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EMPLOYEE BENEFIT PLANS - (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Schedule of Net Funded Status [Table Text Block]

The following table presents the changes in benefit obligations, plan assets and funded status for the defined benefit plans:

			Domestic Plans												Foreign Plans												Total
(In thousands)			2022						2021						2022						2021						2022						2021
Change in Projected Benefit Obligation
Beginning balance			$	301,783					$	332,484					$	424,096					$	486,855					$	725,879					$	819,339
Service cost			—						3,033						8,317						12,140						8,317						15,173
Interest cost			8,696						8,219						9,503						9,801						18,199						18,020
Participant contributions			—						—						881						846						881						846
Actuarial (gain) loss, including assumption changes			(47,137)						(10,649)						(133,872)						(35,483)						(181,009)						(46,132)
Benefits paid from plan assets			(9,842)						(8,988)						(11,133)						(11,343)						(20,975)						(20,331)
Benefits paid from Company assets			—						(527)						(454)						(461)						(454)						(988)
Curtailment			—						(3,900)						—						(32,680)						—						(36,580)
Plan amendment			—						—						(26)						(104)						(26)						(104)
Settlement			—						(17,889)						(241)						(219)						(241)						(18,108)
Foreign currency exchange rate changes			—						—						(29,813)						(5,256)						(29,813)						(5,256)
Ending balance			$	253,500					$	301,783					$	267,258					$	424,096					$	520,758					$	725,879
Change in Plan Assets at Fair Value
Beginning balance			$	370,731					$	355,287					$	381,781					$	365,718					$	752,512					$	721,005
Actual return on plan assets			(75,770)						24,432						(87,740)						19,661						(163,510)						44,093
Participant contributions			—						—						881						846						881						846
Employer contributions			—						17,889						11,254						10,240						11,254						28,129
Benefits paid			(9,842)						(8,988)						(11,133)						(11,343)						(20,975)						(20,331)
Settlement			—						(17,889)						(241)						(218)						(241)						(18,107)
Foreign currency exchange rate changes			—						—						(27,228)						(3,123)						(27,228)						(3,123)
Ending balance			$	285,119					$	370,731					$	267,574					$	381,781					$	552,693					$	752,512
Funded Status			$	31,619					$	68,948					$	316					$	(42,315)					$	31,935					$	26,633
Amounts Recognized in the Consolidated Balance Sheets
Other assets			$	31,619					$	68,948					$	28,350					$	4,818					$	59,969					$	73,766
Other current liabilities			—						—						(406)						(437)						(406)						(437)
Other noncurrent liabilities			—						—						(27,628)						(46,696)						(27,628)						(46,696)
Net amount recognized			$	31,619					$	68,948					$	316					$	(42,315)					$	31,935					$	26,633
Weighted Average Assumptions Used to Determine Benefit Obligations
Discount rate			4.4		%				2.9		%				4.8		%				2.4		%				4.6		%				2.6		%
Rate of compensation increase			—		%				—		%				3.4		%				3.4		%				3.4		%				3.4		%

Schedule of Net Benefit Costs [Table Text Block]

The following tables set forth the components of net periodic pension (benefit) cost for the Company's defined benefit plans:

			Domestic Plans(1)																		Foreign Plans(1)																		Total
(In thousands)			2022						2021						2020						2022						2021						2020						2022						2021						2020
Components of Net Periodic Pension (Benefit) Cost
Service cost			$	—					$	3,033					$	1,763					$	8,317					$	12,140					$	9,029					$	8,317					$	15,173					$	10,792
Interest cost			8,696						8,219						4,787						9,503						9,801						7,162						18,199						18,020						11,949
Expected return on plan assets			(14,394)						(17,097)						(8,395)						(17,599)						(17,834)						(11,659)						(31,993)						(34,931)						(20,054)
Recognized actuarial (loss) gain			—						—						—						(889)						90						—						(889)						90						—
Curtailment			—						(3,900)						—						—						(32,680)						—						—						(36,580)						—
Settlement			—						290						—						(148)						(59)						(144)						(148)						231						(144)
Net periodic pension (benefit) cost			$	(5,698)					$	(9,455)					$	(1,845)					$	(816)					$	(28,542)					$	4,388					$	(6,514)					$	(37,997)					$	2,543

(1)     The Company assumed the Domestic Plans and certain foreign plans in connection with the acquisition of Anixter on June 22, 2020, as disclosed in Note 6, “Acquisitions and Disposals”. The Company began recognizing the associated net periodic pension (benefit) cost as of the acquisition date.

