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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 871.3 $ 757.2
Trade and other accounts receivable – net 786.8 761.7
Finance receivables and contract receivables - net 700.2 672.1
Inventories – net 1,046.1 1,033.1
Prepaid expenses and other assets 129.0 144.8
Total current assets 3,533.4 3,368.9
Property and equipment:    
Property and equipment – gross 1,570.9 1,536.6
Accumulated depreciation and amortization (1,047.2) (1,024.0)
Property and equipment – net 523.7 512.6
Operating lease right-of-use assets 68.1 61.5
Deferred income tax assets 75.4 70.0
Long-term finance receivables and contract receivables - net 1,625.1 1,554.6
Goodwill 1,048.6 1,045.3
Other intangibles – net 269.5 275.6
Pension assets 73.6 70.6
Other assets 13.0 13.7
Total assets 7,230.4 6,972.8
Current liabilities:    
Notes payable 17.8 17.2
Accounts payable 274.2 287.0
Accrued benefits 54.3 58.6
Accrued compensation 85.1 98.6
Franchisee deposits 73.7 73.8
Other accrued liabilities 457.2 436.4
Total current liabilities 962.3 971.6
Long-term debt 1,184.2 1,183.8
Deferred income tax liabilities 79.4 82.1
Retiree health care benefits 22.4 23.4
Pension liabilities 65.4 78.6
Operating lease liabilities 50.4 44.7
Other long-term liabilities 87.0 85.1
Total liabilities 2,451.1 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 67,450,896 and 67,444,966 shares, respectively) 67.5 67.4
Additional paid-in capital 521.1 499.9
Retained earnings 6,635.6 6,296.2
Accumulated other comprehensive loss (510.7) (528.3)
Treasury stock at cost (14,552,727 and 14,442,386 shares, respectively) (1,956.4) (1,853.9)
Total shareholders’ equity attributable to Snap-on Incorporated 4,757.1 4,481.3
Noncontrolling interests 22.2 22.2
Total equity 4,779.3 4,503.5
Total liabilities and equity 7,230.4 6,972.8
Land    
Property and equipment:    
Property and equipment – gross 33.2 32.6
Buildings and improvements    
Property and equipment:    
Property and equipment – gross 438.9 434.7
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment – gross 1,098.8 1,069.3
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 595.4 562.2
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,232.0 1,170.8
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 104.8 109.9
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 393.1 $ 383.8