v3.26.1
BUSINESS SEGMENTS AND GEOGRAPHIC AREAS (Tables)
6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Schedule of Net Sales and Segment Profit
(Millions of Dollars)Second Quarter 2026
Tools & OutdoorEngineered FasteningTotal
Net Sales$3,564.3 $396.4 $3,960.7 
Cost of sales2,384.8270.1
Selling, general and administrative790.574.7
Segment Profit$389.0 $51.6 $440.6 
Corporate overhead(82.7)
Other, net(52.9)
Gain on sales of businesses273.7 
Asset impairment charges(5.3)
Restructuring charges(15.1)
Interest income37.1 
Interest expense(96.4)
Earnings before income taxes$499.0 
(Millions of Dollars)Year-to-Date 2026
Tools & OutdoorEngineered FasteningTotal
Net Sales$6,899.9 $907.2 $7,807.1 
Cost of sales4,710.2633.8
Selling, general and administrative1,524.7160.9
Segment Profit$665.0 $112.5 $777.5 
Corporate overhead(146.3)
Other, net(94.8)
Gain on sales of businesses270.6 
Asset impairment charges(28.0)
Restructuring charges(60.0)
Interest income74.3 
Interest expense(209.5)
Earnings before income taxes$583.8 
(Millions of Dollars)Second Quarter 2025
Tools & OutdoorEngineered FasteningTotal
Net Sales$3,461.4 $483.8 $3,945.2 
Cost of sales2,525.9 350.6 
Selling, general and administrative697.4 98.2 
Segment Profit$238.1 $35.0 $273.1 
Corporate overhead(79.7)
Other, net(67.7)
Restructuring charges(18.8)
Interest income48.9 
Interest expense(129.1)
Earnings before income taxes$26.7 
(Millions of Dollars)Year-to-Date 2025
Tools & OutdoorEngineered FasteningTotal
Net Sales$6,742.3 $947.5 $7,689.8 
Cost of sales4,816.4684.0
Selling, general and administrative1,398.6189.5
Segment Profit$527.3 $74.0 $601.3 
Corporate overhead(154.1)
Other, net(115.2)
Loss on sale of business(0.3)
Restructuring charges(20.0)
Interest income98.1 
Interest expense(255.5)
Earnings before income taxes$154.3 
(Millions of Dollars)Second QuarterYear-to-Date
2026202520262025
Capital and Software Expenditures
Tools & Outdoor$57.9 $64.6 $105.3 $120.7 
Engineered Fastening7.0 15.0 18.1 23.9 
Consolidated$64.9 $79.6 $123.4 $144.6 
Depreciation and Amortization
Tools & Outdoor$113.5 $100.2 $209.1 $199.0 
Engineered Fastening15.9 29.9 33.3 59.5 
Consolidated$129.4 $130.1 $242.4 $258.5 

(Millions of Dollars)July 4, 2026January 3, 2026
Segment Assets
Tools & Outdoor$17,839.9 $17,705.5 
Engineered Fastening2,386.4 2,402.0 
20,226.3 20,107.5 
Assets held for sale 1,536.3 
Corporate assets(132.8)(400.1)
Consolidated$20,093.5 $21,243.7 
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 July 4, 2026 and June 28, 2025:

(Millions of Dollars)Second QuarterYear-to-Date
2026202520262025
United States$2,412.2 $2,430.4 $4,747.0 $4,757.7 
Canada174.1 172.9 368.4 371.0 
Other Americas241.8 211.9 452.8 391.1 
Europe815.7 829.5 1,636.6 1,581.5 
Asia316.9 300.5 602.3 588.5 
Consolidated$3,960.7 $3,945.2 $7,807.1 $7,689.8