Revenue Recognition - (Tables)

6 Months Ended

Jun. 29, 2019

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



	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

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

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