XML 20 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Gross Profit [Abstract]    
Revenues $ 5,350.0 $ 5,521.9
Cost of goods sold 4,212.1 4,313.4
Operating Expenses [Abstract]    
Selling, general and administrative expense 829.4 817.7
Depreciation and amortization 45.5 44.4
Income from operations 263.0 346.4
Interest Income (Expense), Nonoperating, Net 94.4 95.0
Other Nonoperating Income (Expense) 21.6 10.1
Income before income taxes 147.0 241.3
Provision for income taxes 30.9 44.1
Net income 116.1 197.2
Net (loss) income attributable to noncontrolling interest 0.3 0.1
Net income attributable to WESCO International, Inc. 115.8 197.1
Preferred Stock Dividends, Income Statement Impact 14.4 14.4
Net Income (Loss) Available to Common Stockholders, Basic $ 101.4 $ 182.7
Basic (in dollars per share) $ 1.99 $ 3.58
Diluted (in dollars per share) $ 1.95 $ 3.48
Comprehensive Income:    
Foreign currency translation adjustment $ (71.6) $ 17.0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax 1.9 0.0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent (69.7) 17.0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 46.4 214.2
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest 0.3 0.1
Dividends, Preferred Stock 14.4 14.4
Comprehensive income attributable to WESCO International, Inc. $ 31.7 $ 199.7