context stringlengths 21 33.9k | category stringclasses 2
values | entity stringlengths 1 12 | entity_type stringclasses 5
values | query stringlengths 97 3.31k | answer stringlengths 12 169 |
|---|---|---|---|---|---|
The Back River royalties have been accounted for as an asset acquisition and the $ 51 million cash consideration, plus direct transaction costs, have been allocated to development ($ 42 million) and exploration ($ 9 million) stage royalty interests within | text | 51 | monetaryItemType | text: <entity> 51 </entity> <entity type> monetaryItemType </entity type> <context> The Back River royalties have been accounted for as an asset acquisition and the $ 51 million cash consideration, plus direct transaction costs, have been allocated to development ($ 42 million) and exploration ($ 9 million) stage royalty interests within </context> | us-gaap:AssetAcquisitionConsiderationTransferred |
The Back River royalties have been accounted for as an asset acquisition and the $ 51 million cash consideration, plus direct transaction costs, have been allocated to development ($ 42 million) and exploration ($ 9 million) stage royalty interests within | text | 42 | monetaryItemType | text: <entity> 42 </entity> <entity type> monetaryItemType </entity type> <context> The Back River royalties have been accounted for as an asset acquisition and the $ 51 million cash consideration, plus direct transaction costs, have been allocated to development ($ 42 million) and exploration ($ 9 million) stage royalty interests within </context> | us-gaap:AssetAcquisitionConsiderationTransferredTransactionCost |
The Back River royalties have been accounted for as an asset acquisition and the $ 51 million cash consideration, plus direct transaction costs, have been allocated to development ($ 42 million) and exploration ($ 9 million) stage royalty interests within | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> The Back River royalties have been accounted for as an asset acquisition and the $ 51 million cash consideration, plus direct transaction costs, have been allocated to development ($ 42 million) and exploration ($ 9 million) stage royalty interests within </context> | us-gaap:AssetAcquisitionConsiderationTransferredTransactionCost |
Debt issuance costs of $ 3.1 million are included within Other assets on our consolidated balance sheets. | text | 3.1 | monetaryItemType | text: <entity> 3.1 </entity> <entity type> monetaryItemType </entity type> <context> Debt issuance costs of $ 3.1 million are included within Other assets on our consolidated balance sheets. </context> | us-gaap:UnamortizedDebtIssuanceExpense |
During the year ended December 31, 2024, we repaid the remaining $ 250 million of outstanding borrowings on our revolving credit facility, making the entire $ 1 billion revolving credit facility available as of December 31, 2024. | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we repaid the remaining $ 250 million of outstanding borrowings on our revolving credit facility, making the entire $ 1 billion revolving credit facility available as of December 31, 2024. </context> | us-gaap:RepaymentsOfLongTermDebt |
During the year ended December 31, 2024, we repaid the remaining $ 250 million of outstanding borrowings on our revolving credit facility, making the entire $ 1 billion revolving credit facility available as of December 31, 2024. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, we repaid the remaining $ 250 million of outstanding borrowings on our revolving credit facility, making the entire $ 1 billion revolving credit facility available as of December 31, 2024. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
Interest expense recognized on the revolving credit facility for the years ended December 31, 2024, 2023, and 2022 was approximately $ 6.3 million, $ 28.4 million, and $ 10.0 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of December 31, 2024. | text | 6.3 | monetaryItemType | text: <entity> 6.3 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense recognized on the revolving credit facility for the years ended December 31, 2024, 2023, and 2022 was approximately $ 6.3 million, $ 28.4 million, and $ 10.0 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of December 31, 2024. </context> | us-gaap:InterestExpenseDebt |
Interest expense recognized on the revolving credit facility for the years ended December 31, 2024, 2023, and 2022 was approximately $ 6.3 million, $ 28.4 million, and $ 10.0 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of December 31, 2024. | text | 28.4 | monetaryItemType | text: <entity> 28.4 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense recognized on the revolving credit facility for the years ended December 31, 2024, 2023, and 2022 was approximately $ 6.3 million, $ 28.4 million, and $ 10.0 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of December 31, 2024. </context> | us-gaap:InterestExpenseDebt |
Interest expense recognized on the revolving credit facility for the years ended December 31, 2024, 2023, and 2022 was approximately $ 6.3 million, $ 28.4 million, and $ 10.0 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of December 31, 2024. | text | 10.0 | monetaryItemType | text: <entity> 10.0 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense recognized on the revolving credit facility for the years ended December 31, 2024, 2023, and 2022 was approximately $ 6.3 million, $ 28.4 million, and $ 10.0 million, respectively, and included interest on the outstanding borrowings and the amortization of the debt issuance costs. We were in compliance with each financial covenant (leverage ratio and interest coverage ratio) under the revolving credit facility as of December 31, 2024. </context> | us-gaap:InterestExpenseDebt |
On February 13, 2024, RGLD Gold AG, a subsidiary of the Company, entered into a Processing Cost Support Agreement (the "Mount Milligan Cost Support Agreement") with Centerra Gold Inc. ("Centerra") with respect to the Mount Milligan Mine ("Mount Milligan") for cash consideration of $ 24.5 million, 50,000 ounces ("Deferred Gold Consideration") of gold to be delivered in the future and a free cash flow interest. The cost support allowed for the extension of the mine from 2032 to 2035 and the potential to extend the mine life beyond 2035. | text | 24.5 | monetaryItemType | text: <entity> 24.5 </entity> <entity type> monetaryItemType </entity type> <context> On February 13, 2024, RGLD Gold AG, a subsidiary of the Company, entered into a Processing Cost Support Agreement (the "Mount Milligan Cost Support Agreement") with Centerra Gold Inc. ("Centerra") with respect to the Mount Milligan Mine ("Mount Milligan") for cash consideration of $ 24.5 million, 50,000 ounces ("Deferred Gold Consideration") of gold to be delivered in the future and a free cash flow interest. The cost support allowed for the extension of the mine from 2032 to 2035 and the potential to extend the mine life beyond 2035. </context> | us-gaap:ContractWithCustomerLiabilityNoncurrent |
We have identified two material revenue sources in our business: stream interests and royalty interests. These identified revenue sources are consistent with our reportable segments as discussed in Note | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> We have identified two material revenue sources in our business: stream interests and royalty interests. These identified revenue sources are consistent with our reportable segments as discussed in Note </context> | us-gaap:NumberOfReportableSegments |
In November 2015, our stockholders approved the 2015 Omnibus Long-Term Incentive Plan (“2015 LTIP”). Under the 2015 LTIP, 2,500,000 shares of common stock have been authorized for future grants to officers, directors, key employees and other persons. The 2015 LTIP provides for the grant of stock options, unrestricted stock, restricted stock, dividend | text | 2500000 | sharesItemType | text: <entity> 2500000 </entity> <entity type> sharesItemType </entity type> <context> In November 2015, our stockholders approved the 2015 Omnibus Long-Term Incentive Plan (“2015 LTIP”). Under the 2015 LTIP, 2,500,000 shares of common stock have been authorized for future grants to officers, directors, key employees and other persons. The 2015 LTIP provides for the grant of stock options, unrestricted stock, restricted stock, dividend </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
The total intrinsic value of options exercised during the years ended December 31, 2024, and 2023, and 2022 was $ 0.2 million, $ 0.5 million and $ 0.2 million, respectively. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, and 2023, and 2022 was $ 0.2 million, $ 0.5 million and $ 0.2 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The total intrinsic value of options exercised during the years ended December 31, 2024, and 2023, and 2022 was $ 0.2 million, $ 0.5 million and $ 0.2 million, respectively. | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of options exercised during the years ended December 31, 2024, and 2023, and 2022 was $ 0.2 million, $ 0.5 million and $ 0.2 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
As of December 31, 2024, there was no unrecognized stock-based compensation expense related to unvested stock options. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there was no unrecognized stock-based compensation expense related to unvested stock options. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The total intrinsic value of SSARs exercised during the years ended December 31, 2024, 2023 and 2022 was $ 1.4 million, $ 0.7 million and $ 0.2 million, respectively. | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of SSARs exercised during the years ended December 31, 2024, 2023 and 2022 was $ 1.4 million, $ 0.7 million and $ 0.2 million, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The total intrinsic value of SSARs exercised during the years ended December 31, 2024, 2023 and 2022 was $ 1.4 million, $ 0.7 million and $ 0.2 million, respectively. | text | 0.7 | monetaryItemType | text: <entity> 0.7 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of SSARs exercised during the years ended December 31, 2024, 2023 and 2022 was $ 1.4 million, $ 0.7 million and $ 0.2 million, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The total intrinsic value of SSARs exercised during the years ended December 31, 2024, 2023 and 2022 was $ 1.4 million, $ 0.7 million and $ 0.2 million, respectively. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of SSARs exercised during the years ended December 31, 2024, 2023 and 2022 was $ 1.4 million, $ 0.7 million and $ 0.2 million, respectively. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
