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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 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 & Outdoor |  | Industrial |  |  | Total
Balance January 2, 2021 | $ | 5,246.6 |  |  | $ | 2,646.5 |  |  |  | $ | 7,893.1 |
Acquisitions | 777.3 |  |  | (0.5) |  |  |  | 776.8 |
Foreign currency translation and other | (50.2) |  |  | (29.0) |  |  |  | (79.2) |
Balance January 1, 2022 | $ | 5,973.7 |  |  | $ | 2,617.0 |  |  |  | $ | 8,590.7 |
Acquisitions | 90.5 |  |  | — |  |  |  | 90.5 |
Foreign currency translation and other | (124.5) |  |  | (54.0) |  |  |  | (178.5) |
Balance December 31, 2022 | $ | 5,939.7 |  |  | $ | 2,563.0 |  |  |  | $ | 8,502.7 |
Intangible Assets | INTANGIBLE ASSETS — Intangible assets at December 31, 2022 and January 1, 2022 were as follows:
| 2022 |  | 2021
(Millions of Dollars) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized Intangible Assets — Definite lived |  |  |  |  |  |  |
Patents and copyrights | $ | 25.8 |  |  | $ | (25.6) |  |  | $ | 27.0 |  |  | $ | (26.6) |
Trade names | 247.7 |  |  | (118.0) |  |  | 275.9 |  |  | (118.8) |
Customer relationships | 2,881.2 |  |  | (1,059.9) |  |  | 3,027.5 |  |  | (1,027.5) |
Other intangible assets | 129.6 |  |  | (122.0) |  |  | 147.6 |  |  | (134.8) |
Total | $ | 3,284.3 |  |  | $ | (1,325.5) |  |  | $ | 3,478.0 |  |  | $ | (1,307.7) |
Intangible Assets Amortization Expense by Segment | Intangible assets amortization expense by segment was as follows:
(Millions of Dollars) | 2022 |  | 2021 |  | 2020
Tools & Outdoor | $ | 108.1 |  |  | $ | 64.1 |  |  | $ | 61.5 |
Industrial | 94.4 |  |  | 99.9 |  |  | 96.6 |
Discontinued Operations | — |  |  | 39.1 |  |  | 43.5 |
Consolidated | $ | 202.5 |  |  | $ | 203.1 |  |  | $ | 201.6 |

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