BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated

	Third Quarter				Year-to-Date
(Millions of Dollars)	2023		2022		2023		2022
Net Sales
Tools & Outdoor	$	3,355.3	$	3,494.7	$	10,212.9	$	11,040.8
Industrial	598.6		624.8		1,831.7		1,919.5
Corporate Overhead	—		0.1		—		0.3
Consolidated	$	3,953.9	$	4,119.6	$	12,044.6	$	12,960.6
Segment Profit
Tools & Outdoor	$	273.4	$	228.4	$	394.1	$	968.5
Industrial	62.5		68.4		201.5		168.0
Segment Profit	335.9		296.8		595.6		1,136.5
Corporate Overhead	(69.6)		(78.5)		(224.1)		(218.7)
Other, net	(94.0)		(69.1)		(224.3)		(210.2)
Loss on sales of businesses	—		(8.6)		(7.6)		(8.4)
Asset impairment charges	(124.0)		—		(124.0)		(168.4)
Restructuring charges	(10.9)		(68.6)		(27.6)		(140.8)
Interest income	50.2		15.4		135.2		24.7
Interest expense	(144.6)		(91.7)		(420.1)		(224.6)
(Loss) earnings from continuing operations before income taxes	$	(57.0)	$	(4.3)	$	(296.9)	$	190.1

Business Segments

The following table is a further disaggregation of the Industrial segment revenue for the three and nine months ended September 30, 2023 and October 1, 2022:

	Third Quarter				Year-to-Date
(Millions of Dollars)	2023		2022		2023		2022
Engineered Fastening	$	496.3	$	468.1	$	1,470.0	$	1,414.3
Infrastructure	102.3		156.7		361.7		505.2
Industrial	$	598.6	$	624.8	$	1,831.7	$	1,919.5

Summary of Total Assets by Segment

The following table is a summary of total assets by segment as of September 30, 2023 and December 31, 2022:

(Millions of Dollars)	September 30, 2023		December 31, 2022
Tools & Outdoor	$	19,528.7	$	20,202.0
Industrial	5,176.3		5,284.8
	24,705.0		25,486.8
Corporate assets	(607.9)		(523.5)
Consolidated	$	24,097.1	$	24,963.3

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 September 30, 2023 and October 1, 2022:

	Third Quarter				Year-to-Date
(Millions of Dollars)	2023		2022		2023		2022
United States	$	2,522.5	$	2,664.3	$	7,545.5	$	8,140.3
Canada	185.2		189.5		598.2		669.5
Other Americas	231.8		218.2		646.3		632.6
France	94.8		102.4		376.4		370.4
Other Europe	604.2		587.9		1,940.0		2,091.3
Asia	315.4		357.3		938.2		1,056.5
Consolidated	$	3,953.9	$	4,119.6	$	12,044.6	$	12,960.6