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v3.25.3

Leases | 9 Months Ended
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Sep. 27, 2025
Leases [Abstract] |
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of September 27, 2025, and December 28, 2024, is as follows:
(Amounts in millions) | September 27, 2025 |  | December 28, 2024
Finance leases: |  |  |
Property and equipment – gross | $ | 2.4 |  |  | $ | 17.0 |
Accumulated depreciation | (0.9) |  |  | (15.5) |
Property and equipment – net | $ | 1.5 |  |  | $ | 1.5 |
Other accrued liabilities | $ | 0.4 |  |  | $ | 0.5 |
Other long-term liabilities | 1.1 |  |  | 1.0 |
Total finance lease liabilities | $ | 1.5 |  |  | $ | 1.5 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 87.2 |  |  | $ | 89.4 |
Other accrued liabilities | $ | 27.8 |  |  | $ | 25.0 |
Operating lease liabilities | 64.6 |  |  | 68.6 |
Total operating lease liabilities | $ | 92.4 |  |  | $ | 93.6 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 3 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of September 27, 2025, and December 28, 2024, is as follows:
(Amounts in millions) | September 27, 2025 |  | December 28, 2024
Finance leases: |  |  |
Property and equipment – gross | $ | 2.4 |  |  | $ | 17.0 |
Accumulated depreciation | (0.9) |  |  | (15.5) |
Property and equipment – net | $ | 1.5 |  |  | $ | 1.5 |
Other accrued liabilities | $ | 0.4 |  |  | $ | 0.5 |
Other long-term liabilities | 1.1 |  |  | 1.0 |
Total finance lease liabilities | $ | 1.5 |  |  | $ | 1.5 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 87.2 |  |  | $ | 89.4 |
Other accrued liabilities | $ | 27.8 |  |  | $ | 25.0 |
Operating lease liabilities | 64.6 |  |  | 68.6 |
Total operating lease liabilities | $ | 92.4 |  |  | $ | 93.6 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 3 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of September 27, 2025, and December 28, 2024, is as follows:
(Amounts in millions) | September 27, 2025 |  | December 28, 2024
Finance leases: |  |  |
Property and equipment – gross | $ | 2.4 |  |  | $ | 17.0 |
Accumulated depreciation | (0.9) |  |  | (15.5) |
Property and equipment – net | $ | 1.5 |  |  | $ | 1.5 |
Other accrued liabilities | $ | 0.4 |  |  | $ | 0.5 |
Other long-term liabilities | 1.1 |  |  | 1.0 |
Total finance lease liabilities | $ | 1.5 |  |  | $ | 1.5 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 87.2 |  |  | $ | 89.4 |
Other accrued liabilities | $ | 27.8 |  |  | $ | 25.0 |
Operating lease liabilities | 64.6 |  |  | 68.6 |
Total operating lease liabilities | $ | 92.4 |  |  | $ | 93.6 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 3 for additional information on finance and contract receivables.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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