XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.26.1

Segment Reporting | 3 Months Ended
--- | ---
Apr. 04, 2026
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 CODM considers Operating income (loss) as compared to prior year performance and forecast for each reporting segment to evaluate performance and allocate resources to the segments. For the Global Ceramic, Flooring NA and Flooring ROW segments, the CODM uses segment Operating income (loss) to allocate resources (including employees and financial or capital resources) for each segment predominantly in the annual budget and forecasting process. The CODM considers forecast-to-actual variances in Operating income (loss) on a monthly basis when making decisions about allocating resources to the segments. 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; cost of goods sold; 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 sales, expenses and assets information is as follows:
(In millions) | April 4, 2026 |  | December 31, 2025
Assets: |  |  |
Global Ceramic | $ | 5,248.7 |  |  | 5,155.0 |
Flooring NA | 3,835.5 |  |  | 3,832.6 |
Flooring ROW | 3,972.1 |  |  | 3,989.2 |
Corporate and intersegment eliminations | 734.8 |  |  | 710.5 |
Total | $ | 13,791.1 |  |  | 13,687.3 |
| Three Months Ended
(In millions) | April 4, 2026 |  | March 29, 2025
Geographic net sales: |  |  |
United States | $ | 1,440.3 |  |  | 1,380.3 |
Europe (1) | 889.0 |  |  | 774.2 |
Latin America | 184.5 |  |  | 162.7 |
Other | 214.9 |  |  | 208.6 |
Total | $ | 2,728.7 |  |  | 2,525.8 |
Net sales by product categories: |  |  |
Ceramic & Stone | $ | 1,081.5 |  |  | 976.0 |
Carpet & Resilient | 898.2 |  |  | 888.3 |
Laminate & Wood | 448.4 |  |  | 391.7 |
Other(2) | 300.6 |  |  | 269.8 |
Total | $ | 2,728.7 |  |  | 2,525.8 |
(1) Russia revenue included in Europe. (2) Other includes roofing elements, insulation boards, chipboards and IP contracts.
| Three Months Ended |  |  |  |
(In millions) | April 4, 2026 |  | March 29, 2025 |  |  |  |
Net sales: |  |  |  |  |  |  |
Global Ceramic | $ | 1,097.4 |  |  | 993.8 |  |  |  |  |
Flooring NA | 880.0 |  |  | 862.4 |  |  |  |  |
Flooring ROW | 751.3 |  |  | 669.6 |  |  |  |  |
Total | $ | 2,728.7 |  |  | 2,525.8 |  |  |  |  |
Cost of Sales: |  |  |  |  |  |  |
Global Ceramic | $ | 806.3 |  |  | 733.90 |  |  |  |  |
Flooring NA | 708.6 |  |  | 691.90 |  |  |  |  |
Flooring ROW | 571.9 |  |  | 516.70 |  |  |  |  |
Total | $ | 2,086.8 |  |  | 1,942.5 |  |  |  |  |
Selling, general and administrative expenses: |  |  |  |  |  |  |
Global Ceramic | $ | 239.7 |  |  | 218.0 |  |  |  |  |
Flooring NA | 167.5 |  |  | 161.2 |  |  |  |  |
Flooring ROW | 108.8 |  |  | 94.0 |  |  |  |  |
Corporate and intersegment eliminations | 14.1 |  |  | 14.1 |  |  |  |  |
Total | $ | 530.1 |  |  | 487.3 |  |  |  |  |
Operating income (loss): |  |  |  |  |  |  |
Global Ceramic | $ | 51.2 |  |  | 41.8 |  |  |  |  |
Flooring NA | 3.8 |  |  | 9.3 |  |  |  |  |
Flooring ROW | 70.5 |  |  | 58.7 |  |  |  |  |
Total | $ | 125.5 |  |  | 109.8 |  |  |  |  |
Reconciliation of segment operating income (loss) to consolidated earnings (loss) before income taxes |  |  |  |  |  |  |
Unallocated amounts: |  |  |  |  |  |  |
General Corporate expense | $ | 13.7 |  |  | 13.8 |  |  |  |  |
Other (income) and expense, net | 1.2 |  |  | (0.5) |  |  |  |  |
Interest expense | 2.4 |  |  | 6.4 |  |  |  |  |
Earnings (loss) before income taxes | $ | 108.2 |  |  | 90.1 |  |  |  |  |
Depreciation and amortization: |  |  |  |  |  |  |
Global Ceramic | $ | 54.9 |  |  | 53.6 |  |  |  |  |
Flooring NA | 81.4 |  |  | 56.3 |  |  |  |  |
Flooring ROW | 44.5 |  |  | 38.7 |  |  |  |  |
Corporate and intersegment eliminations | 1.0 |  |  | 1.8 |  |  |  |  |
Total | $ | 181.8 |  |  | 150.4 |  |  |  |  |
| Three Months Ended
(In millions) | April 4, 2026 |  | March 29, 2025
Capital expenditures (excluding acquisitions): |  |  |
Global Ceramic | $ | 38.6 |  |  | 31.9 |
Flooring NA | 31.9 |  |  | 34.0 |
Flooring ROW | 29.6 |  |  | 23.2 |
Corporate and intersegment eliminations | 2.2 |  |  | — |
Total | $ | 102.3 |  |  | 89.1 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration