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BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables) | 12 Months Ended
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Dec. 28, 2024
Segment Reporting [Abstract] |
Schedule of Net Sales, Segment Profit, Capital and Software Expenditures, Depreciation and Amortization and Segment Assets | BUSINESS SEGMENTS
(Millions of Dollars) | 2024
| Tools & Outdoor |  | Industrial |  | Total
Net Sales | $ | 13,304.2 |  |  | $ | 2,061.5 |  |  | $ | 15,365.7 |
Cost of sales | 9,404.0 |  |  | 1,452.0 |  |  |
Selling, general and administrative | 2,702.8 |  |  | 354.6 |  |  |
Segment Profit | $ | 1,197.4 |  |  | $ | 254.9 |  |  | $ | 1,452.3 |
Corporate Overhead |  | (270.6) |
Other, net |  | (448.8) |
Restructuring charges |  | (99.9) |
Asset impairment charges |  | (72.4) |
Interest income |  | 179.1 |
Interest expense |  | (498.6) |
Earnings from continuing operations before income taxes |  | $ | 241.1 |
(Millions of Dollars) | 2023
| Tools & Outdoor |  | Industrial |  | Total
Net Sales | $ | 13,367.1 |  |  | $ | 2,414.0 |  |  | $ | 15,781.1 |
Cost of sales | 10,090.2 |  |  | 1,758.2 |  |  |
Selling, general and administrative | 2,589.3 |  |  | 389.3 |  |  |
Segment Profit | $ | 687.6 |  |  | $ | 266.5 |  |  | $ | 954.1 |
Corporate Overhead |  | (312.2) |
Other, net |  | (320.1) |
Loss on sales of businesses |  | (10.8) |
Restructuring charges |  | (39.4) |
Asset impairment charges |  | (274.8) |
Interest income |  | 186.9 |
Interest expense |  | (559.4) |
Loss from continuing operations before income taxes |  | $ | (375.7) |
(Millions of Dollars) | 2022
| Tools & Outdoor |  | Industrial |  | Total
Net Sales | $ | 14,423.7 |  |  | $ | 2,523.4 |  |  | $ | 16,947.1 |
Cost of sales | 10,803.9 |  |  | 1,862.6 |  |  |
Selling, general and administrative | 2,647.9 |  |  | 424.6 |  |  |
Segment Profit | $ | 971.9 |  |  | $ | 236.2 |  |  | $ | 1,208.1 |
Corporate Overhead |  | (294.0) |
Other, net |  | (274.8) |
Loss on sales of businesses |  | (8.4) |
Restructuring charges |  | (140.8) |
Asset impairment charges |  | (168.4) |
Interest income |  | 54.7 |
Interest expense |  | (338.5) |
Earnings from continuing operations before income taxes |  | $ | 37.9 |
(Millions of Dollars) | 2024 |  | 2023 |  | 2022
Capital and Software Expenditures |  |  |  |  |
Tools & Outdoor | $ | 301.5 |  |  | $ | 264.7 |  |  | $ | 438.5 |
Industrial | 52.4 |  |  | 74.0 |  |  | 85.6 |
Discontinued operations | — |  |  | — |  |  | 6.3 |
Consolidated | $ | 353.9 |  |  | $ | 338.7 |  |  | $ | 530.4 |
Depreciation and Amortization |  |  |  |  |
Tools & Outdoor | $ | 456.8 |  |  | $ | 453.5 |  |  | $ | 387.6 |
Industrial | 132.7 |  |  | 171.6 |  |  | 184.2 |
Discontinued operations | — |  |  | — |  |  | 0.4 |
Consolidated | $ | 589.5 |  |  | $ | 625.1 |  |  | $ | 572.2 |
Segment Assets | December 28, 2024 |  | December 30, 2023
Tools & Outdoor | $ | 18,135.8 |  |  | $ | 18,960.8 |
Industrial | 3,962.9 |  |  | 4,081.7 |
| 22,098.7 |  |  | 23,042.5 |
Assets held for sale | — |  |  | 857.6 |
Corporate assets | (249.8) |  |  | (236.3) |
Consolidated | $ | 21,848.9 |  |  | $ | 23,663.8 |
Schedule of Disaggregation of Industrial Segment Revenue | The following table is a further disaggregation of the Industrial segment revenue for the years ended December 28, 2024, December 30, 2023 and December 31, 2022:
(Millions of Dollars) | 2024 |  | 2023 |  | 2022
Engineered Fastening | $ | 1,968.9 |  |  | $ | 1,965.4 |  |  | $ | 1,874.8 |
Infrastructure | 92.6 |  |  | 448.6 |  |  | 648.6 |
Industrial | $ | 2,061.5 |  |  | $ | 2,414.0 |  |  | $ | 2,523.4 |
Schedule of Net Sales and Property Plant and Equipment, Net by Geographic Area |
(Millions of Dollars) | 2024 |  | 2023 |  | 2022
Net Sales |  |  |  |  |
United States | $ | 9,505.4 |  |  | $ | 9,861.3 |  |  | $ | 10,733.1 |
Canada | 739.5 |  |  | 761.5 |  |  | 835.7 |
Other Americas | 879.7 |  |  | 870.9 |  |  | 839.4 |
Europe | 3,018.3 |  |  | 3,024.7 |  |  | 3,154.7 |
Asia | 1,222.8 |  |  | 1,262.7 |  |  | 1,384.5 |
Consolidated | $ | 15,365.7 |  |  | $ | 15,781.1 |  |  | $ | 16,947.4 |
(Millions of Dollars) | December 28, 2024 |  | December 30, 2023
Property, Plant & Equipment, net |  |  |
United States | $ | 1,256.8 |  |  | $ | 1,306.5 |
Canada | 5.6 |  |  | 7.2 |
Other Americas | 208.4 |  |  | 253.2 |
Europe | 273.4 |  |  | 300.0 |
Asia | 290.1 |  |  | 303.0 |
Consolidated | $ | 2,034.3 |  |  | $ | 2,169.9 |

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