Goodwill and Other Intangible Assets - (Tables)

6 Months Ended

Jul. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill by Segment

The changes in the carrying amount of goodwill by segment for the six months ended July 2, 2022, are as follows:

(Amounts in millions)	Commercial & Industrial Group		Snap-on Tools Group		Repair Systems & Information Group		Total
Balance as of January 1, 2022	$	325.8	$	12.4	$	778.3	$	1,116.5
Currency translation	(22.7)		—		(14.7)		(37.4)
Acquisition-related adjustments	(0.5)		—		(32.6)		(33.1)
Balance as of July 2, 2022	$	302.6	$	12.4	$	731.0	$	1,046.0

Other Intangible Assets by Major Class

Additional disclosures related to other intangible assets are as follows:

	July 2, 2022				January 1, 2022
(Amounts in millions)	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Amortized other intangible assets:
Customer relationships	$	212.6	$	(145.1)	$	217.8	$	(142.1)
Developed technology	35.9		(24.3)		36.6		(23.2)
Internally developed software	180.6		(138.0)		182.7		(139.1)
Patents	46.4		(25.0)		45.7		(25.1)
Trademarks	3.8		(2.3)		3.9		(2.3)
Other	7.9		(4.0)		8.3		(4.1)
Total	487.2		(338.7)		495.0		(335.9)
Non-amortized trademarks	135.0		—		142.6		—
Total other intangible assets	$	622.2	$	(338.7)	$	637.6	$	(335.9)

Weighted-Average Amortization Period by Major Class

The weighted-average amortization periods related to other intangible assets are as follows:

	In Years
Customer relationships	14
Developed technology	5
Internally developed software	6
Patents	14
Trademarks	9
Other	39