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Leases
 6 Months Ended
Jul. 03, 2021
Leases [Abstract]  
Leases Leases
Lessee Accounting: Supplemental balance sheet information related to leases as of July 3, 2021, and January 2, 2021 is as follows:
(Amounts in millions)July 3, 2021January 2, 2021
Finance leases:
Property and equipment - gross$22.9 $24.3 
Accumulated depreciation and amortization(17.2)(17.5)
Property and equipment - net$5.7 $6.8 
 Other accrued liabilities$2.6 $2.7 
 Other long-term liabilities5.7 7.4 
Total finance lease liabilities$8.3 $10.1 
Operating leases:
Operating lease right-of-use assets$52.4 $51.9 
 Other accrued liabilities$19.7 $19.3 
 Operating lease liabilities34.2 34.0 
Total operating lease liabilities$53.9 $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 July 3, 2021, and January 2, 2021 is as follows:
(Amounts in millions)July 3, 2021January 2, 2021
Finance leases:
Property and equipment - gross$22.9 $24.3 
Accumulated depreciation and amortization(17.2)(17.5)
Property and equipment - net$5.7 $6.8 
 Other accrued liabilities$2.6 $2.7 
 Other long-term liabilities5.7 7.4 
Total finance lease liabilities$8.3 $10.1 
Operating leases:
Operating lease right-of-use assets$52.4 $51.9 
 Other accrued liabilities$19.7 $19.3 
 Operating lease liabilities34.2 34.0 
Total operating lease liabilities$53.9 $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 July 3, 2021, and January 2, 2021 is as follows:
(Amounts in millions)July 3, 2021January 2, 2021
Finance leases:
Property and equipment - gross$22.9 $24.3 
Accumulated depreciation and amortization(17.2)(17.5)
Property and equipment - net$5.7 $6.8 
 Other accrued liabilities$2.6 $2.7 
 Other long-term liabilities5.7 7.4 
Total finance lease liabilities$8.3 $10.1 
Operating leases:
Operating lease right-of-use assets$52.4 $51.9 
 Other accrued liabilities$19.7 $19.3 
 Operating lease liabilities34.2 34.0 
Total operating lease liabilities$53.9 $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.