Pay vs Performance Disclosure - USD ($)
|
12 Months Ended |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
| Pay vs Performance Disclosure |
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| Pay vs Performance Disclosure, Table |
The following table reflects compensation “actually paid” (as defined in the applicable SEC rules) to our princi pal executive officer ( PEO ) and our non-PEO executive officers. Our Compensation Committee did not consider the information provided in the table in structuring or determining compensation for our executive officers. For a complete discussion of our executive compensation program, refer to the CD&A section above. 2024 Pay Versus Performance Table
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Summary
Compensation
Table Total for
PEO ($) |
|
Compensation
Actually Paid to
PEO ($) |
|
Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($) |
|
Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) |
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Value of Initial Fixed $100
Investment Based on: |
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Masco
Total
Shareholder
Return ($) |
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Peer Group
Total
Shareholder
Return ($) |
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10,651,821 |
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13,494,503 |
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2,621,620 |
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2,854,454 |
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151 |
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108 |
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822 |
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1,372 |
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12,476,381 |
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17,142,621 |
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2,310,266 |
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2,938,306 |
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150 |
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123 |
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908 |
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1,358 |
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6,261,228 |
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(7,130,941) |
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1,614,199 |
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(1,055,881) |
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102 |
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104 |
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844 |
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1,334 |
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13,410,774 |
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30,690,004 |
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3,190,993 |
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6,693,250 |
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150 |
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147 |
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410 |
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1,412 |
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14,001,941 |
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18,754,175 |
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3,581,869 |
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4,263,007 |
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116 |
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120 |
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1,224 |
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1,306 |
| Year (column a): For each year listed, our PEO is Keith Allman. For 2020-2022, our non-PEO executive officers are John Sznewajs, Richard O’Reagan, Jai Shah and Kenneth Cole. For 2023, our non-PEO executive officers are Richard Westenberg, Imran Ahmad, Jai Shah, Kenneth Cole, John Sznewajs and David Chaika. For 2024, our non-PEO executive officers are Richard Westenberg, Imran Ahmad, Jai Shah and Kenneth Cole. Compensation “Actually Paid” to PEO and Average Compensation “Actually Paid” to Non-PEO executive officers (columns b): The compensation “actually paid” to our PEO and our non-PEO executive officers reflects the following adjustments from Total Compensation as reported in our Summary Compensation Table for the fiscal years 2024, 2023, 2022, 2021 and 2020:
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Total Reported in 2024 Summary Compensation Table |
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Less, grant date fair value of equity awards reported in the 2024 Summary Compensation Table |
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(7,301,850 |
) |
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(1,330,933 |
) |
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Plus, year-end fair value of equity awards granted in 2024 that are unvested and outstanding, as of 2024 year-end |
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8,209,000 |
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1,305,781 |
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Plus, change in the fair value as of 2024 year end for equity awards granted in prior years that are unvested and outstanding |
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498,206 |
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111,780 |
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Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2024 |
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1,300,650 |
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131,694 |
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Plus, dividends earned during 2024 on unvested equity awards |
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136,676 |
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14,513 |
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Total Adjustments |
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2,842,682 |
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232,834 |
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Actual Compensation Paid for Fiscal Year 2024 |
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Total Reported in 2023 Summary Compensation Table |
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Less, grant date fair value of equity awards reported in the 2023 Summary Compensation Table |
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(8,319,582 |
) |
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(1,228,390 |
) |
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Less, change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the 2023 Summary Compensation Table |
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(8,768 |
) |
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(49,671 |
) |
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Plus, year-end fair value of equity awards granted in 2023 that are unvested and outstanding, as of 2023 year-end |
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7,016,448 |
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1,284,267 |
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Plus, change in the fair value as of 2023 year end for equity awards granted in prior years that are unvested and outstanding |
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3,981,180 |
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418,608 |
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Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2023 |
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1,893,102 |
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222,782 |
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Less, fair value of equity awards forfeited in 2023 |
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— |
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(34,101 |
) |
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Plus, dividends earned during 2023 on unvested equity awards |
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103,860 |
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14,545 |
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Total Adjustments |
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4,666,240 |
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628,040 |
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Actual Compensation Paid for Fiscal Year 2023 |
