XML 75 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 27, 2014
Dec. 28, 2013
ASSETS    
Cash and cash equivalents $ 124.7 $ 217.6
Trade and other accounts receivable - net 574.4 531.6
Finance receivables - net 407.3 374.6
Contract receivables - net 76.2 68.4
Inventories - net 484.6 434.4
Deferred income tax assets 96.1 85.4
Prepaid expenses and other assets 96.9 84.2
Total current assets 1,860.2 1,796.2
Property and equipment:    
Land 18.9 19.6
Buildings and improvements 291.7 292.0
Machinery, equipment and computer software 754.0 725.4
Total property and equipment 1,064.6 1,037.0
Accumulated depreciation and amortization (660.5) (644.5)
Property and equipment - net 404.1 392.5
Deferred income tax assets 48.1 57.1
Long-term finance receivables - net 629.1 560.6
Long-term contract receivables - net 237.7 217.1
Goodwill 828.5 838.8
Other intangibles - net 207.1 190.5
Other assets 53.7 57.2
Total assets 4,268.5 4,110.0
LIABILITIES AND EQUITY    
Notes payable and current maturities of long-term debt 58.7 113.1
Accounts payable 167.6 155.6
Accrued benefits 50.7 48.1
Accrued compensation 92.1 95.5
Franchisee deposits 71.1 59.4
Other accrued liabilities 293.7 243.7
Total current liabilities 733.9 715.4
Long-term debt 860.5 858.9
Deferred income tax liabilities 148.2 143.8
Retiree health care benefits 38.4 41.7
Pension liabilities 108.7 135.8
Other long-term liabilities 84.3 84.0
Total liabilities 1,974.0 1,979.6
Commitments and contingencies (Note 14)      
Equity    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding)      
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,382,935 and 67,371,679 shares, respectively) 67.4 67.4
Additional paid-in capital 252.1 225.1
Retained earnings 2,552.1 2,324.1
Accumulated other comprehensive loss (97.9) (44.8)
Treasury stock at cost (9,276,434 and 9,255,903 shares, respectively) (496.7) (458.6)
Total shareholders' equity attributable to Snap-on Incorporated 2,277.0 2,113.2
Noncontrolling interests 17.5 17.2
Total equity 2,294.5 2,130.4
Total liabilities and equity $ 4,268.5 $ 4,110.0