v3.26.1
GOODWILL
6 Months Ended
Jul. 04, 2026
Intangible Asset, Goodwill and Other [Abstract]  
GOODWILL GOODWILL
Changes in the carrying amount of goodwill by segment are as follows:
(Millions of Dollars)Tools & Outdoor
Engineered Fastening
Total
Balance January 3, 2026$6,025.3 $1,262.6 $7,287.9 
Foreign currency translation & other(16.2)(6.1)(22.3)
Balance July 4, 2026$6,009.1 $1,256.5 $7,265.6 
Goodwill allocated to the CAM business totaling $739.4 million was reclassified to assets held for sale as of January 3, 2026. Upon closing of the CAM sale in the second quarter of 2026, $737.1 million of goodwill was derecognized and included in the carrying amount of the disposed business in determining the gain on sale. Refer to Note Q, Divestitures, for further discussion of the CAM divestiture.