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Goodwill
 3 Months Ended
Apr. 04, 2015
Goodwill
Goodwill
Changes in the carrying amount of goodwill by segment are as follows:
(Millions of Dollars)
Tools & Storage
 
Security
 
Industrial
 
Total
Balance January 3, 2015
$
3,445.7

 
$
2,398.0

 
$
1,431.8

 
$
7,275.5

Foreign currency translation and other
(61.2
)
 
(70.7
)
 
(17.1
)
 
(149.0
)
Balance April 4, 2015
$
3,384.5

 
$
2,327.3

 
$
1,414.7

 
$
7,126.5



As discussed previously, in the first quarter of 2015 the Company combined the CDIY business with certain complementary elements of the IAR and Healthcare businesses (formerly part of the Industrial and Security segments, respectively) to form one Tools & Storage business. As a result, the Company reclassed $569 million of goodwill to the Tools & Storage segment as of January 3, 2015 to reflect the change in organizational structure. There is no impact to the consolidated financial statements of the Company as a result of this change.