Revenue Recognition - (Tables)

3 Months Ended

Mar. 28, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

	Three Months Ended
(Amounts in millions)	March 28, 2020		March 30, 2019
Revenue from contracts with customers	$	846.6	$	916.4
Other revenues	5.6		5.3
Total net sales	852.2		921.7
Financial services revenue	85.9		85.6
Total revenues	$	938.1	$	1,007.3

Snap-on evaluates the performance of its operating segments based on segment revenues, including both external and intersegment net sales, and segment operating earnings. Snap-on accounts for both intersegment sales and transfers based primarily on standard costs with reasonable mark-ups established between the segments. Intersegment amounts are eliminated to arrive at Snap-on’s consolidated financial results.

The following tables represent external net sales disaggregated by geography, based on the customers’ billing addresses:

	For the Three Months Ended March 28, 2020
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial				Snap-on
(Amounts in millions)	Group		Group		Group		Services		Eliminations		Incorporated
Net sales:
North America*	$	108.9	$	326.9	$	177.3	$	—	$	—	$	613.1
Europe	67.1		31.1		56.6		—		—		154.8
All other	51.0		17.9		15.4		—		—		84.3
External net sales	227.0		375.9		249.3		—		—		852.2
Intersegment net sales	72.9		—		65.3		—		(138.2)		—
Total net sales	299.9		375.9		314.6		—		(138.2)		852.2
Financial services revenue	—		—		—		85.9		—		85.9
Total revenue	$	299.9	$	375.9	$	314.6	$	85.9	$	(138.2)	$	938.1

	For the Three Months Ended March 30, 2019
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial				Snap-on
(Amounts in millions)	Group		Group		Group		Services		Eliminations		Incorporated
Net sales:
North America*	$	108.9	$	351.6	$	185.1	$	—	$	—	$	645.6
Europe	77.4		36.9		59.5		—		—		173.8
All other	63.2		21.7		17.4		—		—		102.3
External net sales	249.5		410.2		262.0		—		—		921.7
Intersegment net sales	73.0		—		65.9		—		(138.9)		—
Total net sales	322.5		410.2		327.9		—		(138.9)		921.7
Financial services revenue	—		—		—		85.6		—		85.6
Total revenue	$	322.5	$	410.2	$	327.9	$	85.6	$	(138.9)	$	1,007.3
* North America is comprised of the United States, Canada and Mexico.

The following tables represent external net sales disaggregated by customer type:

	For the Three Months Ended March 28, 2020
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial				Snap-on
(Amounts in millions)	Group		Group		Group		Services		Eliminations		Incorporated
Net sales:
Vehicle service professionals	$	19.4	$	375.9	$	249.3	$	—	$	—	$	644.6
All other professionals	207.6		—		—		—		—		207.6
External net sales	227.0		375.9		249.3		—		—		852.2
Intersegment net sales	72.9		—		65.3		—		(138.2)		—
Total net sales	299.9		375.9		314.6		—		(138.2)		852.2
Financial services revenue	—		—		—		85.9		—		85.9
Total revenue	$	299.9	$	375.9	$	314.6	$	85.9	$	(138.2)	$	938.1

	For the Three Months Ended March 30, 2019
	Commercial		Snap-on		Repair Systems
	& Industrial		Tools		& Information		Financial				Snap-on
(Amounts in millions)	Group		Group		Group		Services		Eliminations		Incorporated
Net sales:
Vehicle service professionals	$	20.0	$	410.2	$	262.0	$	—	$	—	$	692.2
All other professionals	229.5		—		—		—		—		229.5
External net sales	249.5		410.2		262.0		—		—		921.7
Intersegment net sales	73.0		—		65.9		—		(138.9)		—
Total net sales	322.5		410.2		327.9		—		(138.9)		921.7
Financial services revenue	—		—		—		85.6		—		85.6
Total revenue	$	322.5	$	410.2	$	327.9	$	85.6	$	(138.9)	$	1,007.3