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BUSINESS SEGMENTS (Tables)

3 Months Ended

Apr. 03, 2021

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

									Year-to-Date
(Millions of Dollars)															2021						2020
NET SALES
Tools & Storage															$	3,062.9					$	2,070.8
Industrial															657.7						590.7
Security															476.5						467.9
Total															$	4,197.1					$	3,129.4
SEGMENT PROFIT
Tools & Storage															$	651.3					$	234.8
Industrial															101.2						67.8
Security															34.6						20.9
Segment profit															787.1						323.5
Corporate overhead															(75.7)						(48.9)
Other, net															(59.0)						(74.9)
Loss on sale of business															(1.0)						—
Restructuring charges															(2.3)						(3.9)
Interest expense															(47.5)						(59.7)
Interest income															2.9						10.1
Earnings before income taxes and equity interest															$	604.5					$	146.2

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 April 3, 2021 and March 28, 2020:

									Year-to-Date
															2021						2020
Industrial															5.7		%				10.6		%
Security															50.1		%				47.0		%

The decrease in Industrial revenue recognized over time relates to a previously divested product line within Oil & Gas.

The following table is a further disaggregation of the Industrial segment revenue for the three months ended April 3, 2021 and March 28, 2020:

									Year-to-Date
(Millions of Dollars)															2021						2020
Engineered Fastening															$	496.8					$	424.7
Infrastructure															160.9						166.0
Industrial															$	657.7					$	590.7

Summary of Total Assets by Segment

The following table is a summary of total assets by segment as of April 3, 2021 and January 2, 2021:

(Millions of Dollars)			April 3, 2021						January 2, 2021
Tools & Storage			$	14,891.0					$	14,294.9
Industrial			5,633.5						5,621.4
Security			3,511.3						3,493.5
			24,035.8						23,409.8
Corporate			(159.8)						156.5
Consolidated			$	23,876.0					$	23,566.3

Summary of Net Sales by Geographic Area

The following table is a summary of net sales by geographic area for the three months ended April 3, 2021 and March 28, 2020:

									Year-to-Date
(Millions of Dollars)															2021						2020
United States															$	2,378.7					$	1,842.0
Canada															220.0						149.9
Other Americas															199.3						129.7
France															192.2						134.8
Other Europe															874.0						649.1
Asia															332.9						223.9
Consolidated															$	4,197.1					$	3,129.4

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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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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.

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