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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 570,933 $ 509,623
Short-term investments 0 158,000
Receivables, net 2,087,071 1,904,786
Inventories 2,618,711 2,793,765
Prepaid expenses 552,162 498,222
Other current assets 22,451 30,703
Total current assets 5,851,328 5,895,099
Property, plant and equipment 10,136,971 9,647,779
Less: accumulated depreciation 5,179,746 4,986,601
Property, plant and equipment, net 4,957,225 4,661,178
Right of use operating lease assets 400,419 387,816
Goodwill 2,031,034 1,927,759
Tradenames 708,243 668,328
Other intangible assets subject to amortization, net 179,686 189,620
Deferred income taxes and other non-current assets 457,228 390,632
Total assets 14,585,163 14,120,432
Current liabilities:    
Short-term debt and current portion of long-term debt 1,038,032 840,571
Accounts payable and accrued expenses 2,143,807 2,124,448
Current operating lease liabilities 106,102 105,266
Total current liabilities 3,287,941 3,070,285
Deferred income taxes 405,159 444,660
Long-term debt, less current portion 2,013,327 1,978,563
Non-current operating lease liabilities 310,612 296,136
Other long-term liabilities 356,104 312,874
Total liabilities 6,373,143 6,102,518
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $.01 par value; 60 shares authorized; no shares issued 0 0
Common stock, $.01 par value; 150,000 shares authorized; 71,018 and 70,875 shares issued and outstanding in 2023 and 2022, respectively 710 709
Additional paid-in capital 1,937,320 1,930,789
Retained earnings 7,591,215 7,409,760
Accumulated other comprehensive loss (1,107,742) (1,114,258)
Less: treasury stock at cost; 7,338 and 7,341 shares in 2023 and 2022, respectively 215,397 215,491
Total Mohawk Industries, Inc. stockholders’ equity 8,206,106 8,011,509
Nonredeemable noncontrolling interests 5,914 6,405
Total stockholders’ equity 8,212,020 8,017,914
Total liabilities and stockholders’ equity $ 14,585,163 $ 14,120,432