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Revenue Recognition (Tables)

12 Months Ended

Dec. 28, 2019

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

(Amounts in millions)						2019						2018
Revenue from contracts with customers						$	3,708.3					$	3,719.6
Other revenues						21.7						21.1
Total net sales						3,730.0						3,740.7
Financial services revenue						337.7						329.7
Total revenues						$	4,067.7					$	4,070.4

The following table represents external net sales disaggregated by geography, based on the customers’ billing addresses:

						2019
						Commercial &						Snap-on						Repair Systems
						Industrial						Tools						& Information						Financial												Snap-on
(Amounts in millions)						Group						Group						Group						Services						Eliminations						Incorporated
Net sales:
North America*						$	482.1					$	1,406.1					$	766.4					$	—					$	—					$	2,654.6
Europe						291.7						131.9						241.3						—						—						664.9
All other						264.4						74.9						71.2						—						—						410.5
External net sales						1,038.2						1,612.9						1,078.9						—						—						3,730.0
Intersegment net sales						307.5						—						255.6						—						(563.1)						—
Total net sales						1,345.7						1,612.9						1,334.5						—						(563.1)						3,730.0
Financial services revenue						—						—						—						337.7						—						337.7
Total revenue						$	1,345.7					$	1,612.9					$	1,334.5					$	337.7					$	(563.1)					$	4,067.7

						2018
						Commercial &						Snap-on						Repair Systems
						Industrial						Tools						& Information						Financial												Snap-on
(Amounts in millions)						Group						Group						Group						Services						Eliminations						Incorporated
Net sales:
North America*						$	466.5					$	1,378.7					$	747.1					$	—					$	—					$	2,592.3
Europe						311.9						151.3						255.2						—						—						718.4
All other						273.2						83.8						73.0						—						—						430.0
External net sales						1,051.6						1,613.8						1,075.3						—						—						3,740.7
Intersegment net sales						291.7						—						259.1						—						(550.8)						—
Total net sales						1,343.3						1,613.8						1,334.4						—						(550.8)						3,740.7
Financial services revenue						—						—						—						329.7						—						329.7
Total revenue						$	1,343.3					$	1,613.8					$	1,334.4					$	329.7					$	(550.8)					$	4,070.4

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

The following table represents external net sales disaggregated by customer type:

						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						$	85.5					$	1,612.9					$	1,078.9					$	—					$	—					$	2,777.3
All other professionals						952.7						—						—						—						—						952.7
External net sales						1,038.2						1,612.9						1,078.9						—						—						3,730.0
Intersegment net sales						307.5						—						255.6						—						(563.1)						—
Total net sales						1,345.7						1,612.9						1,334.5						—						(563.1)						3,730.0
Financial services revenue						—						—						—						337.7						—						337.7
Total revenue						$	1,345.7					$	1,612.9					$	1,334.5					$	337.7					$	(563.1)					$	4,067.7

						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						$	91.1					$	1,613.8					$	1,075.3					$	—					$	—					$	2,780.2
All other professionals						960.5						—						—						—						—						960.5
External net sales						1,051.6						1,613.8						1,075.3						—						—						3,740.7
Intersegment net sales						291.7						—						259.1						—						(550.8)						—
Total net sales						1,343.3						1,613.8						1,334.4						—						(550.8)						3,740.7
Financial services revenue						—						—						—						329.7						—						329.7
Total revenue						$	1,343.3					$	1,613.8					$	1,334.4					$	329.7					$	(550.8)					$	4,070.4

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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

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- References

No definition available.

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