Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Jan. 01, 2022
Current assets:
Cash and cash equivalents	$ 757.2	$ 780.0
Trade and other accounts receivable – net	761.7	682.3
Finance and contract receivables, current, net	672.1	652.7
Inventories – net	1,033.1	803.8
Prepaid expenses and other assets	144.8	134.6
Total current assets	3,368.9	3,053.4
Property and equipment – net	512.6	518.2
Operating lease right-of-use assets	61.5	51.9
Deferred income tax assets	70.0	49.5
Finance an contract receivable, net, non-current	1,554.6	1,492.2
Goodwill	1,045.3	1,116.5
Other intangibles – net	275.6	301.7
Pension assets	70.6	160.7
Other assets	13.7	15.6
Total assets	6,972.8	6,759.7
Current liabilities:
Notes payable	17.2	17.4
Accounts payable	287.0	277.6
Accrued benefits	58.6	67.4
Accrued compensation	98.6	114.8
Franchisee deposits	73.8	80.7
Other accrued liabilities	436.4	424.3
Total current liabilities	971.6	982.2
Long-term debt	1,183.8	1,182.9
Deferred income tax liabilities	82.1	122.7
Retiree health care benefits	23.4	31.1
Pension liabilities	78.6	104.9
Operating lease liabilities	44.7	34.2
Other long-term liabilities	85.1	97.9
Total liabilities	2,469.3	2,555.9
Commitments and contingencies (Note 16)
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 67,444,966 and 67,438,129 shares, respectively)	67.4	67.4
Additional paid-in capital	499.9	472.7
Retained earnings	6,296.2	5,699.9
Accumulated other comprehensive loss	(528.3)	(343.9)
Treasury stock at cost (14,442,386 and 14,008,479 shares, respectively)	(1,853.9)	(1,714.2)
Total shareholders’ equity attributable to Snap-on Incorporated	4,481.3	4,181.9
Noncontrolling interests	22.2	21.9
Total equity	4,503.5	4,203.8
Total liabilities and equity	6,972.8	6,759.7
Financing Receivables
Current assets:
Finance and contract receivables, current, net	562.2	542.3
Finance an contract receivable, net, non-current	1,170.8	1,114.0
Contract Receivables
Current assets:
Finance and contract receivables, current, net	109.9	110.4
Finance an contract receivable, net, non-current	$ 383.8	$ 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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Balance Type:	credit
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- 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.