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PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
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Jan. 02, 2021
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment |
(Millions of Dollars) | 2020 |  | 2019
Land | $ | 140.5 |  |  | $ | 112.2 |
Land improvements | 56.4 |  |  | 52.6 |
Buildings | 655.2 |  |  | 630.3 |
Leasehold improvements | 192.6 |  |  | 172.1 |
Machinery and equipment | 3,077.5 |  |  | 2,812.8 |
Computer software | 557.7 |  |  | 510.8 |
Property, plant & equipment, gross | $ | 4,679.9 |  |  | $ | 4,290.8 |
Less: accumulated depreciation and amortization | (2,626.1) |  |  | (2,331.3) |
Property, plant & equipment, net | $ | 2,053.8 |  |  | $ | 1,959.5 |
Depreciation and Amortization Expense Associated with Property, Plant and Equipment | Depreciation and amortization expense associated with property, plant and equipment was as follows:
(Millions of Dollars) | 2020 |  | 2019 |  | 2018
Depreciation | $ | 332.6 |  |  | $ | 325.2 |  |  | $ | 288.4 |
Amortization | 43.9 |  |  | 47.6 |  |  | 42.8 |
Depreciation and amortization expense | $ | 376.5 |  |  | $ | 372.8 |  |  | $ | 331.2 |

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