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v3.19.3

Revenue Recognition - (Tables) | 9 Months Ended
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Sep. 28, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table shows the consolidated revenues by revenue source:
|  | Three Months Ended |  |  |  | Nine Months Ended |  |
(Amounts in millions) |  | September 28, 2019 |  | September 29, 2018 |  | September 28, 2019 |  | September 29, 2018
Revenue from contracts with customers |  | $ | 896.2 |  |  | $ | 892.7 |  |  | $ | 2,758.4 |  |  | $ | 2,772.3 |
Other revenues |  | 5.6 |  |  | 5.4 |  |  | 16.4 |  |  | 15.9 |
Total net sales |  | 901.8 |  |  | 898.1 |  |  | 2,774.8 |  |  | 2,788.2 |
Financial services revenue |  | 84.1 |  |  | 82.0 |  |  | 253.8 |  |  | 247.0 |
Total revenues |  | $ | 985.9 |  |  | $ | 980.1 |  |  | $ | 3,028.6 |  |  | $ | 3,035.2 |
Snap-on evaluates the performance of its operating segments based on segment revenues, including both external and intersegment net sales, and segment operating earnings. Snap-on accounts for both intersegment sales and transfers based primarily on standard costs with reasonable mark-ups established between the segments. Intersegment amounts are eliminated to arrive at Snap-on’s consolidated financial results. The following table represents external net sales disaggregated by geography, based on the customers’ billing addresses:
|  | For the Three Months Ended September 28, 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* |  | $ | 125.3 |  |  | $ | 337.6 |  |  | $ | 188.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 651.2 |
Europe |  | 65.1 |  |  | 28.3 |  |  | 54.6 |  |  | — |  |  | — |  |  | 148.0 |
All other |  | 66.6 |  |  | 19.3 |  |  | 16.7 |  |  | — |  |  | — |  |  | 102.6 |
External net sales |  | 257.0 |  |  | 385.2 |  |  | 259.6 |  |  | — |  |  | — |  |  | 901.8 |
Intersegment net sales |  | 78.3 |  |  | — |  |  | 63.1 |  |  | — |  |  | (141.4) |  |  | — |
Total net sales |  | 335.3 |  |  | 385.2 |  |  | 322.7 |  |  | — |  |  | (141.4) |  |  | 901.8 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 84.1 |  |  | — |  |  | 84.1 |
Total revenue |  | $ | 335.3 |  |  | $ | 385.2 |  |  | $ | 322.7 |  |  | $ | 84.1 |  |  | $ | (141.4) |  |  | $ | 985.9 |
* North America is comprised of the United States, Canada and Mexico. |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Nine Months Ended September 28, 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* |  | $ | 355.8 |  |  | $ | 1,039.3 |  |  | $ | 575.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,970.8 |
Europe |  | 214.8 |  |  | 101.7 |  |  | 176.4 |  |  | — |  |  | — |  |  | 492.9 |
All other |  | 198.9 |  |  | 60.2 |  |  | 52.0 |  |  | — |  |  | — |  |  | 311.1 |
External net sales |  | 769.5 |  |  | 1,201.2 |  |  | 804.1 |  |  | — |  |  | — |  |  | 2,774.8 |
Intersegment net sales |  | 223.3 |  |  | — |  |  | 195.4 |  |  | — |  |  | (418.7) |  |  | — |
Total net sales |  | 992.8 |  |  | 1,201.2 |  |  | 999.5 |  |  | — |  |  | (418.7) |  |  | 2,774.8 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 253.8 |  |  | — |  |  | 253.8 |
Total revenue |  | $ | 992.8 |  |  | $ | 1,201.2 |  |  | $ | 999.5 |  |  | $ | 253.8 |  |  | $ | (418.7) |  |  | $ | 3,028.6 |
|  | For the Three Months Ended September 29, 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* |  | $ | 119.9 |  |  | $ | 335.4 |  |  | $ | 177.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 632.9 |
Europe |  | 70.4 |  |  | 32.0 |  |  | 57.6 |  |  | — |  |  | — |  |  | 160.0 |
All other |  | 65.4 |  |  | 22.4 |  |  | 17.4 |  |  | — |  |  | — |  |  | 105.2 |
External net sales |  | 255.7 |  |  | 389.8 |  |  | 252.6 |  |  | — |  |  | — |  |  | 898.1 |
Intersegment net sales |  | 74.5 |  |  | — |  |  | 61.8 |  |  | — |  |  | (136.3) |  |  | — |
Total net sales |  | 330.2 |  |  | 389.8 |  |  | 314.4 |  |  | — |  |  | (136.3) |  |  | 898.1 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 82.0 |  |  | — |  |  | 82.0 |
Total revenue |  | $ | 330.2 |  |  | $ | 389.8 |  |  | $ | 314.4 |  |  | $ | 82.0 |  |  | $ | (136.3) |  |  | $ | 980.1 |
