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BUSINESS SEGMENTS (Tables) | 3 Months Ended
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Mar. 28, 2020
Segment Reporting [Abstract] |
Reconciliation of Revenue from Segments to Consolidated |
|  | Year-to-Date
(Millions of Dollars) |  | 2020 |  | 2019
NET SALES |  |  |  |
Tools & Storage |  | $ | 2,070.8 |  |  | $ | 2,292.3 |
Industrial |  | 590.7 |  |  | 555.0 |
Security |  | 467.9 |  |  | 486.3 |
Total |  | $ | 3,129.4 |  |  | $ | 3,333.6 |
SEGMENT PROFIT |  |  |  |
Tools & Storage |  | $ | 234.8 |  |  | $ | 265.8 |
Industrial |  | 67.8 |  |  | 71.0 |
Security |  | 20.9 |  |  | 39.5 |
Segment profit |  | 323.5 |  |  | 376.3 |
Corporate overhead |  | (48.9 | ) |  | (49.6 | )
Other, net |  | (74.9 | ) |  | (65.4 | )
Restructuring charges |  | (3.9 | ) |  | (8.7 | )
Interest expense |  | (59.7 | ) |  | (74.4 | )
Interest income |  | 10.1 |  |  | 16.6 |
Earnings before income taxes and equity interest |  | $ | 146.2 |  |  | $ | 194.8 |
Business Segments | The following table provides the percent of total segment revenue recognized over time for the Industrial and Security segments for the three months ended March 28, 2020 and March 30, 2019:
|  | Year-to-Date
|  | 2020 |  | 2019
Industrial |  | 10.6 | % |  | 10.5 | %
Security |  | 47.0 | % |  | 45.4 | %
The following table is a further disaggregation of the Industrial segment revenue for the three months ended March 28, 2020 and March 30, 2019:
|  | Year-to-Date
(Millions of Dollars) |  | 2020 |  | 2019
Engineered Fastening |  | $ | 424.7 |  |  | $ | 434.3 |
Infrastructure |  | 166.0 |  |  | 120.7 |
Industrial |  | $ | 590.7 |  |  | $ | 555.0 |
Summary of Total Assets by Segment | The following table is a summary of total assets by segment as of March 28, 2020 and December 28, 2019:
(Millions of Dollars) | March 28, 2020 |  | December 28, 2019
Tools & Storage | $ | 13,712.9 |  |  | $ | 13,642.4 |
Industrial | 5,721.2 |  |  | 4,207.0 |
Security | 3,343.3 |  |  | 3,448.6 |
| 22,777.4 |  |  | 21,298.0 |
Corporate assets | 127.6 |  |  | (701.4 | )
Consolidated | $ | 22,905.0 |  |  | $ | 20,596.6 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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