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BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

			Second Quarter												Year-to-Date
(Millions of Dollars)			2023						2022						2023						2022
Net Sales
Tools & Outdoor			$	3,542.2					$	3,744.9					$	6,857.6					$	7,546.1
Industrial			616.7						648.1						1,233.1						1,294.7
Corporate Overhead			—						—						—						0.2
Consolidated			$	4,158.9					$	4,393.0					$	8,090.7					$	8,841.0
Segment Profit
Tools & Outdoor			$	102.0					$	361.6					$	120.7					$	740.1
Industrial			71.6						58.3						139.0						99.6
Segment Profit			173.6						419.9						259.7						839.7
Corporate Overhead			(78.8)						(65.5)						(154.5)						(140.2)
Other, net			(66.6)						(79.1)						(130.3)						(141.1)
Gain (loss) on sales of businesses			—						0.2						(7.6)						0.2
Asset impairment charge			—						(168.4)						—						(168.4)
Restructuring charges			(4.6)						(19.5)						(16.7)						(72.2)
Interest income			45.2						6.5						85.0						9.3
Interest expense			(144.6)						(78.2)						(275.5)						(132.9)
(Loss) earnings from continuing operations before income taxes			$	(75.8)					$	15.9					$	(239.9)					$	194.4

Business Segments

The following table is a further disaggregation of the Industrial segment revenue for the three and six months ended July 1, 2023 and July 2, 2022:

			Second Quarter												Year-to-Date
(Millions of Dollars)			2023						2022						2023						2022
Engineered Fastening			$	497.4					$	466.1					$	973.7					$	946.2
Infrastructure			119.3						182.0						259.4						348.5
Industrial			$	616.7					$	648.1					$	1,233.1					$	1,294.7

Summary of Total Assets by Segment

The following table is a summary of total assets by segment as of July 1, 2023 and December 31, 2022:

(Millions of Dollars)			July 1, 2023						December 31, 2022
Tools & Outdoor			$	20,212.5					$	20,202.0
Industrial			5,233.4						5,284.8
			25,445.9						25,486.8
Corporate assets			(512.7)						(523.5)
Consolidated			$	24,933.2					$	24,963.3

Summary of Net Sales by Geographic Area

The following table is a summary of net sales by geographic area for the three and six months ended July 1, 2023 and July 2, 2022:

			Second Quarter												Year-to-Date
(Millions of Dollars)			2023						2022						2023						2022
United States			$	2,600.6					$	2,731.5					$	5,023.0					$	5,476.0
Canada			194.7						243.5						413.0						480.0
Other Americas			221.1						216.1						414.5						414.4
France			133.3						128.0						281.6						268.0
Other Europe			700.4						729.8						1,335.8						1,503.4
Asia			308.8						344.1						622.8						699.2
Consolidated			$	4,158.9					$	4,393.0					$	8,090.7					$	8,841.0

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Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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