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Leases | 9 Months Ended
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Oct. 02, 2021
Leases [Abstract] |
Leases | Leases Lessee Accounting: Supplemental balance sheet information related to leases as of October 2, 2021, and January 2, 2021 is as follows:
(Amounts in millions) | October 2, 2021 |  | January 2, 2021
Finance leases: |  |  |
Property and equipment - gross | $ | 22.8 |  |  | $ | 24.3 |
Accumulated depreciation and amortization | (17.4) |  |  | (17.5) |
Property and equipment - net | $ | 5.4 |  |  | $ | 6.8 |
Other accrued liabilities | $ | 2.4 |  |  | $ | 2.7 |
Other long-term liabilities | 5.2 |  |  | 7.4 |
Total finance lease liabilities | $ | 7.6 |  |  | $ | 10.1 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 52.9 |  |  | $ | 51.9 |
Other accrued liabilities | $ | 19.6 |  |  | $ | 19.3 |
Operating lease liabilities | 35.0 |  |  | 34.0 |
Total operating lease liabilities | $ | 54.6 |  |  | $ | 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 October 2, 2021, and January 2, 2021 is as follows:
(Amounts in millions) | October 2, 2021 |  | January 2, 2021
Finance leases: |  |  |
Property and equipment - gross | $ | 22.8 |  |  | $ | 24.3 |
Accumulated depreciation and amortization | (17.4) |  |  | (17.5) |
Property and equipment - net | $ | 5.4 |  |  | $ | 6.8 |
Other accrued liabilities | $ | 2.4 |  |  | $ | 2.7 |
Other long-term liabilities | 5.2 |  |  | 7.4 |
Total finance lease liabilities | $ | 7.6 |  |  | $ | 10.1 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 52.9 |  |  | $ | 51.9 |
Other accrued liabilities | $ | 19.6 |  |  | $ | 19.3 |
Operating lease liabilities | 35.0 |  |  | 34.0 |
Total operating lease liabilities | $ | 54.6 |  |  | $ | 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 October 2, 2021, and January 2, 2021 is as follows:
(Amounts in millions) | October 2, 2021 |  | January 2, 2021
Finance leases: |  |  |
Property and equipment - gross | $ | 22.8 |  |  | $ | 24.3 |
Accumulated depreciation and amortization | (17.4) |  |  | (17.5) |
Property and equipment - net | $ | 5.4 |  |  | $ | 6.8 |
Other accrued liabilities | $ | 2.4 |  |  | $ | 2.7 |
Other long-term liabilities | 5.2 |  |  | 7.4 |
Total finance lease liabilities | $ | 7.6 |  |  | $ | 10.1 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 52.9 |  |  | $ | 51.9 |
Other accrued liabilities | $ | 19.6 |  |  | $ | 19.3 |
Operating lease liabilities | 35.0 |  |  | 34.0 |
Total operating lease liabilities | $ | 54.6 |  |  | $ | 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.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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