XML 51 R39.htm IDEA: XBRL DOCUMENT
v3.24.2

COMMITMENTS AND GUARANTEES (Tables) | 6 Months Ended
--- | ---
Jun. 29, 2024
Commitments and Guarantees [Abstract] |
Schedule of Right-of-Use Assets and Lease Liabilities | The following is a summary of the Company's right-of-use assets and lease liabilities:
(Millions of Dollars) | June 29, 2024 |  | December 30, 2023
Right-of-use assets | $500.2 |  | $502.9
Lease liabilities | $507.3 |  | $506.6
Weighted-average incremental borrowing rate | 4.8% |  | 4.6%
Weighted-average remaining term | 6 years |  | 7 years
Schedule of Financial Guarantees | The Company’s financial guarantees at June 29, 2024 are as follows:
(Millions of Dollars) | Term |  | Maximum Potential Payment |  | Carrying Amount of Liability
Guarantees on the residual values of leased assets | Three to nine years |  | $ | 78.2 |  |  | $ | — |
Standby letters of credit | Up to twenty years |  | 182.4 |  |  | — |
Commercial customer financing arrangements | Up to ten years |  | 88.8 |  |  | 14.8 |
Total |  |  | $ | 349.4 |  |  | $ | 14.8 |
Schedule of Changes in Carrying Amount of Product and Service Warranties | The changes in the carrying amount of product warranties for the six months ended June 29, 2024 and July 1, 2023 are as follows:
(Millions of Dollars) | 2024 |  | 2023
Balance beginning of period | $ | 136.7 |  |  | $ | 126.6 |
Warranties and guarantees issued | 89.4 |  |  | 86.1 |
Warranty payments and currency | (85.1) |  |  | (85.1) |
Balance end of period | $ | 141.0 |  |  | $ | 127.6 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | swk_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | swk_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Commitments and Guarantees [Abstract] + References No definition available. + Details
Name: | swk_CommitmentsandGuaranteesAbstract
Namespace Prefix: | swk_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-4 + Details
Name: | us-gaap_ScheduleOfGuaranteeObligationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482425/460-10-50-8 + Details
Name: | us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration