expense26,668 37,018
Net earnings including noncontrolling interests110,465 121,575
Net income (loss) attributable to noncontrolling interests(49)(10)
Net earnings attributable to Mohawk Industries, Inc. $ 110,514 $ 121,585
Basic earnings per share attributable to Mohawk Industries, Inc.
Basic earnings per share attributable to Mohawk Industries, Inc. (in usd per share) $ 1.54 $ 1.68
Weighted-average common shares outstanding-basic (in shares)71,547 72,342
Diluted earnings per share attributable to Mohawk Industries, Inc.
Diluted earnings per share attributable to Mohawk Industries, Inc. (in usd per share) $ 1.54 $ 1.67
Weighted-average common shares outstanding-diluted (in shares)71,777 72,646

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Statement of Comprehensive Income [Abstract]
Net earnings including noncontrolling interests $ 110,465 $ 121,575
Other comprehensive income (loss):
Foreign currency translation adjustments(322,411)13,962
Pension prior service cost and actuarial gain, net of tax101 108
Other comprehensive income (loss)(322,310)14,070
Comprehensive income (loss)(211,845)135,645
Comprehensive (loss) attributable to noncontrolling interests(332)(1)
Comprehensive income (loss) attributable to Mohawk Industries, Inc. $ (211,513) $ 135,646

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Cash flows from operating activities:
Net earnings $ 110,465 $ 121,575
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Restructuring11,709 32,937
Depreciation and amortization145,516 137,291
Deferred income taxes3,481 9,903
Loss on disposal of property, plant and equipment901 1,164
Stock-based compensation expense5,041 5,789
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net(168,740)(142,518)
Inventories24,284 (39,409)
Other assets and prepaid expenses(26,573)(2,474)
Accounts payable and accrued expenses66,175 71,199
Other liabilities22,715 (25,320)
Net cash provided by operating activities194,974 170,137
Cash flows from investing activities:
Additions to property, plant and equipment(115,632)(136,948)
Acquisitions, net of cash acquired0 (76,847)
Purchases of short-term investments(183,300)(154,000)
Redemption of short-term investments165,500 156,000
Net cash used in investing activities(133,432)(211,795)
Cash flows from financing activities:
Payments on Senior Credit Facilities(65,661)(132,030)
Proceeds from Senior Credit Facilities613,448 94,539
Payments on Commercial Paper(3,644,139)(3,815,406)
Proceeds from Commercial Paper3,259,341 3,895,455
Payments of other debt and financing costs(808)(125)
Purchase of Mohawk common stock(68,640)0
Change in outstanding checks in excess of cash(2,945)(10,965)
Shares redeemed for taxes(3,396)(4,669)
Proceeds from stock transactions1 1
Net cash (used in) provided by financing activities87,201 26,800
Effect of exchange rate changes on cash and cash equivalents(20,442)1,476
Net change in cash and cash equivalents128,301 (13,382)
Cash and cash equivalents, beginning of period134,785 119,050
Cash and cash equivalents, end of period $ 263,086 $ 105,668

General

General3 Months Ended
Mar. 28, 2020
Accounting Policies [Abstract]
GeneralGeneral 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 2019 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 uses foreign currency denominated debt to hedge its non-U.S. net investments against adverse movements in exchange rates. The gains and losses on the Company’s net investments in its non-U.S. operations are economically offset by losses and gains on its foreign currency borrowings. The Company designated its €500,000 2.00% Senior Notes borrowing as a net investment hedge of a portion of its European operations. For the three months ended March 28, 2020 and March 30, 2019 , the change in the U.S. dollar value of the Company’s euro denominated debt was a decrease of $3,182 ( $2,417 net of taxes) and a decrease of $11,233 ( $8,532 net of taxes), respectively, which is recorded in the foreign currency translation adjustment component of accumulated other comprehensive income or (loss). The change in the U.S. dollar value of the Company’s debt partially offsets the euro-to-dollar translation of the Company’s net investment in its European operations. Recent Accounting Pronouncements - Recently Adopted In June 2016, the FASB issues ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which was further amended by additional accounting standards updates issued by the FASB. The new standard replaced the incurred loss impairment methodology for recognizing credit losses with a new methodology that requires recognition of lifetime expected credit losses when a financial asset is originated or purchased, even if the risk of loss is remote. The new methodology (referred to as the current expected credit losses model, or "CECL") applies to most financial assets measured at amortized cost, including trade receivables, and requires consideration of a broader range of reasonable and supportable information to estimate expected credit losses. The Company adopted the new standard on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. The amendments remove the second step of the current goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This guidance is effective for impairment tests in fiscal years beginning after December 15, 2019. The effect of adopting the new standard was not material. Recent Accounting Pronouncements - Effective in Future Years 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 amendment is effective commencing in 2021 with early adoption permitted. The Company is currently evaluating the impact that the adoption of this accounting standards update will have on its consolidated financial statements.

Acquisitions

Acquisitions3 Months Ended
Mar. 28, 2020
Business Combinations [Abstract]
AcquisitionsAcquisitions 2019 Acquisitions During 2019, the Company acquired two hard surface flooring distribution companies based in the Netherlands and Czech Republic for $76,237 , resulting in a preliminary goodwill allocation of $38,366 and intangible assets subject to amortization of $12,789 . The results have been included in the Flooring ROW segment and are not material to the Company’s consolidated results of operations. 2018 Acquisitions On November 16, 2018 , the Company completed its purchase of Eliane S/A Revestimentos Ceramicos (“Eliane”), one of the largest ceramic tile companies in Brazil. Pursuant to the purchase agreement, the Company (i) acquired the entire issued share capital of Eliane and (ii) acquired $99,037 of net indebtedness of Eliane, with total cash consideration paid of $ 148,302 . The Company’s acquisition of Eliane resulted in allocations of goodwill of $ 33,019 , indefinite-lived tradename intangible assets of $ 32,238 and intangible assets subject to amortization of $ 5,818 . The majority of the goodwill is deductible for tax purposes. The factors contributing to the recognition of the amount of goodwill include product, sales and manufacturing synergies. Eliane’s results of operations have been included in the consolidated financial statements since the date of acquisition in the Global Ceramic reporting segment. On July 2, 2018 , the Company completed its acquisition of Godfrey Hirst Group, the leading flooring company in Australia and New Zealand, further extending Mohawk’s global position. The total value of the acquisition was $400,894 . The Company’s acquisition of Godfrey Hirst Group resulted in allocations of goodwill of $88,655 , indefinite-lived tradename intangible assets of $58,671 and intangible assets subject to amortization of $43,635 . The goodwill is deductible for tax purposes. The factors contributing to the recognition of the amount of goodwill include product, sales and manufacturing synergies. The Godfrey Hirst Group’s results have been included in the condensed consolidated financial statements since the date of acquisition in the Flooring NA and Flooring ROW segments. During the first quarter of 2018, the Company completed the acquisition of three businesses in the Flooring ROW segment for $24,610 , resulting in a goodwill allocation of $12,874 and intangibles subject to amortization of $7

Revenue from Contracts with Cus

Revenue from Contracts with Customers3 Months Ended
Mar. 28, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with CustomersRevenue from Contracts with Customers Revenue recognition and accounts receivable The Company recognizes revenues when it satisfies performance obligations as evidenced by the transfer of control of the promised goods to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods. The nature of the promised goods are ceramic, stone, carpet, resilient, laminate, wood and other flooring products. Payment is typically received 90 days or less from the invoice date. The Company adjusts the amounts of revenue for expected cash discounts, sales allowances, returns, and claims, based upon historical experience. The Company adjusts accounts receivable for doubtful account allowances based upon relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount, periodic evaluation of specific customer accounts, and the aging of accounts receivable. If the Company expects the financial condition of the Company’s customers to deteriorate based on current conditions or reasonable and supportable forecasts, additional allowances may be required. Contract liabilities The Company historically 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 $29,268 and $34,959 as of March 28, 2020 and December 31, 2019 , 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 March 28, 2020 was immaterial. Costs to obtain a contract The Company historically 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 $66,965 and $69,039 as of March 28, 2020 and December 31, 2019 , respectively. Amortization expense recognized during the three months ended March 28, 2020 related to these capitalized costs was $15,540 . Practical expedients and policy elections The Company elected the following practical expedients and policy elections: • Incremental costs of obtaining a contract is recorded as an expense when incurred in selling, general and administrative expenses if the amortization period is less than one year . • Shipping and handling activities performed after control has been transferred is accounted for as a fulfillment cost in cost of sales. 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 March 28, 2020 and March 30, 2019 : March 28, 2020 Global Ceramic segment Flooring NA segment Flooring ROW segment Total Geographical Markets United States $ 505,105 810,448 707 1,316,260 Europe 169,536 2,636 440,495 612,667 Russia 59,807 — 26,326 86,133 Other 114,002 35,246 121,455 270,703 $ 848,450 848,330 588,983 2,285,763 Product Categories Ceramic & Stone $ 848,450 10,365 — 858,815 Carpet & Resilient — 683,713 191,295 875,008 Laminate & Wood — 154,252 198,810 353,062 Other (1) — — 198,878 198,878 $ 848,450 848,330 588,983 2,285,763 March 30, 2019 Global Ceramic segment Flooring NA segment Flooring ROW segment Total Geographical Markets United States $ 541,826 883,242 68 1,425,136 Europe 179,310 1,837 469,916 651,063 Russia 51,915 29 23,615 75,559 Other 125,301 36,872 128,559 290,732 $ 898,352 921,980 622,158 2,442,490 Product Categories Ceramic & Stone $ 898,352 14,443 — 912,795 Carpet & Resilient — 735,424 190,929 926,353 Laminate & Wood — 172,113 210,201 382,314 Other (1) — — 221,028 221,028 $ 898,352 921,980 622,158 2,442,490 (1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

Restructuring, acquisition and

Restructuring, acquisition and integration-related costs3 Months Ended
Mar. 28, 2020
Restructuring and Related Activities [Abstract]
Restructuring, acquisition and integration-related costsRestructuring, acquisition and integration-related costs The Company incurs costs in connection with acquiring, integrating and restructuring acquisitions and in connection with its global cost-reduction/productivity initiatives. For example: • In connection with acquisition activity, the Company typically incurs costs associated with executing the transactions, integrating the acquired operations (which may include expenditures for consulting and the integration of systems and processes), and restructuring the combined company (which may include charges related to employees, assets and activities that will not continue in the combined company); and • In connection with the Company’s cost-reduction/productivity initiatives, it typically incurs costs and charges associated with site closings and other facility rationalization actions and workforce reductions. Restructuring, acquisition transaction and integration-related costs consisted of the following during the three months ended March 28, 2020 and March 30, 2019 : Three Months Ended March 28, 2020 March 30, 2019 Cost of sales Restructuring costs (1) $ 11,172 31,535 Acquisition integration-related costs 610 1,067 Restructuring and acquisition integration-related costs $ 11,782 32,602 Selling, general and administrative expenses Restructuring costs (1) $ 537 1,402 Acquisition transaction-related costs (216 ) 280 Acquisition integration-related costs 575 1,419 Restructuring, acquisition transaction and integration-related costs $ 896 3,101 (1) The restructuring costs for 2020 and 2019 primarily relate to the Company’s actions taken to lower its cost structure and improve efficiencies of manufacturing and distribution operations as well as actions related to the Company’s recent acquisitions. The restructuring activity for the three months ended March 28, 2020 is as follows: Lease impairments Asset write-downs Severance Other restructuring costs Total Balance as of December 31, 2019 $ 21 — 4,122 116 4,259 Provision - Flooring NA segment — 2,833 — 5,936 8,769 Provision - Flooring ROW segment — 1,605 281 993 2,879 Provision - Corporate — — 61 — 61 Cash payments (8 ) — (2,010 ) (3,757 ) (5,775 ) Non-cash items — (4,438 ) (144 ) (3,140 ) (7,722 ) Balance as of March 28, 2020 $ 13 — 2,310 148 2,471

Receivables, net

Receivables, net3 Months Ended
Mar. 28, 2020
Receivables [Abstract]
Receivables, netReceivables, net Receivables, net are as follows: At March 28, 2020 At December 31, 2019 Customers, trade $ 1,611,525 1,491,592 Income tax receivable 9,098 8,428 Other 88,872 88,520 1,709,495 1,588,540 Less: allowance for discounts, claims and doubtful accounts (1) 64,745 61,921 Receivables, net $ 1,644,750 1,526,619 (1) The Company adopted the new standard, ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements.

