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Segments
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Segments Segments
Snap-on’s operating segments, which represent Snap-on’s reportable segments, are based on the organizational structure used by the Chief Executive Officer, its chief operating decision maker (“CODM”), to make operating and investment determinations and to assess performance. Snap-on’s reportable operating segments are: (i) the Commercial & Industrial Group; (ii) the Snap-on Tools Group; (iii) the Repair Systems & Information Group; and (iv) Financial Services. The Commercial & Industrial Group consists of business operations serving a broad range of industrial and commercial customers worldwide, including customers in the aerospace, natural resources, government and military, power generation, transportation and technical education market segments (collectively, “critical industries”), primarily through direct and distributor channels. The Snap-on Tools Group consists of business operations primarily serving vehicle service and repair technicians through the company’s multinational mobile tool distribution channel. The Repair Systems & Information Group consists of business operations serving other professional vehicle repair customers worldwide, primarily owners and managers of independent repair shops and OEM dealerships, through direct and distributor channels. Financial Services consists of the business operations of Snap-on’s finance subsidiaries.

The CODM evaluates the performance of the Commercial & Industrial Group, the Snap-on Tools Group and the Repair Systems & Information Group operating segments based on segment net sales and segment operating earnings. The segment net sales of the Snap-on Tools Group reflect external net sales, while the segment net sales of the Commercial & Industrial Group and the Repair Systems & Information Group include both external and intersegment net sales. Snap-on accounts for intersegment net sales and transfers based primarily on standard costs with reasonable mark-ups established between the segments. The Financial Services operating segment is evaluated based on financial services revenue and segment operating earnings. Segment net sales and segment operating earnings are used to determine the compensation of certain management employees.

Identifiable assets by segment are those assets used in the respective reportable segment’s operations. Corporate assets consist of cash and cash equivalents (excluding cash held at Financial Services), deferred income taxes and certain other assets. Corporate expenses primarily reflect stock-based compensation and other costs not attributable to an operating segment. Intersegment amounts are eliminated to arrive at Snap-on’s consolidated financial results.
Financial Data by Segment:
Three Months Ended June 28, 2025
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$289.2 $491.0 $399.2 $— $1,179.4 
Intersegment net sales58.6 — 69.4 — 128.0 
Segment net sales347.8 491.0 468.6 — 1,307.4 
Segment cost of goods sold(208.6)(253.8)(249.5)— (711.9)
Segment gross profit139.2 237.2 219.1 — 595.5 
Financial services revenue— — — 101.7 101.7 
Segment operating and financial services expenses
Personnel(55.8)(46.8)(64.9)(9.1)
Shipping and handling costs(7.6)(19.9)— — 
Depreciation and amortization(1.6)(1.9)(4.5)(0.2)
Provisions for credit losses— — — (19.0)
Other segment expenses*(27.3)(51.9)(29.9)(5.2)
Total segment operating and financial services expenses(92.3)(120.5)(99.3)(33.5)(345.6)
Segment operating earnings$46.9 $116.7 $119.8 $68.2 $351.6 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$1,307.4 
Intersegment eliminations(128.0)
Total net sales1,179.4 
Financial services revenue101.7 
Total revenues$1,281.1 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(711.9)
Intersegment eliminations128.0 
Cost of goods sold$(583.9)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings$351.6 
Corporate operating expenses(24.3)
Operating earnings327.3 
Interest expense(12.3)
Other income (expense) – net14.3 
Earnings before income taxes$329.3 
*Other segment expenses primarily include:
 Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses.
Snap-on Tools Group - franchisee support costs, shared service allocations and technology expenses.
Repair Systems & Information Group - technology, travel, professional fee and marketing expenses; shared service allocations.
Financial Services - customer support and technology expenses.
Financial Data by Segment (continued):
Six Months Ended June 28, 2025
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$565.9 $953.9 $800.7 $— $2,320.5 
Intersegment net sales125.8 — 143.8 — 269.6 
Segment net sales691.7 953.9 944.5 — 2,590.1 
Segment cost of goods sold(406.0)(502.2)(507.9)— (1,416.1)
Segment gross profit285.7 451.7 436.6 — 1,174.0 
Financial services revenue— — — 203.8 203.8 
Segment operating and financial services expenses
Personnel(111.7)(95.2)(130.0)(17.9)
Shipping and handling costs(15.1)(38.4)— — 
Depreciation and amortization(3.4)(3.7)(9.0)(0.4)
Provisions for credit losses— — — (38.1)
Other segment expenses*(55.4)(105.3)(55.7)(8.9)
Total segment operating and financial services expenses(185.6)(242.6)(194.7)(65.3)(688.2)
Segment operating earnings$100.1 $209.1 $241.9 $138.5 $689.6 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$2,590.1 
Intersegment eliminations(269.6)
Total net sales2,320.5 
Financial services revenue203.8 
Total revenues$2,524.3 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(1,416.1)
Intersegment eliminations269.6 
Cost of goods sold$(1,146.5)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings$689.6 
Corporate operating expenses(48.9)
Operating earnings640.7 
Interest expense(24.7)
Other income (expense) – net28.7 
Earnings before income taxes$644.7 
*Other segment expenses primarily include:
 Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses.
Snap-on Tools Group - franchisee support costs, shared service allocations and technology expenses.
Repair Systems & Information Group - technology, travel, professional fee and marketing expenses; shared service allocations.
Financial Services - customer support and technology expenses.
Financial Data by Segment (continued):
Three Months Ended June 29, 2024
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$305.0 $482.0 $392.4 $— $1,179.4 
Intersegment net sales67.0 — 62.4 — 129.4 
Segment net sales372.0 482.0 454.8 — 1,308.8 
Segment cost of goods sold(216.7)(246.8)(248.0)— (711.5)
Segment gross profit155.3 235.2 206.8 — 597.3 
Financial services revenue— — — 100.5 100.5 
Segment operating and financial services expenses
Personnel(54.6)(45.9)(63.1)(8.5)
Shipping and handling costs(7.4)(21.6)— — 
Depreciation and amortization(2.0)(1.8)(5.2)(0.2)
Provisions for credit losses— — — (17.5)
Other segment expenses*(29.1)(51.1)(24.9)(4.1)
Total segment operating and financial services expenses(93.1)(120.4)(93.2)(30.3)(337.0)
Segment operating earnings$62.2 $114.8 $113.6 $70.2 $360.8 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$1,308.8 
Intersegment eliminations(129.4)
Total net sales1,179.4 
Financial services revenue100.5 
Total revenues$1,279.9 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(711.5)
Intersegment eliminations129.4 
Cost of goods sold$(582.1)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings$360.8 
Corporate operating expenses(10.3)
Operating earnings350.5 
Interest expense(12.3)
Other income (expense) – net18.7 
Earnings before income taxes$356.9 
*Other segment expenses primarily include:
 Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses.
Snap-on Tools Group - franchisee support costs, shared service allocations and technology expenses.
Repair Systems & Information Group - technology, travel, professional fee and marketing expenses; shared service allocations.
Financial Services - customer support and technology expenses.
Financial Data by Segment (continued):
Six Months Ended June 29, 2024
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$596.0 $982.1 $783.6 $— $2,361.7 
Intersegment net sales135.9 — 135.0 — 270.9 
Segment net sales731.9 982.1 918.6 — 2,632.6 
Segment cost of goods sold(429.9)(505.8)(502.9)— (1,438.6)
Segment gross profit302.0 476.3 415.7 — 1,194.0 
Financial services revenue— — — 200.1 200.1 
Segment operating and financial services expenses
Personnel(109.7)(95.1)(127.3)(17.2)
Shipping and handling costs(13.5)(44.2)— — 
Depreciation and amortization(4.1)(3.7)(10.6)(0.5)
Provisions for credit losses— — — (36.3)
Other segment expenses*(57.1)(101.2)(51.3)(7.6)
Total segment operating and financial services expenses(184.4)(244.2)(189.2)(61.6)(679.4)
Segment operating earnings$117.6 $232.1 $226.5 $138.5 $714.7 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$2,632.6 
Intersegment eliminations(270.9)
Total net sales2,361.7 
Financial services revenue200.1 
Total revenues$2,561.8 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(1,438.6)
Intersegment eliminations270.9 
Cost of goods sold$(1,167.7)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings$714.7 
Corporate operating expenses(25.0)
Operating earnings689.7 
Interest expense(24.8)
Other income (expense) – net36.8 
Earnings before income taxes$701.7 
*Other segment expenses primarily include:
 Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses.
Snap-on Tools Group - franchisee support costs, shared service allocations and technology expenses.
Repair Systems & Information Group - technology, travel, professional fee and marketing expenses; shared service allocations.
Financial Services - customer support and technology expenses.
Financial Data by Segment (continued):
(Amounts in millions)June 28,
2025		December 28, 2024
Assets:
Commercial & Industrial Group$1,303.7 $1,230.8 
Snap-on Tools Group965.7 937.5 
Repair Systems & Information Group1,759.8 1,695.5 
Financial Services2,508.0 2,491.9 
Total assets from reportable segments6,537.2 6,355.7 
Corporate1,744.4 1,633.0 
Elimination of intersegment receivables(79.8)(91.9)
Total assets$8,201.8 $7,896.8