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v3.19.2

Revenue Recognition - (Tables) | 6 Months Ended
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Jun. 29, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table shows the consolidated revenues by revenue source:
|  | Three Months Ended |  | Six Months Ended
(Amounts in millions) |  | June 29, 2019 |  | June 30, 2018 |  | June 29, 2019 |  | June 30, 2018
Revenue from contracts with customers |  | $ | 945.8 |  |  | $ | 949.2 |  |  | $ | 1,862.2 |  |  | $ | 1,879.6 |
Other revenues |  | 5.5 |  |  | 5.4 |  |  | 10.8 |  |  | 10.5 |
Total net sales |  | 951.3 |  |  | 954.6 |  |  | 1,873.0 |  |  | 1,890.1 |
Financial services revenue |  | 84.1 |  |  | 82.0 |  |  | 169.7 |  |  | 165.0 |
Total revenues |  | $ | 1,035.4 |  |  | $ | 1,036.6 |  |  | $ | 2,042.7 |  |  | $ | 2,055.1 |
The following table represents external net sales disaggregated by geography, based on the customers’ billing addresses:
|  | For the Three Months Ended June 29, 2019
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales by geographic region: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 121.6 |  |  | $ | 350.1 |  |  | $ | 202.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 674.0 |
Europe |  | 72.3 |  |  | 36.5 |  |  | 62.3 |  |  | — |  |  | — |  |  | 171.1 |
All other |  | 69.1 |  |  | 19.2 |  |  | 17.9 |  |  | — |  |  | — |  |  | 106.2 |
External net sales |  | 263.0 |  |  | 405.8 |  |  | 282.5 |  |  | — |  |  | — |  |  | 951.3 |
Intersegment net sales |  | 72.0 |  |  | — |  |  | 66.4 |  |  | — |  |  | (138.4 | ) |  | — |
Total net sales |  | 335.0 |  |  | 405.8 |  |  | 348.9 |  |  | — |  |  | (138.4 | ) |  | 951.3 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 84.1 |  |  | — |  |  | 84.1 |
Total revenue |  | $ | 335.0 |  |  | $ | 405.8 |  |  | $ | 348.9 |  |  | $ | 84.1 |  |  | $ | (138.4 | ) |  | $ | 1,035.4 |
|  | For the Six Months Ended June 29, 2019
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales by geographic region: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 230.5 |  |  | $ | 701.7 |  |  | $ | 387.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,319.6 |
Europe |  | 149.7 |  |  | 73.4 |  |  | 121.8 |  |  | — |  |  | — |  |  | 344.9 |
All other |  | 132.3 |  |  | 40.9 |  |  | 35.3 |  |  | — |  |  | — |  |  | 208.5 |
External net sales |  | 512.5 |  |  | 816.0 |  |  | 544.5 |  |  | — |  |  | — |  |  | 1,873.0 |
Intersegment net sales |  | 145.0 |  |  | — |  |  | 132.3 |  |  | — |  |  | (277.3 | ) |  | — |
Total net sales |  | 657.5 |  |  | 816.0 |  |  | 676.8 |  |  | — |  |  | (277.3 | ) |  | 1,873.0 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 169.7 |  |  | — |  |  | 169.7 |
Total revenue |  | $ | 657.5 |  |  | $ | 816.0 |  |  | $ | 676.8 |  |  | $ | 169.7 |  |  | $ | (277.3 | ) |  | $ | 2,042.7 |
* North America is comprised of the United States, Canada and Mexico.
|  | For the Three Months Ended June 30, 2018
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales by geographic region: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 118.3 |  |  | $ | 346.2 |  |  | $ | 189.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 653.9 |
Europe |  | 76.6 |  |  | 43.7 |  |  | 68.2 |  |  | — |  |  | — |  |  | 188.5 |
All other |  | 72.2 |  |  | 22.0 |  |  | 18.0 |  |  | — |  |  | — |  |  | 112.2 |
External net sales |  | 267.1 |  |  | 411.9 |  |  | 275.6 |  |  | — |  |  | — |  |  | 954.6 |
Intersegment net sales |  | 70.7 |  |  | — |  |  | 67.5 |  |  | — |  |  | (138.2 | ) |  | — |
Total net sales |  | 337.8 |  |  | 411.9 |  |  | 343.1 |  |  | — |  |  | (138.2 | ) |  | 954.6 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 82.0 |  |  | — |  |  | 82.0 |
Total revenue |  | $ | 337.8 |  |  | $ | 411.9 |  |  | $ | 343.1 |  |  | $ | 82.0 |  |  | $ | (138.2 | ) |  | $ | 1,036.6 |
|  | For the Six Months Ended June 30, 2018
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales by geographic region: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 225.8 |  |  | $ | 685.1 |  |  | $ | 374.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,285.6 |
Europe |  | 159.5 |  |  | 85.2 |  |  | 135.2 |  |  | — |  |  | — |  |  | 379.9 |
All other |  | 140.6 |  |  | 46.3 |  |  | 37.7 |  |  | — |  |  | — |  |  | 224.6 |
External net sales |  | 525.9 |  |  | 816.6 |  |  | 547.6 |  |  | — |  |  | — |  |  | 1,890.1 |
Intersegment net sales |  | 143.5 |  |  | — |  |  | 132.5 |  |  | — |  |  | (276.0 | ) |  | — |
Total net sales |  | 669.4 |  |  | 816.6 |  |  | 680.1 |  |  | — |  |  | (276.0 | ) |  | 1,890.1 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 165.0 |  |  | — |  |  | 165.0 |
Total revenue |  | $ | 669.4 |  |  | $ | 816.6 |  |  | $ | 680.1 |  |  | $ | 165.0 |  |  | $ | (276.0 | ) |  | $ | 2,055.1 |
* North America is comprised of the United States, Canada and Mexico.
