Revenue Recognition (Tables)

12 Months Ended

Jan. 02, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table shows the consolidated revenues by revenue source:

(Amounts in millions)	2020		2019
Revenue from contracts with customers	$	3,569.3	$	3,708.3
Other revenues	23.2		21.7
Total net sales	3,592.5		3,730.0
Financial services revenue	349.7		337.7
Total revenues	$	3,942.2	$	4,067.7

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

	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*	$	432.3	$	1,442.8	$	720.7	$	—	$	—	$	2,595.8
Europe	276.2		125.7		214.9		—		—		616.8
All other	242.9		75.4		61.6		—		—		379.9
External net sales	951.4		1,643.9		997.2		—		—		3,592.5
Intersegment net sales	283.2		—		241.0		—		(524.2)		—
Total net sales	1,234.6		1,643.9		1,238.2		—		(524.2)		3,592.5
Financial services revenue	—		—		—		349.7		—		349.7
Total revenue	$	1,234.6	$	1,643.9	$	1,238.2	$	349.7	$	(524.2)	$	3,942.2

	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*	$	482.1	$	1,406.1	$	766.4	$	—	$	—	$	2,654.6
Europe	291.7		131.9		241.3		—		—		664.9
All other	264.4		74.9		71.2		—		—		410.5
External net sales	1,038.2		1,612.9		1,078.9		—		—		3,730.0
Intersegment net sales	307.5		—		255.6		—		(563.1)		—
Total net sales	1,345.7		1,612.9		1,334.5		—		(563.1)		3,730.0
Financial services revenue	—		—		—		337.7		—		337.7
Total revenue	$	1,345.7	$	1,612.9	$	1,334.5	$	337.7	$	(563.1)	$	4,067.7

* North America is comprised of the United States, Canada and Mexico.

The following table represents external net sales disaggregated by customer type:

	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	$	87.2	$	1,643.9	$	997.2	$	—	$	—	$	2,728.3
All other professionals	864.2		—		—		—		—		864.2
External net sales	951.4		1,643.9		997.2		—		—		3,592.5
Intersegment net sales	283.2		—		241.0		—		(524.2)		—
Total net sales	1,234.6		1,643.9		1,238.2		—		(524.2)		3,592.5
Financial services revenue	—		—		—		349.7		—		349.7
Total revenue	$	1,234.6	$	1,643.9	$	1,238.2	$	349.7	$	(524.2)	$	3,942.2

	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	$	85.5	$	1,612.9	$	1,078.9	$	—	$	—	$	2,777.3
All other professionals	952.7		—		—		—		—		952.7
External net sales	1,038.2		1,612.9		1,078.9		—		—		3,730.0
Intersegment net sales	307.5		—		255.6		—		(563.1)		—
Total net sales	1,345.7		1,612.9		1,334.5		—		(563.1)		3,730.0
Financial services revenue	—		—		—		337.7		—		337.7
Total revenue	$	1,345.7	$	1,612.9	$	1,334.5	$	337.7	$	(563.1)	$	4,067.7