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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

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-Name Accounting Standards Codification
-Topic 280
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- 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

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