XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 30, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 1,121.0 $ 1,001.5
Trade and other accounts receivable – net 827.5 791.3
Finance receivables and contract receivables - net 721.5 714.9
Inventories – net 970.5 1,005.9
Prepaid expenses and other current assets 135.6 138.4
Total current assets 3,776.1 3,652.0
Property and equipment:    
Property and equipment – gross 1,568.2 1,570.4
Accumulated depreciation (1,033.5) (1,031.1)
Property and equipment – net 534.7 539.3
Operating lease right-of-use assets 74.4 74.7
Deferred income tax assets 78.4 76.0
Long-term finance receivables and contract receivables - net 1,704.2 1,692.1
Goodwill 1,071.3 1,097.4
Other intangible assets – net 277.7 268.9
Pension assets 130.4 130.5
Other long-term assets 19.6 14.0
Total assets 7,666.8 7,544.9
Current liabilities:    
Notes payable 15.2 15.6
Accounts payable 257.4 238.0
Accrued benefits 70.5 64.4
Accrued compensation 67.9 102.9
Franchisee deposits 73.7 73.3
Other accrued liabilities 505.0 447.4
Total current liabilities 989.7 941.6
Long-term debt 1,184.9 1,184.6
Deferred income tax liabilities 88.3 79.2
Retiree health care benefits 21.2 21.8
Pension liabilities 75.3 82.3
Operating lease liabilities 54.5 54.6
Other long-term liabilities 89.6 87.4
Total liabilities 2,503.5 2,451.5
Commitments and contingencies (Note 14)
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 67,456,437 and 67,450,999 shares, respectively) 67.5 67.5
Additional paid-in capital 527.4 545.5
Retained earnings 7,113.1 6,948.5
Accumulated other comprehensive loss (493.3) (449.5)
Treasury stock at cost (14,737,944 and 14,756,982 shares, respectively) (2,073.7) (2,040.7)
Total shareholders’ equity attributable to Snap-on Incorporated 5,141.0 5,071.3
Noncontrolling interests 22.3 22.1
Total equity 5,163.3 5,093.4
Total liabilities and equity 7,666.8 7,544.9
Land    
Property and equipment:    
Property and equipment – gross 34.1 34.5
Buildings and improvements    
Property and equipment:    
Property and equipment – gross 446.0 452.8
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment – gross 1,088.1 1,083.1
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 604.9 594.1
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,290.6 1,284.2
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 116.6 120.8
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 413.6 $ 407.9