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| |
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Total Reported in 2022 Summary Compensation Table |
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Less, grant date fair value of equity awards reported in the 2022 Summary Compensation Table |
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(4,886,111 |
) |
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(956,181 |
) |
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Plus, year-end fair value of equity awards granted in 2022 that are unvested and outstanding, as of 2022 year-end |
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6,696,354 |
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1,338,718 |
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Plus, change in the fair value as of 2022 year end for equity awards granted in prior years that are unvested and outstanding |
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(12,542,087 |
) |
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(2,514,590 |
) |
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Plus, change in fair value as of the vesting date of equity awards granted in prior years that vested during 2022 |
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(2,736,067 |
) |
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(553,825 |
) |
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Plus, dividends earned during 2022 on unvested equity awards |
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75,742 |
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15,798 |
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Total Adjustments |
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(13,392,169) |
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(2,670,080) |
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Actual Compensation Paid for Fiscal Year 2022 |
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| |
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Total Reported in 2021 Summary Compensation Table |
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Less, grant date fair value of equity awards reported in the 2021 Summary Compensation Table |
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(8,273,513 |
) |
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(1,645,343 |
) |
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Plus, year-end fair value of equity awards granted in 2021 that are unvested and outstanding, as of 2021 year-end |
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11,920,041 |
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2,358,316 |
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Plus, change in the fair value as of 2021 year end for equity awards granted in prior years that are unvested and outstanding |
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13,660,599 |
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2,793,148 |
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Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2021 |
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(96,350 |
) |
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(18,599 |
) |
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Plus, dividends earned during 2021 on unvested equity awards |
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68,453 |
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|
14,735 |
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Total Adjustments |
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17,279,230 |
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3,502,257 |
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Actual Compensation Paid for Fiscal Year 2021 |
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| |
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Total Reported in 2020 Summary Compensation Table |
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Less, grant date fair value of equity awards reported in the 2020 Summary Compensation Table |
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|
(8,371,933 |
) |
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|
(1,702,979 |
) |
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Less, change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the 2020 Summary Compensation Table |
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|
(93,883 |
) |
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|
(294,594 |
) |
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Plus, year-end fair value of equity awards granted in 2020 that are unvested and outstanding, as of 2020 year-end |
|
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|
8,377,511 |
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|
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|
1,705,013 |
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Plus, change in the fair value as of 2020 year end for equity awards granted in prior years that are unvested and outstanding |
|
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|
4,529,712 |
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|
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|
909,820 |
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|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2020 |
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|
237,915 |
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|
47,999 |
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|
Plus, dividends earned during 2020 on unvested equity awards |
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|
72,912 |
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|
15,879 |
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Total Adjustments |
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|
4,752,234 |
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|
681,138 |
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Actual Compensation Paid for Fiscal Year 2020 |
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| The fair value or change in fair value of equity awards reflected in the tables above were determined as follows:
• |
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For restricted stock awards, RSUs and phantom RSUs, using the closing stock price on the applicable year-end or vesting date. |
• |
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For stock options/SAR, using a Black-Scholes value as of the applicable year-end or vesting date. |
• |
|
For PRSUs and phantom PRSUs, using the closing stock price on the applicable year-end or vesting date and adjusted for the estimated performance achievements, as applicable. | Peer Group Total Shareholder Return (column c): Our peer group total shareholder return is calculated using the Standard & Poor’s Consumer Durables & Apparel Index, which we use for the stock performance graph required by Item 201(e) of Regulation S-K, from December 31, 2019 through December 31 of the applicable listed year. Net Income (column d): Net income as reflected in the table above is as reported in our financial statements and is calculated in accordance with accounting guidelines. In 2021, our net income, as reported, was negatively impacted by non-recurring expense related to debt extinguishment and the settlement of our qualified domestic defined benefit pension plans. Company Selected Measure—Operating Profit (column e): Operating profit is the highest weighted financial performance metric in our annual performance program. To calculate our operating profit for purposes of this program we adjust our reported operating profit to exclude the effect of special and other non-recurring income and expenses. Operating profit is also a measure used in our calculation of ROIC under our LTIP. See “Our 2024 Annual Performance Program” above for a description of these adjustments for 2024. |
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| Company Selected Measure Name |
Operating profit
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| Named Executive Officers, Footnote |
For each year listed, our PEO is Keith Allman. For 2020-2022, our non-PEO executive officers are John Sznewajs, Richard O’Reagan, Jai Shah and Kenneth Cole. For 2023, our non-PEO executive officers are Richard Westenberg, Imran Ahmad, Jai Shah, Kenneth Cole, John Sznewajs and David Chaika. For 2024, our non-PEO executive officers are Richard Westenberg, Imran Ahmad, Jai Shah and Kenneth Cole.
