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Leases
 3 Months Ended
Apr. 01, 2023
Leases [Abstract]  
Leases Leases
Lessee accounting: Supplemental balance sheet information related to leases as of April 1, 2023, and December 31, 2022, is as follows:

(Amounts in millions)April 1,
2023		December 31, 2022
Finance leases:
Property and equipment - gross$19.7 $19.4 
Accumulated depreciation and amortization(17.0)(16.4)
Property and equipment - net$2.7 $3.0 
 Other accrued liabilities$1.9 $2.0 
 Other long-term liabilities1.6 1.9 
Total finance lease liabilities$3.5 $3.9 
Operating leases:
Operating lease right-of-use assets$61.5 $61.5 
 Other accrued liabilities$19.4 $19.4 
 Operating lease liabilities44.9 44.7 
Total operating lease liabilities$64.3 $64.1 
Lessor accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing for vehicle leases. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 3 for further information on finance and contract receivables.
Leases Leases
Lessee accounting: Supplemental balance sheet information related to leases as of April 1, 2023, and December 31, 2022, is as follows:

(Amounts in millions)April 1,
2023		December 31, 2022
Finance leases:
Property and equipment - gross$19.7 $19.4 
Accumulated depreciation and amortization(17.0)(16.4)
Property and equipment - net$2.7 $3.0 
 Other accrued liabilities$1.9 $2.0 
 Other long-term liabilities1.6 1.9 
Total finance lease liabilities$3.5 $3.9 
Operating leases:
Operating lease right-of-use assets$61.5 $61.5 
 Other accrued liabilities$19.4 $19.4 
 Operating lease liabilities44.9 44.7 
Total operating lease liabilities$64.3 $64.1 
Lessor accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing for vehicle leases. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 3 for further information on finance and contract receivables.
Leases Leases
Lessee accounting: Supplemental balance sheet information related to leases as of April 1, 2023, and December 31, 2022, is as follows:

(Amounts in millions)April 1,
2023		December 31, 2022
Finance leases:
Property and equipment - gross$19.7 $19.4 
Accumulated depreciation and amortization(17.0)(16.4)
Property and equipment - net$2.7 $3.0 
 Other accrued liabilities$1.9 $2.0 
 Other long-term liabilities1.6 1.9 
Total finance lease liabilities$3.5 $3.9 
Operating leases:
Operating lease right-of-use assets$61.5 $61.5 
 Other accrued liabilities$19.4 $19.4 
 Operating lease liabilities44.9 44.7 
Total operating lease liabilities$64.3 $64.1 
Lessor accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing for vehicle leases. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets.
See Note 3 for further information on finance and contract receivables.