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Segments (Tables)

12 Months Ended

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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