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Revenue from Contracts with Customers | 9 Months Ended
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Sep. 28, 2024
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | Revenue from Contracts with Customers Contract Liabilities The Company records contract liabilities when it receives payment prior to fulfilling a performance obligation. Contract liabilities related to revenues are recorded in accounts payable and accrued expenses on the accompanying Condensed Consolidated Balance Sheets. The revenues related to these performance obligations are expected to be recognized within a twelve-month period. The Company had contract liabilities of $67.5 million and $68.0 million as of September 28, 2024 and December 31, 2023, respectively. Performance Obligations Substantially all of the Company’s revenue is recognized at a point in time when the product is either shipped or received from the Company’s facilities and control of the product is transferred to the customer. Accordingly, the Company does not recognize a significant amount of revenue from performance obligations satisfied, or partially satisfied, in prior periods, and the amount of such revenue recognized during the three and nine months ended September 28, 2024 and September 30, 2023 was immaterial. Costs to Obtain a Contract The Company incurs certain incremental costs to obtain revenue contracts. These costs relate to marketing display structures and are capitalized when the amortization period is greater than one year, with the amount recorded in other assets on the accompanying Condensed Consolidated Balance Sheets. Capitalized costs to obtain contracts were $66.3 million and $66.7 million as of September 28, 2024 and December 31, 2023, respectively. Straight-line amortization expense recognized during the nine months ended September 28, 2024 and September 30, 2023 related to these capitalized costs was $46.2 million and $45.7 million, respectively. Revenue Disaggregation The Company has three reporting segments: Global Ceramic, Flooring North America (“Flooring NA”) and Flooring Rest of the World (“Flooring ROW”). The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the three months ended September 28, 2024 and September 30, 2023:
(In millions) |  |  |  |  |  |  |
September 28, 2024 | Global Ceramic |  | Flooring NA |  | Flooring ROW |  | Total
Geographical Markets: |  |  |  |  |  |  |
United States | $ | 568.0 |  |  | 943.0 |  |  | 1.8 |  |  | 1,512.8 |
Europe | 268.9 |  |  | 1.4 |  |  | 503.8 |  |  | 774.1 |
Latin America | 175.1 |  |  | 1.4 |  |  | 9.9 |  |  | 186.4 |
Other | 46.0 |  |  | 28.2 |  |  | 171.5 |  |  | 245.7 |
Total | $ | 1,058.0 |  |  | 974.0 |  |  | 687.0 |  |  | 2,719.0 |
Product Categories: |  |  |  |  |  |  |
Ceramic & Stone | $ | 1,043.0 |  |  | 4.0 |  |  | — |  |  | 1,047.0 |
Carpet & Resilient | 15.0 |  |  | 763.9 |  |  | 216.7 |  |  | 995.6 |
Laminate & Wood | — |  |  | 206.1 |  |  | 217.5 |  |  | 423.6 |
Other (1) | — |  |  | — |  |  | 252.8 |  |  | 252.8 |
Total | $ | 1,058.0 |  |  | 974.0 |  |  | 687.0 |  |  | 2,719.0 |
