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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Net sales $ 1,113.2 $ 938.1
Operating earnings 266.2 195.8
Interest expense (14.3) (11.4)
Other income (expense) – net 4.3 1.5
Earnings before income taxes and equity earnings 256.2 185.9
Income tax expense (59.1) (43.9)
Earnings before equity earnings 197.1 142.0
Equity earnings, net of tax 0.5 0.0
Net earnings 197.6 142.0
Net earnings attributable to noncontrolling interests (5.0) (4.8)
Net earnings attributable to Snap-on Incorporated $ 192.6 $ 137.2
Net earnings per share attributable to Snap-on Incorporated:    
Basic (in dollars per share) $ 3.55 $ 2.52
Diluted (in dollars per share) $ 3.50 $ 2.49
Weighted-average shares outstanding:    
Basic (in shares) 54,184,438 54,523,857
Effect of dilutive securities (in shares) 933,451 524,511
Diluted (in shares) 55,117,889 55,048,368
Dividends declared per common share (in dollars per share) $ 1.23 $ 1.08
Excluding Financial Services    
Net sales $ 1,024.6 $ 852.2
Cost of goods sold (511.0) (430.6)
Gross profit 513.6 421.6
Operating expenses (312.7) (282.7)
Operating earnings 200.9 138.9
Financial Service    
Net sales 88.6 85.9
Cost of goods sold (23.3) (29.0)
Operating earnings $ 65.3 $ 56.9