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Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Oct. 02, 2021
Sep. 26, 2020
Net sales $ 1,125.0 $ 1,027.4 $ 3,406.5 $ 2,774.4
Operating earnings 271.9 251.3 824.1 595.8
Interest expense (13.2) (13.8) (41.8) (38.6)
Other income (expense) – net 3.7 2.8 11.4 6.3
Earnings before income taxes and equity earnings 262.4 240.3 793.7 563.5
Income tax expense (60.9) (55.1) (182.9) (130.9)
Earnings before equity earnings 201.5 185.2 610.8 432.6
Equity earnings (loss), net of tax 0.0 (0.5) 1.5 0.0
Net earnings 201.5 184.7 612.3 432.6
Net earnings attributable to noncontrolling interests (5.3) (5.0) (15.5) (14.5)
Net earnings attributable to Snap-on Incorporated $ 196.2 $ 179.7 $ 596.8 $ 418.1
Net earnings per share attributable to Snap-on Incorporated:        
Basic (in dollars per share) $ 3.65 $ 3.31 $ 11.05 $ 7.69
Diluted (in dollars per share) $ 3.57 $ 3.28 $ 10.83 $ 7.62
Weighted-average shares outstanding:        
Basic (in shares) 53.8 54.3 54.0 54.4
Effect of dilutive securities (in shares) 1.1 0.5 1.1 0.5
Diluted (in shares) 54.9 54.8 55.1 54.9
Dividends declared per common share (in dollars per share) $ 1.23 $ 1.08 $ 3.69 $ 3.24
Excluding Financial Services        
Net sales $ 1,037.7 $ 941.6 $ 3,143.7 $ 2,518.1
Cost of goods sold (517.0) (472.1) (1,566.3) (1,285.8)
Gross profit 520.7 469.5 1,577.4 1,232.3
Operating expenses (319.4) (283.8) (958.1) (816.6)
Operating earnings 201.3 185.7 619.3 415.7
Financial Service        
Net sales 87.3 85.8 262.8 256.3
Cost of goods sold (16.7) (20.2) (58.0) (76.2)
Operating earnings $ 70.6 $ 65.6 $ 204.8 $ 180.1