ACQUISITIONS (Tables)

12 Months Ended

Dec. 30, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the acquisition date value of identifiable net assets acquired and liabilities assumed adjusted for measurement period adjustments:

(Millions of Dollars)
Cash and cash equivalents	$	111.5
Accounts receivable, net	270.5
Inventories, net	855.7
Prepaid expenses and other assets	56.9
Property, plant and equipment	256.9
Trade names	390.0
Customer relationships	460.0
Other assets	38.5
Accounts payable	(394.6)
Accrued expenses	(201.1)
Deferred revenue	(0.9)
Long-term debt	(110.9)
Deferred taxes	(214.3)
Other liabilities	(68.4)
Total identifiable net assets	$	1,449.8
Goodwill	486.9
Total consideration	$	1,936.7

Business Acquisition, Pro Forma Information

The following table presents supplemental pro-forma information as if the 2021 acquisitions had occurred on December 29, 2019. The pro-forma consolidated results are not necessarily indicative of what the Company’s consolidated net sales and net earnings would have been had the Company completed the acquisitions on the aforementioned date. In addition, the pro-forma consolidated results do not purport to project the future results of the Company.

(Millions of Dollars, except per share amounts)	2022		2021
Net sales	$	16,947.4	$	17,890.8
Net earnings from continuing operations attributable to common shareowners - Diluted	318.3		1,666.0
Diluted earnings per share of common stock - Continuing operations	$	2.03	$	10.10