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BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)

12 Months Ended

Jan. 02, 2021


(Millions of Dollars)	2020		2019		2018
Net Sales
Tools & Storage	$	10,329.7	$	10,062.1	$	9,814.0
Industrial	2,352.7		2,434.7		2,187.8
Security	1,852.2		1,945.4		1,980.6
Consolidated	$	14,534.6	$	14,442.2	$	13,982.4
Segment Profit
Tools & Storage	$	1,841.7	$	1,533.3	$	1,393.1
Industrial	225.6		334.1		319.8
Security	108.7		126.6		169.3
Segment Profit	2,176.0		1,994.0		1,882.2
Corporate overhead	(297.7)		(229.5)		(202.8)
Other, net	(262.8)		(249.1)		(287.0)
(Loss) gain on sales of businesses	(13.5)		17.0		(0.8)
Restructuring charges	(83.0)		(154.1)		(160.3)
Loss on debt extinguishments	(46.9)		(17.9)		—
Interest income	18.0		53.9		68.7
Interest expense	(223.1)		(284.3)		(277.9)
Earnings before income taxes and equity interest	$	1,267.0	$	1,130.0	$	1,022.1
Capital and Software Expenditures
Tools & Storage	$	225.6	$	297.2	$	353.7
Industrial	101.6		89.6		95.8
Security	20.9		37.9		42.6
Consolidated	$	348.1	$	424.7	$	492.1
Depreciation and Amortization
Tools & Storage	$	308.5	$	327.8	$	300.1
Industrial	199.4		159.3		125.9
Security	70.2		73.1		80.5
Consolidated	$	578.1	$	560.2	$	506.5
Segment Assets
Tools & Storage	$	14,294.9	$	13,642.4	$	13,122.6
Industrial	5,621.4		4,207.0		3,620.5
Security	3,493.5		3,448.6		3,413.6
	23,409.8		21,298.0		20,156.7
Corporate assets	156.5		(701.4)		(748.7)
Consolidated	$	23,566.3	$	20,596.6	$	19,408.0

DISAGGREGATION OF REVENUE

The following table provides the percent of total segment revenue recognized over time for the Industrial and Security segments for

the years ended January 2, 2021, December 28, 2019 and December 29, 2018:


	2020		2019		2018
Industrial	9.2	%	10.9	%	11.9	%
Security	44.4	%	45.8	%	44.9	%

The following table is a further disaggregation of the Industrial segment revenue for the years ended January 2, 2021, December 28, 2019 and December 29, 2018:


(Millions of Dollars)	2020		2019		2018
Engineered Fastening	$	1,717.8	$	1,738.5	$	1,766.6
Infrastructure	634.9		696.2		421.2
Industrial	$	2,352.7	$	2,434.7	$	2,187.8

GEOGRAPHIC AREAS


(Millions of Dollars)	2020		2019		2018
Net Sales
United States	$	8,800.5	$	8,472.1	$	7,700.3
Canada	687.0		609.9		628.3
Other Americas	595.5		717.9		801.5
France	581.3		610.2		627.8
Other Europe	2,791.0		2,870.8		2,989.9
Asia	1,079.3		1,161.3		1,234.6
Consolidated	$	14,534.6	$	14,442.2	$	13,982.4
Property, Plant & Equipment, net
United States	$	1,156.7	$	1,046.8	$	1,018.3
Canada	25.5		27.4		25.5
Other Americas	121.0		117.9		112.7
France	54.9		57.3		63.9
Other Europe	349.2		352.3		356.9
Asia	346.5		357.8		337.9
Consolidated	$	2,053.8	$	1,959.5	$	1,915.2