XML 32 R21.htm IDEA: XBRL DOCUMENT v3.25.2
Commitments and Contingencies
6 Months Ended
Jun. 28, 2025
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Snap-on provides product warranties for specific product lines and accrues for estimated future warranty cost in the period in which the sale is recorded. Snap-on calculates its accrual requirements based on historic warranty loss experience that is periodically adjusted for recent actual experience, including the timing of claims during the warranty period and actual costs incurred.
Snap-on’s product warranty accrual activity for the three and six month periods ended June 28, 2025, and June 29, 2024, is as follows:

Three Months EndedSix Months Ended
(Amounts in millions)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Warranty reserve:
Beginning of period$15.4 $14.9 $15.2 $14.7 
Additions3.7 3.6 7.2 7.6 
Usage(3.7)(3.3)(7.0)(7.1)
End of period$15.4 $15.2 $15.4 $15.2 

In the ordinary course of business, Snap-on is subject to legal disputes that are being litigated and/or settled. The accompanying Condensed Consolidated Statements of Earnings for the three and six months ended June 29, 2024, include benefits in “Operating expenses” of $11.2 million and $22.5 million, respectively, for the final payments received associated with a legal matter. Although it is not possible to predict the outcome of legal matters, management believes that the results of all legal matters will not have a material impact on Snap-on’s consolidated financial position, results of operations or cash flows.