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| Peer Group Issuers, Footnote |
Our peer group total shareholder return is calculated using the Standard & Poor’s Consumer Durables & Apparel Index, which we use for the stock performance graph required by Item 201(e) of Regulation S-K, from December 31, 2019 through December 31 of the applicable listed year.
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| PEO Total Compensation Amount |
$ 10,651,821
|
$ 12,476,381
|
$ 6,261,228
|
$ 13,410,774
|
$ 14,001,941
|
| PEO Actually Paid Compensation Amount |
$ 13,494,503
|
17,142,621
|
(7,130,941)
|
30,690,004
|
18,754,175
|
| Adjustment To PEO Compensation, Footnote |
Compensation “Actually Paid” to PEO and Average Compensation “Actually Paid” to Non-PEO executive officers (columns b): The compensation “actually paid” to our PEO and our non-PEO executive officers reflects the following adjustments from Total Compensation as reported in our Summary Compensation Table for the fiscal years 2024, 2023, 2022, 2021 and 2020:
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| |
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Total Reported in 2024 Summary Compensation Table |
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|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2024 Summary Compensation Table |
|
|
|
(7,301,850 |
) |
|
|
|
(1,330,933 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2024 that are unvested and outstanding, as of 2024 year-end |
|
|
|
8,209,000 |
|
|
|
|
1,305,781 |
|
|
|
|
Plus, change in the fair value as of 2024 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
498,206 |
|
|
|
|
111,780 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2024 |
|
|
|
1,300,650 |
|
|
|
|
131,694 |
|
|
|
|
Plus, dividends earned during 2024 on unvested equity awards |
|
|
|
136,676 |
|
|
|
|
14,513 |
|
|
|
|
Total Adjustments |
|
|
|
2,842,682 |
|
|
|
|
232,834 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2024 |
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| |
|
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| |
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|
Total Reported in 2023 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2023 Summary Compensation Table |
|
|
|
(8,319,582 |
) |
|
|
|
(1,228,390 |
) |
|
|
|
Less, change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the 2023 Summary Compensation Table |
|
|
|
(8,768 |
) |
|
|
|
(49,671 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2023 that are unvested and outstanding, as of 2023 year-end |
|
|
|
7,016,448 |
|
|
|
|
1,284,267 |
|
|
|
|
Plus, change in the fair value as of 2023 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
3,981,180 |
|
|
|
|
418,608 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2023 |
|
|
|
1,893,102 |
|
|
|
|
222,782 |
|
|
|
|
Less, fair value of equity awards forfeited in 2023 |
|
|
|
— |
|
|
|
|
(34,101 |
) |
|
|
|
Plus, dividends earned during 2023 on unvested equity awards |
|
|
|
103,860 |
|
|
|
|
14,545 |
|
|
|
|
Total Adjustments |
|
|
|
4,666,240 |
|
|
|
|
628,040 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Total Reported in 2022 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2022 Summary Compensation Table |
|
|
|
(4,886,111 |
) |
|
|
|
(956,181 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2022 that are unvested and outstanding, as of 2022 year-end |
|
|
|
6,696,354 |
|
|
|
|
1,338,718 |
|
|
|
|
Plus, change in the fair value as of 2022 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
(12,542,087 |
) |
|
|
|
(2,514,590 |
) |
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior years that vested during 2022 |
|
|
|
(2,736,067 |
) |
|
|
|
(553,825 |
) |
|
|
|
Plus, dividends earned during 2022 on unvested equity awards |
|
|
|
75,742 |
|
|
|
|
15,798 |
|
|
|
|
Total Adjustments |
|
|
|
(13,392,169) |
|
|
|
|
(2,670,080) |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Total Reported in 2021 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2021 Summary Compensation Table |
|
|
|
(8,273,513 |
) |
|
|
|
(1,645,343 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2021 that are unvested and outstanding, as of 2021 year-end |
|
|
|
11,920,041 |
|
|
|
|
2,358,316 |
|
|
|
|
Plus, change in the fair value as of 2021 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
13,660,599 |
|
|
|
|
2,793,148 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2021 |
|
|
|
(96,350 |
) |
|
|
|
(18,599 |
) |
|
|
|
Plus, dividends earned during 2021 on unvested equity awards |
|
|
|
68,453 |
|
|
|
|
14,735 |
|
|
|
|
Total Adjustments |
|
|
|
17,279,230 |
|
|
|
|
3,502,257 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Total Reported in 2020 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2020 Summary Compensation Table |
|
|
|
(8,371,933 |
) |
|
|
|
(1,702,979 |
) |
|
|
|
Less, change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the 2020 Summary Compensation Table |
|
|
|
(93,883 |
) |
|
|
|
(294,594 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2020 that are unvested and outstanding, as of 2020 year-end |
|
|
|
8,377,511 |
|
|
|
|
1,705,013 |
|
|
|
|
Plus, change in the fair value as of 2020 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
4,529,712 |
|
|
|
|
909,820 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2020 |
|
|
|
237,915 |
|
|
|
|
47,999 |
|
|
|
|
Plus, dividends earned during 2020 on unvested equity awards |
|
|
|
72,912 |
|
|
|
|
15,879 |
|
|
|
|
Total Adjustments |
|
|
|
4,752,234 |
|
|
|
|
681,138 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2020 |
|
|
|
|
|
|
|
|
|
| The fair value or change in fair value of equity awards reflected in the tables above were determined as follows:
• |
|
For restricted stock awards, RSUs and phantom RSUs, using the closing stock price on the applicable year-end or vesting date. |
• |
|
For stock options/SAR, using a Black-Scholes value as of the applicable year-end or vesting date. |
• |
|
For PRSUs and phantom PRSUs, using the closing stock price on the applicable year-end or vesting date and adjusted for the estimated performance achievements, as applicable. |
|
|
|
|
|
| Non-PEO NEO Average Total Compensation Amount |
$ 2,621,620
|
2,310,266
|
1,614,199
|
3,190,993
|
3,581,869
|
| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 2,854,454
|
2,938,306
|
(1,055,881)
|
6,693,250
|
4,263,007
|
| Adjustment to Non-PEO NEO Compensation Footnote |
Compensation “Actually Paid” to PEO and Average Compensation “Actually Paid” to Non-PEO executive officers (columns b): The compensation “actually paid” to our PEO and our non-PEO executive officers reflects the following adjustments from Total Compensation as reported in our Summary Compensation Table for the fiscal years 2024, 2023, 2022, 2021 and 2020:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Total Reported in 2024 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2024 Summary Compensation Table |
|
|
|
(7,301,850 |
) |
|
|
|
(1,330,933 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2024 that are unvested and outstanding, as of 2024 year-end |
|
|
|
8,209,000 |
|
|
|
|
1,305,781 |
|
|
|
|
Plus, change in the fair value as of 2024 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
498,206 |
|
|
|
|
111,780 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2024 |
|
|
|
1,300,650 |
|
|
|
|
131,694 |
|
|
|
|
Plus, dividends earned during 2024 on unvested equity awards |
|
|
|
136,676 |
|
|
|
|
14,513 |
|
|
|
|
Total Adjustments |
|
|
|
2,842,682 |
