XML 40 R30.htm IDEA: XBRL DOCUMENT v3.23.2

Revenue Recognition - (Tables)

6 Months Ended

Jul. 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												Six Months Ended
(Amounts in millions)			July 1, 2023						July 2, 2022						July 1, 2023						July 2, 2022
Revenue from contracts with customers			$	1,184.6					$	1,130.5					$	2,361.1					$	2,222.4
Other revenues			6.7						6.1						13.2						12.0
Total net sales			1,191.3						1,136.6						2,374.3						2,234.4
Financial services revenue			93.4						86.4						186.0						174.1
Total revenues			$	1,284.7					$	1,223.0					$	2,560.3					$	2,408.5

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

						For the Three Months Ended July 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*						$	144.3					$	459.3					$	285.9					$	—					$	—					$	889.5
Europe						75.5						39.0						63.6						—						—						178.1
All other						70.0						24.8						28.9						—						—						123.7
External net sales						289.8						523.1						378.4						—						—						1,191.3
Intersegment net sales						74.4						—						73.6						—						(148.0)						—
Total net sales						364.2						523.1						452.0						—						(148.0)						1,191.3
Financial services revenue						—						—						—						93.4						—						93.4
Total revenue						$	364.2					$	523.1					$	452.0					$	93.4					$	(148.0)					$	1,284.7

						For the Six Months Ended July 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*						$	281.9					$	933.2					$	567.7					$	—					$	—					$	1,782.8
Europe						150.5						74.7						126.8						—						—						352.0
All other						136.0						52.2						51.3						—						—						239.5
External net sales						568.4						1,060.1						745.8						—						—						2,374.3
Intersegment net sales						159.6						—						152.8						—						(312.4)						—
Total net sales						728.0						1,060.1						898.6						—						(312.4)						2,374.3
Financial services revenue						—						—						—						186.0						—						186.0
Total revenue						$	728.0					$	1,060.1					$	898.6					$	186.0					$	(312.4)					$	2,560.3
* North America is comprised of the United States, Canada and Mexico.

						For the Three Months Ended July 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*						$	128.7					$	460.3					$	254.7					$	—					$	—					$	843.7
Europe						73.1						36.4						60.4						—						—						169.9
All other						74.3						23.9						24.8						—						—						123.0
External net sales						276.1						520.6						339.9						—						—						1,136.6
Intersegment net sales						83.0						—						76.9						—						(159.9)						—
Total net sales						359.1						520.6						416.8						—						(159.9)						1,136.6
Financial services revenue						—						—						—						86.4						—						86.4
Total revenue						$	359.1					$	520.6					$	416.8					$	86.4					$	(159.9)					$	1,223.0

						For the Six Months Ended July 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*						$	242.4					$	908.1					$	497.5					$	—					$	—					$	1,648.0
Europe						154.9						76.5						122.3						—						—						353.7
All other						140.0						48.1						44.6						—						—						232.7
External net sales						537.3						1,032.7						664.4						—						—						2,234.4
Intersegment net sales						161.9						—						150.6						—						(312.5)						—
Total net sales						699.2						1,032.7						815.0						—						(312.5)						2,234.4
Financial services revenue						—						—						—						174.1						—						174.1
Total revenue						$	699.2					$	1,032.7					$	815.0					$	174.1					$	(312.5)					$	2,408.5
* 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 July 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						$	21.7					$	523.1					$	378.4					$	—					$	—					$	923.2
All other professionals						268.1						—						—						—						—						268.1
External net sales						289.8						523.1						378.4						—						—						1,191.3
Intersegment net sales						74.4						—						73.6						—						(148.0)						—
Total net sales						364.2						523.1						452.0						—						(148.0)						1,191.3
Financial services revenue						—						—						—						93.4						—						93.4
Total revenue						$	364.2					$	523.1					$	452.0					$	93.4					$	(148.0)					$	1,284.7

						For the Six Months Ended July 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						$	42.8					$	1,060.1					$	745.8					$	—					$	—					$	1,848.7
All other professionals						525.6						—						—						—						—						525.6
External net sales						568.4						1,060.1						745.8						—						—						2,374.3
Intersegment net sales						159.6						—						152.8						—						(312.4)						—
Total net sales						728.0						1,060.1						898.6						—						(312.4)						2,374.3
Financial services revenue						—						—						—						186.0						—						186.0
Total revenue						$	728.0					$	1,060.1					$	898.6					$	186.0					$	(312.4)					$	2,560.3

						For the Three Months Ended July 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						$	25.2					$	520.6					$	339.9					$	—					$	—					$	885.7
All other professionals						250.9						—						—						—						—						250.9
External net sales						276.1						520.6						339.9						—						—						1,136.6
Intersegment net sales						83.0						—						76.9						—						(159.9)						—
Total net sales						359.1						520.6						416.8						—						(159.9)						1,136.6
Financial services revenue						—						—						—						86.4						—						86.4
Total revenue						$	359.1					$	520.6					$	416.8					$	86.4					$	(159.9)					$	1,223.0

						For the Six Months Ended July 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						$	49.1					$	1,032.7					$	664.4					$	—					$	—					$	1,746.2
All other professionals						488.2						—						—						—						—						488.2
External net sales						537.3						1,032.7						664.4						—						—						2,234.4
Intersegment net sales						161.9						—						150.6						—						(312.5)						—
Total net sales						699.2						1,032.7						815.0						—						(312.5)						2,234.4
Financial services revenue						—						—						—						174.1						—						174.1
Total revenue						$	699.2					$	1,032.7					$	815.0					$	174.1					$	(312.5)					$	2,408.5

X

- 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration