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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 28, 2019
Dec. 29, 2018
Current assets:    
Cash and cash equivalents $ 167.5 $ 140.9
Trade and other accounts receivable – net 684.8 692.6
Finance receivables – net 533.5 518.5
Contract receivables – net 102.7 98.3
Inventories – net 753.5 673.8
Prepaid expenses and other assets 105.9 92.8
Total current assets 2,347.9 2,216.9
Property and equipment:    
Land 31.4 31.7
Buildings and improvements 392.6 368.6
Machinery, equipment and computer software 977.5 944.4
Total property and equipment 1,401.5 1,344.7
Accumulated depreciation and amortization (889.7) (849.6)
Property and equipment – net 511.8 495.1
Operating lease right-of-use assets 52.4  
Deferred income tax assets 54.4 64.7
Long-term finance receivables – net 1,084.7 1,074.4
Long-term contract receivables – net 348.6 344.9
Goodwill 920.1 902.2
Other intangibles – net 225.2 232.9
Other assets 51.3 42.0
Total assets 5,596.4 5,373.1
Current liabilities:    
Notes payable 232.3 186.3
Accounts payable 205.8 201.1
Accrued benefits 46.8 52.0
Accrued compensation 66.1 71.5
Franchisee deposits 76.8 67.5
Other accrued liabilities 362.3 373.6
Total current liabilities 990.1 952.0
Long-term debt 947.5 946.0
Deferred income tax liabilities 45.8 41.4
Retiree health care benefits 29.9 31.8
Pension liabilities 115.3 171.3
Operating lease liabilities 34.3  
Other long-term liabilities 108.3 112.0
Total liabilities 2,271.2 2,254.5
Commitments and contingencies (Note 14)
Shareholders’ equity attributable to Snap-on Incorporated:    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) 0.0 0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,423,030 and 67,415,091 shares, respectively) 67.4 67.4
Additional paid-in capital 374.5 359.4
Retained earnings 4,668.3 4,257.6
Accumulated other comprehensive loss (543.9) (462.2)
Treasury stock at cost (12,576,741 and 11,804,310 shares, respectively) (1,262.5) (1,123.4)
Total shareholders’ equity attributable to Snap-on Incorporated 3,303.8 3,098.8
Noncontrolling interests 21.4 19.8
Total equity 3,325.2 3,118.6
Total liabilities and equity $ 5,596.4 $ 5,373.1