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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill by segment for the nine months ended September 27, 2025, are as follows:
(Amounts in millions) | Commercial & Industrial Group |  | Snap-on Tools Group |  | Repair Systems & Information Group |  | Total
Balance as of December 28, 2024 | $ | 315.6 |  |  | $ | 12.4 |  |  | $ | 728.8 |  |  | $ | 1,056.8 |
Currency translation | 31.7 |  |  | — |  |  | 17.3 |  |  | 49.0 |
Balance as of September 27, 2025 | $ | 347.3 |  |  | $ | 12.4 |  |  | $ | 746.1 |  |  | $ | 1,105.8 |
Additional disclosures related to other intangible assets are as follows:
| September 27, 2025 |  | December 28, 2024
(Amounts in millions) | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Amortized other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 79.4 |  |  | $ | (33.1) |  |  | $ | 46.3 |  |  | $ | 84.2 |  |  | $ | (35.1) |  |  | $ | 49.1 |
Developed technology | 26.5 |  |  | (25.3) |  |  | 1.2 |  |  | 26.6 |  |  | (23.1) |  |  | 3.5 |
Internally developed software | 190.6 |  |  | (144.2) |  |  | 46.4 |  |  | 179.6 |  |  | (135.6) |  |  | 44.0 |
Patents | 53.2 |  |  | (22.9) |  |  | 30.3 |  |  | 49.8 |  |  | (21.4) |  |  | 28.4 |
Trademarks | 4.1 |  |  | (2.7) |  |  | 1.4 |  |  | 3.8 |  |  | (2.5) |  |  | 1.3 |
Other | 6.3 |  |  | (3.0) |  |  | 3.3 |  |  | 6.1 |  |  | (2.9) |  |  | 3.2 |
Total | 360.1 |  |  | (231.2) |  |  | 128.9 |  |  | 350.1 |  |  | (220.6) |  |  | 129.5 |
Non-amortized trademarks | 146.5 |  |  | — |  |  | 146.5 |  |  | 138.1 |  |  | — |  |  | 138.1 |
Total other intangible assets | $ | 506.6 |  |  | $ | (231.2) |  |  | $ | 275.4 |  |  | $ | 488.2 |  |  | $ | (220.6) |  |  | $ | 267.6 |
Snap-on completed its annual impairment testing of goodwill and other indefinite-lived intangible assets in the second quarter of 2025, the results of which did not result in any impairment. Provisions for the impairment of goodwill and/or other intangible assets could arise in a future period due to significant and unanticipated changes in circumstances, such as declines in profitability and cash flow due to long-term deterioration in macroeconomic, industry and market conditions, the loss of key customers, changes in technology or markets, changes in key personnel or litigation, a sustained decrease in share price and/or other events. As of September 27, 2025, the company had no accumulated impairment losses. The weighted-average amortization periods related to other intangible assets are as follows:
| In Years
Customer relationships | 14
Developed technology | 5
Internally developed software | 6
Patents | 15
Trademarks | 9
Other | 39
The weighted-average amortization period for all amortizable intangible assets on a combined basis is 12 years. Intangible asset renewal costs are expensed as incurred. The aggregate amortization expense was $5.7 million and $17.3 million for the respective three and nine month periods ended September 27, 2025, and $6.3 million and $19.0 million for the respective three and nine month periods ended September 28, 2024. Based on current levels of amortizable intangible assets and estimated weighted-average useful lives, estimated annual amortization expense is expected to be $23.0 million in 2025, $19.6 million in 2026, $17.1 million in 2027, $13.3 million in 2028, $8.5 million in 2029, and $8.2 million in 2030.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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