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Segments (Tables) | 6 Months Ended
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Jun. 29, 2013
Segment Reporting [Abstract] |
Net Sales by Segment | Financial data by segment was as follows:
|  | Three Months Ended |  |  | Six Months Ended |
(Amounts in millions) |  | June 29, 2013 |  |  | June 30, 2012 |  |  | June 29, 2013 |  |  | June 30, 2012 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 266.2 |  |  | $ | 283.4 |  |  | $ | 532.6 |  |  | $ | 569.9 |
Snap-on Tools Group |  |  | 346.2 |  |  |  | 325.0 |  |  |  | 673.5 |  |  |  | 641.6 |
Repair Systems & Information Group |  |  | 246.2 |  |  |  | 227.4 |  |  |  | 492.3 |  |  |  | 453.5 |
Segment net sales |  |  | 858.6 |  |  |  | 835.8 |  |  |  | 1,698.4 |  |  |  | 1,665.0 |
Intersegment eliminations |  |  | (94.5) |  |  |  | (97.9) |  |  |  | (192.6) |  |  |  | (191.9) |
Total net sales |  | $ | 764.1 |  |  | $ | 737.9 |  |  | $ | 1,505.8 |  |  | $ | 1,473.1 |
Financial Services revenue |  |  | 44.5 |  |  |  | 39.9 |  |  |  | 88.5 |  |  |  | 77.9 |
Total revenues |  | $ | 808.6 |  |  | $ | 777.8 |  |  | $ | 1,594.3 |  |  | $ | 1,551.0 |
Operating earnings: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 33.6 |  |  | $ | 32.8 |  |  | $ | 64.2 |  |  | $ | 62.0 |
Snap-on Tools Group |  |  | 54.5 |  |  |  | 44.5 |  |  |  | 101.7 |  |  |  | 90.6 |
Repair Systems & Information Group |  |  | 56.7 |  |  |  | 52.2 |  |  |  | 113.2 |  |  |  | 100.8 |
Financial Services |  |  | 30.6 |  |  |  | 25.6 |  |  |  | 61.1 |  |  |  | 49.5 |
Segment operating earnings |  |  | 175.4 |  |  |  | 155.1 |  |  |  | 340.2 |  |  |  | 302.9 |
Corporate |  |  | (27.0) |  |  |  | (24.9) |  |  |  | (53.5) |  |  |  | (51.3) |
Operating earnings |  | $ | 148.4 |  |  | $ | 130.2 |  |  | $ | 286.7 |  |  | $ | 251.6 |
Interest expense |  |  | (13.8) |  |  |  | (13.9) |  |  |  | (27.4) |  |  |  | (27.8) |
Other income (expense) – net |  |  | (1.7) |  |  |  | 0.1 |  |  |  | (2.3) |  |  |  | (0.3) |
Earnings before income taxes and equity earnings |  | $ | 132.9 |  |  | $ | 116.4 |  |  | $ | 257.0 |  |  | $ | 223.5
Assets by Segment |
Amounts in millions) |  |  |  |  |  |  |  | June 29, 2013 |  |  | December 29, 2012 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & Industrial Group |  |  |  |  |  |  |  |  |  | $ | 942.2 |  |  | $ | 935.2 |
Snap-on Tools Group |  |  |  |  |  |  |  |  |  |  | 542.3 |  |  |  | 537.7 |
Repair Systems & Information Group |  |  |  |  |  |  |  |  |  |  | 967.6 |  |  |  | 927.7 |
Financial Services |  |  |  |  |  |  |  |  |  |  | 1,138.4 |  |  |  | 1,076.3 |
Total assets from reportable segments |  |  |  |  |  |  |  |  |  | $ | 3,590.5 |  |  | $ | 3,476.9 |
Corporate |  |  |  |  |  |  |  |  |  |  | 426.4 |  |  |  | 477.7 |
Elimination of intersegment receivables |  |  |  |  |  |  |  |  |  |  | (55.4) |  |  |  | (52.3) |
Total assets |  |  |  |  |  |  |  |  |  | $ | 3,961.5 |  |  | $ | 3,902.3 |

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