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v3.6.0.2

Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2016 | Jan. 02, 2016 | Jan. 03, 2015
Income Statement [Abstract] |  |  |
Net sales | $ 3,430.4 | $ 3,352.8 | $ 3,277.7
Cost of goods sold | (1,720.8) | (1,704.5) | (1,693.4)
Gross profit | 1,709.6 | 1,648.3 | 1,584.3
Operating expenses | (1,054.1) | (1,053.7) | (1,048.7)
Operating earnings before financial services | 655.5 | 594.6 | 535.6
Financial services revenue | 281.4 | 240.3 | 214.9
Financial services expenses | (82.7) | (70.1) | (65.8)
Operating earnings from financial services | 198.7 | 170.2 | 149.1
Operating earnings | 854.2 | 764.8 | 684.7
Interest expense | (52.2) | (51.9) | (52.9)
Other income (expense) - net | (0.6) | (2.4) | (0.9)
Earnings before income taxes and equity earnings | 801.4 | 710.5 | 630.9
Income tax expense | (244.3) | (221.2) | (199.5)
Earnings before equity earnings | 557.1 | 489.3 | 431.4
Equity earnings, net of tax | 2.5 | 1.3 | 0.7
Net earnings | 559.6 | 490.6 | 432.1
Net earnings attributable to noncontrolling interests | (13.2) | (11.9) | (10.2)
Net earnings attributable to Snap-on Incorporated | $ 546.4 | $ 478.7 | $ 421.9
Net earnings per share attributable to Snap-on Incorporated: |  |  |
Basic | $ 9.40 | $ 8.24 | $ 7.26
Diluted | $ 9.20 | $ 8.10 | $ 7.14
Weighted-average shares outstanding: |  |  |
Basic | 58.1 | 58.1 | 58.1
Effect of dilutive securities | 1.3 | 1.0 | 1.0
Diluted | 59.4 | 59.1 | 59.1

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