GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Jan. 01, 2022

GOODWILL — The changes in the carrying amount of goodwill by segment are as follows:


(Millions of Dollars)	Tools & Storage		Industrial		Other		Total
Balance December 28, 2019	$	5,161.8	$	1,995.5	$	223.3	$	7,380.6
Acquisitions	0.1		635.7		—		635.8
Foreign currency translation and other	85.8		15.3		(31.0)		70.1
Balance January 2, 2021	$	5,247.7	$	2,646.5	$	192.3	$	8,086.5
Acquisitions	777.3		(0.5)		—		776.8
Foreign currency translation and other	(50.2)		(29.0)		0.1		(79.1)
Balance January 1, 2022	$	5,974.8	$	2,617.0	$	192.4	$	8,784.2

INTANGIBLE ASSETS — Intangible assets at January 1, 2022 and January 2, 2021 were as follows:


	2021				2020
(Millions of Dollars)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized Intangible Assets — Definite lived
Patents and copyrights	$	27.0	$	(26.6)	$	28.1	$	(27.6)
Trade names	276.3		(119.2)		180.8		(105.6)
Customer relationships	3,042.8		(1,038.4)		2,452.3		(904.1)
Other intangible assets	150.1		(137.2)		150.5		(132.0)
Total	$	3,496.2	$	(1,321.4)	$	2,811.7	$	(1,169.3)

Intangible assets amortization expense by segment was as follows: