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Segment Reporting | 6 Months Ended
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Jun. 28, 2025
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company has three reporting segments: Global Ceramic, Flooring NA and Flooring ROW. Global Ceramic designs, manufactures, sources and markets a broad line of ceramic tile, porcelain tile, natural stone, porcelain slabs, quartz countertops and other products, which it distributes primarily in North America, Europe and Latin America through its network of regional distribution centers and Company-operated service centers using Company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through Company-operated service centers, independent distributors, home centers, tile and flooring retailers, residential builders, residential and commercial contractors and commercial end users. Flooring NA designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, laminate, resilient (includes sheet vinyl and luxury vinyl tile (“LVT”)) and wood flooring, which it distributes through its network of regional distribution centers and satellite warehouses using Company-operated trucks, common carriers or rail transportation. The segment’s product lines are sold through various selling channels, including independent floor covering retailers, distributors, home centers, mass merchandisers, department stores, shop at home, buying groups, residential builders, commercial contractors and commercial end users. Flooring ROW designs, manufactures, sources, licenses and markets laminate, sheet vinyl, LVT, carpet, carpet tile, wood flooring, roofing elements, insulation materials, medium-density fiberboard (“MDF”), chipboards and other wood products, which it distributes primarily in Europe and Oceania through various selling channels, which include independent floor covering retailers, Company-operated distributors, independent distributors and home centers. In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands segment disclosures for public entities, including requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the CODM and an explanation of how the CODM uses reported measures of segment profit or loss in assessing segment performance and allocating resources. The new guidance also expands disclosures about a reportable segment’s profit or loss and assets in interim periods and clarifies that a public entity may report additional measures of segment profit if the CODM uses more than one measure of a segment’s profit or loss. The new guidance does not remove existing segment disclosure requirements or change how a public entity identifies its operating segments, aggregates those operating segments, or determines its reportable segments. Effective January 1, 2024, the Company adopted the new disclosure guidance. The Chief Executive Officer (“CEO”), Chief Operating Officer (“COO”) and Chief Financial Officer (“CFO”) of the Company collaborate to gather information that the CEO uses to assess performance and make resource allocation decisions for the operating segments. The CEO frequently makes operational and resource allocation decisions and is also responsible for strategic decisions. Since the CEO makes crucial operating and resource allocation decisions with support from the other senior executives, the CEO is the CODM for purposes of Topic 280. The Company internally provides the following discrete segment financial information to its CODM: total assets; geographic net sales; long-lived assets; net sales by product categories; net sales; gross profit; selling, general, and administrative expenses; operating income; depreciation expenses and capital expenditures. This key segment information, including both significant segment expenses and assets, is used by the CODM to evaluate performance and allocate resources to the segments. Significant segment expenses and assets information is as follows:
| Three Months Ended |  | Six Months Ended
(In millions) | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Net sales: |  |  |  |  |  |  |
Global Ceramic | $ | 1,120.9 |  |  | 1,115.6 |  |  | 2,114.7 |  |  | 2,160.4 |
Flooring NA | 946.8 |  |  | 958.5 |  |  | 1,809.2 |  |  | 1,858.7 |
Flooring ROW | 734.4 |  |  | 727.2 |  |  | 1,404.0 |  |  | 1,461.6 |
Total | $ | 2,802.1 |  |  | 2,801.3 |  |  | 5,327.9 |  |  | 5,480.7 |
Gross profit: |  |  |  |  |  |  |
Global Ceramic | $ | 329.0 |  |  | 311.6 |  |  | 588.8 |  |  | 585.6
Flooring NA | 217.9 |  |  | 245.7 |  |  | 388.3 |  |  | 450.5
Flooring ROW | 167.5 |  |  | 165.6 |  |  | 320.1 |  |  | 336.6
Corporate and intersegment eliminations | — |  |  | 0.9 |  |  | 0.5 |  |  | 0.6
Total | $ | 714.4 |  |  | 723.8 |  |  | 1,297.7 |  |  | 1,373.3 |
Selling, general and administrative expenses: |  |  |  |  |  |  |
Global Ceramic | $ | 240.8 |  |  | 228.5 |  |  | 458.8 |  |  | 453.7
Flooring NA | 165.4 |  |  | 167.4 |  |  | 326.5 |  |  | 327.2
Flooring ROW | 101.7 |  |  | 100.0 |  |  | 195.6 |  |  | 200.1
Corporate and intersegment eliminations | 17.8 |  |  | 13.9 |  |  | 32.0 |  |  | 31.7
Total | $ | 525.7 |  |  | 509.8 |  |  | 1,012.9 |  |  | 1,012.7 |
Operating income (loss): |  |  |  |  |  |  |
Global Ceramic | $ | 88.2 |  |  | 83.1 |  |  | 130.0 |  |  | 131.9 |
Flooring NA | 52.5 |  |  | 78.3 |  |  | 61.8 |  |  | 123.3 |
Flooring ROW | 65.8 |  |  | 65.6 |  |  | 124.5 |  |  | 136.5 |
Corporate and intersegment eliminations | (17.8) |  |  | (13.0) |  |  | (31.5) |  |  | (31.1) |
Total | $ | 188.7 |  |  | 214.0 |  |  | 284.8 |  |  | 360.6 |
| Three Months Ended |  | Six Months Ended
(In millions) | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Depreciation and amortization: |  |  |  |  |  |  |
Global Ceramic | $ | 51.9 |  |  | 57.5 |  |  | 105.5 |  |  | 113.0 |
Flooring NA | 56.6 |  |  | 55.5 |  |  | 112.9 |  |  | 111.6 |
Flooring ROW | 45.4 |  |  | 56.3 |  |  | 84.1 |  |  | 96.6 |
Corporate and intersegment eliminations | 1.7 |  |  | 2.2 |  |  | 3.5 |  |  | 4.5 |
Total | $ | 155.6 |  |  | 171.5 |  |  | 306.0 |  |  | 325.7 |
Capital expenditures (excluding acquisitions): |  |  |  |  |  |  |
Global Ceramic | $ | 34.5 |  |  | 37.2 |  |  | 66.4 |  |  | 58.7 |
Flooring NA | 20.3 |  |  | 32.9 |  |  | 54.3 |  |  | 61.5 |
Flooring ROW | 25.4 |  |  | 22.9 |  |  | 48.6 |  |  | 52.5 |
Corporate and intersegment eliminations | — |  |  | (1.6) |  |  | — |  |  | 5.5 |
Total | $ | 80.2 |  |  | 91.4 |  |  | 169.3 |  |  | 178.2 |
(In millions) | June 28, 2025 |  | December 31, 2024
Assets: |  |  |
Global Ceramic | $ | 5,158.4 |  |  | 4,591.0 |
Flooring NA | 4,034.5 |  |  | 3,925.5 |
Flooring ROW | 4,078.7 |  |  | 3,594.7 |
Corporate and intersegment eliminations | 507.2 |  |  | 667.4 |
Total | $ | 13,778.8 |  |  | 12,778.6 |

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- Definition The entire disclosure for reporting segments including data and tables. 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