As of December 31, 2024, there was no unrecognized stock-based compensation expense related to unvested SSARs. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, there was no unrecognized stock-based compensation expense related to unvested SSARs. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
As of December 31, 2024, total unrecognized stock-based compensation expense related to Performance Shares was approximately $ 5.2 million, which is expected to be recognized over the average remaining vesting period of 1.7 years. | text | 5.2 | monetaryItemType | text: <entity> 5.2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, total unrecognized stock-based compensation expense related to Performance Shares was approximately $ 5.2 million, which is expected to be recognized over the average remaining vesting period of 1.7 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
Officers, non-executive directors and certain employees may be granted shares of restricted stock that vest on continued service alone (“Restricted Stock”). During the year ended December 31, 2024, officers and certain employees were granted 57,330 shares of Restricted Stock. Restricted Stock granted to officers and certain employees during the years ended December 31, 2024, 2023 and 2022, vest ratably over three years from the date of grant. Also, our non-executive directors were granted 8,520 shares of Restricted Stock during the year ended December 31, 2024. The non-executive directors’ shares of Restricted Stock vest 50 % immediately and 50 % one year after the date of grant. | text | 57330 | sharesItemType | text: <entity> 57330 </entity> <entity type> sharesItemType </entity type> <context> Officers, non-executive directors and certain employees may be granted shares of restricted stock that vest on continued service alone (“Restricted Stock”). During the year ended December 31, 2024, officers and certain employees were granted 57,330 shares of Restricted Stock. Restricted Stock granted to officers and certain employees during the years ended December 31, 2024, 2023 and 2022, vest ratably over three years from the date of grant. Also, our non-executive directors were granted 8,520 shares of Restricted Stock during the year ended December 31, 2024. The non-executive directors’ shares of Restricted Stock vest 50 % immediately and 50 % one year after the date of grant. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Officers, non-executive directors and certain employees may be granted shares of restricted stock that vest on continued service alone (“Restricted Stock”). During the year ended December 31, 2024, officers and certain employees were granted 57,330 shares of Restricted Stock. Restricted Stock granted to officers and certain employees during the years ended December 31, 2024, 2023 and 2022, vest ratably over three years from the date of grant. Also, our non-executive directors were granted 8,520 shares of Restricted Stock during the year ended December 31, 2024. The non-executive directors’ shares of Restricted Stock vest 50 % immediately and 50 % one year after the date of grant. | text | 8520 | sharesItemType | text: <entity> 8520 </entity> <entity type> sharesItemType </entity type> <context> Officers, non-executive directors and certain employees may be granted shares of restricted stock that vest on continued service alone (“Restricted Stock”). During the year ended December 31, 2024, officers and certain employees were granted 57,330 shares of Restricted Stock. Restricted Stock granted to officers and certain employees during the years ended December 31, 2024, 2023 and 2022, vest ratably over three years from the date of grant. Also, our non-executive directors were granted 8,520 shares of Restricted Stock during the year ended December 31, 2024. The non-executive directors’ shares of Restricted Stock vest 50 % immediately and 50 % one year after the date of grant. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
Officers, non-executive directors and certain employees may be granted shares of restricted stock that vest on continued service alone (“Restricted Stock”). During the year ended December 31, 2024, officers and certain employees were granted 57,330 shares of Restricted Stock. Restricted Stock granted to officers and certain employees during the years ended December 31, 2024, 2023 and 2022, vest ratably over three years from the date of grant. Also, our non-executive directors were granted 8,520 shares of Restricted Stock during the year ended December 31, 2024. The non-executive directors’ shares of Restricted Stock vest 50 % immediately and 50 % one year after the date of grant. | text | 50 | percentItemType | text: <entity> 50 </entity> <entity type> percentItemType </entity type> <context> Officers, non-executive directors and certain employees may be granted shares of restricted stock that vest on continued service alone (“Restricted Stock”). During the year ended December 31, 2024, officers and certain employees were granted 57,330 shares of Restricted Stock. Restricted Stock granted to officers and certain employees during the years ended December 31, 2024, 2023 and 2022, vest ratably over three years from the date of grant. Also, our non-executive directors were granted 8,520 shares of Restricted Stock during the year ended December 31, 2024. The non-executive directors’ shares of Restricted Stock vest 50 % immediately and 50 % one year after the date of grant. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage |
As of December 31, 2024, total unrecognized stock-based compensation expense related to Restricted Stock was approximately $ 6.6 million, which is expected to be recognized over the weighted-average vesting period of 1.7 years. | text | 6.6 | monetaryItemType | text: <entity> 6.6 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, total unrecognized stock-based compensation expense related to Restricted Stock was approximately $ 6.6 million, which is expected to be recognized over the weighted-average vesting period of 1.7 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. | text | 22 | percentItemType | text: <entity> 22 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. | text | 13.0 | monetaryItemType | text: <entity> 13.0 </entity> <entity type> monetaryItemType </entity type> <context> The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationGiltiAmount |
The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. | text | 14.9 | percentItemType | text: <entity> 14.9 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. | text | 12.1 | percentItemType | text: <entity> 12.1 </entity> <entity type> percentItemType </entity type> <context> The effective tax rate for the year ended December 31, 2024, was 22 % which included a $ 13.0 million U.S. GILTI income tax expense related to the consideration from the Mount Milligan Cost Support Agreement. The effective tax rates for the years ended December 31, 2023 and 2022, were 14.9 % and 12.1 %, respectively, which included income tax benefits attributable to the release of a valuation allowance on certain foreign deferred tax assets. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
We review the measurement of our deferred tax assets at each balance sheet date. Considering all available positive and negative evidence, including but not limited to recent earnings history and forecasted future results, the Company believes it is more likely-than-not that all net deferred tax assets not currently burdened with a valuation allowance will be fully realized. As of December 31, 2024 and 2023, we recorded a valuation allowance of $ 44.7 million and $ 40.8 million, respectively. The valuation allowance remaining at December 31, 2024 is attributable to US foreign tax credits of | text | 44.7 | monetaryItemType | text: <entity> 44.7 </entity> <entity type> monetaryItemType </entity type> <context> We review the measurement of our deferred tax assets at each balance sheet date. Considering all available positive and negative evidence, including but not limited to recent earnings history and forecasted future results, the Company believes it is more likely-than-not that all net deferred tax assets not currently burdened with a valuation allowance will be fully realized. As of December 31, 2024 and 2023, we recorded a valuation allowance of $ 44.7 million and $ 40.8 million, respectively. The valuation allowance remaining at December 31, 2024 is attributable to US foreign tax credits of </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
We review the measurement of our deferred tax assets at each balance sheet date. Considering all available positive and negative evidence, including but not limited to recent earnings history and forecasted future results, the Company believes it is more likely-than-not that all net deferred tax assets not currently burdened with a valuation allowance will be fully realized. As of December 31, 2024 and 2023, we recorded a valuation allowance of $ 44.7 million and $ 40.8 million, respectively. The valuation allowance remaining at December 31, 2024 is attributable to US foreign tax credits of | text | 40.8 | monetaryItemType | text: <entity> 40.8 </entity> <entity type> monetaryItemType </entity type> <context> We review the measurement of our deferred tax assets at each balance sheet date. Considering all available positive and negative evidence, including but not limited to recent earnings history and forecasted future results, the Company believes it is more likely-than-not that all net deferred tax assets not currently burdened with a valuation allowance will be fully realized. As of December 31, 2024 and 2023, we recorded a valuation allowance of $ 44.7 million and $ 40.8 million, respectively. The valuation allowance remaining at December 31, 2024 is attributable to US foreign tax credits of </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
$ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. | text | 39.7 | monetaryItemType | text: <entity> 39.7 </entity> <entity type> monetaryItemType </entity type> <context> $ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
$ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. | text | 1.9 | monetaryItemType | text: <entity> 1.9 </entity> <entity type> monetaryItemType </entity type> <context> $ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
$ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. | text | 2.2 | monetaryItemType | text: <entity> 2.2 </entity> <entity type> monetaryItemType </entity type> <context> $ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
$ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. | text | 0.9 | monetaryItemType | text: <entity> 0.9 </entity> <entity type> monetaryItemType </entity type> <context> $ 39.7 million and capital losses of $ 1.9 million, net operating losses of $ 2.2 million, and other tax attribute carryforwards of $ 0.9 million in non-US subsidiaries. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 31, 2024 and 2023, we had $ 5.9 million and $ 4.7 million of net operating loss carryforwards offset by a valuation allowance of $ 2.2 million and $ 1.7 million, respectively. The majority of the tax loss carryforwards are in jurisdictions that allow a twenty-year carry-forward period. These losses do not begin to expire until the 2038 tax year, and the Company anticipates utilizing $ 3.7 million of the net operating loss carryforwards as of December 31, 2024. | text | 5.9 | monetaryItemType | text: <entity> 5.9 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had $ 5.9 million and $ 4.7 million of net operating loss carryforwards offset by a valuation allowance of $ 2.2 million and $ 1.7 million, respectively. The majority of the tax loss carryforwards are in jurisdictions that allow a twenty-year carry-forward period. These losses do not begin to expire until the 2038 tax year, and the Company anticipates utilizing $ 3.7 million of the net operating loss carryforwards as of December 31, 2024. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
As of December 31, 2024 and 2023, we had $ 5.9 million and $ 4.7 million of net operating loss carryforwards offset by a valuation allowance of $ 2.2 million and $ 1.7 million, respectively. The majority of the tax loss carryforwards are in jurisdictions that allow a twenty-year carry-forward period. These losses do not begin to expire until the 2038 tax year, and the Company anticipates utilizing $ 3.7 million of the net operating loss carryforwards as of December 31, 2024. | text | 4.7 | monetaryItemType | text: <entity> 4.7 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had $ 5.9 million and $ 4.7 million of net operating loss carryforwards offset by a valuation allowance of $ 2.2 million and $ 1.7 million, respectively. The majority of the tax loss carryforwards are in jurisdictions that allow a twenty-year carry-forward period. These losses do not begin to expire until the 2038 tax year, and the Company anticipates utilizing $ 3.7 million of the net operating loss carryforwards as of December 31, 2024. </context> | us-gaap:DeferredTaxAssetsOperatingLossCarryforwards |
As of December 31, 2024 and 2023, we had $ 5.9 million and $ 4.7 million of net operating loss carryforwards offset by a valuation allowance of $ 2.2 million and $ 1.7 million, respectively. The majority of the tax loss carryforwards are in jurisdictions that allow a twenty-year carry-forward period. These losses do not begin to expire until the 2038 tax year, and the Company anticipates utilizing $ 3.7 million of the net operating loss carryforwards as of December 31, 2024. | text | 3.7 | monetaryItemType | text: <entity> 3.7 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024 and 2023, we had $ 5.9 million and $ 4.7 million of net operating loss carryforwards offset by a valuation allowance of $ 2.2 million and $ 1.7 million, respectively. The majority of the tax loss carryforwards are in jurisdictions that allow a twenty-year carry-forward period. These losses do not begin to expire until the 2038 tax year, and the Company anticipates utilizing $ 3.7 million of the net operating loss carryforwards as of December 31, 2024. </context> | us-gaap:OperatingLossCarryforwards |
We manage our business under two reportable segments, consisting of the acquisition and management of stream interests and the acquisition and management of royalty interests. Our President and Chief Executive Officer serves as our Chief Operating Decision Maker ("CODM") and is responsible for reviewing segment performance and making decisions regarding resource allocation. In addition to revenue, our CODM regularly reviews cost of sales, production taxes and depletion for each of our reportable segments. Royal Gold’s long-lived assets (stream and royalty interests, net) as of December 31, 2024 and 2023 are geographically distributed as shown in the following table (amounts in thousands): | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> We manage our business under two reportable segments, consisting of the acquisition and management of stream interests and the acquisition and management of royalty interests. Our President and Chief Executive Officer serves as our Chief Operating Decision Maker ("CODM") and is responsible for reviewing segment performance and making decisions regarding resource allocation. In addition to revenue, our CODM regularly reviews cost of sales, production taxes and depletion for each of our reportable segments. Royal Gold’s long-lived assets (stream and royalty interests, net) as of December 31, 2024 and 2023 are geographically distributed as shown in the following table (amounts in thousands): </context> | us-gaap:NumberOfReportableSegments |
As of December 31, 2024, our conditional funding schedule of $ 163.75 million, as part of the Ilovica gold stream acquisition entered into in October 2014, remains subject to certain conditions. | text | 163.75 | monetaryItemType | text: <entity> 163.75 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, our conditional funding schedule of $ 163.75 million, as part of the Ilovica gold stream acquisition entered into in October 2014, remains subject to certain conditions. </context> | us-gaap:AssetAcquisitionConsiderationTransferredContingentConsideration |
The Company's operations are organized and managed based on similar product offerings and end markets, and are reported to senior management as the following seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. | text | seven | integerItemType | text: <entity> seven </entity> <entity type> integerItemType </entity type> <context> The Company's operations are organized and managed based on similar product offerings and end markets, and are reported to senior management as the following seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. </context> | us-gaap:NumberOfOperatingSegments |
— Operating revenue is recognized at the time a good or service is transferred to a customer and the customer obtains control of that good or receives the service performed. The Company's sales arrangements with customers are predominantly short-term in nature involving a single performance obligation related to the delivery of products and generally provide for transfer of control at the time of shipment. In limited circumstances, there may be significant obligations to the customer that are unfulfilled at the time of shipment, typically involving installation of equipment and customer acceptance. In these circumstances, operating revenue may be deferred until all significant obligations have been completed. In other limited arrangements, the Company may recognize revenue over time. This may include arrangements for service performed over time where operating revenue is recognized over time as the service is provided to the customer. It may also include the sale of highly specialized systems that have a high degree of customization and installation at the customer site, which are recognized over time if the product does not have an alternative use and the Company has an enforceable right to payment for work performed to date. Operating revenue for transactions meeting these criteria is recognized over time as work is performed based on the costs incurred to date relative to the total estimated costs at completion. The amount of operating revenue recorded reflects the consideration to which the Company expects to be entitled in exchange for goods or services and may include adjustments for customer allowances and rebates. Customer allowances and rebates consist primarily of volume discounts and other short-term incentive programs, which are estimated at the time of sale based on historical experience and anticipated trends. Shipping and handling charges billed to customers are included in operating revenue and are recognized along with the related product revenue as they are considered a fulfillment cost. Sales commissions are expensed when incurred, which is generally at the time of revenue recognition. Contract liabilities associated with sales arrangements primarily relate to deferred revenue on equipment sales and prepaid service contracts. Total deferred revenue and customer deposits were $ 360 million and $ 395 million as of December 31, 2024 and 2023, respectively, and are short-term in nature. Refer to Note 4. Operating Revenue for additional information regarding the Company's operating revenue. | text | 360 | monetaryItemType | text: <entity> 360 </entity> <entity type> monetaryItemType </entity type> <context> — Operating revenue is recognized at the time a good or service is transferred to a customer and the customer obtains control of that good or receives the service performed. The Company's sales arrangements with customers are predominantly short-term in nature involving a single performance obligation related to the delivery of products and generally provide for transfer of control at the time of shipment. In limited circumstances, there may be significant obligations to the customer that are unfulfilled at the time of shipment, typically involving installation of equipment and customer acceptance. In these circumstances, operating revenue may be deferred until all significant obligations have been completed. In other limited arrangements, the Company may recognize revenue over time. This may include arrangements for service performed over time where operating revenue is recognized over time as the service is provided to the customer. It may also include the sale of highly specialized systems that have a high degree of customization and installation at the customer site, which are recognized over time if the product does not have an alternative use and the Company has an enforceable right to payment for work performed to date. Operating revenue for transactions meeting these criteria is recognized over time as work is performed based on the costs incurred to date relative to the total estimated costs at completion. The amount of operating revenue recorded reflects the consideration to which the Company expects to be entitled in exchange for goods or services and may include adjustments for customer allowances and rebates. Customer allowances and rebates consist primarily of volume discounts and other short-term incentive programs, which are estimated at the time of sale based on historical experience and anticipated trends. Shipping and handling charges billed to customers are included in operating revenue and are recognized along with the related product revenue as they are considered a fulfillment cost. Sales commissions are expensed when incurred, which is generally at the time of revenue recognition. Contract liabilities associated with sales arrangements primarily relate to deferred revenue on equipment sales and prepaid service contracts. Total deferred revenue and customer deposits were $ 360 million and $ 395 million as of December 31, 2024 and 2023, respectively, and are short-term in nature. Refer to Note 4. Operating Revenue for additional information regarding the Company's operating revenue. </context> | us-gaap:ContractWithCustomerLiability |
— Operating revenue is recognized at the time a good or service is transferred to a customer and the customer obtains control of that good or receives the service performed. The Company's sales arrangements with customers are predominantly short-term in nature involving a single performance obligation related to the delivery of products and generally provide for transfer of control at the time of shipment. In limited circumstances, there may be significant obligations to the customer that are unfulfilled at the time of shipment, typically involving installation of equipment and customer acceptance. In these circumstances, operating revenue may be deferred until all significant obligations have been completed. In other limited arrangements, the Company may recognize revenue over time. This may include arrangements for service performed over time where operating revenue is recognized over time as the service is provided to the customer. It may also include the sale of highly specialized systems that have a high degree of customization and installation at the customer site, which are recognized over time if the product does not have an alternative use and the Company has an enforceable right to payment for work performed to date. Operating revenue for transactions meeting these criteria is recognized over time as work is performed based on the costs incurred to date relative to the total estimated costs at completion. The amount of operating revenue recorded reflects the consideration to which the Company expects to be entitled in exchange for goods or services and may include adjustments for customer allowances and rebates. Customer allowances and rebates consist primarily of volume discounts and other short-term incentive programs, which are estimated at the time of sale based on historical experience and anticipated trends. Shipping and handling charges billed to customers are included in operating revenue and are recognized along with the related product revenue as they are considered a fulfillment cost. Sales commissions are expensed when incurred, which is generally at the time of revenue recognition. Contract liabilities associated with sales arrangements primarily relate to deferred revenue on equipment sales and prepaid service contracts. Total deferred revenue and customer deposits were $ 360 million and $ 395 million as of December 31, 2024 and 2023, respectively, and are short-term in nature. Refer to Note 4. Operating Revenue for additional information regarding the Company's operating revenue. | text | 395 | monetaryItemType | text: <entity> 395 </entity> <entity type> monetaryItemType </entity type> <context> — Operating revenue is recognized at the time a good or service is transferred to a customer and the customer obtains control of that good or receives the service performed. The Company's sales arrangements with customers are predominantly short-term in nature involving a single performance obligation related to the delivery of products and generally provide for transfer of control at the time of shipment. In limited circumstances, there may be significant obligations to the customer that are unfulfilled at the time of shipment, typically involving installation of equipment and customer acceptance. In these circumstances, operating revenue may be deferred until all significant obligations have been completed. In other limited arrangements, the Company may recognize revenue over time. This may include arrangements for service performed over time where operating revenue is recognized over time as the service is provided to the customer. It may also include the sale of highly specialized systems that have a high degree of customization and installation at the customer site, which are recognized over time if the product does not have an alternative use and the Company has an enforceable right to payment for work performed to date. Operating revenue for transactions meeting these criteria is recognized over time as work is performed based on the costs incurred to date relative to the total estimated costs at completion. The amount of operating revenue recorded reflects the consideration to which the Company expects to be entitled in exchange for goods or services and may include adjustments for customer allowances and rebates. Customer allowances and rebates consist primarily of volume discounts and other short-term incentive programs, which are estimated at the time of sale based on historical experience and anticipated trends. Shipping and handling charges billed to customers are included in operating revenue and are recognized along with the related product revenue as they are considered a fulfillment cost. Sales commissions are expensed when incurred, which is generally at the time of revenue recognition. Contract liabilities associated with sales arrangements primarily relate to deferred revenue on equipment sales and prepaid service contracts. Total deferred revenue and customer deposits were $ 360 million and $ 395 million as of December 31, 2024 and 2023, respectively, and are short-term in nature. Refer to Note 4. Operating Revenue for additional information regarding the Company's operating revenue. </context> | us-gaap:ContractWithCustomerLiability |
— Research and development expenses are recorded as expense in the period incurred. These costs were $ 292 million, $ 284 million and $ 269 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 292 | monetaryItemType | text: <entity> 292 </entity> <entity type> monetaryItemType </entity type> <context> — Research and development expenses are recorded as expense in the period incurred. These costs were $ 292 million, $ 284 million and $ 269 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
— Research and development expenses are recorded as expense in the period incurred. These costs were $ 292 million, $ 284 million and $ 269 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 284 | monetaryItemType | text: <entity> 284 </entity> <entity type> monetaryItemType </entity type> <context> — Research and development expenses are recorded as expense in the period incurred. These costs were $ 292 million, $ 284 million and $ 269 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
— Research and development expenses are recorded as expense in the period incurred. These costs were $ 292 million, $ 284 million and $ 269 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 269 | monetaryItemType | text: <entity> 269 </entity> <entity type> monetaryItemType </entity type> <context> — Research and development expenses are recorded as expense in the period incurred. These costs were $ 292 million, $ 284 million and $ 269 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ResearchAndDevelopmentExpense |
— Advertising expenses are recorded as expense in the period incurred. These costs were $ 58 million, $ 60 million and $ 57 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 58 | monetaryItemType | text: <entity> 58 </entity> <entity type> monetaryItemType </entity type> <context> — Advertising expenses are recorded as expense in the period incurred. These costs were $ 58 million, $ 60 million and $ 57 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AdvertisingExpense |
— Advertising expenses are recorded as expense in the period incurred. These costs were $ 58 million, $ 60 million and $ 57 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> — Advertising expenses are recorded as expense in the period incurred. These costs were $ 58 million, $ 60 million and $ 57 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AdvertisingExpense |
— Advertising expenses are recorded as expense in the period incurred. These costs were $ 58 million, $ 60 million and $ 57 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 57 | monetaryItemType | text: <entity> 57 </entity> <entity type> monetaryItemType </entity type> <context> — Advertising expenses are recorded as expense in the period incurred. These costs were $ 58 million, $ 60 million and $ 57 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AdvertisingExpense |
During the first quarter of 2024, the Company changed the method used to determine the cost of inventory at certain U.S. businesses from LIFO to the FIFO method, as the Company believes the FIFO method is preferable because it provides a more consistent method for valuing inventory across the Company’s operations, improves comparability with peers, and better reflects the current value of inventories at the balance sheet date. If the FIFO method was used for all inventories, total inventories would have been approximately $ 117 million higher than reported at December 31, 2023. | text | 117 | monetaryItemType | text: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> During the first quarter of 2024, the Company changed the method used to determine the cost of inventory at certain U.S. businesses from LIFO to the FIFO method, as the Company believes the FIFO method is preferable because it provides a more consistent method for valuing inventory across the Company’s operations, improves comparability with peers, and better reflects the current value of inventories at the balance sheet date. If the FIFO method was used for all inventories, total inventories would have been approximately $ 117 million higher than reported at December 31, 2023. </context> | us-gaap:InventoryLIFOReserve |
The LIFO provision for the years ended December 31, 2023 and 2022 was $ 6 million of expense and $ 7 million of income, respectively, and was not material to the Company’s results of operations, financial position or cash flows. Therefore, the Company recorded the pre-tax cumulative effect of this change in accounting method of $ 117 million as a reduction of Cost of revenue in the first quarter of 2024. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> The LIFO provision for the years ended December 31, 2023 and 2022 was $ 6 million of expense and $ 7 million of income, respectively, and was not material to the Company’s results of operations, financial position or cash flows. Therefore, the Company recorded the pre-tax cumulative effect of this change in accounting method of $ 117 million as a reduction of Cost of revenue in the first quarter of 2024. </context> | us-gaap:InventoryLIFOReserveEffectOnIncomeNet |
The LIFO provision for the years ended December 31, 2023 and 2022 was $ 6 million of expense and $ 7 million of income, respectively, and was not material to the Company’s results of operations, financial position or cash flows. Therefore, the Company recorded the pre-tax cumulative effect of this change in accounting method of $ 117 million as a reduction of Cost of revenue in the first quarter of 2024. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> The LIFO provision for the years ended December 31, 2023 and 2022 was $ 6 million of expense and $ 7 million of income, respectively, and was not material to the Company’s results of operations, financial position or cash flows. Therefore, the Company recorded the pre-tax cumulative effect of this change in accounting method of $ 117 million as a reduction of Cost of revenue in the first quarter of 2024. </context> | us-gaap:InventoryLIFOReserveEffectOnIncomeNet |
The LIFO provision for the years ended December 31, 2023 and 2022 was $ 6 million of expense and $ 7 million of income, respectively, and was not material to the Company’s results of operations, financial position or cash flows. Therefore, the Company recorded the pre-tax cumulative effect of this change in accounting method of $ 117 million as a reduction of Cost of revenue in the first quarter of 2024. | text | 117 | monetaryItemType | text: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> The LIFO provision for the years ended December 31, 2023 and 2022 was $ 6 million of expense and $ 7 million of income, respectively, and was not material to the Company’s results of operations, financial position or cash flows. Therefore, the Company recorded the pre-tax cumulative effect of this change in accounting method of $ 117 million as a reduction of Cost of revenue in the first quarter of 2024. </context> | us-gaap:CostOfGoodsAndServicesSold |
Depreciation was $ 301 million, $ 282 million and $ 276 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 301 | monetaryItemType | text: <entity> 301 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation was $ 301 million, $ 282 million and $ 276 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
Depreciation was $ 301 million, $ 282 million and $ 276 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 282 | monetaryItemType | text: <entity> 282 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation was $ 301 million, $ 282 million and $ 276 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
Depreciation was $ 301 million, $ 282 million and $ 276 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 276 | monetaryItemType | text: <entity> 276 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation was $ 301 million, $ 282 million and $ 276 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. </context> | us-gaap:NumberOfBusinessesAcquired |
On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. | text | 57 | monetaryItemType | text: <entity> 57 </entity> <entity type> monetaryItemType </entity type> <context> On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other | text | 220 | monetaryItemType | text: <entity> 220 </entity> <entity type> monetaryItemType </entity type> <context> In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other </context> | us-gaap:ProceedsFromDivestitureOfBusinesses |
In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other | text | 156 | monetaryItemType | text: <entity> 156 </entity> <entity type> monetaryItemType </entity type> <context> In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other </context> | us-gaap:GainLossOnSaleOfBusiness |
In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other </context> | us-gaap:ProceedsFromDivestitureOfBusinesses |
In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other | text | 41 | monetaryItemType | text: <entity> 41 </entity> <entity type> monetaryItemType </entity type> <context> In the second quarter of 2022, plans were approved to divest two businesses, including one business in the Polymers & Fluids segment and one business in the Food Equipment segment. These two businesses were classified as held for sale beginning in the second quarter of 2022. In the fourth quarter of 2022, both of these businesses were divested. On October 3, 2022, the business in the Polymers & Fluids segment was sold for $ 220 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 156 million. On December 1, 2022, the business in the Food Equipment segment was sold for $ 59 million, subject to certain closing adjustments, resulting in a pre-tax gain of $ 41 million. The pre-tax gains were included in Other </context> | us-gaap:GainLossOnSaleOfBusiness |
income (expense) in the Statement of Income. Income taxes on the gains were mostly offset by the utilization of capital loss carryforwards of $ 32 million. Operating revenue related to these divested businesses that was included in the Company's results of operations for the twelve months ended December 31, 2022 was $ 106 million. | text | 32 | monetaryItemType | text: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> income (expense) in the Statement of Income. Income taxes on the gains were mostly offset by the utilization of capital loss carryforwards of $ 32 million. Operating revenue related to these divested businesses that was included in the Company's results of operations for the twelve months ended December 31, 2022 was $ 106 million. </context> | us-gaap:DeferredTaxAssetsCapitalLossCarryforwards |
income (expense) in the Statement of Income. Income taxes on the gains were mostly offset by the utilization of capital loss carryforwards of $ 32 million. Operating revenue related to these divested businesses that was included in the Company's results of operations for the twelve months ended December 31, 2022 was $ 106 million. | text | 106 | monetaryItemType | text: <entity> 106 </entity> <entity type> monetaryItemType </entity type> <context> income (expense) in the Statement of Income. Income taxes on the gains were mostly offset by the utilization of capital loss carryforwards of $ 32 million. Operating revenue related to these divested businesses that was included in the Company's results of operations for the twelve months ended December 31, 2022 was $ 106 million. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue |
In the fourth quarter of 2022, plans were approved to divest one business in the Specialty Products segment. This business was presented as held for sale beginning in the fourth quarter of 2022. This business was sold on April 3, 2023, with no significant gain or loss upon sale. Operating revenue related to this business that was included in the Company's results of operations for the twelve months ended December 31, 2023 and 2022 was $ 9 million and $ 37 million, respectively. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> In the fourth quarter of 2022, plans were approved to divest one business in the Specialty Products segment. This business was presented as held for sale beginning in the fourth quarter of 2022. This business was sold on April 3, 2023, with no significant gain or loss upon sale. Operating revenue related to this business that was included in the Company's results of operations for the twelve months ended December 31, 2023 and 2022 was $ 9 million and $ 37 million, respectively. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue |
