XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.26.1

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Apr. 04, 2026
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill by segment for the three months ended April 4, 2026, are as follows:
(Amounts in millions) | Commercial & Industrial Group |  | Snap-on Tools Group |  | Repair Systems & Information Group |  | Total
Balance as of January 3, 2026 | $ | 349.4 |  |  | $ | 12.4 |  |  | $ | 747.7 |  |  | $ | 1,109.5 |
Currency translation | (5.8) |  |  | — |  |  | (3.7) |  |  | (9.5) |
Acquisition | 2.1 |  |  | — |  |  | — |  |  | 2.1 |
Balance as of April 4, 2026 | $ | 345.7 |  |  | $ | 12.4 |  |  | $ | 744.0 |  |  | $ | 1,102.1 |
Goodwill of $1,102.1 million as of April 4, 2026, included $2.1 million from the acquisition of Car-O-Liner Australia, on a preliminary basis, and is reported in the Commercial & Industrial Group segment. See Note 3 for additional information on the acquisition. Additional disclosures related to other intangible assets are as follows:
| April 4, 2026 |  | January 3, 2026
(Amounts in millions) | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Amortized other intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 79.0 |  |  | $ | (35.6) |  |  | $ | 43.4 |  |  | $ | 79.8 |  |  | $ | (34.7) |  |  | $ | 45.1 |
Developed technology | 26.4 |  |  | (26.4) |  |  | — |  |  | 26.5 |  |  | (26.0) |  |  | 0.5 |
Internally developed software | 203.0 |  |  | (149.3) |  |  | 53.7 |  |  | 200.8 |  |  | (146.5) |  |  | 54.3 |
Patents | 55.3 |  |  | (23.8) |  |  | 31.5 |  |  | 54.0 |  |  | (23.4) |  |  | 30.6 |
Trademarks | 4.1 |  |  | (2.8) |  |  | 1.3 |  |  | 4.1 |  |  | (2.8) |  |  | 1.3 |
Other | 0.9 |  |  | (0.5) |  |  | 0.4 |  |  | 0.9 |  |  | (0.5) |  |  | 0.4 |
Total | 368.7 |  |  | (238.4) |  |  | 130.3 |  |  | 366.1 |  |  | (233.9) |  |  | 132.2 |
Non-amortized trademarks | 136.9 |  |  | — |  |  | 136.9 |  |  | 138.5 |  |  | — |  |  | 138.5 |
Total other intangible assets | $ | 505.6 |  |  | $ | (238.4) |  |  | $ | 267.2 |  |  | $ | 504.6 |  |  | $ | (233.9) |  |  | $ | 270.7 |
Provisions for impairment of goodwill and/or other intangible assets could arise in a future period due to significant and unanticipated changes in circumstances, such as declines in profitability and cash flow due to long-term deterioration in macroeconomic, industry and market conditions, the loss of key customers, changes in technology or markets, changes in key personnel or litigation, a sustained decrease in share price and/or other events. As of April 4, 2026, the company had no accumulated impairment losses. The weighted-average amortization periods related to other intangible assets are as follows:
| In Years
Customer relationships | 14
Developed technology | 5
Internally developed software | 5
Patents | 15
Trademarks | 9
Other | 50
The weighted-average amortization period for all amortizable intangible assets on a combined basis is 11 years. Intangible asset renewal costs are expensed as incurred. The aggregate amortization expense was $5.3 million and $5.7 million for the respective three month periods ended April 4, 2026, and March 29, 2025. Based on current levels of amortizable intangible assets and estimated weighted-average useful lives, estimated annual amortization expense is expected to be $19.0 million in 2026, $16.8 million in 2027, $13.7 million in 2028, $11.8 million in 2029, $10.6 million in 2030, and $6.7 million in 2031.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration