DIVESTITURES (Tables)

12 Months Ended

Jan. 01, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

Summarized operating results of discontinued operations are presented in the following table for each fiscal year ended:

(Millions of Dollars)	2021		2020		2019
Net Sales	$	1,635.5	$	1,476.9	$	1,529.3
Cost of sales	1,024.8		914.3		957.2
Selling, general, and administrative(1)	481.8		461.1		472.7
Other, net and restructuring charges	58.7		54.3		63.8
Earnings from discontinued operations before income taxes	$	70.2	$	47.2	$	35.6
Income taxes on discontinued operations	(18.7)		(1.6)		34.0
Net earnings from discontinued operations	$	88.9	$	48.8	$	1.6

(1) Includes provision for credit losses.

The following table presents the significant non-cash items and capital expenditures for the discontinued operations with respect to CSS that are included in the Consolidated Statements of Cash Flows (in millions) for each fiscal year ended:

(Millions of Dollars)	2021		2020		2019
Depreciation and amortization	$	60.5	$	63.9	$	64.1
Capital expenditures	$	17.9	$	15.6	$	30.1
Stock-based compensation	$	6.0	$	5.3	$	3.2

The carrying amounts of the assets and liabilities that were aggregated in assets held for sale and liabilities held for sale as of January 1, 2022 and January 2, 2021 are presented in the following table:

(Millions of Dollars)	2021		2020
Cash and cash equivalents	$	144.9	$	139.1
Accounts and notes receivable, net	434.8		347.7
Inventories, net	142.5		98.5
Other current assets	41.0		44.0
Property, plant and equipment, net	74.0		80.7
Goodwill and other intangibles, net	2,072.3		2,169.3
Other assets	273.9		268.8
Total assets	$	3,183.4	$	3,148.1
Accounts payable and accrued expenses	$	388.3	$	390.6
Other long-term liabilities	130.4		162.9
Total liabilities	$	518.7	$	553.5