XML 29 R11.htm IDEA: XBRL DOCUMENT v3.24.0.1
Revenue
12 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue
Note 2. Revenue
Disaggregation of Revenue
The accounting policies of the operations in the various geographic areas are the same as those described in the summary of significant accounting policies. Revenues are attributed to countries based on the selling location from which the sale occurred. During 2023, 2022, and 2021, no single customer represented 5% or more of our consolidated net sales.
Our revenues related to the following geographic areas were as follows for the periods ended December 31:
Twelve-month Period
202320222021
United States$6,139.8 5,867.1 5,033.3 
     % of revenues83.6 %84.0 %83.7 %
Canada and Mexico981.9 884.4 749.0 
     % of revenues13.4 %12.7 %12.5 %
     North America7,121.7 6,751.5 5,782.3 
     % of revenues97.0 %96.7 %96.2 %
All other foreign countries225.0 229.1 228.6 
     % of revenues3.0 %3.3 %3.8 %
Total revenues$7,346.7 6,980.6 6,010.9 
The percentages of our sales by end market were as follows for the periods ended December 31:
Twelve-month Period
202320222021
Manufacturing74.3 %72.2 %68.9 %
Non-residential construction9.1 %10.3 %11.1 %
Other16.6 %17.5 %20.0 %
100.0 %100.0 %100.0 %
The percentages of our sales by product line were as follows for the periods ended December 31:
Twelve-month Period
TypeIntroduced202320222021
Fasteners (1)
196732.4 %34.0 %33.3 %
Tools19938.5 %8.4 %8.5 %
Cutting tools19965.3 %5.0 %5.0 %
Hydraulics & pneumatics19966.7 %6.5 %6.4 %
Material handling19965.6 %5.7 %5.6 %
Janitorial supplies19968.4 %8.0 %8.2 %
Electrical supplies19974.6 %4.4 %4.3 %
Welding supplies19974.1 %3.9 %3.8 %
Safety supplies199921.2 %20.8 %21.2 %
Other3.2 %3.3 %3.7 %
100.0 %100.0 %100.0 %
(1) The fastener product line represents fasteners and miscellaneous supplies.