XML 58 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Earnings (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Sep. 27, 2014
Sep. 28, 2013
Income Statement [Abstract]        
Net sales $ 806.3 $ 753.2 $ 2,420.3 $ 2,259.0
Cost of goods sold (412.4) (388.9) (1,247.3) (1,164.6)
Gross profit 393.9 364.3 1,173.0 1,094.4
Operating expenses (263.3) (253.0) (782.6) (757.5)
Operating earnings before financial services 130.6 111.3 390.4 336.9
Financial services revenue 53.6 45.1 155.5 133.6
Financial services expenses (15.9) (13.5) (48.6) (40.9)
Operating earnings from financial services 37.7 31.6 106.9 92.7
Operating earnings 168.3 142.9 497.3 429.6
Interest expense (12.7) (14.4) (39.1) (41.8)
Other income (expense) - net (0.9) (0.8) (0.7) (3.1)
Earnings before income taxes and equity earnings 154.7 127.7 457.5 384.7
Income tax expense (48.4) (40.8) (144.6) (122.1)
Earnings before equity earnings 106.3 86.9 312.9 262.6
Equity earnings, net of tax 0.1 0.1 0.5 0.2
Net earnings 106.4 87.0 313.4 262.8
Net earnings attributable to noncontrolling interests (2.7) (2.4) (7.7) (7.0)
Net earnings attributable to Snap-on Incorporated $ 103.7 $ 84.6 $ 305.7 $ 255.8
Net earnings per share attributable to Snap-on Incorporated:        
Basic $ 1.78 $ 1.45 $ 5.26 $ 4.40
Diluted $ 1.76 $ 1.43 $ 5.18 $ 4.33
Weighted-average shares outstanding:        
Basic 58,110,855 58,163,261 58,148,345 58,221,047
Effect of dilutive securities 902,197 837,840 881,249 848,938
Diluted 59,013,052 59,001,101 59,029,594 59,069,985
Dividends declared per common share $ 0.44 $ 0.38 $ 1.32 $ 1.14