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Leases

9 Months Ended

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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- References

No definition available.

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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

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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

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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

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