XML 69 R52.htm IDEA: XBRL DOCUMENT v3.25.0.1
DIVESTITURES (Tables)
 12 Months Ended
Dec. 28, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Pre Tax Income
Following is the pre-tax income for this business for the years ended December 28, 2024, December 30, 2023 and December 31, 2022:

(Millions of Dollars)202420232022
Pre-tax income$9.6 $52.0 $54.3 
Schedule of Discontinued Operations
The carrying amounts of the assets and liabilities that were aggregated in assets held for sale and liabilities held for sale as of December 30, 2023 are presented in the following table:
(Millions of Dollars)December 30, 2023
Cash and cash equivalents$0.6 
Accounts and notes receivable, net41.3 
Inventories, net96.5 
Other current assets2.4 
Property, plant and equipment, net70.4 
Goodwill389.7 
Intangibles, net214.3 
Other assets42.4 
Total assets$857.6 
Accounts payable and accrued expenses$44.1 
Other long-term liabilities84.8 
Total liabilities$128.9 
Summarized operating results of discontinued operations are presented in the following table for each fiscal year ended:
(Millions of Dollars)202420232022
Net Sales$— $— $1,056.3 
Cost of sales— — 687.5 
Selling, general, and administrative(1)
— — 308.0 
Gain (loss) on sale of discontinued operations10.4 (14.3)1,197.4 
Other, net and restructuring charges— — 47.3 
Earnings (loss) from discontinued operations before income taxes$10.4 $(14.3)$1,210.9 
Income taxes on discontinued operations2.4 14.5 318.5 
Net earnings (loss) from discontinued operations$8.0 $(28.8)$892.4 
(1) Includes provision for credit losses.

The following table presents the significant non-cash items and capital expenditures for the discontinued operations with respect to CSS and MAS that are included in the Consolidated Statements of Cash Flows for the fiscal year ended December 31, 2022:

(Millions of Dollars)2022
Depreciation and amortization$0.4 
Capital expenditures$6.3 
Stock-based compensation$17.5