XML 45 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1

Revenue Recognition - (Tables)

12 Months Ended

Dec. 29, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The effects of adjustments to the December 30, 2017 Consolidated Balance Sheet for the adoption of Topic 606 were as follows:

		Balance at				Topic 606				Opening Balance at
(Amounts in millions)		December 30, 2017				Adjustments				December 31, 2017
Assets
Inventories - net		$	638.8			$	20.9			$	659.7
Deferred income tax assets		52.0				0.6				52.6
Liabilities and Equity
Other accrued liabilities		$	388.1			$	23.3			$	411.4
Retained earnings		3,772.3				(1.8		)		3,770.5

Disaggregation of Revenue

The following table represents external net sales disaggregated by geography, based on the customers’ billing addresses:

		2018
		Commercial &				Snap-on				Repair Systems
		Industrial				Tools				& Information				Financial								Snap-on
(Amounts in millions)		Group				Group				Group				Services				Eliminations				Incorporated
Net sales:
North America*		$	466.5			$	1,378.7			$	747.1			$	—			$	—			$	2,592.3
Europe		311.9				151.3				255.2				—				—				718.4
All other		273.2				83.8				73.0				—				—				430.0
External net sales		1,051.6				1,613.8				1,075.3				—				—				3,740.7
Intersegment net sales		291.7				—				259.1				—				(550.8		)		—
Total net sales		1,343.3				1,613.8				1,334.4				—				(550.8		)		3,740.7
Financial services revenue		—				—				—				329.7				—				329.7
Total revenue		$	1,343.3			$	1,613.8			$	1,334.4			$	329.7			$	(550.8	)		$	4,070.4

* North America is comprised of the United States, Canada and Mexico.

The following table represents external net sales disaggregated by customer type:

		2018
		Commercial &				Snap-on				Repair Systems
		Industrial				Tools				& Information				Financial								Snap-on
(Amounts in millions)		Group				Group				Group				Services				Eliminations				Incorporated
Net sales:
Vehicle service professionals		$	91.1			$	1,613.8			$	1,075.3			$	—			$	—			$	2,780.2
All other professionals		960.5				—				—				—				—				960.5
External net sales		1,051.6				1,613.8				1,075.3				—				—				3,740.7
Intersegment net sales		291.7				—				259.1				—				(550.8		)		—
Total net sales		1,343.3				1,613.8				1,334.4				—				(550.8		)		3,740.7
Financial services revenue		—				—				—				329.7				—				329.7
Total revenue		$	1,343.3			$	1,613.8			$	1,334.4			$	329.7			$	(550.8	)		$	4,070.4

The following table shows the consolidated revenues by revenue source:

(Amounts in millions)		2018
Revenue from contracts with customers		$	3,719.6
Other revenues		21.1
Total net sales		3,740.7
Financial services revenue		329.7
Total revenues		$	4,070.4

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e765-108305

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22580-107794

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=109236672&loc=d3e725-108305

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

+ Details

Name:	us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration