2022 Q3 Form 10-K Financial Statement

#000005524222000039 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $494.8M $530.0M $2.012B
YoY Change 2.33% 2.72% 9.29%
Cost Of Revenue $334.8M $359.8M $1.364B
YoY Change 3.74% 6.45% 5.86%
Gross Profit $160.0M $170.3M $648.0M
YoY Change -0.49% -4.35% 17.29%
Gross Profit Margin 32.33% 32.12% 32.2%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $10.60M $10.80M $42.10M
YoY Change 3.92% 0.0% 6.58%
% of Gross Profit 6.63% 6.34% 6.5%
Depreciation & Amortization $29.46M $33.94M $131.7M
YoY Change 1.15% 3.52% 4.1%
% of Gross Profit 18.42% 19.94% 20.32%
Operating Expenses $108.3M $105.9M $419.1M
YoY Change 5.44% -5.44% 2.91%
Operating Profit $48.53M $64.35M $218.1M
YoY Change -11.13% -2.52% 113.51%
Interest Expense $6.638M -$6.697M $25.91M
YoY Change 5.02% 2.21% -44.12%
% of Operating Profit 13.68% -10.41% 11.88%
Other Income/Expense, Net -$1.009M $3.378M $14.51M
YoY Change -129.17% -298.59% 63.61%
Pretax Income $40.88M $59.35M $206.7M
YoY Change -21.0% 12.96% 219.72%
Income Tax $11.24M $16.50M $56.53M
% Of Pretax Income 27.5% 27.8% 27.35%
Net Earnings $28.20M $41.71M $144.6M
YoY Change -22.11% 18.83% 165.69%
Net Earnings / Revenue 5.7% 7.87% 7.19%
Basic Earnings Per Share $0.35 $1.74
Diluted Earnings Per Share $0.34 $502.7K $1.72
COMMON SHARES
Basic Shares Outstanding 81.34M shares 82.64M shares 83.25M shares
Diluted Shares Outstanding 82.17M shares 83.94M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.57M $85.59M $85.59M
YoY Change -39.83% -44.44% -44.44%
Cash & Equivalents $64.57M $85.59M $85.59M
Short-Term Investments
Other Short-Term Assets $76.73M $72.94M $72.94M
YoY Change 2.44% 2.06% 2.06%
Inventory $591.5M $570.8M $570.8M
Prepaid Expenses
Receivables $278.7M $295.3M $295.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.011B $1.025B $1.025B
YoY Change 4.61% 1.98% 1.98%
LONG-TERM ASSETS
Property, Plant & Equipment $972.5M $1.002B $1.049B
YoY Change -6.17% -5.03% -5.09%
Goodwill $257.9M $264.2M
YoY Change -6.17% -4.82%
Intangibles $101.6M $105.7M
YoY Change -12.79% -11.93%
Long-Term Investments
YoY Change
Other Assets $75.95M $8.579M $129.6M
YoY Change -28.69% -12.88% -17.87%
Total Long-Term Assets $1.505B $1.549B $1.549B
YoY Change -8.28% -6.75% -6.75%
TOTAL ASSETS
Total Short-Term Assets $1.011B $1.025B $1.025B
Total Long-Term Assets $1.505B $1.549B $1.549B
Total Assets $2.516B $2.574B $2.574B
YoY Change -3.5% -3.46% -3.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $205.9M $227.9M $227.9M
YoY Change 16.3% 28.27% 28.27%
Accrued Expenses $40.83M $68.70M $132.9M
YoY Change -14.34% 11.72% -20.04%
Deferred Revenue
YoY Change
Short-Term Debt $85.24M $21.19M $21.19M
YoY Change 23062.77% 153.27% 153.27%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $497.5M $485.6M $485.6M
YoY Change 27.82% 11.03% 11.03%
LONG-TERM LIABILITIES
Long-Term Debt $594.6M $594.4M $594.4M
YoY Change 0.35% 0.38% 0.38%
Other Long-Term Liabilities $14.80M $15.37M $170.1M
YoY Change -52.72% -52.3% -30.39%
Total Long-Term Liabilities $14.80M $15.37M $764.4M
YoY Change -52.72% -52.3% -8.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $497.5M $485.6M $485.6M
Total Long-Term Liabilities $14.80M $15.37M $764.4M
Total Liabilities $1.278B $1.282B $1.321B
YoY Change 2.81% -1.18% -1.14%
SHAREHOLDERS EQUITY
Retained Earnings $1.083B $1.071B
YoY Change 6.97% 7.86%
Common Stock $580.0M $595.9M
YoY Change -11.49% -10.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.201B $1.253B $1.253B
YoY Change
Total Liabilities & Shareholders Equity $2.516B $2.574B $2.574B
YoY Change -3.5% -3.46% -3.46%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income $28.20M $41.71M $144.6M
YoY Change -22.11% 18.83% 165.69%
Depreciation, Depletion And Amortization $29.46M $33.94M $131.7M
YoY Change 1.15% 3.52% 4.1%
Cash From Operating Activities -$10.75M $88.42M $181.4M
YoY Change -168.01% -8.35% -23.01%
INVESTING ACTIVITIES
Capital Expenditures $29.48M -$36.77M $96.92M
YoY Change 65.23% 10.76% -23.86%
Acquisitions $0.00
YoY Change
Other Investing Activities $12.00K $157.0K -$60.00K
YoY Change -132.43% -94.81% -227.66%
Cash From Investing Activities -$29.29M -$36.62M -$94.94M
YoY Change 68.22% 20.94% -22.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $85.54M
YoY Change 43322.34%
Debt Paid & Issued, Net $0.00
YoY Change -100.0%
Cash From Financing Activities $23.13M -62.97M -$150.7M
YoY Change -152.63% 119.06% -73.75%
NET CHANGE
Cash From Operating Activities -$10.75M 88.42M $181.4M
Cash From Investing Activities -$29.29M -36.62M -$94.94M
Cash From Financing Activities $23.13M -62.97M -$150.7M
Net Change In Cash -$21.02M -11.16M -$68.46M
YoY Change -53.86% -129.8% -84.88%
FREE CASH FLOW
Cash From Operating Activities -$10.75M $88.42M $181.4M
Capital Expenditures $29.48M -$36.77M $96.92M
Free Cash Flow -$40.23M $125.2M $84.52M
YoY Change 1871.19% -3.46% -22.02%

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CY2022 us-gaap Nature Of Operations
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NATURE OF OPERATIONS<div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">With more than 80 years of materials expertise, the Company is a global industrial technology leader, helping customers across the aerospace, earthworks, energy, general engineering and transportation end markets manufacture with precision and efficiency. This expertise includes the development and application of tungsten carbides, ceramics, super-hard materials and solutions used in metal cutting and extreme wear applications to keep customers up and running longer against conditions such as corrosion and high temperatures.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our standard and custom product offering spans metal cutting and wear applications including turning, milling, hole making, tooling systems and services, as well as specialized wear components and metallurgical powders. End users of the Company's metal cutting products include manufacturers engaged in a diverse array of industries including: the manufacturers of transportation vehicles and components, machine tools and light and heavy machinery; airframe and aerospace components; and energy-related components for the oil and gas industry, as well as power generation. The Company’s wear and metallurgical powders are used by producers and suppliers in equipment-intensive operations such as road construction, mining, quarrying, and oil and gas exploration, refining, production and supply.</span></div><div style="margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Unless otherwise specified, any reference to a “year” is to a fiscal year ended June 30. When used in this Annual Report on Form 10-K, unless the context requires otherwise, the terms “we,” “our” and “us” refer to Kennametal Inc. and its subsidiaries.</span></div>
CY2022 us-gaap Use Of Estimates
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USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS In preparing our consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), we make judgments and estimates about the amounts reflected in our consolidated financial statements. As part of our financial reporting process, our management collaborates to determine the necessary information on which to base our judgments and develop estimates used to prepare the consolidated financial statements. We use historical experience and available information to make these judgments and estimates. Actual amounts could differ from the estimates reflected in our consolidated financial statements.
