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Segments (Tables)

12 Months Ended

Dec. 30, 2017

Segment Reporting [Abstract]

Net Sales by Segment

Financial Data by Segment:

(Amounts in millions)		2017				2016				2015
Net sales:
Commercial & Industrial Group		$	1,265.0			$	1,148.3			$	1,163.6
Snap-on Tools Group			1,625.1				1,633.9				1,568.7
Repair Systems & Information Group			1,347.2				1,179.9				1,113.2
Segment net sales			4,237.3				3,962.1				3,845.5
Intersegment eliminations			(550.4)				(531.7)				(492.7)
Total net sales		$	3,686.9			$	3,430.4			$	3,352.8
Financial Services revenue			313.4				281.4				240.3
Total revenues		$	4,000.3			$	3,711.8			$	3,593.1
Operating earnings:
Commercial & Industrial Group		$	185.3			$	168.0			$	169.4
Snap-on Tools Group			274.5				281.1				256.0
Repair Systems & Information Group			333.8				297.8				273.4
Financial Services			217.5				198.7				170.2
Segment operating earnings			1,011.1				945.6				869.0
Corporate			(129.6)				(91.4)				(104.2)
Operating earnings			881.5				854.2				764.8
Interest expense			(52.4)				(52.2)				(51.9)
Other income (expense) – net			(7.2)				(0.6)				(2.4)
Earnings before income taxes and equity earnings		$	821.9			$	801.4			$	710.5

Assets by Segment

(Amounts in millions)		2017				2016
Assets:
Commercial & Industrial Group		$	1,113.9			$	907.1
Snap-on Tools Group			714.3				668.1
Repair Systems & Information Group			1,314.3				1,211.0
Financial Services			1,971.8				1,789.7
Total assets from reportable segments			5,114.3				4,575.9
Corporate			200.6				212.3
Elimination of intersegment receivables			(65.8)				(65.0)
Total assets		$	5,249.1			$	4,723.2

Capital Expenditures, Depreciation and Amortization

Amounts in millions)		2017				2016				2015
Capital expenditures:
Commercial & Industrial Group		$	22.6			$	19.3			$	31.0
Snap-on Tools Group			40.1				38.3				38.1
Repair Systems & Information Group			13.4				13.1				9.0
Financial Services			1.2				0.6				1.0
Total from reportable segments			77.3				71.3				79.1
Corporate			4.7				3.0				1.3
Total capital expenditures		$	82.0			$	74.3			$	80.4
Depreciation and amortization:
Commercial & Industrial Group		$	22.8			$	20.7			$	20.1
Snap-on Tools Group			29.1				27.6				24.9
Repair Systems & Information Group			37.8				33.9				34.0
Financial Services			0.6				0.6				0.7
Total from reportable segments			90.3				82.8				79.7
Corporate			2.9				2.8				2.8
Total depreciation and amortization		$	93.2			$	85.6			$	82.5

Revenue and Long-Lived Assets, Geographic Regions

Financial Data by Segment (continued):

(Amounts in millions)		2017				2016				2015
Capital expenditures:
Commercial & Industrial Group		$	22.6			$	19.3			$	31.0
Snap-on Tools Group			40.1				38.3				38.1
Repair Systems & Information Group			13.4				13.1				9.0
Financial Services			1.2				0.6				1.0
Total from reportable segments			77.3				71.3				79.1
Corporate			4.7				3.0				1.3
Total capital expenditures		$	82.0			$	74.3			$	80.4
Depreciation and amortization:
Commercial & Industrial Group		$	22.8			$	20.7			$	20.1
Snap-on Tools Group			29.1				27.6				24.9
Repair Systems & Information Group			37.8				33.9				34.0
Financial Services			0.6				0.6				0.7
Total from reportable segments			90.3				82.8				79.7
Corporate			2.9				2.8				2.8
Total depreciation and amortization		$	93.2			$	85.6			$	82.5
Revenues by geographic region:*
United States		$	2,703.3			$	2,588.8			$	2,483.9
Europe			748.8				654.4				635.0
All other			548.2				468.6				474.2
Total revenues		$	4,000.3			$	3,711.8			$	3,593.1
(Amounts in millions)		2017				2016
Long-lived assets:**
United States		$	1,081.2			$	1,048.6
Sweden			252.6				218.8
All other			328.4				237.9
Total long-lived assets		$	1,662.2			$	1,505.3

* Revenues are attributed to countries based on the origin of the sale.

** Long-lived assets consist of Property and equipment – net, Goodwill, and Other intangibles – net.

Products and Services

The following table shows the consolidated net sales and revenues of these product groups in the last three years:

(Amounts in millions)		2017				2016				2015
Net sales:
Tools		$	1,946.7			$	1,899.2			$	1,910.1
Diagnostics, information and management systems			800.4				748.2				689.6
Equipment			939.8				783.0				753.1
Total net sales		$	3,686.9			$	3,430.4			$	3,352.8
Financial services revenue			313.4				281.4				240.3
Total revenues		$	4,000.3			$	3,711.8			$	3,593.1

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