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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill by Segment The changes in the carrying amount of goodwill by segment are as follows:
 
(Millions of Dollars)Tools & OutdoorIndustrialTotal
Balance January 1, 2022$5,973.7 $2,617.0 $8,590.7 
Acquisitions90.5 — 90.5 
Foreign currency translation and other(124.5)(54.0)(178.5)
Balance December 31, 2022$5,939.7 $2,563.0 $8,502.7 
Reclassification to assets held for sale— (540.5)(540.5)
Foreign currency translation and other36.6 (2.9)33.7 
Balance December 30, 2023$5,976.3 $2,019.6 $7,995.9 
Intangible Assets Definite-lived intangible assets at December 30, 2023 and December 31, 2022 were as follows:
 
 20232022
(Millions of Dollars)Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Amortized Intangible Assets — Definite-lived
Patents and copyrights$26.2 $(26.1)$25.8 $(25.6)
Trade names223.6 (120.7)247.7 (118.0)
Customer relationships2,578.4 (1,132.7)2,881.2 (1,059.9)
Other intangible assets130.2 (125.7)129.6 (122.0)
Total$2,958.4 $(1,405.2)$3,284.3 $(1,325.5)
Intangible Assets Amortization Expense by Segment
Intangible assets amortization expense by segment was as follows:
(Millions of Dollars)202320222021
Tools & Outdoor$103.1 $108.1 $64.1 
Industrial89.6 94.4 99.9 
Discontinued Operations — 39.1 
Consolidated$192.7 $202.5 $203.1