What does global — special charges impairment mean?

The portion of one-time costs resulting from the reduction in the recorded value of assets within the global segment.

How do you interpret global — special charges impairment?

An increase indicates a negative adjustment to asset valuations, often signaling challenges in specific global markets or underperforming acquisitions, while a decrease suggests stable asset health.

How does global — special charges impairment compare across companies?

Comparable to 'asset impairment charges' or 'goodwill write-downs' found in the financial statements of global manufacturing and consumer goods peers.

McCormick & Company, Incorporated MKC Global — Special charges impairment

Discontinued — last reported Q4 '18

Similar metrics at other companies

ARWGlobal Components — Impairments (Notes 2 and 3)

$4.48M—

ENTGCorporate Segment — Asset Impairment Charges

$0—

GISInternational — Other Asset Impairment Charges

$850K—

AMCRCorporate Segment — Other Asset Impairment Charges

$18M—

CHDNon Us — Asset Impairment Charges

$61.7M+300%

CGGlobal Market Strategies — Goodwill Impairment

$0—

Other financials

Income statement

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Revenue$1.9B+16.7%

Gross profit$708.9M+17.4%

Operating income$227.5M+1.0%

Net income$1.0B+526%

EPS (diluted)$3.77+528%

Balance sheet

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Cash & equivalents$177.7M+72.9%

Total debt$4.9B+38.3%

Total equity$7.0B+28.7%

Total assets$16.3B+26.7%

Cash flow

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Operating cash flow$50.9M-55.9%

CapEx$32.5M-12.4%

Free cash flow$18.4M-76.5%

Valuation

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Market cap$12.54B-13.9%

Enterprise value$17.28B-7.0%

P/E7.6×-10.9×

P/S1.8×-0.4×

Profitability

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Gross margin37.9%-0.6pp

Operating margin15.1%-0.5pp

Net margin23.1%+11.4pp

FCF margin9.6%0.0pp

Returns & leverage

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Return on equity26.5%+11.8pp

Debt / equity0.7×0.0×

Current ratio0.8×+0.1×

Where this comes from

Reported directly by McCormick & Company, Incorporated in its filing.

Tagged under the XBRL concept mkc:Specialchargesimpairment.

The official record: McCormick & Company, Incorporated’s 10-K, filed January 28, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does global — special charges impairment mean?: The portion of one-time costs resulting from the reduction in the recorded value of assets within the global segment.
How do you interpret global — special charges impairment?: An increase indicates a negative adjustment to asset valuations, often signaling challenges in specific global markets or underperforming acquisitions, while a decrease suggests stable asset health.
How does global — special charges impairment compare across companies?: Comparable to 'asset impairment charges' or 'goodwill write-downs' found in the financial statements of global manufacturing and consumer goods peers.