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Pay vs Performance Disclosure | 12 Months Ended
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Dec. 28, 2024 USD ($) | Dec. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Jan. 01, 2022 USD ($) | Jan. 02, 2021 USD ($)
Pay vs Performance Disclosure |  |  |  |  |
Pay vs Performance Disclosure, Table | In accordance with Item 402(v) of Regulation S-K, the Company is providing the following information:
Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(2)(3)(4) | Average Summary Compensation Table Total for non-PEO Named Executive Officers(1) | Average Compensation Actually Paid to non-PEO Named Executive Officers(2)(3)(4) | Value of Initial Fixed $100 Investment Based On: | Net Income(6) | Operating Income(6) | RONAEBIT(7)
Total Shareholder Return(5) | Peer Group Total Shareholder Return(5)
2024 | $10,476,862 |  | $10,450,116 |  | $2,884,094 |  | $2,819,787 |  | $228.34 |  | $176.44 |  | $1,043.9 |  | $1,074.0 |  | 37.2%
2023 | 10,574,757 |  | 21,236,348 |  | 2,880,969 |  | 5,248,302 |  | 189.28 |  | 150.20 |  | 1,011.1 |  | 1,047.6 |  | 37.6%
2022 | 9,484,660 |  | 12,577,620 |  | 2,687,596 |  | 3,520,186 |  | 145.95 |  | 127.15 |  | 911.7 |  | 954.7 |  | 35.5%
2021 | 9,872,846 |  | 17,335,075 |  | 2,809,457 |  | 4,597,000 |  | 134.00 |  | 134.52 |  | 820.5 |  | 852.9 |  | 35.5%
2020 | 7,933,529 |  | 3,713,918 |  | 2,398,651 |  | 1,274,781 |  | 104.01 |  | 111.06 |  | 627.0 |  | 630.9 |  | 27.8%
Company Selected Measure Name | RONAEBIT |  |  |  |
Named Executive Officers, Footnote | Information for the principal executive officer (“PEO”) for all years presented relates to Nicholas T. Pinchuk, Chairman, President and Chief Executive Officer. Information for the non-PEO Named Executive Officers for fiscal 2024 relates to: •Aldo J. Pagliari – Senior Vice President–Finance and Chief Financial Officer •Thomas J. Ward – Senior Vice President and President–Repair Systems and Information Group •Jesus Arregui – Senior Vice President and President–Commercial Group •Timothy L. Chambers – Senior Vice President and President–Snap-on Tools Group Information for the non-PEO Named Executive Officers for fiscal 2020 through fiscal 2023 relates to: •Aldo J. Pagliari – Senior Vice President–Finance and Chief Financial Officer •Thomas J. Ward – Senior Vice President and President–Repair Systems and Information Group •Timothy L. Chambers – Senior Vice President and President–Snap-on Tools Group •Anup R. Banerjee – Former Senior Vice President–Human Resources and Chief Development Officer |  |  |  |
Peer Group Issuers, Footnote | The share prices illustrate the cumulative total shareholder return (“TSR”) each year of Snap-on common stock and of the S&P 500 Industrials Index since December 31, 2019, of a $100 investment, assuming that dividends were reinvested quarterly. |  |  |  |
PEO Total Compensation Amount | $ 10,476,862 | $ 10,574,757 | $ 9,484,660 | $ 9,872,846 | $ 7,933,529
PEO Actually Paid Compensation Amount | $ 10,450,116 | 21,236,348 | 12,577,620 | 17,335,075 | 3,713,918
Adjustment To PEO Compensation, Footnote | The dollar amounts reported in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to non-PEO Named Executive Officers” columns represent the amount of “compensation actually paid” to these executive officers as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to these individuals during the applicable year. Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns for the PEO and non-PEO NEOs was determined by reference to: (i) for stock options and SARs, a Black-Scholes value as of the relevant measurement date; (ii) for outstanding RSU awards since 2021, the closing price on the applicable year-end dates or, in the case of vesting dates, the actual vesting price; and (iii) for the 2020 RSUs and all PSUs, the same valuation methodology as RSU awards discussed above except that year-end values are multiplied by the probability of achievement as of each such date. The amounts reported in these columns for 2024 reflect the following adjustments from total compensation as reported in the Summary Compensation Table (the “SCT”):
| PEO | Average Non-PEO
Total Compensation Reported in 2024 SCT | $10,476,862 |  | $2,884,094 |
Less: Value of Option Awards reported in SCT | (1,443,040) |  | (370,555) |
Less: Value of Stock Awards reported in SCT | (5,502,126) |  | (1,093,889) |
Less: Change in Pension Value in SCT | (499,568) |  | (274,786) |
Less: Fair value of awards granted in prior fiscal years that failed to vest | — |  | — |
Plus: Year-end value of awards granted in the fiscal year that are unvested and outstanding | 7,026,972 |  | 1,397,046 |
Plus: Change in fair value of prior year awards that are unvested and outstanding | (1,179,351) |  | (187,135) |
Plus: Change in fair value of prior year awards that vested in the fiscal year | (922,774) |  | (204,516) |
Plus: Year-end value of options granted in fiscal year that are unvested and outstanding | 2,009,380 |  | 514,464 |
Plus: Change in fair value of prior year options that are unvested and outstanding | 610,752 |  | 166,606 |
Plus: Change in fair value of prior year options that vested in the fiscal year | (126,991) |  | (39,834) |
Plus: Dividends paid on unvested awards | — |  | — |
Plus: Pension service cost in the fiscal year | — |  | 28,292 |
Actual Compensation Paid for Fiscal Year 2024 | $10,450,116 |  | $2,819,787 |
