2024 Q1 Form 10-K Financial Statement

#000008943924000015 Filed on February 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $849.7M $732.4M $3.420B
YoY Change -16.55% -14.11%
Cost Of Revenue $608.7M $536.4M $2.434B
YoY Change -13.6% -15.06%
Gross Profit $241.0M $196.0M $986.8M
YoY Change -23.67% -11.7%
Gross Profit Margin 28.36% 26.76% 28.85%
Selling, General & Admin $48.36M $51.18M $208.2M
YoY Change -7.99% 2.5%
% of Gross Profit 20.07% 26.12% 21.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.169M $9.724M $40.82M
YoY Change -10.19% -6.65%
% of Gross Profit 3.81% 4.96% 4.14%
Operating Expenses $48.36M $60.43M $248.1M
YoY Change -8.94% 22.18%
Operating Profit $183.4M $135.6M $738.7M
YoY Change -28.81% -15.78%
Interest Expense $115.0K $34.43M $78.85M
YoY Change -24011.11% 9634.81%
% of Operating Profit 0.06% 25.4% 10.67%
Other Income/Expense, Net $630.0K $673.0K $2.793M
YoY Change -92.33% -80.18%
Pretax Income $201.6M $177.9M $845.2M
YoY Change -4.34% -3.52%
Income Tax $51.83M $46.44M $220.8M
% Of Pretax Income 25.72% 26.11% 26.12%
Net Earnings $138.4M $119.2M $602.9M
YoY Change -14.16% -8.42%
Net Earnings / Revenue 16.28% 16.28% 17.63%
Basic Earnings Per Share $1.24 $1.07 $5.41
Diluted Earnings Per Share $1.21 $1.05 $5.30
COMMON SHARES
Basic Shares Outstanding 113.6M shares 113.5M shares 111.4M shares
Diluted Shares Outstanding 114.1M shares 113.7M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.358B $1.269B $1.269B
YoY Change 86.93% 86.93%
Cash & Equivalents $1.358B $1.171B $1.171B
Short-Term Investments $0.00 $98.15M $98.15M
Other Short-Term Assets $45.38M $39.17M $39.17M
YoY Change 47.82% 47.82%
Inventory $356.9M $380.2M $380.2M
Prepaid Expenses
Receivables $424.4M $351.6M $351.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.185B $2.040B $2.040B
YoY Change 32.93% 32.93%
LONG-TERM ASSETS
Property, Plant & Equipment $390.5M $420.3M $420.3M
YoY Change 10.63% 4.34%
Goodwill $151.2M $151.8M
YoY Change -3.66%
Intangibles $44.72M $46.21M
YoY Change -15.66%
Long-Term Investments $71.65M $83.44M $83.44M
YoY Change 15.3% 15.3%
Other Assets $17.69M $298.9M $298.9M
YoY Change 1382.35% -1.95%
Total Long-Term Assets $709.6M $719.3M $719.3M
YoY Change 1.63% 1.63%
TOTAL ASSETS
Total Short-Term Assets $2.185B $2.040B $2.040B
Total Long-Term Assets $709.6M $719.3M $719.3M
Total Assets $2.894B $2.759B $2.759B
YoY Change 23.05% 23.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $160.1M $120.5M $120.5M
YoY Change -5.87% -5.87%
Accrued Expenses $38.03M $7.893M $7.893M
YoY Change 59.71% 59.71%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $705.0K $796.0K $796.0K
YoY Change -1.85% -1.85%
Total Short-Term Liabilities $361.3M $317.1M $317.1M
YoY Change -8.95% -8.95%
LONG-TERM LIABILITIES
Long-Term Debt $130.0K $185.0K $185.0K
YoY Change -84.81% -84.81%
Other Long-Term Liabilities $10.04M $64.13M $64.13M
YoY Change 292.24% 2.34%
Total Long-Term Liabilities $10.17M $64.31M $64.31M
YoY Change 266.1% 0.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $361.3M $317.1M $317.1M
Total Long-Term Liabilities $10.17M $64.31M $64.31M
Total Liabilities $445.9M $421.9M $421.9M
YoY Change -1.54% -6.56%
SHAREHOLDERS EQUITY
Retained Earnings $2.710B $2.594B
YoY Change 25.95%
Common Stock $1.604M $1.604M
YoY Change 100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $554.1M $523.4M
YoY Change 4.1%
Treasury Stock Shares
Shareholders Equity $2.424B $2.337B $2.337B
YoY Change
Total Liabilities & Shareholders Equity $2.894B $2.759B $2.759B
YoY Change 23.05% 23.05%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $138.4M $119.2M $602.9M
YoY Change -14.16% -8.42%
Depreciation, Depletion And Amortization $9.169M $9.724M $40.82M
YoY Change -10.19% -6.65%
Cash From Operating Activities $173.6M $174.3M $672.8M
YoY Change -15.83% -7.07%
INVESTING ACTIVITIES
Capital Expenditures $16.41M $14.52M $54.03M
YoY Change 79.68% 43.53%
Acquisitions $0.00
YoY Change
Other Investing Activities $86.84M $55.50M $189.1M
YoY Change -125.5% -192.53%
Cash From Investing Activities $70.44M $40.98M $135.1M
YoY Change -118.15% -155.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$19.30M
YoY Change -150.73%
Debt Paid & Issued, Net $56.00K $241.0K
YoY Change 18.14%
Cash From Financing Activities -$52.81M -25.51M -104.5M
YoY Change 19.4% 1.81%
NET CHANGE
Cash From Operating Activities $173.6M 174.3M 672.8M
Cash From Investing Activities $70.44M 40.98M 135.1M
Cash From Financing Activities -$52.81M -25.51M -104.5M
Net Change In Cash $190.6M 189.7M 703.3M
YoY Change -573.55% 87.6%
FREE CASH FLOW
Cash From Operating Activities $173.6M $174.3M $672.8M
Capital Expenditures $16.41M $14.52M $54.03M
Free Cash Flow $157.2M $159.7M $618.7M
YoY Change -19.71% -9.84%

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CY2021 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2021 us-gaap Proceeds From Collection Of Notes Receivable
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CY2023 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2022 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2021 us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
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CY2022 mli Proceeds Dividends From Unconsolidated Affiliates
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Payments Of Dividends Common Stock
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CY2022 us-gaap Payments Of Dividends Minority Interest
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CY2021 us-gaap Payments Of Dividends Minority Interest
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CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2022 us-gaap Repayments Of Long Term Debt
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CY2021 us-gaap Repayments Of Long Term Debt
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CY2021 mli Repayments Of Debt By Consolidated Joint Ventures
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CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Fiscal Period
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Fiscal Years</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s fiscal year ends on the last Saturday of December and consisted of 52 weeks in 2023, 53 weeks in 2022, and 52 weeks in 2021. These dates were December 30, 2023, December 31, 2022, and December 25, 2021.</span></div>
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year balances have been reclassified to conform to current year presentation.</span></div>
CY2023Q3 us-gaap Common Stock Shares Authorized
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100000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2023Q3 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
2
CY2023 mli Performance Obligation Payment Term
PerformanceObligationPaymentTerm
P60D
CY2023Q4 mli Temporary Investments
TemporaryInvestments
1010000000.00 usd
CY2022Q4 mli Temporary Investments
TemporaryInvestments
329400000 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
98000 shares
CY2023 mli Gain On Short Term Investments Fair Value Disclosure
GainOnShortTermInvestmentsFairValueDisclosure
41900000 usd
CY2023 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
17100000 usd
CY2023 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
24800000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2800000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2700000 usd
CY2023Q4 mli Number Of Operating Lease Renewal Options
NumberOfOperatingLeaseRenewalOptions
1 renewal_option
CY2023Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2023 us-gaap Insured Event Gain Loss
InsuredEventGainLoss
19466000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
756053000 usd
CY2023 us-gaap Interest Expense
InterestExpense
1221000 usd
CY2023 us-gaap Investment Income Interest
InvestmentIncomeInterest
38208000 usd
CY2023 mli Specified Percentage Over Which Unrecognized Gains And Losses Are Amortized
SpecifiedPercentageOverWhichUnrecognizedGainsAndLossesAreAmortized
0.10
CY2023 mli Average Remaining Service Period For The Pension Plans
AverageRemainingServicePeriodForThePensionPlans
P11Y
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Concentrations of Credit and Market Risk</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Concentrations of credit risk with respect to accounts receivable are limited due to the large number of customers comprising the Company’s customer base, and their dispersion across different geographic areas and different industries, including HVAC, plumbing, refrigeration, hardware, automotive, OEMs, and others.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company minimizes its exposure to base metal price fluctuations through various strategies.  Generally, it prices an equivalent amount of copper raw material, under flexible pricing arrangements it maintains with its suppliers, at the time it determines the selling price of finished products to its customers.</span></div>
CY2023 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-4400000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1000000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-600000 usd
CY2023 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of and Changes in Estimates</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with generally accepted accounting principles in the United States (U.S. GAAP) requires management to make estimates, assumptions, and judgments that affect the amounts reported in the financial statements and accompanying notes.  </span><span style="color:#252525;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Management makes its best estimate of the ultimate outcome for these items based on historical trends and other information available when the financial statements are prepared. Changes in estimates are recognized in accordance with the accounting rules for the estimate, which is typically in the period when new information becomes available to management. Areas where the nature of the estimate makes it reasonably possible that actual results could materially differ from amounts estimated include but are not limited to: pension and other postretirement benefit plan obligations, tax liabilities, loss contingencies, litigation claims, environmental reserves, and impairment assessments of long-lived assets (including goodwill).</span></div>
CY2022 mli Disposal Group Not Discontinued Operation Gain Loss On Disposal Statement Of Income Extensible List Not Disclosed Flag
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalStatementOfIncomeExtensibleListNotDisclosedFlag
Corporate and Eliminations
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3420345000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3982455000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3769345000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3420345000 usd
CY2023 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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2433511000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
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39954000 usd
CY2023 us-gaap Selling General And Administrative Expense
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208172000 usd
CY2023 us-gaap Gain Loss On Sale Of Business
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4137000 usd
CY2023 us-gaap Asset Impairment Charges
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6258000 usd
CY2023 us-gaap Gain Loss On Investments
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41865000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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7534000 usd
CY2023 mli Environmental Remediation Expense Non Operating Properties
EnvironmentalRemediationExpenseNonOperatingProperties
825000 usd
CY2023 us-gaap Other Nonoperating Income Expense
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3618000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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845232000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3982455000 usd
CY2022 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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2864862000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
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43731000 usd
CY2022 us-gaap Selling General And Administrative Expense
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203086000 usd
CY2022 us-gaap Gain Loss On Sale Of Other Assets
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6373000 usd
CY2022 us-gaap Operating Income Loss
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877149000 usd
CY2022 us-gaap Interest Expense
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810000 usd
CY2022 us-gaap Investment Income Interest
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6457000 usd
CY2022 mli Defined Benefit Plans Termination Expenses
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13100000 usd
CY2022 us-gaap Gain Loss On Investments
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2918000 usd
CY2022 mli Environmental Remediation Expense Non Operating Properties
EnvironmentalRemediationExpenseNonOperatingProperties
1298000 usd
CY2022 us-gaap Other Nonoperating Income Expense
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4715000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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876031000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3769345000 usd
CY2021 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
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2938989000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
45390000 usd
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
184052000 usd
CY2021 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
57760000 usd
CY2021 us-gaap Asset Impairment Charges
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2829000 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
