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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Income Statement [Abstract]        
Net sales $ 954.6 $ 921.4 $ 1,890.1 $ 1,808.5
Cost of goods sold (467.5) (458.2) (931.4) (897.0)
Gross profit 487.1 463.2 958.7 911.5
Operating expenses (294.0) (279.5) (587.9) (557.6)
Operating earnings before financial services 193.1 183.7 370.8 353.9
Financial services revenue 82.0 77.7 165.0 154.5
Financial services expenses (24.2) (23.1) (50.3) (47.4)
Operating earnings from financial services 57.8 54.6 114.7 107.1
Operating earnings 250.9 238.3 485.5 461.0
Interest expense (12.0) (13.0) (25.6) (25.7)
Other income (expense) – net (0.6) (1.9) 2.2 (4.3)
Earnings before income taxes and equity earnings 238.3 223.4 462.1 431.0
Income tax expense (55.8) (67.3) (113.4) (129.9)
Earnings before equity earnings 182.5 156.1 348.7 301.1
Equity earnings, net of tax 0.2 0.7 0.8 0.8
Net earnings 182.7 156.8 349.5 301.9
Net earnings attributable to noncontrolling interests (4.0) (3.6) (7.8) (7.1)
Net earnings attributable to Snap-on Incorporated $ 178.7 $ 153.2 $ 341.7 $ 294.8
Net earnings per share attributable to Snap-on Incorporated:        
Basic (in dollars per share) $ 3.17 $ 2.65 $ 6.04 $ 5.09
Diluted (in dollars per share) $ 3.12 $ 2.60 $ 5.93 $ 4.98
Weighted-average shares outstanding:        
Basic (in shares) 56.4 57.8 56.6 57.9
Effect of dilutive securities (in shares) 0.9 1.2 1.0 1.3
Diluted (in shares) 57.3 59.0 57.6 59.2
Dividends declared per common share (in dollars per share) $ 0.82 $ 0.71 $ 1.64 $ 1.42