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BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)
3 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
 Year-to-Date
(Millions of Dollars)20242023
Net Sales
Tools & Outdoor$3,284.6 $3,315.4 
Industrial584.9 616.4 
Consolidated$3,869.5 $3,931.8 
Segment Profit
Tools & Outdoor$255.7 $18.7 
Industrial65.2 67.4 
Segment Profit320.9 86.1 
Corporate Overhead(64.2)(75.7)
Other, net(80.0)(63.7)
Loss on sales of businesses (7.6)
Asset impairment charge(25.5)— 
Restructuring charges(15.0)(12.1)
Interest income43.6 39.8 
Interest expense(131.5)(130.9)
Earnings (loss) before income taxes$48.3 $(164.1)
Business Segments
The following table is a further disaggregation of the Industrial segment revenue for the three months ended March 30, 2024 and April 1, 2023:
Year-to-Date
(Millions of Dollars)20242023
Engineered Fastening$492.3 $476.3 
Infrastructure92.6 140.1 
Industrial$584.9 $616.4 
Summary of Total Assets by Segment
The following table is a summary of total assets by segment as of March 30, 2024 and December 30, 2023:
(Millions of Dollars)March 30, 2024December 30, 2023
Tools & Outdoor$19,080.9 $18,960.8 
Industrial4,071.4 4,081.7 
23,152.3 23,042.5 
Assets held for sale827.5 857.6 
Corporate assets(125.9)(236.3)
Consolidated$23,853.9 $23,663.8 
Summary of Net Sales by Geographic Area
The following table is a summary of net sales by geographic area for the three months ended March 30, 2024 and April 1, 2023:
Year-to-Date
(Millions of Dollars)20242023
United States$2,357.3 $2,422.4 
Canada215.9 218.3 
Other Americas209.5 193.4 
Europe788.7 783.7 
Asia298.1 314.0 
Consolidated$3,869.5 $3,931.8