Inventories

Inventories3 Months Ended
Mar. 28, 2020
Inventory Disclosure [Abstract]
InventoriesInventories The components of inventories are as follows: At March 28, 2020 At December 31, 2019 Finished goods $ 1,560,769 1,610,742 Work in process 136,581 144,639 Raw materials 498,084 526,947 Total inventories $ 2,195,434 2,282,328

Goodwill and intangible assets

Goodwill and intangible assets3 Months Ended
Mar. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and intangible assetsGoodwill 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, 2019 Goodwill $ 1,583,576 874,198 1,439,678 3,897,452 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) 1,051,646 531,144 987,237 2,570,027 Goodwill recognized during the period — — (9,642 ) (9,642 ) Currency translation during the period (23,930 ) — (16,476 ) (40,406 ) Balance as of March 28, 2020 Goodwill 1,559,646 874,198 1,413,560 3,847,404 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) $ 1,027,716 531,144 961,119 2,519,979 Intangible assets not subject to amortization: Tradenames Balance as of December 31, 2019 $ 702,732 Currency translation during the period (23,829 ) Balance as of March 28, 2020 $ 678,903 Intangible assets subject to amortization: Gross carrying amounts: Customer Patents Other Total Balance as of December 31, 2019 $ 645,206 249,100 6,631 900,937 Intangible assets recognized during the period 12,789 — — 12,789 Currency translation during the period (9,387 ) (1,471 ) (204 ) (11,062 ) Balance as of March 28, 2020 $ 648,608 247,629 6,427 902,664 Accumulated amortization: Customer Patents Other Total Balance as of December 31, 2019 $ 426,765 246,872 1,153 674,790 Amortization during the period 6,324 510 42 6,876 Currency translation during the period (2,670 ) (1,445 ) (7 ) (4,122 ) Balance as of March 28, 2020 $ 430,419 245,937 1,188 677,544 Intangible assets subject to amortization, net $ 218,189 1,692 5,239 225,120 Three Months Ended March 28, March 30, Amortization expense $ 6,876 6,729 Mohawk performs its annual testing of goodwill and indefinite lived intangibles in the fourth quarter of each year and no impairment was indicated for 2019. In 2019 the Company also concluded that in general, a decline in estimated after tax cash flows greater than approximately 19% to 39% or an increase of approximately 15% to 45% in WACC or a significant or prolonged decline in market capitalization could result in an additional indication of impairment. As a result of the recent economic impact from COVID-19, the Company performed a qualitative assessment of whether the fair value of any of its reporting units or indefinite-lived intangible assets was more likely than not less than its carrying amount at March 28, 2020. The Company concluded neither goodwill nor any of its indefinite-lived intangible assets were impaired at March 28, 2020. However, while we have concluded that neither goodwill nor any of its indefinite-lived intangible assets were impaired during the quarter ended March 28, 2020, a prolonged pandemic could impact the Company’s assumptions utilized in the determination of the estimated fair values of the Company’s reporting units and indefinite-lived intangible assets significantly enough to trigger an impairment. Hence, the Company continues to monitor the economic impact of COVID-19 and may be required to reassess impairment of goodwill or indefinite-lived intangible assets in future interim periods.

Accounts payable and accrued ex

Accounts payable and accrued expenses3 Months Ended
Mar. 28, 2020
Payables and Accruals [Abstract]
Accounts payable and accrued expensesAccounts payable and accrued expenses Accounts payable and accrued expenses are as follows: At March 28, 2020 At December 31, 2019 Outstanding checks in excess of cash $ 6,981 9,924 Accounts payable, trade 899,178 824,956 Accrued expenses 409,445 461,035 Product warranties 51,983 49,184 Accrued interest 6,856 21,050 Accrued compensation and benefits 179,642 192,991 Total accounts payable and accrued expenses $ 1,554,085 1,559,140

Accumulated other comprehensive

Accumulated other comprehensive income (loss)3 Months Ended
Mar. 28, 2020
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 March 28, 2020 are as follows: Foreign currency translation adjustments Pensions, net of tax Total Balance as of December 31, 2019 $ (753,108 ) (12,716 ) (765,824 ) Current period other comprehensive income (loss) (322,129 ) 101 (322,028 ) Balance as of March 28, 2020 $ (1,075,237 ) (12,615 ) (1,087,852 ) The following tables reflect the changes in stockholders’ equity for the three months ended March 28, 2020 and March 30, 2019 (in thousands). Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Noncontrolling Interest Total Stockholders’ Equity Shares Amount Shares Amount January 1, 2020 78,980 $ 790 $ 1,868,250 $ 7,232,337 $ (765,824 ) (7,348 ) $ (215,712 ) $ 6,607 $ 8,126,448 Shares issued under employee and director stock plans 130 1 (3,288 ) — — 2 59 — (3,228 ) Stock-based compensation expense — — 5,041 — — — — — 5,041 Repurchases of common stock (579 ) (6 ) — (68,635 ) — — — — (68,641 ) Noncontrolling earnings — — — — — — — (49 ) (49 ) Currency translation adjustment on non-controlling interests — — — — — — — (283 ) (283 ) Currency translation adjustment — — — — (322,129 ) — — — (322,129 ) Prior pension and post-retirement benefit service cost and actuarial gain / loss — — — — 101 — — — 101 CECL Adoption — — — (131 ) — — — — (131 ) Net income — — — 110,514 — — — — 110,514 March 28, 2020 78,531 $ 785 $ 1,870,003 $ 7,274,085 $ (1,087,852 ) (7,346 ) $ (215,653 ) $ 6,275 $ 7,847,643 Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Noncontrolling Interest Total Stockholders’ Equity Shares Amount Shares Amount January 1, 2019 79,656 $ 797 $ 1,852,173 $ 6,588,197 $ (791,608 ) (7,349 ) $ (215,745 ) $ 6,245 $ 7,440,059 Shares issued under employee and director stock plans 115 1 (4,478 ) — — — 29 — (4,448 ) Stock-based compensation expense — — 5,789 — — — — — 5,789 Noncontrolling earnings — — — — — — — (10 ) (10 ) Currency translation adjustment on non-controlling interests — — — — — — — 9 9 Currency translation adjustment — — — — 13,953 — — — 13,953 Prior pension and post-retirement benefit service cost and actuarial gain / loss — — — — 108 — — — 108 Net income — — — 121,585 — — — — 121,585 March 30, 2019 79,771 $ 798 $ 1,853,484 $ 6,709,782 $ (777,547 ) (7,349 ) $ (215,716 ) $ 6,244 $ 7,577,045

Leases

Leases3 Months Ended
Mar. 28, 2020
Leases [Abstract]
LeasesLeases Effective January 1, 2019 the Company adopted ASC 842, which requires recognition of right of use (“ROU”) assets and lease liabilities on the balance sheet, based on the present value of the future minimum rental payments for existing operating leases. The Company adopted the provisions of ASC 842 on January 1, 2019 using a modified retrospective approach through a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption in line with the new transition method allowed under ASU 2018-11. ASC 842 provides a number of optional practical expedients in transition. The Company elected the “package of practical expedients” which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight and elected the practical expedient pertaining to land easements. The new standard also provides practical expedients for an entity’s ongoing accounting for leases. The Company elected the short-term lease exemption for all leases that qualify, meaning the Company will not recognize ROU assets or lease liabilities for leases with terms shorter than twelve months. The Company also elected the practical expedient to not separate lease and non-lease components for a majority of its asset classes, including real estate and most equipment. The Company measures the ROU assets and liabilities based on the present value of the future minimum lease payments over the lease term at the commencement date. Minimum lease payments include the fixed lease and non-lease components of the agreement, as well as any variable rent payments that depend on an index, initially measured using the index at the lease commencement date. The ROU assets are adjusted for any initial direct costs incurred less any lease incentives received, in addition to payments made on or before the commencement date of the lease. The Company recognizes lease expense for leases on a straight-line basis over the lease term. As the implicit rate is not readily determinable for most of the Company’s lease agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company’s credit spread adjusted for current market factors and foreign currency rates. The Company also made a policy election to determine its incremental borrowing rate, at the initial application date, using the total lease term and the total minimum rental payments, as the Company believes this rate is more indicative of the implied financing cost. The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for service centers, warehouses, showrooms, and machinery and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company enters into lease contracts ranging from 1 to 60 years with a majority of the Company’s lease terms ranging from 1 to 8 years . Some leases include one or more options to renew, with renewal terms that can extend the lease term from 3 to 10 years or more. The exercise of these lease renewal options is at the Company’s sole discretion. An insignificant number of our leases include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Certain of our leases include rental payments that will adjust periodically for inflation or certain adjustments based on step increases. An insignificant number of our leases contain residual value guarantees and none of our agreements contain material restrictive covenants. Variable rent expenses consist primarily of maintenance, property taxes and charges based on usage. We rent or sublease certain real estate to third parties. Our sublease portfolio consists mainly of operating leases. The components of lease costs are as follows: Three Months Ended March 28, 2020 Three Months Ended March 30, 2019 Cost of Goods Sold Selling, General and Administrative Total Cost of Goods Sold Selling, General and Administrative Total Operating lease costs Fixed $ 7,401 24,813 32,214 7,688 24,455 32,143 Short-term 2,641 3,805 6,446 1,439 2,909 4,348 Variable 2,269 8,126 10,395 2,278 5,200 7,478 Sub-leases (97 ) (141 ) (238 ) (84 ) (133 ) (217 ) $ 12,214 36,603 48,817 11,321 32,431 43,752 Three Months Ended March 28, 2020 Three Months Ended March 30, 2019 Depreciation and Amortization Interest Total Depreciation and Amortization Interest Total Finance lease costs Amortization of leased assets $ 1,254 — 1,254 432 — 432 Interest on lease liabilities — 149 149 — 31 31 $ 1,254 149 1,403 432 31 463 Net lease costs $ 50,220 44,215 Supplemental balance sheet information related to leases is as follows: Classification At March 28, 2020 At December 31, 2019 Assets Operating Leases Right of use operating lease assets Right of use operating lease assets $ 331,329 323,003 Finance Leases Property, plant and equipment, gross Property, plant and equipment 36,797 35,271 Accumulated depreciation Accumulated depreciation (6,725 ) (5,664 ) Property, plant and equipment, net Property, plant and equipment, net 30,072 29,607 Total lease assets $ 361,401 352,610 Liabilities Operating Leases Other current Current operating lease liabilities $ 106,673 101,945 Non-current Non-current operating lease liabilities 238,830 228,155 Total operating liabilities 345,503 330,100 Finance Leases Short-term debt Short-term debt and current portion of long-term debt 5,266 4,835 Long-term debt Long-term debt, less current portion 25,611 25,214 Total finance liabilities 30,877 30,049 Total lease liabilities $ 376,380 360,149 Maturities of lease liabilities are as follows: Year ending December 31, Finance Leases Operating Leases Total 2020 (excluding the three months ended March 28, 2020) $ 4,339 89,915 94,254 2021 5,413 98,707 104,120 2022 5,062 71,624 76,686 2023 4,386 43,215 47,601 2024 3,109 26,043 29,152 Thereafter 11,223 42,024 53,247 Total lease payments 33,532 371,528 405,060 Less imputed interest 2,655 26,025 Present value, Total $ 30,877 345,503 The Company had approximately $2,618 of leases that commenced after March 28, 2020 that created rights and obligations to the Company. These leases are not included in the above maturity schedule. For additional information regarding the Company’s Commitments and Contingencies as of December 31, 2019 as disclosed for finance and operating leases, see Note 15 in its 2019 Annual Report filed on Form 10-K. Lease term and discount rate are as follows: At March 28, 2020 At March 30, 2019 Weighted Average Remaining Lease Term Operating Leases 4.44 years 4.16 years Finance Leases 8.08 years 8.89 years Weighted Average Discount Rate Operating Leases 3.2 % 3.3 % Finance Leases 1.4 % 2.1 % Supplemental cash flow information related to leases was as follows: Three Months Ended March 28, March 30, Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 31,343 31,557 Operating cash flows from finance leases 110 31 Financing cash flows from finance leases 1,288 371 Right-of-use assets obtained in exchange for lease obligations: Operating Leases 39,911 22,243 Finance Leases 1,531 — Amortization: Amortization of Right of use operating lease assets (1) 30,189 28,641 (1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Condensed Consolidated Statements of Cash Flows.
LeasesLeases Effective January 1, 2019 the Company adopted ASC 842, which requires recognition of right of use (“ROU”) assets and lease liabilities on the balance sheet, based on the present value of the future minimum rental payments for existing operating leases. The Company adopted the provisions of ASC 842 on January 1, 2019 using a modified retrospective approach through a cumulative effect adjustment to retained earnings as of the beginning of the period of adoption in line with the new transition method allowed under ASU 2018-11. ASC 842 provides a number of optional practical expedients in transition. The Company elected the “package of practical expedients” which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight and elected the practical expedient pertaining to land easements. The new standard also provides practical expedients for an entity’s ongoing accounting for leases. The Company elected the short-term lease exemption for all leases that qualify, meaning the Company will not recognize ROU assets or lease liabilities for leases with terms shorter than twelve months. The Company also elected the practical expedient to not separate lease and non-lease components for a majority of its asset classes, including real estate and most equipment. The Company measures the ROU assets and liabilities based on the present value of the future minimum lease payments over the lease term at the commencement date. Minimum lease payments include the fixed lease and non-lease components of the agreement, as well as any variable rent payments that depend on an index, initially measured using the index at the lease commencement date. The ROU assets are adjusted for any initial direct costs incurred less any lease incentives received, in addition to payments made on or before the commencement date of the lease. The Company recognizes lease expense for leases on a straight-line basis over the lease term. As the implicit rate is not readily determinable for most of the Company’s lease agreements, the Company uses an estimated incremental borrowing rate to determine the initial present value of lease payments. These discount rates for leases are calculated using the Company’s credit spread adjusted for current market factors and foreign currency rates. The Company also made a policy election to determine its incremental borrowing rate, at the initial application date, using the total lease term and the total minimum rental payments, as the Company believes this rate is more indicative of the implied financing cost. The Company determines if a contract is or contains a lease at inception. The Company has operating and finance leases for service centers, warehouses, showrooms, and machinery and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company enters into lease contracts ranging from 1 to 60 years with a majority of the Company’s lease terms ranging from 1 to 8 years . Some leases include one or more options to renew, with renewal terms that can extend the lease term from 3 to 10 years or more. The exercise of these lease renewal options is at the Company’s sole discretion. An insignificant number of our leases include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Certain of our leases include rental payments that will adjust periodically for inflation or certain adjustments based on step increases. An insignificant number of our leases contain residual value guarantees and none of our agreements contain material restrictive covenants. Variable rent expenses consist primarily of maintenance, property taxes and charges based on usage. We rent or sublease certain real estate to third parties. Our sublease portfolio consists mainly of operating leases. The components of lease costs are as follows: Three Months Ended March 28, 2020 Three Months Ended March 30, 2019 Cost of Goods Sold Selling, General and Administrative Total Cost of Goods Sold Selling, General and Administrative Total Operating lease costs Fixed $ 7,401 24,813 32,214 7,688 24,455 32,143 Short-term 2,641 3,805 6,446 1,439 2,909 4,348 Variable 2,269 8,126 10,395 2,278 5,200 7,478 Sub-leases (97 ) (141 ) (238 ) (84 ) (133 ) (217 ) $ 12,214 36,603 48,817 11,321 32,431 43,752 Three Months Ended March 28, 2020 Three Months Ended March 30, 2019 Depreciation and Amortization Interest Total Depreciation and Amortization Interest Total Finance lease costs Amortization of leased assets $ 1,254 — 1,254 432 — 432 Interest on lease liabilities — 149 149 — 31 31 $ 1,254 149 1,403 432 31 463 Net lease costs $ 50,220 44,215 Supplemental balance sheet information related to leases is as follows: Classification At March 28, 2020 At December 31, 2019 Assets Operating Leases Right of use operating lease assets Right of use operating lease assets $ 331,329 323,003 Finance Leases Property, plant and equipment, gross Property, plant and equipment 36,797 35,271 Accumulated depreciation Accumulated depreciation (6,725 ) (5,664 ) Property, plant and equipment, net Property, plant and equipment, net 30,072 29,607 Total lease assets $ 361,401 352,610 Liabilities Operating Leases Other current Current operating lease liabilities $ 106,673 101,945 Non-current Non-current operating lease liabilities 238,830 228,155 Total operating liabilities 345,503 330,100 Finance Leases Short-term debt Short-term debt and current portion of long-term debt 5,266 4,835 Long-term debt Long-term debt, less current portion 25,611 25,214 Total finance liabilities 30,877 30,049 Total lease liabilities $ 376,380 360,149 Maturities of lease liabilities are as follows: Year ending December 31, Finance Leases Operating Leases Total 2020 (excluding the three months ended March 28, 2020) $ 4,339 89,915 94,254 2021 5,413 98,707 104,120 2022 5,062 71,624 76,686 2023 4,386 43,215 47,601 2024 3,109 26,043 29,152 Thereafter 11,223 42,024 53,247 Total lease payments 33,532 371,528 405,060 Less imputed interest 2,655 26,025 Present value, Total $ 30,877 345,503 The Company had approximately $2,618 of leases that commenced after March 28, 2020 that created rights and obligations to the Company. These leases are not included in the above maturity schedule. For additional information regarding the Company’s Commitments and Contingencies as of December 31, 2019 as disclosed for finance and operating leases, see Note 15 in its 2019 Annual Report filed on Form 10-K. Lease term and discount rate are as follows: At March 28, 2020 At March 30, 2019 Weighted Average Remaining Lease Term Operating Leases 4.44 years 4.16 years Finance Leases 8.08 years 8.89 years Weighted Average Discount Rate Operating Leases 3.2 % 3.3 % Finance Leases 1.4 % 2.1 % Supplemental cash flow information related to leases was as follows: Three Months Ended March 28, March 30, Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 31,343 31,557 Operating cash flows from finance leases 110 31 Financing cash flows from finance leases 1,288 371 Right-of-use assets obtained in exchange for lease obligations: Operating Leases 39,911 22,243 Finance Leases 1,531 — Amortization: Amortization of Right of use operating lease assets (1) 30,189 28,641 (1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Condensed Consolidated Statements of Cash Flows.

Stock-based compensation

Stock-based compensation3 Months Ended
Mar. 28, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Stock-based compensationStock-based compensation The Company recognizes compensation expense for all share-based payments granted based on the grant-date fair value estimated in accordance with the provisions of ASC 718-10. Compensation expense is recognized on a straight-line basis over the options’ or other awards’ estimated lives for fixed awards with ratable vesting provisions. The Company granted 188 restricted stock units ("RSUs") at a weighted average grant-date fair value of $120.94 per unit for the three months ended March 28, 2020 . The Company granted 169 RSUs at a weighted average grant-date fair value of $137.71 per unit for the three months ended March 30, 2019 . The Company recognized stock-based compensation costs related to the issuance of RSUs of $5,041 ( $3,731 net of taxes) and $5,789 ( $4,283 net of taxes) for the three months ended March 28, 2020 and March 30, 2019 , 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 $17,815 as of March 28, 2020 , and will be recognized as expense over a weighted-average period of approximately 2.27 years . The Company did not recognize any stock-based compensation costs related to stock options for the three months ended March 28, 2020 and March 30, 2019 , respectively.

Other expense (income), net

Other expense (income), net3 Months Ended
Mar. 28, 2020
Other Nonoperating Income (Expense) [Abstract]
Other expense (income), netOther expense (income), net Other expense (income), net is as follows: Three Months Ended March 28, March 30, Foreign currency losses (gains), net $ 7,608 (1,110 ) All other, net (1,929 ) (2,626 ) Total other expense (income), net $ 5,679 (3,736 )

Income Taxes

Income Taxes3 Months Ended
Mar. 28, 2020
Income Tax Disclosure [Abstract]
Income TaxesIncome Taxes For the quarter ended March 28, 2020 , the Company recorded income tax expense of $26,668 on earnings before income taxes of $137,133 for an effective tax rate of 19.4% , as compared to an income tax expense of $37,018 on earnings before income taxes of $158,593 , for an effective tax rate of 23.3% for the quarter ended March 30, 2019 . The difference in the effective tax rates for the comparative periods was caused by the geographical dispersion of profits and losses and the inability of the Company to make a reliable estimate of its annual effective tax rate. In accordance with ASC 740-270, Interim Reporting, at the end of each interim period, the Company is required to determine the best estimate of its annual effective tax rate and then apply that rate in providing for income taxes on an interim period. However, in certain circumstances where the Company is unable to make a reliable estimate of the annual effective tax rate, ASC 740-270 allows the actual effective tax rate for the interim period to be used. For the first quarter ended March 28, 2020, the Company calculated its effective rate for the interim period and applied that rate to the interim period results. The Company used this approach because it was unable to reasonably estimate its annual effective rate due to the variability of the rate as a result of small changes in forecasted income, fluctuations in annual pre-tax income and loss between quarters, and the effects of being taxed in multiple tax jurisdictions.

Stockholders' Equity

Stockholders' Equity3 Months Ended
Mar. 28, 2020
Equity [Abstract]
Stockholders' EquityAccumulated other comprehensive income (loss) The changes in accumulated other comprehensive income (loss) by component, for the three months ended March 28, 2020 are as follows: Foreign currency translation adjustments Pensions, net of tax Total Balance as of December 31, 2019 $ (753,108 ) (12,716 ) (765,824 ) Current period other comprehensive income (loss) (322,129 ) 101 (322,028 ) Balance as of March 28, 2020 $ (1,075,237 ) (12,615 ) (1,087,852 ) The following tables reflect the changes in stockholders’ equity for the three months ended March 28, 2020 and March 30, 2019 (in thousands). Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Noncontrolling Interest Total Stockholders’ Equity Shares Amount Shares Amount January 1, 2020 78,980 $ 790 $ 1,868,250 $ 7,232,337 $ (765,824 ) (7,348 ) $ (215,712 ) $ 6,607 $ 8,126,448 Shares issued under employee and director stock plans 130 1 (3,288 ) — — 2 59 — (3,228 ) Stock-based compensation expense — — 5,041 — — — — — 5,041 Repurchases of common stock (579 ) (6 ) — (68,635 ) — — — — (68,641 ) Noncontrolling earnings — — — — — — — (49 ) (49 ) Currency translation adjustment on non-controlling interests — — — — — — — (283 ) (283 ) Currency translation adjustment — — — — (322,129 ) — — — (322,129 ) Prior pension and post-retirement benefit service cost and actuarial gain / loss — — — — 101 — — — 101 CECL Adoption — — — (131 ) — — — — (131 ) Net income — — — 110,514 — — — — 110,514 March 28, 2020 78,531 $ 785 $ 1,870,003 $ 7,274,085 $ (1,087,852 ) (7,346 ) $ (215,653 ) $ 6,275 $ 7,847,643 Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Noncontrolling Interest Total Stockholders’ Equity Shares Amount Shares Amount January 1, 2019 79,656 $ 797 $ 1,852,173 $ 6,588,197 $ (791,608 ) (7,349 ) $ (215,745 ) $ 6,245 $ 7,440,059 Shares issued under employee and director stock plans 115 1 (4,478 ) — — — 29 — (4,448 ) Stock-based compensation expense — — 5,789 — — — — — 5,789 Noncontrolling earnings — — — — — — — (10 ) (10 ) Currency translation adjustment on non-controlling interests — — — — — — — 9 9 Currency translation adjustment — — — — 13,953 — — — 13,953 Prior pension and post-retirement benefit service cost and actuarial gain / loss — — — — 108 — — — 108 Net income — — — 121,585 — — — — 121,585 March 30, 2019 79,771 $ 798 $ 1,853,484 $ 6,709,782 $ (777,547 ) (7,349 ) $ (215,716 ) $ 6,244 $ 7,577,045

Earnings per share

Earnings per share3 Months Ended
Mar. 28, 2020
Earnings Per Share [Abstract]
Earnings per shareEarnings 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 available to common stockholders and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows: Three Months Ended March 28, March 30, Net earnings attributable to Mohawk Industries, Inc. $ 110,514 121,585 Weighted-average common shares outstanding-basic and diluted: Weighted-average common shares outstanding—basic 71,547 72,342 Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net 230 304 Weighted-average common shares outstanding-diluted 71,777 72,646 Earnings per share attributable to Mohawk Industries, Inc. Basic $ 1.54 1.68 Diluted $ 1.54 1.67

