XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Income Statement [Abstract]    
Net Sales $ 4,448.0 $ 3,720.8
Costs and Expenses    
Cost of sales 3,142.6 2,333.0
Selling, general and administrative 949.2 716.9
Provision for credit losses 11.1 2.2
Other, net 62.0 48.0
Loss on sale of business 0.0 1.0
Restructuring charges 52.7 1.8
Interest income (2.8) (2.9)
Interest expense 54.7 47.5
Costs and Expenses 4,269.5 3,147.5
Earnings from continuing operations before income taxes and equity interest 178.5 573.3
Income taxes on continuing operations 22.9 115.5
Net earnings from continuing operations before equity interest 155.6 457.8
Share of net earnings of equity method investment 0.0 1.8
Net earnings from continuing operations 155.6 459.6
Less: Net earnings (losses) attributable to non-controlling interests 0.1 (0.6)
Net earnings from continuing operations attributable to Stanley Black & Decker, Inc. 155.5 460.2
Less: Preferred stock dividends and beneficial conversion feature 0.0 9.4
Net Earnings from Continuing Operations Attributable to Common Shareowners 155.5 450.8
Add: Contract adjustment payments accretion 0.3 0.2
Net Earnings from Continuing Operations Attributable to Common Shareowners - Diluted 155.8 451.0
Earnings from discontinued operations before income taxes 22.2 31.1
Income taxes on discontinued operations 2.4 3.9
Net earnings from discontinued operations 19.8 27.2
Net Earnings Attributable to Common Shareowners - Diluted 175.6 478.2
Net Earnings Attributable to Stanley Black & Decker, Inc. 175.3 487.4
Total Comprehensive Income Attributable to Common Shareowners $ 147.6 $ 380.3
Basic earnings per share of common stock:    
Continuing operations (in dollars per share) $ 1.00 $ 2.86
Discontinuing operations (in dollars per share) 0.13 0.17
Total basic earnings per share of common share (in dollars per share) 1.13 3.04
Diluted earnings per share of common stock:    
Continuing operations (in dollars per share) 0.94 2.74
Discontinued operations (in dollars per share) 0.12 0.17
Total diluted earnings per share of common stock (in dollars per share) $ 1.06 $ 2.91