A tool chest may include a base portion, two opposing sidewalls and a foldable lid. The sidewalls extend to define a tool repository therebetween. The lid has a closed position covering a top of the tool chest and at least a part of a front of the tool chest, and an open position in which both the top of the tool chest and the part of the front of the tool chest are open to provide access to the tool repository. The lid comprises a top section, an overhang portion and a front section. The top section extends perpendicular to the top section. The front section extends substantially parallel to the overhang portion in the closed position and substantially perpendicular to the overhang portion in the open position. A hanger space is formed between the front portion and the top portion when the lid is in the open position.