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Effective January 1, 2024, the weighted-average expected rate of return on plan assets for the U.S. and foreign defined benefit pension plans is 6.88 % and 5.95 %, respectively. | text | 6.88 | percentItemType | text: <entity> 6.88 </entity> <entity type> percentItemType </entity type> <context> Effective January 1, 2024, the weighted-average expected rate of return on plan assets for the U.S. and foreign defined benefit pension plans is 6.88 % and 5.95 %, respectively. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
Effective January 1, 2024, the weighted-average expected rate of return on plan assets for the U.S. and foreign defined benefit pension plans is 6.88 % and 5.95 %, respectively. | text | 5.95 | percentItemType | text: <entity> 5.95 </entity> <entity type> percentItemType </entity type> <context> Effective January 1, 2024, the weighted-average expected rate of return on plan assets for the U.S. and foreign defined benefit pension plans is 6.88 % and 5.95 %, respectively. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. | text | 6.66 | percentItemType | text: <entity> 6.66 </entity> <entity type> percentItemType </entity type> <context> The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. | text | 5.21 | percentItemType | text: <entity> 5.21 </entity> <entity type> percentItemType </entity type> <context> The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. | text | 5.46 | percentItemType | text: <entity> 5.46 </entity> <entity type> percentItemType </entity type> <context> The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. | text | 3.73 | percentItemType | text: <entity> 3.73 </entity> <entity type> percentItemType </entity type> <context> The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. | text | 4.04 | percentItemType | text: <entity> 4.04 </entity> <entity type> percentItemType </entity type> <context> The mark-to-market actuarial gain in 2023 was primarily attributable to a higher return on pension plan assets during the year than was expected, as a result of overall market and investment portfolio performance. The weighted-average actual return on our U.S. and foreign pension plan assets was 11.21 % versus an expected return of 6.66 %. This was partially offset by a decrease in the weighted-average discount rate to 5.21 % from 5.46 % for our U.S. pension plans and to 3.73 % from 4.04 % for our foreign pension plans to reflect market conditions as of the December 31, 2023 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower | text | 5.46 | percentItemType | text: <entity> 5.46 </entity> <entity type> percentItemType </entity type> <context> increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower | text | 2.86 | percentItemType | text: <entity> 2.86 </entity> <entity type> percentItemType </entity type> <context> increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower | text | 4.04 | percentItemType | text: <entity> 4.04 </entity> <entity type> percentItemType </entity type> <context> increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower | text | 1.44 | percentItemType | text: <entity> 1.44 </entity> <entity type> percentItemType </entity type> <context> increase in the weighted average discount rate to 5.46 % from 2.86 % for our U.S. pension plans and to 4.04 % from 1.44 % for our foreign pension plans to reflect market conditions as of the December 31, 2022 measurement date. This was partially offset by a lower </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
weighted-average actual return on our U.S. and foreign pension plan assets was ( 17.94 )% versus an expected return of 6.48 %. | text | 6.48 | percentItemType | text: <entity> 6.48 </entity> <entity type> percentItemType </entity type> <context> weighted-average actual return on our U.S. and foreign pension plan assets was ( 17.94 )% versus an expected return of 6.48 %. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
The weighted-average actual return on our U.S. and foreign pension plan assets was 8.42 % versus an expected return of 6.50 %. In addition, there was an increase | text | 6.50 | percentItemType | text: <entity> 6.50 </entity> <entity type> percentItemType </entity type> <context> The weighted-average actual return on our U.S. and foreign pension plan assets was 8.42 % versus an expected return of 6.50 %. In addition, there was an increase </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. | text | 2.86 | percentItemType | text: <entity> 2.86 </entity> <entity type> percentItemType </entity type> <context> in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. | text | 1.44 | percentItemType | text: <entity> 1.44 </entity> <entity type> percentItemType </entity type> <context> in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. | text | 0.86 | percentItemType | text: <entity> 0.86 </entity> <entity type> percentItemType </entity type> <context> in the weighted-average discount rate to 2.86 % from 2.50 % for our U.S. pension plans and to 1.44 % from 0.86 % for our foreign pension plans to reflect market conditions as of the December 31, 2021 measurement date. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. | text | 17.9 | monetaryItemType | text: <entity> 17.9 </entity> <entity type> monetaryItemType </entity type> <context> We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. </context> | us-gaap:PensionAndOtherPostretirementBenefitContributions |
We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. | text | 16.1 | monetaryItemType | text: <entity> 16.1 </entity> <entity type> monetaryItemType </entity type> <context> We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. </context> | us-gaap:PensionAndOtherPostretirementBenefitContributions |
We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. | text | 30.3 | monetaryItemType | text: <entity> 30.3 </entity> <entity type> monetaryItemType </entity type> <context> We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. </context> | us-gaap:PensionAndOtherPostretirementBenefitContributions |
We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. | text | 14.2 | monetaryItemType | text: <entity> 14.2 </entity> <entity type> monetaryItemType </entity type> <context> We made contributions to our defined benefit pension and OPEB plans of $ 17.9 million, $ 16.1 million and $ 30.3 million during the years ended December 31, 2023, 2022 and 2021, respectively. We expect contributions to our domestic nonqualified and foreign qualified and nonqualified pension plans to approximate $ 14.2 million in 2024. Also, we expect to pay approximately $ 2.4 million in premiums to our U.S. postretirement benefit plan in 2024. However, we may choose to make additional voluntary pension contributions in excess of these amounts. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
We have a supplemental executive retirement plan (“SERP”), which provides unfunded supplemental retirement benefits to certain management or highly compensated employees. The SERP provides for incremental pension benefits to offset the limitations imposed on qualified plan benefits by federal income tax regulations. Costs (credits) relating to our SERP were $ 0.6 million, ($ 1.2 ) million and ($ 0.2 ) million for the years ended December 31, 2023, 2022 and 2021, respectively. The projected benefit obligation for the SERP recognized in the consolidated balance sheets at December 31, 2023 and 2022 was $ 6.2 million and $ 6.5 million, respectively. The benefit expenses and obligations of this SERP are included in the tables above. Benefits of $ 0.9 million are expected to be paid to SERP retirees in 2024. On October 1, 2012, our Board of Directors approved amendments to the SERP, such that effective December 31, 2014, no additional benefits shall accrue under this plan and participants’ accrued benefits shall be frozen as of that date to reflect the same changes as were made under the U.S. qualified defined benefit plan. | text | 6.2 | monetaryItemType | text: <entity> 6.2 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplemental executive retirement plan (“SERP”), which provides unfunded supplemental retirement benefits to certain management or highly compensated employees. The SERP provides for incremental pension benefits to offset the limitations imposed on qualified plan benefits by federal income tax regulations. Costs (credits) relating to our SERP were $ 0.6 million, ($ 1.2 ) million and ($ 0.2 ) million for the years ended December 31, 2023, 2022 and 2021, respectively. The projected benefit obligation for the SERP recognized in the consolidated balance sheets at December 31, 2023 and 2022 was $ 6.2 million and $ 6.5 million, respectively. The benefit expenses and obligations of this SERP are included in the tables above. Benefits of $ 0.9 million are expected to be paid to SERP retirees in 2024. On October 1, 2012, our Board of Directors approved amendments to the SERP, such that effective December 31, 2014, no additional benefits shall accrue under this plan and participants’ accrued benefits shall be frozen as of that date to reflect the same changes as were made under the U.S. qualified defined benefit plan. </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
