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Revenue Recognition (Tables)

3 Months Ended

Mar. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

			Three Months Ended
(Amounts in millions)			March 30, 2024						April 1, 2023
Revenue from contracts with customers			$	1,175.2					$	1,176.5
Other revenues			7.1						6.5
Total net sales			1,182.3						1,183.0
Financial services revenue			99.6						92.6
Total revenues			$	1,281.9					$	1,275.6

The following tables represent external net sales disaggregated by geography, based on the customers’ billing addresses:

						For the Three Months Ended March 30, 2024
						Commercial						Snap-on						Repair Systems
						& Industrial						Tools						& Information						Financial												Snap-on
(Amounts in millions)						Group						Group						Group						Services						Eliminations						Incorporated
Net sales:
North America*						$	148.6					$	433.3					$	302.1					$	—					$	—					$	884.0
Europe						81.0						39.6						62.1						—						—						182.7
All other						61.4						27.2						27.0						—						—						115.6
External net sales						291.0						500.1						391.2						—						—						1,182.3
Intersegment net sales						68.9						—						72.6						—						(141.5)						—
Total net sales						359.9						500.1						463.8						—						(141.5)						1,182.3
Financial services revenue						—						—						—						99.6						—						99.6
Total revenue						$	359.9					$	500.1					$	463.8					$	99.6					$	(141.5)					$	1,281.9

						For the Three Months Ended April 1, 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*						$	137.6					$	473.9					$	281.8					$	—					$	—					$	893.3
Europe						75.0						35.7						63.2						—						—						173.9
All other						66.0						27.4						22.4						—						—						115.8
External net sales						278.6						537.0						367.4						—						—						1,183.0
Intersegment net sales						85.2						—						79.2						—						(164.4)						—
Total net sales						363.8						537.0						446.6						—						(164.4)						1,183.0
Financial services revenue						—						—						—						92.6						—						92.6
Total revenue						$	363.8					$	537.0					$	446.6					$	92.6					$	(164.4)					$	1,275.6
* North America is comprised of the United States, Canada and Mexico.

The following tables represent external net sales disaggregated by customer type:

						For the Three Months Ended March 30, 2024
						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						$	20.3					$	500.1					$	391.2					$	—					$	—					$	911.6
All other professionals						270.7						—						—						—						—						270.7
External net sales						291.0						500.1						391.2						—						—						1,182.3
Intersegment net sales						68.9						—						72.6						—						(141.5)						—
Total net sales						359.9						500.1						463.8						—						(141.5)						1,182.3
Financial services revenue						—						—						—						99.6						—						99.6
Total revenue						$	359.9					$	500.1					$	463.8					$	99.6					$	(141.5)					$	1,281.9

						For the Three Months Ended April 1, 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						$	21.1					$	537.0					$	367.4					$	—					$	—					$	925.5
All other professionals						257.5						—						—						—						—						257.5
External net sales						278.6						537.0						367.4						—						—						1,183.0
Intersegment net sales						85.2						—						79.2						—						(164.4)						—
Total net sales						363.8						537.0						446.6						—						(164.4)						1,183.0
Financial services revenue						—						—						—						92.6						—						92.6
Total revenue						$	363.8					$	537.0					$	446.6					$	92.6					$	(164.4)					$	1,275.6

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- 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

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- References

No definition available.

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