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v3.22.2.2

Revenue Recognition - (Tables) | 9 Months Ended
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Oct. 01, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table shows the consolidated revenues by revenue source:
| Three Months Ended |  | Nine Months Ended
(Amounts in millions) | October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Revenue from contracts with customers | $ | 1,096.3 |  |  | $ | 1,031.6 |  |  | $ | 3,318.7 |  |  | $ | 3,125.7 |
Other revenues | 6.2 |  |  | 6.1 |  |  | 18.2 |  |  | 18.0 |
Total net sales | 1,102.5 |  |  | 1,037.7 |  |  | 3,336.9 |  |  | 3,143.7 |
Financial services revenue | 87.3 |  |  | 87.3 |  |  | 261.4 |  |  | 262.8 |
Total revenues | $ | 1,189.8 |  |  | $ | 1,125.0 |  |  | $ | 3,598.3 |  |  | $ | 3,406.5 |
The following tables represent external net sales disaggregated by geography, based on the customers’ billing addresses:
|  | For the Three Months Ended October 1, 2022
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 128.2 |  |  | $ | 440.6 |  |  | $ | 268.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 837.6 |
Europe |  | 62.0 |  |  | 29.8 |  |  | 51.9 |  |  | — |  |  | — |  |  | 143.7 |
All other |  | 72.6 |  |  | 26.2 |  |  | 22.4 |  |  | — |  |  | — |  |  | 121.2 |
External net sales |  | 262.8 |  |  | 496.6 |  |  | 343.1 |  |  | — |  |  | — |  |  | 1,102.5 |
Intersegment net sales |  | 94.0 |  |  | — |  |  | 70.9 |  |  | — |  |  | (164.9) |  |  | — |
Total net sales |  | 356.8 |  |  | 496.6 |  |  | 414.0 |  |  | — |  |  | (164.9) |  |  | 1,102.5 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 87.3 |  |  | — |  |  | 87.3 |
Total revenue |  | $ | 356.8 |  |  | $ | 496.6 |  |  | $ | 414.0 |  |  | $ | 87.3 |  |  | $ | (164.9) |  |  | $ | 1,189.8 |
|  | For the Nine Months Ended October 1, 2022
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 370.6 |  |  | $ | 1,348.7 |  |  | $ | 766.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,485.6 |
Europe |  | 216.9 |  |  | 106.3 |  |  | 174.2 |  |  | — |  |  | — |  |  | 497.4 |
All other |  | 212.6 |  |  | 74.3 |  |  | 67.0 |  |  | — |  |  | — |  |  | 353.9 |
External net sales |  | 800.1 |  |  | 1,529.3 |  |  | 1,007.5 |  |  | — |  |  | — |  |  | 3,336.9 |
Intersegment net sales |  | 255.9 |  |  | — |  |  | 221.5 |  |  | — |  |  | (477.4) |  |  | — |
Total net sales |  | 1,056.0 |  |  | 1,529.3 |  |  | 1,229.0 |  |  | — |  |  | (477.4) |  |  | 3,336.9 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 261.4 |  |  | — |  |  | 261.4 |
Total revenue |  | $ | 1,056.0 |  |  | $ | 1,529.3 |  |  | $ | 1,229.0 |  |  | $ | 261.4 |  |  | $ | (477.4) |  |  | $ | 3,598.3 |
* North America is comprised of the United States, Canada and Mexico. |  |  |  |  |  |  |  |
|  | For the Three Months Ended October 2, 2021
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 128.3 |  |  | $ | 407.4 |  |  | $ | 217.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 753.2 |
Europe |  | 76.9 |  |  | 40.3 |  |  | 58.7 |  |  | — |  |  | — |  |  | 175.9 |
All other |  | 66.5 |  |  | 23.7 |  |  | 18.4 |  |  | — |  |  | — |  |  | 108.6 |
External net sales |  | 271.7 |  |  | 471.4 |  |  | 294.6 |  |  | — |  |  | — |  |  | 1,037.7 |
Intersegment net sales |  | 79.7 |  |  | — |  |  | 69.8 |  |  | — |  |  | (149.5) |  |  | — |
Total net sales |  | 351.4 |  |  | 471.4 |  |  | 364.4 |  |  | — |  |  | (149.5) |  |  | 1,037.7 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 87.3 |  |  | — |  |  | 87.3 |
Total revenue |  | $ | 351.4 |  |  | $ | 471.4 |  |  | $ | 364.4 |  |  | $ | 87.3 |  |  | $ | (149.5) |  |  | $ | 1,125.0 |
|  | For the Nine Months Ended October 2, 2021
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
North America* |  | $ | 372.9 |  |  | $ | 1,231.8 |  |  | $ | 655.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,259.9 |
Europe |  | 240.4 |  |  | 128.3 |  |  | 185.8 |  |  | — |  |  | — |  |  | 554.5 |
All other |  | 204.2 |  |  | 73.7 |  |  | 51.4 |  |  | — |  |  | — |  |  | 329.3 |
External net sales |  | 817.5 |  |  | 1,433.8 |  |  | 892.4 |  |  | — |  |  | — |  |  | 3,143.7 |
Intersegment net sales |  | 230.1 |  |  | — |  |  | 218.2 |  |  | — |  |  | (448.3) |  |  | — |
Total net sales |  | 1,047.6 |  |  | 1,433.8 |  |  | 1,110.6 |  |  | — |  |  | (448.3) |  |  | 3,143.7 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 262.8 |  |  | — |  |  | 262.8 |
Total revenue |  | $ | 1,047.6 |  |  | $ | 1,433.8 |  |  | $ | 1,110.6 |  |  | $ | 262.8 |  |  | $ | (448.3) |  |  | $ | 3,406.5 |
* North America is comprised of the United States, Canada and Mexico. |  |  |  |  |  |  |  |
The following tables represent external net sales disaggregated by customer type:
|  | For the Three Months Ended October 1, 2022
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Vehicle service professionals |  | $ | 20.8 |  |  | $ | 496.6 |  |  | $ | 343.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 860.5 |
All other professionals |  | 242.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 242.0 |
External net sales |  | 262.8 |  |  | 496.6 |  |  | 343.1 |  |  | — |  |  | — |  |  | 1,102.5 |
Intersegment net sales |  | 94.0 |  |  | — |  |  | 70.9 |  |  | — |  |  | (164.9) |  |  | — |
Total net sales |  | 356.8 |  |  | 496.6 |  |  | 414.0 |  |  | — |  |  | (164.9) |  |  | 1,102.5 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 87.3 |  |  | — |  |  | 87.3 |
Total revenue |  | $ | 356.8 |  |  | $ | 496.6 |  |  | $ | 414.0 |  |  | $ | 87.3 |  |  | $ | (164.9) |  |  | $ | 1,189.8 |
|  | For the Nine Months Ended October 1, 2022
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Vehicle service professionals |  | $ | 69.9 |  |  | $ | 1,529.3 |  |  | $ | 1,007.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,606.7 |
All other professionals |  | 730.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 730.2 |
External net sales |  | 800.1 |  |  | 1,529.3 |  |  | 1,007.5 |  |  | — |  |  | — |  |  | 3,336.9 |
Intersegment net sales |  | 255.9 |  |  | — |  |  | 221.5 |  |  | — |  |  | (477.4) |  |  | — |
Total net sales |  | 1,056.0 |  |  | 1,529.3 |  |  | 1,229.0 |  |  | — |  |  | (477.4) |  |  | 3,336.9 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 261.4 |  |  | — |  |  | 261.4 |
Total revenue |  | $ | 1,056.0 |  |  | $ | 1,529.3 |  |  | $ | 1,229.0 |  |  | $ | 261.4 |  |  | $ | (477.4) |  |  | $ | 3,598.3 |
|  | For the Three Months Ended October 2, 2021
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Vehicle service professionals |  | $ | 24.3 |  |  | $ | 471.4 |  |  | $ | 294.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 790.3 |
All other professionals |  | 247.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 247.4 |
External net sales |  | 271.7 |  |  | 471.4 |  |  | 294.6 |  |  | — |  |  | — |  |  | 1,037.7 |
Intersegment net sales |  | 79.7 |  |  | — |  |  | 69.8 |  |  | — |  |  | (149.5) |  |  | — |
Total net sales |  | 351.4 |  |  | 471.4 |  |  | 364.4 |  |  | — |  |  | (149.5) |  |  | 1,037.7 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 87.3 |  |  | — |  |  | 87.3 |
Total revenue |  | $ | 351.4 |  |  | $ | 471.4 |  |  | $ | 364.4 |  |  | $ | 87.3 |  |  | $ | (149.5) |  |  | $ | 1,125.0 |
|  | For the Nine Months Ended October 2, 2021
|  | Commercial |  | Snap-on |  | Repair Systems |  |  |  |  |  |
|  | & Industrial |  | Tools |  | & Information |  | Financial |  |  |  | Snap-on
(Amounts in millions) |  | Group |  | Group |  | Group |  | Services |  | Eliminations |  | Incorporated
Net sales: |  |  |  |  |  |  |  |  |  |  |  |
Vehicle service professionals |  | $ | 74.1 |  |  | $ | 1,433.8 |  |  | $ | 892.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,400.3 |
All other professionals |  | 743.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 743.4 |
External net sales |  | 817.5 |  |  | 1,433.8 |  |  | 892.4 |  |  | — |  |  | — |  |  | 3,143.7 |
Intersegment net sales |  | 230.1 |  |  | — |  |  | 218.2 |  |  | — |  |  | (448.3) |  |  | — |
Total net sales |  | 1,047.6 |  |  | 1,433.8 |  |  | 1,110.6 |  |  | — |  |  | (448.3) |  |  | 3,143.7 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 262.8 |  |  | — |  |  | 262.8 |
Total revenue |  | $ | 1,047.6 |  |  | $ | 1,433.8 |  |  | $ | 1,110.6 |  |  | $ | 262.8 |  |  | $ | (448.3) |  |  | $ | 3,406.5 |

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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