CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Apr. 02, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 861.1	$ 780.0
Trade and other accounts receivable – net	731.3	682.3
Finance receivables and contract receivables - net	644.8	652.7
Inventories – net	864.1	803.8
Prepaid expenses and other assets	134.7	134.6
Total current assets	3,236.0	3,053.4
Property and equipment:
Property and equipment – gross	1,528.8	1,527.4
Accumulated depreciation and amortization	(1,015.7)	(1,009.2)
Property and equipment – net	513.1	518.2
Operating lease right-of-use assets	50.1	51.9
Deferred income tax assets	69.3	49.5
Long-term finance receivables and contract receivables - net	1,476.8	1,492.2
Goodwill	1,077.8	1,116.5
Other intangibles – net	295.5	301.7
Other assets	176.6	176.3
Total assets	6,895.2	6,759.7
Current liabilities:
Notes payable	19.6	17.4
Accounts payable	297.3	277.6
Accrued benefits	73.1	67.4
Accrued compensation	74.8	114.8
Franchisee deposits	74.8	80.7
Other accrued liabilities	484.5	424.3
Total current liabilities	1,024.1	982.2
Long-term debt	1,183.2	1,182.9
Deferred income tax liabilities	112.9	122.7
Retiree health care benefits	30.4	31.1
Pension liabilities	96.4	104.9
Operating lease liabilities	32.5	34.2
Other long-term liabilities	95.1	97.9
Total liabilities	2,574.6	2,555.9
Commitments and contingencies (Note 15)
Shareholders’ equity attributable to Snap-on Incorporated:
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding)	0.0	0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,444,714 and 67,438,129 shares, respectively)	67.4	67.4
Additional paid-in capital	474.7	472.7
Retained earnings	5,841.0	5,699.9
Accumulated other comprehensive loss	(350.6)	(343.9)
Treasury stock at cost (14,073,448 and 14,008,479 shares, respectively)	(1,734.2)	(1,714.2)
Total shareholders’ equity attributable to Snap-on Incorporated	4,298.3	4,181.9
Noncontrolling interests	22.3	21.9
Total equity	4,320.6	4,203.8
Total liabilities and equity	6,895.2	6,759.7
Land
Property and equipment:
Property and equipment – gross	33.3	33.8
Buildings and improvements
Property and equipment:
Property and equipment – gross	427.9	434.4
Machinery, equipment and computer software
Property and equipment:
Property and equipment – gross	1,067.6	1,059.2
Finance Receivables
Current assets:
Finance receivables and contract receivables - net	542.7	542.3
Property and equipment:
Long-term finance receivables and contract receivables - net	1,099.2	1,114.0
Contract Receivables
Current assets:
Finance receivables and contract receivables - net	102.1	110.4
Property and equipment:
Long-term finance receivables and contract receivables - net	$ 377.6	$ 378.2

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.