In the fourth quarter of 2022, plans were approved to divest one business in the Specialty Products segment. This business was presented as held for sale beginning in the fourth quarter of 2022. This business was sold on April 3, 2023, with no significant gain or loss upon sale. Operating revenue related to this business that was included in the Company's results of operations for the twelve months ended December 31, 2023 and 2022 was $ 9 million and $ 37 million, respectively. | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> In the fourth quarter of 2022, plans were approved to divest one business in the Specialty Products segment. This business was presented as held for sale beginning in the fourth quarter of 2022. This business was sold on April 3, 2023, with no significant gain or loss upon sale. Operating revenue related to this business that was included in the Company's results of operations for the twelve months ended December 31, 2023 and 2022 was $ 9 million and $ 37 million, respectively. </context> | us-gaap:DisposalGroupIncludingDiscontinuedOperationRevenue |
The Company's 86 diversified operating divisions are organized and managed based on similar product offerings and end markets, and are reported to senior management as the following seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. Operating revenue by product category, which is consistent with the Company's segment presentation, for the twelve months ended December 31, 2024, 2023 and 2022 was as follows: | text | seven | integerItemType | text: <entity> seven </entity> <entity type> integerItemType </entity type> <context> The Company's 86 diversified operating divisions are organized and managed based on similar product offerings and end markets, and are reported to senior management as the following seven segments: Automotive OEM; Food Equipment; Test & Measurement and Electronics; Welding; Polymers & Fluids; Construction Products; and Specialty Products. Operating revenue by product category, which is consistent with the Company's segment presentation, for the twelve months ended December 31, 2024, 2023 and 2022 was as follows: </context> | us-gaap:NumberOfReportableSegments |
The following is a description of the product offerings, end markets and typical revenue transactions for each of the Company's seven segments: | text | seven | integerItemType | text: <entity> seven </entity> <entity type> integerItemType </entity type> <context> The following is a description of the product offerings, end markets and typical revenue transactions for each of the Company's seven segments: </context> | us-gaap:NumberOfReportableSegments |
In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. | text | 49 | percentItemType | text: <entity> 49 </entity> <entity type> percentItemType </entity type> <context> In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. | text | 51 | percentItemType | text: <entity> 51 </entity> <entity type> percentItemType </entity type> <context> In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. </context> | us-gaap:MinorityInterestOwnershipPercentageByParent |
In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. | text | 167 | monetaryItemType | text: <entity> 167 </entity> <entity type> monetaryItemType </entity type> <context> In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. </context> | us-gaap:ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital |
In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. | text | zero | monetaryItemType | text: <entity> zero </entity> <entity type> monetaryItemType </entity type> <context> In the fourth quarter of 2012, the Company divested a 51 % majority interest in its former Decorative Surfaces segment to certain funds managed by Clayton, Dubilier & Rice, LLC ("CD&R"). As a result of the transaction, the Company owned common units (the "Common Units") of Wilsonart International Holdings LLC ("Wilsonart") initially representing approximately 49 % (on an as-converted basis) of the total outstanding equity and CD&R owned cumulative convertible participating preferred units (the "Preferred Units") of Wilsonart representing approximately 51 % (on an as-converted basis) of the total outstanding equity. The ownership interest in Wilsonart was reported using the equity method of accounting. The Company's proportionate share in the income (loss) of Wilsonart was reported in Other income (expense) in the Statement of Income. As the Company's investment in Wilsonart was structured as a partnership for U.S. tax purposes, U.S. taxes were recorded separately from the equity investment. In 2016, the Company received a $ 167 million dividend distribution from Wilsonart which exceeded the Company's equity investment balance and resulted in a $ 54 million pre-tax gain in 2016. As a result of the dividend distribution, the equity investment balance in Wilsonart was reduced to zero and subsequent equity investment income was suspended and no longer recognized. </context> | us-gaap:EquityMethodInvestments |
On August 5, 2024, the Company entered into a purchase agreement with affiliates of CD&R for the sale of the Company’s noncontrolling equity interest in Wilsonart for $ 398 million. The transaction closed immediately after the execution of the purchase agreement. Proceeds from the transaction, net of transaction costs, were $ 395 million, resulting in a pre-tax gain of $ 363 million which was included in Other income (expense) in the Statement of Income. Income taxes on the gain were more than offset by a discrete tax benefit of $ 107 million in the third quarter of 2024 related to the utilization of capital loss carryforwards upon the sale of Wilsonart. Refer to Note 6. Income Taxes for further information. The sale of the Company’s equity interest in Wilsonart is not expected to have a material impact on the Company’s financial results in subsequent periods. | text | 395 | monetaryItemType | text: <entity> 395 </entity> <entity type> monetaryItemType </entity type> <context> On August 5, 2024, the Company entered into a purchase agreement with affiliates of CD&R for the sale of the Company’s noncontrolling equity interest in Wilsonart for $ 398 million. The transaction closed immediately after the execution of the purchase agreement. Proceeds from the transaction, net of transaction costs, were $ 395 million, resulting in a pre-tax gain of $ 363 million which was included in Other income (expense) in the Statement of Income. Income taxes on the gain were more than offset by a discrete tax benefit of $ 107 million in the third quarter of 2024 related to the utilization of capital loss carryforwards upon the sale of Wilsonart. Refer to Note 6. Income Taxes for further information. The sale of the Company’s equity interest in Wilsonart is not expected to have a material impact on the Company’s financial results in subsequent periods. </context> | us-gaap:ProceedsFromSaleOfEquityMethodInvestments |
On August 5, 2024, the Company entered into a purchase agreement with affiliates of CD&R for the sale of the Company’s noncontrolling equity interest in Wilsonart for $ 398 million. The transaction closed immediately after the execution of the purchase agreement. Proceeds from the transaction, net of transaction costs, were $ 395 million, resulting in a pre-tax gain of $ 363 million which was included in Other income (expense) in the Statement of Income. Income taxes on the gain were more than offset by a discrete tax benefit of $ 107 million in the third quarter of 2024 related to the utilization of capital loss carryforwards upon the sale of Wilsonart. Refer to Note 6. Income Taxes for further information. The sale of the Company’s equity interest in Wilsonart is not expected to have a material impact on the Company’s financial results in subsequent periods. | text | 363 | monetaryItemType | text: <entity> 363 </entity> <entity type> monetaryItemType </entity type> <context> On August 5, 2024, the Company entered into a purchase agreement with affiliates of CD&R for the sale of the Company’s noncontrolling equity interest in Wilsonart for $ 398 million. The transaction closed immediately after the execution of the purchase agreement. Proceeds from the transaction, net of transaction costs, were $ 395 million, resulting in a pre-tax gain of $ 363 million which was included in Other income (expense) in the Statement of Income. Income taxes on the gain were more than offset by a discrete tax benefit of $ 107 million in the third quarter of 2024 related to the utilization of capital loss carryforwards upon the sale of Wilsonart. Refer to Note 6. Income Taxes for further information. The sale of the Company’s equity interest in Wilsonart is not expected to have a material impact on the Company’s financial results in subsequent periods. </context> | us-gaap:EquityMethodInvestmentRealizedGainLossOnDisposal |
On August 5, 2024, the Company entered into a purchase agreement with affiliates of CD&R for the sale of the Company’s noncontrolling equity interest in Wilsonart for $ 398 million. The transaction closed immediately after the execution of the purchase agreement. Proceeds from the transaction, net of transaction costs, were $ 395 million, resulting in a pre-tax gain of $ 363 million which was included in Other income (expense) in the Statement of Income. Income taxes on the gain were more than offset by a discrete tax benefit of $ 107 million in the third quarter of 2024 related to the utilization of capital loss carryforwards upon the sale of Wilsonart. Refer to Note 6. Income Taxes for further information. The sale of the Company’s equity interest in Wilsonart is not expected to have a material impact on the Company’s financial results in subsequent periods. | text | 107 | monetaryItemType | text: <entity> 107 </entity> <entity type> monetaryItemType </entity type> <context> On August 5, 2024, the Company entered into a purchase agreement with affiliates of CD&R for the sale of the Company’s noncontrolling equity interest in Wilsonart for $ 398 million. The transaction closed immediately after the execution of the purchase agreement. Proceeds from the transaction, net of transaction costs, were $ 395 million, resulting in a pre-tax gain of $ 363 million which was included in Other income (expense) in the Statement of Income. Income taxes on the gain were more than offset by a discrete tax benefit of $ 107 million in the third quarter of 2024 related to the utilization of capital loss carryforwards upon the sale of Wilsonart. Refer to Note 6. Income Taxes for further information. The sale of the Company’s equity interest in Wilsonart is not expected to have a material impact on the Company’s financial results in subsequent periods. </context> | us-gaap:IncomeTaxReconciliationDispositionOfAssets |
The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. | text | 21.1 | percentItemType | text: <entity> 21.1 </entity> <entity type> percentItemType </entity type> <context> The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. | text | 22.6 | percentItemType | text: <entity> 22.6 </entity> <entity type> percentItemType </entity type> <context> The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. | text | 21.0 | percentItemType | text: <entity> 21.0 </entity> <entity type> percentItemType </entity type> <context> The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. </context> | us-gaap:EffectiveIncomeTaxRateContinuingOperations |
The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount |
The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount |
The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. | text | 12 | monetaryItemType | text: <entity> 12 </entity> <entity type> monetaryItemType </entity type> <context> The Company's effective tax rate for the twelve months ended December 31, 2024, 2023 and 2022 was 21.1 %, 22.6 % and 21.0 %, respectively. The 2024 effective tax rate benefited from discrete income tax benefits during the third quarter of 2024 of $ 107 million related to the utilization of capital loss carryforwards upon the sale of Wilsonart and $ 87 million related to a reorganization of the Company’s intellectual property, partially offset by a $ 73 million discrete tax expense related to the remeasurement of unrecognized tax benefits associated with various intercompany transactions. The 2023 effective tax rate benefited from a discrete income tax benefit of $ 20 million in the second quarter of 2023 related to amended 2021 U.S. taxes. The 2022 effective tax rate benefited from discrete income tax benefits of $ 32 million in the fourth quarter of 2022 related to the utilization of capital loss carryforwards and $ 51 million in the second quarter of 2022 related to a decrease in unrecognized tax benefits resulting from the resolution of a U.S. tax audit. Additionally, the effective tax rates for 2024, 2023 and 2022 included discrete income tax benefits of $ 14 million, $ 20 million and $ 12 million, respectively, related to excess tax benefits from stock-based compensation. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount |
Deferred foreign withholding taxes have not been provided on undistributed earnings considered permanently invested. As of December 31, 2024, undistributed earnings of certain international subsidiaries that are considered permanently invested were approximately $ 6 billion. Determination of the related deferred tax liability is not practicable because of the complexities associated with the hypothetical calculation. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> Deferred foreign withholding taxes have not been provided on undistributed earnings considered permanently invested. As of December 31, 2024, undistributed earnings of certain international subsidiaries that are considered permanently invested were approximately $ 6 billion. Determination of the related deferred tax liability is not practicable because of the complexities associated with the hypothetical calculation. </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
Included in the balance as of December 31, 2024 were approximately $ 329 million of unrecognized tax benefits that, if recognized, would impact the Company's effective tax rate. | text | 329 | monetaryItemType | text: <entity> 329 </entity> <entity type> monetaryItemType </entity type> <context> Included in the balance as of December 31, 2024 were approximately $ 329 million of unrecognized tax benefits that, if recognized, would impact the Company's effective tax rate. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Options that were considered antidilutive were not included in the computation of diluted net income per share. There were 0.2 million, 0.3 million and 0.9 million antidilutive options outstanding for the twelve months ended December 31, 2024, 2023 and 2022, respectively. | text | 0.2 | sharesItemType | text: <entity> 0.2 </entity> <entity type> sharesItemType </entity type> <context> Options that were considered antidilutive were not included in the computation of diluted net income per share. There were 0.2 million, 0.3 million and 0.9 million antidilutive options outstanding for the twelve months ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
Options that were considered antidilutive were not included in the computation of diluted net income per share. There were 0.2 million, 0.3 million and 0.9 million antidilutive options outstanding for the twelve months ended December 31, 2024, 2023 and 2022, respectively. | text | 0.3 | sharesItemType | text: <entity> 0.3 </entity> <entity type> sharesItemType </entity type> <context> Options that were considered antidilutive were not included in the computation of diluted net income per share. There were 0.2 million, 0.3 million and 0.9 million antidilutive options outstanding for the twelve months ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
Options that were considered antidilutive were not included in the computation of diluted net income per share. There were 0.2 million, 0.3 million and 0.9 million antidilutive options outstanding for the twelve months ended December 31, 2024, 2023 and 2022, respectively. | text | 0.9 | sharesItemType | text: <entity> 0.9 </entity> <entity type> sharesItemType </entity type> <context> Options that were considered antidilutive were not included in the computation of diluted net income per share. There were 0.2 million, 0.3 million and 0.9 million antidilutive options outstanding for the twelve months ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. Refer to Note 2. Acquisitions for additional information regarding the Company's acquisitions. | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. Refer to Note 2. Acquisitions for additional information regarding the Company's acquisitions. </context> | us-gaap:NumberOfBusinessesAcquired |
On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. Refer to Note 2. Acquisitions for additional information regarding the Company's acquisitions. | text | 57 | monetaryItemType | text: <entity> 57 </entity> <entity type> monetaryItemType </entity type> <context> On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. Refer to Note 2. Acquisitions for additional information regarding the Company's acquisitions. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. Refer to Note 2. Acquisitions for additional information regarding the Company's acquisitions. | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> On January 2, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 57 million, net of cash acquired. On April 1, 2024, the Company completed the acquisition of one business in the Test & Measurement and Electronics segment for $ 59 million, net of cash acquired. The purchase price for both acquisitions is subject to certain closing adjustments. These acquisitions were not material, individually or in the aggregate, to the Company’s results of operations, financial position or cash flows. The allocation of purchase price for these acquisitions will be completed as soon as practicable, but no later than one year from the acquisition date. Refer to Note 2. Acquisitions for additional information regarding the Company's acquisitions. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
The Company's lease transactions are primarily for the use of facilities, vehicles and office equipment under operating lease arrangements. Total rental expense for operating leases for the twelve months ended December 31, 2024, 2023 and 2022 was $ 143 million, $ 132 million and $ 122 million, respectively. Total rental expense for the twelve months ended December 31, 2024, 2023 and 2022 included $ 65 million, $ 60 million and $ 56 million, respectively, related to short-term operating leases and variable lease payments. Short-term operating leases have original terms of one year or less, or can be terminated at the Company's option with a short notice period and without significant penalty, and are not capitalized. | text | 143 | monetaryItemType | text: <entity> 143 </entity> <entity type> monetaryItemType </entity type> <context> The Company's lease transactions are primarily for the use of facilities, vehicles and office equipment under operating lease arrangements. Total rental expense for operating leases for the twelve months ended December 31, 2024, 2023 and 2022 was $ 143 million, $ 132 million and $ 122 million, respectively. Total rental expense for the twelve months ended December 31, 2024, 2023 and 2022 included $ 65 million, $ 60 million and $ 56 million, respectively, related to short-term operating leases and variable lease payments. Short-term operating leases have original terms of one year or less, or can be terminated at the Company's option with a short notice period and without significant penalty, and are not capitalized. </context> | us-gaap:LeaseCost |
