XML 16 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Net sales $ 4,070.4 $ 4,000.3 $ 3,711.8
Operating earnings 956.1 882.1 861.1
Interest expense (50.4) (52.4) (52.2)
Other income (expense) – net 4.2 (7.8) (7.5)
Earnings before income taxes and equity earnings 909.9 821.9 801.4
Income tax expense (214.4) (250.9) (244.3)
Earnings before equity earnings 695.5 571.0 557.1
Equity earnings, net of tax 0.7 1.2 2.5
Net earnings 696.2 572.2 559.6
Net earnings attributable to noncontrolling interests (16.3) (14.5) (13.2)
Net earnings attributable to Snap-on Incorporated $ 679.9 $ 557.7 $ 546.4
Net earnings per share attributable to Snap-on Incorporated:      
Basic (in dollars per share) $ 12.08 $ 9.72 $ 9.40
Diluted (in dollars per share) $ 11.87 $ 9.52 $ 9.20
Weighted-average shares outstanding:      
Basic (in shares) 56.3 57.4 58.1
Effect of dilutive securities (in shares) 1.0 1.2 1.3
Diluted (in shares) 57.3 58.6 59.4
Product And Services, Excluding Financial Services      
Net sales $ 3,740.7 $ 3,686.9 $ 3,430.4
Cost of goods sold (1,870.7) (1,861.0) (1,720.0)
Gross profit 1,870.0 1,825.9 1,710.4
Operating expenses (1,144.0) (1,161.3) (1,048.0)
Operating earnings 726.0 664.6 662.4
Financial Service      
Net sales 329.7 313.4 281.4
Cost of goods sold (99.6) (95.9) (82.7)
Operating earnings $ 230.1 $ 217.5 $ 198.7