BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Schedule of Reconciliation of Revenue from Segments to Consolidated

	Second Quarter				Year-to-Date
(Millions of Dollars)	2024		2023		2024		2023
Net Sales
Tools & Outdoor	$	3,528.7	$	3,542.2	$	6,813.3	$	6,857.6
Industrial	495.7		616.7		1,080.6		1,233.1
Consolidated	$	4,024.4	$	4,158.9	$	7,893.9	$	8,090.7
Segment Profit
Tools & Outdoor	$	316.1	$	102.0	$	571.8	$	120.7
Industrial	66.8		71.6		132.0		139.0
Segment Profit	382.9		173.6		703.8		259.7
Corporate Overhead	(70.3)		(78.8)		(134.5)		(154.5)
Other, net	(226.5)		(66.6)		(306.5)		(130.3)
Loss on sales of businesses	—		—		—		(7.6)
Asset impairment charge	—		—		(25.5)		—
Restructuring charges	(29.8)		(4.6)		(44.8)		(16.7)
Interest income	42.9		45.2		86.5		85.0
Interest expense	(121.3)		(144.6)		(252.8)		(275.5)
(Loss) earnings from continuing operations before income taxes	$	(22.1)	$	(75.8)	$	26.2	$	(239.9)

Schedule of Business Segments

The following table is a further disaggregation of the Industrial segment revenue for the three and six months ended June 29, 2024 and July 1, 2023:

	Second Quarter				Year-to-Date
(Millions of Dollars)	2024		2023		2024		2023
Engineered Fastening	$	495.7	$	497.4	$	988.0	$	973.7
Infrastructure	—		119.3		92.6		259.4
Industrial	$	495.7	$	616.7	$	1,080.6	$	1,233.1

Schedule of Total Assets by Segment

The following table is a summary of total assets by segment as of June 29, 2024 and December 30, 2023:

(Millions of Dollars)	June 29, 2024		December 30, 2023
Tools & Outdoor	$	18,777.1	$	18,960.8
Industrial	4,023.3		4,081.7
	22,800.4		23,042.5
Assets held for sale	—		857.6
Corporate assets	(346.2)		(236.3)
Consolidated	$	22,454.2	$	23,663.8

Schedule of Net Sales by Geographic Area

The following table is a summary of net sales by geographic area for the three and six months ended June 29, 2024 and July 1, 2023:

	Second Quarter				Year-to-Date
(Millions of Dollars)	2024		2023		2024		2023
United States	$	2,514.1	$	2,600.6	$	4,871.4	$	5,023.0
Canada	189.7		194.7		405.6		413.0
Other Americas	225.8		221.1		435.3		414.5
Europe	799.9		833.7		1,588.6		1,617.4
Asia	294.9		308.8		593.0		622.8
Consolidated	$	4,024.4	$	4,158.9	$	7,893.9	$	8,090.7