Segments (Tables)

12 Months Ended

Jan. 01, 2022

Segment Reporting [Abstract]

Net Sales by Segment

(Amounts in millions)	2021		2020		2019
Net sales:
Commercial & Industrial Group	$	1,406.3	$	1,234.6	$	1,345.7
Snap-on Tools Group	1,938.6		1,643.9		1,612.9
Repair Systems & Information Group	1,503.1		1,238.2		1,334.5
Segment net sales	4,848.0		4,116.7		4,293.1
Intersegment eliminations	(596.0)		(524.2)		(563.1)
Total net sales	4,252.0		3,592.5		3,730.0
Financial Services revenue	349.7		349.7		337.7
Total revenues	$	4,601.7	$	3,942.2	$	4,067.7
Operating earnings:
Commercial & Industrial Group	$	209.9	$	153.7	$	188.7
Snap-on Tools Group	411.1		267.7		245.8
Repair Systems & Information Group	348.6		298.0		342.7
Financial Services	272.0		248.6		245.9
Segment operating earnings	1,241.6		968.0		1,023.1
Corporate	(118.1)		(87.5)		(60.8)
Operating earnings	1,123.5		880.5		962.3
Interest expense	(53.1)		(54.0)		(49.0)
Other income (expense) – net	16.5		8.7		8.8
Earnings before income taxes and equity earnings	$	1,086.9	$	835.2	$	922.1

Assets by Segment

(Amounts in millions)	2021		2020
Assets:
Commercial & Industrial Group	$	1,209.3	$	1,210.4
Snap-on Tools Group	791.4		775.3
Repair Systems & Information Group	1,624.3		1,399.7
Financial Services	2,163.6		2,170.3
Total assets from reportable segments	5,788.6		5,555.7
Corporate	1,039.7		1,063.2
Elimination of intersegment receivables	(68.6)		(61.6)
Total assets	$	6,759.7	$	6,557.3

Capital Expenditures, Depreciation and Amortization

(Amounts in millions)	2021		2020		2019
Capital expenditures:
Commercial & Industrial Group	$	24.3	$	20.3	$	30.1
Snap-on Tools Group	27.1		24.2		42.7
Repair Systems & Information Group	15.4		14.7		22.7
Financial Services	0.8		0.8		0.8
Total from reportable segments	67.6		60.0		96.3
Corporate	2.5		5.6		3.1
Total capital expenditures	$	70.1	$	65.6	$	99.4
Depreciation and amortization:
Commercial & Industrial Group	$	28.2	$	25.1	$	23.5
Snap-on Tools Group	31.2		32.7		31.7
Repair Systems & Information Group	40.9		34.6		33.0
Financial Services	0.9		0.7		0.7
Total from reportable segments	101.2		93.1		88.9
Corporate	3.6		3.6		3.5
Total depreciation and amortization	$	104.8	$	96.7	$	92.4

Revenue and Long-Lived Assets, Geographic Regions

Revenues by geographic region:*
United States	$	3,153.0	$	2,772.3	$	2,794.0
Europe	808.5		677.5		730.3
All other	640.2		492.4		543.4
Total revenues	$	4,601.7	$	3,942.2	$	4,067.7
(Amounts in millions)			2021		2020
Long-lived assets:**
United States			$	342.2	$	345.3
Europe			171.2		174.2
All other			56.7		58.6
Total long-lived assets			$	570.1	$	578.1

*	Revenues are attributed to countries based on origin of the sale.
**	Long-lived assets consist of Property and equipment - net and Operating lease right-of-use assets. Prior year has been recast to conform with the current year presentation which includes Operating lease right-of-use assets and excludes Goodwill and Other intangibles - net.

Products and Services

The following table shows the consolidated net sales and revenues of these product groups in the last three years:

(Amounts in millions)	2021		2020		2019
Net sales:
Tools	$	2,343.0	$	1,984.7	$	2,017.5
Diagnostics, information and management systems	892.5		783.8		827.5
Equipment	1,016.5		824.0		885.0
Total net sales	4,252.0		3,592.5		3,730.0
Financial services revenue	349.7		349.7		337.7
Total revenues	$	4,601.7	$	3,942.2	$	4,067.7