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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill by segment are as follows:
(Millions of Dollars) | Tools & Outdoor |  | Industrial |  |  | Total
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 |
Reclassification to assets held for sale | — |  |  | (540.5) |  |  |  | (540.5) |
Foreign currency translation and other | 36.6 |  |  | (2.9) |  |  |  | 33.7 |
Balance December 30, 2023 | $ | 5,976.3 |  |  | $ | 2,019.6 |  |  |  | $ | 7,995.9 |
Intangible Assets | Definite-lived intangible assets at December 30, 2023 and December 31, 2022 were as follows:
| 2023 |  | 2022
(Millions of Dollars) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized Intangible Assets — Definite-lived |  |  |  |  |  |  |
Patents and copyrights | $ | 26.2 |  |  | $ | (26.1) |  |  | $ | 25.8 |  |  | $ | (25.6) |
Trade names | 223.6 |  |  | (120.7) |  |  | 247.7 |  |  | (118.0) |
Customer relationships | 2,578.4 |  |  | (1,132.7) |  |  | 2,881.2 |  |  | (1,059.9) |
Other intangible assets | 130.2 |  |  | (125.7) |  |  | 129.6 |  |  | (122.0) |
Total | $ | 2,958.4 |  |  | $ | (1,405.2) |  |  | $ | 3,284.3 |  |  | $ | (1,325.5) |
Intangible Assets Amortization Expense by Segment | Intangible assets amortization expense by segment was as follows:
(Millions of Dollars) | 2023 |  | 2022 |  | 2021
Tools & Outdoor | $ | 103.1 |  |  | $ | 108.1 |  |  | $ | 64.1 |
Industrial | 89.6 |  |  | 94.4 |  |  | 99.9 |
Discontinued Operations | — |  |  | — |  |  | 39.1 |
Consolidated | $ | 192.7 |  |  | $ | 202.5 |  |  | $ | 203.1 |

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