XML 53 R41.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segments (Tables)
 9 Months Ended
Sep. 29, 2018
Segment Reporting [Abstract]  
Net Sales by Segment
Financial Data by Segment:
 
Three Months Ended
 
Nine Months Ended
(Amounts in millions)
September 29,
2018
 
September 30,
2017
 
September 29,
2018
 
September 30,
2017
Net sales:
 
 
 
 
 
 
 
Commercial & Industrial Group
$
330.2

 
$
314.6

 
$
999.6

 
$
923.3

Snap-on Tools Group
389.8

 
392.7

 
1,206.4

 
1,215.9

Repair Systems & Information Group
314.4

 
333.5

 
994.5

 
990.4

Segment net sales
1,034.4

 
1,040.8

 
3,200.5

 
3,129.6

Intersegment eliminations
(136.3
)
 
(137.0
)
 
(412.3
)
 
(417.3
)
Total net sales
$
898.1

 
$
903.8

 
$
2,788.2

 
$
2,712.3

Financial Services revenue
82.0

 
79.0

 
247.0

 
233.5

Total revenues
$
980.1

 
$
982.8

 
$
3,035.2

 
$
2,945.8

Operating earnings:
 
 
 
 
 
 
 
Commercial & Industrial Group
$
53.0

 
$
50.3

 
$
148.5

 
$
135.2

Snap-on Tools Group
59.3

 
56.4

 
207.2

 
207.4

Repair Systems & Information Group
80.7

 
83.8

 
255.2

 
245.1

Financial Services
59.3

 
56.0

 
174.0

 
163.1

Segment operating earnings
252.3

 
246.5

 
784.9

 
750.8

Corporate
(19.9
)
 
(37.8
)
 
(67.0
)
 
(81.1
)
Operating earnings
$
232.4

 
$
208.7

 
$
717.9

 
$
669.7

Interest expense
(12.4
)
 
(13.1
)
 
(38.0
)
 
(38.8
)
Other income (expense) – net
(1.0
)
 
(1.7
)
 
1.2

 
(6.0
)
Earnings before income taxes and equity earnings
$
219.0

 
$
193.9

 
$
681.1

 
$
624.9
Assets by Segment
(Amounts in millions)
September 29,
2018
 
December 30,
2017
Assets:
 
 
 
Commercial & Industrial Group
$
1,096.8

 
$
1,113.9

Snap-on Tools Group
773.2

 
714.3

Repair Systems & Information Group
1,297.7

 
1,314.3

Financial Services
2,024.0

 
1,971.8

Total assets from reportable segments
$
5,191.7

 
$
5,114.3

Corporate
229.7

 
200.6

Elimination of intersegment receivables
(66.6
)
 
(65.8
)
Total assets
$
5,354.8

 
$
5,249.1