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BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables) | 3 Months Ended
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Mar. 29, 2025
Segment Reporting [Abstract] |
Schedule of Net Sales and Segment Profit |
(Millions of Dollars) | Year-to-Date 2025
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 3,280.9 |  |  | $ | 463.7 |  |  | $ | 3,744.6 |
Cost of sales | 2,290.5 |  | 333.4 |  |
Selling, general and administrative | 701.2 |  | 91.3 |  |
Segment Profit | $ | 289.2 |  |  | $ | 39.0 |  |  | $ | 328.2 |
Corporate overhead |  | (74.4) |
Other, net |  | (47.5) |
Loss on sale of business |  | (0.3) |
Restructuring charges |  | (1.2) |
Interest income |  | 49.2 |
Interest expense |  | (126.4) |
Earnings before income taxes |  | $ | 127.6 |
(Millions of Dollars) | Year-to-Date 2024
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 3,284.6 |  |  | $ | 584.9 |  |  | $ | 3,869.5 |
Cost of sales | 2,342.9 |  | 418.9 |  |
Selling, general and administrative | 686.0 |  | 100.8 |  |
Segment Profit | $ | 255.7 |  |  | $ | 65.2 |  |  | $ | 320.9 |
Corporate overhead |  | (64.2) |
Other, net |  | (80.0) |
Asset impairment charge |  | (25.5) |
Restructuring charges |  | (15.0) |
Interest income |  | 43.6 |
Interest expense |  | (131.5) |
Earnings before income taxes |  | $ | 48.3 |
(Millions of Dollars) | Year-to-Date
| 2025 |  | 2024
Capital and Software Expenditures |  |  |
Tools & Outdoor | $ | 56.1 |  |  | $ | 56.1 |
Engineered Fastening | 8.9 |  |  | 9.6 |
Consolidated | $ | 65.0 |  |  | $ | 65.7 |
Depreciation and Amortization |  |  |
Tools & Outdoor | $ | 98.8 |  |  | $ | 107.0 |
Engineered Fastening | 29.6 |  |  | 33.2 |
Consolidated | $ | 128.4 |  |  | $ | 140.2 |
(Millions of Dollars) | March 29, 2025 |  | December 28, 2024
Segment Assets |  |  |
Tools & Outdoor | $ | 18,670.5 |  |  | $ | 18,135.8 |
Engineered Fastening | 3,960.7 |  |  | 3,962.9 |
| 22,631.2 |  |  | 22,098.7 |
Corporate assets | (135.0) |  |  | (249.8) |
Consolidated | $ | 22,496.2 |  |  | $ | 21,848.9 |
Schedule of Net Sales by Geographic Area | The following table is a summary of net sales by geographic area for the three months ended March 29, 2025 and March 30, 2024:
|  |  | Year-to-Date
(Millions of Dollars) |  |  |  |  | 2025 |  | 2024
United States |  |  |  |  | $ | 2,327.3 |  |  | $ | 2,357.3 |
Canada |  |  |  |  | 198.1 |  |  | 215.9 |
Other Americas |  |  |  |  | 179.2 |  |  | 209.5 |
Europe |  |  |  |  | 752.0 |  |  | 788.7 |
Asia |  |  |  |  | 288.0 |  |  | 298.1 |
Consolidated |  |  |  |  | $ | 3,744.6 |  |  | $ | 3,869.5 |

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