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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 28, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 185.8 $ 184.5
Trade and other accounts receivable – net 635.2 694.6
Finance receivables and contract receivables - net 606.5 630.8
Inventories – net 757.4 760.4
Prepaid expenses and other assets 118.2 110.2
Total current assets 2,303.1 2,380.5
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,411.4 1,425.0
Accumulated depreciation and amortization (903.1) (903.5)
Property and equipment – net 508.3 521.5
Operating lease right-of-use assets 51.3 55.6
Deferred income tax assets 53.3 52.3
Long-term finance receivables and contract receivables - net 1,457.3 1,463.6
Goodwill 898.2 913.8
Other intangibles – net 234.3 243.9
Other assets 58.5 62.3
Total assets 5,564.3 5,693.5
Current liabilities:    
Notes payable 160.1 202.9
Accounts payable 193.7 198.5
Accrued benefits 55.0 53.3
Accrued compensation 51.3 53.9
Franchisee deposits 64.8 68.2
Other accrued liabilities 397.0 370.8
Total current liabilities 921.9 947.6
Long-term debt 948.2 946.9
Deferred income tax liabilities 66.3 69.3
Retiree health care benefits 32.9 33.6
Pension liabilities 113.2 122.1
Operating lease liabilities 34.7 37.5
Other long-term liabilities 93.7 105.7
Total liabilities 2,210.9 2,262.7
Commitments and contingencies (Note 15)
Shareholders’ equity attributable to Snap-on Incorporated:    
Preferred stock (authorized 15,000,000 shares of $1 par value; none outstanding) 0.0 0.0
Common stock (authorized 250,000,000 shares of $1 par value; issued 67,430,564 and 67,423,106 shares, respectively) 67.4 67.4
Additional paid-in capital 378.4 379.1
Retained earnings 4,852.0 4,779.7
Accumulated other comprehensive loss (609.9) (507.9)
Treasury stock at cost (13,091,322 and 12,772,882 shares, respectively) (1,356.6) (1,309.2)
Total shareholders’ equity attributable to Snap-on Incorporated 3,331.3 3,409.1
Noncontrolling interests 22.1 21.7
Total equity 3,353.4 3,430.8
Total liabilities and equity 5,564.3 5,693.5
Land    
Property and equipment:    
Property and equipment, gross 30.9 31.9
Buildings and improvements    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 398.0 405.1
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 982.5 988.0
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 514.3 530.1
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,101.9 1,103.5
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 92.2 100.7
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 355.4 $ 360.1