Segment Reporting

3 Months Ended

Mar. 30, 2024

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 distributed through various channels, including home centers, Company-owned service centers and stores, floor covering retailers, ceramic tile specialists, e-commerce retailers, residential builders, independent distributors, commercial contractors and commercial end users. Flooring NA designs, markets, manufactures, distributes and sources its floor covering product lines, including carpets, rugs, carpet pad, laminate, resilient (including sheet vinyl and luxury vinyl tile (“LVT”) and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through various selling channels, including floor covering retailers, home centers, mass merchandisers, department stores, e-commerce retailers, shop at home, buying groups, residential builders, independent distributors, commercial contractors and commercial end users. Flooring ROW designs, markets, manufactures, licenses, distributes and sources laminate, LVT, sheet vinyl, wood flooring, broadloom carpet, carpet tile, 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 floor retailers, wholesalers, home centers, Company-operated distributors, residential builders, independent distributors, commercial contractors and commercial end users.

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.

	Three Months Ended
(In millions)	March 30, 2024		April 1, 2023
Net sales:
Global Ceramic	$	1,044.8	1,059.3
Flooring NA	900.2		953.4
Flooring ROW	734.4		793.5
Total	$	2,679.4	2,806.2
Operating income (loss):
Global Ceramic	$	48.8	63.3
Flooring NA	45.0		(2.0)
Flooring ROW	70.9		75.2
Corporate and intersegment eliminations	(18.1)		(10.8)
Total	$	146.6	125.7

(In millions)	March 30, 2024		December 31, 2023
Assets:
Global Ceramic	$	4,978.1	4,988.3
Flooring NA	3,939.9		3,909.9
Flooring ROW	3,894.6		4,051.6
Corporate and intersegment eliminations	718.9		610.0
Total	$	13,531.5	13,559.8