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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 1,060,565 | $ 969,589 | $ 2,099,908 | $ 1,895,037
Adjusted EBIT | 190,971 | 167,015 | 362,602 | 330,466
Special items charge (gain) | 6,212 | 615 | 9,299 | (1,773)
EBIT | 184,759 | 166,400 | 353,303 | 332,239
Interest income | 814 | 228 | 1,668 | 604
Interest expense | (12,513) | (6,687) | (26,567) | (13,261)
Income before income taxes | 173,060 | 159,941 | 328,404 | 319,582
Rationalization and asset impairment charges (gains) | 2,667 | (844) | 3,544 | 1,041
Rationalization and asset impairment net gains |  |  | (1,134) | 113
Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 42,009 | 41,424 | 83,977 | 78,870
Corporate/Eliminations |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | (42,009) | (41,424) | (83,977) | (78,870)
Adjusted EBIT | (2,183) | (3,983) | (11,586) | (8,785)
Special items charge (gain) | 0 | 0 | 0 | 0
EBIT | (2,183) | (3,983) | (11,586) | (8,785)
Americas Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 676,966 | 595,659 | 1,335,611 | 1,129,714
Americas Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 707,816 | 624,690 | 1,398,779 | 1,186,901
Adjusted EBIT | 139,870 | 118,067 | 272,324 | 229,635
Special items charge (gain) | 2,957 | 461 | 5,742 | (3,274)
EBIT | 136,913 | 117,606 | 266,582 | 232,909
Defined benefit plan, net periodic benefit cost (credit), gain (loss) due to curtailment |  |  |  | 3,735
Business combination, inventory step up | 2,957 | 1,459 | 5,742 | 1,459
Rationalization and asset impairment net gains |  | 998 |  | 998
Americas Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 30,850 | 29,031 | 63,168 | 57,187
International Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 253,403 | 236,629 | 505,819 | 494,670
International Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 261,695 | 246,156 | 520,864 | 510,425
Adjusted EBIT | 33,774 | 35,009 | 63,371 | 72,096
Special items charge (gain) | 3,255 | 154 | 3,557 | 1,501
EBIT | 30,519 | 34,855 | 59,814 | 70,595
Rationalization and asset impairment charges (gains) | 2,667 | 154 | 3,544 | 2,039
Business combination, inventory step up | 588 |  | 1,659 |
Gain (loss) on disposition of assets |  |  | 1,646 |
International Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 8,292 | 9,527 | 15,045 | 15,755
The Harris Products Group |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 130,196 | 137,301 | 258,478 | 270,653
The Harris Products Group | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 133,063 | 140,167 | 264,242 | 276,581
Adjusted EBIT | 19,510 | 17,922 | 38,493 | 37,520
Special items charge (gain) | 0 | 0 | 0 | 0
EBIT | 19,510 | 17,922 | 38,493 | 37,520
The Harris Products Group | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 2,867 | $ 2,866 | $ 5,764 | $ 5,928

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