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Leases
 3 Months Ended
Apr. 02, 2022
Leases [Abstract]  
Leases Leases
Lessee Accounting: Supplemental balance sheet information related to leases as of April 2, 2022, and January 1, 2022, is as follows:

(Amounts in millions)April 2, 2022January 1, 2022
Finance leases:
Property and equipment - gross$21.2 $22.3 
Accumulated depreciation and amortization(16.9)(17.4)
Property and equipment - net$4.3 $4.9 
 Other accrued liabilities$2.3 $2.4 
 Other long-term liabilities3.7 4.5 
Total finance lease liabilities$6.0 $6.9 
Operating leases:
Operating lease right-of-use assets$50.1 $51.9 
 Other accrued liabilities$19.5 $19.6 
 Operating lease liabilities32.5 34.2 
Total operating lease liabilities$52.0 $53.8 

Lessor Accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing 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 April 2, 2022, and January 1, 2022, is as follows:

(Amounts in millions)April 2, 2022January 1, 2022
Finance leases:
Property and equipment - gross$21.2 $22.3 
Accumulated depreciation and amortization(16.9)(17.4)
Property and equipment - net$4.3 $4.9 
 Other accrued liabilities$2.3 $2.4 
 Other long-term liabilities3.7 4.5 
Total finance lease liabilities$6.0 $6.9 
Operating leases:
Operating lease right-of-use assets$50.1 $51.9 
 Other accrued liabilities$19.5 $19.6 
 Operating lease liabilities32.5 34.2 
Total operating lease liabilities$52.0 $53.8 

Lessor Accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing 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 April 2, 2022, and January 1, 2022, is as follows:

(Amounts in millions)April 2, 2022January 1, 2022
Finance leases:
Property and equipment - gross$21.2 $22.3 
Accumulated depreciation and amortization(16.9)(17.4)
Property and equipment - net$4.3 $4.9 
 Other accrued liabilities$2.3 $2.4 
 Other long-term liabilities3.7 4.5 
Total finance lease liabilities$6.0 $6.9 
Operating leases:
Operating lease right-of-use assets$50.1 $51.9 
 Other accrued liabilities$19.5 $19.6 
 Operating lease liabilities32.5 34.2 
Total operating lease liabilities$52.0 $53.8 

Lessor Accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing 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.