Segment Reporting

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company has three reporting segments: Global Ceramic, Flooring NA and Flooring ROW. Global Ceramic designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone, porcelain slabs, quartz countertops and other products, which it distributes primarily in North America, Europe and Latin America 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. Flooring NA designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, laminate, resilient (includes sheet vinyl and LVT) and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through various selling channels, including independent floor covering retailers, distributors, home centers, mass merchandisers, department stores, shop at home, buying groups, commercial contractors and commercial end users. Flooring ROW designs, manufactures, sources, licenses and markets laminate, sheet vinyl, LVT, wood flooring, roofing elements, insulation boards, medium-density fiberboard (“MDF”), chipboards and other wood products, which it distributes primarily in Europe and Australasia through various selling channels, which include retailers, Company-operated distributors, independent distributors and home centers.

The accounting policies for each operating segment are consistent with the Company’s policies for the Consolidated Financial Statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income. No single customer accounted for more than 10% of net sales for the years ended December 31, 2023, 2022 or 2021.

Segment information is as follows:

	2023		2022	2021
Assets:
Global Ceramic	$	4,988,347	4,841,310	5,160,776
Flooring NA	3,909,943		4,299,360	4,125,960
Flooring ROW	4,051,647		4,275,519	4,361,741
Corporate and intersegment eliminations	609,932		704,243	576,040
Total	$	13,559,869	14,120,432	14,224,517
Geographic net sales:
United States	$	6,040,058	6,490,079	6,181,628
Europe (2)	3,380,980		3,701,648	3,567,902
Latin America	767,773		512,249	434,512
Other	946,304		1,033,089	1,016,571
Total	$	11,135,115	11,737,065	11,200,613
Long-lived assets: (1)
United States	$	2,312,850	2,317,409	2,309,575
Belgium	980,855		961,086	976,311
Other	2,127,993		1,770,499	1,740,946
Total	$	5,421,698	5,048,994	5,026,832
Net sales by product categories:
Ceramic & Stone	$	4,293,084	4,320,423	3,938,654
Carpet & Resilient	3,955,360		4,235,815	4,294,042
Laminate & Wood	1,732,614		1,964,486	1,852,766
Other (3)	1,154,057		1,216,341	1,115,151
Total	$	11,135,115	11,737,065	11,200,613
Net sales:
Global Ceramic	$	4,300,107	4,307,681	3,917,319
Flooring NA	3,829,386		4,207,041	4,116,405
Flooring ROW	3,005,622		3,222,343	3,166,889
Total	$	11,135,115	11,737,065	11,200,613

(1) Long-lived assets are composed of property, plant and equipment - net, and ROU operating lease assets.

(2) Russia revenue included in Europe.

(3) Other includes roofing elements, insulation boards, chipboards and IP contracts.

	2023		2022	2021
Operating income (loss):
Global Ceramic	$	(166,448)	(236,066)	403,135
Flooring NA	(57,182)		231,076	407,577
Flooring ROW	69,727		340,167	571,126
Corporate and intersegment eliminations	(133,905)		(90,960)	(46,827)
Total	$	(287,808)	244,217	1,335,011
Depreciation and amortization:
Global Ceramic	$	213,113	198,866	210,634
Flooring NA	221,064		231,279	211,872
Flooring ROW	187,464		156,041	156,700
Corporate	8,686		9,278	12,505
Total	$	630,327	595,464	591,711
Capital expenditures (excluding acquisitions):
Global Ceramic	$	249,033	154,266	167,224
Flooring NA	193,948		231,068	327,691
Flooring ROW	156,767		178,313	164,318
Corporate	13,181		17,095	16,887
Total	$	612,929	580,742	676,120