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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
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 & OutdoorIndustrialTotal
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 other36.6 (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:
 
 20242023
(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 names222.0 (134.0)223.6 (120.7)
Customer relationships2,550.7 (1,257.3)2,578.4 (1,132.7)
Other intangible assets129.8 (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)202420232022
Tools & Outdoor$101.6 $103.1 $108.1 
Industrial61.6 89.6 94.4 
Consolidated$163.2 $192.7 $202.5