10-Q Filing

MUELLER INDUSTRIES INC CIK: 89439 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0000089439-23-000030`
Period End Date	20230331
Filing Date	20230426
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	mli-20230401_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 42 Cash Flow Statement 64 Stockholders Equity 12 Comprehensive Income 24

Balance Sheet 92 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.97M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$461.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$611.40M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$171.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$217.86M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,972 in 2023 and $2,687 in 2022	`AccountsReceivableNetCurrent`	$503.37M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $2,972 in 2023 and $2,687 in 2022	`AccountsReceivableNetCurrent`	$380.35M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Inventories	`InventoryNet`	$448.92M	USD	Point-in-time
Inventories	`InventoryNet`	$452.83M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$28.42M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.50M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.77B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.53B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	80.18M	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$379.95M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$377.32M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	80.18M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$22.89M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	57.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	56.99M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$29.90M	USD	Point-in-time
Goodwill, net	`Goodwill`	$158.17M	USD	Point-in-time
Goodwill, net	`Goodwill`	$157.59M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$54.78M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$53.86M	USD	Point-in-time
Investments in unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$72.39M	USD	Point-in-time
Investments in unconsolidated affiliates	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$72.36M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.96M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$20.17M	USD	Point-in-time
Total assets	`Assets`	$2.24B	USD	Point-in-time
Total assets	`Assets`	$2.48B	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$1.11M	USD	Point-in-time
Current portion of debt	`LongTermDebtCurrent`	$811.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$179.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$128.00M	USD	Point-in-time
Accrued wages and other employee costs	`EmployeeRelatedLiabilitiesCurrent`	$36.69M	USD	Point-in-time
Accrued wages and other employee costs	`EmployeeRelatedLiabilitiesCurrent`	$61.91M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$4.94M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$6.25M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$152.63M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$183.46M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$406.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$348.30M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.22M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.25M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$2.12M	USD	Point-in-time
Pension liabilities	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$4.08M	USD	Point-in-time
Postretirement benefits other than pensions	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$8.98M	USD	Point-in-time
Postretirement benefits other than pensions	`OtherPostretirementDefinedBenefitPlanLiabilitiesNoncurrent`	$9.14M	USD	Point-in-time
Environmental reserves	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.38M	USD	Point-in-time
Environmental reserves	`AccruedEnvironmentalLossContingenciesNoncurrent`	$16.06M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$16.26M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$17.56M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$16.88M	USD	Point-in-time
Noncurrent operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$22.77M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$16.35M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$16.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$428.44M	USD	Point-in-time
Total liabilities	`Liabilities`	$492.15M	USD	Point-in-time
Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $1.00 par value; shares authorized 5,000,000; none outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $.01 par value; shares authorized 100,000,000; issued 80,183,004; outstanding 56,990,798 in 2023 and 57,001,617 in 2022	`CommonStockValue`	$802.00K	USD	Point-in-time
Common stock - $.01 par value; shares authorized 100,000,000; issued 80,183,004; outstanding 56,990,798 in 2023 and 57,001,617 in 2022	`CommonStockValue`	$802.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$297.27M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$303.13M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.06B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.22B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-51.95M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-64.17M	USD	Point-in-time
Treasury common stock, at cost	`TreasuryStockValue`	$505.62M	USD	Point-in-time
Treasury common stock, at cost	`TreasuryStockValue`	$502.78M	USD	Point-in-time
Total Mueller Industries, Inc. stockholders' equity	`StockholdersEquity`	$1.79B	USD	Point-in-time
Total Mueller Industries, Inc. stockholders' equity	`StockholdersEquity`	$1.96B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$23.05M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$25.16M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.24B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.48B	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$971.19M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.01B	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$744.51M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization`	$678.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$10.66M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$52.63M	USD	1 Quarter
Selling, general, and administrative expense	`SellingGeneralAndAdministrativeExpense`	$47.46M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfOtherAssets`	$5.51M	USD	1 Quarter
Gain on sale of assets	`GainLossOnSaleOfOtherAssets`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$212.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$229.11M	USD	1 Quarter
Interest expense	`InterestExpense`	$143.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$158.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.24M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$160.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.24M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$620.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$237.43M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$213.32M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$61.36M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$54.20M	USD	1 Quarter
(Loss) income from unconsolidated affiliates, net of foreign tax	`IncomeLossFromEquityMethodInvestments`	$-984.00K	USD	1 Quarter
(Loss) income from unconsolidated affiliates, net of foreign tax	`IncomeLossFromEquityMethodInvestments`	$124.00K	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$159.25M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$175.09M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.85M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$932.00K	USD	1 Quarter
Net income attributable to Mueller Industries, Inc.	`NetIncomeLoss`	$158.32M	USD	1 Quarter
Net income attributable to Mueller Industries, Inc.	`NetIncomeLoss`	$173.24M	USD	1 Quarter
Weighted average shares for basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	56.10M	shares	1 Quarter
Weighted average shares for basic earnings per share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	55.69M	shares	1 Quarter
Effect of dilutive stock-based awards (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	707,000.00	shares	1 Quarter
Effect of dilutive stock-based awards (in shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	810,000.00	shares	1 Quarter
Adjusted weighted average shares for diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.91M	shares	1 Quarter
