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Condensed Consolidated Statements of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
Net sales $ 938.1 $ 1,007.3
Operating earnings 195.8 249.5
Interest expense (11.4) (12.5)
Other income (expense) – net 1.5 1.5
Earnings before income taxes and equity earnings 185.9 238.5
Income tax expense (43.9) (56.9)
Earnings before equity earnings 142.0 181.6
Equity earnings, net of tax 0.0 0.5
Net earnings 142.0 182.1
Net earnings attributable to noncontrolling interests (4.8) (4.2)
Net earnings attributable to Snap-on Incorporated $ 137.2 $ 177.9
Net earnings per share attributable to Snap-on Incorporated:    
Basic (in dollars per share) $ 2.52 $ 3.21
Diluted (in dollars per share) $ 2.49 $ 3.16
Weighted-average shares outstanding:    
Basic (in shares) 54,523,857 55,514,520
Effect of dilutive securities (in shares) 524,511 790,637
Diluted (in shares) 55,048,368 56,305,157
Dividends declared per common share (in dollars per share) $ 1.08 $ 0.95
Excluding Financial Services    
Net sales $ 852.2 $ 921.7
Cost of goods sold (430.6) (450.1)
Gross profit 421.6 471.6
Operating expenses (282.7) (284.2)
Operating earnings 138.9 187.4
Financial Service    
Net sales 85.9 85.6
Cost of goods sold (29.0) (23.5)
Operating earnings $ 56.9 $ 62.1