ACCRUED EXPENSES (Tables)

12 Months Ended

Jan. 01, 2022

Payables and Accruals [Abstract]

Accrued Expenses

Accrued expenses at January 1, 2022 and January 2, 2021 were as follows:

(Millions of Dollars)	2021		2020
Payroll and related taxes	$	350.6	$	250.0
Income and other taxes	320.4		211.9
Customer rebates and sales returns	408.9		226.4
Insurance and benefits	99.3		69.9
Restructuring costs	31.9		79.8
Derivative financial instruments	8.7		185.3
Warranty costs	104.4		76.5
Deferred revenue	42.2		39.4
Freight costs	228.1		89.4
Environmental costs	46.1		46.7
Current lease liability	118.9		109.6
Forward stock purchase contract	330.4		—
Other	607.9		461.3
Total	$	2,697.8	$	1,846.2