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v3.26.1

Leases | 3 Months Ended
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Apr. 04, 2026
Leases [Abstract] |
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of April 4, 2026, and January 3, 2026, is as follows:
(Amounts in millions) | April 4, 2026 |  | January 3, 2026
Finance leases: |  |  |
Property and equipment – gross | $ | 2.3 |  |  | $ | 2.4 |
Accumulated depreciation | (1.1) |  |  | (1.0) |
Property and equipment – net | $ | 1.2 |  |  | $ | 1.4 |
Other accrued liabilities | $ | 0.4 |  |  | $ | 0.4 |
Other long-term liabilities | 0.9 |  |  | 1.0 |
Total finance lease liabilities | $ | 1.3 |  |  | $ | 1.4 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 89.9 |  |  | $ | 83.7 |
Other accrued liabilities | $ | 27.9 |  |  | $ | 27.5 |
Operating lease liabilities | 67.9 |  |  | 61.8 |
Total operating lease liabilities | $ | 95.8 |  |  | $ | 89.3 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 4 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of April 4, 2026, and January 3, 2026, is as follows:
(Amounts in millions) | April 4, 2026 |  | January 3, 2026
Finance leases: |  |  |
Property and equipment – gross | $ | 2.3 |  |  | $ | 2.4 |
Accumulated depreciation | (1.1) |  |  | (1.0) |
Property and equipment – net | $ | 1.2 |  |  | $ | 1.4 |
Other accrued liabilities | $ | 0.4 |  |  | $ | 0.4 |
Other long-term liabilities | 0.9 |  |  | 1.0 |
Total finance lease liabilities | $ | 1.3 |  |  | $ | 1.4 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 89.9 |  |  | $ | 83.7 |
Other accrued liabilities | $ | 27.9 |  |  | $ | 27.5 |
Operating lease liabilities | 67.9 |  |  | 61.8 |
Total operating lease liabilities | $ | 95.8 |  |  | $ | 89.3 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 4 for additional information on finance and contract receivables.
Leases | Leases Lessee accounting: Supplemental balance sheet information related to leases as of April 4, 2026, and January 3, 2026, is as follows:
(Amounts in millions) | April 4, 2026 |  | January 3, 2026
Finance leases: |  |  |
Property and equipment – gross | $ | 2.3 |  |  | $ | 2.4 |
Accumulated depreciation | (1.1) |  |  | (1.0) |
Property and equipment – net | $ | 1.2 |  |  | $ | 1.4 |
Other accrued liabilities | $ | 0.4 |  |  | $ | 0.4 |
Other long-term liabilities | 0.9 |  |  | 1.0 |
Total finance lease liabilities | $ | 1.3 |  |  | $ | 1.4 |
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 89.9 |  |  | $ | 83.7 |
Other accrued liabilities | $ | 27.9 |  |  | $ | 27.5 |
Operating lease liabilities | 67.9 |  |  | 61.8 |
Total operating lease liabilities | $ | 95.8 |  |  | $ | 89.3 |
Lessor accounting: Snap-on’s Financial Services business offers lease financing to support the sales of tools, diagnostics, and equipment products, as well as vehicle leases for franchisees. Sales-type leases are included in both “Finance receivables – net” and “Long-term finance receivables – net” and also in both “Contract receivables – net” and “Long-term contract receivables – net” on the accompanying Condensed Consolidated Balance Sheets. See Note 4 for additional information on finance and contract receivables.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure of lessor's sales-type leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-30/tableOfContent + Details
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