Financial Analysis

"CONTINGENCIES The Company is involved in various legal proceedings relating to environmental issues, employment, product liability, workers compensation claims and other matters. The Company periodically reviews the status of these proceedings with both inside and outside counsel, as well as an actuary for risk insurance. Management believes that the ultimate disposition of these matters will not have a material adverse effect on operations or financial condition taken as a whole. Government Litigation As previously disclosed, on January 19, 2024, the Company was notified by the Compliance and Field Operations Division (the Division) of the Consumer Product Safety Commission (CPSC) that the Division intended to recommend the imposition of a civil penalty of approximately $32 million for alleged untimely reporting in relation to certain utility bars and miter saws that were subject to voluntary recalls in September 2019 and March 2022, respectively. The Company believes there are defenses to the Divisions claims, and has presented its defenses in a meeting with the Division on February 29, 2024 and in a written submission dated March 29, 2024. On April 1, 2024, the Division informed the Company's counsel that the Division intended to recommend that the CPSC refer the matter to the U.S. Department of Justice (the DOJ). On May 1, 2024, the Company was informed that the CPSC voted to refer the matter to the DOJ. In December 2024, the CPSC requested that the Company reproduce doc …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"LONG-TERM DEBT AND FINANCING ARRANGEMENTS January 3, 2026 December 28, 2024 (Millions of Dollars) Interest Rate Notional Value Carrying Value 1 Carrying Value 1 Notes payable due 2025 2.30% $ $ $ 499.9 Notes payable due 2026 3.40% 500.0 499.9 499.4 Notes payable due 2026 6.27% 349.3 Notes payable due 2026 3.42% 25.0 25.2 25.7 Notes payable due 2026 1.84% 29.3 29.5 26.7 Notes payable due 2028 6.00% 400.0 398.7 398.0 Notes payable due 2028 7.05% 150.0 155.3 157.5 Notes payable due 2028 4.25% 500.0 498.6 498.3 Notes payable due 2028 3.52% 50.0 51.7 52.4 Notes payable due 2030 2.30% 750.0 746.8 746.2 Notes payable due 2032 3.00% 500.0 497.2 496.6 Notes payable due 2040 5.20% 400.0 376.3 374.5 Notes payable due 2048 4.85% 500.0 495.4 495.2 Notes payable due 2050 2.75% 750.0 741.4 741.0 Notes payable due 2060 (junior subordinated) 2 6.71% 750.0 741.9 741.6 Other, payable due 2026 4.31% 0.2 0.2 0.7 Total long-term debt, including current maturities $ 5,304.5 $ 5,258.1 $ 6,103 Less: Current maturities of long-term debt (554.8) (500.4) Long-term debt $ 4,703.3 $ 5,602.6 1 Carrying values are net of unamortized discounts of $(4.1) million, deferred issuance costs of $(28.2) million, unamortized terminated swaps of $(18.9) million, and purchase accounting fair value adjustments of $4.8 million. Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note H, Financial Instruments . 2 In accordance with the terms of Note payable due 2060, the interest rate …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

"FAIR VALUE MEASUREMENTS ASC 820, Fair Value Measurement , defines, establishes a consistent framework for measuring, and expands disclosure requirements about fair value. ASC 820 requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Companys market assumptions. These two types of inputs create the following fair value hierarchy: Level 1 Quoted prices for identical instruments in active markets. Level 2 Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs and significant value drivers are observable. Level 3 Instruments that are valued using unobservable inputs. The Company is exposed to market risk from changes in foreign currency exchange rates, interest rates, stock prices and commodity prices. The Company holds various financial instruments to manage these risks. These financial instruments are carried at fair value and are included within the scope of ASC 820. The Company determines the fair value of these financial instruments through the use of matrix or model pricing, which utilizes observable inputs such as market interest and currency rates. When determining fair value for which Level 1 evidence does not exist, the Company considers various factors incl …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

