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Business Segments (Tables)
 9 Months Ended
Sep. 28, 2019
Notes To Financial Statements [Abstract]  
Business Segments
 
Third Quarter
 
Year-to-Date
(Millions of Dollars)
2019
 
2018
 
2019
 
2018
NET SALES

 

 
 
 
 
Tools & Storage
$
2,534.0

 
$
2,448.0

 
$
7,452.3

 
$
7,231.6

Industrial
632.7

 
562.0

 
1,837.6

 
1,639.3

Security
466.4

 
484.8

 
1,438.1

 
1,476.8

Total
$
3,633.1

 
$
3,494.8

 
$
10,728.0

 
$
10,347.7

SEGMENT PROFIT

 

 
 
 
 
Tools & Storage
$
410.1

 
$
356.2

 
$
1,115.9

 
$
1,056.2

Industrial
90.3

 
88.4

 
256.4

 
254.4

Security
33.1

 
47.4

 
110.6

 
141.0

Segment profit
533.5

 
492.0

 
1,482.9

 
1,451.6

Corporate overhead
(50.1
)
 
(52.5
)
 
(155.3
)
 
(150.7
)
Other, net
(55.0
)
 
(59.4
)
 
(182.6
)
 
(236.7
)
Gain (loss) on sales of businesses
—

 
—

 
17.2

 
(0.8
)
Restructuring charges
(74.0
)
 
(21.8
)
 
(91.2
)
 
(58.1
)
Interest expense
(72.4
)
 
(72.1
)
 
(219.2
)
 
(204.3
)
Interest income
12.7

 
18.7

 
41.4

 
50.1

Earnings before income taxes and equity interest
$
294.7

 
$
304.9

 
$
893.2

 
$
851.1
Summary of Total Assets by Segment
The following table is a summary of total assets by segment as of September 28, 2019 and December 29, 2018:
(Millions of Dollars)
September 28, 2019
 
December 29, 2018
Tools & Storage
$
14,072.8

 
$
13,122.6

Industrial
4,505.1

 
3,620.5

Security
3,401.2

 
3,413.6

 
21,979.1

 
20,156.7

Corporate assets
(656.6
)
 
(748.7
)
Consolidated
$
21,322.5

 
$
19,408.0