Segments (Tables)

12 Months Ended

Dec. 28, 2019

Segment Reporting [Abstract]

Net Sales by Segment

(Amounts in millions)	2019		2018		2017
Net sales:
Commercial & Industrial Group	$	1,345.7	$	1,343.3	$	1,265.0
Snap-on Tools Group	1,612.9		1,613.8		1,625.1
Repair Systems & Information Group	1,334.5		1,334.4		1,347.2
Segment net sales	4,293.1		4,291.5		4,237.3
Intersegment eliminations	(563.1)		(550.8)		(550.4)
Total net sales	3,730.0		3,740.7		3,686.9
Financial Services revenue	337.7		329.7		313.4
Total revenues	$	4,067.7	$	4,070.4	$	4,000.3
Operating earnings:
Commercial & Industrial Group	$	188.7	$	199.3	$	186.5
Snap-on Tools Group	245.8		264.2		274.7
Repair Systems & Information Group	342.7		342.6		335.3
Financial Services	245.9		230.1		217.5
Segment operating earnings	1,023.1		1,036.2		1,014.0
Corporate	(60.8)		(80.1)		(131.9)
Operating earnings	962.3		956.1		882.1
Interest expense	(49.0)		(50.4)		(52.4)
Other income (expense) – net	8.8		4.2		(7.8)
Earnings before income taxes and equity earnings	$	922.1	$	909.9	$	821.9

Assets by Segment

(Amounts in millions)	2019		2018
Assets:
Commercial & Industrial Group	$	1,138.8	$	1,087.9
Snap-on Tools Group	827.4		752.7
Repair Systems & Information Group	1,381.9		1,306.3
Financial Services	2,104.0		2,039.6
Total assets from reportable segments	5,452.1		5,186.5
Corporate	303.1		249.2
Elimination of intersegment receivables	(61.7)		(62.6)
Total assets	$	5,693.5	$	5,373.1

Capital Expenditures, Depreciation and Amortization

(Amounts in millions)	2019		2018		2017
Capital expenditures:
Commercial & Industrial Group	$	30.1	$	21.5	$	22.6
Snap-on Tools Group	42.7		46.0		40.1
Repair Systems & Information Group	22.7		19.7		13.4
Financial Services	0.8		0.5		1.2
Total from reportable segments	96.3		87.7		77.3
Corporate	3.1		3.2		4.7
Total capital expenditures	$	99.4	$	90.9	$	82.0
Depreciation and amortization:
Commercial & Industrial Group	$	23.5	$	23.6	$	22.8
Snap-on Tools Group	31.7		29.9		29.1
Repair Systems & Information Group	33.0		36.7		37.8
Financial Services	0.7		0.8		0.6
Total from reportable segments	88.9		91.0		90.3
Corporate	3.5		3.1		2.9
Total depreciation and amortization	$	92.4	$	94.1	$	93.2

Revenue and Long-Lived Assets, Geographic Regions

Revenues by geographic region:*
United States	$	2,794.0	$	2,727.9	$	2,703.3
Europe	730.3		784.7		748.8
All other	543.4		557.8		548.2
Total revenues	$	4,067.7	$	4,070.4	$	4,000.3
(Amounts in millions)			2019		2018
Long-lived assets:**
United States			$	1,112.3	$	1,091.2
Sweden			218.7		227.4
All other			348.2		311.6
Total long-lived assets			$	1,679.2	$	1,630.2

*	Revenues are attributed to countries based on origin of the sale.
**	Long-lived assets consist of Property and equipment - net, Goodwill, and Other intangibles - net.

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)	2019		2018		2017
Net sales:
Tools	$	2,017.5	$	2,021.2	$	1,946.7
Diagnostics, information and management systems	827.5		797.9		800.4
Equipment	885.0		921.6		939.8
Total net sales	3,730.0		3,740.7		3,686.9
Financial services revenue	337.7		329.7		313.4
Total revenues	$	4,067.7	$	4,070.4	$	4,000.3