|
|
|
|
232,834 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| |
|
|
Total Reported in 2023 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2023 Summary Compensation Table |
|
|
|
(8,319,582 |
) |
|
|
|
(1,228,390 |
) |
|
|
|
Less, change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the 2023 Summary Compensation Table |
|
|
|
(8,768 |
) |
|
|
|
(49,671 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2023 that are unvested and outstanding, as of 2023 year-end |
|
|
|
7,016,448 |
|
|
|
|
1,284,267 |
|
|
|
|
Plus, change in the fair value as of 2023 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
3,981,180 |
|
|
|
|
418,608 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2023 |
|
|
|
1,893,102 |
|
|
|
|
222,782 |
|
|
|
|
Less, fair value of equity awards forfeited in 2023 |
|
|
|
— |
|
|
|
|
(34,101 |
) |
|
|
|
Plus, dividends earned during 2023 on unvested equity awards |
|
|
|
103,860 |
|
|
|
|
14,545 |
|
|
|
|
Total Adjustments |
|
|
|
4,666,240 |
|
|
|
|
628,040 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Total Reported in 2022 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2022 Summary Compensation Table |
|
|
|
(4,886,111 |
) |
|
|
|
(956,181 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2022 that are unvested and outstanding, as of 2022 year-end |
|
|
|
6,696,354 |
|
|
|
|
1,338,718 |
|
|
|
|
Plus, change in the fair value as of 2022 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
(12,542,087 |
) |
|
|
|
(2,514,590 |
) |
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior years that vested during 2022 |
|
|
|
(2,736,067 |
) |
|
|
|
(553,825 |
) |
|
|
|
Plus, dividends earned during 2022 on unvested equity awards |
|
|
|
75,742 |
|
|
|
|
15,798 |
|
|
|
|
Total Adjustments |
|
|
|
(13,392,169) |
|
|
|
|
(2,670,080) |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Total Reported in 2021 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2021 Summary Compensation Table |
|
|
|
(8,273,513 |
) |
|
|
|
(1,645,343 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2021 that are unvested and outstanding, as of 2021 year-end |
|
|
|
11,920,041 |
|
|
|
|
2,358,316 |
|
|
|
|
Plus, change in the fair value as of 2021 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
13,660,599 |
|
|
|
|
2,793,148 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2021 |
|
|
|
(96,350 |
) |
|
|
|
(18,599 |
) |
|
|
|
Plus, dividends earned during 2021 on unvested equity awards |
|
|
|
68,453 |
|
|
|
|
14,735 |
|
|
|
|
Total Adjustments |
|
|
|
17,279,230 |
|
|
|
|
3,502,257 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
Total Reported in 2020 Summary Compensation Table |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less, grant date fair value of equity awards reported in the 2020 Summary Compensation Table |
|
|
|
(8,371,933 |
) |
|
|
|
(1,702,979 |
) |
|
|
|
Less, change in the Actuarial Present Values reported under the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the 2020 Summary Compensation Table |
|
|
|
(93,883 |
) |
|
|
|
(294,594 |
) |
|
|
|
Plus, year-end fair value of equity awards granted in 2020 that are unvested and outstanding, as of 2020 year-end |
|
|
|
8,377,511 |
|
|
|
|
1,705,013 |
|
|
|
|
Plus, change in the fair value as of 2020 year end for equity awards granted in prior years that are unvested and outstanding |
|
|
|
4,529,712 |
|
|
|
|
909,820 |
|
|
|
|
Plus, change in fair value as of the vesting date of equity awards granted in prior year that vested during 2020 |
|
|
|
237,915 |
|
|
|
|
47,999 |
|
|
|
|
Plus, dividends earned during 2020 on unvested equity awards |
|
|
|
72,912 |
|
|
|
|
15,879 |
|
|
|
|
Total Adjustments |
|
|
|
4,752,234 |
|
|
|
|
681,138 |
|
|
|
|
Actual Compensation Paid for Fiscal Year 2020 |
