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Segments (Tables)

6 Months Ended

Jun. 29, 2024

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

Financial Data by Segment:

			Three Months Ended												Six Months Ended
(Amounts in millions)			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Net sales:
Commercial & Industrial Group			$	372.0					$	364.2					$	731.9					$	728.0
Snap-on Tools Group			482.0						523.1						982.1						1,060.1
Repair Systems & Information Group			454.8						452.0						918.6						898.6
Segment net sales			1,308.8						1,339.3						2,632.6						2,686.7
Intersegment eliminations			(129.4)						(148.0)						(270.9)						(312.4)
Total net sales			1,179.4						1,191.3						2,361.7						2,374.3
Financial Services revenue			100.5						93.4						200.1						186.0
Total revenues			$	1,279.9					$	1,284.7					$	2,561.8					$	2,560.3
Operating earnings:
Commercial & Industrial Group			$	62.2					$	58.1					$	117.6					$	113.9
Snap-on Tools Group			114.8						137.7						232.1						269.4
Repair Systems & Information Group			113.6						110.4						226.5						215.0
Financial Services			70.2						66.9						138.5						133.2
Segment operating earnings			360.8						373.1						714.7						731.5
Corporate			(10.3)						(29.2)						(25.0)						(61.5)
Operating earnings			350.5						343.9						689.7						670.0
Interest expense			(12.3)						(12.6)						(24.8)						(25.0)
Other income (expense) – net			18.7						16.8						36.8						32.0
Earnings before income taxes			$	356.9					$	348.1					$	701.7					$	677.0

Schedule of Assets by Segment

(Amounts in millions)			June 29, 2024						December 30, 2023
Assets:
Commercial & Industrial Group			$	1,274.3					$	1,293.7
Snap-on Tools Group			928.6						941.8
Repair Systems & Information Group			1,661.5						1,680.0
Financial Services			2,476.6						2,430.0
Total assets from reportable segments			6,341.0						6,345.5
Corporate			1,508.9						1,285.0
Elimination of intersegment receivables			(90.0)						(85.6)
Total assets			$	7,759.9					$	7,544.9

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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