XML 55 R41.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Stock-based Compensation and Other Stock Plans (Tables) | 12 Months Ended
--- | ---
Dec. 29, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model, Stock Options | The following weighted-average assumptions were used in calculating the fair value of stock options granted during 2018, 2017 and 2016, using the Black-Scholes valuation model:
|  | 2018 |  | 2017 |  | 2016
Expected term of option (in years) |  | 5.35 |  |  | 5.15 |  |  | 5.05 |
Expected volatility factor |  | 20.08 | % |  | 22.01 | % |  | 22.17 | %
Expected dividend yield |  | 1.68 | % |  | 1.63 | % |  | 1.77 | %
Risk-free interest rate |  | 2.71 | % |  | 1.78 | % |  | 1.04 | %
Summary of Stock Option Activity | A summary of stock option activity during 2018 is presented below:
|  | Shares (in thousands) |  | Exercise Price per Share* |  | Remaining Contractual Term* (in years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at beginning of year |  | 3,198 |  |  | $ | 115.30 |  |  |  |  |
Granted |  | 515 |  |  | 161.18 |  |  |  |  |
Exercised |  | (537 | ) |  | 84.00 |  |  |  |  |
Forfeited or expired |  | (46 | ) |  | 159.33 |  |  |  |  |
Outstanding at end of year |  | 3,130 |  |  | 127.57 |  |  | 6.3 |  | $ | 75.3 |
Exercisable at end of year |  | 2,047 |  |  | 110.48 |  |  | 5.1 |  | 74.1 |
Summary of Changes in Non-Vested Performance Awards | Changes to the company’s non-vested performance awards in 2018 are as follows:
|  | Shares (in thousands) |  | Fair Value Price per Share*
Non-vested performance awards at beginning of year |  | 132 |  |  | $ | 149.93 |
Granted |  | 87 |  |  | 161.18 |
Vested |  | (74 | ) |  | 138.11 |
Cancellations and other |  | (25 | ) |  | 156.63 |
Non-vested performance awards at end of year |  | 120 |  |  | 164.00 |
* Weighted-average |  |  |  |
Summary of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model, SAR's | The following weighted-average assumptions were used in calculating the fair value of stock-settled SARs granted during 2018, 2017 and 2016, using the Black-Scholes valuation model:
|  | 2018 |  | 2017 |  | 2016
Expected term of stock-settled SARs (in years) |  | 3.58 |  |  | 3.99 |  |  | 4.03 |
Expected volatility factor |  | 20.08 | % |  | 19.39 | % |  | 20.09 | %
Expected dividend yield |  | 1.63 | % |  | 1.46 | % |  | 1.66 | %
Risk-free interest rate |  | 2.40 | % |  | 1.55 | % |  | 1.11 | %
The following weighted-average assumptions were used in calculating the fair value of cash-settled SARs granted during 2018, 2017 and 2016, using the Black-Scholes valuation model:
|  | 2018 |  | 2017 |  | 2016
Expected term of cash-settled SARs (in years) |  | 2.76 |  |  | 3.09 |  |  | 3.11 |
Expected volatility factor |  | 21.96 | % |  | 19.93 | % |  | 19.53 | %
Expected dividend yield |  | 1.75 | % |  | 1.59 | % |  | 1.56 | %
Risk-free interest rate |  | 2.50 | % |  | 1.98 | % |  | 1.47 | %
Summary of Changes in SARs | Changes to the company’s non-vested cash-settled SARs in 2018 are as follows:
|  | Cash-settled SARs (in thousands) |  | Fair Value Price per Share*
Non-vested cash-settled SARs at beginning of year |  | 5 |  | $ | 35.41 |
Granted |  | 1 |  | 14.98 |
Vested |  | (3) |  | 15.61 |
Non-vested cash-settled SARs at end of year |  | 3 |  | 14.89 |
* Weighted-average |  |  |  |
Changes to the company’s stock-settled SARs in 2018 are as follows:
|  | Stock-settled SARs (in thousands) |  | Exercise Price per Share* |  | Remaining Contractual Term* (in years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at beginning of year |  | 360 |  | $ | 138.63 |  |  |  |  |
Granted |  | 89 |  | 161.18 |  |  |  |  |
Exercised |  | (24) |  | 105.55 |  |  |  |  |
Forfeited or expired |  | (53) |  | 129.40 |  |  |  |  |
Outstanding at end of year |  | 372 |  | 147.41 |  |  | 7.4 |  | $ | 2.6 |
Exercisable at end of year |  | 191 |  | 135.42 |  |  | 6.3 |  | 2.4 |
* Weighted-average |  |  |  |

X
- Definition Share-based compensation arrangement by share-based payment award, fair value assumptions. + References No definition available. + Details
Name: | sna_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTableTextBlock
Namespace Prefix: | sna_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration