XML 48 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Revenue Recognition (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2023
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table shows the consolidated revenues by revenue source:
(Amounts in millions) |  | 2023 |  | 2022
Revenue from contracts with customers |  | $ | 4,703.2 |  |  | $ | 4,468.6 |
Other revenues |  | 27.0 |  |  | 24.2 |
Total net sales |  | 4,730.2 |  |  | 4,492.8 |
Financial services revenue |  | 378.1 |  |  | 349.7 |
Total revenues |  | $ | 5,108.3 |  |  | $ | 4,842.5 |
The following table represents external net sales disaggregated by geography, based on the customers’ billing addresses:
|  | 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* |  | $ | 580.5 |  |  | $ | 1,839.2 |  |  | $ | 1,146.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,566.2 |
Europe |  | 295.7 |  |  | 149.7 |  |  | 243.5 |  |  | — |  |  | — |  |  | 688.9 |
All other |  | 269.4 |  |  | 99.9 |  |  | 105.8 |  |  | — |  |  | — |  |  | 475.1 |
External net sales |  | 1,145.6 |  |  | 2,088.8 |  |  | 1,495.8 |  |  | — |  |  | — |  |  | 4,730.2 |
Intersegment net sales |  | 312.7 |  |  | — |  |  | 285.4 |  |  | — |  |  | (598.1) |  |  | — |
Total net sales |  | 1,458.3 |  |  | 2,088.8 |  |  | 1,781.2 |  |  | — |  |  | (598.1) |  |  | 4,730.2 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 378.1 |  |  | — |  |  | 378.1 |
Total revenue |  | $ | 1,458.3 |  |  | $ | 2,088.8 |  |  | $ | 1,781.2 |  |  | $ | 378.1 |  |  | $ | (598.1) |  |  | $ | 5,108.3 |
|  | 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* |  | $ | 498.3 |  |  | $ | 1,840.3 |  |  | $ | 1,046.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,384.7 |
Europe |  | 284.9 |  |  | 137.9 |  |  | 227.5 |  |  | — |  |  | — |  |  | 650.3 |
All other |  | 275.1 |  |  | 93.8 |  |  | 88.9 |  |  | — |  |  | — |  |  | 457.8 |
External net sales |  | 1,058.3 |  |  | 2,072.0 |  |  | 1,362.5 |  |  | — |  |  | — |  |  | 4,492.8 |
Intersegment net sales |  | 340.9 |  |  | — |  |  | 304.4 |  |  | — |  |  | (645.3) |  |  | — |
Total net sales |  | 1,399.2 |  |  | 2,072.0 |  |  | 1,666.9 |  |  | — |  |  | (645.3) |  |  | 4,492.8 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 349.7 |  |  | — |  |  | 349.7 |
Total revenue |  | $ | 1,399.2 |  |  | $ | 2,072.0 |  |  | $ | 1,666.9 |  |  | $ | 349.7 |  |  | $ | (645.3) |  |  | $ | 4,842.5 |
* North America is comprised of the United States, Canada and Mexico. |
The following table represents external net sales disaggregated by customer type:
|  | 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 |  | $ | 82.5 |  |  | $ | 2,088.8 |  |  | $ | 1,495.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,667.1 |
All other professionals |  | 1,063.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,063.1 |
External net sales |  | 1,145.6 |  |  | 2,088.8 |  |  | 1,495.8 |  |  | — |  |  | — |  |  | 4,730.2 |
Intersegment net sales |  | 312.7 |  |  | — |  |  | 285.4 |  |  | — |  |  | (598.1) |  |  | — |
Total net sales |  | 1,458.3 |  |  | 2,088.8 |  |  | 1,781.2 |  |  | — |  |  | (598.1) |  |  | 4,730.2 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 378.1 |  |  | — |  |  | 378.1 |
Total revenue |  | $ | 1,458.3 |  |  | $ | 2,088.8 |  |  | $ | 1,781.2 |  |  | $ | 378.1 |  |  | $ | (598.1) |  |  | $ | 5,108.3 |
|  | 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 |  | $ | 90.8 |  |  | $ | 2,072.0 |  |  | $ | 1,362.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,525.3 |
All other professionals |  | 967.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 967.5 |
External net sales |  | 1,058.3 |  |  | 2,072.0 |  |  | 1,362.5 |  |  | — |  |  | — |  |  | 4,492.8 |
Intersegment net sales |  | 340.9 |  |  | — |  |  | 304.4 |  |  | — |  |  | (645.3) |  |  | — |
Total net sales |  | 1,399.2 |  |  | 2,072.0 |  |  | 1,666.9 |  |  | — |  |  | (645.3) |  |  | 4,492.8 |
Financial services revenue |  | — |  |  | — |  |  | — |  |  | 349.7 |  |  | — |  |  | 349.7 |
Total revenue |  | $ | 1,399.2 |  |  | $ | 2,072.0 |  |  | $ | 1,666.9 |  |  | $ | 349.7 |  |  | $ | (645.3) |  |  | $ | 4,842.5 |

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