Revenue Recognition - (Tables)

6 Months Ended

Jun. 27, 2020

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

	Three Months Ended				Six Months Ended
(Amounts in millions)	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Revenue from contracts with customers	$	718.4	$	945.8	$	1,565.0	$	1,862.2
Other revenues	5.9		5.5		11.5		10.8
Total net sales	724.3		951.3		1,576.5		1,873.0
Financial services revenue	84.6		84.1		170.5		169.7
Total revenues	$	808.9	$	1,035.4	$	1,747.0	$	2,042.7

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 June 27, 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*	$	96.9	$	291.5	$	148.5	$	—	$	—	$	536.9
Europe	54.9		17.5		36.9		—		—		109.3
All other	52.7		14.3		11.1		—		—		78.1
External net sales	204.5		323.3		196.5		—		—		724.3
Intersegment net sales	57.4		—		48.5		—		(105.9)		—
Total net sales	261.9		323.3		245.0		—		(105.9)		724.3
Financial services revenue	—		—		—		84.6		—		84.6
Total revenue	$	261.9	$	323.3	$	245.0	$	84.6	$	(105.9)	$	808.9

	For the Six Months Ended June 27, 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*	$	205.8	$	618.4	$	325.8	$	—	$	—	$	1,150.0
Europe	122.0		48.6		93.5		—		—		264.1
All other	103.7		32.2		26.5		—		—		162.4
External net sales	431.5		699.2		445.8		—		—		1,576.5
Intersegment net sales	130.3		—		113.8		—		(244.1)		—
Total net sales	561.8		699.2		559.6		—		(244.1)		1,576.5
Financial services revenue	—		—		—		170.5		—		170.5
Total revenue	$	561.8	$	699.2	$	559.6	$	170.5	$	(244.1)	$	1,747.0
* North America is comprised of the United States, Canada and Mexico.

	For the Three Months Ended June 29, 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*	$	121.6	$	350.1	$	202.3	$	—	$	—	$	674.0
Europe	72.3		36.5		62.3		—		—		171.1
All other	69.1		19.2		17.9		—		—		106.2
External net sales	263.0		405.8		282.5		—		—		951.3
Intersegment net sales	72.0		—		66.4		—		(138.4)		—
Total net sales	335.0		405.8		348.9		—		(138.4)		951.3
Financial services revenue	—		—		—		84.1		—		84.1
Total revenue	$	335.0	$	405.8	$	348.9	$	84.1	$	(138.4)	$	1,035.4

	For the Six Months Ended June 29, 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*	$	230.5	$	701.7	$	387.4	$	—	$	—	$	1,319.6
Europe	149.7		73.4		121.8		—		—		344.9
All other	132.3		40.9		35.3		—		—		208.5
External net sales	512.5		816.0		544.5		—		—		1,873.0
Intersegment net sales	145.0		—		132.3		—		(277.3)		—
Total net sales	657.5		816.0		676.8		—		(277.3)		1,873.0
Financial services revenue	—		—		—		169.7		—		169.7
Total revenue	$	657.5	$	816.0	$	676.8	$	169.7	$	(277.3)	$	2,042.7
* 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 June 27, 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	$	20.0	$	323.3	$	196.5	$	—	$	—	$	539.8
All other professionals	184.5		—		—		—		—		184.5
External net sales	204.5		323.3		196.5		—		—		724.3
Intersegment net sales	57.4		—		48.5		—		(105.9)		—
Total net sales	261.9		323.3		245.0		—		(105.9)		724.3
Financial services revenue	—		—		—		84.6		—		84.6
Total revenue	$	261.9	$	323.3	$	245.0	$	84.6	$	(105.9)	$	808.9

	For the Six Months Ended June 27, 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	$	39.4	$	699.2	$	445.8	$	—	$	—	$	1,184.4
All other professionals	392.1		—		—		—		—		392.1
External net sales	431.5		699.2		445.8		—		—		1,576.5
Intersegment net sales	130.3		—		113.8		—		(244.1)		—
Total net sales	561.8		699.2		559.6		—		(244.1)		1,576.5
Financial services revenue	—		—		—		170.5		—		170.5
Total revenue	$	561.8	$	699.2	$	559.6	$	170.5	$	(244.1)	$	1,747.0

	For the Three Months Ended June 29, 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	$	24.0	$	405.8	$	282.5	$	—	$	—	$	712.3
All other professionals	239.0		—		—		—		—		239.0
External net sales	263.0		405.8		282.5		—		—		951.3
Intersegment net sales	72.0		—		66.4		—		(138.4)		—
Total net sales	335.0		405.8		348.9		—		(138.4)		951.3
Financial services revenue	—		—		—		84.1		—		84.1
Total revenue	$	335.0	$	405.8	$	348.9	$	84.1	$	(138.4)	$	1,035.4

	For the Six Months Ended June 29, 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	$	44.0	$	816.0	$	544.5	$	—	$	—	$	1,404.5
All other professionals	468.5		—		—		—		—		468.5
External net sales	512.5		816.0		544.5		—		—		1,873.0
Intersegment net sales	145.0		—		132.3		—		(277.3)		—
Total net sales	657.5		816.0		676.8		—		(277.3)		1,873.0
Financial services revenue	—		—		—		169.7		—		169.7
Total revenue	$	657.5	$	816.0	$	676.8	$	169.7	$	(277.3)	$	2,042.7