Non-PEO NEO Average Total Compensation Amount | $ 2,884,094 | 2,880,969 | 2,687,596 | 2,809,457 | 2,398,651
Non-PEO NEO Average Compensation Actually Paid Amount | $ 2,819,787 | 5,248,302 | 3,520,186 | 4,597,000 | 1,274,781
Adjustment to Non-PEO NEO Compensation Footnote | The dollar amounts reported in the “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid to non-PEO Named Executive Officers” columns represent the amount of “compensation actually paid” to these executive officers as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to these individuals during the applicable year. Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns for the PEO and non-PEO NEOs was determined by reference to: (i) for stock options and SARs, a Black-Scholes value as of the relevant measurement date; (ii) for outstanding RSU awards since 2021, the closing price on the applicable year-end dates or, in the case of vesting dates, the actual vesting price; and (iii) for the 2020 RSUs and all PSUs, the same valuation methodology as RSU awards discussed above except that year-end values are multiplied by the probability of achievement as of each such date. The amounts reported in these columns for 2024 reflect the following adjustments from total compensation as reported in the Summary Compensation Table (the “SCT”):
| PEO | Average Non-PEO
Total Compensation Reported in 2024 SCT | $10,476,862 |  | $2,884,094 |
Less: Value of Option Awards reported in SCT | (1,443,040) |  | (370,555) |
Less: Value of Stock Awards reported in SCT | (5,502,126) |  | (1,093,889) |
Less: Change in Pension Value in SCT | (499,568) |  | (274,786) |
Less: Fair value of awards granted in prior fiscal years that failed to vest | — |  | — |
Plus: Year-end value of awards granted in the fiscal year that are unvested and outstanding | 7,026,972 |  | 1,397,046 |
Plus: Change in fair value of prior year awards that are unvested and outstanding | (1,179,351) |  | (187,135) |
Plus: Change in fair value of prior year awards that vested in the fiscal year | (922,774) |  | (204,516) |
Plus: Year-end value of options granted in fiscal year that are unvested and outstanding | 2,009,380 |  | 514,464 |
Plus: Change in fair value of prior year options that are unvested and outstanding | 610,752 |  | 166,606 |
Plus: Change in fair value of prior year options that vested in the fiscal year | (126,991) |  | (39,834) |
Plus: Dividends paid on unvested awards | — |  | — |
Plus: Pension service cost in the fiscal year | — |  | 28,292 |
Actual Compensation Paid for Fiscal Year 2024 | $10,450,116 |  | $2,819,787 |
Compensation Actually Paid vs. Total Shareholder Return | The graph below illustrates the relationship between the compensation actually paid to the Company’s CEO (referred to in the graphs below as the PEO) and the average of the compensation actually paid to the other NEOs, and the TSR of Snap-on common stock and the S&P 500 Industrials Index for the indicated fiscal years: |  |  |  |
Compensation Actually Paid vs. Net Income | The graph below illustrates the relationship between the compensation actually paid to the Company’s CEO and the average of the other NEOs and the Company’s net income and operating income for the indicated fiscal years: |  |  |  |
Compensation Actually Paid vs. Company Selected Measure | The graph below illustrates the relationship between the compensation actually paid to the Company’s CEO and the average of the other NEOs and the Company’s RONAEBIT for the indicated fiscal years: |  |  |  |
Total Shareholder Return Vs Peer Group | The graph below illustrates the relationship between the compensation actually paid to the Company’s CEO (referred to in the graphs below as the PEO) and the average of the compensation actually paid to the other NEOs, and the TSR of Snap-on common stock and the S&P 500 Industrials Index for the indicated fiscal years: |  |  |  |
Tabular List, Table |
Financial Performance Measure | Description
Operating income | Metric in annual incentive plan
RONAEBIT | Metric in annual incentive plan and PSUs
Sales | Metric in PSUs
Share price | Impacts value of stock options, PSUs and RSUs
Total Shareholder Return Amount | $ 228.34 | 189.28 | 145.95 | 134.00 | 104.01
Peer Group Total Shareholder Return Amount | 176.44 | 150.20 | 127.15 | 134.52 | 111.06
Net Income (Loss) | $ 1,043,900,000 | $ 1,011,100,000 | $ 911,700,000 | $ 820,500,000 | $ 627,000,000.0
Company Selected Measure Amount | 0.372 | 0.376 | 0.355 | 0.355 | 0.278
PEO Name | Nicholas T. Pinchuk |  |  |  |
Additional 402(v) Disclosure | For the portion of compensation included in the “Compensation Actually Paid” columns that is based on the year-end stock price, $343.55 was used for fiscal 2024. For PSUs that vested during the fiscal year, the values are based on the closing stock price on the vesting date, which was $269.00 in fiscal 2024. For further information regarding the valuation of equity awards, see Note 13 to our Consolidated Financial Statements, and for information regarding the stock prices used to value equity awards in the rows corresponding to 2020 to 2023, see “Pay Versus Performance” in the Company’s Proxy Statements for its 2024 and 2023 Annual Meetings of Shareholders. Pension service cost was calculated using the same methodology as used for the Company’s Consolidated Financial Statements, which is discussed in Note 11 to our Consolidated Financial Statements. For information regarding adjustments from total compensation as reported in the SCT for 2020 to 2023, see “Pay Versus Performance” in the Company’s Proxy Statements for its 2024 and 2023 Annual Meetings of Shareholders. The share prices illustrate the cumulative total shareholder return (“TSR”) each year of Snap-on common stock and of the S&P 500 Industrials Index since December 31, 2019, of a $100 investment, assuming that dividends were reinvested quarterly.Net income and Operating income are reported in millions. Operating income represents income from continuing operations, excluding financial services income and the effect of foreign currency translation. |  |  |  |
