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Segments - (Tables)

6 Months Ended

Jul. 01, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

Financial Data by Segment:

			Three Months Ended												Six Months Ended
(Amounts in millions)			July 1, 2023						July 2, 2022						July 1, 2023						July 2, 2022
Net sales:
Commercial & Industrial Group			$	364.2					$	359.1					$	728.0					$	699.2
Snap-on Tools Group			523.1						520.6						1,060.1						1,032.7
Repair Systems & Information Group			452.0						416.8						898.6						815.0
Segment net sales			1,339.3						1,296.5						2,686.7						2,546.9
Intersegment eliminations			(148.0)						(159.9)						(312.4)						(312.5)
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
Operating earnings:
Commercial & Industrial Group			$	58.1					$	51.7					$	113.9					$	97.4
Snap-on Tools Group			137.7						124.4						269.4						240.4
Repair Systems & Information Group			110.4						95.7						215.0						187.3
Financial Services			66.9						65.3						133.2						135.7
Segment operating earnings			373.1						337.1						731.5						660.8
Corporate			(29.2)						(25.2)						(61.5)						(55.4)
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

Schedule of Assets by Segment

(Amounts in millions)			July 1, 2023						December 31, 2022
Assets:
Commercial & Industrial Group			$	1,281.6					$	1,245.8
Snap-on Tools Group			917.4						912.9
Repair Systems & Information Group			1,687.5						1,678.1
Financial Services			2,345.7						2,242.7
Total assets from reportable segments			6,232.2						6,079.5
Corporate			1,087.2						972.9
Elimination of intersegment receivables			(89.0)						(79.6)
Total assets			$	7,230.4					$	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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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.

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