We have a supplemental executive retirement plan (“SERP”), which provides unfunded supplemental retirement benefits to certain management or highly compensated employees. The SERP provides for incremental pension benefits to offset the limitations imposed on qualified plan benefits by federal income tax regulations. Costs (credits) relating to our SERP were $ 0.6 million, ($ 1.2 ) million and ($ 0.2 ) million for the years ended December 31, 2023, 2022 and 2021, respectively. The projected benefit obligation for the SERP recognized in the consolidated balance sheets at December 31, 2023 and 2022 was $ 6.2 million and $ 6.5 million, respectively. The benefit expenses and obligations of this SERP are included in the tables above. Benefits of $ 0.9 million are expected to be paid to SERP retirees in 2024. On October 1, 2012, our Board of Directors approved amendments to the SERP, such that effective December 31, 2014, no additional benefits shall accrue under this plan and participants’ accrued benefits shall be frozen as of that date to reflect the same changes as were made under the U.S. qualified defined benefit plan. | text | 6.5 | monetaryItemType | text: <entity> 6.5 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplemental executive retirement plan (“SERP”), which provides unfunded supplemental retirement benefits to certain management or highly compensated employees. The SERP provides for incremental pension benefits to offset the limitations imposed on qualified plan benefits by federal income tax regulations. Costs (credits) relating to our SERP were $ 0.6 million, ($ 1.2 ) million and ($ 0.2 ) million for the years ended December 31, 2023, 2022 and 2021, respectively. The projected benefit obligation for the SERP recognized in the consolidated balance sheets at December 31, 2023 and 2022 was $ 6.2 million and $ 6.5 million, respectively. The benefit expenses and obligations of this SERP are included in the tables above. Benefits of $ 0.9 million are expected to be paid to SERP retirees in 2024. On October 1, 2012, our Board of Directors approved amendments to the SERP, such that effective December 31, 2014, no additional benefits shall accrue under this plan and participants’ accrued benefits shall be frozen as of that date to reflect the same changes as were made under the U.S. qualified defined benefit plan. </context> | us-gaap:DefinedBenefitPlanBenefitObligation |
We have a supplemental executive retirement plan (“SERP”), which provides unfunded supplemental retirement benefits to certain management or highly compensated employees. The SERP provides for incremental pension benefits to offset the limitations imposed on qualified plan benefits by federal income tax regulations. Costs (credits) relating to our SERP were $ 0.6 million, ($ 1.2 ) million and ($ 0.2 ) million for the years ended December 31, 2023, 2022 and 2021, respectively. The projected benefit obligation for the SERP recognized in the consolidated balance sheets at December 31, 2023 and 2022 was $ 6.2 million and $ 6.5 million, respectively. The benefit expenses and obligations of this SERP are included in the tables above. Benefits of $ 0.9 million are expected to be paid to SERP retirees in 2024. On October 1, 2012, our Board of Directors approved amendments to the SERP, such that effective December 31, 2014, no additional benefits shall accrue under this plan and participants’ accrued benefits shall be frozen as of that date to reflect the same changes as were made under the U.S. qualified defined benefit plan. | text | 0.9 | monetaryItemType | text: <entity> 0.9 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplemental executive retirement plan (“SERP”), which provides unfunded supplemental retirement benefits to certain management or highly compensated employees. The SERP provides for incremental pension benefits to offset the limitations imposed on qualified plan benefits by federal income tax regulations. Costs (credits) relating to our SERP were $ 0.6 million, ($ 1.2 ) million and ($ 0.2 ) million for the years ended December 31, 2023, 2022 and 2021, respectively. The projected benefit obligation for the SERP recognized in the consolidated balance sheets at December 31, 2023 and 2022 was $ 6.2 million and $ 6.5 million, respectively. The benefit expenses and obligations of this SERP are included in the tables above. Benefits of $ 0.9 million are expected to be paid to SERP retirees in 2024. On October 1, 2012, our Board of Directors approved amendments to the SERP, such that effective December 31, 2014, no additional benefits shall accrue under this plan and participants’ accrued benefits shall be frozen as of that date to reflect the same changes as were made under the U.S. qualified defined benefit plan. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. | text | 17.8 | monetaryItemType | text: <entity> 17.8 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. </context> | us-gaap:DefinedContributionPlanCostRecognized |
On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. | text | 12.1 | monetaryItemType | text: <entity> 12.1 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. </context> | us-gaap:DefinedContributionPlanCostRecognized |
On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. | text | 16.7 | monetaryItemType | text: <entity> 16.7 </entity> <entity type> monetaryItemType </entity type> <context> On March 31, 2004, a new defined contribution pension plan benefit was adopted under the qualified defined contribution plan for U.S. non-represented employees hired after March 31, 2004. On October 1, 2012, our Board of Directors approved certain plan amendments, such that effective January 1, 2013, the defined contribution pension plan benefit is expanded to include non-represented employees hired prior to March 31, 2004, and revised the contribution for all participants to be based on 5 % of eligible employee compensation. The employer portion of contributions to our U.S. defined contribution pension plan amounted to $ 17.8 million, $ 12.1 million, and $ 16.7 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Certain of our employees participate in our defined contribution 401(k) employee savings plan, which is generally available to all U.S. full-time salaried and non-union hourly employees and to employees who are covered by a collective bargaining agreement that provides for such participation. This U.S. defined contribution plan is funded with contributions made by the participants and us. Our contributions to the 401(k) plan amounted to $ 18.4 million, $ 12.7 million and $ 17.4 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. | text | 18.4 | monetaryItemType | text: <entity> 18.4 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our employees participate in our defined contribution 401(k) employee savings plan, which is generally available to all U.S. full-time salaried and non-union hourly employees and to employees who are covered by a collective bargaining agreement that provides for such participation. This U.S. defined contribution plan is funded with contributions made by the participants and us. Our contributions to the 401(k) plan amounted to $ 18.4 million, $ 12.7 million and $ 17.4 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Certain of our employees participate in our defined contribution 401(k) employee savings plan, which is generally available to all U.S. full-time salaried and non-union hourly employees and to employees who are covered by a collective bargaining agreement that provides for such participation. This U.S. defined contribution plan is funded with contributions made by the participants and us. Our contributions to the 401(k) plan amounted to $ 18.4 million, $ 12.7 million and $ 17.4 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. | text | 12.7 | monetaryItemType | text: <entity> 12.7 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our employees participate in our defined contribution 401(k) employee savings plan, which is generally available to all U.S. full-time salaried and non-union hourly employees and to employees who are covered by a collective bargaining agreement that provides for such participation. This U.S. defined contribution plan is funded with contributions made by the participants and us. Our contributions to the 401(k) plan amounted to $ 18.4 million, $ 12.7 million and $ 17.4 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. </context> | us-gaap:DefinedContributionPlanCostRecognized |
Certain of our employees participate in our defined contribution 401(k) employee savings plan, which is generally available to all U.S. full-time salaried and non-union hourly employees and to employees who are covered by a collective bargaining agreement that provides for such participation. This U.S. defined contribution plan is funded with contributions made by the participants and us. Our contributions to the 401(k) plan amounted to $ 18.4 million, $ 12.7 million and $ 17.4 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. | text | 17.4 | monetaryItemType | text: <entity> 17.4 </entity> <entity type> monetaryItemType </entity type> <context> Certain of our employees participate in our defined contribution 401(k) employee savings plan, which is generally available to all U.S. full-time salaried and non-union hourly employees and to employees who are covered by a collective bargaining agreement that provides for such participation. This U.S. defined contribution plan is funded with contributions made by the participants and us. Our contributions to the 401(k) plan amounted to $ 18.4 million, $ 12.7 million and $ 17.4 million in 2023, 2022 and 2021, respectively. Contributions in 2021 included amounts deferred from 2020 as a result of the Company’s plan to maintain financial flexibility during the COVID-19 pandemic. </context> | us-gaap:DefinedContributionPlanCostRecognized |
In prior years, the majority of the Company’s contributions to the DN Pensionskasse were tied to employees’ contributions, which are generally calculated as a percentage of base compensation, up to a certain statutory ceiling. Our normal contributions to this plan were $ 1.5 million in the year ended December 31, 2021. | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> In prior years, the majority of the Company’s contributions to the DN Pensionskasse were tied to employees’ contributions, which are generally calculated as a percentage of base compensation, up to a certain statutory ceiling. Our normal contributions to this plan were $ 1.5 million in the year ended December 31, 2021. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Effective July 1, 2016, the DN Pensionskasse was subject to a financial improvement plan, which expired on December 31, 2022, with the final contribution in the second quarter of 2023. This financial improvement plan called for increased capital reserves to avoid future underfunding risk. During the years ended December 31, 2023, 2022 and 2021, the Company made contributions for its employees covered under this plan of $ 0.4 million, $ 2.8 million and $ 1.3 million, respectively, recorded in Selling, general and administrative expenses, as a result of this financial improvement plan. | text | 0.4 | monetaryItemType | text: <entity> 0.4 </entity> <entity type> monetaryItemType </entity type> <context> Effective July 1, 2016, the DN Pensionskasse was subject to a financial improvement plan, which expired on December 31, 2022, with the final contribution in the second quarter of 2023. This financial improvement plan called for increased capital reserves to avoid future underfunding risk. During the years ended December 31, 2023, 2022 and 2021, the Company made contributions for its employees covered under this plan of $ 0.4 million, $ 2.8 million and $ 1.3 million, respectively, recorded in Selling, general and administrative expenses, as a result of this financial improvement plan. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Effective July 1, 2016, the DN Pensionskasse was subject to a financial improvement plan, which expired on December 31, 2022, with the final contribution in the second quarter of 2023. This financial improvement plan called for increased capital reserves to avoid future underfunding risk. During the years ended December 31, 2023, 2022 and 2021, the Company made contributions for its employees covered under this plan of $ 0.4 million, $ 2.8 million and $ 1.3 million, respectively, recorded in Selling, general and administrative expenses, as a result of this financial improvement plan. | text | 2.8 | monetaryItemType | text: <entity> 2.8 </entity> <entity type> monetaryItemType </entity type> <context> Effective July 1, 2016, the DN Pensionskasse was subject to a financial improvement plan, which expired on December 31, 2022, with the final contribution in the second quarter of 2023. This financial improvement plan called for increased capital reserves to avoid future underfunding risk. During the years ended December 31, 2023, 2022 and 2021, the Company made contributions for its employees covered under this plan of $ 0.4 million, $ 2.8 million and $ 1.3 million, respectively, recorded in Selling, general and administrative expenses, as a result of this financial improvement plan. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Effective July 1, 2016, the DN Pensionskasse was subject to a financial improvement plan, which expired on December 31, 2022, with the final contribution in the second quarter of 2023. This financial improvement plan called for increased capital reserves to avoid future underfunding risk. During the years ended December 31, 2023, 2022 and 2021, the Company made contributions for its employees covered under this plan of $ 0.4 million, $ 2.8 million and $ 1.3 million, respectively, recorded in Selling, general and administrative expenses, as a result of this financial improvement plan. | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> Effective July 1, 2016, the DN Pensionskasse was subject to a financial improvement plan, which expired on December 31, 2022, with the final contribution in the second quarter of 2023. This financial improvement plan called for increased capital reserves to avoid future underfunding risk. During the years ended December 31, 2023, 2022 and 2021, the Company made contributions for its employees covered under this plan of $ 0.4 million, $ 2.8 million and $ 1.3 million, respectively, recorded in Selling, general and administrative expenses, as a result of this financial improvement plan. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
No individual component exceeds 5 % of total liabilities. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> No individual component exceeds 5 % of total liabilities. </context> | us-gaap:ConcentrationRiskPercentage1 |
Environmental remediation liabilities included discounted liabilities of $ 27.4 million and $ 30.1 million at December 31, 2023 and 2022, respectively, discounted at rates with a weighted-average of 3.7 % and 3.4 %, respectively, with the undiscounted amount totaling $ 55.4 million and $ 57.5 million at December 31, 2023 and 2022, respectively. For certain locations where the Company is operating groundwater monitoring and/or remediation systems, prior owners or insurers have assumed all or most of the responsibility. | text | 3.7 | percentItemType | text: <entity> 3.7 </entity> <entity type> percentItemType </entity type> <context> Environmental remediation liabilities included discounted liabilities of $ 27.4 million and $ 30.1 million at December 31, 2023 and 2022, respectively, discounted at rates with a weighted-average of 3.7 % and 3.4 %, respectively, with the undiscounted amount totaling $ 55.4 million and $ 57.5 million at December 31, 2023 and 2022, respectively. For certain locations where the Company is operating groundwater monitoring and/or remediation systems, prior owners or insurers have assumed all or most of the responsibility. </context> | us-gaap:AccrualForEnvironmentalLossContingenciesDiscountRate |
Environmental remediation liabilities included discounted liabilities of $ 27.4 million and $ 30.1 million at December 31, 2023 and 2022, respectively, discounted at rates with a weighted-average of 3.7 % and 3.4 %, respectively, with the undiscounted amount totaling $ 55.4 million and $ 57.5 million at December 31, 2023 and 2022, respectively. For certain locations where the Company is operating groundwater monitoring and/or remediation systems, prior owners or insurers have assumed all or most of the responsibility. | text | 3.4 | percentItemType | text: <entity> 3.4 </entity> <entity type> percentItemType </entity type> <context> Environmental remediation liabilities included discounted liabilities of $ 27.4 million and $ 30.1 million at December 31, 2023 and 2022, respectively, discounted at rates with a weighted-average of 3.7 % and 3.4 %, respectively, with the undiscounted amount totaling $ 55.4 million and $ 57.5 million at December 31, 2023 and 2022, respectively. For certain locations where the Company is operating groundwater monitoring and/or remediation systems, prior owners or insurers have assumed all or most of the responsibility. </context> | us-gaap:AccrualForEnvironmentalLossContingenciesDiscountRate |
On March 10, 2017, Albemarle moved in New York state court to compel arbitration, which was granted on January 8, 2018 (although Huntsman unsuccessfully appealed that decision). Huntsman’s arbitration demand asserted claims substantially similar to those asserted in its state court complaint, and sought various forms of legal remedies, including cost overruns, compensatory damages, expectation damages, punitive damages, and restitution. After a trial, the arbitration panel issued an award on October 28, 2021, awarding approximately $ 600 million (including interest) to be paid by Albemarle to Huntsman, in addition to the possibility of attorney’s fees, costs and expenses. Following the arbitration panel decision, Albemarle reached a settlement with Huntsman to pay $ 665 million in two equal installments, with the first payment made in December 2021. The second and final payment of $ 332.5 million was made in May 2022. As a result, the consolidated statements of income for the year ended December 31, 2021, includes expense of $ 657.4 million ($ 508.5 million net of income tax), inclusive of estimated possible legal fees incurred by Huntsman and other related obligations, to reflect the increase in liabilities for this legal matter. | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> On March 10, 2017, Albemarle moved in New York state court to compel arbitration, which was granted on January 8, 2018 (although Huntsman unsuccessfully appealed that decision). Huntsman’s arbitration demand asserted claims substantially similar to those asserted in its state court complaint, and sought various forms of legal remedies, including cost overruns, compensatory damages, expectation damages, punitive damages, and restitution. After a trial, the arbitration panel issued an award on October 28, 2021, awarding approximately $ 600 million (including interest) to be paid by Albemarle to Huntsman, in addition to the possibility of attorney’s fees, costs and expenses. Following the arbitration panel decision, Albemarle reached a settlement with Huntsman to pay $ 665 million in two equal installments, with the first payment made in December 2021. The second and final payment of $ 332.5 million was made in May 2022. As a result, the consolidated statements of income for the year ended December 31, 2021, includes expense of $ 657.4 million ($ 508.5 million net of income tax), inclusive of estimated possible legal fees incurred by Huntsman and other related obligations, to reflect the increase in liabilities for this legal matter. </context> | us-gaap:LossContingencyEstimateOfPossibleLoss |
On March 10, 2017, Albemarle moved in New York state court to compel arbitration, which was granted on January 8, 2018 (although Huntsman unsuccessfully appealed that decision). Huntsman’s arbitration demand asserted claims substantially similar to those asserted in its state court complaint, and sought various forms of legal remedies, including cost overruns, compensatory damages, expectation damages, punitive damages, and restitution. After a trial, the arbitration panel issued an award on October 28, 2021, awarding approximately $ 600 million (including interest) to be paid by Albemarle to Huntsman, in addition to the possibility of attorney’s fees, costs and expenses. Following the arbitration panel decision, Albemarle reached a settlement with Huntsman to pay $ 665 million in two equal installments, with the first payment made in December 2021. The second and final payment of $ 332.5 million was made in May 2022. As a result, the consolidated statements of income for the year ended December 31, 2021, includes expense of $ 657.4 million ($ 508.5 million net of income tax), inclusive of estimated possible legal fees incurred by Huntsman and other related obligations, to reflect the increase in liabilities for this legal matter. | text | 665 | monetaryItemType | text: <entity> 665 </entity> <entity type> monetaryItemType </entity type> <context> On March 10, 2017, Albemarle moved in New York state court to compel arbitration, which was granted on January 8, 2018 (although Huntsman unsuccessfully appealed that decision). Huntsman’s arbitration demand asserted claims substantially similar to those asserted in its state court complaint, and sought various forms of legal remedies, including cost overruns, compensatory damages, expectation damages, punitive damages, and restitution. After a trial, the arbitration panel issued an award on October 28, 2021, awarding approximately $ 600 million (including interest) to be paid by Albemarle to Huntsman, in addition to the possibility of attorney’s fees, costs and expenses. Following the arbitration panel decision, Albemarle reached a settlement with Huntsman to pay $ 665 million in two equal installments, with the first payment made in December 2021. The second and final payment of $ 332.5 million was made in May 2022. As a result, the consolidated statements of income for the year ended December 31, 2021, includes expense of $ 657.4 million ($ 508.5 million net of income tax), inclusive of estimated possible legal fees incurred by Huntsman and other related obligations, to reflect the increase in liabilities for this legal matter. </context> | us-gaap:LitigationSettlementExpense |
On March 10, 2017, Albemarle moved in New York state court to compel arbitration, which was granted on January 8, 2018 (although Huntsman unsuccessfully appealed that decision). Huntsman’s arbitration demand asserted claims substantially similar to those asserted in its state court complaint, and sought various forms of legal remedies, including cost overruns, compensatory damages, expectation damages, punitive damages, and restitution. After a trial, the arbitration panel issued an award on October 28, 2021, awarding approximately $ 600 million (including interest) to be paid by Albemarle to Huntsman, in addition to the possibility of attorney’s fees, costs and expenses. Following the arbitration panel decision, Albemarle reached a settlement with Huntsman to pay $ 665 million in two equal installments, with the first payment made in December 2021. The second and final payment of $ 332.5 million was made in May 2022. As a result, the consolidated statements of income for the year ended December 31, 2021, includes expense of $ 657.4 million ($ 508.5 million net of income tax), inclusive of estimated possible legal fees incurred by Huntsman and other related obligations, to reflect the increase in liabilities for this legal matter. | text | 332.5 | monetaryItemType | text: <entity> 332.5 </entity> <entity type> monetaryItemType </entity type> <context> On March 10, 2017, Albemarle moved in New York state court to compel arbitration, which was granted on January 8, 2018 (although Huntsman unsuccessfully appealed that decision). Huntsman’s arbitration demand asserted claims substantially similar to those asserted in its state court complaint, and sought various forms of legal remedies, including cost overruns, compensatory damages, expectation damages, punitive damages, and restitution. After a trial, the arbitration panel issued an award on October 28, 2021, awarding approximately $ 600 million (including interest) to be paid by Albemarle to Huntsman, in addition to the possibility of attorney’s fees, costs and expenses. Following the arbitration panel decision, Albemarle reached a settlement with Huntsman to pay $ 665 million in two equal installments, with the first payment made in December 2021. The second and final payment of $ 332.5 million was made in May 2022. As a result, the consolidated statements of income for the year ended December 31, 2021, includes expense of $ 657.4 million ($ 508.5 million net of income tax), inclusive of estimated possible legal fees incurred by Huntsman and other related obligations, to reflect the increase in liabilities for this legal matter. </context> | us-gaap:PaymentsForLegalSettlements |
In September 2023, the Company finalized agreements to resolve these matters with the DOJ and SEC. The DPP has confirmed it will not pursue action in this matter. In connection with this resolution, which relates to conduct prior to 2018, we entered into a non-prosecution agreement with the DOJ and an administrative resolution with the SEC, pursuant to which we paid a total of $ 218.5 million in aggregate fines, disgorgement, and prejudgment interest to the DOJ and SEC. The resolution does not include a compliance monitorship, although the Company has agreed to certain ongoing compliance reporting obligations. | text | 218.5 | monetaryItemType | text: <entity> 218.5 </entity> <entity type> monetaryItemType </entity type> <context> In September 2023, the Company finalized agreements to resolve these matters with the DOJ and SEC. The DPP has confirmed it will not pursue action in this matter. In connection with this resolution, which relates to conduct prior to 2018, we entered into a non-prosecution agreement with the DOJ and an administrative resolution with the SEC, pursuant to which we paid a total of $ 218.5 million in aggregate fines, disgorgement, and prejudgment interest to the DOJ and SEC. The resolution does not include a compliance monitorship, although the Company has agreed to certain ongoing compliance reporting obligations. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
