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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amount of Goodwill by Segment | The changes in the carrying amount of goodwill by segment are as follows:
(Millions of Dollars) | Tools & Outdoor |  | Industrial |  |  | Total
Balance December 31, 2022 | $ | 5,939.7 |  |  | $ | 2,563.0 |  |  |  | $ | 8,502.7 |
Reclassification to assets held for sale | — |  |  | (540.5) |  |  |  | (540.5) |
Foreign currency translation and other | 36.6 |  |  | (2.9) |  |  |  | 33.7 |
Balance December 30, 2023 | $ | 5,976.3 |  |  | $ | 2,019.6 |  |  |  | $ | 7,995.9 |
Foreign currency translation and other | (67.1) |  |  | (23.3) |  |  |  | (90.4) |
Balance December 28, 2024 | $ | 5,909.2 |  |  | $ | 1,996.3 |  |  |  | $ | 7,905.5 |
Schedule of Definite-Lived Intangible Assets | Definite-lived intangible assets at December 28, 2024 and December 30, 2023 were as follows:
| 2024 |  | 2023
(Millions of Dollars) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized Intangible Assets — Definite-lived |  |  |  |  |  |  |
Patents and copyrights | $ | 25.3 |  |  | $ | (25.2) |  |  | $ | 26.2 |  |  | $ | (26.1) |
Trade names | 222.0 |  |  | (134.0) |  |  | 223.6 |  |  | (120.7) |
Customer relationships | 2,550.7 |  |  | (1,257.3) |  |  | 2,578.4 |  |  | (1,132.7) |
Other intangible assets | 129.8 |  |  | (127.9) |  |  | 130.2 |  |  | (125.7) |
Total | $ | 2,927.8 |  |  | $ | (1,544.4) |  |  | $ | 2,958.4 |  |  | $ | (1,405.2) |
Schedule of Intangible Assets Amortization Expense by Segment | Intangible assets amortization expense by segment was as follows:
(Millions of Dollars) | 2024 |  | 2023 |  | 2022
Tools & Outdoor | $ | 101.6 |  |  | $ | 103.1 |  |  | $ | 108.1 |
Industrial | 61.6 |  |  | 89.6 |  |  | 94.4 |
Consolidated | $ | 163.2 |  |  | $ | 192.7 |  |  | $ | 202.5 |

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