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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,001.5 $ 757.2
Trade and other accounts receivable – net 791.3 761.7
Finance and contract receivables, current, net 714.9 672.1
Inventories – net 1,005.9 1,033.1
Prepaid expenses and other current assets 138.4 144.8
Total current assets 3,652.0 3,368.9
Property and equipment – net 539.3 512.6
Operating lease right-of-use assets 74.7 61.5
Deferred income tax assets 76.0 70.0
Finance an contract receivable, net, non-current 1,692.1 1,554.6
Goodwill 1,097.4 1,045.3
Other intangible assets – net 268.9 275.6
Pension assets 130.5 70.6
Other long-term assets 14.0 13.7
Total assets 7,544.9 6,972.8
Current liabilities:    
Notes payable 15.6 17.2
Accounts payable 238.0 287.0
Accrued benefits 64.4 58.6
Accrued compensation 102.9 98.6
Franchisee deposits 73.3 73.8
Other accrued liabilities 447.4 436.4
Total current liabilities 941.6 971.6
Long-term debt 1,184.6 1,183.8
Deferred income tax liabilities 79.2 82.1
Retiree health care benefits 21.8 23.4
Pension liabilities 82.3 78.6
Operating lease liabilities 54.6 44.7
Other long-term liabilities 87.4 85.1
Total liabilities 2,451.5 2,469.3
Commitments and contingencies (Note 15)
Shareholders’ equity attributable to Snap-on Incorporated:    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) 0.0 0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,450,999 and 67,444,966 shares, respectively) 67.5 67.4
Additional paid-in capital 545.5 499.9
Retained earnings 6,948.5 6,296.2
Accumulated other comprehensive loss (449.5) (528.3)
Treasury stock at cost (14,756,982 and 14,442,386 shares, respectively) (2,040.7) (1,853.9)
Total shareholders’ equity attributable to Snap-on Incorporated 5,071.3 4,481.3
Noncontrolling interests 22.1 22.2
Total equity 5,093.4 4,503.5
Total liabilities and equity 7,544.9 6,972.8
Finance receivables – net    
Current assets:    
Finance and contract receivables, current, net 594.1 562.2
Finance an contract receivable, net, non-current 1,284.2 1,170.8
Contract receivables – net    
Current assets:    
Finance and contract receivables, current, net 120.8 109.9
Finance an contract receivable, net, non-current $ 407.9 $ 383.8