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v3.26.1

Segments (Tables) | 3 Months Ended
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Apr. 04, 2026
Segment Reporting [Abstract] |
Schedule of Net Sales by Segment | Financial Data by Segment:
| Three Months Ended April 4, 2026
| Commercial & |  | Snap-on |  | Repair Systems |  |  |  |
| Industrial |  | Tools |  | & Information |  | Financial |  | Total
(Amounts in millions) | Group |  | Group |  | Group |  | Services |  | Segments
External net sales | $ | 308.8 |  |  | $ | 486.0 |  |  | $ | 412.4 |  |  | $ | — |  |  | $ | 1,207.2 |
Intersegment net sales | 72.2 |  |  | — |  |  | 72.9 |  |  | — |  |  | 145.1 |
Segment net sales | 381.0 |  |  | 486.0 |  |  | 485.3 |  |  | — |  |  | 1,352.3 |
Segment cost of goods sold | (227.4) |  |  | (254.4) |  |  | (262.2) |  |  | — |  |  | (744.0) |
Segment gross profit | 153.6 |  |  | 231.6 |  |  | 223.1 |  |  | — |  |  | 608.3 |
Financial services revenue | — |  |  | — |  |  | — |  |  | 101.1 |  |  | 101.1 |
Segment operating and financial services expenses |  |  |  |  |  |  |  |  |
Personnel | (59.5) |  |  | (51.8) |  |  | (69.0) |  |  | (9.5) |  |  |
Shipping and handling costs | (7.7) |  |  | (19.8) |  |  | — |  |  | — |  |  |
Depreciation and amortization | (1.7) |  |  | (1.9) |  |  | (4.7) |  |  | (0.2) |  |  |
Provisions for credit losses | — |  |  | — |  |  | — |  |  | (18.8) |  |  |
Other segment expenses* | (29.8) |  |  | (53.1) |  |  | (29.9) |  |  | (4.6) |  |  |
Total segment operating and financial services expenses | (98.7) |  |  | (126.6) |  |  | (103.6) |  |  | (33.1) |  |  | (362.0) |
Segment operating earnings | $ | 54.9 |  |  | $ | 105.0 |  |  | $ | 119.5 |  |  | $ | 68.0 |  |  | $ | 347.4 |
Reconciliation of segment net sales to total net sales and total revenues: |  |  |  |  |  |
Segment net sales |  |  |  |  |  |  |  |  | $ | 1,352.3 |
Intersegment eliminations |  |  |  |  |  |  |  |  | (145.1) |
Total net sales |  |  |  |  |  |  |  |  | 1,207.2 |
Financial services revenue |  |  |  |  |  |  |  |  | 101.1 |
Total revenues |  |  |  |  |  |  |  |  | $ | 1,308.3 |
Reconciliation of segment cost of goods sold to cost of goods sold: |  |  |  |  |  |
Segment cost of goods sold |  |  |  |  |  |  |  |  | $ | (744.0) |
Intersegment eliminations |  |  |  |  |  |  |  |  | 145.1 |
Cost of goods sold |  |  |  |  |  |  |  |  | $ | (598.9) |
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes: |  |
Segment operating earnings |  |  |  |  |  |  |  |  | $ | 347.4 |
Corporate operating expenses |  |  |  |  |  |  |  |  | (28.6) |
Operating earnings |  |  |  |  |  |  |  |  | 318.8 |
Interest expense |  |  |  |  |  |  |  |  | (12.4) |
Other income (expense) – net |  |  |  |  |  |  |  |  | 16.8 |
Earnings before income taxes |  |  |  |  |  |  |  |  | $ | 323.2 |
* | 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):
| Three Months Ended March 29, 2025
| Commercial & |  | Snap-on |  | Repair Systems |  |  |  |
| Industrial |  | Tools |  | & Information |  | Financial |  | Total
(Amounts in millions) | Group |  | Group |  | Group |  | Services |  | Segments
