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Pay vs Performance Disclosure - USD ($)
 12 Months Ended 24 Months Ended 36 Months Ended 48 Months Ended 60 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2024
Pay vs Performance Disclosure                  
Pay vs Performance Disclosure, Table Pay versus Performance
As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K, we are providing the following information about the relationship between executive “compensation actually paid” and certain
financial performance of the Company. For further information concerning the Company’s pay-for-performance philosophy and how
the Company aligns executive compensation with the Company’s performance, refer to “Executive Compensation – Compensation
Discussion and Analysis.”
Year
Summary
Compensation
Table Total for
Principal
Executive
Officer
(“PEO”)(1)
($)
Compensation
Actually Paid to
PEO(2)
($)
Average
Summary
Compensation
Total for Non-
PEO NEOs(3)
($)
Average
Compensation
Actually Paid
to Non-PEO
NEOs (4)
($)
Value of Initial Fixed $100
Investment Based On:
Net Income(7)
($)
MIP-Adjusted
EBITDA Less
Capital Charge (8)
($)
Total
Stockholder
Return(5)
($)
Peer Group
Total
Stockholder
Return(6)
($)
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
2024
37,802,591
31,437,589
4,006,070
3,555,437
131
194
542
807
2023
18,948,385
30,825,128
4,573,625
4,036,440
139
149
214
647
2022
11,890,387
(6,690,512)
3,553,671
242,561
132
104
394
521
2021
16,128,895
26,713,850
5,152,260
7,128,999
159
166
903
699
2020
15,623,432
34,545,403
4,192,671
6,239,631
129
133
124
449
                
Company Selected Measure Name MIP-Adjusted EBITDA Less Capital Charge                
Named Executive Officers, Footnote (1) The amounts reported in column (b) are the amounts reported for Mr. Kreiz (our CEO) for each of the corresponding years in the “Total” column of the Summary Compensation Table. Refer to
the “Summary Compensation Table.”
                
Peer Group Issuers, Footnote (6) The peer group used for this purpose is the following published industry index: S&P 500 Consumer Discretionary Index.                
PEO Total Compensation Amount $ 37,802,591 $ 18,948,385 $ 11,890,387 $ 16,128,895 $ 15,623,432        
PEO Actually Paid Compensation Amount $ 31,437,589 30,825,128 (6,690,512) 26,713,850 34,545,403        
Adjustment To PEO Compensation, Footnote (2) The amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. Kreiz, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect the
total compensation actually realized or received by Mr. Kreiz. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for
each year, adjusted as shown in the table immediately below with respect to fiscal year 2024. Equity award values are calculated in accordance with FASB ASC Topic 718, and the valuation
assumptions used to calculate fair values were determined in a consistent manner and did not materially differ from those disclosed at the time of grant, other than for outstanding Performance
Units, which uses actual performance achievement of 46% of target for the 2022-2024 LTIP Performance Units and assumes performance achievement of 101% and 78% of target for the
2023-2025 LTIP Performance Units and 2024-2026 LTIP Performance Units, respectively.
Compensation Actually Paid to PEO
2024
2023
2022
2021
2020
Summary Compensation Table Total
37,802,591
18,948,385
11,890,387
16,128,895
15,623,432
Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation
Table
(29,828,352)
(11,412,502)
(10,250,004)
(9,999,997)
(9,550,000)
Less, Change in Pension Value reported in Summary Compensation Table
—
—
—
—
—
Plus, year-end fair value of outstanding and unvested equity awards granted in the year
26,941,037
15,658,508
1,652,156
10,349,756
23,292,943
Plus, fair value as of vesting date of equity awards granted and vested in the year
—
—
—
—
—
Plus (less), year over year change in fair value of outstanding and unvested equity awards
granted in prior years
(3,097,151)
4,327,221
(10,536,425)
9,714,985
5,668,878
Plus (less), change in fair value from prior year-end to vesting date of equity awards
granted in prior years that vested in the year
(380,537)
3,303,515
553,375
520,211
(489,850)
Less, prior year-end fair value for any equity awards forfeited in the year
—
—
—
—
—
Plus, pension service cost for services rendered during the year
—
—
—
—
—
Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting
if not otherwise included in the Summary Compensation Table Total for the covered fiscal
year
—
—
—
—
—
Compensation Actually Paid to PEO
31,437,589
30,825,128
(6,690,512)
26,713,850
34,545,403
                
Non-PEO NEO Average Total Compensation Amount $ 4,006,070 4,573,625 3,553,671 5,152,260 4,192,671        
Non-PEO NEO Average Compensation Actually Paid Amount $ 3,555,437 4,036,440 242,561 7,128,999 6,239,631        
Adjustment to Non-PEO NEO Compensation Footnote (4)The amounts reported in column (e) represent the average amount of “compensation actually paid” to our NEOs as a group (excluding Mr. Kreiz), as computed in accordance with Item 402(v)
of Regulation S-K. In accordance with these rules, these amounts reflect average “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown
below with respect to fiscal year 2024. Equity award values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values were
determined in a consistent manner and did not materially differ from those disclosed at the time of grant, other than for outstanding Performance Units, which uses actual performance
achievement of 46% of target for the 2022-2024 LTIP Performance Units and assumes performance achievement of 101% and 78% of target for the 2023-2025 LTIP Performance Units and
2024-2026 LTIP Performance Units, respectively.
Average Compensation Actually Paid to Non-PEO NEOs
2024
2023
2022
2021
2020
Average Summary Compensation Table Total
4,006,070
4,573,625
3,553,671
5,152,260
4,192,671
Less, average value of “Stock Awards” and “Option Awards” reported in Summary
Compensation Table
(1,912,500)
(2,794,003)
(2,575,001)
(2,643,751)
(1,830,001)
Less, average Change in Pension Value reported in Summary Compensation Table
—
—
—
—
—
Plus, average year-end fair value of outstanding and unvested equity awards granted in the
year
1,888,554
2,007,385
916,155
2,729,679
4,075,981
Plus, average fair value as of vesting date of equity awards granted and vested in the year
—
—
—
—
—
Plus (less), average year over year change in fair value of outstanding and unvested equity
awards granted in prior years
(375,644)
550,875
(1,812,180)
1,501,416
574,009
Plus (less), change in average fair value from prior year-end to vesting date of equity
awards granted in prior years that vested in the year
(51,043)
(39,557)
159,916
389,395
(398,984)
Less, prior year-end fair value for any equity awards forfeited in the year
—
(261,885)
—
—
(374,046)
Plus, average pension service cost for services rendered during the year
—
—
—
—
—
Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting
if not otherwise included in the Summary Compensation Table Total for the covered fiscal
year
—
—
—
—
—
Average Compensation Actually Paid to Non-PEO NEOs
3,555,437
4,036,440
242,561
7,128,999
6,239,631
                
Compensation Actually Paid vs. Total Shareholder Return Compensation Actually Paid, Cumulative TSR, and Peer Group TSR
3298534892921
                
Compensation Actually Paid vs. Net Income Compensation Actually Paid and Net Income
5293
                
Compensation Actually Paid vs. Company Selected Measure Compensation Actually Paid and MIP-Adjusted EBITDA Less Capital Charge
5366
                
Tabular List, Table Financial Performance Measures
As described in greater detail under “Compensation Discussion and Analysis,” the Company’s executive compensation programs
reflect a variable pay-for-performance philosophy. The metrics that the Company uses for both our short- and long-term incentives
are selected based on an objective of incentivizing our NEOs to increase the value of our enterprise for our stockholders. The most
important financial performance measures used by the Company to link executive compensation actually paid to the Company’s
NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows:
1.MIP-Adjusted EBITDA Less Capital Charge
2.MIP-Adjusted Net Sales
3.MIP-Adjusted Gross Margin
                
Total Shareholder Return Amount         129 $ 159 $ 132 $ 139 $ 131
Peer Group Total Shareholder Return Amount         133 $ 166 $ 104 $ 149 $ 194
Net Income (Loss) $ 542,000,000 $ 214,000,000 $ 394,000,000 $ 903,000,000 $ 124,000,000        
Company Selected Measure Amount 807,000,000 647,000,000 521,000,000 699,000,000 449,000,000        
PEO Name Mr. Kreiz Mr. Kreiz Mr. Kreiz Mr. Kreiz Mr. Kreiz        
Measure:: 1                  
Pay vs Performance Disclosure                  
Name MIP-Adjusted EBITDA Less Capital Charge                
Non-GAAP Measure Description (8)The amounts reported represent the amount MIP-Adjusted EBITDA Less Capital Charge, in millions. For a description of the adjustments under MIP-Adjusted EBITDA Less Capital Charge,
please see “Management Incentive Non-GAAP Financial Measures” on page 95.
                
Measure:: 2                  
Pay vs Performance Disclosure                  
Name MIP-Adjusted Net Sales                
Measure:: 3                  
Pay vs Performance Disclosure                  
Name MIP-Adjusted Gross Margin                
PEO | Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount $ (29,828,352) $ (11,412,502) $ (10,250,004) $ (9,999,997) $ (9,550,000)        
PEO | Less, Change in Pension Value reported in Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
PEO | Plus, year-end fair value of outstanding and unvested equity awards granted in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 26,941,037 15,658,508 1,652,156 10,349,756 23,292,943        
PEO | Plus, fair value as of vesting date of equity awards granted and vested in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
PEO | Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (3,097,151) 4,327,221 (10,536,425) 9,714,985 5,668,878        
PEO | Plus (less), change in fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (380,537) 3,303,515 553,375 520,211 (489,850)        
PEO | Less, prior year-end fair value for any equity awards forfeited in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
PEO | Plus, pension service cost for services rendered during the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
PEO | Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
Non-PEO NEO | Less, prior year-end fair value for any equity awards forfeited in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 (261,885) 0 0 (374,046)        
Non-PEO NEO | Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
Non-PEO NEO | Less, average value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (1,912,500) (2,794,003) (2,575,001) (2,643,751) (1,830,001)        
Non-PEO NEO | Less, average Change in Pension Value reported in Summary Compensation Table [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
Non-PEO NEO | Plus, average year-end fair value of outstanding and unvested equity awards granted in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 1,888,554 2,007,385 916,155 2,729,679 4,075,981        
Non-PEO NEO | Plus, average fair value as of vesting date of equity awards granted and vested in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount 0 0 0 0 0        
Non-PEO NEO | Plus (less), average year over year change in fair value of outstanding and unvested equity awards granted in prior years [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (375,644) 550,875 (1,812,180) 1,501,416 574,009        
Non-PEO NEO | Plus (less), change in average fair value from prior year-end to vesting date of equity awards granted in prior years that vested in the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount (51,043) (39,557) 159,916 389,395 (398,984)        
Non-PEO NEO | Plus, average pension service cost for services rendered during the year [Member]                  
Pay vs Performance Disclosure                  
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0