|  | For the Nine Months Ended September 29, 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* |  | $ | 345.7 |  |  | $ | 1,020.5 |  |  | $ | 552.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,918.5 |
Europe |  | 229.9 |  |  | 117.2 |  |  | 192.8 |  |  | — |  |  | — |  |  | 539.9 |
All other |  | 206.0 |  |  | 68.7 |  |  | 55.1 |  |  | — |  |  | — |  |  | 329.8 |
External net sales |  | 781.6 |  |  | 1,206.4 |  |  | 800.2 |  |  | — |  |  | — |  |  | 2,788.2 |
Intersegment net sales |  | 218.0 |  |  | — |  |  | 194.3 |  |  | — |  |  | (412.3) |  |  | — |
Total net sales |  | 999.6 |  |  | 1,206.4 |  |  | 994.5 |  |  | — |  |  | (412.3) |  |  | 2,788.2 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 247.0 |  |  | — |  |  | 247.0 |
Total revenue |  | $ | 999.6 |  |  | $ | 1,206.4 |  |  | $ | 994.5 |  |  | $ | 247.0 |  |  | $ | (412.3) |  |  | $ | 3,035.2 |
* 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 September 28, 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 |  | $ | 20.8 |  |  | $ | 385.2 |  |  | $ | 259.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 665.6 |
All other professionals |  | 236.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 236.2 |
External net sales |  | 257.0 |  |  | 385.2 |  |  | 259.6 |  |  | — |  |  | — |  |  | 901.8 |
Intersegment net sales |  | 78.3 |  |  | — |  |  | 63.1 |  |  | — |  |  | (141.4) |  |  | — |
Total net sales |  | 335.3 |  |  | 385.2 |  |  | 322.7 |  |  | — |  |  | (141.4) |  |  | 901.8 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 84.1 |  |  | — |  |  | 84.1 |
Total revenue |  | $ | 335.3 |  |  | $ | 385.2 |  |  | $ | 322.7 |  |  | $ | 84.1 |  |  | $ | (141.4) |  |  | $ | 985.9 |
|  | For the Nine Months Ended September 28, 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 |  | $ | 64.8 |  |  | $ | 1,201.2 |  |  | $ | 804.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,070.1 |
All other professionals |  | 704.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 704.7 |
External net sales |  | 769.5 |  |  | 1,201.2 |  |  | 804.1 |  |  | — |  |  | — |  |  | 2,774.8 |
Intersegment net sales |  | 223.3 |  |  | — |  |  | 195.4 |  |  | — |  |  | (418.7) |  |  | — |
Total net sales |  | 992.8 |  |  | 1,201.2 |  |  | 999.5 |  |  | — |  |  | (418.7) |  |  | 2,774.8 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 253.8 |  |  | — |  |  | 253.8 |
Total revenue |  | $ | 992.8 |  |  | $ | 1,201.2 |  |  | $ | 999.5 |  |  | $ | 253.8 |  |  | $ | (418.7) |  |  | $ | 3,028.6 |
|  | For the Three Months Ended September 29, 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 |  | $ | 21.4 |  |  | $ | 389.8 |  |  | $ | 252.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 663.8 |
All other professionals |  | 234.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 234.3 |
External net sales |  | 255.7 |  |  | 389.8 |  |  | 252.6 |  |  | — |  |  | — |  |  | 898.1 |
Intersegment net sales |  | 74.5 |  |  | — |  |  | 61.8 |  |  | — |  |  | (136.3) |  |  | — |
Total net sales |  | 330.2 |  |  | 389.8 |  |  | 314.4 |  |  | — |  |  | (136.3) |  |  | 898.1 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 82.0 |  |  | — |  |  | 82.0 |
Total revenue |  | $ | 330.2 |  |  | $ | 389.8 |  |  | $ | 314.4 |  |  | $ | 82.0 |  |  | $ | (136.3) |  |  | $ | 980.1 |
|  | For the Nine Months Ended September 29, 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 |  | $ | 69.5 |  |  | $ | 1,206.4 |  |  | $ | 800.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,076.1 |
All other professionals |  | 712.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 712.1 |
External net sales |  | 781.6 |  |  | 1,206.4 |  |  | 800.2 |  |  | — |  |  | — |  |  | 2,788.2 |
Intersegment net sales |  | 218.0 |  |  | — |  |  | 194.3 |  |  | — |  |  | (412.3) |  |  | — |
Total net sales |  | 999.6 |  |  | 1,206.4 |  |  | 994.5 |  |  | — |  |  | (412.3) |  |  | 2,788.2 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 247.0 |  |  | — |  |  | 247.0 |
Total revenue |  | $ | 999.6 |  |  | $ | 1,206.4 |  |  | $ | 994.5 |  |  | $ | 247.0 |  |  | $ | (412.3) |  |  | $ | 3,035.2 |

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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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