Consolidated Balance Sheets - USD ($) $ in Millions	Jan. 01, 2022	Jan. 02, 2021
Current assets:
Cash and cash equivalents	$ 780.0	$ 923.4
Trade and other accounts receivable – net	682.3	640.7
Finance and contract receivables, current, net	652.7	642.7
Inventories – net	803.8	746.5
Prepaid expenses and other assets	134.6	129.7
Total current assets	3,053.4	3,083.0
Property and equipment – net	518.2	526.2
Operating lease right-of-use assets	51.9	51.9
Deferred income tax assets	49.5	50.3
Finance an contract receivable, net, non-current	1,492.2	1,511.0
Goodwill	1,116.5	982.4
Other intangibles – net	301.7	260.8
Other assets	176.3	91.7
Total assets	6,759.7	6,557.3
Current liabilities:
Notes payable and current maturities of long-term debt	17.4	268.5
Accounts payable	277.6	222.9
Accrued benefits	67.4	59.7
Accrued compensation	114.8	89.9
Franchisee deposits	80.7	78.4
Other accrued liabilities	424.3	445.5
Total current liabilities	982.2	1,164.9
Long-term debt	1,182.9	1,182.1
Deferred income tax liabilities	122.7	70.4
Retiree health care benefits	31.1	34.5
Pension liabilities	104.9	127.1
Operating lease liabilities	34.2	34.0
Other long-term liabilities	97.9	97.7
Total liabilities	2,555.9	2,710.7
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 67,438,129 and 67,430,958 shares, respectively)	67.4	67.4
Additional paid-in capital	472.7	391.7
Retained earnings	5,699.9	5,156.9
Accumulated other comprehensive loss	(343.9)	(365.8)
Treasury stock at cost (14,008,479 and 13,328,859 shares, respectively)	(1,714.2)	(1,425.3)
Total shareholders’ equity attributable to Snap-on Incorporated	4,181.9	3,824.9
Noncontrolling interests	21.9	21.7
Total equity	4,203.8	3,846.6
Total liabilities and equity	6,759.7	6,557.3
Financing Receivables
Current assets:
Finance and contract receivables, current, net	542.3	530.2
Finance an contract receivable, net, non-current	1,114.0	1,136.3
Contract Receivables
Current assets:
Finance and contract receivables, current, net	110.4	112.5
Finance an contract receivable, net, non-current	$ 378.2	$ 374.7