CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Oct. 01, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 759.3	$ 780.0
Trade and other accounts receivable – net	739.0	682.3
Finance receivables and contract receivables - net	670.8	652.7
Inventories – net	955.1	803.8
Prepaid expenses and other assets	145.4	134.6
Total current assets	3,269.6	3,053.4
Property and equipment:
Property and equipment – gross	1,484.9	1,527.4
Accumulated depreciation and amortization	(994.8)	(1,009.2)
Property and equipment – net	490.1	518.2
Operating lease right-of-use assets	52.0	51.9
Deferred income tax assets	66.3	49.5
Long-term finance receivables and contract receivables - net	1,505.3	1,492.2
Goodwill	1,010.6	1,116.5
Other intangibles – net	271.3	301.7
Other assets	170.3	176.3
Total assets	6,835.5	6,759.7
Current liabilities:
Notes payable	17.7	17.4
Accounts payable	305.3	277.6
Accrued benefits	60.5	67.4
Accrued compensation	86.0	114.8
Franchisee deposits	83.3	80.7
Other accrued liabilities	440.7	424.3
Total current liabilities	993.5	982.2
Long-term debt	1,183.6	1,182.9
Deferred income tax liabilities	93.7	122.7
Retiree health care benefits	28.9	31.1
Pension liabilities	70.5	104.9
Operating lease liabilities	36.5	34.2
Other long-term liabilities	89.3	97.9
Total liabilities	2,496.0	2,555.9
Commitments and contingencies
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 67,444,910 and 67,438,129 shares, respectively)	67.4	67.4
Additional paid-in capital	493.6	472.7
Retained earnings	6,144.0	5,699.9
Accumulated other comprehensive loss	(582.3)	(343.9)
Treasury stock at cost (14,290,423 and 14,008,479 shares, respectively)	(1,805.5)	(1,714.2)
Total shareholders’ equity attributable to Snap-on Incorporated	4,317.2	4,181.9
Noncontrolling interests	22.3	21.9
Total equity	4,339.5	4,203.8
Total liabilities and equity	6,835.5	6,759.7
Land
Property and equipment:
Property and equipment – gross	31.0	33.8
Buildings and improvements
Property and equipment:
Property and equipment – gross	407.2	434.4
Machinery, equipment and computer software
Property and equipment:
Property and equipment – gross	1,046.7	1,059.2
Finance Receivables
Current assets:
Finance receivables and contract receivables - net	558.0	542.3
Property and equipment:
Long-term finance receivables and contract receivables - net	1,129.3	1,114.0
Contract Receivables
Current assets:
Finance receivables and contract receivables - net	112.8	110.4
Property and equipment:
Long-term finance receivables and contract receivables - net	$ 376.0	$ 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.