Defined Benefit Plan, Assumptions [Table Text Block]

The following weighted-average actuarial assumptions were used to determine net periodic pension (benefit) cost:

			Domestic Plans(1)																		Foreign Plans(1)																		Total
			2022						2021						2020						2022						2021						2020						2022						2021						2020
Discount rate			2.9		%				2.6		%				2.9		%				2.4		%				2.0		%				2.2		%				2.6		%				2.3		%				2.5		%
Expected return on plan assets			4.3		%				5.3		%				5.5		%				5.0		%				4.9		%				5.2		%				4.6		%				5.1		%				5.3		%
Rate of compensation increase			—		%				3.8		%				3.8		%				3.4		%				3.2		%				3.4		%				3.4		%				3.4		%				3.5		%

(1)     As described above, the Company assumed the Domestic Plans and certain foreign plans in connection with the acquisition of Anixter on June 22, 2020. The Company began using the related assumptions as of the acquisition date.

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

The following table sets forth the changes and the end of year components of accumulated other comprehensive (income) loss for the defined benefit plans:

			Year Ended December 31,
(In thousands)			2022						2021
Changes to Balance:
Beginning balance, before tax effect			$	(58,788)					$	(3,062)
Prior service credit arising in current year			(13)						(100)
Net actuarial loss (gain) arising in current year			14,494						(93,064)
Recognized actuarial loss (gain)			889						(90)
Curtailment			—						36,580
Settlement			148						(231)
Foreign currency exchange rate changes			2,637						1,179
Ending balance, before tax effect			$	(40,633)					$	(58,788)
			As of December 31,
(In thousands)			2022						2021
Components of Balance:
Prior service credit			$	(150)					$	(137)
Net actuarial gain			(40,483)						(58,651)
Ending balance, before tax effect			(40,633)						(58,788)
Tax effect			10,193						13,605
Ending balance, after tax effect			$	(30,440)					$	(45,183)

Schedule of Expected Benefit Payments [Table Text Block]

The following benefit payments, which reflect expected future service, are expected to be paid as follows:

(In thousands)			Domestic Plans						Foreign Plans						Total
2023			$	143,195					$	9,580					$	152,775
2024			120,735						9,446						130,181
2025			—						9,927						9,927
2026			—						10,493						10,493
2027			—						11,941						11,941
2028 to 2032			—						86,586						86,586

Defined Benefit Plan, Plan Assets, Allocation [Table Text Block]

The asset mixes and the asset allocation guidelines for the Domestic Plans and Foreign Plans are summarized as follows:

			Domestic Plans
									Allocation Guidelines
			December 31, 2022						Min						Target						Max
Equities			2.1		%				—		%				2		%				35		%
Debt securities:
Domestic treasuries			5.5						—						5						—
Corporate bonds			22.4						—						22						—
Other			7.6						—						8						35
Total debt securities			35.5												35
Property/real estate			13.5						—						14						35
Cash equivalents			48.9						—						49						—
			100.0		%										100		%

			Foreign Plans
									Allocation Guidelines
			December 31, 2022						Min						Target						Max
Equities			27.3		%				19		%				30		%				38		%
Debt securities:
Domestic treasuries			0.2						—						—						—
Corporate bonds			4.0						1						1						29
Pooled investment funds and other			52.6						36						54						67
Total debt securities			56.8												55
Property/real estate			4.0						2						4						7
Insurance products			6.9						7						7						7
Other			5.0						4						4						11
			100.0		%										100		%

			Domestic Plans
									Allocation Guidelines
			December 31, 2021						Min						Target						Max
Equities			10.8		%				5		%				10		%				15		%
Debt securities:
Domestic treasuries			36.1						—						34						—
Corporate bonds			25.7						—						40						—
Other			7.6						3						7						13
Total debt securities			69.4												81
Property/real estate			19.0						3						8						13
Other			0.8						—						1						—
			100.0		%										100		%