Segment reporting

Segment reporting3 Months Ended
Mar. 28, 2020
Segment Reporting [Abstract]
Segment reportingSegment reporting The Company has three reporting segments: the Global Ceramic segment, the Flooring NA segment and the Flooring ROW segment. The Global Ceramic segment designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone, quartz, porcelain slab 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, hardwood, laminate and resilient (includes sheet vinyl and LVT), which it distributes through its network of regional distribution centers and satellite warehouses using company-operated trucks, common carrier or rail transportation. The segment’s product lines are sold through various selling channels, including independent floor covering retailers, 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, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard (“MDF”), chipboards, other wood products, sheet vinyl and LVT, which it distributes primarily in Europe, Australia, New Zealand and Russia through various selling channels, which include retailers, independent distributors and home centers. The accounting policies for each operating segment are consistent with the Company’s policies for the consolidated financial statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income. Segment information is as follows: Three Months Ended March 28, March 30, Net sales: Global Ceramic segment $ 848,450 898,352 Flooring NA segment 848,330 921,980 Flooring ROW segment 588,983 622,158 Intersegment sales — — Total $ 2,285,763 2,442,490 Operating income (loss): Global Ceramic segment $ 49,089 84,335 Flooring NA segment 33,682 649 Flooring ROW segment 77,227 90,431 Corporate and intersegment eliminations (8,515 ) (10,085 ) Total $ 151,483 165,330 At March 28, 2020 At December 31, 2019 Assets: Global Ceramic segment $ 5,237,631 5,419,896 Flooring NA segment 3,841,815 3,823,654 Flooring ROW segment 3,810,348 3,925,246 Corporate and intersegment eliminations 367,148 217,884 Total $ 13,256,942 13,386,680

Commitments and contingencies

Commitments and contingencies3 Months Ended
Mar. 28, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingenciesCommitments and contingencies The Company is involved in litigation from time to time in the regular course of its business. Except as noted below, there are no material legal proceedings pending or known by the Company to be contemplated to which the Company is a party or to which any of its property is subject. 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. 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 has filed motions to dismiss in both of these cases. The Company denies all liability in these matters and intends to defend them vigorously. Putative Securities Class Action The Company and certain of its present and former 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 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. The Company believes the claims are frivolous and intends to defend them vigorously. 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 pending the earlier of either the close of fact discovery or the deadline to appeal the dismissal of the related Putative Securities Class Action pending in the United States District Court for the Northern District of Georgia. The stay may be lifted according to the terms set forth in the Court’s Order to Stay Litigation. The Company believes the claims are frivolous and intends to defend them vigorously. Belgian Tax Matter Between 2012 and 2014, the Company received assessments from the Belgian tax authority for the calendar years 2005 through 2010 in the amounts of € 46,135 , €38,817 , €39,635 , € 30,131 , € 35,567 and €43,117 respectively, including penalties, but excluding interest. The Belgian tax authority denied the Company’s formal protests against these assessments and the Company brought all six years before the Court of First Appeal in Bruges. The Court of First Appeal in Bruges ruled in favor of the Company on January 27, 2016, with respect to the calendar years ending December 31, 2005 and December 31, 2009; and on June 13, 2018, the Court of First Appeal in Bruges ruled in favor of the Company with respect to the calendar years ending December 31, 2006, December 31, 2007, December 31, 2008 and December 31, 2010. The Belgian tax authority has lodged its Notification of Appeal for all six years with the Ghent Court of Appeal. On September 17, 2019, the Company pled its case to the Ghent Court of Special (Tax) Appeals and on October 1, 2019, the Court ruled in favor of the Company, re-confirming the rulings of the Court of First Appeals in Bruges with respect to the calendar years ending December 31, 2005 and December 31, 2009. On March 12, 2020, the Belgian tax authority filed another revised assessment for the calendar year ending December 31, 2009, with the Ghent Court. In March 2019, the Company received assessments from the Belgian tax authority for tax years 2011 through 2017 in the amount of € 40,617 , € 39,732 , € 11,358 , € 23,919 , € 30,610 , € 93,145 and € 79,933 respectively, including penalties, but excluding interest. The Company intends to file formal protests based on these assessments in a timely manner. The assessments are largely based on the same facts underlying the positive rulings, which the Belgian tax authority may appeal. In January 2020, the Belgian tax authority canceled the tax assessments for the years ending December 31, 2011 through 2017, inclusively. On March 10, 2020, a new notice of change was received for the year ending December 31, 2016 against which the Company has filed a protest on April 10, 2020. The Company continues to disagree with the views of the Belgian tax authority on this matter and will persist in its vigorous defense. Nevertheless, on May 24, 2016, the tax collector representing the Belgian tax authorities imposed a lien on the Company’s properties in Wielsbeke (Ooigemstraat and Breestraat), Oostrozebeke (Ingelmunstersteenweg) and Desselgem (Waregemstraat) included in the Flooring ROW segment. The purpose of the lien is to provide security for payment should the Belgian tax authority prevail on its appeal. The lien does not interfere with the Company’s operations at these properties. 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 we are unable to estimate the amount or range of loss, if any, in excess of amounts accrued. The Company does not believe that the ultimate outcome of these actions will have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, cash flows or liquidity in a given quarter or year.

Debt

Debt3 Months Ended
Mar. 28, 2020
Debt Disclosure [Abstract]
DebtDebt 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 amendment 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, 2, 3 or 6 month periods, as selected by the Company, plus an applicable margin ranging between 1.00% and 1.75% ( 1.125% as of March 28, 2020 ), 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% ( 0.125% as of March 28, 2020 ). The Company also pays a commitment fee to the lenders under the Senior Credit Facility on the average amount by which the aggregate commitments of the lenders exceed utilization of the Senior Credit Facility ranging from 0.09% to 0.20% per annum ( 0.11% as of March 28, 2020 ). The applicable margins and the commitment fee are determined based on whichever of the Company’s Consolidated Net Leverage Ratio or its senior unsecured debt rating (or if not available, corporate family rating) results in the lower applicable margins and commitment fee (with applicable margins and the commitment fee increasing as that ratio increases or those ratings decline, as applicable). The obligations of the Company and its subsidiaries in respect of the 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 Company is also required to maintain a Consolidated Interest Coverage Ratio of at least 3.0 to 1.0 and a Consolidated Net Leverage Ratio of no more than 3.75 to 1.0, each as of the last day of any fiscal quarter. The 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. However, at the Company’s election upon the occurrence of certain material acquisitions, a step up of the maximum permitted Consolidated Net Leverage Ratio to 4.00 to 1.00 for the four (4) fiscal quarter period of the Company commencing with the fiscal quarter during which said acquisition(s) closes. 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 March 28, 2020 , amounts utilized under the Senior Credit Facility included $565,245 of borrowings and $22,787 of standby letters of credit related to various insurance contracts and foreign vendor commitments. The outstanding borrowings of $305,900 under the Company’s U.S. and European commercial paper programs as of March 28, 2020 reduce the availability of the Senior Credit Facility. Including commercial paper borrowings, the Company has utilized $893,932 under the Senior Credit Facility resulting in a total of $906,068 available as of March 28, 2020 . 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 March 28, 2020 , there was $60,300 outstanding under the U.S. commercial paper program, and the euro equivalent of $245,600 under the European program. The weighted-average interest rate and maturity period for the U.S. program were 1.70% and 29 days, respectively. The weighted-average interest rate and maturity period for the European program were (0.26)% and 23.4 days, respectively. The COVID-19 crisis has recently impacted the commercial paper markets, both in the US and Europe, resulting in volatility in relation to supply and pricing. As stated previously, the Company’s commercial paper programs are backstopped by the Senior Credit Facility, which allows the Company to mitigate market disruptions using direct borrowings from the Senior Credit Facility. Senior Notes On September 4, 2019 , Mohawk Capital Finance S.A. (“Mohawk Finance”), an indirect wholly-owned finance subsidiary of the Company, completed the issuance and sale of €300,000 aggregate principal amount of its Floating Rate Notes due September 4, 2021 (“2021 Floating Rate Notes”). The 2021 Floating Rate 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 2021 Floating Rate Notes are fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. These notes bear interest at a rate per annum, reset quarterly, equal to three-month EURIBOR plus 0.2% (but in no event shall the interest rate be less than zero). Interest on the 2021 Floating Rate Notes is payable quarterly on December 4 , March 4 , June 4 , and September 4 of each year. Mohawk Finance received an issuance premium of €744 and paid financing cost of $754 in connection with the 2021 Floating Rate Notes. The issuance premium and financing costs have been deferred and are being amortized over the term of the 2021 Floating Rate Notes. On May 18, 2018 , Mohawk Finance completed the issuance and sale of €300,000 aggregate principal amount of its Floating Rate Notes due May 18, 2020 (“2020 Floating Rate Notes”). The 2020 Floating Rate 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 2020 Floating Rate Notes are fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. These notes bear interest at a rate per annum, reset quarterly, equal to three-month EURIBOR plus 0.3% (but in no event shall the interest rate be less than zero). Interest on the 2020 Floating Rate Notes is payable quarterly on August 18 , November 18 , February 18 , and May 18 of each year. Mohawk Finance paid financing costs of $890 in connection with the 2020 Floating Rate Notes. These costs were deferred and are being amortized over the term of the 2020 Floating Rate Notes. On September 11, 2017 , Mohawk Finance completed the issuance and sale of €300,000 aggregate principal amount of its Floating Rate Notes due September 11, 2019 (“2019 Floating Rate Notes”). The 2019 Floating Rate Notes are senior unsecured obligations of Mohawk Finance and ranked pari passu with all of Mohawk Finance’s other existing and future senior unsecured indebtedness. The 2019 Floating Rate Notes were fully, unconditionally and irrevocably guaranteed by the Company on a senior unsecured basis. These notes bore interest at a rate per annum, reset quarterly, equal to three-month EURIBOR plus 0.3% (but in no event would the interest rate be less than zero). Interest on the 2019 Floating Rate Notes was payable quarterly on September 11 , December 11 , March 11 , and June 11 of each year. Mohawk Finance paid financing costs of $911 in connection with the 2019 Floating Rate Notes. These costs were deferred and amortized over the term of the 2019 Floating Rate Notes. On September 11, 2019, the Company paid the remaining €300,000 outstanding principal of the 2019 Floating Rate Notes utilizing cash on hand and borrowings under its European commercial paper program. On June 9, 2015, the Company issued €500,000 aggregate principal amount of 2.00% Senior Notes (“ 2.00% Senior Notes”) due January 14, 2022. The 2.00% 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 2.00% Senior Notes is payable annually in cash on January 14 of each year, commencing on January 14, 2016. The Company paid financing costs of $4,218 in connection with the 2.00% Senior Notes. These costs were deferred and are being amortized over the term of the 2.00% Senior Notes. On January 31, 2013, the Company issued $600,000 aggregate principal amount of 3.85% Senior Notes (“ 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. Term Loan Subsequent Event On April 7, 2020, the Company entered into a credit agreement that provides for a $500,000 delayed draw term loan facility (the “Term Loan Facility”). On April 15, 2020, the Company borrowed the full amount on the Term Loan Facility, the proceeds of which may be used for funding working capital and general corporate purposes of the Company. The principal amount of the Term Loan Facility must be repaid in a single installment on April 6, 2021. The Company may prepay all or a portion of the Term Loan Facility from time to time, plus accrued and unpaid interest. The obligations of the Company and its subsidiaries in respect of the Term Loan Facility are unsecured. The Term Loan Facility is subject to the same affirmative and negative covenants that are applicable to the Senior Credit Facility. The fair values and carrying values of our debt instruments are detailed as follows: At March 28, 2020 At December 31, 2019 Fair Value Carrying Value Fair Value Carrying Value 3.85% senior notes, payable February 1, 2023; interest payable semiannually $ 610,050 600,000 627,144 600,000 2.00% senior notes, payable January 14, 2022; interest payable annually 545,561 556,917 580,235 560,099 Floating Rate Notes, payable May 18, 2020, interest payable quarterly 334,173 334,150 336,066 336,059 Floating rate notes, payable September 04, 2021, interest payable quarterly 332,733 334,150 335,965 336,059 U.S. commercial paper 60,300 60,300 317,000 317,000 European commercial paper 245,600 245,600 376,946 376,946 Five-year senior secured credit facility, due October 18, 2024 565,245 565,245 16,803 16,803 Finance leases and other 30,877 30,877 30,049 30,049 Unamortized debt issuance costs (2,714 ) (2,714 ) (3,129 ) (3,129 ) Total debt 2,721,825 2,724,525 2,617,079 2,569,886 Less current portion of long-term debt and commercial paper 1,210,525 1,210,525 1,051,498 1,051,498 Long-term debt, less current portion $ 1,511,300 1,514,000 1,565,581 1,518,388 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.