Measure:: 1 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Compensation Actually Paid vs. Other Measure | The graph below illustrates the relationship between the compensation actually paid to the Company’s CEO and the average of the other NEOs and the Company’s net income and operating income for the indicated fiscal years: |  |  |  |
Other Performance Measure, Amount | 1,074,000,000 | 1,047,600,000 | 954,700,000 | 852,900,000 | 630,900,000
Name | Operating income |  |  |  |
Measure:: 2 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | RONAEBIT |  |  |  |
Non-GAAP Measure Description | Return on net assets employed before interest and taxes (“RONAEBIT”) is calculated using a thirteen-month average and represents return on net assets employed before interest and taxes, excluding financial services and the effect of foreign currency translation. This methodology is consistent with that employed to calculate a company’s weighted average cost of capital. |  |  |  |
Measure:: 3 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Sales |  |  |  |
Measure:: 4 |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Name | Share price |  |  |  |
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | $ (499,568) |  |  |  |
PEO | Pension Adjustments Service Cost |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 0 |  |  |  |
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 0 |  |  |  |
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 0 |  |  |  |
PEO | Aggregate Grant Date Fair Value Of Equity Award Amounts Reported In Summary Compensation Table, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (1,443,040) |  |  |  |
PEO | Aggregate Grant Date Fair Value Of Equity Award Amounts Reported In Summary Compensation Table, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (5,502,126) |  |  |  |
PEO | Year-End Fair Value Of Equity Awards Granted In Covered Year That Are Outstanding And Unvested, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 7,026,972 |  |  |  |
PEO | Year-Over-Year Change In Fair Value Of Equity Awards Granted In Prior Years That Are Outstanding And Unvested, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (1,179,351) |  |  |  |
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Equity Awards Vested In Covered Year, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (922,774) |  |  |  |
PEO | Year-End Fair Value Of Equity Awards Granted In Covered Year That Are Outstanding And Unvested, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 2,009,380 |  |  |  |
PEO | Year-Over-Year Change In Fair Value Of Equity Awards Granted In Prior Years That Are Outstanding And Unvested, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 610,752 |  |  |  |
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Equity Awards Vested In Covered Year, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (126,991) |  |  |  |
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (274,786) |  |  |  |
Non-PEO NEO | Pension Adjustments Service Cost |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 28,292 |  |  |  |
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 0 |  |  |  |
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 0 |  |  |  |
Non-PEO NEO | Aggregate Grant Date Fair Value Of Equity Award Amounts Reported In Summary Compensation Table, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (370,555) |  |  |  |
Non-PEO NEO | Aggregate Grant Date Fair Value Of Equity Award Amounts Reported In Summary Compensation Table, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (1,093,889) |  |  |  |
Non-PEO NEO | Year-End Fair Value Of Equity Awards Granted In Covered Year That Are Outstanding And Unvested, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 1,397,046 |  |  |  |
Non-PEO NEO | Year-Over-Year Change In Fair Value Of Equity Awards Granted In Prior Years That Are Outstanding And Unvested, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (187,135) |  |  |  |
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Equity Awards Vested In Covered Year, Stock Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | (204,516) |  |  |  |
Non-PEO NEO | Year-End Fair Value Of Equity Awards Granted In Covered Year That Are Outstanding And Unvested, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 514,464 |  |  |  |
Non-PEO NEO | Year-Over-Year Change In Fair Value Of Equity Awards Granted In Prior Years That Are Outstanding And Unvested, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | 166,606 |  |  |  |
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Equity Awards Vested In Covered Year, Option Awards [Member] |  |  |  |  |
Pay vs Performance Disclosure |  |  |  |  |
Adjustment to Compensation, Amount | $ (39,834) |  |  |  |

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