v3.25.4
Segments (Tables)
12 Months Ended
Jan. 03, 2026
Segment Reporting [Abstract]  
Schedule of Net Sales by Segment
Financial Data by Segment:
2025
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$1,185.7 $1,964.9 $1,592.6 $— $4,743.2 
Intersegment net sales271.8 — 284.5 — 556.3 
Segment net sales1,457.5 1,964.9 1,877.1 — 5,299.5 
Segment cost of goods sold(867.8)(1,043.8)(1,002.5)— (2,914.1)
Segment gross profit589.7 921.1 874.6 — 2,385.4 
Financial services revenue— — — 412.9 412.9 
Segment operating and financial services expenses
Personnel(225.6)(194.8)(260.9)(36.7)
Shipping and handling costs(30.8)(77.2)— — 
Depreciation and amortization(6.6)(7.5)(19.0)(0.8)
Provisions for credit losses— — — (75.9)
Other segment expenses*(108.5)(215.3)(93.9)(17.7)
Total segment operating and financial services expenses(371.5)(494.8)(373.8)(131.1)(1,371.2)
Segment operating earnings$218.2 $426.3 $500.8 $281.8 $1,427.1 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$5,299.5 
Intersegment eliminations(556.3)
Total net sales4,743.2 
Financial services revenue412.9 
Total revenues$5,156.1 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(2,914.1)
Intersegment eliminations556.3 
Cost of goods sold$(2,357.8)
Reconciliation of segment operating earnings to operating earnings and
   earnings before income taxes:
Segment operating earnings$1,427.1 
Corporate operating expenses(99.4)
Operating earnings1,327.7 
Interest expense(50.5)
Other income (expense) – net58.7 
Earnings before income taxes$1,335.9 
*Other segment expenses primarily include:
Commercial & Industrial Group - shared service allocations; technology, travel and marketing expenses. Also included are a $15.9 million net benefit related to the sale of a building, partially offset by an $8.9 million charge for the retirement of trademarks and $2.5 million of restructuring costs (collectively the “2025 footprint actions”), resulting in a net benefit of $4.5 million.
Snap-on Tools Group - franchisee support costs, shared service allocations and technology expenses.
Repair Systems & Information Group - technology, travel, marketing and professional-fee 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):
2024
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$1,187.6 $1,989.2 $1,530.6 $— $4,707.4 
Intersegment net sales289.2 — 267.3 — 556.5 
Segment net sales1,476.8 1,989.2 1,797.9 — 5,263.9 
Segment cost of goods sold(868.6)(1,050.3)(967.1)— (2,886.0)
Segment gross profit608.2 938.9 830.8 — 2,377.9 
Financial services revenue— — — 401.0 401.0 
Segment operating and financial services expenses
Personnel(218.8)(191.7)(253.9)(34.7)
Shipping and handling costs(27.8)(87.7)— — 
Depreciation and amortization(7.8)(7.5)(20.8)(1.0)
Provisions for credit losses— — — (73.7)
Other segment expenses*(111.7)(204.7)(100.9)(14.7)
Total segment operating and financial services expenses(366.1)(491.6)(375.6)(124.1)(1,357.4)
Segment operating earnings$242.1 $447.3 $455.2 $276.9 $1,421.5 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$5,263.9 
Intersegment eliminations(556.5)
Total net sales4,707.4 
Financial services revenue401.0 
Total revenues$5,108.4 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(2,886.0)
Intersegment eliminations556.5 
Cost of goods sold$(2,329.5)
Reconciliation of segment operating earnings to operating earnings and
   earnings before income taxes:
Segment operating earnings$1,421.5 
Corporate operating expenses(75.8)
Operating earnings1,345.7 
Interest expense(49.6)
Other income (expense) – net77.0 
Earnings before income taxes$1,373.1 
*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):
2023
Commercial &Snap-onRepair Systems
IndustrialTools& InformationFinancialTotal
