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Receivables (Tables)
 12 Months Ended
Dec. 30, 2023
Receivables [Abstract]  
Schedule of Components of Trade and Other Accounts Receivable
The components of Snap-on’s trade and other accounts receivable as of 2023 and 2022 year end are as follows:
(Amounts in millions)20232022
Trade and other accounts receivable$826.2 $792.8 
Allowances for credit losses(34.9)(31.1)
Total trade and other accounts receivable – net$791.3 $761.7 
Schedule of Rollforward of Combined Allowances for Doubtful Accounts Related to Trade and Other Accounts Receivable
The following is a rollforward of the allowances for credit losses related to trade and other accounts receivable for 2023 and 2022:
(Amounts in millions)20232022
Allowances for credit losses:
Beginning of year$31.1 $27.3 
Provision for credit losses
17.3 16.3 
Charge-offs
(14.2)(11.8)
Recoveries
0.2 — 
Currency translation
0.5 (0.7)
End of year$34.9 $31.1 
Schedule of Components of Finance and Contract Receivables, Current and Beyond One Year
The components of Snap-on’s current finance and contract receivables as of 2023 and 2022 year end are as follows:

(Amounts in millions)20232022
Finance installment receivables$605.2 $578.6 
Finance lease receivables, net of unearned finance charges of $3.4 million and $0.5 million, respectively
10.1 3.2 
Total finance receivables615.3 581.8 
Contract installment receivables59.9 51.3 
Contract lease receivables, net of unearned finance charges of $21.1 million and $19.1 million, respectively
62.7 60.3 
Total contract receivables122.6 111.6 
Total737.9 693.4 
Allowances for credit losses:
Finance installment receivables(21.1)(19.5)
Finance lease receivables(0.1)(0.1)
Total finance allowance for credit losses(21.2)(19.6)
Contract installment receivables(0.9)(0.8)
Contract lease receivables(0.9)(0.9)
Total contract allowance for credit losses(1.8)(1.7)
Total allowances for credit losses(23.0)(21.3)
Total current finance and contract receivables – net$714.9 $672.1 
Finance receivables – net$594.1 $562.2 
Contract receivables – net120.8 109.9 
Total current finance and contract receivables – net$714.9 $672.1 
The components of Snap-on’s finance and contract receivables with payment terms beyond one year as of 2023 and 2022 year end are as follows: 
(Amounts in millions)20232022
Finance installment receivables$1,318.5 $1,210.4 
Finance lease receivables, net of unearned finance charges of $2.8 million and $0.2 million, respectively
12.3 1.7 
Total finance receivables1,330.8 1,212.1 
Contract installment receivables216.0 202.1 
Contract lease receivables, net of unearned finance charges of $35.1 million and $30.7 million, respectively
196.8 186.6 
Total contract receivables412.8 388.7 
Total1,743.6 1,600.8 
Allowances for credit losses:
Finance installment receivables(46.4)(41.3)
Finance lease receivables(0.2)— 
Total finance allowance for credit losses(46.6)(41.3)
Contract installment receivables(3.1)(3.1)
Contract lease receivables(1.8)(1.8)
Total contract allowance for credit losses(4.9)(4.9)
Total allowances for credit losses(51.5)(46.2)
Total long-term finance and contract receivables – net$1,692.1 $1,554.6 
Finance receivables – net$1,284.2 $1,170.8 
Contract receivables – net407.9 383.8 
Total long-term finance and contract receivables – net$1,692.1 $1,554.6 
Long-term finance and contract receivables installments, net of unearned finance charges, as of 2023 and 2022 year end are scheduled as follows:
 20232022
(Amounts in millions)Finance
Receivables		Contract
Receivables		Finance
Receivables		Contract
Receivables
Due in Months:
13 – 24$475.0 $95.0 $441.6 $92.6 
25 – 36405.7 84.8 374.3 80.1 
37 – 48288.8 72.7 256.2 67.5 
49 – 60156.7 57.0 135.8 53.9 
Thereafter4.6 103.3 4.2 94.6 
Total$1,330.8 $412.8 $1,212.1 $388.7 
Schedule of Financing Receivable Credit Quality Indicators
The amortized cost basis of finance and contract receivables by origination year as of 2023 year end and charge-offs recorded in 2023 by origination year, are as follows:

(Amounts in millions)20232022202120202019PriorTotal
Finance Receivables:
Delinquent$22.2 $18.6 $9.3 $5.2 $2.2 $0.8 $58.3 
Non-delinquent1,299.6 374.8 136.3 59.3 14.9 2.9 1,887.8 
Total Finance receivables$1,321.8 $393.4 $145.6 $64.5 $17.1 $3.7 $1,946.1 
Finance receivables charge-offs$6.3 $25.3 $13.9 $7.6 $3.2 $2.5 $58.8 
Contract receivables:
Delinquent$0.4 $0.9 $1.3 $0.3 $0.2 $0.2 $3.3 
Non-delinquent195.3 126.6 86.4 58.5 35.4 29.9 532.1 
Total Contract receivables$195.7 $127.5 $87.7 $58.8 $35.6 $30.1 $535.4 
Contract receivables charge-offs$0.1 $0.4 $0.9 $0.5 $0.1 $0.3 $2.3 
Schedule of Allowance for Credit Loss Rollforward
The following is a rollforward of the allowances for credit losses for finance and contract receivables for 2023 and 2022: 
 20232022
(Amounts in millions)Finance
Receivables		Contract
Receivables		Finance
Receivables		Contract
Receivables
Allowances for credit losses:
Beginning of year$60.9 $6.6 $67.3 $8.4 
Provision for credit losses57.2 1.9 37.7 0.5 
Charge-offs(58.8)(2.3)(52.7)(2.5)
Recoveries8.4 0.4 8.9 0.3 
Currency translation0.1 0.1 (0.3)(0.1)
End of year$67.8 $6.7 $60.9 $6.6 
Schedule of Financing Receivable, Past Due
The aging of finance and contract receivables as of 2023 and 2022 year end is as follows: 
(Amounts in millions)30-59
Days Past
Due		60-90
Days Past
Due		Greater
Than 90
Days Past
Due		Total Past
Due		Total Not Past
Due		TotalGreater
Than 90
Days Past
Due and
Accruing
2023 year end:
Finance receivables$21.5 $13.6 $23.2 $58.3 $1,887.8 $1,946.1 $19.9 
Contract receivables1.5 0.6 1.2 3.3 532.1 535.4 0.2 
2022 year end:
Finance receivables$17.2 $11.2 $19.5 $47.9 $1,746.0 $1,793.9 $16.5 
Contract receivables1.2 0.3 2.2 3.7 496.6 500.3 0.3 
Schedule of Financing Receivable, Nonaccrual
The amount of finance and contract receivables on nonaccrual status as of 2023 and 2022 year end is as follows: 
(Amounts in millions)20232022
Finance receivables$10.6 $8.7 
Contract receivables3.3 3.3