XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.20.2

ACQUISITIONS AND INVESTMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 27, 2020
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the estimated acquisition date value of identifiable net assets acquired and liabilities assumed:
(Millions of Dollars) |
Cash and cash equivalents | $ | 35.9 |
Accounts receivable, net | 48.6 |
Inventories, net | 127.6 |
Prepaid expenses and other assets | 2.7 |
Property, plant and equipment | 132.6 |
Trade names | 25.0 |
Customer relationships | 565.0 |
Accounts payable | (26.3) |
Accrued expenses | (20.9) |
Deferred taxes | (19.4) |
Other liabilities | (0.6) |
Total identifiable net assets | $ | 870.2 |
Goodwill | 621.5 |
Contingent consideration | (155.3) |
Total consideration paid | $ | 1,336.4 |
Actual Impact from Acquisition | The net sales and net loss from the 2020 acquisition included in the Company's Consolidated Statements of Operations and Comprehensive Income for the three and six months ended June 27, 2020 are shown in the table below. The net loss includes amortization relating to intangible assets recorded upon acquisition, inventory step-up charges, transaction costs, and other integration-related costs.
(Millions of Dollars) | Second Quarter 2020 |  | Year-to-Date 2020
Net sales | $ | 65.3 |  |  | $ | 98.4 |
Net loss attributable to common shareowners | $ | (30.6) |  |  | $ | (51.4) |
Pro-forma Impact from Acquisitions | The following table presents supplemental pro-forma information as if the 2020 acquisition had occurred on December 30, 2018 and the 2019 acquisitions had occurred on December 31, 2017. The pro-forma consolidated results are not necessarily indicative of what the Company’s consolidated net sales and net earnings would have been had the Company completed the acquisitions on the aforementioned dates. In addition, the pro-forma consolidated results do not purport to project the future results of the Company.
|  | Second Quarter |  |  |  | Year-to-Date |  |
(Millions of Dollars, except per share amounts) |  | 2020 |  | 2019 |  | 2020 |  | 2019
Net sales |  | $ | 3,147.4 |  |  | $ | 3,854.5 |  |  | $ | 6,322.8 |  |  | $ | 7,357.4 |
Net earnings attributable to common shareowners |  | $ | 251.3 |  |  | $ | 350.3 |  |  | $ | 399.2 |  |  | $ | 504.9 |
Diluted earnings per share |  | $ | 1.63 |  |  | $ | 2.33 |  |  | $ | 2.60 |  |  | $ | 3.36 |

X
- Definition Business Acquisition, Actual Impact From Acquisition + References No definition available. + Details
Name: | swk_BusinessAcquisitionActualImpactFromAcquisitionTableTextBlock
Namespace Prefix: | swk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration