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Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

(Amounts in millions)						2022						2021
Revenue from contracts with customers						$	4,468.6					$	4,228.3
Other revenues						24.2						23.7
Total net sales						4,492.8						4,252.0
Financial services revenue						349.7						349.7
Total revenues						$	4,842.5					$	4,601.7

The following table represents external net sales disaggregated by geography, based on the customers’ billing addresses:

						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*						$	498.3					$	1,840.3					$	1,046.1					$	—					$	—					$	3,384.7
Europe						284.9						137.9						227.5						—						—						650.3
All other						275.1						93.8						88.9						—						—						457.8
External net sales						1,058.3						2,072.0						1,362.5						—						—						4,492.8
Intersegment net sales						340.9						—						304.4						—						(645.3)						—
Total net sales						1,399.2						2,072.0						1,666.9						—						(645.3)						4,492.8
Financial services revenue						—						—						—						349.7						—						349.7
Total revenue						$	1,399.2					$	2,072.0					$	1,666.9					$	349.7					$	(645.3)					$	4,842.5

						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*						$	494.9					$	1,680.0					$	896.1					$	—					$	—					$	3,071.0
Europe						325.5						164.7						249.7						—						—						739.9
All other						275.2						93.9						72.0						—						—						441.1
External net sales						1,095.6						1,938.6						1,217.8						—						—						4,252.0
Intersegment net sales						310.7						—						285.3						—						(596.0)						—
Total net sales						1,406.3						1,938.6						1,503.1						—						(596.0)						4,252.0
Financial services revenue						—						—						—						349.7						—						349.7
Total revenue						$	1,406.3					$	1,938.6					$	1,503.1					$	349.7					$	(596.0)					$	4,601.7

* North America is comprised of the United States, Canada and Mexico.

The following table represents external net sales disaggregated by customer type:

						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						$	90.8					$	2,072.0					$	1,362.5					$	—					$	—					$	3,525.3
All other professionals						967.5						—						—						—						—						967.5
External net sales						1,058.3						2,072.0						1,362.5						—						—						4,492.8
Intersegment net sales						340.9						—						304.4						—						(645.3)						—
Total net sales						1,399.2						2,072.0						1,666.9						—						(645.3)						4,492.8
Financial services revenue						—						—						—						349.7						—						349.7
Total revenue						$	1,399.2					$	2,072.0					$	1,666.9					$	349.7					$	(645.3)					$	4,842.5

						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						$	99.9					$	1,938.6					$	1,217.8					$	—					$	—					$	3,256.3
All other professionals						995.7						—						—						—						—						995.7
External net sales						1,095.6						1,938.6						1,217.8						—						—						4,252.0
Intersegment net sales						310.7						—						285.3						—						(596.0)						—
Total net sales						1,406.3						1,938.6						1,503.1						—						(596.0)						4,252.0
Financial services revenue						—						—						—						349.7						—						349.7
Total revenue						$	1,406.3					$	1,938.6					$	1,503.1					$	349.7					$	(596.0)					$	4,601.7

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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

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- References

No definition available.

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