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Goodwill and Other Intangible Assets - (Tables)

3 Months Ended

Apr. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment for the three months ended April 3, 2021, are as follows:

(Amounts in millions)			Commercial & Industrial Group						Snap-on Tools Group						Repair Systems & Information Group						Total
Balance as of January 2, 2021			$	331.2					$	12.4					$	638.8					$	982.4
Currency translation			(10.8)						—						(5.0)						(15.8)
Acquisitions and related adjustments			—						—						195.2						195.2
Balance as of April 3, 2021			$	320.4					$	12.4					$	829.0					$	1,161.8

Other Intangible Assets by Major Class

Additional disclosures related to other intangible assets are as follows:

			April 3, 2021												January 2, 2021
(Amounts in millions)			Gross Carrying Value						Accumulated Amortization						Gross Carrying Value						Accumulated Amortization
Amortized other intangible assets:
Customer relationships			$	190.8					$	(132.8)					$	191.5					$	(130.1)
Developed technology			21.9						(20.3)						21.8						(19.9)
Internally developed software			174.3						(130.5)						172.2						(128.0)
Patents			43.4						(25.1)						43.2						(25.3)
Trademarks			3.8						(2.3)						3.9						(2.4)
Other			8.1						(3.9)						8.2						(3.9)
Total			442.3						(314.9)						440.8						(309.6)
Non-amortized trademarks			127.2						—						129.6						—
Total other intangible assets			$	569.5					$	(314.9)					$	570.4					$	(309.6)

Weighted-Average Amortization Period by Major Class

The weighted-average amortization periods related to other intangible assets are as follows:

			In Years
Customer relationships			15
Developed technology			3
Internally developed software			6
Patents			7
Trademarks			5
Other			39

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Schedule of finite-lived intangible assets by amortization period.

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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