XML 54 R44.htm IDEA: XBRL DOCUMENT
v3.22.2

Segments - (Tables) | 6 Months Ended
--- | ---
Jul. 02, 2022
Segment Reporting [Abstract] |
Net Sales by Segment | Financial Data by Segment:
| Three Months Ended |  | Six Months Ended
(Amounts in millions) | July 2, 2022 |  | July 3, 2021 |  | July 2, 2022 |  | July 3, 2021
Net sales: |  |  |  |  |  |  |
Commercial & Industrial Group | $ | 359.1 |  |  | $ | 350.5 |  |  | $ | 699.2 |  |  | $ | 696.2 |
Snap-on Tools Group | 520.6 |  |  | 484.1 |  |  | 1,032.7 |  |  | 962.4 |
Repair Systems & Information Group | 416.8 |  |  | 398.6 |  |  | 815.0 |  |  | 746.2 |
Segment net sales | 1,296.5 |  |  | 1,233.2 |  |  | 2,546.9 |  |  | 2,404.8 |
Intersegment eliminations | (159.9) |  |  | (151.8) |  |  | (312.5) |  |  | (298.8) |
Total net sales | 1,136.6 |  |  | 1,081.4 |  |  | 2,234.4 |  |  | 2,106.0 |
Financial Services revenue | 86.4 |  |  | 86.9 |  |  | 174.1 |  |  | 175.5 |
Total revenues | $ | 1,223.0 |  |  | $ | 1,168.3 |  |  | $ | 2,408.5 |  |  | $ | 2,281.5 |
Operating earnings: |  |  |  |  |  |  |
Commercial & Industrial Group | $ | 51.7 |  |  | $ | 55.5 |  |  | $ | 97.4 |  |  | $ | 106.2 |
Snap-on Tools Group | 124.4 |  |  | 103.5 |  |  | 240.4 |  |  | 202.4 |
Repair Systems & Information Group | 95.7 |  |  | 86.7 |  |  | 187.3 |  |  | 168.1 |
Financial Services | 65.3 |  |  | 68.9 |  |  | 135.7 |  |  | 134.2 |
Segment operating earnings | 337.1 |  |  | 314.6 |  |  | 660.8 |  |  | 610.9 |
Corporate | (25.2) |  |  | (28.6) |  |  | (55.4) |  |  | (58.7) |
Operating earnings | 311.9 |  |  | 286.0 |  |  | 605.4 |  |  | 552.2 |
Interest expense | (11.7) |  |  | (14.3) |  |  | (23.3) |  |  | (28.6) |
Other income (expense) – net | 9.3 |  |  | 3.4 |  |  | 17.6 |  |  | 7.7 |
Earnings before income taxes and equity earnings | $ | 309.5 |  |  | $ | 275.1 |  |  | $ | 599.7 |  |  | $ | 531.3 |
Assets by Segment |
(Amounts in millions) | July 2, 2022 |  | January 1, 2022
Assets: |  |  |
Commercial & Industrial Group | $ | 1,204.6 |  |  | $ | 1,209.3 |
Snap-on Tools Group | 842.3 |  |  | 791.4 |
Repair Systems & Information Group | 1,630.1 |  |  | 1,624.3 |
Financial Services | 2,164.3 |  |  | 2,163.6 |
Total assets from reportable segments | 5,841.3 |  |  | 5,788.6 |
Corporate | 1,107.8 |  |  | 1,039.7 |
Elimination of intersegment receivables | (84.8) |  |  | (68.6) |
Total assets | $ | 6,864.3 |  |  | $ | 6,759.7 |

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration