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Segments (Tables)

6 Months Ended

Jul. 02, 2016

Segment Reporting [Abstract]

Net Sales by Segment

Financial data by segment was as follows:

		Three Months Ended								Six Months Ended
		July 2,				July 4,				July 2,				July 4,
(Amounts in millions)		2016				2015				2016				2015
Net sales:
Commercial & Industrial Group		$	285.7			$	295.8			$	572.7			$	593.3
Snap-on Tools Group			416.7				398.7				819.2				776.9
Repair Systems & Information Group			295.2				277.4				574.0				549.7
Segment net sales			997.6				971.9				1,965.9				1,919.9
Intersegment eliminations			(125.3	)			(120.1	)			(259.4	)			(240.3	)
Total net sales		$	872.3			$	851.8			$	1,706.5			$	1,679.6
Financial Services revenue			69.3				58.7				135.6				116.1
Total revenues		$	941.6			$	910.5			$	1,842.1			$	1,795.7
Operating earnings:
Commercial & Industrial Group		$	39.3			$	42.2			$	80.4			$	86.2
Snap-on Tools Group			76.3				68.0				143.0				127.8
Repair Systems & Information Group			74.5				67.7				143.5				131.6
Financial Services			49.5				41.4				96.5				81.7
Segment operating earnings			239.6				219.3				463.4				427.3
Corporate			(23.7	)			(27.1	)			(45.1	)			(56.9	)
Operating earnings		$	215.9			$	192.2			$	418.3			$	370.4
Interest expense			(12.9	)			(12.9	)			(26.0	)			(25.9	)
Other income (expense) – net			1.2				(0.7	)			0.5				(1.4	)
Earnings before income taxes and equity earnings		$	204.2			$	178.6			$	392.8			$	343.1

Assets by Segment

(Amounts in millions)		July 2,       2016				January 2,   2016
Assets:
Commercial & Industrial Group		$	920.1			$	901.6
Snap-on Tools Group			658.8				646.7
Repair Systems & Information Group			1,057.2				1,041.6
Financial Services			1,690.5				1,572.4
Total assets from reportable segments		$	4,326.6			$	4,162.3
Corporate			240.8				203.6
Elimination of intersegment receivables			(62.3	)			(34.8	)
Total assets		$	4,505.1			$	4,331.1

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 21
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599

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