XML 53 R38.htm IDEA: XBRL DOCUMENT
v3.20.4

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Leases [Abstract] |
Components of Lease Expense | The components of lease costs for the twelve months ended December 31, 2020 and December 31, 2019 are as follows:
| Twelve Months Ended December 31, 2020 |  | Twelve Months Ended December 31, 2019
| Cost of Goods Sold |  | Selling, General and Administrative |  | Total |  | Cost of Goods Sold |  | Selling, General and Administrative |  | Total
Operating lease costs |  |  |  |  |  |  |  |  |  |  |
Fixed | $ | 25,067 |  |  | 102,504 |  |  | 127,571 |  |  | 30,002 |  |  | 97,988 |  |  | 127,990 |
Short-term | 11,633 |  |  | 16,021 |  |  | 27,654 |  |  | 9,725 |  |  | 13,933 |  |  | 23,658 |
Variable | 8,285 |  |  | 30,036 |  |  | 38,321 |  |  | 8,123 |  |  | 29,852 |  |  | 37,975 |
Sub-leases | (411) |  |  | (741) |  |  | (1,152) |  |  | (311) |  |  | (537) |  |  | (848) |
| $ | 44,574 |  |  | 147,820 |  |  | 192,394 |  |  | 47,539 |  |  | 141,236 |  |  | 188,775 |
| Twelve Months Ended December 31, 2020 |  | Twelve Months Ended December 31, 2019
| Depreciation and Amortization |  | Interest |  | Total |  | Depreciation and Amortization |  | Interest |  | Total
Finance lease costs |  |  |  |  |  |  |  |  |  |  |
Amortization of leased assets | $ | 6,423 |  |  | — |  |  | 6,423 |  |  | 4,015 |  |  | — |  |  | 4,015 |
Interest on lease liabilities | — |  |  | 690 |  |  | 690 |  |  | — |  |  | 491 |  |  | 491 |
| $ | 6,423 |  |  | 690 |  |  | 7,113 |  |  | 4,015 |  |  | 491 |  |  | 4,506 |
Net lease costs |  |  |  |  | $ | 199,507 |  |  |  |  |  |  | 193,281 |
Rental expense under fixed operating leases was $143,513 in 2018. Lease term and discount rate are as follows:
| At December 31, 2020 |  | At December 31, 2019 |  |
Weighted Average Remaining Lease Term |  |  |  |  |
Operating Leases | 4.5 years |  | 4.3 years |  |
Finance Leases | 7.7 years |  | 8.4 years |  |
Weighted Average Discount Rate |  |  |  |  |
Operating Leases | 2.8 | % |  | 3.3 | % |  |
Finance Leases | 1.4 | % |  | 1.4 | % |  |
Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases is as follows:
| Classification |  | At December 31, 2020 |  | At December 31, 2019 |  |
Assets |  |  |  |  |  |  |
Operating Leases |  |  |  |  |  |  |
Right of use operating lease assets | Right of use operating lease assets |  | $ | 323,138 |  |  | 323,003 |  |  |
Finance Leases |  |  |  |  |  |  |
Property, plant and equipment, gross | Property, plant and equipment |  | 58,170 |  |  | 35,271 |  |  |
Accumulated depreciation | Accumulated depreciation |  | (12,498) |  |  | (5,664) |  |  |
Property, plant and equipment, net | Property, plant and equipment, net |  | 45,672 |  |  | 29,607 |  |  |
Total lease assets |  |  | $ | 368,810 |  |  | 352,610 |  |  |
Liabilities |  |  |  |  |  |  |
Operating Leases |  |  |  |  |  |  |
Other current | Current operating lease liabilities |  | $ | 98,042 |  |  | 101,945 |  |  |
Non-current | Non-current operating lease liabilities |  | 234,726 |  |  | 228,155 |  |  |
Total operating liabilities |  |  | 332,768 |  |  | 330,100 |  |  |
Finance Leases |  |  |  |  |  |  |
Short-term debt | Short-term debt and current portion of long-term debt |  | 8,025 |  |  | 4,835 |  |  |
Long-term debt | Long-term debt, less current portion |  | 38,098 |  |  | 25,214 |  |  |
Total finance liabilities |  |  | 46,123 |  |  | 30,049 |  |  |
Total lease liabilities |  |  | $ | 378,891 |  |  | 360,149 |  |  |
Maturity of Operating Lease Liabilities | Maturities of lease liabilities as of December 31, 2020 are as follows:
Year ending December 31, | Finance Leases |  | Operating Leases |  | Total
2021 | $ | 8,830 |  |  | 113,151 |  |  | 121,981 |
2022 | 8,399 |  |  | 88,607 |  |  | 97,006 |
2023 | 7,632 |  |  | 60,118 |  |  | 67,750 |
2024 | 5,870 |  |  | 38,785 |  |  | 44,655 |
2025 | 4,453 |  |  | 26,837 |  |  | 31,290 |
Thereafter | 14,599 |  |  | 27,454 |  |  | 42,053 |
Total lease payments | 49,783 |  |  | 354,952 |  |  | 404,735 |
Less imputed interest | 3,660 |  |  | 22,184 |  |  |
Present value, Total | $ | 46,123 |  |  | 332,768 |  |  |
Maturity of Finance Lease Liabilities | Maturities of lease liabilities as of December 31, 2020 are as follows:
Year ending December 31, | Finance Leases |  | Operating Leases |  | Total
2021 | $ | 8,830 |  |  | 113,151 |  |  | 121,981 |
2022 | 8,399 |  |  | 88,607 |  |  | 97,006 |
2023 | 7,632 |  |  | 60,118 |  |  | 67,750 |
2024 | 5,870 |  |  | 38,785 |  |  | 44,655 |
2025 | 4,453 |  |  | 26,837 |  |  | 31,290 |
Thereafter | 14,599 |  |  | 27,454 |  |  | 42,053 |
Total lease payments | 49,783 |  |  | 354,952 |  |  | 404,735 |
Less imputed interest | 3,660 |  |  | 22,184 |  |  |
Present value, Total | $ | 46,123 |  |  | 332,768 |  |  |
Supplemental Cash Flow Information | Supplemental cash flow information related to leases was as follows:
| Twelve Months Ended |  |
| December 31, 2020 |  | December 31, 2019 |  |  |  |  |  |
Cash paid for amounts included in measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases | $ | 124,708 |  |  | 127,213 |  |  |  |  |  |  |
Operating cash flows from finance leases | 690 |  |  | 349 |  |  |  |  |  |  |
Financing cash flows from finance leases | 6,386 |  |  | 3,975 |  |  |  |  |  |  |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |  |
Operating leases | 110,036 |  |  | 133,959 |  |  |  |  |  |  |
Finance leases | 18,248 |  |  | 20,464 |  |  |  |  |  |  |
Amortization: |  |  |  |  |  |  |  |  |
Amortization of right of use operating lease assets(1) | 113,898 |  |  | 109,884 |  |  |  |  |  |  |
(1) Amortization of Right of use operating lease assets during the period is reflected in Other assets and prepaid expenses on the Consolidated Statements of Cash Flows.

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | mhk_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | mhk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Cash Flow, Lessee [Table Text Block] + References No definition available. + Details
Name: | mhk_CashFlowLesseeTableTextBlock
Namespace Prefix: | mhk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=121609121&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration