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GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
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 & OutdoorIndustrialTotal
Balance January 2, 2021$5,246.6 $2,646.5 $7,893.1 
Acquisitions777.3 (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 
Acquisitions90.5 — 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:
 
 20222021
(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 names247.7 (118.0)275.9 (118.8)
Customer relationships2,881.2 (1,059.9)3,027.5 (1,027.5)
Other intangible assets129.6 (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)202220212020
Tools & Outdoor$108.1 $64.1 $61.5 
Industrial94.4 99.9 96.6 
Discontinued Operations— 39.1 43.5 
Consolidated$202.5 $203.1 $201.6