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v3.20.4

Segments (Tables) | 12 Months Ended
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Jan. 02, 2021
Segment Reporting [Abstract] |
Net Sales by Segment |
(Amounts in millions) |  | 2020 |  | 2019 |  | 2018
Net sales: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 1,234.6 |  |  | $ | 1,345.7 |  |  | $ | 1,343.3 |
Snap-on Tools Group |  | 1,643.9 |  |  | 1,612.9 |  |  | 1,613.8 |
Repair Systems & Information Group |  | 1,238.2 |  |  | 1,334.5 |  |  | 1,334.4 |
Segment net sales |  | 4,116.7 |  |  | 4,293.1 |  |  | 4,291.5 |
Intersegment eliminations |  | (524.2) |  |  | (563.1) |  |  | (550.8) |
Total net sales |  | 3,592.5 |  |  | 3,730.0 |  |  | 3,740.7 |
Financial Services revenue |  | 349.7 |  |  | 337.7 |  |  | 329.7 |
Total revenues |  | $ | 3,942.2 |  |  | $ | 4,067.7 |  |  | $ | 4,070.4 |
Operating earnings: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 153.7 |  |  | $ | 188.7 |  |  | $ | 199.3 |
Snap-on Tools Group |  | 267.7 |  |  | 245.8 |  |  | 264.2 |
Repair Systems & Information Group |  | 298.0 |  |  | 342.7 |  |  | 342.6 |
Financial Services |  | 248.6 |  |  | 245.9 |  |  | 230.1 |
Segment operating earnings |  | 968.0 |  |  | 1,023.1 |  |  | 1,036.2 |
Corporate |  | (87.5) |  |  | (60.8) |  |  | (80.1) |
Operating earnings |  | 880.5 |  |  | 962.3 |  |  | 956.1 |
Interest expense |  | (54.0) |  |  | (49.0) |  |  | (50.4) |
Other income (expense) – net |  | 8.7 |  |  | 8.8 |  |  | 4.2 |
Earnings before income taxes and equity earnings |  | $ | 835.2 |  |  | $ | 922.1 |  |  | $ | 909.9 |
Assets by Segment |
(Amounts in millions) |  | 2020 |  | 2019
Assets: |  |  |  |
Commercial & Industrial Group |  | $ | 1,210.4 |  |  | $ | 1,138.8 |
Snap-on Tools Group |  | 775.3 |  |  | 827.4 |
Repair Systems & Information Group |  | 1,399.7 |  |  | 1,381.9 |
Financial Services |  | 2,170.3 |  |  | 2,104.0 |
Total assets from reportable segments |  | 5,555.7 |  |  | 5,452.1 |
Corporate |  | 1,063.2 |  |  | 303.1 |
Elimination of intersegment receivables |  | (61.6) |  |  | (61.7) |
Total assets |  | $ | 6,557.3 |  |  | $ | 5,693.5 |
Capital Expenditures, Depreciation and Amortization |
(Amounts in millions) |  | 2020 |  | 2019 |  | 2018
Capital expenditures: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 20.3 |  |  | $ | 30.1 |  |  | $ | 21.5 |
Snap-on Tools Group |  | 24.2 |  |  | 42.7 |  |  | 46.0 |
Repair Systems & Information Group |  | 14.7 |  |  | 22.7 |  |  | 19.7 |
Financial Services |  | 0.8 |  |  | 0.8 |  |  | 0.5 |
Total from reportable segments |  | 60.0 |  |  | 96.3 |  |  | 87.7 |
Corporate |  | 5.6 |  |  | 3.1 |  |  | 3.2 |
Total capital expenditures |  | $ | 65.6 |  |  | $ | 99.4 |  |  | $ | 90.9 |
Depreciation and amortization: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 25.1 |  |  | $ | 23.5 |  |  | $ | 23.6 |
Snap-on Tools Group |  | 32.7 |  |  | 31.7 |  |  | 29.9 |
Repair Systems & Information Group |  | 34.6 |  |  | 33.0 |  |  | 36.7 |
Financial Services |  | 0.7 |  |  | 0.7 |  |  | 0.8 |
Total from reportable segments |  | 93.1 |  |  | 88.9 |  |  | 91.0 |
Corporate |  | 3.6 |  |  | 3.5 |  |  | 3.1 |
Total depreciation and amortization |  | $ | 96.7 |  |  | $ | 92.4 |  |  | $ | 94.1 |
Revenue and Long-Lived Assets, Geographic Regions |
(Amounts in millions) |  | 2020 |  | 2019 |  | 2018
Revenues by geographic region:* |  |  |  |  |  |
United States |  | $ | 2,772.3 |  |  | $ | 2,794.0 |  |  | $ | 2,727.9 |
Europe |  | 677.5 |  |  | 730.3 |  |  | 784.7 |
All other |  | 492.4 |  |  | 543.4 |  |  | 557.8 |
Total revenues |  | $ | 3,942.2 |  |  | $ | 4,067.7 |  |  | $ | 4,070.4 |
(Amounts in millions) |  | 2020 |  | 2019
Long-lived assets:** |  |  |  |
United States |  | $ | 1,150.2 |  |  | $ | 1,112.3 |
Sweden |  | 248.4 |  |  | 218.7 |
All other |  | 370.8 |  |  | 348.2 |
Total long-lived assets |  | $ | 1,769.4 |  |  | $ | 1,679.2 |
* | Revenues are attributed to countries based on origin of the sale.
** | Long-lived assets consist of Property and equipment - net, Goodwill, and Other intangibles - net.
Products and Services | The following table shows the consolidated net sales and revenues of these product groups in the last three years:
(Amounts in millions) |  | 2020 |  | 2019 |  | 2018
Net sales: |  |  |  |  |  |
Tools |  | $ | 1,984.7 |  |  | $ | 2,017.5 |  |  | $ | 2,021.2 |
Diagnostics, information and management systems |  | 783.8 |  |  | 827.5 |  |  | 797.9 |
Equipment |  | 824.0 |  |  | 885.0 |  |  | 921.6 |
Total net sales |  | 3,592.5 |  |  | 3,730.0 |  |  | 3,740.7 |
Financial services revenue |  | 349.7 |  |  | 337.7 |  |  | 329.7 |
Total revenues |  | $ | 3,942.2 |  |  | $ | 4,067.7 |  |  | $ | 4,070.4 |

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