BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)

9 Months Ended

Sep. 28, 2024

Segment Reporting [Abstract]

Schedule of Net Sales and Segment Profit

	Third Quarter				Year-to-Date
(Millions of Dollars)	2024		2023		2024		2023
Net Sales
Tools & Outdoor	$	3,263.3	$	3,355.3	$	10,076.6	$	10,212.9
Industrial	488.0		598.6		1,568.6		1,831.7
Consolidated	$	3,751.3	$	3,953.9	$	11,645.2	$	12,044.6
Segment Profit
Tools & Outdoor	$	327.5	$	273.4	$	899.3	$	394.1
Industrial	70.2		62.5		202.2		201.5
Segment Profit	397.7		335.9		1,101.5		595.6
Corporate Overhead	(74.2)		(69.6)		(208.7)		(224.1)
Other, net	(86.4)		(94.0)		(392.9)		(224.3)
Loss on sales of businesses	—		—		—		(7.6)
Asset impairment charges	(46.9)		(124.0)		(72.4)		(124.0)
Restructuring charges	(22.1)		(10.9)		(66.9)		(27.6)
Interest income	52.8		50.2		139.3		135.2
Interest expense	(131.4)		(144.6)		(384.2)		(420.1)
Earnings (Loss) from continuing operations before income taxes	$	89.5	$	(57.0)	$	115.7	$	(296.9)

Schedule of Disaggregation of Industrial Segment Revenue

The following table is a further disaggregation of the Industrial segment revenue for the three and nine months ended September 28, 2024 and September 30, 2023:

	Third Quarter				Year-to-Date
(Millions of Dollars)	2024		2023		2024		2023
Engineered Fastening	$	488.0	$	496.3	$	1,476.0	$	1,470.0
Infrastructure	—		102.3		92.6		361.7
Industrial	$	488.0	$	598.6	$	1,568.6	$	1,831.7

Schedule of Total Assets by Segment

The following table is a summary of total assets by segment as of September 28, 2024 and December 30, 2023:

(Millions of Dollars)	September 28, 2024		December 30, 2023
Tools & Outdoor	$	18,787.2	$	18,960.8
Industrial	4,090.9		4,081.7
	22,878.1		23,042.5
Assets held for sale	—		857.6
Corporate assets	(396.3)		(236.3)
Consolidated	$	22,481.8	$	23,663.8

Schedule of Net Sales by Geographic Area

The following table is a summary of net sales by geographic area for the three and nine months ended September 28, 2024 and September 30, 2023:

	Third Quarter				Year-to-Date
(Millions of Dollars)	2024		2023		2024		2023
United States	$	2,337.7	$	2,522.5	$	7,209.1	$	7,545.5
Canada	177.2		185.2		582.8		598.2
Other Americas	229.2		231.8		664.5		646.3
Europe	703.2		699.0		2,291.8		2,316.4
Asia	304.0		315.4		897.0		938.2
Consolidated	$	3,751.3	$	3,953.9	$	11,645.2	$	12,044.6