MOHAWK INDUSTRIES INCMHK
MOHAWK INDUSTRIES INC Segments Disclosure
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 center retailers, tile and flooring retailers and contractors. Flooring NA designs, manufactures, sources and markets its floor covering product lines, including carpets, rugs, carpet pad, laminate, resilient (includes sheet vinyl and 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, commercial contractors and commercial end users. Flooring ROW designs, manufactures, sources, licenses and markets laminate, sheet vinyl, LVT, wood flooring, roofing elements, insulation boards, medium-density fiberboard (“MDF”), chipboards and other wood products, which it distributes primarily in Europe and Australasia through various selling channels, which include retailers, Company-operated distributors, independent distributors and home centers.
The accounting policies for each operating segment are consistent with the Company’s policies for the Consolidated Financial Statements. Amounts disclosed for each segment are prior to any elimination or consolidation entries. Corporate general and administrative expenses attributable to each segment are estimated and allocated accordingly. Segment performance is evaluated based on operating income. No single customer accounted for more than 10% of net sales for the years ended December 31, 2025, 2024 or 2023.
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.
Other segment items included in the computation of segment Operating income (loss) include impairment of goodwill and indefinite-lived intangibles.
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 expenses and assets information is as follows:
| (In millions) | 2025 | 2024 | 2023 | ||||||||||||||
| Assets: | |||||||||||||||||
| Global Ceramic | $ | 5,155.0 | 4,591.0 | 4,988.3 | |||||||||||||
| Flooring NA | 3,832.6 | 3,883.4 | 3,870.8 | ||||||||||||||
| Flooring ROW | 3,989.2 | 3,594.7 | 4,051.6 | ||||||||||||||
| Corporate and intersegment eliminations | 710.5 | 667.4 | 610.0 | ||||||||||||||
| Total | $ | 13,687.3 | 12,736.5 | 13,520.7 | |||||||||||||
| Geographic net sales: | |||||||||||||||||
| United States | $ | 5,813.9 | 5,939.5 | 6,040.0 | |||||||||||||
Europe (1) | 3,366.6 | 3,194.3 | 3,381.0 | ||||||||||||||
| Latin America | 728.0 | 750.5 | 767.8 | ||||||||||||||
| Other | 876.9 | 952.6 | 946.3 | ||||||||||||||
| Total | $ | 10,785.4 | 10,836.9 | 11,135.1 | |||||||||||||
Long-lived assets: (2) | |||||||||||||||||
| United States | $ | 2,136.2 | 2,202.9 | 2,312.9 | |||||||||||||
| Belgium | 937.1 | 865.1 | 980.8 | ||||||||||||||
| Other | 2,107.4 | 1,885.9 | 2,128.0 | ||||||||||||||
| Total | $ | 5,180.7 | 4,953.9 | 5,421.7 | |||||||||||||
| Net sales by product categories: | |||||||||||||||||
| Ceramic & Stone | $ | 4,220.1 | 4,185.3 | 4,293.1 | |||||||||||||
| Carpet & Resilient | 3,734.8 | 3,866.5 | 3,955.3 | ||||||||||||||
| Laminate & Wood | 1,752.3 | 1,728.9 | 1,732.6 | ||||||||||||||
Other (3) | 1,078.2 | 1,056.2 | 1,154.1 | ||||||||||||||
| Total | $ | 10,785.4 | 10,836.9 | 11,135.1 | |||||||||||||
| Net sales: | |||||||||||||||||
| Global Ceramic | $ | 4,289.4 | 4,226.6 | 4,300.1 | |||||||||||||
| Flooring NA | 3,638.5 | 3,769.9 | 3,829.4 | ||||||||||||||
| Flooring ROW | 2,857.5 | 2,840.4 | 3,005.6 | ||||||||||||||
| Total | $ | 10,785.4 | 10,836.9 | 11,135.1 | |||||||||||||
(1) Russia revenue included in Europe.
(2) Long-lived assets are composed of property, plant and equipment - net, and ROU operating lease assets.
(3) Other includes roofing elements, insulation boards, chipboards and IP contracts.
| 2025 | 2024 | 2023 | |||||||||||||||
| Cost of Sales: | |||||||||||||||||
| Global Ceramic | $ | 3,108.6 | 3,088.1 | 3,121.0 | |||||||||||||
| Flooring NA | 2,884.3 | 2,879.1 | 3,007.7 | ||||||||||||||
| Flooring ROW | 2,218.2 | 2,182.1 | 2,300.6 | ||||||||||||||
| Total | $ | 8,211.1 | 8,149.3 | 8,429.3 | |||||||||||||
| Selling, general and administrative expenses: | |||||||||||||||||
| Global Ceramic | $ | 914.1 | 880.7 | 918.7 | |||||||||||||
| Flooring NA | 640.6 | 653.5 | 667.2 | ||||||||||||||
| Flooring ROW | 406.5 | 393.1 | 400.2 | ||||||||||||||
| Total | $ | 1,961.2 | 1,927.3 | 1,986.1 | |||||||||||||
| Other segment items: | |||||||||||||||||
| Global Ceramic | $ | — | 8.2 | 426.9 | |||||||||||||
| Flooring NA | — | — | 215.8 | ||||||||||||||
| Flooring ROW | 19.9 | — | 235.0 | ||||||||||||||
| Total | $ | 19.9 | 8.2 | 877.7 | |||||||||||||
| Operating income (loss): | |||||||||||||||||
| Global Ceramic | $ | 266.7 | 249.5 | (166.4) | |||||||||||||
| Flooring NA | 113.6 | 237.3 | (61.3) | ||||||||||||||
| Flooring ROW | 212.9 | 265.2 | 69.7 | ||||||||||||||
| Total | $ | 593.2 | 752.0 | (158.0) | |||||||||||||
| Reconciliation of segment operating income (loss) to consolidated earnings (loss) before income taxes | |||||||||||||||||
| Unallocated amounts: | |||||||||||||||||
| General Corporate expense | $ | 103.4 | 58.5 | 133.9 | |||||||||||||
| Other (income) and expense, net | 3.3 | 2.0 | (5.4) | ||||||||||||||
| Interest expense | 17.8 | 48.5 | 77.5 | ||||||||||||||
| Earnings (loss) before income taxes | $ | 468.7 | 643.0 | (364.0) | |||||||||||||
| Depreciation and amortization: | |||||||||||||||||
| Global Ceramic | $ | 253.6 | 219.4 | 213.1 | |||||||||||||
| Flooring NA | 218.6 | 224.8 | 221.1 | ||||||||||||||
| Flooring ROW | 173.7 | 186.2 | 187.5 | ||||||||||||||
| Corporate | 6.7 | 7.9 | 8.6 | ||||||||||||||
| Total | $ | 652.6 | 638.3 | 630.3 | |||||||||||||
| Capital expenditures (excluding acquisitions): | |||||||||||||||||
| Global Ceramic | $ | 170.8 | 160.2 | 249.0 | |||||||||||||
| Flooring NA | 125.8 | 165.1 | 193.9 | ||||||||||||||
| Flooring ROW | 120.3 | 122.5 | 156.8 | ||||||||||||||
| Corporate | 23.1 | 6.6 | 13.2 | ||||||||||||||
| Total | $ | 440.0 | 454.4 | 612.9 | |||||||||||||
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Feb 29, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.