Adjusted weighted average shares for diluted earnings per share (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	56.40M	shares	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$3.11	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$2.82	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$2.78	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$3.07	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.25	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$159.25M	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$175.09M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$10.93M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$10.75M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.57M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.64M	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-15.00K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$125.00K	USD	1 Quarter
Loss (income) from unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-984.00K	USD	1 Quarter
Loss (income) from unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$124.00K	USD	1 Quarter
Gain on disposals of properties	`GainLossOnSaleOfPropertyPlantEquipment`	$5.51M	USD	1 Quarter
Gain on disposals of properties	`GainLossOnSaleOfPropertyPlantEquipment`	$115.00K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$258.00K	USD	1 Quarter
Deferred income tax expense	`DeferredIncomeTaxExpenseBenefit`	$372.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$116.61M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$111.55M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$40.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$581.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-314.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$17.95M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$54.34M	USD	1 Quarter
Current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$50.84M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-1.75M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.27M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-427.00K	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$137.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$111.62M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$62.86M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.56M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$5.26M	USD	1 Quarter
Insurance proceeds - capital related	`ProceedsFromInsuranceSettlementInvestingActivities`	$8.00M	USD	1 Quarter
Insurance proceeds - capital related	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	1 Quarter
Proceeds from the maturity of short term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$50.00M	USD	1 Quarter
Proceeds from the maturity of short term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	-	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$6.22M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$118.00K	USD	1 Quarter
Dividends from unconsolidated affiliates	`ProceedsDividendsFromUnconsolidatedAffiliates`	$959.00K	USD	1 Quarter
Dividends from unconsolidated affiliates	`ProceedsDividendsFromUnconsolidatedAffiliates`	$644.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$51.21M	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.92M	USD	1 Quarter
Dividends paid to stockholders of Mueller Industries, Inc.	`PaymentsOfDividendsCommonStock`	-	USD	1 Quarter
Dividends paid to stockholders of Mueller Industries, Inc.	`PaymentsOfDividendsCommonStock`	$16.73M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.97M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$56.00K	USD	1 Quarter
Repayments of debt	`RepaymentsOfLongTermDebt`	$56.00K	USD	1 Quarter
Issuance of debt by consolidated joint ventures, net	`ProceedsFromIssuanceRepaymentsOfDebtByConsolidatedJointVentures`	-	USD	1 Quarter
Issuance of debt by consolidated joint ventures, net	`ProceedsFromIssuanceRepaymentsOfDebtByConsolidatedJointVentures`	$297.00K	USD	1 Quarter
Net cash used to settle stock-based awards	`PaymentsForSettlementOfStockBasedAwards`	$2.61M	USD	1 Quarter
Net cash used to settle stock-based awards	`PaymentsForSettlementOfStockBasedAwards`	$230.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.26M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.57M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$301.00K	USD	1 Quarter
Increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$146.30M	USD	1 Quarter
Increase in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$60.82M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$465.30M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.38M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$611.59M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$465.30M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$90.38M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$151.20M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at the end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$611.59M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time
Net income attributable to Mueller Industries, Inc.	`NetIncomeLoss`	$158.32M	USD	1 Quarter
Net income attributable to Mueller Industries, Inc.	`NetIncomeLoss`	$173.24M	USD	1 Quarter
Total other comprehensive income attributable to Mueller Industries, Inc.	`OtherComprehensiveIncomeLossNetOfTax`	$12.48M	USD	1 Quarter
Total other comprehensive income attributable to Mueller Industries, Inc.	`OtherComprehensiveIncomeLossNetOfTax`	$5.87M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.85M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$932.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.25M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.21M	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.81B	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Consolidated net income	`ProfitLoss`	$159.25M	USD	1 Quarter
Net change with respect to derivative instruments and hedging activities, tax (expense) benefit	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$-604.00K	USD	1 Quarter
Consolidated net income	`ProfitLoss`	$175.09M	USD	1 Quarter
Net change with respect to derivative instruments and hedging activities, tax (expense) benefit	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$-272.00K	USD	1 Quarter
Net actuarial loss on pension and postretirement obligations, tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-11.00K	USD	1 Quarter
Net actuarial loss on pension and postretirement obligations, tax benefit (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$134.00K	USD	1 Quarter
Attributable to unconsolidated affiliates, tax benefit (expense)	`OtherComprehensiveIncomeLossAttributableToUnconsolidatedAffiliatesTax`	$373.00K	USD	1 Quarter
Attributable to unconsolidated affiliates, tax benefit (expense)	`OtherComprehensiveIncomeLossAttributableToUnconsolidatedAffiliatesTax`	$624.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.25M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.21M	USD	1 Quarter
Net change with respect to derivative instruments and hedging activities, net of tax of $(272) and $(604)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$2.09M	USD	1 Quarter
Net change with respect to derivative instruments and hedging activities, net of tax of $(272) and $(604)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$954.00K	USD	1 Quarter
Net change in pension and postretirement obligation adjustments, net of tax of $11 and $(134)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-420.00K	USD	1 Quarter
Net change in pension and postretirement obligation adjustments, net of tax of $11 and $(134)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$8.00K	USD	1 Quarter
Attributable to unconsolidated affiliates, net of tax of $(373) and $(624)	`OtherComprehensiveIncomeLossAttributableToUnconsolidatedAffiliatesNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.28M	USD	1 Quarter
Attributable to unconsolidated affiliates, net of tax of $(373) and $(624)	`OtherComprehensiveIncomeLossAttributableToUnconsolidatedAffiliatesNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.15M	USD	1 Quarter
Total other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$12.48M	USD	1 Quarter
Total other comprehensive income, net	`OtherComprehensiveIncomeLossNetOfTax`	$5.87M	USD	1 Quarter
Consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$187.57M	USD	1 Quarter
Consolidated comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$165.12M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.11M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$899.00K	USD	1 Quarter
Comprehensive income attributable to Mueller Industries, Inc.	`ComprehensiveIncomeNetOfTax`	$164.22M	USD	1 Quarter
Comprehensive income attributable to Mueller Industries, Inc.	`ComprehensiveIncomeNetOfTax`	$185.46M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.