XML 47 R36.htm IDEA: XBRL DOCUMENT
v3.25.3

Stock-based Compensation and Other Stock Plans (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of stock options granted during the nine month periods ended September 27, 2025, and September 28, 2024, using the Black-Scholes valuation model:
|  |  | Nine Months Ended
|  |  |  |  | September 27, 2025 |  | September 28, 2024
Expected term of stock option (in years) |  |  |  |  | 4.57 |  | 4.90
Expected volatility factor |  |  |  |  | 23.86% |  | 23.63%
Expected dividend yield |  |  |  |  | 2.52% |  | 2.76%
Risk-free interest rate |  |  |  |  | 4.36% |  | 4.30%
Schedule of Stock Option Activity | Below is a summary of stock option activity as of and for the nine months ended September 27, 2025:
| Shares (in thousands) |  | Exercise Price Per Share* |  | Remaining Contractual Term* (in years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at December 28, 2024 | 1,670 |  |  | $ | 190.73 |  |  |  |  |
Granted | 202 |  |  | 339.73 |  |  |  |  |
Exercised | (243) |  |  | 168.61 |  |  |  |  |
Forfeited or expired | (18) |  |  | 282.28 |  |  |  |  |
Outstanding at September 27, 2025 | 1,611 |  |  | 211.71 |  |  | 5.3 |  | $ | 209.7 |
Exercisable at September 27, 2025 | 1,209 |  |  | 182.24 |  |  | 4.1 |  | 193.1 |
* | Weighted-average |  |  |  |  |  |
Schedule of Changes in Non-Vested Performance Awards | Changes to the company’s non-vested PSUs during the nine months ended September 27, 2025, are as follows:
| Shares (in thousands) |  | Fair Value Price per Share*
Non-vested PSUs at December 28, 2024 | 113 |  |  | $ | 257.95 |
Granted | 41 |  |  | 339.73 |
Performance assumption change ** | (26) |  |  | 254.75 |
Vested | — |  |  | — |
Cancellations and other | (1) |  |  | 278.22 |
Non-vested PSUs at September 27, 2025 | 127 |  |  | 285.12 |
* | Weighted-average |
** | Reflects the number of PSUs adjusted based on performance metrics.
Schedule of Non-vested Restricted Stock Units Activity | Changes to the company’s non-vested RSUs during the nine months ended September 27, 2025, are as follows:
| Shares (in thousands) |  | Fair Value Price per Share*
Non-vested RSUs at December 28, 2024 | 70 |  |  | $ | 242.63 |
Granted | 18 |  |  | 339.73 |
Vested | (24) |  |  | 212.27 |
Cancellations and other | (1) |  |  | 280.38 |
Non-vested RSUs at September 27, 2025 | 63 |  |  | 282.05 |
* | Weighted-average |
Schedule of Weighted-Average Assumptions of Fair Value Granted Using Black-Scholes Valuation Model | The following weighted-average assumptions were used in calculating the fair value of stock-settled SARs granted during the nine month periods ended September 27, 2025, and September 28, 2024, using the Black-Scholes valuation model:
| Nine Months Ended
| September 27, 2025 |  | September 28, 2024
Expected term of stock-settled SARs (in years) | 4.11 |  | 4.20
Expected volatility factor | 23.79% |  | 23.80%
Expected dividend yield | 2.52% |  | 2.77%
Risk-free interest rate | 4.39% |  | 4.22%
The following weighted-average assumptions were used in calculating the fair value of cash-settled SARs granted during the nine month periods ended September 27, 2025, and September 28, 2024, using the Black-Scholes valuation model:
| Nine Months Ended
| September 27, 2025 |  | September 28, 2024
Expected term of cash-settled SARs (in years) | 3.54 |  | 3.65
Expected volatility factor | 24.88% |  | 23.53%
Expected dividend yield | 2.50% |  | 2.58%
Risk-free interest rate | 3.66% |  | 3.49%
Schedule of Changes in SARs | Below is a summary of stock-settled SARs as of and for the nine months ended September 27, 2025:
| Stock-settled SARs (in thousands) |  | Exercise Price Per Share* |  | Remaining Contractual Term* (in years) |  | Aggregate Intrinsic Value (in millions)
Outstanding at December 28, 2024 | 311 |  |  | $ | 207.64 |  |  |  |  |
Granted | 60 |  |  | 339.73 |  |  |  |  |
Exercised | (14) |  |  | 179.18 |  |  |  |  |
Forfeited or expired | (30) |  |  | 232.64 |  |  |  |  |
Outstanding at September 27, 2025 | 327 |  |  | 230.97 |  |  | 6.3 |  | $ | 36.3 |
Exercisable at September 27, 2025 | 215 |  |  | 194.32 |  |  | 5.0 |  | 31.7 |
* | Weighted-average |
Changes to the company’s non-vested cash-settled SARs during the nine months ended September 27, 2025, are as follows:
| Cash-settled SARs (in thousands) |  | Fair Value Price per Share*
Non-vested cash-settled SARs at December 28, 2024 | 2 |  |  | $ | 108.41 |
Granted | 1 |  |  | 64.03 |
Vested | (1) |  |  | 107.28 |
Non-vested cash-settled SARs at September 27, 2025 | 2 |  |  | 79.36 |
* | Weighted-average |

X
- Definition Share-based compensation arrangement by share-based payment award, fair value assumptions. + References No definition available. + Details
Name: | sna_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsTableTextBlock
Namespace Prefix: | sna_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration