XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Apr. 03, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 904.6 $ 923.4
Trade and other accounts receivable – net 650.8 640.7
Finance receivables and contract receivables - net 635.4 642.7
Inventories – net 730.1 746.5
Prepaid expenses and other assets 131.6 129.7
Total current assets 3,052.5 3,083.0
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,497.0 1,499.4
Accumulated depreciation and amortization (977.9) (973.2)
Property and equipment and finance lease right-of-use asset, net 519.1 526.2
Operating lease right-of-use assets 49.9 51.9
Deferred income tax assets 49.8 50.3
Long-term finance receivables and contract receivables - net 1,492.3 1,511.0
Goodwill 1,161.8 982.4
Other intangibles – net 254.6 260.8
Other assets 93.5 91.7
Total assets 6,673.5 6,557.3
Current liabilities:    
Notes payable and current maturities of long-term debt 268.5 268.5
Accounts payable 235.9 222.9
Accrued benefits 74.5 59.7
Accrued compensation 73.3 89.9
Franchisee deposits 76.3 78.4
Other accrued liabilities 505.6 445.5
Total current liabilities 1,234.1 1,164.9
Long-term debt 1,182.3 1,182.1
Deferred income tax liabilities 74.9 70.4
Retiree health care benefits 33.8 34.5
Pension liabilities 117.6 127.1
Operating lease liabilities 32.0 34.0
Other long-term liabilities 100.9 97.7
Total liabilities 2,775.6 2,710.7
Commitments and contingencies
Shareholders’ equity attributable to Snap-on Incorporated:    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) 0.0 0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,437,885 and 67,430,958 shares, respectively) 67.4 67.4
Additional paid-in capital 419.7 391.7
Retained earnings 5,282.5 5,156.9
Accumulated other comprehensive loss (388.3) (365.8)
Treasury stock at cost (13,392,053 and 13,328,859 shares, respectively) (1,505.3) (1,425.3)
Total shareholders’ equity attributable to Snap-on Incorporated 3,876.0 3,824.9
Noncontrolling interests 21.9 21.7
Total equity 3,897.9 3,846.6
Total liabilities and equity 6,673.5 6,557.3
Land    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 33.6 34.0
Buildings and improvements    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 427.8 432.0
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,035.6 1,033.4
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 527.4 530.2
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,118.3 1,136.3
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 108.0 112.5
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 374.0 $ 374.7