CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Gross Profit [Abstract] | ||||||
| Revenues | $ 5,644.4 | $ 5,445.9 | $ 16,911.8 | $ 15,861.6 | | |
| Cost of goods sold | 4,422.4 | 4,241.4 | 13,238.9 | 12,418.6 | | |
| Operating Expenses [Abstract] | | |||||
| Selling, general and administrative expense | 796.4 | 760.2 | 2,445.8 | 2,251.1 | | |
| Depreciation and amortization | 45.1 | 42.7 | 136.4 | 135.6 | | |
| Total Operating Expenses | 5263.9 | 5044.3 | 15821.1 | 14805.3 | 0 | |
| Income from operations | 380.5 | 401.6 | 1,090.7 | 1,056.3 | | |
| Interest Income (Expense), Nonoperating, Net | 98.5 | 75.1 | 292.3 | 207.1 | | |
| Total Other Income Expenses | 102.2 | 75.8 | 306.9 | 210.1 | 0 | |
| Other Nonoperating Income (Expense) | 3.7 | 0.7 | 14.6 | 3.0 | | |
| Income before income taxes | 278.3 | 325.8 | 783.8 | 846.2 | | |
| Provision for income taxes | 44.3 | 85.6 | 160.2 | 203.2 | | |
| Net income | 234.0 | 240.2 | 623.6 | 643.0 | | |
| Net (loss) income attributable to noncontrolling interest | 0.6 | 0.6 | 0.0 | 1.4 | ||
| Net income attributable to WESCO International, Inc. | 233.4 | 239.6 | 623.6 | 641.6 | ||
| Preferred Stock Dividends, Income Statement Impact | 14.4 | 14.4 | 43.1 | 43.1 | ||
| Net Income (Loss) Available to Common Stockholders, Basic | 219.0 | 225.2 | 580.5 | 598.5 | ||
| Comprehensive Income: | ||||||
| Foreign currency translation adjustment | (64.5) | (146.7) | (6.3) | (194.5) | ||
| Comprehensive income attributable to WESCO International, Inc. | $ 154.5 | $ 78.5 | $ 574.2 | $ 404.0 | ||
| Basic (in dollars per share) | $ 4.28 | $ 4.43 | $ 11.34 | $ 11.80 | ||
| Diluted (in dollars per share) | $ 4.20 | $ 4.30 | $ 11.08 | $ 11.42 | ||
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of nonoperating interest income (expense). No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature, attributable to parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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