			Foreign Plans
									Allocation Guidelines
			December 31, 2021						Min						Target						Max
Equities			39.2		%				25		%				39		%				48		%
Debt securities:
Corporate bonds			4.5						—						—						37
Pooled investment funds and other			43.5						26						48						65
Total debt securities			48.0												48
Property/real estate			4.4						2						5						8
Insurance products			4.9						5						5						5
Other			3.5						3						3						13
			100.0		%										100		%

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

The following tables set forth the fair value of assets by asset category for the Domestic Plans and Foreign Plans:

			December 31, 2022
(In thousands)			Level 1						Level 2						Level 3						NAV (1)						Total
Domestic Plans
Equities			$	—					$	—					$	—					$	5,894					$	5,894
Debt securities:
Domestic treasuries			—						—						—						15,601						15,601
Corporate bonds			—						—						—						63,824						63,824
Other			—						—						—						21,694						21,694
Property/real estate			—						—						—						38,701						38,701
Cash equivalents			139,405						—						—						—						139,405
Total investments in Domestic Plans			$	139,405					$	—					$	—					$	145,714					$	285,119
Foreign Plans
Equities			$	—					$	—					$	—					$	73,072					$	73,072
Debt securities:
Domestic treasuries			—						—						—						405						405
Corporate bonds			—						—						—						10,731						10,731
Pooled investment funds and other			—						—						—						140,966						140,966
Property/real estate			—						—						—						10,637						10,637
Insurance products			—						18,489						—						—						18,489
Other			3,651						—						—						9,623						13,274
Total investments in Foreign Plans			$	3,651					$	18,489					$	—					$	245,434					$	267,574
Total
Equities			$	—					$	—					$	—					$	78,966					$	78,966
Debt securities:
Domestic treasuries			—						—						—						16,006						16,006
Corporate bonds			—						—						—						74,555						74,555
Pooled investment funds and other			—						—						—						162,660						162,660
Property/real estate			—						—						—						49,338						49,338
Insurance products			—						18,489						—						—						18,489
Cash equivalents			139,405						—						—						—						139,405
Other			3,651						—						—						9,623						13,274
Total investments			$	143,056					$	18,489					$	—					$	391,148					$	552,693

(1)     Investments measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. The amounts presented in the tables above are intended to reconcile the fair value hierarchy to the total fair value of plan assets.

			December 31, 2021
(In thousands)			Level 1						Level 2						Level 3						NAV (1)						Total
Domestic Plans
Equities			$	—					$	—					$	—					$	40,102					$	40,102
Debt securities:
Domestic treasuries			—						—						—						133,672						133,672
Corporate bonds			—						—						—						95,198						95,198
Other			—						—						—						28,246						28,246
Property/real estate			—						—						—						70,648						70,648
Other			2,865						—						—						—						2,865
Total investments in Domestic Plans			$	2,865					$	—					$	—					$	367,866					$	370,731
Foreign Plans
Equities			$	—					$	—					$	—					$	149,707					149,707
Debt securities:
Corporate bonds			—						—						—						17,328						17,328
Pooled investment funds and other			—						—						—						165,863						165,863
Property/real estate			—						—						—						16,632						16,632
Insurance products			—						18,781						—						—						18,781
Other			1,248						—						—						12,222						13,470
Total investments in Foreign Plans			$	1,248					$	18,781					$	—					$	361,752					$	381,781
Total
Equities			$	—					$	—					$	—					$	189,809					$	189,809
Debt securities:
Domestic treasuries			—						—						—						133,672						133,672
Corporate bonds			—						—						—						112,526						112,526
Pooled investment funds and other			—						—						—						194,109						194,109
Property/real estate			—						—						—						87,280						87,280
Insurance products			—						18,781						—						—						18,781
Other			4,113						—						—						12,222						16,335
Total investments			$	4,113					$	18,781					$	—					$	729,618					$	752,512

(1)     Investments measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. The amounts presented in the tables above are intended to reconcile the fair value hierarchy to the total fair value of plan assets.

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Tabular disclosure of investment allocation of defined benefit plan assets. Includes, but is not limited to, investment allocation percentage or range of percentages.

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Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

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Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

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