v3.25.1
BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)
 3 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Schedule of Net Sales and Segment Profit
(Millions of Dollars)Year-to-Date 2025
Tools & OutdoorEngineered FasteningTotal
Net Sales$3,280.9 $463.7 $3,744.6 
Cost of sales2,290.5333.4
Selling, general and administrative701.291.3
Segment Profit$289.2 $39.0 $328.2 
Corporate overhead(74.4)
Other, net(47.5)
Loss on sale of business(0.3)
Restructuring charges(1.2)
Interest income49.2 
Interest expense(126.4)
Earnings before income taxes$127.6 
(Millions of Dollars)Year-to-Date 2024
Tools & OutdoorEngineered FasteningTotal
Net Sales$3,284.6 $584.9 $3,869.5 
Cost of sales2,342.9418.9
Selling, general and administrative686.0100.8
Segment Profit$255.7 $65.2 $320.9 
Corporate overhead(64.2)
Other, net(80.0)
Asset impairment charge(25.5)
Restructuring charges(15.0)
Interest income43.6 
Interest expense(131.5)
Earnings before income taxes$48.3 
(Millions of Dollars)Year-to-Date
20252024
Capital and Software Expenditures
Tools & Outdoor$56.1 $56.1 
Engineered Fastening8.9 9.6 
Consolidated$65.0 $65.7 
Depreciation and Amortization
Tools & Outdoor$98.8 $107.0 
Engineered Fastening29.6 33.2 
Consolidated$128.4 $140.2 
(Millions of Dollars)March 29, 2025December 28, 2024
Segment Assets
Tools & Outdoor$18,670.5 $18,135.8 
Engineered Fastening3,960.7 3,962.9 
22,631.2 22,098.7 
Corporate assets(135.0)(249.8)
Consolidated$22,496.2 $21,848.9 
Schedule of Net Sales by Geographic Area
The following table is a summary of net sales by geographic area for the three months ended March 29, 2025 and March 30, 2024:
Year-to-Date
(Millions of Dollars)20252024
United States$2,327.3 $2,357.3 
Canada198.1 215.9 
Other Americas179.2 209.5 
Europe752.0 788.7 
Asia288.0 298.1 
Consolidated$3,744.6 $3,869.5