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SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 28, 2024

Accounting Policies [Abstract]

Schedule of Depreciation and Amortization

Depreciation and amortization are provided using straight-line methods over the estimated useful lives of the assets as follows:

						Useful Life (Years)
Land improvements						10 — 20
Buildings						40
Machinery and equipment						3 — 15
Computer software						3 — 7

(Millions of Dollars)			December 28, 2024						December 30, 2023
Land			$	132.0					$	135.1
Land improvements			55.2						55.0
Buildings			805.1						808.6
Leasehold improvements			205.0						180.9
Machinery and equipment			3,402.1						3,391.2
Computer software			529.6						510.4
Property, plant & equipment, gross			$	5,129.0					$	5,081.2
Less: accumulated depreciation and amortization			(3,094.7)						(2,911.3)
Property, plant & equipment, net			$	2,034.3					$	2,169.9

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-1

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