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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Information
North America Automotive Segment
The following table presents a summary of our reportable North America Automotive segment financial information:
(in thousands)202520242023
Net sales$9,520,042$9,212,238$9,010,337
Cost of goods sold 5,822,4845,796,3295,729,330
Gross profit 3,697,5583,415,9093,281,007
Operating expenses 3,025,3762,700,3792,493,262
EBITDA$672,182$715,530$787,745
Gross margin (1) 38.8 %37.1 %36.4 %
Operating expenses as a percentage of net sales31.8 %29.3 %27.7 %
EBITDA margin (2) 7.1 %7.8 %8.7 %
International Automotive Segment
The following table presents a summary of our reportable International Automotive segment financial information:
(in thousands)202520242023
Net sales$5,858,566$5,556,895$5,236,446
Cost of goods sold 3,185,7113,035,3732,854,735
Gross profit 2,672,8552,521,5222,381,711
Operating expenses 2,128,6821,953,5211,830,322
EBITDA$544,173$568,001$551,389
Gross margin (1) 45.6 %45.4 %45.5 %
Operating expenses as a percentage of net sales36.3 %35.2 %35.0 %
EBITDA margin (2) 9.3 %10.2 %10.5 %
Industrial Segment
The following table presents a summary of our reportable Industrial segment financial information:
(in thousands)202520242023
Net sales$8,921,533$8,717,436$8,843,827
Cost of goods sold 6,191,1576,062,2986,210,045
Gross profit 2,730,3762,655,1382,633,782
Operating expenses 1,583,9541,552,9501,500,861
EBITDA$1,146,422$1,102,188$1,132,921
Gross margin (1)30.6 %30.5 %29.8 %
Operating expenses as a percentage of net sales17.8 %17.8 %17.0 %
EBITDA margin (2) 12.9 %12.6 %12.8 %
(1)Gross margin is gross profit as a percentage of net sales.
(2)EBITDA margin is EBITDA as a percentage of net sales.
Additional Information
The following table presents a reconciliation from EBITDA to net income:
(in thousands)202520242023
Segment EBITDA
North America Automotive$672,182 $715,530 $787,745 
International Automotive544,173 568,001 551,389 
Industrial1,146,422 1,102,188 1,132,921 
Corporate EBITDA (1)(357,175)(389,217)(314,709)
Interest expense, net(163,506)(96,827)(64,469)
Depreciation and amortization(538,023)(407,978)(350,529)
Other unallocated costs(1,251,905)(315,729)— 
Income before income taxes52,168 1,175,968 1,742,348 
Income tax benefit (expense)13,777 (271,892)(425,824)
Net Income $65,945 $904,076 $1,316,524 
(1)Corporate EBITDA consists of costs related to our corporate headquarters' broad support to our business units and other costs that are managed centrally and not allocated to business segments. These include personnel and other costs for company-wide functions such as executive leadership, human resources, technology, cybersecurity, legal, corporate finance, internal audit, and risk management, as well as asbestos-related product liability costs and A/R Sales Agreement fees.
The following table presents a summary of the other unallocated costs:
(in thousands)202520242023
Other unallocated costs:
Restructuring and other costs (2)$(253,961)$(221,007)$— 
Acquisition and integration related costs and other (3)(14,035)(33,126)— 
Inventory rebranding strategic initiative (4)— (61,596)— 
Asbestos-related product liability (5)(103,352)— — 
Pension settlement (6)(741,967)— — 
First Brands credit loss allowance (7)(150,500)— — 
Retirement obligation and other (8)11,910 — — 
Total other unallocated costs$(1,251,905)$(315,729)$— 
(2)Amount reflects costs related to the global restructuring initiative which includes a voluntary retirement offer in the U.S. in 2024, and rationalization and optimization of certain distribution centers, stores and other facilities.
(3)Amount primarily reflects lease and other exit costs related to the ongoing integration of acquired independent automotive stores.
(4)Amount reflects a charge to write down certain existing inventory associated with a new global rebranding and relaunch of a key tool and equipment offering. The existing inventory that will be liquidated is comprised of otherwise saleable inventory, and the liquidation does not arise from our normal, recurring operational activities.
(5)Amount reflects a remeasurement of our asbestos-related product liability for a revised estimate of the number of claims to be incurred in future periods based on adverse current year changes in the claims environment, among other assumptions.
(6)Amount reflects a pension charge related to the settlement of our U.S. qualified defined benefit plan (U.S. pension plan).
(7)Amount reflects a charge for expected credit losses on volume purchase rebates and other amounts due from First Brands, a key automotive parts supplier who filed for Chapter 11 bankruptcy.
(8)Amount reflects certain nonroutine charges recorded during the quarter ended December 31, 2025, including a charge related to certain asset retirement obligations.
The following table presents a summary of our reportable segment total assets:
(in thousands)20252024
Assets:
North America Automotive$7,838,732 $7,215,963 
International Automotive4,022,330 3,627,766 
Industrial2,729,639 2,765,504 
Corporate1,160,311 977,171 
Goodwill and other intangible assets5,044,528 4,696,301 
Total assets$20,795,540 $19,282,705 
The following table presents a summary of select financial information by reportable segment:
(in thousands)202520242023
Depreciation and amortization:
North America Automotive$136,384 $104,601 $82,704 
International Automotive120,451 101,935 80,813 
Industrial42,060 34,818 30,082 
Corporate86,697 23,630 9,752 
Intangible asset amortization152,431 142,994 147,178 
Total depreciation and amortization$538,023 $407,978 $350,529 
Capital expenditures:
North America Automotive$130,094 $129,899 $77,295 
International Automotive156,853 181,805 202,648 
Industrial44,734 76,730 53,823 
Corporate138,158 178,905 178,909 
Total capital expenditures$469,839 $567,339 $512,675 
Net sales:
United States$15,788,840 $15,318,989 $15,247,740 
Europe4,010,876 3,839,134 3,611,453 
Canada2,022,110 1,982,719 2,011,343 
Australasia2,377,182 2,258,729 2,149,376 
Mexico101,133 86,998 70,698 
Total net sales$24,300,141 $23,486,569 $23,090,610 
Net property, plant and equipment:
United States$1,254,960 $1,161,136 $935,583 
Europe423,976 384,161 339,330 
Canada238,360 189,978 147,404 
Australasia253,670 214,677 193,638 
Mexico1,174 808 830 
Total net property, plant and equipment$2,172,140 $1,950,760 $1,616,785 
Schedule of Revenue from External Customers by Geographic Areas The following table presents disaggregated geographical net sales from contracts with customers by reportable segment:
(in thousands)202520242023
North America:
Automotive$9,520,042 $9,212,238 $9,010,337 
Industrial8,392,041 8,176,468 8,319,444 
Total North America $17,912,083 $17,388,706 $17,329,781 
Australasia:
Automotive$1,847,690 $1,717,761 $1,624,993 
Industrial529,492 540,968 524,383 
Total Australasia$2,377,182 $2,258,729 $2,149,376 
Europe - Automotive$4,010,876 $3,839,134 $3,611,453 
Total net sales$24,300,141 $23,486,569 $23,090,610