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Leases | 3 Months Ended
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Mar. 30, 2024
Leases [Abstract] |
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of March 30, 2024, and December 30, 2023, is as follows:
(Amounts in millions) | March 30, 2024 |  | December 30, 2023
Finance leases: |  |  |
Property and equipment - gross | $ | 17.7 |  |  | $ | 19.1 |
Accumulated depreciation | (15.7) |  |  | (16.8) |
Property and equipment - net | $ | 2.0 |  |  | $ | 2.3 |
Other accrued liabilities | $ | 1.3 |  |  | $ | 1.6 |
Other long-term liabilities | 0.9 |  |  | 1.1 |
Total finance lease liabilities | $ | 2.2 |  |  | $ | 2.7 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 74.4 |  |  | $ | 74.7 |
Other accrued liabilities | $ | 23.9 |  |  | $ | 23.8 |
Operating lease liabilities | 54.5 |  |  | 54.6 |
Total operating lease liabilities | $ | 78.4 |  |  | $ | 78.4 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 4 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of March 30, 2024, and December 30, 2023, is as follows:
(Amounts in millions) | March 30, 2024 |  | December 30, 2023
Finance leases: |  |  |
Property and equipment - gross | $ | 17.7 |  |  | $ | 19.1 |
Accumulated depreciation | (15.7) |  |  | (16.8) |
Property and equipment - net | $ | 2.0 |  |  | $ | 2.3 |
Other accrued liabilities | $ | 1.3 |  |  | $ | 1.6 |
Other long-term liabilities | 0.9 |  |  | 1.1 |
Total finance lease liabilities | $ | 2.2 |  |  | $ | 2.7 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 74.4 |  |  | $ | 74.7 |
Other accrued liabilities | $ | 23.9 |  |  | $ | 23.8 |
Operating lease liabilities | 54.5 |  |  | 54.6 |
Total operating lease liabilities | $ | 78.4 |  |  | $ | 78.4 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 4 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of March 30, 2024, and December 30, 2023, is as follows:
(Amounts in millions) | March 30, 2024 |  | December 30, 2023
Finance leases: |  |  |
Property and equipment - gross | $ | 17.7 |  |  | $ | 19.1 |
Accumulated depreciation | (15.7) |  |  | (16.8) |
Property and equipment - net | $ | 2.0 |  |  | $ | 2.3 |
Other accrued liabilities | $ | 1.3 |  |  | $ | 1.6 |
Other long-term liabilities | 0.9 |  |  | 1.1 |
Total finance lease liabilities | $ | 2.2 |  |  | $ | 2.7 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 74.4 |  |  | $ | 74.7 |
Other accrued liabilities | $ | 23.9 |  |  | $ | 23.8 |
Operating lease liabilities | 54.5 |  |  | 54.6 |
Total operating lease liabilities | $ | 78.4 |  |  | $ | 78.4 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 4 for additional information on finance and contract receivables.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-30/tableOfContent + Details
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