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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2021 | Sep. 30, 2020
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 806,454 | $ 668,888 | $ 2,389,929 | $ 1,961,606
Revenue from Related Parties | 0 | 0 | 0 | 0
Segment, including Inter-segment, sales | 806,454 | 668,888 | 2,389,929 | 1,961,606
Adjusted EBIT | 124,865 | 88,300 | 365,994 | 243,143
Special items charge (Gain) | 80,736 | 9,445 | 95,829 | 43,344
EBIT | 44,129 | 78,855 | 270,165 | 199,799
Interest income | 333 | 293 | 1,185 | 1,576
Interest expense | (6,047) | (5,845) | (17,921) | (18,467)
Income before income taxes | 38,415 | 73,303 | 253,429 | 182,908
Rationalization and asset impairment charges (gains) | 3,484 | 6,257 | 8,277 | 36,016
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | (73,562) |  | (79,652) |
Business Combination, Inventory Step Up | 3,690 |  | 5,531 |
Corporate/Eliminations |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 0 | 0 | 0 | 0
Revenue from Related Parties | (46,503) | (36,164) | (134,629) | (100,687)
Segment, including Inter-segment, sales | (46,503) | (36,164) | (134,629) | (100,687)
Adjusted EBIT | (4,704) | (1,839) | (10,048) | (4,902)
Special items charge (Gain) |  |  | 1,923 |
EBIT | (4,704) | (1,839) | (11,971) | (4,902)
Acquisition Transaction and Integration Costs |  |  | 1,923 |
Acquisition Transaction and Integration Costs |  |  | 1,923 |
Americas Welding [Member] |  |  |  |
Financial information for the reportable segments |  |  |  |
Rationalization and asset impairment charges (gains) |  | 3,856 |  | 27,719
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | 73,562 | 3,188 | 79,652 | 6,522
Americas Welding [Member] | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 461,508 | 371,535 | 1,344,218 | 1,123,299
Revenue from Related Parties | 37,480 | 29,368 | 109,993 | 81,644
Segment, including Inter-segment, sales | 498,988 | 400,903 | 1,454,211 | 1,204,943
Adjusted EBIT | 84,557 | 59,120 | 245,308 | 176,524
Special items charge (Gain) | 73,574 | 7,044 | 79,664 | 34,241
EBIT | 10,983 | 52,076 | 165,644 | 142,283
International Welding [Member] |  |  |  |
Financial information for the reportable segments |  |  |  |
Rationalization and asset impairment charges (gains) | 3,484 | 2,401 | 8,277 | 8,297
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment |  |  | 446 |
Business Combination, Inventory Step Up |  |  |  | 806
International Welding [Member] | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 227,165 | 196,937 | 702,596 | 572,027
Revenue from Related Parties | 7,078 | 4,898 | 18,260 | 13,667
Segment, including Inter-segment, sales | 234,243 | 201,835 | 720,856 | 585,694
Adjusted EBIT | 29,032 | 13,432 | 77,845 | 29,729
Special items charge (Gain) | 6,615 | 2,401 | 13,695 | 9,103
EBIT | 22,417 | 11,031 | 64,150 | 20,626
The Harris Products Group | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 117,781 | 100,416 | 343,115 | 266,280
Revenue from Related Parties | 1,945 | 1,898 | 6,376 | 5,376
Segment, including Inter-segment, sales | 119,726 | 102,314 | 349,491 | 271,656
Adjusted EBIT | 15,980 | 17,587 | 52,889 | 41,792
Special items charge (Gain) | 547 |  | 547 |
EBIT | $ 15,433 | $ 17,587 | $ 52,342 | $ 41,792

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