XML 107 R96.htm IDEA: XBRL DOCUMENT
v3.20.2

Segments - Net Sales by Segment (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 26, 2020 | Sep. 28, 2019 | Sep. 26, 2020 | Sep. 28, 2019
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | $ 1,027.4 | $ 985.9 | $ 2,774.4 | $ 3,028.6
Operating earnings | 251.3 | 228.7 | 595.8 | 728.7
Interest expense | (13.8) | (12.0) | (38.6) | (36.9)
Other income (expense) – net | 2.8 | 2.8 | 6.3 | 6.4
Earnings before income taxes and equity earnings | 240.3 | 219.5 | 563.5 | 698.2
Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 308.4 | 335.3 | 870.2 | 992.8
Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 449.8 | 385.2 | 1,149.0 | 1,201.2
Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 317.5 | 322.7 | 877.1 | 999.5
Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 85.8 | 84.1 | 256.3 | 253.8
Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 1,075.7 | 1,043.2 | 2,896.3 | 3,193.5
Operating earnings | 275.9 | 245.6 | 659.7 | 774.4
Operating Segments | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 308.4 | 335.3 | 870.2 | 992.8
Operating earnings | 43.1 | 48.3 | 97.5 | 143.7
Operating Segments | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 449.8 | 385.2 | 1,149.0 | 1,201.2
Operating earnings | 87.1 | 53.0 | 174.1 | 191.5
Operating Segments | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 317.5 | 322.7 | 877.1 | 999.5
Operating earnings | 80.1 | 83.3 | 208.0 | 255.5
Operating Segments | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | 65.6 | 61.0 | 180.1 | 183.7
Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | (134.1) | (141.4) | (378.2) | (418.7)
Corporate |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | (24.6) | (16.9) | (63.9) | (45.7)
Excluding Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 941.6 | 901.8 | 2,518.1 | 2,774.8
Operating earnings | 185.7 | 167.7 | 415.7 | 545.0
Excluding Financial Services | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 235.7 | 257.0 | 667.2 | 769.5
Excluding Financial Services | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 449.8 | 385.2 | 1,149.0 | 1,201.2
Excluding Financial Services | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 256.1 | 259.6 | 701.9 | 804.1
Excluding Financial Services | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Excluding Financial Services | Operating Segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 941.6 | 901.8 | 2,518.1 | 2,774.8
Excluding Financial Services | Operating Segments | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 308.4 | 335.3 | 870.2 | 992.8
Excluding Financial Services | Operating Segments | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 449.8 | 385.2 | 1,149.0 | 1,201.2
Excluding Financial Services | Operating Segments | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 317.5 | 322.7 | 877.1 | 999.5
Excluding Financial Services | Operating Segments | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Excluding Financial Services | Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | (134.1) | (141.4) | (378.2) | (418.7)
Excluding Financial Services | Intersegment eliminations | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 72.7 | 78.3 | 203.0 | 223.3
Excluding Financial Services | Intersegment eliminations | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Excluding Financial Services | Intersegment eliminations | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 61.4 | 63.1 | 175.2 | 195.4
Excluding Financial Services | Intersegment eliminations | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial Service |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 85.8 | 84.1 | 256.3 | 253.8
Operating earnings | 65.6 | 61.0 | 180.1 | 183.7
Financial Service | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial Service | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial Service | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial Service | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 85.8 | 84.1 | 256.3 | 253.8
Financial Service | Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0

X
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28555-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (210.5-03(11)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net result for the period of deducting operating expenses from operating revenues. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 + Details
Name: | us-gaap_OperatingIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of income (expense) related to nonoperating activities, classified as other. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_OtherNonoperatingIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 28 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(g)(1)(ii)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-05(b)(2)) -URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_Revenues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=sna_CommercialAndIndustrialGroupMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=sna_ToolsGroupMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=sna_RepairSystemsAndInformationGroupMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=sna_FinancialServicesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=sna_ProductAndServicesExcludingFinancialServicesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ProductOrServiceAxis=us-gaap_FinancialServiceMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |