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GOODWILL | 3 Months Ended
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Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL | GOODWILL Changes in the carrying amount of goodwill by segment are as follows:
(Millions of Dollars) | Tools & Outdoor |  | Industrial |  | Total
Balance December 30, 2023 | $ | 5,976.3 |  |  | $ | 2,019.6 |  |  | $ | 7,995.9 |
Foreign currency translation & other | (33.6) |  |  | (7.6) |  |  | (41.2) |
Balance March 30, 2024 | $ | 5,942.7 |  |  | $ | 2,012.0 |  |  | $ | 7,954.7 |
Goodwill totaling $539.6 million and $540.5 million relating to the Infrastructure business was reclassified to assets held for sale as of March 30, 2024 and December 30, 2023, respectively. These goodwill amounts were included in the determination of the impairment charges recorded in the fourth quarter of 2023 and first quarter of 2024 to adjust the carrying amount of Infrastructure's long-lived assets to its estimated fair value less selling costs. Refer to Note Q, Divestitures, for further discussion.

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