During the year ended December 31, 2023, the Company recorded a charge of $ 218.5 million in Selling, General and Administrative Expenses in its consolidated statement of operations and accrued a corresponding liability on its consolidated balance sheet for these agreements. The agreed upon amounts were paid to the DOJ and SEC in October 2023, with this matter considered finalized and no future financial obligations expected. | text | 218.5 | monetaryItemType | text: <entity> 218.5 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, the Company recorded a charge of $ 218.5 million in Selling, General and Administrative Expenses in its consolidated statement of operations and accrued a corresponding liability on its consolidated balance sheet for these agreements. The agreed upon amounts were paid to the DOJ and SEC in October 2023, with this matter considered finalized and no future financial obligations expected. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
under the Incentive Plan is 4,500,000 shares. The adoption of the Incentive Plan did not affect awards already granted under the Albemarle Corporation 2008 Incentive Plan. In February 2023, the Company adopted the Albemarle Corporation 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors (the “Non-Employee Directors Plan”). The Non-Employee Directors Plan replaced the 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors, which expired by its terms in May 2023. Under the Non-Employee Directors Plan, a maximum aggregate number of 500,000 shares of our common stock is authorized for issuance to the Company’s non-employee directors; any shares remaining available for issuance under the prior plans were canceled. The aggregate fair market value of shares that may be issued to a director during any compensation year (as defined in the Non-Employee Directors Plan, generally July 1 to June 30) shall not exceed $ 750,000 . At December 31, 2023, there were 3,072,368 shares available for grant under the Incentive Plan and 493,250 shares available for grant under the Non-Employee Directors Plan. | text | 500000 | sharesItemType | text: <entity> 500000 </entity> <entity type> sharesItemType </entity type> <context> under the Incentive Plan is 4,500,000 shares. The adoption of the Incentive Plan did not affect awards already granted under the Albemarle Corporation 2008 Incentive Plan. In February 2023, the Company adopted the Albemarle Corporation 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors (the “Non-Employee Directors Plan”). The Non-Employee Directors Plan replaced the 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors, which expired by its terms in May 2023. Under the Non-Employee Directors Plan, a maximum aggregate number of 500,000 shares of our common stock is authorized for issuance to the Company’s non-employee directors; any shares remaining available for issuance under the prior plans were canceled. The aggregate fair market value of shares that may be issued to a director during any compensation year (as defined in the Non-Employee Directors Plan, generally July 1 to June 30) shall not exceed $ 750,000 . At December 31, 2023, there were 3,072,368 shares available for grant under the Incentive Plan and 493,250 shares available for grant under the Non-Employee Directors Plan. </context> | us-gaap:CommonStockSharesAuthorized |
under the Incentive Plan is 4,500,000 shares. The adoption of the Incentive Plan did not affect awards already granted under the Albemarle Corporation 2008 Incentive Plan. In February 2023, the Company adopted the Albemarle Corporation 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors (the “Non-Employee Directors Plan”). The Non-Employee Directors Plan replaced the 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors, which expired by its terms in May 2023. Under the Non-Employee Directors Plan, a maximum aggregate number of 500,000 shares of our common stock is authorized for issuance to the Company’s non-employee directors; any shares remaining available for issuance under the prior plans were canceled. The aggregate fair market value of shares that may be issued to a director during any compensation year (as defined in the Non-Employee Directors Plan, generally July 1 to June 30) shall not exceed $ 750,000 . At December 31, 2023, there were 3,072,368 shares available for grant under the Incentive Plan and 493,250 shares available for grant under the Non-Employee Directors Plan. | text | 3072368 | sharesItemType | text: <entity> 3072368 </entity> <entity type> sharesItemType </entity type> <context> under the Incentive Plan is 4,500,000 shares. The adoption of the Incentive Plan did not affect awards already granted under the Albemarle Corporation 2008 Incentive Plan. In February 2023, the Company adopted the Albemarle Corporation 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors (the “Non-Employee Directors Plan”). The Non-Employee Directors Plan replaced the 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors, which expired by its terms in May 2023. Under the Non-Employee Directors Plan, a maximum aggregate number of 500,000 shares of our common stock is authorized for issuance to the Company’s non-employee directors; any shares remaining available for issuance under the prior plans were canceled. The aggregate fair market value of shares that may be issued to a director during any compensation year (as defined in the Non-Employee Directors Plan, generally July 1 to June 30) shall not exceed $ 750,000 . At December 31, 2023, there were 3,072,368 shares available for grant under the Incentive Plan and 493,250 shares available for grant under the Non-Employee Directors Plan. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
under the Incentive Plan is 4,500,000 shares. The adoption of the Incentive Plan did not affect awards already granted under the Albemarle Corporation 2008 Incentive Plan. In February 2023, the Company adopted the Albemarle Corporation 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors (the “Non-Employee Directors Plan”). The Non-Employee Directors Plan replaced the 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors, which expired by its terms in May 2023. Under the Non-Employee Directors Plan, a maximum aggregate number of 500,000 shares of our common stock is authorized for issuance to the Company’s non-employee directors; any shares remaining available for issuance under the prior plans were canceled. The aggregate fair market value of shares that may be issued to a director during any compensation year (as defined in the Non-Employee Directors Plan, generally July 1 to June 30) shall not exceed $ 750,000 . At December 31, 2023, there were 3,072,368 shares available for grant under the Incentive Plan and 493,250 shares available for grant under the Non-Employee Directors Plan. | text | 493250 | sharesItemType | text: <entity> 493250 </entity> <entity type> sharesItemType </entity type> <context> under the Incentive Plan is 4,500,000 shares. The adoption of the Incentive Plan did not affect awards already granted under the Albemarle Corporation 2008 Incentive Plan. In February 2023, the Company adopted the Albemarle Corporation 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors (the “Non-Employee Directors Plan”). The Non-Employee Directors Plan replaced the 2013 Stock Compensation and Deferral Election Plan for Non-Employee Directors, which expired by its terms in May 2023. Under the Non-Employee Directors Plan, a maximum aggregate number of 500,000 shares of our common stock is authorized for issuance to the Company’s non-employee directors; any shares remaining available for issuance under the prior plans were canceled. The aggregate fair market value of shares that may be issued to a director during any compensation year (as defined in the Non-Employee Directors Plan, generally July 1 to June 30) shall not exceed $ 750,000 . At December 31, 2023, there were 3,072,368 shares available for grant under the Incentive Plan and 493,250 shares available for grant under the Non-Employee Directors Plan. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. | text | 39.0 | monetaryItemType | text: <entity> 39.0 </entity> <entity type> monetaryItemType </entity type> <context> Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. </context> | us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue |
Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. | text | 31.4 | monetaryItemType | text: <entity> 31.4 </entity> <entity type> monetaryItemType </entity type> <context> Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. </context> | us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue |
Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. | text | 18.8 | monetaryItemType | text: <entity> 18.8 </entity> <entity type> monetaryItemType </entity type> <context> Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. </context> | us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue |
Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. | text | 4.6 | monetaryItemType | text: <entity> 4.6 </entity> <entity type> monetaryItemType </entity type> <context> Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. | text | 4.0 | monetaryItemType | text: <entity> 4.0 </entity> <entity type> monetaryItemType </entity type> <context> Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> Total stock-based compensation expense associated with our incentive plans for the years ended December 31, 2023, 2022 and 2021 amounted to $ 39.0 million, $ 31.4 million and $ 18.8 million, respectively, and is included in Cost of goods sold and Selling, general and administrative expenses in the consolidated statements of income. Total related recognized tax benefits for the years ended December 31, 2023, 2022 and 2021 amounted to $ 4.6 million, $ 4.0 million and $ 2.3 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense |
We granted 51,316 , 57,348 and 62,479 stock options during 2023, 2022 and 2021, respectively. There were no significant modifications made to any share-based grants during these periods. | text | 51316 | sharesItemType | text: <entity> 51316 </entity> <entity type> sharesItemType </entity type> <context> We granted 51,316 , 57,348 and 62,479 stock options during 2023, 2022 and 2021, respectively. There were no significant modifications made to any share-based grants during these periods. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross |
We granted 51,316 , 57,348 and 62,479 stock options during 2023, 2022 and 2021, respectively. There were no significant modifications made to any share-based grants during these periods. | text | 57348 | sharesItemType | text: <entity> 57348 </entity> <entity type> sharesItemType </entity type> <context> We granted 51,316 , 57,348 and 62,479 stock options during 2023, 2022 and 2021, respectively. There were no significant modifications made to any share-based grants during these periods. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross |
We granted 51,316 , 57,348 and 62,479 stock options during 2023, 2022 and 2021, respectively. There were no significant modifications made to any share-based grants during these periods. | text | 62479 | sharesItemType | text: <entity> 62479 </entity> <entity type> sharesItemType </entity type> <context> We granted 51,316 , 57,348 and 62,479 stock options during 2023, 2022 and 2021, respectively. There were no significant modifications made to any share-based grants during these periods. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross |
The intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021 was $ 0.5 million, $ 6.9 million and $ 37.2 million, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021 was $ 0.5 million, $ 6.9 million and $ 37.2 million, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021 was $ 0.5 million, $ 6.9 million and $ 37.2 million, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. | text | 6.9 | monetaryItemType | text: <entity> 6.9 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021 was $ 0.5 million, $ 6.9 million and $ 37.2 million, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021 was $ 0.5 million, $ 6.9 million and $ 37.2 million, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. | text | 37.2 | monetaryItemType | text: <entity> 37.2 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of options exercised during the years ended December 31, 2023, 2022 and 2021 was $ 0.5 million, $ 6.9 million and $ 37.2 million, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Total compensation cost not yet recognized for nonvested stock options outstanding as of December 31, 2023 is approximately $ 4.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. Cash proceeds from stock options exercised and tax benefits related to stock options exercised were $ 0.2 million and $ 0.1 million for | text | 4.2 | monetaryItemType | text: <entity> 4.2 </entity> <entity type> monetaryItemType </entity type> <context> Total compensation cost not yet recognized for nonvested stock options outstanding as of December 31, 2023 is approximately $ 4.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. Cash proceeds from stock options exercised and tax benefits related to stock options exercised were $ 0.2 million and $ 0.1 million for </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
Total compensation cost not yet recognized for nonvested stock options outstanding as of December 31, 2023 is approximately $ 4.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. Cash proceeds from stock options exercised and tax benefits related to stock options exercised were $ 0.2 million and $ 0.1 million for | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> Total compensation cost not yet recognized for nonvested stock options outstanding as of December 31, 2023 is approximately $ 4.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. Cash proceeds from stock options exercised and tax benefits related to stock options exercised were $ 0.2 million and $ 0.1 million for </context> | us-gaap:ProceedsFromStockOptionsExercised |
Total compensation cost not yet recognized for nonvested stock options outstanding as of December 31, 2023 is approximately $ 4.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. Cash proceeds from stock options exercised and tax benefits related to stock options exercised were $ 0.2 million and $ 0.1 million for | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> Total compensation cost not yet recognized for nonvested stock options outstanding as of December 31, 2023 is approximately $ 4.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. Cash proceeds from stock options exercised and tax benefits related to stock options exercised were $ 0.2 million and $ 0.1 million for </context> | us-gaap:DeferredTaxExpenseFromStockOptionsExercised |
The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. | text | 17.2 | monetaryItemType | text: <entity> 17.2 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. | text | 11.9 | monetaryItemType | text: <entity> 11.9 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. | text | 5.8 | monetaryItemType | text: <entity> 5.8 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. | text | 24.8 | monetaryItemType | text: <entity> 24.8 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average fair value of performance unit awards that vested during 2023, 2022 and 2021 was $ 17.2 million, $ 11.9 million and $ 5.8 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested performance unit awards outstanding as of December 31, 2023 is approximately $ 24.8 million, calculated based on current expectation of specific performance criteria, and is expected to be recognized over a remaining weighted-average period of approximately 1.5 years. Each performance unit represents one share of common stock. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. | text | 38.8 | monetaryItemType | text: <entity> 38.8 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. | text | 17.8 | monetaryItemType | text: <entity> 17.8 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. | text | 11.0 | monetaryItemType | text: <entity> 11.0 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. | text | 20.2 | monetaryItemType | text: <entity> 20.2 </entity> <entity type> monetaryItemType </entity type> <context> The weighted average grant date fair value of restricted stock and restricted stock unit awards granted in 2023, 2022 and 2021 was $ 19.4 million, $ 15.4 million and $ 10.6 million, respectively. The weighted average fair value of restricted stock and restricted stock unit awards that vested in 2023, 2022 and 2021 was $ 38.8 million, $ 17.8 million and $ 11.0 million, respectively, based on the closing prices of our common stock on the dates of vesting. Total compensation cost not yet recognized for nonvested, non-performance based restricted stock and restricted stock units as of December 31, 2023 is approximately $ 20.2 million and is expected to be recognized over a remaining weighted-average period of 1.9 years. The fair value of the non-performance based restricted stock and restricted stock units was estimated on the date of grant adjusted for a dividend factor, if necessary. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