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CY2021Q2 us-gaap Inventory Net
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231214000 usd
CY2021Q2 us-gaap Inventory Work In Process
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CY2022Q2 us-gaap Inventory Raw Materials And Supplies
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107024000 usd
CY2021Q2 us-gaap Inventory Raw Materials And Supplies
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CY2021Q2 us-gaap Inventory Gross
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CY2022Q2 us-gaap Inventory Lifo Reserve
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CY2021Q2 us-gaap Inventory Lifo Reserve
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14600000 usd
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15600000 usd
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CY2020Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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810872000 usd
CY2020Q2 us-gaap Goodwill
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7035000 usd
CY2021Q2 us-gaap Goodwill Gross
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CY2021Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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810872000 usd
CY2021Q2 us-gaap Goodwill
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1075102000 usd
CY2022Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
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810872000 usd
CY2022Q2 us-gaap Goodwill
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264230000 usd
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2400000 usd
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6400000 usd
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266424000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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160699000 usd
CY2021Q2 us-gaap Intangible Assets Gross Excluding Goodwill
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274013000 usd
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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153972000 usd
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13000000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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14000000 usd
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13800000 usd
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12300000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
10700000 usd
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9600000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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9200000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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7700000 usd
CY2022 us-gaap Operating Lease Cost
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21300000 usd
CY2021 us-gaap Operating Lease Cost
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20200000 usd
CY2020 us-gaap Operating Lease Cost
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22600000 usd
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P8Y1M6D
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P8Y
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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0.032
CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.033
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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17592000 usd
CY2021 us-gaap Operating Lease Payments
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17651000 usd
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15635000 usd
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15430000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
13383000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo
10195000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour
4672000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive
3110000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Rolling Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive
16029000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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54763000 usd
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7034000 usd
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35270000 usd
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7938000 usd
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2561000 usd
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6019000 usd
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598544000 usd
CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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598306000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
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4180000 usd
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6198000 usd
CY2022Q2 us-gaap Long Term Debt And Capital Lease Obligations
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CY2021Q2 us-gaap Long Term Debt And Capital Lease Obligations
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10200000 usd
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9600000 usd
CY2022Q2 us-gaap Long Term Debt Fair Value
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536100000 usd
CY2021Q2 us-gaap Long Term Debt Fair Value
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CY2021Q2 us-gaap Other Notes Payable
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196624000 usd
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125435000 usd
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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206733000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
64660000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1960000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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1115000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
30726000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
45240000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
30898000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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1127000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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56532000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6243000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7007000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.273
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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3.575
CY2022 kmt Cares Act Period Of Preceding Taxable Years For Net Operating Loss Carryback
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1 usd
CY2022Q2 kmt Allowable Business Interest Deduction Percent Before Cares Act
AllowableBusinessInterestDeductionPercentBeforeCARESAct
0.30 usd
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AllowableBusinessInterestDeductionPercentAfterCARESAct
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CY2020 kmt Discrete Benefit For Swiss Tax Reform
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
43414000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
13579000 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
412000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1283000 usd
CY2022 kmt Us Income Tax Provided On International Income
UsIncomeTaxProvidedOnInternationalIncome
12815000 usd
CY2021 kmt Us Income Tax Provided On International Income
UsIncomeTaxProvidedOnInternationalIncome
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CY2020 kmt Us Income Tax Provided On International Income
UsIncomeTaxProvidedOnInternationalIncome
12422000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2747000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
5860000 usd
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
10583000 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
755000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2814000 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
3055000 usd
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
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CY2022 kmt Reconciliation Of Income Taxes Change In Indefinite Reinvestment Assertion
ReconciliationOfIncomeTaxesChangeInIndefiniteReinvestmentAssertion
775000 usd
CY2021 kmt Reconciliation Of Income Taxes Change In Indefinite Reinvestment Assertion
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0 usd
CY2020 kmt Reconciliation Of Income Taxes Change In Indefinite Reinvestment Assertion
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CY2020 kmt Discrete Benefit For Swiss Tax Reform
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CY2020 kmt Effective Income Tax Rate Reconciliation Combined Effects Of Uscares Act Amount
EffectiveIncomeTaxRateReconciliationCombinedEffectsOfUSCARESActAmount
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CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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659000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
