PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jan. 02, 2021

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

D. PROPERTY, PLANT AND EQUIPMENT

(Millions of Dollars)	2020		2019
Land	$	140.5	$	112.2
Land improvements	56.4		52.6
Buildings	655.2		630.3
Leasehold improvements	192.6		172.1
Machinery and equipment	3,077.5		2,812.8
Computer software	557.7		510.8
Property, plant & equipment, gross	$	4,679.9	$	4,290.8
Less: accumulated depreciation and amortization	(2,626.1)		(2,331.3)
Property, plant & equipment, net	$	2,053.8	$	1,959.5

Depreciation and amortization expense associated with property, plant and equipment was as follows:

(Millions of Dollars)	2020		2019		2018
Depreciation	$	332.6	$	325.2	$	288.4
Amortization	43.9		47.6		42.8
Depreciation and amortization expense	$	376.5	$	372.8	$	331.2