"GOODWILL AND INTANGIBLE ASSETS GOODWILL The changes in the carrying amount of goodwill by segment are as follows: (Millions of Dollars) Tools & Outdoor Engineered Fastening Total Balance December 30, 2023 $ 5,976.3 $ 2,019.6 $ 7,995.9 Foreign currency translation and other (67.1) (23.3) (90.4) Balance December 28, 2024 $ 5,909.2 $ 1,996.3 $ 7,905.5 Foreign currency translation and other 116.1 5.7 121.8 Reclassification to assets held for sale (739.4) (739.4) Balance January 3, 2026 $ 6,025.3 $ 1,262.6 $ 7,287.9 As required by the Company's policy, the Company performed its annual goodwill impairment testing in the third quarter of 2025. The Company assessed the fair values of its two reporting units utilizing a discounted cash flow valuation model. The key assumptions used were discount rates and perpetual growth rates applied to cash flow projections. Also inherent in the discounted cash flow valuations were near-term revenue growth rates and Earnings Before Interest, Taxes, Depreciation and Amortization (""EBITDA"") margin rates. These assumptions contemplated business, market and overall economic conditions. Based on the results of the annual impairment testing performed in the third quarter of 2025, the Company determined that the fair values of each of its reporting units exceeded their respective carrying amounts. When a portion of a reporting unit is classified as held for sale, the Company allocates goodwill to the disposal group based on the relative fair values …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

INCOME TAXES The components of earnings (loss) from continuing operations before income taxes consisted of the following: (Millions of Dollars) 2025 2024 2023 United States $ (597.2) $ (925.4) $ (1,385.0) Foreign 1,015.1 1,166.5 1,009.3 Earnings (loss) from continuing operations before income taxes $ 417.9 $ 241.1 $ (375.7) Income taxes on continuing operations consisted of the following: (Millions of Dollars) 2025 2024 2023 Current: Federal $ (154.5) $ 4.3 $ 5.8 Foreign 233.4 174.9 307.4 State 1.5 2.8 17.1 Total current $ 80.4 $ 182.0 $ 330.3 Deferred: Federal $ (126.0) $ (181.5) $ (158.2) Foreign 78.6 (17.5) (218.3) State (17.0) (28.2) (47.8) Total deferred $ (64.4) $ (227.2) $ (424.3) Income taxes on continuing operations $ 16.0 $ (45.2) $ (94.0) The amount of income taxes paid (net of refunds) consisted of the following: (Millions of Dollars) 2025 Federal $ 113.3 State 10.4 Foreign 206.4 Total net income taxes paid $ 330.1 Income taxes paid (net of refunds) for the following jurisdictions exceeded five percent of total income taxes paid (net of refunds): (Millions of Dollars) 2025 Foreign: China $ 27.9 Mexico 27.4 Canada 17.3 Net income taxes paid for continuing operations during 2024 and 2023 were $352.3 million and $415.2 million, respectively. The 2024 and 2023 amounts include refunds of $53.1 million and $25.3 million, respectively. The reconciliation of the U.S. federal statutory income tax provision to Income taxes on continuing operations in the Consolidated Statem …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"NEW ACCOUNTING STANDARDS ADOPTED In December 2023, the Financial Accounting Standards Board (""FASB"") issued Accounting Standards Update (""ASU"") 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The new standard was issued to improve transparency and decision usefulness of income tax disclosures by providing information that helps investors better understand how an entitys operations, tax risks, tax planning and operational opportunities affect its tax rate and prospects for future cash flows. The amendments in this update primarily relate to requiring greater disaggregated disclosure of information in the rate reconciliation, income taxes paid, income (loss) before income tax expense (benefit), and income tax expense (benefit). The ASU is effective for fiscal years beginning after December 15, 2024. The standard can be applied prospectively or retrospectively. The Company adopted this standard in fiscal year 2025 on a prospective basis and included the required disclosures in Note P , Income Taxes . RECENTLY ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses . The amendments in this update require disclosure and further disaggregation, in the notes to financial statements, of specified information about certain costs and expenses. The required disclosures inc …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

EMPLOYEE BENEFIT PLANS RETIREMENT ACCOUNT PLAN (RAP ) Most U.S. employees may make contributions that do not exceed 25% of their eligible compensation to a tax-deferred 401(k) savings plan, subject to restrictions under tax laws. Employees generally direct the investment of their own contributions into various investment funds. An employer match benefit is provided under the plan equal to one half of each employees tax-deferred contribution up to the first 7% of their compensation. Participants direct the entire employer match benefit such that no participant is required to hold the Companys common stock in their 401(k) account. The employer match benefit totaled $31.4 million, $31.7 million, and $32.8 million in 2025, 2024, and 2023, respectively. In addition, 10,965 U.S. salaried and non-union hourly employees are eligible to receive a non-contributory benefit under the Core benefit plan. Core benefit allocations range from 2% to 6% of eligible employee compensation based on age. Allocations for benefits earned under the Core plan were $38.6 million, $36.1 million, and $38.8 million in 2025, 2024, and 2023, respectively. Assets held in participant Core accounts are invested in target date retirement funds which have an age-based allocation of investments. The Companys net RAP activity resulted in expense of $70.0 million, $67.8 million, and $71.6 million in 2025, 2024, and 2023, respectively, and is comprised of the aforementioned Core and 401(k) match defined contribution …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

RESTRUCTURING CHARGES A summary of the restructuring reserve activity from December 28, 2024 to January 3, 2026 is as follows: (Millions of Dollars) December 28, 2024 Net Additions Usage Currency January 3, 2026 Severance and related costs $ 25.3 $ 85.7 $ (64.2) $ (1.1) $ 45.7 Facility closures and other 20.1 3.4 (21.4) 2.1 Total $ 45.4 $ 89.1 $ (85.6) $ (1.1) $ 47.8 During 2025, the Company recognized net restructuring charges of $89.1 million, primarily driven by severance costs and certain related pension charges associated with reorganizations of the Companys corporate and support functions and supply chain resources, as well as facility exit costs related to footprint actions associated with the supply chain transformation. The majority of the $47.8 million of reserves remaining as of January 3, 2026 is expected to be utilized within the next 12 months. Segments: The $89.1 million of net restructuring charges for the year ended January 3, 2026 includes: $71.0 million pertaining to the Tools & Outdoor segment; $5.3 million pertaining to the Engineered Fastening segment; and $12.8 million pertaining to Corporate. …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

"BUSINESS SEGMENTS AND GEOGRAPHIC AREAS The Companys operations are classified into two reportable business segments: Tools & Outdoor and Engineered Fastening. In the first quarter of 2025, the Industrial segment was renamed Engineered Fastening as a result of a more focused portfolio following recent divestitures. The Engineered Fastening segment name change is to the name only and had no impact on the Companys consolidated financial statements or segment results. The Tools & Outdoor segment is comprised of the Power Tools Group (""PTG""), Hand Tools, Accessories & Storage (""HTAS"") and Outdoor Power Equipment (""Outdoor"") product lines. The PTG product line includes both professional and consumer products. Professional products, primarily under the DEWALT brand, include professional grade corded and cordless electric power tools and equipment including drills, impact wrenches and drivers, grinders, saws, routers, sanders, and concrete prep and placement tools as well as pneumatic tools and fasteners including nail guns, nails, staplers and staples, and concrete and masonry anchors. DIY and tradesperson focused products include corded and cordless electric power tools sold primarily under the CRAFTSMAN and STANLEY brands, and consumer home products such as household power tools, hand-held vacuums, and small appliances primarily under the BLACK+DECKER brand. The HTAS product line sells hand tools, power tool accessories and storage products primarily under the D …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The Consolidated Financial Statements include the accounts of Stanley Black & Decker, Inc. and its majority-owned subsidiaries (collectively the Company) which require consolidation, after the elimination of intercompany accounts and transactions. The Companys fiscal year ends on the Saturday nearest to December 31. There were 53 weeks in fiscal year 2025 and 52 weeks in fiscal years 2024 and 2023. In the first quarter of 2025, the Industrial segment was renamed Engineered Fastening as a result of a more focused portfolio following recent divestitures. The Engineered Fastening segment name change is to the name only and had no impact on the Companys consolidated financial statements or segment results. On December 22, 2025, the Company announced that it had entered into a definitive agreement for the sale of the Consolidated Aerospace Manufacturing (""CAM"") business. Based on management's commitment to sell this business, the assets and liabilities related to CAM were classified as held for sale on the Company's Consolidated Balance Sheet as of January 3, 2026. There were no assets or liabilities held for sale relating to CAM as of December 28, 2024. This pending divestiture does not qualify for discontinued operations and therefore, its results are included in the Company's continuing operations for all periods presented. On April 1, 2024, the Company completed the sale of its Infrastructure business. This divestitu …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

"CAPITAL STOCK EARNINGS PER SHARE The following table reconciles net earnings (loss) and the weighted-average shares outstanding used to calculate basic and diluted earnings (loss) per share for the fiscal years ended January 3, 2026, December 28, 2024, and December 30, 2023. 2025 2024 2023 Numerator (in millions): Net earnings (loss) from continuing operations $ 401.9 $ 286.3 $ (281.7) Net earnings (loss) from discontinued operations 8.0 (28.8) Net Earnings (Loss) $ 401.9 $ 294.3 $ (310.5) 2025 2024 2023 Denominator (in thousands): Basic weighted-average shares outstanding 151,258 150,485 149,751 Dilutive effect of stock contracts and awards 620 812 Diluted weighted-average shares outstanding 151,878 151,297 149,751 2025 2024 2023 Earnings (loss) per share of common stock: Basic earnings (loss) per share of common stock: Continuing operations $ 2.66 $ 1.90 $ (1.88) Discontinued operations $ $ 0.05 $ (0.19) Total basic earnings (loss) per share of common stock $ 2.66 $ 1.96 $ (2.07) Diluted earnings (loss) per share of common stock: Continuing operations $ 2.65 $ 1.89 $ (1.88) Discontinued operations $ $ 0.05 $ (0.19) Total diluted earnings (loss) per share of common stock $ 2.65 $ 1.95 $ (2.07) The following weighted-average stock options were not included in the computation of weighted-average diluted shares outstanding because the effect would be anti-dilutive (in thousands): 2025 2024 2023 Number of stock options 6,234 5,141 5,406 COMMON STOCK ACTIVITY Common stock activi …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

"CONTINGENCIES The Company is involved in various legal proceedings relating to environmental issues, employment, product liability, workers compensation claims and other matters. The Company periodically reviews the status of these proceedings with both inside and outside counsel, as well as an actuary for risk insurance. Management believes that the ultimate disposition of these matters will not have a material adverse effect on operations or financial condition taken as a whole. Government Litigation As previously disclosed, on January 19, 2024, the Company was notified by the Compliance and Field Operations Division (the Division) of the Consumer Product Safety Commission (CPSC) that the Division intended to recommend the imposition of a civil penalty of approximately $32 million for alleged untimely reporting in relation to certain utility bars and miter saws that were subject to voluntary recalls in September 2019 and March 2022, respectively. The Company believes there are defenses to the Divisions claims, and has presented its defenses in a meeting with the Division on February 29, 2024 and in a written submission dated March 29, 2024. On April 1, 2024, the Division informed the Company's counsel that the Division intended to recommend that the CPSC refer the matter to the U.S. Department of Justice (the DOJ). On May 1, 2024, the Company was informed that the CPSC voted to refer the matter to the DOJ. In December 2024, the CPSC requested that the Company reproduce doc …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"LONG-TERM DEBT AND FINANCING ARRANGEMENTS July 4, 2026 January 3, 2026 (Millions of Dollars) Interest Rate Notional Value Carrying Value 1 Carrying Value Notes payable due 2026 3.40% 499.9 Notes payable due 2026 3.42% 25.0 25.0 25.2 Notes payable due 2026 1.84% 28.6 28.5 29.5 Notes payable due 2028 6.00% 400.0 399.0 398.7 Notes payable due 2028 7.05% 150.0 154.3 155.3 Notes payable due 2028 4.25% 500.0 498.8 498.6 Notes payable due 2028 3.52% 50.0 51.4 51.7 Notes payable due 2030 2.30% 750.0 747.2 746.8 Notes payable due 2032 3.00% 500.0 497.4 497.2 Notes payable due 2040 5.20% 400.0 377.1 376.3 Notes payable due 2048 4.85% 500.0 495.5 495.4 Notes payable due 2050 2.75% 750.0 741.6 741.4 Notes payable due 2060 (junior subordinated) 6.71% 750.0 742.0 741.9 Other, payable due 2026 4.31% 0.1 0.1 0.2 Total Long-term debt, including current maturities $ 4,803.7 $ 4,757.9 $ 5,258.1 Less: Current maturities of long-term debt (53.7) (554.8) Long-term debt $ 4,704.2 $ 4,703.3 1 Carrying values are net of unamortized discounts of $(3.9) million, deferred issuance costs of $(26.6) million, unamortized terminated swaps of $(18.7) million, and purchase accounting fair value adjustments of $3.4 million. Unamortized gain/(loss) associated with interest rate swaps are more fully discussed in Note H, Financial Instruments . In March 2026, the Company redeemed its $500 million 3.40% notes, at maturity. The redemption was funded through the issuance of commercial paper. In August 2025, the Com …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

"FAIR VALUE MEASUREMENTS ASC 820, Fair Value Measurement , defines, establishes a consistent framework for measuring, and expands disclosure requirements about fair value. ASC 820 requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Companys market assumptions. These two types of inputs create the following fair value hierarchy: Level 1 Quoted prices for identical instruments in active markets. Level 2 Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs and significant value drivers are observable. Level 3 Instruments that are valued using unobservable inputs. The Company is exposed to market risk from changes in foreign currency exchange rates, interest rates, stock prices and commodity prices. The Company holds various financial instruments to manage these risks. These financial instruments are carried at fair value and are included within the scope of ASC 820. The Company determines the fair value of these financial instruments through the use of matrix or model pricing, which utilizes observable inputs such as market interest and currency rates. When determining fair value for which Level 1 evidence does not exist, the Company considers various factors incl …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

INCOME TAXES In accordance with ASC 740, Income Taxes , the Company estimates its annual effective tax rate each quarterly reporting period. Tax expense or benefit in interim periods is computed by applying the estimated annual effective tax rate to income or loss, and is adjusted for the tax effect of items of income and expense discretely reported in the period. The estimated annual effective tax rate used in determining income taxes on a year-to-date basis may change in subsequent interim periods. When changes to the estimated annual effective tax rate occur, the prior interim year-to-date tax expense or tax benefit is adjusted to reflect the revised estimated annual effective tax rate. Any adjustment is recorded in the period in which the change occurs. For the three and six months ended July 4, 2026, the Company recognized income tax expense of $147.7 million and $172.9 million, respectively, resulting in effective tax rates of 29.6% for both periods. The effective tax rates for the three and six months ended July 4, 2026 differ from the U.S. statutory tax rate of 21% primarily due to the tax effect of certain basis differences associated with the CAM divestiture for which no corresponding tax benefit was recognized and non-deductible expenses, partially offset by the remeasurement of uncertain tax positions. For the three and six months ended June 28, 2025, the Company recognized an income tax benefit of $75.2 million and $38.0 million, respectively, resulting in effect …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

RECENTLY ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses . The amendments in this update require disclosure and further disaggregation, in the notes to financial statements, of specified information about certain costs and expenses. The required disclosures include the amounts of purchases of inventory, employee compensation, depreciation, intangible asset amortization, and depreciation, depletion, and amortization recognized as part of oil and gas producing activities included in each relevant expense caption. Additionally, further disclosures are required for certain amounts already required to be disclosed under current GAAP, a qualitative description of amounts remaining in relevant expense captions that are not separately disaggregated quantitatively, and the total amount of selling expenses, and on an annual basis, the definition of selling expenses. The ASU is effective for fiscal years beginning after December 15, 2026 and interim periods beginning after December 15, 2027. Early adoption is permitted. The standard can be applied prospectively or retrospectively. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NET PERIODIC BENEFIT COST DEFINED BENEFIT PLANS Following are the components of net periodic pension expense for the three and six months ended July 4, 2026 and June 28, 2025: Second Quarter Pension Benefits Other Benefits U.S. Plans Non-U.S. Plans All Plans (Millions of Dollars) 2026 2025 2026 2025 2026 2025 Service cost $ 1.0 $ 1.8 $ 3.0 $ 3.0 $ $ Interest cost 11.5 12.8 10.4 10.8 0.4 0.4 Expected return on plan assets (14.9) (15.0) (12.3) (12.5) Amortization of prior service cost (credit) 0.1 (0.2) (0.2) Amortization of net loss (gain) 2.2 2.2 0.7 0.5 (0.4) (0.5) Settlement/curtailment loss 4.1 Special termination benefit 6.1 Net periodic pension (benefit) expense $ (0.2) $ 1.9 $ 5.7 $ 1.6 $ $ 6.0 Year-to-Date Pension Benefits Other Benefits U.S. Plans Non-U.S. Plans All Plans (Millions of Dollars) 2026 2025 2026 2025 2026 2025 Service cost $ 2.2 $ 3.7 $ 6.0 $ 5.8 $ 0.1 $ 0.1 Interest cost 22.6 25.3 21.0 20.9 0.7 0.7 Expected return on plan assets (29.7) (29.8) (24.7) (24.2) Amortization of prior service cost (credit) 0.1 0.2 (0.4) (0.4) Amortization of net loss (gain) 4.3 4.2 1.2 1.1 (0.7) (0.9) Settlement/curtailment loss 1.7 3.9 Special termination benefit 0.2 6.1 Net periodic pension expense $ 1.4 $ 3.6 $ 7.0 $ 3.2 $ 0.1 $ 6.0 The components of net periodic benefit expense other than the service cost component are typically included in Other, net in the Consolidated Statements of Operations and Comprehensive Income. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

RESTRUCTURING CHARGES AND OTHER, NET A summary of the restructuring reserve activity from January 3, 2026 to July 4, 2026 is as follows: (Millions of Dollars) January 3, 2026 Net Additions Usage Currency July 4, 2026 Severance and related costs $ 45.7 $ 47.0 $ (49.3) $ 0.3 $ 43.7 Facility closures and other 2.1 13.0 (13.7) (0.1) 1.3 Total $ 47.8 $ 60.0 $ (63.0) $ 0.2 $ 45.0 For the three and six months ended July 4, 2026, the Company recognized net restructuring charges of $15.1 million and $60.0 million related to severance costs primarily associated with reorganizations of the Companys supply chain resources and plant closures, as well as facility exit costs. The majority of the $45.0 million of reserves remaining as of July 4, 2026 is expected to be utilized within the next twelve months. Segments: The $60.0 million of net restructuring charges for the six months ended July 4, 2026 includes: $50.0 million in the Tools & Outdoor segment; $6.5 million in the Engineered Fastening segment; and $3.5 million in Corporate. The $15.1 million of net restructuring charges for the three months ended July 4, 2026 includes: $14.4 million of charges in the Tools & Outdoor segment; $1.0 million of net reversals in the Engineered Fastening segment; and $1.7 million of charges in Corporate. Other, net amounted to $52.9 million and $67.7 million for the three months ended July 4, 2026 and June 28, 2025, respectively, which included intangible asset amortization expense of $27.6 mill …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

"BUSINESS SEGMENTS AND GEOGRAPHIC AREAS The Companys operations are classified into two reportable business segments: Tools & Outdoor and Engineered Fastening. The Tools & Outdoor segment is comprised of the Power Tools Group (""PTG""), Hand Tools, Accessories & Storage (""HTAS"") and Outdoor Power Equipment (""Outdoor"") product lines. The PTG product line includes both professional and consumer products. Professional products, primarily under the DEWALT brand, include professional grade corded and cordless electric power tools and equipment including drills, impact wrenches and drivers, grinders, saws, routers, sanders, and concrete prep and placement tools as well as pneumatic tools and fasteners including nail guns, nails, staplers and staples, and concrete and masonry anchors. DIY and tradesperson focused products include corded and cordless electric power tools sold primarily under the CRAFTSMAN and STANLEY brands, and consumer home products such as household power tools, hand-held vacuums, and small appliances primarily under the BLACK+DECKER brand. The HTAS product line sells hand tools, power tool accessories and storage products primarily under the DEWALT, CRAFTSMAN, and STANLEY brands. Hand tools include measuring, leveling and layout tools, planes, hammers, demolition tools, clamps, vises, knives, saws, chisels, material handling, and industrial and automotive tools. Power tool accessories include drill bits, screwdriver bits, router bits, abrasives, s …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (hereinafter referred to as generally accepted accounting principles"" or ""GAAP) for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X and do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation of the results of operations for the interim periods have been included and are of a normal, recurring nature. Operating results for the three and six months ended July 4, 2026 are not necessarily indicative of the results that may be expected for a full fiscal year. For further information, refer to the consolidated financial statements and footnotes included in Stanley Black & Decker, Inc.s (the Company) Annual Report on Form 10-K for the year ended January 3, 2026, and subsequent related filings with the Securities and Exchange Commission (""SEC""). The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements. While management believes that the estimates and assumptions u …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing