BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)

12 Months Ended

Jan. 01, 2022

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

(Millions of Dollars)	2021		2020		2019
Net Sales
Tools & Storage	$	12,817.4	$	10,329.7	$	10,062.1
Industrial	2,463.1		2,352.7		2,434.7
Corporate Overhead & Other	336.7		375.3		416.1
Consolidated	$	15,617.2	$	13,057.7	$	12,912.9
Segment Profit
Tools & Storage	$	1,985.4	$	1,820.3	$	1,517.0
Industrial	256.6		220.6		330.0
Segment Profit	2,242.0		2,040.9		1,847.0
Corporate Overhead & Other	(288.2)		(264.0)		(181.9)
Other, net	(190.1)		(217.8)		(201.1)
(Loss) gain on sales of businesses	(0.6)		(13.5)		17.0
Restructuring charges	(14.5)		(73.8)		(138.4)
Gain on equity method investment	68.0		—		—
Loss on debt extinguishments	—		(46.9)		(17.9)
Interest income	9.8		17.5		51.9
Interest expense	(185.4)		(222.6)		(282.2)
Earnings from continuing operations before income taxes and equity interest	$	1,641.0	$	1,219.8	$	1,094.4
Capital and Software Expenditures
Tools & Storage	$	374.8	$	228.1	$	300.8
Industrial	123.1		102.1		90.5
Corporate Overhead & Other	3.3		2.3		3.3
Discontinued operations	17.9		15.6		30.1
Consolidated	$	519.1	$	348.1	$	424.7
Depreciation and Amortization
Tools & Storage	$	311.8	$	309.5	$	330.3
Industrial	201.2		199.6		159.9
Corporate Overhead & Other	3.6		5.1		5.9
Discontinued operations	60.5		63.9		64.1
Consolidated	$	577.1	$	578.1	$	560.2

DISAGGREGATION OF REVENUE

The following table provides the percent of total segment revenue recognized over time for the Industrial segment for the years ended January 1, 2022, January 2, 2021 and December 28, 2019:

	2021		2020		2019
Industrial	6.6	%	9.2	%	10.9	%

The following table is a further disaggregation of the Industrial segment revenue for the years ended January 1, 2022, January 2, 2021 and December 28, 2019:

(Millions of Dollars)	2021		2020		2019
Engineered Fastening	$	1,842.1	$	1,717.8	$	1,738.5
Infrastructure	621.0		634.9		696.2
Industrial	$	2,463.1	$	2,352.7	$	2,434.7

GEOGRAPHIC AREAS

GEOGRAPHIC AREAS

 

(Millions of Dollars)	2021		2020		2019
Net Sales
United States	$	9,363.4	$	8,097.1	$	7,740.6
Canada	737.3		610.5		529.0
Other Americas	835.5		589.7		709.7
France	488.8		393.0		422.0
Other Europe	2,848.6		2,289.6		2,358.5
Asia	1,343.6		1,077.8		1,153.1
Consolidated	$	15,617.2	$	13,057.7	$	12,912.9

	2021		2020
Property, Plant & Equipment, net
United States	$	1,443.8	$	1,120.2
Canada	21.7		24.3
Other Americas	178.1		120.9
France	36.6		43.1
Other Europe	318.9		324.2
Asia	348.0		340.4
Consolidated	$	2,347.1	$	1,973.1