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Revenue Recognition - (Tables)

3 Months Ended

Apr. 01, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

			Three Months Ended
(Amounts in millions)			April 1, 2023						April 2, 2022
Revenue from contracts with customers			$	1,176.5					$	1,091.9
Other revenues			6.5						5.9
Total net sales			1,183.0						1,097.8
Financial services revenue			92.6						87.7
Total revenues			$	1,275.6					$	1,185.5

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

						For the Three Months Ended April 1, 2023
						Commercial						Snap-on						Repair Systems
						& Industrial						Tools						& Information						Financial												Snap-on
(Amounts in millions)						Group						Group						Group						Services						Eliminations						Incorporated
Net sales:
North America*						$	137.6					$	473.9					$	281.8					$	—					$	—					$	893.3
Europe						75.0						35.7						63.2						—						—						173.9
All other						66.0						27.4						22.4						—						—						115.8
External net sales						278.6						537.0						367.4						—						—						1,183.0
Intersegment net sales						85.2						—						79.2						—						(164.4)						—
Total net sales						363.8						537.0						446.6						—						(164.4)						1,183.0
Financial services revenue						—						—						—						92.6						—						92.6
Total revenue						$	363.8					$	537.0					$	446.6					$	92.6					$	(164.4)					$	1,275.6

						For the Three Months Ended April 2, 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*						$	113.7					$	447.8					$	242.8					$	—					$	—					$	804.3
Europe						81.8						40.1						61.9						—						—						183.8
All other						65.7						24.2						19.8						—						—						109.7
External net sales						261.2						512.1						324.5						—						—						1,097.8
Intersegment net sales						78.9						—						73.7						—						(152.6)						—
Total net sales						340.1						512.1						398.2						—						(152.6)						1,097.8
Financial services revenue						—						—						—						87.7						—						87.7
Total revenue						$	340.1					$	512.1					$	398.2					$	87.7					$	(152.6)					$	1,185.5
* North America is comprised of the United States, Canada and Mexico.

The following tables represent external net sales disaggregated by customer type:

						For the Three Months Ended April 1, 2023
						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						$	21.1					$	537.0					$	367.4					$	—					$	—					$	925.5
All other professionals						257.5						—						—						—						—						257.5
External net sales						278.6						537.0						367.4						—						—						1,183.0
Intersegment net sales						85.2						—						79.2						—						(164.4)						—
Total net sales						363.8						537.0						446.6						—						(164.4)						1,183.0
Financial services revenue						—						—						—						92.6						—						92.6
Total revenue						$	363.8					$	537.0					$	446.6					$	92.6					$	(164.4)					$	1,275.6

						For the Three Months Ended April 2, 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						$	23.9					$	512.1					$	324.5					$	—					$	—					$	860.5
All other professionals						237.3						—						—						—						—						237.3
External net sales						261.2						512.1						324.5						—						—						1,097.8
Intersegment net sales						78.9						—						73.7						—						(152.6)						—
Total net sales						340.1						512.1						398.2						—						(152.6)						1,097.8
Financial services revenue						—						—						—						87.7						—						87.7
Total revenue						$	340.1					$	512.1					$	398.2					$	87.7					$	(152.6)					$	1,185.5

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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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