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BUSINESS SEGMENTS (Tables)
 3 Months Ended
Apr. 02, 2022
Segment Reporting [Abstract]  
Reconciliation of Revenue from Segments to Consolidated
 Year-to-Date
(Millions of Dollars)20222021
Net Sales
Tools & Outdoor$3,801.2 $3,062.9 
Industrial646.6 657.7 
Other 0.2 0.2 
Consolidated$4,448.0 $3,720.8 
Segment Profit
Tools & Outdoor$378.5 $644.7 
Industrial41.3 99.8 
Segment Profit419.8 744.5 
Corporate Overhead(74.7)(75.8)
Other, net(62.0)(48.0)
Loss on sale of business— (1.0)
Restructuring charges(52.7)(1.8)
Interest income2.8 2.9 
Interest expense(54.7)(47.5)
Earnings from continuing operations before income taxes and equity interest$178.5 $573.3 
Business Segments The percent of total segment revenue recognized over time for the Industrial segment for the three months ended April 2, 2022 and April 3, 2021 was 5.9% and 5.7%, respectively.
The following table is a further disaggregation of the Industrial segment revenue for the three months ended April 2, 2022 and April 3, 2021:
Year-to-Date
(Millions of Dollars)20222021
Engineered Fastening$480.1 $496.8 
Infrastructure166.5 160.9 
Industrial$646.6 $657.7 
Summary of Total Assets by Segment
The following table is a summary of total assets by segment as of April 2, 2022 and January 1, 2022:
(Millions of Dollars)April 2, 2022January 1, 2022
Tools & Outdoor$20,522.5 $19,537.9 
Industrial5,639.0 5,627.8 
26,161.5 25,165.7 
Assets held for sale3,492.5 3,505.4 
Corporate assets(295.3)(491.1)
Consolidated$29,358.7 $28,180.0 
Summary of Net Sales by Geographic Area
The following table is a summary of net sales by geographic area for the three months ended April 2, 2022 and April 3, 2021:
Year-to-Date
(Millions of Dollars)20222021
United States$2,744.5 $2,132.0 
Canada236.6 186.3 
Other Americas198.3 197.1 
France140.0 135.1 
Other Europe773.5 738.1 
Asia355.1 332.2 
Consolidated$4,448.0 $3,720.8