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