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v3.22.4

Segments (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Net Sales by Segment |
(Amounts in millions) |  | 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 1,399.2 |  |  | $ | 1,406.3 |  |  | $ | 1,234.6 |
Snap-on Tools Group |  | 2,072.0 |  |  | 1,938.6 |  |  | 1,643.9 |
Repair Systems & Information Group |  | 1,666.9 |  |  | 1,503.1 |  |  | 1,238.2 |
Segment net sales |  | 5,138.1 |  |  | 4,848.0 |  |  | 4,116.7 |
Intersegment eliminations |  | (645.3) |  |  | (596.0) |  |  | (524.2) |
Total net sales |  | 4,492.8 |  |  | 4,252.0 |  |  | 3,592.5 |
Financial Services revenue |  | 349.7 |  |  | 349.7 |  |  | 349.7 |
Total revenues |  | $ | 4,842.5 |  |  | $ | 4,601.7 |  |  | $ | 3,942.2 |
Operating earnings: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 197.6 |  |  | $ | 209.9 |  |  | $ | 153.7 |
Snap-on Tools Group |  | 458.7 |  |  | 411.1 |  |  | 267.7 |
Repair Systems & Information Group |  | 393.3 |  |  | 348.6 |  |  | 298.0 |
Financial Services |  | 266.0 |  |  | 272.0 |  |  | 248.6 |
Segment operating earnings |  | 1,315.6 |  |  | 1,241.6 |  |  | 968.0 |
Corporate |  | (108.4) |  |  | (118.1) |  |  | (87.5) |
Operating earnings |  | 1,207.2 |  |  | 1,123.5 |  |  | 880.5 |
Interest expense |  | (47.1) |  |  | (53.1) |  |  | (54.0) |
Other income (expense) – net |  | 42.5 |  |  | 16.5 |  |  | 8.7 |
Earnings before income taxes and equity earnings |  | $ | 1,202.6 |  |  | $ | 1,086.9 |  |  | $ | 835.2 |
Assets by Segment |
(Amounts in millions) |  | 2022 |  | 2021
Assets: |  |  |  |
Commercial & Industrial Group |  | $ | 1,245.8 |  |  | $ | 1,209.3 |
Snap-on Tools Group |  | 912.9 |  |  | 791.4 |
Repair Systems & Information Group |  | 1,678.1 |  |  | 1,624.3 |
Financial Services |  | 2,242.7 |  |  | 2,163.6 |
Total assets from reportable segments |  | 6,079.5 |  |  | 5,788.6 |
Corporate |  | 972.9 |  |  | 1,039.7 |
Elimination of intersegment receivables |  | (79.6) |  |  | (68.6) |
Total assets |  | $ | 6,972.8 |  |  | $ | 6,759.7 |
Capital Expenditures, Depreciation and Amortization |
(Amounts in millions) |  | 2022 |  | 2021 |  | 2020
Capital expenditures: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 26.0 |  |  | $ | 24.3 |  |  | $ | 20.3 |
Snap-on Tools Group |  | 35.0 |  |  | 27.1 |  |  | 24.2 |
Repair Systems & Information Group |  | 18.3 |  |  | 15.4 |  |  | 14.7 |
Financial Services |  | 1.1 |  |  | 0.8 |  |  | 0.8 |
Total from reportable segments |  | 80.4 |  |  | 67.6 |  |  | 60.0 |
Corporate |  | 3.8 |  |  | 2.5 |  |  | 5.6 |
Total capital expenditures |  | $ | 84.2 |  |  | $ | 70.1 |  |  | $ | 65.6 |
Depreciation and amortization: |  |  |  |  |  |
Commercial & Industrial Group |  | $ | 26.1 |  |  | $ | 28.2 |  |  | $ | 25.1 |
Snap-on Tools Group |  | 29.3 |  |  | 31.2 |  |  | 32.7 |
Repair Systems & Information Group |  | 40.1 |  |  | 40.9 |  |  | 34.6 |
Financial Services |  | 0.9 |  |  | 0.9 |  |  | 0.7 |
Total from reportable segments |  | 96.4 |  |  | 101.2 |  |  | 93.1 |
Corporate |  | 3.8 |  |  | 3.6 |  |  | 3.6 |
Total depreciation and amortization |  | $ | 100.2 |  |  | $ | 104.8 |  |  | $ | 96.7 |
Revenue and Long-Lived Assets, Geographic Regions |
Revenues by geographic region:* |  |  |  |  |  |
United States |  | $ | 3,465.4 |  |  | $ | 3,153.0 |  |  | $ | 2,772.3 |
Europe |  | 723.3 |  |  | 808.5 |  |  | 677.5 |
All other |  | 653.8 |  |  | 640.2 |  |  | 492.4 |
Total revenues |  | $ | 4,842.5 |  |  | $ | 4,601.7 |  |  | $ | 3,942.2 |
(Amounts in millions) |  | 2022 |  | 2021
Long-lived assets:** |  |  |  |
United States |  | $ | 361.9 |  |  | $ | 342.2 |
Europe |  | 161.3 |  |  | 171.2 |
All other |  | 50.9 |  |  | 56.7 |
Total long-lived assets |  | $ | 574.1 |  |  | $ | 570.1 |
* | Revenues are attributed to countries based on origin of the sale.
** | Long-lived assets consist of Property and equipment - net and Operating lease right-of-use assets.
Products and Services | The following table shows the consolidated net sales and revenues of these product groups in the last three years:
(Amounts in millions) |  | 2022 |  | 2021 |  | 2020
Net sales: |  |  |  |  |  |
Tools |  | $ | 2,399.4 |  |  | $ | 2,343.0 |  |  | $ | 1,984.7 |
Diagnostics, information and management systems |  | 942.4 |  |  | 892.5 |  |  | 783.8 |
Equipment |  | 1,151.0 |  |  | 1,016.5 |  |  | 824.0 |
Total net sales |  | 4,492.8 |  |  | 4,252.0 |  |  | 3,592.5 |
Financial services revenue |  | 349.7 |  |  | 349.7 |  |  | 349.7 |
Total revenues |  | $ | 4,842.5 |  |  | $ | 4,601.7 |  |  | $ | 3,942.2 |

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