XML 54 R43.htm IDEA: XBRL DOCUMENT
v3.22.1

DIVESTITURES (Tables) | 3 Months Ended
--- | ---
Apr. 02, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | Summarized operating results of discontinued operations are presented in the following table for the three months ended April 2, 2022 and April 3, 2021:
| Year-to-Date
(Millions of Dollars) | 2022 |  | 2021
Net Sales | $ | 488.3 |  |  | $ | 476.3 |
Cost of sales | 312.6 |  |  | 299.8 |
Selling, general, and administrative(1) | 138.2 |  |  | 133.7 |
Other, net and restructuring charges | 15.3 |  |  | 11.7 |
Earnings from discontinued operations before income taxes | $ | 22.2 |  |  | $ | 31.1 |
Income taxes on discontinued operations | 2.4 |  |  | 3.9 |
Net earnings from discontinued operations | $ | 19.8 |  |  | $ | 27.2 |
(1) Includes provision for credit losses. The following table presents the significant non-cash items and capital expenditures for the discontinued operations with respect to MAS and CSS that are included in the Condensed Consolidated Statements of Cash Flows (in millions) for the three months ended April 2, 2022 and April 3, 2021:
| Year-to-Date
(Millions of Dollars) | 2022 |  | 2021
Depreciation and amortization | $ | 1.3 |  |  | $ | 16.6 |
Capital expenditures | $ | 4.0 |  |  | $ | 4.9 |
Stock-based compensation | $ | 9.3 |  |  | $ | 2.0 |
The carrying amounts of the assets and liabilities that were aggregated in assets held for sale and liabilities held for sale as of April 2, 2022 and January 1, 2022 are presented in the following table:
(Millions of Dollars) | April 2, 2022 |  | January 1, 2022
Cash and cash equivalents | $ | 150.8 |  |  | $ | 145.1 |
Accounts and notes receivable, net | 495.7 |  |  | 513.9 |
Inventories, net | 170.5 |  |  | 169.4 |
Other current assets | 47.0 |  |  | 41.2 |
Property, plant and equipment, net | 90.9 |  |  | 84.3 |
Goodwill and other intangibles, net | 2,250.6 |  |  | 2,270.2 |
Other assets | 287.0 |  |  | 281.3 |
Total assets | $ | 3,492.5 |  |  | $ | 3,505.4 |
Accounts payable and accrued expenses | $ | 463.5 |  |  | $ | 460.4 |
Other long-term liabilities | 129.1 |  |  | 137.4 |
Total liabilities | $ | 592.6 |  |  | $ | 597.8 |

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

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration