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Receivables (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule of Components of Trade and Other Accounts Receivable
The components of Snap-on’s trade and other accounts receivable as of 2022 and 2021 year end are as follows:
(Amounts in millions)20222021
Trade and other accounts receivable$792.8 $709.6 
Allowances for credit losses(31.1)(27.3)
Total trade and other accounts receivable – net$761.7 $682.3 
Rollforward of Combined Allowances for Doubtful Accounts Related to Trade and Other Accounts Receivable
The following is a rollforward of the allowances for credit losses related to trade and other accounts receivable for 2022 and 2021:
(Amounts in millions)20222021
Allowances for credit losses:
Beginning of year$27.3 $26.3 
Provision for credit losses
16.3 15.5 
Charge-offs
(11.8)(13.6)
Recoveries
— — 
Currency translation
(0.7)(0.9)
End of year$31.1 $27.3 
Components of Finance and Contract Receivables, Current and Beyond One Year
The components of Snap-on’s current finance and contract receivables as of 2022 and 2021 year end are as follows:

(Amounts in millions)20222021
Finance installment receivables$578.6 $557.0 
Finance lease receivables, net of unearned finance charges of $0.5 million and $1.3 million, respectively
3.2 7.1 
Total finance receivables581.8 564.1 
Contract installment receivables51.3 55.2 
Contract lease receivables, net of unearned finance charges of $19.1 million and $18.7 million, respectively
60.3 57.3 
Total contract receivables111.6 112.5 
Total693.4 676.6 
Allowances for credit losses:
Finance installment receivables(19.5)(21.7)
Finance lease receivables(0.1)(0.1)
Total finance allowance for credit losses(19.6)(21.8)
Contract installment receivables(0.8)(0.9)
Contract lease receivables(0.9)(1.2)
Total contract allowance for credit losses(1.7)(2.1)
Total allowances for credit losses(21.3)(23.9)
Total current finance and contract receivables – net$672.1 $652.7 
Finance receivables – net$562.2 $542.3 
Contract receivables – net109.9 110.4 
Total current finance and contract receivables – net$672.1 $652.7 
The components of Snap-on’s finance and contract receivables with payment terms beyond one year as of 2022 and 2021 year end are as follows: 
(Amounts in millions)20222021
Finance installment receivables$1,210.4 $1,155.3 
Finance lease receivables, net of unearned finance charges of $0.2 million and $0.5 million, respectively
1.7 4.2 
Total finance receivables1,212.1 1,159.5 
Contract installment receivables202.1 197.1 
Contract lease receivables, net of unearned finance charges of $30.7 million and $30.3 million, respectively
186.6 187.4 
Total contract receivables388.7 384.5 
Total1,600.8 1,544.0 
Allowances for credit losses:
Finance installment receivables(41.3)(45.4)
Finance lease receivables— (0.1)
Total finance allowance for credit losses(41.3)(45.5)
Contract installment receivables(3.1)(3.2)
Contract lease receivables(1.8)(3.1)
Total contract allowance for credit losses(4.9)(6.3)
Total allowances for credit losses(46.2)(51.8)
Total long-term finance and contract receivables – net$1,554.6 $1,492.2 
Finance receivables – net$1,170.8 $1,114.0 
Contract receivables – net383.8 378.2 
Total long-term finance and contract receivables – net$1,554.6 $1,492.2 
Long-term finance and contract receivables installments, net of unearned finance charges, as of 2022 and 2021 year end are scheduled as follows: 
 20222021
(Amounts in millions)Finance
Receivables		Contract
Receivables		Finance
Receivables		Contract
Receivables
Due in Months:
13 – 24$441.6 $92.6 $428.1 $91.7 
25 – 36374.3 80.1 361.3 81.3 
37 – 48256.2 67.5 246.2 66.6 
49 – 60135.8 53.9 119.8 52.2 
Thereafter4.2 94.6 4.1 92.7 
Total$1,212.1 $388.7 $1,159.5 $384.5 
Financing Receivable Credit Quality Indicators
The amortized cost basis of finance and contract receivables by origination year as of 2022 year end is as follows: 

(Amounts in millions)20222021202020192018PriorTotal
Finance Receivables:
Delinquent$16.3 $14.9 $9.5 $4.2 $2.1 $0.9 $47.9 
Non-delinquent1,175.9 342.6 156.2 53.2 15.4 2.7 1,746.0 
Total Finance receivables$1,192.2 $357.5 $165.7 $57.4 $17.5 $3.6 $1,793.9 
Contract receivables:
Delinquent$0.7 $0.9 $1.1 $0.6 $0.2 $0.2 $3.7 
Non-delinquent177.4 118.5 84.0 56.9 32.9 26.9 496.6 
Total Contract receivables$178.1 $119.4 $85.1 $57.5 $33.1 $27.1 $500.3 
Allowance for Credit Loss Rollforward The following is a rollforward of the allowances for credit losses for finance and contract receivables for 2022 and 2021: 
 20222021
(Amounts in millions)Finance
Receivables		Contract
Receivables		Finance
Receivables		Contract
Receivables
Allowances for credit losses:
Beginning of year$67.3 $8.4 $76.3 $9.0 
Provision for credit losses37.7 0.5 32.1 0.8 
Charge-offs(52.7)(2.5)(50.9)(1.8)
Recoveries8.9 0.3 9.8 0.4 
Currency translation(0.3)(0.1)— — 
End of year$60.9 $6.6 $67.3 $8.4 
Financing Receivable, Past Due
The aging of finance and contract receivables as of 2022 and 2021 year end is as follows: 
(Amounts in millions)30-59
Days Past
Due		60-90
Days Past
Due		Greater
Than 90
Days Past
Due		Total Past
Due		Total Not Past
Due		TotalGreater
Than 90
Days Past
Due and
Accruing
2022 year end:
Finance receivables$17.2 $11.2 $19.5 $47.9 $1,746.0 $1,793.9 $16.5 
Contract receivables1.2 0.3 2.2 3.7 496.6 500.3 0.3 
2021 year end:
Finance receivables$16.0 $10.5 $18.0 $44.5 $1,679.1 $1,723.6 $16.0 
Contract receivables1.7 0.9 0.9 3.5 493.5 497.0 0.1 
Financing Receivable, Nonaccrual
The amount of finance and contract receivables on nonaccrual status as of 2022 and 2021 year end is as follows: 
(Amounts in millions)20222021
Finance receivables$8.7 $7.7 
Contract receivables3.3 2.7