General (Policies)

General (Policies)3 Months Ended
Mar. 28, 2020
Accounting Policies [Abstract]
Interim ReportingInterim 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 2019
Hedges of Net Investments in Non-U.S. OperationsHedges of Net Investments in Non-U.S. Operations
Recent Accounting PronouncementsRecent Accounting Pronouncements - Recently Adopted In June 2016, the FASB issues ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments , which was further amended by additional accounting standards updates issued by the FASB. The new standard replaced the incurred loss impairment methodology for recognizing credit losses with a new methodology that requires recognition of lifetime expected credit losses when a financial asset is originated or purchased, even if the risk of loss is remote. The new methodology (referred to as the current expected credit losses model, or "CECL") applies to most financial assets measured at amortized cost, including trade receivables, and requires consideration of a broader range of reasonable and supportable information to estimate expected credit losses. The Company adopted the new standard on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements. In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and other (Topic 350): Simplifying the test for goodwill impairment. The amendments remove the second step of the current goodwill impairment test. An entity will apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit's carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This guidance is effective for impairment tests in fiscal years beginning after December 15, 2019. The effect of adopting the new standard was not material. Recent Accounting Pronouncements - Effective in Future Years 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 amendment is effective commencing in 2021 with early adoption permitted. The Company is currently evaluating the impact that the adoption of this accounting standards update will have on its consolidated financial statements.

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)3 Months Ended
Mar. 28, 2020
Revenue from Contract with Customer [Abstract]
Summary of segment revenues disaggregated by geography and product lineThe 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 March 28, 2020 and March 30, 2019 : March 28, 2020 Global Ceramic segment Flooring NA segment Flooring ROW segment Total Geographical Markets United States $ 505,105 810,448 707 1,316,260 Europe 169,536 2,636 440,495 612,667 Russia 59,807 — 26,326 86,133 Other 114,002 35,246 121,455 270,703 $ 848,450 848,330 588,983 2,285,763 Product Categories Ceramic & Stone $ 848,450 10,365 — 858,815 Carpet & Resilient — 683,713 191,295 875,008 Laminate & Wood — 154,252 198,810 353,062 Other (1) — — 198,878 198,878 $ 848,450 848,330 588,983 2,285,763 March 30, 2019 Global Ceramic segment Flooring NA segment Flooring ROW segment Total Geographical Markets United States $ 541,826 883,242 68 1,425,136 Europe 179,310 1,837 469,916 651,063 Russia 51,915 29 23,615 75,559 Other 125,301 36,872 128,559 290,732 $ 898,352 921,980 622,158 2,442,490 Product Categories Ceramic & Stone $ 898,352 14,443 — 912,795 Carpet & Resilient — 735,424 190,929 926,353 Laminate & Wood — 172,113 210,201 382,314 Other (1) — — 221,028 221,028 $ 898,352 921,980 622,158 2,442,490 (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
Mar. 28, 2020
Restructuring and Related Activities [Abstract]
Schedule of restructuring reserve by type of costRestructuring, acquisition transaction and integration-related costs consisted of the following during the three months ended March 28, 2020 and March 30, 2019 : Three Months Ended March 28, 2020 March 30, 2019 Cost of sales Restructuring costs (1) $ 11,172 31,535 Acquisition integration-related costs 610 1,067 Restructuring and acquisition integration-related costs $ 11,782 32,602 Selling, general and administrative expenses Restructuring costs (1) $ 537 1,402 Acquisition transaction-related costs (216 ) 280 Acquisition integration-related costs 575 1,419 Restructuring, acquisition transaction and integration-related costs $ 896 3,101 (1) The restructuring costs for 2020 and 2019 primarily relate to the Company’s actions taken to lower its cost structure and improve efficiencies of manufacturing and distribution operations as well as actions related to the Company’s recent acquisitions.
Schedule of restructuring and related costsThe restructuring activity for the three months ended March 28, 2020 is as follows: Lease impairments Asset write-downs Severance Other restructuring costs Total Balance as of December 31, 2019 $ 21 — 4,122 116 4,259 Provision - Flooring NA segment — 2,833 — 5,936 8,769 Provision - Flooring ROW segment — 1,605 281 993 2,879 Provision - Corporate — — 61 — 61 Cash payments (8 ) — (2,010 ) (3,757 ) (5,775 ) Non-cash items — (4,438 ) (144 ) (3,140 ) (7,722 ) Balance as of March 28, 2020 $ 13 — 2,310 148 2,471

Receivables, net (Tables)

Receivables, net (Tables)3 Months Ended
Mar. 28, 2020
Receivables [Abstract]
Schedule of net components of receivablesReceivables, net are as follows: At March 28, 2020 At December 31, 2019 Customers, trade $ 1,611,525 1,491,592 Income tax receivable 9,098 8,428 Other 88,872 88,520 1,709,495 1,588,540 Less: allowance for discounts, claims and doubtful accounts (1) 64,745 61,921 Receivables, net $ 1,644,750 1,526,619 (1) The Company adopted the new standard, ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, on January 1, 2020 using a modified retrospective transition approach, with the cumulative impact being immaterial to the financial statements.

Inventories (Tables)

Inventories (Tables)3 Months Ended
Mar. 28, 2020
Inventory Disclosure [Abstract]
Schedule of net components of inventoriesThe components of inventories are as follows: At March 28, 2020 At December 31, 2019 Finished goods $ 1,560,769 1,610,742 Work in process 136,581 144,639 Raw materials 498,084 526,947 Total inventories $ 2,195,434 2,282,328

Goodwill and intangible assets

Goodwill and intangible assets (Tables)3 Months Ended
Mar. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwillThe 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, 2019 Goodwill $ 1,583,576 874,198 1,439,678 3,897,452 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) 1,051,646 531,144 987,237 2,570,027 Goodwill recognized during the period — — (9,642 ) (9,642 ) Currency translation during the period (23,930 ) — (16,476 ) (40,406 ) Balance as of March 28, 2020 Goodwill 1,559,646 874,198 1,413,560 3,847,404 Accumulated impairment losses (531,930 ) (343,054 ) (452,441 ) (1,327,425 ) $ 1,027,716 531,144 961,119 2,519,979
Schedule of indefinite life assets not subject to amortizationIntangible assets not subject to amortization: Tradenames Balance as of December 31, 2019 $ 702,732 Currency translation during the period (23,829 ) Balance as of March 28, 2020 $ 678,903
Schedule of intangible assets subject to amortizationIntangible assets subject to amortization: Gross carrying amounts: Customer Patents Other Total Balance as of December 31, 2019 $ 645,206 249,100 6,631 900,937 Intangible assets recognized during the period 12,789 — — 12,789 Currency translation during the period (9,387 ) (1,471 ) (204 ) (11,062 ) Balance as of March 28, 2020 $ 648,608 247,629 6,427 902,664 Accumulated amortization: Customer Patents Other Total Balance as of December 31, 2019 $ 426,765 246,872 1,153 674,790 Amortization during the period 6,324 510 42 6,876 Currency translation during the period (2,670 ) (1,445 ) (7 ) (4,122 ) Balance as of March 28, 2020 $ 430,419 245,937 1,188 677,544 Intangible assets subject to amortization, net $ 218,189 1,692 5,239 225,120
Schedule of intangible assets amortization expense Three Months Ended March 28, March 30, Amortization expense $ 6,876 6,729

Accounts payable and accrued _2

Accounts payable and accrued expenses (Tables)3 Months Ended
Mar. 28, 2020
Payables and Accruals [Abstract]
Components of accounts payable and accrued expensesAccounts payable and accrued expenses are as follows: At March 28, 2020 At December 31, 2019 Outstanding checks in excess of cash $ 6,981 9,924 Accounts payable, trade 899,178 824,956 Accrued expenses 409,445 461,035 Product warranties 51,983 49,184 Accrued interest 6,856 21,050 Accrued compensation and benefits 179,642 192,991 Total accounts payable and accrued expenses $ 1,554,085 1,559,140

Accumulated other comprehensi_2

Accumulated other comprehensive income (loss) (Tables)3 Months Ended
Mar. 28, 2020
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)The changes in accumulated other comprehensive income (loss) by component, for the three months ended March 28, 2020 are as follows: Foreign currency translation adjustments Pensions, net of tax Total Balance as of December 31, 2019 $ (753,108 ) (12,716 ) (765,824 ) Current period other comprehensive income (loss) (322,129 ) 101 (322,028 ) Balance as of March 28, 2020 $ (1,075,237 ) (12,615 ) (1,087,852 )

Leases (Tables)

Leases (Tables)3 Months Ended
Mar. 28, 2020
Leases [Abstract]
Schedule of components of lease expense, lease term, and discount rateLease term and discount rate are as follows: At March 28, 2020 At March 30, 2019 Weighted Average Remaining Lease Term Operating Leases 4.44 years 4.16 years Finance Leases 8.08 years 8.89 years Weighted Average Discount Rate Operating Leases 3.2 % 3.3 % Finance Leases 1.4 % 2.1 % The components of lease costs are as follows: Three Months Ended March 28, 2020 Three Months Ended March 30, 2019 Cost of Goods Sold Selling, General and Administrative Total Cost of Goods Sold Selling, General and Administrative Total Operating lease costs Fixed $ 7,401 24,813 32,214 7,688 24,455 32,143 Short-term 2,641 3,805 6,446 1,439 2,909 4,348 Variable 2,269 8,126 10,395 2,278 5,200 7,478 Sub-leases (97 ) (141 ) (238 ) (84 ) (133 ) (217 ) $ 12,214 36,603 48,817 11,321 32,431 43,752 Three Months Ended March 28, 2020 Three Months Ended March 30, 2019 Depreciation and Amortization Interest Total Depreciation and Amortization Interest Total Finance lease costs Amortization of leased assets $ 1,254 — 1,254 432 — 432 Interest on lease liabilities — 149 149 — 31 31 $ 1,254 149 1,403 432 31 463 Net lease costs $ 50,220 44,215
Schedule of supplemental balance sheet informationSupplemental balance sheet information related to leases is as follows: Classification At March 28, 2020 At December 31, 2019 Assets Operating Leases Right of use operating lease assets Right of use operating lease assets $ 331,329 323,003 Finance Leases Property, plant and equipment, gross Property, plant and equipment 36,797 35,271 Accumulated depreciation Accumulated depreciation (6,725 ) (5,664 ) Property, plant and equipment, net Property, plant and equipment, net 30,072 29,607 Total lease assets $ 361,401 352,610 Liabilities Operating Leases Other current Current operating lease liabilities $ 106,673 101,945 Non-current Non-current operating lease liabilities 238,830 228,155 Total operating liabilities 345,503 330,100 Finance Leases Short-term debt Short-term debt and current portion of long-term debt 5,266 4,835 Long-term debt Long-term debt, less current portion 25,611 25,214 Total finance liabilities 30,877 30,049 Total lease liabilities $ 376,380 360,149
Schedule of finance lease maturitiesMaturities of lease liabilities are as follows: Year ending December 31, Finance Leases Operating Leases Total 2020 (excluding the three months ended March 28, 2020) $ 4,339 89,915 94,254 2021 5,413 98,707 104,120 2022 5,062 71,624 76,686 2023 4,386 43,215 47,601 2024 3,109 26,043 29,152 Thereafter 11,223 42,024 53,247 Total lease payments 33,532 371,528 405,060 Less imputed interest 2,655 26,025 Present value, Total $ 30,877 345,503
Schedule of operating lease maturitiesMaturities of lease liabilities are as follows: Year ending December 31, Finance Leases Operating Leases Total 2020 (excluding the three months ended March 28, 2020) $ 4,339 89,915 94,254 2021 5,413 98,707 104,120 2022 5,062 71,624 76,686 2023 4,386 43,215 47,601 2024 3,109 26,043 29,152 Thereafter 11,223 42,024 53,247 Total lease payments 33,532 371,528 405,060 Less imputed interest 2,655 26,025 Present value, Total $ 30,877 345,503
Schedule of supplemental cash flow informationSupplemental cash flow information related to leases was as follows: Three Months Ended March 28, March 30, Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 31,343 31,557 Operating cash flows from finance leases 110 31 Financing cash flows from finance leases 1,288 371 Right-of-use assets obtained in exchange for lease obligations: Operating Leases 39,911 22,243 Finance Leases 1,531 — Amortization: Amortization of Right of use operating lease assets (1) 30,189 28,641 (1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Condensed Consolidated Statements of Cash Flows.

