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Segments - (Tables) | 6 Months Ended
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Jul. 03, 2021
Segment Reporting [Abstract] |
Net Sales by Segment | Financial Data by Segment:
| Three Months Ended |  | Six Months Ended
(Amounts in millions) | July 3, 2021 |  | June 27, 2020 |  | July 3, 2021 |  | June 27, 2020
Net sales: |  |  |  |  |  |  |
Commercial & Industrial Group | $ | 350.5 |  |  | $ | 261.9 |  |  | $ | 696.2 |  |  | $ | 561.8 |
Snap-on Tools Group | 484.1 |  |  | 323.3 |  |  | 962.4 |  |  | 699.2 |
Repair Systems & Information Group | 398.6 |  |  | 245.0 |  |  | 746.2 |  |  | 559.6 |
Segment net sales | 1,233.2 |  |  | 830.2 |  |  | 2,404.8 |  |  | 1,820.6 |
Intersegment eliminations | (151.8) |  |  | (105.9) |  |  | (298.8) |  |  | (244.1) |
Total net sales | 1,081.4 |  |  | 724.3 |  |  | 2,106.0 |  |  | 1,576.5 |
Financial Services revenue | 86.9 |  |  | 84.6 |  |  | 175.5 |  |  | 170.5 |
Total revenues | $ | 1,168.3 |  |  | $ | 808.9 |  |  | $ | 2,281.5 |  |  | $ | 1,747.0 |
Operating earnings: |  |  |  |  |  |  |
Commercial & Industrial Group | $ | 55.5 |  |  | $ | 22.9 |  |  | $ | 106.2 |  |  | $ | 54.4 |
Snap-on Tools Group | 103.5 |  |  | 38.4 |  |  | 202.4 |  |  | 87.0 |
Repair Systems & Information Group | 86.7 |  |  | 50.6 |  |  | 168.1 |  |  | 127.9 |
Financial Services | 68.9 |  |  | 57.6 |  |  | 134.2 |  |  | 114.5 |
Segment operating earnings | 314.6 |  |  | 169.5 |  |  | 610.9 |  |  | 383.8 |
Corporate | (28.6) |  |  | (20.8) |  |  | (58.7) |  |  | (39.3) |
Operating earnings | 286.0 |  |  | 148.7 |  |  | 552.2 |  |  | 344.5 |
Interest expense | (14.3) |  |  | (13.4) |  |  | (28.6) |  |  | (24.8) |
Other income (expense) – net | 3.4 |  |  | 2.0 |  |  | 7.7 |  |  | 3.5 |
Earnings before income taxes and equity earnings | $ | 275.1 |  |  | $ | 137.3 |  |  | $ | 531.3 |  |  | $ | 323.2 |
Assets by Segment |
(Amounts in millions) | July 3, 2021 |  | January 2, 2021
Assets: |  |  |
Commercial & Industrial Group | $ | 1,197.5 |  |  | $ | 1,210.4 |
Snap-on Tools Group | 763.6 |  |  | 775.3 |
Repair Systems & Information Group | 1,618.6 |  |  | 1,399.7 |
Financial Services | 2,165.0 |  |  | 2,170.3 |
Total assets from reportable segments | 5,744.7 |  |  | 5,555.7 |
Corporate | 1,115.3 |  |  | 1,063.2 |
Elimination of intersegment receivables | (68.4) |  |  | (61.6) |
Total assets | $ | 6,791.6 |  |  | $ | 6,557.3 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: 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 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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