BUSINESS SEGMENTS (Tables)

9 Months Ended

Oct. 01, 2022

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

	Third Quarter				Year-to-Date
(Millions of Dollars)	2022		2021		2022		2021
Net Sales
Tools & Outdoor	$	3,494.7	$	3,185.9	$	11,040.8	$	9,445.3
Industrial	624.8		593.5		1,919.5		1,853.4
Other	0.1		0.3		0.3		0.7
Consolidated	$	4,119.6	$	3,779.7	$	12,960.6	$	11,299.4
Segment Profit
Tools & Outdoor	$	228.4	$	478.5	$	968.5	$	1,750.2
Industrial	68.4		42.6		168.0		202.9
Segment Profit	296.8		521.1		1,136.5		1,953.1
Corporate Overhead	(78.5)		(79.0)		(218.7)		(247.6)
Other, net	(69.1)		(28.9)		(210.2)		(119.4)
Loss on sales of businesses	(8.6)		—		(8.4)		(3.6)
Asset impairment charge	—		—		(168.4)		—
Restructuring charges	(68.6)		(0.6)		(140.8)		(12.8)
Interest income	15.4		2.2		24.7		7.8
Interest expense	(91.7)		(45.6)		(224.6)		(139.6)
(Loss) earnings from continuing operations before income taxes and equity interest	$	(4.3)	$	369.2	$	190.1	$	1,437.9

Business Segments

The following table is a further disaggregation of the Industrial segment revenue for the three and nine months ended October 1, 2022 and October 2, 2021:

	Third Quarter				Year-to-Date
(Millions of Dollars)	2022		2021		2022		2021
Engineered Fastening	$	468.1	$	435.7	$	1,414.3	$	1,389.0
Infrastructure	156.7		157.8		505.2		464.4
Industrial	$	624.8	$	593.5	$	1,919.5	$	1,853.4

Summary of Total Assets by Segment

The following table is a summary of total assets by segment as of October 1, 2022 and January 1, 2022:

(Millions of Dollars)	October 1, 2022		January 1, 2022
Tools & Outdoor	$	20,382.9	$	19,537.9
Industrial	5,245.9		5,627.8
	25,628.8		25,165.7
Assets held for sale	—		3,505.4
Corporate assets	(104.9)		(491.1)
Consolidated	$	25,523.9	$	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 and nine months ended October 1, 2022 and October 2, 2021:

	Third Quarter				Year-to-Date
(Millions of Dollars)	2022		2021		2022		2021
United States	$	2,664.3	$	2,253.3	$	8,140.3	$	6,587.0
Canada	189.5		175.9		669.5		530.5
Other Americas	218.2		224.6		632.6		631.4
France	102.4		108.8		370.4		371.0
Other Europe	587.9		695.3		2,091.3		2,196.7
Asia	357.3		321.8		1,056.5		982.8
Consolidated	$	4,119.6	$	3,779.7	$	12,960.6	$	11,299.4