Other expense (income), net (Ta

Other expense (income), net (Tables)3 Months Ended
Mar. 28, 2020
Other Nonoperating Income (Expense) [Abstract]
Summary of other expense (income), netOther expense (income), net is as follows: Three Months Ended March 28, March 30, Foreign currency losses (gains), net $ 7,608 (1,110 ) All other, net (1,929 ) (2,626 ) Total other expense (income), net $ 5,679 (3,736 )

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)3 Months Ended
Mar. 28, 2020
Equity [Abstract]
Schedule of changes in stockholders' equityThe following tables reflect the changes in stockholders’ equity for the three months ended March 28, 2020 and March 30, 2019 (in thousands). Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Noncontrolling Interest Total Stockholders’ Equity Shares Amount Shares Amount January 1, 2020 78,980 $ 790 $ 1,868,250 $ 7,232,337 $ (765,824 ) (7,348 ) $ (215,712 ) $ 6,607 $ 8,126,448 Shares issued under employee and director stock plans 130 1 (3,288 ) — — 2 59 — (3,228 ) Stock-based compensation expense — — 5,041 — — — — — 5,041 Repurchases of common stock (579 ) (6 ) — (68,635 ) — — — — (68,641 ) Noncontrolling earnings — — — — — — — (49 ) (49 ) Currency translation adjustment on non-controlling interests — — — — — — — (283 ) (283 ) Currency translation adjustment — — — — (322,129 ) — — — (322,129 ) Prior pension and post-retirement benefit service cost and actuarial gain / loss — — — — 101 — — — 101 CECL Adoption — — — (131 ) — — — — (131 ) Net income — — — 110,514 — — — — 110,514 March 28, 2020 78,531 $ 785 $ 1,870,003 $ 7,274,085 $ (1,087,852 ) (7,346 ) $ (215,653 ) $ 6,275 $ 7,847,643 Total Stockholders’ Equity Common Stock Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Noncontrolling Interest Total Stockholders’ Equity Shares Amount Shares Amount January 1, 2019 79,656 $ 797 $ 1,852,173 $ 6,588,197 $ (791,608 ) (7,349 ) $ (215,745 ) $ 6,245 $ 7,440,059 Shares issued under employee and director stock plans 115 1 (4,478 ) — — — 29 — (4,448 ) Stock-based compensation expense — — 5,789 — — — — — 5,789 Noncontrolling earnings — — — — — — — (10 ) (10 ) Currency translation adjustment on non-controlling interests — — — — — — — 9 9 Currency translation adjustment — — — — 13,953 — — — 13,953 Prior pension and post-retirement benefit service cost and actuarial gain / loss — — — — 108 — — — 108 Net income — — — 121,585 — — — — 121,585 March 30, 2019 79,771 $ 798 $ 1,853,484 $ 6,709,782 $ (777,547 ) (7,349 ) $ (215,716 ) $ 6,244 $ 7,577,045

Earnings per share (Tables)

Earnings per share (Tables)3 Months Ended
Mar. 28, 2020
Earnings Per Share [Abstract]
Schedule of earnings per shareA reconciliation of net earnings available to common stockholders and weighted-average common shares outstanding for purposes of calculating basic and diluted earnings per share is as follows: Three Months Ended March 28, March 30, Net earnings attributable to Mohawk Industries, Inc. $ 110,514 121,585 Weighted-average common shares outstanding-basic and diluted: Weighted-average common shares outstanding—basic 71,547 72,342 Add weighted-average dilutive potential common shares—options to purchase common shares and RSUs, net 230 304 Weighted-average common shares outstanding-diluted 71,777 72,646 Earnings per share attributable to Mohawk Industries, Inc. Basic $ 1.54 1.68 Diluted $ 1.54 1.67

Segment reporting (Tables)

Segment reporting (Tables)3 Months Ended
Mar. 28, 2020
Segment Reporting [Abstract]
Summary of segment informationSegment information is as follows: Three Months Ended March 28, March 30, Net sales: Global Ceramic segment $ 848,450 898,352 Flooring NA segment 848,330 921,980 Flooring ROW segment 588,983 622,158 Intersegment sales — — Total $ 2,285,763 2,442,490 Operating income (loss): Global Ceramic segment $ 49,089 84,335 Flooring NA segment 33,682 649 Flooring ROW segment 77,227 90,431 Corporate and intersegment eliminations (8,515 ) (10,085 ) Total $ 151,483 165,330 At March 28, 2020 At December 31, 2019 Assets: Global Ceramic segment $ 5,237,631 5,419,896 Flooring NA segment 3,841,815 3,823,654 Flooring ROW segment 3,810,348 3,925,246 Corporate and intersegment eliminations 367,148 217,884 Total $ 13,256,942 13,386,680

Debt (Tables)

Debt (Tables)3 Months Ended
Mar. 28, 2020
Debt Disclosure [Abstract]
Schedule of carrying values and estimated fair values of debt instrumentsThe fair values and carrying values of our debt instruments are detailed as follows: At March 28, 2020 At December 31, 2019 Fair Value Carrying Value Fair Value Carrying Value 3.85% senior notes, payable February 1, 2023; interest payable semiannually $ 610,050 600,000 627,144 600,000 2.00% senior notes, payable January 14, 2022; interest payable annually 545,561 556,917 580,235 560,099 Floating Rate Notes, payable May 18, 2020, interest payable quarterly 334,173 334,150 336,066 336,059 Floating rate notes, payable September 04, 2021, interest payable quarterly 332,733 334,150 335,965 336,059 U.S. commercial paper 60,300 60,300 317,000 317,000 European commercial paper 245,600 245,600 376,946 376,946 Five-year senior secured credit facility, due October 18, 2024 565,245 565,245 16,803 16,803 Finance leases and other 30,877 30,877 30,049 30,049 Unamortized debt issuance costs (2,714 ) (2,714 ) (3,129 ) (3,129 ) Total debt 2,721,825 2,724,525 2,617,079 2,569,886 Less current portion of long-term debt and commercial paper 1,210,525 1,210,525 1,051,498 1,051,498 Long-term debt, less current portion $ 1,511,300 1,514,000 1,565,581 1,518,388

General (Details)

General (Details) - 2.00% Senior Notes due January 14, 2022 $ in Thousands3 Months Ended
Mar. 28, 2020USD ($)Mar. 30, 2019USD ($)Jun. 09, 2015EUR (€)
Debt Instrument [Line Items]
Aggregate principal amount of debts | € € 500,000,000
Interest rate percentage2.00%2.00%
Change in debt value $ 3,182 $ 11,233
Change in debt value, net of taxes $ 2,417 $ 8,532

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in ThousandsNov. 16, 2018USD ($)Jul. 02, 2018USD ($)Mar. 31, 2018USD ($)businessDec. 31, 2019USD ($)businessMar. 28, 2020USD ($)
Business Acquisition [Line Items]
Goodwill $ 2,570,027 $ 2,519,979
Distribution Companies in the Netherlands and Czech Republic
Business Acquisition [Line Items]
Purchase agreement price76,237
Goodwill38,366
Intangible assets subject to amortization $ 12,789
Eliane
Business Acquisition [Line Items]
Purchase agreement price $ 148,302
Goodwill33,019
Indebtedness acquired99,037
Intangible assets subject to amortization5,818
Godfrey Hirst Group
Business Acquisition [Line Items]
Purchase agreement price $ 400,894
Goodwill88,655
Intangible assets subject to amortization43,635
Tradenames | Eliane
Business Acquisition [Line Items]
Indefinite-lived tradename intangible asset $ 32,238
Tradenames | Godfrey Hirst Group
Business Acquisition [Line Items]
Indefinite-lived tradename intangible asset $ 58,671
Flooring ROW segment
Business Acquisition [Line Items]
Number of acquisitions | business3 2
Purchase agreement price $ 24,610
Goodwill12,874 $ 987,237 $ 961,119
Intangible assets subject to amortization $ 7

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Narrative (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract liability $ 29,268 $ 34,959
Revenue recognized related to contract liabilities0
Capitalized contract cost66,965 $ 69,039
Amortization of capitalized contract costs $ 15,540
Capitalized contract costs, amortization period1 year

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of Disaggregated Revenue (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales $ 2,285,763 $ 2,442,490
Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales858,815 912,795
Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales875,008 926,353
Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales353,062 382,314
Other
Disaggregation of Revenue [Line Items]
Net sales198,878 221,028
United States
Disaggregation of Revenue [Line Items]
Net sales1,316,260 1,425,136
Europe
Disaggregation of Revenue [Line Items]
Net sales612,667 651,063
Russia
Disaggregation of Revenue [Line Items]
Net sales86,133 75,559
Other
Disaggregation of Revenue [Line Items]
Net sales270,703 290,732
Global Ceramic segment
Disaggregation of Revenue [Line Items]
Net sales848,450 898,352
Flooring NA segment
Disaggregation of Revenue [Line Items]
Net sales848,330 921,980
Flooring ROW segment
Disaggregation of Revenue [Line Items]
Net sales588,983 622,158
Operating segments | Global Ceramic segment
Disaggregation of Revenue [Line Items]
Net sales848,450 898,352
Operating segments | Global Ceramic segment | Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales848,450 898,352
Operating segments | Global Ceramic segment | Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales0 0
Operating segments | Global Ceramic segment | Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales0 0
Operating segments | Global Ceramic segment | Other
Disaggregation of Revenue [Line Items]
Net sales0 0
Operating segments | Global Ceramic segment | United States
Disaggregation of Revenue [Line Items]
Net sales505,105 541,826
Operating segments | Global Ceramic segment | Europe
Disaggregation of Revenue [Line Items]
Net sales169,536 179,310
Operating segments | Global Ceramic segment | Russia
Disaggregation of Revenue [Line Items]
Net sales59,807 51,915
Operating segments | Global Ceramic segment | Other
Disaggregation of Revenue [Line Items]
Net sales114,002 125,301
Operating segments | Flooring NA segment
Disaggregation of Revenue [Line Items]
Net sales848,330 921,980
Operating segments | Flooring NA segment | Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales10,365 14,443
Operating segments | Flooring NA segment | Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales683,713 735,424
Operating segments | Flooring NA segment | Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales154,252 172,113
Operating segments | Flooring NA segment | Other
Disaggregation of Revenue [Line Items]
Net sales0 0
Operating segments | Flooring NA segment | United States
Disaggregation of Revenue [Line Items]
Net sales810,448 883,242
Operating segments | Flooring NA segment | Europe
Disaggregation of Revenue [Line Items]
Net sales2,636 1,837
Operating segments | Flooring NA segment | Russia
Disaggregation of Revenue [Line Items]
Net sales0 29
Operating segments | Flooring NA segment | Other
Disaggregation of Revenue [Line Items]
Net sales35,246 36,872
Operating segments | Flooring ROW segment
Disaggregation of Revenue [Line Items]
Net sales588,983 622,158
Operating segments | Flooring ROW segment | Ceramic & Stone
Disaggregation of Revenue [Line Items]
Net sales0 0
Operating segments | Flooring ROW segment | Carpet & Resilient
Disaggregation of Revenue [Line Items]
Net sales191,295 190,929
Operating segments | Flooring ROW segment | Laminate & Wood
Disaggregation of Revenue [Line Items]
Net sales198,810 210,201
Operating segments | Flooring ROW segment | Other
Disaggregation of Revenue [Line Items]
Net sales198,878 221,028
Operating segments | Flooring ROW segment | United States
Disaggregation of Revenue [Line Items]
Net sales707 68
Operating segments | Flooring ROW segment | Europe
Disaggregation of Revenue [Line Items]
Net sales440,495 469,916
Operating segments | Flooring ROW segment | Russia
Disaggregation of Revenue [Line Items]
Net sales26,326 23,615
Operating segments | Flooring ROW segment | Other
Disaggregation of Revenue [Line Items]
Net sales $ 121,455 $ 128,559

Restructuring, acquisition an_3

Restructuring, acquisition and integration-related costs - Restructuring and Related Costs by Type of Cost (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring costs $ 11,709 $ 32,937
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring costs11,172 31,535
Acquisition integration-related costs610 1,067
Restructuring, acquisition transaction and integration-related costs11,782 32,602
Selling, general and administrative expenses
Restructuring Cost and Reserve [Line Items]
Restructuring costs537 1,402
Acquisition transaction-related costs(216)280
Acquisition integration-related costs575 1,419
Restructuring, acquisition transaction and integration-related costs $ 896 $ 3,101

Restructuring, acquisition an_4

Restructuring, acquisition and integration-related costs - Restructuring Reserve (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2019 $ 4,259
Restructuring costs11,709 $ 32,937
Cash payments(5,775)
Non-cash items(7,722)
Balance as of March 28, 20202,471
Lease impairments
Restructuring Reserve [Roll Forward]
Balance as of December 31, 201921
Cash payments(8)
Non-cash items0
Balance as of March 28, 202013
Asset write-downs
Restructuring Reserve [Roll Forward]
Balance as of December 31, 20190
Cash payments0
Non-cash items(4,438)
Balance as of March 28, 20200
Severance
Restructuring Reserve [Roll Forward]
Balance as of December 31, 20194,122
Cash payments(2,010)
Non-cash items(144)
Balance as of March 28, 20202,310
Other restructuring costs
Restructuring Reserve [Roll Forward]
Balance as of December 31, 2019116
Cash payments(3,757)
Non-cash items(3,140)
Balance as of March 28, 2020148
Provision - Corporate
Restructuring Reserve [Roll Forward]
Restructuring costs61
Provision - Corporate | Lease impairments
Restructuring Reserve [Roll Forward]
Restructuring costs0
Provision - Corporate | Asset write-downs
Restructuring Reserve [Roll Forward]
Restructuring costs0
Provision - Corporate | Severance
Restructuring Reserve [Roll Forward]
Restructuring costs61
Provision - Corporate | Other restructuring costs
Restructuring Reserve [Roll Forward]
Restructuring costs0
Operating segments | Provision - Flooring NA segment
Restructuring Reserve [Roll Forward]
Restructuring costs8,769
Operating segments | Provision - Flooring NA segment | Lease impairments
Restructuring Reserve [Roll Forward]
Restructuring costs0
Operating segments | Provision - Flooring NA segment | Asset write-downs
Restructuring Reserve [Roll Forward]
Restructuring costs2,833
Operating segments | Provision - Flooring NA segment | Severance
Restructuring Reserve [Roll Forward]
Restructuring costs0
Operating segments | Provision - Flooring NA segment | Other restructuring costs
Restructuring Reserve [Roll Forward]
Restructuring costs5,936
Operating segments | Provision - Flooring ROW segment
Restructuring Reserve [Roll Forward]
Restructuring costs2,879
Operating segments | Provision - Flooring ROW segment | Lease impairments
Restructuring Reserve [Roll Forward]
Restructuring costs0
Operating segments | Provision - Flooring ROW segment | Asset write-downs
Restructuring Reserve [Roll Forward]
Restructuring costs1,605
Operating segments | Provision - Flooring ROW segment | Severance
Restructuring Reserve [Roll Forward]
Restructuring costs281
Operating segments | Provision - Flooring ROW segment | Other restructuring costs
Restructuring Reserve [Roll Forward]
Restructuring costs $ 993

Receivables, net (Details)

Receivables, net (Details) - USD ($) $ in ThousandsMar. 28, 2020Dec. 31, 2019
Receivables [Abstract]
Customers, trade $ 1,611,525 $ 1,491,592
Income tax receivable9,098 8,428
Other88,872 88,520
Receivables, gross1,709,495 1,588,540
Less: allowance for discounts, claims and doubtful accounts64,745 61,921
Receivables, net $ 1,644,750 $ 1,526,619

Inventories (Details)

Inventories (Details) - USD ($) $ in ThousandsMar. 28, 2020Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods $ 1,560,769 $ 1,610,742
Work in process136,581 144,639
Raw materials498,084 526,947
Total inventories $ 2,195,434 $ 2,282,328

Goodwill and intangible asset_2

Goodwill and intangible assets - Schedule of goodwill (Details) $ in Thousands3 Months Ended
Mar. 28, 2020USD ($)
Goodwill [Roll Forward]
Goodwill, gross, beginning balance $ 3,897,452
Accumulated impairment losses, beginning balance(1,327,425)
Goodwill, net, beginning balance2,570,027
Goodwill recognized during the period(9,642)
Currency translation during the period(40,406)
Goodwill, gross, ending balance3,847,404
Accumulated impairment losses, ending balance(1,327,425)
Goodwill, net, ending balance2,519,979
Global Ceramic segment
Goodwill [Roll Forward]
Goodwill, gross, beginning balance1,583,576
Accumulated impairment losses, beginning balance(531,930)
Goodwill, net, beginning balance1,051,646
Goodwill recognized during the period0
Currency translation during the period(23,930)
Goodwill, gross, ending balance1,559,646
Accumulated impairment losses, ending balance(531,930)
Goodwill, net, ending balance1,027,716
Flooring NA segment
Goodwill [Roll Forward]
Goodwill, gross, beginning balance874,198
Accumulated impairment losses, beginning balance(343,054)
Goodwill, net, beginning balance531,144
Goodwill recognized during the period0
Currency translation during the period0
Goodwill, gross, ending balance874,198
Accumulated impairment losses, ending balance(343,054)
Goodwill, net, ending balance531,144
Flooring ROW segment
Goodwill [Roll Forward]
Goodwill, gross, beginning balance1,439,678
Accumulated impairment losses, beginning balance(452,441)
Goodwill, net, beginning balance987,237
Goodwill recognized during the period(9,642)
Currency translation during the period(16,476)
Goodwill, gross, ending balance1,413,560
Accumulated impairment losses, ending balance(452,441)
Goodwill, net, ending balance $ 961,119

Goodwill and intangible asset_3

Goodwill and intangible assets - Schedule of indefinite life assets not subject to amortization (Details) - Tradenames $ in Thousands3 Months Ended
Mar. 28, 2020USD ($)
Indefinite-lived Intangible Assets [Roll Forward]
Balance as of December 31, 2019 $ 702,732
Currency translation during the period(23,829)
Balance as of March 28, 2020 $ 678,903

Goodwill and intangible asset_4

Goodwill and intangible assets - Schedule of intangible assets subject to amortization (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019Dec. 31, 2019
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance $ 900,937
Intangible assets recognized during the period12,789
Currency translation during the period(11,062)
Intangible assets subject to amortization, ending balance902,664
Accumulated amortization, beginning balance674,790
Amortization during the period6,876 $ 6,729
Currency translation during the period(4,122)
Accumulated amortization, ending balance677,544
Intangible assets subject to amortization, net225,120 $ 226,147
Customer relationships
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance645,206
Intangible assets recognized during the period12,789
Currency translation during the period(9,387)
Intangible assets subject to amortization, ending balance648,608
Accumulated amortization, beginning balance426,765
Amortization during the period6,324
Currency translation during the period(2,670)
Accumulated amortization, ending balance430,419
Intangible assets subject to amortization, net218,189
Patents
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance249,100
Intangible assets recognized during the period0
Currency translation during the period(1,471)
Intangible assets subject to amortization, ending balance247,629
Accumulated amortization, beginning balance246,872
Amortization during the period510
Currency translation during the period(1,445)
Accumulated amortization, ending balance245,937
Intangible assets subject to amortization, net1,692
Other
Finite-lived Intangible Assets [Roll Forward]
Intangible assets subject to amortization, beginning balance6,631
Intangible assets recognized during the period0
Currency translation during the period(204)
Intangible assets subject to amortization, ending balance6,427
Accumulated amortization, beginning balance1,153
Amortization during the period42
Currency translation during the period(7)
Accumulated amortization, ending balance1,188
Intangible assets subject to amortization, net $ 5,239

Goodwill and intangible asset_5

Goodwill and intangible assets - Schedule of intangible assets amortization expense (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense $ 6,876 $ 6,729

Goodwill and intangible asset_6

Goodwill and intangible assets - Narrative (Details)12 Months Ended
Dec. 31, 2019
Minimum
Goodwill [Line Items]
Increase (decrease) in estimated after tax cash flows (as a percent)(19.00%)
Increase (decrease) in WACC (as a percent)15.00%
Maximum
Goodwill [Line Items]
Increase (decrease) in estimated after tax cash flows (as a percent)(39.00%)
Increase (decrease) in WACC (as a percent)45.00%

Accounts payable and accrued _3

Accounts payable and accrued expenses (Details) - USD ($) $ in ThousandsMar. 28, 2020Dec. 31, 2019
Payables and Accruals [Abstract]
Outstanding checks in excess of cash $ 6,981 $ 9,924
Accounts payable, trade899,178 824,956
Accrued expenses409,445 461,035
Product warranties51,983 49,184
Accrued interest6,856 21,050
Accrued compensation and benefits179,642 192,991
Total accounts payable and accrued expenses $ 1,554,085 $ 1,559,140

Accumulated other comprehensi_3

Accumulated other comprehensive income (loss) (Details) $ in Thousands3 Months Ended
Mar. 28, 2020USD ($)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance $ 8,126,448
Current period other comprehensive income (loss)(322,028)
Ending balance7,847,643
Foreign currency translation adjustments
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance(753,108)
Current period other comprehensive income (loss)(322,129)
Ending balance(1,075,237)
Pensions, net of tax
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance(12,716)
Current period other comprehensive income (loss)101
Ending balance(12,615)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income Rollforward [Roll Forward]
Beginning balance(765,824)
Ending balance $ (1,087,852)

Leases (Details)

Leases (Details) $ in Thousands3 Months Ended
Mar. 28, 2020USD ($)
Lessee, Lease, Description [Line Items]
Leases not yet commenced $ 2,618
Minimum
Lessee, Lease, Description [Line Items]
Term of contracts1 year
Term of contracts, majority1 year
Lease extensions3 years
Maximum
Lessee, Lease, Description [Line Items]
Term of contracts60 years
Term of contracts, majority8 years
Lease extensions10 years

Leases - Components of lease ex

Leases - Components of lease expense (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Operating lease costs
Fixed $ 32,214 $ 32,143
Short-term6,446 4,348
Variable10,395 7,478
Sub-leases(238)(217)
Operating lease costs48,817 43,752
Finance lease costs
Amortization of leased assets1,254 432
Interest on lease liabilities149 31
Finance lease costs1,403 463
Net lease costs50,220 44,215
Cost of sales
Operating lease costs
Fixed7,401 7,688
Short-term2,641 1,439
Variable2,269 2,278
Sub-leases(97)(84)
Operating lease costs12,214 11,321
Selling, general and administrative expenses
Operating lease costs
Fixed24,813 24,455
Short-term3,805 2,909
Variable8,126 5,200
Sub-leases(141)(133)
Operating lease costs36,603 32,431
Depreciation and Amortization
Finance lease costs
Amortization of leased assets1,254 432
Interest on lease liabilities0 0
Finance lease costs1,254 432
Net lease costs
Interest
Finance lease costs
Amortization of leased assets0 0
Interest on lease liabilities149 31
Finance lease costs149 31
Net lease costs

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) - USD ($) $ in ThousandsMar. 28, 2020Dec. 31, 2019
Operating Leases
Right of use operating lease assets $ 331,329 $ 323,003
Finance Leases
Property, plant and equipment, gross36,797 35,271
Accumulated depreciation(6,725)(5,664)
Property, plant and equipment, net30,072 29,607
Total lease assets361,401 352,610
Operating Leases
Other current106,673 101,945
Non-current238,830 228,155
Total operating liabilities345,503 330,100
Finance Leases
Short-term debt5,266 4,835
Long-term debt25,611 25,214
Total finance liabilities30,877 30,049
Total lease liabilities $ 376,380 $ 360,149

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) - USD ($) $ in ThousandsMar. 28, 2020Dec. 31, 2019
Finance Leases
2020 (excluding the three months ended March 28, 2020) $ 4,339
20215,413
20225,062
20244,386
20233,109
Thereafter11,223
Total lease payments33,532
Less imputed interest2,655
Present value, Total30,877 $ 30,049
Operating Leases
2020 (excluding the three months ended March 28, 2020)89,915
202198,707
202271,624
202343,215
202426,043
Thereafter42,024
Total lease payments371,528
Less imputed interest26,025
Present value, Total345,503 $ 330,100
Total
2020 (excluding the three months ended March 28, 2020)94,254
2021104,120
202276,686
202347,601
202429,152
Thereafter53,247
Total lease payments $ 405,060

Leases - Lease term and discoun

Leases - Lease term and discount rate (Details)Mar. 28, 2020Mar. 30, 2019
Weighted Average Remaining Lease Term
Operating Leases4 years 5 months 8 days4 years 1 month 28 days
Finance Leases8 years 29 days8 years 10 months 20 days
Weighted Average Discount Rate
Operating Leases3.20%3.30%
Finance Leases1.40%2.10%

Leases - Supplemental cash flow

Leases - Supplemental cash flow information (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases $ 31,343 $ 31,557
Operating cash flows from finance leases110 31
Financing cash flows from finance leases1,288 371
Right-of-use assets obtained in exchange for lease obligations:
Operating Leases39,911 22,243
Finance Leases1,531 0
Amortization of right of use operating lease assets $ 30,189 $ 28,641

