XML 105 R95.htm IDEA: XBRL DOCUMENT 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