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BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables) | 6 Months Ended
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Jun. 28, 2025
Segment Reporting [Abstract] |
Schedule of Net Sales and Segment Profit |
(Millions of Dollars) | Second Quarter 2025
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 3,461.4 |  |  | $ | 483.8 |  |  | $ | 3,945.2 |
Cost of sales | 2,525.9 |  | 350.6 |  |
Selling, general and administrative | 697.4 |  | 98.2 |  |
Segment Profit | $ | 238.1 |  |  | $ | 35.0 |  |  | $ | 273.1 |
Corporate overhead |  | (79.7) |
Other, net |  | (67.7) |
Restructuring charges |  | (18.8) |
Interest income |  | 48.9 |
Interest expense |  | (129.1) |
Earnings from continuing operations before income taxes |  | $ | 26.7 |
(Millions of Dollars) | Year-to-Date 2025
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 6,742.3 |  |  | $ | 947.5 |  |  | $ | 7,689.8 |
Cost of sales | 4,816.4 |  | 684.0 |  |
Selling, general and administrative | 1,398.6 |  | 189.5 |  |
Segment Profit | $ | 527.3 |  |  | $ | 74.0 |  |  | $ | 601.3 |
Corporate overhead |  | (154.1) |
Other, net |  | (115.2) |
Loss on sale of business |  | (0.3) |
Restructuring charges |  | (20.0) |
Interest income |  | 98.1 |
Interest expense |  | (255.5) |
Earnings from continuing operations before income taxes |  | $ | 154.3 |
(Millions of Dollars) | Second Quarter 2024
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 3,528.7 |  |  | $ | 495.7 |  |  | $ | 4,024.4 |
Cost of sales | 2,531.8 |  | 351.0 |  |
Selling, general and administrative | 680.8 |  | 77.9 |  |
Segment Profit | $ | 316.1 |  |  | $ | 66.8 |  |  | $ | 382.9 |
Corporate overhead |  | (70.3) |
Other, net |  | (226.5) |
Restructuring charges |  | (29.8) |
Interest income |  | 42.9 |
Interest expense |  | (121.3) |
Loss from continuing operations before income taxes |  | $ | (22.1) |
(Millions of Dollars) | Year-to-Date 2024
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 6,813.3 |  |  | $ | 1,080.6 |  |  | $ | 7,893.9 |
Cost of sales | 4,874.7 |  | 769.9 |  |
Selling, general and administrative | 1,366.8 |  | 178.7 |  |
Segment Profit | $ | 571.8 |  |  | $ | 132.0 |  |  | $ | 703.8 |
Corporate overhead |  | (134.5) |
Other, net |  | (306.5) |
Asset impairment charge |  | (25.5) |
Restructuring charges |  | (44.8) |
Interest income |  | 86.5 |
Interest expense |  | (252.8) |
Earnings from continuing operations before income taxes |  | $ | 26.2 |
(Millions of Dollars) | Second Quarter | Year-to-Date
| 2025 |  | 2024 | 2025 |  | 2024
Capital and Software Expenditures |  |  |  |  |  |
Tools & Outdoor | $ | 64.6 |  |  | $ | 76.8 |  | $ | 120.7 |  |  | $ | 132.9 |
Engineered Fastening | 15.0 |  |  | 10.4 |  | 23.9 |  |  | 20.0 |
Consolidated | $ | 79.6 |  |  | $ | 87.2 |  | $ | 144.6 |  |  | $ | 152.9 |
Depreciation and Amortization |  |  |  |  |  |
Tools & Outdoor | $ | 100.2 |  |  | $ | 120.7 |  | $ | 199.0 |  |  | $ | 227.7 |
Engineered Fastening | 29.9 |  |  | 34.3 |  | 59.5 |  |  | 67.5 |
Consolidated | $ | 130.1 |  |  | $ | 155.0 |  | $ | 258.5 |  |  | $ | 295.2 |
(Millions of Dollars) | June 28, 2025 |  | December 28, 2024
Segment Assets |  |  |
Tools & Outdoor | $ | 18,812.6 |  |  | $ | 18,135.8 |
Engineered Fastening | 4,009.7 |  |  | 3,962.9 |
| 22,822.3 |  |  | 22,098.7 |
Corporate assets | (329.7) |  |  | (249.8) |
Consolidated | $ | 22,492.6 |  |  | $ | 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 and six months ended June 28, 2025 and June 29, 2024:
(Millions of Dollars) | Second Quarter |  | Year-to-Date
| 2025 |  | 2024 |  | 2025 |  | 2024
United States | $ | 2,430.4 |  |  | $ | 2,514.1 |  |  | $ | 4,757.7 |  |  | $ | 4,871.4 |
Canada | 172.9 |  |  | 189.7 |  |  | 371.0 |  |  | 405.6 |
Other Americas | 211.9 |  |  | 225.8 |  |  | 391.1 |  |  | 435.3 |
Europe | 829.5 |  |  | 799.9 |  |  | 1,581.5 |  |  | 1,588.6 |
Asia | 300.5 |  |  | 294.9 |  |  | 588.5 |  |  | 593.0 |
Consolidated | $ | 3,945.2 |  |  | $ | 4,024.4 |  |  | $ | 7,689.8 |  |  | $ | 7,893.9 |

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