XML 55 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Oct. 03, 2015
Sep. 27, 2014
Oct. 03, 2015
Sep. 27, 2014
Income Statement [Abstract]        
Net sales $ 821.5 $ 806.3 $ 2,501.1 $ 2,420.3
Cost of goods sold (414.6) (412.4) (1,265.1) (1,247.3)
Gross profit 406.9 393.9 1,236.0 1,173.0
Operating expenses (263.3) (263.3) (803.7) (782.6)
Operating earnings before financial services 143.6 130.6 432.3 390.4
Financial services revenue 61.1 53.6 177.2 155.5
Financial services expenses (17.6) (15.9) (52.0) (48.6)
Operating earnings from financial services 43.5 37.7 125.2 106.9
Operating earnings 187.1 168.3 557.5 497.3
Interest expense (13.0) (12.7) (38.9) (39.1)
Other income (expense) - net (0.5) (0.9) (1.9) (0.7)
Earnings before income taxes and equity earnings 173.6 154.7 516.7 457.5
Income tax expense (53.9) (48.4) (161.9) (144.6)
Earnings before equity earnings 119.7 106.3 354.8 312.9
Equity earnings, net of tax 0.2 0.1 1.3 0.5
Net earnings 119.9 106.4 356.1 313.4
Net earnings attributable to noncontrolling interests (3.1) (2.7) (8.8) (7.7)
Net earnings attributable to Snap-on Incorporated $ 116.8 $ 103.7 $ 347.3 $ 305.7
Net earnings per share attributable to Snap-on Incorporated:        
Basic $ 2.01 $ 1.78 $ 5.98 $ 5.26
Diluted $ 1.98 $ 1.76 $ 5.88 $ 5.18
Weighted-average shares outstanding:        
Basic 58,084,784 58,110,855 58,110,620 58,148,345
Effect of dilutive securities 998,920 902,197 987,865 881,249
Diluted 59,083,704 59,013,052 59,098,485 59,029,594
Dividends declared per common share $ 0.53 $ 0.44 $ 1.59 $ 1.32