The Company's lease transactions are primarily for the use of facilities, vehicles and office equipment under operating lease arrangements. Total rental expense for operating leases for the twelve months ended December 31, 2024, 2023 and 2022 was $ 143 million, $ 132 million and $ 122 million, respectively. Total rental expense for the twelve months ended December 31, 2024, 2023 and 2022 included $ 65 million, $ 60 million and $ 56 million, respectively, related to short-term operating leases and variable lease payments. Short-term operating leases have original terms of one year or less, or can be terminated at the Company's option with a short notice period and without significant penalty, and are not capitalized. | text | 132 | monetaryItemType | text: <entity> 132 </entity> <entity type> monetaryItemType </entity type> <context> The Company's lease transactions are primarily for the use of facilities, vehicles and office equipment under operating lease arrangements. Total rental expense for operating leases for the twelve months ended December 31, 2024, 2023 and 2022 was $ 143 million, $ 132 million and $ 122 million, respectively. Total rental expense for the twelve months ended December 31, 2024, 2023 and 2022 included $ 65 million, $ 60 million and $ 56 million, respectively, related to short-term operating leases and variable lease payments. Short-term operating leases have original terms of one year or less, or can be terminated at the Company's option with a short notice period and without significant penalty, and are not capitalized. </context> | us-gaap:LeaseCost |
The Company's lease transactions are primarily for the use of facilities, vehicles and office equipment under operating lease arrangements. Total rental expense for operating leases for the twelve months ended December 31, 2024, 2023 and 2022 was $ 143 million, $ 132 million and $ 122 million, respectively. Total rental expense for the twelve months ended December 31, 2024, 2023 and 2022 included $ 65 million, $ 60 million and $ 56 million, respectively, related to short-term operating leases and variable lease payments. Short-term operating leases have original terms of one year or less, or can be terminated at the Company's option with a short notice period and without significant penalty, and are not capitalized. | text | 122 | monetaryItemType | text: <entity> 122 </entity> <entity type> monetaryItemType </entity type> <context> The Company's lease transactions are primarily for the use of facilities, vehicles and office equipment under operating lease arrangements. Total rental expense for operating leases for the twelve months ended December 31, 2024, 2023 and 2022 was $ 143 million, $ 132 million and $ 122 million, respectively. Total rental expense for the twelve months ended December 31, 2024, 2023 and 2022 included $ 65 million, $ 60 million and $ 56 million, respectively, related to short-term operating leases and variable lease payments. Short-term operating leases have original terms of one year or less, or can be terminated at the Company's option with a short notice period and without significant penalty, and are not capitalized. </context> | us-gaap:LeaseCost |
As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. | text | 777 | monetaryItemType | text: <entity> 777 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. </context> | us-gaap:LongTermDebtCurrent |
As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. | text | 700 | monetaryItemType | text: <entity> 700 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. </context> | us-gaap:LongTermDebtCurrent |
As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. | text | 3.50 | percentItemType | text: <entity> 3.50 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. | text | 661 | monetaryItemType | text: <entity> 661 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. </context> | us-gaap:LongTermDebtCurrent |
As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. | text | 0.25 | percentItemType | text: <entity> 0.25 </entity> <entity type> percentItemType </entity type> <context> As of December 31, 2024, current maturities of long-term debt included $ 777 million related to the Euro-denominated credit agreement entered into on May 5, 2023 (the "Euro Credit Agreement"), which was reclassified to Short-term debt in the second quarter of 2024 since the debt, including the options to extend the termination date, is due in April 2025. As of December 31, 2023, current maturities of long-term debt included $ 700 million related to the 3.50 % notes due March 1, 2024 and $ 661 million related to the 0.25 % Euro notes due December 5, 2024, both of which were repaid on their respective due dates. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
The Company may issue commercial paper to fund general corporate needs, share repurchases, and small and medium-sized acquisitions. During the fourth quarter of 2022, the Company entered into a $ 3.0 billion, five-year revolving credit facility with a termination date of October 21, 2027, which is available to provide additional liquidity, including to support the potential issuances of commercial paper. No amounts were outstanding under the revolving credit facility as of December 31, 2024 or 2023. The Company was also in compliance with the financial covenants of the revolving credit facility as of December 31, 2024, which included a minimum interest coverage ratio. The weighted-average interest rate on commercial paper was 4.56 % and 5.40 % as of December 31, 2024 and 2023, respectively. | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> The Company may issue commercial paper to fund general corporate needs, share repurchases, and small and medium-sized acquisitions. During the fourth quarter of 2022, the Company entered into a $ 3.0 billion, five-year revolving credit facility with a termination date of October 21, 2027, which is available to provide additional liquidity, including to support the potential issuances of commercial paper. No amounts were outstanding under the revolving credit facility as of December 31, 2024 or 2023. The Company was also in compliance with the financial covenants of the revolving credit facility as of December 31, 2024, which included a minimum interest coverage ratio. The weighted-average interest rate on commercial paper was 4.56 % and 5.40 % as of December 31, 2024 and 2023, respectively. </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
The Company may issue commercial paper to fund general corporate needs, share repurchases, and small and medium-sized acquisitions. During the fourth quarter of 2022, the Company entered into a $ 3.0 billion, five-year revolving credit facility with a termination date of October 21, 2027, which is available to provide additional liquidity, including to support the potential issuances of commercial paper. No amounts were outstanding under the revolving credit facility as of December 31, 2024 or 2023. The Company was also in compliance with the financial covenants of the revolving credit facility as of December 31, 2024, which included a minimum interest coverage ratio. The weighted-average interest rate on commercial paper was 4.56 % and 5.40 % as of December 31, 2024 and 2023, respectively. | text | 4.56 | percentItemType | text: <entity> 4.56 </entity> <entity type> percentItemType </entity type> <context> The Company may issue commercial paper to fund general corporate needs, share repurchases, and small and medium-sized acquisitions. During the fourth quarter of 2022, the Company entered into a $ 3.0 billion, five-year revolving credit facility with a termination date of October 21, 2027, which is available to provide additional liquidity, including to support the potential issuances of commercial paper. No amounts were outstanding under the revolving credit facility as of December 31, 2024 or 2023. The Company was also in compliance with the financial covenants of the revolving credit facility as of December 31, 2024, which included a minimum interest coverage ratio. The weighted-average interest rate on commercial paper was 4.56 % and 5.40 % as of December 31, 2024 and 2023, respectively. </context> | us-gaap:ShortTermDebtWeightedAverageInterestRate |
The Company may issue commercial paper to fund general corporate needs, share repurchases, and small and medium-sized acquisitions. During the fourth quarter of 2022, the Company entered into a $ 3.0 billion, five-year revolving credit facility with a termination date of October 21, 2027, which is available to provide additional liquidity, including to support the potential issuances of commercial paper. No amounts were outstanding under the revolving credit facility as of December 31, 2024 or 2023. The Company was also in compliance with the financial covenants of the revolving credit facility as of December 31, 2024, which included a minimum interest coverage ratio. The weighted-average interest rate on commercial paper was 4.56 % and 5.40 % as of December 31, 2024 and 2023, respectively. | text | 5.40 | percentItemType | text: <entity> 5.40 </entity> <entity type> percentItemType </entity type> <context> The Company may issue commercial paper to fund general corporate needs, share repurchases, and small and medium-sized acquisitions. During the fourth quarter of 2022, the Company entered into a $ 3.0 billion, five-year revolving credit facility with a termination date of October 21, 2027, which is available to provide additional liquidity, including to support the potential issuances of commercial paper. No amounts were outstanding under the revolving credit facility as of December 31, 2024 or 2023. The Company was also in compliance with the financial covenants of the revolving credit facility as of December 31, 2024, which included a minimum interest coverage ratio. The weighted-average interest rate on commercial paper was 4.56 % and 5.40 % as of December 31, 2024 and 2023, respectively. </context> | us-gaap:ShortTermDebtWeightedAverageInterestRate |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.