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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 1,021,683 | $ 1,060,565 | $ 2,002,880 | $ 2,099,908
Adjusted EBIT | 181,019 | 190,971 | 354,695 | 362,602
Special items charge | 33,734 | 6,212 | 40,101 | 9,299
EBIT | 147,285 | 184,759 | 314,594 | 353,303
Interest income | 1,972 | 814 | 5,193 | 1,668
Interest expense | (12,633) | (12,513) | (24,633) | (26,567)
Income before income taxes | 136,624 | 173,060 | 295,154 | 328,404
Rationalization and asset impairment charges (Note 6) | 26,490 | 2,667 | 31,095 | 3,544
Acquisition Costs | 2,182 |  | 3,944 |
Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | (49,921) | (42,009) | (91,400) | (83,977)
Corporate/Eliminations |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | (49,921) | (42,009) | (91,400) | (83,977)
Adjusted EBIT | (6,264) | (2,183) | (16,343) | (11,586)
Special items charge | 2,286 | 0 | 4,047 | 0
EBIT | (8,550) | (2,183) | (20,390) | (11,586)
Acquisition Costs | 2,182 |  | 3,944 |
Americas Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 648,936 | 676,966 | 1,273,035 | 1,335,611
Business combination, inventory step up |  | 2,957 |  | 5,742
Americas Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 686,736 | 707,816 | 1,340,813 | 1,398,779
Adjusted EBIT | 136,651 | 139,870 | 272,750 | 272,324
Special items charge | 354 | 2,957 | 354 | 5,742
EBIT | 136,297 | 136,913 | 272,396 | 266,582
Americas Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 37,800 | 30,850 | 67,778 | 63,168
International Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 238,758 | 253,403 | 474,519 | 505,819
Rationalization and asset impairment charges (Note 6) | 26,284 | 2,667 | 29,354 | 3,544
Business combination, inventory step up |  | 588 |  | 1,659
Gain (loss) on disposition of assets | (4,950) |  | (4,950) | 1,646
International Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 247,607 | 261,695 | 491,776 | 520,864
Adjusted EBIT | 25,709 | 33,774 | 53,486 | 63,371
Special items charge | 31,234 | 3,255 | 34,304 | 3,557
EBIT | (5,525) | 30,519 | 19,182 | 59,814
International Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 8,849 | 8,292 | 17,257 | 15,045
The Harris Products Group |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 133,989 | 130,196 | 255,326 | 258,478
Rationalization and asset impairment charges (Note 6) |  |  | 1,396 |
The Harris Products Group | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 137,261 | 133,063 | 261,691 | 264,242
Adjusted EBIT | 24,923 | 19,510 | 44,802 | 38,493
Special items charge | (140) | 0 | 1,396 | 0
EBIT | 25,063 | 19,510 | 43,406 | 38,493
The Harris Products Group | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 3,272 | $ 2,867 | $ 6,365 | $ 5,764

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