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BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables) | 9 Months Ended
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Sep. 27, 2025
Segment Reporting [Abstract] |
Schedule of Net Sales and Segment Profit |
(Millions of Dollars) | Third Quarter 2025
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 3,255.5 |  |  | $ | 500.5 |  |  | $ | 3,756.0 |
Cost of sales | 2,221.2 |  | 355.7 |  |
Selling, general and administrative | 651.1 |  | 85.0 |  |
Segment Profit | $ | 383.2 |  |  | $ | 59.8 |  |  | $ | 443.0 |
Corporate overhead |  | (54.9) |
Other, net |  | (72.2) |
Asset impairment charges |  | (169.1) |
Restructuring charges |  | (32.1) |
Interest income |  | 50.0 |
Interest expense |  | (129.1) |
Earnings from continuing operations before income taxes |  | $ | 35.6 |
(Millions of Dollars) | Year-to-Date 2025
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 9,997.8 |  |  | $ | 1,448.0 |  |  | $ | 11,445.8 |
Cost of sales | 7,037.6 |  | 1,039.7 |  |
Selling, general and administrative | 2,049.7 |  | 274.5 |  |
Segment Profit | $ | 910.5 |  |  | $ | 133.8 |  |  | $ | 1,044.3 |
Corporate overhead |  | (209.0) |
Other, net |  | (187.4) |
Loss on sale of business |  | (0.3) |
Asset impairment charges |  | (169.1) |
Restructuring charges |  | (52.1) |
Interest income |  | 148.1 |
Interest expense |  | (384.6) |
Earnings from continuing operations before income taxes |  | $ | 189.9 |
(Millions of Dollars) | Third Quarter 2024
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 3,263.3 |  |  | $ | 488.0 |  |  | $ | 3,751.3 |
Cost of sales | 2,298.8 |  | 331.8 |  |
Selling, general and administrative | 637.0 |  | 86.0 |  |
Segment Profit | $ | 327.5 |  |  | $ | 70.2 |  |  | $ | 397.7 |
Corporate overhead |  | (74.2) |
Other, net |  | (86.4) |
Asset impairment charges |  | (46.9) |
Restructuring charges |  | (22.1) |
Interest income |  | 52.8 |
Interest expense |  | (131.4) |
Earnings from continuing operations before income taxes |  | $ | 89.5 |
(Millions of Dollars) | Year-to-Date 2024
| Tools & Outdoor |  | Engineered Fastening |  | Total
Net Sales | $ | 10,076.6 |  |  | $ | 1,568.6 |  |  | $ | 11,645.2 |
Cost of sales | 7,173.5 |  | 1,101.7 |  |
Selling, general and administrative | 2,003.8 |  | 264.7 |  |
Segment Profit | $ | 899.3 |  |  | $ | 202.2 |  |  | $ | 1,101.5 |
Corporate overhead |  | (208.7) |
Other, net |  | (392.9) |
Asset impairment charges |  | (72.4) |
Restructuring charges |  | (66.9) |
Interest income |  | 139.3 |
Interest expense |  | (384.2) |
Earnings from continuing operations before income taxes |  | $ | 115.7 |
(Millions of Dollars) | Third Quarter |  | Year-to-Date
| 2025 |  | 2024 |  | 2025 |  | 2024
Capital and Software Expenditures |  |  |  |  |  |  |
Tools & Outdoor | $ | 54.1 |  |  | $ | 72.3 |  |  | $ | 174.8 |  |  | $ | 205.2 |
Engineered Fastening | 11.8 |  |  | 14.2 |  |  | 35.7 |  |  | 34.2 |
Consolidated | $ | 65.9 |  |  | $ | 86.5 |  |  | $ | 210.5 |  |  | $ | 239.4 |
Depreciation and Amortization |  |  |  |  |  |  |
Tools & Outdoor | $ | 100.1 |  |  | $ | 121.9 |  |  | $ | 299.1 |  |  | $ | 349.6 |
Engineered Fastening | 30.1 |  |  | 32.8 |  |  | 89.6 |  |  | 100.3 |
Consolidated | $ | 130.2 |  |  | $ | 154.7 |  |  | $ | 388.7 |  |  | $ | 449.9 |
(Millions of Dollars) | September 27, 2025 |  | December 28, 2024
Segment Assets |  |  |
Tools & Outdoor | $ | 18,279.8 |  |  | $ | 18,135.8 |
Engineered Fastening | 3,997.4 |  |  | 3,962.9 |
| 22,277.2 |  |  | 22,098.7 |
Corporate assets | (523.3) |  |  | (249.8) |
Consolidated | $ | 21,753.9 |  |  | $ | 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 nine months ended September 27, 2025 and September 28, 2024:
(Millions of Dollars) | Third Quarter |  | Year-to-Date
| 2025 |  | 2024 |  | 2025 |  | 2024
United States | $ | 2,323.0 |  |  | $ | 2,337.7 |  |  | $ | 7,080.7 |  |  | $ | 7,209.1 |
Canada | 159.3 |  |  | 177.2 |  |  | 530.3 |  |  | 582.8 |
Other Americas | 227.8 |  |  | 229.2 |  |  | 618.9 |  |  | 664.5 |
Europe | 742.6 |  |  | 703.2 |  |  | 2,324.1 |  |  | 2,291.8 |
Asia | 303.3 |  |  | 304.0 |  |  | 891.8 |  |  | 897.0 |
Consolidated | $ | 3,756.0 |  |  | $ | 3,751.3 |  |  | $ | 11,445.8 |  |  | $ | 11,645.2 |

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