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CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Net sales $ 1,247.4 $ 1,254.2 $ 3,809.2 $ 3,814.5
Interest expense (12.5) (12.4) (37.3) (37.4)
Other income (expense) – net 20.6 18.0 57.4 50.0
Earnings before income taxes 332.2 320.2 1,033.9 997.2
Income tax expense (74.7) (71.1) (229.2) (223.9)
Net earnings 257.5 249.1 804.7 773.3
Net earnings attributable to noncontrolling interests (6.4) (6.0) (18.9) (17.5)
Net earnings attributable to Snap-on Incorporated $ 251.1 $ 243.1 $ 785.8 $ 755.8
Net earnings per share attributable to Snap-on Incorporated:        
Basic (in dollars per share) $ 4.77 $ 4.60 $ 14.91 $ 14.29
Diluted (in dollars per share) $ 4.70 $ 4.51 $ 14.69 $ 14.00
Weighted-average shares outstanding:        
Basic (in shares) 52,577,687 52,822,472 52,660,264 52,932,781
Effect of dilutive securities (in shares) 825,262 1,079,707 863,023 1,057,822
Diluted (in shares) 53,402,949 53,902,179 53,523,287 53,990,603
Dividends declared per common share (in dollars per share) $ 1.86 $ 1.62 $ 5.58 $ 4.86
Scenario, Rounding        
Weighted-average shares outstanding:        
Effect of dilutive securities (in shares) 800,000 1,100,000 800,000 1,100,000
Product and Services, Including Financial Services        
Operating earnings $ 324.1 $ 314.6 $ 1,013.8 $ 984.6
Total net sales        
Net sales 1,147.0 1,159.3 3,508.7 3,533.6
Cost of goods sold (559.2) (581.1) (1,726.9) (1,762.1)
Gross profit 587.8 578.2 1,781.8 1,771.5
Operating expenses (335.4) (333.0) (978.2) (989.5)
Operating earnings 252.4 245.2 803.6 782.0
Financial services revenue        
Net sales 100.4 94.9 300.5 280.9
Cost of goods sold (28.7) (25.5) (90.3) (78.3)
Operating earnings $ 71.7 $ 69.4 $ 210.2 $ 202.6