PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 30, 2023

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment

Depreciation and amortization are provided using straight-line methods over the estimated useful lives of the assets as follows:

	Useful Life (Years)
Land improvements	10 — 20
Buildings	40
Machinery and equipment	3 — 15
Computer software	3 — 7

(Millions of Dollars)	December 30, 2023		December 31, 2022
Land	$	135.1	$	137.7
Land improvements	55.0		59.7
Buildings	808.6		793.0
Leasehold improvements	180.9		191.7
Machinery and equipment	3,391.2		3,394.4
Computer software	510.4		501.4
Property, plant & equipment, gross	$	5,081.2	$	5,077.9
Less: accumulated depreciation and amortization	(2,911.3)		(2,724.8)
Property, plant & equipment, net	$	2,169.9	$	2,353.1

Depreciation and Amortization Expense, Property, Plant and Equipment

Depreciation and amortization expense associated with property, plant and equipment was as follows:

(Millions of Dollars)	2023		2022		2021
Depreciation	$	383.3	$	330.4	$	326.3
Amortization	49.1		39.3		47.7
Depreciation and amortization expense	$	432.4	$	369.7	$	374.0