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Leases
 3 Months Ended
Apr. 03, 2021
Leases [Abstract]  
Leases Leases
Lessee Accounting: Supplemental balance sheet information related to leases as of April 3, 2021, and January 2, 2021 is as follows:
(Amounts in millions)April 3, 2021January 2, 2021
Finance leases:
Property and equipment - gross$22.9 $24.3 
Accumulated depreciation and amortization(16.9)(17.5)
Property and equipment - net$6.0 $6.8 
 Other accrued liabilities$2.6 $2.7 
 Other long-term liabilities6.5 7.4 
Total finance lease liabilities$9.1 $10.1 
Operating leases:
Operating lease right-of-use assets$49.9 $51.9 
 Other accrued liabilities$19.3 $19.3 
 Operating lease liabilities32.0 34.0 
Total operating lease liabilities$51.3 $53.3 

Lessor Accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics and equipment products and it offers financing to franchisees for vehicle leases. Sales-type leases are included in both “Finance receivables - net” and “Long-term finance receivables - net” and also in both “Contract receivables - net” and “Long-term contract receivables - net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 4 for further information on finance and contract receivables.
Leases Leases
Lessee Accounting: Supplemental balance sheet information related to leases as of April 3, 2021, and January 2, 2021 is as follows:
(Amounts in millions)April 3, 2021January 2, 2021
Finance leases:
Property and equipment - gross$22.9 $24.3 
Accumulated depreciation and amortization(16.9)(17.5)
Property and equipment - net$6.0 $6.8 
 Other accrued liabilities$2.6 $2.7 
 Other long-term liabilities6.5 7.4 
Total finance lease liabilities$9.1 $10.1 
Operating leases:
Operating lease right-of-use assets$49.9 $51.9 
 Other accrued liabilities$19.3 $19.3 
 Operating lease liabilities32.0 34.0 
Total operating lease liabilities$51.3 $53.3 

Lessor Accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics and equipment products and it offers financing to franchisees for vehicle leases. Sales-type leases are included in both “Finance receivables - net” and “Long-term finance receivables - net” and also in both “Contract receivables - net” and “Long-term contract receivables - net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 4 for further information on finance and contract receivables.
Leases Leases
Lessee Accounting: Supplemental balance sheet information related to leases as of April 3, 2021, and January 2, 2021 is as follows:
(Amounts in millions)April 3, 2021January 2, 2021
Finance leases:
Property and equipment - gross$22.9 $24.3 
Accumulated depreciation and amortization(16.9)(17.5)
Property and equipment - net$6.0 $6.8 
 Other accrued liabilities$2.6 $2.7 
 Other long-term liabilities6.5 7.4 
Total finance lease liabilities$9.1 $10.1 
Operating leases:
Operating lease right-of-use assets$49.9 $51.9 
 Other accrued liabilities$19.3 $19.3 
 Operating lease liabilities32.0 34.0 
Total operating lease liabilities$51.3 $53.3 

Lessor Accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics and equipment products and it offers financing to franchisees for vehicle leases. Sales-type leases are included in both “Finance receivables - net” and “Long-term finance receivables - net” and also in both “Contract receivables - net” and “Long-term contract receivables - net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 4 for further information on finance and contract receivables.