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Property and Equipment (Tables)
 12 Months Ended
Jan. 03, 2015
Property, Plant and Equipment [Abstract]  
Schedule of Property and Equipment

Snap-on’s property and equipment values (which are carried at cost) as of 2014 and 2013 year end are as follows:

 

(Amounts in millions)    2014      2013  

Land

        $       18.3               $       19.6       

Buildings and improvements

      294.0             292.0       

Machinery, equipment and computer software

      750.8             725.4       
  

 

 

     

 

 

  

Property and equipment – gross

      1,063.1             1,037.0       

Accumulated depreciation and amortization

      (658.6)            (644.5)      
  

 

 

     

 

 

  

Property and equipment – net

        $       404.5               $       392.5       
  

 

 

     

 

 

  

Summary of Estimated Service Lives of Property and Equipment

The estimated service lives of property and equipment are principally as follows:

 

Buildings and improvements

      3 to 50 years   

Machinery, equipment and computer software

      2 to 15 years   

Summary of Cost and Accumulated Depreciation of Property and Equipment under Capital Leases

The cost and accumulated depreciation of property and equipment under capital leases as of 2014 and 2013 year end are as follows:

 

(Amounts in millions)    2014      2013  

Buildings and improvements

        $       20.2               $       23.5       

Accumulated depreciation

      (9.7)            (10.1)      
  

 

 

     

 

 

  

Net book value

        $       10.5               $       13.4