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GOODWILL

6 Months Ended

Jul. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill by segment are as follows:


(Millions of Dollars)	Tools & Outdoor		Industrial		Total
Balance January 1, 2022	$	5,973.7	$	2,617.0	$	8,590.7
Reclassification to assets held for sale	—		(39.5)		(39.5)
Acquisitions	46.5		—		46.5
Foreign currency translation	(115.8)		(22.8)		(138.6)
Balance July 2, 2022	$	5,904.4	$	2,554.7	$	8,459.1

Goodwill totaling $2,010.7 million and $2,088.0 million from the previously reported Security segment was reclassified to assets held for sale as of July 2, 2022 and January 1, 2022, respectively. In addition, $39.5 million of goodwill was reclassified to assets held for sale as of July 2, 2022 relating to the Oil & Gas business. Refer to Footnote T, Divestitures, for additional information.