655845000 usd
CY2021 us-gaap Interest Expense
InterestExpense
7709000 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
353000 usd
CY2021 us-gaap Redemption Premium
RedemptionPremium
5674000 usd
CY2021 mli Environmental Remediation Expense Non Operating Properties
EnvironmentalRemediationExpenseNonOperatingProperties
5053000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3377000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
641139000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3420345000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3982455000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3769345000 usd
CY2023Q4 us-gaap Noncurrent Assets
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385165000 usd
CY2022Q4 us-gaap Noncurrent Assets
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379950000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
385562000 usd
CY2023 us-gaap Segment Expenditure Addition To Long Lived Assets
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54025000 usd
CY2022 us-gaap Segment Expenditure Addition To Long Lived Assets
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37639000 usd
CY2021 us-gaap Segment Expenditure Addition To Long Lived Assets
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65122000 usd
CY2023Q4 us-gaap Assets
Assets
2759301000 usd
CY2022Q4 us-gaap Assets
Assets
2242399000 usd
CY2021Q4 us-gaap Assets
Assets
1728936000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1170893000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
461018000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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3228000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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4176000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
102000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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102000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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1174223000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
465296000 usd
CY2023Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
111843000 usd
CY2022Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
133189000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
61793000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
64177000 usd
CY2023Q4 us-gaap Inventory Finished Goods
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220629000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
265842000 usd
CY2023Q4 us-gaap Inventory Adjustments
InventoryAdjustments
14017000 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
14289000 usd
CY2023Q4 us-gaap Inventory Net
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380248000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
448919000 usd
CY2023Q4 us-gaap Lifo Inventory Amount
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20200000 usd
CY2022Q4 us-gaap Lifo Inventory Amount
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16500000 usd
CY2023Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
122900000 usd
CY2022Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
117300000 usd
CY2023Q4 mli Fifo Value Of Inventory Consigned To Others
FIFOValueOfInventoryConsignedToOthers
19800000 usd
CY2022Q4 mli Fifo Value Of Inventory Consigned To Others
FIFOValueOfInventoryConsignedToOthers
14300000 usd
CY2023Q4 mli Accrued Discounts And Allowances Liability Current
AccruedDiscountsAndAllowancesLiabilityCurrent
78800000 usd
CY2022Q4 mli Accrued Discounts And Allowances Liability Current
AccruedDiscountsAndAllowancesLiabilityCurrent
82300000 usd
CY2023Q4 us-gaap Taxes Payable Current
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22800000 usd
CY2022Q4 us-gaap Taxes Payable Current
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24600000 usd
CY2023Q4 us-gaap Accrued Environmental Loss Contingencies Current
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3900000 usd
CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Current
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4200000 usd
CY2022Q4 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
13100000 usd
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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-765000 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-3168000 usd
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2023 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1502000 usd
CY2022 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1609000 usd
CY2021 us-gaap Debt And Equity Securities Gain Loss
DebtAndEquitySecuritiesGainLoss
1385000 usd
CY2023 us-gaap Other Nonoperating Income
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1351000 usd
CY2022 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
62000 usd
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
89000 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3618000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4715000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3377000 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
3200000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
4000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
35170000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22892000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
7893000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
4942000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
26683000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
16880000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
34576000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
21822000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0355
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0335
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y2M26D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y10D
CY2023 us-gaap Operating Lease Cost
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9705000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
8220000 usd
CY2023 us-gaap Short Term Lease Cost
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3843000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
4086000 usd
CY2023 us-gaap Lease Cost
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13548000 usd
CY2022 us-gaap Lease Cost
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12306000 usd
CY2023 us-gaap Operating Lease Payments
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9276000 usd
CY2022 us-gaap Operating Lease Payments
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7787000 usd
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1239000 usd
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203312000 usd
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51492000 usd
CY2023Q4 us-gaap Goodwill
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151820000 usd
CY2023 mli Goodwill Impairment Loss Excluding Turbotec
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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8909000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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8124000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7110000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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6210000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
3222000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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4646000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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38221000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3645000 usd
CY2023Q4 us-gaap Operating Lease Liability
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34576000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
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7893000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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26683000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
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1001927000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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616762000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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595982000 usd
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385165000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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379950000 usd
CY2023 us-gaap Depreciation
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34900000 usd
CY2022 us-gaap Depreciation
Depreciation
38200000 usd
CY2021 us-gaap Depreciation
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39100000 usd
CY2021Q4 us-gaap Goodwill Gross
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222822000 usd
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51492000 usd
CY2021Q4 us-gaap Goodwill
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171330000 usd
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CY2022Q4 us-gaap Goodwill
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157588000 usd
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0 usd
CY2021 mli Goodwill Impairment Loss Excluding Turbotec
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CY2021Q3 us-gaap Goodwill Impairment Loss
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2100000 usd
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5000000 usd
CY2022 us-gaap Adjustment For Amortization
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5600000 usd
CY2021 us-gaap Adjustment For Amortization
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6300000 usd
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4623000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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4505000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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4357000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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4356000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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4117000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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24250000 usd
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46208000 usd
CY2023 us-gaap Interest Paid Net
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0 usd
CY2022 us-gaap Interest Paid Net
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0 usd
CY2021 us-gaap Interest Paid Net
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13900000 usd
CY2016Q4 mli Tax Credit Percent Of Qualified Investments
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0.39
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1
CY2016Q4 mli Compliance Period
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P7Y
CY2023Q4 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
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200000 usd
CY2023 mli Payable Maximum Period To Be Considered Current
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P12M
CY2023Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
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0.041
CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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62871000 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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62298000 usd
CY2022Q4 mli Approximate Percentage Of Mutual Funds Actively Managed
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0.78
CY2022Q4 mli Approximate Percentage Of Mutual Funds Indexed Funds
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0.22
CY2022Q4 mli Percentage Of Mutual Funds Assets Invested In Us Equities
PercentageOfMutualFundsAssetsInvestedInUSEquities
0.24
CY2022Q4 mli Percent Of Mutual Funds Assets Invested In Non Us Equities
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CY2023 us-gaap Defined Contribution Plan Cost Recognized
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4900000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
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4900000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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4500000 usd
CY2023 us-gaap Environmental Remediation Expense
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700000 usd
CY2022 us-gaap Environmental Remediation Expense
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1400000 usd
CY2021 us-gaap Environmental Remediation Expense
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5000000 usd
CY2023Q4 us-gaap Accrual For Environmental Loss Contingencies
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18900000 usd
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CY2022Q1 us-gaap Gross Profit
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CY2022Q3 us-gaap Gross Profit
GrossProfit
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us-gaap Gross Profit
GrossProfit
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CY2022Q1 us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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NetIncomeLoss
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1.39
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1.83
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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0.125
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0.125
us-gaap Common Stock Dividends Per Share Declared
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0.125
CY2023 dei Auditor Location
AuditorLocation
Memphis, Tennessee

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