XML 19 R10.htm IDEA: XBRL DOCUMENT
v3.21.2

Revenue | 9 Months Ended
--- | ---
Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenue | (2) Revenue Revenue Recognition Net sales include products and shipping and handling charges, net of estimates for product returns, and any related sales incentives. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring products. All revenue is recognized when we satisfy our performance obligations under the contract. We recognize revenue by transferring the promised products to the customer, with the majority of revenue recognized at the point in time the customer obtains control of the products. We recognize revenue for shipping and handling charges at the time the products are delivered to or picked up by the customer. We estimate product returns based on historical return rates. Using probability assessments, we estimate sales incentives expected to be paid over the term of the contract. The majority of our contracts have a single performance obligation and are short term in nature. Sales taxes and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. Revenues are attributable to countries based on the selling location from which the sale occurred. Disaggregation of Revenue Our revenues related to the following geographic areas were as follows for the periods ended September 30:
| Nine-month Period |  | Three-month Period
| 2021 |  | 2020 |  | 2021 |  | 2020
United States | $ | 3,753.6 |  |  | 3,681.6 |  |  | $ | 1,307.5 |  |  | 1,205.8 |
Canada and Mexico | 558.8 |  |  | 462.3 |  |  | 189.9 |  |  | 160.5 |
North America | 4,312.4 |  |  | 4,143.9 |  |  | 1,497.4 |  |  | 1,366.3 |
All other foreign countries | 166.6 |  |  | 145.4 |  |  | 56.8 |  |  | 47.0 |
Total revenues | $ | 4,479.0 |  |  | 4,289.3 |  |  | $ | 1,554.2 |  |  | 1,413.3 |
The percentages of our sales by end market were as follows for the periods ended September 30:
| Nine-month Period |  | Three-month Period
| 2021 |  | 2020 |  | 2021 |  | 2020
Manufacturing | 68.6 | % |  | 61.7 | % |  | 68.9 | % |  | 62.7 | %
Non-residential construction | 11.2 | % |  | 11.4 | % |  | 11.3 | % |  | 11.2 | %
Other | 20.2 | % |  | 26.9 | % |  | 19.8 | % |  | 26.1 | %
| 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
The percentages of our sales by product line were as follows for the periods ended September 30:
|  | Nine-month Period |  | Three-month Period
Type | Introduced | 2021 |  | 2020 |  | 2021 |  | 2020
Fasteners(1) | 1967 | 33.2 | % |  | 29.7 | % |  | 33.4 | % |  | 30.5 | %
Tools | 1993 | 8.6 | % |  | 8.1 | % |  | 8.5 | % |  | 8.5 | %
Cutting tools | 1996 | 5.0 | % |  | 4.6 | % |  | 5.0 | % |  | 4.7 | %
Hydraulics & pneumatics | 1996 | 6.4 | % |  | 5.9 | % |  | 6.5 | % |  | 6.1 | %
Material handling | 1996 | 5.5 | % |  | 5.1 | % |  | 5.5 | % |  | 5.1 | %
Janitorial supplies | 1996 | 8.2 | % |  | 9.9 | % |  | 8.3 | % |  | 10.7 | %
Electrical supplies | 1997 | 4.3 | % |  | 4.1 | % |  | 4.3 | % |  | 3.9 | %
Welding supplies | 1997 | 3.8 | % |  | 3.5 | % |  | 3.8 | % |  | 3.5 | %
Safety supplies | 1999 | 21.2 | % |  | 26.1 | % |  | 21.1 | % |  | 23.8 | %
Other |  | 3.8 | % |  | 3.0 | % |  | 3.6 | % |  | 3.2 | %
|  | 100.0 | % |  | 100.0 | % |  | 100.0 | % |  | 100.0 | %
(1) The fasteners product line represents fasteners and miscellaneous supplies.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration