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GOODWILL | 6 Months Ended
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Jun. 29, 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 | (39.0) |  |  | (14.8) |  |  | (53.8) |
Balance June 29, 2024 | $ | 5,937.3 |  |  | $ | 2,004.8 |  |  | $ | 7,942.1 |
Goodwill totaling $540.5 million relating to the Infrastructure business was reclassified to assets held for sale as of December 30, 2023. The Infrastructure goodwill amount was 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 prior to the sale of the business in the second quarter of 2024. Refer to Note Q, Divestitures, for further discussion.

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