401000 usd
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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44258000 usd
CY2022Q2 us-gaap Deferred Tax Assets Inventory
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11747000 usd
CY2021Q2 us-gaap Deferred Tax Assets Inventory
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CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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3050000 usd
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Postretirement Benefits
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3486000 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Benefits
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11168000 usd
CY2022Q2 kmt Deferred Tax Asset Tax Deferred Expense Operating Lease Liabilities
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CY2021Q2 kmt Deferred Tax Asset Tax Deferred Expense Operating Lease Liabilities
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CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
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CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
15596000 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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34930000 usd
CY2021Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
32490000 usd
CY2022Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
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CY2021Q2 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2022Q2 us-gaap Deferred Tax Assets Gross
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CY2021Q2 us-gaap Deferred Tax Assets Gross
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CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2022Q2 us-gaap Deferred Tax Assets Net
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CY2021Q2 us-gaap Deferred Tax Assets Net
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CY2022Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2021Q2 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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CY2022Q2 kmt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
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CY2021Q2 kmt Deferred Tax Liabilities Operating Lease Right Of Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightOfUseAssets
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CY2022Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
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7242000 usd
CY2021Q2 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
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CY2022Q2 kmt Deferred Tax Liabilities Pension Benefits
DeferredTaxLiabilitiesPensionBenefits
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CY2022Q2 us-gaap Deferred Tax Liabilities Other
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CY2021Q2 us-gaap Deferred Tax Liabilities Other
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7392000 usd
CY2022Q2 us-gaap Deferred Tax Liabilities
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CY2021Q2 us-gaap Deferred Tax Liabilities
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CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
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CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
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35032000 usd
CY2022Q2 kmt Deferred Tax Assets No Ls Tax Credits And Other Carryforwards
DeferredTaxAssetsNOLsTaxCreditsAndOtherCarryforwards
46200000 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
34900000 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
25900000 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2021 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2021 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax
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CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
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CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Before Reclassification And Tax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2020 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Restructuring And Related Cost Expected Cost1
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CY2022 us-gaap Restructuring And Related Cost Incurred Cost
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4200000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
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CY2021 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
40400000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
29600000 usd
CY2021 kmt Restructuring Charges Related To Inventory Disposals
RestructuringChargesRelatedToInventoryDisposals
500000 usd
CY2020 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
83300000 usd
CY2020 us-gaap Restructuring Charges
RestructuringCharges
69200000 usd
CY2020 kmt Restructuring Charges Related To Inventory Disposals
RestructuringChargesRelatedToInventoryDisposals
900000 usd
CY2022Q2 us-gaap Restructuring Reserve Current
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6000000 usd
CY2022Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
1900000 usd
CY2021Q2 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
19900000 usd
CY2021Q2 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
9900000 usd
CY2022Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
536100000 usd
CY2021Q2 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
644200000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
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CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.83
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
6916 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
31.69
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
36253 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
41.84
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
271843 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.45
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P1Y10M24D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
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271843 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
37.45
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y10M24D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
33000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
271843 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
37.45
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P1Y10M24D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
33000 usd
CY2022Q2 us-gaap Accrual For Environmental Loss Contingencies
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12500000 usd
CY2022Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
7900000 usd
CY2021Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
14700000 usd
CY2021Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
2600000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segment
CY2022 kmt Sales Toa Single Customer Did Not Aggregate More Than
SalesToaSingleCustomerDidNotAggregateMoreThan
0.05
CY2022 us-gaap Revenues
Revenues
2012456000 usd
CY2021 us-gaap Revenues
Revenues
1841441000 usd
CY2020 us-gaap Revenues
Revenues
1885305000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
218140000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
102168000 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
22252000 usd
CY2022 us-gaap Interest Expense
InterestExpense
25914000 usd
CY2021 us-gaap Interest Expense
InterestExpense
46375000 usd
CY2020 us-gaap Interest Expense
InterestExpense
35154000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14507000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
8867000 usd
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14862000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
206733000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
64660000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1960000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
131678000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
126488000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
119860000 usd
CY2022Q2 us-gaap Assets
Assets
2573524000 usd
CY2021Q2 us-gaap Assets
Assets
2665761000 usd
CY2020Q2 us-gaap Assets
Assets
3037591000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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96924000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
127302000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
244151000 usd
CY2022 us-gaap Revenues
Revenues
2012456000 usd
CY2021 us-gaap Revenues
Revenues
1841441000 usd
CY2020 us-gaap Revenues
Revenues
1885305000 usd
CY2022Q2 us-gaap Noncurrent Assets
NoncurrentAssets
1002041000 usd
CY2021Q2 us-gaap Noncurrent Assets
NoncurrentAssets
1055135000 usd
CY2020Q2 us-gaap Noncurrent Assets
NoncurrentAssets
1038271000 usd
CY2022 kmt Salesfrom Othercountrydidnotexceed
SalesfromOthercountrydidnotexceed
0.02
CY2022 dei Auditor Firm
AuditorFirmId
238

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