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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 28, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Product Warranty Accrual Activity

Snap-on’s product warranty accrual activity for the three and nine month periods ended September 28, 2024, and September 30, 2023, is as follows:

			Three Months Ended												Nine Months Ended
(Amounts in millions)			September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
Warranty reserve:
Beginning of period			$	15.2					$	14.9					$	14.7					$	14.3
Additions			3.3						3.6						10.9						11.5
Usage			(3.5)						(3.9)						(10.6)						(11.2)
End of period			$	15.0					$	14.6					$	15.0					$	14.6

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- References

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- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-8

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