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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Jan. 01, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amount of Goodwill by Segment | GOODWILL — The changes in the carrying amount of goodwill by segment are as follows:
(Millions of Dollars) | Tools & Storage |  | Industrial |  | Other |  | Total
Balance December 28, 2019 | $ | 5,161.8 |  |  | $ | 1,995.5 |  |  | $ | 223.3 |  |  | $ | 7,380.6 |
Acquisitions | 0.1 |  |  | 635.7 |  |  | — |  |  | 635.8 |
Foreign currency translation and other | 85.8 |  |  | 15.3 |  |  | (31.0) |  |  | 70.1 |
Balance January 2, 2021 | $ | 5,247.7 |  |  | $ | 2,646.5 |  |  | $ | 192.3 |  |  | $ | 8,086.5 |
Acquisitions | 777.3 |  |  | (0.5) |  |  | — |  |  | 776.8 |
Foreign currency translation and other | (50.2) |  |  | (29.0) |  |  | 0.1 |  |  | (79.1) |
Balance January 1, 2022 | $ | 5,974.8 |  |  | $ | 2,617.0 |  |  | $ | 192.4 |  |  | $ | 8,784.2 |
Intangible Assets | INTANGIBLE ASSETS — Intangible assets at January 1, 2022 and January 2, 2021 were as follows:
| 2021 |  | 2020
(Millions of Dollars) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized Intangible Assets — Definite lived |  |  |  |  |  |  |
Patents and copyrights | $ | 27.0 |  |  | $ | (26.6) |  |  | $ | 28.1 |  |  | $ | (27.6) |
Trade names | 276.3 |  |  | (119.2) |  |  | 180.8 |  |  | (105.6) |
Customer relationships | 3,042.8 |  |  | (1,038.4) |  |  | 2,452.3 |  |  | (904.1) |
Other intangible assets | 150.1 |  |  | (137.2) |  |  | 150.5 |  |  | (132.0) |
Total | $ | 3,496.2 |  |  | $ | (1,321.4) |  |  | $ | 2,811.7 |  |  | $ | (1,169.3) |
Aggregate Intangible Assets Amortization Expense by Segment | Intangible assets amortization expense by segment was as follows:
(Millions of Dollars) | 2021 |  | 2020 |  | 2019
Tools & Storage | $ | 64.1 |  |  | $ | 61.5 |  |  | $ | 73.1 |
Industrial | 99.9 |  |  | 96.6 |  |  | 69.6 |
Other | 39.1 |  |  | 43.5 |  |  | 44.7 |
Consolidated | $ | 203.1 |  |  | $ | 201.6 |  |  | $ | 187.4 |

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