External net sales | $ | 276.7 |  |  | $ | 462.9 |  |  | $ | 401.5 |  |  | $ | — |  |  | $ | 1,141.1 |
Intersegment net sales | 67.2 |  |  | — |  |  | 74.4 |  |  | — |  |  | 141.6 |
Segment net sales | 343.9 |  |  | 462.9 |  |  | 475.9 |  |  | — |  |  | 1,282.7 |
Segment cost of goods sold | (197.4) |  |  | (248.4) |  |  | (258.4) |  |  | — |  |  | (704.2) |
Segment gross profit | 146.5 |  |  | 214.5 |  |  | 217.5 |  |  | — |  |  | 578.5 |
Financial services revenue | — |  |  | — |  |  | — |  |  | 102.1 |  |  | 102.1 |
Segment operating and financial services expenses |  |  |  |  |  |  |  |  |
Personnel | (55.9) |  |  | (48.4) |  |  | (65.1) |  |  | (8.8) |  |  |
Shipping and handling costs | (7.5) |  |  | (18.5) |  |  | — |  |  | — |  |  |
Depreciation and amortization | (1.8) |  |  | (1.8) |  |  | (4.5) |  |  | (0.2) |  |  |
Provisions for credit losses | — |  |  | — |  |  | — |  |  | (19.1) |  |  |
Other segment expenses* | (28.1) |  |  | (53.4) |  |  | (25.8) |  |  | (3.7) |  |  |
Total segment operating and financial services expenses | (93.3) |  |  | (122.1) |  |  | (95.4) |  |  | (31.8) |  |  | (342.6) |
Segment operating earnings | $ | 53.2 |  |  | $ | 92.4 |  |  | $ | 122.1 |  |  | $ | 70.3 |  |  | $ | 338.0 |
Reconciliation of segment net sales to total net sales and total revenues: |  |  |  |  |  |
Segment net sales |  |  |  |  |  |  |  |  | $ | 1,282.7 |
Intersegment eliminations |  |  |  |  |  |  |  |  | (141.6) |
Total net sales |  |  |  |  |  |  |  |  | 1,141.1 |
Financial services revenue |  |  |  |  |  |  |  |  | 102.1 |
Total revenues |  |  |  |  |  |  |  |  | $ | 1,243.2 |
Reconciliation of segment cost of goods sold to cost of goods sold: |  |  |  |  |  |
Segment cost of goods sold |  |  |  |  |  |  |  |  | $ | (704.2) |
Intersegment eliminations |  |  |  |  |  |  |  |  | 141.6 |
Cost of goods sold |  |  |  |  |  |  |  |  | $ | (562.6) |
Reconciliation of segment operating earnings to operating earnings and earnings before income taxes: |  |
Segment operating earnings |  |  |  |  |  |  |  |  | $ | 338.0 |
Corporate operating expenses |  |  |  |  |  |  |  |  | (24.6) |
Operating earnings |  |  |  |  |  |  |  |  | 313.4 |
Interest expense |  |  |  |  |  |  |  |  | (12.4) |
Other income (expense) – net |  |  |  |  |  |  |  |  | 14.4 |
Earnings before income taxes |  |  |  |  |  |  |  |  | $ | 315.4 |
* | 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 Assets by Geographic Areas |
(Amounts in millions) | April 4, 2026 |  | January 3, 2026
Assets: |  |  |
Commercial & Industrial Group | $ | 1,298.5 |  |  | $ | 1,318.1 |
Snap-on Tools Group | 998.3 |  |  | 972.1 |
Repair Systems & Information Group | 1,776.8 |  |  | 1,784.3 |
Financial Services | 2,454.5 |  |  | 2,477.2 |
Total assets from reportable segments | 6,528.1 |  |  | 6,551.7 |
Corporate | 2,071.1 |  |  | 1,946.3 |
Elimination of intersegment receivables | (82.8) |  |  | (85.7) |
Total assets | $ | 8,516.4 |  |  | $ | 8,412.3 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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