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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 969,589 | $ 826,454 | $ 1,895,037 | $ 1,583,475
Revenue from Related Parties | 0 | 0 | 0 | 0
Segment, including Inter-segment, sales | 969,589 | 826,454 | 1,895,037 | 1,583,475
Adjusted EBIT | 167,014 | 128,455 | 330,466 | 241,129
Special items charge (Gain) | 615 | 4,931 | (1,773) | 15,093
EBIT | 166,399 | 123,524 | 332,239 | 226,036
Interest income | 228 | 398 | 604 | 852
Interest expense | (6,687) | (6,061) | (13,261) | (11,874)
Income before income taxes | 159,940 | 117,861 | 319,582 | 215,014
Rationalization and asset impairment net gains |  |  | 113 | 1,374
Rationalization and asset impairment charges (gains) | (844) | 630 | 1,041 | 4,793
Corporate/Eliminations |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 0 | 0 | 0 | 0
Revenue from Related Parties | (41,424) | (48,946) | (78,870) | (88,126)
Segment, including Inter-segment, sales | (41,424) | (48,946) | (78,870) | (88,126)
Adjusted EBIT | (3,984) | (3,888) | (8,785) | (5,344)
Special items charge (Gain) | 0 | 810 | 0 | 1,923
EBIT | (3,984) | (4,698) | (8,785) | (7,267)
Acquisition Transaction and Integration Costs |  | 810 |  | 1,923
Americas Welding [Member] |  |  |  |
Financial information for the reportable segments |  |  |  |
Rationalization and asset impairment net gains | 998 |  | 998 |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment |  | 1,650 | 3,735 | 6,536
Business Combination, Inventory Step Up | 1,459 |  | 1,459 |
Americas Welding [Member] | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 595,659 | 457,468 | 1,129,714 | 882,710
Revenue from Related Parties | 29,031 | 39,765 | 57,187 | 72,513
Segment, including Inter-segment, sales | 624,690 | 497,233 | 1,186,901 | 955,223
Adjusted EBIT | 118,067 | 84,134 | 229,635 | 160,751
Special items charge (Gain) | 461 | 1,650 | (3,274) | 6,090
EBIT | 117,606 | 82,484 | 232,909 | 154,661
International Welding [Member] |  |  |  |
Financial information for the reportable segments |  |  |  |
Rationalization and asset impairment charges (gains) | 154 | 630 | 2,039 | 4,793
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment |  |  |  | 446
Business Combination, Inventory Step Up |  | 1,841 |  | 1,841
International Welding [Member] | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 236,629 | 252,352 | 494,670 | 475,431
Revenue from Related Parties | 9,527 | 6,897 | 15,755 | 11,182
Segment, including Inter-segment, sales | 246,156 | 259,249 | 510,425 | 486,613
Adjusted EBIT | 35,009 | 29,997 | 72,096 | 48,813
Special items charge (Gain) | 154 | 2,471 | 1,501 | 7,080
EBIT | 34,855 | 27,526 | 70,595 | 41,733
The Harris Products Group | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 137,301 | 116,634 | 270,653 | 225,334
Revenue from Related Parties | 2,866 | 2,284 | 5,928 | 4,431
Segment, including Inter-segment, sales | 140,167 | 118,918 | 276,581 | 229,765
Adjusted EBIT | 17,922 | 18,212 | 37,520 | 36,909
Special items charge (Gain) | 0 | 0 | 0 | 0
EBIT | $ 17,922 | $ 18,212 | $ 37,520 | $ 36,909

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