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v3.23.3

Leases | 9 Months Ended
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Sep. 30, 2023
Leases [Abstract] |
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of September 30, 2023, and December 31, 2022, is as follows:
(Amounts in millions) | September 30, 2023 |  | December 31, 2022
Finance leases: |  |  |
Property and equipment - gross | $ | 17.9 |  |  | $ | 19.4 |
Accumulated depreciation and amortization | (15.6) |  |  | (16.4) |
Property and equipment - net | $ | 2.3 |  |  | $ | 3.0 |
Other accrued liabilities | $ | 1.6 |  |  | $ | 2.0 |
Other long-term liabilities | 1.2 |  |  | 1.9 |
Total finance lease liabilities | $ | 2.8 |  |  | $ | 3.9 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 68.7 |  |  | $ | 61.5 |
Other accrued liabilities | $ | 21.4 |  |  | $ | 19.4 |
Operating lease liabilities | 50.6 |  |  | 44.7 |
Total operating lease liabilities | $ | 72.0 |  |  | $ | 64.1 |
Lessor accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing for vehicle leases. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 3 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of September 30, 2023, and December 31, 2022, is as follows:
(Amounts in millions) | September 30, 2023 |  | December 31, 2022
Finance leases: |  |  |
Property and equipment - gross | $ | 17.9 |  |  | $ | 19.4 |
Accumulated depreciation and amortization | (15.6) |  |  | (16.4) |
Property and equipment - net | $ | 2.3 |  |  | $ | 3.0 |
Other accrued liabilities | $ | 1.6 |  |  | $ | 2.0 |
Other long-term liabilities | 1.2 |  |  | 1.9 |
Total finance lease liabilities | $ | 2.8 |  |  | $ | 3.9 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 68.7 |  |  | $ | 61.5 |
Other accrued liabilities | $ | 21.4 |  |  | $ | 19.4 |
Operating lease liabilities | 50.6 |  |  | 44.7 |
Total operating lease liabilities | $ | 72.0 |  |  | $ | 64.1 |
Lessor accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing for vehicle leases. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 3 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of September 30, 2023, and December 31, 2022, is as follows:
(Amounts in millions) | September 30, 2023 |  | December 31, 2022
Finance leases: |  |  |
Property and equipment - gross | $ | 17.9 |  |  | $ | 19.4 |
Accumulated depreciation and amortization | (15.6) |  |  | (16.4) |
Property and equipment - net | $ | 2.3 |  |  | $ | 3.0 |
Other accrued liabilities | $ | 1.6 |  |  | $ | 2.0 |
Other long-term liabilities | 1.2 |  |  | 1.9 |
Total finance lease liabilities | $ | 2.8 |  |  | $ | 3.9 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 68.7 |  |  | $ | 61.5 |
Other accrued liabilities | $ | 21.4 |  |  | $ | 19.4 |
Operating lease liabilities | 50.6 |  |  | 44.7 |
Total operating lease liabilities | $ | 72.0 |  |  | $ | 64.1 |
Lessor accounting: Snap-on’s Financial Services business offers its customers lease financing for the lease of tools, diagnostics, and equipment products and to franchisees who require financing for vehicle leases. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 3 for additional information on finance and contract receivables.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-30/tableOfContent + Details
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