CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 833.8	$ 757.2
Trade and other accounts receivable – net	782.4	761.7
Finance receivables and contract receivables - net	677.9	672.1
Inventories – net	1,049.1	1,033.1
Prepaid expenses and other assets	138.0	144.8
Total current assets	3,481.2	3,368.9
Property and equipment:
Property and equipment – gross	1,556.7	1,536.6
Accumulated depreciation and amortization	(1,040.4)	(1,024.0)
Property and equipment – net	516.3	512.6
Operating lease right-of-use assets	61.5	61.5
Deferred income tax assets	73.1	70.0
Long-term finance receivables and contract receivables - net	1,584.9	1,554.6
Goodwill	1,050.6	1,045.3
Other intangibles – net	273.3	275.6
Pension assets	71.8	70.6
Other assets	12.9	13.7
Total assets	7,125.6	6,972.8
Current liabilities:
Notes payable	18.2	17.2
Accounts payable	283.1	287.0
Accrued benefits	65.3	58.6
Accrued compensation	68.6	98.6
Franchisee deposits	72.5	73.8
Other accrued liabilities	491.3	436.4
Total current liabilities	999.0	971.6
Long-term debt	1,184.0	1,183.8
Deferred income tax liabilities	85.3	82.1
Retiree health care benefits	22.9	23.4
Pension liabilities	72.7	78.6
Operating lease liabilities	44.9	44.7
Other long-term liabilities	84.4	85.1
Total liabilities	2,493.2	2,469.3
Commitments and contingencies (Note 14)
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 67,450,776 and 67,444,966 shares, respectively)	67.5	67.4
Additional paid-in capital	500.2	499.9
Retained earnings	6,458.1	6,296.2
Accumulated other comprehensive loss	(510.6)	(528.3)
Treasury stock at cost (14,520,364 and 14,442,386 shares, respectively)	(1,905.0)	(1,853.9)
Total shareholders’ equity attributable to Snap-on Incorporated	4,610.2	4,481.3
Noncontrolling interests	22.2	22.2
Total equity	4,632.4	4,503.5
Total liabilities and equity	7,125.6	6,972.8
Land
Property and equipment:
Property and equipment – gross	32.9	32.6
Buildings and improvements
Property and equipment:
Property and equipment – gross	438.4	434.7
Machinery, equipment and computer software
Property and equipment:
Property and equipment – gross	1,085.4	1,069.3
Finance Receivables
Current assets:
Finance receivables and contract receivables - net	572.1	562.2
Property and equipment:
Long-term finance receivables and contract receivables - net	1,197.1	1,170.8
Contract Receivables
Current assets:
Finance receivables and contract receivables - net	105.8	109.9
Property and equipment:
Long-term finance receivables and contract receivables - net	$ 387.8	$ 383.8

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.