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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2024 USD ($) segment | Sep. 30, 2023 USD ($)
Financial information for the reportable segments |  |  |  |
Number of operating segments (segments) | segment |  |  | 3 |
Net sales (Note 2) | $ 983,759 | $ 1,033,214 | $ 2,986,639 | $ 3,133,122
Adjusted EBIT | 172,078 | 184,168 | 526,773 | 546,769
Special items charge | 28,162 | 11,926 | 68,263 | 21,224
EBIT | 143,916 | 172,242 | 458,510 | 525,545
Interest income | 2,108 | 1,852 | 7,301 | 3,520
Interest expense | (14,082) | (12,661) | (38,715) | (39,228)
Income before income taxes | 131,942 | 161,433 | 427,096 | 489,837
Rationalization and asset impairment charges (Note 6) | 20,227 | 7,074 | 51,322 | 10,618
Pension settlement net charges |  |  | 3,966 | 0
Acquisition Costs | 610 |  | 4,551 |
Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | (41,371) | (36,070) | (132,772) | (120,047)
Corporate/Eliminations |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | (41,371) | (36,070) | (132,772) | (120,047)
Adjusted EBIT | 4,503 | (2,952) | (11,840) | (14,538)
Special items charge | 610 | 0 | 4,656 | 0
EBIT | 3,893 | (2,952) | (16,496) | (14,538)
Acquisition Costs | 610 |  | 4,551 |
Americas Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 637,026 | 665,228 | 1,910,061 | 2,000,839
Rationalization and asset impairment charges (Note 6) | 16,282 | 408 | 16,521 | 408
Pension settlement net charges | 3,966 |  | 3,966 |
Business combination, inventory step up | 3,109 | 3,648 | 3,224 | 9,390
Americas Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 667,871 | 694,103 | 2,008,685 | 2,092,882
Adjusted EBIT | 125,515 | 136,476 | 398,265 | 408,800
Special items charge | 23,357 | 4,056 | 23,711 | 9,798
EBIT | 102,158 | 132,420 | 374,554 | 399,002
Americas Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 30,845 | 28,875 | 98,624 | 92,043
International Welding |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 216,224 | 242,010 | 690,743 | 747,829
Rationalization and asset impairment charges (Note 6) | 2,676 | 6,666 | 32,030 | 10,210
Business combination, inventory step up | 250 | 1,204 | 250 | 2,862
Gain (loss) on disposition of assets |  |  | (4,950) | 1,646
International Welding | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 223,595 | 246,906 | 715,371 | 767,770
Adjusted EBIT | 20,101 | 30,239 | 73,587 | 93,609
Special items charge | 2,926 | 7,870 | 37,230 | 11,426
EBIT | 17,175 | 22,369 | 36,357 | 82,183
International Welding | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 7,371 | 4,896 | 24,628 | 19,941
The Harris Products Group |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 130,509 | 125,976 | 385,835 | 384,454
Rationalization and asset impairment charges (Note 6) | 1,269 |  | 2,666 |
The Harris Products Group | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 133,664 | 128,275 | 395,355 | 392,517
Adjusted EBIT | 21,959 | 20,405 | 66,761 | 58,898
Special items charge | 1,269 | 0 | 2,666 | 0
EBIT | 20,690 | 20,405 | 64,095 | 58,898
The Harris Products Group | Inter-segment |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 3,155 | $ 2,299 | $ 9,520 | $ 8,063

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