|
|
|
|
|
|
|
|
|
| The fair value or change in fair value of equity awards reflected in the tables above were determined as follows:
• |
|
For restricted stock awards, RSUs and phantom RSUs, using the closing stock price on the applicable year-end or vesting date. |
• |
|
For stock options/SAR, using a Black-Scholes value as of the applicable year-end or vesting date. |
• |
|
For PRSUs and phantom PRSUs, using the closing stock price on the applicable year-end or vesting date and adjusted for the estimated performance achievements, as applicable. |
|
|
|
|
|
| Compensation Actually Paid vs. Total Shareholder Return |
|
|
|
|
|
| Compensation Actually Paid vs. Net Income |
|
|
|
|
|
| Compensation Actually Paid vs. Company Selected Measure |
|
|
|
|
|
| Total Shareholder Return Vs Peer Group |
|
|
|
|
|
| Tabular List, Table |
Our Most Important Financial Performance Measures The following financial performance measures are those measures which, in our assessment, represent the most important financial measures used by us to link our performance to compensation “actually paid” to our executive officers for 2024. The measures in this table are not ranked.
|
|
Earnings per Share |
|
Net Sales |
|
Operating Profit |
|
Return on Invested Capital |
|
|
|
|
|
| Total Shareholder Return Amount |
$ 151
|
150
|
102
|
150
|
116
|
| Peer Group Total Shareholder Return Amount |
108
|
123
|
104
|
147
|
120
|
| Net Income (Loss) |
$ 822,000,000
|
$ 908,000,000
|
$ 844,000,000
|
$ 410,000,000
|
$ 1,224,000,000
|
| Company Selected Measure Amount |
1,372,000,000
|
1,358,000,000
|
1,334,000,000
|
1,412,000,000
|
1,306,000,000
|
| PEO Name |
Keith Allman
|
|
|
|
|
| Measure:: 1 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Earnings per Share
|
|
|
|
|
| Measure:: 2 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Net Sales
|
|
|
|
|
| Measure:: 3 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Operating Profit
|
|
|
|
|
| Measure:: 4 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Return on Invested Capital
|
|
|
|
|
| PEO |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
$ 2,842,682
|
$ 4,666,240
|
$ (13,392,169)
|
$ 17,279,230
|
$ 4,752,234
|
| PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
(8,768)
|
|
|
(93,883)
|
| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(7,301,850)
|
(8,319,582)
|
(4,886,111)
|
(8,273,513)
|
(8,371,933)
|
| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
8,209,000
|
7,016,448
|
6,696,354
|
11,920,041
|
8,377,511
|
| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
498,206
|
3,981,180
|
(12,542,087)
|
13,660,599
|
4,529,712
|
| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
1,300,650
|
1,893,102
|
(2,736,067)
|
(96,350)
|
237,915
|
| PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
0
|
|
|
|
| PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
136,676
|
103,860
|
75,742
|
68,453
|
72,912
|
| Non-PEO NEO |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
232,834
|
628,040
|
(2,670,080)
|
3,502,257
|
681,138
|
| Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
(49,671)
|
|
|
(294,594)
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(1,330,933)
|
(1,228,390)
|
(956,181)
|
(1,645,343)
|
(1,702,979)
|
| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
1,305,781
|
1,284,267
|
1,338,718
|
2,358,316
|
1,705,013
|
| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
111,780
|
418,608
|
(2,514,590)
|
2,793,148
|
909,820
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
131,694
|
222,782
|
(553,825)
|
(18,599)
|
47,999
|
| Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
|
(34,101)
|
|
|
|
| Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
$ 14,513
|
$ 14,545
|
$ 15,798
|
$ 14,735
|
$ 15,879
|