September 30, 2023 | Global Ceramic |  | Flooring NA |  | Flooring ROW |  |  |  | Total
Geographical Markets: |  |  |  |  |  |  |  |  |
United States | $ | 586.5 |  |  | 931.7 |  |  | 1.3 |  |  |  |  | 1,519.5 |
Europe | 258.9 |  |  | 1.4 |  |  | 532.7 |  |  |  |  | 793.0 |
Latin America | 201.6 |  |  | 1.3 |  |  | 9.7 |  |  |  |  | 212.6 |
Other | 44.7 |  |  | 27.8 |  |  | 168.5 |  |  |  |  | 241.0 |
Total | $ | 1,091.7 |  |  | 962.2 |  |  | 712.2 |  |  |  |  | 2,766.1 |
Product Categories: |  |  |  |  |  |  |  |  |
Ceramic & Stone | $ | 1,081.3 |  |  | 8.8 |  |  | — |  |  |  |  | 1,090.1 |
Carpet & Resilient | 10.4 |  |  | 757.4 |  |  | 223.2 |  |  |  |  | 991.0 |
Laminate & Wood | — |  |  | 196.0 |  |  | 222.4 |  |  |  |  | 418.4 |
Other (1) | — |  |  | — |  |  | 266.6 |  |  |  |  | 266.6 |
Total | $ | 1,091.7 |  |  | 962.2 |  |  | 712.2 |  |  |  |  | 2,766.1 |
(1) Other includes roofing elements, insulation boards, chipboards and IP contracts. The following table presents the Company’s segment revenues disaggregated by the geographical market location of customer sales and product categories for the nine months ended September 28, 2024 and September 30, 2023:
(In millions) |  |  |  |  |  |  |  |  |
September 28, 2024 | Global Ceramic |  | Flooring NA |  | Flooring ROW |  | Total |  |
Geographical Markets |  |  |  |  |  |  |  |  |
United States | $ | 1,721.7 |  |  | 2,743.3 |  |  | 6.2 |  |  | 4,471.2 |  |  |
Europe | 816.3 |  |  | 2.8 |  |  | 1,621.8 |  |  | 2,440.9 |  |  |
Latin America | 542.6 |  |  | 3.4 |  |  | 29.0 |  |  | 575.0 |  |  |
Other | 137.8 |  |  | 83.2 |  |  | 491.6 |  |  | 712.6 |  |  |
Total | $ | 3,218.4 |  |  | 2,832.7 |  |  | 2,148.6 |  |  | 8,199.7 |  |  |
Product Categories |  |  |  |  |  |  |  |  |
Ceramic & Stone | $ | 3,174.8 |  |  | 16.0 |  |  | — |  |  | 3,190.8 |  |  |
Carpet & Resilient | 43.6 |  |  | 2,211.4 |  |  | 654.6 |  |  | 2,909.6 |  |  |
Laminate & Wood | — |  |  | 605.3 |  |  | 685.8 |  |  | 1,291.1 |  |  |
Other (1) | — |  |  | — |  |  | 808.2 |  |  | 808.2 |  |  |
Total | $ | 3,218.4 |  |  | 2,832.7 |  |  | 2,148.6 |  |  | 8,199.7 |  |  |
September 30, 2023 | Global Ceramic |  | Flooring NA |  | Flooring ROW |  |  |  | Total
Geographical Markets |  |  |  |  |  |  |  |  |
United States | $ | 1,794.8 |  |  | 2,831.0 |  |  | 4.8 |  |  |  |  | 4,630.6 |
Europe | 829.6 |  |  | 1.7 |  |  | 1,775.6 |  |  |  |  | 2,606.9 |
Latin America | 544.0 |  |  | 2.9 |  |  | 24.2 |  |  |  |  | 571.1 |
Other | 138.0 |  |  | 81.7 |  |  | 494.5 |  |  |  |  | 714.2 |
Total | $ | 3,306.4 |  |  | 2,917.3 |  |  | 2,299.1 |  |  |  |  | 8,522.8 |
Product Categories |  |  |  |  |  |  |  |  |
Ceramic & Stone | $ | 3,276.7 |  |  | 27.3 |  |  | — |  |  |  |  | 3,304.0 |
Carpet & Resilient | 29.7 |  |  | 2,299.2 |  |  | 466.7 |  |  |  |  | 2,795.6 |
Laminate & Wood | — |  |  | 590.8 |  |  | 942.9 |  |  |  |  | 1,533.7 |
Other (1) | — |  |  | — |  |  | 889.5 |  |  |  |  | 889.5 |
Total | $ | 3,306.4 |  |  | 2,917.3 |  |  | 2,299.1 |  |  |  |  | 8,522.8 |
(1) Other includes roofing elements, insulation boards, chipboards and IP contracts.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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