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INVENTORIES, NET
12 Months Ended
Dec. 30, 2023
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
(Millions of Dollars)December 30, 2023December 31, 2022
Finished products$2,912.5 $3,460.8 
Work in process263.4 338.7 
Raw materials1,562.7 2,061.6 
Total$4,738.6 $5,861.1 
Net inventories in the amount of $2.8 billion at December 30, 2023 and $3.4 billion at December 31, 2022 were valued at the lower of LIFO cost or market. If the LIFO method had not been used, inventories would have been higher than reported by $256.1 million at December 30, 2023 and $486.9 million at December 31, 2022.