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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
Dec. 29, 2018
Net sales $ 3,942.2 $ 4,067.7 $ 4,070.4
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
Income tax expense (189.1) (211.8) (214.4)
Earnings before equity earnings 646.1 710.3 695.5
Equity earnings, net of tax 0.3 0.9 0.7
Net earnings 646.4 711.2 696.2
Net earnings attributable to noncontrolling interests (19.4) (17.7) (16.3)
Net earnings attributable to Snap-on Incorporated $ 627.0 $ 693.5 $ 679.9
Net earnings per share attributable to Snap-on Incorporated:      
Basic (in dollars per share) $ 11.55 $ 12.59 $ 12.08
Diluted (in dollars per share) $ 11.44 $ 12.41 $ 11.87
Weighted-average shares outstanding:      
Basic (in shares) 54.3 55.1 56.3
Effect of dilutive securities (in shares) 0.5 0.8 1.0
Diluted (in shares) 54.8 55.9 57.3
Product And Services, Excluding Financial Services      
Net sales $ 3,592.5 $ 3,730.0 $ 3,740.7
Cost of goods sold (1,844.0) (1,886.0) (1,870.7)
Gross profit 1,748.5 1,844.0 1,870.0
Operating expenses (1,116.6) (1,127.6) (1,144.0)
Operating earnings 631.9 716.4 726.0
Financial Service      
Net sales 349.7 337.7 329.7
Cost of goods sold (101.1) (91.8) (99.6)
Operating earnings $ 248.6 $ 245.9 $ 230.1