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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 1,033,214 | $ 935,240 | $ 3,133,122 | $ 2,830,277
Adjusted EBIT | 184,168 | 156,776 | 546,769 | 487,242
Special items charge (gain) | 11,926 | 11,079 | 21,224 | 9,306
EBIT | 172,242 | 145,697 | 525,545 | 477,936
Interest income | 1,852 | 376 | 3,520 | 980
Interest expense | (12,661) | (8,586) | (39,228) | (21,847)
Income before income taxes | 161,433 | 137,487 | 489,837 | 457,069
Rationalization and asset impairment charges | 7,074 | 8,364 | 10,618 | 9,405
Rationalization and asset impairment net gains |  |  | (1,128) | (7,776)
Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 36,070 | 47,989 | 120,047 | 126,859
Corporate/Eliminations |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | (36,070) | (47,989) | (120,047) | (126,859)
Adjusted EBIT | (2,952) | (1,685) | (14,538) | (10,470)
Special items charge (gain) | 0 | 3,068 | 0 | 3,068
EBIT | (2,952) | (4,753) | (14,538) | (13,538)
Acquisition Costs |  | 3,068 |  | 3,086
Americas Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 665,228 | 585,628 | 2,000,839 | 1,715,342
Americas Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 694,103 | 620,981 | 2,092,882 | 1,807,882
Adjusted EBIT | 136,476 | 118,804 | 408,800 | 348,439
Special items charge (gain) | 4,056 | (353) | 9,798 | (3,627)
EBIT | 132,420 | 119,157 | 399,002 | 352,066
Defined benefit plan, net periodic benefit cost (credit), gain (loss) due to curtailment |  |  |  | 3,735
Business combination, inventory step up | 3,648 | 353 | 9,390 | 1,106
Rationalization and asset impairment net gains |  |  |  | 998
Americas Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 28,875 | 35,353 | 92,043 | 92,540
International Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 242,010 | 216,497 | 747,829 | 711,167
International Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 246,906 | 226,491 | 767,770 | 736,916
Adjusted EBIT | 30,239 | 25,225 | 93,609 | 97,321
Special items charge (gain) | 7,870 | 8,364 | 11,426 | 9,865
EBIT | 22,369 | 16,861 | 82,183 | 87,456
Rationalization and asset impairment charges | 6,666 | 8,364 | 10,210 | 10,403
Business combination, inventory step up | 1,204 |  | 2,862 |
Gain (loss) on disposition of assets |  |  | 1,646 |
International Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 4,896 | 9,994 | 19,941 | 25,749
The Harris Products Group |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 125,976 | 133,115 | 384,454 | 403,768
The Harris Products Group | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 128,275 | 135,757 | 392,517 | 412,338
Adjusted EBIT | 20,405 | 14,432 | 58,898 | 51,952
Special items charge (gain) | 0 | 0 | 0 | 0
EBIT | 20,405 | 14,432 | 58,898 | 51,952
The Harris Products Group | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 2,299 | $ 2,642 | 8,063 | $ 8,570
Americas Welding and International Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Rationalization and asset impairment charges | $ 408 |  | $ 408 |

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