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PROPERTY, PLANT AND EQUIPMENT (Tables) | 12 Months Ended
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Jan. 01, 2022
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment |
(Millions of Dollars) | 2021 |  | 2020
Land | $ | 143.1 |  |  | $ | 136.7 |
Land improvements | 61.2 |  |  | 56.5 |
Buildings | 745.9 |  |  | 639.9 |
Leasehold improvements | 169.6 |  |  | 162.9 |
Machinery and equipment | 3,412.9 |  |  | 2,984.3 |
Computer software | 476.3 |  |  | 425.5 |
Property, plant & equipment, gross | $ | 5,009.0 |  |  | $ | 4,405.8 |
Less: accumulated depreciation and amortization | (2,661.9) |  |  | (2,432.7) |
Property, plant & equipment, net | $ | 2,347.1 |  |  | $ | 1,973.1 |
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) | 2021 |  | 2020 |  | 2019
Depreciation | $ | 326.3 |  |  | $ | 332.6 |  |  | $ | 325.2 |
Amortization | 47.7 |  |  | 43.9 |  |  | 47.6 |
Depreciation and amortization expense | $ | 374.0 |  |  | $ | 376.5 |  |  | $ | 372.8 |

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