The following table represents external net sales disaggregated by customer type:
|  | For the Three Months Ended June 29, 2019
|  | 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 |  | $ | 24.0 |  |  | $ | 405.8 |  |  | $ | 282.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 712.3 |
All other professionals |  | 239.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 239.0 |
External net sales |  | 263.0 |  |  | 405.8 |  |  | 282.5 |  |  | — |  |  | — |  |  | 951.3 |
Intersegment net sales |  | 72.0 |  |  | — |  |  | 66.4 |  |  | — |  |  | (138.4 | ) |  | — |
Total net sales |  | 335.0 |  |  | 405.8 |  |  | 348.9 |  |  | — |  |  | (138.4 | ) |  | 951.3 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 84.1 |  |  | — |  |  | 84.1 |
Total revenue |  | $ | 335.0 |  |  | $ | 405.8 |  |  | $ | 348.9 |  |  | $ | 84.1 |  |  | $ | (138.4 | ) |  | $ | 1,035.4 |
|  | For the Six Months Ended June 29, 2019
|  | 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 |  | $ | 44.0 |  |  | $ | 816.0 |  |  | $ | 544.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,404.5 |
All other professionals |  | 468.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 468.5 |
External net sales |  | 512.5 |  |  | 816.0 |  |  | 544.5 |  |  | — |  |  | — |  |  | 1,873.0 |
Intersegment net sales |  | 145.0 |  |  | — |  |  | 132.3 |  |  | — |  |  | (277.3 | ) |  | — |
Total net sales |  | 657.5 |  |  | 816.0 |  |  | 676.8 |  |  | — |  |  | (277.3 | ) |  | 1,873.0 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 169.7 |  |  | — |  |  | 169.7 |
Total revenue |  | $ | 657.5 |  |  | $ | 816.0 |  |  | $ | 676.8 |  |  | $ | 169.7 |  |  | $ | (277.3 | ) |  | $ | 2,042.7 |
|  | For the Three Months Ended June 30, 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 |  | $ | 25.6 |  |  | $ | 411.9 |  |  | $ | 275.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 713.1 |
All other professionals |  | 241.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 241.5 |
External net sales |  | 267.1 |  |  | 411.9 |  |  | 275.6 |  |  | — |  |  | — |  |  | 954.6 |
Intersegment net sales |  | 70.7 |  |  | — |  |  | 67.5 |  |  | — |  |  | (138.2 | ) |  | — |
Total net sales |  | 337.8 |  |  | 411.9 |  |  | 343.1 |  |  | — |  |  | (138.2 | ) |  | 954.6 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 82.0 |  |  | — |  |  | 82.0 |
Total revenue |  | $ | 337.8 |  |  | $ | 411.9 |  |  | $ | 343.1 |  |  | $ | 82.0 |  |  | $ | (138.2 | ) |  | $ | 1,036.6 |
|  | For the Six Months Ended June 30, 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 |  | $ | 48.1 |  |  | $ | 816.6 |  |  | $ | 547.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,412.3 |
All other professionals |  | 477.8 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 477.8 |
External net sales |  | 525.9 |  |  | 816.6 |  |  | 547.6 |  |  | — |  |  | — |  |  | 1,890.1 |
Intersegment net sales |  | 143.5 |  |  | — |  |  | 132.5 |  |  | — |  |  | (276.0 | ) |  | — |
Total net sales |  | 669.4 |  |  | 816.6 |  |  | 680.1 |  |  | — |  |  | (276.0 | ) |  | 1,890.1 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 165.0 |  |  | — |  |  | 165.0 |
Total revenue |  | $ | 669.4 |  |  | $ | 816.6 |  |  | $ | 680.1 |  |  | $ | 165.0 |  |  | $ | (276.0 | ) |  | $ | 2,055.1 |

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- 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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=118956577&loc=SL49130545-203045 + Details
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