XML 111 R97.htm IDEA: XBRL DOCUMENT
v3.22.4

FAIR VALUE (Summary of Fair Value Assets and Liabilities) (Details) - Recurring basis - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Assets: |  |
Total assets | $ 79,705 | $ 14,824
Liabilities: |  |
Deferred compensation | 39,090 | 41,612
Total liabilities | 42,880 | 46,200
Foreign exchange contracts |  |
Assets: |  |
Assets | 3,815 | 5,428
Liabilities: |  |
Liabilities | 1,528 | 3,980
Net investment contracts |  |
Assets: |  |
Assets |  | 2,095
Liabilities: |  |
Liabilities | 2,229 | 608
Commodity contracts |  |
Assets: |  |
Assets | 181 | 311
Liabilities: |  |
Liabilities | 33 |
Forward starting swap agreements |  |
Assets: |  |
Assets | 19,291 | 6,990
Pension surplus |  |
Assets: |  |
Assets | 56,418 |
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) |  |
Assets: |  |
Total assets | 56,418 | 0
Liabilities: |  |
Deferred compensation | 0 | 0
Total liabilities | 0 | 0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Foreign exchange contracts |  |
Assets: |  |
Assets | 0 | 0
Liabilities: |  |
Liabilities | 0 | 0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Net investment contracts |  |
Assets: |  |
Assets |  | 0
Liabilities: |  |
Liabilities | 0 | 0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Commodity contracts |  |
Assets: |  |
Assets | 0 | 0
Liabilities: |  |
Liabilities | 0 |
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Forward starting swap agreements |  |
Assets: |  |
Assets | 0 | 0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Pension surplus |  |
Assets: |  |
Assets | 56,418 |
Significant Other Observable Inputs (Level 2) |  |
Assets: |  |
Total assets | 23,287 | 14,824
Liabilities: |  |
Deferred compensation | 39,090 | 41,612
Total liabilities | 42,880 | 46,200
Significant Other Observable Inputs (Level 2) | Foreign exchange contracts |  |
Assets: |  |
Assets | 3,815 | 5,428
Liabilities: |  |
Liabilities | 1,528 | 3,980
Significant Other Observable Inputs (Level 2) | Net investment contracts |  |
Assets: |  |
Assets |  | 2,095
Liabilities: |  |
Liabilities | 2,229 | 608
Significant Other Observable Inputs (Level 2) | Commodity contracts |  |
Assets: |  |
Assets | 181 | 311
Liabilities: |  |
Liabilities | 33 |
Significant Other Observable Inputs (Level 2) | Forward starting swap agreements |  |
Assets: |  |
Assets | 19,291 | 6,990
Significant Other Observable Inputs (Level 2) | Pension surplus |  |
Assets: |  |
Assets | 0 |
Significant Unobservable Inputs (Level 3) |  |
Assets: |  |
Total assets | 0 | 0
Liabilities: |  |
Deferred compensation | 0 | 0
Total liabilities | 0 | 0
Significant Unobservable Inputs (Level 3) | Foreign exchange contracts |  |
Assets: |  |
Assets | 0 | 0
Liabilities: |  |
Liabilities | 0 | 0
Significant Unobservable Inputs (Level 3) | Net investment contracts |  |
Assets: |  |
Assets |  | 0
Liabilities: |  |
Liabilities | 0 | 0
Significant Unobservable Inputs (Level 3) | Commodity contracts |  |
Assets: |  |
Assets | 0 | 0
Liabilities: |  |
Liabilities | 0 |
Significant Unobservable Inputs (Level 3) | Forward starting swap agreements |  |
Assets: |  |
Assets | 0 | $ 0
Significant Unobservable Inputs (Level 3) | Pension surplus |  |
Assets: |  |
Assets | $ 0 |

X
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_AssetsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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

X
- Definition Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements. Represents currently earned compensation under compensation arrangements that is not actually paid until a later date. + References No definition available. + Details
Name: | us-gaap_DeferredCompensationLiabilityCurrentAndNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 + Details
Name: | us-gaap_DerivativeAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226008-175313 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 + Details
Name: | us-gaap_DerivativeLiabilities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value of financial and nonfinancial obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
Name: | us-gaap_LiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

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

X
- Details
Name: | us-gaap_FairValueByMeasurementFrequencyAxis=us-gaap_FairValueMeasurementsRecurringMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_NetInvestmentHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_CommodityContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForwardContractsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=leco_PensionSurplusMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |