XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.25.3

RESTRUCTURING CHARGES AND OTHER, NET | 9 Months Ended
--- | ---
Sep. 27, 2025
Restructuring and Related Activities [Abstract] |
RESTRUCTURING CHARGES AND OTHER, NET | RESTRUCTURING CHARGES AND OTHER, NET A summary of the restructuring reserve activity from December 28, 2024 to September 27, 2025 is as follows:
(Millions of Dollars) | December 28, 2024 |  | Net Additions |  | Usage |  | Currency |  | September 27, 2025
Severance and related costs | $ | 25.3 |  |  | $ | 50.9 |  |  | $ | (44.2) |  |  | $ | (1.1) |  |  | $ | 30.9 |
Facility closures and other | 20.1 |  |  | 1.2 |  |  | (16.2) |  |  | — |  |  | 5.1 |
Total | $ | 45.4 |  |  | $ | 52.1 |  |  | $ | (60.4) |  |  | $ | (1.1) |  |  | $ | 36.0 |
For the three and nine months ended September 27, 2025, the Company recognized net restructuring charges of $32.1 million and $52.1 million, respectively, primarily driven by severance costs and related pension charges associated with reorganizations of the Company’s corporate and support functions and supply chain resources, as well as facility exit costs related to footprint actions associated with the supply chain transformation. The majority of the $36.0 million of reserves remaining as of September 27, 2025 is expected to be utilized within the next 12 months. Segments: The $52.1 million of net restructuring charges for the nine months ended September 27, 2025 includes: $38.8 million in the Tools & Outdoor segment; $1.9 million in the Engineered Fastening segment; and $11.4 million in Corporate. The $32.1 million of net restructuring charges for the three months ended September 27, 2025 includes: $29.5 million in the Tools & Outdoor segment; $0.3 million in the Engineered Fastening segment; and $2.3 million in Corporate. Other, net amounted to $72.2 million and $86.4 million for the three months ended September 27, 2025 and September 28, 2024, respectively, which included intangible asset amortization expense of $37.3 million and $40.8 million, respectively. Other, net amounted to $187.4 million and $392.9 million for the nine months ended September 27, 2025 and September 28, 2024, respectively, which included intangible asset amortization expense of $112.0 million and $122.6 million, respectively. In addition, for the nine months ended September 28, 2024, Other, net included the Centredale environmental reserve adjustment of $142.3 million. Refer to Note O, Contingencies, for further discussion of the Centredale site. Other, net is also comprised of several other items, none of which were individually significant during the three and nine months ended September 27, 2025 and September 28, 2024, primarily related to currency-related gains or losses, other environmental remediation expenses, deal costs and related consulting costs, certain pension gains or losses, and income related to providing transition services to previously divested businesses.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/420/tableOfContent Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration