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Segments (Tables)

12 Months Ended

Dec. 30, 2023

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

(Amounts in millions)						2023						2022						2021
Net sales:
Commercial & Industrial Group						$	1,458.3					$	1,399.2					$	1,406.3
Snap-on Tools Group						2,088.8						2,072.0						1,938.6
Repair Systems & Information Group						1,781.2						1,666.9						1,503.1
Segment net sales						5,328.3						5,138.1						4,848.0
Intersegment eliminations						(598.1)						(645.3)						(596.0)
Total net sales						4,730.2						4,492.8						4,252.0
Financial Services revenue						378.1						349.7						349.7
Total revenues						$	5,108.3					$	4,842.5					$	4,601.7
Operating earnings:
Commercial & Industrial Group						$	226.1					$	197.6					$	209.9
Snap-on Tools Group						493.8						458.7						411.1
Repair Systems & Information Group						433.2						393.3						348.6
Financial Services						270.5						266.0						272.0
Segment operating earnings						1,423.6						1,315.6						1,241.6
Corporate						(113.2)						(108.4)						(118.1)
Operating earnings						1,310.4						1,207.2						1,123.5
Interest expense						(49.9)						(47.1)						(53.1)
Other income (expense) – net						67.5						42.5						16.5
Earnings before income taxes and equity earnings						$	1,328.0					$	1,202.6					$	1,086.9

Schedule of Assets by Segment

(Amounts in millions)						2023						2022
Assets:
Commercial & Industrial Group						$	1,293.7					$	1,245.8
Snap-on Tools Group						941.8						912.9
Repair Systems & Information Group						1,680.0						1,678.1
Financial Services						2,430.0						2,242.7
Total assets from reportable segments						6,345.5						6,079.5
Corporate						1,285.0						972.9
Elimination of intersegment receivables						(85.6)						(79.6)
Total assets						$	7,544.9					$	6,972.8

Schedule of Capital Expenditures, Depreciation and Amortization

(Amounts in millions)						2023						2022						2021
Capital expenditures:
Commercial & Industrial Group						$	22.5					$	26.0					$	24.3
Snap-on Tools Group						46.1						35.0						27.1
Repair Systems & Information Group						20.3						18.3						15.4
Financial Services						1.8						1.1						0.8
Total from reportable segments						90.7						80.4						67.6
Corporate						4.3						3.8						2.5
Total capital expenditures						$	95.0					$	84.2					$	70.1
Depreciation and amortization:
Commercial & Industrial Group						$	25.7					$	26.1					$	28.2
Snap-on Tools Group						29.3						29.3						31.2
Repair Systems & Information Group						39.4						40.1						40.9
Financial Services						0.9						0.9						0.9
Total from reportable segments						95.3						96.4						101.2
Corporate						4.0						3.8						3.6
Total depreciation and amortization						$	99.3					$	100.2					$	104.8

Schedule of Revenue and Long-Lived Assets, Geographic Regions

Revenues by geographic region:*
United States						$	3,664.3					$	3,465.4					$	3,153.0
Europe						760.9						723.3						808.5
All other						683.1						653.8						640.2
Total revenues						$	5,108.3					$	4,842.5					$	4,601.7
(Amounts in millions)												2023						2022
Long-lived assets:**
United States												$	394.2					$	361.9
Europe												172.1						161.3
All other												47.7						50.9
Total long-lived assets												$	614.0					$	574.1

*			Revenues are attributed to countries based on origin of the sale.
**			Long-lived assets consist of Property and equipment – net and Operating lease right-of-use assets.

Schedule of Products and Services

The following table shows the consolidated net sales and revenues of these product groups in the last three years:

(Amounts in millions)						2023						2022						2021
Net sales:
Tools						$	2,528.9					$	2,399.4					$	2,343.0
Diagnostics, information and management systems						991.2						942.4						892.5
Equipment						1,210.1						1,151.0						1,016.5
Total net sales						4,730.2						4,492.8						4,252.0
Financial services revenue						378.1						349.7						349.7
Total revenues						$	5,108.3					$	4,842.5					$	4,601.7

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