XML 67 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 28, 2024

Income Tax Disclosure [Abstract]

Schedule of Significant Components of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities, excluding 2023 amounts classified as held for sale, at the end of each fiscal year were as follows:

(Millions of Dollars)			2024						2023
Deferred tax liabilities:
Depreciation			$	73.9					$	114.6
Intangible assets			799.6						817.7
Liability on undistributed foreign earnings			11.8						14.8
Lease right-of-use asset			118.1						126.5
Inventory			—						32.6
Other			37.4						44.2
Total deferred tax liabilities			$	1,040.8					$	1,150.4
Deferred tax assets:
Employee benefit plans			$	137.9					$	154.8
Basis differences in liabilities			139.5						100.8
Operating loss, capital loss and tax credit carryforwards			983.7						826.5
Lease liability			123.3						129.1
Intangible assets			636.2						681.3
Basis difference in debt obligations			—						249.1
Capitalized research and development costs			205.3						194.6
Interest expense carryforward			207.2						152.7
Inventory			22.5						—
Other			151.3						159.1
Total deferred tax assets			$	2,606.9					$	2,648.0
Net Deferred Tax Asset before Valuation Allowance			$	1,566.1					$	1,497.6
Valuation Allowance			$	(967.8)					$	(1,046.9)
Net Deferred Tax Asset after Valuation Allowance			$	598.3					$	450.7

Schedule of Components of Earnings (Loss) from Continuing Operations Before Income Taxes

The components of earnings (loss) from continuing operations before income taxes consisted of the following:

(Millions of Dollars)			2024						2023						2022
United States			$	(925.4)					$	(1,385.0)					$	(1,233.8)
Foreign			1,166.5						1,009.3						1,271.7
Earnings (loss) before income taxes			$	241.1					$	(375.7)					$	37.9

Schedule of Income Taxes on Continuing Operations

Income taxes on continuing operations consisted of the following:

(Millions of Dollars)			2024						2023						2022
Current:
Federal			$	4.3					$	5.8					$	(79.0)
Foreign			174.9						307.4						248.6
State			2.8						17.1						(16.7)
Total current			$	182.0					$	330.3					$	152.9
Deferred:
Federal			$	(181.5)					$	(158.2)					$	(61.2)
Foreign			(17.5)						(218.3)						(222.5)
State			(28.2)						(47.8)						(1.6)
Total deferred			(227.2)						(424.3)						(285.3)
Income taxes on continuing operations			$	(45.2)					$	(94.0)					$	(132.4)

Schedule of Reconciliation of U.S. Federal Statutory Income Tax to Income Taxes on Continuing Operations

The reconciliation of the U.S. federal statutory income tax provision to Income taxes on continuing operations in the Consolidated Statements of Operations is as follows:

(Millions of Dollars)			2024						2023						2022
Tax at statutory rate			$	50.6					$	(78.9)					$	8.0
State income taxes, net of federal benefits			(21.2)						(23.6)						(19.3)
Foreign tax rate differential			(0.9)						(48.0)						(28.8)
Uncertain tax benefits			(8.6)						30.5						26.3
Change in valuation allowance			(28.1)						33.5						(25.1)
Change in deferred tax liabilities on undistributed foreign earnings			1.2						—						12.8
Stock-based compensation			8.0						8.2						7.3
Change in tax rates			0.7						0.2						(5.5)
Tax credits			(20.2)						(17.8)						(10.3)
U.S. federal tax expense on foreign earnings			15.9						63.6						51.6
Intra-entity asset transfer of intellectual property			—						(131.3)						(153.3)
Withholding taxes			13.6						38.9						5.4
Impairment on assets held for sale			4.0						30.4						—
Capital loss			(64.4)						—						—
Global minimum taxes			3.9						—						—
Other			0.3						0.3						(1.5)
Income taxes on continuing operations			$	(45.2)					$	(94.0)					$	(132.4)

Schedule of Activity Related to Unrecognized Tax Benefits

The following table summarizes the activity related to the unrecognized tax benefits:

(Millions of Dollars)			2024						2023						2022
Balance at beginning of year			$	481.3					$	502.7					$	487.7
Additions based on tax positions related to current year			41.4						20.9						27.2
Additions based on tax positions related to prior years			10.2						20.4						41.1
Reductions based on tax positions related to prior years			(41.6)						(8.2)						(37.8)
Settlements			(10.2)						(16.2)						(7.0)
Statute of limitations expirations			(28.7)						(16.8)						(8.5)
Reclassification to long-term liabilities held for sale			—						(21.5)						—
Balance at end of year			$	452.4					$	481.3					$	502.7

X

- Definition

Schedule of Deferred Tax Assets and Liabilities in Balance Sheet [Table Text Block]

+ References

No definition available.

+ Details

Name:	swk_ScheduleOfDeferredTaxAssetsAndLiabilitiesInBalanceSheetTableTableTextBlock
Namespace Prefix:	swk_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-9

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-2

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 217
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-217

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration