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SELECTED QUARTERLY FINANCIAL DATA SELECTED QUARTERLY FINANCIAL DATA | 12 Months Ended
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Dec. 28, 2019
Quarterly Financial Information [Text Block] | SELECTED QUARTERLY FINANCIAL DATA (unaudited)
|  | Quarter |  |
(Millions of Dollars, except per share amounts) |  | First |  | Second |  | Third |  | Fourth |  | Year
2019 |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 3,333.6 |  |  | $ | 3,761.3 |  |  | $ | 3,633.1 |  |  | $ | 3,714.2 |  |  | $ | 14,442.2 |
Gross profit |  | 1,105.6 |  |  | 1,299.8 |  |  | 1,239.5 |  |  | 1,160.6 |  |  | 4,805.5 |
Selling, general and administrative (1) |  | 778.9 |  |  | 782.3 |  |  | 756.1 |  |  | 723.7 |  |  | 3,041.0 |
Net earnings |  | 170.4 |  |  | 357.4 |  |  | 231.1 |  |  | 199.1 |  |  | 958.0 |
Less: Net earnings attributable to non-controlling interest |  | 0.5 |  |  | 1.1 |  |  | 0.6 |  |  | — |  |  | 2.2 |
Net Earnings Attributable to Common Shareowners |  | $ | 169.9 |  |  | $ | 356.3 |  |  | $ | 230.5 |  |  | $ | 199.1 |  |  | $ | 955.8 |
Earnings per share of common stock: |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.15 |  |  | $ | 2.41 |  |  | $ | 1.55 |  |  | $ | 1.34 |  |  | $ | 6.44 |
Diluted |  | $ | 1.13 |  |  | $ | 2.37 |  |  | $ | 1.53 |  |  | $ | 1.32 |  |  | $ | 6.35 |
2018 |  |  |  |  |  |  |  |  |  |
Net Sales |  | $ | 3,209.3 |  |  | $ | 3,643.6 |  |  | $ | 3,494.8 |  |  | $ | 3,634.7 |  |  | $ | 13,982.4 |
Gross profit |  | 1,165.7 |  |  | 1,287.1 |  |  | 1,238.4 |  |  | 1,159.9 |  |  | 4,851.1 |
Selling, general and administrative (1) |  | 785.6 |  |  | 805.8 |  |  | 798.9 |  |  | 781.4 |  |  | 3,171.7 |
Net earnings (loss) |  | 170.1 |  |  | 293.4 |  |  | 248.3 |  |  | (106.0 | ) |  | 605.8 |
Less: Net (loss) earnings attributable to non-controlling interest |  | (0.5 | ) |  | (0.2 | ) |  | 0.5 |  |  | 0.8 |  |  | 0.6 |
Net Earnings (Loss) Attributable to Common Shareowners |  | $ | 170.6 |  |  | $ | 293.6 |  |  | $ | 247.8 |  |  | $ | (106.8 | ) |  | $ | 605.2 |
Earnings (loss) per share of common stock: |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.13 |  |  | $ | 1.96 |  |  | $ | 1.67 |  |  | $ | (0.72 | ) |  | $ | 4.06 |
Diluted |  | $ | 1.11 |  |  | $ | 1.93 |  |  | $ | 1.65 |  |  | $ | (0.72 | ) |  | $ | 3.99 |
(1) Includes provision for doubtful accounts. The 2019 year-to-date results above include $363 million of pre-tax acquisition-related and other charges, a $78 million tax benefit of the pre-tax acquisition-related and other charges, as well as $24 million of after-tax charges related to the Company's share of equity method investment earnings. The net impact of the above items and effect on diluted earnings per share by quarter was as follows:
Acquisition-Related Charges & Other |  | Diluted EPS Impact
• Q1 2019 — $52 million loss ($43 million after-tax and equity interest) |  | ($0.29) per diluted share
• Q2 2019 — $33 million loss ($44 million after-tax and equity interest) |  | ($0.29) per diluted share
• Q3 2019 — $114 million loss ($91 million after-tax and equity interest) |  | ($0.60) per diluted share
• Q4 2019 — $164 million loss ($131 million after-tax and equity interest) |  | ($0.86) per diluted share
The 2018 year-to-date results above include $450 million of pre-tax acquisition-related and other charges, as well as net tax charges of $181 million, which is comprised of charges related to the Tax Cuts and Jobs Act ("the Act") partially offset by the tax benefit of the pre-tax acquisition-related and other charges. The net impact of the above items and effect on diluted earnings per share by quarter was as follows:
Acquisition-Related Charges & Other |  | Diluted EPS Impact
• Q1 2018 — $25 million loss ($43 million after-tax) |  | ($0.28) per diluted share
• Q2 2018 — $127 million loss ($98 million after-tax) |  | ($0.64) per diluted share
• Q3 2018 — $85 million loss ($66 million after-tax) |  | ($0.43) per diluted share
• Q4 2018 — $213 million loss ($424 million after-tax) |  | ($2.83) per diluted share

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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