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Pay vs Performance Disclosure
 12 Months Ended
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%
202310,574,757 21,236,348 2,880,969 5,248,302 189.28 150.20 1,011.1 1,047.6 37.6%
20229,484,660 12,577,620 2,687,596 3,520,186 145.95 127.15 911.7 954.7 35.5%
20219,872,846 17,335,075 2,809,457 4,597,000 134.00 134.52 820.5 852.9 35.5%
20207,933,529 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”):
PEOAverage 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 outstanding7,026,972 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 outstanding2,009,380 514,464 
       Plus: Change in fair value of prior year options that are unvested and outstanding610,752 166,606 
       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”):
PEOAverage 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 outstanding7,026,972 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 outstanding2,009,380 514,464 
       Plus: Change in fair value of prior year options that are unvested and outstanding610,752 166,606 
       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:
TSR.jpg
        
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:
OI and NI.jpg
        
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:
RONAEBIT.jpg
        
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:
TSR.jpg
        
Tabular List, Table
Financial Performance MeasureDescription
Operating incomeMetric in annual incentive plan
RONAEBITMetric in annual incentive plan and PSUs
SalesMetric in PSUs
Share priceImpacts 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:
OI and NI.jpg
        
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)