XML 57 R41.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments and Contingencies (Tables)
12 Months Ended
Jan. 02, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Payments Under Operating and Capital Lease

Snap-on’s future minimum lease commitments under these leases, net of sub-lease rental income, are as follows:

 

(Amounts in millions)      Operating 
Leases
     Capital
    Leases     
 

Year:

     

2016

       $     22.4               $ 4.8       

2017

     17.2             3.7       

2018

     12.8             3.0       

2019

     9.2             2.6       

2020

     6.4             2.2       

2021 and thereafter

     11.0             7.8       
  

 

 

    

 

 

 

Total minimum lease payments

       $ 79.0               $     24.1       
  

 

 

    

Less: amount representing interest

        (1.9)      
     

 

 

 

Total present value of minimum capital lease payments

          $ 22.2       
     

 

 

 
Components of Capital Leases Future Minimum Payment Present Value

Amounts included in the accompanying Consolidated Balance Sheets for the present value of minimum capital lease payments as of 2015 year end are as follows:

 

(Amounts in millions)    2015  

Other accrued liabilities

       $ 4.3       

Other long-term liabilities

     17.9       
  

 

 

 

Total present value of minimum capital lease payments

       $     22.2       
  

 

 

 
Summary of Product Warranty Accrual Activity

Snap-on’s product warranty accrual activity for 2015, 2014 and 2013 is as follows:

 

(Amounts in millions)    2015      2014      2013  

Warranty accrual:

        

Beginning of year

       $ 17.3               $ 17.0               $ 18.9       

Additions

     13.3             14.6             9.3       

Usage

       (14.2)              (14.3)              (11.2)      
  

 

 

    

 

 

    

 

 

 

End of year

       $ 16.4               $ 17.3               $ 17.0