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v3.23.2

Segments - Schedule of Net Sales by Segment (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jul. 01, 2023 | Jul. 02, 2022 | Jul. 01, 2023 | Jul. 02, 2022
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | $ 1,284.7 | $ 1,223.0 | $ 2,560.3 | $ 2,408.5
Operating earnings | 343.9 | 311.9 | 670.0 | 605.4
Interest expense | (12.6) | (11.7) | (25.0) | (23.3)
Other income (expense) – net | 16.8 | 9.3 | 32.0 | 17.6
Earnings before income taxes | 348.1 | 309.5 | 677.0 | 599.7
Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 364.2 | 359.1 | 728.0 | 699.2
Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 523.1 | 520.6 | 1,060.1 | 1,032.7
Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 452.0 | 416.8 | 898.6 | 815.0
Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 93.4 | 86.4 | 186.0 | 174.1
Total assets from reportable segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | 373.1 | 337.1 | 731.5 | 660.8
Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | (148.0) | (159.9) | (312.4) | (312.5)
Corporate |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | 29.2 | 25.2 | 61.5 | 55.4
Total net sales |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 1,191.3 | 1,136.6 | 2,374.3 | 2,234.4
Operating earnings | 277.0 | 246.6 | 536.8 | 469.7
Total net sales | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 289.8 | 276.1 | 568.4 | 537.3
Total net sales | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 523.1 | 520.6 | 1,060.1 | 1,032.7
Total net sales | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 378.4 | 339.9 | 745.8 | 664.4
Total net sales | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Total net sales | Total assets from reportable segments |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 1,339.3 | 1,296.5 | 2,686.7 | 2,546.9
Total net sales | Total assets from reportable segments | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 364.2 | 359.1 | 728.0 | 699.2
Operating earnings | 58.1 | 51.7 | 113.9 | 97.4
Total net sales | Total assets from reportable segments | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 523.1 | 520.6 | 1,060.1 | 1,032.7
Operating earnings | 137.7 | 124.4 | 269.4 | 240.4
Total net sales | Total assets from reportable segments | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 452.0 | 416.8 | 898.6 | 815.0
Operating earnings | 110.4 | 95.7 | 215.0 | 187.3
Total net sales | Total assets from reportable segments | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Total net sales | Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | (148.0) | (159.9) | (312.4) | (312.5)
Total net sales | Intersegment eliminations | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 74.4 | 83.0 | 159.6 | 161.9
Total net sales | Intersegment eliminations | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Total net sales | Intersegment eliminations | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 73.6 | 76.9 | 152.8 | 150.6
Total net sales | Intersegment eliminations | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 93.4 | 86.4 | 186.0 | 174.1
Operating earnings | 66.9 | 65.3 | 133.2 | 135.7
Financial services revenue | Commercial & Industrial Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue | Snap-on Tools Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue | Repair Systems & Information Group |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 0.0 | 0.0 | 0.0 | 0.0
Financial services revenue | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | 93.4 | 86.4 | 186.0 | 174.1
Financial services revenue | Total assets from reportable segments | Financial Services |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Operating earnings | 66.9 | 65.3 | 133.2 | 135.7
Financial services revenue | Intersegment eliminations |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |
Total revenues | $ 0.0 | $ 0.0 | $ 0.0 | $ 0.0

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