During the first quarter of 2021, the net investment hedge was discontinued following the repayment of the 1.875 % Euro-denominated | text | 1.875 | percentItemType | text: <entity> 1.875 </entity> <entity type> percentItemType </entity type> <context> During the first quarter of 2021, the net investment hedge was discontinued following the repayment of the 1.875 % Euro-denominated </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Due to the Company being in a three-year cumulative loss position in China as of December 31, 2023, the year ended December 31, 2023 includes the establishment of a valuation allowance of $ 223.0 million on current year losses in one of our Chinese entities. The years ended December 31, 2022 and 2021 include benefits of $ 91.8 million and $ 6.0 million, respectively, due to the release of a foreign valuation allowance due to changes in expected profitability. | text | 223.0 | monetaryItemType | text: <entity> 223.0 </entity> <entity type> monetaryItemType </entity type> <context> Due to the Company being in a three-year cumulative loss position in China as of December 31, 2023, the year ended December 31, 2023 includes the establishment of a valuation allowance of $ 223.0 million on current year losses in one of our Chinese entities. The years ended December 31, 2022 and 2021 include benefits of $ 91.8 million and $ 6.0 million, respectively, due to the release of a foreign valuation allowance due to changes in expected profitability. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
Due to the Company being in a three-year cumulative loss position in China as of December 31, 2023, the year ended December 31, 2023 includes the establishment of a valuation allowance of $ 223.0 million on current year losses in one of our Chinese entities. The years ended December 31, 2022 and 2021 include benefits of $ 91.8 million and $ 6.0 million, respectively, due to the release of a foreign valuation allowance due to changes in expected profitability. | text | 91.8 | monetaryItemType | text: <entity> 91.8 </entity> <entity type> monetaryItemType </entity type> <context> Due to the Company being in a three-year cumulative loss position in China as of December 31, 2023, the year ended December 31, 2023 includes the establishment of a valuation allowance of $ 223.0 million on current year losses in one of our Chinese entities. The years ended December 31, 2022 and 2021 include benefits of $ 91.8 million and $ 6.0 million, respectively, due to the release of a foreign valuation allowance due to changes in expected profitability. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
Due to the Company being in a three-year cumulative loss position in China as of December 31, 2023, the year ended December 31, 2023 includes the establishment of a valuation allowance of $ 223.0 million on current year losses in one of our Chinese entities. The years ended December 31, 2022 and 2021 include benefits of $ 91.8 million and $ 6.0 million, respectively, due to the release of a foreign valuation allowance due to changes in expected profitability. | text | 6.0 | monetaryItemType | text: <entity> 6.0 </entity> <entity type> monetaryItemType </entity type> <context> Due to the Company being in a three-year cumulative loss position in China as of December 31, 2023, the year ended December 31, 2023 includes the establishment of a valuation allowance of $ 223.0 million on current year losses in one of our Chinese entities. The years ended December 31, 2022 and 2021 include benefits of $ 91.8 million and $ 6.0 million, respectively, due to the release of a foreign valuation allowance due to changes in expected profitability. </context> | us-gaap:IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance |
The year ended December 31, 2021 includes a discrete tax benefit of $ 27.9 million related to the revision of an indemnification estimate for an ongoing tax-related matter in Germany. | text | 27.9 | monetaryItemType | text: <entity> 27.9 </entity> <entity type> monetaryItemType </entity type> <context> The year ended December 31, 2021 includes a discrete tax benefit of $ 27.9 million related to the revision of an indemnification estimate for an ongoing tax-related matter in Germany. </context> | us-gaap:IncomeTaxExpenseBenefit |
Our statutory rate is decreased by our share of the income of JBC, a Free Zones company under the laws of the Hashemite Kingdom of Jordan. The applicable provisions of the Jordanian law, and applicable regulations thereunder, do not have a termination provision and the exemption is indefinite. As a Free Zones company, JBC is not subject to income taxes on the profits of products exported from Jordan, and currently, substantially all of the profits are from exports. This resulted in a rate benefit of 20.1 %, 3.2 %, and 34.6 % for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 20.1 | percentItemType | text: <entity> 20.1 </entity> <entity type> percentItemType </entity type> <context> Our statutory rate is decreased by our share of the income of JBC, a Free Zones company under the laws of the Hashemite Kingdom of Jordan. The applicable provisions of the Jordanian law, and applicable regulations thereunder, do not have a termination provision and the exemption is indefinite. As a Free Zones company, JBC is not subject to income taxes on the profits of products exported from Jordan, and currently, substantially all of the profits are from exports. This resulted in a rate benefit of 20.1 %, 3.2 %, and 34.6 % for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential |
Our statutory rate is decreased by our share of the income of JBC, a Free Zones company under the laws of the Hashemite Kingdom of Jordan. The applicable provisions of the Jordanian law, and applicable regulations thereunder, do not have a termination provision and the exemption is indefinite. As a Free Zones company, JBC is not subject to income taxes on the profits of products exported from Jordan, and currently, substantially all of the profits are from exports. This resulted in a rate benefit of 20.1 %, 3.2 %, and 34.6 % for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 3.2 | percentItemType | text: <entity> 3.2 </entity> <entity type> percentItemType </entity type> <context> Our statutory rate is decreased by our share of the income of JBC, a Free Zones company under the laws of the Hashemite Kingdom of Jordan. The applicable provisions of the Jordanian law, and applicable regulations thereunder, do not have a termination provision and the exemption is indefinite. As a Free Zones company, JBC is not subject to income taxes on the profits of products exported from Jordan, and currently, substantially all of the profits are from exports. This resulted in a rate benefit of 20.1 %, 3.2 %, and 34.6 % for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential |
Our statutory rate is decreased by our share of the income of JBC, a Free Zones company under the laws of the Hashemite Kingdom of Jordan. The applicable provisions of the Jordanian law, and applicable regulations thereunder, do not have a termination provision and the exemption is indefinite. As a Free Zones company, JBC is not subject to income taxes on the profits of products exported from Jordan, and currently, substantially all of the profits are from exports. This resulted in a rate benefit of 20.1 %, 3.2 %, and 34.6 % for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 34.6 | percentItemType | text: <entity> 34.6 </entity> <entity type> percentItemType </entity type> <context> Our statutory rate is decreased by our share of the income of JBC, a Free Zones company under the laws of the Hashemite Kingdom of Jordan. The applicable provisions of the Jordanian law, and applicable regulations thereunder, do not have a termination provision and the exemption is indefinite. As a Free Zones company, JBC is not subject to income taxes on the profits of products exported from Jordan, and currently, substantially all of the profits are from exports. This resulted in a rate benefit of 20.1 %, 3.2 %, and 34.6 % for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential |
The year ended December 31, 2023 includes a $ 96.5 million expense recorded for a current year tax reserve related to an uncertain tax position in Chile. | text | 96.5 | monetaryItemType | text: <entity> 96.5 </entity> <entity type> monetaryItemType </entity type> <context> The year ended December 31, 2023 includes a $ 96.5 million expense recorded for a current year tax reserve related to an uncertain tax position in Chile. </context> | us-gaap:UnrecognizedTaxBenefitsDecreasesResultingFromCurrentPeriodTaxPositions |
The year ended December 31, 2023 includes the tax impact of a non-deductible $ 218.5 million legal accrual recorded for the agreements to resolve a previously disclosed legal matter with the DOJ and SEC during the year ended December 31, 2023. See Note 17, “Commitments and Contingencies,” for further details on this matter. | text | 218.5 | monetaryItemType | text: <entity> 218.5 </entity> <entity type> monetaryItemType </entity type> <context> The year ended December 31, 2023 includes the tax impact of a non-deductible $ 218.5 million legal accrual recorded for the agreements to resolve a previously disclosed legal matter with the DOJ and SEC during the year ended December 31, 2023. See Note 17, “Commitments and Contingencies,” for further details on this matter. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
At December 31, 2023, we had approximately $ 1.4 million of domestic credits available to offset future payments of income taxes, expiring in varying amounts between 2024 and 2028. We have established valuation allowances for $ 0.1 million of those domestic credits since we believe that it is more likely than not that the related deferred tax assets will not be realized. We believe that sufficient taxable income will be generated during the carryover period in order to utilize the other remaining credit carryovers. | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we had approximately $ 1.4 million of domestic credits available to offset future payments of income taxes, expiring in varying amounts between 2024 and 2028. We have established valuation allowances for $ 0.1 million of those domestic credits since we believe that it is more likely than not that the related deferred tax assets will not be realized. We believe that sufficient taxable income will be generated during the carryover period in order to utilize the other remaining credit carryovers. </context> | us-gaap:DeferredTaxAssetsTaxCreditCarryforwards |
At December 31, 2023, we had approximately $ 1.4 million of domestic credits available to offset future payments of income taxes, expiring in varying amounts between 2024 and 2028. We have established valuation allowances for $ 0.1 million of those domestic credits since we believe that it is more likely than not that the related deferred tax assets will not be realized. We believe that sufficient taxable income will be generated during the carryover period in order to utilize the other remaining credit carryovers. | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we had approximately $ 1.4 million of domestic credits available to offset future payments of income taxes, expiring in varying amounts between 2024 and 2028. We have established valuation allowances for $ 0.1 million of those domestic credits since we believe that it is more likely than not that the related deferred tax assets will not be realized. We believe that sufficient taxable income will be generated during the carryover period in order to utilize the other remaining credit carryovers. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 355.5 | monetaryItemType | text: <entity> 355.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 13.8 | monetaryItemType | text: <entity> 13.8 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwardsValuationAllowance |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 5.2 | monetaryItemType | text: <entity> 5.2 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 5.1 | monetaryItemType | text: <entity> 5.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwardsValuationAllowance |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 643.5 | monetaryItemType | text: <entity> 643.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 2.7 | monetaryItemType | text: <entity> 2.7 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 215.1 | monetaryItemType | text: <entity> 215.1 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 19.7 | monetaryItemType | text: <entity> 19.7 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 14.3 | monetaryItemType | text: <entity> 14.3 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 1.6 | monetaryItemType | text: <entity> 1.6 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:OperatingLossCarryforwards |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 250.9 | monetaryItemType | text: <entity> 250.9 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. | text | 265.5 | monetaryItemType | text: <entity> 265.5 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2023, we have on a pre-tax basis, domestic state net operating losses of $ 355.5 million, expiring between 2022 and 2041, which have pre-tax valuation allowances of $ 13.8 million established. In addition, we have on a pre-tax basis $ 5.2 billion of foreign net operating losses, which have pre-tax valuation allowances for $ 5.1 billion established. $ 643.5 million of these foreign net operating losses expire in 2028, $ 2.7 billion expire in 2035, $ 215.1 million expire in 2036. $ 19.7 million expire in 2037, $ 14.3 million expire at various other dates and $ 1.6 billion have an indefinite life. We have established valuation allowances for these deferred tax assets since we believe that it is more likely than not that the related deferred tax assets will not be realized. For the same reason, we established pre-tax valuation allowances of $ 250.9 million and $ 265.5 million for other state and foreign deferred tax assets, respectively, unrelated to net operating losses. The realization of the deferred tax assets is dependent on the generation of sufficient taxable income in the appropriate tax jurisdictions. Although realization is not assured, we believe it is more likely than not that the remaining deferred tax assets will be realized. However, the amount considered realizable could be reduced if estimates of future taxable income change. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
As of December 31, 2023, we have not recorded taxes on approximately $ 11.1 billion of cumulative undistributed earnings of our non-U.S. subsidiaries and joint ventures. The TCJA imposed a mandatory transition tax on accumulated foreign | text | 11.1 | monetaryItemType | text: <entity> 11.1 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, we have not recorded taxes on approximately $ 11.1 billion of cumulative undistributed earnings of our non-U.S. subsidiaries and joint ventures. The TCJA imposed a mandatory transition tax on accumulated foreign </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. | text | 220.6 | monetaryItemType | text: <entity> 220.6 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. </context> | us-gaap:LiabilityForUncertainTaxPositionsNoncurrent |
Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. | text | 83.7 | monetaryItemType | text: <entity> 83.7 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. </context> | us-gaap:LiabilityForUncertainTaxPositionsNoncurrent |
Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. | text | 42.0 | monetaryItemType | text: <entity> 42.0 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. | text | 11.5 | monetaryItemType | text: <entity> 11.5 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities related to uncertain tax positions were $ 220.6 million and $ 83.7 million at December 31, 2023 and 2022, respectively, inclusive of interest and penalties of $ 42.0 million and $ 11.5 million at December 31, 2023 and 2022, respectively, and are reported in Other noncurrent liabilities as provided in Note 16, “Other Noncurrent Liabilities.” These liabilities at December 31, 2023 and 2022 were reduced by $ 73.0 million and $ 32.4 million, respectively, for offsetting benefits from the corresponding effects of potential transfer pricing adjustments, state and local income taxes, and rate arbitrage related to foreign structure. These offsetting benefits are recorded in Other assets as provided in Note 11, “Other Assets.” The resulting net liability of $ 105.6 million as of December 31, 2023 would favorably affect earnings if recognized and released, while the net liability of $ 39.8 million at December 31, 2022 would favorably affect earnings if recognized and released. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
The liabilities related to uncertain tax positions, exclusive of interest, were $ 178.8 million and $ 72.2 million at December 31, 2023 and 2022, respectively. The following is a reconciliation of our total gross liability related to uncertain tax positions for 2023, 2022 and 2021 (in thousands): | text | 178.8 | monetaryItemType | text: <entity> 178.8 </entity> <entity type> monetaryItemType </entity type> <context> The liabilities related to uncertain tax positions, exclusive of interest, were $ 178.8 million and $ 72.2 million at December 31, 2023 and 2022, respectively. The following is a reconciliation of our total gross liability related to uncertain tax positions for 2023, 2022 and 2021 (in thousands): </context> | us-gaap:UnrecognizedTaxBenefits |
The liabilities related to uncertain tax positions, exclusive of interest, were $ 178.8 million and $ 72.2 million at December 31, 2023 and 2022, respectively. The following is a reconciliation of our total gross liability related to uncertain tax positions for 2023, 2022 and 2021 (in thousands): | text | 72.2 | monetaryItemType | text: <entity> 72.2 </entity> <entity type> monetaryItemType </entity type> <context> The liabilities related to uncertain tax positions, exclusive of interest, were $ 178.8 million and $ 72.2 million at December 31, 2023 and 2022, respectively. The following is a reconciliation of our total gross liability related to uncertain tax positions for 2023, 2022 and 2021 (in thousands): </context> | us-gaap:UnrecognizedTaxBenefits |
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