Stock-based compensation (Detai

Stock-based compensation (Details) - Restricted Stock Units (RSUs) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Share Based Compensation Arrangement by Share Based Payment Award [Line Items]
Number of shares granted in period (in shares)188 169
Weighted-average grant-date fair value (in usd per share) $ 120.94 $ 137.71
Recognized stock-based compensation costs $ 5,041 $ 5,789
Recognized stock-based compensation costs, net of tax3,731 $ 4,283
Pre-tax unrecognized compensation expense, net of forfeitures $ 17,815
Recognized expense over a weighted-average period (years)2 years 3 months 7 days

Other expense (income), net (De

Other expense (income), net (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Other Nonoperating Income (Expense) [Abstract]
Foreign currency losses (gains), net $ 7,608 $ (1,110)
All other, net(1,929)(2,626)
Total other expense (income), net $ 5,679 $ (3,736)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Income Tax Disclosure [Abstract]
Income tax expense $ 26,668 $ 37,018
Earnings before income taxes $ 137,133 $ 158,593
Effective tax rate19.40%23.30%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019Jan. 01, 2020
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance $ 8,126,448 $ 7,440,059
Shares issued under employee and director stock plans(3,228)(4,448)
Stock-based compensation expense5,041 5,789
Repurchases of common stock(68,641)
Noncontrolling earnings(49)(10)
Currency translation adjustment on non-controlling interests(283)9
Currency translation adjustment(322,129)13,953
Prior pension and post-retirement benefit service cost and actuarial gain / loss101 108
CECL Adoption $ (131)
Net income110,514 121,585
Ending balance7,847,643 7,577,045
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance $ 790 $ 797
Beginning balance (in shares)78,980 79,656
Shares issued under employee and director stock plans $ 1 $ 1
Shares issued under employee and director stock plans (in shares)130 115
Repurchases of common stock $ (6)
Repurchases of common stock (in shares)(579)
Ending balance $ 785 $ 798
Ending balance (in shares)78,531 79,771
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance $ 1,868,250 $ 1,852,173
Shares issued under employee and director stock plans(3,288)(4,478)
Stock-based compensation expense5,041 5,789
Ending balance1,870,003 1,853,484
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance7,232,337 6,588,197
Repurchases of common stock(68,635)
CECL Adoption $ (131)
Net income110,514 121,585
Ending balance7,274,085 6,709,782
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance(765,824)(791,608)
Currency translation adjustment(322,129)13,953
Prior pension and post-retirement benefit service cost and actuarial gain / loss101 108
Ending balance(1,087,852)(777,547)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance $ (215,712) $ (215,745)
Beginning balance (in shares)(7,348)(7,349)
Shares issued under employee and director stock plans $ 59 $ 29
Shares issued under employee and director stock plans (in shares)2
Ending balance $ (215,653) $ (215,716)
Ending balance (in shares)(7,346)(7,349)
Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance $ 6,607 $ 6,245
Noncontrolling earnings(49)(10)
Currency translation adjustment on non-controlling interests(283)9
Ending balance $ 6,275 $ 6,244

Earnings per share (Details)

Earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands3 Months Ended
Mar. 28, 2020Mar. 30, 2019
Earnings Per Share [Abstract]
Net earnings attributable to Mohawk Industries, Inc. $ 110,514 $ 121,585
Weighted-average common shares outstanding-basic and diluted:
Weighted-average common shares outstanding-basic (in shares)71,547 72,342
Add weighted-average dilutive potential common shares-options to purchase common shares and RSUs, net (in shares)230 304
Weighted-average common shares outstanding-diluted (in shares)71,777 72,646
Earnings per share attributable to Mohawk Industries, Inc.
Basic (in usd per share) $ 1.54 $ 1.68
Diluted (in usd per share) $ 1.54 $ 1.67

Segment reporting (Details)

Segment reporting (Details) $ in Thousands3 Months Ended
Mar. 28, 2020USD ($)segmentMar. 30, 2019USD ($)Dec. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of reportable segments | segment3
Segment Reporting Information [Line Items]
Net sales $ 2,285,763 $ 2,442,490
Operating income (loss)151,483 165,330
Assets13,256,942 $ 13,386,680
Global Ceramic segment
Segment Reporting Information [Line Items]
Net sales848,450 898,352
Flooring NA segment
Segment Reporting Information [Line Items]
Net sales848,330 921,980
Flooring ROW segment
Segment Reporting Information [Line Items]
Net sales588,983 622,158
Operating segments | Global Ceramic segment
Segment Reporting Information [Line Items]
Net sales848,450 898,352
Operating income (loss)49,089 84,335
Assets5,237,631 5,419,896
Operating segments | Flooring NA segment
Segment Reporting Information [Line Items]
Net sales848,330 921,980
Operating income (loss)33,682 649
Assets3,841,815 3,823,654
Operating segments | Flooring ROW segment
Segment Reporting Information [Line Items]
Net sales588,983 622,158
Operating income (loss)77,227 90,431
Assets3,810,348 3,925,246
Intersegment sales
Segment Reporting Information [Line Items]
Net sales0 0
Corporate and intersegment eliminations
Segment Reporting Information [Line Items]
Operating income (loss)(8,515) $ (10,085)
Assets $ 367,148 $ 217,884

Commitments and contingencies (

Commitments and contingencies (Details) - Belgium - Foreign tax authority - EUR (€) € in Thousands1 Months Ended36 Months Ended
Mar. 30, 2019Dec. 31, 2014
2005
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros) € 46,135
2006
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)38,817
2007
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)39,635
2008
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)30,131
2009
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)35,567
2010
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros) € 43,117
2011
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros) € 40,617
2012
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)39,732
2013
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)11,358
2014
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)23,919
2015
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)30,610
2016
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros)93,145
2017
Commitments And Contingencies [Line Items]
Assessment received from Belgian tax authority (in euros) € 79,933

Debt - Senior Credit Facility a

Debt - Senior Credit Facility and Term Loan (Details)Oct. 18, 2019USD ($)Mar. 28, 2020USD ($)Apr. 07, 2020USD ($)Dec. 31, 2019USD ($)
2019 Senior Secured Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility $ 1,800,000,000
Commitment fee percentage0.11%
Step up of consolidated net leverage ratio, no more than4
Unamortized financing costs $ 3,405,000
Utilized borrowings under credit facility $ 893,932,000
Available amount under credit facility906,068,000
Additional maturity period extended1 year
2019 Senior Secured Credit Facility | Borrowings
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility565,245,000
2019 Senior Secured Credit Facility | Standby letters of credit
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility $ 22,787,000
2019 Senior Secured Credit Facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage0.09%
Consolidated interest coverage ratio, at least3
2019 Senior Secured Credit Facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage0.20%
Consolidated net leverage ratio, no more than3.75
2019 Senior Secured Credit Facility | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Basis spread on debt instrument1.125%
2019 Senior Secured Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum
Line of Credit Facility [Line Items]
Basis spread on debt instrument1.00%
2019 Senior Secured Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum
Line of Credit Facility [Line Items]
Basis spread on debt instrument1.75%
2019 Senior Secured Credit Facility | Federal funds
Line of Credit Facility [Line Items]
Basis spread on debt instrument0.50%
2019 Senior Secured Credit Facility | Monthly LIBOR
Line of Credit Facility [Line Items]
Basis spread on debt instrument1.00%0.125%
2019 Senior Secured Credit Facility | Monthly LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on debt instrument0.00%
2019 Senior Secured Credit Facility | Monthly LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on debt instrument0.75%
2019 Senior Secured Credit Facility Amendment, Maturing October 18, 2024
Line of Credit Facility [Line Items]
Unamortized financing costs $ 2,264,000
Commercial Paper
Line of Credit Facility [Line Items]
Utilized borrowings under credit facility $ 305,900,000
Subsequent Event | Delayed Draw Term Loan
Line of Credit Facility [Line Items]
Maximum borrowing capacity under credit facility $ 500,000,000

Debt - Commercial Paper (Detail

Debt - Commercial Paper (Details) - USD ($)Jul. 31, 2015Feb. 28, 2014Mar. 28, 2020Dec. 31, 2019Oct. 18, 2019
Commercial Paper | United States
Line of Credit Facility [Line Items]
Maturity period of debt29 days
Maximum borrowing capacity under credit facility $ 1,800,000,000
Weighted average interest rate on debt1.70%
Commercial Paper | Europe
Line of Credit Facility [Line Items]
Maturity period of debt183 days23 days 9 hours 36 minutes
Weighted average interest rate on debt(0.26%)
Carrying value | United States
Line of Credit Facility [Line Items]
Commercial paper $ 60,300,000 $ 317,000,000
Carrying value | Europe
Line of Credit Facility [Line Items]
Commercial paper $ 245,600,000 $ 376,946,000
Maximum | Commercial Paper | United States
Line of Credit Facility [Line Items]
Maturity period of debt397 days

Debt - Senior Notes (Details)

Debt - Senior Notes (Details)Sep. 04, 2019USD ($)May 18, 2018USD ($)Sep. 11, 2017USD ($)Jun. 09, 2015USD ($)Jan. 31, 2013USD ($)Mar. 28, 2020Sep. 04, 2019EUR (€)May 18, 2018EUR (€)Sep. 11, 2017EUR (€)Jun. 09, 2015EUR (€)
Floating rate notes due September 04, 2021
Debt Instrument [Line Items]
Aggregate principal amount of debts | € € 300,000,000
Issuance premium received | € € 744,000
Payment of financing costs $ 754,000
Floating Rate Notes due May 18, 2020
Debt Instrument [Line Items]
Aggregate principal amount of debts | € € 300,000,000
Payment of financing costs $ 890,000
Floating Rate Notes due September 11, 2019
Debt Instrument [Line Items]
Aggregate principal amount of debts | € € 300,000,000
Payment of financing costs $ 911,000
2.00% Senior Notes due January 14, 2022
Debt Instrument [Line Items]
Aggregate principal amount of debts | € € 500,000,000
Payment of financing costs $ 4,218,000
Interest rate percentage2.00%2.00%
3.85% Senior Notes due February 1, 2023
Debt Instrument [Line Items]
Aggregate principal amount of debts $ 600,000,000
Payment of financing costs $ 6,000,000
Interest rate percentage3.85%3.85%
Euro Interbank Offered Rate (EURIBOR) | Floating rate notes due September 04, 2021
Debt Instrument [Line Items]
Basis spread on debt instrument0.20%
Euro Interbank Offered Rate (EURIBOR) | Floating Rate Notes due May 18, 2020
Debt Instrument [Line Items]
Basis spread on debt instrument0.30%
Euro Interbank Offered Rate (EURIBOR) | Floating Rate Notes due September 11, 2019
Debt Instrument [Line Items]
Basis spread on debt instrument0.30%

Debt - Fair Value and Carrying

Debt - Fair Value and Carrying Value of Debt Instruments (Details) - USD ($) $ in ThousandsSep. 25, 2013Mar. 28, 2020Dec. 31, 2019Jun. 09, 2015Jan. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Less current portion of long-term debt and commercial paper $ 1,210,525 $ 1,051,498
3.85% Senior Notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate percentage3.85%3.85%
2.00% Senior Notes due January 14, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate percentage2.00%2.00%
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other $ 30,877 30,049
Unamortized debt issuance costs(2,714)(3,129)
Total debt2,721,825 2,617,079
Less current portion of long-term debt and commercial paper1,210,525 1,051,498
Long-term debt, less current portion1,511,300 1,565,581
Fair Value | 3.85% Senior Notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable610,050 627,144
Fair Value | 2.00% Senior Notes due January 14, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable545,561 580,235
Fair Value | Floating Rate Notes due May 18, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable334,173 336,066
Fair Value | Floating rate notes due September 04, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable332,733 335,965
Fair Value | Five-year senior secured credit facility, due October 18, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable565,245 16,803
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance leases and other30,877 30,049
Unamortized debt issuance costs(2,714)(3,129)
Total debt2,724,525 2,569,886
Less current portion of long-term debt and commercial paper1,210,525 1,051,498
Long-term debt, less current portion1,514,000 1,518,388
Carrying Value | 3.85% Senior Notes due February 1, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable600,000 600,000
Carrying Value | 2.00% Senior Notes due January 14, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable556,917 560,099
Carrying Value | Floating Rate Notes due May 18, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable334,150 336,059
Carrying Value | Floating rate notes due September 04, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable334,150 336,059
Carrying Value | Five-year senior secured credit facility, due October 18, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes payable565,245 16,803
United States | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper60,300 317,000
United States | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper60,300 317,000
Europe | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper245,600 376,946
Europe | Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Commercial paper $ 245,600 $ 376,946
Senior Secured Credit Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term of line of credit5 years