Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Computations of Basic and Diluted Earnings Per Share

Computations of basic and diluted earnings (loss) per share are presented for the years ended December 31, 2024, 2023 and 2022, respectively, in the following table:


(In millions, except per share data)	2024		2023	2022


Net earnings (loss) available to common stockholders	$	517.7	(439.5)	25.3

Weighted-average common shares outstanding—basic and diluted:
Weighted-average common shares outstanding—basic	63.3		63.7	63.8
Add dilutive potential common shares—RSUs(1)	0.3		—	0.3
Weighted-average common shares outstanding—diluted	63.6		63.7	64.1

Earnings (loss) per share attributable to Mohawk Industries, Inc.
Basic	$	8.18	(6.90)	0.40
Diluted	$	8.14	(6.90)	0.39

(1) There were no common stock options outstanding. Unvested RSUs were anti-dilutive in 2023 because the Company had a net loss; thus, 0.2 million shares of common stock equivalents for the year ended December 31, 2023 were omitted from the calculation of diluted weighted-average common shares outstanding. There were no unvested RSUs that were excluded from the diluted EPS computation for 2024 and 2022.

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component, net of tax, for the years ended December 31, 2024, 2023 and 2022 are as follows:


(In millions)	Foreign Currency Translation Adjustments		Prior Pension and Post-Retirement Benefit Service Cost and Actuarial Gain (Loss)	Total
Balance as of December 31, 2021	$	(959.2)	(7.8)	(967.0)
Other comprehensive income (loss) for the period	(155.4)		8.1	(147.3)

Balance as of December 31, 2022	(1,114.6)		0.3	(1,114.3)
Other comprehensive income (loss) for the period	35.3		(1.0)	34.3

Balance as of December 31, 2023	(1,079.3)		(0.7)	(1,080.0)
Current period other comprehensive income (loss)	(447.9)		—	(447.9)

Balance as of December 31, 2024	$	(1,527.2)	(0.7)	(1,527.9)