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Segments (Tables)

12 Months Ended

Dec. 29, 2018

Segment Reporting [Abstract]

Net Sales by Segment

(Amounts in millions)		2018				2017				2016
Net sales:
Commercial & Industrial Group		$	1,343.3			$	1,265.0			$	1,148.3
Snap-on Tools Group		1,613.8				1,625.1				1,633.9
Repair Systems & Information Group		1,334.4				1,347.2				1,179.9
Segment net sales		4,291.5				4,237.3				3,962.1
Intersegment eliminations		(550.8		)		(550.4		)		(531.7		)
Total net sales		$	3,740.7			$	3,686.9			$	3,430.4
Financial Services revenue		329.7				313.4				281.4
Total revenues		$	4,070.4			$	4,000.3			$	3,711.8
Operating earnings:
Commercial & Industrial Group		$	199.3			$	186.5			$	168.8
Snap-on Tools Group		264.2				274.7				280.4
Repair Systems & Information Group		342.6				335.3				298.6
Financial Services		230.1				217.5				198.7
Segment operating earnings		1,036.2				1,014.0				946.5
Corporate		(80.1		)		(131.9		)		(85.4		)
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

Assets by Segment

(Amounts in millions)		2018				2017
Assets:
Commercial & Industrial Group		$	1,087.9			$	1,113.9
Snap-on Tools Group		752.7				714.3
Repair Systems & Information Group		1,306.3				1,314.3
Financial Services		2,039.6				1,971.8
Total assets from reportable segments		5,186.5				5,114.3
Corporate		249.2				200.6
Elimination of intersegment receivables		(62.6		)		(65.8		)
Total assets		$	5,373.1			$	5,249.1

Capital Expenditures, Depreciation and Amortization

(Amounts in millions)		2018				2017				2016
Capital expenditures:
Commercial & Industrial Group		$	21.5			$	22.6			$	19.3
Snap-on Tools Group		46.0				40.1				38.3
Repair Systems & Information Group		19.7				13.4				13.1
Financial Services		0.5				1.2				0.6
Total from reportable segments		87.7				77.3				71.3
Corporate		3.2				4.7				3.0
Total capital expenditures		$	90.9			$	82.0			$	74.3
Depreciation and amortization:
Commercial & Industrial Group		$	23.6			$	22.8			$	20.7
Snap-on Tools Group		29.9				29.1				27.6
Repair Systems & Information Group		36.7				37.8				33.9
Financial Services		0.8				0.6				0.6
Total from reportable segments		91.0				90.3				82.8
Corporate		3.1				2.9				2.8
Total depreciation and amortization		$	94.1			$	93.2			$	85.6

Revenue and Long-Lived Assets, Geographic Regions

Revenues by geographic region:*
United States		$	2,727.9			$	2,703.3			$	2,588.8
Europe		784.7				748.8				654.4
All other		557.8				548.2				468.6
Total revenues		$	4,070.4			$	4,000.3			$	3,711.8
(Amounts in millions)		2018				2017
Long-lived assets:**
United States		$	1,091.2			$	1,081.2
Sweden		227.4				252.6
All other		311.6				328.4
Total long-lived assets		$	1,630.2			$	1,662.2

* Revenues are attributed to countries based on origin of the sale.

** Long-lived assets consist of Property and equipment - net, Goodwill, and Other intangibles - net.

Products and Services

The following table shows the consolidated net sales and revenues of these product groups in the last three years:

(Amounts in millions)		2018				2017				2016
Net sales:
Tools		$	2,021.2			$	1,946.7			$	1,899.2
Diagnostics, information and management systems		797.9				800.4				748.2
Equipment		921.6				939.8				783.0
Total net sales		3,740.7				3,686.9				3,430.4
Financial services revenue		329.7				313.4				281.4
Total revenues		$	4,070.4			$	4,000.3			$	3,711.8

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