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Segments (Tables)

12 Months Ended

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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