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Segments (Tables)

9 Months Ended

Sep. 27, 2025

Segment Reporting [Abstract]

Schedule of Net Sales by Segment

Financial Data by Segment:

			Three Months Ended September 27, 2025
			Commercial &						Snap-on						Repair Systems
			Industrial						Tools						& Information						Financial						Total
(Amounts in millions)			Group						Group						Group						Services						Segments
External net sales			$	297.8					$	506.0					$	387.0					$	—					$	1,190.8
Intersegment net sales			69.9						—						77.8						—						147.7
Segment net sales			367.7						506.0						464.8						—						1,338.5
Segment cost of goods sold			(217.2)						(269.2)						(246.2)						—						(732.6)
Segment gross profit			150.5						236.8						218.6						—						605.9
Financial services revenue			—						—						—						101.1						101.1
Segment operating and financial services expenses
Personnel			(54.7)						(48.4)						(65.7)						(9.1)
Shipping and handling costs			(7.5)						(19.4)						—						—
Depreciation and amortization			(1.5)						(1.9)						(4.9)						(0.2)
Provisions for credit losses			—						—						—						(18.4)
Other segment expenses*			(29.3)						(57.2)						(6.8)						(4.5)
Total segment operating and financial services expenses			(93.0)						(126.9)						(77.4)						(32.2)						(329.5)
Segment operating earnings			$	57.5					$	109.9					$	141.2					$	68.9					$	377.5
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales																											$	1,338.5
Intersegment eliminations																											(147.7)
Total net sales																											1,190.8
Financial services revenue																											101.1
Total revenues																											$	1,291.9
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold																											$	(732.6)
Intersegment eliminations																											147.7
Cost of goods sold																											$	(584.9)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings																											$	377.5
Corporate operating expenses																											(30.1)
Operating earnings																											347.4
Interest expense																											(12.4)
Other income (expense) – net																											14.3
Earnings before income taxes																											$	349.3

*

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 and a $22.0 million benefit for the 2025 legal settlement.

Financial Services - customer support and technology expenses.

Financial Data by Segment (continued):

			Nine Months Ended September 27, 2025
			Commercial &						Snap-on						Repair Systems
			Industrial						Tools						& Information						Financial						Total
(Amounts in millions)			Group						Group						Group						Services						Segments
External net sales			$	863.7					$	1,459.9					$	1,187.7					$	—					$	3,511.3
Intersegment net sales			195.7						—						221.6						—						417.3
Segment net sales			1,059.4						1,459.9						1,409.3						—						3,928.6
Segment cost of goods sold			(623.2)						(771.4)						(754.1)						—						(2,148.7)
Segment gross profit			436.2						688.5						655.2						—						1,779.9
Financial services revenue			—						—						—						304.9						304.9
Segment operating and financial services expenses
Personnel			(166.4)						(143.6)						(195.7)						(27.0)
Shipping and handling costs			(22.6)						(57.8)						—						—
Depreciation and amortization			(4.9)						(5.6)						(13.9)						(0.6)
Provisions for credit losses			—						—						—						(56.5)
Other segment expenses*			(84.7)						(162.5)						(62.5)						(13.4)
Total segment operating and financial services expenses			(278.6)						(369.5)						(272.1)						(97.5)						(1,017.7)
Segment operating earnings			$	157.6					$	319.0					$	383.1					$	207.4					$	1,067.1
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales																											$	3,928.6
Intersegment eliminations																											(417.3)
Total net sales																											3,511.3
Financial services revenue																											304.9
Total revenues																											$	3,816.2
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold																											$	(2,148.7)
Intersegment eliminations																											417.3
Cost of goods sold																											$	(1,731.4)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings																											$	1,067.1
Corporate operating expenses																											(79.0)
Operating earnings																											988.1
Interest expense																											(37.1)
Other income (expense) – net																											43.0
Earnings before income taxes																											$	994.0

*

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 and a $22.0 million benefit for the 2025 legal settlement.

Financial Services - customer support and technology expenses.

Financial Data by Segment (continued):

			Three Months Ended September 28, 2024
			Commercial &						Snap-on						Repair Systems
			Industrial						Tools						& Information						Financial						Total
(Amounts in millions)			Group						Group						Group						Services						Segments
External net sales			$	288.7					$	500.5					$	357.8					$	—					$	1,147.0
Intersegment net sales			77.0						—						64.9						—						141.9
Segment net sales			365.7						500.5						422.7						—						1,288.9
Segment cost of goods sold			(214.9)						(264.0)						(222.2)						—						(701.1)
Segment gross profit			150.8						236.5						200.5						—						587.8
Financial services revenue			—						—						—						100.4						100.4
Segment operating and financial services expenses
Personnel			(53.8)						(49.1)						(62.4)						(9.0)
Shipping and handling costs			(7.0)						(21.9)						—						—
Depreciation and amortization			(1.8)						(1.9)						(5.4)						(0.2)
Provisions for credit losses			—						—						—						(15.9)
Other segment expenses*			(27.2)						(55.3)						(25.4)						(3.6)
Total segment operating and financial services expenses			(89.8)						(128.2)						(93.2)						(28.7)						(339.9)
Segment operating earnings			$	61.0					$	108.3					$	107.3					$	71.7					$	348.3
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales																											$	1,288.9
Intersegment eliminations																											(141.9)
Total net sales																											1,147.0
Financial services revenue																											100.4
Total revenues																											$	1,247.4
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold																											$	(701.1)
Intersegment eliminations																											141.9
Cost of goods sold																											$	(559.2)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings																											$	348.3
Corporate operating expenses																											(24.2)
Operating earnings																											324.1
Interest expense																											(12.5)
Other income (expense) – net																											20.6
Earnings before income taxes																											$	332.2

*

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):

			Nine Months Ended September 28, 2024
			Commercial &						Snap-on						Repair Systems
			Industrial						Tools						& Information						Financial						Total
(Amounts in millions)			Group						Group						Group						Services						Segments
External net sales			$	884.7					$	1,482.6					$	1,141.4					$	—					$	3,508.7
Intersegment net sales			212.9						—						199.9						—						412.8
Segment net sales			1,097.6						1,482.6						1,341.3						—						3,921.5
Segment cost of goods sold			(644.8)						(769.8)						(725.1)						—						(2,139.7)
Segment gross profit			452.8						712.8						616.2						—						1,781.8
Financial services revenue			—						—						—						300.5						300.5
Segment operating and financial services expenses
Personnel			(163.5)						(144.2)						(189.7)						(26.2)
Shipping and handling costs			(20.5)						(66.1)						—						—
Depreciation and amortization			(5.9)						(5.6)						(16.0)						(0.7)
Provisions for credit losses			—						—						—						(52.2)
Other segment expenses*			(84.3)						(156.5)						(76.7)						(11.2)
Total segment operating and financial services expenses			(274.2)						(372.4)						(282.4)						(90.3)						(1,019.3)
Segment operating earnings			$	178.6					$	340.4					$	333.8					$	210.2					$	1,063.0
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales																											$	3,921.5
Intersegment eliminations																											(412.8)
Total net sales																											3,508.7
Financial services revenue																											300.5
Total revenues																											$	3,809.2
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold																											$	(2,139.7)
Intersegment eliminations																											412.8
Cost of goods sold																											$	(1,726.9)
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes:
Segment operating earnings																											$	1,063.0
Corporate operating expenses																											(49.2)
Operating earnings																											1,013.8
Interest expense																											(37.3)
Other income (expense) – net																											57.4
Earnings before income taxes																											$	1,033.9

*

Other segment expenses primarily include:

Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses.

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)						September 27, 2025						December 28, 2024
Assets:
Commercial & Industrial Group						$	1,326.5					$	1,230.8
Snap-on Tools Group						1,006.8						937.5
Repair Systems & Information Group						1,799.6						1,695.5
Financial Services						2,500.7						2,491.9
Total assets from reportable segments						6,633.6						6,355.7
Corporate						1,804.3						1,633.0
Elimination of intersegment receivables						(82.3)						(91.9)
Total assets						$	8,355.6					$	7,896.8

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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