(Amounts in millions)GroupGroupGroupServicesSegments
External net sales$1,145.6 $2,088.8 $1,495.8 $— $4,730.2 
Intersegment net sales312.7 — 285.4 — 598.1 
Segment net sales1,458.3 2,088.8 1,781.2 — 5,328.3 
Segment cost of goods sold(887.5)(1,107.7)(984.0)— (2,979.2)
Segment gross profit570.8 981.1 797.2 — 2,349.1 
Financial services revenue— — — 378.1 378.1 
Segment operating and financial services expenses
Personnel(207.7)(199.9)(248.9)(34.7)
Shipping and handling and other freight expenses(24.7)(93.3)— — 
Depreciation and amortization(7.5)(7.5)(24.4)(0.9)
Provisions for credit losses— — — (59.1)
Other segment expenses*(104.8)(186.6)(90.7)(12.9)
Total segment operating and financial services expenses(344.7)(487.3)(364.0)(107.6)(1,303.6)
Segment operating earnings$226.1 $493.8 $433.2 $270.5 $1,423.6 
Reconciliation of segment net sales to total net sales and total revenues:
Segment net sales$5,328.3 
Intersegment eliminations(598.1)
Total net sales4,730.2 
Financial services revenue378.1 
Total revenues$5,108.3 
Reconciliation of segment cost of goods sold to cost of goods sold:
Segment cost of goods sold$(2,979.2)
Intersegment eliminations598.1 
Cost of goods sold$(2,381.1)
Reconciliation of segment operating earnings to operating earnings and
   earnings before income taxes:
Segment operating earnings$1,423.6 
Corporate operating expenses(113.2)
Operating earnings1,310.4 
Interest expense(49.9)
Other income (expense) – net67.5 
Earnings before income taxes$1,328.0 
*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.
Financial Services - customer support and technology expenses.
Schedule of Capital Expenditures, Depreciation and Amortization
Financial Data by Segment (continued):
(Amounts in millions)202520242023
Capital expenditures:
Commercial & Industrial Group$20.8 $19.4 $22.5 
Snap-on Tools Group20.8 39.6 46.1 
Repair Systems & Information Group30.9 22.2 20.3 
Financial Services1.0 0.6 1.8 
Total from reportable segments73.5 81.8 90.7 
Corporate2.5 1.7 4.3 
Total capital expenditures$76.0 $83.5 $95.0 
Depreciation and amortization:
Commercial & Industrial Group$25.0 $25.3 $25.7 
Snap-on Tools Group31.7 30.5 29.3 
Repair Systems & Information Group36.8 37.0 39.4 
Financial Services0.8 1.0 0.9 
Total from reportable segments94.3 93.8 95.3 
Corporate4.2 4.2 4.0 
Total depreciation and amortization$98.5 $98.0 $99.3 
Schedule of Revenue and Long-Lived Assets, Geographic Regions
Revenues by geographic region:*
United States$3,635.3 $3,640.9 $3,664.3 
Europe825.5 793.8 760.9 
All other695.3 673.7 683.1 
Total revenues$5,156.1 $5,108.4 $5,108.3 
(Amounts in millions)20252024
Assets:
Commercial & Industrial Group$1,318.1 $1,230.8 
Snap-on Tools Group972.1 937.5 
Repair Systems & Information Group1,784.3 1,695.5 
Financial Services2,477.2 2,491.9 
Total assets from reportable segments6,551.7 6,355.7 
Corporate1,946.3 1,633.0 
Elimination of intersegment receivables(85.7)(91.9)
Total assets$8,412.3 $7,896.8 
Long-lived assets:**
United States$401.5 $412.7 
Europe186.9 163.9 
All other47.6 55.4 
Total long-lived assets$636.0 $632.0 
*Revenues are attributed to countries based on origin of the sale.
**
Long-lived assets consist of Property and equipment – net and Operating lease right-of-use assets.
Schedule of Products and Services
The following table shows the consolidated net sales and revenues of these product groups in the last three years:

(Amounts in millions)202520242023
Net sales:
Tools$2,541.9 $2,546.2 $2,528.9 
Diagnostics, information and management systems1,112.2 1,028.1 991.2 
Equipment1,089.1 1,133.1 1,210.1 
Total net sales4,743.2 4,707.4 4,730.2 
Financial services revenue412.9 401.0 378.1 
Total revenues$5,156.1 $5,108.4 $5,108.3