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Segments - (Tables)

3 Months Ended

Apr. 01, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

Financial Data by Segment:

			Three Months Ended
(Amounts in millions)			April 1, 2023						April 2, 2022
Net sales:
Commercial & Industrial Group			$	363.8					$	340.1
Snap-on Tools Group			537.0						512.1
Repair Systems & Information Group			446.6						398.2
Segment net sales			1,347.4						1,250.4
Intersegment eliminations			(164.4)						(152.6)
Total net sales			1,183.0						1,097.8
Financial Services revenue			92.6						87.7
Total revenues			$	1,275.6					$	1,185.5
Operating earnings:
Commercial & Industrial Group			$	55.8					$	45.7
Snap-on Tools Group			131.7						116.0
Repair Systems & Information Group			104.6						91.6
Financial Services			66.3						70.4
Segment operating earnings			358.4						323.7
Corporate			(32.3)						(30.2)
Operating earnings			326.1						293.5
Interest expense			(12.4)						(11.6)
Other income (expense) – net			15.2						8.3
Earnings before income taxes			$	328.9					$	290.2

Schedule of Assets by Segment

(Amounts in millions)			April 1, 2023						December 31, 2022
Assets:
Commercial & Industrial Group			$	1,271.1					$	1,245.8
Snap-on Tools Group			934.0						912.9
Repair Systems & Information Group			1,681.7						1,678.1
Financial Services			2,281.2						2,242.7
Total assets from reportable segments			6,168.0						6,079.5
Corporate			1,041.1						972.9
Elimination of intersegment receivables			(83.5)						(79.6)
Total assets			$	7,125.6					$	6,972.8

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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