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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 787.5 $ 184.5
Trade and other accounts receivable – net 618.9 694.6
Finance receivables and contract receivables - net 645.4 630.8
Inventories – net 764.4 760.4
Prepaid expenses and other assets 122.0 110.2
Total current assets 2,938.2 2,380.5
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,451.0 1,425.0
Accumulated depreciation and amortization (945.6) (903.5)
Property and equipment – net 505.4 521.5
Operating lease right-of-use assets 51.0 55.6
Deferred income tax assets 47.3 52.3
Long-term finance receivables and contract receivables - net 1,489.5 1,463.6
Goodwill 938.5 913.8
Other intangibles – net 241.6 243.9
Other assets 56.1 62.3
Total assets 6,267.6 5,693.5
Current liabilities:    
Notes payable and current maturities of long-term debt 267.9 202.9
Accounts payable 206.0 198.5
Accrued benefits 53.6 53.3
Accrued compensation 82.5 53.9
Franchisee deposits 85.9 68.2
Other accrued liabilities 421.1 370.8
Total current liabilities 1,117.0 947.6
Long-term debt 1,181.8 946.9
Deferred income tax liabilities 63.5 69.3
Retiree health care benefits 31.5 33.6
Pension liabilities 103.7 122.1
Operating lease liabilities 33.6 37.5
Other long-term liabilities 95.7 105.7
Total liabilities 2,626.8 2,262.7
Commitments and contingencies
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 67,430,879 and 67,423,106 shares, respectively) 67.4 67.4
Additional paid-in capital 386.3 379.1
Retained earnings 5,014.9 4,779.7
Accumulated other comprehensive loss (465.6) (507.9)
Treasury stock at cost (13,220,919 and 12,772,882 shares, respectively) (1,384.0) (1,309.2)
Total shareholders’ equity attributable to Snap-on Incorporated 3,619.0 3,409.1
Noncontrolling interests 21.8 21.7
Total equity 3,640.8 3,430.8
Total liabilities and equity 6,267.6 5,693.5
Land    
Property and equipment:    
Property and equipment, gross 32.3 31.9
Buildings and improvements    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 414.5 405.1
Machinery, equipment and computer software    
Property and equipment:    
Property and equipment and finance lease right-of-use asset, gross 1,004.2 988.0
Finance Receivables    
Current assets:    
Finance receivables and contract receivables - net 532.1 530.1
Property and equipment:    
Long-term finance receivables and contract receivables - net 1,122.3 1,103.5
Contract Receivables    
Current assets:    
Finance receivables and contract receivables - net 113.3 100.7
Property and equipment:    
Long-term finance receivables and contract receivables - net $ 367.2 $ 360.1