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Segments (Tables)

9 Months Ended

Sep. 28, 2024

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

Financial Data by Segment:

			Three Months Ended												Nine Months Ended
(Amounts in millions)			September 28, 2024						September 30, 2023						September 28, 2024						September 30, 2023
Net sales:
Commercial & Industrial Group			$	365.7					$	366.4					$	1,097.6					$	1,094.4
Snap-on Tools Group			500.5						515.4						1,482.6						1,575.5
Repair Systems & Information Group			422.7						431.8						1,341.3						1,330.4
Segment net sales			1,288.9						1,313.6						3,921.5						4,000.3
Intersegment eliminations			(141.9)						(154.3)						(412.8)						(466.7)
Total net sales			1,147.0						1,159.3						3,508.7						3,533.6
Financial Services revenue			100.4						94.9						300.5						280.9
Total revenues			$	1,247.4					$	1,254.2					$	3,809.2					$	3,814.5
Operating earnings:
Commercial & Industrial Group			$	61.0					$	58.1					$	178.6					$	172.0
Snap-on Tools Group			108.3						113.4						340.4						382.8
Repair Systems & Information Group			107.3						104.9						333.8						319.9
Financial Services			71.7						69.4						210.2						202.6
Segment operating earnings			348.3						345.8						1,063.0						1,077.3
Corporate			(24.2)						(31.2)						(49.2)						(92.7)
Operating earnings			324.1						314.6						1,013.8						984.6
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

Schedule of Assets by Segment

(Amounts in millions)			September 28, 2024						December 30, 2023
Assets:
Commercial & Industrial Group			$	1,293.0					$	1,293.7
Snap-on Tools Group			986.2						941.8
Repair Systems & Information Group			1,661.3						1,680.0
Financial Services			2,505.4						2,430.0
Total assets from reportable segments			6,445.9						6,345.5
Corporate			1,602.5						1,285.0
Elimination of intersegment receivables			(95.1)						(85.6)
Total assets			$	7,953.3					$	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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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.

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