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v3.22.2

Segments - Net Sales by Segment (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 02, 2022 | Jul. 03, 2021 | Jul. 02, 2022 | Jul. 03, 2021
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | $ 1,223.0 | $ 1,168.3 | $ 2,408.5 | $ 2,281.5
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
Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 359.1 | 350.5 | 699.2 | 696.2
Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 520.6 | 484.1 | 1,032.7 | 962.4
Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 416.8 | 398.6 | 815.0 | 746.2
Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 86.4 | 86.9 | 174.1 | 175.5
Operating segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | 337.1 | 314.6 | 660.8 | 610.9
Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | (159.9) | (151.8) | (312.5) | (298.8)
Corporate |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | 25.2 | 28.6 | 55.4 | 58.7
Total net sales |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 1,136.6 | 1,081.4 | 2,234.4 | 2,106.0
Operating earnings | 246.6 | 217.1 | 469.7 | 418.0
Total net sales | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 276.1 | 274.7 | 537.3 | 545.8
Total net sales | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 520.6 | 484.1 | 1,032.7 | 962.4
Total net sales | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 339.9 | 322.6 | 664.4 | 597.8
Total net sales | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Total net sales | Operating segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 1,296.5 | 1,233.2 | 2,546.9 | 2,404.8
Total net sales | Operating segments | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 359.1 | 350.5 | 699.2 | 696.2
Operating earnings | 51.7 | 55.5 | 97.4 | 106.2
Total net sales | Operating segments | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 520.6 | 484.1 | 1,032.7 | 962.4
Operating earnings | 124.4 | 103.5 | 240.4 | 202.4
Total net sales | Operating segments | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 416.8 | 398.6 | 815.0 | 746.2
Operating earnings | 95.7 | 86.7 | 187.3 | 168.1
Total net sales | Operating segments | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Total net sales | Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | (159.9) | (151.8) | (312.5) | (298.8)
Total net sales | Intersegment eliminations | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 83.0 | 75.8 | 161.9 | 150.4
Total net sales | Intersegment eliminations | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Total net sales | Intersegment eliminations | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 76.9 | 76.0 | 150.6 | 148.4
Total net sales | Intersegment eliminations | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 86.4 | 86.9 | 174.1 | 175.5
Operating earnings | 65.3 | 68.9 | 135.7 | 134.2
Financial services revenue | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 86.4 | 86.9 | 174.1 | 175.5
Financial services revenue | Operating segments | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | 65.3 | 68.9 | 135.7 | 134.2
Financial services revenue | Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0

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