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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2017
Notes To Financial Statements [Abstract]  
Business Segments
 
Third Quarter
 
Year-to-Date
(Millions of Dollars)
2017
 
2016
 
2017
 
2016
NET SALES
 
 
 
 
 
 
 
Tools & Storage
$
2,318.2

 
$
1,896.9

 
$
6,432.2

 
$
5,535.4

Security
476.8

 
522.7

 
1,429.0

 
1,564.6

Industrial
503.6

 
462.4

 
1,472.5

 
1,386.5

Total
$
3,298.6

 
$
2,882.0

 
$
9,333.7

 
$
8,486.5

SEGMENT PROFIT
 
 
 
 
 
 
 
Tools & Storage
$
396.6

 
$
330.0

 
$
1,058.2

 
$
954.5

Security
54.0

 
71.4

 
156.8

 
199.3

Industrial
93.8

 
80.4

 
276.5

 
235.2

Segment profit
544.4

 
481.8

 
1,491.5

 
1,389.0

Corporate overhead
(55.7
)
 
(43.1
)
 
(148.7
)
 
(138.5
)
Other, net
(65.5
)
 
(56.8
)
 
(232.0
)
 
(150.6
)
(Loss) gain on sales of businesses
(3.2
)
 
—

 
265.1

 
—

Pension settlement
—

 
—

 
(12.8
)
 
—

Restructuring charges
(19.1
)
 
(9.1
)
 
(42.9
)
 
(27.3
)
Interest expense
(57.2
)
 
(50.2
)
 
(164.5
)
 
(145.2
)
Interest income
10.3

 
5.1

 
28.6

 
16.4

Earnings before income taxes
$
354.0

 
$
327.7

 
$
1,184.3

 
$
943.8
Summary of Total Assets by Segment
he following table is a summary of total assets by segment as of September 30, 2017 and December 31, 2016:
(Millions of Dollars)
September 30,
2017
 
December 31,
2016
Tools & Storage
$
13,095.4

 
$
8,512.4

Security
3,429.0

 
3,139.0

Industrial
3,532.6

 
3,359.0

 
20,057.0

 
15,010.4

Assets held for sale
—

 
523.4

Corporate assets
(283.8
)
 
101.1

Consolidated
$
19,773.2

 
$
15,634.9